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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 3:54 pm
 
Forum: Personal Consumer Issues
Topic: Carrying alternatives for phone, credit cards, money
Replies: 13
Views: 882

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
Fri Nov 21, 2014 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 44
Views: 3246

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
Mon Nov 17, 2014 3:40 pm
 
Forum: Investing - Theory, News & General
Topic: When do your account returns dwarf your contributions?
Replies: 51
Views: 5706

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 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: Value Averaging: My experience after 9 years
Replies: 24
Views: 3773

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
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: 3596

Re: Bogleheads, tell me about your 40's?

A little over a year into my 40's. These are the running years for sure. Hair seems more gray with every hair cut. Beginning to get leadership responsibilities at work. Net worth growth beginning to pick up through compounding of investments as well as paying off of student loans and mortgage. Inves...
by czeckers
Thu Nov 13, 2014 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 100
Views: 12680

Re: Dealing with pressure for "social donations" at work

You said gifts/bonuses. Those are two completely separate things. If a company wants to give bonuses, it should do it out of its profits, not your income. Doing an office gift exchange is one thing. Being told to give gifts to other employees because you have a "higher income" is creepy. H...
by czeckers
Thu Nov 13, 2014 3:21 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 8009

Re: How Do You Use the VIX (Fear & Greed Index)?

I don't find it to be all that sensitive. It swings around too much. I take notice when stock market moves make the front page of a major newspaper. That's usually a good indicator that something major is happening.
by czeckers
Thu Nov 13, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: How Do You Use the VIX (Fear & Greed Index)?
Replies: 15
Views: 1096

Re: Boglehead family vacations

If you want to do a cruise, MSC cruises out of Florida. Children 10 and under are free (you do pay taxes and port fees). With two children, you'll need one of the cabins with a double sofa bed or two bunks. We went on three cruises with them and it was a great deal each time.

-K
by czeckers
Wed Nov 12, 2014 1:15 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead family vacations
Replies: 42
Views: 3080

Re: Your car(s) are equal to how many months income

Bought a 2-year old Subaru for less than 1 mo income.

Did buy a new van for the family at 2x monthly income.

-K
by czeckers
Wed Nov 12, 2014 1:12 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5996

Re: Questions about flying with a toddler

Benadryl can make some kids hyper.
by czeckers
Tue Nov 11, 2014 4:09 pm
 
Forum: Personal Consumer Issues
Topic: Questions about flying with a toddler
Replies: 35
Views: 1734

Re: 20-minute options ... the "crack cocaine" of "investing"

I wonder how they came up with 20 minutes?
by czeckers
Tue Nov 11, 2014 2:17 pm
 
Forum: Investing - Theory, News & General
Topic: 20-minute options ... the "crack cocaine" of "investing"
Replies: 5
Views: 1139

Re: Questions about flying with a toddler

If your child does well on long car trips, odds are he/she will do well on the flight. We have flown many times with small children. Having a lap passenger is ok and is doable in a pinch -- it works best with a nursing infant. However, if they are more than 1 year old, we now definitely prefer buyin...
by czeckers
Tue Nov 11, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: Questions about flying with a toddler
Replies: 35
Views: 1734

Re: If your networth is over $3 million, how did you do it?

I am certain that even among the people with 6-figure incomes, relatively few will have 3M at retirement.

-K
by czeckers
Tue Nov 11, 2014 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22214

Re: If your networth is over $3 million, how did you do it?

I didn't say that it was possible for everyone . You do have to be able to acquire a skill set that leads to an above average income. 6% long-term return is not guaranteed of course, but not crazy either. Given current inflation of 1.7%, that's only a real return of 4.3% -- well under the historical...
by czeckers
Tue Nov 11, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22214

Re: Savings rate of -2% for those under 35 - WSJ

The fact that the study demonstrated a dramatic increase in savings during the recession, at a time when unemployment, particularly for the young, was nearly double that which it is now is very interesting. It indicates to me, that the issue isn't that people are barely scraping by and unable to man...
by czeckers
Tue Nov 11, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings rate of -2% for those under 35 - WSJ
Replies: 69
Views: 4150

Re: Retiring Parents Set in Risky Ways

Polaroid Enron Worldcom Kodak General Motors Lehman Brothers Eastern Airlines Lionel Corporation Woolworth They were all once large, stable companies. Eventhough GM still is, I believe stockholders got wiped out in 2008. It is understandable that they are attached to the company that made them their...
by czeckers
Tue Nov 11, 2014 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring Parents Set in Risky Ways
Replies: 46
Views: 3933

Re: If your networth is over $3 million, how did you do it?

For a 27 year-old who has a good job and starts maxing out their 401k beginning on Jan 1st, it would be straightforward. $18,000 invested each year x 40 years (retire at 67) x 6% return (after taxes and expenses) = $2,952,858.30 Now that's in nominal terms so the purchasing power won't be the same a...
by czeckers
Tue Nov 11, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22214

Re: What if....?

Nothing. Am in the accumulation stage. I rebalance with new contributions.

As the portfolio gets bigger, hopefully annual increases of that magnitude become more and more common.

-K
by czeckers
Mon Nov 10, 2014 8:37 pm
 
Forum: Personal Consumer Issues
Topic: What if your investable assets rise significantly?
Replies: 19
Views: 2019

Re: Messy baby restaurant etiquette

I have a lot of experience in this area (currently 8 kids 11 years old and under). Noise is definitely what draws the most evil stares. Choosing restaurants that are inherently noisy definitely helps. With respect to the mess, the easiest thing to do is to avoid messy foods and limit quantities. At ...
by czeckers
Mon Nov 10, 2014 8:30 pm
 
Forum: Personal Consumer Issues
Topic: Messy baby restaurant etiquette
Replies: 75
Views: 4478

Re: Job advice - academic physician career move?

Raising a family without support in the community can be quite stressful. We did that for a while but I ended up choosing a lower paying job at a less prestigious institution to be closer to my wife's family. I have never regretted the move. Though my wife loved our previous city, she is much happie...
by czeckers
Sat Nov 08, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job advice - academic physician career move?
Replies: 35
Views: 2888

Re: Is active fund management an industrial sized rip off?

In a word, yes.

Well, at least 80% of the time. Roughly 1/5 active funds do beat the index, but usually not by much, and not necessarily with any consistency.
by czeckers
Sat Nov 08, 2014 1:33 pm
 
Forum: Investing - Theory, News & General
Topic: Is active fund management an industrial sized rip off?
Replies: 4
Views: 726

Re: 22, I want to be rich, looking for a high reward fund

For a taxable account, VG'a total US market fund is slightly more tax efficient than the S&P500 fund (less portfolio turnover). When I last looked into this, it was as good as the more managed tax managed fund so I just went with the index.
by czeckers
Sat Nov 08, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: 22, I want to be rich, looking for a high reward fund
Replies: 67
Views: 6145

Re: 22, I want to be rich, looking for a high reward fund

Start saving early. Save a lot. Don't lose your shirt. That's how you get rich. You got the early bit which is great. If you don't, there's no do over later in life. In the beginning, your savings rate matters much more than choice of investments. It will probably go up as your career and income adv...
by czeckers
Fri Nov 07, 2014 10:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: 22, I want to be rich, looking for a high reward fund
Replies: 67
Views: 6145

Re: Donating Your Body to Medical School, etc.

When I'm dead, parts is parts. I won't need them anymore. The living get first dibs if I'm eligible to be an organ donor. It's fascinating how one donor can impact so many different lives in a truly life changing (and often life saving) way. Two corneas, two lungs, a heart, liver, two kidneys, pancr...
by czeckers
Fri Nov 07, 2014 9:48 pm
 
Forum: Personal Consumer Issues
Topic: Donating Your Body to Medical School, etc.
Replies: 44
Views: 4331

Re: Blog: Harry Browne's Permanent Portfolio

At this time, I don't really have an opinion of the Harry PP one way or the other. Having said that, I am troubled by a few observations. Gold has been around for a very very long time, why are all the comparisons limited to the last 50 years or so? Also, why only compare to a portfolio containing j...
by czeckers
Sun Nov 02, 2014 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: Blog: Harry Browne's Permanent Portfolio
Replies: 79
Views: 7997

Re: Career Advice for an Unhappy Young Doctor?

The first 6-12 months out of residency are quite stressful as this is the first time when you are truly on your own making decisions for your patients. I wouldn't make any changes until after the first year. If she is unhappy, she needs to figure out what it is about medicine that attracter her to i...
by czeckers
Mon Oct 27, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 116
Views: 13263

Re: Electronic lock experiences

I have several of the exact lock as well as the dead bolt version. It keeps the kids from locking me out and allows them access to the house without having to carry a key. The battery life is pretty good. We get at least 6 months out of a 9V battery in the heavily used doors, and well over a year in...
by czeckers
Sat Oct 25, 2014 3:58 pm
 
Forum: Personal Consumer Issues
Topic: Electronic lock experiences
Replies: 15
Views: 1793

Re: How often do you change your car's oil?

About every 5,000 miles -- it is a nice round number that is easy to remember. Using modern oil, I have yet to find any scientific evidence to justify the 3,000 mile recommendation.

-K
by czeckers
Sat Oct 25, 2014 1:23 pm
 
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 168
Views: 11016

Re: Ham and Egger's Theory? [Buy small cap when under-perfor

If you're doing this in a taxable account, you may want to stick with a total US market and a total international index fund to minimize your taxes. If you want to divide your portfolio into smaller slices and tilt to small cap or whatever, I recommend you do that in your tax deferred accounts. Kudo...
by czeckers
Sat Oct 25, 2014 12:09 pm
 
Forum: Investing - Theory, News & General
Topic: Ham and Egger's Theory? [Buy Whatever Cap Size is lagging) ]
Replies: 38
Views: 3190

Re: How did you buy your largest home?

Current home is our third house and is the largest. We started with a small 800sq ft house during school/residency. Then, with each move we've upgraded to accomodate our growing family. Each time we used the equity from the previous house to fund the down payment on the next house. In each case it e...
by czeckers
Sat Oct 25, 2014 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you buy your largest home?
Replies: 25
Views: 2691

Re: Creating a 401k for my company through Employee Fiduciar

I'm surprised no one has mentioned offering the Extended Market Index fund to cover mid-small caps. That, along with Total US Market, Total International, Total Bond, TIPS, +/- REIT and Emerging Markets actually allows for a good amount of diversification while allowing the informed investor to do s...
by czeckers
Thu Oct 23, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Creating a 401k for my company through Employee Fiduciary
Replies: 85
Views: 6598

Re: convenience vs cost (Vanguard vs NY 529)

As a NY resident, I started out with a NY and an OH 529 for each child because the NY 529 ERs were much higher so I'd put in enough to get the tax break and then invest the rest in Ohio's plan. However, over the years, I've been pleased with how the NY 529 plan has continually reduced it's ERs. Also...
by czeckers
Mon Oct 13, 2014 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: convenience vs cost (Vanguard vs NY 529)
Replies: 8
Views: 980

Re: Best Place to Do Research on Orthopedic Surgeons

As an anesthesiologist, I get asked this question often. Unfortunately it is a difficult question to answer. I can certainly tell you which surgeons to stay away from (high in OR complication rate, high percentage of cases that take significantly longer than they should suggesting lack of competence...
by czeckers
Thu Aug 14, 2014 5:46 am
 
Forum: Personal Consumer Issues
Topic: Best Place to Do Research on Orthopedic Surgeons
Replies: 28
Views: 1903

Re: Fraudulent Charges Mystery

My credit card commonly gets compromised when I travel on business. My guess is waiters at restaurants are often up to no good when they take your card to the back room. The pattern of small purchases is pretty common so I do watch my statements pretty carefully, especially for out-of-town purchases...
by czeckers
Tue Jul 29, 2014 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fraudulent Charges Mystery
Replies: 21
Views: 3213

Re: Tiny House Movement

Interesting. I think different people just feel comfortable in different size spaces. Some like to have wide open spaces so they don't feel cramped. Others like a house that's built like a glove or a sailboat. Compact footprint and don't have to walk far from one space to another. I lean toward the ...
by czeckers
Fri Jul 11, 2014 1:54 pm
 
Forum: Personal Consumer Issues
Topic: Tiny House Movement
Replies: 139
Views: 16270

Re: Convince me to choose a Suburban over a Sequoia

If rear wheel drive isn't a deal breaker, the Nissan NV 3500 is a large van that can easily handle a large family and all the stuff that comes with it on trips. We have over 20,000 miles on ours now and absolutely love it.

-K
by czeckers
Sun May 18, 2014 8:19 pm
 
Forum: Personal Consumer Issues
Topic: Convince me to choose a Suburban over a Sequoia
Replies: 64
Views: 4762

Re: Let's compare 2013 effective tax rates

It's not clear to me how your effective rate can be higher than your marginal tax rate.
by czeckers
Wed Apr 16, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2941

Re: LED bulb prices

If CFLs lasted their stated duration, then I'd say they are still the better deal despite their drawbacks such as long warm-up period when it's cold out and not playing nice with motion sensors and dimmers. However, I definitely find that, while some last a long time and I haven't replaced them in 5...
by czeckers
Mon Apr 07, 2014 8:40 am
 
Forum: Personal Consumer Issues
Topic: LED bulb prices
Replies: 118
Views: 15673

Re: Term Life Insurance - Young Couple in 20's

I'd recommend serious consideration to covering your spouse as well as you had outlined in your plan. In the event of the unthinkable, you will be faced with the choice of paying for childcare, cutting back your hours, or some combination of both. Either way, the life insurance policy will give you ...
by czeckers
Fri Apr 04, 2014 6:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 11
Views: 740

Re: somoene filed a return with my spouses SSN?

Sounds like identity theft. Ppl file a fraudulent tax return with a refund due and collect the refund. Notify IRS immediately and freeze all credit. Good luck.
by czeckers
Fri Apr 04, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: somoene filed a return with my spouses SSN?
Replies: 22
Views: 2462

Re: Preventing Office Theft of Food and Other Stuff

I once ate someone's sandwich by accident. I'd always leave the plastic grocery bag with the lunch my wife packed in the crisper drawer of the communal fridge. She'd always take a bite out of it to assure me it wasn't poisoned. Well, one day, I open the drawer, pull out the bag and start eating. I n...
by czeckers
Thu Apr 03, 2014 9:15 pm
 
Forum: Personal Consumer Issues
Topic: Preventing Office Theft of Food and Other Stuff
Replies: 78
Views: 7614

Re: Lazy portfolios: no returns or risk information

Frans, you seem capable to find the information you requested by yourself and to do the necessary calculations. It is not clear to me anymore what it is you're looking for. I wish you much luck and success with your investments.

Boy I sure could use an uplifting Munchkinman post right now.
by czeckers
Tue Apr 01, 2014 3:19 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 8811

Re: Lazy portfolios: no returns or risk information

Frans, any backward looking evaluation will be heavily skewed by the most recent returns. You can see this by playing with TrevH's/Simba's spreadsheet. Look at some sample portfolios for the dataset 1972-2007 and then again 1972-2008. You'll see that just one year in a dataset spanning 35 years chan...
by czeckers
Tue Apr 01, 2014 8:10 am
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 8811

Re: Lazy portfolios: no returns or risk information

True. However, even if we had 100 years of pristine data, I'm not sure that would be enough. The past is not prologue. Even with precise data, you're still left with making generalized assumptions about the future.
by czeckers
Sun Mar 30, 2014 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 8811

Re: New Friends are the Anti-Bogleheads, what to do?

Let's say hypothetically you broached the subject and they listened and took your advice and you suggested a perfectly well balanced and diversified 3 fund portfolio consisting of all index funds and it was beginning of 2013. A year later they'd be angry that the return on their portfolio was half o...
by czeckers
Sun Mar 30, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 9153

Re: Lazy portfolios: no returns or risk information

I'd add that testing portfolios under various known historical conditions such as high inflation periods for example can be useful.
by czeckers
Sun Mar 30, 2014 1:07 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 8811

Re: Lazy portfolios: no returns or risk information

To the OP, past returns and standard deviation for any of the mutual funds that you might use to recreate any of the model portfolios are easy to come by via any of the financial web sites. Furthermore, there are places that update the performance of the lazy portfolios on an annual basis. You can g...
by czeckers
Sun Mar 30, 2014 1:02 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 8811

Re: Lazy portfolios: no returns or risk information

I think we've made the point that looking at past returns is not all that helpful. But we haven't helped with what I think is the OP's dilemma: how do you choose which portfolio is right for you? If you can't rely on that concrete value that is the past return, then what? Portfolio construction is m...
by czeckers
Sat Mar 29, 2014 5:47 am
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 8811

Re: New partner eligible for solo 401K?

I just interviewed with a group having the exact same arrangement. All partners paid via K-1. Everyone opens their own SEP-IRA with the provider of their choice and the LLC contributes to it, with the contributions being deducted from their gross income. The max contribution is $55,000 I think so no...
by czeckers
Thu Mar 27, 2014 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: New partner eligible for solo 401K?
Replies: 14
Views: 997
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