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Part time work opportunity- opinions wanted

I am a physician who has an opportunity to work 80% load. My current schedule leaves relatively little time and mostly energy to pursue hobbies, travel, etc and has probably led to burn out. Call on weekends, evening, nights is what drains me the most and the frequency would not change, only more da...
by am
Sun Apr 20, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part time work opportunity- opinions wanted
Replies: 5
Views: 476

Australian check and us account deposit

Can I deposit this check to my account online? Are there usually fees or anything else I have to do? There is no dedicated space on the back of the check for a signature, it is blank except for some message about the check being authentic.
by am
Wed Apr 09, 2014 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Australian check and us account deposit
Replies: 2
Views: 192

Re: How are you preparing for the coming bear market

I understand starbux isn't predicting a time frame. Just, to quote Roger Babson, "sooner or later a crash is coming and it may be terrific." But another point I think is worth making is that even if you believe that there are times when the market is at such an extreme that action might b...
by am
Sat Apr 05, 2014 4:01 pm
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7815

Re: How are you preparing for the coming bear market

Who says we can not have a massive and lengthy bull run without bears? There is no bad news on the horizon :D . There were reasons for the last few bears. Valuations? Yes they are high. But not sure there is some fundamental force that says future returns have to be modest. Perhaps Bangladeshi butte...
by am
Sat Apr 05, 2014 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7815

Re: Death of co-worker

This thread just reafirms that life is extremely unpredictable, nothing new. Depressing somtimes, but not really actionable. I try to do my best in terms of healthy living, maintaining good relationships, saving but also enjoying hard earned money, etc. I know that many other things are beyond my co...
by am
Thu Apr 03, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9285

Re: Setting up money management practice as part time MD

Thank you for your input neurosphere! Sounds like I should stick with my day job :D. Was hoping that this type of business could be a nice transition away from medicine into something I may enjoy doing more. Seems like the boglehead philosophy does not translate into dollars for an advisor. Do not t...
by am
Thu Apr 03, 2014 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Setting up money management practice as part time MD
Replies: 10
Views: 986

Re: Pay Off Mortgage

Bottom line is you are throwing away money monthly, which depending on size of mortgage can be in the thousands.
by am
Wed Apr 02, 2014 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage
Replies: 56
Views: 3788

Re: Pay Off Mortgage

Payed off mortgage much larger than yours from taxable account at dow 14000. Despite 8k+ tax, and lost gains, am still happy with decision. Priceless feeling to have no debt. Sure returns may be higher in taxable account, but maybe not. Will get rid of the negative bond in your portfolio. No interes...
by am
Wed Apr 02, 2014 3:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage
Replies: 56
Views: 3788

Re: Setting up money management practice as part time MD

Is there some short course where I could learn the fine details of doing this, like charging fees, contracts, legal obligations, etc? Is there some credential or license that I would need to manage money?
by am
Wed Apr 02, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Setting up money management practice as part time MD
Replies: 10
Views: 986

Setting up money management practice as part time MD

Is this even reasonable for a doc interested in finance? Working mostly with medical trainees and other attending physicians? Practice building through lectures at local medical schools, residencies, etc. What credentials if any are needed? Seems like a fellow physician would garner more trust than ...
by am
Wed Apr 02, 2014 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Setting up money management practice as part time MD
Replies: 10
Views: 986

Re: Time and benefits vs. money.

25% pay cut when you are making 60k is a big deal- at least if it was me. Perhaps will afford better quality of time off and more savings if you stick with the original job. Plus counting on a state pension without much other savings is risky in my opinion.
by am
Mon Mar 31, 2014 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Time and benefits vs. money.
Replies: 21
Views: 1572

Re: Cheap good kindle books?

Thanks. Does anyone have a specific recommendation like Bernstein with the Morganstern book?
by am
Wed Mar 12, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Cheap good kindle books?
Replies: 10
Views: 873

Cheap good kindle books?

Need some reading material. Can anyone recommend some books for kindle, finance or not for say less than 5 dollars that they enjoyed?
by am
Wed Mar 12, 2014 9:31 am
 
Forum: Personal Consumer Issues
Topic: Cheap good kindle books?
Replies: 10
Views: 873

Re: Monthly investing savings

Incredible how good bogleheads are at savings. Saving 150-200% of expenses every month for what, 10-20 years at modest market returns leads to financial independence! Maybe sooner if someone is willing to do the math for different percentiles.
by am
Sun Mar 09, 2014 6:23 pm
 
Forum: Personal Consumer Issues
Topic: Monthly investing savings
Replies: 4
Views: 646

Monthly investing savings

Curious how much we are saving as a percentage of monthly expenses.
by am
Sun Mar 09, 2014 5:03 pm
 
Forum: Personal Consumer Issues
Topic: Monthly investing savings
Replies: 4
Views: 646

Re: House as an inflation hedge?

If inflation goes higher than 3% or so, will house values necessarily go up as much? No, house values will not "necessarily" keep up with inflation, but based upon the historical performance of real estate, they are likely to do so. Agree but having a mortgage on that home is a good infla...
by am
Sun Mar 09, 2014 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: House as an inflation hedge?
Replies: 12
Views: 854

House as an inflation hedge?

If inflation goes higher than 3% or so, will house values necessarily go up as much? Was this the case during the high inflation 70s/80s? For me, the house I own outright represents about 50% of net worth. The other 50% is in investments and has no inflation indexed assets like TIPS just stocks, bon...
by am
Sun Mar 09, 2014 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: House as an inflation hedge?
Replies: 12
Views: 854

Re: Larry Swedroe Presentation on Passive Investing

Enjoyed your talk Larry. Well done!
by am
Sat Mar 08, 2014 7:14 pm
 
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Presentation on Passive Investing
Replies: 13
Views: 2326

Re: 25x expenses and taxes?

So for 80-100k of which half will come from taxable long term gains and munis and half from IRAs, what would be a safe % to assume above my income needs?
by am
Wed Mar 05, 2014 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: 25x expenses and taxes?
Replies: 9
Views: 1030

25x expenses and taxes?

When we use 25x expenses as a ballpark for retirement portfolio, this is after taxes? Should the portfolio than be some percentage larger based on assumed taxes? For those of us 15-20+ years away, a huge unknown. But say you need 80-100k in todays dollars. How large a portfolio would be reasonable?
by am
Wed Mar 05, 2014 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: 25x expenses and taxes?
Replies: 9
Views: 1030

Re: VWIUX - reinvest dividends if used as EF?

I have cash, CDs and money market for the first 1-1.5 years of emergency fund/liquid non risk assets. The rest goes into int. muni fund. As the first pot gets depleted this year from prop. taxes and govnt. taxes, I am more comfortable keeping more in int. muni fund. This is especially true as my tax...
by am
Wed Mar 05, 2014 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: VWIUX - reinvest dividends if used as EF?
Replies: 10
Views: 440

Re: UPDATE: [physician, career options, life options]

Bayview, how do you get trained as an ICD 10 coder? Is becoming a coder a reasonable choice for an MD who wants to get out of clinical medicine? What kind of income and hours?
by am
Sat Mar 01, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 89
Views: 7935

Re: UPDATE: [physician, career options, life options]

Agree with working less now to extend career potentially. Not every physician has that option unfortunately. Seeing a therapist/psych as an MD is risky. Some medical boards and hospital credentialing applications ask about this. But wonder how they would find out if you paid cash? Perhaps a depositi...
by am
Sat Mar 01, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 89
Views: 7935

Re: UPDATE: [physician, career options, life options]

Interesting thread. Young people are signing up because alternatives in many cases are worse. Medicine is still a near guarantee to a comfortable financial life. Young people do not understand how toxic and unpleasant this profession can be however. They see nice salaries and relative prestige. Some...
by am
Sat Mar 01, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 89
Views: 7935

Re: Advice on selecting medical school

Agree with cheapest med school. This will not put as much pressure on you when you are selecting specialty and practice location. 8 years into practice can not remember the last time someone asked me where I went to med school or residency. Income will be a function of if you go into private practic...
by am
Fri Feb 28, 2014 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice on selecting medical school
Replies: 30
Views: 1796

Re: Math Help Please: Investing an Emergency Fund

I like to keep a good chunk of my funds out of the market. Say markets shut down because of disaster? How do you access funds? Can you write Vanguard muni fund checks if the markets are shut down for 2 weeks? I like the tier approach. I keep a weeks worth of cash on hand in case of natural disasters...
by am
Tue Feb 25, 2014 9:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Math Help Please: Investing an Emergency Fund
Replies: 28
Views: 2059

Re: Has anyone seen the Japanese Stock Market?

Anything can happen with our stock market. There is relatively little history available.
by am
Sat Feb 22, 2014 3:13 pm
 
Forum: Investing - Theory, News & General
Topic: Has anyone seen the Japanese Stock Market?
Replies: 73
Views: 6250

Re: I'm feeling old today

I remember the crash of 29' :wink:
by am
Sat Feb 08, 2014 3:16 pm
 
Forum: Personal Consumer Issues
Topic: I'm feeling old today
Replies: 97
Views: 6637

Re: Investment books I have read.

Amazing!

And after all that, it comes down to a Vanguard 3 funder and stay the course :)
by am
Thu Jan 30, 2014 10:04 pm
 
Forum: Investing - Theory, News & General
Topic: Investment books I have read.
Replies: 19
Views: 1941

Re: Do Bogleheads see this market dip as a buying point?

Noise, fluctuation, insignificant. Market does this and worse all the time. Buying/selling should be dictated by your asset allocation not market noise,
by am
Sun Jan 26, 2014 11:31 pm
 
Forum: Investing - Theory, News & General
Topic: Do Bogleheads see this market dip as a buying point?
Replies: 127
Views: 13427

Re: Who invests in Total International Bond Index Fund?

At first added it. But after much thought and discussion here, I got rid of it and as always went back to my good old 3 funder. Anytime I mess with my 3 funder, it usually takes less than a year to go back. I am more experienced now and fight the occasional temptations to fiddle with the portfolio w...
by am
Sun Jan 26, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: Who invests in Total International Bond Index Fund?
Replies: 36
Views: 2702

Side income and SEP IRA contibution

I am a salaried W2 employee. I got a 1k check from a law firm for a deposition I did. No taxes were payed on this money. Can I make a SEP IRA contribution and for how much. Thanks.
by am
Sat Jan 11, 2014 5:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Side income and SEP IRA contibution
Replies: 3
Views: 223

25x expenses and early retirement

I assume 25x expenses applies for a 30 year retirement. But say you want to retire in early 50s. You have SS which comes later and a modest pension in your 60s also. How does your number or the 25x expenses rule of thumb get modified?
by am
Sat Jan 11, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: 25x expenses and early retirement
Replies: 17
Views: 2393

Re: What is your 10-year historical returns (to Dec 31, 2013

Can we petition Vanguard to add 10 year and since portfolio inception return data? I have asked in an email and they did not respond.
by am
Sat Jan 11, 2014 11:09 am
 
Forum: Investing - Theory, News & General
Topic: What is your 10-year historical returns (to Dec 31, 2013)
Replies: 71
Views: 2841

Re: Best Movies of 2013

Wolf of Wall Street. Acting, characters, dialogue, directing, were excellent.
by am
Fri Jan 10, 2014 9:03 pm
 
Forum: Personal Consumer Issues
Topic: Best Movies of 2013
Replies: 83
Views: 5538

Re: World Stock Market's Greatest Hits

Scary stuff. Makes me want to dial down the stocks in my portfolio. A lot of this investment stuff is luck (or bad luck) even though we try to convince ourselves it ain't on this forum.
by am
Thu Jan 09, 2014 9:01 pm
 
Forum: Investing - Theory, News & General
Topic: World Stock Market's Greatest Hits
Replies: 26
Views: 1671

Re: Total International Bond VTABX add to 3 fund port?

I originally added it but after doing research went back to all US TBM. The Vanguard paper on this topic shows a very small benefit if any to adding it in the past. Bonds are for safety in my portfolio and think that US bonds serve this purpose well. I did not feel like the complexity was worth it i...
by am
Thu Jan 09, 2014 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total International Bond VTABX add to 3 fund port?
Replies: 2
Views: 223

Re: Count emergency cash as a Bonds asset?

You should count emergency fund as cash and as a separate bucket in my opinion. It needs to be there when you need it. You do not rebalance it. You do not buy more unless you need more months of expenses. I would take minimal to no risk with this. I have about 2 years of cash in high yield savings a...
by am
Sun Jan 05, 2014 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Count emergency cash as a Bonds asset?
Replies: 12
Views: 688

Re: Expected Future Market Returns

Schiller PE is one of the more predicitve measures according to Vanguard research. Try this short article http://www.dividendmonk.com/shiller-pe
by am
Sun Jan 05, 2014 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expected Future Market Returns
Replies: 31
Views: 2416

Re: 4 Pillars - Questions about Balancing and Value Tilt

I do not tilt because I love the simplicity of my 3 funder. I do not think I could tolerate tracking error for very long. I am not sure I could wait too long before seeing the premium for me not to abandon the plan. I am not convinced that using Vanguard small cap value will capture this premium. I ...
by am
Sun Jan 05, 2014 10:25 am
 
Forum: Investing - Theory, News & General
Topic: 4 Pillars - Questions about Balancing and Value Tilt
Replies: 4
Views: 407

Re: Is a 457b a good option after maxed out 403b and Roth IR

If employer goes under than 457 goes with them. You can lose your money.
by am
Sat Jan 04, 2014 10:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is a 457b a good option after maxed out 403b and Roth IRA?
Replies: 26
Views: 1345

Income outside of work and Sep IRA

I was payed 1k for a deposition in 2013. I am a w2 worker but this was side income. Can I take 20% or so and place it in a SEP IRA to reduce tax burden? Also I earned another 500-1000 in surveys and honoraria. Can this also be used as income towards Sep Ira? Since these surveys are from multiple com...
by am
Wed Jan 01, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income outside of work and Sep IRA
Replies: 1
Views: 146

Re: This Stock Market run makes me want to payoff mortgage

Doing away with mortgage reduces need for cash flow. Therefore without mortgage, you can retire sooner. So thinking of mortgage as separate from taxable, 401k, etc. is not correct in my opinion.
by am
Sat Dec 21, 2013 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: This Stock Market run makes me want to payoff mortgage
Replies: 32
Views: 3316

Re: This Stock Market run makes me want to payoff mortgage

I paid off mortgage at dow 14000 with taxable stocks, nearly went to 0 in taxable account. Now have built it up. I am very happy overall being debt free. But occasionally I have some regrets which go away very fast. Would feel much worse if we stayed at dow 9000 for a long time and I lost the opport...
by am
Sat Dec 21, 2013 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: This Stock Market run makes me want to payoff mortgage
Replies: 32
Views: 3316

Re: Any negative to have multiple online savings accounts?

I have the same Amex and Ally. Amex for emergency fund. Ally for saving through the year for large expenses like disability insurance, property taxes, etc. I am thinking of opening another at Ally for vacation and car fund. I like this because I feel like I am better organized with finances. Major d...
by am
Thu Dec 12, 2013 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any negative to have multiple online savings accounts?
Replies: 13
Views: 1353

Re: I Bonds

I bonds do not match inflation after tax when the fixed rate is near 0.
by am
Tue Dec 10, 2013 11:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Bonds
Replies: 13
Views: 1274

Anyone should not buy I bonds?

Seems like most around here recommend buying I bonds every year. Assuming all tax advantaged space is filled, and putting money into taxable accounts, should everyone also invest in I bonds or are there some exceptions where it does not make sense?
by am
Tue Dec 10, 2013 9:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone should not buy I bonds?
Replies: 29
Views: 2392

Re: How many months of expenses in emergency fund?

Yes agree with you. When you are out of work and living on your emergency fund, you need another emergency fund in case something unexpected happens that throws your bare bones budget off.
by am
Sat Dec 07, 2013 10:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How many months of expenses in emergency fund?
Replies: 25
Views: 2437

Re: I bonds versus CDs and other fixed products

There is a chance that inflation + fixed rate will be much lower than CD rates. But I guess you can always cash in I bonds and get CDs if you hold for more than a year. But you may than have a large tax bill depending on amount.
by am
Sat Dec 07, 2013 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: I bonds versus CDs and other fixed products
Replies: 9
Views: 968

Re: Anyone use munis as emergency fund?

2008 loss of .14% for IT Muni seems tolerable for me. What I am afraid of is some risks showing up which never have in the past. Like that Schwab "low risk" bond fund that lost a ton when Lehman went down. My impression is that Vanguard uses their own credit analysts and owns so many bonds...
by am
Sat Dec 07, 2013 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use munis as emergency fund?
Replies: 26
Views: 1850
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