Search found 10709 matches

by EmergDoc
Mon Jul 27, 2015 6:00 pm
Forum: Personal Consumer Issues
Topic: Zions, Bryce, Grand Canyon Late March
Replies: 23
Views: 828

Re: Zions, Bryce, Grand Canyon Late March

Buckskin in summer? Sounds brutal. You'll be more than glad to jump into those pools, if they're still there, in mid-summer. I think April and early May are the best time for Buckskin. While it can be done in a day, the overnight stay at the confluence is nice (especially if you can camp comfortabl...
by EmergDoc
Mon Jul 27, 2015 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 20
Views: 2392

Re: Rewards Checking-An Easy Way to Earn Extra Money

A couple easy methods to meet the debit card charge requirements online, without having to go to a store: Telecoms (e.g., AT&T, Comcast) allows you to pay bills in increments as low as $1. Amazon gift cards can be bought in tiny increments, immediately show up in your email and can be applied t...
by EmergDoc
Mon Jul 27, 2015 4:27 pm
Forum: Personal Consumer Issues
Topic: Zions, Bryce, Grand Canyon Late March
Replies: 23
Views: 828

Re: Zions, Bryce, Grand Canyon Late March

I understand the desire to see different things, but that's sort of a lot of driving. Do any of your kids love animals? You might want to look into visiting Best Friends Animal Shelter while you are in the region. I might add an extra day in Las Vegas for the Hoover Dam or Red Rocks Canyon and skip...
by EmergDoc
Mon Jul 27, 2015 4:23 pm
Forum: Personal Consumer Issues
Topic: Zions, Bryce, Grand Canyon Late March
Replies: 23
Views: 828

Re: Zions, Bryce, Grand Canyon Late March

Did similar two years ago (same time of year), and my kids liked it so much we went back next year. Highlights were zion canyoneering trip w/ guide and zion narrows hike (with dry suits), both were well beyond their limits, which normally would backfire, but these were unique enough they wanted to ...
by EmergDoc
Mon Jul 27, 2015 4:19 pm
Forum: Personal Consumer Issues
Topic: Zions, Bryce, Grand Canyon Late March
Replies: 23
Views: 828

Re: Zions, Bryce, Grand Canyon Late March

Thoughts on this? Weather ok that time of year? Things to do? Places to stay? Buckskin Gulch is one of the longest slot canyons in the world and if you don't want to hike the 21 miles thru you can always hike in and turn back after a few miles. Plus, after the first few miles everything starts to l...
by EmergDoc
Mon Jul 27, 2015 4:16 pm
Forum: Personal Consumer Issues
Topic: Zions, Bryce, Grand Canyon Late March
Replies: 23
Views: 828

Re: Zions, Bryce, Grand Canyon Late March

Way off investing, but figure I trust the wisdom here as muach as anywhere. Thinking 8 nights end of March, 2016 with wife and daughters age 15 and 13. Land in Las Vegans, first night in LV, 2 nights Zions, 1 night Bryce, 1 night Page/lake Powell, 2 nights GC South Rim, and 1 night Sedona, fly out ...
by EmergDoc
Sun Jul 26, 2015 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Medical Student Investor
Replies: 10
Views: 1002

Re: Medical Student Investor

Oh yea, liquidate the taxable stuff and use it for school. Good job on the Roth 401(k).
by EmergDoc
Sun Jul 26, 2015 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Mom - I'm Concerned About Her Advisor
Replies: 24
Views: 1769

Re: Helping Mom - I'm Concerned About Her Advisor

bandit510 wrote:I'm helping my mother review her investments. I believe she is vastly over paying in fees. She is using the same advisor, Ameriprise, !


You are correct.
by EmergDoc
Sun Jul 26, 2015 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 20
Views: 2392

Re: Rewards Checking-An Easy Way to Earn Extra Money

which perhaps average $50 each, Well, that's your problem right there. My average transaction is probably $4-$5. I mostly do it for breakfast on the way to work and lunch out while working. I could be using my 5% cashback credit card, but spending $4 x 24 (12 debit transactions, and 12 transactions...
by EmergDoc
Sun Jul 26, 2015 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 20
Views: 2392

Re: Rewards Checking-An Easy Way to Earn Extra Money

It's even less money when you subtract the rewards that could have been earned by a credit card on the required number of transactions, not to mention the hassle factor of keeping track of the transactions. They've carefully crafted the requirements to make it not worth the time of the vast majority...
by EmergDoc
Sun Jul 26, 2015 3:41 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 86
Views: 7707

Re: Scott Burns – Don’t quit your day job.

Waaa waaaa waaaaa Life is so hard. I can never retire. I better work until I'm 75 and then use a 1.5% withdrawal rate. Seriously people. It isn't half as dismal as most people seem to think for various reasons. # 1 You probably won't live 30 years after a standard retirement anyway. Average is 19 ye...
by EmergDoc
Sat Jul 25, 2015 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Medical Student Investor
Replies: 10
Views: 1002

Re: Medical Student Investor

I just want to point out something that seems very obvious to me, but may not be to you. Eliminating 5.84% loans on the front side may be your best investment. Many investors on this forum would kill for a 5.84% guaranteed investment. Especially in a pre-tax account when you are a med student and ex...
by EmergDoc
Fri Jul 24, 2015 11:24 am
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3672

Re: How to pay taxes on blog income?

Why not an individual 401(k)? At lower income levels, a SIMPLE can sometimes make sense in that it allows for a higher contribution due to the different definition of "net earnings from self-employment." Could you enlighten us on this. I am not aware of anything about self-employment inco...
by EmergDoc
Thu Jul 23, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: I'm a spender?
Replies: 44
Views: 5686

Re: I'm a spender?

Spend a little, but not a lot until the loans are gone. I recommend you continue to "live like a resident" until your student loans are paid off. But what I mean by that is to live on $75 or $100K (still a very nice raise from your resident salary), pay $100K intaxes, and put the other $20...
by EmergDoc
Thu Jul 23, 2015 12:22 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 5997

Re: Why I Said "No" to Peer-to-Peer Lending

T 2) Low correlation with the rest of my portfolio Do you have junk bonds in your portfolio? I bet that's going to have some correlation with p2p lending. No, I don't. My other fixed income is very safe with half in the G fund and half in TIPS. I'm not sure what kind of correlation you'd see betwee...
by EmergDoc
Wed Jul 22, 2015 11:22 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 5997

Re: Why I Said "No" to Peer-to-Peer Lending

I do have some at Prosper, but not nearly as much. Good point though.
by EmergDoc
Wed Jul 22, 2015 10:15 pm
Forum: Personal Consumer Issues
Topic: lock for $500 bike
Replies: 27
Views: 2449

Re: lock for $500 bike

You must be in a really bad part of town that anyone would consider stealing a $450-500 bike. Must be mostly joyriders, there can't be much of a market for those. A lot of the thieves in San Francisco are after any ridable bike. They're all worth $20-50 of drugs. Unless the thief is entrepreneurial...
by EmergDoc
Wed Jul 22, 2015 10:13 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 5997

Re: Why I Said "No" to Peer-to-Peer Lending

My gut feeling is that you are NOT COMPENSATED for the level of risk you are taking. Shouldn't these borrowers be paying 20%-30%+ like some do on credit cards? But you only charge them 10%? What am I missing? You might be right. Tell me, what are the expected returns on a well-selected, diversified...
by EmergDoc
Wed Jul 22, 2015 10:07 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 5997

Re: Why I Said "No" to Peer-to-Peer Lending

Day9 wrote:My gut feeling is that you are NOT COMPENSATED for the level of risk you are taking.

Shouldn't these borrowers be paying 20%-30%+ like some do on credit cards? But you only charge them 10%? What am I missing?


No, I charge them 20%. I make 12% after the defaults.
by EmergDoc
Wed Jul 22, 2015 6:04 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 5997

Re: Why I Said "No" to Peer-to-Peer Lending

I'm always surprised to see people holding a portfolio with an expected real return of -1 to 1%. That basically means you have to save everything you hope to spend later in retirement. I'd rather see my portfolio do some of the heavy lifting, so I've decided to take some risk with it. So far, that ...
by EmergDoc
Wed Jul 22, 2015 4:44 pm
Forum: Investing - Theory, News & General
Topic: "The Value of Financial Advice" by Wade Pfau
Replies: 13
Views: 2161

Re: "The Value of Financial Advice" by Wade Pfau

I think the vast majority of investors would benefit from high-quality, low-cost financial planning and investment management. However, that is a surprisingly rare commodity and difficult to find until you pretty much know enough to do it yourself if you so wish. Rather than asking people who use an...
by EmergDoc
Wed Jul 22, 2015 4:19 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3672

Re: How to pay taxes on blog income?

But you pay at your marginal income tax rate, like any job. Not quite "like any job." Your marginal tax on self-employed income on your 1040 will be your marginal tax rate on ordinary income plus both halves of the self-employment (FICA) tax. Since Victoria is retired and presumably doesn...
by EmergDoc
Wed Jul 22, 2015 4:15 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 5997

Re: Why I Said "No" to Peer-to-Peer Lending

I'm not saying you should put 30% of your portfolio into it, but high returns are high returns, where ever they come from. Why aren't you saying that? High returns are high returns, wherever they come from, right? Or does risk matter? (Sorry to be sarcastic, but read what you're saying... "Woo...
by EmergDoc
Wed Jul 22, 2015 2:37 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3672

Re: How to pay taxes on blog income?

On a related topic- Has anyone with blog income or side income ever set up a Simple IRA? - I am curious as to what is involved in setting one up- Is there paperwork involved or is a 1099 showing income sufficient to establish your personal business- Currently I am working to set up a side business ...
by EmergDoc
Wed Jul 22, 2015 2:36 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3672

Re: How to pay taxes on blog income?

I am planning to start a blog. While my reasons for the blog are personal ambitions, I am also considering advertising that would generate income. How is such income taxed? Do advertisers send Form 1099? Is it self-reported similarly to tips? Victoria I do get some 1099s but most of my income, espe...
by EmergDoc
Wed Jul 22, 2015 2:31 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 5997

Re: Why I Said "No" to Peer-to-Peer Lending

The problem with the article is that it has a list of "benefits" but doesn't include the two greatest benefits. Here is the list in the article: Benefits The personal loan segment is a recently-available segment for retail investors, and provides a new way to add diversification within a f...
by EmergDoc
Wed Jul 22, 2015 2:26 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 5997

Re: Why I Said "No" to Peer-to-Peer Lending

Lots of people on this thread poo-pooing P2PL. Meanwhile, I keep making 12% a year on it. After 3.5 years, I'm still at 11.97%. "Why not invest in TBM?" Because this pays a lot more. "But it's not as safe!" That's why it pays a lot more. If you want to skip it, that's fine. But r...
by EmergDoc
Wed Jul 22, 2015 2:22 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 5997

Re: Why I Said "No" to Peer-to-Peer Lending

Isn't this the noise we should be tuning out? How is the ramblings of a random blogger actionable or relevant? Good golly people. Quit calling for threads to close. That's ridiculous. He's blogging about investing in an asset class. It certainly belongs on this board. Give me a break. Nothing perso...
by EmergDoc
Wed Jul 22, 2015 2:09 am
Forum: Investing - Help with Personal Investments
Topic: Huge Mistake, Bought PBYI, Now What?
Replies: 26
Views: 3422

Re: Huge Mistake, Bought PBYI, Now What?

Hey Guys, I have a stock "gambling account" at Fidelity where I invest money for fun and take the risk of buying individual stocks from time to time. Some have worked out (AAPL!), others not so much. Anyway, I made the TERRIBLE mistake of buying Puma Biotech (PBYI) about 60 days ago and t...
by EmergDoc
Wed Jul 22, 2015 1:55 am
Forum: Personal Consumer Issues
Topic: lock for $500 bike
Replies: 27
Views: 2449

Re: lock for $500 bike

You must be in a really bad part of town that anyone would consider stealing a $450-500 bike. Must be mostly joyriders, there can't be much of a market for those. People who ride expensive bikes don't buy bike locks. They simply NEVER leave their bike anywhere it could actually be stolen. Their bike...
by EmergDoc
Sun Jul 19, 2015 9:03 pm
Forum: Investing - Theory, News & General
Topic: Frontier Markets - 5% of portfolio?
Replies: 51
Views: 3219

Re: Frontier Markets - 5% of portfolio?

A 5% allocation to any asset class isn't going to effect the outcome of your portfolio materially, so is really not worth the effort. I tend to draw the line at 5%, but the same argument could be used at 2% or 10% or whatever. It's a continuous variable. There isn't actually a line where something ...
by EmergDoc
Sun Jul 19, 2015 8:57 pm
Forum: Investing - Theory, News & General
Topic: Duration Considerations of the TSP G Fund
Replies: 26
Views: 2472

Re: Duration Considerations of the TSP G Fund

I'm a big G fund fan and have 10% of my portfolio (40% of fixed income) in it. However, to pretend that was a good move the last 5 years would be stupid, based, of course, only on outcomes. G fund returns have been what, 2.2%. TIPS have been 3%, TBM 3.2%, LT treasury 5.9%, int corp 5.7%, junk 8.2%, ...
by EmergDoc
Sat Jul 18, 2015 1:52 pm
Forum: Investing - Theory, News & General
Topic: Frontier Markets - 5% of portfolio?
Replies: 51
Views: 3219

Re: Frontier Markets - 5% of portfolio?

Emerging Markets are one thing. But any thoughts on digging deeper? I have a super long time horizon, I'm wondering if I could benefit from the growth of Malaysia, Vietnam, etc. There are low cost ETFs available. Maybe devoting 5% of the portfolio to this. Burton Malkiel recommends Frontier investm...
by EmergDoc
Sat Jul 18, 2015 9:12 am
Forum: Personal Finance (Not Investing)
Topic: The Good the Bad and the Ugly of real estate
Replies: 79
Views: 10363

Re: The Good the Bad and the Ugly of real estate

I've discovered that I'm a lousy landlord and don't particularly enjoy it, especially long distance. There are other ways to invest in real estate besides actually buying and managing the properties yourself. 1) REITS 2) Syndicated deals (sometimes have to be an accredited investor) 3) Buy properti...
by EmergDoc
Sat Jul 18, 2015 9:06 am
Forum: Personal Finance (Not Investing)
Topic: losing money on a house....how do Bogleheads deal with it emotionally?
Replies: 76
Views: 5995

Re: losing money on a house....how do Bogleheads deal with it emotionally?

Consequence of selling: We would have to sell 8-10k lower than we bought plus commission(4.5%), so about a 30k loss. Second consequence of selling: May have to give up or job I love, or be a remote employee (less visibility, opportunity to move up, make more). How do Bogleheads deal with losing mon...
by EmergDoc
Thu Jul 16, 2015 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: The Good the Bad and the Ugly of real estate
Replies: 79
Views: 10363

Re: The Good the Bad and the Ugly of real estate

I've discovered that I'm a lousy landlord and don't particularly enjoy it, especially long distance. There are other ways to invest in real estate besides actually buying and managing the properties yourself. 1) REITS 2) Syndicated deals (sometimes have to be an accredited investor) 3) Buy propertie...
by EmergDoc
Thu Jul 16, 2015 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Finding a likeminded, Boglehead advisor for an annual flat fee or hourly rate in my area?
Replies: 16
Views: 1281

Re: Finding a likeminded, Boglehead advisor for an annual flat fee or hourly rate in my area?

In suburbs 20 min north of Boston Would love to find a low cost advisor that is already sold on Boglehead principles for an annual or biannual checkup, and perhaps to answer a few emails over the year. Tax expertise is a plus. Is there a website or resource to direct me to such a person. What is th...
by EmergDoc
Thu Jul 16, 2015 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should we go without Health Insurance for 5 Days?
Replies: 32
Views: 1441

Re: Should we go without Health Insurance for 5 Days?

Yes, activate Cobra retroactively if you get sick or hurt. Nice little loophole that.
by EmergDoc
Wed Jul 15, 2015 11:13 pm
Forum: Personal Consumer Issues
Topic: Convince me not to buy Porsche
Replies: 180
Views: 14751

Re: Convince me not to buy Porsche

You financed a phone? I thought a bike was bad. Would you finance a pack of gum? I mean, I get why someone might carry a 3% mortgage or a 1% car loan for a while. But a $200 phone? I mean, what are you making on that arbitrage, $2 a year? Who cares if it's only $2 difference, if it takes no effort ...
by EmergDoc
Wed Jul 15, 2015 11:09 pm
Forum: Personal Consumer Issues
Topic: Are the more expensive bikes worth paying for?
Replies: 78
Views: 3894

Re: Are the more expensive bikes worth paying for?

You can get a cheap bike for cheap. If you want a nice one, it may cost more than a car. Figure out how much you like to buy and what your marginal utility is for that extra money you might spend. I keep bikes a long time, and enjoy having a nice one, and have a nice income/net worth so I don't mind...
by EmergDoc
Wed Jul 15, 2015 7:19 am
Forum: Personal Consumer Issues
Topic: Convince me not to buy Porsche
Replies: 180
Views: 14751

Re: Convince me not to buy Porsche

His bike is financed at 0%. Why wouldn't you use somebody's money for that? We switched from Sprint to T-Mobile last year and had to buy all new phones because Sprint phones don't have a removable SIM. The price of phones was the same whether we purchased them that day or paid for them over 24 mont...
by EmergDoc
Wed Jul 15, 2015 7:11 am
Forum: Personal Consumer Issues
Topic: Convince me not to buy Porsche
Replies: 180
Views: 14751

Re: Convince me not to buy Porsche

I'm currently paying $500 a month for my BMW at 1.9% and another $425 a month for my road bike at 0%. The road bike will be paid for next month. If I sell the BMW and put $20k down on the Porsche, I'd have roughly $1k a month payments at 1.5% for 60 months. Essentially my costs would be the same as...
by EmergDoc
Wed Jul 15, 2015 7:01 am
Forum: Personal Consumer Issues
Topic: Do Honda Mowers Leave Un-cut Grass Strips? [YES, but...]
Replies: 55
Views: 14482

Re: Do Honda Mowers Leave Un-cut Grass Strips? [YES, but...]

Mine is 7 years old, blade has never been sharpened. Never had an issue cutting. Starts right up first or at worst second pull but I use gasoline stabilizer religiously. Very happy. I've used far worse. It is not quite the quality of the Honda commercial mowers I used for entire summers during colle...
by EmergDoc
Wed Jul 15, 2015 2:48 am
Forum: Investing - Theory, News & General
Topic: Robert Shiller's Continuing Demise
Replies: 36
Views: 5952

Re: Robert Shiller's Continuing Demise

Down 60% from peak, looks pretty exciting.
by EmergDoc
Wed Jul 15, 2015 12:24 am
Forum: Personal Finance (Not Investing)
Topic: 401k limit is per job or per year?
Replies: 9
Views: 1253

Re: 401k limit is per job or per year?

Hi, Earlier this year I was working in one job and I was already put in around 10k in that job's 401k plan. I am starting another job soon and can I put in 18k in that job's 401k plan? Or I can only put in 8k because I already put in 10k in my first job? Thanks. Lots of bad advice out there on this...
by EmergDoc
Tue Jul 14, 2015 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: 29, relatively high income, seriously considering early retirement
Replies: 42
Views: 7279

Re: 29, relatively high income, seriously considering early retirement

I think this is a typical misconception by my generation (I'm 2 years older than the OP) instead of "retire" why not shoot to achieve financial independence by X age. Then you can work part time, change fields, whatever makes you happy. That's what I'm shooting for. "Retiring" a...
by EmergDoc
Tue Jul 14, 2015 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Weak-kneed
Replies: 22
Views: 3227

Re: Weak-kneed

My wife and I have reached critical mass in our savings and will start RMDs in 5 and 10 years respectively. My modest goal is to generate a 3% annual return while preserving capital. With the help of this board,I settled on VTINX (Target Income Fund) for our IRA savings, which is our retirement cor...
by EmergDoc
Tue Jul 14, 2015 2:05 am
Forum: Personal Consumer Issues
Topic: One car or two in semi-retirement?
Replies: 49
Views: 3333

Re: One car or two in semi-retirement?

I firmly believe that the only way to save money on a car is not to have one. There really isn't such a thing as an "economy car." Cutting down to one car had a very obvious impact on our budget. Oh BS. A $2-5K beater with liability only insurance and rarely driven cannot possibly impact ...
by EmergDoc
Tue Jul 14, 2015 2:02 am
Forum: Personal Consumer Issues
Topic: One car or two in semi-retirement?
Replies: 49
Views: 3333

Re: One car or two in semi-retirement?

Comments on my "analysis"? What's the point of being financially independent if you have to share a car? We had a single car for our first 7+ years of marriage, until I was about 6 months out of residency. Then I bought an $1850 beater. It made me feel so rich to have a second car I could...

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