Search found 60 matches

by lernd
Mon Jan 01, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 7049

Re: Individual Stocks That Went Bust

Don't know if someone else already mentioned (or cited the article) but World Com and Tyco come to mind...

The Biggest Stock Scams of All Time:

https://www.investopedia.com/articles/00/100900.asp
by lernd
Sun Dec 24, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: Using lumens to buy light fixtures
Replies: 26
Views: 2266

Re: Using lumens to buy light fixtures

It depends how the lumens are distributed (spot light vs wide angle of light). It's the same amount of brightness, but how the brightness is spread matters too.
by lernd
Wed Oct 25, 2017 8:36 am
Forum: Investing - Theory, News & General
Topic: Why A NFL Football Player Drives A 26 Year Old Car
Replies: 10
Views: 2543

Re: Why A NFL Football Player Drives A 26 Year Old Car

He's smart for a couple reasons. First, he's not deluded into thinking some of those bonuses (leading the league in rushing?) will likely be earned - he's not counting his money before he's earned it. Second, he realizes that the average career length in the NFL is only a few years. That 5.5 million...
by lernd
Sat Oct 21, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 5946

Re: Paying for medical school for son?

I have no experience with medical school debt, so this might be inapplicable: my son reports that the kids with significant student debt had far less freedom and far more stress in selecting between job offers and graduate schools than their less encumbered classmates. I firmly believe that student...
by lernd
Sat Oct 21, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 5946

Re: Paying for medical school for son?

I have a son who will most likely be starting medical school in 2 years. I am starting to think about the best way to handle this financially. My wife and I are in a position to be able to pay for his expenses out of normal earned income and helping him would not impact our retirement financially i...
by lernd
Sun Oct 01, 2017 1:50 pm
Forum: Personal Consumer Issues
Topic: Favorite Camera - Recommendations, Photos, and Pictures of Your Gear?
Replies: 65
Views: 4775

Re: Photography gear and what you use it for?

First Real Camera of distinction. First DSLR was a Rebel XS - now probably 10+ years old. Still play with it from time to time. Camera gear now? Canon 6d Lenses? Canon 24-105L f/4 Canon 85 F/1.8 Canon 40 F/2.8 Tamron 150-600 F/4-5.6 (*Very disappointed by this lens, kind of wish I had bought Canon 4...
by lernd
Fri Sep 29, 2017 9:36 am
Forum: Personal Consumer Issues
Topic: Should I get a New Macbook Pro?
Replies: 47
Views: 4678

Re: Should I get a New Mac or Macbookpro?

Do you use Time Machine (mac app)? If so, if you backup your hard drive with an external drive via Time Machine, when you get a new Mac, you can re-install everything onto the new computer - you don't need to remember any passwords if you've saved them on Keychain.
by lernd
Mon Sep 25, 2017 6:40 am
Forum: Investing - Help with Personal Investments
Topic: Med Student about to enter workforce
Replies: 3
Views: 495

Re: Med Student about to enter workforce

check out (if you haven't already): www.whitecoatinvestor.com

great resource tilted to those in the medical community...
by lernd
Fri Sep 22, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Understanding an HSA - help
Replies: 9
Views: 1247

Re: Understanding an HSA - help

So my health insurance through my current employer does not qualify for an HSA. Can I still contribute to my existing HSA without the tax deduction or are all contributions forbidden? Thanks!
by lernd
Sat Aug 12, 2017 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Individual stocks for fun
Replies: 24
Views: 2282

Re: Individual stocks for fun

I dabble in small-cap/micro-cap biotech stocks. It's in my field and Phase 2b and 3 trials are usually published in journals that I can easily access. I look for companies in late stage drug trials that I believe have a chance of success, or companies with drugs pending FDA approval that I think are...
by lernd
Tue Jul 25, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Characteristics of Physicians
Replies: 24
Views: 2700

Re: Financial Characteristics of Physicians

I heard or read somewhere (in a medical context) - "never mistake confidence for competence." I like the quote and remember it daily in my own medical practice. Looking at the methodology, I would note that the results are self-reported surveys and consist of ~2,300 responses from an initial email t...
by lernd
Sun Jul 23, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (dual physician household)
Replies: 45
Views: 6723

Re: How am I doing? (dual physician household)

Personal assets look more than fine. Here's what you could be doing better: more charitable contributions.
by lernd
Sun Jun 18, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Child Gift/Investment question
Replies: 2
Views: 326

Child Gift/Investment question

My uncle (who has no children), recently gave money to each of my small children to be used for their future educations. It is a generous gift based on his fixed income (I have little knowledge of his finances), though a small amount (currently about 5%) relative to my childrens' current 529 balance...
by lernd
Tue Jun 06, 2017 9:05 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 5824

Re: Suit for residency interviews

I've heard to wear navy or charcoal. All of the different brands/options are more overwhelming than studying for boards. It's the biggest interview of my life, where do you guys recommend I get a suit? I'm thinking Dillards/Nordstrom/J Crew/etc....preferring in the $500 range. Make sure the suit (a...
by lernd
Sun Jun 04, 2017 8:14 am
Forum: Investing - Theory, News & General
Topic: What is the best way to invest for cash flow?
Replies: 18
Views: 2515

Re: What is the best way to invest for cash flow?

Bond mutual funds usually pay a monthly dividend that could be directly deposited into a bank account. Municipal funds can provide can provide tax free income in a given state.

I'm not saying Bond funds are the best way to invest for cash flow, but they are one way to invest for cash flow...
by lernd
Fri May 26, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT ETF ER increased?!?
Replies: 13
Views: 2326

Re: Vanguard REIT ETF ER increased?!?

The OP probably saw a yellow banner across the top of his/her account that said the fund expense has increased from .10 to .12. That's what I saw earlier this week. That's exactly what happened. And I had to do a double-take because usually when that banner appears, it's because the ER is being low...
by lernd
Fri May 26, 2017 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT ETF ER increased?!?
Replies: 13
Views: 2326

Vanguard REIT ETF ER increased?!?

VNQ's ER went up from 0.1% to 0.12%. Come on Vanguard, that's bucking your usual (and awesome) trend! :oops:
by lernd
Tue Apr 11, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Viewing Northern Lights (the full colors)
Replies: 17
Views: 2115

Re: Viewing Northern Lights (the full colors)

As a photohobbyist and someone who went to Iceland a few years ago to see the northern lights, I have the following observations: 3. To the naked eye, there is still plenty of color - I remember greens, red/orange waves. I wouldn't worry too much about not seeing "enough" with the naked eye. Not ne...
by lernd
Tue Apr 11, 2017 9:01 am
Forum: Personal Consumer Issues
Topic: Viewing Northern Lights (the full colors)
Replies: 17
Views: 2115

Re: Viewing Northern Lights (the full colors)

As a photohobbyist and someone who went to Iceland a few years ago to see the northern lights, I have the following observations: 1. You do not want to be looking through your camera, making camera adjustments etc with the northern lights in full effect. Any picture you capture cannot do justice to ...
by lernd
Mon Apr 03, 2017 7:48 am
Forum: Personal Consumer Issues
Topic: Screwed over by the airlines...
Replies: 42
Views: 5909

Re: Screwed over by the airlines...

Do you really want to fly on an airline that skimps on security, ignores weather, and takes risks with mechanical problems? Decisions regarding which flights to cancel are often not security-related....they are often related to the airline's bottom line. Haven't you noticed that sometimes an airlin...
by lernd
Fri Mar 31, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: The order of personal financial sources to pay for kid's college?
Replies: 11
Views: 1158

Re: The order of personal financial sources to pay for kid's college?

You can use any or all of it except No. 5. Keep contributing to 457 as you can not recover that space. Rest is up to you. I would use regular accounts first and even I-bonds ahead of Taxable Mutual fund accounts but it will not make a big difference. I am guessing mutual fund account has gained a l...
by lernd
Wed Mar 15, 2017 7:45 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 12117

Re: $464.12 dinner bill last night. No regrets.

Congrats! And a wonderful story.
by lernd
Fri Mar 03, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Ever dip your feet into individual stocks?
Replies: 63
Views: 4962

Re: Ever dip your feet into individual stocks?

Agree with others who have said they use their "play" money. I have about 1% of total investments in individual stocks, total of about 5 different companies. I have invested in micro/small-cap companies in a field related to my work because it is my belief (correctly or incorrectly) that my speciali...
by lernd
Mon Feb 27, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Understanding an HSA - help
Replies: 9
Views: 1247

Understanding an HSA - help

I have (what may be a silly) question regarding HSAs and High Deductible Health Plans (HDHP): Through a previous employer, an HSA was set up for me as I had a HDHP with that employer. I made annual contributions to the HSA. I have since moved on to another job, but kept that HSA (without making any ...
by lernd
Sun Feb 05, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total Stock Index is not TOTAL?
Replies: 19
Views: 2401

Re: Vanguard Total Stock Index is not TOTAL?

CRSP says the index comprises "nearly 100%" of the market, which isn't very precise. It also says that as of 12/30/2016, the total market cap of the index was $23,417,755 million and that the smallest company in the index had a market cap of $3 million (!). (For comparison, the weighted average cap...
by lernd
Sun Feb 05, 2017 8:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total Stock Index is not TOTAL?
Replies: 19
Views: 2401

Vanguard Total Stock Index is not TOTAL?

I was curious and doing a bit of poking around, from what I can see, there are > 5,000 companies listed on US stock exchanges (the number seems to vary a bit based on the source, and obviously the number changes). In comparison, VTSMX only has about 3500 holdings. 1. are the 1500 or so companies not...
by lernd
Fri Jan 20, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Easy Ways to Save a Little Money (Like Churning)
Replies: 21
Views: 4124

Re: Easy Ways to Save a Little Money (Like Churning)

The word "churning" I think implies it all - the cash back "rewards" are designed to encourage spending.

Another poster said it best that less spending is the best way to save...
by lernd
Thu Jan 12, 2017 1:21 pm
Forum: Personal Consumer Issues
Topic: Home heating options
Replies: 63
Views: 4222

Re: Home heating options

Don't know if it has been said already, but if it is possible, look into geothermal (it will require well drilling on your property). My wife and I did it for our home (new construction) and it is fantastic. It provides both heating/cooling. Older geothermal systems often times needed a "supplementa...
by lernd
Wed Dec 28, 2016 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Minor's inheritance - UGMA? UGMT?
Replies: 6
Views: 462

Re: Minor's inheritance - UGMA? UGMT?

They are 1 and 3 - so looking at about 20 years of growth (without anymore "planned" contributions). with the UGM accounts, they assume control of it at the age of 18 right? Can the account or trust be structured to postpone that until say 25?
by lernd
Wed Dec 28, 2016 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Minor's inheritance - UGMA? UGMT?
Replies: 6
Views: 462

Minor's inheritance - UGMA? UGMT?

My wife's grandfather passed away recently. In his will, he left a small amount of money to each of his great-grandchildren. It's approximately $3,000 for each of our two children (among many great grandchildren). Anyway, my wife and I are trying to figure out what to do once the money is disbursed ...
by lernd
Mon Dec 26, 2016 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Massachusetts 529 plan
Replies: 10
Views: 1423

Re: Massachusetts 529 plan

Effective January 1, 2017 through the 2021 tax year, contributions to Massachusetts 529 plans of up to $1,000 per year by an individual, and up to $2,000 per year by a married couple filing jointly, are deductible in computing Massachusetts taxable income. The deduction doesn't sound like it's per ...
by lernd
Sun Dec 04, 2016 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to define "Retirement?"
Replies: 38
Views: 3328

Re: How to define "Retirement?"

How will you know if you are retired? How do you know that you are retired? What is a good definition/defining moment that signifies retirement? In the simple case, if one works for an organization, puts in their "retirement papers," and then no longer works, that surely is retirement. More complex...
by lernd
Thu Dec 01, 2016 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Is there any no-risk investment option?
Replies: 22
Views: 2023

Re: Is there any no-risk investment option?

Paying down debt that has > 5% interest?
by lernd
Wed Nov 30, 2016 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Does purchase timing (for capital gains) matter in retirement accounts?
Replies: 2
Views: 490

Re: Does purchase timing (for capital gains) matter in retirement accounts?

It is general advice not to purchase shares in a fund if a capital gain is being distributed soon because you are "paying for the capital gain." My question is, if you are doing this within a retirement account, does it really matter since the capital gain does not incur taxation? lernd: The answer...
by lernd
Wed Nov 30, 2016 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Does purchase timing (for capital gains) matter in retirement accounts?
Replies: 2
Views: 490

Does purchase timing (for capital gains) matter in retirement accounts?

It is general advice not to purchase shares in a fund if a capital gain is being distributed soon because you are "paying for the capital gain." My question is, if you are doing this within a retirement account, does it really matter since the capital gain does not incur taxation? Basically, I'd lik...
by lernd
Thu Oct 13, 2016 10:55 am
Forum: Personal Consumer Issues
Topic: Is this ER bill normal (medical billing)
Replies: 64
Views: 6168

Re: Is this ER bill normal (medical billing)

And my apologies to the OP, because when I posted a personal story illustrating that ER doc participation or non-participation in a plan could indeed affect your bill, I didn't know that other posters would seize on it to drag your thread into a more general discussion of what doctors deserve. Toug...
by lernd
Wed Oct 12, 2016 6:43 pm
Forum: Personal Consumer Issues
Topic: Is this ER bill normal (medical billing)
Replies: 64
Views: 6168

Re: Is this ER bill normal (medical billing)

When will people realize that problems with billing/medical costs are a systems problem and not one with physicians. Physician salaries are a minuscule portion of overall healthcare costs. Doctors haven't screwed up the system, people in suits with no medical degrees have. That ER doctor made a corr...
by lernd
Wed Oct 12, 2016 8:45 am
Forum: Personal Consumer Issues
Topic: Vacation in Peru/Ecuador in December
Replies: 10
Views: 1333

Re: Vacation in Peru/Ecuador in December

If you would like to see Machu Picchu and enjoy hiking, I HIGHLY recommend Mountain Lodges of Peru. It's about 7 days of hikes, but you get to sleep in a lodge each night so it's not like you're completely roughing it. You don't do the Inca trail, instead going an alternate route (the Salkantay Trai...
by lernd
Tue Oct 11, 2016 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Third year medical student, where to begin
Replies: 29
Views: 2604

Re: Third year medical student, where to begin

Just thought of some other quick things: 1. Get disability insurance before you finish residency, make sure it is own occupation (specific for your specialty) 2. During medical school and residency you will inevitably be invited to lunches with guest speakers who are financial people. They'll say ho...
by lernd
Tue Oct 11, 2016 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Third year medical student, where to begin
Replies: 29
Views: 2604

Re: Third year medical student, where to begin

As a physician, I would like to add the following advice: Be the best medical student and resident in your chosen field as you can be. I don't want to be a downer, but don't spend too much of your time studying or reading financial books, spend that time learning medicine. Sure, in your free time (i...
by lernd
Sun Oct 09, 2016 6:33 pm
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 139
Views: 23844

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

2. Demonstrations of wealth do not equal wealth. Those cars may be leased at ridiculous cost, colleagues may be mortgaged to the hilt and up to their eye balls in debt. What you think people own may actually be rented. You don't know the arguments they've had at home about bills, or the stress fina...
by lernd
Sun Oct 09, 2016 9:18 am
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 139
Views: 23844

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

I know what you are talking about. When I finished my residency and took my first attending physician job, it was in a wealthy town. I parked my Civic in the physicians' lot and it was hard not to notice that is was one of the few non-luxury cars (though my favorite car in the lot was a 20+ year old...
by lernd
Fri Oct 07, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Target Retirement 2030? Something else?
Replies: 16
Views: 1847

Re: Target Retirement 2030? Something else?

Most Target Retirement Date Funds (including Vanguard's) likely operate with the assumption that they exist in tax sheltered accounts - 401ks, IRAs etc. Therefore, they are not designed to necessarily be tax efficient, and looking at Vanguard Target Retirement 2030, short term capital gains have bee...
by lernd
Wed Oct 05, 2016 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Making my own target retirement fund?
Replies: 10
Views: 1117

Making my own target retirement fund?

My 401K has some great choices (ie: Vanguard funds!) and some terrible choices - actively managed, high ERs, crap. The 401k setup has a method for creating a target retirement date like system of auto rebalancing, but the problem is it uses all the high ER funds and not the Vanguard ones. One thing ...
by lernd
Mon Oct 03, 2016 9:27 am
Forum: Investing - Help with Personal Investments
Topic: zero-dividend investing in taxable account
Replies: 58
Views: 8665

Re: zero-dividend investing in taxable account

ough. You add a lot of risk to avoid or rather postpone realizing a puny 2% dividend. The "puny" 2% dividend is 0.48% annual tax drag (plus 0.05% ER), which adds up over the decades. I would refer you to https://www.bogleheads.org/wiki/Tax-efficient_fund_placement and take a look at the "Appendix: ...
by lernd
Sat Sep 24, 2016 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: bonds in taxable account?
Replies: 6
Views: 1009

Re: bonds in taxable account?

Looking to put about 30% of our taxable account into bond funds. Lernd: It is not clear if you have stocks in your retirement accounts. If so, you should probably exchange these stocks for higher yielding taxable bonds before placing tax-exempt bonds in taxable accounts? Best wishes Taylor I keep m...
by lernd
Sat Sep 24, 2016 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: bonds in taxable account?
Replies: 6
Views: 1009

Re: bonds in taxable account?

To clarify, I am interested in Bond Mutual funds. Not interested in purchasing individual bonds myself. Sorry if that was confusing.
by lernd
Sat Sep 24, 2016 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: bonds in taxable account?
Replies: 6
Views: 1009

bonds in taxable account?

Hi, Need some advice about what type of bond MF might be good in a taxable account. Wife and I currently maxing retirement accounts, both in our Mid-30s, live in Massachusetts with 5.1% income tax, federal marginal tax bracket of 33%. Using Vanguard. Looking to put about 30% of our taxable account i...
by lernd
Fri Sep 09, 2016 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Gas station - good business?
Replies: 69
Views: 6856

Re: Gas station - good business?

I'm always weary of ads in the paper listing "businesses" for sale in industries I know nothing about. Seems like the guy selling the business probably knows more about it than I do and has determined that it's not worth it hence the for sale ad. And offering to buy someone's profitable business? We...
by lernd
Fri Sep 09, 2016 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: exchange vs sell?
Replies: 13
Views: 3134

Re: exchange vs sell?

unfortunately (or fortunately?) it's in a taxable account. Thank you for the information and tip about dividend switching (though it'll take a while to rebalance that way)