knighttof3’s Activity

Yesterday

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Boards Post

knighttof3 replied to the Tax Strategies board. 7:12 PM

Re: index mutual fund question

Thanks Ira,
several Vanguard pairs come to mind:
VFINX - VOO
VDAIX - VIG
VHDYX - VYM
and so on.

I compared [more]

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Boards Post

knighttof3 posted to the Tax Strategies board. 5:49 PM

index mutual fund question

If your broker offers free synthetic DRIP for ETFs and no-commission ETF trades, is there any reason to opt for an index mutual fund instead of an ETF with identical composition?

As far as I know the tax situation will be almost the same, or [more]

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Boards Post

knighttof3 replied to the First World Problems board. 1:43 PM

Re: Interesting Texts

"I am fine. Allahu Akbar!"

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Boards Post

knighttof3 replied to the Deranged Monkey Criticism board. 12:37 PM

Re: cheap thrills - painless ways to save

Let me plug Chase Freedom card - rotating 5% cash backs on things you buy most in that season (e.g. gas in summer); 1% on everything else; no annual fee; and the one I like best - redeem cashbacks in any amount you want.
I hate cards like [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 12:31 PM

Re: IBM: Is Buffett Wrong?

Consider your own portfolio: imagine you sell your Walmart shares at 14 times
cyclically adjusted earnings and instead buy Visa shares at 13 times cyclically adjusted net earnings.


That makes sense for my portfolio, or for a [more]

Tue Oct 21

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 8:14 PM

Re: OT: SP 500

Here is an intriguing strategy: http://online.barrons.com/articles/8-really-cheap-stocks-141...

tl;dr without Barron's subscription: check out BMLEX.
They [more]

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Boards Post

knighttof3 replied to the Living Below Your Means board. 6:20 PM

Re: Retired on $30,000 a Year

You are all living your life wrong. My choices are just better than yours.

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 5:26 PM

Re: OT - Safe Value - BP or IBM?

I am confident there must be some thoughts on BP as an investment within this generally well informed and thoughtful group!

Please don't take this as a personal attack, but your OP sounded like you believe in BP's value because you [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 2:54 PM

Re: Poll: What is IBM's IV?

The central question here is will IBM have significantly higher EPS in 5 years or not?. If the answer is yes, then it's probably cheap. If EPS is in terminal decline, then IBM is way overvalued.

Another possibility is that EPS is [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 11:45 AM

Re: Poll: What is IBM's IV?

After 31 votes, assuming these values for ranges (mostly midpoints, except $300+ is taken to be $400 and POS GTZ to be 0)

$400 2
$250 11
$175 8
$100 4
0 6

Median: $175
Average: $172.58
Mode: [more]

Mon Oct 20

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Boards Post

knighttof3 replied to the Words, Words, Words board. 8:05 PM

Re: Posted here because.....

And that's how I said it for years, "Don Quicks-Oat".
Americans don't say "keehottic", do they?
(Yes I am a citizen but this was not on the test.)

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 6:32 PM

Re: OT: IBM..."It’s a terrible mista

Berkshire's breakeven counting dividends to date is around $159.50 a share, so they're still up $645m.

On an investment of $10 billion. In three years. So about a 2.1% CAGR.

Here is an SeekingAlpha article that came out on [more]

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Boards Post

knighttof3 replied to the Words, Words, Words board. 6:05 PM

Re: Posted here because.....

Don Quixote (pronounced kee-hoe-tay),

But why?
I have put up with idiosyncratic English spelling for years, why do I have to do the same with Spanish?
All I want to do is to drive from San Joss to La Joe-lla and eat some [more]

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Boards Post

knighttof3 replied to the Retire Early Liberal Edition board. 5:43 PM

Re: when good appliances go bad...

There is truth mixed with smug condescension in that article.

Yes, we should not panic over Ebola, No argument.
No, it is not the same as tip-over. At least some fear of ebola (and terrorism) is due to lack of control. You can be good, [more]

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Boards Post

knighttof3 polled the Berkshire Hathaway board. 5:01 PM

Poll: What is IBM's IV?

Assume Mr Buffett bought IBM with some margin of safety, after reading their ARs for fifty years before pulling the trigger, at around $170/share.

What do you think is IBM's IV now? Why?

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 1:05 PM

Re: OT: SP 500

Sometimes the Devil makes me do this:
http://www.lmgtfy.com/?q=lowest+cost+S%26P+500+index+fund

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 2:03 AM

Re: IBM releasing earnings 7AM tomorrow

view most of the comments as over reacting. If they are losing $1.5B per year and it only costs them $1.5B to have somebody else take it over (think outsourcing) their ROI is potentially 2 years but actually sooner as they only have to pay 1/3 of [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 1:42 AM

Re: IBM releasing earnings 7AM tomorrow

Perhaps a naive question, but couldn't IBM just shut the unit down, lay everyone off, sell the machinery for scrap and STILL do better than negative $1.5 billion? Or just shut it down and give everything away for zero.
Why bother paying someone [more]

Sun Oct 19

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 2:35 PM

Re: Daughter's brokerage acct, advice?

Also, I am assuming that your cap weighted out performance numbers do not include the 0.4% expense ratio of the RSP and the money spent on commissions buying the RSP.

Quick note: RSP is commission-free at Schwab.
I am trying out [more]

Sat Oct 18

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Boards Post

knighttof3 replied to the Deranged Monkey Criticism board. 1:58 PM

Re: diversification

Ben Graham:
stocks/bonds 25/75 to 75/25 depending on his temperament.
Among stocks, 20 issues of prominent companies (for a defensive, i.e. time constrained individual.)

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