Search found 218 matches

by mac808
Fri Apr 29, 2016 12:17 am
Forum: Investing - Theory, News & General
Topic: LendingClub/P2P the next subprime credit debacle?
Replies: 4
Views: 305

Re: LendingClub/P2P the next subprime credit debacle?

My understanding is that LendingClub functions similar to a credit card company, say American Express or Capital One. They find and vet borrowers, and on the back end, instead of investing their own capital and earning a return on it, they bring in outside investors and take a cut. Since the whole p...
by mac808
Wed Apr 27, 2016 11:32 am
Forum: Investing - Theory, News & General
Topic: Why Are Real Interest Rates So Low Worldwide?
Replies: 65
Views: 5074

Re: Why Are Real Interest Rates So Low Worldwide?

So if a Central Bank is "credible" markets believe, eventually, that it will reign in this inflation creating money out there . And so they act as if any rise in money supply and inflation is only temporary . Taking a simplified UK case in 2007 we had around £500B of debt, QE after 2008 r...
by mac808
Tue Apr 26, 2016 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Specialists Looking for career advice
Replies: 41
Views: 4188

Re: Physician Specialists Looking for career advice

I think this really depends on the specialty. Other specialties (particularly surgical sub-specialists as well as gastroenterologists) can still make it in private practice. (Although I strongly suggest against trying to go into solo practice for just about any specialty outside of pure aesthetics....
by mac808
Tue Apr 26, 2016 11:26 am
Forum: Investing - Theory, News & General
Topic: Why Are Real Interest Rates So Low Worldwide?
Replies: 65
Views: 5074

Re: Why Are Real Interest Rates So Low Worldwide?

It's interesting being a participant in this great ongoing economic experiment that is ZIRP. One observation I've had is that ZIRP screams to people, ''maximize your human capital'' because returns on financial capital are so low. This results in a natural tendency to want to invest in yourself, fin...
by mac808
Mon Apr 25, 2016 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Relocating to a tax free state with good weather need advice
Replies: 97
Views: 7946

Re: Relocating to a tax free state with good weather need advice

I think Las Vegas is the #1 underrated destination for retirees. As Vegas' focus shifts away from gambling towards entertainment I expect the population to boom. A trickle of retirees from SoCal can fast become a flood. Re: Texas, keep in mind that higher property taxes act as an anchor to keep pric...
by mac808
Tue Apr 05, 2016 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rate with zero growth
Replies: 38
Views: 2745

Re: Safe withdrawal rate with zero growth

Here you go: https://www.bogleheads.org/forum/viewtopic.php?t=188332 Reading through that reminds me how supportive the tax code is for families wanting to retire early in the $150k/year ($4-5m in assets or equivalent) range. I understand the economics and tax policies behind it but it's still incr...
by mac808
Tue Apr 05, 2016 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rate with zero growth
Replies: 38
Views: 2745

Re: Safe withdrawal rate with zero growth

There was also an interesting thread yesterday about how you pay very little taxes in $150k ish of dividend and LTCG income. Do you have a link or remember the subject line? I couldn't figure out which thread you were talking about. Here you go: https://www.bogleheads.org/forum/viewtopic.php?t=1883...
by mac808
Tue Apr 05, 2016 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rate with zero growth
Replies: 38
Views: 2745

Re: Safe withdrawal rate with zero growth

Keep in mind it's all relative. If returns are that low for that long then a lot of problems will occur - pension funds will start to fail and benefits will be cut, home prices will decline, etc. I care less about my absolute level of wealth and more about my relative level of wealth, relative to th...
by mac808
Mon Apr 04, 2016 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Couple needs some good advice from Bogleheads
Replies: 30
Views: 2791

Re: Couple needs some good advice from Bogleheads

When/if the market declines you might panic and decide not to invest then, either. Just dollar cost average 10% of your cash (+ new savings) into your desired equities/fixed income asset allocation mix on the 1st of the month over the next 10 months. Don't second guess it. I've been where you are an...
by mac808
Fri Apr 01, 2016 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts On Preserving An Inheritance
Replies: 22
Views: 1855

Re: Thoughts On Preserving An Inheritance

Set up a perpetual dynastic trust that gives you 3.5% (+ .5% admin fees for a 4% SWR) per year in income. Upon your demise, your kids inherit the right to that income. Upon your kids' demise, your grandkids inherit, and so on and so forth until the end of capitalism. I know a family that set it up t...
by mac808
Wed Mar 30, 2016 12:00 am
Forum: Investing - Help with Personal Investments
Topic: Small business owner with Merrill has regrets
Replies: 13
Views: 1562

Re: Small business owner with Merrill has regrets

You might be a good candidate for fee-only asset management services, where you pay somebody an hourly fee to help you whenever needed. It would certainly come out to less than you are paying now. I'm always surprised when I see 1.5% commission plus high ER funds. In a world of possible 3% real retu...
by mac808
Mon Mar 21, 2016 11:11 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 10768

Re: How have your homes as investments done?

My aunts and uncles all live in California and almost all of them made more money from real estate appreciation than from their w2 income over their working years. This phenomenon seems unlikely to reoccur and sometime I wonder how that will affect the future. When comparing returns to the stock mar...
by mac808
Sun Mar 20, 2016 1:52 am
Forum: Personal Consumer Issues
Topic: Importance of parental involvement in education.
Replies: 31
Views: 2386

Re: Importance of parental involvement in education.

Bite the bullet and pay for private school. Peers matter as much as parents. Make sure they spend their time in a culture that encourages learning, ambition, and success.
by mac808
Mon Mar 14, 2016 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: 28 year old, $6mm, how to retire?
Replies: 71
Views: 13570

Re: 28 year old, $6mm, how to retire?

I was in your exact situation at 28. You learn pretty quickly that there are two different Americas - one expensive, one cheap. It depends where you live. If you want to live a comfortable lifestyle in NYC, SF, or LA, and not work again, then $6m is probably not enough. There is so much extreme weal...
by mac808
Fri Mar 11, 2016 3:20 am
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 4875

Re: Advice for physician asking for a raise

Start looking for another job. The best way to get a big raise is to say I'm leaving unless you give me a big raise and mean it. This. Your only bargaining chip is the ability to walk away. Although it's a little different, my group of 4 docs recently met with our local hospital CEO requesting that...
by mac808
Tue Mar 08, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge - Good for trading?
Replies: 34
Views: 2174

Re: Merrill Edge - Good for trading?

I moved some money over there recently because of the free trading. So far so good. They also had a cash promo bonus that would give you a few hundred dollars depending upon how much money you moved over (300 bucks in return for $100k, I think).
by mac808
Thu Mar 03, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: Books on how finance industry works
Replies: 4
Views: 551

Re: Books on how finance industry works

I really enjoyed the following historical finance books which give you a glimpse into how things worked in the 80s and 90s (not too dissimilar from today as human nature never really changes): The Predator's Ball about Michael Milken of Drexel Burnham the Junk Bond King who fueled the 80s m&a ma...
by mac808
Thu Mar 03, 2016 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Has your number changed?
Replies: 52
Views: 5940

Re: Has your number changed?

My number started out lower when I was in college and first read about Bogleheads over at early-retirement.org. By myself I'm blessed to enjoy frugal hobbies and desires so my number was relatively low. As I got older and realized how expensive having a family can be, the number jumped up. More rece...
by mac808
Wed Mar 02, 2016 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Life lessons: Making loans to friends. Insights? Revelations?
Replies: 191
Views: 19089

Re: Life lessons: Making loans to friends. Insights? Revelations?

I loaned about $20k each to two of my best friends. It was 2010. I had just sold a business and they were each having a tough time. It was <1% of my net worth and I didn't know how I could justify traveling and spending lots of money on entertainment when some of my best friends were working hard bu...
by mac808
Sat Feb 27, 2016 12:25 pm
Forum: Personal Consumer Issues
Topic: Time To Quit My Job?
Replies: 53
Views: 4695

Re: Time To Quit My Job?

Where do you live? Silicon Valley?
by mac808
Fri Feb 26, 2016 6:27 pm
Forum: Personal Consumer Issues
Topic: Time To Quit My Job?
Replies: 53
Views: 4695

Re: Time To Quit My Job?

It's a hard call to make without knowing details about the business, as it could range from either a flash in the pan to something solid with a lot of potential value and growth ahead of it. Another option would be to find a partner who could help scale the business and allow you to hedge your bets....
by mac808
Fri Feb 26, 2016 5:24 am
Forum: Investing - Theory, News & General
Topic: personal savings rate vs the general population
Replies: 69
Views: 8888

Re: personal savings rate vs the general population

Thanks to the knowledge gained in large part from this forum I volunteer offline helping folks with their finances and retirement planning. I've helped a few dozen people by this point, a broad selection of the population from different walks of life. I am constantly surprised by how well off many m...
by mac808
Sun Feb 21, 2016 6:17 am
Forum: Personal Consumer Issues
Topic: Don't understand nutrition and exercise
Replies: 340
Views: 24445

Re: Don't understand nutrition and exercise

Cut carbs except for veggies. Carbs are the enemy, especially sugar (even moderate to high amounts of naturally occurring sugar) which in studies has proven to be many times more addictive than cocaine. (Hate to break it to you but that Banana you are eating every day is like the Kit Kat bar of the ...
by mac808
Fri Feb 19, 2016 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Lynch Private Wealth Advisor
Replies: 38
Views: 3453

Re: Merrill Lynch Private Wealth Advisor

I've only seen private wealth advisers be useful in a few circumstances. One - you have absolutely no interest in being involved in your own finances and need somebody else to do it all for you (if you're on this board, this probably doesn't apply to you). Two - you learn the boglehead methods but p...
by mac808
Wed Feb 17, 2016 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Applied for 100 jobs, no callbacks. What's up?
Replies: 103
Views: 8570

Re: Applied for 100 jobs, no callbacks. What's up?

With the unemployment rate around 5% you would think demand would be high. I am an MD and the job market in radiology is poor particularly around metro and desirable areas with low demand and plethora of undesirable situations such as employee night jobs. There are other medical specialties with we...
by mac808
Wed Feb 17, 2016 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Applied for 100 jobs, no callbacks. What's up?
Replies: 103
Views: 8570

Re: Applied for 100 jobs, no callbacks. What's up?

From what I've seen, hiring has frozen up significantly since shortly after New Years. I think companies are waiting to see which way the economy turns.
by mac808
Sun Feb 14, 2016 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security for Parents
Replies: 15
Views: 1215

Re: Social Security for Parents

Tax planning is often a point in favor of waiting as well, but it's very case-by-case. Yes I've been trying to run the math on this as well. Right now they are in the highest Federal income tax bracket and pay New York State income tax as well. After 70 they want to move to Florida and should drop ...
by mac808
Sat Feb 13, 2016 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security for Parents
Replies: 15
Views: 1215

Re: Social Security for Parents

Gotcha, thanks. So if my mom had a record of her own, even if it was minimal, she would be able to file for her own benefit at FRA and then switch over to spousal (assuming it was greater) at 70? Mom needs a minimum of 40 quarters to qualify on her own record for SS. At the rate of 4 quarters per y...
by mac808
Sat Feb 13, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security for Parents
Replies: 15
Views: 1215

Re: Social Security for Parents

Gotcha, thanks. So if my mom had a record of her own, even if it was minimal, she would be able to file for her own benefit at FRA and then switch over to spousal (assuming it was greater) at 70?
by mac808
Sat Feb 13, 2016 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security for Parents
Replies: 15
Views: 1215

Social Security for Parents

I read through a bunch of SS threads but was hoping to run my own situation by folks just to confirm my understanding of the new rules is correct. It's actually my parents' situation as they are financially clueless and have asked me to figure out the optimal path for them. My parents are both 64, m...
by mac808
Sat Feb 13, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is the high cost of living in Northern VA/DC worth it?
Replies: 49
Views: 3257

Re: Is the high cost of living in Northern VA/DC worth it?

From what I hear Northern VA is expensive because it has amazing schools and is close to DC. Lots of Government workers who have been there for a long time with stable, decent jobs. If you like the Northeast then NoVa is about as far south as you can go and still retain some of that Northeastern cu...
by mac808
Sat Feb 13, 2016 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: I am leaving too much $ on the table by retiring 1 year early?
Replies: 36
Views: 3905

Re: I am leaving too much $ on the table by retiring 1 year early?

Does the pension start immediately upon retirement or at some later date like when you turn 65?

Do you hate your job or are you merely ambivalent?
by mac808
Sat Feb 13, 2016 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is the high cost of living in Northern VA/DC worth it?
Replies: 49
Views: 3257

Re: Is the high cost of living in Northern VA/DC worth it?

From what I hear Northern VA is expensive because it has amazing schools and is close to DC. Lots of Government workers who have been there for a long time with stable, decent jobs. If you like the Northeast then NoVa is about as far south as you can go and still retain some of that Northeastern cul...
by mac808
Sun Feb 07, 2016 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Live off Inheritance for 3 Years, or Withdraw from 401k
Replies: 12
Views: 1356

Re: Live off Inheritance for 3 Years, or Withdraw from 401k

You need $85k before taxes or after taxes?

Do you think this need will decline once the kids go off to college? If so, by how much?
by mac808
Fri Feb 05, 2016 12:46 am
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 12037

Re: Clueless college new grad 22 yo, 200k income looking to start saving

Bogleheads, I vote to just let this kid continue on the path he's clearly determined to travel. He is smart and will learn as he goes and eventually figure it out; I don't see welfare and destitution in his future. In the meantime, we all benefit from his effort to prop up consumer spending. I did n...
by mac808
Thu Feb 04, 2016 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 12037

Re: Clueless college new grad 22 yo, 200k income looking to start saving

I'm just going to say that I find the story here to be less than believable. A 22 year old making 200k a year is difficult to believe, especially since 180k is salary and 20k is consulting work. If a person is making 180k a year, as others have noted, they're probably working long hours and I'm not...
by mac808
Thu Feb 04, 2016 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 12037

Re: Clueless college new grad 22 yo, 200k income looking to start saving

Thanks to those of you, particularly forevernaive, that actually took the time to analyze my situation and provide useful advice. In particular, buying a property early and renting it out has definitely been on my radar, though it might take 5+ years or so instead of the optimistic three which I pr...
by mac808
Wed Feb 03, 2016 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 12037

Re: Clueless college new grad 22 yo, 200k income looking to start saving

Hey moonhalf, are you two signing a pre-nup or not?

If not, then it doesn't matter much who pays for what since it'll all be co-mingled soon anyway.
by mac808
Fri Jan 29, 2016 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 7007

Re: The Boglehead Way of Employment

Software development or health care. Job security > high salary. Whether you enjoy it or not is largely a function of the environment and co-workers (from my experience), so if you are miserable, try changing that up before you jump into an entirely new field. And like Emergdoc said, get something g...
by mac808
Fri Jan 29, 2016 12:59 pm
Forum: Investing - Theory, News & General
Topic: Japan reduces interest rates below 0
Replies: 16
Views: 2870

Re: Japan reduces interest rates below 0

If you keep a few thousand dollars in a checking account with a $5/month maintenance fee and no interest, then you're effectively paying negative interest. Same idea.
by mac808
Thu Jan 21, 2016 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Screwed up tax loss harvesting
Replies: 17
Views: 1127

Re: Screwed up tax loss harvesting

When I TLH I buy and sell within a few minutes. It's just gambling/marketing timing otherwise.
by mac808
Wed Jan 20, 2016 5:21 am
Forum: Personal Finance (Not Investing)
Topic: Insane Notice / Counter Offer Situation
Replies: 61
Views: 5285

Re: Insane Notice / Counter Offer Situation

Once you give notice, you have to leave. It never really works out otherwise. If somehow they convince you to stay, they will just end up resenting you and it won't work. Good luck at the new job.
by mac808
Thu Jan 07, 2016 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance questions.
Replies: 20
Views: 1897

Re: Inheritance questions.

You won't know until the funds are verified but if you are actually inheriting high 8 into 9 figures (dollars not pesos) you should retain a trust company to function as a small family office for you. Your biggest issue >= that level is generational and tax planning and that's where the good firms a...
by mac808
Sun Jan 03, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another topic about finances and marriage - premarital assets
Replies: 20
Views: 1115

Re: Yet another topic about finances and marriage - premarital assets

Are you going to get a pre-nup as well or are you just wanting to segment pre-marital from post-marital assets?
by mac808
Tue Dec 29, 2015 1:48 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 6102

Re: Buying a house with no money down

Still does not change the fact that a person can choose to spend more or less on housing. It is a choice. If it comes down to putting food on the table for your family versus buying the house, the answer should be obvious. KlangFool I don't understand this statement. If it costs $1800 for rent and ...
by mac808
Mon Dec 28, 2015 7:21 pm
Forum: Personal Consumer Issues
Topic: Retired couples with a single vehicle?
Replies: 35
Views: 2863

Re: Retired couples with a single vehicle?

2 working professionals but not dependent on car for commute (one walking distance, one work from home). no kids. urban area with a couple million people but not SF or NY. 1 car which isn't utilized much. UberX has made a big difference, just knowing that it's available in a pinch if needed allows u...
by mac808
Mon Dec 28, 2015 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 6102

Re: Buying a house with no money down

I see this thread has been derailed with meaningless rules of thumbs from 50 years ago like Home should be 3x of your income and the like. Isn't this just a meaningless rule of thumb because dirt-cheap easily accessible credit has allowed buyers to extend themselves to the farthest most precipice o...
by mac808
Thu Dec 17, 2015 1:22 am
Forum: Investing - Help with Personal Investments
Topic: VTI and Qualified vs Non Qualified Dividends
Replies: 7
Views: 737

Re: VTI and Qualified vs Non Qualified Dividends

Interesting. I would never have guessed this. If you owned REITs directly, as part of a portfolio managed for a 1% AUM fee, could the manager similarly use up all your REIT (and other) non qualified dividends (pre tax) to pay their fee before moving to other sources? For investors in the top tax bra...
by mac808
Wed Dec 16, 2015 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: VTI and Qualified vs Non Qualified Dividends
Replies: 7
Views: 737

VTI and Qualified vs Non Qualified Dividends

I think I am missing something obvious here and could use it pointed out. VTI is reporting as 100% QDI for 2014 (and I assume close to or the same for 2015). But doesn't VTI include some REITs? Like 3-4% of the total fund is REITs if I remember right. REIT dividends are non qualified. So how could V...

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