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by staythecourse
Fri May 22, 2015 1:36 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 24
Views: 2169

Re: Bill Gross Thinks the End Is Near

Let's say Mr. Gross is spot on that stock and bond market underperform going forward. So what is an investor to do? That is why I think statements like that are so IDIOTIC. If one does not say what the better option is then just ranting.

Good luck.
by staythecourse
Thu May 21, 2015 9:40 pm
Forum: Investing - Theory, News & General
Topic: What if the US stock market was only 25% of the world by market cap?
Replies: 35
Views: 1907

Re: What if the US stock market was only 25% of the world by market cap?

I actually DO think the US is "special" in that we have a very pro-capitalism, pro-business environment (my opinion I guess) and RELATIVELY decent safeguards in place to protect investors (again, my opinion in terms of transparency, accounting regulations, and the like. relative vs. other...
by staythecourse
Thu May 21, 2015 3:09 pm
Forum: Investing - Theory, News & General
Topic: What if the US stock market was only 25% of the world by market cap?
Replies: 35
Views: 1907

Re: What if the US stock market was only 25% of the world by market cap?

Excellent Question... - Did the US Markets completely melt down Japan Style over a multi-year time horizon (maybe a war or something) or did Foreign Markets skyrocket through the roof? I think regardless I probably wouldn't move past 50/50. I would still be expecting some reversion to the mean unle...
by staythecourse
Wed May 20, 2015 10:12 pm
Forum: Investing - Theory, News & General
Topic: Your Questions for Jack Bogle Q&A @ Bogleheads Conference
Replies: 25
Views: 3380

Re: Your Questions for Jack Bogle Q&A @ Bogleheads Conference

Here is mine:

If you were born on the same date in Japan and grew up as Jack Shingohara, for example, would you still have had the same fervor for home country bias in equity investing as you do as Jack Bogle born and raised in America?
by staythecourse
Mon May 18, 2015 10:27 am
Forum: Personal Consumer Issues
Topic: MDs--Academics or Private Practice?
Replies: 25
Views: 2208

Re: MDs--Academics or Private Practice?

I would encourage you to think about it as employed position versus partnership/ownership opportunities. Excellent post and wanted to highlight the above. In this respect, one has to decide FIRST in their flowchart of how to decide on a job if they want to be what I call a "rank and file physi...
by staythecourse
Sun May 17, 2015 7:18 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 102
Views: 6872

Re: What's so great about simplicity?

The key to investing is staying the course. One should figure out how to set up a portfolio that will allow them to accomplish this goal. For some that is a 2 fund, some 3 fund, some 20 fund, etc... Pick the approach that will get you to adhere to the original plan. We spend WAY too much time talkin...
by staythecourse
Sun May 17, 2015 10:26 am
Forum: Personal Consumer Issues
Topic: MDs--Academics or Private Practice?
Replies: 25
Views: 2208

Re: MDs--Academics or Private Practice?

Not everything in life has to be a bogleheads decision. My advice has always been if one wants to do academics to forfeit the delta in salary vs. private they have to really like 2 out of 3: Clinical work, research, and teaching. If you have a strong affinity for 2 out of 3 then do academics if not ...
by staythecourse
Fri May 15, 2015 11:34 pm
Forum: Investing - Theory, News & General
Topic: Is monthly rebalancing too frequent?
Replies: 38
Views: 2806

Re: Is monthly rebalancing too frequent?

I think there has been NUMEROUS studies done showing no difference in frequent and nonfrequent rebalancing and/ or different bands used. I would think anything more often then every couple of years when something is off by more then 5-10% has no data to support it.

Good luck.
by staythecourse
Fri May 15, 2015 11:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's email "The case for a global portfolio"
Replies: 46
Views: 3997

Re: Vanguard's email "The case for a global portfolio"

I am one who has ALWAYS advocated for a more balanced international equity exposure closer to the world market cap so this argument is nothing new to me and many others who have been advocating the same. The one hesitation I have in jumping on this now seemingly popular bandwagon is the fact interna...
by staythecourse
Thu May 14, 2015 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Too soon to change jobs? Pres/CEO types
Replies: 16
Views: 2103

Re: Too soon to change jobs? Pres/CEO types

I'm not in business so may seem naïve in asking, but is the new job and their corporate culture more or less consistent with promoting from within? Obviously, they are going outside to get someone like you so how consistently do they do that? Do you trust the CEO (personally) that he/ she would have...
by staythecourse
Thu May 14, 2015 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 26
Views: 3740

Re: Selling home - unexpected competition

$799,999.99 b/c consumers are stupid in that way ;) Not as stupid as agents are for not doing this. If anyone who has looked for a house on the internet knows they put price ranges as they do their searches. If you select 700- 799k then their house will show up and if they put it in as 800k it won'...
by staythecourse
Thu May 14, 2015 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 26
Views: 3740

Re: Selling home - unexpected competition

I don't think it matters. It is like the NFL draft. All you need is one team to fall in love with you. If someone likes your upgrades and taste they will fork over the excess and if they don't then it will work as a negative. The problem with waiting is if the other house closes for LESS now you hav...
by staythecourse
Tue May 12, 2015 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Schooling my CPA and getting charged for it!
Replies: 134
Views: 9535

Re: Backdoor Roth: Schooling my CPA and getting charged for it!

I personally, would not pay for it. It is a matter of ethics. One can ONLY charge for what was requested or at least notified in advanced, i.e. "Hey that is interesting, but I need to do my DD and research the topic if I am going to be taking on the liability of doing your tax prep. and this re...
by staythecourse
Tue May 12, 2015 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 130
Views: 14629

Re: much ado about coasting (through life)

[...]I will put my doctor hat on as say being apathetic about life is NOT healthy and don't seeing ANY mental health professional seeing it and not giving it a diagnosis.[...]Good luck. Could you please rephrase. I read it a few times but am unable to comprehend what you said immediately after you ...
by staythecourse
Tue May 12, 2015 8:56 pm
Forum: Investing - Theory, News & General
Topic: If you worry about a correction, you shouldn't own stocks
Replies: 50
Views: 5588

Re: If you worry about a correction, you shouldn't own stocks

I like 50/50 because then I'm never wrong. This is the thinking that make folks terrible investors. Why? if 50/50 keeps you from jumping in and out of the market, it is a very smart asset allocation. Nothing wrong with 50/50. I was referencing (seemingly poorly) that there is nothing wrong with inc...
by staythecourse
Sun May 10, 2015 5:48 pm
Forum: Investing - Theory, News & General
Topic: If you worry about a correction, you shouldn't own stocks
Replies: 50
Views: 5588

Re: If you worry about a correction, you shouldn't own stocks

I like 50/50 because then I'm never wrong. This is the thinking that make folks terrible investors. What is wrong about being in equities and having them hit the skids and losing money? This way of thinking was rebuked by ?Keynes YEARS ago when he commented that it was the DUTY of the equity invest...
by staythecourse
Sun May 10, 2015 9:38 am
Forum: Investing - Theory, News & General
Topic: If you worry about a correction, you shouldn't own stocks
Replies: 50
Views: 5588

Re: If you worry about a correction, you shouldn't own stocks

You take the best 5 money managers on the planet over the last 50 years - the most successful, most consistent, most influential .... and you will likely find 5 completely different beasts doing virtually nothing the sameI'd have to think carefully about my top 5, but off the top of my head I've go...
by staythecourse
Fri May 08, 2015 12:29 pm
Forum: Investing - Theory, News & General
Topic: Round Numbers in Portfolio Allocations
Replies: 49
Views: 2889

Re: Round Numbers in Portfolio Allocations

One of my best advices to Stay the Course is not only to use whole numbers, but EQUAL numbers. If one holds 5 asset classes at 20% each it is less tempting to increase or decrease the asset allocation based on market timing. If one has 12% in something it is too easy to justify, "Well maybe I'l...
by staythecourse
Fri May 08, 2015 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 130
Views: 14629

Re: much ado about coasting (through life)

Sit on the couch for a while. Have a few beers. Contemplate what coasting through life really means. It will sink in after a while that coasting isn't what you want either. I am not sure telling someone who has NO motivation for anything to sit on a couch and have a few beers is great advice. :D To...
by staythecourse
Fri May 08, 2015 11:58 am
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 130
Views: 14629

Re: much ado about coasting (through life)

I am sorry but can't jump on the "coast through life mentality". I don't care if your interest is to work or not work that isn't the point. It is not healthy not to have an interest in SOMETHING. That is just odd and frankly I think a little pathologic. I will put my doctor hat on as say b...
by staythecourse
Thu May 07, 2015 3:28 pm
Forum: Personal Consumer Issues
Topic: buying a new subaru outback
Replies: 25
Views: 2339

Re: buying a new subaru outback

Is it a 1 yr. financing or longer? I just bought a new car and took a 63 month finance for 0.9%. That adds up to a whopping sub 500 dollars over 5 yrs. You can bet I took the financing as putting the difference into the market has a much better chance of making out as a profit over the long run. If ...
by staythecourse
Thu May 07, 2015 12:56 pm
Forum: Local Chapters and Bogleheads Community
Topic: Calling all Docs! Physician Chapter/Interest Group
Replies: 161
Views: 72318

Re: Calling all Docs! Physician Chapter/Interest Group

Emergdoc followed the American spirit of capitalism and started his own site: www.whitecoatinvestor.com. He has a book as well, I think under the same name. He does visit here as a regular as well.


Good luck.
by staythecourse
Thu May 07, 2015 11:40 am
Forum: Investing - Theory, News & General
Topic: Gross: stockbug alert, future investment returns will be miniscule
Replies: 67
Views: 5525

Re: Gross: stockbug alert, future investment returns will be miniscule

This fits in the category of who cares. Who cares what Mr. Gross, Mr. Buffett, Mr. Bogle, or anyone else says. They may be GIANTS in the field, but don't think that means their ability to predict the future is any better then the fortune teller down the street. I remember when Gross said get out of ...
by staythecourse
Thu May 07, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 16994

Re: What job to get to coast to Retirement at age 59 1/2?

I know you are not asking, but agree with others to be mid 40's, single, no kids, and not want to work makes me wonder what you motivates you? "Coasting" is great if you have something to coast TO, but for you it doesn't sound like you have any passions. Just curious what you do all day as...
by staythecourse
Mon May 04, 2015 10:35 am
Forum: Personal Consumer Issues
Topic: How To Find The Best Doctor
Replies: 42
Views: 2853

Re: How To Find The Best Doctor

Sorry if me, TomTX, and every other "Common Joe" as you put it, touched a raw nerve here , staythecourse. Nothing intended for you personally as a doctor, or other medical professional. But, c'mon. Get real. We are talking money. Big bucks. Isn't it common knowledge that, since the legali...
by staythecourse
Sun May 03, 2015 10:08 am
Forum: Personal Consumer Issues
Topic: How To Find The Best Doctor
Replies: 42
Views: 2853

Re: How To Find The Best Doctor

I do routinely check the state website that tells me if doctors have had any malpractice cases or been disciplined. For whatever that's worth. It's not necessarily a vacuous exercise. Good for you. It always amazes me how little patients check up even the little information that is readily availabl...
by staythecourse
Sun May 03, 2015 10:03 am
Forum: Personal Consumer Issues
Topic: How To Find The Best Doctor
Replies: 42
Views: 2853

Re: How To Find The Best Doctor

OP, I don't have a good answer of how to find the best doctor. I will say the MOST important thing is to find a great primary care physician. His/ her job is to be your advocate and help you navigate the much too complicated field of medicine. I have a running joke with everybody having a great prim...
by staythecourse
Sun May 03, 2015 9:50 am
Forum: Personal Consumer Issues
Topic: How To Find The Best Doctor
Replies: 42
Views: 2853

Re: How To Find The Best Doctor

..... If Obstetrician #1 has a 50% C-section rate while Obstetrician #2 has a 10% rate with a similar patient population - it's not hard to see which one tends to cut anytime he has an excuse. Good observation. Actually may or not be a good observation. What if Doctor A (higher C-section rates) has...
by staythecourse
Sun May 03, 2015 9:40 am
Forum: Personal Consumer Issues
Topic: How To Find The Best Doctor
Replies: 42
Views: 2853

Re: How To Find The Best Doctor

I would agree that listening to an RN is not as useful as folks think. That is NOT a derogatory comment. They are NOT doctors so are not the folks to give opinions if a doctor is good or not at their craft. Just like a doctor is NOT a nurse and should not be giving opinions if they are or are not go...
by staythecourse
Sat May 02, 2015 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about buying house process
Replies: 16
Views: 1165

Re: Questions about buying house process

I have nothing useful to say, but congrats. Buying one's first house is a very special moment in your life and as stressful as the process is try to enjoy some of it. There is nothing like moving in and sitting there on the floor eating pizza and unpacking at midnight with your significant other kno...
by staythecourse
Sat May 02, 2015 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: House Next Door for Sale...Kind Of: Ethics Issue?
Replies: 38
Views: 5262

Re: House Next Door for Sale...Kind Of: Ethics Issue?

Yes, my advice is to mind your own business. He does not have to tell you anything. I would have to agree with this one. Unless he is breaking some rules/ laws he can do whatever he wants with his property. If you have any issues of illegal "stuff" happening around the property then you h...
by staythecourse
Fri May 01, 2015 1:30 pm
Forum: Investing - Theory, News & General
Topic: When - and how - to relax about retirement assets?
Replies: 18
Views: 3987

Re: When - and how - to relax about retirement assets?

I think you are asking for TOO much certainty. It is reasonable to be able to figure out if you have enough principal stable assets (SS, DB pension, annuities, IBonds, TIPS, MM, bank accounts, CD's, etc..) to cover yearly expenses. What is NOT reasonable is to figure out if you can get the "ici...
by staythecourse
Tue Apr 28, 2015 10:23 am
Forum: Personal Consumer Issues
Topic: Prepping a house for sale: What are the priorities?
Replies: 33
Views: 2905

Re: Prepping a house for sale: What are the priorities?

The biggest priorty is simply deciding on the sale price. In the end nothing else matters. All the stuff you describe are nice but can be done by ANY handyman for a small fee. It is ultimately the price and location of your house that matters and nothing else. If there is something unusual or specia...
by staythecourse
Tue Apr 28, 2015 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2479

Re: Tax Loss Harvesting: How do you do it in practice?

I invest money every month so I just check the tab at Vanguard that shows where I am running an opportunity to TLH. I decide if it is worth it (I look for times the loss is >3k) and then TLH BEFORE adding the new money for the month. The problem (if you can consider it that) is when one is constantl...
by staythecourse
Mon Apr 27, 2015 9:33 am
Forum: Personal Consumer Issues
Topic: Mother to move closer to family but farther from friends?
Replies: 13
Views: 1412

Re: Mother to move closer to family but farther from friends

After my dad died, my mom moved close to my sibling while my mom was still healthy enough to make new friends, get used to new doctors, a new church, and settle into her new surroundings. Her old friends flew across the country to visit her. Better to move now while healthy with ability to make new...
by staythecourse
Mon Apr 27, 2015 9:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 32
Views: 3310

Re: Vanguard Balanced Index from Cradle to Grave

The thing that's hard for people to accept is that there is a fairly big zoo of portfolios of which it can be said that they are all sane, that there is no way to prove which is best, and even thirty years from now no way to prove whether the highest-returning one was smart or just lucky. I think a...
by staythecourse
Sat Apr 25, 2015 11:23 am
Forum: Personal Consumer Issues
Topic: taking break from computer use - to avoid back pain
Replies: 17
Views: 624

Re: taking break from computer use - to avoid back pain

I would recommend paying attention to how long you can sit before the pain starts. Then bring a kitchen timer and put it on your desk. Set it to go off 10 or so minutes BEFORE the time your pain starts. You will find that just getting up and walking to the bathroom or to get a drink of water is ofte...
by staythecourse
Thu Apr 23, 2015 8:43 pm
Forum: Personal Consumer Issues
Topic: Physicians: What's your vacation policy?
Replies: 28
Views: 2943

Re: Physicians: What's your vacation policy?

Because vacation is something that's written in the contract, shouldn't there be a mutual agreement to change it? I am not a lawyer, but great point. To change it they will have everyone sign new contracts. The only other option is to say no which means you get fired. America is a "at will&quo...
by staythecourse
Thu Apr 23, 2015 8:34 pm
Forum: Personal Consumer Issues
Topic: Physicians: What's your vacation policy?
Replies: 28
Views: 2943

Re: Physicians: What's your vacation policy?

How about just asking why they are making this decision? We did, and were told this is how it is for non-physicians and they want to make it uniform across the organization. A follow up question from us was why it had to be the same for everyone, and the response was that it was board's decision. Y...
by staythecourse
Wed Apr 22, 2015 7:19 pm
Forum: Personal Consumer Issues
Topic: Physicians: What's your vacation policy?
Replies: 28
Views: 2943

Re: Physicians: What's your vacation policy?

I am not sure anyone is going to like that change in policy except for the employer. Just curious does this only apply to the physicians OR all of the employees of the company? There are some advantages of such a policy for the employer in regards to termination pay if an employee fires or resigns. ...
by staythecourse
Wed Apr 22, 2015 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Best home mortgage lenders?
Replies: 26
Views: 2840

Re: Best home mortgage lenders?

I have nothing to add, but have had NOTHING but bad to say about my experiences with lenders. I have closed on 2 properties and refi 3 times total and have used 4 different people and have NOT been happy with any of them. I've used brokers AND internet and have nothing good to say. It is the ONE are...
by staythecourse
Wed Apr 22, 2015 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Wife would like employment advice from the Bogleheads
Replies: 31
Views: 3240

Re: Wife would like employment advice from the Bogleheads

I would say on paper the VA job is superior. It is more secure (government job and VERY hard to get fired), same pay, AND excellent benefits. The big issue is if her personality will mix with the VA personality. No offense, to others out there, but all the VA and county folks I have met out there ar...
by staythecourse
Tue Apr 21, 2015 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Potential new home is well-priced, but...
Replies: 31
Views: 2835

Re: Potential new home is well-priced, but...

Well it looks like the answer is simple... You can't afford it. "Affording" in relation to a house is not JUST mortgage (which is already at the high point of what you can afford), but utilities, property taxes, and insurance. I am not sure why folks don't put ALL of that into an annual nu...
by staythecourse
Tue Apr 21, 2015 1:16 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on equties, treasuries, and "risk"
Replies: 46
Views: 4441

Re: Warren Buffett on equties, treasuries, and "risk"

Mr. Buffett is saying nothing new. I have been saying the same thing for A LONG time and no one quotes me. :D Even though it is great confirmation bias to read he agrees with my logic it still doesn't mean anything at all. If logic was all that was needed to be a great investor then the investment r...
by staythecourse
Tue Apr 21, 2015 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Cash as an asset class?
Replies: 35
Views: 2963

Re: Cash as an asset class?

Yes cash is an superasset class. David Darst in his book, "Art of Asset Allocation" has cash as a separate asset class. He defines superasset classes as securities that are different in risk, return, and correlation coefficient. He has: MM, bank accounts, CD's, any ultra short term bond up...
by staythecourse
Sun Apr 19, 2015 9:20 am
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6186

Re: My job says I can't work for anyone else...

Anti-competitive clauses, in general, can not be enforced in the following sense: unless the enforcing side (current or former employer) has substantial contractual consideration for the employee, the anti-competitive clause simply won't stand. I'm sorry that is not correct. In Illinois active cons...
by staythecourse
Sun Apr 19, 2015 9:06 am
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6186

Re: My job says I can't work for anyone else...

As for the reason to pursue a side gig. This job is a W2. Most docs want a W2 for whatever reason, I'm guessing because they don't want to navigate the taxes themselves. However this puts a big burden on me tax-wise. I can do the same job, see the same patients and get a 1099 and offset my taxes. U...
by staythecourse
Sat Apr 18, 2015 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6186

Re: My job says I can't work for anyone else...

I'll give you my two cents after going through legal issues with my last employer in regards to enforceability of contracts and such. Thankful for google and google scholar A LOT can be learned through independent research even without legal representation. So the quick answer is YES if you sign a c...
by staythecourse
Fri Apr 17, 2015 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Career and college advice for current HS students
Replies: 34
Views: 2667

Re: Career and college advice for current HS students

Decide your career BEFORE deciding your major. 100% agree. The problem is we have become TOO much of a pro liberal arts education. The problem with that is it is NOT how the real world works. In the real world folk want to employee folks with USABLE skills/ knowledge. There are many parts of the wo...
by staythecourse
Thu Apr 16, 2015 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help with ideas to buy a home in a hot market
Replies: 14
Views: 1620

Re: Help with ideas to buy a home in a hot market

I'll take a different angle on this one. Why do you HAVE to move? Needing more space should be rephrased as WANTING more space. Unless one is living in a one bedroom and having twins and/ or taking in elderly parents I don't see a situation you direly need to move. Thinking about cashing in ones tax...

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