Search found 178 matches

by not4me
Thu Dec 07, 2017 2:54 pm
Forum: Investing - Theory, News & General
Topic: Farmland REITs?
Replies: 30
Views: 3637

Re: Farmland REITs?

Was wondering if there are any updates to this thread? Seems like the past 18 months have not been good for appreciation of farm prices. Have the yields caught up to the underlying land prices yet? Are the likes of FPI and LAND overleveraged in a rising interest rate environment? Any other thoughts...
by not4me
Thu Dec 07, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 3054

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

I do include realized and unrealized price changes, because not doing so is a distorted view of one's financial position, and can give rise to poor decision making. I don't know what an unrealized dividend would be. Can you be more specific? PJW Thanks for the chance to clarify & "unrealized divide...
by not4me
Wed Dec 06, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 181
Views: 10793

Re: Do people still use AAA?

At least in some cases, AAA seems to have their own fleet. I've seen their vehicles with logo, etc. I think they use them in more populated areas for battery, jump start, etc That is non-tow calls.
by not4me
Wed Dec 06, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 3054

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

We've been all around and all over the topic, but still I struggle with why so many investors so vehemently demand dividends as critical, and dismiss capital losses and gains as unimportant. Can it be the case that dividends are perceived as moral sources of return, because the corporation chooses ...
by not4me
Tue Dec 05, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Investment question: Ordinary income tax today vs deferred capital gains tax
Replies: 2
Views: 257

Re: Investment question: Ordinary income tax today vs deferred capital gains tax

So suppose I net $21,000 from a particular property, I This is much different than stock investments, where capital gains tax is deferred until the investments are sold. Might want to clarify what you mean when you say "net"...as it sounds as if you didn't net out income taxes. And capital gains wi...
by not4me
Tue Dec 05, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Prepaid tuition 529 plan vs state municipal bond
Replies: 7
Views: 663

Re: Prepaid tuition 529 plan vs state municipal bond

If nothing else, maybe this will give thread another bump! I'm not entirely sure I understand how this works, so I'll start with trying to clarify. Let's say you buy now at $113 & you buy 10 units. So, you'd pay $1130 & they'd be worth $1038.60. And so it would stay that way until the next reset day...
by not4me
Mon Dec 04, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9146

Re: One answer to the Dividend stocks puzzle from behavioral finance

triceratop wrote:
Mon Dec 04, 2017 2:23 pm
facts; subject to the assumptions
Not an opinion .... just something 'subject to assumptions'? Hmmm....don't guess I have follow-up questions!!!

Happy holidays!!!
by not4me
Mon Dec 04, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9146

Re: One answer to the Dividend stocks puzzle from behavioral finance

triceratop wrote:
Mon Dec 04, 2017 1:56 pm

I am simply saying that before taxes, dividend policy is irrelevant.
I'm curious. From whose perspective do you believe it to be "irrelevant"? CFO/CEO/Board of Directors? individual investor? institutional investor? bond holder? all the above? none of the above? write-in candidate(s)?
by not4me
Mon Dec 04, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9146

Re: One answer to the Dividend stocks puzzle from behavioral finance

It is interesting that there are a number of funds that focus on dividend paying stocks. If that's such a bad idea, how many here would buy the opposite: funds that avoid dividend paying stocks? Would that be growth funds? I would rather put my trust in diversity and lower tax costs. The absence of...
by not4me
Wed Nov 29, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question: Inheriting something you aren't supposed to sell
Replies: 22
Views: 2770

Re: Inheritance question: Inheriting something you aren't supposed to sell

I'll admit to not reading all the above & so apologize if this has been covered. I take it that you expect from either or both sets of parents that your inheritance would be non-income producing property of some sort. It almost sounded as if you felt the parents would be ok if the property were sold...
by not4me
Wed Nov 29, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: selling stock to an individual
Replies: 6
Views: 616

Re: selling stock to an individual

Having never done (or heard of it being done) what I'm about to say, I would think it MIGHT work...you'd transfer the stock from your account to the buyer, write up a "Bill of sale", you include as taxable income the capital gain...I believe this is essentially the process (minus broker involvement)...
by not4me
Wed Nov 15, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7719

Re: GE and the myth of "safe blue-chip stocks"

Bogleheads....You're a rough crowd; I have come to appreciate it. 8-) I have a pretty simple philosophy when it comes to my wife's investing: Don't try to micromanage, always encourage. As an aside: The overwhelming majority of her investments are concentrated in VTSAX (~90%). If she wants to take ...
by not4me
Fri Nov 10, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: NUA (Net Unrealized Appreciation) and Tax Returns
Replies: 9
Views: 532

Re: NUA (Net Unrealized Appreciation) and Tax Returns

OP, have you tried reading IRS publication 575? You can review it via their web site irs.gov. Call up that doc, search for "Net Unrealized Appreciation" & it'll lay it out for you. Your 401k custodian should also be able to help. I think one key is that you want to transfer the stock out of the 401k...
by not4me
Fri Nov 10, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Inactive accounts closed?
Replies: 30
Views: 2290

Re: Inactive accounts closed?

We've had a few instances where companies sent us letters about inactive accounts in which they were apparently using a "national" policy that really wasn't applicable to our state. We had a credit card cancelled several years ago without being notified...we weren't using it & were ok with it being ...
by not4me
Thu Nov 09, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Has “Dividend Yield” Become Globally Obsolete?
Replies: 35
Views: 2275

Re: Has “Dividend Yield” Become Globally Obsolete?

Not sure what's going on with China. Since the greater Asian countries in the OP are also quite similar to China, with relatively high dividend yields and low buybacks, it might just be a function of the corporate culture in that region — which of course can change over time, as we've seen with Eur...
by not4me
Thu Nov 09, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: Has “Dividend Yield” Become Globally Obsolete?
Replies: 35
Views: 2275

Re: Has “Dividend Yield” Become Globally Obsolete?

I'll start with admitting that I didn't read the methodology of how "buyback yield" was calculated. I started to read, but didn't find easily. Among Damodaran's voluminous research and postings, I wasn't able to find a reference to how his global buyback yields were calculated either. But this is h...
by not4me
Thu Nov 09, 2017 11:08 am
Forum: Investing - Theory, News & General
Topic: Has “Dividend Yield” Become Globally Obsolete?
Replies: 35
Views: 2275

Re: Has “Dividend Yield” Become Globally Obsolete?

Very interesting stuff, SimpleGift, you are calling attention to lots of interesting stuff, thanks... NASDAQ has a "buyback achievers" index, there's at least one ETF that tracks it (PKW) and at least one international buyback achievers ETF (IPKW). I keep waiting for them to get some forum attentio...
by not4me
Thu Nov 09, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Do telecom stocks have a future?
Replies: 64
Views: 3483

Re: Do telecom stocks have a future?

OP, sounds to me that you are asking what to do about an individual stock based on the "state of the industry" on a forum that doesn't specialize on either....I don't think all companies in the industry would have the same answer. Are there competitive threats? Yep. Really a factor for each individu...
by not4me
Thu Nov 09, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: Has “Dividend Yield” Become Globally Obsolete?
Replies: 35
Views: 2275

Re: Will “Dividend Yield” Become Globally Obsolete?

Share buybacks should only occur when COMPETENT boards/management deem their shares are trading below well below "intrinsic value", as per Warren Buffett (and every sane person on the planet!). From all the posts I see here, the vast majority of BHs seem to have the view that shares are currently o...
by not4me
Wed Nov 08, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2453

Re: Annuity Alternative

I can make a personal loan to a young family member who I know will pay me back guaranteed - with a back up if something should happen to him (in your responses you must take this as a given). I would structure the loan term to exceed our predicted life span. This way our estate gets any remaining ...
by not4me
Wed Nov 08, 2017 11:45 am
Forum: Investing - Help with Personal Investments
Topic: When to use a non-qualified deferred compensation plan
Replies: 9
Views: 661

Re: When to use a non-qualified deferred compensation plan

I'm a bit familiar with a similar plan, but with key differences. The biggest difference was that the funds (& really obligation to pay) were held outside the company. Few guarantees in this world, but it really wasn't depending upon the company staying in business. Instead of paying when you "retir...
by not4me
Tue Nov 07, 2017 11:03 am
Forum: Investing - Theory, News & General
Topic: Vanguard GNMA Fund Versus Total Bond Market Index Fund
Replies: 19
Views: 2807

Re: Vanguard GNMA Fund Versus Total Bond Market Index Fund

The duration of the Total Bond Market Index Fund has risen quite a bit over that period and currently stands at 6.1 years. I don't know the exact duration in 1986 but it was 4.7 years in August 2007. I wonder if a broad bond index of relatively constant duration would be a better choice. Noting the...
by not4me
Sat Nov 04, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited variable annuity
Replies: 3
Views: 340

Re: Inherited variable annuity

First, sorry for your loss. I would expect that all of the distribution was not taxable. You didn't mention that, so wanted to make sure you had your hands around how much was taxable. As for estimated taxes for federal income tax, if you withhold as much in 2017 as you owed for 2016, then you shoul...
by not4me
Sat Nov 04, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Stock Share in Estate
Replies: 5
Views: 295

Re: Help with Stock Share in Estate

I'm neither a lawyer nor a lay "expert", but will share what I'd do. This will be a bit generic & I'd almost expect the real answer is state dependent.... First, determine the transfer agent for the company. It might be shown on the stock certificate, but it could have changed. So, I'd use their web...
by not4me
Sat Nov 04, 2017 9:11 am
Forum: Investing - Theory, News & General
Topic: Dividends better than buybacks in retirement accounts
Replies: 32
Views: 2406

Re: Dividends better than buybacks in retirement accounts

A companies market-cap doesn't necessarily change when a buyback occurs, i.e. a $100 Billion market-cap company made up of 100 shares is still worth $100 Billion if it repurchases 10 shares, but the remaining 90 shares went from being worth $1 Billion each to now being worth $1.11 Billion each. It ...
by not4me
Thu Oct 26, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Windfall Question - Farmland Rental versus Sale
Replies: 31
Views: 1836

Re: Windfall Question - Farmland Rental versus Sale

I know only enough to be dangerous here, unfortunately. Does anyone on the forum know if there are tax benefits available to an owner of farmland? Finally, have you considered the possibility of selling off enough of the land to cover the encumbrance? You have to be careful not to subdivide the lan...
by not4me
Wed Oct 25, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Whats this "Tax-Exempt Fund"?
Replies: 6
Views: 1066

Re: Whats this "Tax-Exempt Fund"?

Just to add a couple of clarifications...state tax shouldn't be owed if the bond is from the state you are paying taxes to. That is, A California municipal if you are living/filing in California. Also, SOME muni bonds will trigger AMT impacts
by not4me
Wed Oct 25, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall Question - Farmland Rental versus Sale
Replies: 31
Views: 1836

Re: Windfall Question - Farmland Rental versus Sale

The tenant cannot afford to purchase the property now (crop prices are depressed). In order to get the property out of probate we would need to get a loan secured by the farmland. Right now, we are looking at a 200k loan at 4% Several good posts thus far. I'll hopefully add some food for thought. D...
by not4me
Fri Oct 20, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation with Farm Land
Replies: 20
Views: 1629

Re: Asset Allocation with Farm Land

a forest fire could come along, or a disease could strike down a major portion of the forest -- as the chestnut blight did on this land. In terms of asset allocation and investment, I simply ignore it. I'm not an expert in this & so mention it only as a skeletal idea. It might be worthwhile to you ...
by not4me
Fri Oct 20, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation with Farm Land
Replies: 20
Views: 1629

Re: Asset Allocation with Farm Land

I treat my farmland as “other”. With respect to investable assets I am now approximately 50:50 farmland vs liquid investable assets. The liquid asses are currently 75:25 equity: fixed income. I am working toward paying of the small debt (less than 10%) I carry on the farms by building up funds in a...
by not4me
Mon Oct 16, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: First Post (gulp) - Request for Advice on selling inherited home
Replies: 20
Views: 1777

Re: First Post (gulp) - Request for Advice on selling inherited home

As with many things real estate related, the answer is "it depends". Several good ideas have been thrown out here & they'll all work in certain cases & likely not in others. What works in a "hot" area of a larger city won't in a "dying" area in a small town, etc. Since you've got a ballpark idea for...
by not4me
Tue Oct 10, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: Longterm Investing Renewable ETFs
Replies: 14
Views: 770

Re: Longterm Investing Renewable ETFs

OP, you seem to have some question about ETFs separate and apart from whether a sector bet is a good idea. I'll chime in on that part some. You mentioned: doesn't an ETF manager buy up promising start ups and jettison subpar performing companies? The ETF manager will track an index & should make cha...
by not4me
Mon Oct 09, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: what to research on possible "too good to be true" ETF
Replies: 10
Views: 656

Re: what to research on possible "too good to be true" ETF

thanks!, great info! so let's see if I understand this correctly.. So, as long as investors, think more than 50% of the time, that the market will not be too volatile in the short term then this ETF will continue to increase? Whether or not the market IS actually very volatile or not..as long as mo...
by not4me
Mon Oct 09, 2017 10:25 am
Forum: Investing - Theory, News & General
Topic: what to research on possible "too good to be true" ETF
Replies: 10
Views: 656

Re: what to research on possible "too good to be true" ETF

A quick glance only at the etf, but it looks to me that it basically is shorting (betting the opposite direction) of the shortest term "fear index" or Vix. Not exclusively, but mostly larger, professional investors will use options as insurance against possible moves in the index. Those collectively...
by not4me
Fri Oct 06, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: individual stock taxable account emotions
Replies: 21
Views: 2402

Re: individual stock taxable account emotions

I agree with toons...you'll know. I'll throw out a couple of ideas that may help you decide, but they won't work for everyone. I can't say definitively but I think most who buy individual stocks will tell you that the "sell" decision is harder than the "buy". If it were me, a lot of the decision wou...
by not4me
Fri Oct 06, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: Selling burial plots in Alabama
Replies: 14
Views: 1220

Re: Selling burial plots in Alabama

I agree the sites may not be worth much, but it really depends. Many cemeteries are struggling now because labor costs have exceeded projections. So, may explain why they won't lay out cash to buy back. And it may depend on how much the family wants to divest itself of it. In some families, there ca...
by not4me
Thu Oct 05, 2017 1:21 pm
Forum: Investing - Theory, News & General
Topic: Why are international bond yields so low? Or put another way, why are US bond yields so high?
Replies: 6
Views: 568

Re: Why are international bond yields so low? Or put another way, why are US bond yields so high?

I'm far from being the most knowledgeable on this & I'm not aware of the "Law" you cited. It is an economic theory which requires markets to be frictionless. It is almost never true but it is useful in figuring out where inefficiencies lie. A fun example is The Economist Big Mac index. Also read up...
by not4me
Thu Oct 05, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Why are international bond yields so low? Or put another way, why are US bond yields so high?
Replies: 6
Views: 568

Re: Why are international bond yields so low? Or put another way, why are US bond yields so high?

Assuming some overarching "law of one price" governing the cost of debt, why is there such a disparity- and in particular, am I wrong in interpreting this disparity as suggesting that the market views US aggregate debt as significantly riskier , on average, than international debt? I'm far from bei...
by not4me
Wed Oct 04, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Transfer from Family Estate
Replies: 4
Views: 345

Re: Bond Fund Transfer from Family Estate

I would suggest that if you decide to sell the bonds that you should consider the timing of that (depending upon how much latitude the executor has). Grabiner pointed out that the cost basis is the price as of date of death, but I didn't know when that was. It might have been May since that was the ...
by not4me
Tue Oct 03, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Sharecropping & Roth IRA & Social Security
Replies: 7
Views: 580

Re: Sharecropping & Roth IRA & Social Security

A quick answer may be that he can file as a self-employed farmer. But that will place certain requirements on him. Of note would be that he'd have to pay social security tax. What is wrong with paying more social security tax? That could increase his SS benefit. If he doesn't yet have 35 years of a...
by not4me
Tue Oct 03, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Sharecropping & Roth IRA & Social Security
Replies: 7
Views: 580

Re: Sharecropping & Roth IRA & Social Security

I don't expect to be able to ultimately answer to your question & hope you'll get an expert to come along soon. I think they'll need some clarification though. Does your father work the land himself OR rent? If rent, is it crop shares or cash? Also, is he already getting social security? A quick ans...
by not4me
Thu Sep 28, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 5128

Re: Share buybacks vs Dividends

This thread has gotten off track as is always the case with dividend threads. But to get back to the OP's original question, Grabiner explained it perfectly. A comment before this goes the way most do & really for the benefit of those who read later with the intention of understanding...I pulled th...
by not4me
Thu Sep 28, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 5128

Re: Share buybacks vs Dividends

Everywhere I look, share buybacks and dividends are viewed as roughly the same thing but I don't understand how that is. With share buybacks, the company buys its own shares and therefore there are less shares outstanding. The EPS rise and therefore the stock prices rise. With dividends, when the c...
by not4me
Wed Sep 27, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: REITs as "pseudo diversification"
Replies: 44
Views: 3995

Re: REITs as "pseudo diversification"

To me, this is a somewhat broad, general question & the relevance of answers will reflect that. I would suggest a more targeted view when it comes to really putting this into action. I think most on this forum will interpret "individual property ownership" as being a rental -- house, vacation place,...
by not4me
Fri Sep 22, 2017 4:13 pm
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 4139

Re: Oil - Price & Supply/Demand Conundrum

: Should we overweight or underweight the energy sector of our portfolios? I may have missed something subtle here, but couldn't this same question be asked about every sector every day? For example, hit a couple of financial headlines & question whether the financial sector should be over/under? N...
by not4me
Fri Sep 22, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 4139

Re: Oil - Price & Supply/Demand Conundrum

: Should we overweight or underweight the energy sector of our portfolios? I may have missed something subtle here, but couldn't this same question be asked about every sector every day? For example, hit a couple of financial headlines & question whether the financial sector should be over/under? N...
by not4me
Fri Sep 22, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 13168

Re: Any "average Joe" here actually make out well with individual stocks?

I suspect my system will fail in bear market. You may be pleasantly surprised though. Having the discipline to sell may be your best idea. Early on, I decided that when I bought a stock, I would not sell it in the first year. Not just to have tax on gain be long term. I wanted to be sure my mindset...
by not4me
Thu Sep 21, 2017 1:24 pm
Forum: Investing - Theory, News & General
Topic: How an asset with a NEGATIVE return can INCREASE your portfolio's return
Replies: 31
Views: 3309

Re: How an asset with a NEGATIVE return can INCREASE your portfolio's return

if the zero-return asset is volatile and uncorrelated and you're regularly rebalancing. So please remember this every time you hear that a zero-return asset can only hamper portfolio performance. These 2 sentences are the key points to me -- & I'd emphasize the word "only" in the 2nd sentence. I do...
by not4me
Wed Sep 20, 2017 1:29 pm
Forum: Investing - Theory, News & General
Topic: Income from Uncorrelated Commodities
Replies: 26
Views: 1153

Re: Income from Uncorrelated Commodities

I only skimmed the post from nisprius, but I think my thoughts are along the same line. Starting with there not being any "true commodity ETFs" & OP mentioned looking at GLD & SLV...so whether they are ETFs or not (they aren't!), they also are not broad commodity focused. They really don't encompass...
by not4me
Wed Sep 20, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: Income from Uncorrelated Commodities
Replies: 26
Views: 1153

Re: Income from Uncorrelated Commodities

Commodities covers a wide range. Do you have specific ETFs in mind? That to me will have a big bearing or whether it is reasonable, although I expect most reaction you'll get will not be dependent upon that....