Search found 1317 matches

by Boglegrappler
Mon Apr 12, 2021 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Medical Group wants me to be CFO -- advice?
Replies: 10
Views: 1213

Re: Medical Group wants me to be CFO -- advice?

I had a close friend who years ago became the CFO of a decent sized HMO. He didn't last long and didn't like it. A very capable and smart, highly educated and energetic fellow, but...... Here's (my paraphrasing of) how he summarized his dislike: "we'd have the management meetings, and the physi...
by Boglegrappler
Sun Apr 11, 2021 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 51
Views: 2648

Re: Seeking advice - College selection - Premed

Most colleges that send significant numbers of grads to medical school have areas on their websites that are dedicated to the support programs and systems that they offer to "pre-med" students. You should look at each of your schools websites to get a flavor of how serious they are.
by Boglegrappler
Sat Apr 10, 2021 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance - help me get my head straight
Replies: 11
Views: 1541

Re: Inheritance - help me get my head straight

my biggest question is on a couple of Roth IRAs. I have read many different things and it looks like we have the options below...my understanding is all are tax-free. I can't imagine any reason to terminate the Roth IRA any sooner than required by the rules. You can trade stocks in them with no gai...
by Boglegrappler
Thu Apr 01, 2021 7:21 am
Forum: Personal Finance (Not Investing)
Topic: $1M / $5M Geico Umbrella Policy in Florida: Are These Numbers Insane?
Replies: 40
Views: 3492

Re: $1M / $5M Geico Umbrella Policy in Florida: Are These Numbers Insane?

When I've been in Florida, it's clear that that nightly news and the media in general are largely supported by the plaintiff's bar advertising (I'm not exaggerating). The number of ads looking for lawsuit cases is truly unbelievable.

It wouldn't surprise me if insurance rates were higher there.
by Boglegrappler
Mon Mar 29, 2021 11:21 am
Forum: Personal Investments
Topic: Buying dividend stocks
Replies: 36
Views: 3551

Re: Buying dividend stocks

If you want to try that, you need to be aware that the higher the dividend yield on the stock, the lower the dividend growth (the market is forecasting). It may even reflect some expectation of a dividend cut at some point. The dividend stocks of companies with solid growth prospects and good financ...
by Boglegrappler
Mon Mar 29, 2021 7:50 am
Forum: Investing - Theory, News & General
Topic: What’s the correct diversification for high inflation?
Replies: 214
Views: 17498

Re: What’s the correct diversification for hyperinflation?

Another good opportunity to post what I think is the best essay about investment choices/allocations. Read from the bottom of page 17 to the end of page 19. Note the following comment at the end. It's coming from someone who spends a lot of time thinking about these things. Whether the currency a ce...
by Boglegrappler
Sun Mar 28, 2021 7:45 pm
Forum: Personal Investments
Topic: Large Single Stock Position - Divestment strategy
Replies: 10
Views: 1133

Re: Large Single Stock Position - Divestment strategy

Someone should do a projected tax situation to gauge the "zero capital gains bracket" for this person. To the degree that they have some room in that "bracket", they ought to realize the maximum gains that they could have taxed at zero. Being single doesn't give a ton of room, bu...
by Boglegrappler
Mon Mar 08, 2021 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Online vs In-Person MBA
Replies: 20
Views: 1396

Re: Online vs In-Person MBA

If you're going to change fields, you need to attend an MBA program where the companies that you want to work for come to recruit. It's that simple. The "networking" aspect of business schools is over-rated dramatically. It's all in the recruiting reputation and which firms believe that th...
by Boglegrappler
Fri Mar 05, 2021 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: (erroneous) IRS Notice of Deficiency, how to proceed?
Replies: 23
Views: 1347

Re: (erroneous) IRS Notice of Deficiency, how to proceed?

I've had some experience with incorrect IRS calculations. I forgot to report a securities sale of a substantial amount, but there was actually a small loss on the sale and there was no tax due. IRS, however, assumed a zero basis and that the entire proceeds was gain, and had calculated a large defic...
by Boglegrappler
Sun Feb 28, 2021 10:48 am
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 106
Views: 4678

Re: Do I need new tires?

If you ever drive above 30 mph when it's raining, I would buy new tires now.

I'm surprised that yours have lasted as long as they have. You must drive conservatively and live where it is flat and straight.
by Boglegrappler
Wed Feb 24, 2021 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Stepping back in career when wife is doing well?
Replies: 54
Views: 5027

Re: Stepping back in career when wife is doing well?

There are some jobs that demand greater than 100% effort from those who hold them. It sounds like your wife has one, and even though you say you only have a 40 hour weekly demand, and so do you. Child care and raising requires some of your resources as well. Figuring out how to allocate the resource...
by Boglegrappler
Wed Feb 17, 2021 12:10 pm
Forum: Personal Consumer Issues
Topic: One time water issue in basement
Replies: 49
Views: 3503

Re: One time water issue in basement

Good that the issue seems to be somewhat mitigated. The key is usually to minimize the amount of water trying to fill the hole your house sits in. Making sure what falls on the roof doesn't go straight into the hole is important. Apparently, years ago, there was from time to time a practice of tying...
by Boglegrappler
Tue Feb 16, 2021 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance advice
Replies: 23
Views: 1327

Re: Term Life Insurance advice

He also mentioned something called a Term 80 plan which seems to have the premiums go up every year and coverage through 80 years old. Wasn't really interested as this sounds like some type of hidden whole life or something but is anyone familiar with this? Don't want to derail the thread, and ther...
by Boglegrappler
Tue Feb 16, 2021 12:45 pm
Forum: Personal Investments
Topic: Nvidia and AMD: Regret and Luck vs. Skill
Replies: 43
Views: 3246

Re: Nvidia and AMD: Regret and Luck vs. Skill

Its not as easy as it seems in hindsight. I bought some Nvidia after it slumped a bit after an earnings report apparently disappointed the market. Of course, it slumped further and I ended up down nearly 50% from my purchase price. But I didn't have an excessive amount in it, so I've held and now it...
by Boglegrappler
Tue Feb 09, 2021 1:23 pm
Forum: Personal Investments
Topic: Massive Windfall For 35 Year Old Guy
Replies: 95
Views: 12510

Re: Massive Windfall For 35 Year Old Guy

I think if it were me I would stage my entry into the equity markets over some period of maybe a year to a year and a half, or even two years. That has an aspect of market timing to it, and if the market rises (whether slow or rapidly), it will turn out that you should have invested it all at once a...
by Boglegrappler
Fri Feb 05, 2021 4:46 pm
Forum: Investing - Theory, News & General
Topic: riskiness of high-PE tech stocks
Replies: 9
Views: 725

Re: riskiness of high-PE tech stocks

To grapple with this type of question, its useful to ask yourself what is the correct P/E for a company with no growth, when we are in an environment where the 10 year treasury yield is 1%. Then, what is the proper P/E for a company with growth equal to the national GDP growth, in that same interest...
by Boglegrappler
Thu Feb 04, 2021 2:35 pm
Forum: Investing - Theory, News & General
Topic: Educate me about the "naked short" issue
Replies: 44
Views: 3878

Re: Educate me about the "naked short" issue

I think that one source of confusion in these discussions is the definition of a naked short. Some seem to believe that they are talking about selling shares without actually borrowing them. Others believe that a naked short is simply a short sale without any hedged position protecting against a run...
by Boglegrappler
Thu Jan 28, 2021 9:37 pm
Forum: Personal Consumer Issues
Topic: Do you have any tips for first time home buyer?
Replies: 64
Views: 4168

Re: Do you have any tips for first time home buyer?

If you commute by train, and you don't have a budget for extra cars, it's useful to find a walkable-to-train location. Usually that's within half a mile. Otherwise, it's useful to be located within two or three miles of the grocery stores and the schools. In some school districts you can be five or ...
by Boglegrappler
Mon Jan 25, 2021 2:45 pm
Forum: Investing - Theory, News & General
Topic: mac program to track?
Replies: 7
Views: 730

Re: mac program to track?

I used to use Google Finance but they discontinued it some time back. When they did, I migrated to the Morningstar Portfolio Manager using the free membership version. I don't import anything and just manually entered the investments. It's been ok for my needs, but there may be better suites to use.
by Boglegrappler
Sun Jan 24, 2021 3:57 pm
Forum: Personal Investments
Topic: I just bought individual stocks and a lot of them.
Replies: 218
Views: 17118

Re: I just bought individual stocks and a lot of them.

You've (effectively) selected a group based on the a minimum dividend yield of 4%, which is more than double the "market" yield. The stocks you've selected are deemed by the market to not have average growth prospects going forward with respect to revenue and net income. That's why they a...
by Boglegrappler
Sun Jan 24, 2021 12:08 pm
Forum: Personal Investments
Topic: I just bought individual stocks and a lot of them.
Replies: 218
Views: 17118

Re: I just bought individual stocks and a lot of them.

You've (effectively) selected a group based on the a minimum dividend yield of 4%, which is more than double the "market" yield. The stocks you've selected are deemed by the market to not have average growth prospects going forward with respect to revenue and net income. That's why they ar...
by Boglegrappler
Mon Jan 18, 2021 2:33 pm
Forum: Personal Investments
Topic: stock analysis S&P 500
Replies: 15
Views: 1373

Re: stock analysis S&P 500

Go the the Barcharts website. Go to the stocks tab, and then the S&P indices tab. Scroll down till you see S&P components and you'll have the whole index. You can then select fundamentals as the "view" and can see the market capitalizations and net income, among other things. If yo...
by Boglegrappler
Fri Jan 15, 2021 1:56 pm
Forum: Investing - Theory, News & General
Topic: The Most Concentrated Market in 40 Years
Replies: 74
Views: 7629

Re: The Most Concentrated Market in 40 Years

It is always good to look at the stunning FCF and profits for the top stocks where money has concentrated. The top 5 "tech" stocks + Netflix (Facebook, Alphabet, Apple, Microsoft, Amazon, Netflix) have more FCF than the bottom 250 in the S&P 500. Any wonder as to why they have attract...
by Boglegrappler
Wed Jan 13, 2021 12:03 pm
Forum: Personal Consumer Issues
Topic: Flipped out on Home Depot employee
Replies: 44
Views: 2754

Re: Flipped out on Home Depot employee

I used to work with a guy who was an abusive returner. He had a couple of ways to scam businesses into essentially giving him free use of things while he needed them. It's my understanding that there is now some kind of tracking or other way that various businesses manage returns to exclude people w...
by Boglegrappler
Sat Jan 09, 2021 10:01 pm
Forum: Investing - Theory, News & General
Topic: If a stock doesn't pay dividends and never splits, can it compound?
Replies: 56
Views: 3116

Re: If a stock doesn't pay dividends and never splits, can it compound?

It is common for companies with good earnings, but perhaps no immediate internal investment to make (like expanding production) to buy back some stock shares on the open market with the excess cash. This reduction in shares outstanding increases earnings per share for the remaining (fewer) shares. ...
by Boglegrappler
Wed Jan 06, 2021 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning: Who to Name?
Replies: 20
Views: 1629

Re: Estate Planning: Who to Name?

Whomever you name, don't underestimate the influence that said person's spouse may exert upon their behaviour and decisions. Regrettably, that consideration makes these decisions even more complex.
by Boglegrappler
Tue Jan 05, 2021 10:45 am
Forum: Personal Consumer Issues
Topic: One time water issue in basement
Replies: 49
Views: 3503

Re: One time water issue in basement

When the rain stopped....the water immediately stopped....but then it started again and the water inside continued....there is a one foot hairline crack in the utility room floor that I should think about putting some concrete on? If I'm understanding this correctly, it seems that you have two prob...
by Boglegrappler
Sat Jan 02, 2021 10:59 pm
Forum: Investing - Theory, News & General
Topic: Why Markets Boomed in a Year of Human Misery
Replies: 18
Views: 3241

Re: Why Markets Boomed in a Year of Human Misery

Interesting article in trying to parse the various factors.

The author underestimates the impact on the stock market of the lowering of interest rates, however. It was and is much more impactful than the article implies.
by Boglegrappler
Fri Jan 01, 2021 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Powerball- Mega Million Near 400M
Replies: 28
Views: 2489

Re: Powerball- Mega Million Near 400M

I buy tickets from time to time. I understand the odds and the tax issues. It seems to me like it's the inverse of insurance. You buy insurance to protect yourself from unexpected, highly negative outcomes. A lottery ticket gives you some exposure to unlikely, but highly positive outcomes. It's wort...
by Boglegrappler
Tue Dec 29, 2020 11:09 am
Forum: Personal Consumer Issues
Topic: Basement water issues, advice
Replies: 20
Views: 1211

Re: Basement water issues, advice

If the slope you're on continues on behind your house, you might get some benefit by looking into improving the drainage from underneath your foundation down the hill to daylight. The so-called "hydrostatic pressure" is simply a phrase that means water leaks in places that aren't watertigh...
by Boglegrappler
Mon Dec 28, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: Computer Repair Question (Macbook Air Keyboard)
Replies: 4
Views: 259

Re: Computer Repair Question (Macbook Air Keyboard)

There are some videos on youtube about how to clean under the keys that stick. I have a MacBook that is subject to the replacement program, but I didn't take it in when the one key became unresponsive, and over time the key "fixed itself". If your computer is covered, I'd take it in while ...
by Boglegrappler
Wed Dec 16, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: The pros and cons of gifting money to children early?
Replies: 162
Views: 11098

Re: The pros and cons of gifting money to children early?

For my brother - it is more of a cautionary tale. He didn't go right out and blow the money, but it definitely enabled him (in a bad way) to continue in a very low-paying career while living in a VHCOL city. Fast forward 20 years, and he gradually spent through ALL of the money. He is too old to st...
by Boglegrappler
Wed Dec 16, 2020 8:32 am
Forum: Investing - Theory, News & General
Topic: What Uni "teached" me today: Private Equity consistently outperforms the stock market
Replies: 31
Views: 3964

Re: What Uni "teached" me today: Private Equity consistently outperforms the stock market

The statement that major pension funds are private equity (and hedge fund) investors is correct. You can look up the investments of most major pension funds and endowments to see what they are doing. I't's my view that they are over-committed to these areas, and some, including CALPERS (California) ...
by Boglegrappler
Fri Dec 11, 2020 8:27 am
Forum: Personal Consumer Issues
Topic: USPS Informed Delivery Showing Zero Incoming Mail?
Replies: 46
Views: 7379

Re: USPS Informed Delivery Showing Zero Incoming Mail?

Mine's been working ok, seemingly. This week I was disturbed when a mailed PIN number and a Fidelity letter weren't delivered when they were scanned, and I checked the box that says "I did not receive this mail". They came the next day. I'm not sure what to think about that, although neith...
by Boglegrappler
Thu Dec 10, 2020 11:04 am
Forum: Personal Investments
Topic: Airbnb IPO offering for hosts - should I do it?
Replies: 77
Views: 7856

Re: Airbnb IPO offering for hosts - should I do it?

I think she got in at $68, which is the ipo offering price. The expected range was increased one time, and then they priced above the last range that they quoted. The opening market trade is likely to be above that, of course, in this market, for that company.

Edited to correct pronoun.:)
by Boglegrappler
Wed Dec 09, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: If Bonds are so Terrible, Why are they up so much for the year?
Replies: 155
Views: 12443

Re: If Bonds are so Terrible, Why are they up so much for the year?

I'm going to quote from a post I wrote five years ago. It may help people who aren't used to thinking about bonds. I tweaked it a bit from the original text where I thought I wasn't clear. People don't understand bonds because they don't have a frame of reference to use in thinking about them. Bonds...
by Boglegrappler
Thu Dec 03, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Minimize Estate Tax AFTER Exemption Levels Reached
Replies: 25
Views: 1284

Re: Minimize Estate Tax AFTER Exemption Levels Reached

They can give it away. If they need my address just let me know. :sharebeer For the sake of clarity, it is my understanding that once the lifetime exemption amount has been used, a gift tax equal to the estate tax is due at the time of every gift. The only exception to this would be the annual excl...
by Boglegrappler
Mon Nov 30, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: Why Would All Four Tires Have Slow Air Leaks?
Replies: 84
Views: 7204

Re: Why Would All Four Tires Have Slow Air Leaks?

I agree with those who suggest the "dunk" test. Even a slow leak will show some bubbles. If you want to do an abbreviated version to look at just the valves, get yourself some dish liquid and make up a bubbly mix by adding some water, and use a sponge to generously coat your stems with thi...
by Boglegrappler
Thu Nov 19, 2020 8:55 pm
Forum: Personal Investments
Topic: How to Plan for Medicare Costs 13 Years from Now?
Replies: 27
Views: 2581

Re: How to Plan for Medicare Costs 13 Years from Now?

Here's a good resource for medicare understanding. KFF has a viewpoint, but they aren't completely averse to reporting the facts. https://www.kff.org/medicare/issue-brief/the-facts-on-medicare-spending-and-financing/ When we enrolled in medicare, I became much more interested in how it was funded, a...
by Boglegrappler
Thu Nov 12, 2020 8:54 pm
Forum: Personal Consumer Issues
Topic: Need SAT prep suggestion
Replies: 36
Views: 1919

Re: Need SAT prep suggestion

Well isn't that the point? SAT is kinda like a pseudo IQ test (or at least it use to be). You can hone your IQ a bit (and you can certainly tarnish it significantly) but in many ways it is what it is. So hours and hrs of studying should make modest increases related to you being more comfortable wi...
by Boglegrappler
Wed Nov 11, 2020 4:26 pm
Forum: Investing - Theory, News & General
Topic: How is this not insider trading?
Replies: 25
Views: 2611

Re: How is this not insider trading?

It's not the best optics, and the headline report opens up some questions, but a true insider trade sell order would take place prior to announcing negative news. That isn't the case. One might legitimately ask, though, why sell now if the vaccine is so promising? I'm sure that question will be rais...
by Boglegrappler
Tue Nov 03, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance recommendations?
Replies: 22
Views: 1520

Re: Disability insurance recommendations?

Years ago, (in fact more than several decades ago), I bought a LT disability policy from Northwestern Mutual. I can remember that I shopped around. I do remember that I had to argue with the sales rep about what I wanted. They wanted to sell a policy that started benefits right away, and only lasted...
by Boglegrappler
Sun Nov 01, 2020 7:43 pm
Forum: Personal Investments
Topic: 1.3M at 30 - what would you do?
Replies: 89
Views: 9896

Re: 1.3M at 30 - what would you do?

I look at investable savings as a "magic roommate" who creates no costs to you, and whose principal amount today will generate about 1.8% sustainable, increasable annual taxable income that you can spend without damaging the sustainability. (Dividend yield on the SP 500.) That works out to...
by Boglegrappler
Sun Oct 11, 2020 8:33 pm
Forum: Personal Consumer Issues
Topic: Car Battery issues - SHORT Drive due to COVID (Work From Home)
Replies: 86
Views: 5416

Re: Car Battery issues - SHORT Drive due to COVID (Work From Home)

The other worry is that the short trips will rust out the exhaust system. Water vapor collects and the short drives do not have a chance to heat up the exhaust system to get rid of the moisture. I can attest that this can happen. When I used to mostly drive the car about half a mile to the train st...
by Boglegrappler
Wed Oct 07, 2020 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: IRS insanity - help me get my refund
Replies: 12
Views: 1653

Re: IRS insanity - help me get my refund

Any time that you are having a problem with the federal government (a legitimate one, not just the normal frustration) one way to get things moving is to write a letter to your local congressman explaining the situation and asking for help. Agencies respond quickly to congressional inquiries. The fi...
by Boglegrappler
Wed Sep 23, 2020 7:46 pm
Forum: Investing - Theory, News & General
Topic: Does an insurance company pay tax on the earnings of its float?
Replies: 23
Views: 1345

Re: Does an insurance company pay tax on the earnings of its float?

To the degree the that earnings take the form of dividends or interest, they are taxed. If it is a realized capital gain it is taxed. If it is unrealized capital gain it is not taxed until it is realized.

Same as the rest of us.
by Boglegrappler
Tue Sep 15, 2020 10:39 am
Forum: Personal Consumer Issues
Topic: Best platform for selling used car?
Replies: 20
Views: 1990

Re: Best platform for selling used car?

We sold a car last year that was 13 years old. Got a Carmax offer for 8k, and then took it to a dealer who offered 8.8k. Sold it there for convenience and to avoid hassle. The car needed some body work, and had about 165k miles, but was a unique sporty model with off road interest. The dealer listed...
by Boglegrappler
Sun Sep 13, 2020 11:38 am
Forum: Personal Consumer Issues
Topic: Iron in well water
Replies: 14
Views: 1333

Re: Iron in well water

I had a friend who had a problem with sulfur bacteria leading to those horrible smells, intermittently. They didn't know what was causing it, but finally figured it out. They took several actions. 1. Bleached the well, letting it sit overnight after recycling the water back into it. (You do this by ...
by Boglegrappler
Fri Sep 11, 2020 1:36 pm
Forum: Investing - Theory, News & General
Topic: Too much S&P 500 index concentration in FAAMGs?
Replies: 67
Views: 4333

Re: Too much S&P 500 index concentration in FAAMGs?

So I updated my numbers as of today, and here's what you get, as an example: Top 20 companies by market cap = 39% of the total market cap Top 20 companies by sales = 22 % of the total sales Top 20 companies by earnings = 33% of the total earnings. The 5 year revenue growth rates of the top 20 compan...