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Re: Making an offer today

^ the showing cards of seller is pretty much known thru Trulia-Zillow-Redfin. Seller is holding a fairly weak hand. OP has stronger cards. With such a low offer, the question is whether the offer is large enough to cover the existing mortgage. And if it doesn't, then will the mortgage holder accept...
by staythecourse
Wed Oct 22, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 27
Views: 3038

Re: Making an offer today

Interesting that the owner showed you her cards (if it is the truth) with the exact number she is looking for. As I mentioned before do not fall in love with the place. This goes for picturing yourself in the property already as that is a form of falling in love with residential property. There is n...
by staythecourse
Wed Oct 22, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 27
Views: 3038

Re: Anchoring vs. Buy-and-Hold

I would think anchoring (or at least its negative connotation) is in reference to folks buying a security and looking to sell the security again for a quick profit, i.e. market timing. For those folks they will continue to want to hold the security hoping the price will eventually come back up. If y...
by staythecourse
Wed Oct 22, 2014 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Anchoring vs. Buy-and-Hold
Replies: 14
Views: 1047

Re: "You're invited to...." (nonsense talk and dinner)

It is odd, but I have NEVER been invited to a dinner or talk. I feel slighted in some weird way. Of course, I would still say no, but wanted to be included. I'm a physician married to a physician so would think I should have a huge bullseye on my back and front. I am hoping one day to be invited jus...
by staythecourse
Tue Oct 21, 2014 9:14 pm
 
Forum: Personal Consumer Issues
Topic: "You're invited to...." (nonsense talk and dinner)
Replies: 67
Views: 3446

Re: Valuations and the AA decision

staythecourse Anyone can do that for themselves. Just invert the CAPE and compare to bond yields. Or better CD yields since they are higher and just as riskless. That's the point I made ---just because valuations are high doesn't mean stocks will underperform. And no one knows the "right"...
by staythecourse
Tue Oct 21, 2014 5:57 pm
 
Forum: Investing - Theory, News & General
Topic: Valuations and the AA decision
Replies: 8
Views: 882

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

I'm not an engineer, but agree with the other folks in that I think engineers are some of the best investors. They are by nature and profession data driven and unemotional in their decision making. Those qualities make them terrible at other aspects of their life, but is a great plus when it comes t...
by staythecourse
Tue Oct 21, 2014 5:51 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 77
Views: 3865

Re: Leon Cooperman giving the same advice as Warren

I'm not going to take the advice of anyone who can't see that a TSM index fund is superior to a S&P 500 Index fund. Umm... No. One is not any better then the other. They just follow different indexes with one (SP500) constituting 70% of the other (TSM). No surprise over the long run they have b...
by staythecourse
Tue Oct 21, 2014 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 46
Views: 2989

Re: Sell bonds to buy real estate?

Nothing wrong with real estate, but there is something wrong with not seeing the all the negatives of such opaque and illiquid investment as real estate development. Do as you wish, but I would put the chances of a real estate virgin being successful financially from trying to make a 20% profit as t...
by staythecourse
Tue Oct 21, 2014 12:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Sell bonds to buy real estate?
Replies: 10
Views: 904

Re: Valuations and the AA decision

Mr. Swedroe, Good article. I was hoping you could put some of those returns in context to what an investor's other options might have been at those same time points in fixed income. For example: P/E of 25 gave stock returns of x%, but if you were in 10 yr. treasury at that same time it would have gi...
by staythecourse
Tue Oct 21, 2014 12:47 am
 
Forum: Investing - Theory, News & General
Topic: Valuations and the AA decision
Replies: 8
Views: 882

Re: Why I won't have bond funds

The author is pining for the high inflation days of the 1970s because back then, you could pick up bonds at 15% nominal interest. Funny how the human mind works. In 2010 or so when interest rates were near zero I found it funny that folks were wishing for the those good old late 70's again. I would...
by staythecourse
Tue Oct 21, 2014 12:38 am
 
Forum: Investing - Theory, News & General
Topic: Why I won't have bond funds
Replies: 31
Views: 3821

Re: Leon Cooperman giving the same advice as Warren

Folks should always do what is comfortable, but I have said numerous times the bond investors on this site are the folks who do not seem to understand that there is no free lunch. Folks want the diversification, i.e."if stocks go down I know my bonds will soften the blow", but yet the same...
by staythecourse
Tue Oct 21, 2014 12:34 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 46
Views: 2989

Re: Alternative Investments!

Be careful not to treat alternative investments as a free pass to speculate. That is NOT what it is. If you want to do that then set up a play account instead (which many have). The idea of alternatives is they behave differently in risk, return, and correlation to the other major assets: Stocks, bo...
by staythecourse
Mon Oct 20, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Alternative Investments!
Replies: 5
Views: 479

Re: "I've had it" at work - how often

Great thread. I used to be in the 70/30 crowd. Love my work (physician taking care of patients) and hated the admin folks overseeing the daily chores. They were incompetent and frustrating to work with as the moves they made no medical or financial sense for the practice. It was hard to listen to so...
by staythecourse
Sun Oct 19, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 150
Views: 11586

Re: Making an offer today

Good luck. Don't worry about what the agent says for an offer range. Remember that the agent works for the seller. I had an agent tell me that anything more than 5% below the asking price would be an insult. My present house was listed for $380k. I offered $225k. I bought it for $226.5k. I don't li...
by staythecourse
Fri Oct 17, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 27
Views: 3038

Re: Feeling very fortunate today!

nevermind the skeptics. i would work longer if you feel that you need to, for financial security. Yes, the first few years are critical in retirement. Everyone's situation and risk tolerance are different. Yes the first decade in retirement is critical, but... 1. Who cares? It isn't like you can pr...
by staythecourse
Fri Oct 17, 2014 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Feeling very fortunate today!
Replies: 52
Views: 6047

Re: Making an offer today

Now the negotiation begins. It will be interesting. I really like this property, but from the listing price I think the owners may value it more than I do. I guess we will find out soonif we share any middle ground. I have a number in my head that I know I can walk away happy. So I guess there is n...
by staythecourse
Fri Oct 17, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 27
Views: 3038

Re: How to wrap my head around downsizing my home?

If you have other reasons to move I would say go for it, because of the OTHER reasons NOT because of your condition. The treatment needed can be had anywhere and don't think it makes much difference where it is had especially with your diagnosis. That hasn't been true in my experience. All the subu...
by staythecourse
Fri Oct 17, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: How to wrap my head around downsizing my home?
Replies: 47
Views: 3541

Re: "The best response to market volatility"

Just an invitation and rationalization for a typical self destructive panic sale - albeit not the full on "I'm out"? I mean if you're 70:30 and you decide today after losing 5-6% that you'd like to be 50:50 after all, you'd sell to get there.I'd say the time to "ask yourself" wh...
by staythecourse
Fri Oct 17, 2014 11:56 am
 
Forum: Investing - Theory, News & General
Topic: "The best response to market volatility"
Replies: 27
Views: 3326

Re: How to wrap my head around downsizing my home?

Before I make any changes I would sincerely ask your hematologist if ANY of these changes are even warranted (sorry did not see if you mentioned this previously). My hem/onc estimates that if I keep my counts well controlled my risk of a thrombotic event is about 2X an age-matched control. This is ...
by staythecourse
Fri Oct 17, 2014 10:02 am
 
Forum: Personal Consumer Issues
Topic: How to wrap my head around downsizing my home?
Replies: 47
Views: 3541

Re: How did you get from $1M to $10M

The only reasonable way to do this would be to save A LOT more then you are. Saving 5 digits a year is not going to cut it. That will get you that number in 30 years when that 10 million is no longer worth 10 million. I would aim to save 200k+ at least per year for the next 10-20 years. You will lik...
by staythecourse
Thu Oct 16, 2014 5:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4004

Re: Dealing with Volatility

Nobody complains about volatility when things are going up. +1. Amazing that folks never seem to understand this VERY basic concept of volatility. As I describe it to others volatility is a coin with two sides: one is heads (return) and the other is tails (risk). It is the same thing but in differe...
by staythecourse
Thu Oct 16, 2014 10:16 am
 
Forum: Investing - Theory, News & General
Topic: Dealing with Volatility
Replies: 14
Views: 1111

Re: Dealing with Volatility

I believe it is the Milton Friedman or maybe Ben Graham himself who once said (paraphrasing) it is the duty of the long term investor to experience losses in their journey to long term return of stocks. So not only is it normal he felt it so strongly to consider it a duty that goes along with stock ...
by staythecourse
Thu Oct 16, 2014 10:13 am
 
Forum: Investing - Theory, News & General
Topic: Dealing with Volatility
Replies: 14
Views: 1111

Re: How to wrap my head around downsizing my home?

I apologize upfront if this post is too personal or insensitive. I'm a physician and my wife is a hematologist so I have quite a bit of background on your condition. I would not say your condition is one that requires ANY of these drastic moves. What I can tell from taking care engineers and compute...
by staythecourse
Thu Oct 16, 2014 10:10 am
 
Forum: Personal Consumer Issues
Topic: How to wrap my head around downsizing my home?
Replies: 47
Views: 3541

Re: Feeling very fortunate today!

In psychology they would call this rationalization and/or intellectualization. I do agree with a poster above. If this small shift had you reconsider your entire retirement plan I think this is a BIG red flag. I think you need to either work longer, work partime, lower your retirement needs, cut bac...
by staythecourse
Wed Oct 15, 2014 7:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Feeling very fortunate today!
Replies: 52
Views: 6047

Re: investing in bear market

Why does it matter if the market is up or down? If you have a 60/40 allocation then there must have been a reason you chose that. If the market was up 20% or down 20% shouldn't change that. Sometimes I really do think good intentioned folks would do better just not thinking and just be a robot each ...
by staythecourse
Wed Oct 15, 2014 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing in bear market
Replies: 29
Views: 2240

Re: Headed for a 300+ point loss today?

I do agree the best is to look at the possibility of dollars one can lose on a downswing. I will add to that it is not just about the amount of dollars, but WHEN you need those dollars. If I lost 500k and didn't need that money for 20+ years I still think it is no big deal. If I lost 100k and needed...
by staythecourse
Wed Oct 15, 2014 10:33 am
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28329

Re: Recent statistics of college majors

Great link. The first few sentences sum up what I have been preaching for years. It is NOT where you go to school, but what field you go into that determines how much you make. This presentation seems to be heavily in favor of STEM and specific pro-engineering. Did I just miss the health care fields...
by staythecourse
Wed Oct 15, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Recent statistics of college majors
Replies: 35
Views: 2642

Re: Headed for a 300+ point loss today?

I'll say the same thing I always say, "Who cares?". If you aren't needing the money now or tomorrow why do you care what Mr. Market says? Besides why do so many folks watch the markets on a day to day basis? If we know the market goes up and down for no reason in the short term then why do...
by staythecourse
Wed Oct 15, 2014 10:11 am
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28329

Re: Offered Cash Balance Plan - RED FLAGS? (physician)

No offense and not to be cynical, but don't think it matters what you or your wife think. If she works for a big employer it ONLY matters how seducible the one calling the shots in HR or on the benefits committee is to the financial advisors pitching the product. If you have questions/ reservations ...
by staythecourse
Tue Oct 14, 2014 3:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Offered Cash Balance Plan - RED FLAGS? (physician)
Replies: 16
Views: 857

Re: the importance of asset allocation

Asset allocation determines the expected risk and return of a portfolio. David Swensen, Yale University CIO, and author of the excellent investment book "Unconventional Success", has written some excellent advice on this subject. He has noted that asset allocation is responsible for 90% o...
by staythecourse
Tue Oct 14, 2014 12:19 pm
 
Forum: Investing - Theory, News & General
Topic: the importance of asset allocation
Replies: 16
Views: 1474

Re: Bill Sharpe on the 4% SWR rule (he thinks it's silly)

Browser Sharpe is clearly correct, it's not set it and forget it. That's why one IMO should on regular basis rerun MCS to help you determine the right withdrawal rate based on current valuations Larry I am not sure that is the best way either. Not sure why folks are having a hard problem with withd...
by staythecourse
Tue Oct 14, 2014 12:13 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Sharpe on the 4% SWR rule (he thinks it's silly)
Replies: 51
Views: 4601

Re: Bill Sharpe on the 4% SWR rule (he thinks it's silly)

Oh dear god. Does it take a genius to figure this out? I have been saying the same things for YEARS (many times on this same site) and now that Bill Sharpe says it folks start thinking, "I guess that makes sense". This is a perfect example of what I wrote on another thread. Folks need to s...
by staythecourse
Mon Oct 13, 2014 9:09 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Sharpe on the 4% SWR rule (he thinks it's silly)
Replies: 51
Views: 4601

Re: Why not 100% Stocks?

I love how much belittling I get on this message board. I got a few genuine pieces of advice. Thank you for those. My post seems to be more the butt of jokes. I don't take it personally, but I wish the criticisms has more constructive input. I guess my take away from them should be its too much ris...
by staythecourse
Mon Oct 13, 2014 7:52 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20326

Re: When people put all their eggs in the wrong basket

People seem to have a rather variable definition of a "basket". If someone knows what he is doing and knows the stocks he owns as well as his children if not better, I wouldn't call someone whose portfolio consisted of 10 individual stocks crazy by any measure, but 1-2 is just plain stupi...
by staythecourse
Mon Oct 13, 2014 7:45 pm
 
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 215
Views: 20384

Re: Who should regularly contribute to taxable investments?

If your monthly income well exceeds your expenses and your ability to stash investment dollars away in tax deferred spaces, regular monthly investments into a taxable personal account is a great idea. If you're doing this I suggest TSM as the vehicle of choice because: 1. It is very tax efficient (...
by staythecourse
Mon Oct 13, 2014 4:27 pm
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3537

Re: Gold: Is now the time?

I have no idea why someone would buy just gold instead of a diversified basket of commodities. Holding a small allocation to Collaterallized Commodity Futures (about 5%-10% of your equity allocation) can add diversification to a stock/bond portfolio, and will allow you to take on more duration risk...
by staythecourse
Mon Oct 13, 2014 4:13 pm
 
Forum: Investing - Theory, News & General
Topic: Gold: Is now the time?
Replies: 36
Views: 2294

Re: Gold: Is now the time?

The thing that's the same with gold and CCF is that they are both dead weight as long-term investments. That is utter nonsense. If you don't like an asset class great, but what you claim is not correct. There are time where adding gold to a portfolio produced better returns and/ or risk adjusted re...
by staythecourse
Mon Oct 13, 2014 3:12 pm
 
Forum: Investing - Theory, News & General
Topic: Gold: Is now the time?
Replies: 36
Views: 2294

Re: Sale of house-closing tomorrow, buyer is backing out

Sorry to hear it. Amazing how some folks could be so irresponsible. They sign a contract to buy and then change their mind the day before? I am sure his "emotions" did not just start the day before. Either way I agree with others. Take the earnest money and put the limited time you have av...
by staythecourse
Mon Oct 13, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sale of house-closing tomorrow, buyer is backing out
Replies: 60
Views: 5060

Re: Gold: Is now the time?

I have no idea why someone would buy just gold instead of a diversified basket of commodities. Holding a small allocation to Collaterallized Commodity Futures (about 5%-10% of your equity allocation) can add diversification to a stock/bond portfolio, and will allow you to take on more duration risk...
by staythecourse
Mon Oct 13, 2014 12:39 pm
 
Forum: Investing - Theory, News & General
Topic: Gold: Is now the time?
Replies: 36
Views: 2294

Re: Losing money, please advise

For those who get nervous about your investments just imagine if someone came by one day and knocked on your door and offered your 1 million for your 200k house. As you are getting excited the next day he comes by and when you are about to sign he now offers 100k for the same house. You logically as...
by staythecourse
Mon Oct 13, 2014 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Losing money, please advise
Replies: 36
Views: 5009

Re: Gold: Is now the time?

Boy along with politics and religion gold seems to have very visceral reactions to folks. I agree with one of the posters above that it is the DUTY of all responsible investors to read about the benefits, risks, and role of EVERY asset/ subasset before including or excluding it in one's portfolio. I...
by staythecourse
Mon Oct 13, 2014 12:15 pm
 
Forum: Investing - Theory, News & General
Topic: Gold: Is now the time?
Replies: 36
Views: 2294

Re: Who should regularly contribute to taxable investments?

letsgobobby wrote:Anyone with a high income will easily hit all those steps and have money leftover. Their choice is either to spend it, give it away, or save it/invest it, so saving/investing in taxable becomes a default.


For wife and me this is our reason.

Good luck.
by staythecourse
Mon Oct 13, 2014 11:54 am
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3537

Re: Small Moneysavers Which Add Up

Only change the oil in you vehicles once every 10,000 miles or once per year. Huh? And end up with a much larger headache of having to replace the car much earlier because you neglected to maintain it!? I believe consumer reports did an article a while back on the items that aren't true in car main...
by staythecourse
Mon Oct 13, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Small Moneysavers Which Add Up
Replies: 74
Views: 6841

Re: Just read All About Asset Allocation by Mr. Ferri.. Help

This question gets asked often. The answer all depends on how much diversification you want. If you are looking to avoid being a Japanese investor for the last 20 yrs. with all his money in Japanese stocks then TSM and TISM is great. If you want diversification away from market risk then adding TBM ...
by staythecourse
Mon Oct 13, 2014 10:03 am
 
Forum: Investing - Theory, News & General
Topic: Just read All About Asset Allocation by Mr. Ferri.. Help!
Replies: 12
Views: 1344

Re: I'm Chuck and I work at Vanguard and Invest in Active Fu

Dan Solin recommends using a paid advisor only if he/she has a PhD in finance. Interesting. Where does he get his data from? Those guys from Santa Barbara did a well known study showing those who had advanced degrees did worse then those who didn't. Same set of studies showing women did better then...
by staythecourse
Fri Oct 10, 2014 10:15 am
 
Forum: Investing - Theory, News & General
Topic: I'm Chuck and I work at Vanguard and Invest in Active Funds
Replies: 44
Views: 7260

Re: Headed for a 300+ point loss today?

I'll stick to my usual response of who cares? That would be my answer if the market was down 600 points or up 600 points. One should not have money in stocks if they are not ready to ride out the volatility for the possibility of the expected returns sometime in the future. That goes for those in ac...
by staythecourse
Thu Oct 09, 2014 1:47 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28329

Re: I'm Chuck and I work at Vanguard and Invest in Active Fu

More interesting then this (and a bit surprising to me) is that Chuck started at Vanguard in 1998 as a writer with very little to no financial experience and in 15 yrs. or so is a senior financial analyst. I would have thought these folks giving advice were brought in with a financial background fro...
by staythecourse
Wed Oct 08, 2014 5:43 pm
 
Forum: Investing - Theory, News & General
Topic: I'm Chuck and I work at Vanguard and Invest in Active Funds
Replies: 44
Views: 7260

Re: Getting back into the market

My opinion, If one is scared of investing, but needs to secondary to needing the investments to live off in retirement you have a few options: 1. Pick a single balanced fund and just drop it in there: Wellington vs. Wellesley (pick the one that is low equity) 2. Pick a target retirement fund that ha...
by staythecourse
Wed Oct 08, 2014 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting back into the market
Replies: 32
Views: 3630

Re: Things that you will not spend money on and most people

I'll be the dissenter and ask what the purpose of this thread is? The idea of saving money is for future gratification. If one is saving and not planning in spending it in the future then what good is it? So why does it matter if you do or don't spend money on stuff now or later? Or is everyone on t...
by staythecourse
Wed Oct 08, 2014 5:03 pm
 
Forum: Personal Consumer Issues
Topic: Things that you will not spend money on and most people do?
Replies: 78
Views: 3997

Re: When people put all their eggs in the wrong basket

One should never be happy at others misfortune, but some of those comments I think are SO IMPORTANT they should be stickied and put on every companies website more often then we see the cautionary tag on mattress that say "Do not remove"!! I love saying that most stuff does not matter with...
by staythecourse
Tue Oct 07, 2014 9:10 pm
 
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 215
Views: 20384
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