Search found 5588 matches

by staythecourse
Sat May 26, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Should REITs and BDCs be looked at more like bonds?
Replies: 10
Views: 588

Re: Should REITs and BDCs be looked at more like bonds?

REITs have the same level or return and volatility as the overall market. However, for a asset to reduce volatility it does not have to have low volatility. It can actually even have higher volatility. What it needs is a low correlation with the other asset classes in the portfolio. In theory it is...
by staythecourse
Sat May 26, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Professional negotiator
Replies: 18
Views: 1403

Re: Professional negotiator

I think this is a GREAT idea. The target folks you want are those purchasing big ticket items, i.e. cars, boats, etc... Those folks have money and are usually short on time. It would be great to go, "Hey I want x and get me the best deal and we split the difference and if you don't no big deal". The...
by staythecourse
Fri May 25, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13464

Re: The Millionaire Next Door and civil servants

I believe that White Coat Investor says that around 20% of M.D.s at age 60 have a net worth under $300k, barely more than the median household net worth for 65-69 year olds in the U.S. Last survey I looked at showed 24% of physicians over 65 have a net worth under $1M. There was one two years ago t...
by staythecourse
Thu May 24, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2671

Re: Parents with pre-K kids and 529 target

Everyone is different and factors like: How much do you have to save per year AFTER retirement accounts, how many kids, are you trying to cover grad. school as well, your asset allocation within the 529 plan, will you be okay having leftover money in the accounts after it is all said and done, how c...
by staythecourse
Tue May 22, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Three steps forward, two back with saving
Replies: 26
Views: 3136

Re: Three steps forward, two back with saving

You do the best you can do. That is life. You are doing a great job with retirement savings and paying back EF when and emergency actually occurs. Keep doing what you are doing. Either you will save the money in time and buy the car or you will not in time and have to delay or you will not but need ...
by staythecourse
Tue May 22, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: RE: Merchant services.
Replies: 4
Views: 371

RE: Merchant services.

Hey all, Looking for some boglehead suggestions, i.e. cheap and effective for merchant services. I run a solo doctor practice and need to set up a merchant service. I was going to do Square, but found out my cell phone (Moto G5 plus) does not support the reader. It would be for copays and those who ...
by staythecourse
Tue May 22, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4640

Re: How do you stop moving the goal posts.

I'm surprised you have been happy up to this point in your life if your goals are so centered around $$ signs. The reason is that rabbit hole never ends as there is always another $$ to be made or not made. Try shifting your goals to finding something to be passionate about. I've already shifted my ...
by staythecourse
Sat May 19, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Curiosity - Kaiser docs compensation
Replies: 19
Views: 2645

Re: Curiosity - Kaiser docs compensation

Instead many docs are incentivized to see the minimum patient load they need to make the target income offered. Welcome to corporate medicine. My advice to those considering or in corporate medicine is change the mindset to do as least as possible to not get fired vs. worrying about trying to get p...
by staythecourse
Sat May 19, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 105
Views: 8156

Re: Helping Adult Children (but not too much)

AFTER my daughters had closed on their first homes, we gave them $10,000. We didn't want the gift $$$ to just be added to their home selection money pot, so we waited. And one by one swore them to secrecy to prevent the next one to buy from considering the $10,000 as a reason to get a more expensiv...
by staythecourse
Sat May 19, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 105
Views: 8156

Re: Helping Adult Children (but not too much)

Your daughter is in great shape. If I was in your shoes, I would give her a generous graduation gift, probably cash, and then put the pause button on providing help. Too much "help" takes away her accomplishment of achieving independence, which is extremely important for young adults especially you...
by staythecourse
Sat May 19, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6008

Re: Would you send your children to private school in my situation?

However, I truly believe you can make better lifelong business connections at a high end private school. Not a mediocre one though. This is a real consideration, but sort of fate if it happens or not. I just saw an interview with a rabbi who was Zuckerberg room mate at Harvard. When asked why he di...
by staythecourse
Sat May 19, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6008

Re: Would you send your children to private school in my situation?

However, I truly believe you can make better lifelong business connections at a high end private school. Not a mediocre one though. This is a real consideration, but sort of fate if it happens or not. I just saw an interview with a rabbi who was Zuckerberg room mate at Harvard. When asked why he di...
by staythecourse
Sat May 19, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4029

Re: Surgeon salary vs owning a business salary/profit?

Hi OP, I am 33 y/o and about to finally finish my residency in 1 months. I have 100s of thousand in debt and have missed lots of life experiences while in call rooms the past decade. But I still love medicine. Please go into business to make money. I don’t want you as a colleague. That's a bit hars...
by staythecourse
Sat May 19, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6008

Re: Would you send your children to private school in my situation?

However, I truly believe you can make better lifelong business connections at a high end private school. Not a mediocre one though. This is a real consideration, but sort of fate if it happens or not. I just saw an interview with a rabbi who was Zuckerberg room mate at Harvard. When asked why he di...
by staythecourse
Fri May 18, 2018 6:43 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Real Estate Isn’t Special
Replies: 49
Views: 7020

Re: Larry Swedroe: Real Estate Isn’t Special

My 5% allocation to VNQ has been the one aspect of my AA I'm least confident in and go back and forth on somewhat often. And my feelings on it are not correlated with the current performance, just a general skepticism that low correlations are a good enough reason to own a sector (since most indivi...
by staythecourse
Fri May 18, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4029

Re: Surgeon salary vs owning a business salary/profit?

Why limit yourself to surgery? I would bet most high end medical specialists have a higher probability of making more then a SBO. Then, of course, to be philosophical doctors USED to be SBO themselves just in the field of medicine. I would say that high end specialists have a better chance of being ...
by staythecourse
Wed May 16, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6008

Re: Would you send your children to private school in my situation?

22twain wrote:
Wed May 16, 2018 4:44 pm
PFInterest wrote:
Wed May 16, 2018 2:07 pm
Statistically your childrens success is determined by SES
:confused :confused
Socioeconomic status.

Good luck.
by staythecourse
Wed May 16, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6008

Re: Would you send your children to private school in my situation?

OP brings in $900k annually. He/she can easily afford private school. Why is this even a question? This is the perfect situation to have a "spirited" debate of private vs.public school. In this situation it is NOT about money. We chose public as I did not see value added to the private school optio...
by staythecourse
Wed May 16, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6008

Re: Would you send your children to private school in my situation?

OP brings in $900k annually. He/she can easily afford private school. Why is this even a question? This is the perfect situation to have a "spirited" debate of private vs.public school. In this situation it is NOT about money. We chose public as I did not see value added to the private school optio...
by staythecourse
Wed May 16, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 4894

Re: Large Personal Injury Settlement

Doc here. My biggest concern would be healthcare coverage for current and future needs due to the accident. At 21 you will incur A LOT of expenses over your lifetime just due to the injury. What are you doing for healthcare? Is that negotiated in the settlement? Good luck. p.s. This may be insensit...
by staythecourse
Wed May 16, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6008

Re: Would you send your children to private school in my situation?

What is the definition of "very good public school" and "good private school"? Those are too subjective to even try to start making that decision IRREGARDLESS of how much money you have. Just my personal opinion, if you are going to be paying extra for private there should be a tangible value added ...
by staythecourse
Tue May 15, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting to go part time - negotiating strategies
Replies: 31
Views: 2794

Re: Requesting to go part time - negotiating strategies

As for responding to the question about "will you quit?" I would just say "That's not a fair question, so I won't answer it." Honestly, that answer is the type of answer they are looking for. When asked a question like that any answer outside of "Yes I will leave" is a win for the company. The prob...
by staythecourse
Tue May 15, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business Owner - how to build retirement wealth
Replies: 33
Views: 2844

Re: Small Business Owner - how to build retirement wealth

So your talking about 4 million give or take over 20 years. That doesn't require any fancy moves does it if one is making enough income to be at the highest tax bracket? All that it requires is the same boglehead style investing approach. The big elephant in the room that needs to be figured out is ...
by staythecourse
Tue May 15, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 4894

Re: Large Personal Injury Settlement

Doc here. My biggest concern would be healthcare coverage for current and future needs due to the accident. At 21 you will incur A LOT of expenses over your lifetime just due to the injury. What are you doing for healthcare? Is that negotiated in the settlement? Good luck. p.s. This may be insensiti...
by staythecourse
Tue May 15, 2018 12:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: How did you fall in love with investing?
Replies: 49
Views: 2660

Re: How did you fall in love with investing?

Since my portfolio moves up and down with market (Mostly in 3 funds) , I am a happy investor Not to deviate the topic, but for our younger investors this is as an important comment as I have ever seen. For the passive investor they ONLY thing they should care about is not their returns, but does th...
by staythecourse
Tue May 15, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Would you be willing to temporarily change your AA?
Replies: 27
Views: 1506

Re: Would you be willing to temporarily change your AA?

Hello Bogleheads, I posted a question some time ago asking about selling my bonds during a market correction. www.bogleheads.org/forum/viewtopic.php?f=10&t=238222&p=3724122#p3724122 The vast response was, this was the whole point of rebalancing. Buying equities at bargain prices while selling your ...
by staythecourse
Tue May 15, 2018 11:51 am
Forum: Local Chapters and Bogleheads Community
Topic: How did you fall in love with investing?
Replies: 49
Views: 2660

Re: How did you fall in love with investing?

For me, I had NO Interest in being rich when I was young. I always was cheap and saved as a byproduct. I chose a field out of residency that makes good money. I started to date my now current wife at that time and started to see a bunch of money sitting in my bank account after a few months as an at...
by staythecourse
Tue May 15, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10453

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

To be tongue and cheek when you find that principle protective investment that gives 4-6% return POST tax let me know since 1 year treasuries are yielding: around 2.25% PRETAX.

Good luck.

p.s. Not trying to be a jerk, but hoping that response will make it pretty obvious what the answer is.
by staythecourse
Tue May 15, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30992

Re: KF's simple rules to achieve FI

Folks, I save a lot of money. But, I am not frugal. A) Household income of around 140K to 150K. B) Tax around 20K to 30K (Social security, Medicare, Federal, and state) C) The annual expense of around 50K to 60K. D) The annual savings of around 50K to 60K. Out of the annual expense, about 20K is fo...
by staythecourse
Tue May 15, 2018 9:53 am
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 9045

Re: Yes, I'm 89 all right!

Mr. Bogle,

You are the man. Thank you for everything you have done for the retail investor.

Good luck.
by staythecourse
Tue May 15, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer Thoughts
Replies: 10
Views: 1316

Re: Job Offer Thoughts

Well too late to put my 2 cents in, but was going to say go for it as well. If this is where you want to be career wise you should do it. How many times do these opportunities come up? Take you chance now. Worst case situation is the company doesn't explode as everyone hope for, but during that time...
by staythecourse
Sun May 13, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: setting up trust- possible sibling drama may ensue
Replies: 34
Views: 2878

Re: setting up trust- possible sibling drama may ensue

i'm sorry in advance this is sooo long! family dynamics is complicated! i'm in the process of helping my dad set up a trust. he wants me to inherit his remaining assets and has given me full responsibility- yay for me :( he knows his children and does not want to be the one making the hard decision...
by staythecourse
Sun May 13, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: About to fire advisor, lagging. Comments?
Replies: 17
Views: 1128

Re: About to fire advisor, lagging. Comments?

So why should I stay? Their products are highly complex and I am a Bogle geek at heart. Just curious if your adviser managed portfolio would have produced returns of 10% over the same time frame would you still be looking to move your money? If the answer is yes then it seems you are more upset you...
by staythecourse
Sat May 12, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 11465

Re: New(ish) attending physicians in the Bay Area: Housing

Don’t take this the wrong way, but if neither of you are in tech, I would strongly consider moving somewhere else. You should be able to earn comparable money in areas with much lower cost of living, where you could actually afford a house, a really nice one. I’m a software engineer married to an a...
by staythecourse
Sat May 12, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4501

Re: How to think about schools/homes (Greatschools/Niche)

I would want my kids to go to the best possible schools. That is the most important factor in my mind. That is not the question. Do you know anybody who is well educated who says, "I don't really care about my kid's education and would rather buy the house down the street from my favorite restauran...
by staythecourse
Sat May 12, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22593

Re: Lucrative careers?

OP here, just to answer some questions ppl asked: My experience is around 2 years(no ad yet) completed at a local college(no top school or anything) with a 3.5 mostly general classes (history, bio, math, etc). Math is by far my worst subject I’ve done construction for a few years and then took care...
by staythecourse
Sat May 12, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4501

Re: How to think about schools/homes (Greatschools/Niche)

The fact you both hold graduate degrees has no statistical significance in my mind on the outcome of your child's ability, in my mind. The disadvantage of moving to a higher income neighborhood where you will be in the bottom half of the distribution - you will have less disposable income to dedica...
by staythecourse
Sat May 12, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4501

Re: How to think about schools/homes (Greatschools/Niche)

I’m sure this has come up enough times, but I’ll ask again. My family is in a bind regarding whether to buy a home in a slightly more affluent neighborhood with excellent schools. Our current home is a nice home in a beautiful neighborhood, but it is zoned to average schools. The schools are ranked...
by staythecourse
Sat May 12, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3782

Re: "Patient paid amount" for month of death in nursing home?

Since your grandmother didn’t have any assets and you were only paying the private room portion the Nursing Home should have no recourse against you and there is no estate to go after. I expect they are just hoping you will pay. I would inform them that the estate has no assets to pay them. Don’t b...
by staythecourse
Fri May 11, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Thinking In Bets
Replies: 22
Views: 2241

Re: Larry Swedroe: Thinking In Bets

larryswedroe wrote:
Fri May 11, 2018 4:58 pm
Sorry, no on returning, just thought would be helpful to "straighten" things out
Oh well. :D

Good luck.
by staythecourse
Fri May 11, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Thinking In Bets
Replies: 22
Views: 2241

Re: Larry Swedroe: Thinking In Bets

Acceptable level of risk of "failure" No right answer. But one for each person. As pointed out by one poster, part of the answer is it depends on the implications of being wrong and if you have options that you can exercise if the left tail risk shows up. If you have acceptable options, like cuttin...
by staythecourse
Fri May 11, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3782

Re: "Patient paid amount" for month of death in nursing home?

Dan, Informative thread for us all as it is a different world then most of us know about first hand. Advice above seems excellent. Check the contract and unless it says YOU are responsible it should be an issue between them and her estate. Please give us an update as I am sure many on here would lik...
by staythecourse
Fri May 11, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Thinking In Bets
Replies: 22
Views: 2241

Re: Larry Swedroe: Thinking In Bets

http://www.etf.com/sections/index-investor-corner/swedroe-lessons-poker-player?nopaging=1 Larry reviews a book called Thinking In Bets by Annie Duke, a former professional poker player. Larry covers a lot of ground in this discussion: confusing strategy and outcome, alternative histories, hindsight...
by staythecourse
Thu May 10, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: [Golf ball] cracked my house window. Do I have any recourse?
Replies: 68
Views: 6955

Re: [Golf ball] cracked my house window. Do I have any recourse?

I grew up on a house right on the golf course of a fancy country club (no we were not members). I can not tell you how many golf balls hit the house and rarely broke a window. I would say it was RARE to see a golfer actually come and take ownership of the wild shot and its damages. But must say that...
by staythecourse
Thu May 10, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 1708

Re: Investment Advice from Pension Fund Manager - Should I listen?

Ask him to disclose what the current allocation of his employers pension fund is? If this pension fund manage invested as he suggests to you he will not be employed for long. Sure he will. He just takes out the board members sitting on the pension funds to a racetrack in Las Vegas and they spend th...
by staythecourse
Thu May 10, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 1708

Re: Investment Advice from Pension Fund Manager - Should I listen?

I am not sure why folks always assume someone has some magical insight that no one else has. Do you really think he or ANYONE can predict which way the market turns? Just because he is a pension fund manager what makes you think he knows ANYTHING more about the future of the markets then the psychic...
by staythecourse
Wed May 09, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5307

Re: What's the view on dogs running free?

Have not read the other thread so apologize if I am repeating... Personally, it would bother me that ANYBODY thinks that my property is somehow an extension of their yard. Not cool. BIGGER issue is one of liability. If dog x comes into your yard and kid y from next door comes over to pick up a baseb...
by staythecourse
Wed May 09, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 5920

Re: Comparing 2 physician jobs

2) don't trust the hospital. Hospital administrators generally stay a few years and move along. They are typically focused on the current fiscal year budget, because they'll be fired if it's not trending the right direction. Just because you're the superstar today doesn't mean anything for tomorrow...
by staythecourse
Tue May 08, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Happy 89th birthday to [Jack] Bogle
Replies: 44
Views: 2457

Re: Happy 89th birthday to Bogle

Happy 89th!!

Thanks for everything.

Good luck.
by staythecourse
Tue May 08, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Amount to spend on a new house [UK]
Replies: 9
Views: 713

Re: Amount to spend on a new house

I've got no dog in the fight, but still doesn't explain why she wants to move from an inexpensive house to one that is DOUBLE what she now owns? All the while now living alone. I am not sure I have ever heard of that. I'm sure folks do that, but frankly never seen anyone do it.

Good luck.