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Re: Talking Salary Tomorrow - HELP!

As I am getting older I think it is ridiculous that folks have to make a "pitch" for a better salary. The ultimate policy in life is that of supply and demand. If it was me I would just talk about what you have brought the company and see if there is room for an increase in salary to a hig...
by staythecourse
Tue Mar 03, 2015 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 12
Views: 1462

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

I must be in the rare minority as I never liked his book. Too much selection bias in aggregating his data. I will say something like this always causes pause and reflection of the point of saving and investing. Save too much and don't get to enjoy it if you die young or save too little and die poor ...
by staythecourse
Tue Mar 03, 2015 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 53
Views: 7110

Re: Taylor Larimore Honored

Congrats Taylor. I am starting to think that beer commercial regarding the "Most interesting man in the world" may be referring to Taylor. A paratrooper, Government man, sailor, author, investor, husband, father, grandfather, and all around well intentioned contributor to many folks lives....
by staythecourse
Tue Mar 03, 2015 9:09 am
 
Forum: Investing - Theory, News & General
Topic: Taylor Larimore Honored
Replies: 43
Views: 2988

Re: Understanding correlations and return

I'm no expert so hope others will correct me, but my answers would be; 1. The lower the correlation the closer the Geometric mean will be to the Arithmetic mean, i.e. decrease the variance drag. Since the equation is: ArMean=Geomean/Variance the lower the variance the higher the geomean will be. 2. ...
by staythecourse
Mon Mar 02, 2015 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: Understanding correlations and return
Replies: 10
Views: 560

Re: Dividends and Market Slides

Do dividend paying stocks provide any measure of protection in a market downturn? The dividend yield is relatively low, but at least it's there. Does that provide any cushioning effect? Also, does the fact that many of the dividend paying companies tend to put them in the value category? If so, val...
by staythecourse
Sun Mar 01, 2015 10:51 am
 
Forum: Investing - Theory, News & General
Topic: Dividends and Market Slides
Replies: 48
Views: 2428

Re: Genes explain 33% variation of savings & 25% of risk tak

Even if true I will put this in the category of "who cares?" Even if true that means a MAJORITY of differences in saving and risk taking is NOT due to genes (67% vs. 75% respectively). The only use of this info. is if the evidence showed it was mostly nature then it would imply that this s...
by staythecourse
Sat Feb 28, 2015 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Genes explain 33% variation of savings & 25% of risk taking
Replies: 3
Views: 428

Re: How to Invest in Gold

To the OP, it is unfortunate but even good intentioned posters on this site have some dogmatic views on subjects. Gold around here is like religion and politics it somehow breeds contempt. Personally, I invest in gold as part of a diversified portfolio. As ANY asset/ subasset it has it's adv. and di...
by staythecourse
Fri Feb 27, 2015 11:04 pm
 
Forum: Investing - Theory, News & General
Topic: How to Invest in Gold
Replies: 67
Views: 3676

Re: International is disappointing

S&p 500 is disappointing. It underperformed international by 50% between 2003-2007. If you have a diversified portfolio, something will always be underperforming. 100% agree. As Mr. Gibson says in "Asset Allocation" to the effect to be truly diversified means always being unhappy. Eve...
by staythecourse
Fri Feb 27, 2015 3:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: International is disappointing
Replies: 72
Views: 4468

Re: Opening a 529 - in own name or kid?

Why would anyone put their kid as owner of the 529 plan? One of the big advantages of 529 plans is for parents to feel comfortable putting money away in an account dedicated to their kid's future education and know that said child can not just decide not to go to college and use the money to buy a c...
by staythecourse
Fri Feb 27, 2015 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opening a 529 - in own name or kid?
Replies: 8
Views: 701

Re: physicians [Frustrated, considering early retirement]

Is it fair to say he received 50% more in salary from working 25% more - I say yes. In this example with the extra 25% work one is making not 50% NET of taxes. They are making at most: 67k more (-33%federal) that, of course, is being generous as one has not subtracted: State taxes, medicare taxes+ ...
by staythecourse
Thu Feb 26, 2015 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8782

Re: physicians [Frustrated, considering early retirement]

Regarding full time and part time I think Emergdoc points out a very important aspect that doctors and other high income professionals fail to realize. He mentions several times that it is MUCH better to work part time for more years then full time for less years. I don't think doctors seem to get t...
by staythecourse
Thu Feb 26, 2015 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8782

Re: physicians [Frustrated, considering early retirement]

friends doing better financially outside of medicine? either on wall street (working >60 hour weeks and miserable/stressed but living very large), in high level sales and traveling all the time, or pick whatever job, there will be trade offs. some of the happiest people I know do not make much mone...
by staythecourse
Wed Feb 25, 2015 11:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8782

Re: physicians

Nothing helps me appreciate my clinical job as much as my other job. Outside of medicine, I have to really bust my butt to make a six figure salary. Inside of medicine, I just have to show up and not kill anyone for 28 hours a week and these gigantic deposits show up in my checking account every mo...
by staythecourse
Wed Feb 25, 2015 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8782

Re: Lucky, Now what?

No offense, but think the biggest mistake you made was not planning in advance. It looks like you could have retired A LOT earlier then now. It seems you have a lot of material wants to play with which is fine, but if you planned ahead of time you could have been enjoying all of those wants for the ...
by staythecourse
Wed Feb 25, 2015 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lucky, Now what?
Replies: 13
Views: 1513

Re: physicians

I think one has to realize, just like with investing and discussing risk, there will ALWAYS be negatives in any job. Look at the poster above who describes the same complaints from physicians and teachers. They are often on two ends of the spectrum. Many physicians are private and set their own rule...
by staythecourse
Wed Feb 25, 2015 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8782

Re: Vanguard Wellesley Income Fund a Buy?

Jerry55 wrote: It's not a "Shoot for the Stars" fund, but in retirement, I'm happy with 7-9% returns. +1 Wow I am in the accumulation phase and with high equities and would LOVE to have 7% returns over the next decade. I, personally, would be much more conservative in my expectations from...
by staythecourse
Mon Feb 23, 2015 11:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellesley Income Fund a Buy?
Replies: 37
Views: 3540

Re: Asset Allocation me+spouse w/ different risk tolerance

This falls in the category for "who cares?" It doesn't matter. Pick anything from 70/30 to 100/0 and you won't see much difference that will make or break your future 20 or 30 yrs. from now. I can GAURANTEE you will lose more money then the difference between your asset allocation choices ...
by staythecourse
Mon Feb 23, 2015 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation me+spouse w/ different risk tolerance
Replies: 19
Views: 1321

Re: Question about medical insurance pre-approval

Trying to predict PA judgements with insurance is like trying to predict the weather or interest rate changes... is varies A LOT. The easiest and best thing to do is let their office submit for a PA and see what happens. IF you get denied you will get a letter stating why it was denied and give a ch...
by staythecourse
Mon Feb 23, 2015 12:51 pm
 
Forum: Personal Consumer Issues
Topic: Question about medical insurance pre-approval
Replies: 3
Views: 330

Re: The challenges of staying the course...

OP, There is nothing wrong with using a OP if you realize for every middle man in life you have to pay them a cut out of your profits. No difference then paying a CPA to do your taxes or a mechanic to change your oil vs. doing them yourself. Just make sure you are not just "happy" with the...
by staythecourse
Mon Feb 23, 2015 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: The challenges of staying the course...
Replies: 66
Views: 5210

Re: Advice for how to help a grieving FIL with daily finance

Should me or my wife be made power of attorney, or otherwise try to obtain some legal authority to make transactions on his accounts? We very much want to be able to tell him "don't worry" about anything financial or about bills getting paid, and just take care of it all My question back ...
by staythecourse
Mon Feb 23, 2015 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice for how to help a grieving FIL with daily finances
Replies: 16
Views: 1632

Re: Risk--Again. The common stepping stone

I do appreciate the effort of trying to agree on what risk means, but would say it is a fools errand. Risk is different for each person as each person's personal cicrumstances change. Just take the supposed riskless asset: T-bills. Are they riskless? I would say it depends. Let's take two folks inve...
by staythecourse
Mon Feb 23, 2015 11:03 am
 
Forum: Investing - Theory, News & General
Topic: Risk--Again. The common stepping stone
Replies: 57
Views: 3221

Re: Convincing a novice index funds are superior

If someone doesn't have time to research, and educate themselves on their financial future, then I'm not sure I'd spend the 20 minutes talking to them. People have to put in the time on their own and make their own decisions. Only after someone has put in the time and effort, and still have questio...
by staythecourse
Sun Feb 22, 2015 6:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convincing a novice index funds are superior
Replies: 26
Views: 2362

Re: Creating Net Worth Line Graph

Nothing to add, but wanted to know how one gets the significant other to actually sit down and be willing to listen to a "State of the Household" address (BTW I love that description)? Whenever I start talking finance my wife just wants to know we aren't broke. No matter what I tell her nu...
by staythecourse
Sat Feb 21, 2015 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Creating Net Worth Line Graph
Replies: 21
Views: 2288

Re: Commiting NEW cash to market

I think the data shows it usually is better if one lump sums vs. DCA, but there are times that it does not. If one's asset allocation is high in equities it would make sense to lump sum if one's time horizon is decades long (10-20+ yrs). Now the one caveat I will say is all the data and studies does...
by staythecourse
Sat Feb 21, 2015 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Commiting NEW cash to market
Replies: 31
Views: 2107

Re: A case for long term government bonds

What I am really unclear on is how likely the payments from the bond fund are to decrease?I am unclear on how such a long term fund would act in terms of payments. That is easy put yourself in the Feds position. If the market is tanking it is more then likely the economy is and has been tanking as ...
by staythecourse
Fri Feb 20, 2015 10:33 pm
 
Forum: Investing - Theory, News & General
Topic: A case for long term government bonds
Replies: 40
Views: 3101

Re: Should you always/usually go with the lower expense rati

Question: When should you consider funds other than indexes? It all reverts to the mean so should you stick with index funds and call it a day? There will always be some active funds that outperform. That is not really the question the regular Joe (me and you) should be asking. What you should be a...
by staythecourse
Fri Feb 20, 2015 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should you always/usually go with the lower expense ratio?
Replies: 20
Views: 1182

Re: End of Life for a Friend of Mine....a couple weeks ago..

No person should have to consider suicide - assisted or otherwise - because they so fear pain and helplessness during their final days. You would think it should be so simple no? The patient does not want to suffer. The family does not want their loved one to suffer. The physicians don't want their...
by staythecourse
Fri Feb 20, 2015 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: End of Life for a Friend of Mine....a couple weeks ago....
Replies: 41
Views: 4395

Re: End of Life for a Friend of Mine....a couple weeks ago..

Please do not confuse hospice with assisted suicide. As a physician, I can tell you this is one of the BIG obstacles preventing more use of this service for many in need. Too many folks think they are signing their loved on up for assisted suicide by using hospice thus rejecting it without serious c...
by staythecourse
Fri Feb 20, 2015 9:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: End of Life for a Friend of Mine....a couple weeks ago....
Replies: 41
Views: 4395

Re: Rebalancing, risks, and bear market implications

Am I missing something? What is new in this thread? Many of these issues have already been hashed out years ago. For example, Mr. Swedroe for sometime has discussed rebalancing in or near retirement only in one direction. Meaning if stocks outperform take the excess and buy more bonds, but not vice ...
by staythecourse
Fri Feb 20, 2015 2:37 pm
 
Forum: Investing - Theory, News & General
Topic: Rebalancing, risks, and bear market implications
Replies: 6
Views: 684

Re: Eek - I was terminated!! Quick Questions

Head of Household of a depended child where you just lost a job with no guarantee of not losing the new job with zero EF with fixed debts is a terrible combination. I would choose liquidity in your situation and take that money and put it in the bank as an EF. Not to tar and feather you, but this is...
by staythecourse
Thu Feb 19, 2015 1:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Eek - I was terminated!! Quick Questions
Replies: 21
Views: 3017

Re: Why Vanguard Total Stock Market isn’t the best fund...fl

This has been asked ad infinitum, i.e. lumping vs. slice/dice. The whole crux of the argument/ debate is in what someone feels is the meaning of the word "diversification". If one believes diversify means to hold all the companies to decrease single company risk then can't do much better t...
by staythecourse
Thu Feb 19, 2015 1:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why Vanguard Total Stock Market isn’t the best fund...fleet
Replies: 5
Views: 1211

Re: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)

Very much disagree. The financial achievement is much better for the lower income person in that scenario. The low income earner is Financially Independent in 17 years, the high earner is FI in about 47 years, given their lifestyles. Not necessarily. Many folks in the high income class are paying a...
by staythecourse
Wed Feb 18, 2015 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)
Replies: 90
Views: 3532

Re: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)

100% agree. I have NO clue why we see so many posts from young investors (<30 yrs. age) asking about asset allocation, yet we see almost NO threads by the same folks asking how to make more money in salary and/ or save more. I am starting to think the "street" has figured out how to con e...
by staythecourse
Wed Feb 18, 2015 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)
Replies: 90
Views: 3532

Re: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)

It is highly unlikely to matter. Those are unlikely to perform significantly differently from each other in a bull, in a bear, or over the long run. Worrying about little details like that isn't a very productive use of your time. At 28 I'd spend more time and effort boosting income and savings rat...
by staythecourse
Wed Feb 18, 2015 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)
Replies: 90
Views: 3532

Re: Why Active Management Fell Off a Cliff

My question would be when was active management ever 1. Consistently on top of the cliff and 2. NOT fallen off the cliff? Back to Jensen's published article in the late 60's looking back at fund returns from the 30's to the 60's he should that the funds that did the best in one period underperformed...
by staythecourse
Wed Feb 18, 2015 12:51 pm
 
Forum: Investing - Theory, News & General
Topic: Why Active Management Fell Off a Cliff
Replies: 6
Views: 1522

Re: Preparing for 2 months incommunicado

I would add to the list of worries how one is going to handle not participating in the next bogleheads forum debate on the role of international investing and/ or should one lump or slice/ dice. Half kidding of course!! :D

Good luck.
by staythecourse
Mon Feb 16, 2015 10:53 pm
 
Forum: Personal Consumer Issues
Topic: Preparing for 2 months incommunicado
Replies: 142
Views: 6339

Re: What 3 MATERIAL things would you take with you?

A leaf, some sand, some grass. I would imagine one would not get to experience touching a leaf, walking on grass, or walking on sand again. This thread makes me love Earth even more then I do already!!

Good luck.
by staythecourse
Mon Feb 16, 2015 1:04 pm
 
Forum: Personal Consumer Issues
Topic: What 3 MATERIAL things would you take with you?
Replies: 34
Views: 1253

Re: Portfolio Advice on underperforming Vanguard Allocation

Bernstein's book is a great place to start; he also thinks like a doctor (because he is one). I wonder if Bernstein would be insulted by that last statement? Why is that? Is there data to support doctor's are worse investors then the general public in any other profession? My assumption is like any...
by staythecourse
Sun Feb 15, 2015 6:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice on underperforming Vanguard Allocation
Replies: 21
Views: 1355

Re: Portfolio Advice on underperforming Vanguard Allocation

I am in a high income industry, so feel comfortable with investing 100% in stocks. I am a bit worried about this viewpoint. Are you sure you are okay with 100% stocks? Here is a checklist to determine if one "can" consider 100% stocks. IF you don't meet each of the below my opinion is you...
by staythecourse
Sun Feb 15, 2015 6:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice on underperforming Vanguard Allocation
Replies: 21
Views: 1355

Re: Keep a balanced portfolio and a balanced mind

I think both you and the author need to crack open Mr. Bogle's "Common Sense" and read about Chance the Gardner. There is NOTHING wrong with having bear markets and losing money in the market it is normal as is the turning of the seasons. The only thing wrong is thinking one should be inve...
by staythecourse
Sun Feb 15, 2015 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Keep a balanced portfolio and a balanced mind
Replies: 3
Views: 571

Re: Buying As Is Home

Something does not make sense to me. If true demand-supply market is presenting itself then why are they even accepting anything less then 100% of asking price if the area is so great that only a few houses available PER YEAR? Either you are not being accurate or the folks selling are getting senile...
by staythecourse
Sun Feb 15, 2015 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Buying As Is Home
Replies: 27
Views: 2011

Re: How to interact with medical establishment

What i am experiencing now may or may not be a side effect of a surgery i had in November (I'm not a doctor; i can't tell!). I told the nurse that i had an appointment scheduled with a specialist in the future, but i did not want to wait that long to discuss my issues with a doctor. That was not go...
by staythecourse
Fri Feb 13, 2015 9:26 pm
 
Forum: Personal Consumer Issues
Topic: How to interact with medical establishment
Replies: 48
Views: 2727

Re: "how to measure risk?"

Myth meet reality.From the point of view of a US investor, who is invested in the global equity market in US dollars, the global portfolio has not gone down and stayed down for an extended period. That same global portfolio has gone down and stayed down for very long periods for investors in severa...
by staythecourse
Fri Feb 13, 2015 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: "how to measure risk?"
Replies: 35
Views: 1829

Re: Seeking alpha is flawed. Ex-ante alpha must be 0.

Not sure how to answer the question, but more simply a question of alpha in the ex post world should be: 1. Was it luck or skill? and 2. How repeatable is alpha anyway? All the data I have seen has shown if anything there is RTM when it comes to alpha so if one shows positive alpha from date x to da...
by staythecourse
Fri Feb 13, 2015 10:01 am
 
Forum: Investing - Theory, News & General
Topic: Seeking alpha is flawed. Ex-ante alpha must be 0.
Replies: 17
Views: 1291

Re: [Challenging my 401k plan]! How should I respond?

However, we are a small company(a group of physicians), and everyone is a shareholder. There is no boss, we all own 1.7% of the company. I'm a physician so feel comfortable saying that is even worse. Our field, especially the older guys were some how brain washed LONG AGO that certain things take a...
by staythecourse
Wed Feb 11, 2015 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Challenging my 401k plan]! How should I respond?
Replies: 29
Views: 2399

Re: Where is John C. Bogle's Presidential Medal of Freedom?

https://petitions.whitehouse.gov/petition/john-c-bogle-should-get-presidential-medal-freedom/tMKz5zyh The above link is the one I signed. It was a peace of cake. Just hit the link. Fill out your name, zip code, and email. Check your email to verify the electronic sig. That's it. No excuses folks!! ...
by staythecourse
Wed Feb 11, 2015 1:09 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: SIGN PETITION FOR Jack Bogle's Presidential Medal of Freedom
Replies: 165
Views: 9239

Re: Wiki - For new investors: The Importance of Saving Early

As one of the many who harps on this OFTEN on this site I wanted to say thanks. Starting early, saving a ton, and staying the course are probably in my view as an amateur investor the MOST important aspects to success for the retail investor.

Good luck.
by staythecourse
Tue Feb 10, 2015 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki - For new investors: The Importance of Saving Early
Replies: 27
Views: 2362

Re: More evidence that we are dopey investors

Just had a sit-down with a co-worker a couple weeks ago to try to explain some concepts without directly saying "do this" or "do that". His first question was, "[Some fund] made more money than any of the others, why wouldn't I want everything in that fund?" To him, it...
by staythecourse
Tue Feb 10, 2015 3:56 pm
 
Forum: Investing - Theory, News & General
Topic: More evidence that we are dopey investors
Replies: 19
Views: 2067

Re: A true Boglehead!

Stockpicker? Wall Street Journal? Frugal life, for sure, but a Boglehead? :| Glad he left money to charities when he passed. Good for him. Rest in Peace, sir! Interesting opinion. If one invested in individual stocks for the long term, read the Wall Street journal... are these disqualifications for...
by staythecourse
Wed Feb 04, 2015 8:59 pm
 
Forum: Investing - Theory, News & General
Topic: [Janitor in Vermont leaves millions] A true Boglehead!
Replies: 47
Views: 2987

Re: Bearish Boglehead, is there such a thing?

I don't think being a boglehead is bullish or bearish. It is based on the fact one can not control returns so don't play that game and instead focus on the stuff you can control: Saving, LBYM, lowering/ eliminating debt, asset allocation to control risk, avoiding active management, asset location, m...
by staythecourse
Wed Feb 04, 2015 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: Bearish Boglehead, is there such a thing?
Replies: 45
Views: 3944
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