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Re: Thinking about retiring next year

Honestly if it was me I would wait until the college stuff gets figured out. Find out how much it will cost you depending on where he/ she goes and the extraneous costs. If it was me I would likely work for 1-2 more years until he is well into college just to be sure. Outside of the money issues hav...
by staythecourse
Fri Nov 21, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about retiring next year
Replies: 12
Views: 1014

RE: Need accounant in Chicago

Hi all,

I started a my new self employed gig this year and wanted to know if anyone could PM me some recs. for an accountant who is good with self employed folks. I'm a physician in a sole proprietorship.

Thanks in advance.
by staythecourse
Thu Nov 20, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: RE: Need accounant in Chicago
Replies: 0
Views: 239

Re: how to make money like a billionaire

Investing is made much more complicated then it needs to be if one just remembers the basics: Principal stable investments have low volatility so the expected return should be less. Principal volatile investments have high volatility so the expected return should be more. So how much to put into eac...
by staythecourse
Thu Nov 20, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 109
Views: 8156

Re: What to prepare for first baby due next month?

Have a 2 yr. old and my wife and me are both physicians and we both will EASILY admit being a first time parent is MUCH harder then any year of education or residency training we have had. Here are some thoughts of the top of my head: The best thing you can do is get A LOT of sleep and rest before t...
by staythecourse
Wed Nov 19, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to prepare for first baby due next month?
Replies: 55
Views: 2608

Re: Enough compensation

I can guarantee if they aren't publishing the data it is not because they want to "honor" the privacy of anyone. I think the folks are making a killing, but hope they at least honor the overall blueprint of what Vanguard was built on which is to give a platform of low cost investing. the S...
by staythecourse
Wed Nov 19, 2014 3:05 pm
 
Forum: Investing - Theory, News & General
Topic: [Bill McNabb's] compensation
Replies: 12
Views: 1993

Re: Jack Bogle: expect 7% annualized for the foreseeable fut

There are two important ones:1) Determining your necessary savings rate2) Deciding if a financial portfolio (stocks and bonds) is the best place for your investment fundsWhile no one's retirement should hinge on getting the rate exactly correct, if I didn't feel I could least estimate some kind of ...
by staythecourse
Wed Nov 19, 2014 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: expect 7% annualized for the foreseeable future
Replies: 42
Views: 5967

Re: Jack Bogle: expect 7% annualized for the foreseeable fut

Play football... take what the market gives you and don't chase return in equities or FI. If you want to slice and dice with a bit of SCV, REITS or such fine, but remember the old adage: Bulls will make money, bears will make money... it is the destiny of a pig to go to slaughter. Personally I'll t...
by staythecourse
Wed Nov 19, 2014 9:51 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: expect 7% annualized for the foreseeable future
Replies: 42
Views: 5967

Re: Jack Bogle: expect 7% annualized for the foreseeable fut

Who cares what returns will be or end up? You should care because you future lifestyle depends upon it. Kind of like saying "who cares if the oncoming storm is a mild blow or a category 4 hurricane". :idea: No. My point is you, nor anyone, else can predict what future returns will be so o...
by staythecourse
Wed Nov 19, 2014 9:50 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: expect 7% annualized for the foreseeable future
Replies: 42
Views: 5967

Re: I may not make my retirement goals! What to do?

Easy answer to the question: 1. Work longer, 2. Work part time, 3. Spend less, 4. Star annuitizing, 5. Move. The easiest of the three is spend less. You mentioned your liquid assets. Have you thought about moving to a smaller/ less expensive residence to convert some of that nonliquid net worth into...
by staythecourse
Wed Nov 19, 2014 9:27 am
 
Forum: Investing - Help with Personal Investments
Topic: I may not make my retirement goals! What to do?
Replies: 49
Views: 3321

Re: how to make money like a billionaire

new businesses are very risky but potential for reward is huge, not that I have any experience as I have never owned a business so far, but I am yet to meet a person with net worth of 10M or more who didn't do it through entrepreneurial skills of some sort... Just making sure you realize you are be...
by staythecourse
Wed Nov 19, 2014 9:13 am
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 109
Views: 8156

Re: how to make money like a billionaire

I try to minimize the risk and maximize the return... Do as you want, but I don't care how many articles, books, or interviews are done there is one fundamental rule/ dogma in investing: One's expected return is DIRECTLY proportional to the level of risk one takes. The above comment flies in the fa...
by staythecourse
Wed Nov 19, 2014 12:41 am
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 109
Views: 8156

Re: Jack Bogle: expect 7% annualized for the foreseeable fut

Who cares what returns will be or end up? It is interesting why folks are so enamored on trying to control the one aspect of investing that can't be controlled and that is return. 90% of investing is under the control of the investor, such as: Saving, getting a good education, LBYM, eliminating/ red...
by staythecourse
Tue Nov 18, 2014 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: expect 7% annualized for the foreseeable future
Replies: 42
Views: 5967

Re: 27 yr old reaches $1m net worth [Update: with inheritanc

Interesting enough I think this has become an EXCELLENT article not for its intended "Hey it is easy to get to a million by doing ....", but instead as a great example of what Fox Mulder would say on X-files: "Trust no one". I am a complete cynic so knew from the 1st time this wa...
by staythecourse
Mon Nov 17, 2014 8:27 pm
 
Forum: Investing - Theory, News & General
Topic: 27 yr old reaches $1m net worth [Update: With lies.]
Replies: 56
Views: 10717

Re: Investing in Chocolate? New to all of this.. need help.

The biggest problem of market timing for anything (including futures market for cocoa beans) is that you have to be right TWICE to make significant money. One you have to guess the right time into the investment AND then guess the right time to exit the market all done with high tax efficiency. Even...
by staythecourse
Sun Nov 16, 2014 9:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Chocolate? New to all of this.. need help.
Replies: 23
Views: 2404

Re: 35 yr-old doc needs some wisdom

Another doc here. You are doing fine. You are done training and making a good living with no real present or near term liabilities. It is nice to worry about parents and future family, but since it doesn't seem like a pressing issue I would put it low on the list of priorities. I would pay off the c...
by staythecourse
Sun Nov 16, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 21
Views: 3831

Re: Advise Needed: Unique Situation At workplace

It may be a surprise, but being a jerk as a boss is NOT illegal. EEOC is very specific what they call discrimination, i.e. age, sex, race, religion, etc... Verbal harassment is NOT one of them. BTW, I am not seeing anything I would even break a sweat or a second thought over. The boss may be a jerk,...
by staythecourse
Sun Nov 16, 2014 7:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Unique Situation At workplace
Replies: 28
Views: 3829

Re: Why own International at all?

Questions like this scream recency bias. Easiest way to find out if one is being influenced by recent events is ask if you would be asking the same question if international equities were are up 20%+ for the last several years. My guess is no. Funny how very few want to add MORE to asset when it is ...
by staythecourse
Sun Nov 16, 2014 9:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Why own International at all?
Replies: 45
Views: 3958

Re: Bogleheads, tell me about your 40's?

I was just thinking about this in the car ride into work today. I am 38 and wondering what the next decade has in store. I do agree with the glasses. BTW, anyone else complain how hard it is to read the menus in restaurants nowadays. Either I am older or the print is smaller or the lighting is too d...
by staythecourse
Fri Nov 14, 2014 11:02 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 91
Views: 11258

Re: What if your investable assets rise significantly?

Other then rebalancing I would be asking myself did this change my willingness, ability, or need to take risk. If so then I would make changes to my IPS. IF not, I would say this fits into the category of "who cares?". You returns are 90%+ due to your portfolio policy, i.e. asset allocatio...
by staythecourse
Tue Nov 11, 2014 2:13 pm
 
Forum: Personal Consumer Issues
Topic: What if your investable assets rise significantly?
Replies: 19
Views: 1989

Re: Gold As A Currency Hedge

But from a strictly mean-variance point of view, if an asset class with, say, a zero real return has enough volatility, and that volatility has low correlation with the rest of the portfolio, then a small fixed allocation to it both increases portfolio return and lowers its risk. As long as you rem...
by staythecourse
Tue Nov 11, 2014 2:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gold And Silver As A Currency Hedge?
Replies: 125
Views: 9006

Re: Gold As A Currency Hedge

Like it or not gold is the reserve currency in the world after the dollar. It is not my impression, but the actions of worldwide banks that say it is so. Banks through out the world hoard gold in their vaults. If it was meaningless as a currency hedge why store it which takes up A LOT of space, weig...
by staythecourse
Tue Nov 11, 2014 12:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Gold And Silver As A Currency Hedge?
Replies: 125
Views: 9006

Re: Retiring Parents Set in Risky Ways

I can GAURANTEE they have no respect for you as a financial sounding board. It is just human behavior where folks just do NOT respect the intellect of their children. It doesn't mean your message is wrong just that it won't make a difference to them as it is the messenger and not always the message....
by staythecourse
Mon Nov 10, 2014 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring Parents Set in Risky Ways
Replies: 46
Views: 3881

Re: Trying to get started and have been procrastinating

I would not use any formulas when trying to calculate how much insurance one needs. The only logical approach is to consider if you were dead what financial needs does your family need. Can your wife alone support the household (rent, food, and other essentials)? If so then you still need enough cov...
by staythecourse
Mon Nov 10, 2014 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to get started and have been procrastinating
Replies: 26
Views: 2335

Re: Gathering thoughts vs. Market Timing

I would use the word caution as you go forward in your investing life. Some red flags: 1. Flip flopping to extremes in asset allocation. one day 100% this then 100% that the next day. This either means you have not thought out an asset allocation in advance that is consistent with your willingness, ...
by staythecourse
Mon Nov 10, 2014 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gathering thoughts vs. Market Timing
Replies: 56
Views: 2785

Re: Letting go

Just to be clear I am assuming when you mean he/ she will be the executer of your estate it does NOT mean they will be making any financial decisions before that? If so, then I think it is reasonable if you are comfortable with him/ her as long as they have EXPERIENCE being an executor already. I do...
by staythecourse
Mon Nov 10, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Letting go
Replies: 17
Views: 3123

Re: beware alternative investments

How about: CCF, gold, and TIPS?

Why did the study not look at those alternatives? My assumption as the fine folks of PIMCO did and eliminated all the alternatives that did not jive with their paper.

Good luck.
by staythecourse
Mon Nov 10, 2014 10:25 am
 
Forum: Investing - Theory, News & General
Topic: beware alternative investments
Replies: 6
Views: 1083

Re: Is Roth 401k better even if future tax bracket is lower?

Not sure if mentioned, but there are two advantages of Roth that is quite advantageous over traditional for the HNW individual: 1. No RMD 2. No federal taxes EVER even to the heirs on inheritance. These are issues that should be thought of if you fall in the category of "I am pretty sure I will...
by staythecourse
Sun Nov 09, 2014 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Roth 401k better even if future tax bracket is lower?
Replies: 26
Views: 2831

Re: Bogle: No TIPS/Inflation Bonds

No offense, but why would anyone care what Mr. Bogle holds or does not hold in one's portfolio? He is 85 or so, a multimillionaire, with a lie expectancy of less then 10- 20 yrs. Unless you are the same (which I doubt) then his PERSONAL portfolio should have no influence of your PERSONAL portfolio. ...
by staythecourse
Sun Nov 09, 2014 10:08 am
 
Forum: Investing - Theory, News & General
Topic: Bogle: No TIPS/Inflation Bonds
Replies: 36
Views: 7679

Re: asset allocation question - reason to go > Age in bonds

I still don't feel like there is a good answer to going beyond age in bonds - except to juice returns at a higher risk level. As much as you can read and discuss investing with anyone who will talk or listen or through the many centuries the only constant in theory and logic is: Expected return is ...
by staythecourse
Sat Nov 08, 2014 11:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: asset allocation question - reason to go > Age in bonds
Replies: 22
Views: 2189

Re: Made a huge mistake, need help

My opinion, before doing anything I would start reading about the basics of investing. Investing is like everything else in life it is not difficult if you know what you are doing, but can be impossible to be successful if one is trying to wing it. Here are some excellent books: Basics: Allen Roth's...
by staythecourse
Sat Nov 08, 2014 10:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made a huge mistake, need help
Replies: 50
Views: 9382

Re: How to use Vanguard Portfolio Watch for rebalancing

Man I feel like I had 88 instead of 38. I just do this thing old school. I just make columns on a legal pad for each new month. I just calculate how much and where additional money needs to be added. It takes about 30 minutes one time per month. I sort of like pulling out the old calculator and punc...
by staythecourse
Fri Nov 07, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: How to use Vanguard Portfolio Watch for rebalancing
Replies: 19
Views: 2209

Re: Brother involved with golddigger

Interesting. I agree with starting with a background check for a criminal history. Maybe hire a private eye to see what she is up to when she is not around him. There is no better way to fall out of "love" with someone then finding out they are not being faithful. Continue to discuss with ...
by staythecourse
Fri Nov 07, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Brother involved with golddigger
Replies: 37
Views: 8188

Re: Jack bogle's common sense on mutual funds

Do as you wish,but agree these books are not meant to be read through at high speeds. The idea is to read a little and absorb it for awhile then go back and read some more. Just reading through books like this do not make one a better investor. Reading them, absorbing, thinking, and applying it make...
by staythecourse
Fri Nov 07, 2014 9:46 am
 
Forum: Investing - Theory, News & General
Topic: Jack bogle's common sense on mutual funds
Replies: 15
Views: 2710

Re: What individual stock?

Berkshire Hathaway. While it is considered stock, it is really an investment company which owns a lot of other businesses, and thus gives a somewhat diversified portfolio. Interesting. What do you think the fallout of Mr. Buffett dying in the next 10 yrs. will do to Mr. Market's opinion of the comp...
by staythecourse
Thu Nov 06, 2014 9:42 pm
 
Forum: Investing - Theory, News & General
Topic: What individual stock?
Replies: 20
Views: 1334

Re: What individual stock?

traveler90 wrote:Would need to do more research, but would consider the following:

Exxon
Shell
Statoil
GE


OHH... GE not a bad call.

Good luck.
by staythecourse
Thu Nov 06, 2014 9:35 pm
 
Forum: Investing - Theory, News & General
Topic: What individual stock?
Replies: 20
Views: 1334

Re: What individual stock?

I would choose any of the big oil (Chevron, BP, or exxon). The key would be picking a stock that has the LEAST chance of experiencing single company risk, i.e going bankrupt in the next 10 yrs. One naturally would guess high value, but that is too high of a chance of going bust before the 10 yr. bet...
by staythecourse
Thu Nov 06, 2014 9:25 pm
 
Forum: Investing - Theory, News & General
Topic: What individual stock?
Replies: 20
Views: 1334

Re: 22, I want to be rich, looking for a high reward fund

You are not going to like the answer, but it is true saving is BY FAR the most important. That means more the better. So how do you do it? Get a great education, the highest paying job you like, LBYM, and eliminate/ lower your debt. It isn't sexy and not easy which is why It is easier for the young ...
by staythecourse
Thu Nov 06, 2014 9:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 22, I want to be rich, looking for a high reward fund
Replies: 67
Views: 6130

Re: I have seen the enemy and it is me. Reluctance to inves

One of my grown children is a CPA MBA in finance employed as a financial analyast. He is too wise to make recommendations within the family to dad but he lovingly indicates I have been hopelessly conservative. It may be your son who still has something to learn from good old Dad. You are a great ex...
by staythecourse
Thu Nov 06, 2014 8:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have seen the enemy and it is me. Reluctance to invest
Replies: 29
Views: 3371

Re: A Comforting Fact for Me

Why would you care if the stock and bond market don't tank in the same year? Are you planning on selling out that year? If your time horizon is thus one year why are you in stocks at all? Worrying about any single year when your time horizon is longer then that makes no sense. The only time period I...
by staythecourse
Thu Nov 06, 2014 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: A Comforting Fact for Me
Replies: 6
Views: 1619

Re: Why are people so down on bonds?

Well I agree with a lot of what the other person said in reference to bonds are like any other asset class where you need to see if they have a role in your portfolio. If you are holding fixed income as "dry powder" then I would agree money my be your better bet. It is very liquid with no ...
by staythecourse
Thu Nov 06, 2014 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: Why are people so down on bonds?
Replies: 39
Views: 5967

Re: Why stay in intermediate term bonds?

Tell me why I should? I know to stay the course and all that, but with the threat of rising rates and current low yields.. it is tempting to move to other strategies, such as unconstrained, total return, high yield, MLP, etc. Any statistics to prove this out would be of great help I always find it ...
by staythecourse
Wed Nov 05, 2014 9:17 pm
 
Forum: Investing - Theory, News & General
Topic: Why stay in intermediate term bonds?
Replies: 38
Views: 3688

Re: Planning to Retire at 55

You should be good to go. Folks don't like to talk about it, but one thing that works in your favor is your wife is a bit older then you so your life expectancies will be much closer together. Women DEFINETLY live much longer then men. If you have any hiccups along the way you can just annuitize som...
by staythecourse
Wed Nov 05, 2014 8:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Planning to Retire at 55
Replies: 22
Views: 3423

Re: I have seen the enemy and it is me. Reluctance to inves

I didn't bother reading the rest of the replies as I really don't think it matters. You stated all of your retirement expenses are covered with COLA ridered pensions even BEFORE addition of SS in future for both of you. You stated you have MASSIVE fear of investing. With those two salient points I w...
by staythecourse
Wed Nov 05, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have seen the enemy and it is me. Reluctance to invest
Replies: 29
Views: 3371

Re: Does Jack Bogle really advocate against rebalance?

Hi Browser,

How about a 20/80 with the same parameters?

Thanks.
by staythecourse
Wed Nov 05, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does Jack Bogle really advocate against rebalance?
Replies: 54
Views: 4853

Re: Career Advice for an Unhappy Young Doctor?

I had to help tie someone down and handcuff him at work the other day. He wasn't even a patient (just a family member.) When was the last time Wal-mart staff had to do that? Seems like I do it at least once a month (although usually to patients.) Nothing to add, but got a chuckle out of this one es...
by staythecourse
Wed Nov 05, 2014 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 116
Views: 13257

Re: Oil and or Metals?

As I say to any investor every investor needs to decide what is best for them. I do have a few reservations: 1. If you want stuff that behaves different then stocks and bonds then "sector" plays may not do it. Oil and metal equities are just that equities. The same market risks apply to th...
by staythecourse
Wed Nov 05, 2014 4:33 pm
 
Forum: Investing - Theory, News & General
Topic: Oil and or Metals?
Replies: 19
Views: 1165

Re: Job advice - academic physician career move?

Good career + Great family life >> Great career + Good family life. I have one better: above average career+ Great family life > Great career+ Good family life. It is something that is hard to accept, but one can not have everything in life. It is good you realize making it to the top of anything r...
by staythecourse
Wed Nov 05, 2014 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job advice - academic physician career move?
Replies: 35
Views: 2882

Re: Cash - Throw it on the table!

Not sure if this has been mentioned, but would most likely be useful to mention if one is retired or still working as that will be a factor in folk's need for liquidity.

Good luck.
by staythecourse
Wed Nov 05, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 51
Views: 3734

Re: Does Jack Bogle really advocate against rebalance?

So, let's look at some data then. Starting in 1972 with a mix of 50% TSM / 50% 5-yearTreasury notes, during every time period from 1 year to 29 years, the annualized SD of an unrebalanced portfolio was lower or equal to that of an annually rebalanced portfolio. No benefit in "risk control"...
by staythecourse
Wed Nov 05, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does Jack Bogle really advocate against rebalance?
Replies: 54
Views: 4853

Re: Job advice - academic physician career move?

Count me as another 2 physician family. Unless your goal is to continue to rise up the academic ladder I wouldn't even consider it if the pay COMBINED is about the same. I agree with livesoft unless the pay is 20% MORE there is no point based on finances. There is NO guarantee the work environment w...
by staythecourse
Wed Nov 05, 2014 8:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Job advice - academic physician career move?
Replies: 35
Views: 2882
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