Search found 1051 matches

by Boglegrappler
Thu Sep 20, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1499

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

+1 For a regular level term policy the insurance company can do a mortality analysis over the contracted duration of the policy. That's not the same with universal life if it's only one year at a time. It has to be more if it's one year at a time since you can't amortize the risk over a longer term...
by Boglegrappler
Thu Sep 20, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1499

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

My great suspicion is that the rates charged for the yearly term premium were probably inflated as well. I have seen this in my Northwestern Mutual term policies that I plan to let lapse shortly. The rate charged on them is more than double what I think they ought to cost actuarily.
by Boglegrappler
Thu Sep 20, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1499

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

What I don't quite understand from the article is what was the contemplated "exit" from this insurance-investment hybrid. It seems to me that if part of/all of the investment return on the annual "premium" was used to mitigate the steadily rising cost of the term insurance premium.....well, at some ...
by Boglegrappler
Thu Sep 20, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1499

Universal Life article in WSJ 9/20/18

For those with WSJ subscriptions, there is a rather informative article about universal life polices. It discusses the original sales pitches and the fact that in the low interest environment of the past decade, the numbers aren't working out to support the sales rationale. Aging policyholders are r...
by Boglegrappler
Sat Sep 15, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Upcoming visit to Charleston, Flood issues of overhyped media?
Replies: 10
Views: 881

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

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

But Charleston streets flood simply from heavy rainfall. I think you'll need to stay tuned for a couple of days to get a good feel.
by Boglegrappler
Fri Sep 14, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9970

Re: Massive Student Loan Debt - Fiancee

Yeah I'm not seeing the problem with the scenario as described by the OP. His fiancee took out 6 figures of loans for grad school that is stacked on top of $25k of undergrad loans-- welcome to life in the USA. She maxed out her loans so that she could have some cash on hand-- shockingly, people of ...
by Boglegrappler
Thu Sep 13, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: How to help teenager fix silly mistakes in math?
Replies: 50
Views: 3180

Re: How to help teenager fix silly mistakes in math?

Years ago, I was pretty decent at math on things like the SAT and other such tests. I had good competency in the "multiplication tables", which, regrettably, I think very few kids today have. They are ignored by instructors. When I took tests, I cared about getting the right answer, so I was concent...
by Boglegrappler
Thu Sep 13, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Isn't cap weighting less diversified than equal weighting?
Replies: 72
Views: 2976

Re: Isn't cap weighting less diversified than equal weighting?

another way I look at it : cap-weighting is the most diversified if you are trying to spread out your money equally across all corporate EARNINGS, risk-adjusted. Apple is expected to take in far more $$$$ in earnings going forward than XYZ company, thus Apple costs a lot more to own/has a much larg...
by Boglegrappler
Thu Sep 13, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9970

Re: Massive Student Loan Debt - Fiancee

Your situation seems to be worth some concern. If your fiancee has 140k of student debt currently, and another year to go, I'm not sure where the total will be when you are planning to be married. The total seems quite large for what should be a two year masters program? I'm not sure of what these c...
by Boglegrappler
Wed Sep 12, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 7996

Re: My daughter's inheritance.

Some of the advice has been overly complicated. If it were my daughter, I'd invest the money mostly in short term US treasury bills (2-3 years maturity) through a good discount broker (Fidelity or Schwab or Vanguard), and then slowly work it into the market using an S&P500 index fund. The t-bills wi...
by Boglegrappler
Thu Sep 06, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Stay away from Non Traded Reits?
Replies: 23
Views: 1795

Re: Stay away from Non Traded Reits?

One thing that every investor ought to realize is that non-traded investments are a favored device to attract investors to commission-driven sales people. You can sell it and get a large commission right up front. After you sell it, there is no daily quotation, so you don't have to waste your time h...
by Boglegrappler
Wed Sep 05, 2018 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct has awesome phone support! Thanks!
Replies: 16
Views: 1227

Re: Treasury Direct has awesome phone support! Thanks!

Clunky websites require funding to be upgraded, one is always free to make higher tax payments to alleviate the lack of funding. :wink: Organizations that have the need to borrow trillions of dollars might find it in their interest to spend a couple of millions to make it easier for the willing len...
by Boglegrappler
Sun Sep 02, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Installing a new toilet - shut off valve and wax ring
Replies: 33
Views: 2228

Re: Installing a new toilet - shut off valve and wax ring

Teh reason to swap out the shut-off valve is age. If they've been open for many years and you have hard water like we do, the simple fact of closing/opening it to swap out the toilet could cause it to leak as it breaks the crusty seal. I know it did at our house. (20 years old.) Second this. I taug...
by Boglegrappler
Thu Aug 30, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: Can margin be beneficial for long-term investing?
Replies: 61
Views: 3539

Re: Can margin be beneficial for long-term investing?

The risk is that it causes you to be unable or unwilling to stay the course during downturns. It seems to me to greatly raise the likelihood of your deciding that you can't stand the pain, or, the chance that you look at how close you are to a margin call and decide to lighten up "ahead of time" to ...
by Boglegrappler
Mon Aug 27, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: Help with basement issues
Replies: 16
Views: 1517

Re: Help with basement issues

"We also have a wall in the unfinished side of the basement that is seeping water where the floor meets the wall. Today was the first day in nearly 2 weeks that water hasn’t seeped in. The ground has been super saturated and I suspect the water table has finally receeded. I don’t see any visible cr...
by Boglegrappler
Sat Aug 25, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: When do you replace a working desktop computer?
Replies: 27
Views: 2059

Re: When do you replace a working desktop computer?

We had an iMac from about 2010 where the hard drive had some type of corruption and stopped being bootable. After a couple of attempts to resurrect it, we bought a new iMac, and set the old one aside to work on later. I was able to find the youtube instructions for how to replace the hard drive and ...
by Boglegrappler
Sat Aug 25, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Circuit breaker stays tripped
Replies: 29
Views: 2732

Re: Circuit breaker stays tripped

Right, missed that. So if there is a new breaker in the circuit and it still won't reset, the "short" diagnosis is likely correct.
by Boglegrappler
Sat Aug 25, 2018 9:07 am
Forum: Personal Consumer Issues
Topic: Circuit breaker stays tripped
Replies: 29
Views: 2732

Re: Circuit breaker stays tripped

Today's codes are remarkable. The arc fault breakers are a recurring pain-in-the-butt experience. We've had several instances of electrical storms that cause every doggone arc fault breaker in the house to trip. My opinion is that they are far more trouble than they are useful, and that the "need" f...
by Boglegrappler
Mon Aug 20, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Sump Pump Issues - What can I do, if anything?
Replies: 31
Views: 4215

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

Sounds like your sump pump is doing its job, although there may still be some issues for you. Heavy rainfall (sustained downpours) creates different patterns of surface water flows than normal light to moderate rain. I would say that if your sump began to run within an hour of the rain beginning, th...
by Boglegrappler
Mon Aug 20, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Sump Pump Issues - What can I do, if anything?
Replies: 31
Views: 4215

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

And if someone suggested it on here, I guess I missed it. And, the gutter downspouts will be set up so that their outflow does the same. Note: I was told that some years ago, the downspouts were routinely attached to the footing drains at the foundation!!!! In cases where this was done (probably on...
by Boglegrappler
Sun Aug 19, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 68
Views: 12167

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

I have a friend in the NYC suburbs. He reports that houses above the median price in his HCOL area are hard to sell, and virtually none of them sell at the tax assessor's appraised value of them that were done about four years ago. The market is very very soft, with many houses to look at for a pote...
by Boglegrappler
Fri Aug 10, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8054

Re: Should I tell my family/friend that they are making a financial mistake?

acegolfer: In my experience, the best way to convince someone of the many advantages of investing the Boglehead Way, is to give them a good book about investing. I suggest Jack Bogle's latest edition of "The Little Book of Common Sense Investing." Best wishes. Taylor I think that book is one of the...
by Boglegrappler
Wed Aug 08, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 74
Views: 7267

Re: When is leaving your job that pays well a good idea?

Years ago I worked in a "consulting-like" business with high pressure, lots of travel, and feast or famine revenue distribution. The pay was very good. Around the early to mid-thirties age spot, you started to hear people say that maybe they'd get off the treadmill and find a job at a client company...
by Boglegrappler
Mon Aug 06, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about dividend tax.
Replies: 6
Views: 608

Re: Questions about dividend tax.

Use the dinkytown tax calculator to play around with hypothetical incomes. It will help you understand how the dividends are taxed and how that interacts with other income. The journalists who report these things aren't all that good at illuminating how things actually work.
by Boglegrappler
Mon Aug 06, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Baby on way: life insurance Qs
Replies: 27
Views: 1512

Re: Baby on way: life insurance Qs

The general point I’m trying to make is that life insurance was conceived of in a time when the man was the sole breadwinner and the wife was a SAHM without any outside career prospects. Hardly what most families look like today. Obviously you need life insurance on both spouses if both are contrib...
by Boglegrappler
Sat Aug 04, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7524

Re: The stock market is shrinking.

Its an interesting topic for discussion and consideration, but the article doesn't do the topic justice. For example, given the observation that the top 200 companies were the only ones that were profitable ( I doubt this), maybe having fewer of the money losing companies would be better for the eco...
by Boglegrappler
Sat Aug 04, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Has anyone programmed their own hearing aids?
Replies: 8
Views: 659

Re: Has anyone programmed their own hearing aids?

Well, I went to costco after concluding that my degree'd audiologist was technically incompetent, and a little patronizing to boot. Not to mention expensive. The issue with programming is that it sets the boundaries of the parameters that are adjustable with the hearing aid's remote control. I have ...
by Boglegrappler
Sat Aug 04, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Has anyone programmed their own hearing aids?
Replies: 8
Views: 659

Re: Has anyone programmed their own hearing aids?

I'm in the same boat with you. I'd like to be able to make my own adjustments. ON my aid, which was only programmed at costco, they have a windows computer program interfacing with the aid through a device called a hi-pro. I've seen them for sale on eBay and elsewhere, but you still have to get a co...
by Boglegrappler
Thu Aug 02, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of higher property taxes on home price
Replies: 45
Views: 2436

Re: Impact of higher property taxes on home price

And while the tax cut might give you the same net, it shifts the rent versus buy. If buying and renting were both 30k/yr and buying goes to 40k, either rents rise or more people switch to renting. Where exactly the new equilibrium ends up is anyone's guess. The rent/buy decision becomes very intere...
by Boglegrappler
Fri Jul 27, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Crabgrass weed killer
Replies: 16
Views: 1366

Re: Crabgrass weed killer

In our northeastern location, I've learned that it takes two applications of pre-emergent crabgrass preventer to keep it under control. The first has to be applied by the time that the forsythia bloom, which is early spring. If you're too late, it doesn't work. The second needs to go down late in Ju...
by Boglegrappler
Mon Jul 23, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Mother-in-Law criticizing my wife over our recent house purchase
Replies: 38
Views: 3054

Re: Mother-in-Law criticizing my wife over our recent house purchase

I'm not sure how to handle this, other than just reassure my wife that it is ok and we made the right choice. I'm really worried about my mother-in-law going on about this when she visits, and seriously stressing out my wife and hence myself.......... I'm likely closer to your MIL's age, and our ge...
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: 45
Views: 2907

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: 2182

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: 3085

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: 1426

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: 3749

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: 8253

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: 1318

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: 3781

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: 6690

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: 47
Views: 4245

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: 5824

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: 4756

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: 3287

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: 7646

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: 1794

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: 1794

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: 3287

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: 4435

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: 2024

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...