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Re: Angry when stock market is down

If anything about your portfolio is making your angry you're doing it all wrong.
by EmergDoc
Fri Sep 12, 2014 12:47 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3860

Re: Neighborhood kid around 13 throwing rocks at my house

Teach him Karate. First he can paint your fence, then wax your car....
by EmergDoc
Fri Sep 12, 2014 2:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Neighborhood kid around 13 throwing rocks at my house
Replies: 55
Views: 2955

Re: AARP Bulletin mentions Bogleheads Guide to Retirement Pl

He's now recommending 2.5% as a safe withdrawal rate. 1% is also a safe withdrawal rate. That was never the question. The question is what is a smart withdrawal rate. I mean, if I can just get a portfolio that keeps up with inflation (which seems awfully easy given TIPS yields) it seems like I'd ge...
by EmergDoc
Thu Sep 11, 2014 1:38 am
 
Forum: Investing - Theory, News & General
Topic: AARP Bulletin mentions Bogleheads Guide to Retirement Planni
Replies: 11
Views: 652

Re: Low Income Investor (Tax Concerns)

I wouldn't expect much of an effect on your taxes. The yield is 2%. 2% of $10K is $200. And in your tax bracket, the rate on capital gains and qualified dividends is 0%.
by EmergDoc
Thu Sep 11, 2014 1:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Low Income Investor (Tax Concerns)
Replies: 31
Views: 1784

Re: Tip for the Roofing Crew

I would have never thought to tip the guys working on my house. Roof, windows, plumber, HVAC....Never tipped any of them.
by EmergDoc
Wed Sep 10, 2014 12:42 am
 
Forum: Personal Consumer Issues
Topic: Tip for the Roofing Crew
Replies: 13
Views: 1284

Re: What's the riskiest Bogleheadish asset?

Frontier microcap value?
by EmergDoc
Tue Sep 09, 2014 7:19 pm
 
Forum: Investing - Theory, News & General
Topic: What's the riskiest Bogleheadish asset?
Replies: 74
Views: 6107

Re: historical return of micro cap equities

I'd suggest reading bridgeway's annual and semiannualreports, focusing on BRSIX.

http://www.bridgeway.com/resources/literature/

John Montgomery knows more about microcaps than you and I ever will.
by EmergDoc
Tue Sep 09, 2014 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: historical return of micro cap equities
Replies: 6
Views: 502

Re: Colleague being fleeced by insurance agent / Ponzi Schem

Most doctors won't agree with this as they often think they are god-like. That reminds me of Alec Baldwin in Malice: http://www.youtube.com/watch?v=8g2dkDh4ov4 I have an M.D. from Harvard, I am board certified in cardio-thoracic medicine and trauma surgery, I have been awarded citations from seven ...
by EmergDoc
Tue Sep 09, 2014 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Colleague being fleeced by insurance agent / Ponzi Scheme?
Replies: 54
Views: 5122

Re: Colleague being fleeced by insurance agent / Ponzi Schem

I admit I am not familiar with all kinds of financial instruments. But stand by my statement about building blocks. I was referring to investing at its most basic level: using capital to obtain additional wealth created by others. If you want to (legally) get a piece of wealth created by company X,...
by EmergDoc
Tue Sep 09, 2014 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Colleague being fleeced by insurance agent / Ponzi Scheme?
Replies: 54
Views: 5122

Re: Colleague being fleeced by insurance agent / Ponzi Schem

I recently had a discussion with a colleague (physician) who was telling me about her investments and insurance. She was basically giving me advice and clearly pleased with her choices. Essentially she was telling me that she works with a State Farm agent who handles her investments and insurance, ...
by EmergDoc
Tue Sep 09, 2014 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Colleague being fleeced by insurance agent / Ponzi Scheme?
Replies: 54
Views: 5122

Re: "Why 97% of People Don't Use 529 College Savings Plans."

529s are a tax break for the rich. The poor get grants and need-based scholarships. The middle class gets some tax credits/deductions. That's why 97% of people don't use a 529. Only the 3% who are rich or plan to become that way use them. If you're not putting away >$2K per year for your kids to go ...
by EmergDoc
Tue Sep 09, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 110
Views: 10120

Re: Rather macabre but necessary question

Sorry about your diagnosis. Seems like bucket list time to me. http://www.youtube.com/watch?v=D8axAKaObDo Remember that you're likely to be sicker (and will definitely be older) your last few years than you are now. If I were you I'd be scheduling adventurous trips I've always wanted to do with ever...
by EmergDoc
Tue Sep 09, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 72
Views: 5308

Re: If no access to DFA, Small Value worth it?

Given that I need to hire an advisor to get DFA or Bridgeway funds, I would then need to add those costs in when determining if it is worth it.
by EmergDoc
Sun Sep 07, 2014 11:32 pm
 
Forum: Investing - Theory, News & General
Topic: If no access to DFA, Small Value worth it?
Replies: 30
Views: 3960

Re: Whole of Life x2

30 years and 10 years? Probably ought to seriously consider just keeping them if the premiums are no big deal. If you wish to dump them, this post may help:

http://whitecoatinvestor.com/how-to-dum ... fe-policy/
by EmergDoc
Sun Sep 07, 2014 11:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whole of Life x2
Replies: 13
Views: 1077

Re: MD/MBA Investing Opportunities

Ahhh... a bunch of negative nellies here. If your dream is 80% clinical and 20% investment related, I say go for it. But they're right in that you need to do clinical first, then pursue the investment stuff on the side. If it works out, cut back on the clinical work. If it doesn't, well, you've got ...
by EmergDoc
Sun Sep 07, 2014 11:23 pm
 
Forum: Investing - Theory, News & General
Topic: MD/MBA Investing Opportunities
Replies: 23
Views: 2413

Re: Budget breakers

I really think the secret to budgeting is not having to budget. After years of doing a monthly budget we finally realized we were never even close to spending it all. Our income rise had been so much more severe than our expense rise, the only question was whether we were saving 20% or 50% of our in...
by EmergDoc
Sun Sep 07, 2014 2:09 am
 
Forum: Personal Consumer Issues
Topic: Budget breakers
Replies: 37
Views: 2762

Re: A 'really good book' you did NOT enjoy

War and Peace. I couldn't keep track of all the characters.
by EmergDoc
Sun Sep 07, 2014 1:30 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 210
Views: 9926

Re: Market at a all time high ( Sept 2014) , time to cash ou

When I look at my Total Market Index Fund it is up 250%. I have been thinking if I should sell half. What are others doing, I am sure I am not alone? 840 posts and still asking this question? I can excuse the OP, but I expect those who have been here for years to have a reasonable plan and be follo...
by EmergDoc
Fri Sep 05, 2014 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 3672

Re: america the beautiful national parks and lands pass

An update on the thread: I got in "free" to Teton National Park again. The booth was completely unmanned at 1 am for some reason. Nowhere to leave money except tape it to the window! Left at dusk, again no one at the booth. We arrived at Yosemite (Tioga Pass) at noon, and of course bought ...
by EmergDoc
Fri Sep 05, 2014 10:32 am
 
Forum: Personal Consumer Issues
Topic: america the beautiful national parks and lands pass
Replies: 66
Views: 5572

Re: Schwab PCRA...Worth it?

I use it in my 401(k). I mostly buy Vanguard ETFs. The commissions plus my 401(k) plan fee ($200 a year) are much cheaper for my level of assets than paying the AUM 401(k) fee (0.3% or so) and using the Vanguard mutual funds in the 401(k).
by EmergDoc
Fri Sep 05, 2014 8:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Schwab PCRA...Worth it?
Replies: 6
Views: 480

Re: Malpractice lawsuit from residency?

Yup, have "him" call the hospital and ask to talk to the risk management folks. They'll help "him" out. The letter is a "letter of intent" required in many states before filing suit. Responding to it (your lawyer, not you) firmly saying you've got a good case (and outli...
by EmergDoc
Tue Sep 02, 2014 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Malpractice lawsuit from residency?
Replies: 16
Views: 2570

Re: Physician Long term Disability- Premium pre or post tax

BruDude wrote:You're much better off paying tax on the value of the premium and getting the benefits tax free.


Only if you actually collect the benefits. If you don't (which is far more likely) you're better off vice versa.

I think this "truism" hasn't really been looked at carefully.
by EmergDoc
Mon Sep 01, 2014 10:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Physician Long term Disability- Premium pre or post tax
Replies: 21
Views: 1204

Re: Physician Long term Disability- Premium pre or post tax

If I was offered pre-tax premiums, I'd take them. There's a 6/7 chance you won't ever get benefits, but the pre-tax premiums are guaranteed. Plus, those benefits will be much less taxed than your current income, since it'll be a lot less income. A bit of arbitrage there really. This assumes you can ...
by EmergDoc
Mon Sep 01, 2014 9:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Physician Long term Disability- Premium pre or post tax
Replies: 21
Views: 1204

Re: Suggestions for a Western States road trip?

You might consider a day hiking in the Wind River Range and Teton Range. Devil's Tower is cool, but unless you're planning to climb it, you won't spend much time there. It just doesn't take that long to walk around it and there is literally nothing else to do there. It's a surprisingly difficult cli...
by EmergDoc
Mon Sep 01, 2014 5:11 pm
 
Forum: Personal Consumer Issues
Topic: Suggestions for a Western States road trip?
Replies: 20
Views: 1599

Re: table suggests total bond not best as diversifier

LT treasuries have had a heck of a year. My understanding was that historically you don't get paid enough for the additional volatility when you move from intermediate to long term. I can certainly imagine a scenario where LT treasuries and stocks tank at the same time (think rising interest rates) ...
by EmergDoc
Sun Aug 31, 2014 6:44 pm
 
Forum: Investing - Theory, News & General
Topic: table suggests total bond not best as diversifier
Replies: 20
Views: 1989

Re: Why invest in bonds?

Uh oh, are these threads starting to show up again? I remember seeing a lot of these in 2007 and early 2008. Not so many in 2009.
by EmergDoc
Sun Aug 31, 2014 5:41 pm
 
Forum: Investing - Theory, News & General
Topic: Why invest in bonds?
Replies: 103
Views: 6219

Re: Ideas for thanking a doctor

1) Pay the bill
2) Say thank you
3) Send a thank you note to the doctor's boss if any (hospital CEO etc)
4) Leave something nice on the internet rating sites
by EmergDoc
Sun Aug 31, 2014 6:34 am
 
Forum: Personal Consumer Issues
Topic: Ideas for thanking a doctor
Replies: 74
Views: 4583

Re: Sports Motivation Waning

I don't care if I win or lose, as long as its really close. That's not exactly true. I really care right up until the point where the game is over. Then I no longer care.
by EmergDoc
Fri Aug 29, 2014 10:59 pm
 
Forum: Personal Consumer Issues
Topic: Sports Motivation Waning
Replies: 18
Views: 1660

Re: The Power of Zero: Controversial New Book About Taxes

Although I didn't mention the book or author by name (we're actually kind of related), I reviewed this concept recently on the blog:

http://whitecoatinvestor.com/is-a-zero- ... good-idea/
by EmergDoc
Fri Aug 29, 2014 10:45 pm
 
Forum: Investing - Theory, News & General
Topic: The Power of Zero: [Book and tax planning for retirement]
Replies: 52
Views: 5201

Re: What are you up YTD?

7.2% on a 75/25 sliced and diced portfolio.
by EmergDoc
Fri Aug 29, 2014 8:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 101
Views: 7753

Re: A case for micro-lending index fund

There still seems to be a role for active management in the P2PL space. I would pay something for an actively managed fund, perhaps 0.25-0.5% if it were available.
by EmergDoc
Fri Aug 29, 2014 12:46 am
 
Forum: Investing - Help with Personal Investments
Topic: A case for micro-lending index fund
Replies: 4
Views: 357

Re: A Low-Return Future? Are We Prepared?

I do think things are not going to be nearly as good as they were in the past. As a result, I save 40%-50% of my income for retirement. If returns are better than expected then I'll be happy, but I want to be prepared in case they are mediocre or terrible. Well you're right that should solve all yo...
by EmergDoc
Thu Aug 28, 2014 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 189
Views: 12125

Re: A Low-Return Future? Are We Prepared?

I blogged about this a year and a half ago. Then I enjoyed my 2013 returns of 19.7% and my YTD returns of 7.17%. Maybe those guys are right and just early. Maybe it's cool to be a pessimist. I don't know. But this much I do know, if I really thought I'd get 2% real out of my stocks, I'd sell them al...
by EmergDoc
Thu Aug 28, 2014 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 189
Views: 12125

Re: My husband's " WILL", $ left for me to live on....

Welcome to the forum. I think marital counseling is in order. This is utterly ridiculous that he is worth $7 Million and only plans to leave his spouse $300K, not to mention the fact that you've been married 11 years and only now have seen his will. Not to mention that someone so wealthy wouldn't in...
by EmergDoc
Thu Aug 28, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17328

Re: What 5 stocks can I own forever?

Buggy whip companies and Polaroid.
by EmergDoc
Mon Aug 25, 2014 12:02 am
 
Forum: Investing - Help with Personal Investments
Topic: What 5 stocks can I own forever?
Replies: 58
Views: 4540

Re: Spouse not ready to cut ties with financial advisers

You can probably negotiate a discount. No reason to fire them if you like the service they're giving you and you can get it for a reasonable price. $30K a year is too much to pay for investment management in my opinion when there are so many firms willing to do it for $1-5K a year. Edit: Oh wait. I ...
by EmergDoc
Sun Aug 17, 2014 1:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 112
Views: 8945

Re: Help-Do I need a chip/pin card in europe?

Just got back. Used my PenFed card and a new USAA card, but sure had to sign a lot. Ran into a real issue once or twice at a toll booth where I couldn't get it to take any card I had. An attendant eventually came over and took cash. No big deal. Good luck finding a card that really works well. True ...
by EmergDoc
Sat Aug 16, 2014 1:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Help-Do I need a chip/pin card in europe?
Replies: 17
Views: 1222

Re: Motorcycle for short commute?

I'm in a financial stage where I could spare maybe an additional $50-100 a month towards additional transportation costs and I have about $3k on hand I could comfortably use for a down payment. These financials really wouldn't work for a car, unless it's a really old one and I don't want to take on...
by EmergDoc
Fri Aug 15, 2014 6:19 pm
 
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 63
Views: 3757

Re: How to value house with unwanted tennis court

It's worth what someone is willing to pay. Your issue will be you see it as a liability and the owner sees it as an asset. "All you have to do is resurface it and it's good as new" he's thinking while you're calling out contractors to get bids on removing it. It's worth whatever you two ag...
by EmergDoc
Fri Aug 15, 2014 6:06 pm
 
Forum: Personal Consumer Issues
Topic: How to value house with unwanted tennis court
Replies: 24
Views: 2156

Re: Renting forever: financial suicide?

My wife and I are DINK, early 30s, living in the SF Bay Area. In terms of saving, debt, retirement, etc, we feel like we are finally on a good path. However, the one missing component is the purchase of a home. We both make fairly modest salaries for this area, and simply cannot afford to buy unles...
by EmergDoc
Fri Aug 15, 2014 3:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 92
Views: 11004

Re: Why would a passive investor use ETFs?

I can see its flexibility being useful to an active trader but for a long term, passive investor i'm not sure what the draw over index mutual funds is. It's harder to buy in off hours, you may or may not be able to buy partial shares, and there is room for some user error when making the transactio...
by EmergDoc
Fri Aug 15, 2014 3:08 pm
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3775

Re: How to ensure military members don't get ripped off

While additional contributions are normally a good thing, I don't really think that's true in this case. I did the math and it would take decades for me to better off putting that tax exempt money into the TSP instead of a taxable account UNLESS you can eventually get it into a Roth.
by EmergDoc
Fri Aug 15, 2014 2:56 am
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4414

Re: How important is my insurance agent?

Weird. I've never had an agent. What does he do that can't be done by phone? Maybe I've been spoiled by USAA. If want to go into Canada and don't have a Canadian proof of insurance for your car your local agent can make one for you, and you swing by his office to pick it up on your way to the bridg...
by EmergDoc
Thu Aug 14, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2117

Re: How important is my insurance agent?

Weird. I've never had an agent. What does he do that can't be done by phone? Maybe I've been spoiled by USAA.
by EmergDoc
Thu Aug 14, 2014 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2117

Re: Weekend in Tucson - Kids' Birthday

Mt. Lemmon is nice this time of year, and much cooler than the desert museum, which is interest although anything but cool in August, but do yourself a favor and go first thing in the morning then spend the afternoon up Sabino Canyon or Mt. Lemmon or inside somewhere. Oh, I almost forgot. On your wa...
by EmergDoc
Thu Aug 14, 2014 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Weekend in Tucson - Kids' Birthday
Replies: 19
Views: 887

Re: Looking for an Advisor

This page lists 5 advisors who work with F Squared Funds: https://www.virtus.com/ Good luck investing. I hope it works out well for you and that you're not an employee of F Squared or an advisor company who uses their funds. Nobody likes sock puppets. But I'll give you the benefit of the doubt. Have...
by EmergDoc
Thu Aug 14, 2014 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Good Harbor and F-Squared
Replies: 16
Views: 769

Re: Roth questions from an MD

Hi everyone, I have been a member of this forum for approximately 4 years and have learned a lot. A nagging question I ask myself is whether a Roth 401K and/or backdoor Roth is/are appropriate for my situation. Here is my financial picture 41-year old salaried physician (Finished residency/fellowsh...
by EmergDoc
Thu Aug 14, 2014 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth questions from an MD
Replies: 32
Views: 3041

Re: MDs should I contest hospital privileges?

awval999 wrote:I don't understand. If it's their hospital and they don't want you there how are you going to contest that?


It's their hospital but not their medical staff. If you care, reapply or at least talk to the chief of the medical staff. If you don't, why go through the hassle?
by EmergDoc
Thu Aug 14, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: MDs should I contest hospital privileges?
Replies: 16
Views: 1789

Re: How to ensure military members don't get ripped off

According to the article the expense ratio for the federal funds is .029%, while the vanguard S&P index investor share ratio is about .17%. So vanguard is eight times as expensive? Something seems not right here. My guess is that the federal charge is somehow being subsidized? Or maybe not. In ...
by EmergDoc
Thu Aug 14, 2014 4:14 pm
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4414

Re: How to ensure military members don't get ripped off

Also remember that the TSP is the only place that you can make traditional contributions with tax-exempt combat pay over and above the annual limits and NEVER be taxed on those contributions. From what I have heard, it is a very difficult to deal with these tax-exempt balances outside the TSP and m...
by EmergDoc
Thu Aug 14, 2014 3:58 pm
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4414
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