Search found 434 matches

by Riprap
Mon Jun 03, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: What personal finance metrics do you track?
Replies: 44
Views: 3346

Re: What personal finance metrics do you track?

I track annual expenses as a percentage of financial assets (not net worth). To track expenses, I use Quickbooks which I have anyway for several business entities. All of our expenses are run through one checking account making it easy to sit down once a month and make all the entries. I have severa...
by Riprap
Tue May 28, 2019 9:30 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Dividend Growth Demystified
Replies: 2
Views: 480

Re: Larry Swedroe: Dividend Growth Demystified

Time for some BH indoctrination.

Altogether now...

we mustn't covet dividends...we mustn't covet dividends...we mustn't covet dividends <in solemn unison chant>
by Riprap
Sun May 26, 2019 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 105
Views: 10737

Re: 4M 70K expenses would you stop?

DW and I have accumulated $3.5 million living on a budget of around $60k per year. I just retired at age 54, she'll probably stop working later this year at age 52. Never got an inheritance or a windfall. Just did it with a decent job, saving a lot, and investing for 30+ years. And no kids. I think...
by Riprap
Fri May 24, 2019 8:30 pm
Forum: Personal Consumer Issues
Topic: Fly cross-country with a cat
Replies: 56
Views: 2123

Re: Fly cross-country with a cat

You also have to consider that if you need to get up and go to the bathroom you would be leaving your cat alone with whatever weirdo you are sitting next to. That could be a risk if you are not traveling with someone else who can watch the cat at all times. Here kitty kitty, I have a nice treat for...
by Riprap
Fri May 24, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: Fly cross-country with a cat
Replies: 56
Views: 2123

Re: Fly cross-country with a cat

Please don’t say not to worry about allergies from a cat or dog. Dander is not my main problem. It is the secretions from skin (which are on dander, and the breath (exhalations) from the animal which causes problems . I wish my problems were only with sneezing. I have problems with breathing. Agree...
by Riprap
Fri May 24, 2019 6:36 pm
Forum: Personal Consumer Issues
Topic: Fly cross-country with a cat
Replies: 56
Views: 2123

Re: Fly cross-country with a cat

There are a lot of people that HATE cats. Hate is a strong word, but they HATE cats. Be prepared for hostility from fellow passengers especially if you're the type that talks to your cat like you would a two year old child.
by Riprap
Sun May 19, 2019 4:23 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

This is not a logical reason to prefer dividends. Presumably you are reinvesting your dividends, so you will lose it all anyway. If you're not reinvesting your dividends, you are using dividends to adjust your asset allocation, which you could do anytime you wish. I'm illogical like a lot of other ...
by Riprap
Sun May 19, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

arcticpineapplecorp. wrote:
Sun May 19, 2019 1:10 pm
Enron, World Com and Lehman Bros. all paid dividends. Are you suggesting dividends are good because you get some of your money back before you lose it all?
Yes.
by Riprap
Sat May 18, 2019 10:34 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market grow faster than the economy?
Replies: 28
Views: 4166

Re: Why does the stock market grow faster than the economy?

I once read where Gus Sauter made a comment that there is little to no correlation between stock prices and the economy. That made a huge impression on me and ever since then pay little to no attention to economic news. Direct quote from Sauter, "The interesting thing is that markets are not correla...
by Riprap
Wed May 15, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

My final thoughts on the subject of dividends, tax efficiency, and the efficient use of cash by management...

"In theory, there is no difference between theory and practice. In practice there is."

Yogi Berra
by Riprap
Wed May 15, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

gilgamesh wrote:
Wed May 15, 2019 10:08 am
Lol, this one is even better...can’t make this stuff up.
Sort of a known unknown, don't ya think? It's known companies are gonna do dumb things only knowable in hindsight. Returning cold hard cash doesn't seem so dumb.
by Riprap
Wed May 15, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

I am not 100% sure where you are coming from but it sounds like you are suggesting that you feel companies that declare larger div's are just better off (in terms of total ROI) in general than companies that do not distribute div's or distribute a lower % of divs???? See? You're just showing what a...
by Riprap
Wed May 15, 2019 9:35 am
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

You do realize you have the ability to "declare" your own dividend anytime you wish and sell off shares if you owned BRK if dividends are your fancy (and at capital gains rates most likely)? When the company declares a dividend on a schedule you have no choice and it is taxed at whatever rate. I li...
by Riprap
Tue May 14, 2019 10:46 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

randomguy wrote:
Tue May 14, 2019 10:40 pm
You chose how either pocket is used. The difference in one case you make the choice. In the other case you let some other person make the choice for you.
Excellent point.
by Riprap
Tue May 14, 2019 10:33 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

The boglehead way is to not invest in individual stocks in most part. So you do not have a choice of not buying a particular stock if it is part of SPY or any other S&P 500 tracking fund. I was reading somewhere today of how a lot of companies misuse buybacks to reward their CEOs extravagantly and ...
by Riprap
Tue May 14, 2019 10:30 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

Would the company have maintained a higher share price if it hadn't paid out millions in dividends to it's shareholders? Wouldn't the total return have been about the same then? You could just sell some of your appreciated shares to "create your own dividend" at a time when it is most tax efficient...
by Riprap
Tue May 14, 2019 10:21 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

If you believe the management is on average "squandering" the money that would be better off paid out as dividends, you really shouldn't be buying the stock of that company at all (or at a minimum be petitioning the board to change the management). The squandering is normally revealed after the fac...
by Riprap
Tue May 14, 2019 10:02 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

It's not that people here don't like dividends, they just realize that they are nothing more than taking a couple bucks out of your right pocket and putting it in your left pocket (and possibly paying taxes on it). That's your take. If it stays in your right pocket, it's your cash but someone else ...
by Riprap
Tue May 14, 2019 9:39 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7342

Re: Dividends almost Doubled between 2013 and now

Shsssh! Don't tell anyone. Besides, being a fan a dividends here is heresy.
by Riprap
Sun May 12, 2019 10:47 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein first guest on new weekly Morningstar Podcast
Replies: 25
Views: 3558

Re: William Bernstein first guest on new weekly Morningstar Podcast

At the moment, the US seems to be cheaper than foreign. :confused I was under the impression US was expensive relative to foreign based on a quick check of P/Es of various Vanguard Funds. I know plenty of folks dismiss P/Es so maybe it's an outdated valuation parameter but at least on a relative ba...
by Riprap
Thu Feb 28, 2019 9:44 pm
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 147
Views: 14377

Re: Why does dividend investing not work?

What’s the difference between a 10% total return of a stock and a 10% rise in a non-dividend paying stock in taxable? You pay tax on dividends in the first case but not in the second. So I guess if your goal is to pay more in taxes, go for those dividend payers This is simply not true in many cases...
by Riprap
Thu Feb 28, 2019 9:00 pm
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 147
Views: 14377

Re: Why does dividend investing not work?

What’s the difference between a 10% total return of a stock and a 10% rise in a non-dividend paying stock in taxable? You pay tax on dividends in the first case but not in the second. So I guess if your goal is to pay more in taxes, go for those dividend payers This is simply not true in many cases...
by Riprap
Sun Feb 03, 2019 11:39 am
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3254

Re: Besides your core.. anyone also hold a play account?

Nope...learned my lesson in commodity futures. It was a lesson in humility. The tuition was sort of expensive too.
by Riprap
Sat Feb 02, 2019 10:01 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 517
Views: 36358

Re: Larry Swedroe: 3% is the new 4%

What's his rationale? Not interested in listening.
by Riprap
Thu Jan 17, 2019 8:09 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 51505

Re: John Bogle has died at age 89

Thank you Mr. Bogle. Without your vision, my family and I likely would not have achieved our financial and life goals.
by Riprap
Tue Jan 08, 2019 10:21 am
Forum: Investing - Theory, News & General
Topic: January "Bogleheads on Investing" podcast with Gus Sauter now available
Replies: 32
Views: 3462

Re: January "Bogleheads on Investing" podcast with Gus Sauter now available

Nice interview.

Thanks for asking about the concentration of proxy votes among a few institutional firms issue. :beer
by Riprap
Sun Jan 06, 2019 4:06 pm
Forum: Investing - Theory, News & General
Topic: Gus Sauter: the next "Bogleheads on Investing" podcast guest
Replies: 28
Views: 2459

Re: Gus Sauter: the next "Bogleheads on Investing" podcast guest

Ask if he shares Jack Bogle's concern over the concentration of corporate voting power by a few shareholders like Vanguard, Blackrock, Fidelity etc. To me, this seems to be a real threat to the long term viability of the concept of passive investing. Also, is there a long term trend away from public...
by Riprap
Sun Jan 06, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 6231

Re: How do you view a savings surplus in retirement?

I view a surplus as retained earnings. I'm probably an oddball, but I view my investment portfolio as a business.
by Riprap
Sun Jan 06, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8605

Re: What Do You Spend The Most On Annually?

Health insurance premium was by far last year's number one expense. It amounted to 20.4% of total expenses.
by Riprap
Sun Jan 06, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: USAA apology letter?
Replies: 42
Views: 6513

Re: USAA apology letter?

There was an article in Saturday's WSJ with the headline, "USAA to pay $12 Million in restitution to customers, $3.5 Million fine" In a nutshell, the action is related to USAA's failure to stop automated payments when asked to by banking customers. The bank is expected to provide $181.59 to each of ...
by Riprap
Tue Jan 01, 2019 12:27 pm
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 16
Views: 1442

Re: The Intelligent Investor

Chapter 8 which includes the discussion of Mr. Market is timeless.
by Riprap
Sun Dec 30, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: Questions for the BH “All Stars”
Replies: 23
Views: 2180

Re: Questions for the BH “All Stars”

I'm not an "All Star" but... Over time I've grown to believe that the mechanics of successful investing are pretty simple. The previous posters have pointed you in the right direction. However, successful investing is not easy for a lot of people because we're human, especially for those who want a ...
by Riprap
Sun Dec 30, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Dividend Stocks Mitigate Secular Bear Markets?
Replies: 43
Views: 3193

Re: Dividend Stocks Mitigate Secular Bear Markets?

did it take into account taxes on the dividends if in a taxable acct The amount lost to qualified dividends in a taxable account isn't as onerous as one might think, especially for retirees. A few minutes playing around with any of the free income tax estimators will quickly show how it could affec...
by Riprap
Sat Dec 22, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: What does dividend season mean and does it apply to indexers?
Replies: 9
Views: 1250

Re: What does dividend season mean and does it apply to indexers?

Dividend season to me means comparing this year's total dividend income stream to last year's. For me, it's an increase of 10.9%, handily outpacing inflation using nothing but index/passive mutual funds. I know it's practically heresy here at Bogleheads to think in terms of dividend income. I do und...
by Riprap
Fri Dec 14, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: NPR On Point: Stock Market Distress Signal: How Low-Cost Index Funds Are Taking Over
Replies: 26
Views: 4455

Re: NPR On Point: Stock Market Distress Signal: How Low-Cost Index Funds Are Taking Over

Why can't Vanguard simply say "enough"? No more new clients.

What is the point of growing ever larger and larger?

The expense ratios make holding index funds practically free as it is. Doesn't seem like there would be much detriment to existing shareholders.
by Riprap
Sat Dec 01, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Stock Buybacks Don't Increase Share Prices
Replies: 33
Views: 2877

Re: Stock Buybacks Don't Increase Share Prices

A company that buys back it shares has less outstanding shares to spread the same earnings over than before the repurchase. All else being equal, the earnings per share increases. One method of valuing a company is to discount the future earnings per share to present value. It follows then that if f...
by Riprap
Tue Nov 06, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 51
Views: 4005

Re: Paper or Paperless? How and what financial records do you keep?

We're all hosed if .pdf format becomes obsolete. I'm kind of joking and kind of not. Something I do think about. VHS anybody?
by Riprap
Tue Nov 06, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 51
Views: 8468

USAA getting out of mutual fund biz

In an email from USAA... "USAA is pleased to select Victory Capital, an investment industry leader, to acquire the USAA Asset Management Company, which includes our Mutual Fund and ETF businesses as well as the USAA 529 College Savings Plan." I have a small amount in USAA's muni bond funds and money...
by Riprap
Sat Oct 06, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: 2018 Bogleheads Conference Notes
Replies: 36
Views: 5887

Re: 2018 Bogleheads Conference Notes

Thanks to those who make the extra effort to share with those of us who can't attend. I look forward to reading the notes and watching the videos each year.
by Riprap
Wed Oct 03, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: Dentist bill came 4-5 months later, is this unreasonable?
Replies: 28
Views: 2374

Re: Dentist bill came 4-5 months later, is this unreasonable?

Do the right thing, pay the bill. If your SO used the dentist's time, he deserves to be paid regardless of sloppy billing.
by Riprap
Fri Jul 13, 2018 9:35 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3778
Views: 1088066

Re: What Book Are You Currently Reading? Part VI

"The Bonanza King: John Mackay and the Battle over the Greatest Riches in the American West" by Gregory Crouch Fascinating history of the Comstock Lode and the path leading to one of the largest fortunes in American history. John Mackay displays a lot of Boglehead qualities. A fantastic rags to rich...
by Riprap
Fri Jul 13, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: What are you learning or studying?
Replies: 112
Views: 9786

Re: What are you learning or studying?

jbmitt wrote:
Tue Jul 10, 2018 5:56 pm
Well down. I'm working towards earning my PPL, and then hoping to earn additional certificates and ratings. Glad to see other aviation enthusiasts.
Good luck with the private pilot. Clear skies and tailwinds!
by Riprap
Fri Jul 13, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 100
Views: 16320

Re: Six stocks make up 98% of S&P 500 gains in 2018

wolf359 wrote:
Wed Jul 11, 2018 9:56 am
Also known as the Pareto Principle.
Well...I had to Google that one. Funny how you can get completely sidetracked for 30 minutes. At least I learned something new. :beer
by Riprap
Sat Jun 30, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: What are you learning or studying?
Replies: 112
Views: 9786

Re: What are you learning or studying?

Aviation.

I managed to get a flight instructor certificate and the instrument rating on that certificate during the last year. It took a lot of studying and learning how to teach. It was very challenging for me.
by Riprap
Wed Jun 13, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: Share buy back programs- the new dividend?
Replies: 6
Views: 712

Re: Share buy back programs- the new dividend?

How do you factor in this with stock valuations? I don't. I buy index funds and don't worry about it. Is capital being used in this manner to artificially inflate the price of a lot of stocks or is it considered an investment back into the company? Who knows? Depends on the company. Warren Buffett ...
by Riprap
Wed Jun 13, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Why market drop when Fed announced rate increase?
Replies: 19
Views: 2821

Re: Why market drop when Fed announced rate increase?

In theory, the value of a stock is it's future cash flows discounted to the present. If interest rates rise, then so does the discount factor which makes future cash flows less valuable today.
by Riprap
Wed Jun 13, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 124537

Re: Anyone regret paying off mortgage early?

acegolfer wrote:
Sat Jun 02, 2012 6:38 pm
If you have paid off mortgage early, have you ever regretted your decision and why?
No. I like the peace of mind that comes from being debt free.