Search found 1020 matches

by Boglegrappler
Sun Jul 22, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Where to go next? 24, grad student, pepsi, roth etc
Replies: 42
Views: 1998

Re: Where to go next? 24, grad student, pepsi, roth etc

Regarding estimating the effect of capital gains, and judging whether they will be taxable or not, try using the calculator at Dinkytown. It seems to be decently accurate. https://www.dinkytown.net/java/1040-tax-calculator.html I've used it to estimate 2018 and compared it to my "by hand" calculatio...
by Boglegrappler
Sat Jul 21, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: Housing Starts Drop Sharply -- Barrons.com
Replies: 7
Views: 1952

Re: Housing Starts Drop Sharply -- Barrons.com

I've never understood the reporting of data (that is obviously seasonal) on a month-to-month basis rather than compared to the same month last year. Journalists compound this problem by touting changes as though they mean something. I'd look up the number from last year, and compare this years month...
by Boglegrappler
Thu Jul 12, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2859

Re: Grandpa's 88 and has term life insurance

Looks like a male probability of death at age 89 is about .15 or so. So a premium of about 15,000 for a 100k policy would leave the insurance company about breaking even (that ignores their costs of being in business like sales, administration, etc.). The 900/mo x 12 is 10,800 annually, so if anythi...
by Boglegrappler
Thu Jul 12, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Preparing for military retirement
Replies: 10
Views: 1225

Re: Career Advice: Preparing for military retirement

I'm not sure your MBA plan is that useful to you. If I were you, I would do everything possible to generate a "network" that comprised military retirees of similar age and rank who made the transition. I have no idea of how you'd do this. But you need their guidance because the road you're about to ...
by Boglegrappler
Wed Jul 11, 2018 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Compensation
Replies: 21
Views: 3571

Re: Compensation

Years ago I knew a guy who worked for the federal government and was a GS-9. He was surrounded by people who told each other that they could earn more in the private sector, but for some reason they never left. He put forth an active effort to transfer his skills elsewhere, and said that everyone he...
by Boglegrappler
Mon Jul 09, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7500

Re: Whole Life - We're doing it. What to look for?

The issue with whole life is that is a blended "product" that mixes an investment feature with life insurance. I have a fairly good background in finance, was pretty good at math, and have degrees from schools that would suggest that I could understand a broad range of things. I always found it impo...
by Boglegrappler
Sat Jul 07, 2018 8:38 pm
Forum: Personal Consumer Issues
Topic: Just purchased the new 2018 Jeep Wrangler
Replies: 12
Views: 1244

Re: Just purchased the new 2018 Jeep Wrangler

It is a vastly improved vehicle.
I'd be interested in specifics. On the Toyota off road boards, the joke is that Jeep stands for Just empty every pocket.

But if there are important advances, everyone would like to hear.
by Boglegrappler
Fri Jul 06, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone hear of or invest in Rich Uncles?
Replies: 18
Views: 3447

Re: Anyone hear of or invest in Rich Uncles?

No one has filed a complaint directly,” said Harold Hofer, chief executive of Rich Uncles, adding that the firm is regulated by the Securities and Exchange Commission. This is a good spot to make a point about SEC "regulation". When it was originally formed, there was an issue of whether the SEC sh...
by Boglegrappler
Wed Jul 04, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 87
Views: 6215

Re: Older Women Lifting Weights

Years ago in the YMCA where we went to get some competition once a week, there was a sign that stated something to the effect that the human body was the only machine that wore out if you didn't use it.

Regrettably, my own discipline level isn't as high as it should be.
by Boglegrappler
Wed Jul 04, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 42
Views: 2899

Re: Tire experts? Can I trust a patched tire?

Sidewalls flex when you go around curves. If you go around curves fast, or if you have a long curve at high speed, the sidewall flexes a lot. It's completely different for the flat part of the tread, which basically doesn't flex. I don't think there is any blowout risk. The risk is that the patch co...
by Boglegrappler
Tue Jul 03, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Rodents ate my car!
Replies: 61
Views: 5398

Re: Rodents ate my car!

I've had mice chew through the thermostat wiring for a large air conditioning unit. Also chewed through the solenoid wire in an irrigation system box. Also built a home in an outdoor lighting transformer and chewed up the transformer wiring.

I'm not sure what the cure is.
by Boglegrappler
Mon Jul 02, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: Why is warren buffet okay with no owning any bonds?
Replies: 48
Views: 4587

Re: Why is warren buffet okay with no owning any bonds?

These discussions surprise me every time they occur.

See http://www.berkshirehathaway.com/letters/2011ltr.pdf

and read from the bottom of page 17 to get a basic understanding of Buffett's view about bonds, stocks, and other investments.
by Boglegrappler
Mon Jul 02, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: Are Hedge funds basically scams?
Replies: 36
Views: 3081

Re: Are Hedge funds basically scams?

Just for the sake of accuracy, I don't think the Madoff fiasco was a hedge fund. I think he characterized himself as a money manager who ran brokerage accounts for people. I think with the number of investors he misled, he would have been over the limits for the hedge fund exemptions. This is also w...
by Boglegrappler
Sun Jul 01, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: You Can Market Time At Valuation Extremes
Replies: 64
Views: 7373

Re: You Can Market Time At Valuation Extremes

When I worked in the investment business years back, I had a colleague who made some pretty smart observations that are relevant to market timing. It's fairly well known the the equity market is a leading indicator of recessions and recoveries. The lead time, I believe, is generally thought to be si...
by Boglegrappler
Sun Jul 01, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: Whole House Generator
Replies: 18
Views: 1678

Re: Whole House Generator

I think the answer to the lightning surge protector question is that it's not common to have protection for the control circuitry. When my Cummins Onan board was replaced, the service guy made a comment that made me think that they had upgraded the board since the date of manufacture of my unit. Her...
by Boglegrappler
Sun Jul 01, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Whole House Generator
Replies: 18
Views: 1678

Re: Whole House Generator

Cummins uses a Chinese engine General uses a Chinese engine Kohler uses and an engine built in Kohler, WI The Cummins I owned used a GM engine. So does the Kohler that I own now. A lot of people have Generacs, but my unscientific sense of it is that they are less reliable than Kohler and Cummins. H...
by Boglegrappler
Sun Jul 01, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: Are Hedge funds basically scams?
Replies: 36
Views: 3081

Re: Are Hedge funds basically scams?

A hedge fund could be a scam. Scams are independent of the form of organization used to perpetrate them. Scams come from individuals, partnerships, corporations, non-profits, governments, religious organizations, and even from your family. :) Hedge fund has become a "catch-all" description which is ...
by Boglegrappler
Wed Jun 27, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: MBA Options
Replies: 46
Views: 4216

Re: MBA Options

My undergrad is UMD as well, so some will say I'll get a second network if I go to a different school, but I have gotten 0 help from the UMD network so far, so I don't think networks are all they're cracked up to be. Networks are over-rated, and misapprehended by those who don't feel that they have...
by Boglegrappler
Wed Jun 27, 2018 9:07 am
Forum: Personal Consumer Issues
Topic: those with whole home generators: who installed it?
Replies: 28
Views: 1841

Re: those with whole home generators: who installed it?

I'm in an area where many people have generators. Coastal storms and lots of trees can lead to situations where power is out for days. I've owned Cummins Onan and Kohler. I've steered clear of Generac because of reliability reports/rumors, including the low oil problem. Also, I wanted a company whos...
by Boglegrappler
Mon Jun 25, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand Roth vs Traditional IRA
Replies: 34
Views: 1486

Re: Help me understand Roth vs Traditional IRA

Capital gains and dividends currently are taxed at lower rates than ordinary income. The traditional IRA withdrawals are all taxed at ordinary income rates, Roth withdrawals are not taxed. If you are going to own stocks in a traditional IRA, you are forgoing the favorable tax treatment of capital ga...
by Boglegrappler
Mon Jun 25, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC: Social Security buying power has slipped by a third for retirees
Replies: 95
Views: 6976

Re: CNBC: Social Security buying power has slipped by a third for retirees

That is hilarious. However, those rates are unusual. I'm not so sure they are. It was in a high cost of living area, to boot. in any case, the OP has it right. If you have the wherewithal to save, its highly advisable. All the more reason to have plenty of additional floor income in retirement; per...
by Boglegrappler
Mon Jun 25, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC: Social Security buying power has slipped by a third for retirees
Replies: 95
Views: 6976

Re: CNBC: Social Security buying power has slipped by a third for retirees

Not terribly surprising, given the exponential increase in healthcare. I'm not quite sure where the increase, if any, is coming from. A friend just had robotic abdominal surgery and the surgeon got paid $600 by medicare, while the anesthesiologist raked in a whopping $125. I'm paying an appliance r...
by Boglegrappler
Mon Jun 25, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 122
Views: 12485

Re: Why not go 100% stocks?

I think the issue is behavioral. Being 100% in stocks is going to put you, at some point, with certainty, at risk for not "staying the course'. Once you've decided to modify the 'stay the course' rule, then you are at sea and all bets are off. Take a look at what happened in the late 60s til August ...
by Boglegrappler
Thu Jun 21, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: HVAC installer just asked to borrow money..
Replies: 10
Views: 2119

Re: HVAC installer just asked to borrow money..

Credit is profusely available to even the most marginal borrower. He can easily go to a bank, use a credit card, or any number of other ways to access a loan. Just say that you don't make personal loans to anyone. I guess he figured if I had the cash on site to pay that rate when trapped in my house...
by Boglegrappler
Thu Jun 21, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: help, inheritance of $3.5M, read & read BogleH, & still in the dark
Replies: 33
Views: 4475

Re: help, inheritance of $3.5M, read & read BogleH, & still in the dark

Seems the advise concept is basically 80% in an extremely safe diversified preferred stock portfolio currently paying about 4% annual dividends. Buy a home using a portfolio loan (this family member tells me that's how the big dogs do it). Live off the dividends. You should be aware that if you sel...
by Boglegrappler
Wed Jun 20, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Consolidated List of Income Limits and Phaseouts for Federal Income Tax
Replies: 4
Views: 855

Re: Consolidated List of Income Limits and Phaseouts for Federal Income Tax

Looks like the link document was written before the passage of the last tax reform bill. Interesting history, but not correct today.
by Boglegrappler
Wed Jun 20, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: McKinsey: Rising corporate debt: Peril or promise?
Replies: 6
Views: 803

Re: McKinsey: Rising corporate debt: Peril or promise?

Time would be better spent reading these to get a better idea of who and what in fact McKinsey really is: A quick glance at those titles tells me that I have about 500 plus better things to do than to waste time with some whining leftist non-American who thinks McKinsey and its business is some kin...
by Boglegrappler
Thu Jun 14, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]
Replies: 40
Views: 8029

Re: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]

The journal article notes that George Stephanopolous was an investor as well. Hard to know what to make of that without knowing the size and the circumstances of the investment. It's not unheard of for aggressive brokers to get a celebrity client involved in something in order to use their name as a...
by Boglegrappler
Mon Jun 11, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: How and what age to start piano lessons?
Replies: 13
Views: 1220

Re: How and what age to start piano lessons?

- If at all possible, get them a real piano and not an electric keyboard. Even the most expensive ones are lifeless compared to playing on a real wood and metal piano. Yamaha weighted-key digital pianos are quite satisfactory, can be moved easily by two people, and can use headphones for practice. ...
by Boglegrappler
Mon Jun 11, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5606

Re: Strategy for a prolonged bear market

For those old enough, the Dow hit 1000 in the late 60s and then again around 1972 (I'm not looking this up, but going from memory), and in mid summer 1982 was knocking around 800-850 or so. Not sure what the S&P 500 was doing over that period. The Dow bottomed in 74 or 75 around 450ish. I'm not sure...
by Boglegrappler
Tue Jun 05, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3251

Re: WSJ:Social Security Expected to Dip Into Its Reserves This Year

Too many are maxing out. In order to remain solvent, high earners (and their employers that pay the other half) need to pitch in more There are lots of articles on the social security site itself about this. Most, I believe, agree that so-called means testing doesn't work well. That's in part becau...
by Boglegrappler
Mon Jun 04, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Ed Slott Report "How Having Multiple IRAs Can Help Bequest Planning"
Replies: 4
Views: 732

Re: Ed Slott Report "How Having Multiple IRAs Can Help Bequest Planning"

I believe the article is mistaken on one important point. He writes implying that inherited Roth IRAs have no required minimum distribution. This is not true for a Roth that is inherited, as far as I know. If you inherit a Roth IRA you have to begin rmds shortly afterwards. Of course, these distribu...
by Boglegrappler
Mon Jun 04, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4988

Re: Best case to convert a Bogle skeptic?

Not sure I have any helpful suggestions, but...... One of the reasons its hard to persuade someone is that a comparison to the index return is hard to make. If someone has an account that has multiple investments, even just a few transactions a year that change the composition, and perhaps cash infl...
by Boglegrappler
Sun Jun 03, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Gift tax exclusion - gifting to multiple people who then gift to one person?
Replies: 19
Views: 1901

Re: Gift tax exclusion - gifting to multiple people who then gift to one person?

The case cited in the link needs to be read carefully. The court makes a point that they normally would take the form of the transaction as indicating the substance. The reason that they decided as they did had to do with the fact that the wives immediately transferred the gifted shares to their hus...
by Boglegrappler
Sat Jun 02, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about accumulating funds
Replies: 13
Views: 1177

Re: Confused about accumulating funds

Wouldn't such an option (again, assuming identical performance) be better ? Pretty much as if i did take the S&P500 mutual/ETF that is reinvesting automatically and kept it in a tax-deferred account (401k) ? Yes, it would be better, using your assumptions. It keeps you from being taxed on the divid...
by Boglegrappler
Sat Jun 02, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Value of Umbrella Insurance Policy
Replies: 18
Views: 2001

Re: Value of Umbrella Insurance Policy

It would be against the rules of evidence to introduce at a jury trial either the defendant's net worth or the defendant's policy limits. It's always been my understanding that the limits of insurance coverage were "discoverable" in the legal process. Maybe that's different than being able to intro...
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: 64
Views: 5890

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: 672

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: 21
Views: 1266

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: 6900

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: 12075

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: 1897

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: 2245

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: 2077

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: 6732

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: 6502

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: 6732

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: 2376

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: 3320

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: 6732

Re: Berkshire Hathaway B

I'm already in Apple, and at a better price and entry point than BRK got in the first quarter. :)