Search found 1112 matches

by Boglegrappler
Wed Apr 17, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: Basement water issues
Replies: 30
Views: 2045

Re: Basement water issues

I'm not sure I have any solution for you, but I do have some experience in these matters. From your description, I think it seems likely that you are getting "surface water" into the basement. By that I mean water that arrives at the point of ingress relatively quickly during or following a storm. T...
by Boglegrappler
Thu Apr 11, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes in Retirement
Replies: 24
Views: 1460

Re: Paying Estimated Taxes in Retirement

I've used this calculator from time to time. I also hand-checked it against turbo tax. It seems decently accurate. Takes a bit of getting used to the format. You'll have to do your own calculation about withholding and estimates, but this one will let you know what your federal tax bill will be if y...
by Boglegrappler
Wed Apr 10, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Not much work at new megacorp job
Replies: 70
Views: 5356

Re: Not much work at new megacorp job

The problem with this situation is that it really is unsustainable. At some point, someone will take a hard look at who has been doing what. When that happens, you don't want to be in this same situation. How to correct it is anybody's guess, but the longer this goes on, the more at risk you are, an...
by Boglegrappler
Sat Apr 06, 2019 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds considering moving to NYC...advice and insight appreciated.
Replies: 51
Views: 4343

Re: Newlyweds considering moving to NYC...advice and insight appreciated.

My sense of this is that moving into New York is a very bad idea. All you really have in life is your time. Moving to NYC in your current work circumstance is going to use up quite a bit of your most scarce resource, and it will also consume quite a bit of your income as well. The way to evaluate yo...
by Boglegrappler
Sat Mar 30, 2019 12:28 pm
Forum: Personal Investments
Topic: Safe way to "bet" against LYFT?
Replies: 36
Views: 3831

Re: Safe way to "bet" against LYFT?

If by "safe" you mean "I'll almost certainly lose all the money I place on this bet but not more than that" then selling a put option is probably the only way to do this. I think this should say "buying a put option". When you "sell" or "write" a put option, you are standing by to purchase the stoc...
by Boglegrappler
Fri Mar 29, 2019 10:39 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 8569

Re: I would like a boat. I also know nothing about boats

I've had a saltwater boat for over ten years now, and started out with no boating experience and a fairly large boat (30 feet, twin stern drives). I would simply say that if you decide to get a boat to pull skiers or tubers, please make sure you've taken the proper courses, and please get your compe...
by Boglegrappler
Tue Mar 26, 2019 1:02 pm
Forum: Investing - Theory, News & General
Topic: Why has the S&P500 gone up so much since 2009?
Replies: 37
Views: 3911

Re: Why has the S&P500 gone up so much since 2009?

Earnings of the S&P are up 20+% since 2008. The ten year treasury rate is down from 4-5% just prior to 2008, to about 2.4% today. Its been as low as 1.6% in the past couple of years. Put those two facts together, and you can see why the market should be higher compared to 2008, not to mention the "c...
by Boglegrappler
Fri Mar 15, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Did your Pension Plan get taken over by PBGC?
Replies: 11
Views: 1251

Re: Did your Pension Plan get taken over by PBGC?

My understanding of the PBGC is that your benefit will not change if PBGC takes over the plan, unless your benefit is above the "insured" level I think there is some mild complexity in this, but here's a link to a page that might help. https://www.pbgc.gov/wr/benefits/guaranteed-benefits/maximum-gua...
by Boglegrappler
Wed Mar 13, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: FA vs corporate finance career
Replies: 7
Views: 553

Re: FA vs corporate finance career

Depends on how good the MBA program is at placing its grads. That will in part depend on how well you can do at it.

I think the brokerage financial advisor business is becoming tougher and tougher to succeed at. Certainly requires a certain energy and personality.
by Boglegrappler
Wed Mar 13, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: Secondary sump pump needed?
Replies: 39
Views: 1651

Re: Secondary sump pump needed?

How often your pump runs depends on two things. 1. How fast the water is entering the sump pit. 2. The size of the sump pit. I would take a look at the size of your pit. Its the only thing you have control over. If you make the pit bigger, it will take longer to fill up at a given rate of water entr...
by Boglegrappler
Wed Mar 13, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 7758

Re: Bright daughter wants to work for nonprofit

I think its fine for people who think a change in venue will lead to them being happier, or their life having more meaning. My only hope would be that she doesn't fall into the syndrome of opting to be more "service" oriented and then spending the rest of her life complaining that other people make ...
by Boglegrappler
Wed Feb 27, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: turbotax not computing state tax correctly
Replies: 2
Views: 331

Re: turbotax not computing state tax correctly

I've found that sometimes an issue like yours is the result of missing a box that should be checked, or failing to answer some question in the step by step process. This happens to me a lot since I don't always just work through the step-by-step, and often just go to the forms and enter the numbers....
by Boglegrappler
Thu Feb 21, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: You Can Market Time At Valuation Extremes
Replies: 128
Views: 13417

Re: You Can Market Time At Valuation Extremes

Among the many reasons that market timing is so likely to be wrong is that the market is a leading indicator of things. I had a boss who noted that, within any given sector that was experiencing a cyclical peak or trough, there was a syndrome among the analysts---- that made sense. At market troughs...
by Boglegrappler
Wed Feb 06, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Should I get a rear dashcam to deal with tailgaters?
Replies: 50
Views: 2087

Re: Should I get a rear dashcam to deal with tailgaters?

Buy a pickup truck. That deters some, but not all tailgaters. Get a couple of military decals for the rear window. It may be my imagination, but I think I've seen tailgaters back off a bit when they see the US Army infantry decals on my truck. A hells angels decal might work as well, or something to...
by Boglegrappler
Tue Feb 05, 2019 11:20 am
Forum: Investing - Theory, News & General
Topic: Buffet's Betas: What Individual Investors Can Learn From Buffett
Replies: 36
Views: 2156

Re: Buffet's Betas: What Individual Investors Can Learn From Buffett

I have heard this before, but never understood the reasoning. Why wouldn't competition between insurance companies reduce premiums to the point that customers get a normal return on their premiums? After all, banks too take their deposits upfront and pay it back later (when the customer withdraws)....
by Boglegrappler
Wed Jan 30, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21481

Re: Why doesn't a lot of money feel like a lot of money?

For people whose outlook on life brings them to this website, its not surprising. If you take a big bonus/windfall and spend it, its either gone if spent on "experience" or other intangibles, or you've bought some "thing" that often comes with a substantial carrying cost. Many times you end up poore...
by Boglegrappler
Mon Jan 21, 2019 2:44 pm
Forum: Personal Consumer Issues
Topic: Is it ever worth purchasing an extended warranty for a vehicle?
Replies: 90
Views: 4961

Re: Is it ever worth purchasing an extended warranty for a vehicle?

I haven't bought one, but I think they can make sense at the right price. As one poster above noted, the dealer has a lot of discretion about what price to charge for this. On enthusiast forums for particular cars, you can sometimes find a reference to a dealer who will sell you the manufacturer's e...
by Boglegrappler
Thu Jan 10, 2019 10:20 pm
Forum: Investing - Theory, News & General
Topic: PG&E Bonds
Replies: 49
Views: 5262

Re: PG&E Bonds

Of course, the fund reports its net asset value on a daily basis, and that NAV reflects the daily trading prices on the bonds themselves, which presumably have already traded down materially. So the loss is already in the NAV. Selling would create a small tax loss for the fund holders.
by Boglegrappler
Sun Jan 06, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: Water seepage in basement
Replies: 23
Views: 1561

Re: Water seepage in basement

Take a look at how your deck is attached to your foundation. I had a small addition put on a house we owned some years ago, and it created multiple water issues, which I had to diagnose and solve myself. The addition had a door to an outside stone patio, with two concrete steps leading up to the doo...
by Boglegrappler
Sun Dec 23, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: How market timing will go wrong?
Replies: 62
Views: 3968

Re: How market timing will go wrong?

Since the market is going down That word is the heart of the problem. The proper word is 'went'. Indeed, this is the nugget of it all. In fact, in the long run, the market is going up. That is at the core of Boglehead doctrine. The reason you don't react to intermediate declines is that you don't h...
by Boglegrappler
Sat Dec 22, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Are some insurance polcies philosophically similar to gambling?
Replies: 57
Views: 2945

Re: Are some insurance polcies philosophically similar to gambling?

The two are quite similar. Gambling casinos decide what level of profit to make, as does the lottery, by deciding how much of the total wager will be paid out in prizes. When there is competition, the payout is driven down, and the house "win" is lowered. If gamblers decide that the overall payout t...
by Boglegrappler
Thu Dec 20, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: Landscaping lights went out
Replies: 16
Views: 1220

Re: Landscaping lights went out

You can check to see if the transformer is working with a simple VOM (volt-ohm) meter. The transformer will have a terminal strip that has the wires feeding the lights attached to it. Measure the voltage between the various terminals and the "common" terminal. It should read somewhere between 12 and...
by Boglegrappler
Mon Dec 17, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: When has being frugal or cheaping out bit you in the rear?
Replies: 109
Views: 8380

Re: When has being frugal or cheating out bit you in the rear?

This thread reminds me of one of my thoughts that I always had when in meetings debating about what equipment to buy, or whom to hire for a job or assignment. It seemed that all too often, the discussions could be boiled down to the question : "Why pay full price for something that we know will work...
by Boglegrappler
Sun Dec 09, 2018 3:20 pm
Forum: Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 12188

Re: 20M Inheritance - What is best option for small/no risk on principal?

The answer touches on simple math and common sense. If you invested to "preserve" principal in a real sense, the best way would be 100% stocks. The yield on the S&P 500 is about 1.9%, so lets call it 2%. That means that 20MM will give you annual dividend income of $400,000 pretax. The 20K inheritanc...
by Boglegrappler
Thu Dec 06, 2018 2:51 pm
Forum: Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 12188

Re: 20M Inheritance - What is best option for small/no risk on principle?

Read from mid page 17 to page 19. It's short, but will cause you to think quite a bit, and quite often. That will be good.

The Basic Choices for Investors and the One We Strongly Prefer

http://www.berkshirehathaway.com/letters/2011ltr.pdf
by Boglegrappler
Thu Dec 06, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Housing values may fall as baby boomers die off or sell off, two studies say
Replies: 21
Views: 2580

Re: Housing values may fall as baby boomers die off or sell off, two studies say

I think inter-generational differences are almost always overblown. This isn't "boomers vs. millenials". Its perilous to over generalize, but I do think there is a difference there. I generally think the the description in the original post has a lot of accuracy in it that is applicable to many, ma...
by Boglegrappler
Tue Dec 04, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: High book to price companies (low price to book companies) are risky?
Replies: 10
Views: 803

Re: High book to price companies (low price to book companies) are risky?

I'd recommend that novice investors not spend much time focusing on that video. It is one of the more obtuse bits of instruction that I've observed. Confusingly academics talk about value stocks as "high book to market" - that's a function of the way they do their regression analyses, practitioners ...
by Boglegrappler
Sun Dec 02, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Help me to understand Earnings Growth definition
Replies: 3
Views: 200

Re: Help me to understand Earnings Growth definition

You have the basic right idea. If every company were valued at book value, or some fixed multiple of book value, then your total return over time would be the dividends paid to you from the company + the increase in book value (multiplied by the multiple). Bogle's label of speculative return refers ...
by Boglegrappler
Wed Nov 28, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Changing coolant on 2012 CR-V
Replies: 20
Views: 1050

Re: Changing coolant on 2012 CR-V

Agree with the caution about the coolant being toxic to animals. Also, something that I learned years ago, and was surprising to me: If you buy the coolant "concentrate" that needs to be mixed with water, don't fall into the mistake of deciding that it would be better to just put it in full strength...
by Boglegrappler
Tue Nov 27, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: 2018 Taxes: Dinkytown vs. Download Software
Replies: 3
Views: 438

Re: 2018 Taxes: Dinkytown vs. Download Software

For what it's worth, I did a mock 2018 return manually, and modified the AMT calculation sheets and other required changes by hand, including the new tax bracket schedule. I'm not subject to the pass-through situation. Afterwards, I used the Dinkytown calculator and got a result that was very close ...
by Boglegrappler
Mon Nov 19, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: The Rise of Passive Investing - Are we missing something?
Replies: 18
Views: 3185

Re: The Rise of Passive Investing - Are we missing something?

One thing I might imagine is that if the market becomes more reliant on passive investing, smaller companies might find it hard to find capital. The level of capital available to companies today is unprecedented. And I'm talking about smaller companies that are not public yet, and might never be. T...
by Boglegrappler
Mon Nov 19, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Update Re: Hubby soon to be laid off
Replies: 26
Views: 4971

Re: Update Re: Hubby soon to be laid off

Excellent. Remember as a self-employed person you are able to deduct health care premiums for you and your spouse on an "above the line" basis.....meaning that you don't have to clear the % of adjusted gross income hurdle. This may not come into play for you if your husbands job covers health care, ...
by Boglegrappler
Mon Nov 19, 2018 8:57 am
Forum: Personal Consumer Issues
Topic: WHole House Gas Backup Generator
Replies: 5
Views: 817

Re: WHole House Gas Backup Generator

The manual has some schedules. You need to change the oil every so often. I change mine every couple of years. You also need to ensure that you have the proper level of coolant, which is seldom an issue. My Kohler had an issue with throwing a "loss of coolant" message which didn't get solved until w...
by Boglegrappler
Fri Nov 16, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: Home sale etiquette: wall repair
Replies: 53
Views: 3718

Re: Home sale etiquette: wall repair

If you decide to remove the hangers and fill the holes, there is a spackling product called "onetime" which is easy to use, even on just your finger. It will fill the hole, and you can wipe the excess with a cotton cloth, and for the typical small nail hole that hangers have, you won't even be able ...
by Boglegrappler
Wed Nov 14, 2018 12:48 pm
Forum: Personal Investments
Topic: Won a lawsuit after a wrongful death in the family. How to invest?
Replies: 18
Views: 3383

Re: Won a lawsuit after a wrongful death in the family. How to invest?

Congratulations on finding this site and having the ability to apprehend its benefits. So, if you have 300k left to invest after the house, I would put the whole amount into a short treasury fund that would yield close to 3% (which would give you an incremental pretax income of about 9,000 annually,...
by Boglegrappler
Mon Nov 12, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 2912

Re: How long have you had, or did you have, your HP-12C calculator?

1981 is about right and they cost over $200 at the time as I recall . My recollection is that that cost around $90 from the discounters. We wanted to get one for all our associates and called down to purchasing and they quoted a price that was half again as much as what we'd seen advertised in the ...
by Boglegrappler
Mon Nov 12, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 2912

Re: How long have you had, or did you have, your HP-12C calculator?

I've had mine since they were introduced. Online sources say that was 1981, although I have an inclination to think it might have been a bit earlier. My memory isn't that precise. They were fantastic at the time because the battery life was very, very long, they did all the present value and discoun...
by Boglegrappler
Sat Nov 10, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 5244

Re: Doing taxes by hand

I did my taxes by hand, laid out on the dining room table, usually in two weekends. At that time, my tax situation was fairly simple. I agree with the position that doing them manually is instructive, and you'll understand better what's going on. The caveat, though, is that if your situation is at a...
by Boglegrappler
Mon Nov 05, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: no dividends in index funds!
Replies: 95
Views: 9622

Re: no dividends in index funds!

Just for my own information, I looked up how many and which stocks in the S&P 500 do not currently pay a dividend. If my counting is right, its about 75 of the companies that do not pay one. I found the information on Barchart.com, which seems to be a relatively informative site for those interested...
by Boglegrappler
Mon Nov 05, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 8199

Re: Teaching kids there is an ample amount of money

My message to kids is that you are destitute unless you develop the abilities and work capacity to do something that other people are willing to trade their money for. No one owes you anything. You have no right to anything. But if you develop the right skills and work ethic, you can take care of yo...
by Boglegrappler
Thu Nov 01, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6493

Re: Is an MBA worth it these days?

These discussions always surprise me a little bit. There are two kinds of organizations: Those that have an annual hiring program that channels young people into the firm, and has a competitive path or "track" that is relatively defined. And those that from time to time hire a person or two at a jun...
by Boglegrappler
Thu Nov 01, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5931

Re: Tax refunds expected to be 26% more in 2019

Boglegrappler wrote: ↑Tue Oct 30, 2018 9:22 pm During the tax changes last year, an example of a typical median income family was published in one of the newspapers and it showed that their tax bill declined by about 75% under the current law . Not my recollection; did a search and here was the fir...
by Boglegrappler
Thu Nov 01, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9633

Re: Girlfriend's Student Loans

There are spouses who are a good deal even if they are teachers with 100k of student debt.

And some aren't.

You have two years to figure it out. In the meantime, save a little more if you can. It will make life easier if you decide she's one of the first group.
by Boglegrappler
Tue Oct 30, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5931

Re: Tax refunds expected to be 26% more in 2019

Its not surprising to me. During the tax changes last year, an example of a typical median income family was published in one of the newspapers and it showed that their tax bill declined by about 75% under the current law. That "somehow" got buried in the news coverage. So I don't doubt the title of...
by Boglegrappler
Tue Oct 30, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Dividend yields
Replies: 7
Views: 1075

Re: Dividend yields

I found a chart that gives the history of S&P 500 dividend payout ratios.

Not sure exactly how its compiled, and what it might exclude, but its one piece of data.

See figure 16 in the linked publication from Ed Yardeni.

https://www.yardeni.com/pub/stmktbriefrevearndiv.pdf
by Boglegrappler
Mon Oct 29, 2018 8:43 pm
Forum: Investing - Theory, News & General
Topic: Dividend yields
Replies: 7
Views: 1075

Re: Dividend yields

I haven't examined the trend in the payout ratio over the past couple of decades. I think there was a shift from many decades ago, but I'm not sure there's been much change in the average or median payout ratio over the past ten or fifteen years.
by Boglegrappler
Mon Oct 29, 2018 8:04 pm
Forum: Investing - Theory, News & General
Topic: Dividend yields
Replies: 7
Views: 1075

Re: Dividend yields

The lower dividend yields that have presented themselves in recent years are a function of lower rates of return on alternative investments (notably bonds). This results in the market bidding up equity prices, which means investors are accepting a lower "earnings yield". (Earnings yield is the inver...
by Boglegrappler
Thu Oct 25, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Making a substantial gift to a college
Replies: 27
Views: 2138

Re: Making a substantial gift to a college

Cynically stated, the admissions benefit that your kids might get in 20 years from a current donation will depend mightily on their qualifications at the time, and the prospects at that time of receiving additional donations from you. Just decide if making the gift makes you feel happy today. I'd al...
by Boglegrappler
Mon Oct 22, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Too Much Apple [AAPL] Stock
Replies: 63
Views: 7727

Re: Too Much Apple [AAPL] Stock

Its worth observing that some of the discomfort with high concentrations of very successful companies can only be remedied by applying the reverse of conventional investing wisdom. "Cut your profits and let your losses run." :) I have a similar problem" with Amazon currently. I don't intend to corre...