Search found 1182 matches

by Boglegrappler
Wed Nov 13, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Online MBA - Worth It?
Replies: 26
Views: 1642

Re: Online MBA - Worth It?

My perspective on this is some decades old, but I believe it still applies. I doubt that an online MBA gets you anything. What you get from high level traditional MBA programs is a general education regarding business thinking and framework, PLUs, the big thing---you get to interview with multiple e...
by Boglegrappler
Tue Nov 05, 2019 5:51 pm
Forum: Personal Consumer Issues
Topic: Is there a website that shows what people paid for a new car
Replies: 3
Views: 548

Re: Is there a website that shows what people paid for a new car

Some of the vehicles that have modest enthusiasts followings have a thread on their forums titled "Prices Paid" and the year and model.

I think those threads are decently reliable if you can find one for the vehicle you want.
by Boglegrappler
Sat Nov 02, 2019 8:52 am
Forum: Investing - Theory, News & General
Topic: Bonds are confusing
Replies: 24
Views: 2449

Re: Bonds are confusing

Yes, bonds have done fine this year because interest rates fell. When interest rates fall, the principal value of the bond goes up, but the yield on new contributions goes down. It's more correct to say that when interest rates fall, the market value of the bond goes up. The principal value of a bo...
by Boglegrappler
Sun Oct 27, 2019 4:48 pm
Forum: Personal Investments
Topic: IPO Lock Out Agreement
Replies: 12
Views: 916

Re: IPO Lock Out Agreement

I'm curious about what size company this is and who the proposed underwriter is. I'm guessing that its a smaller company based on your description of how you acquired the shares.

It seems unusual to me for someone in your position to be in possession of stock certificates.
by Boglegrappler
Fri Oct 25, 2019 9:15 am
Forum: Personal Investments
Topic: need your wise advice about what to do next in my life
Replies: 24
Views: 3195

Re: need your wise advice about what to do next in my life

For those of us who are uninitiated, could you explain what you mean by "have" an AirBnb? I understand what Airbnb is..... so are you saying that you own two properties that you use for short term rentals on Airbnb? Also if that is the case, out of curiosity, are these properties single family units...
by Boglegrappler
Wed Oct 23, 2019 12:40 pm
Forum: Investing - Theory, News & General
Topic: "Dogs of the Dow" in a Roth IRA with Zero Commissions
Replies: 52
Views: 3360

Re: "Dogs of the Dow" in a Roth IRA with Zero Commissions

Here's the Dow components in 1982. I'd be quite cautious of a general strategy of just buying the most underperforming of any group of stocks. The risk of catching a falling knife is quite high. Looking at stocks that have come off their highs and making individual assessments is one thing. And not ...
by Boglegrappler
Sun Oct 20, 2019 2:59 pm
Forum: Personal Investments
Topic: Odds of Illinois Teacher Pension Solvency to use for Planning Purposes
Replies: 27
Views: 3010

Re: Odds of Illinois Teacher Pension Solvency to use for Planning Purposes

You be the judge. See letter on page three of most recent summary. They are currently just over 40% funded. https://www.trsil.org/sites/default/files/documents/Summary-web.pdf In answer to the question of whether to apply a discount to your defined benefit, I would say its reasonable to say "yes". A...
by Boglegrappler
Fri Sep 27, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Extended warranty transfer dispute with private truck seller
Replies: 36
Views: 2040

Re: Extended warranty transfer dispute with private truck seller

Decades ago I was taken to small claims court by a workman who agreed to add some extra work to a job at my request, and then hit us with a bill that I found egregious. It's the only time I've ever been in court. What I think I learned was that the judges have no, (NO!) inclination to render a verdi...
by Boglegrappler
Thu Sep 26, 2019 12:15 pm
Forum: Investing - Theory, News & General
Topic: How do you maximize an IPO purchase?
Replies: 14
Views: 1224

Re: How do you maximize an IPO purchase?

A couple of additional points are in order. Brokerage firms frown on accounts that "flip" the hot ipos. If you manage to get some shares on the original offering and sell them within the first couple of days or weeks, it will earn your account a black mark, and if you do it more than once you may lo...
by Boglegrappler
Fri Sep 20, 2019 8:46 pm
Forum: Investing - Theory, News & General
Topic: How do you maximize an IPO purchase?
Replies: 14
Views: 1224

Re: How do you maximize an IPO purchase?

You can access the S-1 (the name of the filing form at the SEC) prospectus at the SEC Edgar site. Just search the company's name. It will give you an idea of the number of shares and the expected price per share range of the offering, as well as the financials and management information. Depending o...
by Boglegrappler
Thu Sep 19, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: Can anyone recommend an affordable TV stand wide enough for a 65" TV?
Replies: 28
Views: 1590

Re: Can anyone recommend an affordable TV stand wide enough for a 65" TV?

I second the IKEA recommendation. I have a 65" tv, but the edges hang over the profile of the stand.....so it wouldn't work (this tv's support points are inboard from the edges of the tv) . There are others on the IKEA site that will easily support your tv at the outside margins.
by Boglegrappler
Sun Sep 15, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: cost basis when selling house - generator
Replies: 12
Views: 1299

Re: cost basis when selling house - generator

See page nine of IRS publication 523.

I think a generator adds to your basis, based on the list of things the IRS provides there.
by Boglegrappler
Fri Sep 13, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Beach City / Town in Florida
Replies: 64
Views: 7521

Re: Beach City / Town in Florida

I had a friend who had a nice house in Sarasota area with boat access. He once jokingly made the point that they had a saying "if you live on the water, then from time to time you'll live in the water". I think this applies to the Northeast as well.
by Boglegrappler
Thu Sep 12, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Helping elderly parents manage finances - pros and cons
Replies: 62
Views: 5222

Re: Helping elderly parents manage finances - pros and cons

I'm not looking for a back and forth, I'm sure people will post their opinions including that I was crazy to get that deep into things. I simply wanted to convey to others a note of caution. Get involved at a level comfortable for everyone, and make sure you have the proper documents in place, know...
by Boglegrappler
Wed Sep 11, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Military folks: choosing state for residence
Replies: 9
Views: 1191

Re: Military folks: choosing state for residence

Just as a matter of being specific, what matters to you is not your residency, but your "domicile". Domicile generally is where you live, but the military aspect screws that idea up a bit because they muddy the waters with the "home of record" concept. High tax states will consider you to be domicil...
by Boglegrappler
Wed Sep 04, 2019 4:31 pm
Forum: Personal Consumer Issues
Topic: What equipments should I have for TV installer?
Replies: 43
Views: 1941

Re: What equipments should I have for TV installer?

I'll weigh in with those cautioning about a high mount. Our house was built with several fireplace mantle locations wired for TVs. After putting the first one up in the room I normally watch in, I decided that I detested it. In theory such a small change in angle shouldn't make that much difference....
by Boglegrappler
Mon Sep 02, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Life Expectancy For Those Born in 1960
Replies: 26
Views: 2322

Re: Life Expectancy For Those Born in 1960

You can fiddle around with tables like this to get a rough estimate. Look at the number of people who are alive at age 18, and then the number who are alive at age 59, and you'll have a rough guess. Looks to me like a high school class is likely to have lost 11+% of its members after 41 years. https...
by Boglegrappler
Fri Aug 30, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Any males in their late 40’s recently shop life insurance?
Replies: 29
Views: 3353

Re: Any males in their late 40’s recently shop life insurance?

I cannot think of any situation where I would advise someone to buy life insurance that was not level premium, fixed to end of term. Maybe, as an earlier poster said, those are the only policies that the insurers want to sell today anyway. However, if the problem with "yearly renewable" term is tha...
by Boglegrappler
Wed Aug 28, 2019 7:30 pm
Forum: Personal Consumer Issues
Topic: Purchasing a truck - thoughts?
Replies: 105
Views: 6968

Re: Purchasing a truck - thoughts?

I just sold my first truck after six years and about 50k miles. Contemplating whether to replace it with the same model, the Tacoma, or switch to an SUV like the 4runner. Toyota Tundra. Bought without any experience with trucks, but a lot of experience with Toyota. Pros: Crewcab had lots of room in ...
by Boglegrappler
Mon Aug 26, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Any males in their late 40’s recently shop life insurance?
Replies: 29
Views: 3353

Re: Any males in their late 40’s recently shop life insurance?

I'd love to see those rates posted someplace then. You'd think it would be public information, or maybe I've missed where they are shown.

Sure would make it simpler than calling those term provider and other numbers or using those websites. :)
by Boglegrappler
Mon Aug 26, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Any males in their late 40’s recently shop life insurance?
Replies: 29
Views: 3353

Re: Any males in their late 40’s recently shop life insurance?

I stand by what I said about the call with NWM. My take on it was that if I threatened to cancel the policy, things would be different. Maybe that wouldn't have happened, but that was my take. I didn't have a level term rate. I had a term rate that rose as my age did. The problem was that it increas...
by Boglegrappler
Mon Aug 26, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Any males in their late 40’s recently shop life insurance?
Replies: 29
Views: 3353

Re: Any males in their late 40’s recently shop life insurance?

If what he pays is within normal range then I will drop it. As I said we are close to FI with current expenses, and certainly with some lifestyle changes like selling our home we are definitely FI, so it’s not a huge issue. But again for the sake of the kids I would want to keep life the same for t...
by Boglegrappler
Sat Aug 24, 2019 11:28 am
Forum: Investing - Theory, News & General
Topic: Help me understand stock dividend yield
Replies: 19
Views: 1390

Re: Help me understand stock dividend yield

What OP is seeing is that the market price for a stock embodies the "collective forecast" for the companies. Those numbers are telling you that the "market" doesn't think that those dividends are likely to rise (because they don't think the company's earnings are likely to rise). To a large degree, ...
by Boglegrappler
Sun Aug 18, 2019 10:36 am
Forum: Personal Consumer Issues
Topic: Whole-house generators - Generac, Kohler, or Briggs?
Replies: 145
Views: 7627

Re: Whole-house generators - Generac, Kohler, or Briggs?

I worried about that generator paradox when I got my first one over ten years ago. I had argued with my wife that we'd never had an outage that lasted over 36 hours. Remarkably, it turned out that over the next several year we had multiple outages that lasted the better part of day, and several that...
by Boglegrappler
Sat Aug 17, 2019 9:45 pm
Forum: Personal Consumer Issues
Topic: Aliens have captured my husband [wants to buy a Porsche]
Replies: 138
Views: 11251

Re: Aliens have captured my husband [wants to buy a Porsche]

If your husband has the net worth, purchasing a Porsche is not a problem. It is all about what he can afford. This is an important statement, and it applies broadly. A lot of us have the net worth to afford a lot of things, including the maintenance or carrying costs, but decide that we can't stoma...
by Boglegrappler
Fri Aug 09, 2019 10:23 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 12623

Re: Why do dividends still exist?

For information from the horse's mouth, see:

https://www.berkshirehathaway.com/letters/2012ltr.pdf

Pages 19-21, regarding Buffets views on dividends. It addresses some of the issues raised here.
by Boglegrappler
Sun Aug 04, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Received Significant Raises in Salary and getting Jealousy from Close Colleagues/Friends
Replies: 48
Views: 4768

Re: Received Significant Raises in Salary and getting Jealousy from Close Colleagues/Friends

I learned this lesson from afar. I saw two of my friends, in separate situations and times, experience some success and good fortune that made them a great deal better off than their (former) colleagues. In each case, I got to listen to observations from our circle of acquaintances that made it clea...
by Boglegrappler
Fri Aug 02, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 11985

Re: Insane to buy a sports car?

Others will say you can't spend $80-100K unless that is how much your portfolio rises or falls in a day. :happy
I hadn't heard that said before, but its not a terrible rule of thumb, to be honest.
by Boglegrappler
Thu Aug 01, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: Are all models of Toyota generally considered reliable?
Replies: 52
Views: 5336

Re: Are all models of Toyota generally considered reliable?

Yes, in my experience all Toyota models are reliable. Once I bought a Toyota my life changed forever - for the better. In my opinion, this is gospel. I've owned six and have not been disappointed at all. The first one I owned changed my expectations of a car forever. The four or five occasions that...
by Boglegrappler
Wed Jul 31, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: Whole-house generators - Generac, Kohler, or Briggs?
Replies: 145
Views: 7627

Re: Whole-house generators - Generac, Kohler, or Briggs?

Please think about this for just a moment.... Where we are there are 1,000's of backup gensets installed in a rather small area. Most of these generators are serviced yearly and/or when they have test problems with a call and schedule system serviced by a few dozen folks. If/when emergencies occur ...
by Boglegrappler
Tue Jul 30, 2019 8:08 am
Forum: Personal Consumer Issues
Topic: Whole-house generators - Generac, Kohler, or Briggs?
Replies: 145
Views: 7627

Re: Whole-house generators - Generac, Kohler, or Briggs?

I couldn’t agree more. I am definitely the type that wants to learn how his stuff works, at least to a degree, so that I can address the basic issues myself as they arise. Perhaps that raises another question: For your Kohler, how easy is it to find (and understand) documentation on things like fau...
by Boglegrappler
Mon Jul 29, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: Whole-house generators - Generac, Kohler, or Briggs?
Replies: 145
Views: 7627

Re: Whole-house generators - Generac, Kohler, or Briggs?

I've had two whole house units at different locations. One was a Cummins Onan, and the other (current) a Kohler. Both had initial issues. The Cummins transfer switch had a defective exerciser module that was dead on arrival when installed. It also had a unit in the generator that was somehow "fried"...
by Boglegrappler
Mon Jul 29, 2019 3:19 pm
Forum: Personal Consumer Issues
Topic: Do you buy the highest trim car ?
Replies: 120
Views: 8056

Re: Do you buy the highest trim car ?

I typically have gone with the highest trim level, but don't have much issue with the extra cost. When I've dropped down a level or two, I find that the things that I miss most are the automatic climate control. I really dislike fiddling with the fan and temperature setting repeatedly to get the tem...
by Boglegrappler
Sun Jul 21, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 8343

Re: MBA worth it?

An MBA from Princeton? Good to know that someone won’t be wasting their money getting an MBA from there. :happy Not sure what the gist of the comment was--perhaps making the point I'm about to make; but Princeton is unique among top ranked universities in that its reputation derives almost entirely...
by Boglegrappler
Sun Jul 21, 2019 6:22 am
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 8343

Re: MBA worth it?

The question is too general to answer usefully. Its liking asking if a college degree is worth it. Well, are we talking about an electrical engineering degree from Stanford, an English degree from Penn State, or a kinesiology degree from Western Mountain State? You also have to factor in the persona...
by Boglegrappler
Sat Jul 20, 2019 9:26 am
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 8259

Re: Gold?

It really is worthwhile to read from mid page 17 to page 19 in the Berkshire Hathaway shareholders letter from 2011. Begin where you see this title The Basic Choices for Investors and the One We Strongly Prefer https://www.berkshirehathaway.com/letters/2011ltr.pdf Buffett discusses gold, fixed incom...
by Boglegrappler
Fri Jul 19, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Employed baby: approach to taxes and investing
Replies: 11
Views: 2165

Re: Employed baby: approach to taxes and investing

Excellent situation. Having a young child with wage income is a very good way to get a head start on having financial wherewithal as an adult. Its not easy to find. It also explains why so often you see local businesses (auto dealers, hvac businesses, restaurants, etc.) do their advertisements with ...
by Boglegrappler
Wed Jul 17, 2019 4:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1962
Views: 204663

Re: U.S. stocks continue to soar!

What {edit Moderator Jbranx} is the matter with him? LOL. It's a scary thought to think all of mankind would rely on one person for anything, much less basic needs. That's not going to end well. I'm sorry, but you're missing the point. The point is that high productivity is a good thing. He used th...
by Boglegrappler
Wed Jul 17, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1962
Views: 204663

Re: U.S. stocks continue to soar!

I don't think they care. But, the reality will catch up whether they care or not. It may not be directly germane here, but in an interview a year or so ago Buffett was asked by Beck Quick of CNBC about job elimination happening because of automation and AI. He had an interesting response. Essential...
by Boglegrappler
Tue Jul 16, 2019 10:32 am
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 101
Views: 6256

Re: From ex-dividend to distrubution where is my money?

Let me rephrase the question. How does a company take value out of a stock to pay a dividend without selling stock? It might help your thinking about this to consider how buyers regard a company. When you buy a share of stock, you own that company forever. When a company pays a dividend, you still ...
by Boglegrappler
Sun Jul 14, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Looking at account to get used to fluctuations?
Replies: 15
Views: 953

Re: Looking at account to get used to fluctuations?

Buffett made a comment in an interview in recent years about not looking at your balances. He then clarified-----something to the effect of "There's nothing wrong with looking at stock prices. The problem is that most people think its telling them to 'do something'. " over time, whether equities ret...
by Boglegrappler
Wed Jul 10, 2019 8:04 pm
Forum: Personal Investments
Topic: Math Question
Replies: 13
Views: 1615

Re: Math Question

If I understand the facts correctly, equities are 73% of the fund and international equites are 25% of the fund.

Consequently, international equities are 25/73 of the equities component of the fund, or 34.25% of the equities in the fund.
by Boglegrappler
Mon Jul 08, 2019 8:21 pm
Forum: Personal Investments
Topic: Help - Talk to me like I'm 4 y/o please
Replies: 97
Views: 10884

Re: Help - Talk to me like I'm 4 y/o please

2. She actually refers a lot of clients to me so it's a bit complicated... just sharing that. It's not enough business that it's worth it for me to sacrifice my wealth-building however. I'm a bit concerned about this part of things. You're in a position to judge, but sometimes people can be more im...
by Boglegrappler
Sat Jul 06, 2019 2:38 pm
Forum: Personal Investments
Topic: Do I need a financial advisor to protect myself from myself?
Replies: 46
Views: 4905

Re: Do I need a financial advisor to protect myself from myself?

Keep your decision to manage your own investments separate from a decision to liquidate some or all of them. Just transfer the positions and leave the other question unaddressed for awhile.
by Boglegrappler
Fri Jul 05, 2019 8:44 am
Forum: Investing - Theory, News & General
Topic: Japan and PE Ratio
Replies: 45
Views: 3715

Re: Japan and PE Ratio

Agreed.

The implication of my post is that if the "market" decides/concludes that rates aren't going back to "normal" levels anytime soon, then we might see a large p/e expansion (melt up) in the market, and the risk of a lost decade or whatever may not be so low as some, me included, would like.
by Boglegrappler
Fri Jul 05, 2019 8:28 am
Forum: Personal Investments
Topic: Microsoft bond
Replies: 15
Views: 2134

Re: Microsoft bond

That Bond is trading at a large premium. Yield to maturity is 3.2% currently.

THe bond was issued (sold) by Microsoft in Feb 2011.
by Boglegrappler
Thu Jul 04, 2019 12:40 pm
Forum: Investing - Theory, News & General
Topic: Japan and PE Ratio
Replies: 45
Views: 3715

Re: Japan and PE Ratio

Twenty years ago, the Japanese 10-year govt bond rate fell below 2% and hasn't seen that level since. It currently sits in negative territory, if I'm reading the data correctly. Japan is a very different country from us, but our bond market has repriced its own 10 year treasury from a yield of over ...
by Boglegrappler
Sat Jun 22, 2019 11:01 am
Forum: Investing - Theory, News & General
Topic: Ever been a Ponzi scheme or fraud victim? Other signs?
Replies: 11
Views: 1457

Re: Ever been a Ponzi scheme or fraud victim? Other signs?

I worked at a financial services firm where one of our employees introduced us to Bennett Funding. We had an introductory meeting where one of the sons described all the great things they were doing. I said it all sounded great, and maybe we could find a way to work with them on something. Just send...
by Boglegrappler
Fri Jun 21, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy went up 166%
Replies: 34
Views: 3710

Re: Umbrella policy went up 166%

Teenage girl drivers have killed two pedestrians in our area in the past several years. Further, although I don't know where to find the statistics, the amount of distracted driving going on because of texting is I believe having an impact on accident experience. If anyone knows where the historical...
by Boglegrappler
Thu Jun 20, 2019 3:03 pm
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 145
Views: 15731

Re: Good times: 2008 vs Now

Here's a link to some historical data from the S&P 500 index going back to 1960. http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/spearn.htm I'd note a couple of aspects, but most important is that the market peaked in the late 1960s (this is when the DowJones first hit 1,000), and touche...