Search found 4263 matches

by staythecourse
Mon Feb 20, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How do I buy a building lot from current owner ...
Replies: 15
Views: 794

Re: How do I buy a building lot from current owner ...

Easy... hire a real estate attorney. It is so cheap in relation the amount paid in real estate I am not sure why ANYONE would not use one.

Good luck.
by staythecourse
Sat Feb 18, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Valuation does not matter (may be)
Replies: 55
Views: 3613

Re: Valuation does not matter (may be)

I am not sure why we always debate academic points as if any of us are writing a PHD paper. The question the individual investor should be asking is NOT does valuations matter, but is there a set of metrics that give better returns on a prospective basis after transaction cost, taxes, brokerage cost...
by staythecourse
Fri Feb 17, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to have 100% in the stock market?
Replies: 58
Views: 5696

Re: Is it reasonable to have 100% in the stock market?

If you don't meet the requirements below either forget about 100% equities OR address the deficiency. 1. Recession proof job. 2. Long time horizon for the money (>10 years min) 3. No need for liquidity of money during that time frame above 4. EF at least 1 year if not 2. 5. Ability to stay the cour...
by staythecourse
Fri Feb 17, 2017 8:12 pm
Forum: Investing - Theory, News & General
Topic: Beat the market long-term? Yes, it can be done.
Replies: 133
Views: 1841

Re: Beat the market long-term? Yes, it can be done.

Sorry didn't read the fine details of this thread, but curious if this included the active funds that have been closed during the time period, if any? Did they account for survivorship bias?

Good luck.
by staythecourse
Wed Feb 15, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to have 100% in the stock market?
Replies: 58
Views: 5696

Re: Is it reasonable to have 100% in the stock market?

The market crashing and its volatility is not a big deal for most on this board as they know the story of volatility. The issue comes in the risk of losing your JOB the same time you have nothing to fall back on outside of a declining all stocks portfolio in a downswing economy. That's why virtuall...
by staythecourse
Wed Feb 15, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to have 100% in the stock market?
Replies: 58
Views: 5696

Re: Is it reasonable to have 100% in the stock market?

I have nil problems with 100% stocks, having been 100% stocks for decades, and I still do not own a single bond. My advice to my heirs (anything they inherit is simply gravy to them) is to keep everything in stocks forever. There is huge fear among BHs for a 50% fall. IMHO this fear is justified on...
by staythecourse
Wed Feb 15, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Insane Bloodwork Cost (Quest Diagnostic)
Replies: 51
Views: 4062

Re: Insane Bloodwork Cost (Quest Diagnostic)

An agent at BC/BS told me that their EOB is the final authority on what the patient owes. The doctor's office was telling me that my responsibility was for the difference between what they billed for and what BC/BS paid. She telephoned the doctor's office and got them to stop billing me for the dif...
by staythecourse
Wed Feb 15, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Beating the market through behavioral finance.
Replies: 51
Views: 3018

Re: Beating the market through behavioral finance.

Actually most people DO stay the course. Over 90% of them do. And those who don't stay the course are almost exclusively men. That was the finding of the 2006 paper "The Inattentive Participant: Portfolio Trading Behavior in 401(k) Plans". The authors were granted access by Fidelity to th...
by staythecourse
Tue Feb 14, 2017 9:15 pm
Forum: Personal Consumer Issues
Topic: Kitchen cabinets
Replies: 58
Views: 3875

Re: Kitchen cabinets

There's a good chance I want to move in 5-7 yrs so I do think about resale and want something that won't be dated soon. In reality selling a house is more about the location and price. I have yet to meet someone who said, "Wow the school system is great, the area is so safe, and the price is r...
by staythecourse
Tue Feb 14, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Private home sale (without agents): Where to start with price?
Replies: 34
Views: 1710

Re: Private home sale (without agents): Where to start with price?

Having done this twice and sold the same way once, the process to determine what a buyer (you in this instance) or the seller believes is a fair price isn't that difficult. I would not hesitate to have a third appraisal and would suggest it to the seller, but to split the cost is peanuts. Having bu...
by staythecourse
Tue Feb 14, 2017 9:06 pm
Forum: Investing - Theory, News & General
Topic: Beating the market through behavioral finance.
Replies: 51
Views: 3018

Re: Beating the market through behavioral finance.

Hedge funds are run by people. Hedge funds returned only 23 percent from 2010 to 2015, compared with 108 percent for the S&P Index. I exploited this in the best way possible- by hardly lifting a finger. Too bad us mere mortals can't short the hedge funds or receive million dollar bonuses for su...
by staythecourse
Tue Feb 14, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to have 100% in the stock market?
Replies: 58
Views: 5696

Re: Is it reasonable to have 100% in the stock market?

I'll give the same advice I give all who are considering 100% equities. If you don't meet the requirements below either forget about 100% equities OR address the deficiency. 1. Recession proof job. 2. Long time horizon for the money (>10 years min) 3. No need for liquidity of money during that time ...
by staythecourse
Tue Feb 14, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Heated floors in kitchen and baths
Replies: 19
Views: 1473

Re: Heated floors in kitchen and baths

We put a heated tile floor (electric) in our master bath when we lived in the Pacific Northwest and it was a very worthwhile improvement. Electricity in that area is relatively cheap so that was not an issue for us. One suggestion I'd make based on our experience is don't use the 'standard' sized h...
by staythecourse
Tue Feb 14, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Insane Bloodwork Cost (Quest Diagnostic)
Replies: 51
Views: 4062

Re: Insane Bloodwork Cost (Quest Diagnostic)

The insane costs at the rack rate are well known. But even if the insurer doesn't cover it, I assume it is in network and you should get network rates. And I must ask, what kind of insurance policy do you have that wouldn't cover thyroid testing? PPO with HSA :P literally covers nothing but routine...
by staythecourse
Mon Feb 13, 2017 10:40 am
Forum: Personal Consumer Issues
Topic: Kitchen cabinets
Replies: 58
Views: 3875

Re: Kitchen cabinets

Beauty is in the eye of the beholder. That goes for interior design as well. The trend is white, but personally I find it absolutely boring. There is nothing more mundane then white cabs, gray/ superwhite quartzite countertops, white subway tile backsplash. While others can't get enough of it. I lik...
by staythecourse
Wed Feb 01, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Another can I afford this $2M house thread...
Replies: 70
Views: 6930

Re: Another can I afford this $2M house thread...

We are in medicine so feel fairly secure but sure anything could happen. My bad, missed that part. So yes I would sway my opinion based on your current status, the numbers crunched out, AND your stable employment prospects going forward to say you could go for it if it really is your dream home. No...
by staythecourse
Wed Feb 01, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Your thoughts on an aggressive asset allocation
Replies: 29
Views: 2784

Re: Your thoughts on an aggressive asset allocation

Too much home country bias OP. Expected returns are higher for international currently based on valuations. I'd argue you could omit the large caps, increase tilts, increase international, probably add 20% bonds AND still get higher returns with better diversification than what you proposed. Plus y...
by staythecourse
Tue Jan 31, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Another can I afford this $2M house thread...
Replies: 70
Views: 6930

Re: Another can I afford this $2M house thread...

Personally I would not borrow from mom and dad. Too many potential complications to list, not to mention the fact that you are independent professionals who are more than qualified for a bank loan. I would second that. If you can't afford it then you can't afford it. Simple as that. I don't see it ...
by staythecourse
Tue Jan 31, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Another can I afford this $2M house thread...
Replies: 70
Views: 6930

Re: Another can I afford this $2M house thread...

I'd hate it, but you wouldn't be the first to make this work. This of course assumes you both keep working with similar incomes for the next 30 years. I think I'd rather sell a good chunk of the portfolio and pay the taxes than borrow from my parents, especially for such a tiny improvement in rate....
by staythecourse
Fri Jan 27, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Refusing to sign or altering hospital billing admission forms?
Replies: 79
Views: 5900

Re: Refusing to sign or altering hospital billing admission forms?

In the last few years my spouse was taken to the emergency room several times. They use electronic signing, but there are several separate forms. I sign - with POA on file there - all the forms except the one that has me agree that if Medicare won't pay, we will. My position is that If Medicare won...
by staythecourse
Fri Jan 27, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: Refusing to sign or altering hospital billing admission forms?
Replies: 79
Views: 5900

Re: Refusing to sign or altering hospital billing admission forms?

When confronted with forms requiring signatures, and not having time to read them, I write "Signed but not read" and then sign. I learned this trick in medical settings... Not a lawyer, but this sounds like the worst advice for protecting oneself. It shows you are competent by what your w...
by staythecourse
Fri Jan 27, 2017 9:18 am
Forum: Personal Consumer Issues
Topic: Refusing to sign or altering hospital billing admission forms?
Replies: 79
Views: 5900

Re: Refusing to sign or altering hospital billing admission forms?

As a physician and a consumer I have ALWAYS advocated voting with your feet. If you don't like the policy take your business elsewhere. BUT what is NOT allowed is to think as the consumer you can alter the flow of a private business. That is NOT your right. Frankly, pretty arrogant of you as well. ...
by staythecourse
Wed Jan 25, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: T. Rowe Price Claims they consistently beat Indexing
Replies: 24
Views: 2664

Re: T. Rowe Price Claims they consistently beat Indexing

I don't know what I find more comical that active funds are making such an attempt to convincing folks that they are one of the few that can beat the index or investors not picking up on the subtlity that very few active funds actually beat the index so it would just be easier to just buy the index ...
by staythecourse
Wed Jan 25, 2017 8:03 pm
Forum: Personal Consumer Issues
Topic: Refusing to sign or altering hospital billing admission forms?
Replies: 79
Views: 5900

Re: Refusing to sign or altering hospital billing admission forms?

As a physician and a consumer I have ALWAYS advocated voting with your feet. If you don't like the policy take your business elsewhere. BUT what is NOT allowed is to think as the consumer you can alter the flow of a private business. That is NOT your right. Frankly, pretty arrogant of you as well. N...
by staythecourse
Wed Jan 25, 2017 4:23 pm
Forum: Investing - Theory, News & General
Topic: Harvard Endowment laying off half its staff
Replies: 8
Views: 1740

Re: Harvard Endowment laying off half its staff

This is a great in vitro study on a few things: 1. Incredibly smart folks can do some incredibly dumb things. Not learning it is active management that is the problem and NOT who is running the active management. 2. Wall street has A LOT of influence on everything. Point being convincing folks at H...
by staythecourse
Wed Jan 25, 2017 4:00 pm
Forum: Investing - Theory, News & General
Topic: Harvard Endowment laying off half its staff
Replies: 8
Views: 1740

Re: Harvard Endowment laying off half its staff

This is a great in vitro study on a few things: 1. Incredibly smart folks can do some incredibly dumb things. Not learning it is active management that is the problem and NOT who is running the active management. 2. Wall street has A LOT of influence on everything. Point being convincing folks at Ha...
by staythecourse
Tue Jan 24, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Reflection on what to use for "Alternative" asset class and what to do next?
Replies: 17
Views: 1073

Re: Reflection on what to use for "Alternative" asset class and what to do next?

Sometimes in life you just have to admit certain things. In this case, there is no alternative asset class that is available that meets your requirements AND even if there was who knows if it will do what you want it to do? Since there has not been armageddon or hyperinflation in our lifetimes in th...
by staythecourse
Sun Jan 22, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Non-compete for Independent Contractor
Replies: 19
Views: 1541

Re: Non-compete for Independent Contractor

All matters what her contract says. If it says "Noncompete for 15 miles for x years after termination" that is pretty set. The only question left is to ask, are restrictive covenants enforced in your state?. Just google it and get your answer. Previous case law will tell you the answer. Th...
by staythecourse
Sat Jan 21, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: Rewards of Multiple Asset Class Investing
Replies: 11
Views: 1293

Re: Rewards of Multiple Asset Class Investing

Interestingly, "Asset Allocation" by Roger Gibson is the very first book I pulled off the public library rack to start learning about investing. Thank god I picked that one then Jim Cramer or some other nonsense. It is a great chart, but wanted to deviate this thread just a bit (if okay) a...
by staythecourse
Wed Jan 18, 2017 10:17 am
Forum: Personal Consumer Issues
Topic: Iowa Steak Company
Replies: 44
Views: 3391

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: 44
Views: 3391

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: 1901

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: 730

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: 3189

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: 3189

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: 3189

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: 7352

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: 7352

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: 2228

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: 1631

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: 412

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: 7228

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: 5979

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: 6509

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: 6509

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: 6509

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: 667

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: 6509

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: 6509

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: 5080

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...

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