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Re: Safety schools for a Physics/Math kid

This is not east coast, but there are a lot of midwest state schools that are a short flight. Michigan, Illinois, Wisconsin, Penn State, Purdue, Northwestern. If he is a whiz, a big school will offer a lot of resources and the top % at a decent big school are as intelligent as any school. Charlie Mu...
by 325e
Mon Jul 01, 2013 9:28 am
 
Forum: Personal Consumer Issues
Topic: Safety schools for a Physics/Math kid
Replies: 263
Views: 15842

Re: Should I refinance or pay it all off?

When we got down to ~$65k, we went for the Penfed 5 year home equity loan. https://www.penfed.org/Home-Equity-Loans-Overview/ It is at 2.49% right now. It will either be free to initiate or ~$300 if they have to do an appraisal. Since you have so much equity, it is unlikely they will have to do an a...
by 325e
Wed Jun 26, 2013 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I refinance or pay it all off?
Replies: 20
Views: 1325

Re: Invest or pay down mortgage?

Do you have access to a 401k?

My personal preference is to max out all tax advantaged accounts, and then, throw extra at the mortgage. It is hard to beat the tax savings and tax free growth for many years.
by 325e
Tue Jun 25, 2013 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Invest or pay down mortgage?
Replies: 17
Views: 1583

Re: A thought on net worth 'skewedness'

Personally closer to B, though we were also a mix when we first started with the mortgage. I think you can use B to take on more risk, risks that do not include leverage necessarily but have bigger potential payouts. It gives you the advantage of not having to worry so much about cashflow. There are...
by 325e
Wed Jun 19, 2013 2:05 pm
 
Forum: Investing - Theory, News & General
Topic: A thought on net worth 'skewedness'
Replies: 53
Views: 3317

Re: novice physician investor, please help

If you use 4% withdrawal in retirement assumption, and 5% returns over inflation assumption, you can determine years to retirement based on savings rate: Savings Rate - Working Years Until Retirement 10 % - 51 years 20 %- 37 years 30 %- 28 years 40 %- 22 years 50 %- 17 years 60 %- 12.5 years 70 %- 8...
by 325e
Tue Jun 18, 2013 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: novice physician investor, please help
Replies: 33
Views: 2835

Re: Do I need so much cash?

Better to lean on the side of more cash than less, especially with the rates as had been said. I bonds are a great idea. I didn't get the feeling you are maxing your 401k, so you might consider getting on that if your EF is sufficient. In the case that you lost your job, you would roll the company 4...
by 325e
Tue Jun 18, 2013 9:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Do I need so much cash?
Replies: 17
Views: 2915

Re: Why buy expensive cars

More than ever, it seems like you are paying a lot for the status of an expensive car. Basic cars now have all the standard electronics (windows, etc), plenty of HP, good gas mileage, heated seats, reliable, good ride and handling, etc. To differentiate, the expensive cars are including more gadgets...
by 325e
Tue Jun 11, 2013 4:37 pm
 
Forum: Personal Consumer Issues
Topic: Why buy expensive cars
Replies: 271
Views: 25755

Re: Premium Products That Are Worth It To You

Great topic! If you've ever read On Walden, there is a hilarious part in it where Thoreau complains about the quality of pants being built "these days." +1 on the Vitamix blender. Our car was $1600, the blender was $470. But it has 2 horsepower and we use it at least ever morning. I have a...
by 325e
Fri Jun 07, 2013 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Premium Products That Are Worth It To You
Replies: 361
Views: 36195

Re: Paying off mortgage question

This is a very personal decision but myself, I agree with figure out how much your emergency fund should be, pay off the other two loans, and throw the remaining at the mortgage. Since the balance will be low at that point, you will have very little interest, and each payment will hammer the princip...
by 325e
Wed Jun 05, 2013 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage question
Replies: 21
Views: 1529

Re: Book recommendation - budgeting and thriftiness

Correct, the Vicki and Joe one, thanks IlliniDave.
by 325e
Mon Jun 03, 2013 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Book recommendation - budgeting and thriftiness
Replies: 29
Views: 2065

Re: Book recommendation - budgeting and thriftiness

Your Money or Your Life = greatest book on the reason to save money. Even more amazing is that it is more of a system. Once you go through it, you will make a plan for your personal goals, tie it to the budget, and never wonder why you are saving. Lots of reasons to save, don't want to work as long,...
by 325e
Mon Jun 03, 2013 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Book recommendation - budgeting and thriftiness
Replies: 29
Views: 2065

Re: Costco holdout considering membership

Inbox788 is right on in my experience. I hated my costco experience the first few times because the grocery bill was $200. But once we got focused and knew what to get, eliminated impulse buys like 5lb bag of chips, then it became a good deal. We go about every 2 weeks for fruits, veggies, frozen it...
by 325e
Mon Jun 03, 2013 10:38 am
 
Forum: Personal Consumer Issues
Topic: Costco holdout considering membership
Replies: 117
Views: 7273

Re: Training for a 5K

Make sure you don't go out too fast. Make the last mile your fastest and the first two just getting a real good warm up. Most amateurs go out of the gates way too fast. It is exciting and you feel great. But have the discipline to take it easy and you will catch up to those folks at the end. That is...
by 325e
Fri May 31, 2013 5:19 pm
 
Forum: Personal Consumer Issues
Topic: Training for a 5K
Replies: 67
Views: 2955

Re: Charlie Munger's 4 Secrets To Getting Rich

Good stuff. Charlie Munger is so smart that he makes things simple.

I remember one interview where the interviewer kept trying to pin him down on one secret to getting rich and he finally said something like "Put as much as you can into your 401k! Geez, I don't know how people miss this."
by 325e
Fri May 31, 2013 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: Charlie Munger's 4 Secrets To Getting Rich
Replies: 9
Views: 3026

Re: Am I on the right track?

The one benefit of buying a car like that is that it will come free with a set of gold handcuffs that will match your watch. Just kidding! :D It's great that you are making solid money just out of college. But you are about to fall into the high income trap. It's ok to feel entitled. You obviously w...
by 325e
Wed May 29, 2013 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I on the right track?
Replies: 46
Views: 2744

Re: Runners Knee...new shoes, orthodics, what?

My guess is [Medical condition removed by admin LadyGeek] . But that is a guess. I would google and try [Medical advice removed by admin LadyGeek] and see what happens. I use barefoot shoes (Merrell, but there are others). They take some getting used to and you have to start out slow but I think the...
by 325e
Wed May 22, 2013 6:31 pm
 
Forum: Personal Consumer Issues
Topic: Runners Knee...new shoes, orthotics, what?
Replies: 47
Views: 2238

Re: Timing buying a (future) classic Muscle car-Mustang BOSS

It seems that even for the cars that gain in value long term, they go through an awkward phase, or a devalued phase. Sort of like bell-bottoms. Then they come back. I would be that your Boss Mustang will be worth less next year, the year after and the year after, then about 20 years from now, maybe ...
by 325e
Fri May 17, 2013 5:53 pm
 
Forum: Personal Consumer Issues
Topic: Timing buying a (future) classic Muscle car-Mustang BOSS 302
Replies: 31
Views: 2289

Re: Just Sold Out. What do you think?

I really like the summary in updated Intelligent Investor that Warren Buffett gives. I'm paraphrasing: He thought prices were way too high one year in the 70s, but they ended up continuing to go up for 3 more years after he thought they were too high. His conclusion - just keep putting money into th...
by 325e
Tue May 14, 2013 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just Sold Out. What do you think?
Replies: 95
Views: 7522

Re: Anyone wish to share their play money investments?

BrkB, CME, and PRU. Pru I got a long time ago. It went from nothing to $100, back down a lot, and now back at $60. I would have been more upset about the swings if it was actually worth much, but it's only 59 shares. CME I just bought about $500 worth just for fun a few months ago. I don't know if i...
by 325e
Mon May 06, 2013 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone wish to share their play money investments?
Replies: 56
Views: 3559

Re: The anti-Taleb reviews Antifragile

Systems that have optionality (choices) and limited downside with unlimited upside potential have opportunistic turkey events. Basically, things happen for the way up positive that you could have never foreseen. So we should all go to the track once a week and put $10, or $100/week (or the upper li...
by 325e
Tue Apr 30, 2013 12:48 pm
 
Forum: Investing - Theory, News & General
Topic: The anti-Taleb reviews Antifragile
Replies: 197
Views: 19264

Re: The anti-Taleb reviews Antifragile

Reviving a dead one! Halfway through Antifragile and am enjoying it very much. Yes, he is out there a bit, but it is mind stretching. A few takeaways: Anti-fragile systems have a feedback loop. That is why a rock doesn't get stronger, but plants or people can. Set up your systems to have a feedback ...
by 325e
Tue Apr 30, 2013 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: The anti-Taleb reviews Antifragile
Replies: 197
Views: 19264

Re: Removing paint from brick house

Brick is not supposed to be painted because it "breathes", or it is porous. But, my house was also painted before us and we thought about getting it off. There are chemicals + scraping and other methods that I briefly looked into and realized it was going to be a lot of work and mess. Pain...
by 325e
Mon Apr 29, 2013 12:19 pm
 
Forum: Personal Consumer Issues
Topic: Removing paint from brick house
Replies: 7
Views: 1010

Re: A basic Question That Has Been Bothering Me

Thanks Taylor, in retrospect looking back, that makes perfect sense. :D
by 325e
Fri Apr 26, 2013 9:28 am
 
Forum: Investing - Theory, News & General
Topic: A basic Question That Has Been Bothering Me
Replies: 30
Views: 3257

Re: Looking back is clearer than looking ahead.

325: But you can also think of it like - past performance DOES indicate future returns. Buffett: "In the business world, the rearview mirror is always clearer than the windshield." You may have misinterpreted Mr. Buffett's analogy. Best wishes Taylor Not disagreeing, but you're leaving me...
by 325e
Thu Apr 25, 2013 6:03 pm
 
Forum: Investing - Theory, News & General
Topic: A basic Question That Has Been Bothering Me
Replies: 30
Views: 3257

Re: A basic Question That Has Been Bothering Me

This question is not so basic. You can also think of it like - past performance DOES indicate future returns. Buffett: "In the business world, the rearview mirror is always clearer than the windshield." In other words: -Since Wellesley has never had 8% a year every year, it won't have 8% e...
by 325e
Thu Apr 25, 2013 5:06 pm
 
Forum: Investing - Theory, News & General
Topic: A basic Question That Has Been Bothering Me
Replies: 30
Views: 3257

Re: Refinance from 3% to 2.625% no closing costs worth it?

Agreed that as long as it's not a tiny amount, it is worth it for two reasons: -saves you money, probably more than you can make working a few hours at your job -increases flexibility with lower payment. I like the idea to keep it on track, but why not lock in a lower payment to effectively increase...
by 325e
Wed Apr 24, 2013 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance from 3% to 2.625% no closing costs worth it?
Replies: 33
Views: 3345

Re: mortgage question

If you're making $275k, then it's really not about whether you have enough to pay the 15 year or 30 year, especially on a reasonable mortgage like that. So I personally would go with the 15 year as a mental "lifestyle inflation" stopper, as well as pay off the student loan as quickly as po...
by 325e
Mon Apr 15, 2013 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: mortgage question
Replies: 22
Views: 2468

Re: 8 days in NYC -- need hotel advice.

Used airbnb for the first time on a trip to LA. It was excellent. $125 a night for a place right near Abbot Kinney. People have plenty of reviews, those are good indicators.

But I don't know about the laws in NY, so I can't comment on that. My guess is you'll be just fine.
by 325e
Fri Apr 12, 2013 6:05 pm
 
Forum: Personal Consumer Issues
Topic: 8 days in NYC -- need hotel advice.
Replies: 27
Views: 2034

Re: Berkshire hathaway vs. closed-end fund

Right at that GE dip is about when BH loaned them a couple billion at 10% interest. It's nice to have $40B on hand to loan to companies that are trying to hit every single quarter to make their stock look good. I would consider BH to be similar to a very concentrated fund. Not like vanguard total ma...
by 325e
Tue Apr 09, 2013 2:27 pm
 
Forum: Investing - Theory, News & General
Topic: Berkshire hathaway vs. closed-end fund
Replies: 24
Views: 2009

Re: Can the average investor make money in real estate?

Buying a duplex has pros/cons. For us, it was probably the best financial decision we've ever made even though we bought at just about the worst time (that was the worst financial decision, lesson learned). On the con side, you can't get "away" from your renter. On the plus side, you don't...
by 325e
Mon Apr 08, 2013 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can the average investor make money in real estate?
Replies: 50
Views: 5011

Re: Why do investors chase dividend paying strategies

I think the posts that say "dividend return is only a mental feel good accounting" are funny. Isn't the emotional part of investing at least half of it, maybe more? And if it makes people only feel better to have a check four times a year, then that is all they need. Their strategy of hold...
by 325e
Mon Apr 01, 2013 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: Why do investors chase dividend paying strategies
Replies: 439
Views: 34086

Re: can i buy my sportscar?

I like the older porsches. You can get an 80s 911 for $20k. You'll have to eat a few maintenance costs now and then, but you'll probably be sick of it after a few years and then can sell it again for $20k.
by 325e
Thu Mar 28, 2013 3:35 pm
 
Forum: Personal Consumer Issues
Topic: can i buy my sportscar?
Replies: 129
Views: 8396

Re: Which direction on rental property?

My thought on paying personal mortgage is 1. You can deduct 100% of rental mortgage interest vs income (instead of only what is over your itemized deduction floor for personal property). 2. If you like where you live, I would much less want to lose that house if you can't pay the mortgage vs. a rent...
by 325e
Mon Mar 25, 2013 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which direction on rental property?
Replies: 16
Views: 1273

Re: Which direction on rental property?

Nice job! What do your other investments look like? Are you retired? Or do you have a 401K? How much do you put into a roth? I love paying down the mortgage on [personal property after 401k and roth, but wouldn't be as motivated if it were a rental property. If you've already maxed out better option...
by 325e
Mon Mar 25, 2013 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which direction on rental property?
Replies: 16
Views: 1273

Re: Apple Stock - Seems great, right?

Tech industry is one of the most difficult markets to predict. Apple could continue to go up, but eventually, UNLESS IT CHANGES STRATEGY like IBM, the odds are that it will go down like Dell, HP, Kodak, and every other tech company. Is that next year, 5 years, or 40 years, we have no idea. http://br...
by 325e
Thu Mar 21, 2013 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Apple Stock - Seems great, right?
Replies: 29
Views: 2407

Re: should we think about retirement?

There are so many options for you and if you're up for living frugally, I'd say go for it. People have retired with much less. Backup plans: work part time move to a lower cost of living place either in the US or internationally airbnb.com a room in your apartment (if you hang up the rv) I remember ...
by 325e
Wed Mar 20, 2013 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: should we think about retirement?
Replies: 105
Views: 6590

Re: New car vs 2 year old

Any good car like a Honda accord is so reliable now, that as long as the person changed the oil and didn't get in any major accident, you save a lot by going used. I prefer private parties for a better deal (craigslist). If the person seems normal and they have maintenance records, and you check the...
by 325e
Mon Mar 18, 2013 9:04 am
 
Forum: Personal Consumer Issues
Topic: New car vs 2 year old
Replies: 32
Views: 2771

Re: Longtime Lurker - First Portfolio Post

Are you only allowed to put 10% into 401k, or is that your choice? I would max that out first. You can always roll it into a roth and pay taxes but not penalties if you need access to it. And then you have investments making tax free returns. A 401k isn't that hard to get a hold of if you need to. A...
by 325e
Fri Mar 15, 2013 2:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Longtime Lurker - First Portfolio Post
Replies: 10
Views: 1417

Re: Broke New Doctor Needs New Car! How?

small hondas and toyotas are good. I also like mazdas, they are a little cheaper less brand name. An old protege can be had for under $2k. Also like the old volvo 240s, they last forever and can be had for under $2k. You can drive them forwards or backwards because they look the same in either direc...
by 325e
Thu Mar 14, 2013 11:00 am
 
Forum: Personal Consumer Issues
Topic: Broke New Doctor Needs New Car! How?
Replies: 59
Views: 4290

Re: Cashing Out ROTH IRA contributions

I would keep the money in the roth too. It will be giving you tax free returns in 30 years, you can't beat that.

Refinance the loan with Penfed, or others, or just throw a few hundred a month extra at it. You are right that it is a nice place to earn a guaranteed payback.
by 325e
Tue Mar 12, 2013 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cashing Out ROTH IRA contributions
Replies: 4
Views: 627

Re: Why should young people invest in bonds at all?

To me, it's the idea from "Intelligent Investor." The reason to have bonds is so that you hold onto your stocks when they're getting a beating. I thought I was strong before 2008 and went in with all great individual stocks in my taxable like brkb, MO, etc. I didn't sell at the bottom, but...
by 325e
Mon Mar 11, 2013 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why should young people invest in bonds at all?
Replies: 77
Views: 5815

Re: Are you concerned....

If you were the owner of a profitable Walgreens, would you sell it tomorrow and sit on cash because of the front page of the news? American businesses over time make money. And stocks are a partial ownership of those businesses. The prices go up and down based on people's emotions but over time they...
by 325e
Wed Mar 06, 2013 5:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are you concerned....
Replies: 32
Views: 2550

Re: One More Question- Actually, A Few [Pay down debt, loans

Hi Nancy, After you get done with the Dave Ramsey, check out the book "Your Money or Your Life." It sounds like it is some motivational book, but actually it will lay out a nice plan for you to figure out exactly when you can retire. It will also help you prioritize which parts of your bud...
by 325e
Tue Mar 05, 2013 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: One More Question- Actually, A Few [Pay down debt, loans]
Replies: 20
Views: 1365

Re: Market > Buffet's BRK - Indexing wins again.

The actual stock price of Brk is up against SP500 in the last year. From March - March, brk is up ~30%, SP500 is up ~10%. 2y - berkshire wins 5y - almost exactly the same 10y - berkshire up 3x Buffett doesn't measure by that though, he goes by book value, not stock price. And book value last year wa...
by 325e
Mon Mar 04, 2013 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Market > Buffet's BRK - Indexing wins again.
Replies: 21
Views: 2885

Good quote from Berkshire Report

A thought for my fellow CEOs: Of course, the immediate future is uncertain; America has faced the unknown since 1776. It’s just that sometimes people focus on the myriad of uncertainties that always exist while at other times they ignore them (usually because the recent past has been uneventful). Am...
by 325e
Fri Mar 01, 2013 6:35 pm
 
Forum: Investing - Theory, News & General
Topic: Good quote from Berkshire Report
Replies: 4
Views: 827

Re: Never Want To Take Out A Loan Again.

It is great that you have taken a big step to improving yourself, and willing to put up with the heat you're getting. You are on the right path just by asking. Take one step at a time. Look at the big items first and then start going down the list. You don't have to do everything at once. Check out ...
by 325e
Wed Feb 27, 2013 3:15 pm
 
Forum: Personal Consumer Issues
Topic: Never Want To Take Out A Loan Again.
Replies: 110
Views: 7454

Re: How are we doing? & Put 25% bracket into 457?

Seems like you're doing great so far. I'd agree to get money into tax advantaged first now. Then only if you have anything left, throw it at the mortgage. You've hit the mortgage hard enough that youre mostly paying principle anyways. One idea....have you checked out the penfed 5 year HEL instead of...
by 325e
Sun Feb 10, 2013 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: How are we doing? & Put 25% bracket into 457?
Replies: 29
Views: 2123

Re: Is [this] a stupid idea? - Extreme mortgage payoff

This has been an very interesting topic. I must be in the minority, I too have been aggressively paying down my mortgage. I have a 2.75% 5/1 ARM that I am 13 months into and it is our only debt. I just turned 36 and have been paying an extra $30K towards the principle the last two January's. I will...
by 325e
Fri Feb 08, 2013 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is [this] a stupid idea? - Extreme mortgage payoff
Replies: 40
Views: 4484

Re: Buy and hold Sell covered calls

From my understanding, the reason the buyer would not call the in the money option is that they don't want to separate with the funds. They are using you to put up the money, leveraging your cash. They put up a couple hundred, you put up a couple thousand, and they can go into a bunch of positions w...
by 325e
Thu Feb 07, 2013 3:54 pm
 
Forum: Investing - Theory, News & General
Topic: Buy and hold Sell covered calls
Replies: 36
Views: 2146

Re: Critique a 31 year old new doctor's plan

I was going to recommend Millionaire Next Door, but looks like you read it. I always thought it was interesting that my net worth was higher than Michael Jackson when he died. That's because he was about -$400mm or so! He went into the black a month after he died because there was no one to spend th...
by 325e
Wed Feb 06, 2013 11:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Critique a 31 year old new doctor's plan
Replies: 56
Views: 4966
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