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Re: practicing medicine in Texas...

besides Utah what other states do you like for practicing medicine? I'm a physician and not sure you are asking the right questions for moving. I don't think EVERY decision in one's life should be based on what is the best financially. If it was half of us would not have married who we did or has a...
by staythecourse
Sun Apr 20, 2014 3:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: practicing medicine in Texas...
Replies: 38
Views: 2721

Re: Dilemma about legal action for injured child

I would definitely get the opinion of a lawyer as what to do as they have the experience of seeing this play out over and over and over again during their careers. Now, no offense to the lawyers on here, but many will push for litigation as they make money that way. Lawyers do not make money giving ...
by staythecourse
Wed Apr 16, 2014 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dilemma about legal action for injured child
Replies: 17
Views: 1820

Re: Portfolio Volatility is a Big Drag on Returns

I agree with most all you said Stay the Course. So the way I see it, there is the camp of minimize cost at all costs TSM or 3Fund portfolio investors and the pay a bit more slice and dicers. How would you categorize yourself? When things go down the tubes all the correlations go to 1 and the only s...
by staythecourse
Sat Apr 12, 2014 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: Portfolio Volatility is a Big Drag on Returns
Replies: 25
Views: 1880

Re: Portfolio Volatility is a Big Drag on Returns

Random, Agree the goal of any MPTheorist is to decrease the "performance drain" as Lussier calls it in his book. That is the delta between ARIMean and GEOmean. That, of course, is caused by volatility. The best way to decrease volatility of a portfolio (SigmaP) is to decrease the correlati...
by staythecourse
Sat Apr 12, 2014 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: Portfolio Volatility is a Big Drag on Returns
Replies: 25
Views: 1880

Re: Stock markets in free fall?

Can't speak for others, but being 37 yrs. old I hope the market is down for the next 20 yrs. An accumulator job is to accumulate SHARES and NOT balances on your account. I could care less what my balance is or what the market does, but if I have a choice it is to accumulate during a rough few decad...
by staythecourse
Sat Apr 12, 2014 11:41 am
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 6564

Re: Stock markets in free fall?

Can't speak for others, but being 37 yrs. old I hope the market is down for the next 20 yrs. An accumulator job is to accumulate SHARES and NOT balances on your account. I could care less what my balance is or what the market does, but if I have a choice it is to accumulate during a rough few decade...
by staythecourse
Sat Apr 12, 2014 9:18 am
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 6564

Re: "Why do investors make bad choices?"

I'm beginning to think the most astute thing ever said about investing is something I've heard Bogle say a couple times (not sure if it's his phrase or if he's quoting someone else): The markets are a giant distraction to the business of investing. Many of the behavioral "errors" seem lin...
by staythecourse
Thu Apr 10, 2014 9:10 pm
 
Forum: Investing - Theory, News & General
Topic: "Why do investors make bad choices?"
Replies: 23
Views: 1623

Re: What next after you have enough sort of.

I am much younger then the other folks commenting on this so take it with a grain of salt. I would accept that no plan you decide will work in a vacuum. No plan is perfect as no one knows what type of extreme events in the future will change your needs. I would guard against the worst which in inves...
by staythecourse
Thu Apr 10, 2014 7:16 pm
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3379

Re: Favorite Investing Book?

The easy: Jack Bogle's edition to the Little Book series and Allan Roth's "How a second grader beat wall street..." The intermediate: "IAA" by dr. Bernstein and "AAAA" Mr. Ferri The advanced: Mr. Gibson's "Asset allocation" and Mr. Lussier's book (WAY over my ...
by staythecourse
Wed Apr 09, 2014 5:37 pm
 
Forum: Investing - Theory, News & General
Topic: Favorite Investing Book?
Replies: 42
Views: 3272

Re: "Why do investors make bad choices?"

I have always wondered why folks read more and more of these behavioral books. Once you know the basics it isn't like reading it more often prevents you from making the mistake. Is there any studies refuting that? It is interesting to know the terms that explain why we do what we do, but if it doesn...
by staythecourse
Wed Apr 09, 2014 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: "Why do investors make bad choices?"
Replies: 23
Views: 1623

Re: The case against small cap value

Boy, the thread started not to tilt then ended up okay let's tilt. Either way let me throw my two cents in. Don't assume those who tilt are avid SCV fanatics. If they were they would be 100% SCV. I think most on here who do tilt, they might not even be aware of why, do it to crease a poor mans equal...
by staythecourse
Wed Apr 09, 2014 5:09 pm
 
Forum: Investing - Theory, News & General
Topic: The case against small cap value
Replies: 53
Views: 5147

Re: I saw a "Boglehead" on my flight yesterday!

Ice-9 wrote:Wow, I'm genuinely impressed. I've never seen another Boglehead in the wild!


I agree. I have looked and the closest I have gotten is folks who collect bobblehead dolls!!

I think the only thing more rare then alpha is finding a boglehead!

Good luck.
by staythecourse
Tue Apr 08, 2014 10:22 am
 
Forum: Local Chapters and Bogleheads Community
Topic: I saw a "Boglehead" on my flight yesterday!
Replies: 65
Views: 7645

Re: Is Alpha Dead?

If God had meant for us to have alpha, he wouldn't have given us smart beta. :wink: I agree. Active managment has become more clever now then ever. It is often hard to figure out what is active management vs. passive. Being an index investor does not mean you are passive anymore. Many indexes are a...
by staythecourse
Tue Apr 08, 2014 10:20 am
 
Forum: Investing - Theory, News & General
Topic: Is Alpha Dead?
Replies: 38
Views: 2241

Re: Market falling emotions

Taylor Larimore wrote:The S&P 500 Index was under 20 when I started investing. It is now 1845 (not counting dividends).


Sometimes I forget how lucky we are that we have someone without that much personal knowledge of the history of the market!! What I read in books Taylor has actually lived through.

Good luck.
by staythecourse
Mon Apr 07, 2014 9:02 pm
 
Forum: Investing - Theory, News & General
Topic: Market falling emotions
Replies: 31
Views: 2180

Re: Why Americans are Retiring Overseas

You do realize that this is a puff piece for a company pushing overseas retirement? Do you really not believe It is a real option for many? My opinion/ prediction this will be a natural alternative to the upcoming situation for many americans. Many folks do not have adequate retirement savings. For...
by staythecourse
Mon Apr 07, 2014 8:53 pm
 
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 9030

Re: Advice on negotiating price of home?

I would definitely run comps as it will be easier for you and the seller to have objective data to discuss price differences. Remind the seller now that you are doing direct buyer to seller with no real estate agent they are saving ?5-6% on the final sale price not paying commission. So they either ...
by staythecourse
Mon Apr 07, 2014 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice on negotiating price of home?
Replies: 14
Views: 1138

Re: Starting a Taxable Investment Account

I would agree to full fund your 401k. The reason is simply the number of folks going forward who will retire at one job is a VERY small % of the population. All you are doing by funding your 401k is preparing to fund your IRA at Vanguard in the future. When you change jobs you get to rollover that 4...
by staythecourse
Mon Apr 07, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Starting a Taxable Investment Account
Replies: 18
Views: 1450

Re: Preparing for the time to "fill-up the Bucket"

I've always been a big advocator for the different bucket approach. Here is how I would do it: Bucket 1: 5-10 yrs. of living expenses. MM, cash, CD, ibonds, short term bonds (1-2 yrs), SPIA, pension, Social security. Bucket 2: As much stocks as one can stomach that are diversified. Now how I would d...
by staythecourse
Mon Apr 07, 2014 10:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for the time to "fill-up the Bucket"
Replies: 10
Views: 1764

Re: Anyone else very reluctant to buy right now?

Aptenodytes wrote: You build new habits through repetition.


Agreed 100%. I remember my old high school baseball coach used to say that and he was right. Habits can be good or bad and are taught on repetition. Doing it over and over again.

Good luck.
by staythecourse
Mon Apr 07, 2014 10:29 am
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 12130

Re: Mark Hulbert's WSJ article

Good article, but not sure where the implication that gold is for rising interest rates comes from? A crisis hedge... yes. A currency hedge...yes. Inflation hedge... arguable (and no in my opinion). A hedge for rising interest rates... never heard that argument.

Good luck.
by staythecourse
Sun Apr 06, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mark Hulbert's WSJ article
Replies: 5
Views: 1010

Re: Are we saving too much or too litte?

Not sure if your student loan is federal loan? If it is I believe (hope others will correct me if I am wrong) that it will be reduced from your social security to pay it off.

So I would definitely be cognizant of that.

Good luck.
by staythecourse
Sun Apr 06, 2014 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Are we saving too much or too litte?
Replies: 28
Views: 2856

Re: Getting a sense of scale of returns during bull/bear

Good question. Ken Fischer in his excellent book, something like, "Markets never forget, but people do" looked at the U.S. market back to ?1899 or so (DJ). Interestingly, he wrote during that time the market is: >20% a third of the time, 0-20% at third of the time, and <0% a third of the t...
by staythecourse
Sun Apr 06, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: Getting a sense of scale of returns during bull/bear
Replies: 4
Views: 354

Re: How are you preparing for the coming bear market

The easy answer is to always have some money liquid as I do not want to sell in a bear market if emergencies happen (which with Murphys law dictates seems to happen at the worst possible time). The only thing is not so much preparation, but hoping I'm in a recession proof job so I can take advantage...
by staythecourse
Sat Apr 05, 2014 3:41 pm
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7851

Re: John Bogle, Index Icon, Accused of Timing Market

IIRC, Mr. Bogle's recommendation of increasing corporate bond exposure was based on two factors. The first was that the percentage of corporate versus Government holdings in the TBM index had become skewed to Government bonds based on the Fed's zero interest rate policy activities. The second was t...
by staythecourse
Sat Apr 05, 2014 11:19 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle, Index Icon, Accused of Timing Market
Replies: 44
Views: 4970

Re: Investing in Equities, But Avoiding Market Top

At age 60 are you expecting a 25+ time horizon WITHOUT any withdrawals? Equity investing is great when you don't need the money during the time frame, but withdrawing from that pot at the same time can spell disaster if you get a bad sequence of returns. My advice for those near retirement or in sho...
by staythecourse
Sat Apr 05, 2014 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Equities, But Avoiding Market Top
Replies: 13
Views: 1100

Re: How has a Taleb-esque portolfio done recently?

I don't really get it. If you put 100% of your money in the bank. You missed the investment turmoil. Does that make it a good investment? All he seems to be saying is a 10/90 split is less risky. I'm not really sure that was news. Thanks SP-diceman Kudos and agree 100%. Good luck.
by staythecourse
Sat Apr 05, 2014 11:09 am
 
Forum: Investing - Theory, News & General
Topic: How has a Taleb-esque portolfio done recently?
Replies: 34
Views: 3552

Re: How has a Taleb-esque portolfio done recently?

I don't think a Taleb style portfolio can ever do better then a more heavier equity portfolio over the long term. Equities go up over the long term and fixed income much, much slower. So how would a 10/90 portfolio do better then a 50/50 long term?? It doesn't. If it did why would anyone invest in h...
by staythecourse
Sat Apr 05, 2014 11:08 am
 
Forum: Investing - Theory, News & General
Topic: How has a Taleb-esque portolfio done recently?
Replies: 34
Views: 3552

Re: Interest Rates vs Inflation

I'm sure anything is possible, but would presume interest rates increasing is a monetary policy decision to catch up or prevent high inflation. If a country wants to be successful why would they ever have a policy of higher interest rates then is needed? All it does is increase the cost to borrow at...
by staythecourse
Fri Apr 04, 2014 5:36 pm
 
Forum: Investing - Theory, News & General
Topic: Interest Rates vs Inflation
Replies: 22
Views: 1461

Re: passive versus active

I think we need some operational definitions. Passive investing to me means no active investing. Active investing means one is using either market timing or security selection to outperform the index to which they are investing. The qualities to passive investing that makes it wonderful (not perfect...
by staythecourse
Fri Apr 04, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: passive versus active
Replies: 25
Views: 1221

Re: John Bogle, Index Icon, Accused of Timing Market

Lets be honest... Mr. Bogle did advocate heavier allocation to corporate bonds and thus is market timing by definition. Now in the end, does it matter? As far as I know he is not advocating for extreme allocation shifts. Likely, following his advice or not will not make a difference in the end. I do...
by staythecourse
Fri Apr 04, 2014 10:18 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle, Index Icon, Accused of Timing Market
Replies: 44
Views: 4970

Re: Mayo clinic is the best clinic in America ??

thank you for all feedback--i have done the ERCP ( bile duck repaired ) at stanford but i have new problems at post procedure they dont know whta it is - that is why im going to Mayo i need to hear some one actually been treated there . ERCP does not "repair" the bile duct necessarily. Vi...
by staythecourse
Fri Apr 04, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: Mayo clinic is the best clinic in America ??
Replies: 30
Views: 2766

Re: Bogleheads/Paul Merriman

These are endless argument we have here on bogleheads of total market vs. slice/ dice. The answer to the OP is as long as you are picking low cost indexes that have low tracking error it is easy to figure out which approach is best. Lets take an example: If one is invested in 100% TSM vs. 50/50 TSM/...
by staythecourse
Fri Apr 04, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Bogleheads/Paul Merriman
Replies: 33
Views: 3123

Re: Advice on cell phone plans:

Prudent,
I need long distance and texting. Occasional photos being texted, but that is about it.

Bloom,
Thanks for pointing me in the right direction.
by staythecourse
Wed Apr 02, 2014 9:12 pm
 
Forum: Personal Consumer Issues
Topic: Advice on cell phone plans:
Replies: 5
Views: 901

Re: Putting $ away for children

Just off the top if you want tax advantaged and not have it easily accessible without penalty for their own retirement how about setting up an variable annuity with Vanguard? The costs are low and allow for tax free growth for a long time. I set up one for my daughter when she was born and put some ...
by staythecourse
Wed Apr 02, 2014 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting $ away for children
Replies: 103
Views: 5435

Advice on cell phone plans:

Hi all, I have had a company cell phone for most of my working life, but am about to change jobs where this will no longer be a benefit. My wife is still on her parents plan just due to laziness. I need a family plan for us two. We have an 18 month old so kids on the plan is not an issue now. I don'...
by staythecourse
Wed Apr 02, 2014 2:59 pm
 
Forum: Personal Consumer Issues
Topic: Advice on cell phone plans:
Replies: 5
Views: 901

Re: Setting up money management practice as part time MD

I'm a physician as well. I have thought about doing some free lectures for residents in the area in the future. My suggestion, is email the chief residents for each program near you offering a free lecture/ lecture series. They may be more inclined to listen to you vs. a 10 yr. attending who either ...
by staythecourse
Wed Apr 02, 2014 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Setting up money management practice as part time MD
Replies: 10
Views: 986

Re: Laid off today... TODO list?

1. Activate family health plan on my wife's side (she works, but we were using my plan so far) You might have to wait until their open enrollment period. Between now and then you may have to take COBRA. Best to call HR of your wife's company now. It shouldn't be a problem. Usually you are restricte...
by staythecourse
Wed Apr 02, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 9685

Re: beta is two sided coin, not one sided

Nice post. Thanks.

Question: When stocks are down the most that is also what causes the highest volatility (S.D.) of stocks, no? I thought returns were lowest going forward after a high period of volatility, no?

Thanks in advance.
by staythecourse
Wed Apr 02, 2014 12:04 pm
 
Forum: Investing - Theory, News & General
Topic: beta is two sided coin, not one sided
Replies: 3
Views: 402

Re: Do You Need Commodities in Your Portfolio?

I think the better argument would be do you "need" any one asset class? I am not sure anyone "needs" stocks, bonds, commodities, gold, etc... There have been investors and real folks who have successfully worked and retired with any one of the above components. So if one does not...
by staythecourse
Wed Apr 02, 2014 8:46 am
 
Forum: Investing - Theory, News & General
Topic: Do You Need Commodities in Your Portfolio?
Replies: 23
Views: 1339

Re: Death of co-worker

I have always thought folks underestimate how much control they have in their lives. Stuff happens randomly more then we think. How long we live is one of those items. So what are we to do? Like anything else in life, just like you teach your kids, balance is the most important thing. Being able to ...
by staythecourse
Wed Apr 02, 2014 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9293

Re: Investing for 20-month-old child

You have your child's entire college education covered already in the 529 plan?

If not then that is a place to continue adding.

Good luck.
by staythecourse
Mon Mar 31, 2014 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing for 20-month-old child
Replies: 9
Views: 584

Re: retired at 37?

Just did that. Total comes out to 25x for VTSMX. Saving $75k a year will get $1.9m. This deserves its own thread. The key was the guy invested with regular contributions through the whole "lost decade" and had it peak before his "retirement". He followed the Dr. Bernstein "...
by staythecourse
Sun Mar 30, 2014 7:51 pm
 
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 4934

Re: The Most Critical Investment Decision: Time Horizon

I will say that is ONE of the most important decisions, but even recognizing that does not make investing easy. Do you know when you will die? Do you know when your spouse will die? Do you know if you will be forced into early retirement? Knowing your time horizon is not easy. I'll give you the norm...
by staythecourse
Sun Mar 30, 2014 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: The Most Critical Investment Decision: Time Horizon
Replies: 10
Views: 1829

Re: New 8th Circuit Ruling Striking Down High 401K Fees

I have written on here MULTIPLE times that things will change when folks get closer to retirement and realize they lost significant potential dollars due to high cost plans. This is/ was inevitable. The only question is who the finger of blame gets placed on!!

Good luck.
by staythecourse
Sun Mar 30, 2014 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: [New 8th Circuit Ruling Striking Down High 401K Fees]
Replies: 44
Views: 2489

Re: Lazy portfolios: no returns or risk information

To the OP, I think there is a HUGE misconception and lemming effect on this board in relation to using past data. I hate to incriminate some of our great leaders on this board, but they have been at fault of propagating this. Many on this board quote the SEC disclaimer to the effect past performance...
by staythecourse
Sun Mar 30, 2014 10:52 am
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6642

Re: Frugal Fatigue

Not sure why we see so many of these type of threads? Saving is a means to an end and that end is to make you happier in the future, i.e. delayed gratification. What is should not be is a self imposed prison sentence! You ONLY have an x amount of years on this earth which is not the worst part. The ...
by staythecourse
Sat Mar 29, 2014 1:35 pm
 
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 9816

Re: What makes a boglehead different

But one of my uncles said something a few years back that really resonated with me and is probably a good deal of the *why* I've always felt compelled to save."It isn't a problem if it can be solved with money." I completely agree. Saving is a means to accumulate more money. The purpose o...
by staythecourse
Sat Mar 29, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What makes a boglehead different [Behavior of saving]
Replies: 36
Views: 2454

Re: Were These Investment Advisors Lying or Incompetent?

Sorry if I repeat something as I did not read all the replies. The question one (anyone) needs to ask when they look at active managment is their alpha (through security selection and/ or market timing) going to outweigh costs. That is the evidence they need to show you. Couple of things to keep in ...
by staythecourse
Thu Mar 27, 2014 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Were These Investment Advisors Lying or Incompetent?
Replies: 90
Views: 5896

Re: Ruminatiions on the US bull market

Wow a bull market lasting a long time? That is new, isn't it? No, it is not. Ken Fischer (yeah that one) has a great book called something like "People forget, but markets never do" or something like that where he looks at U.S. history stocks back to the late 1800's. Don't quote me on the ...
by staythecourse
Wed Mar 26, 2014 12:27 am
 
Forum: Investing - Theory, News & General
Topic: Ruminatiions on the US bull market
Replies: 10
Views: 1439

Re: Saving a % of income vs saving a $ amount?

It is like asking Coke or Pepsi. Both are good and if your dry either is better then none.

You are doing great just do the same for the next 30+ yrs. and you will be fine.

Good luck.
by staythecourse
Tue Mar 25, 2014 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving a % of income vs saving a $ amount?
Replies: 23
Views: 3031
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