Search found 4234 matches

by staythecourse
Wed Jan 18, 2017 10:17 am
Forum: Personal Consumer Issues
Topic: Iowa Steak Company
Replies: 42
Views: 2809

Re: Iowa Steak Company

Except Person A claims quality of object C is X when in reality it is G. Company Q refuses to stand by product C and Person A basically telling public tough luck. You are absolutely correct on that premise, BUT is that what is happening in the original post? Did I miss the part of the origianal pos...
by staythecourse
Tue Jan 17, 2017 9:08 pm
Forum: Personal Consumer Issues
Topic: Iowa Steak Company
Replies: 42
Views: 2809

Re: Iowa Steak Company

Regardless of the reputation of the company, its sales tactics, or the quality of the meat, your wife made a legitimate purchase. You should either return the meat or pay for it. Though unless it is on dry ice or something I doubt they could take it back for food safety reasons. So eat it and consi...
by staythecourse
Tue Jan 17, 2017 8:41 pm
Forum: Investing - Theory, News & General
Topic: Junior and Senior Financial Independence
Replies: 35
Views: 1742

Re: Junior and Senior Financial Independence

Leesbro63, It is obviously a waste of time to read the article. 1) FI has nothing to do with income. It has to do with annual expense. I live on 1/3 of my gross income. So, how does it makes any sense that I need 20X my gross income in order to be FI? That is equivalent to 60X my annual expense. 2)...
by staythecourse
Tue Jan 17, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying new construction, looking for feedback
Replies: 3
Views: 704

Re: Buying new construction, looking for feedback

As you know the motto (which I agree with) your personal home is NOT an investment so who cares if the house goes up or down in the next 10+ years. What is important is can you afford it. I think the rule of 25% of one's income dedicated to one's mortgage+ Property taxes+ insurance+ HOA is a good nu...
by staythecourse
Fri Jan 13, 2017 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3081

Re: Stay in paid-off starter house vs. dream house+work a few more years

Also, have to break the news you may like to travel, but with 2 kids it is not going to happen as they are in school and who is going to take care of them while you are traveling? Boarding school! :) Even without resorting to boarding school for our pre-schooler and elementary-school student, we ha...
by staythecourse
Fri Jan 13, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3081

Re: Stay in paid-off starter house vs. dream house+work a few more years

Honestly, I would not hesitate to buy the house. Life is only lived once. I do not see any advantage of scrimping now just to enjoy years down the road which may never come, i.e. one spouse dies early or has major medical illness. Also, have to break the news you may like to travel, but with 2 kids ...
by staythecourse
Fri Jan 13, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3081

Re: Stay in paid-off starter house vs. dream house+work a few more years

Many unanswered questions left to answer your question... I am assuming you have kids? If so, will they be staying in this school system? If so, is it free? How much work do you think this house will need? What are your goals with all the money you have/ are saving? How much do you want to retire ea...
by staythecourse
Thu Jan 12, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Buy Time
Replies: 68
Views: 7094

Re: Best Ways to Buy Time

... hiring someone to pick the kids up from school (3 blocks away) and cook healthy meals for us. Figure that frees up even more to just play with the kids. I walked today by 3 schools and arrived home just as a school bus unloaded, so I saw quite a few parents picking their kids up to walk home to...
by staythecourse
Thu Jan 12, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Buy Time
Replies: 68
Views: 7094

Re: Best Ways to Buy Time

We bit the bullet and hired someone to clean the house for us every other week. It's not a deep clean, but the usual vacuum, clean the bathrooms, kitchen area, etc. $100 each time and worth every penny IMO. We are worse. We hired someone to clean every week. She does the laundry and bedsheets as we...
by staythecourse
Mon Jan 09, 2017 9:13 am
Forum: Investing - Theory, News & General
Topic: all the debate over tilting away from market-cap weighting
Replies: 27
Views: 2135

Re: all the debate over tilting away from market-cap weighting

Just to throw some gasoline on the fire: 1. If tilting is bad why then does EVERYONE tilt away from the investable assets in the world (equity/ bond/ other). You can't say I believe in market cap and then tilt towards U.S. just because it suits your needs and then use market cap as a reason to poo p...
by staythecourse
Sun Jan 08, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Should I ask this contractor to lower his quote?
Replies: 13
Views: 1612

Re: Should I ask this contractor to lower his quote?

I think it is definetly reasonable to ask and expect a breakdown of labor and material. I would think any "professional" contractor would do that as part of the SOP. It usually goes something like this: Call person who you are interested in doing the work, they come out and take a look at ...
by staythecourse
Sun Jan 08, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: Inferences for 2017 equity returns based on 2016 returns
Replies: 6
Views: 390

Re: Inferences for 2017 equity returns based on 2016 returns

OH no, that is not correct. The data actuall supports knowing what happens in 2016 has NO implication on 2017 returns. They call that autocorrelation/ serial correlation. The data states the autocorrelation of returns for U.S. equity, foreign equity, Government bonds, and other bonds have a serial c...
by staythecourse
Sun Jan 08, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 7011

Re: Doctors and retirement

If one hasn't realized it yet doctors are one of many professions that a group of folks who are highly motivated, hard working, competitive with themselves and others and always a bit fearful of everything. So no surprise the 5-10 million for many is not really what they need in relation to a SWR we...
by staythecourse
Fri Jan 06, 2017 9:19 pm
Forum: Investing - Theory, News & General
Topic: I am timing the market. Why am I wrong?
Replies: 89
Views: 5716

Re: I am timing the market. Why am I wrong?

Please don't simply quote the million articles that explain how/why market timing is wrong. You have failed before you even started in learning about finance or dare I say ANYTHING in life with that premise. There are a million folks saying X and another million folks saying Y. How does any rationa...
by staythecourse
Thu Jan 05, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6359

Re: spousal disagreement over how much house to buy

There are people on this forum that would live in a cave if their spouse would let them. There are others that realize you only get one go round in life and some things are actually worth paying for. I would put a house you really want and can afford on that list. Don't forget how valuable a short ...
by staythecourse
Thu Jan 05, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6359

Re: spousal disagreement over how much house to buy

My house payment is 11.3% of my gross income, and I am sure that I have too much house. Or maybe... You make a lot of money or live in a LCOLA or don'th have a large family or .... That is the problem with using percentages. They are meant as GUIDES yet folks treat it as a Holy Bible. Different str...
by staythecourse
Wed Jan 04, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6359

Re: spousal disagreement over how much house to buy

the proper way to assess the importance of incremental additions to commute times is to consider what fraction of your free time you are relinquishing. As you get older,you realize that all you really have in life is your time. Just wanted +1 that. How true is that. Time is one factor that only see...
by staythecourse
Wed Jan 04, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Change Asset Allocation
Replies: 5
Views: 621

Re: Change Asset Allocation

I failed to state that I am 76 years old. I am looking for a safe form of income and am rather adverse to risk.I am considering Wellsley Income Fund, Life Strategy Income and Life Strategy Moderate. I have done a great deal of reading but I am not expert in these matters. My accountant has done sev...
by staythecourse
Wed Jan 04, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6359

Re: spousal disagreement over how much house to buy

I would suggest that first you two come to agreement on how much to spend on a house, then work on finding a house that fits both your needs within that budget. Whether or not 23% of gross is an acceptable amount to spend really depends on how stable your incomes are. What's the chance that either ...
by staythecourse
Wed Jan 04, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6359

Re: spousal disagreement over how much house to buy

I didn't even bother reading the other posts so apologize if I am repeating, but my answer is without a doubt to BUY IT!! 1. There are not many times wife and husband both find everything on their wishlists on such a big purchase. 2. The delta of $800/ month difference in monthlly liabilities is not...
by staythecourse
Tue Jan 03, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Dilemma: bonds, cash or 100% stocks for now in present climate?
Replies: 55
Views: 4940

Re: Dilemma: bonds, cash or 100% stocks for now in present climate?

But now I am second guessing this (preliminary) plan. People like Graham, Bogle and Ferri (I just started on his book All about asset allocation ) seem to find the above too aggressive and so it appears also the majority of the reactions on my post. Also, I believe my risk tolerance is high, if I t...
by staythecourse
Fri Dec 30, 2016 9:12 am
Forum: Investing - Theory, News & General
Topic: The Middle Road of Asset Allocation
Replies: 12
Views: 1834

Re: The Middle Road of Asset Allocation

A mistake most folk make is thinking asset allocation will simply make them money. It doesn't. The purpose is a means to control risk. What makes you money is: STICKING to your asset allocation and pouring a TON of money in through your whole working life. Folks on here focus too much on one asset a...
by staythecourse
Mon Dec 19, 2016 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ne er-do-wells coming out of woodwork
Replies: 32
Views: 6911

Re: Ne er-do-wells coming out of woodwork

Is you mom mentally incompetent? If not did she ask you for your advice after you brought it up with her? If the answer to those two questions are no then thre is no actionable topic here. Who cares who she gives her money to if she is of sound mind and body. It is HER money and not YOUR money. If s...
by staythecourse
Thu Dec 15, 2016 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: On-line order, in-store pickup
Replies: 27
Views: 2132

Re: On-line order, in-store pickup

...I am told 'Eye dough no but dat'... it took me a few re-reads, but when I got it, I found this hilarious and I laughed for like 2 minutes non stop disclaimer: my laughing about this should not be taken as discrimination on my part, since a foreigner in the USA myself I am sure I often sound like...
by staythecourse
Thu Dec 15, 2016 8:12 pm
Forum: Investing - Theory, News & General
Topic: How to invest without bias?
Replies: 11
Views: 1090

Re: How to invest without bias?

Only 'real" way to invest without bias is through the cap weighted averages on the WORLDS assets. I know Mr. Ferri had it in the first couple of pages of his excellent "AAAA". I remember if one was 1/4 in US equity, foreign equity, US bonds, and foreign bonds (LARGE dallop of Japanese...
by staythecourse
Mon Dec 12, 2016 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: New Boss - Bonus Different This Year
Replies: 12
Views: 1192

Re: New Boss - Bonus Different This Year

Here are your options and how I see it playing out. 1. Look at your contract and if the bonus clearly spells out, i.e. NOT discreationary then you can refuse the bonus and speak to HR/ your boss/ whoever handles this stuff and tell them they are in violation of the contract and you are legally enti...
by staythecourse
Mon Dec 12, 2016 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: New Boss - Bonus Different This Year
Replies: 12
Views: 1192

Re: New Boss - Bonus Different This Year

Here are your options and how I see it playing out. 1. Look at your contract and if the bonus clearly spells out, i.e. NOT discreationary then you can refuse the bonus and speak to HR/ your boss/ whoever handles this stuff and tell them they are in violation of the contract and you are legally entit...
by staythecourse
Mon Dec 12, 2016 11:04 am
Forum: Investing - Theory, News & General
Topic: What am I missing w/this back-tested asset allocation?
Replies: 72
Views: 5458

Re: What am I missing w/this back-tested asset allocation?

The only thing I can gaurantee is that your portfolio will NOT be the best performer going forward. There is only ONE portfolio on the EF and it will only be known in retrospect. But then again who cares. The point is NOT to aim for the best but to be good enough. That means one that you will stick ...
by staythecourse
Fri Dec 09, 2016 4:51 pm
Forum: Investing - Theory, News & General
Topic: Do you think Slice and Dice makes it harder to stay the course?
Replies: 40
Views: 2278

Re: Do you think Slice and Dice makes it harder to stay the course?

Interesting question. I think it depends on one's psychology (which is the reason everyone can not hold the same portfolio). For me no. I think I would be MORE likely to want to change my asset allocation if there was an asset class doing well that I am not invested in then holding a whole bunch of ...
by staythecourse
Mon Dec 05, 2016 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 164
Views: 19038

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: 3369

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: 2404

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: 2764

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: 157
Views: 13205

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: 157
Views: 13205

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: 157
Views: 13205

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: 3461

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: 157
Views: 13205

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: 157
Views: 13205

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: 3461

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: 157
Views: 13205

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: 2004

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: 2004

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: 157
Views: 13205

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: 2119

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: 12021

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: 2119

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: 391
Views: 93386

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: 391
Views: 93386

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: 7046

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 ...

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