Search found 1078 matches

by Boglegrappler
Wed Nov 14, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Won a lawsuit after a wrongful death in the family. How to invest?
Replies: 18
Views: 2777

Re: Won a lawsuit after a wrongful death in the family. How to invest?

Congratulations on finding this site and having the ability to apprehend its benefits. So, if you have 300k left to invest after the house, I would put the whole amount into a short treasury fund that would yield close to 3% (which would give you an incremental pretax income of about 9,000 annually,...
by Boglegrappler
Mon Nov 12, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 2647

Re: How long have you had, or did you have, your HP-12C calculator?

1981 is about right and they cost over $200 at the time as I recall . My recollection is that that cost around $90 from the discounters. We wanted to get one for all our associates and called down to purchasing and they quoted a price that was half again as much as what we'd seen advertised in the ...
by Boglegrappler
Mon Nov 12, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 2647

Re: How long have you had, or did you have, your HP-12C calculator?

I've had mine since they were introduced. Online sources say that was 1981, although I have an inclination to think it might have been a bit earlier. My memory isn't that precise. They were fantastic at the time because the battery life was very, very long, they did all the present value and discoun...
by Boglegrappler
Sat Nov 10, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4769

Re: Doing taxes by hand

I did my taxes by hand, laid out on the dining room table, usually in two weekends. At that time, my tax situation was fairly simple. I agree with the position that doing them manually is instructive, and you'll understand better what's going on. The caveat, though, is that if your situation is at a...
by Boglegrappler
Mon Nov 05, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: no dividends in index funds!
Replies: 95
Views: 9254

Re: no dividends in index funds!

Just for my own information, I looked up how many and which stocks in the S&P 500 do not currently pay a dividend. If my counting is right, its about 75 of the companies that do not pay one. I found the information on Barchart.com, which seems to be a relatively informative site for those interested...
by Boglegrappler
Mon Nov 05, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 7935

Re: Teaching kids there is an ample amount of money

My message to kids is that you are destitute unless you develop the abilities and work capacity to do something that other people are willing to trade their money for. No one owes you anything. You have no right to anything. But if you develop the right skills and work ethic, you can take care of yo...
by Boglegrappler
Thu Nov 01, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6291

Re: Is an MBA worth it these days?

These discussions always surprise me a little bit. There are two kinds of organizations: Those that have an annual hiring program that channels young people into the firm, and has a competitive path or "track" that is relatively defined. And those that from time to time hire a person or two at a jun...
by Boglegrappler
Thu Nov 01, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5687

Re: Tax refunds expected to be 26% more in 2019

Boglegrappler wrote: ↑Tue Oct 30, 2018 9:22 pm During the tax changes last year, an example of a typical median income family was published in one of the newspapers and it showed that their tax bill declined by about 75% under the current law . Not my recollection; did a search and here was the fir...
by Boglegrappler
Thu Nov 01, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9254

Re: Girlfriend's Student Loans

There are spouses who are a good deal even if they are teachers with 100k of student debt.

And some aren't.

You have two years to figure it out. In the meantime, save a little more if you can. It will make life easier if you decide she's one of the first group.
by Boglegrappler
Tue Oct 30, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5687

Re: Tax refunds expected to be 26% more in 2019

Its not surprising to me. During the tax changes last year, an example of a typical median income family was published in one of the newspapers and it showed that their tax bill declined by about 75% under the current law. That "somehow" got buried in the news coverage. So I don't doubt the title of...
by Boglegrappler
Tue Oct 30, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Dividend yields
Replies: 7
Views: 1028

Re: Dividend yields

I found a chart that gives the history of S&P 500 dividend payout ratios.

Not sure exactly how its compiled, and what it might exclude, but its one piece of data.

See figure 16 in the linked publication from Ed Yardeni.

https://www.yardeni.com/pub/stmktbriefrevearndiv.pdf
by Boglegrappler
Mon Oct 29, 2018 8:43 pm
Forum: Investing - Theory, News & General
Topic: Dividend yields
Replies: 7
Views: 1028

Re: Dividend yields

I haven't examined the trend in the payout ratio over the past couple of decades. I think there was a shift from many decades ago, but I'm not sure there's been much change in the average or median payout ratio over the past ten or fifteen years.
by Boglegrappler
Mon Oct 29, 2018 8:04 pm
Forum: Investing - Theory, News & General
Topic: Dividend yields
Replies: 7
Views: 1028

Re: Dividend yields

The lower dividend yields that have presented themselves in recent years are a function of lower rates of return on alternative investments (notably bonds). This results in the market bidding up equity prices, which means investors are accepting a lower "earnings yield". (Earnings yield is the inver...
by Boglegrappler
Thu Oct 25, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Making a substantial gift to a college
Replies: 27
Views: 2075

Re: Making a substantial gift to a college

Cynically stated, the admissions benefit that your kids might get in 20 years from a current donation will depend mightily on their qualifications at the time, and the prospects at that time of receiving additional donations from you. Just decide if making the gift makes you feel happy today. I'd al...
by Boglegrappler
Mon Oct 22, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Too Much Apple [AAPL] Stock
Replies: 55
Views: 5870

Re: Too Much Apple [AAPL] Stock

Its worth observing that some of the discomfort with high concentrations of very successful companies can only be remedied by applying the reverse of conventional investing wisdom. "Cut your profits and let your losses run." :) I have a similar problem" with Amazon currently. I don't intend to corre...
by Boglegrappler
Mon Oct 22, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRS - Anyone deal with you owe us more tax letter?
Replies: 13
Views: 1828

Re: IRS - Anyone deal with you owe us more tax letter?

It varies, but it can take them as much as 6-8 weeks to get around to responding.
by Boglegrappler
Mon Oct 22, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Sequoia or Land Cruiser
Replies: 25
Views: 1366

Re: Sequoia or Land Cruiser

The Sequoia is a Tundra (truck) frame, but not quite as long. It's built in San Antonio. The Landcruiser is also a truck frame, but is built in Japan and imported. The landcruiser is more "solid" than the Sequoia, but, I believe, has slightly less towing capacity. If someone were giving me one or th...
by Boglegrappler
Wed Oct 10, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7814
Views: 1605426

Re: U.S. stocks in freefall

This looks like some short covering to me. The only "news" is that stocks are going down today a lot more than usual. Personally, I don't let days like these bother me anymore. I understand that these comments are a mix of sarcasm and hyperbole. But you do understand that short-covering runs the st...
by Boglegrappler
Wed Oct 03, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 11953

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

No opinion, but, as a frame of reference, I just had a leaking coil in a 3.5 ton air handler unit replaced. I didn't feel I got a great price, but it totaled $2000 for a replacement coil, a new charge, and installation of the coil.
by Boglegrappler
Sat Sep 29, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Water on Countertop in Basement
Replies: 15
Views: 1244

Re: Water on Countertop in Basement

Two anecdotes: I once saw a pinhole leak from an ice maker supply line intermittently spray water in a rather light mist way. I also had a mystery puddle in my basement which turned out to be coming from a pinhole leak in the discharge tube from the condensate pump on the air conditioner. The pump d...
by Boglegrappler
Fri Sep 28, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4574

Re: Warren Buffet Portfolio Critique

I’ve posted here that a wealthy guy told me he advises “two years’ expenses in cash and the rest in the S&P 500”. It’s what he does, he says. Here’s that discussion: That's an interesting way to look at it. How that would translate to the equity/fixed income allocation really depends on what the pe...
by Boglegrappler
Fri Sep 28, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Deductibles
Replies: 19
Views: 1500

Re: Auto Deductibles

I have the same feeling about this. Everytime I asked about the rates, I concluded that the higher deductible wasn't worth it, and that the deductibles were probably mispriced. I had(have) plenty of wherewithal to self-insure for any deductible that they offered, but it just didn't seem to make much...
by Boglegrappler
Fri Sep 28, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Framing concerns for new construction/custom build
Replies: 16
Views: 1680

Re: Framing concerns for new construction/custom build

What do you know that the structural engineer doesn't know? You know that you have to live in the house, and that you will bear the cost of any repairs. I doubt that there is any recourse against the structural engineer, and probably none against the builder either. Are the trusses really so expens...
by Boglegrappler
Thu Sep 27, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6158

Re: Economic reasons for rate increase by the Fed?

One of the largest reasons for the recent rate increases is that the Fed has only a couple of tools at its disposal. The use of "quantitative easing" in the past years amounts to printing money to buy securities, and that's something that they're not particularly comfortable with. The Fed much prefe...
by Boglegrappler
Wed Sep 26, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: DIYers Taking a Toll
Replies: 50
Views: 6575

Re: DIYers Taking a Toll

Clearly the indexing trend is pinching the traditional bastions of the brokerage and fund management business. I saw an ad the other night that was clearly aimed at disparaging the use of index funds, although it never used the word. They substituted the idea of "average" and then went on to denigra...
by Boglegrappler
Wed Sep 26, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: Equities as a hedge against inflation
Replies: 36
Views: 2553

Re: Equities as a hedge against inflation

Read Buffetts letter from 2011, pages 17-19 http://www.berkshirehathaway.com/letters/2011ltr.pdf From the letter, and an important point: Whether the currency a century from now is based on gold, seashells, shark teeth, or a piece of paper (as today), people will be willing to exchange a couple of m...
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: 1611

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: 1611

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: 1611

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: 1611

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: 927

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: 10425

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: 3339

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: 3156

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: 10425

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: 64
Views: 8989

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: 1866

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: 21
Views: 1851

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: 2298

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: 3773

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: 1553

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: 2102

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: 2766

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: 2766

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: 4442

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: 4442

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: 12389

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: 8173

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: 7397

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...