Search found 287 matches

by grog
Wed Oct 11, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: WSJ- ‘Passive’ Investing Frenzy Pushes Vanguard to $4.7 Trillion in Assets Assets topped $4 trillion for the first time
Replies: 3
Views: 966

Re: WSJ- ‘Passive’ Investing Frenzy Pushes Vanguard to $4.7 Trillion in Assets Assets topped $4 trillion for the first

If you want to get technical, something like a quarter of Vanguard's assets are actively managed. Anyway, This is from a similar article from NYT a few months ago: In the last three calendar years, investors sank $823 billion into Vanguard funds, the company says. The scale of that inflow becomes cl...
by grog
Wed Oct 04, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 50
Views: 6250

Re: MoviePass-Too good to be true, but it's legit.

This service is pretty new and it's still really small. In that situation, the service might be a truly great deal for frequent moviegoers. For the moment . As this thing scales though, it might not continue with such favorable terms. I'm not clear on their full business model, but what I read said ...
by grog
Wed Sep 06, 2017 5:22 pm
Forum: Investing - Theory, News & General
Topic: "Moshe Milevsky on Tontines"
Replies: 61
Views: 8226

Re: "Moshe Milevsky on Tontines"

ResearchMed, you're thinking of only the most extreme version. The more usual design would pay out at least the investment income year by year. For example, if everyone puts up $100K and the money is invested in nominal bonds paying 5%, you'd get $5,000/year to start, gradually increasing as people ...
by grog
Wed Sep 06, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: "Moshe Milevsky on Tontines"
Replies: 61
Views: 8226

Re: "Moshe Milevsky on Tontines"

Mr. Milevsky has a new article on tontines appearing in the Actuary magazine. These are the main points I got from it, many of which have been covered previously: -Unlike pensions and annuities, the plan sponsor has essentially no exposure to longevity risk and therefore doesn't need to put up much ...
by grog
Wed May 24, 2017 4:57 pm
Forum: Investing - Theory, News & General
Topic: Raj Chetty on the rationality of dividends
Replies: 2
Views: 711

Raj Chetty on the rationality of dividends

I was listening to a podcast with economist Raj Chetty (interviewed by Tyler Cowen) and he made some comments about why it may be rational for firms to pay dividends. The usual take here is the total return theory that says you should just liquidate shares whenever you want cash, thereby creating yo...
by grog
Sun Apr 16, 2017 9:51 am
Forum: Investing - Theory, News & General
Topic: Correlation Between Yield Change and Duration
Replies: 5
Views: 557

Re: Correlation Between Yield Change and Duration

Intuitively, one might suppose that "duration" shouldn't change if all the payments are fixed. But the formula for duration uses the present values of the cash flows, discounted at the yield rate. So the duration will change even if the cash flows and timing of the cash flows have not chan...
by grog
Wed Mar 15, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: FBI warns of Binary Options Fraud
Replies: 3
Views: 1181

Re: FBI warns of Binary Options Fraud

That is a good point. With a true option like a call or a put you pay a premium for right to buy or sell the security at the strike price. If you buy a call and it ends up in the money, when you exercise the option you actually take ownership of the underlying security (even if very briefly). What's...
by grog
Tue Mar 14, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: FBI warns of Binary Options Fraud
Replies: 3
Views: 1181

FBI warns of Binary Options Fraud

The FBI warns that many binary options solicitations and websites are fraudulent. https://www.fbi.gov/news/stories/binary-options-fraud What exactly is a binary option? It’s a type of options contract in which the payout depends entirely on the outcome of a yes/no proposition, typically related to w...
by grog
Mon Jan 09, 2017 4:24 pm
Forum: Personal Consumer Issues
Topic: Teeth whitening
Replies: 38
Views: 4137

Re: Teeth whitening

Activated charcoal. It's sounds kind of crazy, but just put some in your mouth and at first it turns your teeth black. At that point it won't appear to be helping much (heh). But it's very binding and when it rinses away it leaves your teeth cleaner. I believe it's pretty good for removing stains, b...
by grog
Fri Jan 06, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 6404

Re: Investing in a Masters and Ph.D?

I've met a lot of people that have gone for PhDs in, for example, English because they "love to read," and they always seem to end up regretting it. I think in the vast majority of cases the people would be better off just trying to get good jobs in something that pays and dabbling in what...
by grog
Tue Jan 03, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Dividend Distribution
Replies: 28
Views: 3372

Re: USAA Dividend Distribution

I got $20. I think it was $50-60 the year before. They probably target a particular loss ratio and set the dividend/refund based on that, perhaps with some kind of multi-year smoothing mechanism. I think the subscribers account (which I don't have) is a little more complicated. I believe they calcul...
by grog
Tue Dec 20, 2016 1:40 pm
Forum: Investing - Theory, News & General
Topic: Bogle's Books
Replies: 10
Views: 1263

Re: Bogle's Books

His Little Book of Investing is a good one. Short and sweet but really lays down the basics. His older ones are much longer and more detailed.
by grog
Fri Dec 16, 2016 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 5396

Re: 20% Match on 401k.. sorta.

This is very shady, in my opinion. It is standard in the entire 401k ecosystem for match to be a percentage of salary for both parties, not a percentage of the employee's contribution. Depending on your position and political capital, you could call them out on that. It varies by company. Most do t...
by grog
Fri Dec 16, 2016 10:50 am
Forum: Personal Consumer Issues
Topic: Your fava 70% dark chocolate brand?
Replies: 40
Views: 3508

Re: Your fava 70% dark chocolate brand?

Millcreek Cacao Roasters http://www.millcreekcacao.com/chocolate-bars/ I pick some up whenever I am in Salt Lake 'City. Worth every penny. I tried a few bars from a company called Amano based in Utah. Absolutely fantastic. Pricey though. Amano and a few other high end chocolate companies use heirlo...
by grog
Thu Dec 15, 2016 5:46 pm
Forum: Investing - Theory, News & General
Topic: The Value of Low Volatility
Replies: 65
Views: 7517

Re: The Value of Low Volatility

So what is the deal with REITs? You'd think those would be low volatility, bond-like stocks. Yet they are high beta and high volatility. Is this because these companies are leveraged? Or is the recent data anomalous because of the housing bubble?
by grog
Thu Dec 15, 2016 12:56 pm
Forum: Personal Consumer Issues
Topic: Cancel collision coverage on older car?
Replies: 40
Views: 3218

Re: Cancel collision coverage on older car?

Sounds like it wouldn't take much to total the car. But remember that even if it's totaled you would still get paid. Probably $4k or so less the deductible. If you wrecked the car, how upset would you be about it with and without that insurance check? Now discount that for how likely you think it is...
by grog
Wed Dec 14, 2016 11:50 am
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 168
Views: 17142

Re: How Did You Become A Boglehead? What Led You Here?

I've always had an interest in economics and finance. My grandpa was very into mutual funds and subscribed to all the finance magazines. He was a fan of Charles Schwab and explained to me the virtues of no-load funds. So my exposure to low costs was pretty early. He wasn't an indexer though, since h...
by grog
Fri Dec 02, 2016 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 107
Views: 11888

Re: Handling "drive-by" doctoring bills following surgery?

My son had tubes put in his ears in January. The actual procedure took <10min, we were in and out of the hospital in <45min. The ENT, who conducted the procedure, charged (I think) ~$300, the anesthesiologist was ~400, and the hospital charged $8400 . After insurance negotiation, our deductible, et...
by grog
Tue Nov 29, 2016 3:52 pm
Forum: Investing - Theory, News & General
Topic: Interpreting stock metrics, do they relate to each other?
Replies: 1
Views: 173

Interpreting stock metrics, do they relate to each other?

I was taking a look at some of the annual reports from Vanguard and was checking out the commonly reported equity metrics such as the P/E ratio, the price-to-book, the ROE, etc. While I know the definitions of these individual metrics, I was wondering if there are any rules of thumb for looking at t...
by grog
Thu Oct 20, 2016 1:09 pm
Forum: Investing - Theory, News & General
Topic: [WSJ - What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing]
Replies: 35
Views: 3757

Re: WSJ - What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing

Jack FFR1846 wrote:Sounds like what I do with my portfolio. I wonder if he rebalances on his birthday too.


Do you do it on your birthday because it's a treat or is it just so you don't forget?
by grog
Fri Sep 23, 2016 3:07 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Bank Balance better predictor of happiness than Total Wealth
Replies: 43
Views: 7478

Re: WSJ: Bank Balance better predictor of happiness than Total Wealth

Such correlational studies are always full of holes. For example, cash may inversely correlate to spending. Maybe people who have a lot of cash are more easily meeting their daily financial expenses than those who have less, or just have less desire or need for material goods or just can spend less...
by grog
Tue Sep 13, 2016 2:15 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Bank Balance better predictor of happiness than Total Wealth
Replies: 43
Views: 7478

WSJ: Bank Balance better predictor of happiness than Total Wealth

Based on an analysis of a survey of bank customers in the UK, We find a very interesting effect: that the amount of money you have in your bank account right now is a better predictor of happiness than your aggregate wealth. Having more money in their bank account makes people feel more financially ...
by grog
Tue Sep 13, 2016 1:22 pm
Forum: Personal Consumer Issues
Topic: Foreign Language Programs for Commute?
Replies: 19
Views: 2206

Re: Foreign Language Programs for Commute?

+1 for Pimsleur. It's expensive but many libraries have it. It's an audio only program that will get you comfortable with a lot of basic communication and will give you a good feel for the language. It's a great way to start a language, in my opinion. Spanish is easier and generally more useful in t...
by grog
Wed Aug 10, 2016 11:56 am
Forum: Investing - Theory, News & General
Topic: College bubble - any good articles or books on this?
Replies: 57
Views: 5478

Re: College bubble - any good articles or books on this?

This isn't about a bubble per se, but you might find this Intelligence Squared debate interesting: m The proposition under debate is "Too many kids go to college." I've seen this. Peter Thiel's comments are the most relevant to this topic. He started a "scholarship" program for ...
by grog
Wed Aug 10, 2016 10:34 am
Forum: Investing - Theory, News & General
Topic: Why are bonds taxed more than stocks?
Replies: 29
Views: 4039

Re: Why are bonds taxed more than stocks?

I believe the thinking is that with bonds you're getting a pretty steady stream of payments so it's taxed as regular income. Meanwhile capital gains from stocks are often realized over time and some amount of the "gain" is merely inflation. For dividends it's often argued that they are dou...
by grog
Fri Jul 29, 2016 10:13 am
Forum: Personal Consumer Issues
Topic: Interview in Silicon Valley - Suit?
Replies: 95
Views: 8357

Re: Interview in Silicon Valley - Suit?

Peter Thiel made some comments on this. No suit, he says.

http://www.businessinsider.com/peter-thiel-ama-2014-9
by grog
Wed Jul 20, 2016 1:14 pm
Forum: Personal Consumer Issues
Topic: insurance process questions (totalled car and parked car damage)
Replies: 4
Views: 501

Re: insurance process questions (totalled car and parked car damage)

It just means that you have to get a salvage title for the car. My understanding is that it serves as a warning for a future buyer. A car will sell better with a clean title, but if you keep it for personal use and don't intend to sell it's not really that big a deal.
by grog
Wed Jul 20, 2016 10:57 am
Forum: Personal Consumer Issues
Topic: insurance process questions (totalled car and parked car damage)
Replies: 4
Views: 501

Re: insurance process questions (totalled car and parked car damage)

The insurance company is legally required to essentially restore the car to as close to the pre-accident condition as possible. So the quote they will give you will usually include things like repainting and blending to match the other panels. If they were to total your car then you'd have the optio...
by grog
Tue Jul 19, 2016 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Used Vehicle (cash or loan)
Replies: 4
Views: 623

Re: Buying Used Vehicle (cash or loan)

I was in a similar situation recently and my credit union was offering 3.5% for used car loans. I decided it wasn't worth it. I don't know who's giving you 1.98%, but if it's through the dealer you want to make sure they aren't giving you a "good" rate and bad price. I have been advised th...
by grog
Mon Jul 18, 2016 6:07 pm
Forum: Investing - Theory, News & General
Topic: Another look at corporate bonds
Replies: 209
Views: 16188

Re: Another look at corporate bonds

Hi Larry, Currently the option-adjusted spread for BBB corporates is 1.97% (m). At what spread would you currently consider corporate bonds to be "worth it"? My understanding is that you are simply pointing out that investors have not been rewarded adequately for credit risk in the past. ...
by grog
Sat Jul 16, 2016 10:17 am
Forum: Personal Consumer Issues
Topic: Car Maintenance for the Urban Dweller
Replies: 9
Views: 1053

Car Maintenance for the Urban Dweller

I just bought a car, a 2012 compact in pretty good condition. I live in a city and park the car in the street. My last vehicle was an older car that only survived four and half years and during that time it was hit twice while it was parked. The second time it was totaled though I ended up keeping i...
by grog
Sat Jul 16, 2016 8:48 am
Forum: Personal Consumer Issues
Topic: Clothing upgrade for professional environment
Replies: 78
Views: 5407

Re: Clothing upgrade for professional environment

At the opposite and more common extreme, a lot of men wear shirts that are far too baggy or just generally oversized. I cannot imagine wearing the oversized shirts I wore just ten years ago. In a world of S-M-L-XL, it's unlikely that you'll find something that looks amazing because people come in l...
by grog
Fri Jul 15, 2016 3:00 pm
Forum: Personal Consumer Issues
Topic: Clothing upgrade for professional environment
Replies: 78
Views: 5407

Re: Clothing upgrade for professional environment

If you're three years out of college and haven't purchased any new professional clothes then I'd say this is long overdue! That said, I don't think there's any reason to rush out and buy a ton of clothes. I would start out gradually. In my experience, shopping and dressing well is a skill that can t...
by grog
Mon May 30, 2016 2:37 pm
Forum: Personal Consumer Issues
Topic: Soapbox (car safety features)
Replies: 240
Views: 28251

Re: Soapbox (car safety features)

If not, please provide examples of where you find it beneficial to pace the car directly in front of you. You're on a moderately busy road and the car in front of you is traveling at a speed you find comfortable that is just below your desired speed. Say you'd do 65 and the car in front has its cru...
by grog
Wed May 25, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway always beats SP500
Replies: 51
Views: 7092

Re: Berkshire Hathaway always beats SP500

There was a paper from some researchers at Yale that suggested Berkshires higher returns were due to Buffett's cheap source of leverage. Anyone familiar and or have comments on that theory? Since Berkshire has been heavily involved in insurance and reinsurance, I think the leverage spoken of refers...
by grog
Mon May 23, 2016 4:48 pm
Forum: Investing - Theory, News & General
Topic: Only 1/4 of stock held in taxable accounts
Replies: 13
Views: 2250

Only 1/4 of stock held in taxable accounts

Article here: http://www.taxpolicycenter.org/taxvox/only-about-one-quarter-corporate-stock-owned-taxable-shareholders It notes that currently 1/4 of US corporate stock is held in fully taxable accounts while the other 3/4 are held in retirement accounts, pension funds, insurance products, non-profit...
by grog
Thu May 19, 2016 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 5403

Re: Pride in no inheritance to kids?

I can see a little of both sides to this. I think the anti-inheritance sentiment stems from romanticized American notions about working hard and being "self-made," in contrast to the idle rich of historical Europe. Think of the rags-to-riches stories (Horatio Alger, etc.) vs. such portraya...
by grog
Thu May 19, 2016 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: 27 y/o, need some career advice
Replies: 45
Views: 3860

Re: 27 y/o, need some career advice

My company is very structured in its pay, they go based off years of experience and education. So you will probably get another raise when you finish the Master's? Also, its a psychological thing for me to leave, as it torments me inside at times knowing i can be making more money if i left. But li...
by grog
Thu May 19, 2016 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Why the Low Quantitative Score on the GMAT?
Replies: 26
Views: 2783

Re: Why the Low Quantitative Score on the GMAT?

Yeah, you should have prepped for it. I'm surprised an engineer would do that bad even 20 years out of school, but then again it's not hard to do poorly on a time sensitive exam with no practice. It's possible the format and nature of the test don't play to your strengths, but even so your potential...
by grog
Fri May 13, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 7637

Re: Can someone explain to me how Term life is a better choice than WLI.

The massive premium difference alone should be enough to convince most people. But WL vs term and invest the difference comparisons can get rather complicated. I would probably just say, here's our income. Here's what term costs. Here's what WL costs. What insurance need are we trying to fill with t...
by grog
Wed May 11, 2016 11:22 am
Forum: Personal Consumer Issues
Topic: Is buying organic really that expensive?
Replies: 111
Views: 13116

Re: Is buying organic really that expensive?

Whatever vegetables we buy get the heck washed out of em and we don't pay more for "organic". Saw "organic" honey at Costco and I wonder how do they control what flowers the bees extract nectar from? Or maybe it's organic due to the processing protocol? I was similarly confused ...
by grog
Wed May 11, 2016 11:06 am
Forum: Personal Consumer Issues
Topic: WOW fantastic Cars in the Wild
Replies: 91
Views: 13918

Re: WOW fantastic Cars in the Wild

I used to think that buying a super fancy car was selfish and wasteful and all about showing off. There might be some truth to that, but on the other hand they do provide a public benefit of sorts, or "positive externality." The engineering and aesthetics are just remarkable and you're pro...
by grog
Tue May 10, 2016 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Mass Mutual Whole Life
Replies: 19
Views: 3329

Re: Mass Mutual Whole Life

You are in a high tax bracket, so corporate bonds are probably off the table, but what about some muni bonds and stock index funds? Rental property is another possibility. Why do you think WL would be better? It is a huge and unnecessary financial commitment and you didn't really give much of a rati...
by grog
Mon May 09, 2016 3:36 pm
Forum: Personal Consumer Issues
Topic: Is buying organic really that expensive?
Replies: 111
Views: 13116

Re: Is buying organic really that expensive?

... Here is an excerpt from Norman Borlaug, one of the greatest minds in agriculture's long history. ... I think neil degrass tyson covered this perfectly. Like you said...almost everything we eat has been genetically modified. Those huge juicy sweet apples with very little seeds are not natural. T...
by grog
Wed Apr 20, 2016 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 5776

Re: What do you wish you had known in your early 20's?

I graduated in 2009 and although I had a good academic record, I didn't really plan ahead and wasn't very well prepared for the job search. That, coupled with a very rough labor market, set me back about two years, by my estimation. Not the end of the world, but I would recommend having some focus, ...
by grog
Mon Apr 11, 2016 4:13 pm
Forum: Personal Consumer Issues
Topic: Japanese language training - HELP -
Replies: 10
Views: 1153

Re: Japanese language training - HELP -

If you are just talking about learning a bit so that you can exchange pleasantries, that's one thing. There, I would second the Pimsleur recommendation to get started. But if you have aims of having complex professional discussions in Japanese, you really have your work cut out for you. That will ta...
by grog
Wed Mar 02, 2016 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: $25K Whole Life policy for daughter - $130/year - keep it?
Replies: 40
Views: 5505

Re: $25K Whole Life policy for daughter - $130/year - keep it?

I'm just getting around to reviving this thread with some additional details about the policy. Again, last year I paid the premium and deferred the decision, so now this year's premium will be coming due in early May. There's a good chance I will continue to pay it, simply because my wife will prob...
by grog
Tue Mar 01, 2016 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: 27 year old newbie. How to handle $190,000 "windfall"?
Replies: 28
Views: 5281

Re: 27 year old newbie. How to handle $190,000 "windfall"?

She is a year younger than me. She is my first relationship ever, and I am her first serious relationship ever. Both of us had thought it would be next to impossible to find a compatible partner to share our lives with, but then we met and are seemingly a perfect match. I get along with her very we...
by grog
Fri Feb 26, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: What insurance/warranty products do you consider a waste of money?
Replies: 64
Views: 5614

Re: What insurance/warranty products do you consider a waste of money?

The other day at Walmart, the clerk asked me if I wanted extended coverage on ... a BluRay. Not a BluRay player, just a movie. I was amused.
by grog
Wed Feb 17, 2016 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley in Taxable
Replies: 10
Views: 2509

Re: Wellesley in Taxable

Yeah, that fund throws off a lot of income, so not ideal in taxable. But the good thing is that income focused also don't tend to rack up a lot of unrealized capital gains. As a first step, look at your statements and figure out how much in unrealized gains you'd have. From there decide whether to s...