Search found 10637 matches

by EmergDoc
Thu Jul 02, 2015 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 106
Views: 4613

Re: Obsessing towards zero balance on credit card.

All cards are cash back and set to auto-pay in full. Why bother with anything else? I receive an email on virtually every purchase made, plus statement alerts, payment date approaching, and payment received, etc. Same with many of the bills I pay with credit cards. While I think multiple payments o...
by EmergDoc
Thu Jul 02, 2015 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 106
Views: 4613

Re: Obsessing towards zero balance on credit card.

If you're uncomfortable being on the "hook" for a credit card balance you can pretty much eliminate that issue and still collect your reward points for purchases why not just carry a credit balance on the account? Figure out what your likely maximum use is per month and send in a payment....
by EmergDoc
Thu Jul 02, 2015 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 106
Views: 4613

Re: Obsessing towards zero balance on credit card.

OP isn't the only one who does this. I pay it off completely at least every other week. Did so this morning because a large car repair bill just posted, even though it is on the new billing cycle and we wouldn't have to actually pay it until mid-August. I have a totally irrational fear of debt. Yes...
by EmergDoc
Thu Jul 02, 2015 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 106
Views: 4613

Re: Obsessing towards zero balance on credit card.

After reading through the thread on obsessive saving and paying off our credit card ... for the second time in a few days. I realized that I'm obsessing over a zero balance on the card... :/ It's just become habit, I check it at least 2 or three times per week. Each time, I add up the current balan...
by EmergDoc
Thu Jul 02, 2015 3:17 pm
Forum: Investing - Theory, News & General
Topic: 10 Year Anniversary
Replies: 2
Views: 388

10 Year Anniversary

I got an email from Vanguard today: Dear EmergDoc, Happy anniversary! You've been a client-owner of Vanguard for 10 years. Thank you for investing in our low-cost funds and trusting us to be your investment partner as you save for your goals. Over the years I've rolled money into and out of Vanguard...
by EmergDoc
Thu Jul 02, 2015 2:58 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 19815

Re: When saving money becomes an irrational obsession

Money is like food. Most Americans overeat. Most Americans overspend. A small minority have anorexia, eating so little that it damages their health. A small minority have financial anorexia, spending so little that it seriously damages their relationships with other people and leaves them missing o...
by EmergDoc
Thu Jul 02, 2015 2:52 pm
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 94
Views: 9912

Re: Emergdoc on Mr. Money Mustache

# 2 Cheap Hobbies Are Not Always Just As Fun What's hilarious is that what Emergency Doc thinks are "non-cheap" hobbies are in fact cheap hobbies. Ice hockey? How is ice hockey an expensive hobby? Are you buying platinum plated skates? Paying Sidney Crosby to be your personal trainer? If ...
by EmergDoc
Thu Jul 02, 2015 2:01 pm
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 94
Views: 9912

Re: Emergdoc on Mr. Money Mustache

I think the main reason I wanted my readers to go spend a little time on MMM is because I frequently run into attending physicians who can't figure out how to save 20% of their $300K salary and residents who are asking me who they can borrow money from to meet their living expenses (despite their $5...
by EmergDoc
Thu Jul 02, 2015 1:30 am
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 94
Views: 9912

Re: Emergdoc on Mr. Money Mustache

Emergdoc's philosophy gets my vote. No matter how much lipstick you put on that pig, poor is not beautiful. Money may not buy happiness but I've learned that it can chase the hell out of misery. :sharebeer I certainly wasn't trying to set up an alternative philosophy. I was more recommending that m...
by EmergDoc
Mon Jun 29, 2015 1:24 pm
Forum: Investing - Theory, News & General
Topic: Puerto Rico Governor Says Island’s Debts Are ‘Not Payable’
Replies: 37
Views: 3040

Re: Puerto Rico Governor Says Island’s Debts Are ‘Not Payable’

Valuethinker wrote:We have had, here, people whose 'financial advisers' have put them into PR bonds for income. A nightmare, and why you should be careful of so-called advisers (if they were doctors, we'd have had them disbarred for malpractice).


You disbar attorneys. You just take doctors' money.
by EmergDoc
Mon Jun 29, 2015 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: As a couple in late 30s, how bad are we doing?
Replies: 62
Views: 9150

Re: As a couple in late 30s, how bad are we doing?

You found Bogleheads before age 40. I think you're doing great no matter what else has or will happen!
by EmergDoc
Wed Jun 24, 2015 3:13 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 217
Views: 19456

Re: What was the 2008 crash like in real time?

Puakinekine wrote: But it was awful, and I don't really remember anyone saying that they were fine with being all in equities.


I think Adrian Nenu was. In fact, I think he increased his equity to 100% starting in late 2008 until 2010 or 2011 or so.
by EmergDoc
Wed Jun 24, 2015 7:40 am
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 217
Views: 19456

Re: What was the 2008 crash like in real time?

Didn't anybody "stay-the-course"? Didn't anybody follow their plan? I think I did, as far as I can remember....Don't remember it being fun, though. Me too. Sold nothing except to rebalance. Bought throughout and have the statements to prove it. Did get nervous about those REITs though, bu...
by EmergDoc
Wed Jun 24, 2015 7:30 am
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 19815

Re: When saving money becomes an irrational obsession

3) Remember that all stages of life are different- There are times in your life when saving should be a priority- such as your late 30s and your 40s. A dollar saved in your 30s is 8 times as valuable as a dollar saved in your 60s. Other stages, like med school and residency, and in retirement, are ...
by EmergDoc
Wed Jun 24, 2015 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Disappointing refinance rate from DRB
Replies: 10
Views: 1352

Re: Disappointing refinance rate from DRB

I know a bunch of people who have gotten the lowest advertised rates. Why you didn't depends on a lot of things including where you live, your specialty, where you are in your training, your credit score, your debt to income ratio etc. SoFi is less opaque than DRB about what goes in to your rate, bu...
by EmergDoc
Tue Jun 23, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Should my husband become a nurse?
Replies: 71
Views: 7283

Re: Should my husband become a nurse?

Wow, I can't imagine working working six or even five 12 hour shifts every week. I can. Its called residency. :mrgreen: Sure, but residency had an ending and you didn't have to continue those hours to significantly increase your salary. :twisted: I learned in residency that I don't like working 40 ...
by EmergDoc
Tue Jun 23, 2015 9:34 am
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 217
Views: 19456

Re: What was the 2008 crash like in real time?

It seemed to start with REITs, I know because I bought into them for the first time just before they started downward in early 2007 and then again in late 2007. The drop-off with the rest of the market coincided with the second drop for REITs, but it was fairly gentle for the first year, TSM droppin...
by EmergDoc
Tue Jun 23, 2015 8:36 am
Forum: Personal Consumer Issues
Topic: Canoe recommendations
Replies: 23
Views: 1767

Re: Canoe recommendations

If you need a caddy to get it from the car to the water, you're sure as heck not going to want to portage it.

My latest desire is a packraft, for when you need to carry the "canoe" for miles prior to using it.
by EmergDoc
Mon Jun 22, 2015 8:15 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 19815

Re: When saving money becomes an irrational obsession

Here's a challenge for everyone: what advice would you give to a young person if you knew their tendency was to oversave, rather than spend? I wrote a post on that a few years ago: http://whitecoatinvestor.com/enough-is-enough/ So here are some tips if you find yourself forgetting “moderation in al...
by EmergDoc
Mon Jun 22, 2015 8:06 pm
Forum: Personal Consumer Issues
Topic: Need advice; Band of Brothers trip retracing WW2 from Normandy to the Ardennes
Replies: 21
Views: 2756

Re: Need advice; Band of Brothers trip retracing WW2 from Normandy to the Ardennes

We travel and sightsee very fast. We planned 1 day for Normandy and wish we'd had 2. Of course, we stayed in Paris and also managed to squeeze in the Tapestry and Mont St. Michel, so maybe we should have just concentrated a bit more. I still can't figure out why casualties were only 50% at Point Du ...
by EmergDoc
Mon Jun 22, 2015 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Injury Settlement...what to do with it?
Replies: 15
Views: 2454

Re: Personal Injury Settlement...what to do with it?

Let me play Dave Ramsey with you for a second: You borrowed $81K to get a job that pays $37K a year? Does that make sense to you? You have an income problem. Luckily, in the financial services industry, that is a relatively easy problem to solve. The good news is that you've almost got this problem ...
by EmergDoc
Mon Jun 22, 2015 2:11 am
Forum: Personal Consumer Issues
Topic: Visiting Nephews: Water Guns and Nerf Weapons
Replies: 29
Views: 3583

Re: Visiting Nephews: Water Guns and Nerf Weapons

As for Nerf darts to the face, I've seen it happen with a particularly rowdy Nerf battle between my nieces/nephews and the neighbor kids. I don't recall anyone taking any eye damage, but I suppose it is possible. It is one of the risks of engaging in a Nerf battle (for participants and spectators a...
by EmergDoc
Mon Jun 22, 2015 1:57 am
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads/BiggerPocketers think there is only one way?
Replies: 123
Views: 13382

Re: Why do Bogleheads/BiggerPocketers think there is only one way?

Boglehttps://www.bogleheads.org/forum/index.phpheads are: conservative, educated, have modest goals, an even temperament and are generally wealthy (often generational). they are doctors, lawyers, business owners, professionals. ..basically people who could earn a modest 3-5 percent for the rest of ...
by EmergDoc
Sun Jun 21, 2015 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Role of annuities in low SWR situations
Replies: 29
Views: 3237

Re: Role of annuities in low SWR situations

My parents, who also have a pension and SS, weren't interested in annuitizing more of their portfolio. I think that's fine. Since I won't have a pension, I'll almost certainly annuitize some portion of my portfolio when the time comes. But the lower your needed withdrawal rate, the less need for an ...
by EmergDoc
Sun Jun 21, 2015 1:53 am
Forum: Personal Finance (Not Investing)
Topic: How to enter new career after hitting Financial Indepence
Replies: 11
Views: 2370

Re: How to enter new career after hitting Financial Indepence

Interesting question. I had someone I trained with (just a decade ago) confide to me that she has a mid 7 figure portfolio. Not sure how or why, but the fact remains that "my number" is far less than that. I wonder what I'd do if that were my windfall. Some small part of me wants to have t...
by EmergDoc
Sun Jun 21, 2015 1:24 am
Forum: Personal Finance (Not Investing)
Topic: Should my husband become a nurse?
Replies: 71
Views: 7283

Re: Should my husband become a nurse?

Heaven knows we need to encourage behavior like this. I could really use some more nurses, especially talented, dedicated ones who haven't gotten cynical yet.
by EmergDoc
Sat Jun 20, 2015 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private Banking ever useful for simple Bogleheads
Replies: 35
Views: 4059

Re: Is Private Banking ever useful for simple Bogleheads

I thought private banking was just a marketing tactic.
by EmergDoc
Sat Jun 20, 2015 4:13 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story
Replies: 15
Views: 2702

Re: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story

It must be something commission based advisors are trained to say regarding not using WebMD instead of a doctor. My friend with a commission based advisor at Merrill Lynch keeps telling me "you don't do your dental work yourself, why would you manage your investments yourself?" http://whi...
by EmergDoc
Sat Jun 20, 2015 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Financial and worldly advice to college kids
Replies: 27
Views: 3086

Re: Financial and worldly advice to college kids

Anyone willing to share their tidbits of wisdom that might have actually penetrated the grey matter of a college kid? My kid's eyes glaze over when ever I make a suggestion or try to share a pearl of wisdom. It annoys me when people consider college students to be children. They're not. They're old...
by EmergDoc
Sat Jun 20, 2015 1:43 am
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 80
Views: 13719

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls help

Hi all... I am cosigner on friends auto loan (current balance about 15k) Unfortunately friend got into some trouble and is thinking of filing bankruptcy in about 6 months I know cosigning is big no-no for bogleheads but I did this before joining here.. My lack of financial knowledge...my misfortune...
by EmergDoc
Fri Jun 19, 2015 4:27 am
Forum: Personal Consumer Issues
Topic: I'm Giving Up Golf
Replies: 40
Views: 6539

Re: I'm Giving Up Golf

greg24 wrote:Ball golf?


I've watched people try disc golf at 80, it isn't pretty. Above a certain age, people never learned to throw a frisbee, much less a golf disc.
by EmergDoc
Mon Jun 08, 2015 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: close friend found out how much I have - bad outcome
Replies: 92
Views: 9404

Re: close friend found out how much I have - bad outcome

And thus we see the origin of socioeconomic classes. Now you no longer feel comfortable hanging around her and she doesn't feel comfortable hanging around you. Funny thing money. I know a highly-positioned and reimbursed health care executive who bought a Porsche, but sold it after 3 months. He did...
by EmergDoc
Mon Jun 08, 2015 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: close friend found out how much I have - bad outcome
Replies: 92
Views: 9404

Re: close friend found out how much I have - bad outcome

And thus we see the origin of socioeconomic classes. Now you no longer feel comfortable hanging around her and she doesn't feel comfortable hanging around you. Funny thing money. I know a highly-positioned and reimbursed health care executive who bought a Porsche, but sold it after 3 months. He didn...
by EmergDoc
Sun Jun 07, 2015 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much income do I really need?
Replies: 22
Views: 3555

Re: How much income do I really need?

Try to pick your last job first.
by EmergDoc
Fri Jun 05, 2015 11:43 pm
Forum: Investing - Theory, News & General
Topic: "Do You Know How Much You're Paying?"
Replies: 44
Views: 6678

Re: "Do You Know How Much You're Paying?"

It is also a beautiful thing how AUM fees are hidden from the client. Is it not wonderful that they can take 1% (or whatever) from your IRA and not have it show up as a withdrawal (on any IRS form)? L. Yea, that's cool though too. Just as you can buy health care pre-tax, you can buy investment mana...
by EmergDoc
Fri Jun 05, 2015 11:42 pm
Forum: Investing - Theory, News & General
Topic: "Do You Know How Much You're Paying?"
Replies: 44
Views: 6678

Re: "Do You Know How Much You're Paying?"

I feel the same way about taxes. It would be better if we all wrote a check every quarter instead of having it withheld.
by EmergDoc
Tue Jun 02, 2015 6:36 pm
Forum: Personal Consumer Issues
Topic: Smart phone as a camera only ???
Replies: 17
Views: 1452

Re: Smart phone as a camera only ???

In my travels I frequently avoid taking pictures because it can get too complicated for an old guy. Yet I see many older folks using their smart phones (or tablets) to take pictures. It seems so simple....all they do is point and shoot. Their is no pause for the camera to focus and the pictures tur...
by EmergDoc
Tue Jun 02, 2015 5:43 pm
Forum: Personal Consumer Issues
Topic: Visiting Nephews: Water Guns and Nerf Weapons
Replies: 29
Views: 3583

Re: Visiting Nephews: Water Guns and Nerf Weapons

Jack FFR1846 wrote:
And I cheat too. Hard to compete with a garden hose.


Although a determined bucket assault comes very close.

One great thing about a water fight is you can only lose so much. Once you are completely soaked you can only get drier. That's when it's nice to add some ice to the buckets.....
by EmergDoc
Tue Jun 02, 2015 5:43 pm
Forum: Personal Consumer Issues
Topic: Visiting Nephews: Water Guns and Nerf Weapons
Replies: 29
Views: 3583

Re: Visiting Nephews: Water Guns and Nerf Weapons

There are some parents who do not believe that children should have "weapon" type toys. So, if you decide to get these, you might want to check with the parents to make sure they are acceptable to them. Parents who don't believe little boys should have weapons better confiscate all the st...
by EmergDoc
Tue Jun 02, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Premiums Increase faster than benefits?
Replies: 14
Views: 1121

Re: Disability Insurance - Premiums Increase faster than benefits?

On the other hand, I never bought life insurance because I believe that NOT paying life insurance premiums over the course of my life, but rather investing that money wisely, will likely leave my heirs with a lot more than if I DID pay premiums. Maybe not, but the odds are certainly in my favor. I ...
by EmergDoc
Tue Jun 02, 2015 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Premiums Increase faster than benefits?
Replies: 14
Views: 1121

Re: Disability Insurance - Premiums Increase faster than benefits?

As a windsurfer, I sometimes find myself out at sea, having fallen off my board, experiencing an existential moment of panic, feeling that I have to hurry up and get back up and sailing as quickly as possible because I could be attacked by a shark. The last time that happened I did a reality check....
by EmergDoc
Tue Jun 02, 2015 5:26 pm
Forum: Personal Consumer Issues
Topic: Visiting Nephews: Water Guns and Nerf Weapons
Replies: 29
Views: 3583

Re: Visiting Nephews: Water Guns and Nerf Weapons

My kids don't have water fights with me, because they know I cheat. The fight is guaranteed to end with my hand on the hose. However, this does seem to limit how often I get squirted while working in the garage. The secret to winning Nerf dart wars is in being able to reload quickly. Sure, those fan...
by EmergDoc
Mon Jun 01, 2015 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 11756

Re: Your opinion on realistic income to live in a $1 million home?

My fiance and I are both 24 years old. We are getting married in July. We are both financially independent. We are both young CPA's and have a combined yearly income of $116,000. Our total liquid cash (savings, bonds, stocks) is $130,000 and with an additional 20,000 in IRAs. We have zero debt. Lon...
by EmergDoc
Mon Jun 01, 2015 4:02 pm
Forum: Investing - Theory, News & General
Topic: "How to React When the Bear's Hibernation Ends"
Replies: 48
Views: 7186

Re: "How to React When the Bear's Hibernation Ends"

Thank you, Taylor. His piece ends with In the midst of a six-year bull market, it is easy to talk about staying the course in the next bear market. It is a far greater challenge to stay the course when the market is actually down 25 percent and the financial media are forecasting the end of the wor...
by EmergDoc
Mon Jun 01, 2015 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Premiums Increase faster than benefits?
Replies: 14
Views: 1121

Re: Disability Insurance - Premiums Increase faster than benefits?

My assumption is that insurance is always a bad bet...one of the worst you can make (much poorer odds than the stock market or even Vegas). I am also a physician (now retired), and never bought disability insurance. My gamble was that when I retired, I would likely have a lot more money if I invest...
by EmergDoc
Mon Jun 01, 2015 1:24 am
Forum: Personal Consumer Issues
Topic: How to furnish a new residence, completely from scratch
Replies: 35
Views: 3012

Re: How to furnish a new residence, completely from scratch

My spouse and I will be moving to a major U.S. city in the next month or so. We’ve already selected our apartment, but we’re wondering how to get set-up relatively quickly. We recently returned from a decade overseas and have almost no possessions. At this point, we have no furniture or major appli...
by EmergDoc
Sat May 30, 2015 8:55 pm
Forum: Investing - Theory, News & General
Topic: Clements blog-dividend stocks for retirement income
Replies: 58
Views: 5320

Re: Clements blog-dividend stocks for retirement income

Count me in as a member of the anti-dividend cult.
by EmergDoc
Sat May 30, 2015 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can my husband retire yet?
Replies: 110
Views: 13148

Re: Can my husband retire yet?

My husband inheritance finally came through. He will receive it mid December of this year. This windfall will bring the portfolio to about 700K. After months of searching for job, we decide that he is just going to retire for good. He is 54 year old. I am working and bringing home 90K a year. I cou...
by EmergDoc
Fri May 29, 2015 12:00 am
Forum: Personal Finance (Not Investing)
Topic: To Keep Life Insurance, Or Not
Replies: 2
Views: 499

Re: To Keep Life Insurance, Or Not

How long have you had them? What return does your inforce illustration guarantee and project? But the bottom line is you say you need insurance, and term will be heckaexpensive at this point, but whole life may make sense for you. The idea of "buy term and invest the difference" is that yo...
by EmergDoc
Wed May 27, 2015 4:52 pm
Forum: Personal Consumer Issues
Topic: Window replacement -- Renewal by Andersen?
Replies: 31
Views: 2736

Re: Window replacement -- Renewal by Andersen?

I need to replace one window, and I may replace another couple of windows at the same time. I'd like to hear about any experiences with Renewal by Andersen or their major competitors. I'd also like any advice about getting a good price. I'm much more interested in quality of product and quality of ...

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