Search found 3945 matches

by staythecourse
Tue May 03, 2016 10:40 am
Forum: Investing - Theory, News & General
Topic: Anyone try Jason Kelly's 3Sig Investing Method?
Replies: 15
Views: 1283

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: 2282

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: 2585

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: 3187

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: 1598

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: 1519

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: 4771

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: 4771

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: 4771

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: 4771

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: 5328

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: 2542

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: 10204

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: 5328

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: 4042

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: 4631

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: 4631

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: 4631

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: 4631

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: 6573

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: 1049

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: 6573

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: 3880

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: 4656

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...
by staythecourse
Mon Apr 18, 2016 9:25 am
Forum: Investing - Theory, News & General
Topic: Everyone Worries Too Much About 'Black Swans'
Replies: 39
Views: 3880

Re: Everyone Worries Too Much About 'Black Swans'

Okay lets play out an apocalyptic scenario where the country goes under (in whatever scenario you want to consider natural disaster through war through bankruptcy). In ANY of those situations folks SHOULD be advocating 100% stocks. In don't see how this could happen and government bonds OR currency ...
by staythecourse
Sun Apr 17, 2016 11:14 pm
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 10716

Re: What are Pros and Cons to the "Four Hour Workweek?"

Didn't read the other posts so apologize if I am repeating, but the ONLY way someone is getting easy money in this world is if they are lying, cheating, stealing, marrying, or inheriting it. For everyone else and MUCH more so for self owning business folks they work hard to make it. Anyone who is sa...
by staythecourse
Sun Apr 17, 2016 10:55 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 56
Views: 4929

Re: Got a Question for Jack Bogle? Post it Here.

I'll throw out my usual question:

If you were born Jack Yasuhara in Japan instead of Jack Bogle in America would you still be advising 100% home country bias? Or did you just have some prescient feeling America would do this well the last 50 years?

Good luck.
by staythecourse
Thu Apr 14, 2016 10:15 pm
Forum: Personal Consumer Issues
Topic: Dispute the medical bill charge
Replies: 14
Views: 1320

Re: Dispute the medical bill charge

I'm am MD and will try to clarify. The bill for the ultrasound is self explanatory and if done in a doctor's office would only have one charge, i.e. global fee vs. 2 separate fees (facility vs. professional fee). The bill for the Evaluation and Management code (E/M) is for the consultation vs. offic...
by staythecourse
Thu Apr 14, 2016 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: 40 year old New Investor with $1,000,000 + in invest
Replies: 27
Views: 4433

Re: 40 year old New Investor with $1,000,000 + in invest

I do like the simplicity of not having to rebalance, etc. I think less tinkering and a more set it and forget approach is what I'm after. -Guru Looks like you answered your own question. Just put it all in a balanced fund (TM in taxable and the normal version in nontaxable) and call it a day. I wou...
by staythecourse
Thu Apr 14, 2016 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 5097

Re: grateful for any input on a major, urgent real estate decision

Nothing to add, but if all is true I just don't get the approach from the owner. He/ she has active renters (you guys) so is not in a bind to sell soon. The market is UP UP UP according to you. So why would he offer you guys the opportunity to by UNDERVALUE?? I would think the move he/ she would mak...
by staythecourse
Wed Apr 13, 2016 9:39 am
Forum: Personal Finance (Not Investing)
Topic: How do you find more satisfaction while living below your means?
Replies: 52
Views: 4230

Re: How do you find more satisfaction while living below your means?

First off there is nothing wrong with wanting what someone else has. It is call envy and it is a normal human emotion. It does not make it wrong it makes us human. The key is balance. I am sure that is what mental health experts would suggest and new wave medicine as well. The idea is if you can not...
by staythecourse
Wed Apr 13, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: 40 year old New Investor with $1,000,000 + in invest
Replies: 27
Views: 4433

Re: 40 year old New Investor with $1,000,000 + in invest

I was in a similar situation in 2013. I sold a small business for $1M and own another small business. I'm 41, have a school teacher wife and two kids. I'm 70/30 stock/bonds and have 70% of my portfolio in taxable. I won't give you specific suggestions on fund choices, but I will tell you that havin...
by staythecourse
Tue Apr 12, 2016 9:46 am
Forum: Investing - Theory, News & General
Topic: what is the draw of active management?
Replies: 37
Views: 2051

Re: what is the draw of active management?

For most I think the draw is the simplistic thought process that the more knowledge and "ability" will produce superior returns in the investing world. It seems logical enough as it is true in other fields of life. You figure the better your doctor is the better the results will be. The sa...
by staythecourse
Mon Apr 11, 2016 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: 1/3 SCV / Emerging Market / REIT
Replies: 39
Views: 2790

Re: 1/3 SCV / Emerging Market / REIT

Interesting as I don't see that as a big difference. My response would be the same irregardless of -47% vs. -61%. My thoughts would still be, "#### this is terrible!!!" and my actions would be the same, "Well might as well just continue to stand still". Sure, you've gotta consid...
by staythecourse
Mon Apr 11, 2016 10:58 am
Forum: Investing - Help with Personal Investments
Topic: 1/3 SCV / Emerging Market / REIT
Replies: 39
Views: 2790

Re: 1/3 SCV / Emerging Market / REIT

Out of curiosity I cherry-picked how bad the downside of this allocation would have been in '08-'09 and equity-wise it was atrocious. Using 1/3 RZV (Guggenheim S&P 600 small cap pure value) 1/3 VNQ (Vanguard REIT) and 1/3 VWO (Vanguard Emerging Markets) I could get a total return of -60.6 compa...
by staythecourse
Sun Apr 10, 2016 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: 1/3 SCV / Emerging Market / REIT
Replies: 39
Views: 2790

Re: 1/3 SCV / Emerging Market / REIT

My portfolio is similar. Just add TSM and Total international mid/ small caps and that is my who portfolio outside of 1 yr. EF. It is up to each investor, but I have NO issues with it. I may be a bit unusual and what helps me is I have 1. NO tracking error issues as I have never used TSM or SP 500 a...
by staythecourse
Wed Apr 06, 2016 10:36 am
Forum: Forum Issues and Administration
Topic: Where is sscritic?
Replies: 17
Views: 2202

Re: Where is sscritic?

I'll join the list of folks who request a reprieve. Sscritic was an EXCELLENT resource. It may be subjective, but don't remember him being such a disruption as to warrant getting booted. Just curious from the admin or mods is there a system in place for someone who got booted to return posting? Even...
by staythecourse
Tue Apr 05, 2016 11:16 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads too conservative?
Replies: 135
Views: 13147

Re: Are Bogleheads too conservative?

As an aside I am a big baseball fan and have always loved scouting. Scouting is, for the most part, the investing arm of a ball club. If you listen to scouting now they often refer to terminology as "high floor" prospects or "high ceiling" prospects and combinations of the two. I...
by staythecourse
Tue Apr 05, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: starter home vs. final home
Replies: 37
Views: 3708

Re: starter home vs. final home

What is the better strategy? 1) purchase a starter home which is inadequate to meet my long term preferences with plans to save, build equity, and eventually buy a nicer home 2) Save up for a longer period of time and buy a home which would be adequate to suffice for the rest of my life. My current...
by staythecourse
Mon Apr 04, 2016 12:57 pm
Forum: Investing - Theory, News & General
Topic: Things I'm Pretty Sure About
Replies: 22
Views: 4201

Re: Things I'm Pretty Sure About

I am not surprised that this kind of financial porn shows up on the Motley Fool. Aside from the observation about pessimism seeming smarter than optimism, what did anyone find here that was enlightening or useful? Paul Agree 100%. That was a useless article in trove of useless articles from Motley ...
by staythecourse
Fri Apr 01, 2016 9:39 am
Forum: Personal Consumer Issues
Topic: Name one good, Name one bad thing YOU experienced [that saved money]
Replies: 37
Views: 3030

Re: Name one good, Name one bad thing YOU experienced [that saved money]

Good: Just sold our house on a MLS only listing site saving 16k on seller broker costs.

Bad: First year of investing put money in some private investment for offshore farmland. After 2-3 years of payment they stopped paying and likely will not see the 14k again.

Good luck.
by staythecourse
Fri Apr 01, 2016 9:34 am
Forum: Investing - Theory, News & General
Topic: Unconventional Investing
Replies: 19
Views: 1973

Re: Unconventional Investing

My advice for this is decide how important saving+ investing is to reach your final financial goal. If it is HIGH then choose the option that has the highest success rate with the highest floor, i.e. bogleheads approach. If you want to shoot for the stars then go ahead and choose options that have a...
by staythecourse
Fri Apr 01, 2016 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals
Replies: 38
Views: 3065

Re: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals

MD here and would advice to dress professional and sharp. The truth of life is you are ALWAYS marketing yourself to the outside world. That involves your looks, your professional manner towards patients and their family, and your ability. You will be judged everyday by your colleagues and those arou...
by staythecourse
Fri Apr 01, 2016 8:07 am
Forum: Personal Consumer Issues
Topic: Medical billing
Replies: 13
Views: 864

Re: Medical billing

If I had to guess as an MD: You had a procedure and paid the deductible and the amount you were liable for x procedure. If the EOB has only x procedure CPT code then you already paid for it all and ignore the bill. If you are being charged y and z on your EOB then you have NOT paid for it and are l...
by staythecourse
Thu Mar 31, 2016 10:12 pm
Forum: Personal Consumer Issues
Topic: Medical billing
Replies: 13
Views: 864

Re: Medical billing

If I had to guess as an MD: You had a procedure and paid the deductible and the amount you were liable for x procedure. If the EOB has only x procedure CPT code then you already paid for it all and ignore the bill. If you are being charged y and z on your EOB then you have NOT paid for it and are li...
by staythecourse
Thu Mar 31, 2016 8:42 am
Forum: Investing - Theory, News & General
Topic: Calculating Total Fund Expenses (Expense Ratio+Turnover)
Replies: 11
Views: 461

Re: Calculating Total Fund Expenses (Expense Ratio+Turnover)

In his AFA Presidential address, then published in the Journal of Finance, Kenneth French estimated the total cost to US investors of active investing at 0.67% of the aggregate value of the stock market. Which is a lot of money. "The Cost of Active Investing" KENNETH R. FRENCH Do you have...
by staythecourse
Thu Mar 31, 2016 8:08 am
Forum: Investing - Theory, News & General
Topic: It's all about saving, not investing really.
Replies: 84
Views: 7838

Re: It's all about saving, not investing really.

BW1985 wrote:
Abe wrote:
staythecourse wrote: It is common math. 5% of 100k is more then 5% of 500k.


I don't get this. :confused


I think staythecourse meant to say 5% of 500k is more than 5% of 100k.


This is why I regret posting without reviewing first. :oops:

Correct I meant 5% of 500k is more then 5% of 100k.

Good luck.
by staythecourse
Wed Mar 30, 2016 10:07 am
Forum: Investing - Theory, News & General
Topic: It's all about saving, not investing really.
Replies: 84
Views: 7838

Re: It's all about saving, not investing really.

Apologize as I am sure to be repeating, but did not read through the other posts. This is one of my BIGGEST if not the BIGGEST pet peaves I have on this site. We spend WAY too much time discussing the granularity of asset allocation and portfolio construction and not nearly enough time discussing ho...
by staythecourse
Mon Mar 28, 2016 10:11 am
Forum: Personal Consumer Issues
Topic: Help with Medical Billing issue
Replies: 19
Views: 1910

Re: Help with Medical Billing issue

So basically, you get a service, the billing is incompetent, you correct them, and it is taken care of? Where is the problem other then incompetent billing? They are not doing anything illegal so who what complaint do you have to the state agency? Incompetence is not illegal. If it was me I would vo...
by staythecourse
Sat Mar 26, 2016 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in timber and land
Replies: 6
Views: 640

Re: Investing in timber and land

There are many folks who have 20% of their assets in holding that is not stocks or bonds. It is called rentals. The problems, as eloquently mentioned above, is the same as ANY single holding if they are rentals or timber or farmland or jewels or sculptures or vineyards or etc... They are illiquid, n...

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