Search found 708 matches

by czeckers
Tue Sep 01, 2015 4:36 am
Forum: Investing - Theory, News & General
Topic: "Investors are fleeing once-popular emerging markets."
Replies: 14
Views: 1313

Re: "Investors are fleeing once-popular emerging markets."

I rebalance monthly with new contributions. Most of my money has been going to Adam for a while now. It's good to know there is an investment with cheap valuations.
by czeckers
Tue Aug 25, 2015 3:43 am
Forum: Personal Consumer Issues
Topic: Auto purchase offer from local dealer
Replies: 14
Views: 1129

Re: Auto purchase offer from local dealer

Thank you everyone for your replies. I guess I'm surprised I haven't encountered this before.
by czeckers
Mon Aug 24, 2015 5:57 pm
Forum: Investing - Theory, News & General
Topic: "FEAR" Is Here,...
Replies: 53
Views: 6931

Re: "FEAR" Is Here,...

Honestly, the 'catching a falling knife' analogy never made sense to me. Yes, there can be regret when you buy something and the price drops even further afterwards. However, you still bought at a price that's lower than recent purchases (say for a monthly investor purchasing at the beginning of the...
by czeckers
Mon Aug 24, 2015 4:45 pm
Forum: Personal Consumer Issues
Topic: Auto purchase offer from local dealer
Replies: 14
Views: 1129

Auto purchase offer from local dealer

In the last week, I received unsolicited offers for both of my vehicles from local auto dealers -- one offer for one car from one dealer, and one offer for our van from a different I think unrelated dealer. Both offers came in the mail in the form of a hand-written note offering an "aggressive ...
by czeckers
Mon Aug 24, 2015 10:33 am
Forum: Investing - Theory, News & General
Topic: OIL so low
Replies: 5
Views: 601

Re: OIL so low

You could consider investing in collateralized commodity futures (CCFs) -- basically mutual funds that buy commodities futures contracts. I believe the strategy is that they sell the contract before taking delivery and then roll the return into another contract. I don't personally invest in this cla...
by czeckers
Sat Aug 22, 2015 7:04 pm
Forum: Investing - Theory, News & General
Topic: Piling into emerging markets
Replies: 67
Views: 7812

Re: Piling into emerging markets

I rebalance with new contributions every month. I have been buying EM often as well as SCV. I feel good having some bargains out there while the U.S. Market and U.S. Bonds have valuations that are above historical averages.

EM is 20% of equity, 16% overall for me.
by czeckers
Sat Aug 22, 2015 9:21 am
Forum: Investing - Theory, News & General
Topic: Should I want the market to go up or down?
Replies: 35
Views: 3765

Re: Should I want the market to go up or down?

Practically speaking, there is nothing you can do about the market. Like I said, it will do what it will do. The most important things that you do have control of are to be diversified and not to panic sell if there is a market drop. For diversification, at a minimum, you should have some US equity,...
by czeckers
Sat Aug 22, 2015 4:43 am
Forum: Investing - Theory, News & General
Topic: Should I want the market to go up or down?
Replies: 35
Views: 3765

Re: Should I want the market to go up or down?

If you have $100,000 in the market and it halves and then doubles or it doubles and then halves, you still have $100,000. But that only applies if you invested a lump sum and make no further contributions. Let's say you invest $20,000/yr for five years. Let's say the market is $10/share when you sta...
by czeckers
Sat Aug 22, 2015 4:24 am
Forum: Personal Finance (Not Investing)
Topic: With Stock Market heading south
Replies: 95
Views: 11252

Re: With Stock Market heading south

I'm 20+ years from retirement so am excited to have an opportunity to buy more shares at cheaper prices.
by czeckers
Tue Aug 18, 2015 9:02 pm
Forum: Investing - Theory, News & General
Topic: Good argument for underweighting international stocks?
Replies: 77
Views: 4664

Re: Good argument for underweighting international stocks?

P/E ratios for international, and emerging markets in particular, are much more attractive right now than US equity. I certainly would not be decreasing my international exposure right now. Pick an international allocation and stick with it anywhere between 20-50% of equity is reasonable. The optima...
by czeckers
Sun Aug 16, 2015 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Late starters: what age did you start investing?
Replies: 86
Views: 9006

Re: Late starters: what age did you start investing?

I invested $100/mo when I was 21-22yo but had no clue what I was doing. Then started medical training so didn't begin again until age 33 when got first real job. Ended up losing 90% of the money I had invested in my twenties to the Internet bubble. In the big picture it wasn't much that I lost, but ...
by czeckers
Sat Aug 15, 2015 9:09 am
Forum: Personal Consumer Issues
Topic: Cheap drugs! [Switching to generic]
Replies: 26
Views: 2231

Re: Cheap drugs! [Switching to generic]

On new vs old drugs. Most new drugs within a specific drug class make only modest improvements over the old generics. Maybe 1x/day dosing instead of 2x/day. Maybe lowers your cholesterol 30% instead of 25% or maybe has less of a certain side effect. New drug classes however, are often substantial im...
by czeckers
Sat Aug 15, 2015 8:58 am
Forum: Personal Consumer Issues
Topic: Cheap drugs! [Switching to generic]
Replies: 26
Views: 2231

Re: Cheap drugs! [Switching to generic]

I'll put in my 2 cents as a physician. Usually the generics are functionally equivalent to the brand name drugs and a lot of the information you see saying that the brand name is better is just pharmaceutical marketing trying to keep you buying the brand name drugs. HOWEVER, equivalent does not mean...
by czeckers
Sat Aug 15, 2015 7:32 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 612
Views: 69341

Re: QSPIX - thoughts on interesting fund

The problem with using backrest results is that they are heavily skewed by recent performance. Any asset class with recent good performance will look like a good diversifier. Over the years I've seen here heated discussions about CCFs, gold, precious metals mining funds, emerging market funds, small...
by czeckers
Wed Aug 05, 2015 11:02 am
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 128
Views: 13639

Re: $13 Million Goal for Early Retirement (am I crazy?)

There was a lot of market appreciation between 2008 and now. The OP and his wife have had 14 years in the market as well. I'm embarassed that someone would come to this forum, ask for advice, and have a large share of responses be accusatory of the OP for not being truthful. Folks, if you disagree w...
by czeckers
Mon Aug 03, 2015 7:29 am
Forum: Investing - Theory, News & General
Topic: [How often do you check on your investments?]
Replies: 43
Views: 2157

Re: [How often do you check on your investments?]

Monthly, just before new contributions go in. I rebalance with new money. However I only check performance annually.
by czeckers
Mon Aug 03, 2015 7:09 am
Forum: Investing - Theory, News & General
Topic: Houston, we have a problem... [Small cap historical performance]
Replies: 57
Views: 4673

Re: Houston, we have a problem... [Small cap historical performance]

Any time you look back, even over long time periods, your results will be heavily skewed by recent performance. Over the last few years, the large cap indexes have done much better than small caps. This will make the small cap strategy look worse when looking back.
by czeckers
Fri Jul 31, 2015 11:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1935
Views: 375881

Re: U.S. stocks in freefall

Precious metals in freefall for sure. Emerging markets beat up a bit. U.S. Stocks certainly not in free fall now.
by czeckers
Fri Jul 24, 2015 9:54 am
Forum: Investing - Theory, News & General
Topic: Are Stocks Overvalued? A Survey of Equity Valuation Models
Replies: 202
Views: 11918

Re: Are Stocks Overvalued? A Survey of Equity Valuation Models

That's the beauty of owning multiple asset classes and rebalancing. You end up buying more of the things that have done poorly recently and have a lower value, and you don't buy or even sell the things that have done well recently and thus have higher valuations. It's automatic and it doesn't requir...
by czeckers
Fri Jul 24, 2015 4:44 am
Forum: Investing - Theory, News & General
Topic: Vgpmx down 40%, time to buy?
Replies: 36
Views: 6954

Re: Vgpmx down 40%, time to buy?

I remember first noticing this fund when it was skyrocketing and VG closed it to new investors. I gained a new level of respect for the company at that moment. I think they stopped a lot of people from jumping on the bandwagon at a time when the prices were quite high.
by czeckers
Thu Jul 23, 2015 6:26 pm
Forum: Investing - Theory, News & General
Topic: Vgpmx down 40%, time to buy?
Replies: 36
Views: 6954

Re: Vgpmx down 40%, time to buy?

VGPMX has dropped over 80% from its peak and still dropping.
by czeckers
Sat Jul 18, 2015 7:26 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 732
Views: 106032

Re: Tesla S

I've been following Tesla with great interest. Electric cars, by eliminating all the friction that is part of internal combustion engines, transmissions, differentials, etc, do use significantly less energy than their gasoline burning counterparts. Looking at the map of the supercharging stations, I...
by czeckers
Fri Jul 10, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage - 30 year or 15 year?
Replies: 56
Views: 5151

Re: Mortgage - 30 year or 15 year?

As a fellow physician, I would strongly urge you to go for the 15yr mortgage. There are a few reasons: First, you mentioned you are likely to stay in the area for only 10 years. 1) If you go with the 15-year mortgage, after 10 years, you will have a remaining balance of $364,302 With the 30-year it ...
by czeckers
Tue Jun 30, 2015 11:18 am
Forum: Personal Finance (Not Investing)
Topic: federal tax return rejected
Replies: 14
Views: 1894

Re: federal tax return rejected

Your case is certainly concerning for fraud. Freezing your credit might not be a bad idea in the interim.

My experience with the IRS is that they frequently make mistakes so it might not be all bad.

-K
by czeckers
Thu May 28, 2015 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Cost of a "free" PhD program is around half a million? How does anyone afford this?
Replies: 91
Views: 6875

Re: Cost of a "free" PhD program is around half a million? How does anyone afford this?

"If you could save $25,000 per year..." Assuming that you are saving 20% of your income, you'd have to be already earning $125,000/yr to be able to save $25,000 per year. If that's the case, I'm not sure why you would choose to give up that income to pursue a graduate degree at the age of ...
by czeckers
Wed May 13, 2015 10:47 am
Forum: Personal Consumer Issues
Topic: Leather sofa sets for my living room
Replies: 11
Views: 1688

Re: Leather sofa sets for my living room

Avoid "bonded leather" or "reconstituted leather". They are ground up bits of leftover leather scraps that are glued together into a vinyl-like material. Unfortunately it is still marketed as "real leather". These days they do a good job of making it look, feel, and sme...
by czeckers
Wed May 13, 2015 10:35 am
Forum: Investing - Theory, News & General
Topic: International - Who really is at 40%
Replies: 93
Views: 8051

Re: International - Who really is at 40%

I've been at 50% of my equities in international for a number of years now. Tilted to international small and value and EM. Also a slice of internatinoal REITs. No idea whether this will be the best decision going forward or not, but its probably within the ballpark of not being unreasonable.
by czeckers
Tue Apr 28, 2015 6:56 pm
Forum: Personal Consumer Issues
Topic: 2 iphones on 1 itunes account experiences?
Replies: 18
Views: 1585

Re: 2 iphones on 1 itunes account experiences?

My wife and I have two iphones on one iTunes account. As long as you give them separate device names in iTunes, there hasn't been a problem with overlapping texts or emails. It works just fine. One bonus is that if I purchase an app on my phone, she can download it for free since it's already on the...
by czeckers
Mon Mar 23, 2015 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 yr mortgage
Replies: 83
Views: 8649

Re: 15 vs 30 yr mortgage

We have purchased a number of homes over the years. Our first mortgage was a 30-year mortgage. When we sold the house after 5 years, it turned out that the only equity we had was from our 20% downpayment. Almost all of our mortgage payments went to interest alone. Look at the amortization tables to ...
by czeckers
Sun Mar 15, 2015 2:47 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance as asset protection
Replies: 40
Views: 3454

Re: Whole Life Insurance as asset protection

In 2015, a businessman can shelter $53,000 in a solo 401k and an additional $5,500 in an IRA or back door Roth IRA. I wouldn't even consider looking at other ways of sheltering money from creditors until I've maxed these out. In most states, retirement plans have very good protection though it does ...
by czeckers
Sun Mar 15, 2015 2:38 am
Forum: Personal Finance (Not Investing)
Topic: when did/would you terminate disability insurance?
Replies: 35
Views: 3131

Re: when did/would you terminate disability insurance?

Once your investments are sufficient to cover basic living expenses, I see no need for this expensive insurance. For aggressive savers this may happen early in life. Others may not reach this point until eligible for social security.
by czeckers
Thu Feb 05, 2015 5:49 pm
Forum: Investing - Theory, News & General
Topic: How Much & Best Way to Earn $13k Year
Replies: 30
Views: 3772

Re: How Much & Best Way to Earn $13k Year

$13,000 would rent some pretty nice vacation homes. In NC, you can get a nice beach house or condo for $3000/wk so you could vacation on the beach for a month each year for what you would pay in taxes. It's this fact that has kept me from buying a vacation home myself. That plus the ability to vacat...
by czeckers
Mon Feb 02, 2015 5:29 pm
Forum: Investing - Theory, News & General
Topic: Shiller: "Become a smart beta person"
Replies: 20
Views: 2867

Re: Shiller: "Become a smart beta person"

Every month I rebalance with new money. I have been buying EM and international for some time now. My Excel spreadsheet has already freed me from the zeitgeist.
by czeckers
Tue Jan 13, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Ever get 'Antsy' following BH
Replies: 26
Views: 3055

Re: Ever get 'Antsy' following BH

I love the term 'financial malaise'.
by czeckers
Mon Jan 12, 2015 8:52 am
Forum: Personal Consumer Issues
Topic: Mice in the house
Replies: 86
Views: 6030

Re: Mice in the house

We live in the country and get mice every year when it gets cold. We have three cats that are enthusiastic about catching them, but as we do have to do a mouth check whenever they come in because they sometimes do like to take their work home with them. The problem for us is that there is a space ab...
by czeckers
Sat Jan 03, 2015 8:47 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman takes John Bogles $5.00 Bet!
Replies: 61
Views: 10653

Re: Paul Merriman takes John Bogles $5.00 Bet!

Given current valuations, I wouldn't bet against international valuations.
by czeckers
Sat Dec 27, 2014 6:33 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 945
Views: 197807

Re: I think I just got a $5,000 watch for Christmas

Congratulations. Having followed your original $5K watch post, the fact that you now have it brought a smile to my face. Thank you for sharing and I wish you and your wife a prosperous 2015.

-K
by czeckers
Thu Dec 04, 2014 7:11 pm
Forum: Personal Consumer Issues
Topic: Tips for post shoulder surgery
Replies: 9
Views: 761

Re: Tips for post shoulder surgery

Oh, and follow instructions on what medicines to take and not take, and what they say about eating and drinking.

Don't wear contacts. Bring an eye glass case if you wear glasses.

-K
by czeckers
Thu Dec 04, 2014 7:08 pm
Forum: Personal Consumer Issues
Topic: Tips for post shoulder surgery
Replies: 9
Views: 761

Re: Tips for post shoulder surgery

You'll want to make arrangements to sleep in a recliner or equivalent for the first few days. Think about life with only one useable arm: Get baggy shirts and sweatshirts that will pull over your head and arm or zip. Forget about anything with buttons. Get shoes that slip on. Follow instructions rel...
by czeckers
Thu Dec 04, 2014 7:00 pm
Forum: Personal Consumer Issues
Topic: Advice on old beater car. Best way to get rid?
Replies: 34
Views: 3069

Re: Advice on old beater car. Best way to get rid?

Donate it to Mythbusters.
by czeckers
Sat Nov 29, 2014 2:13 pm
Forum: Personal Consumer Issues
Topic: When do you feel comfortable financially to have kids?
Replies: 59
Views: 4817

Re: When do you feel comfortable financially to have kids?

People who run the numbers regarding how much it costs to raise kids I think use figures based on what they would want their kids to have. The truth is, what kids actually need is considerably less. You will probably never feel financially ready, but keep in mind, people raise children on far far le...
by czeckers
Mon Nov 24, 2014 6:54 pm
Forum: Personal Consumer Issues
Topic: Dog food - how cheap is too cheap?
Replies: 64
Views: 8421

Re: Dog food - how cheap is too cheap?

I've never tried feeding my two-year old dog food. Do you use the wet food or the dry? Baby food is crazy expensive. :twisted: :D

-K
by czeckers
Mon Nov 24, 2014 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 14726

Re: Girlfriend with a LOT of Student debt.

With that level of debt, I would never buy a new car. That is a big red flag. I recall reading that the number one reason for divorce is financial problems.

-K
by czeckers
Fri Nov 21, 2014 3:54 pm
Forum: Personal Consumer Issues
Topic: Carrying alternatives for phone, credit cards, money
Replies: 25
Views: 2878

Re: Carrying alternatives for phone, credit cards, money

A metal money clip works well for me. I've had the model below for 10 years now and have been very happy with it. http://www.amazon.com/Smart-Money-Storus-Double-Sided/dp/B001RMO3NK/ref=sr_1_14?s=apparel&ie=UTF8&qid=1416603184&sr=1-14&keywords=money+clip A wallet in my back pocket hu...
by czeckers
Fri Nov 21, 2014 3:48 pm
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 75
Views: 11011

Re: Does investing in a 401k actually save any money?

A number of people have already pointed out that investing $100K pretax money in a 401K is equivalent to to $67K of after-tax dollars so the initial investment is different because of taxes. Another issue is that the owner of the taxable account will also have to pay annual taxes on the dividends. T...
by czeckers
Mon Nov 17, 2014 3:40 pm
Forum: Investing - Theory, News & General
Topic: When do your account returns dwarf your contributions?
Replies: 51
Views: 8110

Re: When do your account returns dwarf your contributions?

If you are making steady contributions, it usually happens in 7-10 years. This of course depends on how well the markets have done and your asset allocation so it is impossible to give you a more specific answer. It can take longer if the market does poorly (a good thing for an early saver) or if yo...
by czeckers
Thu Nov 13, 2014 3:46 pm
Forum: Investing - Theory, News & General
Topic: Value Averaging: My experience after 9 years
Replies: 24
Views: 4882

Re: Value Averaging: My experience after 9 years

I've been using VA for about 7 years now. When new cash contributions could no longer help me stay on the value path, I changed my AA to 100% equities which allowed me to catch all of the rebound. Once I got back to my path, I went back to my baseline 80/20 mix. I think what makes value averaging di...
by czeckers
Thu Nov 13, 2014 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Why Not 100% Treasuries if your Risk is on the Equity Side?
Replies: 40
Views: 4215

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

During 2008-9, corporates and junk bonds had losses on top of equities tanking. To me, the point of having bonds is a bit of diversification against equity risks. Otherwise, compared to equities, they're just a low-returning asset. As far as I'm concerned, treasuries are the only way to go.

-K

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