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Re: A story, and a feeling of financial under-accomplishment

Congratulations on getting yourself upright and moving in the right direction. Let me use the highway analogy. We often find ourselves driving on these interstates. Some people seem to be passing us, maybe driving more expensive cars, while others are miles behind us. Who's ahead? That's the wrong q...
by wshang
Thu Apr 10, 2014 10:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: A story, and a feeling of financial under-accomplishment
Replies: 48
Views: 4121

Re: Partials vs implants

If money is a concern, implants plus crowns can be had in Costa Rica typically for $900-$1000 per tooth. There are reputable oral surgeons/dentist who do just this for dental tourists. PM me if you are interested as I just got back and am satisfied with the quality.
by wshang
Thu Apr 10, 2014 10:30 pm
 
Forum: Personal Consumer Issues
Topic: Partials vs implants
Replies: 27
Views: 2492

Re: Slomo

My son had sent me this earlier. This guy got out of the medical rat race. Too many of my former colleagues are unhappy, moments intermittently relieved by the BMW/Mercedes or the McMansion. "Free, free, free at last." [edited after rewatching video]
by wshang
Sun Apr 06, 2014 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Slomo (PHYSICIAN)
Replies: 4
Views: 878

Re: WSJ article: Ready or Not, Your Kids Own the Money

sscritic, when you taught your children/ grandchildren how to ride a bicycle, did you use training wheels or did you put them on a full sized bike and shove them off at 15 mph with no training wheels? Although the tone is a little facetious, sending kids down a slope and without training wheels is ...
by wshang
Fri Apr 04, 2014 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: WSJ article: Ready or Not, Your Kids Own the Money
Replies: 25
Views: 4045

Re: Strategy: multiple index funds in each Roth - recharacte

In January 2014 I also establish four new Roth accounts, preferable at four different institutions, and fund each of them with $100,000 from an existing pre-tax IRA. I'm am not a tax expert, and have often gotten things wrong, but having studied this and specifically asked TdAmeritrade and Vanguard...
by wshang
Fri Apr 04, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategy: multiple index funds in each Roth - recharacterize
Replies: 11
Views: 809

Re: Great Finance History Book

Having almost finished it, I have to agree with the glowing reviews. Can someone help out the names? In other words, I the names have been changed to protect the innocent, but it would be very helpful to know who the characters and companies correspond historically. Thanks in advance!
by wshang
Fri Apr 04, 2014 9:55 pm
 
Forum: Investing - Theory, News & General
Topic: Great Finance History Book
Replies: 33
Views: 4156

Re: early retirement..... any program to roth conversion??

I might suggest that you read this book by Jim Lang. He has done considerable and detailed explanation of your options.

http://paytaxeslater.com

Even his e-book is free.
by wshang
Thu Mar 27, 2014 1:43 am
 
Forum: Investing - Theory, News & General
Topic: early retirement..... any program to roth conversion??
Replies: 20
Views: 1230

Re: Options for the medical grad but no residency

While I suspect there may be negative factors at work, why not focus on the nexus where ones ability and interest meet. Che Guevara - revolutionary, Michael Crichton/Anton Chekhov - fiction writer, Deepak Chopra (whatever he does, it doesn't rely on his MD degree), Ken Jeong - actor, Bill Frist - Se...
by wshang
Sat Mar 22, 2014 8:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Options for the medical grad but no residency
Replies: 95
Views: 7150

Re: Strategy: multiple index funds in each Roth - recharacte

After some more thought, it occurred to me that the Callan Periodic Table would be a good starting point for choosing a short, but generally balanced portfolio for conversion: http://www.callan.com/research/periodic/ Looking at the seven highest performing elements: EEM, AGG, IVW, IWN, IWO, VEU, HYG...
by wshang
Thu Mar 20, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategy: multiple index funds in each Roth - recharacterize
Replies: 11
Views: 809

Re: Are people really selling at the bottom of the market ?

There are interesting aspect of your question: 1) Some people are more knowledgeable that others. Those who posses superior knowledge can more accurately sense or gauge the intrinsic value. Warren Buffett has famously said he will repurchase of shares at 120% of book value since he states, "Ber...
by wshang
Thu Mar 20, 2014 8:15 pm
 
Forum: Investing - Theory, News & General
Topic: Are people really selling at the bottom of the market ?
Replies: 16
Views: 2844

Re: New callable CD offering

I've bought these before, but in the secondary market at a significant discount. I gather someone is cleaning out an inherited account or something similar. This GS offering I looked at carefully, and there are better deals out there. I bought one a few days ago as year-over-year CPI-U change times ...
by wshang
Wed Mar 12, 2014 11:13 pm
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1269

Re: "Muni Bond Costs Hit Investors in Wallet"

I hope everyone read this article in the Wall Street Journal March 10th. In 2013 Brokers were paid an average "spread" of 1.73% on muni bonds. This is simply preying on the retail investor! So let me get this straight. If I buy a bond ladder with an average duration of ten years, hold eac...
by wshang
Wed Mar 12, 2014 11:02 pm
 
Forum: Investing - Theory, News & General
Topic: "Muni Bond Costs Hit Investors in Wallet"
Replies: 22
Views: 1830

Re: Constructing a portfolio to meet expenses

I agree with all the advice given so far. Taxes are another consideration. Taxes on LT Cap gains are treated much better than dividends. If you do not realize some of your spending money in this way, you are given up a huge tax advantage. For example, if you are in the 15% Federal bracket, you could...
by wshang
Mon Mar 10, 2014 12:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Constructing a portfolio to meet expenses
Replies: 25
Views: 1110

Re: How did you get through the market crash in 08-09

Well, the problem with reading history is we are naturally imbued with the idea that it must turn out this way and it is progressive. When you have just lived through ten years of crushing depression, Europe has fallen, the France has collapsed and Britain is losing ships faster than they can be bui...
by wshang
Sun Mar 09, 2014 11:53 pm
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5435

Re: Are Long-Term Bonds be better than Short-Term?

The common wisdom on the street is the long bond is due for a fall. Unless I am mistaken, the money flows have reflected that too. Usually though, the contrarian prevails, the Fed has its hand on the scales and who really knows how this scenario is going to play out with unwinding of their position....
by wshang
Sun Mar 09, 2014 12:59 am
 
Forum: Investing - Theory, News & General
Topic: Are Long-Term Bonds better than Short-Term?
Replies: 49
Views: 2997

Re: How do discount brokers make money from passive investor

There are fees which may not be obvious, and additional compared with owning the same mutual fund directly: Shareholder servicing fee: Under current regulatory rules, a mutual fund can pay a broker up to 0.25 percent of your assets for "servicing" your account. Account maintenance fee: A b...
by wshang
Fri Mar 07, 2014 8:47 pm
 
Forum: Investing - Theory, News & General
Topic: How do discount brokers make money from passive investors?
Replies: 19
Views: 1880

Re: Why the love for target date funds?

Now that the five years have elapsed since March 2009, the five year charts are no longer showing the breathtaking plunge. If one takes a look at VTINX the terminal target retirement fund, it went from 11.2 to 8.8, a 21% decline. Bad, but very tolerable. Wellesley VWIAX did nearly as well. Looking a...
by wshang
Sun Mar 02, 2014 7:23 pm
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 3647

Re: UPDATE: [physician, career options, life options]

I am a physician who got out recently at a young age. A couple of psychological caveats: 1) You actually have to overshoot your number. While it might be exhilarating to reach it, exceeding it is only safe. 2) You need a plan. Or a hobby. After I comfortably surpassed my number, every little bit of ...
by wshang
Sat Mar 01, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 89
Views: 7925

Re: Inflation question

I think these discussions procede under the assumption that the dollar is largely confined to the US economy, when in fact, no one really knows the percentage used outside of this country. Estimates range from a third to almost two-thirds. Jittery foreigners usually hold the dollar or gold. I think ...
by wshang
Sat Mar 01, 2014 12:03 am
 
Forum: Investing - Theory, News & General
Topic: Inflation question
Replies: 30
Views: 2570

Re: Explain "Wellness visit" versus "Annual physical"

Prices are typically held down by regulation (price controls) or bargaining power (a single payer has a lot of negotiating leverage, to the point that there's little difference from price controls). It is the reimbursement based regulation and the type of prcing contracts doctors enter into which k...
by wshang
Tue Feb 25, 2014 11:44 am
 
Forum: Personal Consumer Issues
Topic: Explain "Wellness visit" versus "Annual physical"
Replies: 45
Views: 3649

Re: Self protecting a SPIA against inflation

Your could buy some put options on TLT which goes out 700 days. I imagine it would be a losing proposition, but consider it an insurance policy. Isn't that what you want anyway? I went ahead and looked at what might happen if the 27 year average duration TLT experienced a 1% rise in interest rate f...
by wshang
Sun Feb 23, 2014 11:22 pm
 
Forum: Investing - Theory, News & General
Topic: Self protecting a SPIA against inflation
Replies: 47
Views: 2275

Re: Self protecting a SPIA against inflation

Your could buy some put options on TLT which goes out 700 days. I imagine it would be a losing proposition, but consider it an insurance policy. Isn't that what you want anyway?
by wshang
Sat Feb 22, 2014 7:10 pm
 
Forum: Investing - Theory, News & General
Topic: Self protecting a SPIA against inflation
Replies: 47
Views: 2275

Re: Why Own Bonds at All?

You would agree, wouldn't you, that it is very likely that the 30 year bull market in bonds--which was unprecedented in the high interest rates . . . We may well be at the start of a secular bear market in bonds, no? That for bonds, the risk is strongly to the downside?Claver I think the problem is...
by wshang
Sun Feb 16, 2014 11:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why Own Bonds at All?
Replies: 492
Views: 28279

Re: Dollar weakness/Euro Strength

Kathy, You might wish to spend even more time on this forum. This is called speculating, something not part of the BH credo. Will the expansion of the Fed's holdings lead to an inflationary dollar? Well, that is something well beyond my pay grade, but maybe you want to put some money on 0 or 00 and ...
by wshang
Sun Feb 16, 2014 11:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dollar weakness/Euro Strength
Replies: 10
Views: 584

Re: Billing for annual physicals

my doctor always performs an EKG at my annual visit. I'm learning that is not the norm. This year I will insist I do not want it and will not pay for it. Annual EKGs for Low-risk Patients Recommendation choosingwisely.com Don't order annual electrocardiograms (EKGs) or any other cardiac screening f...
by wshang
Fri Feb 14, 2014 12:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Re: Billing for annual physicals
Replies: 65
Views: 3635

Re: Billing for annual physicals

Physicians themselves cannot escape gaming of the system. My daughter went to the local ER for abdominal pain. I would have taken care of it but I had to go to work another hospital at the time. My wife ended up going with her on a light-workload weekday morning where a staff physician and a PA were...
by wshang
Thu Feb 13, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Re: Billing for annual physicals
Replies: 65
Views: 3635

Re: Billing for annual physicals

For healthy adults between the ages of 18 and 65, The American Academy of Family Physicians (AAFP) recommends only these components of the traditional physical exam: For men, a blood pressure measurement. For women, add a rare Pap smear. They have other recommendations including vaccinations, counse...
by wshang
Tue Feb 11, 2014 10:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Re: Billing for annual physicals
Replies: 65
Views: 3635

Re: Would Bill Gates stop to pick up a $100 bill - Yes!

"Playing Bridge is a pretty old fashioned thing in a way that I really like. I was watching my daughter ride horses this weekend and that is also a bit old fashioned but fun. I do the dishes every night - other people volunteer but I like the way I do it."[/i] Apparently Bill Gates does t...
by wshang
Mon Feb 10, 2014 4:59 pm
 
Forum: Personal Consumer Issues
Topic: Would Bill Gates stop to pick up a $100 bill - Yes!
Replies: 10
Views: 1203

Would Bill Gates stop to pick up a $100 bill - Yes!

A question often posed by this forum is now personally answered by Bill Gates . . . . apparently he would stop, bend down and pick up a $100 bill lying on the sidewalk.

http://www.youtube.com/watch?v=YZnmpDrjtDc

Now what does that says about EMH? :greedy
by wshang
Mon Feb 10, 2014 2:18 pm
 
Forum: Personal Consumer Issues
Topic: Would Bill Gates stop to pick up a $100 bill - Yes!
Replies: 10
Views: 1203

Re: $10+ M, age 49, seeking wisdom regarding retirement

I am not much older than you and retired. It sounds as if you might need to spend some time to take assessment of yourself and direction. The big mistake someone in our situation makes is retiring from something, instead of retiring to something. In other words, you might which to write a plan for y...
by wshang
Wed Feb 05, 2014 11:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 58
Views: 7084

Re: Bitcoin

A digital currency that allowed trusted transactions rapidly at an extremely low cost (0.1%?), and had some kind of basis in fundamental value, would be a real game changer. Of course such a currency probably wouldn't be a get rich quick scheme like Bitcoin is in its current form. The thought of th...
by wshang
Tue Feb 04, 2014 7:11 pm
 
Forum: Investing - Theory, News & General
Topic: Bitcoin
Replies: 34
Views: 2368

Re: Do Bogleheads see this market dip as a buying point?

I usually place my buy orders or sell naked puts at technical points of support; usually 200 day moving averages.
by wshang
Mon Feb 03, 2014 6:22 pm
 
Forum: Investing - Theory, News & General
Topic: Do Bogleheads see this market dip as a buying point?
Replies: 127
Views: 13418

Re: Do Bogleheads see this market dip as a buying point?

Yeah some time in the next 10-20 years you'll see a huge drop. When there's blood in the streets and people are screaming then maybe then you should dump your cash in. Ha ha. 4% drops are nothing.
by wshang
Tue Jan 28, 2014 1:19 am
 
Forum: Investing - Theory, News & General
Topic: Do Bogleheads see this market dip as a buying point?
Replies: 127
Views: 13418

Re: Having Enough, but Hungry for More

Here is an interesting essay by someone who didn't know when he had enough, and who found the pursuit of money and power was not healthy for him, in the way he was doing it. I thought his comparison to addiction was useful to explain the compulsive nature - and the rage - that some people exhibit i...
by wshang
Mon Jan 20, 2014 11:08 pm
 
Forum: Investing - Theory, News & General
Topic: Having Enough, but Hungry for More
Replies: 18
Views: 3522

Re: [Poll] What was your 2013 return?

-I wonder if many are simply taking their net worth change, which begs the question, "What was the effect of salary additions?" The net effect of salary addition increases the apparent return of younger respondents. -the % return is pretty much worthless unless plotted against a risk-adju...
by wshang
Thu Jan 09, 2014 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 8516

Re: [Poll] What was your 2013 return?

Every year we do this. -Even for myself, it is difficult to calculate IRR accurately with MS Money given zero coupon bonds, options, CD's not denominated in dollars -I wonder if many are simply taking their net worth change, which begs the question, "What was the effect of salary additions?&quo...
by wshang
Wed Jan 08, 2014 7:27 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 8516

Re: IRA/ROTH IRA Planning for 2014

Here is a twist on the original question: Thanks! Not enough info to answer the question. How much Roth money do you currently have compared to Non-Roth retirement. I suspect however, that if it was me and in the 15% bracket, I would be doing two Roths instead of splitting it up, unless I already h...
by wshang
Tue Jan 07, 2014 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA/ROTH IRA Planning for 2014
Replies: 10
Views: 1251

Re: IRA/ROTH IRA Planning for 2014

Here is a twist on the original question: If one participates in a 401k at work and the spouse does not participate in a qualified plan at work and: 1) The couple are in the range for full deductibility of one of the Trad IRA contributions (Line 32) 2) The couple are in the Federal 15% bracket [the ...
by wshang
Mon Jan 06, 2014 8:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA/ROTH IRA Planning for 2014
Replies: 10
Views: 1251

Re: Somebody's making money off commodities - but it ain't y

Wasn't this subject beaten all to h*ll in an earlier smackdown thread between Larry and Rick?
by wshang
Mon Jan 06, 2014 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: Somebody's making money off commodities - but it ain't you
Replies: 13
Views: 1508

Re: Extreme Cheapskates

Yeah, I'm thinking of a similar show for BH's. Each show profiles the BH's determination to avoid getting fleeced by the market and the brokerages. Imagine the show with me "Bogleheads Extreme!" . . . . Jeff switches accounts every six months between Fidelity and TD to get the $100 bonus m...
by wshang
Fri Dec 06, 2013 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Cheapskates
Replies: 25
Views: 3325

Extreme Cheapskates

A new series on Netflix profiles self-proclaimed and unabashed cheapskates showing off their lives. One, a Victoria in episode five is said to be by her boyfriend to be a millionaire. In case you haven't seen it yet, it is a case study of how far extreme saving behavior might be. (One wonders when i...
by wshang
Thu Dec 05, 2013 8:55 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Cheapskates
Replies: 25
Views: 3325

Re: Medicare - lab test and signing an ABN

I'm surprised no one has fully addressed this yet. Almost all labs have software which compares the necessity code ordered with the test code. If there is no link between the two - in other words, the government [Centers for Medicare & Medicaid Services (CMS)] has determined the medical necessit...
by wshang
Sun Nov 24, 2013 11:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare - lab test and signing an ABN
Replies: 22
Views: 1382

Re: Medical/Dental Tourism?

It's only rare until it happens to you. Multimillion judgments, held up on appeal, against doctors are really, really rare. If you're in the worst 0.01% of doctors, who that might apply to, then you probably deserve to go bankrupt or at least lose your medical license. What you might not know is 9/...
by wshang
Thu Nov 21, 2013 2:47 pm
 
Forum: Personal Consumer Issues
Topic: Medical/Dental Tourism?
Replies: 91
Views: 4500

Re: Medical/Dental Tourism?

That's not it at all. My point is that one should order a test using what you think to be the pretest likelihood of that test being positive, using evidence based medicine. One should not order a test because a patient wants you to order a test or to cover your a** against a malpractice lawsuit. Le...
by wshang
Wed Nov 20, 2013 5:11 pm
 
Forum: Personal Consumer Issues
Topic: Medical/Dental Tourism?
Replies: 91
Views: 4500

Re: Medical/Dental Tourism?

I once talked with a guy who got malaria after traveling in a 3rd world country. The problem was that the symptoms appeared about 10 months after he has left the country . . . . And so he arrives to Nepal half-alive and goes to a local doctor. The doctor takes a quick look at his pupils and says, &...
by wshang
Wed Nov 20, 2013 12:05 am
 
Forum: Personal Consumer Issues
Topic: Medical/Dental Tourism?
Replies: 91
Views: 4500

Re: Is It TIme to be Nervous About Municipal Bonds?

Time to be Nervous About:
1) Emerging Markets
2) Large Cap
3) US dollar
4) Bond Market
5) Small Cap
. . . . . "Who me worry?" :greedy
by wshang
Tue Nov 19, 2013 6:18 pm
 
Forum: Investing - Theory, News & General
Topic: Is It TIme to be Nervous About Municipal Bonds?
Replies: 25
Views: 1921

Re: [Considering solar power] - How do these #s look?

Maybe I am missing something in these cost calculations, but when one is getting their electric bill reduced, shouldn't it be taken similar to a muni bond. The money spent on an electric bill is post tax. The money generated through net metering seems to be more valuable since it is generating a non...
by wshang
Mon Nov 18, 2013 10:43 pm
 
Forum: Personal Consumer Issues
Topic: [Considering solar power] - How do these #s look?
Replies: 32
Views: 2055

Re: VWO seems cheap right now

RBD, question is where to you set long-standing buy triggers? (presuming this is one of your strategies) http://stockcharts.com/freecharts/gallery.html?vwo I see four opportunities to buy in the last two years. Each time, the window got more narrow. $38 is much more likely, if one likes playing this...
by wshang
Thu Nov 07, 2013 10:35 pm
 
Forum: Investing - Theory, News & General
Topic: VWO seems cheap right now
Replies: 125
Views: 13156

Re: Help a young man retire!

You guys are in excellent shape coming out of residency. I would take advantage of all the benefits of your low tax bracket, which will disappear when you start working. Among these is the ability to contribute to a Roth. Here is something I read about long after it was possible for myself: http://b...
by wshang
Thu Nov 07, 2013 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a young man retire!
Replies: 13
Views: 2167

Re: Travel in Japan, Taiwan, Korea

In history there never was a wealthy and powerful "Formosan Empire" so Taiwan doesn't have ancient walls, temples, or monuments like China and Japan. Sorry, after reading this, I had to chime in. If you had to add two destinations to see ancient fortifications and a mind boggling temple, ...
by wshang
Wed Nov 06, 2013 11:41 pm
 
Forum: Personal Consumer Issues
Topic: Travel in Japan, Taiwan, Korea
Replies: 17
Views: 2001
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