Search found 3971 matches

by staythecourse
Sat May 21, 2016 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Rebuilding our house for $1.5M: Bad Idea Financially?
Replies: 89
Views: 7683

Re: Rebuilding our house for $1.5M: Bad Idea Financially?

This is insane. If you are making 1 million per year and can't figure out if you can afford a 1.5 million dollar anything then there are some serious issues. Yes a house is likely the largest financial decision you nor anyone will make, but you obviously have the paycheck to do it. If you don't wit...
by staythecourse
Fri May 20, 2016 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Rebuilding our house for $1.5M: Bad Idea Financially?
Replies: 89
Views: 7683

Re: Rebuilding our house for $1.5M: Bad Idea Financially?

This is insane. If you are making 1 million per year and can't figure out if you can afford a 1.5 million dollar anything then there are some serious issues. Yes a house is likely the largest financial decision you nor anyone will make, but you obviously have the paycheck to do it. If you don't with...
by staythecourse
Thu May 19, 2016 8:15 pm
Forum: Investing - Theory, News & General
Topic: Stocks, Bonds, and "Real Assets" (TIPS, REITs, Commodities)
Replies: 28
Views: 1918

Re: Stocks, Bonds, and "Real Assets" (TIPS, REITs, Commodities)

I'm a big believer in "real assets", BUT my issue is there a suitable mousetrap for the retail investor? My unfortunate conclusion after much research has been no. The idea of REAL means tangible and not a "play" on real assets. CCF are not REAL but a derivative instrument. TIPS ...
by staythecourse
Tue May 17, 2016 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

I did just want to interject the purpose of saving is for consumption. My wife and I make way more then we need, save quite a bit, BUT still spend on things we both truly enjoy. If that is an expensive dinner out with friends or a "doctor" house to enjoy. The key to life is moderation. The...
by staythecourse
Tue May 17, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 7748

Re: Some days still not sure I made the right choice

You maybe be right. As far as finances go it was to show that I was ready and could retire so you knew some history. Yes alone maybe some of it because I was in contact with people all day long if I wans[t on the phone I had someone in my office or I was in the field meeting them. I'm finding my wa...
by staythecourse
Mon May 16, 2016 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Hiring kids to jumpstart their Roth IRAs
Replies: 13
Views: 1464

Re: Hiring kids to jumpstart their Roth IRAs

How about starting an annuity for them instead? Vanguard's are super low in fees. Or how about a 529 plan for each? In both cases one can gift the amount up to the annual gift exemption which is significantly higher then the IRA limit anyway.

Good luck.
by staythecourse
Mon May 16, 2016 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 7748

Re: Some days still not sure I made the right choice

I find it interesting that you even discuss how much money you have. I am pretty sure your feelings of possibly making the wrong decision has NOTHING to do with finances. My guess: It has to do with lack of self worth, boredom, depression, feeling isolated/ alone, etc... So even if you have 200 mill...
by staythecourse
Mon May 16, 2016 8:50 am
Forum: Investing - Theory, News & General
Topic: What % do you have in alternatives? REITs, commodities, etc.)
Replies: 67
Views: 3537

Re: What % do you have in alternatives? (REITs, sector funds, etc.)

I thought REITs and sector funds are just stocks. Am I missing something? :o REITS are actually different despite being stocks. The special tax treatment of the corporate structure makes it somewhere between a stock and a bond (like Mr. Swensen like to say). The fact they HAVE to disimburse 90% or ...
by staythecourse
Sun May 15, 2016 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

If you hang out in a doctors' lounge or dining room, you will soon realize the new status symbol is the ability to retire early or when you choose. The parking lot is not a place for status symbols. Agreed. I don't see many folks in awe of the new Bentley in the parking lot. The big wow factor is &...
by staythecourse
Sun May 15, 2016 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

first post appreciate all the information provided over the years 51 yo specialty physician retirement savings 5.2 million net worth 6 million background: high earner and high saver one wife and 3 kids (one in college, two in post grad school) house purchased for 235k in midwest medium sized city i...
by staythecourse
Sun May 15, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

Realizing posters to this thread, and Bogleheads generally, are outliers, I'm still struck that seemingly every doc here is saving aggressively with a goal of "out, ASAP." "Out" could mean part time but no one's written that they would love to continue their work indefinitely if...
by staythecourse
Sun May 15, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

first post appreciate all the information provided over the years 51 yo specialty physician retirement savings 5.2 million net worth 6 million background: high earner and high saver one wife and 3 kids (one in college, two in post grad school) house purchased for 235k in midwest medium sized city i...
by staythecourse
Sat May 14, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

I am not a physician and neither is my spouse, but for everyone I will give another data point: A two-income family with gross wages maxing at around $200K at age 50 semi-retires at that time (wages drop by 30%) and ends up with a mid-7 figure portfolio a few years later, no debt, McMansion, Lexuse...
by staythecourse
Sat May 14, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

Another reason to cut down as ASAP is no different then other high income worker (>400k/ yr) and that is the tax structure we have in America. If one does the same unit of work load with the same level of malpractice liability in Jan. then he/ she does in Oct. the post tax reimbursement is differen...
by staythecourse
Sat May 14, 2016 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

Another reason to cut down as ASAP is no different then other high income worker (>400k/ yr) and that is the tax structure we have in America. If one does the same unit of work load with the same level of malpractice liability in Jan. then he/ she does in Oct. the post tax reimbursement is differen...
by staythecourse
Sat May 14, 2016 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Retire Early -or- Not At All
Replies: 31
Views: 3439

Re: Retire Early -or- Not At All

I've thought about both. When I was employed my plan was to cash out at mid 40's at the latest as I was sick of being told what to do at work. I went on my own now as a solo physician and love it. I doubt I will ever retire. I will likely cut down when I hit my "Number" and just work when...
by staythecourse
Sat May 14, 2016 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

Another reason to cut down as ASAP is no different then other high income worker (>400k/ yr) and that is the tax structure we have in America. If one does the same unit of work load with the same level of malpractice liability in Jan. then he/ she does in Oct. the post tax reimbursement is different...
by staythecourse
Fri May 13, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retire Early -or- Not At All
Replies: 31
Views: 3439

Re: Retire Early -or- Not At All

I've thought about both. When I was employed my plan was to cash out at mid 40's at the latest as I was sick of being told what to do at work. I went on my own now as a solo physician and love it. I doubt I will ever retire. I will likely cut down when I hit my "Number" and just work when...
by staythecourse
Fri May 13, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20874

Re: Physician Retirement Savings

OP you are off to a good start. Just keep at it. I will pose (as a physician) a question more IMPORTANT then hitting your number and that is what will you do when you hit the number at such an early age? Your kids will be in school full time and young enough you can't just leave them at home and fly...
by staythecourse
Fri May 13, 2016 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Retire Early -or- Not At All
Replies: 31
Views: 3439

Re: Retire Early -or- Not At All

I've thought about both. When I was employed my plan was to cash out at mid 40's at the latest as I was sick of being told what to do at work. I went on my own now as a solo physician and love it. I doubt I will ever retire. I will likely cut down when I hit my "Number" and just work whene...
by staythecourse
Thu May 12, 2016 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Medical legal help
Replies: 5
Views: 640

Re: Medical legal help

I'm a doc, but will give you the same advice any reasonable person should/ would: Go ask a qualified person. Malpractice lawyers always give out a free initial evaluation. Now my opinion: No you don't have much of a case. There was no delay in diagnosis and no damages in the end to your child. Now i...
by staythecourse
Thu May 12, 2016 8:55 am
Forum: Investing - Theory, News & General
Topic: How to lose a billion dollars...Beer heiress Frances Strohl
Replies: 19
Views: 3600

Re: How to loose a billion dollars...Beer heiress Frances Strohl

Interesting she talks a lot, but not really about how they lost all their money. I doubt the father spending freely is what did them in (many uber wealthy do that). Reading between the lines it seems the family started speculating on real estate and private equity companies/ start ups that have NOTH...
by staythecourse
Thu May 12, 2016 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup Requested on 3 Year Boglehead Anniversary
Replies: 14
Views: 2199

Re: Portfolio Checkup Requested on 3 Year Boglehead Anniversary

Congrats you two seem to have done a GREAT job. My advice, like others on this board, take the gauranteed 2.75% return and just pay off the house. If one is thinking of downshifting work in the near future it will be surely easier with less recurring monthly liabilities. Then take the rest and just ...
by staythecourse
Wed May 11, 2016 11:07 am
Forum: Personal Consumer Issues
Topic: 30 minute commute?
Replies: 80
Views: 6875

Re: 30 minute commute?

My current is 30 min. Previous was 30-1 hour. It is personal, but I actually like the drive. I have two little kids and it is the ONLY time I have to myself. It allows me to just unwind and let my mind wander/ relax. I found (at least for me) 45min- 1hour was the point I started to actually notice t...
by staythecourse
Tue May 10, 2016 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Maintaining Credit for Mortgage
Replies: 4
Views: 606

Re: Maintaining Credit for Mortgage

Also, keep in mind the credit scores folks know (FICO 8) are NOT the same scoring models the mortgage lenders use on a trimerge report. The only place I know that you can get 2 out of 3 of the one's the mortgage guys use is from Myfico.com. The 3rd (forgot which one it is) has no way to access as a ...
by staythecourse
Tue May 10, 2016 10:41 pm
Forum: Personal Consumer Issues
Topic: House 'For Sale By Owner' - Can One Do It Alone?
Replies: 26
Views: 3570

Re: House 'For Sale By Owner' - Can One Do It Alone?

Sorry did not review other responses so apologize if I am repeating. I, basically, did this just now with the house we are selling. I did a direct MLS listing service for 400 some bucks. They put all the info. together, got the photographs (for another 100 some bucks), listed on MLS and all the big ...
by staythecourse
Tue May 03, 2016 10:40 am
Forum: Investing - Theory, News & General
Topic: Anyone try Jason Kelly's 3Sig Investing Method?
Replies: 16
Views: 1736

Re: Anyone try Jason Kelly's 3Sig Investing Method?

I was unaware of Jason Kelly until this thread. I briefly read some things on the internet about this method. I will summarize it as an 80/20 small-cap portfolio with 3% rebalancing bands with rebalancing checked on every quarter. As such, it is not atypical of some of the many rebalancing schemes ...
by staythecourse
Tue May 03, 2016 10:29 am
Forum: Personal Consumer Issues
Topic: Buying a house, but sold as is?
Replies: 27
Views: 2550

Re: Buying a house, but sold as is?

Selling my house as we speak. This move adds no advantage to the seller and curious why they would do that Unless he is asking you to waive an inspection clause (if so walk away as too much risk) there is not real benefit to him/ her as he already had the option of saying no to any repairs that may ...
by staythecourse
Mon May 02, 2016 11:11 am
Forum: Personal Consumer Issues
Topic: Privia Medical Group
Replies: 56
Views: 2916

Re: Privia Medical Group

I don't see the problem here. You want to do it X way and the office does it Y way and you are unwilling to do it Y way. Seems like any easy answer and that is to find another office that will do it X way. What you do NOT have a right is to tell a business how to run their business. If you don't lik...
by staythecourse
Mon May 02, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 3479

Re: Sue your employer over 401k

I am only surprised this has not happened earlier. The question is finding who has the fudiciary duty (legal and ethical) to the clients? Is it the employer or the FA they hire to run the plan? That is who will get sued. I am POSITIVE there will be very legitimate claims that will win in court. ALL ...
by staythecourse
Sun May 01, 2016 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: In-Law's Sketchy Investment Advice
Replies: 13
Views: 1664

Re: In-Law's Sketchy Investment Advice

What does you spouse think? It is important for you TWO to be on the same page when making financial decisions. What your parents or her's think are pretty irrelevant. There are plenty of parents out there who are MORE incompetent then their children. This is a pretty simple decision. You or both of...
by staythecourse
Sun May 01, 2016 11:25 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: higher % stocks -> higher % of stocks international
Replies: 14
Views: 1610

Re: Jonathan Clements: higher % stocks -> higher % of stocks international

What does he say on the flip side if one is high majority bond holder?

What does he say if one is 80% bonds? Shouldn't that same argument exist to diversify international?

Good luck.
by staythecourse
Sun May 01, 2016 9:04 am
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 1 — Asset Allocation and Time Horizon
Replies: 46
Views: 5753

Re: Classic Bernstein — Asset Allocation and Time Horizon

Thanks all for the kind words and observations. I largely agree with all the points, except that it's certainly still possible to totally destroy the economic and social fabric of a society without largely annihilating the population: See "Middle East." And I also disagree with my self of...
by staythecourse
Sun May 01, 2016 8:33 am
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 1 — Asset Allocation and Time Horizon
Replies: 46
Views: 5753

Re: Classic Bernstein — Asset Allocation and Time Horizon

...but if someone (ahem Simplegift) would be kind enough to post the bullet points at the end of that chapter I think it will shine some light on this discussion. Here you go. :beer http://i.imgur.com/57patzN.png Much thanks. This is full evidence my memory is quite faulty in relation to my previou...
by staythecourse
Sat Apr 30, 2016 7:14 pm
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 1 — Asset Allocation and Time Horizon
Replies: 46
Views: 5753

Re: Classic Bernstein — Asset Allocation and Time Horizon

In his text accompanying the two charts, Mr. Bernstein isn't entirely explicit about their meaning — so there's some room for interpretation, which makes for a good discussion and learning opportunity. I may be imagining it, but I do believe Dr. Bernstein was very specific on his interpretation of ...
by staythecourse
Sat Apr 30, 2016 12:15 am
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 1 — Asset Allocation and Time Horizon
Replies: 46
Views: 5753

Re: Classic Bernstein — Asset Allocation and Time Horizon

b) Over long time periods, the stock-to-bond ratio of one’s portfolio determines nearly all the return/risk, while the specific equity classes within the portfolio matter very little (as long as they're somewhat diversified). Your thoughts? Simplegift, I am not sure we can infer that just from thes...
by staythecourse
Fri Apr 29, 2016 8:11 pm
Forum: Investing - Theory, News & General
Topic: Is Coffeehouse Portfolio Not Preferred by BHs?
Replies: 54
Views: 5883

Re: Is Coffeehouse Portfolio Not Preferred by BHs?

Don't mean to bump my own thread, but does anyone know if this chart is published online? I find these types of analysis fascinating. It also helps calm the "what if I don't invest in this fund and then it outperforms by 0.1% and then I'll spend the next 10 years wondering if I should buy into...
by staythecourse
Fri Apr 29, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: If not Children - Who/What Leave Estate To?
Replies: 27
Views: 2800

Re: If not Children - Who/What Leave Estate To?

Do you have a strong desire to leave an estate? If not you could use SPIAs to have a very secure and high income retirement. For those who are leaving money to charities basically because there isn't anybody else to leave it to, i.e. no strong altruistic desire, why not just do the above. If I was ...
by staythecourse
Wed Apr 27, 2016 12:01 am
Forum: Investing - Theory, News & General
Topic: the boglehead bias against options
Replies: 90
Views: 10373

Re: the boglehead bias against options

It sounds lame, but one of the consistent traits of many great equity investors through history is faith. That is what i am seeing lacking in the OP. Jack Bogle and Warren Buffet and many others are great investors, because they truly believe in capitalism no matter how dinged it may be. If you do n...
by staythecourse
Sun Apr 24, 2016 8:26 pm
Forum: Investing - Theory, News & General
Topic: Is Coffeehouse Portfolio Not Preferred by BHs?
Replies: 54
Views: 5883

Re: Is Coffeehouse Portfolio Not Preferred by BHs?

The Pizza tastes exactly the same no matter how many slices you decide to create. Love this quote and correct. Probably my FAVORITE single set of graphs I have EVER seen is one that is never mentioned. It as published in "IAA" by Dr. Bernstein. He looks at a whole bunch of different asset...
by staythecourse
Sat Apr 23, 2016 7:58 pm
Forum: Investing - Theory, News & General
Topic: If past performance doesn't indicate future performance, why buy stocks?
Replies: 43
Views: 4263

Re: If past performance doesn't indicate future performance, why buy stocks?

I have written on this topic NUMEROUS times and am quite disgusted that this phrase "past performance does not guarantee future performance" or some version of that phrase is used INCORRECTLY by everyone on this board and that includes famous authors and the senior folks on this board. I, ...
by staythecourse
Sat Apr 23, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Physician Specialists Looking for career advice
Replies: 42
Views: 4799

Re: Physician Specialists Looking for career advice

I agree with a lot of what you are saying, and you clearly have well thought out positions. I would disagree about how much power and leverage physicians can have in both hospital employed and private practice settings. Physicians are not purely labor (or a liability) because unlike the valet or gi...
by staythecourse
Sat Apr 23, 2016 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Physician Specialists Looking for career advice
Replies: 42
Views: 4799

Re: Physician Specialists Looking for career advice

Amen. Many physicians, especially us hospital based docs become impotent expendable workers when we are employed. We have no patients and are film readers, anesthesia administrators, slide readers or ER clinicians to them. Who cares about working conditions, happiness, any control over practice or ...
by staythecourse
Fri Apr 22, 2016 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Specialists Looking for career advice
Replies: 42
Views: 4799

Re: Physician Specialists Looking for career advice

It depends on your specialty. If you generate large downstream revenue for others, then employment with hospital or multi specialty group can make you valuable and well compensated. Not so. As you can imagine a group or hospital could make EVEN more if you do the same work with less pay. The delta ...
by staythecourse
Fri Apr 22, 2016 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Specialists Looking for career advice
Replies: 42
Views: 4799

Re: Physician Specialists Looking for career advice

Dear Bogleheads, I am a first year fellow in a subspecialty. Looking for career advice. Any advice or experience regarding the following would be helpful. 1. Joining a multispecialty clinic vs specialty specific group vs hospital employed position? 2. Would a BogleHead be completely opposed to taki...
by staythecourse
Fri Apr 22, 2016 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 59
Views: 6988

Re: Why am I still scared ? Is it actually normal ?

My net worth is higher then yours and I am several years younger (turning 40 this year) and empathize with your emotions. My wife comments that I am more neurotic about losing money now that I have it then when I didn't have any. I think once people have a good some of money they realize the opport...
by staythecourse
Fri Apr 22, 2016 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about decreasing work hours...
Replies: 7
Views: 1087

Re: Thinking about decreasing work hours...

If it was me I would do it in a heartbeat. There is only so much time one gets in this world and you seem to have 2 reasons to cut down: 1. A VERY stressful job that likely affects your mood even when you are not working and 2. A family and/ or interests you would like to spend time with the extra t...
by staythecourse
Fri Apr 22, 2016 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 59
Views: 6988

Re: Why am I still scared ? Is it actually normal ?

My net worth is higher then yours and I am several years younger (turning 40 this year) and empathize with your emotions. My wife comments that I am more neurotic about losing money now that I have it then when I didn't have any. I think part of me being worried is a first world problem mixed in wit...
by staythecourse
Mon Apr 18, 2016 10:03 am
Forum: Investing - Theory, News & General
Topic: Everyone Worries Too Much About 'Black Swans'
Replies: 39
Views: 4203

Re: Everyone Worries Too Much About 'Black Swans'

RNJ wrote:I think we often overlook "personal" Black Swans that have nothing to do with the markets: illness, disability, death or illness of a working spouse/partner, permanent loss of high-paying job.


Excellent insight.

Good luck.
by staythecourse
Mon Apr 18, 2016 9:41 am
Forum: Investing - Help with Personal Investments
Topic: What expected % return should a longterm investor use?
Replies: 50
Views: 5120

Re: What expected % return should a longterm investor use?

I, personally, don't use any expected return. I do use some generalizations, such as: Over the long run stocks do provide a premium over bonds which has a premium over cash which does better then inflation. If you look at the data even in just the short history of US markets the median returns of eq...

Go to advanced search