Search found 395 matches

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: 50
Views: 3562

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: 30
Views: 3757

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: 5268

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: 2258

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: 3408
Views: 1014981

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: 9316

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: 15792

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: 9316

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: 669

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: 2697

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: 114047

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.
by Riprap
Mon Jun 11, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Buffer
Replies: 24
Views: 2473

Re: Dividend Buffer

I suspect history won't repeat itself because of the tax benefits of stock buybacks and the increasing prominence of tech companies that only pay a pittance in dividends, and only at the end of a sword, e.g. Apple. Well then, let's just look at Apple. I will go back to Aug 2014 when they paid $.47/...
by Riprap
Mon Jun 11, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Buffer
Replies: 24
Views: 2473

Re: Dividend Buffer

SP500 dividend yield is actually below the rate of inflation. While that statement might be true, what matters is whether the rate of increase in dividends exceeds the rate of inflation. Historically speaking, it has. Though I haven't seen any studies, I would suspect the dividend growth rate is hi...
by Riprap
Sun Jun 03, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 82941

Re: How much money do you want to retire?

AlphaLess wrote:
Sun Jun 03, 2018 6:57 pm
Time to pull out more abstract numbers now.
$6.02214 X 10^23 ought to do nicely.
by Riprap
Fri May 11, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Living off Dividends of Vanguard Total Stock
Replies: 49
Views: 7296

Re: Living off Dividends of Vanguard Total Stock

What does everyone think of retiring when you can live off of the Dividends of the Vanguard Total Stock Market Index, and having 100% in stocks? If you can live off of 2% dividend yield then you don't need stocks at all. Just lock in 30-year Treasury at 3.15% and you're done. OP, I would seriously ...
by Riprap
Thu May 10, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Living off Dividends of Vanguard Total Stock
Replies: 49
Views: 7296

Re: Living off Dividends of Vanguard Total Stock

I don't think it's a bad idea under certain circumstances. A lot business owners have 100% of their net worth in their business which generates income to live on. That income can fluctuate with the economy. Not a whole lot of difference IMO...if you have the temperament to weather the market's ups ...
by Riprap
Tue May 08, 2018 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Living off Dividends of Vanguard Total Stock
Replies: 49
Views: 7296

Re: Living off Dividends of Vanguard Total Stock

I don't think it's a bad idea under certain circumstances. A lot business owners have 100% of their net worth in their business which generates income to live on. That income can fluctuate with the economy. Not a whole lot of difference IMO...if you have the temperament to weather the market's ups a...
by Riprap
Tue Aug 01, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA: if known result, why complete?
Replies: 44
Views: 3566

Re: FAFSA: if known result, why complete?

I never filled out FAFSA and my child never applied for a scholarship...yet received an academic scholarship for a large instate university anyway. The amount covered roughly 85% of tuition provided GPA remained at 3.00 or better. BTW, the scholarship was used for all eight semesters and now child h...
by Riprap
Sun Jul 30, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: Ever been sued?
Replies: 12
Views: 2313

Re: Ever been sued?

Many lawsuit settlements include a non-disclosure agreement which may mean that many people that were in lawsuits would not respond to this thread. While the outcome and disposition of the case might be subject to a non-disclosure agreement, the lawsuit itself is a matter of public record. Small to...
by Riprap
Sun Jul 30, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: Ever been sued?
Replies: 12
Views: 2313

Re: Ever been sued?

Yes. Lawyer(s) from homeowner's insurance company took care of the whole mess. The plaintiff's case was so weak, a settlement wasn't even considered. It was a non event for me. After filing the initial claim and providing the information the insurance company requested, I wasn't even involved. I got...
by Riprap
Thu Apr 13, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 11037

Re: Extreme Frugality vs Living Life - Where do you draw the line?

At what point does frugality become counter productive ? I don't think there's anything extremely frugal about a billionaire choosing to own only one home. Bad example. I thought it was widely known that Buffett had a "beach" home in Socal. http://www.mercurynews.com/2017/02/20/warren-buffett-selli...
by Riprap
Wed Dec 21, 2016 11:36 am
Forum: Investing - Theory, News & General
Topic: Sudden increase in VG TSM dividend
Replies: 19
Views: 3430

Re: Sudden increase in VGTSM dividend

Sorry for posting the wrong link. :oops:

As Emily Litella was known to say, "nevermind"

https://youtu.be/OjYoNL4g5Vg
by Riprap
Tue Dec 20, 2016 6:56 pm
Forum: Investing - Theory, News & General
Topic: Sudden increase in VG TSM dividend
Replies: 19
Views: 3430

Re: Sudden increase in VGTSM dividend

That link shows quarterly dividends that range from $14.10 to $16.63. Mine just jumped from 2K to 3K!! The dividend for Dec 2016 is $.123/share versus $.110/share in Dec 2015 for a 11.82% increase. I think the numbers you may be looking at are the NAV for the shares. You need to consider new purcha...
by Riprap
Tue Dec 20, 2016 5:02 pm
Forum: Investing - Theory, News & General
Topic: Sudden increase in VG TSM dividend
Replies: 19
Views: 3430

Re: Sudden increase in VGTSM dividend

Seems reasonably consistent to me compared to prior year's quarters with some modest growth.

https://personal.vanguard.com/us/funds/ ... =INT#tab=4
by Riprap
Fri Dec 16, 2016 9:16 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3408
Views: 1014981

Re: What Book Are You Currently Reading? Part VI

The Fleet at Flood Tide: America at Total War in the Pacific, 1944-1945 by James D. Hornfischer.

Currently 4.5 stars from Amazon reviewers.
by Riprap
Mon Dec 05, 2016 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 166
Views: 26284

Re: Retirement with $8M in investments

At 53, with relatively high market valuations and three kids to send to college (and help with grad school perhaps?), I think it's a big mistake to tap into principal right now in oreder to spend 4% of your investments. However, it's not as simple as some suggest. This^ My guess is you're soul searc...
by Riprap
Mon Dec 05, 2016 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 166
Views: 26284

Re: Retirement with $8M in investments

Leaving whether or not you're wealthy aside, you're correct to carefully consider your moves in the context of the lifestyle you want to live. If you blow your investment portfolio by spending beyond your means, divorce, lawsuit etc., you'll likely never recover. Preventing catastrophic mistakes is ...
by Riprap
Mon Nov 28, 2016 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 10750

Re: Why does the car dealer say leasing is cheaper than buying?

jabberwockOG wrote:negotiating and executing a smart car purchase (which is also extremely difficult for most consumers to pull off).
Just curious, what is a smart car purchase in your opinion?
by Riprap
Sun Nov 27, 2016 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 10750

Re: Why does the car dealer say leasing is cheaper than buying?

I have never leased, but this seems like a simple NPV calculation. Discount cash flows (lease payments) and terminal value(s) to present.
by Riprap
Sun Nov 27, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning to Distribution Phase
Replies: 10
Views: 2232

Re: Transitioning to Distribution Phase

Well...I guess I totally misunderstood what the OP was asking. It seemed like the matter of asset allocation was settled and presumably as a CPA wasn't asking about tax considerations. I thought he was asking about the process of moving money from point A to point B. :oops:
by Riprap
Sat Nov 26, 2016 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning to Distribution Phase
Replies: 10
Views: 2232

Re: Transitioning to Distribution Phase

I always use money market accounts to fund cash transfers. All my dividends in taxable accounts are directed to a money market account. I would estimate how much cash you will need on a monthly basis and then use the distribution yield report by the fund to see if the cash flow will be adequate. If ...
by Riprap
Tue Nov 15, 2016 8:38 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 16980

Re: Muni bonds are getting killed. Are you bailing out?

There is some trickiness involved with selling muni bonds at a loss: If tax-free interest is received on shares held 6 months or less, which is subsequently sold at a loss, then the basis of the shares must be decreased by the amount of the exempt interest in calculating the loss (on Form 8949, Sale...
by Riprap
Fri Nov 11, 2016 9:16 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 333
Views: 71088

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

People who have "stealth wealth" probably created it themselves. They place a high emphasis on value. Examples: a time piece still gives the time regardless of the cost whether it's from the ubiquitous cell phone or a luxury watch. A plain home provides the same shelter as a McMansion. A well worn p...
by Riprap
Fri Nov 04, 2016 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 9607

Re: Frustrated with Health Insurance Premiums for 2017

If someone can't afford health insurance because they don't have a job, then the solution is quite simply to get a job. If it's just an inconvenience for them because it is taking up cashflow, then you won't find much sympathy anywhere. There are places where there will likely be no ACA policies av...
by Riprap
Fri Nov 04, 2016 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 9607

Re: Frustrated with Health Insurance Premiums for 2017

Can you somehow create your own risk pool? I wonder if a group of folks in this category could create an entity whose sole business is to sell access to the group. Each member who buys access to the group is also an employee who does nothing. The only employee benefit would be health insurance. I h...
by Riprap
Fri Nov 04, 2016 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 9607

Re: Frustrated with Health Insurance Premiums for 2017

blueberry wrote:If you don't like ACA get a job with an employer that provides or subsidizes (with invisible gov't subsidy) insurance. How simple is that?
So your solution for someone who doesn't need or want a job is to get a job to have access to insurance. Brilliant. Thanks for the helpful advice. :beer
by Riprap
Fri Nov 04, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 9607

Re: Frustrated with Health Insurance Premiums for 2017

shainy wrote:with health insurance premium, all the money is going down the drain.
Let's be clear, what ACA brought us isn't insurance anymore. No one should expect to collect on an insurance policy.

I feel your pain. :(
by Riprap
Fri Nov 04, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 9607

Re: Frustrated with Health Insurance Premiums for 2017

I have a grandmothered plan that will cease at the end of 2017. Right now, the alternatives (if one is even available) are bleak. I do not understand the reasoning of allowing grandfathered plans to continue indefinitely, while grandmothered plans have to terminate. I am grandmothered, not grandfath...
by Riprap
Mon Oct 24, 2016 11:03 am
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein Books
Replies: 40
Views: 4866

Re: Dr. Bill Bernstein Books

I think his most recent series of mini books is a better place to start than his older material. I haven't read the Investor's Manifesto, but the idea of a liability matching portfolio was not discussed in his earlier work if I recall correctly. I think over time he has a shift in his thinking as to...
by Riprap
Sat Oct 22, 2016 10:52 am
Forum: Personal Consumer Issues
Topic: Cheapskate for not flying business class?
Replies: 81
Views: 8949

Re: Cheapskate for not flying business class?

I think that certain people who have saved their entire life retain a desire deep down to receive value from every purchase they make, even if they can afford it. If the upgrade to business class is not valuable to you, don't do it. Spend money on things that genuinely make you happy or make your l...
by Riprap
Thu Oct 20, 2016 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Bruce Steiner on James Lange Radio Show
Replies: 5
Views: 1506

Re: Bruce Steiner on James Lange Radio Show

patriciamgr2 wrote:I have learned a great deal from bsteiner's posts on the Forum.
I agree 100%. He's a very valuable contributor here.
by Riprap
Sun Oct 16, 2016 11:14 pm
Forum: Investing - Theory, News & General
Topic: Margin of Safety (Chapter 20)
Replies: 9
Views: 1477

Re: Margin of Safety (Chapter 20)

I do believe the forum's namesake Mr. Bogle used similar reasoning around the time of the internet bubble when he compared the equity market's P/E or rather 1/(P/E) earnings yield to that of bonds. Clearly at that time it was a no brainer to someone like Mr. Bogle who can apply rational logic that t...
by Riprap
Sun Oct 16, 2016 10:42 pm
Forum: Investing - Theory, News & General
Topic: Margin of Safety (Chapter 20)
Replies: 9
Views: 1477

Re: Margin of Safety (Chapter 20)

The bond yield is in the denominator because the question at hand is whether there is a margin of safety investing in stocks. Think of it this way, the interest payment (yield) of a bond is considered safer because in basic corporate finance structure bond holders are paid first. Bondholders are in ...
by Riprap
Sun Oct 16, 2016 10:06 pm
Forum: Investing - Theory, News & General
Topic: Margin of Safety (Chapter 20)
Replies: 9
Views: 1477

Re: Margin of Safety (Chapter 20)

(9-4)/4 * 100% = 125%

or "over 100%" per Ben Graham
by Riprap
Wed Aug 03, 2016 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Switch from Allstate to Amica/USAA?
Replies: 34
Views: 3553

Re: Switch from Allstate to Amica/USAA?

I have been with USAA for over 31 continuous years for my personal insurance needs. I have reached the point where my annual subscriber's savings account distribution will pay my whole 6 month auto policy premium. If this sounds too good to be true, I will concede that the account was built up while...
by Riprap
Fri Jul 22, 2016 9:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. Stock Market Increasingly Detached from U.S. Economy
Replies: 19
Views: 3294

Re: U.S. Stock Market Increasingly Detached from U.S. Economy

In an interview in Barron's, Gus Sauter said, "A lot of people assume that market returns are driven by economic growth. But that's not really the case. A better predictor is valuation, or price-to-earnings ratios." http://www.barrons.com/articles/SB50001424053111904414004578020340146687174 That mad...
by Riprap
Mon Jul 11, 2016 10:37 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 10886

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

I think for some people whose withdrawal rate is fairly low, say less than or equal to SP500 dividend yield, this makes some sense especially if one has legacy goals in mind. In my mind, it's not much different than a business owner who has most of his net worth tied up in his business. A stock mark...
by Riprap
Sun Jul 03, 2016 6:59 pm
Forum: Personal Consumer Issues
Topic: Specifying type of room at cheap national chains?
Replies: 29
Views: 3120

Re: Specifying type of room at cheap national chains?

The construction of the typical national chain is a wood frame building with doors to rooms in a central hallway. This guarantees you can hear everything going on next door and above you. There is a univeral law that says when Riprap travels AND does not get a room on the top floor, he will be direc...
by Riprap
Tue Jun 14, 2016 1:39 pm
Forum: Investing - Theory, News & General
Topic: The 2.5% yield on the S&P500: a reason to celebrate?
Replies: 22
Views: 3609

Re: The 2.5% yield on the S&P500: a reason to celebrate?

I don't think the yield of the SP500 is anywhere close to 2.50%. It's more like 2.12%

http://www.multpl.com/s-p-500-dividend-yield/