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Well, I have resigned effective 12/1/12. I'm calling it a sabbatical, but in my mind it's a possible retirement. After achieving FI a couple of years ago, I spent 18 months quietly wrapping up my old role for the acquiring company. It was dull, but the incentives to finish were significant, and...

Great thread - very interesting to see the common themes and techniques. I'm going to encourage my children to read it for advice and inspiration as they are just beginning to start their independent financial lives. For our part, we had a large family, and my wife taught the kids at home...

That's a great question. I do not know why the stars and the commentary do not agree.

Morningstar shows the dividend yield. I found the "Morningstar's Take" section to be interesting:

Freudian slip? :)

Lots of wisdom there, haha - thanks for sharing.

Great insight!

What's with the sarcasm, youbet? Perhaps you didn't intend to convey hostility, but that's how it's coming across to me. I was simply trying to explain that for me a decision to pay for private school, would have expenses over and above the tuition. In order to ensure that my kids fit into the...

We home school through 8th grade, use a highly regarded local public charter school for high school, and Purdue University thereafter. We let our kids know that they will start their independent lives with debt if they want to attend a private college. We encourage our kids to focus during high...

Any stock options?

Excellent clarification. My personal takeaway from the white paper is not that dividends are bad but instead that I should not allow dividend yield to become my highest investment priority. The white paper just puts dividends in the mix of "total return" and generally supports the...

Prior to reading this Vanguard white paper - https://institutional.vanguard.com/iip/pdf/WP_TotalRet.pdf - I perceived dividend income to be especially desirable and intended to invest accordingly. The article explains why qualified dividends are inferior to long-term capital gains after taxes...

Wow, great story, Alan - thanks for sharing. Inspirational!

I agree with this. Indexing is a simple way for retail investors to avoid making a number of common mistakes that can devastate their portfolios. As long as we avoid currency destruction or some other type of financial Armageddon, I'm confident that my wife and I can retire and stay retired by...

We're far enough apart on this issue that I don't think there's any reason to discuss it further. Let's just agree to disagree. I'll continue to be disappointed in the E-R.org community's response to bcinvest, and you presumably will continue to think as you indicate below.

A recent discussion at Bogleheads covered SPIAs in great detail. This post - Bogleheads :: View topic - With interest rates so low, are annuities effectively dead? - addresses the impact of interest rates on SPIA payouts. The effect is surprisingly slight. The high returns on SPIAs come...

According to a number of personal finance authors favored here and at Bogleheads Investing Advice and Info, single premium immediate annuities (SPIA) provide an inexpensive way to insure against longevity risk and thereby improve a portfolio's safe withdrawal rate. I think Jim Otar's analysis in...

FWIW, I found bcinvest's CTO analysis to be both informative and inspiring. Currently I am reading all of the material on Consolidated Tomoka Land Company - Daytona Beach, FL in an effort to develop my own value investment skills. If I can understand it well enough to see how the publicly...

I think it's also worth noting that at least one of us is too new to be a member of the choir and is interested in hearing what bcinvest is willing to share about his investment approach.

CTO looks like a dog with declining metrics at every level of the income statement and weak cash flow. That said, the balance sheet is not too bad - it's awash in retained earnings and has net tangible assets equal to about 68% of its market capitalization. Still, after reading everything I...

Interesting perspective, bcinvest - thanks for sharing. Would you care to share a bit more detail regarding your method of assessing "underlying value"? Also, do you trade a lot, or do you tend to buy and hold?

I see this a lot on bogleheads.org and in various investment books, but I have yet to see anyone take into account the domestic holdings of international companies. My operating assumption is that the two factors cancel one another out. In my personal allocation, I tilt toward the U.S. because...

I like the distinction Danmar makes between the accumulation and distribution phases. I think of LBYM as spending far less than one's income in order to save for future use. I don't see spending $38K out of $40K of income as being true LBYM. Consumption just below one's means is something...

Those who find expense tracking burdensome may want to consider Mint.com, which offers a free service that periodically aggregates information from your online accounts into a transaction database. You can easily reclassify, ignore, and add new transactions, and the site provides trending...

Thanks for the tip regarding the 1099DIV, LOL. I might have overlooked the mistake and overpaid my taxes. Regarding the overall mistake of buying the dividend, sometimes it's better to be lucky than good. After refining my calculations to include a higher tax rate for the non-qualified portions...