Search found 985 matches

by Boglegrappler
Thu May 24, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Alexa Echo sent family's audio file to a contact
Replies: 65
Views: 5003

Re: Alexa Echo sent family's audio file to a contact

This deserves a discussion among smart people, but in lieu of that, I'll start. Is there some regular function in Alexa that normally records longer periods of audio from the microphone and then can do something with that? I have an Echo, and don't use it a lot, but I don't remember seeing any instr...
by Boglegrappler
Sat May 19, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Fee transparency in private equity
Replies: 9
Views: 602

Re: Fee transparency in private equity

A less risky public service is to quietly inform your friends regarding the likely best investment choices rather than the one (service) you're contemplating.
by Boglegrappler
Mon May 14, 2018 12:47 pm
Forum: Personal Consumer Issues
Topic: Considerations in selecting a hearing aid
Replies: 14
Views: 588

Re: Considerations in selecting a hearing aid

I'm a fan of Costco. My first hearing aid came from the audiologist associated with the ENT Dr. I saw. It wasn't powerful enough, and the audiologist treated me like I was an uneducated geezer, and then bristled when I said I wanted to have the three choices of sound profile enabled on the hearing a...
by Boglegrappler
Sun May 13, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Doubling Your Money
Replies: 32
Views: 6688

Re: Doubling Your Money

Not really directly responsive to your question, but I've always liked the "rule of 72" rule. Basically you can take most compounded rates of return in the realm of real possibility, and if you divide 72 by the rate of return, it tells you how many years it will take to double. For example, 72/10 = ...
by Boglegrappler
Fri May 11, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 68
Views: 11611

Re: When to claim Social Security: two reasons not to wait

We cannot talk (much) about them, but there are proposals/discussions about further capping Medicare premiums in relation to SS retirement levels/increases. I'm not sure I'm up on the various discussions, but those interested in how Medicare is paid for should read the Kaiser Family Foundation arti...
by Boglegrappler
Fri May 11, 2018 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 1709

Re: Investment Advice from Pension Furd Manager - Should I listen?

If the pension manager does in his job what he is suggesting, he'll be fired. I can guarantee that he's not doing that, unless he's not a real pension fund manager. There are some retail brokers who see themselves as that, and they aren't. Good points. I wanted to clarify he suggested ONLY SELLING T...
by Boglegrappler
Tue May 08, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Vehicle Tires and Dry Rot
Replies: 20
Views: 2075

Re: Vehicle Tires and Dry Rot

I've never liked the term "dry rot" for tires, but rubber does deteriorate over time, and sunlight in particular is not good for it. Think about what happens to elastic in your shorts and gym wear when it becomes brittle and loses its elasticity. My own guess is that 22k miles and five years isn't e...
by Boglegrappler
Tue May 08, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Spark Plugs only vs Tune Up?
Replies: 29
Views: 1919

Re: Spark Plugs only vs Tune Up?

Changing spark plugs is not too difficult for decently handy people. You need a ratchet and some extensions, a universal extension, and a spark plug socket (it has a rubber insert to keep the plug from falling out, and is deeper than normal so that it can fit over the plug and still reach the base t...
by Boglegrappler
Tue May 08, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6341

Re: Berkshire Hathaway B

The requirement to disclose your stake in public companies goes back to the late 60s or early 70s and was part of what was called the Williams Act, if I'm recalling correctly. It's an interesting requirement from a public policy standpoint. In any case, BRK doesn't do "takeovers" that aren't welcome...
by Boglegrappler
Tue May 08, 2018 10:25 am
Forum: Investing - Theory, News & General
Topic: How does stock buyback benefit investors?
Replies: 78
Views: 6054

Re: How does stock buyback benefit investors?

These discussions make my head swim. Consider the situation where you and a partner own a business together. It has more than enough cash in the business to buy one of you out at some reasonable price. Who benefits from a partner being bought out? Well, it depends on the price. If the remaining part...
by Boglegrappler
Sun May 06, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6341

Re: Berkshire Hathaway B

There are 20 other single stocks that BRK has higher stake than AAPL or 5%
The % of the stock owned isn't particularly relevant to a BRK investor. Click on the holding value of the position in that link. Apple is now by far the largest investment of the traded equities.
by Boglegrappler
Sun May 06, 2018 10:48 am
Forum: Investing - Theory, News & General
Topic: Shorting - Can Someone Explain
Replies: 32
Views: 2216

Re: Shorting - Can Someone Explain

The issue is that a passive indexed long approach has an expected return of x ( you choose your prediction, but some say as high as 6-8%, or even more). The same short sale of every stock in an index necessarily has the obverse result, which is a negative return of the same amount. What becomes clea...
by Boglegrappler
Sat May 05, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Sprinkler system burst, company won't honor guarantee, what to do?
Replies: 21
Views: 3179

Re: Sprinkler system burst, company won't honor guarantee, what to do?

Just to followup on my comment about annual things going wrong, I recently put the system back on line and found one zone not working. I figured it would be a defective solenoid (which is a small screw-in component with two wires (low voltage) that opens or shuts the valve). After getting out today ...
by Boglegrappler
Sat May 05, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6341

Re: Berkshire Hathaway B

I'm already in Apple, and at a better price and entry point than BRK got in the first quarter. :)
by Boglegrappler
Sat May 05, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6341

Re: Berkshire Hathaway B

Warren Buffett’s Berkshire Hathawayabout will make about $700 million annually on Apple’s dividend You have to love journalists, (even financial journalists, who imo aren't much better than the others). Nowhere in the article linked does an uninformed reader learn how much had to be invested by BRK...
by Boglegrappler
Sat May 05, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Another help-me-help-my-mother post
Replies: 22
Views: 2160

Re: Another help-me-help-my-mother post

The only advice I have is to make sure you understand the annuities. It's always assumed in these discussions that they are for a person's lifetime, but it would be useful to be entirely certain of that. As far as declines in the first quarter, if you were invested in certain stocks, you would be do...
by Boglegrappler
Fri May 04, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: Shorting - Can Someone Explain
Replies: 32
Views: 2216

Re: Shorting - Can Someone Explain

You've got the basics from the above posts. You set up a margin account, get approved for short-selling, and then you call your broker and say sell short 300 shares Jones Co at (the market, or a given price limit). There is a "hard to borrow" list at every firm and your broker may tell you he can't ...
by Boglegrappler
Fri May 04, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: Stock Buybacks as a Global Trend?
Replies: 39
Views: 2896

Re: Stock Buybacks as a Global Trend?

Buybacks are fine to do if the cash is excess to what is needed to maintain and grow the business. As Buffett has pointed out repeatedly, it is a preferred method for using such excess cash when compared to dividends. The key to it is--at what price are the shares purchased? If the price is too high...
by Boglegrappler
Fri May 04, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31304

Re: Those with high savings rate: why?

one word: Freedom
Agree. I don’t enjoy being a supplicant, which is what you are if you can’t take care of yourself.
by Boglegrappler
Thu May 03, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 3851

Re: Continuing Care facility - shielding some assets for the kids

So yes, CCRCs will keep people on at their own cost after the residents exhaust their financial resources. But it all depends on the CCRC and their financials. I question whether this is the case (by which I mean it is my belief that they put the residents on medicaid or some other public charge pr...
by Boglegrappler
Thu May 03, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 3851

Re: Continuing Care facility - shielding some assets for the kids

Why should the care facility fund that on your behalf?
A better question is why should the OP fund the CC facility's acceptance of medicare and medicaid patients at the government capped rate?

I don't think any of these facilities ever keep anyone for free at the facility's own cost.
by Boglegrappler
Mon Apr 30, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Sprinkler system burst, company won't honor guarantee, what to do?
Replies: 21
Views: 3179

Re: Sprinkler system burst, company won't honor guarantee, what to do?

I blow out my own system every fall. Every spring when I start it back up, there is something that has failed. Usually not from a freeze, but from some random goblin that breaks the sprinkler head, or renders a solenoid valve inoperable. Depending on how handy you are, sprinklers are rather simple t...
by Boglegrappler
Fri Apr 27, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 5906

Re: Learning to drive stick

I wouldn't compound it with a rental car that I only barely know how to drive. I agree with this. I grew up when there were more standard transmissions around, and had continuous access to a three speed 289 mustang which I drove a lot, and in an area where it was quite hilly. Bite the bullet and ge...
by Boglegrappler
Thu Apr 26, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: Is there any app/software that neatly tells you daily gains/losses?
Replies: 19
Views: 1780

Re: Is there any app/software that neatly tells you daily gains/losses?

I used to use google finance's portfolio feature, but for some inexplicable reason they discontinued it. So i migrated over to Morningstar's portfolio feature. You simply register for free, and then you can have any number of different views of stocks you own or are interested in. It will let you ha...
by Boglegrappler
Thu Apr 26, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Buffett tax red herring?
Replies: 13
Views: 2039

Re: Buffett tax red herring?

Yes, that's the problem with all of this. :) It involves predictions of the future. I may actually spend some time fiddling with the numbers in that chart to further dissect the past. Going back some years, the table did not include BRK's market value, but only the increase in book value in comparis...
by Boglegrappler
Thu Apr 26, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Buffett tax red herring?
Replies: 13
Views: 2039

Re: Buffett tax red herring?

This is the best I could up with as well. But it's mostly a timing issue as to when the tax is paid. By my calculation using the provided S&P numbers, a 2% constant yield on the S&P, and a 20% tax rate is that taxes on dividends reduce the after-tax CAGR for an investor by about 23 basis points. I'...
by Boglegrappler
Tue Apr 24, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Buffett tax red herring?
Replies: 13
Views: 2039

Re: Buffett tax red herring?

Alternatively, maybe he is referring to individual income tax on dividends, of which his conglomerate Berkshire Hathaway, BRK.A, doesn't distribute any. That's what he's pointing out. The quote is noting that the column that shows the S&P returns takes into account dividends (assuming, I presume, t...
by Boglegrappler
Sat Apr 21, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 79
Views: 9693

Re: Inheritance Changing Lifestyle

If you have $5 million, invested in the S&P500, it will generate around 2% of dividends annually. Those should grow over time to at least keep pace with inflation, and so should the $5 million corpus of the inheritance. Note that that means you have an additional household "earner" who can generate ...
by Boglegrappler
Tue Apr 17, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Exposure not filing Gift tax return 709
Replies: 12
Views: 930

Re: Exposure not filing Gift tax return 709

I am absolutely not trying to avoid tax. We will never ever reach a gifting level of $5m-
Just to be current, the lifetime exemption has been doubled and is just over $11 million now, or about $22 million for a married couple.
by Boglegrappler
Mon Apr 16, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: $4,400 in AMT? sanity check, please?
Replies: 11
Views: 1552

Re: $4,400 in AMT? sanity check, please?

I'm not questioning the number per se, but based on your observations, I would suggest that you print out last years 1040, and schedule A and B, and then this years, and do a quick major line-by-line comparison. Having the paper side by side can help you figure what's going on. I've found that using...
by Boglegrappler
Mon Apr 16, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11720

Re: We crush stock indexes, Yale claims

So Yale could be overstating the value of its funds, where there are unrealized investments in those funds. However eventually the value will converge on the true cash value. Only if they keep putting more money into funds, at overstated valuations for unrealized investments, will this lead to an u...
by Boglegrappler
Sun Apr 15, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11720

Re: We crush stock indexes, Yale claims

Much of Yale's holdings are in illiquid assets that rarely trade. The valuation must involve a good deal of estimation. I wonder how reliable their reported returns and performance actually are. This is an important point, and it applies to more than just Yale. It also appears that reporting requir...
by Boglegrappler
Sun Apr 15, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Dealing with poorly assigned hotel rooms?
Replies: 41
Views: 3317

Re: Dealing with poorly assigned hotel rooms?

Is there anything I can do further to get a refund or some kind of reimbursement from the original hotel? It's a $300+ a night room.. FWIW I booked through a larger hotel bookings site, and paid using a Fidelity Visa card. I'm guessing no, but figured I'd ask. Write a non-ranting, self-controlled l...
by Boglegrappler
Wed Apr 11, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want to sell house to save their business
Replies: 14
Views: 1738

Re: Parents want to sell house to save their business

Years ago I read a book by Paul Hawken, who founded a couple of businesses. He noted that although many business owners who fail say that it was because they didn't have enough "capital", he actually thought that more businesses fail because they have too much capital than from the opposite. What he...
by Boglegrappler
Sun Apr 08, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Help Me Make The Case Against Online Trading Academy
Replies: 33
Views: 2502

Re: Help Me Make The Case Against Online Trading Academy

It seems to me that Bogle's little book of common sense investing has most of the arguments that you need.

Good luck.
by Boglegrappler
Fri Mar 23, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Buying at IPO price
Replies: 9
Views: 853

Re: Buying at IPO price

While I have a few quibbles with the post above, in that all ipos are not created equal, it does implicitly point out a difference in buying an ipo on the offering, and buying any other stock in the market. When you buy in the market, for the vast majority of trades, you're buying from some other in...
by Boglegrappler
Fri Mar 23, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Buying at IPO price
Replies: 9
Views: 853

Re: Buying at IPO price

They then ask you how many shares you want to buy. You ask what the price is and they tell you they can't tell you because it has not been decided yet. Preliminary prospectuses have an anticipated price (think 18-20) range to give prospective purchasers a hint about what the underwriters and compan...
by Boglegrappler
Thu Mar 22, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Notice Help
Replies: 11
Views: 776

Re: IRS Notice Help

If you didn't report these transaction, and the cost basis of the shares you sold, on your tax return, the IRS will assume a $0 cost basis and then try to collect capital gains tax on the entire sales proceeds. Exactly. From direct experience. But all you have to do is report it correctly and the b...
by Boglegrappler
Mon Mar 19, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ever received a legitimate unsolicited call from the I.R.S.?
Replies: 24
Views: 2251

Re: Ever received a legitimate unsolicited call from the I.R.S.?

My experience with the IRS is that they have never called me. On the occasions where they have a question or disagree with my filed return, they simply redo the return in the way that is most beneficial to them, and mail a deficiency notice asking you to pay up or explain why they are not correct. Y...
by Boglegrappler
Tue Mar 13, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 139
Views: 12985

Re: New Car: Ever make sense to lease?

I've never leased a car yet, but have mildly considered it based on the idea that in three years or so I might want something different or have different circumstances. It occurs to me that there could be an unfilled niche in the market for people like me. I'd be willing to do a deal where I paid up...
by Boglegrappler
Sat Mar 10, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Sump Pump Issues - What can I do, if anything?
Replies: 27
Views: 2847

Re: Sump Pump Issues - What can I do, if anything?

Most of the discussion of "water table" is misguided, including by professionals. Your house rests on a foundation that sits in a hole in the ground. No foundation is water tight, nor are they intended to be. If the water that would like to fill up the hole occupied by yorur foundation gets above th...
by Boglegrappler
Tue Feb 27, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett Dislikes Bonds
Replies: 57
Views: 6880

Re: Warren Buffett Dislikes Bonds

“Don’t ask the barber if you need a haircut.” Translation: don’t listen to the head of a publicly listed company (ie a stock) when he tells you to buy stocks not bonds... These discussions about Buffett usually make me cringe, and they usually confirm why most Bogleheads should be Bogleheads. :) It...
by Boglegrappler
Mon Feb 26, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12317

Re: How Far is too Far, Commuting?

IMO, the right way to look at adding to your commute time is to assess the added increment as a percentage of your current average free time.

Sometimes you'll conclude that the incremental commute will turn out to be 100 percent or more of your current free time.

Good luck.
by Boglegrappler
Sun Feb 25, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Value of an Elite MBA
Replies: 58
Views: 5743

Re: Value of an Elite MBA

It all depends on what your ultimate target is. If you're a smart person who is thoughtful, the things you learn in most MBA programs will likely be learnable by you in some other way. However......if you want to become a CFO someplace, you'll need to get an entry level job in one of those organizat...
by Boglegrappler
Fri Feb 09, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a way to figure 2018 taxes?
Replies: 18
Views: 2400

Re: Is there a way to figure 2018 taxes?

I recently did something to simulate that. I think its decently accurate. I have the 2017 turbo tax version for this past year's taxes. So I used the "override" function to limit my tax deductions to the new limit. You can do the same thing to limit your exemptions to zero too. After doing that, I w...
by Boglegrappler
Thu Feb 01, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 10026

Re: How risky is Med school student loan debt?

While debt has its own special problems when you have too much relative to your income, this discussion is really a proxy for whether medical school is worth it economically.
by Boglegrappler
Fri Jan 26, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Accountant Recommends doing Whole Life Insurance
Replies: 64
Views: 5341

Re: Accountant Recommends doing Whole Life Insurance

Here's the biggest problem with whole life, in my opinion. In the few instances where I've tried to evaluate it, many decades ago, I found that I could not --could not!!--figure out how much I was paying for the life insurance. Neither could I figure out what level of investment return I'd be expect...
by Boglegrappler
Fri Jan 26, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: curious about baseboard heater problem
Replies: 7
Views: 439

Re: curious about baseboard heater problem

Not completely certain I'm understanding the issue, but in hwbb (hot water baseboard) systems, its common for loops to develop an air pocket that the circulator pump isn't able to overcome. When that happens, a "bleeder" valve needs to be opened to allow the air to be removed.
by Boglegrappler
Thu Jan 25, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Turn 75,000 into 1 million
Replies: 42
Views: 7119

Re: Turn 75,000 into 1 million

My old HP 12c tells me that to make 75,000 become 1,000,000 in 22 years.....one needs a compound annual growth rate of about 12.5%. So you just need to choose investments that will earn about 5 times the rate on the current 10 year treasury, and you'll get there, as long as the compounding is after ...
by Boglegrappler
Sun Jan 21, 2018 12:47 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 67
Views: 4958

Re: New Brake Pads

Brake pads are not incredibly or even very easy to replace unless you have lots of experience and exactly the correct tools. "Familiar with wrenching" means "very experienced." The tools usually required are not ones anyone would own unless they have done a great deal of mechanical work, and some o...