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Re: Confession: I bought a stock. What is wrong with me?

Nothing is wrong. Like everybody else you think that you are smarter than the market. Like everybody else you crave the rush of making money due to your superior abilities or "inside" information. Your discipline failed. It's OK as long as it doesn't become a habit. "Money won is twic...
by gasman
Sun Mar 16, 2014 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Confession: I bought a stock. What is wrong with me?
Replies: 25
Views: 2145

Re: Transitioning my account

At the very least, take all mutual fund cap gain and dividend distributions as cash and do not reinvest.
by gasman
Wed Mar 12, 2014 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transitioning my account
Replies: 7
Views: 463

Re: non-compete

These are very common in medicine.
Are you employed under a personal services contract with a defined expiration date?
Are you incentivized to sign?
What happens if you decline?

You really need to talk to an employment attorney in your state.
by gasman
Tue Mar 11, 2014 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: non-compete [Employer NDA and Non-Compete agreements]
Replies: 35
Views: 1572

Re: How did you get through the market crash in 08-09

Gritted my teeth. Stuck to my plan. Rebalanced per my IPS. Knowing that according to history it was the best course. But I did not do it gladly or happily at the time. Many months of dysphoria.
by gasman
Mon Mar 10, 2014 7:16 pm
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5452

Re: How has frugality impacted your marriage/LTR?

Impacted negatively in the beginning. Positively once I got her to convert.
by gasman
Fri Feb 21, 2014 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: How has frugality impacted your marriage/LTR?
Replies: 37
Views: 2818

Re: Asset protection strategy

You pretty much can't protect taxable accounts without giving the money to kids (UTMAs) or someone else (Irrevocable trusts). Buy insurance and hope for the best. If you are more concerned about asset protection than solid investment returns, you may consider cash value life insurance in some state...
by gasman
Fri Feb 14, 2014 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset protection strategy
Replies: 50
Views: 3043

Re: In-State Municipal Bonds Concerns

You didn't mention your tax bracket.
by gasman
Sun Feb 02, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: In-State Municipal Bonds Concerns
Replies: 8
Views: 699

Re: Why do billionaires use active managers? Any that don't?

I would also suspect that "investments" that billionaire's choose have frequently secondary emotional gains involved other than getting more dollars out.
by gasman
Sat Feb 01, 2014 10:39 am
 
Forum: Investing - Theory, News & General
Topic: Why do billionaires use active managers? Any that don't?
Replies: 28
Views: 3374

Re: 17.6 year stock market cycle

17 years? Does it follow the cicadas?
by gasman
Wed Jan 15, 2014 10:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: 17.6 year stock market cycle
Replies: 38
Views: 2588

Re: Grad Prof. wants to recommend me for interview, but...

I think that it is perfectly fine to interview for the position as long as you are open and honest about your experience and concerns.
by gasman
Wed Jan 15, 2014 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Grad Prof. wants to recommend me for interview, but...
Replies: 10
Views: 1150

Re: How do you "Stay the Course"?

It's easy when there is little volatility. When there is lots of it, I grit my teeth and bear it. Knowing that it is the best strategy, but not enjoying the ride.
by gasman
Wed Jan 15, 2014 9:34 am
 
Forum: Investing - Theory, News & General
Topic: How do you "Stay the Course"?
Replies: 52
Views: 3216

Re: college related advice for 11th grader

Thanks gasman. I did find a lot of chaff on cc.... it takes a lot of reading and work to glean what one is seeking. I am truly searching for whatever would be the best college experience for him, regardless of name. OTOH, some of the name places do provide a remarkable experience. If he got into St...
by gasman
Tue Jan 14, 2014 4:49 pm
 
Forum: Personal Consumer Issues
Topic: college related advice for 11th grader
Replies: 105
Views: 5507

Re: Doom and Gloom

As someone not yet 30, I sometimes lose my optimism (which I generally have plenty of) and become concerned with the future and the ability for my family to "get ahead". Aside from the Great Depression, I don't know of another modern era in which so many potentially disastrous unknowns li...
by gasman
Tue Jan 14, 2014 3:57 pm
 
Forum: Personal Consumer Issues
Topic: Doom and Gloom
Replies: 41
Views: 2577

Re: college related advice for 11th grader

Went through this last year. With PSAT scores that high you can count on your son being a a NMSF. He will get lots of unsolicited merit award offers from a variety of schools. Not ivies and similarly competitive. You cannot underestimate how competitive the top schools have become. There are somethi...
by gasman
Tue Jan 14, 2014 3:03 pm
 
Forum: Personal Consumer Issues
Topic: college related advice for 11th grader
Replies: 105
Views: 5507

Current bond duration?

Right now both the taxable and municipal yield curves are pretty steep. Using the rule of thumb that you should increase maturity one year if you can pick up 20 basis points for taxable and 15 basis points for municipal, It looks like we should be living in the 8-10 year range of maturities if one i...
by gasman
Tue Dec 31, 2013 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Current bond duration?
Replies: 4
Views: 444

Re: Article: corporate bonds are riskier now

These market shifts are set against the backdrop of a widespread fear that investors will leave the bond markets en masse as interest rates rise. Aren't higher yields a good thing for the long-term investor, especially when credit quality is no worse? Yes, but some of us keep our "dry powder&q...
by gasman
Mon Dec 30, 2013 9:42 am
 
Forum: Investing - Theory, News & General
Topic: Article: corporate bonds are riskier now
Replies: 13
Views: 1071

Re: Back from Grand Canyon rafting trip

Reviving this thread because We are planning on going. I was concerned about it being too hot in the summer to enjoy. Anybody want to comment on best time of year weather wise for this trip?
by gasman
Fri Dec 13, 2013 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Back from Grand Canyon rafting trip
Replies: 33
Views: 4477

Re: Frameless Sliding Glass Doors for Tub/Shower

How about a swinging glass door as opposed to sliding?
by gasman
Sun Dec 01, 2013 8:31 pm
 
Forum: Personal Consumer Issues
Topic: Frameless Sliding Glass Doors for Tub/Shower
Replies: 8
Views: 842

Re: who here is tempted to pullback on stocks?

I am often tempted to time the market.
I am also often tempted by dessert, sports cars, and attractive females.
I just know that other than an occasional dessert, all of the above are bad choices.
by gasman
Sun Nov 24, 2013 9:54 am
 
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 104
Views: 7871

Re: Does an allocation less than 5% ever make sense?

Emotionally, it might. I have just under 4% allocated to commodities. Intellectually, I know that it probably is meaningless. Howevever, for some reason it makes me feel better having token exposure.
by gasman
Fri Nov 08, 2013 10:02 pm
 
Forum: Investing - Theory, News & General
Topic: Does an allocation less than 5% ever make sense?
Replies: 34
Views: 3090

Re: Why am I way more happy winning $500 gambling than $1000

"Money won is twice as sweet as money earned"

-Paul Newman in "The Color of Money"
by gasman
Thu Nov 07, 2013 8:50 am
 
Forum: Personal Consumer Issues
Topic: Why am I way more happy winning $500 gambling than $1000 inv
Replies: 18
Views: 1462

Re: Tax loss Harvesting and "buying the cap gain"

You could always tax loss harvest after the distribution. Even if it is early January, all you would lose is the interest on the value of the loss for one year, given interest rats, likely a small number.
by gasman
Fri Oct 25, 2013 5:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss Harvesting and "buying the cap gain"
Replies: 2
Views: 328

Re: Fair or not [Financially supporting one child over anoth

After you and your spouse are dead they will only have each other. Leaving more to one child has a very strong chance of destroying their relationship. Make clear what you are willing to fund and support it equally for both children during your lifetime for things that you value, e.g., education, a ...
by gasman
Wed Oct 09, 2013 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fair or not [Financially supporting one child over another]
Replies: 57
Views: 4225

Re: Breaking Bad (TV Show)

Best thing on TV in years.
Sad it is ending.
by gasman
Sat Sep 28, 2013 10:09 pm
 
Forum: Personal Consumer Issues
Topic: Breaking Bad (TV Show)
Replies: 74
Views: 6125

Re: Can you trust muni credit ratings

Question for Larry, Has there been the equivalaent of "grading on a curve" or "grade inflation" in the muni credit markets over the last decade or so? E.g., are AAA, AA, ratings etc. assigned to whatever the top percentage of credit issuers is regardless how bad the group is as ...
by gasman
Wed Sep 18, 2013 12:45 pm
 
Forum: Investing - Theory, News & General
Topic: Can you trust muni credit ratings
Replies: 51
Views: 2511

Re: Can you trust muni credit ratings

duplicate post deleted
by gasman
Wed Sep 18, 2013 12:42 pm
 
Forum: Investing - Theory, News & General
Topic: Can you trust muni credit ratings
Replies: 51
Views: 2511

Re: Public pension underfunding: The bad and the ugly

constitutional bans mean nothing if there is no money. a court can say a state has to fund it-let them enforce it though. a court is going to allow detroit to cut pensions. it's just the beginning of this. Not so. Detroit has merely transferred it's liabilities to the state of Michigan by declaring...
by gasman
Sun Sep 15, 2013 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Public pension underfunding: The bad and the ugly
Replies: 10
Views: 786

Re: TLH option for Vanguard Intermediate-Term Tax-Exempt Fun

I feel like I know the answer is none... but just in case someone in the great bogglehead community has any ideas... What is a good TLH option for moving from Vanguard Intermediate-Term Tax-Exempt Fund (VWIUX)? Something with the same general behavior (quality/duration/tax-exempt) but not "sub...
by gasman
Sat Sep 07, 2013 7:55 am
 
Forum: Investing - Help with Personal Investments
Topic: TLH option for Vanguard Intermediate-Term Tax-Exempt Fund?
Replies: 25
Views: 1883

Re: Jersey Shore, Anyone?

Anybody know how LBI is doing post Sandy?
by gasman
Mon Aug 05, 2013 10:41 am
 
Forum: Personal Consumer Issues
Topic: Jersey Shore, Anyone?
Replies: 28
Views: 2133

Re: Conflicted About Expected Lifestyle Creep

I had no trouble living lean (except for private education for my kids) for the first decade plus post residency. I just didn't feel deprived. Banked well over half my salary. After age 50 is when I started to feel may age, and work has become far less satisfying, I have started to enjoy some of the...
by gasman
Fri Jul 19, 2013 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Conflicted About Expected Lifestyle Creep
Replies: 47
Views: 5387

Re: Vanguard bond fund with short duration

THe closest that you are going to get is a money market fund.
by gasman
Sat Jul 06, 2013 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard bond fund with short duration
Replies: 16
Views: 1522

Re: Dr. Bernstein's new factor tilts

Anyybody got a model portfolio that incorporates these new factor tilts?
by gasman
Wed Jul 03, 2013 4:36 pm
 
Forum: Investing - Theory, News & General
Topic: Dr. Bernstein's new factor tilts
Replies: 9
Views: 3027

Re: Detroit to default on $2.5B of debt

Anyone have on opinion on the plan to treat Detroit's G.O. debt as "unsecured"?

Does this have implications for the rest of the municipal bond market?
by gasman
Mon Jul 01, 2013 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Detroit to default on $2.5B of debt
Replies: 63
Views: 7217

Re: Wanting to spend money all of a sudden

I have the same types of feelings. Been deferring gratification for a very long time. I have loosened up on spending somewhat. Didn't hit me till late 40s. Travel more, stay at nicer properties, redecorated the house, paid for a landscaping/lawn service so I don't have to do it, eat out more and don...
by gasman
Tue Jun 18, 2013 10:03 am
 
Forum: Personal Consumer Issues
Topic: Wanting to spend money all of a sudden
Replies: 76
Views: 5888

Re: Serving on a Pension Board - Advice?

Recognize that some of the other board members may either be in the financial services industry, or have a spouse, neighbor, or close firend who is.

Ask if the board members have ANY relationship with the current or proposed custodian or advisor

You will be surprised how much the above matters.
by gasman
Wed Jun 05, 2013 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Serving on a Pension Board - Advice?
Replies: 30
Views: 1784

Re: Municipal Bonds as a percentage of US total bond market

I am thinking about both known specific risks and unknown risks. Known are things like the tax benefits of municipal bonds being curtailed and it becoming "acceptable" for municipalities to prioritize things like pension and health care obligations above municipal debt obligations. Unknown...
by gasman
Tue Jun 04, 2013 10:30 pm
 
Forum: Investing - Theory, News & General
Topic: Municipal Bonds as a percentage of US total bond market
Replies: 10
Views: 1185

Municipal Bonds as a percentage of US total bond market

http://en.wikipedia.org/wiki/Bond_market#U.S._bond_market_size According to the above Wikipedia entry, as of 2011, The Municipal Bond market is less than 10% of the US Bond market. In the name of tax efficency I, (and I suspect many others) hold far more than 10% of their bonds as Municipals. Is any...
by gasman
Tue Jun 04, 2013 8:50 pm
 
Forum: Investing - Theory, News & General
Topic: Municipal Bonds as a percentage of US total bond market
Replies: 10
Views: 1185

Re: Year Round Living on a Sandy Beach

Living on a beach year round will make it more likely that your children will come for visits.
by gasman
Sat May 25, 2013 9:24 am
 
Forum: Personal Consumer Issues
Topic: Year Round Living on a Sandy Beach
Replies: 55
Views: 5180

Re: Andreessen: Regulation creating two-tiered market

Rick Ferri touched on this in a previous thread "The Incredible Shrinking Market"

viewtopic.php?f=10&t=87921#p1262249
by gasman
Tue May 14, 2013 9:45 pm
 
Forum: Investing - Theory, News & General
Topic: Andreessen: Regulation creating two-tiered market
Replies: 18
Views: 1205

Re: Fiancee Got Into Med School: Should I Rent or Sell My Co

Federal student loans for professional school don't need to be repaid until you graduate but start accruing interest from day 1. The interest rate is 6.8% on the first $20.5k per year (Stafford) and 7.75% on any additional loans (Grad Plus). In addition, there is a 4% origination fee added to each ...
by gasman
Tue May 14, 2013 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fiancee Got Into Med School: Should I Rent or Sell My Condo?
Replies: 35
Views: 2349

Re: Obtaining university scholarship(s)

My advice - lower your expectations for scholarships or lower the quality bar of schools your daughter applies to. My daughter had extremely high grades, many academic awards, lots of extracurricular activities including leadership roles, perfect 36 ACT, IB diploma with 31 college credits earned in...
by gasman
Mon May 13, 2013 12:56 pm
 
Forum: Personal Consumer Issues
Topic: Obtaining University Scholarship(s)
Replies: 54
Views: 2353

Re: How Would Mr. Bogle Calculate Expected REIT Returns?

Does anything look like a great investment right now? It feels a lot like 2007 when everything seemed richly valued. Maybe a good time to pay down debt! Or just spend it. Being in debt is cheap now too, and higher rates and/or inflation are probably coming. Plus there are the non-financial risks (p...
by gasman
Fri May 10, 2013 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: How Would Mr. Bogle Calculate Expected REIT Returns?
Replies: 110
Views: 12842

Re: Is investing different for the "rich"?

I'm not quite in the eight-figure club, but I can say that having a reasonably sized portfolio has affected my decisions in the following ways: 1. I keep more than my age in fixed income because I don't feel I need to experience as much of the volatility risk of equities as if I were needing to ser...
by gasman
Fri May 03, 2013 12:20 pm
 
Forum: Investing - Theory, News & General
Topic: Is investing different for the "rich"?
Replies: 34
Views: 3344

Re: Dow surpasses 15000

Mill wrote:So what? :D


It is significant for two reasons.

1. I am a little closer to needing to rebalance into bonds
2. As the total portfolio grows, I am considering adjusting stock exposure downward, i.e. altering stock/bond mix.

That's what.
by gasman
Fri May 03, 2013 12:01 pm
 
Forum: Investing - Theory, News & General
Topic: Dow surpasses 15000
Replies: 32
Views: 2894

Re: Meet Mr. Money Mustache, the man who retired at 30

Love to know how he manages health insurance.
by gasman
Sat Apr 27, 2013 9:27 am
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 25198

Re: Choosing a medical school with debt or a tuition-free MD

MD-PhD programs are intended for those with a genuine interest in academic medicine and research. You will be doing yourself and the program a disservice if that does not describe your intentions.
by gasman
Fri Apr 26, 2013 8:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Choosing a medical school with debt or a tuition-free MD/PHd
Replies: 24
Views: 1494

Re: Upgrading Cookware?

Although good cookware has a high upfront cost, the more dear investment is the dollars and time to spend on good ingredients and preparation.
That is what you will spend resources on. That is where the payoff comes.
by gasman
Wed Apr 17, 2013 6:31 pm
 
Forum: Personal Consumer Issues
Topic: Upgrading Cookware?
Replies: 48
Views: 4079

Re: buying bonds, why sometimes buying smaller can be better

Larry, As always, thanks for your contributions. In your opinion can an individual using Vanguard Brokerage Service in a top taxbracket and high tax state with 700K or so dedicated to munis assemble a portfolio of individual municipal bonds using criteria that you have stated previously that would b...
by gasman
Wed Apr 17, 2013 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: buying bonds, why sometimes buying smaller can be better
Replies: 30
Views: 3014

Re: Help me manage a $7 million portfolio.

The question has to be asked. Are you managing this portfolio to take care of your mother or are you managing to take care of her and her heirs?
by gasman
Tue Apr 16, 2013 6:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me manage a $7 million portfolio.
Replies: 105
Views: 12028
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