Search found 1478 matches

by Caduceus
Sun Dec 10, 2017 9:13 am
Forum: Investing - Theory, News & General
Topic: Why Are So Many Companies Announcing Share Buyback?
Replies: 32
Views: 2824

Re: Why Are So Many Companies Announcing Share Buyback?

Buybacks are not analytically similar to dividends, because they are buying back company stock at a price that may be under or overvalued. If the company buys back its shares at an inflated price, it is essentially destroying shareholder value. That $1 in dividend cash would be much more valuable th...
by Caduceus
Sun Dec 10, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 80
Views: 7039

Re: Jack Bogle Is Worried About U.S. Pensions

Yes, and this was something Warren Buffett observed two decades earlier. Lots of companies, including Blue Chips like General Electric, do not change their pension assumptions sufficiently even when long term bond yields change. So at one point, U.S. companies had pension assumptions of 6% even when...
by Caduceus
Sun Dec 10, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4344

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

If the farm is worth a million dollars, presumably it is producing something? Why does your friend only have 50k of income from his antiques business and no income or cash flow from the farm? I don't think we're getting the whole picture. Besides, with manual underwriting, there will be banks, if yo...
by Caduceus
Sun Dec 10, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: Please suggest a dry hands product
Replies: 82
Views: 3374

Re: Please suggest a dry hands product

Try L'occitane's Shea Butter. It is very expensive, at I think about $40 per tin, but it is so rich that a little goes a long way. I used to have cracked lips in winter, but one application of that and I'm good for the next three days. It's that rich! Your skin just soaks it up. Can be used anywhere...
by Caduceus
Wed Dec 06, 2017 5:47 am
Forum: Investing - Help with Personal Investments
Topic: Factoring in value as a strategy
Replies: 10
Views: 938

Re: Factoring in value as a strategy

You should definitely tilt to value. Go check out EGO (Eldorado Gold Corp), which is trading at 23% of book value, and I think recently earned something like 0.01 per share. Doesn't get more deep value than that. Who cares if its mines are operational? Or that the last time it sold some of its gold ...
by Caduceus
Wed Dec 06, 2017 5:41 am
Forum: Investing - Help with Personal Investments
Topic: How to calculate loan amount for 401k?
Replies: 5
Views: 419

Re: How to calculate loan amount for 401k?

Loan programs can be different, depending on the employee. Some plans limit the loan by source. Others allow participants to consider any source as long as it's 100% vested. The recordkeeper likely has some sort of website that lets him calculate the maximum amount available. It's usually the sourc...
by Caduceus
Wed Dec 06, 2017 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 134
Views: 8641

Re: Analysis Paralysis: Can you get to the bottom of things?

Interesting idea about the real language being accounting and not math. I feel that fundamental analysis should not (if the semi-strong EMH holds) be able to provide excess risk adjusted return. I ultimately think math is more important - calculating CAGR, variance, sharpe ratio, skew, kurtosis, et...
by Caduceus
Tue Dec 05, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10272

Re: Price of haircut?

$15. I am jealous of some of the prices people are quoting as I don't particularly care about haircuts.

As long as your hair is neat, other things are more important to whether a guy is attractive (weight, fitness, height, etc.)
by Caduceus
Tue Dec 05, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 134
Views: 8641

Re: Analysis Paralysis: Can you get to the bottom of things?

I also think you should be careful about "tilting". A lot of the categories constructed in finance are completely arbitrary. For example, one of the key metrics of whether a stock is a "value" stock (assuming you want to tilt to "value") is if it has a low price to book ratio. But surely common sens...
by Caduceus
Tue Dec 05, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 134
Views: 8641

Re: Analysis Paralysis: Can you get to the bottom of things?

I think you should choose Option B, in part because you think that statistics and math constitutes your investing learning path. The real language of investing is accounting, not math. If you can learn to value a business, and you read both broadly and deeply, you can beat the market over time. This...
by Caduceus
Tue Dec 05, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate loan amount for 401k?
Replies: 5
Views: 419

How to calculate loan amount for 401k?

My nephew wants to take out a 401k loan to go on a trip. I know it's a terrible idea but that's not what I'm asking. While looking through the Iphone snaps of the application form he sent me, I couldn't figure out how to go about calculating the amount he can actually borrow. He can borrow half of h...
by Caduceus
Tue Dec 05, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Best solution for digitizing documents?
Replies: 43
Views: 3155

Re: Best solution for digitizing documents?

I bought a portable scanner because I don't like the quality of camera scans. Time consuming but I only have half a shelf of papers now.
by Caduceus
Mon Dec 04, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: What's wrong with Google Finance these days?
Replies: 4
Views: 576

What's wrong with Google Finance these days?

Has anyone noticed something wrong/buggy with Google finance these days? I am used to getting taken to the page with the graph as the centerpiece, and lots of comparison data below it. I got that one hour ago. But now when I click on the same bookmarked link I am taken to a page where "Google Financ...
by Caduceus
Mon Dec 04, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of going "back" to school nearing 40?
Replies: 22
Views: 2350

Re: Thinking of going "back" to school nearing 40?

I am not sure of what course of study I might pursue. I went to community college 13 years ago but quickly gave up, it just wasn't the right time. I am in a much better situation today. Thanks for reading If you are not sure what course of study you want to pursue, I don't think going back to study...
by Caduceus
Mon Dec 04, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Why was my 2016 tax so low?
Replies: 19
Views: 2127

Re: Why was my 2016 tax so low?

Did you contribute to a retirement savings plan? Because if so, your paid tax seems too high. As a married couple with that MAGI, you should be able to use the retirement savers' credit to claim 50% of what you contribute up to actual savings of $1,000. Most people don't get to claim the entire $1,...
by Caduceus
Mon Dec 04, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Value Investors vs. S&P 500
Replies: 24
Views: 3023

Re: Value Investors vs. S&P 500

That's because the only value investors you are referencing are those with huge amounts of money to manage. With that much assets under management, the only companies that will make a difference to their portfolios are mid-cap and large-cap companies. You can look at Warren Buffett's early history. ...
by Caduceus
Mon Dec 04, 2017 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Why was my 2016 tax so low?
Replies: 19
Views: 2127

Re: Why was my 2016 tax so low?

Did you contribute to a retirement savings plan? Because if so, your paid tax seems too high. As a married couple with that MAGI, you should be able to use the retirement savers' credit to claim 50% of what you contribute up to actual savings of $1,000. Most people don't get to claim the entire $1,0...
by Caduceus
Mon Dec 04, 2017 6:26 am
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 5717

Re: It's that time of year again... buying christmas gifts

You could tell people that in lieu of Christmas gifts, you will donate an amount to the charity of their choice. That's my default, not just for Christmas, but for many other events. People seem quite happy to do this.
by Caduceus
Mon Dec 04, 2017 6:19 am
Forum: Investing - Help with Personal Investments
Topic: Global nomad advice/newbie alert
Replies: 19
Views: 1649

Re: Global nomad advice/newbie alert

As to our income, I'm pretty sure it's legitimate that all my wife's salary can go on our monthly spending (with any left over given as a gift to me) and all my salary into my IB investment account. Can anyone tell me otherwise? I think this is something you should probably pay someone one time to ...
by Caduceus
Mon Dec 04, 2017 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Who keeps more money out of 100k? Self-employed vs Employed?
Replies: 39
Views: 2775

Re: Who keeps more money out of 100k? Self-employed vs Employed?

Too many moving parts for any answer to be definitive but my guess would be you would keep more as an employed person for a 100k salary. Your assumption is that you don't have any business deductions to make, and my guess is that a Solo 401k contribution for self-employed might let you contribute so...
by Caduceus
Mon Nov 27, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 10469

Re: What are the things you want to do between 55 and 65?

Write a couple of books, finally be able to garden seriously, do lots of travel. :D
by Caduceus
Fri Nov 24, 2017 6:08 am
Forum: Personal Consumer Issues
Topic: Geneology: finding the house a dead relative lived in.
Replies: 14
Views: 1195

Re: Geneology: finding the house a dead relative lived in.

Were any of your grandparents or other relatives born in the house of your great-grandparents? You can try looking for clues in the next generation of people. For instance, you might look at the birth certificate of other relatives who were born during the time your great grandparents lived at that ...
by Caduceus
Fri Nov 24, 2017 6:02 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 105
Views: 11992

Re: The valet smashed my Tesla into a brick wall!

randomizer wrote:
Sun Nov 19, 2017 5:26 pm
This is why we can't have nice things.
Haha. :twisted:
by Caduceus
Fri Nov 24, 2017 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Tax Returns - How Long Do you Keep?
Replies: 56
Views: 4487

Re: Tax Returns - How Long Do you Keep?

Just scan everything and keep everything forever. I think tax returns are important to keep even if the IRS doesn't need them because they serve as a roadmap to help you understand what was going on in your financial life that year.
by Caduceus
Thu Nov 23, 2017 6:51 am
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 155
Views: 13795

Re: Is holding bonds now dangerous?

I think bonds are more "dangerous" now than they've ever been in a long time, if by "dangerous" you mean that they are unlikely to provide a reasonable rate of return on your investment. Assuming that credit quality is not an issue, the range of return for any given bond or portfolio of bonds can be...
by Caduceus
Wed Nov 22, 2017 5:09 am
Forum: Personal Finance (Not Investing)
Topic: At what age to drop term life insurance?
Replies: 21
Views: 4672

Re: At what age to drop term life insurance?

I think there are two ways of thinking about this. The first is needs-based. So you would drop term life if your dependents no longer needed that protection in the event of your death. People define that differently. Some folks just want to make sure they have enough that would pay for their childre...
by Caduceus
Tue Nov 21, 2017 4:08 am
Forum: Investing - Theory, News & General
Topic: Liability Matching Portfolio? Really?
Replies: 104
Views: 16321

Re: Liability Matching Portfolio? Really?

I don't think that's what a liability matching strategy usually means. Liability matching does not mean that if an investor has drawdown needs of 4%, then he invests in bonds giving real yields of 4%. This portfolio is not liability matched because his drawdown needs are going to stay fixed at 4%, b...
by Caduceus
Tue Nov 21, 2017 3:59 am
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 4971

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

I have two stocks left from my stock-picking days which are now almost a decade ago. It's not that I'm keeping them as a reminder to my bad decisions it's just that they are way down from when I purchased them and I'm curious to see if they ever go anywhere again. For those interested, the tickers ...
by Caduceus
Mon Nov 20, 2017 3:43 am
Forum: Personal Finance (Not Investing)
Topic: Do I have to report a thank-you dinner as income to the IRS?
Replies: 15
Views: 2383

Do I have to report a thank-you dinner as income to the IRS?

If someone buys you dinner for helping them with something, does that count as income that you should report? On the one hand, it seems to make sense that it should, otherwise folks can just buy all sorts of expensive things as gifts in lieu of money payments and evade tax. On the other hand, it see...
by Caduceus
Sun Nov 19, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Registered Investment Advisor Registration?
Replies: 1
Views: 208

Registered Investment Advisor Registration?

I have a few acquaintances who want to pay me to help them simplify their portfolios - a lot of it would be essentially what the Bogleheads would do, except with a lot more hand-holding and walking them through the process. I would say the main thing is making the portfolio's more tax-efficient and ...
by Caduceus
Fri Nov 17, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: The World's Negative Interest Rate Experiment
Replies: 34
Views: 3404

Re: The World's Negative Interest Rate Experiment

I'm curious if retail clients and the average person on the street ever saw negative interest rates on their deposits? Or is this the negative rate primarily between the central bank and other lending institutions? Not the average person but my bank in Switzerland has a negative interest rate on ac...
by Caduceus
Tue Nov 14, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: The World's Negative Interest Rate Experiment
Replies: 34
Views: 3404

Re: The World's Negative Interest Rate Experiment

I'm curious if retail clients and the average person on the street ever saw negative interest rates on their deposits? Or is this the negative rate primarily between the central bank and other lending institutions?
by Caduceus
Tue Nov 14, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth starting investing if 7-8 years from retirement?
Replies: 22
Views: 2560

Re: Is it worth starting investing if 7-8 years from retirement?

I called Vanguard and they say we are not eligible. The part time employee has a w2 so she is considered a "common law" employee and we can't do the solo 401k. If your parents can take full advantage of the Solo 401k, they can contribute hundreds of thousands of dollars if they wish over the next 8...
by Caduceus
Tue Nov 14, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: What route to go? IRA-Roth IRA-etc
Replies: 10
Views: 558

Re: What route to go? IRA-Roth IRA-etc

Is further education on the horizon? Like a masters or Ed.D or something like that? If so, definitely the traditional IRA, because you can convert the money in a low-income year to a Roth IRA when your tax bracket is even lower.
by Caduceus
Tue Nov 14, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: Dangers of a Broker
Replies: 7
Views: 1177

Re: Dangers of a Broker

No broker is cheaper than Vanguard for Vanguard ETFs. It's free. Just choose Vanguard. Problem solved.
by Caduceus
Tue Nov 14, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7678

Re: GE and the myth of "safe blue-chip stocks"

It's interesting that there's so much discussion about GE being a good or bad stock without any accounting language at all. Everyone's speaking at such a high level of abstraction about GE products and industries, etc. Has anyone actually done a deep dive into GE's financial statements? GE's pensio...
by Caduceus
Tue Nov 14, 2017 4:37 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7678

Re: GE and the myth of "safe blue-chip stocks"

It's interesting that there's so much discussion about GE being a good or bad stock without any accounting language at all. Everyone's speaking at such a high level of abstraction about GE products and industries, etc. Has anyone actually done a deep dive into GE's financial statements? GE's pension...
by Caduceus
Tue Nov 14, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: Passive Investing "Pseudo Science"?? per Robert Schiller
Replies: 2
Views: 960

Re: Passive Investing "Pseudo Science"?? per Robert Schiller

You've got to be careful. Even Nobel-prize winning economists want to line their pockets. Lately, he's been pushing products based on some enhanced formula/method that he designed. I really liked Shiller's work on housing markets, and what he's been doing recently makes me lose all respect for the m...
by Caduceus
Tue Nov 14, 2017 4:09 pm
Forum: Investing - Theory, News & General
Topic: ADR, OTC non-US stocks
Replies: 24
Views: 1518

Re: ADR, OTC non-US stocks

katon wrote:
Tue Nov 14, 2017 12:51 pm

Thanks for the time you invested in the detailed answers.
You are welcome. Good luck on your investing journey. :beer
by Caduceus
Tue Nov 14, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Confused on how Vanguard Roth IRA works...
Replies: 8
Views: 1033

Re: Confused on how Vanguard Roth IRA works...

Hello, welcome! :beer No, these are not stupid questions at all. I remember the first time I set up an IRA. Think of the Roth IRA like a bucket. Whatever you put in this bucket is protected from taxation. But you still have to decide what you put in the bucket. By default, when you contribute to a R...
by Caduceus
Tue Nov 14, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: Paying for news?
Replies: 60
Views: 4045

Re: Paying for news?

Have you looked at FB's earnings recently? You should be asking them to pay you because you are the product. You're a captive consumer on their platform where they can serve you an unending number of advertisements. 8-)
by Caduceus
Tue Nov 14, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: Should you own only non-U.S. stocks?
Replies: 63
Views: 6373

Re: Should you own only non-U.S. stocks?

What would you say if forward P/E ratios were at 32 rather than 21 as they are today. Is there a point at which you would start listening to experts? What am I bid? One of the problems with assessing what a normalized P/E should be for an entire universe of stocks for a given country over time is t...
by Caduceus
Tue Nov 14, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: ADR, OTC non-US stocks
Replies: 24
Views: 1518

Re: ADR, OTC non-US stocks

I don't understand what you mean ADR cheaper than OTC. I think in my case is the same because both are from the US. Am i right? Do you mean something else when you compared ADR with OTC? One more time thank you and i appreciate our dialogue. I know what the issue is. You need to distinguish between...
by Caduceus
Tue Nov 14, 2017 5:47 am
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 5837

Re: College student... Financial mess... Need advice...

You sound like a good person, and you gotta be careful that you don't allow people to take advantage of you again like that. Great to hear you got out of this situation with minimal loss.
by Caduceus
Tue Nov 14, 2017 5:14 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth starting investing if 7-8 years from retirement?
Replies: 22
Views: 2560

Re: Is it worth starting investing if 7-8 years from retirement?

If they are self-employed, they can still contribute to IRA, and they can easily set up a Solo 401k at most brokerages. No need to set up a taxable account, which is tax inefficient, especially at their tax rates.
by Caduceus
Tue Nov 14, 2017 5:12 am
Forum: Personal Consumer Issues
Topic: Selling my house in Miami, is it smart decision?
Replies: 16
Views: 2010

Re: Selling my house in Miami, is it smart decision?

I don't think anyone on the board can answer this question for you with the information provided. Some things to think about: Would you buy the same house again at the current price if given the chance? What is the price-to-rent ratio (the price of the house divided by its annual after-costs rent)? ...
by Caduceus
Tue Nov 14, 2017 4:57 am
Forum: Investing - Theory, News & General
Topic: ADR, OTC non-US stocks
Replies: 24
Views: 1518

Re: ADR, OTC non-US stocks

Thank you for the advice. I know the Irish ETFs. Is very interesting. I probably will try what you say, buy a small amount of foreign stocks. As i said, buying ADRs is relatively simpler and cheaper from Israel. Do you know if you own an ADR and simultaneously own a direct stock from the underlying...
by Caduceus
Tue Nov 14, 2017 4:40 am
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 4971

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

Nortel. It was 25% of Canadian stock market, and then dropped from $125 ish to $25. So I shrewdly " caught the falling knife". Broker did a "give commission to charity day" so I sold it for $0.01. It was in a tax protected account so could not use the capital loss. Say $6k down the drain - a useful...
by Caduceus
Tue Nov 14, 2017 4:24 am
Forum: Investing - Theory, News & General
Topic: ADR, OTC non-US stocks
Replies: 24
Views: 1518

Re: ADR, OTC non-US stocks

Think about it like a ship that's taxed on every port of call that it passes through. L'oreal is a French company, so it's subject to the French rules on dividend and capital gains taxes and tax withholding. This applies whether you're an American or an Israeli investing in L'oreal. So France gets t...