Search found 1790 matches

by patrick013
Sun Oct 22, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Consultant/Strategists
Replies: 4
Views: 327

Re: Tax Consultant/Strategists

The Boglehead Wiki is quite resourceful -

Outline of tax considerations for investors - Bogleheads

I usually go to HR Block, they have an advanced preparation service which
will do consulting.
by patrick013
Sun Oct 22, 2017 1:06 pm
Forum: Investing - Theory, News & General
Topic: When one reaches the 1 million mark what to do with all the money?
Replies: 30
Views: 4835

Re: When one reaches the 1 million mark what to do with all the money?

OP's question about hacking is the only one that really worries me much. Best security I've seen is a little plastic device given to the account holder only. It gives a password when you log in, a different password every time sync'd with the broker's computer. Battery powered. Only breached once a...
by patrick013
Sat Oct 21, 2017 9:31 pm
Forum: Investing - Theory, News & General
Topic: Calculator - pretax vs aftertax plans
Replies: 8
Views: 446

Re: Calculator - pretax vs aftertax plans

If your estimate of your retirement marginal tax rate is less
than your accumulation marginal tax bracket then pre-tax is
desirable.
by patrick013
Sat Oct 21, 2017 8:40 pm
Forum: Investing - Theory, News & General
Topic: When one reaches the 1 million mark what to do with all the money?
Replies: 30
Views: 4835

Re: When one reaches the 1 million mark what to do with all the money?

One investor will say I've got $1 M now so I can go 25% stocks and preserve the money and income I need. The other investor will say I have $1 M so now I can take more risk. That investor will stay 25% bonds as they feel whatever happens they have enough money to get by and further risks will produc...
by patrick013
Sat Oct 21, 2017 7:09 pm
Forum: Investing - Theory, News & General
Topic: Just starting checking out Bonds. Head hurts a bit.
Replies: 12
Views: 1253

Re: Just starting checking out Bonds. Head hurts a bit.

Smart Bond Investing

Here's another short bond guide.

Best bonds going forward would be a 5 year CD ladder IMO.
by patrick013
Fri Oct 20, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Has the general public ever been correct about market crashes?
Replies: 40
Views: 2586

Re: Has the general public ever been correct about market crashes?

This may be one time a high market doesn't result in a major correction, and could run thru to a secondary business cycle. But who is clairvoyant ? The general public at least has an opinion. But here's what G.C. Selden said in 1912. The greatest fault of ninety-nine out of one hundred investors is ...
by patrick013
Fri Oct 20, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Convert taxable to pre-tax?
Replies: 5
Views: 370

Re: Convert taxable to pre-tax?

Does it make sense to trade 25% income tax for 15% capital gains on half as much money, and then pay probably 25% (as a guess) on the appreciated amount at retirement? Kinda in the middle. It's wise to max out retirement accounts especially tax deferred. They're better investments long term. If you...
by patrick013
Fri Oct 20, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice for Bond Investment
Replies: 4
Views: 482

Re: Need Advice for Bond Investment

Given the current market, economy and interest rates, what do you suggest regarding investing these funds in bonds. 100% in VBTLX now, dollar cost average into VBTLX or other. I have never owned bonds or bond mutual funds and all input is welcome. You didn't tell us your tax rate so if considering ...
by patrick013
Fri Oct 20, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: "Using Jack Bogle's own words against him when it comes to international investing"
Replies: 30
Views: 3601

Re: "Using Jack Bogle's own words against him when it comes to international investing"

I think international profits depend alot on their exports, amongst themselves and the US. Their internal economies aren't geared up as much as they could be and appear to have rather sporadic returns when exports don't materialize. Here's some other negatives which just point to smaller economies o...
by patrick013
Thu Oct 19, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 200
Views: 14809

Re: Dividends vs. Capital Gains for Spending Needs?

That being said, would it be the case that a company like Berkshire with no dividend would be valued based off hazy potential future payoffs in the distant future, while a company with an unsustaniably high dividend would be valued with the assumption that the dividend will stop or be cut at some p...
by patrick013
Thu Oct 19, 2017 12:44 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 200
Views: 14809

Re: Dividends vs. Capital Gains for Spending Needs?

It took a while, but I finally got a chance to read over, in its entirety, Modigliani and Miller's "Dividend Policy, Growth, and the Valuation of Shares". It was long and the math was difficult, but ultimately things are spelled out very clearly. Given the assumptions specified in the paper, the am...
by patrick013
Wed Oct 18, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 106
Views: 6266

Re: How does everyone keep track of your portfolio?

www.stockrover.com deserves some mention.

Plenty of customizable views and a free account. Either
manual or hooked up to broker accounts. Can sort major
indexes with the free account. Data information appears
to be current.
by patrick013
Wed Oct 18, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: The overselling of international diversification
Replies: 56
Views: 4795

Re: The overselling of international diversification

Recently internationals have shown increased revenues, profits, and most importantly increased exports. ...and by the time you see this it's too late to profitably invest. That's why I invest in everything, all the time, the Total Market. That's the philosophy Bogle and his followers originally rec...
by patrick013
Tue Oct 17, 2017 4:48 pm
Forum: Investing - Theory, News & General
Topic: The overselling of international diversification
Replies: 56
Views: 4795

Re: The overselling of international diversification

Recently internationals have shown increased revenues, profits, and most importantly increased exports. I think increased exports is very important as many of those economies are smaller than the US economy and therefore depend on exports for bullish economic results. With the info available that's ...
by patrick013
Tue Oct 17, 2017 3:19 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 200
Views: 14809

Re: Dividends vs. Capital Gains for Spending Needs?

Well if I pay 33% federal tax interest rec'd pays that amount. If I acquire a qualified dividend fund I would pay 15% federal tax on dividends rec'd and still have equity exposure, low beta, and a 4% income. Now that's bias towards income receipts but doesn't really affect my long stock allocation ...
by patrick013
Tue Oct 17, 2017 2:12 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 200
Views: 14809

Re: Dividends vs. Capital Gains for Spending Needs?

Well if I pay 33% federal tax interest rec'd pays that amount. If I acquire a qualified dividend fund I would pay 15% federal tax on dividends rec'd and still have equity exposure, low beta, and a 4% income. Now that's bias towards income receipts but doesn't really affect my long stock allocation w...
by patrick013
Mon Oct 16, 2017 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1946

Re: Bonds v. bond funds

I'd start a 5 year CD ladder. Of all the investments out there it will give better results if interest rates rise or rise at a higher rate. Every year a CD matures and is renewed at a higher rate or partially spent as well with no capital loss. 5 year CD rates have been very good the last several ye...
by patrick013
Mon Oct 16, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 106
Views: 6266

Re: How does everyone keep track of your portfolio?

This is kind of refreshing. Free account has 10 securities, no
access to anything, a tax and a performance report. And no
spreadsheet. Should be good for some index fund tracking.

Portfolio Tracker - Sharesight
by patrick013
Mon Oct 16, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12175

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

Bogle is for indexing vs active management for pragmatic reasons, the evidence shows and logic dictates indexing is usually going to beat active management. However, he isn't blind, and he isn't dumb, and has stated on numerous occasions he thinks market returns will be low over the next decade - p...
by patrick013
Mon Oct 16, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: WiFi [extender]
Replies: 56
Views: 4383

Re: WiFi [extender]

16dBi 2.4 GHzRP-SMA Wireless WLAN Antenna You need a router with a removable antenna and place router in central location. I think the 16 dbi gain is accurate and could be too high if not placed in a central location. For just a few bucks I thought it was worth a try. The one below is over a foot h...
by patrick013
Sat Oct 14, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable or tax advantaged?
Replies: 11
Views: 1001

Re: Bonds in Taxable or tax advantaged?

Most people in CA have some allocation into CA muni bonds or
CA muni money market fund is used. Check the VG fund lists.

also,

http://myphotos.mypclinuxos.com/images/ ... eturns.png
by patrick013
Sat Oct 14, 2017 5:23 pm
Forum: Investing - Theory, News & General
Topic: Offensive Valuations
Replies: 45
Views: 4128

Re: Offensive Valuations

Another issue is that impairment of assets have to be reflected on the financial statements, goodwill isn't the only such asset. Most of the companies I worked for had low book values for fixed assets so doesn't seem like a problem. Prior values for fixed assets were matched with prior revenues. If...
by patrick013
Fri Oct 13, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: Offensive Valuations
Replies: 45
Views: 4128

Re: Offensive Valuations

Another issue is that impairment of assets have to be reflected on the financial statements, goodwill isn't the only such asset. Most of the companies I worked for had low book values for fixed assets so doesn't seem like a problem. Prior values for fixed assets were matched with prior revenues. If...
by patrick013
Thu Oct 12, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: Offensive Valuations
Replies: 45
Views: 4128

Re: Offensive Valuations

Keep in mind that changes in Generally Accepted Accounting Principles have created a more conservative definition of earnings over time. Today's P/E is not your father's P/E! Larry Swedroe estimates these changes could be as much as 4 points on the P/E. If S&P Forward Estimated P/E is about 20, the...
by patrick013
Thu Oct 12, 2017 6:41 pm
Forum: Personal Consumer Issues
Topic: WiFi [extender]
Replies: 56
Views: 4383

Re: WiFi [extender]

I used a 10db gain antenna for awhile. If centrally located it will transmit/receive thru most houses, or even a higher gain antenna. Try eBay. Had some devices that plugged into the wall electrical outlet and were supposed to use the electrical wiring in the house like ethernet, no speed loss, but ...
by patrick013
Thu Oct 12, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor - Introduction
Replies: 8
Views: 594

Re: New Investor - Introduction

Tax-efficient Fund Placement

I would use the above wiki info for fund placement.
by patrick013
Thu Oct 12, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying portfolio
Replies: 43
Views: 3423

Re: Simplifying portfolio

Some of the funds have large gains and are in taxable accounts so I do not want to liquidate these yet. That is always a problem. How much total LTCG is there ? You probably want a moderate allocation - 50% stocks - or a very conservative allocation - 25% stocks. Taking gains over a few years into ...
by patrick013
Wed Oct 11, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Offensive Valuations
Replies: 45
Views: 4128

Re: Offensive Valuations

When in doubt, keep out of the
market. Delays cost less than losses.

But you'll find plenty of people staying
the course.

I always focus on the earning power of the corporations
in this case the 500 and the relation of current prices to
the situation at hand.
by patrick013
Wed Oct 11, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Factor investing: should financial firms be excluded when screening for value?
Replies: 31
Views: 1477

Re: Factor investing: should financial firms be excluded when screening for value?

I was also making a point about "enterprise value" or "going concern value" that the accountants can't capture. Not their job anyway, just provide information for decision making. Rating, ranking, and pricing companies in the market is for buyers and sellers. Current account balances is all they ne...
by patrick013
Wed Oct 11, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: Factor investing: should financial firms be excluded when screening for value?
Replies: 31
Views: 1477

Re: Factor investing: should financial firms be excluded when screening for value?

Perhaps a follow-up question would be: is there a good book or video or whatever to learn about balance sheets and financial statements in general? Something about financial ratios would be a good start. Within an industry there are averages. Quick ratio all the way to return on equity. The PE Meth...
by patrick013
Tue Oct 10, 2017 8:27 pm
Forum: Investing - Theory, News & General
Topic: Factor investing: should financial firms be excluded when screening for value?
Replies: 31
Views: 1477

Re: Factor investing: should financial firms be excluded when screening for value?

These and other things like intellectual property are difficult for accountants to measure which is why you see a big difference between what in theory is liquidation value and the value put on a company by the stock market. In other words, a business is worth more than the sum total of its assets ...
by patrick013
Tue Oct 10, 2017 8:06 pm
Forum: Investing - Theory, News & General
Topic: Factor investing: should financial firms be excluded when screening for value?
Replies: 31
Views: 1477

Re: Factor investing: should financial firms be excluded when screening for value?

Good point about comparability. US Bancorp is considered to be a financially strong bank, its balance sheet is 10% equity and 90% liabilities. But that is just looking at what the accountants say that US Bank is worth about $48 billion but the market values it at $90 billion. US Bank has a trailing...
by patrick013
Tue Oct 10, 2017 6:20 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 86
Views: 7135

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

Well congratulations to them all. It seems very rare still a
candidate from a state university has won. Don't know. Like
the Big Ten for example. But several of those schools are not
state university's.
by patrick013
Tue Oct 10, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Portfolio please
Replies: 6
Views: 692

Re: Help with Portfolio please

Where I'm getting stuck is what/how to do the bond portion. I'm starting to think I'm overthinking the whole situation and should just go with something really simple. The odds that I will run out of money in this lifetime are almost nil and, thus, it probably doesn't matter that much . . . it migh...
by patrick013
Tue Oct 10, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Factor investing: should financial firms be excluded when screening for value?
Replies: 31
Views: 1477

Re: Factor investing: should financial firms be excluded when screening for value?

Should financials be present or excluded when selecting value stocks using quantitative methods, and why? Perhaps the index screening has selected banks and financials with very strong forward estimates. Bank failures have been market problems for centuries. If they are excluded that's one reason.
by patrick013
Tue Oct 10, 2017 1:10 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 86
Views: 7135

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

But, still waiting for Bogle to get the nod. Yes, it would be nice if Mr. Bogle was awarded a Nobel Prize, but it would probably break Vanguard as they tried to keep up with new business. The prize was awarded 6 times to someone from U of C. It's almost like they have an exclusive on the Nobel priz...
by patrick013
Tue Oct 10, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12175

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

I like being reminded that when the market index PE's are over 25 it's a good time to rebalance and pay some taxes capturing gains to bonds. Even making a 70-30 portfolio a 60-40 portfolio or a 60-40 portfolio a 50-50 portfolio depending on needs. I still think his bonds are 50% short term and 50% I...
by patrick013
Mon Oct 09, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: What is a “bond bubble”?
Replies: 35
Views: 3232

Re: What is a “bond bubble”?

One senior government analyst sees the 1% spread of TRSY 10 over the FFR to continue indefinitely due to high demand. Doesn't matter if the FFR is 1% or 3%. Due to high demand. Treasury notes and bonds held by investors are expected to reach 100% of GDP in just a few years. Other countries may have ...
by patrick013
Sun Oct 08, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 200
Views: 14809

Re: Dividends vs. Capital Gains for Spending Needs?

One good argument for dividends is that companies with too much cash are tempted to make acquisitions that turn out to be unprofitable for the firm. Acquisitions gone bad can actually destroy value. If a company has more cash than it can reinvest in its own business, then it is better to return the...
by patrick013
Sun Oct 08, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4196

Re: measurement of success of investment(s)

Also, if you want to be "traditional" and use an index that has fewer stocks than the total market, yet is widely quoted, why not go with the Dow 30? I feel that it, like the S&P 500, is a fairly archaic index that is interesting historically but has probably been outmoded by TSM or Total World... ...
by patrick013
Sat Oct 07, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 200
Views: 14809

Re: Dividends vs. Capital Gains for Spending Needs?

There are two differences between the "regular" Portfolio 1 and the "dividend-tilted" Portfolio 2. First, portfolio 2 includes 10% of the Total Stock allocation in a dividend fund. Not going to work. You need a dividend fund that is yield weighted or equal weighted. Unfortunately few if any exact m...
by patrick013
Fri Oct 06, 2017 6:37 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4196

Re: measurement of success of investment(s)

The market portfolio for an investor who does not wish to be home biased is the Total World Stock index. Rather unconvincing. All those value traps buried in static statistics. Has no utility to me for investment comparison. A beta statistic based on that index won't be any good at all. Sorry. Fine...
by patrick013
Fri Oct 06, 2017 6:13 pm
Forum: Investing - Theory, News & General
Topic: Dividend yield vs. 10 year gov't bond
Replies: 10
Views: 916

Re: Dividend yield vs. 10 year gov't bond

When bond yields increase money will move from dividend stocks to bonds and dividend stock prices may decline. But right now a 4% dividend yield, a total return higher than the market portfolio, and much less volatility makes some dividend funds appealing. This is the mindset that worries me. I agr...
by patrick013
Fri Oct 06, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4196

Re: measurement of success of investment(s)

triceratop wrote:
Fri Oct 06, 2017 5:03 pm
The SP500 is a fairly good proxy of the US equity market.
Then we are in complete agreement. Ask any other firm in the
country. It is the US market portfolio. VG's statisticians sure
do have some other ideas.
by patrick013
Fri Oct 06, 2017 5:01 pm
Forum: Investing - Theory, News & General
Topic: Withdrawals: Maybe Write Capital & Cash vs. Dividends & Capital Gains?
Replies: 9
Views: 405

Re: Withdrawals: Maybe Write Capital & Cash vs. Dividends & Capital Gains?

Well a stock fund that has 7% TR and a dividend fund that has
7% TR shows that the dividend fund would have to earn 8% TR
to really out pace the stock fund after taxes. Many do earn 8%
TR while the stock fund earns 7% but the dividend fund needs to
be in a Roth. Only good place for it.
by patrick013
Fri Oct 06, 2017 4:15 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4196

Re: measurement of success of investment(s)

staythecourse wrote:
Fri Oct 06, 2017 4:08 pm

Yes I agree sp500 is GREAT proxy of the US equity market return as a whole
Aha, then we are in complete agreement.
by patrick013
Fri Oct 06, 2017 4:01 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4196

Re: measurement of success of investment(s)

If you are comparing yourself to an arbitrary benchmark then you are in essence INDUCING frame of reference risk. There are qualitative reasons the 500 is the market portfolio. Pragmatically it is accepted nationally as such. As the 500 goes so goes the market... Internally VG can use whatever it w...
by patrick013
Fri Oct 06, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: Dividend yield vs. 10 year gov't bond
Replies: 10
Views: 916

Re: Dividend yield vs. 10 year gov't bond

When bond yields increase money will move from dividend stocks
to bonds and dividend stock prices may decline. But right now a
4% dividend yield, a total return higher than the market portfolio,
and much less volatility makes some dividend funds appealing.
by patrick013
Thu Oct 05, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: accounting software for churches?
Replies: 22
Views: 1410

Re: accounting software for churches?

It depends on what you have. If you need payroll plus alot
of A/P I still think PeachTree has alot of headroom if needed.
eBay has a 2010 version for $39.00 The new version by
Sage can cost $1000 per year.