Search found 39 matches

by eye.surgeon
Fri Oct 20, 2017 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Late 20s -- Level-set on my Finances please
Replies: 5
Views: 739

Re: Late 20s -- Level-set on my Finances please

My opinion, 70/30 is too conservative for someone in their late 20's, although your comfort level with risk is the determining factor. You have 40 years in the market to spread risk. Consider 80/20 at your age. Some including Warren Buffett would argue 90/10. You don't want to take unrewarded risk, ...
by eye.surgeon
Fri Oct 20, 2017 12:51 am
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 16
Views: 2712

Re: just hit the two comma club today...some thoughts

Congratulations. That's a young age to reach such a significant milestone.
by eye.surgeon
Wed Oct 18, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Best fund(s) for Special Needs Trust
Replies: 14
Views: 769

Re: Best fund(s) for Special Needs Trust

I recently chatted with a group that does life planning for special needs people/children. I asked about ABLE accounts, they weren't a fan. They referred to them as a noble attempt to help, but are somewhat of a "trap". If the special needs child dies, or for some reason is no longer designated as ...
by eye.surgeon
Wed Oct 18, 2017 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Car fund in index fun or savings?
Replies: 19
Views: 1262

Re: Car fund in index fun or savings?

Contrarian view: Match your long term risk tolerance with your short term risk tolerance. If your retirement account is 70/30 and you're comfortable with that risk, why suddenly are you so scared of losing money in the short term that you accept less than inflation returns in a savings account? Note...
by eye.surgeon
Tue Oct 17, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: seeking advice on asset allocation, or is Vanguard crazy
Replies: 26
Views: 2547

Re: seeking advice on asset allocation, or is Vanguard crazy

Appreciate all the input. I know it's an unanswerable question but it's helpful to get input from other like-minded investors, which I value far more than financial advisers. This forum has really changed my life for the better, between white coat investor and here my approach to retirement has comp...
by eye.surgeon
Tue Oct 17, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: seeking advice on asset allocation, or is Vanguard crazy
Replies: 26
Views: 2547

Re: seeking advice on asset allocation, or is Vanguard crazy

pkcrafter wrote:
Tue Oct 17, 2017 11:00 am

Am I depriving myself of higher returns by being too conservative?
I don't know, but you are also depriving yourself of greater losses. :happy

Paul
:D good point
by eye.surgeon
Tue Oct 17, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: seeking advice on asset allocation, or is Vanguard crazy
Replies: 26
Views: 2547

seeking advice on asset allocation, or is Vanguard crazy

Vanguard's asset allocation calculator recommends a 80/20 retirement portfolio for me based on their series of questions. Their target fund for my age, target 2035, is 80/20. My current AA is 72/28. I know age in bonds has fallen out of fashion, but that recommendation is bonds = age -28! Am I depri...
by eye.surgeon
Sun Oct 15, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help me pick a fund for my HSA in California
Replies: 9
Views: 609

Re: Help me pick a fund for my HSA in California

Given that an HSA is a small investment, and one that needs to be in a low risk instrument, the low potential return rate make is not worth the trouble to invest. Keep it in cash. Any small gain is not worth your effort. Why does it have to be a low-risk investment? It's part of my overall AA. It c...
by eye.surgeon
Sun Oct 15, 2017 2:06 am
Forum: Investing - Help with Personal Investments
Topic: parking the $ to buy a vacation condo
Replies: 10
Views: 1092

Re: parking the $ to buy a vacation condo

ally bank has 1.5% 11 month no-penalty CDs...cancel them anytime and keep every penny.

Keep in mind between tax on the interest and inflation, it's still a negative return. I park my short term cash awaiting a purchase in a taxable account in a wellesley fund, I can live with a loss.
by eye.surgeon
Sun Oct 15, 2017 1:45 am
Forum: Investing - Help with Personal Investments
Topic: Help me pick a fund for my HSA in California
Replies: 9
Views: 609

Re: Help me pick a fund for my HSA in California

Since you are investing the HSA for long-term expenses, it should be invested as if it were part of your IRA. Thus, if Treasury bonds fit your investment needs, holding a Treasury fund will reduce your CA tax. You don't have to change your asset allocation to do this; if you hold Total Bond Market ...
by eye.surgeon
Sat Oct 14, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help me pick a fund for my HSA in California
Replies: 9
Views: 609

Help me pick a fund for my HSA in California

I've done my homework here on the special tax circumstances of HSA's in California but as a fairly casual investor I'm still not clear whether I'd be better off choosing Vanguard total stock market or Vanguard total Bond market for my HSA. It's one or the other of these two for me. For reference I'm...
by eye.surgeon
Thu Oct 12, 2017 12:27 am
Forum: Personal Consumer Issues
Topic: Mechanic expects me to pay for his mistake
Replies: 41
Views: 3120

Re: Mechanic expects me to pay for his mistake

It's a VERY common problem with that generation of F150. Not saying the mechanic doesn't hold some responsibility, but it doesn't necessarily indicate incompetence.
by eye.surgeon
Wed Oct 11, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a down payment nest egg?
Replies: 15
Views: 1580

Re: What to do with a down payment nest egg?

While I agree with what has been said, if you can tolerate some risk and afford to lose some of that down payment, it wouldn't be completely unreasonable to park it in Wellesley Admiral funds for 1-2 years, it's a 30/70 AA fund that will get you a decent return or at least not a horrible loss. This ...
by eye.surgeon
Tue Oct 10, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3919

Re: Protecting against the possibility of a correction?

The Bogleheads® Philosophy *Develop a workable plan *Invest early and often *Never bear too much or too little risk * Never try to time the market <----------- *Use index funds when possible *Keep costs low *Diversify *Minimize taxes *Keep it simple * Stay the course <-------------- This a standard...
by eye.surgeon
Tue Oct 10, 2017 12:45 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3919

Re: Protecting against the possibility of a correction?

The Bogleheads® Philosophy
*Develop a workable plan
*Invest early and often
*Never bear too much or too little risk
*Never try to time the market <-----------
*Use index funds when possible
*Keep costs low
*Diversify
*Minimize taxes
*Keep it simple
*Stay the course <--------------
by eye.surgeon
Fri Sep 29, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 5942

Re: My Smartest Financial Moves

Marrying a good partner and not getting divorced. As a physician the most common reason I see by far for docs stuck working after age 65 is multiple marriages.
by eye.surgeon
Wed Sep 27, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: ABLE act accounts, which of the current states is best?
Replies: 1
Views: 139

ABLE act accounts, which of the current states is best?

I have a 15 yr old autistic son and am preparing to open an ABLE act account. Any opinions on which of the states currently operating ABLE accounts is the best ie lowest fees and best fund selection? Unlike 529 accounts for example, there's a paucity of information on which of the current plans are ...
by eye.surgeon
Sat Sep 23, 2017 1:42 am
Forum: Investing - Help with Personal Investments
Topic: the tax efficiency conundrum
Replies: 7
Views: 800

Re: the tax efficiency conundrum

That’s a helpful perspective, thanks. I just hate the thought of $50k sitting unproductive earning 1.5% much of which will be paid in taxes. Seems only slightly better than burying it in the back yard.
by eye.surgeon
Sat Sep 23, 2017 12:48 am
Forum: Investing - Help with Personal Investments
Topic: the tax efficiency conundrum
Replies: 7
Views: 800

the tax efficiency conundrum

I have $50k parked in an Ally 1.5% no-penalty CD for 18 month awaiting purchase of a car. Why shouldn't I move it to into a Vanguard Wellesley fund held in a taxable account? I hear many say Wellesley is not ideal for a taxable account, and yet no one seems to point out that savings interest is taxe...
by eye.surgeon
Sat Sep 23, 2017 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Investing in Vanguard's Wellesley Income fund for 10 years to buy car
Replies: 22
Views: 3565

Re: Investing in Vanguard's Wellesley Income fund for 10 years to buy car

Reviving old thread... Keeping the money in a high yield savings account means all that whopping 1.5% interest income is taxable. Seems to me calling Wellesley in a taxable account tax-inefficient is only true if you aren't comparing it to CDs or high interest savings accounts which many people here...
by eye.surgeon
Tue Sep 12, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: 529s - Problem w/ age based plan?
Replies: 11
Views: 2496

Re: 529s - Problem w/ age based plan?

Just to revive an inactive thread....I have a child who is two years away from college and I have enough in a Utah 529 to pay for undergrad and I'm still actively contributing. He will probably go to grad/medical school also. I am using a 529 mostly as a tax advantage, I have a million+ net worth, h...
by eye.surgeon
Fri Sep 08, 2017 4:01 pm
Forum: Investing - Theory, News & General
Topic: Ally savings rate raised to 1.20%
Replies: 41
Views: 5467

Re: Ally savings rate raised to 1.20%

Will some of you guys explain to me why you would want to go through the hassle of of an "Ally" savings account at 1.2% when the SEC yield on Vanguard's Ultra Short is 1.46% (1.57% for admiral shares). Is not having the price vary by ±20 bps that important? Ally has a no-penalty 1.5% 11 month CD fo...
by eye.surgeon
Fri Aug 25, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Can dispute an expensive medical bill
Replies: 39
Views: 2873

Re: Can dispute an expensive medical bill

I'm an ophthalmologist. A few thoughts... 1. If I see an abnormality on your routine eye exam, I will do an appropriate test. No, my secretary didn't predict in her crystal ball that you would need it. But you do. Immediately assuming that your doctor is somehow scamming you is a bit of a leap. I ha...
by eye.surgeon
Fri Aug 25, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Buying a used Tesla
Replies: 18
Views: 2292

Re: Buying a used Tesla

I've had my Model S for 2.5 years. I've been completely happy with it and had zero problems, in fact I have never personally been to a service center with it. It was very expensive and like all expensive cars it depreciates rapidly so it doesn't really mesh with the boglehead philosophy, but I figur...
by eye.surgeon
Fri Aug 18, 2017 12:49 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9576

Re: When does renting make sense

According to Ken Rockwell: After selling my condo of 17 years, sure, I sold it at the top of California's recent real estate bubble for four times what I paid. But wait: unlike a financial investment, I had to pay mortgage interest, taxes, utilities, repairs, homeowner associations and loads of othe...
by eye.surgeon
Wed Aug 16, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9576

Re: When does renting make sense

The rent vs buy decision is not completely a financial decision. Buying provides stability that renting does not. Many will find that stability provides more quality of life than does the money saved renting. You have to put a monetary value on the stability of home ownership, and compare it to the ...
by eye.surgeon
Thu Aug 03, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: does solar increase the value of a house
Replies: 61
Views: 5591

Re: does solar increase the value of a house

Here in Fresno solar panels are ubiquitous in better neighborhoods since we're one of the sunniest spots in the country with the highest energy rates. Solar leases are a significant impairment to home sales and will become an increasing problem as all these homes that opted for leases come up for sa...
by eye.surgeon
Tue May 09, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: small change left over in IRA from backdoor conversion--what should I do
Replies: 7
Views: 773

Re: small change left over in IRA from backdoor conversion--what should I do

Perfect, thanks. I hate the new vanguard system for backdoor Roth conversions.
by eye.surgeon
Tue May 09, 2017 1:15 am
Forum: Investing - Help with Personal Investments
Topic: small change left over in IRA from backdoor conversion--what should I do
Replies: 7
Views: 773

small change left over in IRA from backdoor conversion--what should I do

Somehow with the couple days delay between putting $5,500 in my traditional IRA and the backdoor conversion to a roth IRA on vanguard.com, I got an 84 cent divident, which now after the rollover, means I have 84 cents sitting in a traditional IRA. I assume I don't want this? Should I sell it? Does i...
by eye.surgeon
Thu Apr 20, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Is an IRA conversion the same as a backdoor IRA?
Replies: 2
Views: 373

Is an IRA conversion the same as a backdoor IRA?

Vanguard changes their website interface so much that every year when I do my backdoor Roth IRA contribution it's a different method. This year it's different again. I have already contributed $5,500 into my traditional IRA account yesterday, now when I try to exchange that fund for a Roth IRA fund ...
by eye.surgeon
Fri Apr 07, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason NOT to do a backdoor Roth IRA?
Replies: 56
Views: 4775

Re: Any reason NOT to do a backdoor Roth IRA?

I have a close relative who is a CPA and thinks it is not allowed. He realizes one can easily do it and probably not expect any consequences. But he feels it would violate his professional ethics to recommend it or assist clients with it. It's the tax code that is highly unethical. If your close re...
by eye.surgeon
Thu Apr 06, 2017 11:02 pm
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 7104

Re: Economics of Charging an Electric Car

So I should spend ~$100k on a luxury EV so that I can then brag about my favorable EV economics like forgoing $30 oil changes, once-a-decade tune ups, or saving $20 monthly in fueling costs vs ICE? And as for maintenance, lets compare total maintenance costs at the 10 or 15 year mark with ~150k mil...
by eye.surgeon
Thu Apr 06, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 7104

Re: Economics of Charging an Electric Car

I've had my Tesla model S for 2 years. I charge at night for $.12 per kilowatt hour, California PG&E electric car rate. Since I have a Tesla supercharger near my work I charge it there while I eat lunch once a week, which usually lasts all week, meaning my actual cost to charge at home is about ...
by eye.surgeon
Thu Apr 06, 2017 12:35 am
Forum: Personal Consumer Issues
Topic: How to Sell Gold Watch from Last Kaiser of Germany?
Replies: 11
Views: 1752

Re: How to Sell Gold Watch from Last Kaiser of Germany?

Sell the Rolex on timezone.com, a watch enthusiast community. There's an active sales corner frequented by trustworthy collectors.
by eye.surgeon
Thu Apr 06, 2017 12:28 am
Forum: Personal Consumer Issues
Topic: Selling A Semi-Valuable Vehicle
Replies: 12
Views: 1574

Re: Selling A Semi-Valuable Vehicle

I've sold several personal vehicles over $20k on craigslist, with a moderate amount of hassle. It's certainly doable. I sold one for $32k, in cash.
by eye.surgeon
Wed Apr 05, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: best place to keep $20k for 2 years
Replies: 20
Views: 2562

Re: best place to keep $20k for 2 years

Correct, the car was sold in Sept 2014 as a 2015 model. I bought it 2 yrs ago. The steepest part of the depreciation curve was on someone else's dime. The original owner kept it 6 months and put 20k miles on it.
by eye.surgeon
Wed Apr 05, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: best place to keep $20k for 2 years
Replies: 20
Views: 2562

Re: best place to keep $20k for 2 years

With two teenage drivers, my insurance rates are such that it makes no sense to non-op it, as comp-only insurance premiums over 2 years will still be > depreciation.
by eye.surgeon
Wed Apr 05, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: best place to keep $20k for 2 years
Replies: 20
Views: 2562

best place to keep $20k for 2 years

My 18 yr old son is leaving home for 2 years doing church service internationally, so I am going to sell his car (2015 VW GTI, purchased used 2 yrs ago with cash) and buy another one when he returns. I would like to sequester the sales proceeds to use on another car when he gets back by investing it...