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There are basically two types of investors one's who invest in PROBABILITIES and those who invest in POSSIBILITIES. The two type of investors differentiate based on logic vs. emotion. Those who invest in PROBABILITIES do it based on logical approach. Since much research has shown stocks in every cou...

Just like in investing many think they can predict the future, but in reality no one can. Control what you can: Where to do you want to live? Which practice seems to be the better fit personality wise? Where can you see yourself growing as a young physician with your skills for the next 5 years or s...

Not to beat a dead horse, but basically you got a surgery done by on out of network physician not knowing what the charges would be, but yet at the end when you got a bill that you were expecting to be a number you knew you would have no clue about you are surprised?? Sounds like the blame is not on...

I must say I have never listened to daily noise not because I don't think the folks talking are not smart, but one fundamental truth that NO ONE can deny that comes up NO MATTER what anyone predicts and that I NO ONE can predict the future. I always give folks a little experiment to prove my point. ...

The folks who should do the best adding EM bonds are those with the highest amount of bonds in the first place in their asset allocation. Diversification of one bonds holding, high volatility and low correlation with U.S. bonds, should maximize diversification return. The catch however is the folks ...

Hope the professionals will correct me, but you need a trust to transfer property to your children if both of you pass away. You can name personal guardians to take care of kids via will and even a backup property manager, but children cannot not one "stuff" beyond a very low limit outrigh...

I am a passive, bogleheads style investor, but must say there are definite uses of a FA, but the industry does not seem to be willing to change and provide the services people actually need. Advisors would be useful for: helping one develop an asset allocation in accordance to their risks, TLH, tax ...

But my point above is not completely made up... Hussman's fund is a very good example of a very common fund phenonomen. He did very well in the first couple of years... Since then he has done absolutely terrible, worse even than a savings account. This is very common in the fund universe. Funds tha...

Mine is <7% of take home pay of my wife and I and must say it feels good not to be tied to a big mortgage if something terrible was too happen to my wife or I. That peace of mind there is no substitute. Not sure if this helps, but I try to remind folks when buying their house NOT to look at the poss...

I will never understand why folks use valuations. Vanguard itself did a paper that looked at a whole bunch of valuations as a forward predictor and the best of the lot was the heralded PE10 which gave a correlation of 0.41. That means using PE10 would have only predicted the direction of the market...

ALthough you do have to consider that it's highly unlikely that a disability policy for a doctor will pay out for that ankle injury long-term. Most MDs can get by just fine with a complete ankle replacement to do their job amply, which is the main criteria at which point disability pays in. You'd h...

I will never understand why folks use valuations. Vanguard itself did a paper that looked at a whole bunch of valuations as a forward predictor and the best of the lot was the heralded PE10 which gave a correlation of 0.41. That means using PE10 would have only predicted the direction of the market ...

he isnt the one giving misinformation. first he never said that anyone would force surgery on someone. He was just rightly pointing out that such an injury isnt as likely to result in a long term situation where a doctor cant perform their job and the insurance will pay out. Its possible but not as...

So we get advertisments all the time in the mail about DI. How to know how to choose a good one? What are the most important factors? Wow the best question asked thus far. Here is what you want as a physician: Own occupation (meaning if you can't do the work you are doing at the time of disability ...

ALthough you do have to consider that it's highly unlikely that a disability policy for a doctor will pay out for that ankle injury long-term. Most MDs can get by just fine with a complete ankle replacement to do their job amply, which is the main criteria at which point disability pays in. You'd h...

I'm a physician so I will speak like one for a second. Smoking and obesity are the two LEADING causes of PREVENTABLE causes of morbidity and mortality in America. In layman's terms that means the are the 2 leading causes that can be prevented that causes sickness and death. As mentioned check to see...

Hmmm... Not sure who is missing the point here, but the OP said this was a "planned charitable contribution." There are several charitable organizations to which I make annual ("planned"?) contributions. I've donated appreciated shares because it happens to be a very efficient w...

I must say I have NEVER understood these "i'll donate to charity for tax reasons"?? If you want to donate to charity do it for philanthropy, BUT not for tax reasons. If you have $1000 dollars and sell at your taxation of 20% of LTCG then you lose $200 and keep $800. If you donate that $10...

You guys speak another language. Makes it tough for the average guy to really get into the forums. Translating the original post into laymens terms, I think he's saying "When considering selling off bonds because of a low expected return, don't forget, one of the reasons you hold bonds is to p...

I'm too lazy to put pen to paper, so my IPS is "Match Asset allocation to VFORX (Target Retirement 2040)" I think that the need for an IPS is less about the "what" and more about the "why". The purpose is to remember the reason why I chose to do what I'm doing so that,...

I will and have hit milestones quickly and must say all it has done is make me more aggressive. I think you've made my point precisely. As your need for risk goes down, why is your appetite for risk going up? As I stated my ability to take risk went up (won't use all my money in my lifetime) and my...

I must say I have NEVER understood these "i'll donate to charity for tax reasons"?? If you want to donate to charity do it for philanthropy, BUT not for tax reasons. If you have $1000 dollars and sell at your taxation of 20% of LTCG then you lose $200 and keep $800. If you donate that $100...

Since I'm only 36 and have a life span of about another 40 some years (20+ before even considering drawing out from the investments) I don't care if they are up, down, or sideways. In the end equities always end up so that is all I care about. I will and have hit milestones quickly and must say all ...

I personally am not impressed with startup folks. I have numerous times made the same analogy that being in a startup situation is like putting all your money into single penny stock (actually it Is even worse then that). Most wouldn't do that in investing so not sure the same folks would do it in t...

I have mentioned numerous times on this site that folks need to read articles and research CAREFULLY and DISSECT them to make sure they even make sense or are representative to an actual investor. This article is a poorly written article. Here is my dissection of the article: 1. The writer makes an ...

Whenever one is talking about mulitple asset class investing the idea is to take adv. of diversification return. The process of adding multiple asset classes together where the risk return profile is better then the calculated weighted averages of the individual assets. David Booth of DFA and others...

This is not true. 100% stocks have had a higher return than mixing in any portion of bonds. Much of the time, but not always. Depends one time period and market performance. http://www.investorsfriend.com/Asset%20Allocation%20Real%20Growth%20Scenarios.htm I've seen studies showing 5% or 10% bond al...

This argument of 100% stocks is argued often on this board so reading some of the other threads may be useful. In my opinion, nothing wrong with 100% stocks. It has the highest expected return. So if your goal is the best chance of producing the most amount of money then this approach is quite reaso...

If you want the safest approach to investing in retirement it is pretty easy. Just divide your portfoio in 2 buckets. Bucket 1 should be the amount you need for 10 yrs. of living expenses. That should be in cash, MM, rolling CD's, annuities, SS, and pension income. Bucket 2 should be an asset alloca...

No relation to bonds, but an interesting quote from the article and view on "how much equity should I hold" which many on here discuss: "The right allocation is having as much equity as possible but never so much that you aren't willing to stay committed to the allocation, including t...

And while it wasn't my intended point, you can also see how a small leak sinks a big ship. The orange line is the Morningstar category average of all intermediate-term corporate bond funds, and over nearly 20 years, it has fallen 19% behind the low-expense Vanguard fund by losing an average of 1% p...

Even though this is a DIY forum I agree there are MANY, MANY DIY investors who would be better off with professionals running the portfolio. Mike Tyson has the BEST line in investing history when he once said something to the effect of, "everyone thinks they have the perfect plan until they get...

Not sure what grabiner does for a living, but must say he is the point person when it comes to accounting/ taxation laws for investments. I must say I don't understand everything he writes (above my head), but must say I for one appreciate all his useful insight!!

Good luck.

Sorry find it funny that the OP wanted to take it out on physicians for isolating themselves from everyone else by the post titles and in the end it had nothing to do with the posters, but the administrators. This is a classic example of confirmation bias at work. The OP noted what he thought the ph...

Have to agree "AAAA" is probably the best single book I have read about investing. That and Mr. Gibson's "Asset Allocation" are all you really need at the intermediate level to understand asset allocation. I love Mr. Ferri's book because he has probably the most original graphs a...

I wouldn't do anymore then 30% (that is just for diversification sake) according to your need to be nearly zero.

If I was you I wouldn't tilt. The negative to tilting outside of higher cost is it may take quite awhile for the increased return to show up (20+ years).

Good luck.

I'm an optometrist, and have been since 1976. There are differences and similarities to medicine, but i certainly empathize with the OPs lament. I've often observed that an MDs identity is very much tied up with his/her being a physician, even after retiring--it's just impossible to let go even if ...

I agree that the big differences are: Liquidy, transparency, geographical diversification, tracking error, higher fees, etc... I would say investing in the actual properties is the purest way to invest and likely has the lowest correlation to paper assets (stocks and bonds). The problem is getting o...

Medicine and law are two nice career choices for decent income. I would agree with Medicine (as I'm in it and can attest), but not so sure of law. I think law is more like a pyramid. A few who do very well and MANY, MANY who don't do very well to justify the cost of law school. Funny thing after ju...

this morning I learned three and possibly four of our ED docs have quit. Two want out of medicine entirely. The other two are disillusioned with our patient population (heavy Medicaid, lots of substance abuse, etc). It's going to take a huge toll on our hospital while they find locums and recruit, ...

No one has described how to come up with the right asset allocation better then Mr. Swedroe's willingness, ability, and need to take risk.

The only hard part is spending the time to figure out the answers to those all important 3 questiosn.

Good luck.

I must say we must be running out of stuff to argue about. EITHER WAY the result is the same TSM has factor loadings of 0 for small and value. One's who disagree should talk to Mr. French and Mr. Fama as they determined the criteria. Nuff said. Now we can move on to the real arguments for or against...

EASILY it is marrying a compatable and financially responsible spouse. No doubt about it. It limits spending, limits arguments, helps one grow faster to the goal of financial independence, AND avoids the BIGGEST financial mistake many face which is divorce.

Good luck.

I have my whole bond component in long term treasury does this count??

BTW, you may be a contrarian, but why take on the extra risk by being 100% bonds??

Good luck.

Excellent thread. Not sure if it belongs on Bogleheads, but is an issue that does not get talked about much. Folks in the field have a "sign of weakness" mentality when discussing such issues and the general public thinks we make money so what are we complaining about. My wife and I are bo...

This is one of the main reasons we want to ER and do something about this situation instead of working until 80 to pay for everyone else. Agreed 100%. Taxes are only going to go up on those working and especially the high income workers. The best thing to do is retire early so the strong lobby grou...

If you're hiring contractors: add 50% to the cost and double the schedule. If you're doing it yourself: add 100% to the cost and triple the schedule. Agree 100%. Just like any other professional it pays to get them to do it vs. DIY. I shudder at the idea of how long it would take to do some of this...

In he middle of our masterbath remodel. Total gut job with switching of plumbing and shower location. Like many things in life the key is to hire the right people You want folks who excel at this type of stuff and not just folks who "can ge it done". I used Angie's List and am thrilled wit...

And if you look at the market in a week long series that "flash crash" won't even show up. A crash based on bad information or programmatic trades is just part of the background noise that should be ignored. Absolutely agree. Surprised I have seen this many comments about this. The just p...

I wrote in your last post about this same point the other way around. If the WORST situation happend it isn't like your portfolio is going to take much of a beating from 90/10 to 85/15. That means probably a 2.5% change in your portfolio value in the WORST situation. I still don't understand the rea...