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Re: Do Bogleheads Feel Wealthier?

The premise is backwards for me: I spend little to make myself feel wealthy.
"I make myself rich by making my wants few." - Thoreau

Taste for expensive things makes me feel poor and trapped.
by DVMResident
Mon Jul 28, 2014 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 44
Views: 2439

Re: What after-tax income could you live on today?

Family of 3 in So Cal living on ~$60k post-tax dollars.
by DVMResident
Fri Jul 11, 2014 4:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: What after-tax income could you live on today?
Replies: 48
Views: 4995

Re: When you retire you plan to?

My pie-in-the-sky dream is to live in multiple places for a few months at a time before deciding. Then doing part-time inspections in my field that will go all over the world.

We'll see what life has in store.
by DVMResident
Mon Jul 07, 2014 6:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: When you retire you plan to?
Replies: 44
Views: 3376

Re: POLL: How Old is Your Newest Motor Vehicle?

2003 Accord (me) -family hand me down in 2006 (a domino family 5 car shuffle; deal I was got the Accord if I bought my brother a 2001 civic from my uncle)
2003 Prius (wife) - purchased used from a family friend in 2011
by DVMResident
Mon Jul 07, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How Old is Your Newest Motor Vehicle?
Replies: 37
Views: 2406

Re: Market Timing with the PE10

Or you could just buy-and-hold RAFI-funds. Similar idea, less work.
by DVMResident
Thu Jul 03, 2014 10:28 pm
 
Forum: Investing - Theory, News & General
Topic: Market Timing with the PE10
Replies: 18
Views: 2257

Re: Who do you talk with about your financial goals?

Goals and specific numbers are 2 different things. I'll reveal numbers or goals to different people. Goals : Only the wife knows ours goals (though she doesn't care...yet). They are retire at 55, then travel as an inspector for an accrediting body in my field. This will take us all of the world. Num...
by DVMResident
Tue Jul 01, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9080

Re: The IPO is dying - Marc Andreessen

Seems like a trend that large mega-corps are buying up smaller companies. In Biotech, this is especially true. VC have fled the sector and big pharma has taken up the reigns, even hiring former Biotech VCs to lead capital investment projects. I don't know if this is a permanent shift or big-business...
by DVMResident
Mon Jun 30, 2014 2:07 pm
 
Forum: Investing - Theory, News & General
Topic: The IPO is dying - Marc Andreessen
Replies: 16
Views: 1402

Re: Can you time the housing market?

The reason I am against market timing is because I believe the market is efficient (up to semi-strong form). Since the current price reflects all the available information, we can't generate excess returns using current information. Buying a house is not like buying a stock. A stock price reflects ...
by DVMResident
Tue Jun 24, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you time the housing market?
Replies: 21
Views: 1641

Using Larry's Minimizing Fat Tails Portfolio in a 529

I'm looking into 529 for the first time and the glide paths bother me. The bond allocations raise very quickly and, I'm worried if a black swan event occurs, the glide path could force a large sell off in the midst bear market. I reason it's safer to start more conservative and use a gentler glide p...
by DVMResident
Mon Jun 16, 2014 3:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Using Larry's Minimizing Fat Tails Portfolio in a 529
Replies: 7
Views: 644

Re: SAHM Banking Account

Does your account not charge fees? I'm waived out of it because my direct deposit from my salary. WellsFargo does not charge monthly fees if one has the PMA package. One will need to have $50,000 in investments at WellsTrade though. But, why don't you have some of your paycheck direct deposited int...
by DVMResident
Sat Jun 14, 2014 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: SAHM Banking Account
Replies: 7
Views: 562

SAHM Banking Account

My wife and I are expecting our first baby-yay! She will be staying at home for some unspecified amount of time (at least 6 months, maybe longer). She is currently at BofA. BofA is charging a monthly fee for no longer receiving monthly direct deposits or staying above the minimum. We transfer money ...
by DVMResident
Sat Jun 14, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: SAHM Banking Account
Replies: 7
Views: 562

Re: ICC Fund Closing (University of California)

kdmusic wrote:Thanks -- I'll take a look at the Fidellity fund, which seems like it may be like Total Bond a la Vanguard?

Keith


Short answer: Yes, extremely close. You won't notice the difference between the two funds.

Long answer:
Fidelity Spartan US Bond
Vanguard Total Bond
by DVMResident
Fri Jun 13, 2014 5:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: ICC Fund Closing (University of California)
Replies: 5
Views: 502

Re: ICC Fund Closing (University of California)

Unless you're at risk of inflation eating your purchasing power away (e.g. already retired), I don't see the point of increasing your TIPS allocation. The MM or Spartan® Short-Term Treasury Bond Index Fund - Fidelity Advantage Class Symbol (FSBAX) will probably have the nearest behavior to the ICC. ...
by DVMResident
Fri Jun 13, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: ICC Fund Closing (University of California)
Replies: 5
Views: 502

Re: Is a 2% withdrawal rate bulletproof ?

The circumstances under which 2% withdraw is unsafe for decades on end would mean the global economy will be awful. Under the dire circumstances that produce SWR of <2% would probably be accompanied by sustained deflation, deleveraging, liquidity crunch, and economical contraction.* Employment will ...
by DVMResident
Thu Jun 12, 2014 4:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is a 2% withdrawal rate bulletproof ?
Replies: 48
Views: 3956

Re: Is this a foolish asset allocation?

What I would really like to know is if the international small cap and value expense ratios are too high to justify allocating them. I asked the exact same question in this thread: Tilters: how much would you pay for a tilt? While the poll results were interesting, Berntson's response (#3 of the th...
by DVMResident
Mon Jun 09, 2014 11:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a foolish asset allocation?
Replies: 42
Views: 3594

Re: Bernstein: A Decade of Super-Low Returns

Can Bill provide the 95% confidence interval these returns?
by DVMResident
Mon Jun 09, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40]
Replies: 207
Views: 17160

Re: Frontier Markets vs Small-Cap Value

Within the context of a portfolio, EM/FM and SCV can play off each rather nicely as demonstrated by Larry: Minimizing Fat Tails Portfolio They exhibit lower correlations than other board indexes. While they are both high-risk assets their own, when paired together in a portfolio, the ride can be sur...
by DVMResident
Sun Jun 08, 2014 11:07 pm
 
Forum: Investing - Theory, News & General
Topic: Frontier Markets vs Small-Cap Value
Replies: 14
Views: 1194

Re: Why US over International?

And is it the same reason for all bonds in the lazy portfolio being US, and no International bonds? Low-cost international bonds funds are just starting to hit the market. Most of the Lazy portfolios are at least a few years old (and still good), when low-cost international bond funds were unavaila...
by DVMResident
Sun Jun 08, 2014 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Why US over International?
Replies: 15
Views: 1627

Re: Why US over International?

The historic efficient frontier for international equities is ~20%. This number moves around, with internationals outpacing the US in some decades and trailing in others. For what it's worth, I split 50 US/50 International. My logic is this: (1) We don't know what the efficient frontier is in the fu...
by DVMResident
Sun Jun 08, 2014 1:33 am
 
Forum: Investing - Theory, News & General
Topic: Why US over International?
Replies: 15
Views: 1627

Re: 401K employer match. Do you have that?

2. Is the match separate from your own contributions? Maybe that's how all these accounts are set up? No, same account. It's actually most likely in a separate sub account but you just don't notice most of the time until you do something like a take a distribution. Possible. Fido's website displays...
by DVMResident
Fri Jun 06, 2014 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K employer match. Do you have that?
Replies: 42
Views: 2273

Re: 401K employer match. Do you have that?

Please, some questions if you don't mind.... 1. Does your employer provide a match in your 401K or other employer sponsored tax deferred retirement account? Yes. 4.5% match if employee contributes 6%. After 3 years, 5% match (replacement of pension plan) on top of the 4.5%. No employee contribution...
by DVMResident
Fri Jun 06, 2014 2:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K employer match. Do you have that?
Replies: 42
Views: 2273

Re: I just graduated, fiancee has one more year - Marry now?

2 thoughts: (1) If your fiancee is on student loans, your income have negative consequences. If your fiancee has med school paid for (lucky you), this is not an issue. (2) I did almost exactly what you're proposing (expect it was to ensure continuous health care for wife when I changed jobs on short...
by DVMResident
Wed Jun 04, 2014 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: [I just graduated, fiancee has one more year - Marry now?]
Replies: 33
Views: 1161

Re: Medical Residency Retirement - Why don't we get a match?

No match here as a resident here in california UCs My veterinary residency was at the UCs. The funny thing was we could not be called "residents" because that brought all sorts of legal, HR, and Medicare issues. So we were regular employees (called "clinical specialists", a hype...
by DVMResident
Mon Jun 02, 2014 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical Residency Retirement - Why don't we get a match?
Replies: 57
Views: 3365

Re: What jobs are easy to get and pay well? Unpleasant is f

Clinical trials. Some, like sleep studies, require over nights in hospital. They always have trouble filling those spots.

Might pay a couple hundred, provide some free meals, and you may learn something interesting.

Task Rabbit lets your find odd jobs.
by DVMResident
Sun Jun 01, 2014 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: [short term job that's] easy to get and pays well?
Replies: 44
Views: 4937

Re: Should I use an in-plan after-tax ROTH Conversion?

Excellent, thanks for the tip.

The plan will fill up the pre-tax space first and then spill over goes to after-tax.
by DVMResident
Sun Jun 01, 2014 3:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I use an in-plan after-tax ROTH Conversion?
Replies: 3
Views: 339

Should I use an in-plan after-tax ROTH Conversion?

Hello Forum, I'm maxing out tax advantaged accounts and still have $6500/year plus an annual bonus (ranges from $0-$10,000/year) to invest over and above the tax-advantaged limits (401(k) and 2 ROTH IRAs). My Fidelity 401(k) allows for spill over after-tax investments. I just learned that the plan a...
by DVMResident
Sun Jun 01, 2014 1:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I use an in-plan after-tax ROTH Conversion?
Replies: 3
Views: 339

Re: Would you work without pay?

Livesoft, we work in the same field. Most projects go nowhere. Additionally, there's a lot of peripheral issues like politics, grants if you're in academia, etc that take up a huge amount of time and effort. I also have a family. First, I would take care of my family and myself. In this case, I woul...
by DVMResident
Thu May 29, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you work without pay?
Replies: 63
Views: 4008

Re: Quality of small-value stocks

Value funds buy the stocks out of favor. And they're unattractive for a reason. Wall Street has looked at these stocks and said "I know the fundamentals (P/E, cash flow, etc.) says this company is undervalued, but I think the stock is a bad investment for _____ reason. I'll pass." When you...
by DVMResident
Thu May 29, 2014 12:55 am
 
Forum: Investing - Theory, News & General
Topic: Quality of small-value stocks
Replies: 31
Views: 2248

Re: Question about REITS??

Given the data above: a $15 trillion US RE market and $20 billion equity market and REITs are only 1.7% of equity market then real estate is underrepresented by a lot. That's like putting half your portfolio in PF Chang's to account for the millions of Chinese restaurants in the world. The existenc...
by DVMResident
Tue May 27, 2014 7:25 pm
 
Forum: Investing - Theory, News & General
Topic: Question about REITS??
Replies: 54
Views: 3713

Re: Question about REITS??

"If you own anything besides the market weighting, you're betting that the market is wrong. If you have no information that that's the case, it's not a rational thing to do IMO." I disagree. The global market portfolio is currently something like this: US Stocks 20% Non-US Stocks 24% US B...
by DVMResident
Mon May 26, 2014 3:19 pm
 
Forum: Investing - Theory, News & General
Topic: Question about REITS??
Replies: 54
Views: 3713

Re: Question about REITS??

I agree with Johno, especially on the tax structure and the potential diversification from future unforeseen legal (state and federal) and political changes. I also disagree owning a RE fund is "Mis-weighting" the market. The US RE market is valued at $15 trillion. The US stock market is v...
by DVMResident
Mon May 26, 2014 1:31 pm
 
Forum: Investing - Theory, News & General
Topic: Question about REITS??
Replies: 54
Views: 3713

Re: The in-laws are broke!

House paid off plus SS, pension, and supplemental stipend...sounds like they're doing okay. They have a roof over their heads, food on their plate, and a decent family who visits them. If they really need increased cash flow, they could sell the house, downsize into an retirement community/apartment...
by DVMResident
Mon May 26, 2014 2:51 am
 
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 16205

Re: SCV – more “valuey” or lower expense ratio most importan

3) Trading 40 basis points in fees for an extra .1 value loading is a terrible trade. It will be a wash if the value premium continues at historic levels. But there is significant risk that the premium shrinks or disappears completely. Personally, I would pay no more than 20 basis points for a .1 i...
by DVMResident
Thu May 22, 2014 4:14 pm
 
Forum: Investing - Theory, News & General
Topic: SCV – more “valuey” or lower expense ratio most important?
Replies: 21
Views: 1326

Re: Emergency Fund Revisited

Taylor once gave me excellent advice: If you can raise funds in an emergency, one has no need for an "emergency fund". This is my thought, too. I keep enough of an ER fund to buy me enough time to liquidate low/semi-liquidity assets (house, cars, stocks, some inherited jewelry) and down-s...
by DVMResident
Tue May 20, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund Revisited
Replies: 24
Views: 1844

Re: When did you tell your children how much you had amassed

I didn't know until my Dad named me the executor of the estate when he and my mother passes. Even before seeing the paperwork, I had a pretty good idea by the fact my parents put 4/4 kids through college, 3/4 through professional grad programs (youngest still deciding), and they own a 5 bedroom hous...
by DVMResident
Mon May 19, 2014 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: When did you tell your children how much you had amassed
Replies: 135
Views: 10924

Re: what is the hardest financial decision?

Toughest for me: striking a balance with my spouse on saving rate vs spending. Second toughest: choosing between a university job with a pension and a mega-corp with a 401(k) plus higher salary. Non-financial factors ended up driving the decision, but I agonized over pension manly because the number...
by DVMResident
Thu May 15, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: what is the hardest financial decision?
Replies: 55
Views: 4974

Re: why do investors keep buying actively managed funds?

Larry, clarification question related to this statement: "actively managed mutual funds underperform their appropriate risk-adjusted benchmarks" 1a) Is this net of fees or independent of fees? 1b) If the underperformance is due to fees, does an active funds with similar fees to it's index ...
by DVMResident
Thu May 15, 2014 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: why do investors keep buying actively managed funds?
Replies: 104
Views: 7102

Re: Smid-Cap stocks

Play with this tool:
http://www.portfoliovisualizer.com/ViewEfficientFrontier

Change the date ranges for each decade. The efficient frontier is a moving target.
There's no way of knowing in advance.
by DVMResident
Tue May 13, 2014 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: Smid-Cap stocks
Replies: 17
Views: 1825

Re: Graduation Gifts - PhD

For my DVM/PhD my family flew into town on their own dime and we had a nice dinner. My dad picked up the tab.
The greatest gift was to see everyone who stood by me through the very long process. Very touching.
Showing up for the celebration is plenty.
by DVMResident
Mon May 12, 2014 5:36 pm
 
Forum: Personal Consumer Issues
Topic: Graduation Gifts - PhD
Replies: 15
Views: 1253

Re: Poll:Do small stocks have higher expected returns than l

My understanding is the small caps are riskier, but have better risk adjusted returns. Please correct me if I'm wrong . Here's the historical data for what it's worth: 1972-2013 (the maximum data set in PV) Large-cap blend (CAGR 10.21%, SD 17.96) -Sharpe Ratio .37 -Sortino Ratio .64 Small-cap blend ...
by DVMResident
Mon May 12, 2014 4:20 pm
 
Forum: Investing - Theory, News & General
Topic: Poll:Do small stocks have higher expected returns than large
Replies: 78
Views: 4635

Re: Poll:Do small stocks have higher expected returns than l

+1 What cheese_breath said: Small caps have historically outperformed large caps most of the time. However, large caps can outperform small caps for long periods of time. The out performance can easily last a decade. It's common for historically poor performs to have a moments of success. RE, gold, ...
by DVMResident
Mon May 12, 2014 12:16 pm
 
Forum: Investing - Theory, News & General
Topic: Poll:Do small stocks have higher expected returns than large
Replies: 78
Views: 4635

Re: Making extra cash

When I was a resident working at university... (1) I enrolled in couple clinical studies (one for $300 and another for $600). (2) Donated blood, which the employer gave 1 hour off work (plus pizza lunch :D) to donate plus 3 hours vacation. Donated 6 times. I didn't use the hours and cashed out the h...
by DVMResident
Fri May 09, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making extra cash
Replies: 38
Views: 4172

Re: Do you overweight International Small?

VSS in the Roth IRA at Vanguard

401(k) is with Fido with brokerage account. To avoid fees at Fido, I started using the following iShare ETFs:

EEMS - EM Small Cap (ER 0.67%)
SCZ - Dev. Small Cap (ER 0.40%)
by DVMResident
Fri May 02, 2014 12:05 am
 
Forum: Investing - Theory, News & General
Topic: Do you overweight International Small?
Replies: 32
Views: 1680

Re: Student loan payments not being applied correctly?

We've had the same issue with NelNet.
They are thieves.
We have filed a complaint with Consumer Affairs. Nothing done. We need a few move complainers. :beer
by DVMResident
Thu Apr 24, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student loan payments not being applied correctly?
Replies: 28
Views: 2015

Re: Bad 401K better than nothing?

Yes, if your IRA space is maxed, the 401k is worth it.

This is a temp job.
An ER 1.1% on $10k = $110/yr. Eh', not that big of deal over the short-term.

Avoid fixed fees like loads and 12b-1 fees.
by DVMResident
Wed Apr 23, 2014 1:13 am
 
Forum: Investing - Theory, News & General
Topic: Bad 401K better than nothing?
Replies: 7
Views: 661

Re: Is social security a good investment?

It's very difficult to calculate. SS benefits may or may not change over the coming decades. Trying to predict the coming changes is fruitless (and against forum policy). People who get the greatest "returns" (in the investment sense) from SS: -Low income (esp. below <~$40k/yr) -Married co...
by DVMResident
Tue Apr 22, 2014 3:11 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 2226

Re: Wealthfront/Smart Beta or what?

If there were a portfolio or a strategy that would outperform the market, it would quickly become the market profile. It took decades for passive cap-weighted indexes to replace active funds. And we still have a ways to go. Yet, Bogleheads reap the benefits of the index funds despite the fact they'...
by DVMResident
Mon Apr 21, 2014 3:44 pm
 
Forum: Investing - Theory, News & General
Topic: Wealthfront/Smart Beta or what?
Replies: 3
Views: 587

Re: Landlords and REITs

I own both a rental and REITs. Theoretical answer : REITs own commercial RE over diverse geographical regions, not private residences (with few exceptions). I don't see an (1) overlap and (2) my rentals (RE is local) will probably have a low correlation with my investments. Secondarily, the US RE ma...
by DVMResident
Mon Apr 21, 2014 1:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Landlords and REITs
Replies: 6
Views: 914

Re: 401k vs Pension

A couple other questions to consider for the OP: Is 62 considered full retirement age for the pension system, or is there a reduction in the formula for retiring before 65? You mentioned SS taxes in the first post. Are you certian that this position is covered by social security? I have no idea abo...
by DVMResident
Mon Apr 21, 2014 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k vs Pension
Replies: 15
Views: 1447
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