Search found 4205 matches

by staythecourse
Mon Dec 05, 2016 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 82
Views: 7913

Re: Retirement with $8M in investments

I'll file this under useless thread. A poster who has 8M liquid with simple life tastes who does not feel rich is NOT an issue for this forum, but one for his psychologist. I would say that he KNOWS that is a lot of money so any issues is a psych. related problem. My advice is go work in a soup kitc...
by staythecourse
Mon Dec 05, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Disputing fat hospital bill?
Replies: 33
Views: 3111

Re: Disputing fat hospital bill?

Any advice on here other then wait for your EOB, Read it, If you don't undertand it call your insurance company is just irresponsible advice. Folks throwing out empirical advice is not very useful.

Good luck.
by staythecourse
Sun Dec 04, 2016 11:48 am
Forum: Investing - Theory, News & General
Topic: Shocking Bogle quotes
Replies: 19
Views: 2186

Re: Shocking Bogle quotes

He says that what happened in Japan could happen in the US and that Japan had a lot of similar positive characteristics such as work ethic, productivity and innovation to the US before their market crash. page 58. Interesting. How is that interesting or new? Just because Mr. Bogle says so now? Home...
by staythecourse
Fri Dec 02, 2016 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Life-changing event just happened. Seeking portfolio review and guidance
Replies: 35
Views: 2540

Re: Life-changing event just happened. Seeking portfolio review and guidance

Don't sweat the asset allocation at this point, your worry is mis-directed. Anything between 70/30 and 40/60 works at your stage of life. Your problem is your debt: $5000 on a card, $843 per month in TWO car payments and (apparently) no emergency fund. Actions: 1. Sell at least one car. If he isn't...
by staythecourse
Thu Dec 01, 2016 6:05 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 149
Views: 11068

Re: SEC and "Past Performance" requirement

Staythecourse: I did as you suggest. This is from the SEC website: Mutual Funds, Past Performance This year's top-performing mutual funds aren't necessarily going to be next year's best performers. It’s not uncommon for a fund to have better-than-average performance one year and mediocre or below-a...
by staythecourse
Wed Nov 30, 2016 7:53 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 149
Views: 11068

Re: Paul Merriman challenges John Bogle

But with a formulation that broad, citing "past performance is no guarantee of future performance," then you would be warned against using past relative stock and bond performance to say things about future stock and bond performance, among other things. And most would agree that is wrong...
by staythecourse
Wed Nov 30, 2016 7:32 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 149
Views: 11068

Re: Paul Merriman challenges John Bogle

Much respect to you and for what you have done for this board, but hope you will lead my personal crusade to STOP using this phrase incorrectly. Please go the SEC website and find the origins of this usage. I have and believe if you and others do will clear up much misunderstandings of its intended...
by staythecourse
Wed Nov 30, 2016 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits
Replies: 24
Views: 3306

Re: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits

Fyi, sscritic is not aware of any such rule, and was also unable to find evidence of a rule which says one forfeits future SS benefits forever by refusing Part A. He wonders if perhaps the Medicare agent was thinking about a (now superseded/defunct) rule which stated that if one withdraws an applic...
by staythecourse
Wed Nov 30, 2016 5:49 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 149
Views: 11068

Re: "Past Performance"

Nevertheless, I learned the hard way that the government is right that it requires mutual fund companies to provide this warning: "Past performance is no guarantee of future performance." Best wishes. Taylor Taylor, Much respect to you and for what you have done for this board, but hope y...
by staythecourse
Wed Nov 30, 2016 10:34 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 149
Views: 11068

Re: Paul Merriman challenges John Bogle

Nisi, Just curious. Your stance (as mine) is that small value is a risk story and thus appropriately gives higher return to those who take on the extra risk, i.e. No free lunch. Yet you don't believe it should be counted on as it is so sporadic. How does that make sense in an efficient market? In th...
by staythecourse
Wed Nov 30, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits
Replies: 24
Views: 3306

Re: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits

I doubt it means waiving future SS benefits, BUT very alarming that this issue is not even known. I would visit SS office in person and get an answer. Best may be to contact an expert or even better send our favorite banned poster a PM to see what he thinks (not sure if ANYONE knows more then him on...
by staythecourse
Tue Nov 29, 2016 10:35 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 149
Views: 11068

Re: Paul Merriman challenges John Bogle

...if I look at 1928-present, I see one period of time during which small-cap value lost 89% of its value , and the number of times that's happened to large-cap blend is never . Wait... didn't DJ (large cap stocks) lose 89% from peak to trough during the great depression? I believe I have read this...
by staythecourse
Tue Nov 29, 2016 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: should I ask for referral bonus? (physician private practice)
Replies: 26
Views: 1881

Re: should I ask for referral bonus? (physician private practice)

We give out between $5,000 and $20,000 referral bonuses depending on the role because employees refer the best candidates and we'd rather give an employee bonuses like that rather than external agencies. Pretty common really, especially in industries with a high cost per hire. I had an engineer las...
by staythecourse
Tue Nov 29, 2016 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: should I ask for referral bonus? (physician private practice)
Replies: 26
Views: 1881

Re: should I ask for referral bonus? (physician private practice)

Oh dear lord. I think you will be able to answer this question yourself. Put yourself in your bosses position. They have a candidate signed and now you are asking for them to give you money on something that is ALREADY done. How many folks in life will give money up when they don't need to? No one i...
by staythecourse
Tue Nov 29, 2016 8:16 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 149
Views: 11068

Re: Paul Merriman challenges John Bogle

Oh, please. And if I look at 1928-present, I see one period of time during which small-cap value lost 89% of its value , and the number of times that's happened to large-cap blend is never . From 1928-2013, the standard deviation (= "risk") for small-cap value was 32 and for large blend i...
by staythecourse
Tue Nov 29, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare billing question
Replies: 16
Views: 1698

Re: Medicare billing question

Not sure if I am late to the party, but believe that UNLESS you sign a ABN (Advanced Beneficiary Notice) you are not responsible for any testing done that is denied by medicare. Of course, that is not very impressive as most things are covered by medicare. Good luck. This is true. Which is why I ha...
by staythecourse
Sun Nov 27, 2016 9:08 pm
Forum: Investing - Theory, News & General
Topic: Anybody regretting holding on to your REITS?
Replies: 97
Views: 11033

Re: Anybody regretting holding on to your REITS?

The reason to stay the course is that over 20 year periods, all of those equity slices slowly gain with occasional large gains, in spite of the quick, deep price drops between the slow gains. 100% agreed. This is true of ANY asset class. It is just more noticeable for the most volatile asset classe...
by staythecourse
Sun Nov 27, 2016 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare billing question
Replies: 16
Views: 1698

Re: Medicare billing question

Not sure if I am late to the party, but believe that UNLESS you sign a ABN (Advanced Beneficiary Notice) you are not responsible for any testing done that is denied by medicare.

Of course, that is not very impressive as most things are covered by medicare.

Good luck.
by staythecourse
Wed Nov 23, 2016 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 387
Views: 88689

Re: Share your networth progression

No regrets about not retiring early whatsoever. I thoroughly enjoyed my work and it's many challenging problems. It took me around the world and I got to work and live in places that were like feature stories in National Geographic, with plot lines like Terry and the Pirates. I also had the pleasur...
by staythecourse
Wed Nov 23, 2016 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 387
Views: 88689

Re: Share your networth progression

I had a good job and a good income, and my wife and I lived well below our means. I saved a lot and invested aggressively for growth. My allocation was usually around 70/30, sometimes higher in equities. I was lucky and have had strong markets most of the time, and never did anything stupid in a ma...
by staythecourse
Wed Nov 23, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 6507

Re: Double Check Figures: Affording $1M Home

Most people who overextend on their house live to regret it as they reach for financial freedom. A lot of wisdom in that comment. I don't know many folks who have to eek out on a back of an envelope to see if they can afford an expensive house in the end not regretting such as move. I do know many ...
by staythecourse
Tue Nov 22, 2016 5:50 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 168
Views: 12613

Re: Retreat to cash

I'm late to the thread, but there is always time to throw in my usual, "Who cares?".

Good luck.
by staythecourse
Tue Nov 22, 2016 5:43 pm
Forum: Investing - Theory, News & General
Topic: Decided to try timing the market. 100% short on 9/17/15
Replies: 349
Views: 48957

Re: Decided to try timing the market. 100% short on 9/17/15

Here's the problem: I follow threads like this with some interest, but I really don't have a dog in the fight. L. It's funny; in the past, I avoided threads like this because of a lack of interest. My son just accepted an internship at a very successful hedge fund for the summer. Now I have, if not...
by staythecourse
Tue Nov 22, 2016 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 6507

Re: Double Check Figures: Affording $1M Home

Most people who overextend on their house live to regret it as they reach for financial freedom. A lot of wisdom in that comment. I don't know many folks who have to eek out on a back of an envelope to see if they can afford an expensive house in the end not regretting such as move. I do know many ...
by staythecourse
Tue Nov 22, 2016 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone do tax loss harvesting??
Replies: 25
Views: 1516

Re: Why would anyone do tax loss harvesting??

Just wanted to add the real advantage of TLH is building up capital losses that are carried FORWARD. That means the next year any remaining that is left is again carried forward FOREVER. So those with significant taxable accounts and in high tax brackets this is a great way to avoid some LTCG if one...
by staythecourse
Tue Nov 22, 2016 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 6507

Re: Double Check Figures: Affording $1M Home

In response to your question if you can afford it I'll throw one back... What is your plan if you get fired tomorrow? Unless you are a doctor, federal worker, or tenured teacher there is NO safety in your job. Many folks learned this the hard way in 2008. So if you have a good answer to deal with t...
by staythecourse
Tue Nov 22, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: I just fired my son - trying to teach about hard work and money
Replies: 37
Views: 3855

Re: I just fired my son - trying to teach about hard work and money

Instead of teaching about hard work and punishing them when they fail (negative reinforcement) why not give them daily chores and other responsibilities and when they do them give them some money (positive reinforcement). This is what we do with our 4 yr. old. She then puts the coins into her piggy ...
by staythecourse
Mon Nov 21, 2016 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 6507

Re: Double Check Figures: Affording $1M Home

In response to your question if you can afford it I'll throw one back... What is your plan if you get fired tomorrow? Unless you are a doctor, federal worker, or tenured teacher there is NO safety in your job. Many folks learned this the hard way in 2008. So if you have a good answer to deal with th...
by staythecourse
Thu Nov 17, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 8022

Re: Cannot get myself to spend my savings

I think some folks just need to admit they are cheap. Folks always assume they are saving money to spend wildly once they are retired, but that is not always the case. Some folk don't spend because they are just cheap pure and simple. So when you don't spend you end up saving by default. As opposed ...
by staythecourse
Thu Nov 17, 2016 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 63
Views: 6015

Re: Go part time number

I'm an MD as well. I will likely go part time in the next couple of years. I am easily on my way to ER if I choose it, but find the part time work aspect more interesting. I'm in a field with no calls and pure elective OP work. I would say the key to pulling this off (outside of your specialty is co...
by staythecourse
Mon Nov 14, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 20863

Re: How to retire early (in your 30s or 40s)?

I didn't dislike my job (obviously, since I went back). I disliked knowing that I had to work. I disliked knowing that if my manager asked me to do something I hated or to work more hours, I'd have to do it until I found another job. I wanted to "buy my freedom" to do whatever I wanted, e...
by staythecourse
Sun Nov 13, 2016 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 20863

Re: How to retire early (in your 30s or 40s)?

If you are a physician you are benefitting society. It's totally your call, but continuing as a physician could represent a gain for society. I've seen this point mentioned by others, but don't see why it matters? The individual PAID for his/ her education and has no moral/ legal/ or ethical obliga...
by staythecourse
Thu Nov 10, 2016 5:55 pm
Forum: Personal Consumer Issues
Topic: Medical practice partnership - schedule issues - advice needed
Replies: 41
Views: 2475

Re: Medical practice partnership - schedule issues - advice needed

Just looked over the partner contract again : for without Cause, the board of directors must approve the termination and the notice must be signed by two-thirds (2/3’s). And then it lists other with cause possible terminations. There is nothing stated in the partner contract or any contract about w...
by staythecourse
Thu Nov 10, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: Medical practice partnership - schedule issues - advice needed
Replies: 41
Views: 2475

Re: Medical practice partnership - schedule issues - advice needed

Been there and done that. This sounds EXACTLY like my previous employer. They use a mythical ivory tower senior partners philosophy. You will never be treated equal as that is not their intention. If it bothers you then you will have to decide to accept as is or not. My guess, even if someone else r...
by staythecourse
Tue Nov 08, 2016 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Bill Bernstein Three Fund Portfolio
Replies: 25
Views: 2340

Re: Bill Bernstein Three Fund Portfolio

Given the responses. Would it then be prudent for an investor to just pick the Vanguard Total World Stock Index Fund Investor Shares (VTWSX) and just call it day when it comes to stocks? Can't go wrong with that and the ONLY one that makes sense for those advocating true market cap weights. Good lu...
by staythecourse
Tue Nov 08, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Remodeling vs Moving
Replies: 15
Views: 1219

Re: Remodeling vs Moving

If you have that big of a lot, you could potentially just build a new house next to yours, then move into it and knock the old one down. Is that financially feasible? I like this suggestion the best! I love that idea!! That way you can build your house with less disruption to your everyday life. Ha...
by staythecourse
Tue Nov 08, 2016 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Bill Bernstein Three Fund Portfolio
Replies: 25
Views: 2340

Re: Bill Bernstein Three Fund Portfolio

Who knows which is best as it takes a clear crystal ball to figure that out which NO ONE has at their disposal. Since you mention Dr. Bernstein he helped me choose 50/50 for myself due to his graphs in "IAA". It showed how different EF were with different combinations at different points i...
by staythecourse
Mon Nov 07, 2016 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 20863

Re: How to retire early (in your 30s or 40s)?

Don't mean to sidetrack the thread, but just curious those who will be retiring in 30's and 40's plan to do for the next 40-50 yrs. of their lives? I'm trying to figure out if these folks have a plan already or just going to wing it after retirement. Someone on a different thread had a great piece o...
by staythecourse
Sun Nov 06, 2016 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Update on CCFs [Collateralized Commodities Futures]
Replies: 17
Views: 1262

Re: Update on CCFs [Collateralized Commodities Futures]

1. because commodities are generally financed by borrowing (in other words, there is an interest cost to holding a commodities position over the cash asset or the fixed income asset of equivalent term) when interest rates rise, ceterus paribus, commodity prices should fall. The reality is of course...
by staythecourse
Sun Nov 06, 2016 9:56 am
Forum: Investing - Theory, News & General
Topic: Foreign Stocks: Keep the Faith - Jonathan Clements
Replies: 53
Views: 5647

Re: Foreign Stocks: Keep the Faith - Jonathan Clements

*10 Who is Jonathan Clements and what does he know that Lord Bogle doesn't know? I will/ have never understood the level of worshipping that happens on this site in regards to ANYBODY when it comes to financial advice. I love Mr. Bogle, but would throw him under the bus of, "what does he know?&...
by staythecourse
Sat Nov 05, 2016 8:17 pm
Forum: Investing - Theory, News & General
Topic: Foreign Stocks: Keep the Faith - Jonathan Clements
Replies: 53
Views: 5647

Re: Foreign Stocks: Keep the Faith - Jonathan Clements

Jeremy Seigel seemed to correctly discuss in his excellent "Stocks for the Long Run" the two main reasons to hold foreign equities was either: 1. Diversification and 2. Currency hedging. So unless folks have some gaurantee now that they did not have 10 years ago that U.S. dollar will be th...
by staythecourse
Sat Nov 05, 2016 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: "Money back" at closing
Replies: 16
Views: 1875

Re: "Money back" at closing

That's awesome, thank you very much for crunching the numbers for me. I guess I'm a little surprised no one recommends investing the $7K as I would hope I could make more than $2300 over 20 years. If you want to do it. If you don't don't. Either way 2k over 20 yrs. this way or that simply will not ...
by staythecourse
Sat Nov 05, 2016 11:23 am
Forum: Personal Consumer Issues
Topic: 1st time home buyer tips & strategy
Replies: 41
Views: 2481

Re: 1st time home buyer tips & strategy

My opinions to some of your questions: 1. Use Redfin where they are RE agents in your area who share part of their commission with you at closing. RE agents are used to showing folks A LOT of properties so don't feel bad about being shown everything and more until/ if you find the right property for...
by staythecourse
Fri Nov 04, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 20863

Re: How to retire early (in your 30s or 40s)?

I am planning on it in mid to late 40's if I can find something else to do that is more worthwhile then taking care of my patients. Good luck. But that's simply changing career. You're not exactly retiring. No I meant if I can find something to do with my free time as in hobbies. I am looking forwa...
by staythecourse
Fri Nov 04, 2016 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 20863

Re: How to retire early (in your 30s or 40s)?

I would be surprised if someone put in all those years of work to be trained as a physician only to retire 10 years after becoming one.... I wouldn't be so sure about that... Physician Agreed. You will see MANY young physicians retire as early as possible. ..... Why work if you don't need to in a j...
by staythecourse
Fri Nov 04, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Best Mortgage if Paying Off in < 3 years
Replies: 10
Views: 722

Re: Best Mortgage if Paying Off in < 3 years

If one's goal is to pay off the mortgage as soon as possible (say < 3 years), what is the best type of mortgage to get? Other than No prepay penalty and Yes escrow, is the number one goal to get the largest lender credit, irrespective of interest rate? Any other differences between 5/1 ARM, 10-year...
by staythecourse
Fri Nov 04, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Update on CCFs [Collateralized Commodities Futures]
Replies: 17
Views: 1262

Re: Update on CCFs [Collateralized Commodities Futures]

...As I understood it commodities are usually negatively correlated with bonds and stocks and have shown a tendency to go up when bonds and equities go down so it might be worth keeping a portfolio insurance... In 2011, stocks (orange) had a fairly nasty correction, big enough to give people seriou...
by staythecourse
Fri Nov 04, 2016 8:21 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 20863

Re: How to retire early (in your 30s or 40s)?

It just depends on if you have access to a mega back door Roth or are self employed such as a physician. In these two situations that I can think of off the top of my head you could easily be putting back around 50k a year in tax deferred accounts or more. 50k a year over 10 years at a hypothetical...
by staythecourse
Wed Nov 02, 2016 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Did you retire in your 30s?
Replies: 93
Views: 11999

Re: Did you retire in your 30s?

They have grown the business so much that they have hired managers for most of the work that needs done. They are very well off and rich. But did they really retire in their 30s???? Hope this is rhetorical as the answer is obvious. No they did not retire and STILL are not retired. Kudos to them as ...
by staythecourse
Wed Nov 02, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much to leave young kids? And Trust legal questions
Replies: 25
Views: 2925

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

My opinions: 1. I'm cheap, but something this big and complex you need someone with experience. Hire an estate lawyer. 2. Who cares about charity. Your number goal should be looking out for the kids. If the become spoiled later on in life after you two die it won't because you left them too much mon...

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