Search found 1095 matches

by Boglegrappler
Thu Jan 10, 2019 10:20 pm
Forum: Investing - Theory, News & General
Topic: PG&E Bonds
Replies: 49
Views: 5033

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: 1523

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: 3895

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: 2893

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: 1185

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: 8164

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: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 12065

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: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 12065

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: 2494

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: 778

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: 190

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: 1037

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: 427

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: 3145

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: 4937

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: 801

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: 3680

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: Investing - Help with Personal Investments
Topic: Won a lawsuit after a wrongful death in the family. How to invest?
Replies: 18
Views: 3360

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: 2836

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: 2836

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: 5018

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: 9473

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: 8120

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: 6412

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: 5806

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: 9436

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: 5806

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: 1045

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: 1045

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: 1045

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: 2115

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: 7508

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...
by Boglegrappler
Mon Oct 22, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRS - Anyone deal with you owe us more tax letter?
Replies: 13
Views: 1871

Re: IRS - Anyone deal with you owe us more tax letter?

It varies, but it can take them as much as 6-8 weeks to get around to responding.
by Boglegrappler
Mon Oct 22, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Sequoia or Land Cruiser
Replies: 25
Views: 1414

Re: Sequoia or Land Cruiser

The Sequoia is a Tundra (truck) frame, but not quite as long. It's built in San Antonio. The Landcruiser is also a truck frame, but is built in Japan and imported. The landcruiser is more "solid" than the Sequoia, but, I believe, has slightly less towing capacity. If someone were giving me one or th...
by Boglegrappler
Wed Oct 10, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10061
Views: 1782248

Re: U.S. stocks in freefall

This looks like some short covering to me. The only "news" is that stocks are going down today a lot more than usual. Personally, I don't let days like these bother me anymore. I understand that these comments are a mix of sarcasm and hyperbole. But you do understand that short-covering runs the st...
by Boglegrappler
Wed Oct 03, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 12152

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

No opinion, but, as a frame of reference, I just had a leaking coil in a 3.5 ton air handler unit replaced. I didn't feel I got a great price, but it totaled $2000 for a replacement coil, a new charge, and installation of the coil.
by Boglegrappler
Sat Sep 29, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Water on Countertop in Basement
Replies: 15
Views: 1254

Re: Water on Countertop in Basement

Two anecdotes: I once saw a pinhole leak from an ice maker supply line intermittently spray water in a rather light mist way. I also had a mystery puddle in my basement which turned out to be coming from a pinhole leak in the discharge tube from the condensate pump on the air conditioner. The pump d...
by Boglegrappler
Fri Sep 28, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4661

Re: Warren Buffet Portfolio Critique

I’ve posted here that a wealthy guy told me he advises “two years’ expenses in cash and the rest in the S&P 500”. It’s what he does, he says. Here’s that discussion: That's an interesting way to look at it. How that would translate to the equity/fixed income allocation really depends on what the pe...
by Boglegrappler
Fri Sep 28, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Deductibles
Replies: 19
Views: 1529

Re: Auto Deductibles

I have the same feeling about this. Everytime I asked about the rates, I concluded that the higher deductible wasn't worth it, and that the deductibles were probably mispriced. I had(have) plenty of wherewithal to self-insure for any deductible that they offered, but it just didn't seem to make much...
by Boglegrappler
Fri Sep 28, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Framing concerns for new construction/custom build
Replies: 16
Views: 1704

Re: Framing concerns for new construction/custom build

What do you know that the structural engineer doesn't know? You know that you have to live in the house, and that you will bear the cost of any repairs. I doubt that there is any recourse against the structural engineer, and probably none against the builder either. Are the trusses really so expens...
by Boglegrappler
Thu Sep 27, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6211

Re: Economic reasons for rate increase by the Fed?

One of the largest reasons for the recent rate increases is that the Fed has only a couple of tools at its disposal. The use of "quantitative easing" in the past years amounts to printing money to buy securities, and that's something that they're not particularly comfortable with. The Fed much prefe...
by Boglegrappler
Wed Sep 26, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: DIYers Taking a Toll
Replies: 50
Views: 6634

Re: DIYers Taking a Toll

Clearly the indexing trend is pinching the traditional bastions of the brokerage and fund management business. I saw an ad the other night that was clearly aimed at disparaging the use of index funds, although it never used the word. They substituted the idea of "average" and then went on to denigra...
by Boglegrappler
Wed Sep 26, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: Equities as a hedge against inflation
Replies: 36
Views: 2657

Re: Equities as a hedge against inflation

Read Buffetts letter from 2011, pages 17-19 http://www.berkshirehathaway.com/letters/2011ltr.pdf From the letter, and an important point: Whether the currency a century from now is based on gold, seashells, shark teeth, or a piece of paper (as today), people will be willing to exchange a couple of m...
by Boglegrappler
Thu Sep 20, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1654

Re: Universal Life article in WSJ 9/20/18

+1 For a regular level term policy the insurance company can do a mortality analysis over the contracted duration of the policy. That's not the same with universal life if it's only one year at a time. It has to be more if it's one year at a time since you can't amortize the risk over a longer term...
by Boglegrappler
Thu Sep 20, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1654

Re: Universal Life article in WSJ 9/20/18

My great suspicion is that the rates charged for the yearly term premium were probably inflated as well. I have seen this in my Northwestern Mutual term policies that I plan to let lapse shortly. The rate charged on them is more than double what I think they ought to cost actuarily.
by Boglegrappler
Thu Sep 20, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1654

Re: Universal Life article in WSJ 9/20/18

What I don't quite understand from the article is what was the contemplated "exit" from this insurance-investment hybrid. It seems to me that if part of/all of the investment return on the annual "premium" was used to mitigate the steadily rising cost of the term insurance premium.....well, at some ...
by Boglegrappler
Thu Sep 20, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1654

Universal Life article in WSJ 9/20/18

For those with WSJ subscriptions, there is a rather informative article about universal life polices. It discusses the original sales pitches and the fact that in the low interest environment of the past decade, the numbers aren't working out to support the sales rationale. Aging policyholders are r...
by Boglegrappler
Sat Sep 15, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Upcoming visit to Charleston, Flood issues of overhyped media?
Replies: 10
Views: 935

Re: Upcoming visit to Charleston, Flood issues of overhyped media?

It seems to me that the surge may not affect Charleston much. We'll know that shortly.

But Charleston streets flood simply from heavy rainfall. I think you'll need to stay tuned for a couple of days to get a good feel.
by Boglegrappler
Fri Sep 14, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10625

Re: Massive Student Loan Debt - Fiancee

Yeah I'm not seeing the problem with the scenario as described by the OP. His fiancee took out 6 figures of loans for grad school that is stacked on top of $25k of undergrad loans-- welcome to life in the USA. She maxed out her loans so that she could have some cash on hand-- shockingly, people of ...