Search found 1135 matches

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: 1251

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: 3344

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: 85
Views: 8560

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...
by Boglegrappler
Thu Jun 20, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: First Child - Writing a Will
Replies: 11
Views: 681

Re: First Child - Writing a Will

I would encourage you to write your wills recognizing that you both could die prematurely, and simultaneously. We did this, and I think many people write their wills assuming that only one of them might die prematurely. If you have the worst case situation and you haven't given proper thought to gua...
by Boglegrappler
Thu Jun 20, 2019 8:13 am
Forum: Investing - Theory, News & General
Topic: Indexing VS. buying Berkshire Hathaway stock?
Replies: 34
Views: 2761

Re: Indexing VS. buying Berkshire Hathaway stock?

I own a bit of BRK.B and am happy with it. I wish I had bought it many years before I did. When Warren Buffet dies, the "mystique" will likely go with it and whatever premium investors were willing to pay for it. Whatever mystique it has comes for free. It sells at less than the market multiple of e...
by Boglegrappler
Wed Jun 19, 2019 8:39 am
Forum: Investing - Theory, News & General
Topic: A. Gary Shilling on Treasuries (TBond Bull)
Replies: 11
Views: 1301

Re: A. Gary Shilling on Treasuries (TBond Bull)

Shilling has several books on deflation, mostly published some time back, but well written and informative. The takeaway is that there have been times when there was secular deflation without depressions. Available on Amazon, of course.
by Boglegrappler
Fri Jun 14, 2019 9:43 am
Forum: Personal Investments
Topic: Do Preferred securities let you sleep well at night?
Replies: 26
Views: 2771

Re: Do Preferred securities let you sleep well at night?

lack_ey has the general gist of preferreds pretty well expressed. From a corporate point of view, I always viewed preferreds as a "capitulation" financing. Usually the company needed cash because of marginally profitable (or unprofitable) operating conditions. They also usually had completely maxed ...
by Boglegrappler
Thu Jun 13, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: UGMA Tax Efficiency
Replies: 6
Views: 403

Re: UGMA Tax Efficiency

Unless I'm not up to date, the 31 days that applies to wash sales (used to capture losses for tax purposes) doesn't apply to sales and repurchases where there are gains.
by Boglegrappler
Thu May 23, 2019 6:51 am
Forum: Personal Consumer Issues
Topic: Best small AWD to 'drive into the ground'
Replies: 87
Views: 6142

Re: Best small AWD to 'drive into the ground'

4runners and LandCruisers tend to perform pretty well in the snow. They also last a long time. Landcruisers cost a lot, but 4runners don't. The new Nissan Armada based on the Nissan Patrol likely does pretty well in the snow, although I've got no direct experience. You can buy the lower end models f...
by Boglegrappler
Sun May 12, 2019 12:36 pm
Forum: Personal Consumer Issues
Topic: Ever Had an Animal Stuck in Chimney? What Did You Do?
Replies: 32
Views: 2089

Re: Ever Had an Animal Stuck in Chimney? What Did You Do?

We had a similar situation years ago that turned out to be a raccoon maternity ward. Had to call an animal removal specialist, who received up to the ledge to get the "babies". They came out hissing and snarling and looked like they would have inflicted some serious damage on any average joe who wou...
by Boglegrappler
Sat May 11, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: Drill well today or drill well later?
Replies: 26
Views: 2141

Re: Drill well today or drill well later?

My water comes from a well. If I were in your situation, I think I would drill the well when I needed it, and not before. Especially not years before. I'm not sure how you monitor and maintain a well sitting out there by itself with no normal usage. My advice is to wait. You're parsing the financial...
by Boglegrappler
Thu May 09, 2019 10:49 am
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11301

Re: Rarely used items that are worth having?

Most of the ice dams I've seen are caused by inadequately ventilated attics. A well vented cold attic with soffit vents will usually suffice. (unless you push the insulation too far and block the soffits which is common.) Indeed this is the case. If you can keep the underside of the roof as cold as...
by Boglegrappler
Thu May 09, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: How to reduce dividends?
Replies: 27
Views: 4959

Re: How to reduce dividends?

There are several problems with attempting to avoid dividend income. In the S&P 500 group, there are about 80 companies that pay no dividend. If you owned a fund that owned only those, you'd have no dividend income from the fund. If the fund owns other stocks that do pay dividends, they have to dist...
by Boglegrappler
Sat May 04, 2019 12:01 pm
Forum: Personal Investments
Topic: Oil Company Investment
Replies: 19
Views: 1401

Re: Oil Company Investment

I used to do some oil exploration company finance work. If you want to gamble, you can go ahead. But most people have no concept whatsoever of the difference in resources (both human and capital) between the independent exploration companies and the major and sub major oil companies. It is the diffe...
by Boglegrappler
Sat May 04, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11301

Re: Rarely used items that are worth having?

In the interest of accurate information and understanding, a snow roof rake looks like this. https://www.truevalue.com/roof-snow-rake-16-ft-long?cid=gooshop_google_b&ctcampaign=4680&ctkwd=&ctcreative=44622122499&ctplacement=&ctadpos=1o4&ctmatch=&ctlocid=9003438&cttrgtid=pla-296897550865&ctfeedid=&ct...
by Boglegrappler
Sat May 04, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11301

Re: Rarely used items that are worth having?

When I acquire a newer car, it usually replaces a car I've been driving for awhile. I just relocate the jumper cables. Maybe you should consider saving the cost of cables when you buy your next car? :) As it happens, several of my car acquisitions have been to replace cars I sold to my kids, while ...
by Boglegrappler
Sat May 04, 2019 2:17 am
Forum: Investing - Theory, News & General
Topic: Reversion to the Mean Is Dead?
Replies: 63
Views: 6764

Re: Reversion to the Mean Is Dead?

I think “reversion to the mean” doesn’t belong in this story so much. He’s really noting that disrupters are a natural part of Schumpeter’s Creative Destruction......and, that some companies that appear “cheaply priced” might be trading that way for good reasons. I don’t see the article as “the mark...
by Boglegrappler
Fri May 03, 2019 7:38 pm
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11301

Re: Rarely used items that are worth having?

Jumper cables. When I was young and drove old cars I needed them a lot. Not so much now, but it will also give you a chance to be a Good Samaritan occasionally. When I acquire a new car, the first thing I buy is a set of jumper cables to keep in it. They see use every couple years or so...sometimes...
by Boglegrappler
Thu May 02, 2019 2:45 pm
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 6073

Re: Car lost acceleration

This seems unlikely, but I'll pass it along. Years ago, I made a long trip home from college in a Pontiac that had the lack of acceleration symptom, and also very gradually slowed down over time, with the temperature light eventually coming on. After pulling over and waiting a while, it ran ok until...
by Boglegrappler
Sun Apr 28, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: weber grills
Replies: 34
Views: 2841

Re: weber grills

I second the comments about size being important. I have a four burner Weber and if we have guests there is not a lot of excess cooking area.
by Boglegrappler
Tue Apr 23, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 967
Views: 97089

Re: "S&P 500 Index closes at record high"

It would do "Bogleheads" well to reflect on the fact that if it weren't for short term and intermediate term volatility, every day would be a record high. Contemplating that would help get mitigate some of the self-inflicted "noise" that appears regularly in the forum. That is at the core of Bogle's...
by Boglegrappler
Sat Apr 20, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: I need advice on cleaning a toilet. How to you clean this part of the toilet? What is the best thing to use?
Replies: 44
Views: 5186

Re: I need advice on cleaning a toilet. How to you clean this part of the toilet? What is the best thing to use?

I've had a problem in the toilets with a lime type buildup at the waterline that nothing seems to be able to remove easily. After trying a lot of things, I tried using a griddle screen pad that is sold by restaurant supply stores to clean flat griddles. It removed the encrusted lime ring with not mu...
by Boglegrappler
Wed Apr 17, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: Basement water issues
Replies: 37
Views: 2964

Re: Basement water issues

I'm not sure I have any solution for you, but I do have some experience in these matters. From your description, I think it seems likely that you are getting "surface water" into the basement. By that I mean water that arrives at the point of ingress relatively quickly during or following a storm. T...
by Boglegrappler
Thu Apr 11, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes in Retirement
Replies: 31
Views: 3027

Re: Paying Estimated Taxes in Retirement

I've used this calculator from time to time. I also hand-checked it against turbo tax. It seems decently accurate. Takes a bit of getting used to the format. You'll have to do your own calculation about withholding and estimates, but this one will let you know what your federal tax bill will be if y...
by Boglegrappler
Wed Apr 10, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Not much work at new megacorp job
Replies: 70
Views: 5622

Re: Not much work at new megacorp job

The problem with this situation is that it really is unsustainable. At some point, someone will take a hard look at who has been doing what. When that happens, you don't want to be in this same situation. How to correct it is anybody's guess, but the longer this goes on, the more at risk you are, an...
by Boglegrappler
Sat Apr 06, 2019 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds considering moving to NYC...advice and insight appreciated.
Replies: 51
Views: 4503

Re: Newlyweds considering moving to NYC...advice and insight appreciated.

My sense of this is that moving into New York is a very bad idea. All you really have in life is your time. Moving to NYC in your current work circumstance is going to use up quite a bit of your most scarce resource, and it will also consume quite a bit of your income as well. The way to evaluate yo...
by Boglegrappler
Sat Mar 30, 2019 12:28 pm
Forum: Personal Investments
Topic: Safe way to "bet" against LYFT?
Replies: 36
Views: 3939

Re: Safe way to "bet" against LYFT?

If by "safe" you mean "I'll almost certainly lose all the money I place on this bet but not more than that" then selling a put option is probably the only way to do this. I think this should say "buying a put option". When you "sell" or "write" a put option, you are standing by to purchase the stoc...
by Boglegrappler
Fri Mar 29, 2019 10:39 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 8951

Re: I would like a boat. I also know nothing about boats

I've had a saltwater boat for over ten years now, and started out with no boating experience and a fairly large boat (30 feet, twin stern drives). I would simply say that if you decide to get a boat to pull skiers or tubers, please make sure you've taken the proper courses, and please get your compe...
by Boglegrappler
Tue Mar 26, 2019 1:02 pm
Forum: Investing - Theory, News & General
Topic: Why has the S&P500 gone up so much since 2009?
Replies: 37
Views: 4314

Re: Why has the S&P500 gone up so much since 2009?

Earnings of the S&P are up 20+% since 2008. The ten year treasury rate is down from 4-5% just prior to 2008, to about 2.4% today. Its been as low as 1.6% in the past couple of years. Put those two facts together, and you can see why the market should be higher compared to 2008, not to mention the "c...
by Boglegrappler
Fri Mar 15, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Did your Pension Plan get taken over by PBGC?
Replies: 11
Views: 1281

Re: Did your Pension Plan get taken over by PBGC?

My understanding of the PBGC is that your benefit will not change if PBGC takes over the plan, unless your benefit is above the "insured" level I think there is some mild complexity in this, but here's a link to a page that might help. https://www.pbgc.gov/wr/benefits/guaranteed-benefits/maximum-gua...
by Boglegrappler
Wed Mar 13, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: FA vs corporate finance career
Replies: 7
Views: 570

Re: FA vs corporate finance career

Depends on how good the MBA program is at placing its grads. That will in part depend on how well you can do at it.

I think the brokerage financial advisor business is becoming tougher and tougher to succeed at. Certainly requires a certain energy and personality.
by Boglegrappler
Wed Mar 13, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: Secondary sump pump needed?
Replies: 39
Views: 1692

Re: Secondary sump pump needed?

How often your pump runs depends on two things. 1. How fast the water is entering the sump pit. 2. The size of the sump pit. I would take a look at the size of your pit. Its the only thing you have control over. If you make the pit bigger, it will take longer to fill up at a given rate of water entr...
by Boglegrappler
Wed Mar 13, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 7899

Re: Bright daughter wants to work for nonprofit

I think its fine for people who think a change in venue will lead to them being happier, or their life having more meaning. My only hope would be that she doesn't fall into the syndrome of opting to be more "service" oriented and then spending the rest of her life complaining that other people make ...
by Boglegrappler
Wed Feb 27, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: turbotax not computing state tax correctly
Replies: 2
Views: 339

Re: turbotax not computing state tax correctly

I've found that sometimes an issue like yours is the result of missing a box that should be checked, or failing to answer some question in the step by step process. This happens to me a lot since I don't always just work through the step-by-step, and often just go to the forms and enter the numbers....
by Boglegrappler
Thu Feb 21, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: You Can Market Time At Valuation Extremes
Replies: 128
Views: 13553

Re: You Can Market Time At Valuation Extremes

Among the many reasons that market timing is so likely to be wrong is that the market is a leading indicator of things. I had a boss who noted that, within any given sector that was experiencing a cyclical peak or trough, there was a syndrome among the analysts---- that made sense. At market troughs...
by Boglegrappler
Wed Feb 06, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Should I get a rear dashcam to deal with tailgaters?
Replies: 50
Views: 2190

Re: Should I get a rear dashcam to deal with tailgaters?

Buy a pickup truck. That deters some, but not all tailgaters. Get a couple of military decals for the rear window. It may be my imagination, but I think I've seen tailgaters back off a bit when they see the US Army infantry decals on my truck. A hells angels decal might work as well, or something to...
by Boglegrappler
Tue Feb 05, 2019 11:20 am
Forum: Investing - Theory, News & General
Topic: Buffet's Betas: What Individual Investors Can Learn From Buffett
Replies: 36
Views: 2191

Re: Buffet's Betas: What Individual Investors Can Learn From Buffett

I have heard this before, but never understood the reasoning. Why wouldn't competition between insurance companies reduce premiums to the point that customers get a normal return on their premiums? After all, banks too take their deposits upfront and pay it back later (when the customer withdraws)....
by Boglegrappler
Wed Jan 30, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21730

Re: Why doesn't a lot of money feel like a lot of money?

For people whose outlook on life brings them to this website, its not surprising. If you take a big bonus/windfall and spend it, its either gone if spent on "experience" or other intangibles, or you've bought some "thing" that often comes with a substantial carrying cost. Many times you end up poore...
by Boglegrappler
Mon Jan 21, 2019 2:44 pm
Forum: Personal Consumer Issues
Topic: Is it ever worth purchasing an extended warranty for a vehicle?
Replies: 90
Views: 5030

Re: Is it ever worth purchasing an extended warranty for a vehicle?

I haven't bought one, but I think they can make sense at the right price. As one poster above noted, the dealer has a lot of discretion about what price to charge for this. On enthusiast forums for particular cars, you can sometimes find a reference to a dealer who will sell you the manufacturer's e...
by Boglegrappler
Thu Jan 10, 2019 10:20 pm
Forum: Investing - Theory, News & General
Topic: PG&E Bonds
Replies: 49
Views: 5325

Re: PG&E Bonds

Of course, the fund reports its net asset value on a daily basis, and that NAV reflects the daily trading prices on the bonds themselves, which presumably have already traded down materially. So the loss is already in the NAV. Selling would create a small tax loss for the fund holders.
by Boglegrappler
Sun Jan 06, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: Water seepage in basement
Replies: 23
Views: 1583

Re: Water seepage in basement

Take a look at how your deck is attached to your foundation. I had a small addition put on a house we owned some years ago, and it created multiple water issues, which I had to diagnose and solve myself. The addition had a door to an outside stone patio, with two concrete steps leading up to the doo...
by Boglegrappler
Sun Dec 23, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: How market timing will go wrong?
Replies: 62
Views: 3983

Re: How market timing will go wrong?

Since the market is going down That word is the heart of the problem. The proper word is 'went'. Indeed, this is the nugget of it all. In fact, in the long run, the market is going up. That is at the core of Boglehead doctrine. The reason you don't react to intermediate declines is that you don't h...
by Boglegrappler
Sat Dec 22, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Are some insurance polcies philosophically similar to gambling?
Replies: 57
Views: 2970

Re: Are some insurance polcies philosophically similar to gambling?

The two are quite similar. Gambling casinos decide what level of profit to make, as does the lottery, by deciding how much of the total wager will be paid out in prizes. When there is competition, the payout is driven down, and the house "win" is lowered. If gamblers decide that the overall payout t...
by Boglegrappler
Thu Dec 20, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: Landscaping lights went out
Replies: 16
Views: 1245

Re: Landscaping lights went out

You can check to see if the transformer is working with a simple VOM (volt-ohm) meter. The transformer will have a terminal strip that has the wires feeding the lights attached to it. Measure the voltage between the various terminals and the "common" terminal. It should read somewhere between 12 and...
by Boglegrappler
Mon Dec 17, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: When has being frugal or cheaping out bit you in the rear?
Replies: 109
Views: 8449

Re: When has being frugal or cheating out bit you in the rear?

This thread reminds me of one of my thoughts that I always had when in meetings debating about what equipment to buy, or whom to hire for a job or assignment. It seemed that all too often, the discussions could be boiled down to the question : "Why pay full price for something that we know will work...
by Boglegrappler
Sun Dec 09, 2018 3:20 pm
Forum: Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 12300

Re: 20M Inheritance - What is best option for small/no risk on principal?

The answer touches on simple math and common sense. If you invested to "preserve" principal in a real sense, the best way would be 100% stocks. The yield on the S&P 500 is about 1.9%, so lets call it 2%. That means that 20MM will give you annual dividend income of $400,000 pretax. The 20K inheritanc...
by Boglegrappler
Thu Dec 06, 2018 2:51 pm
Forum: Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 12300

Re: 20M Inheritance - What is best option for small/no risk on principle?

Read from mid page 17 to page 19. It's short, but will cause you to think quite a bit, and quite often. That will be good.

The Basic Choices for Investors and the One We Strongly Prefer

http://www.berkshirehathaway.com/letters/2011ltr.pdf
by Boglegrappler
Thu Dec 06, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Housing values may fall as baby boomers die off or sell off, two studies say
Replies: 21
Views: 2608

Re: Housing values may fall as baby boomers die off or sell off, two studies say

I think inter-generational differences are almost always overblown. This isn't "boomers vs. millenials". Its perilous to over generalize, but I do think there is a difference there. I generally think the the description in the original post has a lot of accuracy in it that is applicable to many, ma...
by Boglegrappler
Tue Dec 04, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: High book to price companies (low price to book companies) are risky?
Replies: 10
Views: 807

Re: High book to price companies (low price to book companies) are risky?

I'd recommend that novice investors not spend much time focusing on that video. It is one of the more obtuse bits of instruction that I've observed. Confusingly academics talk about value stocks as "high book to market" - that's a function of the way they do their regression analyses, practitioners ...