Search found 11302 matches

by EmergDoc
Sat Feb 06, 2016 2:14 am
Forum: Investing - Theory, News & General
Topic: Bogleheads investment philosophy at huge risk?
Replies: 19
Views: 1701

Re: Bogleheads investment philosophy at huge risk?

Hi, I read this article that brings up the point that by blindly just buying index funds and holding without considering whether they are overpriced etc (i.e. bogleheads investment philosophy) is recipe for long term disaster. Curious to see what others think. Here's the link: http://jessefelder.tu...
by EmergDoc
Fri Feb 05, 2016 7:58 pm
Forum: Investing - Theory, News & General
Topic: "Picking Individual Stocks is a Loser's Game"
Replies: 21
Views: 1657

Re: "Picking Individual Stocks is a Loser's Game"

Ruins the entire article. Enjoying investing is not limited to people who hold individual stocks, it covers a whole range of people. What makes this hobby stupid? Is reading about companies less valuable than reading fiction? Doesn't sound like you enjoyed any of the article as you seem to have fel...
by EmergDoc
Fri Feb 05, 2016 7:48 pm
Forum: Investing - Theory, News & General
Topic: "Picking Individual Stocks is a Loser's Game"
Replies: 21
Views: 1657

Re: "Picking Individual Stocks is a Loser's Game"

I saw today in the news that Linked-in is down 45%. That type of loss in a single day gave me flash-backs to the tech crash. Meanwhile, my contribution to TSM today went in on schedule. I sleep better at night by indexing. I no longer have that kind of exposure to individual stocks. I hope the numb...
by EmergDoc
Fri Feb 05, 2016 5:37 pm
Forum: Investing - Theory, News & General
Topic: Prosper.com Update Total Return
Replies: 35
Views: 2586

Re: Prosper.com Update Total Return

I think it is extremely difficult to evaluate p2p lending as an investment until it is seen how it performs during an economic downturn. My intuition is that the currently available returns don't justify the downside risk. Haven't run any numbers to back this up, but I'd imagine default rates would...
by EmergDoc
Thu Feb 04, 2016 11:10 pm
Forum: Personal Consumer Issues
Topic: Advice for parents with Perfectionist Child?
Replies: 39
Views: 2424

Re: Advice for parents with Perfectionist Child?

My daughter is a little perfectionist too and very competitive at anything she tries to do. But I think her traits pale in comparison to your child's. What I've tried to teach is that it's okay to enjoy a competition, but it's just as okay to lose as win when you do your best. Losing a lot makes tho...
by EmergDoc
Thu Feb 04, 2016 11:19 am
Forum: Investing - Theory, News & General
Topic: Prosper.com Update Total Return
Replies: 35
Views: 2586

Re: Prosper.com Update Total Return

I had about $50K in LendingClub. I will not do it again. Not because the returns are not good but because the taxes on these things are a nightmare. Literally They report the interest on a 1099 but to deduct the defaults and charge offs, you have to claim them as "capital loss" and theref...
by EmergDoc
Thu Feb 04, 2016 12:42 am
Forum: Investing - Theory, News & General
Topic: Prosper.com Update Total Return
Replies: 35
Views: 2586

Re: Prosper.com Update Total Return

HomerJ wrote:
mevans154 wrote:all of the loans are less than $50.


Who is borrowing less than $50?


It's Peer to Peer. You borrow $25 a piece from 1000 people.
by EmergDoc
Wed Feb 03, 2016 11:50 pm
Forum: Investing - Theory, News & General
Topic: Prosper.com Update Total Return
Replies: 35
Views: 2586

Re: Prosper.com Update Total Return

My return on a $500 investment at Prosper from February 2012 to present is 7.07% annualized using XIRR. Never autoinvested. My Lending Club return on far more money from November 2011 to present is 11.34% with many, many chargeoffs. I used autoinvesting there.
by EmergDoc
Wed Feb 03, 2016 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Life Insurance HELP! what to pick Term, Whole Life?
Replies: 20
Views: 1307

Re: Life Insurance HELP! what to pick Term, Whole Life?

My wife and I along with our 4 year old are just in the beginning stages of learning about life insurance and not sure what would be best. Term or Whole Life? Should we have individual policies? Who is depending on your 4 year old's income? Good one! Although, after I stopped laughing, I wondered w...
by EmergDoc
Wed Feb 03, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 5041

Re: Physician buying an 850k vs 1.25m house

Hi Everyone, I will be moving cross country and starting my dream job in the near future. While shopping for real estate we have found two houses we love. One is a new but unfinished home that is 850k and needs about 70 k to finish up. The second is 1.25 and old. It was however recently remodeled a...
by EmergDoc
Sun Jan 31, 2016 6:22 pm
Forum: Forum Issues and Administration
Topic: Maintaining anonymity and privacy [in this forum]
Replies: 22
Views: 3439

Re: Maintaining anonymity and privacy [in this forum]

As personal finances are a private issue, yet disclosure is important to the exchange of helpful advice on this board, I've thought of some ways members can preserve their anonymity and privacy while still divulging information helpful for those providing advice. To be clear, I am not condoning tha...
by EmergDoc
Sat Jan 30, 2016 7:47 pm
Forum: Investing - Theory, News & General
Topic: "6-reasons-we-lost-money-on-our-first-rental-property"
Replies: 21
Views: 4960

Re: "6-reasons-we-lost-money-on-our-first-rental-property"

When I read it, it sounds like money was made on the rental (something like 2011-2015) and a ton of money was lost on the owner occupied property (2006-2011). The article says, "Those two extras [HOA fees and flood insurance], especially combined with taxes, insurance, management fees, and mai...
by EmergDoc
Fri Jan 29, 2016 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: EJones Advisor wants to talk!
Replies: 83
Views: 5755

Re: EJones Advisor wants to talk!

EJones Advisor wants to KEEP HIS MEAL TICKET is what he wants. I had a similar event when I asked Smith-Barney in the 80s to close my account and I would transfer to Vanguard. My "advisor" called me back to ask me to go to lunch at a fast food outlet to talk it over. At least that was a b...
by EmergDoc
Fri Jan 29, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: EJones Advisor wants to talk!
Replies: 83
Views: 5755

Re: EJones Advisor wants to talk!

I'm lost. Why are you meeting again?
by EmergDoc
Fri Jan 29, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 6585

Re: The Boglehead Way of Employment

... I have come to realize that journalism is a pretty low paying profession for a reason. There is just not much value add there and the Internet has of course destroyed Newspapers. ... I agree with most of your post except this ^^^. While it may not pay as well as being a software developer or a ...
by EmergDoc
Fri Jan 29, 2016 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 6585

Re: The Boglehead Way of Employment

I am not a big believer in the "follow your passion" advice given to young people. Young people have a very limited set of experiences in life and have a long way to go to build up their knowledge of the world. Their "passions" are likely to evolve as they grow older anyway. Whe...
by EmergDoc
Fri Jan 29, 2016 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 6585

Re: The Boglehead Way of Employment

I have come to realize that journalism is a pretty low paying profession for a reason. There is just not much value add there and the Internet has of course destroyed Newspapers. Also to make a good living as a writer of books takes a huge amount of talent and talent needs to match with the demands...
by EmergDoc
Fri Jan 29, 2016 2:03 pm
Forum: Personal Consumer Issues
Topic: Utah Spring Break Planning
Replies: 6
Views: 413

Re: Utah Spring Break Planning

Book now. That's a busy time of year down there. The two parks (Arches and Canyonlands) basically are in the town of Moab. I know you can camp in Arches, not sure about Canyonlands, but I'd stay in the town or on BLM land (which books up just as fast BTW.)
by EmergDoc
Fri Jan 29, 2016 12:52 am
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 6585

Re: The Boglehead Way of Employment

Own your own business. That way you have to be fired by all (or at least most) of your customers to lose your job. Even if you're employed, get something going on the side. I always feel like this is the worst advice for the general public. Most people have no idea how to just open a successful bus...
by EmergDoc
Fri Jan 29, 2016 12:51 am
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 6585

Re: The Boglehead Way of Employment

Own your own business. That way you have to be fired by all (or at least most) of your customers to lose your job. Even if you're employed, get something going on the side. I always feel like this is the worst advice for the general public. Most people have no idea how to just open a successful bus...
by EmergDoc
Thu Jan 28, 2016 10:58 pm
Forum: Investing - Theory, News & General
Topic: "Are You Holding Your Assets in the Right Types of Accounts?"
Replies: 5
Views: 1521

Re: "Are You Holding Your Assets in the Right Types of Accounts?"

Well done Christine. It's good to see someone doing the analysis right, which I'm embarrassed to say that many of us around here (including me) did not do for a long time.

It's about tax-efficiency AND expected return.
by EmergDoc
Tue Jan 26, 2016 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: whole life: 1500 cash value after 28 years?
Replies: 20
Views: 3043

Re: whole life: 1500 cash value after 28 years?

My wife's parents recently gave us her $25,000 whole life policy (State Farm executive protector). The premiums are $95/year. My in-laws have been paying for the policy since my wife was born 28 years ago. I'm in the process of gathering information about the policy to see whether we should cash it...
by EmergDoc
Tue Jan 26, 2016 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 6585

Re: The Boglehead Way of Employment

Own your own business. That way you have to be fired by all (or at least most) of your customers to lose your job. Even if you're employed, get something going on the side. I always feel like this is the worst advice for the general public. Most people have no idea how to just open a successful bus...
by EmergDoc
Tue Jan 26, 2016 6:21 pm
Forum: Personal Consumer Issues
Topic: Selling a car - private party
Replies: 12
Views: 889

Re: Selling a car - private party

Yet another hassle avoided by paying cash for cars.
by EmergDoc
Sun Jan 24, 2016 10:25 am
Forum: Investing - Theory, News & General
Topic: Why don't people like the higher level of real estate allocation in Swensen lazy portfolio?
Replies: 33
Views: 2659

Re: Why don't people like the higher level of real estate allocation in Swensen lazy portfolio?

I don't invest in REITS because I have enough residential real estate exposure as it is. I like the idea of 20% in real estate, but not necessarily 20% in REITs. If you don't want to invest in real estate directly or via syndications and are only doing REITS, I think 20% is too much. How does one p...
by EmergDoc
Sun Jan 24, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 6585

Re: The Boglehead Way of Employment

Hi Bogleheads, I am trying to assess what your experience and wisdom is on the best way of the employment path during your lifetime. That is, if you had to pass your highest wisdom to a child or grandchild on the employment path, what would it be ? What would you advise in ways of job fulfillment, ...
by EmergDoc
Sun Jan 24, 2016 9:45 am
Forum: Investing - Theory, News & General
Topic: Why don't people like the higher level of real estate allocation in Swensen lazy portfolio?
Replies: 33
Views: 2659

Re: Why don't people like the higher level of real estate allocation in Swensen lazy portfolio?

I like the idea of 20% in real estate, but not necessarily 20% in REITs. If you don't want to invest in real estate directly or via syndications and are only doing REITS, I think 20% is too much.
by EmergDoc
Sun Jan 24, 2016 9:24 am
Forum: Investing - Theory, News & General
Topic: The last 15 years
Replies: 100
Views: 10358

Re: The last 15 years

Best post of the last month. Good job.
by EmergDoc
Sat Jan 23, 2016 2:29 am
Forum: Investing - Theory, News & General
Topic: Why are REITs not providing any benefit in this market?
Replies: 45
Views: 4902

Re: Why are REITs not providing any benefit in this market?

That's it, I'm going to Las Vegas to go climbing. Stock market risk pales in comparison to a high step onto a nubbin 20 feet above a #3 stopper. Hope the rock is dry enough for ya! (seriously, please don't climb on wet sandstone) http://forecast.weather.gov/MapClick.php?lon=-115.43851343882896&...
by EmergDoc
Sat Jan 23, 2016 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Most anticipated retirement purchase
Replies: 107
Views: 6969

Re: Most anticipated retirement purchase

Nothing. I've got enough stuff. I look forward to TIME. Yeah..that's about where I'm at. Getting rid of some stuff is more likely. Having just arrived at retirement(1/1/16)..I'm finding that figuring out the playing field for the next 10-ish years (until RMD) is a full time job..at least initially....
by EmergDoc
Thu Jan 21, 2016 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: How to minimize volatility costs with Tax Loss Harvesting ETFs?
Replies: 17
Views: 470

Re: How to minimize volatility costs with Tax Loss Harvesting ETFs?

I learned a hard lesson today while TLH between VOO and VTI using Fidelity.. It took me about 4 minutes to complete one trade and place the other and in this time the prices moved .4 percent and this cost me about $500. One of the reasons for the delay was that I wanted to use limit orders and foun...
by EmergDoc
Thu Jan 21, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Here We Go Again: SWR 2.5% or 5.5%?
Replies: 102
Views: 6961

Re: Here We Go Again: SWR 2.5% or 5.5%?

Take your investable assets on the day of retirement and multiple by 4%. This will give you a ballpark Then there's THIS problem, discussed every so often here: how does the March, 2009 new retiree reconcile his 4% with that of the March, 2008 retiree's 4%. The 2009's money doesn't know it used to ...
by EmergDoc
Thu Jan 21, 2016 3:49 pm
Forum: Investing - Theory, News & General
Topic: Fund that excludes unprofitable stocks?
Replies: 9
Views: 864

Re: Fund that excludes unprofitable stocks?

And while we're at it, can I get a fund where all the stocks go up? :)
by EmergDoc
Thu Jan 21, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Sold rental, TurboTax thinks we made money
Replies: 33
Views: 3435

Re: Sold home, IRS thinks we made money

Or perhaps you can look at it as when you first converted it to an investment property. Perhaps your original plan was to flip it, but it took you three years to do the renovations (while living in it) and then you tried to sell it for a couple of years but couldn't and then put a renter in it. So m...
by EmergDoc
Thu Jan 21, 2016 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Sold rental, TurboTax thinks we made money
Replies: 33
Views: 3435

Re: Sold home, IRS thinks we made money

I don't think you can fudge the basis - I believe it is lower of fair market value and the adjusted basis. Since the market value was low the new basis was low. Fair market value is a squishy term. For example, why not just use the value according to the tax adjustor in 2011? I bet that's higher th...
by EmergDoc
Thu Jan 21, 2016 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Sold rental, TurboTax thinks we made money
Replies: 33
Views: 3435

Re: Sold home, IRS thinks we made money

Why did you use that basis number? I would have looked very carefully at the rules and tried to use a basis of the original price + what I had put into it. As I recall when I did this, you didn't have to have any proof of what the basis was, so I just ballparked it. I'd have to go back and read the ...
by EmergDoc
Thu Jan 21, 2016 3:02 pm
Forum: Investing - Theory, News & General
Topic: Why are REITs not providing any benefit in this market?
Replies: 45
Views: 4902

Re: Why are REITs not providing any benefit in this market?

I have 5% REIT in my IRA, not sure what to do. Bought at the peak. :( I also added REITs to my portfolio at the peak. In early 2007. However, my overall return in that asset class since adding it, as of Jan 1, annualizes to 10.09% per year. It's time in the market that counts, not timing the market...
by EmergDoc
Thu Jan 21, 2016 2:53 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey recommends Active funds?
Replies: 35
Views: 2769

Re: Dave Ramsey recommends Active funds?

He recommended against tax loss harvesting yesterday, which was a new one on me. 1/20/16 Hour 1 at the 16 minute mark if you care to take a listen.

https://www.daveramsey.com/show/archives
by EmergDoc
Thu Jan 21, 2016 12:50 pm
Forum: Personal Consumer Issues
Topic: Vanguard Store Items
Replies: 51
Views: 3588

Re: Vanguard Store Items

TomatoTomahto wrote:I got two of the mugs a few days ago, iirc, based on a recommendation from EmergDoc. I like them, and will order some more.


Uhhhh......nope. Glad you like the mug though!
by EmergDoc
Thu Jan 21, 2016 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Scaling in when Dow drops to...
Replies: 14
Views: 1608

Re: Scaling in when Dow drops to...

Just wondering what everyone is doing right now are you scaling in? are selling out? for me i think(my opinion) i think the dow going back to 15400, then i'll start DCA in.... Why is your crystal ball so much less cloudy than the rest of ours? Why not 15300 or 15500? Will you DCA in over 3 months o...
by EmergDoc
Thu Jan 21, 2016 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to panic, advice for the market downturn.
Replies: 25
Views: 2571

Re: Starting to panic, advice for the market downturn.

I know the stock market fluctuates, and I expect it to. The problem is that I was planning on withdrawing most of my taxable account (~8k) for a new car downpayment. I already know the Boglehead philosophy is to never buy a new car. Well, I want one, and am frugal in every other aspect of my life a...
by EmergDoc
Thu Jan 21, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Here We Go Again: SWR 2.5% or 5.5%?
Replies: 102
Views: 6961

Re: Here We Go Again: SWR 2.5% or 5.5%?

On average, if you use a 4% SWR, you leave 2.8X what you had on the eve of retirement to your heirs 30 years later. On average, you're going to be able to take out more than 4%. If you start with something reasonable, and just adjust a bit as you go, you'll be fine. If, on average, a 4% WR gets you...
by EmergDoc
Thu Jan 21, 2016 11:48 am
Forum: Investing - Help with Personal Investments
Topic: who is selling to day??
Replies: 34
Views: 3969

Re: who is selling to day??

...it would be pretty easy to TLH every three days for a month without ever having to buy a fund with less than 0.98 correlation with the original fund. I think trying to include extended market is making things unnecessarily complex. Have you looked at the correlation between TSM and 500? I have n...
by EmergDoc
Thu Jan 21, 2016 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Market down - lost alot of $ - nervous..
Replies: 60
Views: 6838

Re: Market down - lost alot of $ - nervous..

I have alot of money invested in a stock/bond mix on Vanguard (75%/25% mix) with most of my money in Vanguard Total Stock, some in Total Int'l Stock and some in Target Retirement 2045... and to top it off I bought more in December (before it started going down). The one that took the biggest hit is...
by EmergDoc
Wed Jan 20, 2016 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: I have no more money to invest
Replies: 76
Views: 6286

Re: I have no more money to invest

One idea I had was selling my car, but then I would have to bus everywhere. Sounds reasonable. It may be inconvenient on a practical level but you'd be a legend in the forum. Go for it. Yes! Yes! Yes! Because the money to invest for the long-term should really come from the exact same pool as the m...
by EmergDoc
Wed Jan 20, 2016 11:41 am
Forum: Investing - Theory, News & General
Topic: Why are REITs not providing any benefit in this market?
Replies: 45
Views: 4902

Re: Why are REITs not providing any benefit in this market?

InvestorNewb wrote:REITs are supposed to zig when the market zags.. or so I have been told.

Why are we not seeing the diversification benefit in the current market?


You think this is bad? You should have seen 2008. TSM down 50%, but REITS down 78%.
by EmergDoc
Wed Jan 20, 2016 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Here We Go Again: SWR 2.5% or 5.5%?
Replies: 102
Views: 6961

Re: Here We Go Again: SWR 2.5% or 5.5%?

I feel sorry for those who insist on calculating a SWR of 3% or less. You're going to die with a load of unspent money you worked a lifetime to earn. Not necessarily true. I mean, they may be paying an advisor 1%. Or perhaps they have terrible investing behavior/discipline. Or an inappropriately co...
by EmergDoc
Wed Jan 20, 2016 10:46 am
Forum: Investing - Help with Personal Investments
Topic: who is selling to day??
Replies: 34
Views: 3969

Re: who is selling to day??

Bought and sold last week to tax loss harvest. At least another 30 days before I do anything in taxable account. You mean if the market dropped 15% next week you would still wait 3 more weeks to do any tax loss harvesting? To date, I have only had two sets of funds that I have used for TLH (ignorin...
by EmergDoc
Wed Jan 20, 2016 2:14 am
Forum: Investing - Help with Personal Investments
Topic: who is selling to day??
Replies: 34
Views: 3969

Re: who is selling to day??

noraz123 wrote:Bought and sold last week to tax loss harvest. At least another 30 days before I do anything in taxable account.


You mean if the market dropped 15% next week you would still wait 3 more weeks to do any tax loss harvesting?
by EmergDoc
Wed Jan 20, 2016 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Do retirees care about their credit score?
Replies: 35
Views: 2296

Re: Do retirees care about their credit score?

[ I suppose some retirees still get car loans. Wouldn't think this is wise in retirement though. You mean you think it's wise prior to retirement? It seems wiser in retirement than before to me. In retirement, hopefully you can afford to do whatever numbskull thing you want to. Or perhaps your plan...

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