Search found 307 matches

by mac808
Sat Dec 03, 2016 4:46 pm
Forum: Investing - Theory, News & General
Topic: P2P Lending Dead
Replies: 33
Views: 3267

Re: P2P Lending Dead

I've averaged >7% return for years at LendingClub with >$100k invested among thousands of notes. I have another $50k in a real estate focused hard money P2P marketplace created by a few friends who are tremendous operators (and just raised a Series A from great Silicon Valley funds) that has been yi...
by mac808
Fri Dec 02, 2016 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Is This Insane?
Replies: 28
Views: 3327

Re: Is This Insane?

I worry that the future performance of US small caps might not match the past as the trend is now for the hottest companies (Facebook, Uber, Pinterest, Airbnb, etc) who push up the averages to remain private much longer. Microsoft, Oracle, etc for example, if started today, would have likely remaine...
by mac808
Wed Nov 30, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 9429

Re: Feeling like you've "made it"

I think it's a personality trait of ambitious people and thus never goes away completely. It mellows with age. I found that keeping a high savings rate (and low spending rate/avoiding the hedonistic treadmill) was the source of great peace of mind for me as time went on, because I knew that no matte...
by mac808
Wed Nov 30, 2016 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Trust with a spendthrift heir
Replies: 18
Views: 2279

Re: Trust with a spendthrift heir

Why not just have the trust dividend out 4% annually for as long as it lasts? No need to burden the siblings with allowance oversight when you can encode a safe withdrawal rate into the trust document itself.
by mac808
Sun Nov 27, 2016 8:23 pm
Forum: Personal Consumer Issues
Topic: Why do reviewers love the Dell XPS 13 but users don't?
Replies: 57
Views: 4838

Re: Why do reviewers love the Dell XPS 13 but users don't?

I bought a Dell XPS 13. Loved it at first. As others have mentioned, Dell reliability and customer service (when problems need to be fixed) have gone way, way down. I had such a bad experience that I will not buy from Dell again.
by mac808
Fri Nov 25, 2016 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Here We Go Again: SWR 2.5% or 5.5%?
Replies: 111
Views: 10896

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. Also, no one spends the same amount at 87 as the do at 63, so the whole "everything must be perfect engineered and I will withdrawal exactly 2.7...
by mac808
Mon Nov 21, 2016 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 6489

Re: Double Check Figures: Affording $1M Home

I would stay put and save money like possessed demons. Now's the time to do it, before kids arrive and challenge a lot of assumptions you had about your future lifestyle.
by mac808
Mon Nov 21, 2016 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Tax brkts for 2017 from Oblivious Investor
Replies: 2
Views: 852

Re: Tax brkts for 2017 from Oblivious Investor

Anything is possible but due to political changes I'm anticipating that the top Federal tax bracket will be lower in 2017 than it is in 2016, and making some end of year changes accordingly.
by mac808
Sun Nov 20, 2016 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 4262

Re: Wealth advisory services

I was in a similar boat at one point in my life, a little younger than you. I told my SO that we could spend 2.5% of what we have saved (our calculated SWR resulting in no capital depletion). It was around $250k pre tax. Life was great and keeps getting better. I pay for housing and common expenses...
by mac808
Sun Nov 20, 2016 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 4262

Re: Wealth advisory services

I was in a similar boat at one point in my life, a little younger than you. I told my SO that we could spend 2.5% of what we have saved (our calculated SWR resulting in no capital depletion). It was around $250k pre tax. Life was great and keeps getting better. I pay for housing and common expenses ...
by mac808
Sat Nov 12, 2016 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Will new social security policies change choices?
Replies: 4
Views: 813

Re: Will new social security policies change choices?

It's unlikely that any eventual changes would impact those within 10 (or more) years of retirement.
by mac808
Sat Nov 12, 2016 2:02 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25566

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Among my dozen or so close friends I've noticed a trend that those with a lot of insecurity (usually due to rough childhoods) tend to gravitate more towards conspicuous consumption, an extreme amount of expensive designer brands, and so forth, whereas those without that level of insecurity don't car...
by mac808
Sat Nov 12, 2016 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Wealthy aunt is willing to allow me borrow $$ for medical school. How to best approach this?
Replies: 70
Views: 6559

Re: Wealthy aunt is willing to allow me borrow $$ for medical school. How to best approach this?

As others have mentioned, read up on PSLF. It's an amazing deal for MDs. Especially if you go to an expensive private med school & then don't match into a high paying specialty.
by mac808
Wed Nov 09, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: Medical practice partnership - schedule issues - advice needed
Replies: 41
Views: 2471

Re: Medical practice partnership - schedule issues - advice needed

How long until one of the older partners retires? Can you ''wait it out'' or is the time horizon too far out?
by mac808
Mon Nov 07, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Deposit Box Fee (Bank of America)
Replies: 19
Views: 1778

Re: Safe Deposit Box Fee (Bank of America)

I keep $100k in a ML brokerage account in order to qualify for their highest loyalty tier (primarily for the credit card benefits) and they waived the fee on the smallest type of safety deposit box for me.
by mac808
Sat Nov 05, 2016 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Another "helping my in-laws with their investment"...
Replies: 4
Views: 711

Re: Another "helping my in-laws with their investment"...

Early 80s female is tough call to make. I manage finances for a relative who is in her early 90s (and good health) and I just went with the CD ladder as she has enough cash to cover about fifteen years worth of expenses. I didn't see the risk (market crash) balancing out the reward (heirs inherit mo...
by mac808
Thu Nov 03, 2016 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much to leave young kids? And Trust legal questions
Replies: 25
Views: 2897

Re: How much to leave young kids? And Trust legal questions

I would leave kids as much as possible. It's likely there are at least a few decades of extreme economic uncertainty ahead of us, due to automation, AI, and related structural issues. I'd like to give my kids as much of a safety net as possible to weather the storm.
by mac808
Mon Oct 31, 2016 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Selling practice for a lump sum
Replies: 39
Views: 3531

Re: Selling practice for a lump sum

I don't think you have said what type of medical practice/specialty this is? Might affect my thinking. Also, what happens after 5 years? I assume at that time you will have "earned" your entire buyout. If so, what are the rules on leaving. Is there a local non-compete? I would expect you ...
by mac808
Wed Oct 26, 2016 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Dream house sold yesterday :(
Replies: 41
Views: 6814

Re: Dream house sold yesterday :(

You'd be amazed how many properties fall out of escrow. Let the agent know you want to put in a backup offer (some will accept it, others wont; but either way your interest has been noted) and see what happens. I wouldn't count on anything but you never know.
by mac808
Tue Oct 25, 2016 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 10979

Re: 2017 ACA plan previews

Data point: 30 year old male, single, no tobacco use or children. The cheapest bronze plan available with an HSA eligible account has a monthly deductible of $246.64, a deductible of $5500, and an out of pocket max of $6550. So nothing is really covered for the first $9510. That doesn't seem like h...
by mac808
Mon Oct 24, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 10979

Re: 2017 ACA plan previews

Thanks for the update. Anyone know if there are options outside of the ACA plans that meet the requirement for having insurance? Just one provider in my area and I don't like the options I'm being given and my income is too high for any subsidies. Maybe the wife needs to go back to work to get empl...
by mac808
Sun Oct 23, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Medical practice (Neurology) buy-in
Replies: 28
Views: 1878

Re: Medical practice (Neurology) buy-in

They want me to buy-in using cash, I don't think that's reasonable. But if I do buy-in and become a partner, when they eventually sell to hospital/corporation, I will get some money back, right. Otherwise, why would you want to buy-in to a practice. Any other big problems if I continue to work with...
by mac808
Sun Oct 23, 2016 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Medical practice (Neurology) buy-in
Replies: 28
Views: 1878

Re: Medical practice (Neurology) buy-in

They lease the office space but owns their equipment including EEG and EMG machines. As per the senior partner, they invested money for getting on insurance panels, hospital credentialing, EMR, employee salaries etc. My biggest reason for seeking opinion is to understand if other people stay in a p...
by mac808
Sun Oct 23, 2016 11:39 am
Forum: Personal Consumer Issues
Topic: How many have moved from California due to Cost of Living?
Replies: 108
Views: 10905

Re: How many have moved from California due to Cost of Living?

For all those saying that individual compensation in SF Bay / SV is no higher than lower cost-of-living areas, I genuinely ask, then how are home prices so extraordinarily high? Maybe my mental model is broken, but I assumed that home prices in any area were mostly driven by prevailing household in...
by mac808
Sun Oct 23, 2016 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Medical practice (Neurology) buy-in
Replies: 28
Views: 1878

Re: Medical practice (Neurology) buy-in

How do they arrive at the $10 million dollar figure? What hard assets do they own (office building, equipment, ASC, etc)? What's the average profit per partner?

If the $10 million is ''good will'' (local reputation and referral networks and similar) then you're getting swindled.
by mac808
Sat Oct 22, 2016 7:58 pm
Forum: Personal Consumer Issues
Topic: How many have moved from California due to Cost of Living?
Replies: 108
Views: 10905

Re: How many have moved from California due to Cost of Living?

That's interesting our experience was nearly the opposite with our move to AZ and even Germany. We relocated from was a blue collar (I will now say middle class) neighborhood in the SF Bay Area. Plenty of SF and other peninsula city cops and firefighters as well as contractors live in my town. Now ...
by mac808
Sat Oct 22, 2016 6:29 pm
Forum: Personal Consumer Issues
Topic: How many have moved from California due to Cost of Living?
Replies: 108
Views: 10905

Re: How many have moved from California due to Cost of Living?

I spent a lot of time in the Bay Area but decided not to settle down there full time (even though I could afford to live well there within my FIRE budget). There were two reasons. First, I hated that the high cost of living had driven out pretty much every middle class and non-tech professional. It ...
by mac808
Tue Oct 18, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: Can gold and real estate grow in real terms in the very long run?
Replies: 32
Views: 2553

Re: Can gold and real estate grow in real terms in the very long run?

Once the global birth rate falls below replacement rate then the specter of falling population should become a significant headwind to real estate. (Of course, other developments could counteract this - radical life extension, for example, would allow global population to increase or remain stable e...
by mac808
Wed Oct 05, 2016 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: (Yet Another) Inheritance portfolio plea for advice
Replies: 24
Views: 2625

Re: (Yet Another) Inheritance portfolio plea for advice

What were your income & expenses last year? What was your net worth prior to the inheritance?
by mac808
Fri Sep 30, 2016 2:24 pm
Forum: Personal Consumer Issues
Topic: Does it matter what type of college one goes to?
Replies: 250
Views: 14792

Re: Does it matter what type of college one goes to?

Better schools tend to have smarter, more accomplished, more motivated peer groups for students. ''You are the average of the 5 people you spend the most time around'' and what not. I went to HYPSM and the brand name effect is real and powerful. I think the brand name effect starts to drop off soone...
by mac808
Wed Sep 28, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: latest scandal has me thinking of leaving Wells Fargo
Replies: 36
Views: 3460

Re: latest scandal has me thinking of leaving Wells Fargo

I read about the scandal last week and decided to review a Wells Fargo checking account I have had open (without much activity) for the last year. I found a lot of suspicious activity and one transaction that I believe to be fraud. To their credit, the central exec remediation team that has been set...
by mac808
Wed Sep 28, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private high school in the good school district worth investing?
Replies: 78
Views: 6815

Re: Is Private high school in the good school district worth investing?

Since you don't own a house yet do you potentially have the ability to relocate into a neighborhood with a great public school district? As far as Public vs Private - the SF Bay Area is a huge place. Palo Alto, Menlo Park, and Atherton have some of the best public high schools in the US. Outside of ...
by mac808
Sat Sep 10, 2016 4:52 pm
Forum: Investing - Theory, News & General
Topic: Negative yields a consequence of declining population?
Replies: 10
Views: 1157

Re: Negative yields a consequence of declining population?

I think some famous historian said that ''Demography is Destiny''. I agree with that. Declining populations in the first world (and globally I believe excluding Africa) will radically change assumptions about how economics should work and the future pricing of assets. Combine that with VR/AR and it ...
by mac808
Fri Sep 09, 2016 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can we disprove the 3% perpetual withdrawal rate?
Replies: 36
Views: 3417

Re: Can we disprove the 3% perpetual withdrawal rate?

A.) I am a (26/31/42) year old who (sold a business/retired from Poker/inherited a windfall) worth ($1.3M/$4.2M/$57M), how much can I take out each year and still have this money last the rest of my life B.) My spouse and I are 54 - 66 and want to retire, our portfolio value is 25x our annual expen...
by mac808
Tue Sep 06, 2016 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Navy Fed "code word"--is this the wave of the future?
Replies: 30
Views: 3662

Re: Navy Fed "code word"--is this the wave of the future?

Sounds like they are asking you to create a second password, and I would just treat it as such. 2-factor authentication using a phone to text a temporary PIN is by far my favorite backup security method and I'm starting to nag all the institutions I do business with to get it set up. I believe Fidel...
by mac808
Mon Sep 05, 2016 2:42 am
Forum: Personal Finance (Not Investing)
Topic: Opening a medical office...Can it still be done?
Replies: 18
Views: 3120

Re: Opening a medical office...Can it still be done?

How is AMC penetration in your area?
by mac808
Wed Aug 31, 2016 7:12 pm
Forum: Investing - Theory, News & General
Topic: Sometimes this time really is different
Replies: 41
Views: 5203

Re: Past performance does not guarantee future returns

But with bond yields the way they are.. what would a SWR look like? 1%? "SWR" can never fall below 3.33%. The SWR is defined as "the spending level that is 'guaranteed' to last 30 years". It makes no statements about lasting 31 years or longer. You can always buy a 30-year TIPS ...
by mac808
Wed Aug 31, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Starting a CPA firm
Replies: 15
Views: 1324

Re: Starting a CPA firm

I'll speak from the perspective of an entrepreneur and small business owner. A great CPA is hard to find. If you're hard working, knowledgeable and available on call for questions/problems then you should have no trouble building up a client base in no time. You'd be amazed how much money you can ma...
by mac808
Wed Aug 31, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Parent Obamacare Tax Penalty For College Student
Replies: 31
Views: 2372

Re: Parent Obamacare Tax Penalty For College Student

How old are you and what is your insurance? I believe kids can stay on parents plan until 26.
by mac808
Tue Aug 30, 2016 12:49 am
Forum: Personal Consumer Issues
Topic: Which physician job offer would you go for and why?
Replies: 39
Views: 4477

Re: Which physician job offer would you go for and why?

I've seen close friends and relatives go through q2 and q3 call and it creates a lot of burnout. There's no way the extra pay is worth the extra call, even if that was the only difference between the two gigs. He could probably provide locums coverage for vacationing nephrologists or even pick up ED...
by mac808
Mon Aug 29, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Spine injury - How can I get health insurance?
Replies: 37
Views: 3938

Re: Spine injury - How can I get health insurance?

If you live in California then you should qualify for Medi-Cal, CA's version of medicaid which the ACA expanded. 1 in 3 Californians receive free health care under Medi-Cal. Yes, but is this better than employer-health care? I think I have limited providers that I can see. I am wanting to consult p...
by mac808
Mon Aug 29, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Spine injury - How can I get health insurance?
Replies: 37
Views: 3938

Re: Spine injury - How can I get health insurance?

If you live in California then you should qualify for Medi-Cal, CA's version of medicaid which the ACA expanded. 1 in 3 Californians receive free health care under Medi-Cal.
by mac808
Sun Aug 28, 2016 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 205
Views: 23018

Re: $50M+ - Need a sounding board/advice

OP netted a lot of money. One time. And how does it go from here. Can OP replicate it? If so, then this forum is of no use. I believe your comment that Brown Brother Harriman "excel at separating clueless wealthy families from their money via inflated annual fees" is disrespectful and unw...
by mac808
Sun Aug 28, 2016 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 205
Views: 23018

Re: $50M+ - Need a sounding board/advice

Brown Brothers Harriman - https://www.bbh.com/en-us You have the kind of money that will benefit from professional advice. You can thank me later. These guys are active managers. They seem to be Value investors following the disciplines of Benjamin Graham. I see references here to "intrinsic v...
by mac808
Sat Aug 27, 2016 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 205
Views: 23018

Re: $50M+ - Need a sounding board/advice

I'm not too far behind you and manage everything myself. I have the bulk (80%+) in a lazy portfolio at Fidelity. With the remainder I have small allocations in seed investing, peer to peer lending, private equity, gold coins, etc. Areas that interest me. I used to have a bunch of rental houses but t...
by mac808
Thu Aug 25, 2016 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for 28 Year Old Hippie
Replies: 41
Views: 4798

Re: Annuity for 28 Year Old Hippie

I might recommend going for something like DVY over total index so that he can pull out closer to 4% in dividend income, recognizing that he'll be sacrificing higher total return over time. I think a true SWR at his age is likely around 2.5% but that may simply be too low for him to tolerate and he ...
by mac808
Thu Aug 25, 2016 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for 28 Year Old Hippie
Replies: 41
Views: 4798

Re: Annuity for 28 Year Old Hippie

Thanks to all for the input. I'm talking to him next week and will recommend a fee-only advisor and a 4% SWR presumably in a 70/30 ish lazy portfolio. He wants at least some cash flow now so can't totally set it and forget about it for 40 years. I was asked for advice directly but more along the lin...
by mac808
Tue Aug 23, 2016 3:38 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for 28 Year Old Hippie
Replies: 41
Views: 4798

Re: Annuity for 28 Year Old Hippie

Thanks for the feedback. Any thoughts on a better setup for a young kid like this? Trying to steer clear of an irrevocable trust due to the lack of anyone willing to be a non corporate trustee and the relatively low AUM.
by mac808
Tue Aug 23, 2016 12:01 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for 28 Year Old Hippie
Replies: 41
Views: 4798

Annuity for 28 Year Old Hippie

A friend's younger brother came to me for advice upon receiving a sizeable (mid six figures) financial inheritance. Suffice it to say that this young man fits the profile of someone who will blow through these funds within a couple years, at most. He has minimal income from part-time minimum wage jo...
by mac808
Mon Aug 22, 2016 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: How much MLP is reasonable in a portfolio?
Replies: 18
Views: 1341

Re: How much MLP is reasonable in a portfolio?

The short answer is no, MLPs have no place in 99% of balanced portfolios. Most of them are yield chasing principal risking demons.

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