Search found 1246 matches

by Boglegrappler
Sun Jul 05, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Actions at end of life to benefit heirs
Replies: 56
Views: 3340

Re: Actions at end of life to benefit heirs

When the doctors were in agreement that she only had a few weeks to live would it not have been wise for her to take a large distribution from her IRA's since it would have been essentially tax free with the medical expenses to offset it? Let's simplify this and simply say that any time you have la...
by Boglegrappler
Wed Jul 01, 2020 3:57 pm
Forum: Investing - Theory, News & General
Topic: The magic of stock indices
Replies: 29
Views: 1995

Re: The magic of stock indices

The index does well because the companies do well. The weighting isn't done by committee, its done by the market. There is an element of active management that enters in when the companies in the index change, but that is something that happens slowly over time. Here's an article that will shed some...
by Boglegrappler
Sun Jun 28, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need an accountant for a windfall year (sale of private stock)?
Replies: 13
Views: 1053

Re: Do I need an accountant for a windfall year (sale of private stock)?

I'm directly aware of a situation where a shareholder (non-employee) sold their stake to the company, and six months later the company went public at a valuation that was between two and three times the valuation that the shareholder received. There had been talk of such an offering for a decade, bu...
by Boglegrappler
Wed Jun 24, 2020 7:50 am
Forum: Investing - Theory, News & General
Topic: Study claims active management better than benchmarks
Replies: 29
Views: 2707

Re: Study claims active management better than benchmarks

Bogle's Little Book of Common Sense investing. It would seem that everyone could benefit by reviewing the conclusions he drew. One of them is that there are some managers who outperform indexes (indices for some of us/you). The problem is that there aren't very many of them who do it over an extende...
by Boglegrappler
Mon Jun 22, 2020 2:17 pm
Forum: Personal Consumer Issues
Topic: Lexus Key Fob Issue
Replies: 42
Views: 1861

Re: Lexus Key Fob Issue

It is possible to repair the actuators with an inexpensive new motor. But I've done it and it was a remarkable pain in the butt. I saved hundreds of dollars, and had originally estimated that it would mean that I was paying myself about $50/hour. After I was finally done, I concluded that I probably...
by Boglegrappler
Sun Jun 21, 2020 3:21 pm
Forum: Personal Investments
Topic: A serious question from a senior about investing.
Replies: 42
Views: 3233

Re: A serious question from a senior about investing.

You may live for another twenty five years. Or longer. And lots of things can happen financially. Read from middle of page 17 through page 19. https://www.berkshirehathaway.com/letters/2011ltr.pdf Buffett's arguments for stocks (businesses) having the lowest risk in the long run is persuasive to me....
by Boglegrappler
Sun Jun 21, 2020 9:12 am
Forum: Personal Consumer Issues
Topic: Lexus Key Fob Issue
Replies: 42
Views: 1861

Re: Lexus Key Fob Issue

I did this once for about a minute, and walla, it worked!
I wonder if this guy was from Voila Voila, WA.
by Boglegrappler
Mon Jun 15, 2020 7:35 am
Forum: Investing - Theory, News & General
Topic: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.
Replies: 81
Views: 8180

Re: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.

It would be interesting to know the asset amounts and the asset allocations of the liquidators and non-liquidators.

The data shown is of interest, but you'd like to know more. For instance, what portion of these investors didn't sell any?
by Boglegrappler
Sat Jun 13, 2020 12:44 pm
Forum: Personal Investments
Topic: Opinion of HNW Portfolio [High Net Worth]
Replies: 33
Views: 4396

Re: Opinion of HNW Portfolio [High Net Worth]

I'd suggest to you to read the pages in Buffett's letter from 2011 on pages 17-19 on Choices for Investors. It will help inform your decisions about your asset allocation, or at least keep you thinking. It's especially relevant to your longer term horizon. Congratulations on your position. Good luck...
by Boglegrappler
Thu Jun 11, 2020 12:47 pm
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 160
Views: 9517

Re: New construction house - what to consider?

Don't assume that you'll get the quality you want in specific items. For your electrical outlets and switches, ask for the specific commercial grade things. See the home depot pages for outlets, for example. $.59 for the cheapest, and $1.99 for the commercial grade. Same with switches. Two bucks for...
by Boglegrappler
Mon Jun 08, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Lemonade Insurance & IPO
Replies: 30
Views: 1865

Re: Lemonade Insurance & IPO

Here's a link to the horses mouth.

Right now they need infusions of capital to keep operating. Maybe that will change.


https://www.sec.gov/Archives/edgar/data ... 21zs-1.htm
by Boglegrappler
Sun May 31, 2020 10:50 am
Forum: Personal Investments
Topic: Planning for after death of a parent
Replies: 18
Views: 2309

Re: Planning for after death of a parent

Depending on what her assets are, you might want to consider the issue of step-up in basis on death. With you as a co-owner, it changes that somewhat. If the assets don''t have much in unrealized gains, it doesn't matter much.
by Boglegrappler
Thu May 28, 2020 11:32 am
Forum: Personal Investments
Topic: Thoughts on investing in Pre-IPO Companies?
Replies: 19
Views: 1053

Re: Thoughts on investing in Pre-IPO Companies?

You are likely to experience "adverse selection" because of how highly developed the venture market is.

What's available to you won't be good stuff.
by Boglegrappler
Mon May 04, 2020 9:56 am
Forum: Investing - Theory, News & General
Topic: What happens to Corporation stock when filing for bankruptcy?
Replies: 6
Views: 657

Re: What happens to Corporation stock when filing for bankruptcy?

It depends on the individual circumstances. Bankruptcy is a re-organization of the company that changes the obligations of the company (debt, purchasing contracts, wage contracts, adjudicated liabilities (tort awards, etc), payables, you name it----and changes the ownership of the company. The inter...
by Boglegrappler
Thu Apr 16, 2020 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 36048

Re: Car Dealers not really wanting to make a deal

IMO, a good way to ascertain what kind of discount is possible on a given model vehicle is to use cars.com, and autotrader. Put in the specifics for what you'd like, and then choose the whole nation as your universe, and sort by lowest price first. Often you'll see several dealers that are materiall...
by Boglegrappler
Wed Apr 15, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: "Oil and Gas Interest" in WV: real or scam?
Replies: 30
Views: 2094

Re: "Oil and Gas Interest" in WV: real or scam?

This thread is an example of many on the forum that tend fill up with conjecture about questions of fact. EQT is the successor to the old Equitable Natural Gas, and their website says they are the largest natural gas producer in the US. They've been around since the 1800's. EQT production appears to...
by Boglegrappler
Sat Apr 11, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 13216

Re: Executive pay cut request: How to respond?

In a crisis situation, my experience is the best response is “what do you need me to do”? If they ask you to take a 50% cut and you aren’t willing to do that, just say “I can’t do that”. Leave hours, etc. out of it. You want to avoid coming off as “what’s in this for me”. Now is not the time for th...
by Boglegrappler
Thu Apr 09, 2020 8:42 am
Forum: Investing - Theory, News & General
Topic: Head Fakes and Dead Cats .. your thoughts on the rally?
Replies: 386
Views: 32623

Re: Head Fakes and Dead Cats .. your thoughts on the rally?

It's important, in my view, to remember that the interest rate on the 10 year treasury is currently about 3/4 of a percent. That is nearly a 60%! reduction in what you could rent your money for at the beginning of the year. Maybe that rate will rise. I would expect it to do so over time. But equity ...
by Boglegrappler
Wed Apr 08, 2020 8:11 pm
Forum: Investing - Theory, News & General
Topic: Head Fakes and Dead Cats .. your thoughts on the rally?
Replies: 386
Views: 32623

Re: Head Fakes and Dead Cats .. your thoughts on the rally?

The stock market anticipates market turns by 6-9 months, if I remember the old stats. It's the old idea that if something is going to happen in the relatively near term future, the stock market reflects it today. This leads to intervals of "irrationality" at the turning points. Near cyclical peaks t...
by Boglegrappler
Tue Mar 31, 2020 8:09 pm
Forum: Personal Consumer Issues
Topic: Small drip from copper pipe
Replies: 46
Views: 2120

Re: Small drip from copper pipe

Soldering has some basic principles involved. Clean up the joints with wire brush, emory paper, or whatever it takes to get the copper shiny. Get the joint nice and dry before you try to resolder. Use plumbers solder flux and plumbers solder. Not electrical solder. KEY: In all soldering get the work...
by Boglegrappler
Mon Mar 30, 2020 2:52 pm
Forum: Investing - Theory, News & General
Topic: Help me understand this market--or How can S&P be 2600 today?
Replies: 109
Views: 9453

Re: Help me understand this market--or How can S&P be 2600 today?

It gets lost in the rest of the news, but the drop in oil prices from the Saudis deciding that they want their market share is going to ripple through economies and provide a dramatic cost cut. Gasoline prices are down, and will stay down as long as they follow that objective. That's one of the few ...
by Boglegrappler
Sat Mar 28, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: MBA Worth It?
Replies: 88
Views: 6039

Re: MBA Worth It?

The knowledge you get from an MBA is nice. But the only good reason to go to a top 10 full-time MBA program is for a career switch to one of the several fields that you have virtually no chance of getting into otherwise if you didn't start at it right after college: management consulting, investmen...
by Boglegrappler
Tue Mar 24, 2020 4:42 pm
Forum: Personal Investments
Topic: What's the downside to this
Replies: 44
Views: 3394

Re: What's the downside to this

The current yield on the S&P 500 is about 2.38%. When a stock is yielding 10%, the market is telling you that it (the market) expects the dividend to be reduced. You can buy it anyway, and maybe earnings will stay high enough to continue to pay the dividend. If so, the stock will recover some. Its w...
by Boglegrappler
Tue Mar 24, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: What is the point of stocks?
Replies: 101
Views: 6671

Re: What is the point of stocks?

There is a short passage in this year's Berkshire Hathaway report that you might find interesting that is relevant to this. Take a look at "page 5 of 144" of the pdf (says page 3 at at the bottom) under "The Power of Retained Earnings": https://www.berkshirehathaway.com/2019ar/2019ar.pdf Very good ...
by Boglegrappler
Tue Mar 17, 2020 6:56 pm
Forum: Investing - Theory, News & General
Topic: Dividends After Market Drops
Replies: 3
Views: 461

Re: Dividends After Market Drops

To the degree that earnings take a hit, I'd guess that dividend increases would be far less than you might have expected in January. There could easily be a number of companies that cut the dividend to one degree or another. I may not understand exactly how fund capital gains flow through to the buy...
by Boglegrappler
Mon Mar 16, 2020 9:02 am
Forum: Personal Investments
Topic: How to Sell my stock shares (procedure question)
Replies: 29
Views: 1138

Re: How to Sell my stock shares (procedure question)

In the old days before electronic trading, if there was important negative news about a stock after the prior trading session and before the opening, the specialist who was assigned the stock often could not match the sell orders with a balancing amount of buy orders, and faced having to buy some of...
by Boglegrappler
Wed Mar 11, 2020 3:42 pm
Forum: Personal Investments
Topic: Would you buy oil stock at this time?
Replies: 24
Views: 1445

Re: Would you buy oil stock at this time?

I found the note about their revolving credit line. At year end, they hadn't drawn (borrowed) any of it. As noted, if oil prices stay where they are, book value of reserves will be reduced. But you don't use the stock price to calculate the capitalization for loan agreements. ( I do agree that stock...
by Boglegrappler
Wed Mar 11, 2020 3:12 pm
Forum: Personal Investments
Topic: Would you buy oil stock at this time?
Replies: 24
Views: 1445

Re: Would you buy oil stock at this time?

I didn't find the Credit agreement, but did find a reference to it in the 10k. a financial covenant in our Credit Agreement stipulates that our total debt to capitalization ratio will not exceed 65% as of the last day of any fiscal quarter, and if exceeded, may make additional borrowings more expens...
by Boglegrappler
Wed Mar 11, 2020 12:06 pm
Forum: Personal Investments
Topic: Would you buy oil stock at this time?
Replies: 24
Views: 1445

Re: Would you buy oil stock at this time?

Oil prices vary depending on the marginal price. If there is a slight excess of supply, it has a big effect on the crude price. The same holds for a slight excess of demand (or shortage of supply). The oil companies vary from those who are more exploration and production oriented (crude producers), ...
by Boglegrappler
Wed Mar 04, 2020 5:28 pm
Forum: Investing - Theory, News & General
Topic: Bond funds - are they really safe?
Replies: 31
Views: 2823

Re: Bond funds - are they really safe?

It seems that I have more and more occasions to make this post.

Try reading from mid page 17 through page 19 of Buffett's letter from 2011. It will give you a lot to think about, and help to clarify your own thinking.

https://www.berkshirehathaway.com/letters/2011ltr.pdf
by Boglegrappler
Tue Mar 03, 2020 10:54 am
Forum: Investing - Theory, News & General
Topic: Fed drops interest rates by 1/2 percent
Replies: 9
Views: 1247

Re: Fed drops interest rates by 1/2 percent

Yes, the market has already lowered rates.

If rates stay at this level for any extended period of time, it will mean that there will be a lot of upward pressure on stocks.
by Boglegrappler
Mon Mar 02, 2020 7:39 am
Forum: Personal Consumer Issues
Topic: Question on New Fence Etiquette
Replies: 29
Views: 2932

Re: Question on New Fence Etiquette

Some of the advice above about figuring out your neighbors' situations before finalizing your plans makes good sense. I'll add a piece of advice. Over the years, I've heard of several situations where someone with plans to do something to his property decides to be a "good neighbor" and ask his neig...
by Boglegrappler
Wed Feb 26, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: Why do people still try to time the market?
Replies: 72
Views: 5449

Re: Why do people still try to time the market?

Because they haven't read Bogle's little book of common sense investing, and haven't focused on the statistics.

Also, because they get scared.
by Boglegrappler
Sun Feb 23, 2020 9:29 am
Forum: Investing - Theory, News & General
Topic: "Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts"
Replies: 49
Views: 3119

Re: "Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts"

Why would you doubt it? There is literally no limit to what Wells Fargo would do to get more money. You can read the article that I posted and get a sense of my take on this, which is much closer to that of the article's author than most of the comments here. They didn't get very much money from do...
by Boglegrappler
Sat Feb 22, 2020 9:50 pm
Forum: Investing - Theory, News & General
Topic: "Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts"
Replies: 49
Views: 3119

Re: "Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts"

This situation should never have happened, especially not to the extent that it did. Having said that: Here's an older article by a very thoughtful and smart guy about this situation. https://www.bloomberg.com/opinion/articles/2016-09-09/wells-fargo-opened-a-couple-million-fake-accounts Among other ...
by Boglegrappler
Sat Feb 22, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway 2019 Shareholder Letter
Replies: 28
Views: 2907

Re: Berkshire Hathaway 2019 Shareholder Letter

I always enjoy this letter.

For those with the time and inclination, reading all of them one by one would be helpful in dispelling some of the investment misconceptions that regularly surface here in various posts.
by Boglegrappler
Wed Feb 19, 2020 10:14 am
Forum: Personal Consumer Issues
Topic: Fidelity landing page - accounts randomly missing
Replies: 37
Views: 2109

Re: Fidelity landing page - accounts randomly missing

Mine are now showing properly again. At least for the moment!
by Boglegrappler
Wed Feb 19, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Fidelity landing page - accounts randomly missing
Replies: 37
Views: 2109

Re: Fidelity landing page - accounts randomly missing

I'm showing a total accounts value of $0 this morning on the summary page after login and can't get to the other pages to see positions, or other information.

Yesterday it was ok.
by Boglegrappler
Fri Feb 14, 2020 10:11 am
Forum: Investing - Theory, News & General
Topic: Is there ever a scenario where bonds aren't safe?
Replies: 23
Views: 2137

Re: Is there ever a scenario where bonds aren't safe?

https://www.berkshirehathaway.com/letters/2011ltr.pdf

Read from the middle of page 17 through page 19.


It will be helpful in considering bonds. There is quite a bit more wisdom there than meets the eye of most readers, IMO.
by Boglegrappler
Sat Feb 08, 2020 10:23 am
Forum: Investing - Theory, News & General
Topic: Fidelity business model. I don’t understand.
Replies: 82
Views: 8677

Re: Fidelity business model. I don’t understand.

Fidelity's business model is pretty simple. Every day job one is to figure out ways to transfer clients' money into Abigail Johnson's pockets. She didn't get to be one of the richest people on the planet because of her investing skills. Ha! That's everyone's business model. But it operates by doing...
by Boglegrappler
Fri Jan 31, 2020 11:45 am
Forum: Personal Consumer Issues
Topic: Suggestions for wife's new luxury (or non luxury) SUV???? UPDATE: Thanks everyone for your help.
Replies: 138
Views: 9464

Re: Suggestions for wife's new luxury (or non luxury) SUV????

Since you like the 4runnner, you're probably aware that the appearance does change slightly with the different models. The limited, limited nightshade, and the trd pro all have a somewhat different look in the front depending on what color you order. For ice and snow the limited models both have ful...
by Boglegrappler
Thu Jan 30, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should We Even Bother Applying for College Financial Aid?
Replies: 28
Views: 2154

Re: Should We Even Bother Applying for College Financial Aid?

We didn't bother to apply because I thought (with high confidence) that there was no chance of qualifying, and also I wanted the admissions office to know that we would be full pay. At some schools, I do believe that it makes a difference. ( I'm aware of where it doesn't make a difference.) Back the...
by Boglegrappler
Tue Jan 28, 2020 12:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6465
Views: 546641

Re: U.S. stocks continue to soar!

Both threads remind me of a Buffett comment during a Becky Quick CNBC interview where he suggested not paying attention to the market action on any short term basis. I think he was referring to anything less than at least several years, and preferably longer. When Becky Quick expressed surprise at t...
by Boglegrappler
Mon Jan 27, 2020 11:26 am
Forum: Investing - Theory, News & General
Topic: How do Dividends Benefit an Investor?
Replies: 178
Views: 9281

Re: How do Dividends Benefit an Investor?

I am asking this question because I still cannot get my head around the issue of dividends. If the price of a security is decreased by the amount of a dividend issued, how does earning a dividend benefit the investor? The net amount owned is the same after the dividend is issued. I thought I had a ...
by Boglegrappler
Sat Jan 25, 2020 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Pension beneficiary
Replies: 14
Views: 1374

Re: Pension beneficiary

Be careful that you understand all the math. Are you certain that you understand the numbers if you name someone a great deal younger than yourself?

PBGC has pretty good phone service to handle questions.
by Boglegrappler
Fri Jan 24, 2020 10:42 am
Forum: Personal Consumer Issues
Topic: When to Change Car Battery?
Replies: 120
Views: 8803

Re: When to Change Car Battery?

A timely question. I just had my car jumpstarted at the airport after having been left for over a week, during sub-freezing weather. It wasn't uplifting to get to the car and hear the clicks instead of a startup. Luckily, the airport had a free service that arrived within 20 minutes and provided the...
by Boglegrappler
Wed Jan 22, 2020 12:39 pm
Forum: Investing - Theory, News & General
Topic: Where does the money go when the S&P goes down?
Replies: 53
Views: 6780

Re: Where does the money go when the S&P goes down?

I'll buy what you're saying there. I can only go by the published audited financial data as a whole, and you can get it in five year, summarized chunks in the 10k form. Amazon ran operating losses from inception to about 2001, and has been positive since then. They've never been negative on a gross ...
by Boglegrappler
Wed Jan 22, 2020 11:28 am
Forum: Investing - Theory, News & General
Topic: Where does the money go when the S&P goes down?
Replies: 53
Views: 6780

Re: Where does the money go when the S&P goes down?

I don't think your last statement is true. Amazon has operated at a loss or very near a loss for the past 22 years. Their execs have made huge amounts of money by selling their stock options, so they don't care. The whole company's growth has been based on Bezos (who worked on Wall Street) realizin...
by Boglegrappler
Wed Jan 22, 2020 9:58 am
Forum: Personal Investments
Topic: Getting $2 Million in Cash! What do I do with it?
Replies: 75
Views: 6621

Re: Getting $2 Million in Cash! What do I do with it?

Decently rated, intermediate maturity bonds don't yield anywhere close to 5-7% Fidelity's FXNAX intermediate term bond index fund has an sec yield of about 2.24% and an average duration of about 6 years. Your overall strategy might not be that bad, but you won't be making that 5% plus number in the ...
by Boglegrappler
Tue Jan 21, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Life advice for recent graduate
Replies: 67
Views: 5072

Re: Life advice for recent graduate

Don't get a dog. The responsibility is limiting in an all encompassing way.

If you are getting married, find someone whose values and view of the world fits with yours. This isn't as simple and straightforward as you'd think.