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Re: Will stocks beat bonds over next 30 years?

I'm betting on it, but I hedge by holding some some bonds. I disagree that the likelihood is as high as 25%. I find Bernstein's math compelling.
by EmergDoc
Sat Nov 22, 2014 1:47 am
 
Forum: Investing - Theory, News & General
Topic: Will stocks beat bonds over next 30 years?
Replies: 23
Views: 1762

Re: NWM - Keep or cancel policy

I wouldn't say never kid66. I've seen some break even as early as year 4 with a bunch of paid up additions and the right design. But most of them sold are in the second decade.
by EmergDoc
Fri Nov 21, 2014 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: NWM - Keep or cancel policy
Replies: 11
Views: 1079

The Bogleheads Have Taken Over

I was looking at Amazon's "Mutual Fund" Category tonight and noticed that the Bogleheads have pretty much taken over the place. Here's the current list: The Little Book of Common Sense Investing - Bogle Beating the Street- Lynch Berkshire Beyond Buffett- Cunningham The White Coat Investor ...
by EmergDoc
Fri Nov 21, 2014 3:07 am
 
Forum: Investing - Theory, News & General
Topic: The Bogleheads Have Taken Over
Replies: 8
Views: 1995

Re: Tax deferred savings during partial work year before ER?

My gut reaction is to do Roth in this year, but I haven't run the numbers for you. Not sure why you'd defer tax in a low tax year. If you can't afford to do some conversions, well, fine, but if you're planning on saving for retirement, might as well go Roth I say.
by EmergDoc
Fri Nov 21, 2014 2:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax deferred savings during partial work year before ER?
Replies: 2
Views: 306

Re: Newbie: Designing a Tax-Efficent portfolio

Hi all, I have read with great interest the Bogleheads Guide to Investing and many of the forum posts. I’ve finally mustered the courage to post my own situation as I am in need of advice. Just writing this post and collecting all my info has been a valuable learning experience. I’m a newbie to inv...
by EmergDoc
Fri Nov 21, 2014 2:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie: Designing a Tax-Efficent portfolio
Replies: 6
Views: 1014

Re: Paid off our Mortgage this evening!

There's nothing wrong with your math, TradingPlaces. It ignores the behavioral aspect (most people who carry mortgages based on this math argument, including me, buy a boat instead of paying off the mortgage rather than invest instead of paying off the mortgage.) However, I've been giving this thing...
by EmergDoc
Fri Nov 21, 2014 2:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 61
Views: 5825

Re: NWM - Keep or cancel policy

Here's what I see (correct me if I'm wrong as the table obviously looks terrible). After 10 years of making $250 payments every month ($3000 per year) instead of having $30,000, you are guaranteed to have $18,978 and projected to have $23,598. Those represent returns of -8.53% per year and -4.42%. I...
by EmergDoc
Thu Nov 20, 2014 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: NWM - Keep or cancel policy
Replies: 11
Views: 1079

Re: Recommendations for HSA Investment

I've got $5K at HSA Bank and the rest in TSM via TD Ameritrade. I've been thinking about just investing it all and paying the fees starting this year though since I don't actually plan to spend out of this account for decades. http://whitecoatinvestor.com/choosing-an-hsa-provider/ http://whitecoatin...
by EmergDoc
Thu Nov 20, 2014 12:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Recommendations for HSA Investment
Replies: 15
Views: 1221

Re: Start a business

Those aren't the rules for getting rich I use. I use these: 1) Make a lot of money 2) Carve out a good percentage of it for building wealth. 3) Invest it in a reasonable manner. You don't have to own a business (though I own two), nor real estate (although I own several), or invest in the stock mark...
by EmergDoc
Thu Nov 20, 2014 3:05 am
 
Forum: Investing - Theory, News & General
Topic: Start a business
Replies: 14
Views: 1573

Re: Vacation in France

Hi all, However I face a new dilemma of sorts. I have been planning a 2 week vacation to France with my girlfriend in June 2015. I had always dreamt of having a nice vacation in Europe ever since I started working (16 years ago), but life always got in the way and it never happened. I am turning 40...
by EmergDoc
Thu Nov 20, 2014 12:58 am
 
Forum: Personal Consumer Issues
Topic: Vacation in France
Replies: 83
Views: 3932

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Browser wrote:Why anybody thinks that owning a piece of virtually every stock in the investment universe eludes me. This is not a strategy -- it is the total absence of a strategy. Forgive me JB.


Maybe it's the evidence?
by EmergDoc
Wed Nov 19, 2014 8:08 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 79
Views: 6827

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

He also, obviously, has a massive financial conflict of interest here- as a DFA advisor, of course he thinks DFA is awesome and you shouldn't use Vanguard. So Emergdoc, I am at a loss to understand the "massive conflict of interest." Obviously you know something that many of us don't. Sin...
by EmergDoc
Wed Nov 19, 2014 8:06 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 79
Views: 6827

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Although I invest more like Merriman, I think Taylor gave the better list. Sorry for stating he was an advisor, I had thought I heard that on the podcast. Did he used to be a DFA-approved advisor? I thought he had a DFA-using firm at some point, didn't he? At any rate, as a slice and dicer who uses ...
by EmergDoc
Wed Nov 19, 2014 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 79
Views: 6827

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Irritating that there is no transcript. "I think it's a very fine fund but not a perfect fund." It is broadly diversified, has low expenses, has low turnover, and exposes you efficiently to a great asset class." So basically, what he's saying is that you shouldn't listen to the rest o...
by EmergDoc
Wed Nov 19, 2014 12:38 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 79
Views: 6827

Re: Effect of market dip midstream

The ideal is flat, flat, flat, flat, flat....massive boom just before retirement. Of course that assumes that you get to the same place in the end. If the market really is doing poorly, it probably means growth is poor, and you don't end up at the same place. Better to be constantly rising and end h...
by EmergDoc
Wed Nov 19, 2014 2:03 am
 
Forum: Investing - Theory, News & General
Topic: Effect of market dip midstream
Replies: 6
Views: 944

Re: Extreme Generosity / Limiting Net Worth

We also spend less than $50,000 per year for a family of four!* *excluding: property taxes our mortgage liability, disability, professional liability, auto, home, and medical insurance premiums daycare car payment vacations charity Lol. I think I might be paying more in taxes this year than I spent...
by EmergDoc
Wed Nov 19, 2014 1:35 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9652

Re: Daughter Owes 2013 Taxes-Any Advice?

I'd stop payment on the student loans and medical debt and pay every dime to the IRS that I could find. Consequences much higher.
by EmergDoc
Tue Nov 18, 2014 9:48 pm
 
Forum: Personal Consumer Issues
Topic: Daughter Owes 2013 Taxes-Any Advice?
Replies: 21
Views: 2741

Re: Heads up best reward credit card I've seen.

This Amex blue cash preferred gives 6% off grocery stores up to $6000 annual and 3% off gas and department stores unlimited. I use my fidelity CC for 2% off everything, but we spend a lot on gas! this card has a $75 annual fee but gets a free $100 cash back bonus if you spend $1000 in the first thr...
by EmergDoc
Tue Nov 18, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Heads up one of the better reward credit card I've seen.
Replies: 54
Views: 5453

Re: HSA and FICA Taxes

The incredible unfairness of this to the self-employed seems a bit odd for the tax code. It doesn't seem like it would have been that hard to allow the self-employed to avoid FICA on HSA contributions.
by EmergDoc
Tue Nov 18, 2014 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA and FICA Taxes
Replies: 11
Views: 638

Re: HSA and FICA Taxes

I'd love to see this clarified with authoritative sources. I was also under the impression that if your employer wrote the check you didn't pay FICA, but if you are self-employed you do. I know, it makes no sense, but I swear I saw that somewhere, perhaps the same place as your first quote. Wish I c...
by EmergDoc
Tue Nov 18, 2014 12:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA and FICA Taxes
Replies: 11
Views: 638

Re: Approach to student debt advice

Get a doctor loan for the mortgage (0-5% down) and throw a big chunk of the money you (you're married now, right? So your debt and your income belong to her. Her savings and income belong to you) have at the student loans. Then refinance the rest at 2.6% variable. Let me know if you need a referral...
by EmergDoc
Tue Nov 18, 2014 2:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Approach to student debt advice
Replies: 32
Views: 3556

Re: Personal $$ Review - a product of Trev H and Livesoft

You're going to do fine. Once you know how to write out a post like you just did, you're 98% of the way there.
by EmergDoc
Tue Nov 18, 2014 1:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Personal $$ Review - a product of Trev H and Livesoft
Replies: 8
Views: 1247

Re: Whole Life Insurance vs. 401k Contributions

Ps if you can tell me where I can get a SAFE compounded----and TAX FREE 7% rate of return.....I am all ears..... I haven't seen it yet. Classic whole life arguments. Love it. It's the same lines over and over again. Yes, tax-free, but not interest free. Don't forget that part. I know where you can ...
by EmergDoc
Mon Nov 17, 2014 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3644

Re: Extreme Generosity / Limiting Net Worth

I think that's a big reason for the disparate percentage of giving, discussed in another thread here--people who are closer to those in need, to whom those in need are "one of us or could be," prioritize giving more than those more insulated from them. This is a theory, not a fact. I have...
by EmergDoc
Mon Nov 17, 2014 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9652

Re: Why own International at all?

In the era of globalization why own greater than a smudgeon of international? The long-term performance of the total international index is much lower than the total stock market index. Seems like all the risks without the returns. Thanks Performance chasing. It is unlikely this question would have...
by EmergDoc
Mon Nov 17, 2014 1:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Why own International at all?
Replies: 45
Views: 3963

Re: 35 yr-old doc needs some wisdom

1. You're doing great. Congratulations on finding the Bogleheads when you did. Try to grow into your income as slowly as possible. You want to save tons without feeling deprived. That's the key. Lately, I've been feeling a little deprived so I've been spending more. But as a physician author (not me...
by EmergDoc
Mon Nov 17, 2014 1:40 am
 
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 21
Views: 3842

Re: When do your account returns dwarf your contributions?

First in good years. Then in most years. But if you're like me and thus far have had a reasonably steadily rising income, it takes longer than you might expect.
by EmergDoc
Mon Nov 17, 2014 12:54 am
 
Forum: Investing - Theory, News & General
Topic: When do your account returns dwarf your contributions?
Replies: 51
Views: 5678

Re: Extreme Generosity / Limiting Net Worth

I'm finding that I enjoy giving money to extended family more than to complete strangers. Funding 529s for nephews/nieces etc. They might not need it as much as a Bangladeshi, but it seems to make me happier because it's almost like I get to share an experience with them.
by EmergDoc
Mon Nov 17, 2014 12:48 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9652

Re: Extreme Generosity / Limiting Net Worth

I think most people in need simply made bad choices in life. Obviously some, and perhaps even most, have done so. But it's not even close to all. I find that most who think so interact very rarely with those in need through their jobs or non-employment pursuits. I see the consequences of bad choice...
by EmergDoc
Sun Nov 16, 2014 7:25 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9652

Re: Extreme Generosity / Limiting Net Worth

As someone who has thoroughly been shaped and taught by the Boglehead investing philosophy, I am curious to hear how you feel about the topic of extreme generosity, i.e. setting lifestyle limits not for the sake of wealth accumulation, but rather for the sake of giving. We tend to encourage limitin...
by EmergDoc
Sun Nov 16, 2014 6:41 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9652

Re: Whole Life Insurance vs. 401k Contributions

When my son was born 22 years ago I bought 2 500k whole life policies on my life. $3,790 is the premium for each one. When the company demutualized I got stock which I immediately sold for $9000---which was a mistake as it would be worth $30,000 now --- oh well. Around a 5.3 % return Anyway I now h...
by EmergDoc
Sun Nov 16, 2014 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3644

Re: Rental Real Estate vs. Stocks and Bonds

$55K for $800 a month? I'd buy it unless it needed a ton of money poured into it. $800K*12*55%=a net operating income of $5280. $5280/$55K= a cap rate of 9.6%, an awfully attractive proposition where the stuff in the MLS around here is a cap rate of 4 or so.
by EmergDoc
Sun Nov 16, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental Real Estate vs. Stocks and Bonds
Replies: 14
Views: 1391

Re: Why Not 100% Treasuries if your Risk is on the Equity Si

I know many say they take their risk on the equity side yet their bond allocation includes investment grade corporates either separately or within a fund. I have a typical 60/40 AA. Within fixed income, 30% is in short-term corporates (VCSH) and 70% in Treasuries, TIPs, and a conservative Muni fund...
by EmergDoc
Sat Nov 15, 2014 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Not 100% Treasuries if your Risk is on the Equity Side?
Replies: 40
Views: 3580

Re: TIPS Versus TSP G Fund

I hold both.

My G fund fulfills my "G Fund" allocation.
by EmergDoc
Sat Nov 15, 2014 3:47 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS Versus TSP G Fund
Replies: 22
Views: 2399

Re: Dealing with pressure for "social donations" at work

My co-workers (not my employees and in fact we don't even work for the same employer) make between 1/3 and 1/30th of what I make. I just shut up and hand over the cash and consider it a privilege to be able to do so. Oftentimes if we structure it right we can even do it pre-tax. Maybe this is just ...
by EmergDoc
Sat Nov 15, 2014 1:44 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7865

Re: Help! Need Liquid Cash!

28 years old, married, 100k combined income in NYC. The majority of our savings are in tax differed accounts including our emergency fund in Roth IRAs. In October we completed a kitchen renovation that went over our budget. This renovation was paid from our checking account surplus. This month we h...
by EmergDoc
Sat Nov 15, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Need Liquid Cash!
Replies: 29
Views: 2407

Re: Your car(s) are equal to how many months income

I can throw the boat, both cars, and everything I own with an engine into the mix and still be less than 1 month.

I have a real problem with anyone who uses a ratio of their income to determine how much car to buy. No reason to spend more just because you make more.
by EmergDoc
Sat Nov 15, 2014 12:53 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5966

Re: Can active funds reliably beat the index? Actually, Yes

Surprised to see that the managerial factor was more important than the expense factor.

American Funds aren't in the lowest quartile for expenses are they? They always seemed pretty expensive to me.
by EmergDoc
Sat Nov 15, 2014 12:51 pm
 
Forum: Investing - Theory, News & General
Topic: Can active funds reliably beat the index? Actually, Yes.
Replies: 37
Views: 4627

Re: Real estate as my "million dollar idea"

Absolutely. Like I said, if I was 20 and I didn't so much care what I did, but I wanted to make a good paycheck, then I'd go into real estate. Heck, you don't even have to go to college. I'd get a real estate license, work for a property management company for a year or two to learn the ropes, and d...
by EmergDoc
Fri Nov 14, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real estate as my "million dollar idea"
Replies: 78
Views: 6295

Re: Does anyone here make "fun" purchases.

TheGreyingDuke wrote:
"There are two best days for owning a car, the day you buy it and the day you sell it."


You mean the day I wreck it or it dies? Because I don't sell cars. :) J/K
by EmergDoc
Fri Nov 14, 2014 3:56 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 6322

Re: Does anyone here make "fun" purchases.

First, let me say I'm a relatively newbie as you can see by my count. Second I am learning a ton of stuff especially about taking charge of my retirement. But....... lol Does anyone ever make a "fun" purchase. Let me explain, maybe we simply don't mention it. Now I'm definitely the type t...
by EmergDoc
Fri Nov 14, 2014 3:53 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 6322

Re: High Interest Student Loan

Seems smart to me. Federal loans are also eligible for IBR/PAYE and PSLF. She can always refinance once she's out of school too:

http://whitecoatinvestor.com/new-option ... financing/
by EmergDoc
Fri Nov 14, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Interest Student Loan
Replies: 1
Views: 215

Re: Real estate as my "million dollar idea"

The 45% of gross rent = expenses (or 55% = NOI) does not include mortgage related costs. Add those in and expenses could equal 100% or more of gross rent, depending on the mortgage terms and downpayment.
by EmergDoc
Fri Nov 14, 2014 2:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Real estate as my "million dollar idea"
Replies: 78
Views: 6295

Re: Dealing with pressure for "social donations" at work

My co-workers (not my employees and in fact we don't even work for the same employer) make between 1/3 and 1/30th of what I make. I just shut up and hand over the cash and consider it a privilege to be able to do so. Oftentimes if we structure it right we can even do it pre-tax.
by EmergDoc
Thu Nov 13, 2014 3:34 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7865

Re: Bogleheads not found easily in Google

You guys are aware that Google results are personalized, right? But I still get Bogleheads as the first result for "investment forum" whether the results are personalized or non-personalized.
by EmergDoc
Thu Nov 13, 2014 3:02 pm
 
Forum: Forum Issues and Administration
Topic: Bogleheads not found easily in Google
Replies: 30
Views: 2874

Re: Real estate as my "million dollar idea"

It's not passive, but it can give you an excellent hourly rate on your time. If I were 20 and not interested in a profession, but wanted a great income, this is definitely the route I would go down. When you're 40 and have the ability to trade your time for hundreds of dollars an hour, I'm not sure...
by EmergDoc
Thu Nov 13, 2014 2:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Real estate as my "million dollar idea"
Replies: 78
Views: 6295

Re: 'Insects' Taking Over Underground Sprinkler Control Box

Why not spray a bunch of ant killer and put in some ant traps when you turn them on in the Spring and when you turn them off in the Fall? Seems cheap and easy. If it doesn't work, you can try something more drastic.
by EmergDoc
Thu Nov 13, 2014 2:37 am
 
Forum: Personal Consumer Issues
Topic: 'Insects' Taking Over Underground Sprinkler Control Box
Replies: 11
Views: 869

Re: Real estate as my "million dollar idea"

Well, it doesn't make as much sense to use leverage when you've apparently got cap rate 18 properties all over town waiting to be bought. 18% returns are certainly plenty to get very wealthy very quickly, assuming you can keep it up. But basically, it works like this. You put down just enough money ...
by EmergDoc
Thu Nov 13, 2014 2:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Real estate as my "million dollar idea"
Replies: 78
Views: 6295

Re: Approach to student debt advice

Great insight kitty, and good points.
by EmergDoc
Thu Nov 13, 2014 12:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Approach to student debt advice
Replies: 32
Views: 3556
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