Search found 4055 matches

by staythecourse
Tue Aug 23, 2016 7:38 pm
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 139
Views: 25058

Re: Frugality regret: What thing do you regret not spending on?

Great thread. After reviewing other's answers and pondering the question... 1. Not spending more on paying for a photographer and videographer (cheap or professional) for every major event (kids birthdays and get together with friends). Not such a big deal now as my wife and I are just too busy to l...
by staythecourse
Mon Aug 22, 2016 6:44 pm
Forum: Investing - Theory, News & General
Topic: This is why a 100% stock allocation is a bad idea
Replies: 62
Views: 6844

Re: This is why a 100% stock allocation is a bad idea

I have written NUMEROUS times, but here is a prerequisite criteria folks need to be able to check of before even considering 100% equities: 1. Recession proof job 2. Long time horizon for the money (10+ years) 3. No need for liquidity before that 4. At least 1 yr. EF 5. Ability to stay the course A...
by staythecourse
Sat Aug 20, 2016 11:37 am
Forum: Investing - Theory, News & General
Topic: This is why a 100% stock allocation is a bad idea
Replies: 62
Views: 6844

Re: This is why a 100% stock allocation is a bad idea

You DON'T need to be an experienced investor to figure out when you should or not be 100% equities. It is pretty common sense. The same negatives have happened time and time again, but the folks most affected are those who DON'T learn from others. I have written NUMEROUS times, but here is a prerequ...
by staythecourse
Fri Aug 19, 2016 1:21 pm
Forum: Investing - Theory, News & General
Topic: Are there other reasons besides volatility to avoid 100% equities?
Replies: 109
Views: 5707

Re: Are there other reasons besides volatility to avoid 100% equities?

I would agree volatilit MAY not be the same as risk. That association is dependent on each person's situation. For example: Person A: 100% equities who works as a stock broker in a single income family. He has his second kid going to college at the same time this fall and is planning to go ahead and...
by staythecourse
Fri Aug 19, 2016 11:56 am
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4421

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

Not to cause a stink, but how is this thread still allowed? It started out as a reasonable request for advice as a consumer, but has turned into a medical advice forum by doctors and non doctors. Threads discussing much less then this thas been shut down in record time. Is someone asleep at the whe...
by staythecourse
Thu Aug 18, 2016 10:56 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4421

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

Not to cause a stink, but how is this thread still allowed? It started out as a reasonable request for advice as a consumer, but has turned into a medical advice forum by doctors and non doctors. Threads discussing much less then this thas been shut down in record time. Is someone asleep at the whee...
by staythecourse
Thu Aug 18, 2016 8:32 am
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4421

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

Simple. Tell the surgeon/hospital you'll sue them and file a complaint with the medical license board. Everyone is entitled to their own opinion, but when giving advice to others there should be some logic behind it. First to sue you will need to find an attorney to pick up the case. No offene to t...
by staythecourse
Thu Aug 18, 2016 8:31 am
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4421

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

Simple. Tell the surgeon/hospital you'll sue them and file a complaint with the medical license board. Everyone is entitled to their own opinion, but when giving advice to others there should be some logic behind it. First to sue you will need to find an attorney to pick up the case. No offene to t...
by staythecourse
Wed Aug 17, 2016 10:18 pm
Forum: Investing - Theory, News & General
Topic: Time Diversification - bottom line, what do you do?
Replies: 37
Views: 3102

Re: Time Diversification - bottom line, what do you do?

Okay before someone quotes the raondom Norad cyber piece I'll throw my two cent in. Yes if you look at that random paper mathamatically since stocks have a higher dispersion of returns in the short run and you carry out those different possible returns over a 5, 10, or 20 yr. periods there will be c...
by staythecourse
Wed Aug 17, 2016 7:47 pm
Forum: Investing - Theory, News & General
Topic: Why is Soros betting against the market (shorting SPY)?
Replies: 33
Views: 4717

Re: Why is Soros betting against the market (shorting SPY)?

Okay let me re-iterate my usual: WHO CARES!! I don't understand the level of idolism folks have on this website for big name folks. Soros is A LOT smarter then me, but what I know he is not is clairvoyant any more then my dog (BTW I don't have a dog). Just like I wouldn't take advice from a pooch ab...
by staythecourse
Wed Aug 17, 2016 4:41 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4421

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

I'm not in academics but that is a good point. Still, the hospital grants privileges to the physicians so they can't wash their hands so easily. Don't take this to be legal advice, obviously. This is simply the most productive approach where I work. I agree this is the most productive approach. A l...
by staythecourse
Wed Aug 17, 2016 4:27 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4421

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

I'm a physician and have sat on risk management and patient outreach committees. The successful approach at our hospital would be along the lines of, thank you for the care. I am so glad you saved my son's life because the Tylenol could have killed him. I am willing to not sue you for malpractice i...
by staythecourse
Wed Aug 17, 2016 4:20 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4421

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

Do as you feel is right, but can say going to an attorney is not going to be useful. Malpractice attorneys rightfully are looking for $$ at the end of a case. One of the determinants is damages. The only damages is the readmission. Being paid on contigency to get you off from the subsequent bill is ...
by staythecourse
Tue Aug 16, 2016 2:11 pm
Forum: Investing - Theory, News & General
Topic: Someone wants to pay me to manage their finances
Replies: 46
Views: 4123

Re: Someone wants to pay me to manage their finances

Another suggestion is to give your friend a good book about investing. I like Mr. Bogle's Little Book of Common Sense Investing for someone who is unlikely to spend much time learning. Investing with simplicity in index funds is not intuitive. A good book will explain better than you or I can. Agre...
by staythecourse
Tue Aug 16, 2016 1:36 pm
Forum: Investing - Theory, News & General
Topic: Someone wants to pay me to manage their finances
Replies: 46
Views: 4123

Re: Someone wants to pay me to manage their finances

I would be curious to see how much they would care about your lack of experience or certifications when the next 2008 rolls around. The liability and/ or headaches are just not worth it. Just tell them you are not qualified to manage money professional (which you aren't) and direct them to Vanguard....
by staythecourse
Tue Aug 16, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Scores: Which one do you get?
Replies: 39
Views: 7874

Re: FICO Scores: Which one do you get?

I'm sure this has been mentioned and apologize if I am repeating, but mortgage lenders use a trimerge report of specific FICO scores from the 3 bureaus. So be aware you are looking at the right scores if anticipating buying house with a mortgage. I forgot what they are now. I used myfico when I wa b...
by staythecourse
Mon Aug 15, 2016 8:39 pm
Forum: Investing - Theory, News & General
Topic: "15 Investment Recommendations"
Replies: 8
Views: 1077

Re: "15 Investment Recommendations"

For the younger investors, In regards to the 17% of actively managed funds that outperformed the indexes over the last 15 years I am assuming this is OVERstated as they likely did not include: 1. Fees and taxes 2. Survivorship bias This is all including the fact almost all active investors have a po...
by staythecourse
Sun Aug 14, 2016 10:11 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3109
Views: 705438

Re: U.S. stocks in freefall

What are YOU doing with your money? What I always do. Invest ten unites a month to maintain my asset allocation. Buying into a falling asset when human nature is telling me to buy into the rising one isn't easy but it works. :D The reason it is difficult is too many folks and industry make you thin...
by staythecourse
Thu Aug 11, 2016 7:58 pm
Forum: Investing - Theory, News & General
Topic: Dr Bernstein: Limit Muni Bond Exposure
Replies: 110
Views: 13643

Re: Dr Bernstein: Limit Muni Bond Exposure

Quick Reminder. Note, the original post is ten months old . As I wrote on my previous note, some investors are limiting their exposure to munis, others are going ALL IN into munis. Good luck with your investments. Thanks for reading. Then the next can of worms that is opened is why would the substa...
by staythecourse
Thu Aug 11, 2016 5:22 pm
Forum: Investing - Theory, News & General
Topic: Dr Bernstein: Limit Muni Bond Exposure
Replies: 110
Views: 13643

Re: Dr Bernstein: Limit Muni Bond Exposure

I think the likelihood of muni bonds losing its tax advantages is much more likely then a systematic default that would cripple an entire well diversified muni fund. The former would take a single bill through congress which would be well funded by actively managed bond fund companies to attract mor...
by staythecourse
Thu Aug 11, 2016 4:32 pm
Forum: Personal Consumer Issues
Topic: Best Crossover SUV to purchase
Replies: 118
Views: 9843

Re: Best Crossover SUV to purchase

+whatever number on the nod to Mazda CX-5. I have one which I bought without looking into any others just based on a close couple's 1+ year search. It seemed to rival yours as they test drove and researched EVERY crossover SUV on the market. I figured why re-invent the wheel so just test drove it an...
by staythecourse
Tue Aug 09, 2016 8:13 pm
Forum: Investing - Theory, News & General
Topic: College bubble - any good articles or books on this?
Replies: 57
Views: 4390

Re: College bubble - any good articles or books on this?

Medical schools are also a part of the problem. Some med students graduate with $300k debt that doesn't really start to get repaid for at least another three years. This is one reason why new licensed physicians (post-residency) tend to become employed with a salary at a hospital or large group rat...
by staythecourse
Tue Aug 09, 2016 8:05 pm
Forum: Investing - Theory, News & General
Topic: College bubble - any good articles or books on this?
Replies: 57
Views: 4390

Re: College bubble - any good articles or books on this?

Where medical schools are concerned, it's important to keep in mind the AMA (American Medical Association) is artificially limiting how many medical schools there are, which limits how many graduating doctors there are. This keeps physician salaries high. AMA is the UAW of physicians. The AMA does ...
by staythecourse
Tue Aug 09, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Move for better schools and commute?
Replies: 17
Views: 1137

Re: Move for better schools and commute?

Even though this is a financial website in reality life is not all about money or vice versa if you have all the money in the world but don't get to enjoy your life what is the point. This is one of those situations (in my opinion). You will be commuting less, can send your kids to great schools tha...
by staythecourse
Tue Aug 09, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: flipping houses
Replies: 31
Views: 3252

Re: flipping houses

Who cares if some guy made a BILLION dollars of one deal. The question is can it be reproduced... I wouldn't need to reproduce a billion. I wouldn't need to reproduce 1/100th of that. Thanks for cutting and pasting a snippet out of context. The point and I am sure you understood as why you didn't s...
by staythecourse
Tue Aug 09, 2016 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: flipping houses
Replies: 31
Views: 3252

Re: flipping houses

Sure I take risks, but I make calculated risks when it comes to money. The key to making decisions is to analyze if the new option is much better then the default option. If not then why would any rational person choose option B over A? Other then due to emotion of greed (in the example of this thre...
by staythecourse
Tue Aug 09, 2016 10:25 am
Forum: Personal Finance (Not Investing)
Topic: flipping houses
Replies: 31
Views: 3252

Re: flipping houses

I'm assuming the question is a bit tongue in cheek. I work with several "flippers" and the most successful one is a contractor who works with his son. They take their time and use the house as a means of keeping themselves and other crew members busy during down times. The last flip was a...
by staythecourse
Mon Aug 08, 2016 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: mortgage for old folks?
Replies: 17
Views: 1545

Re: mortgage for old folks?

Not to be crasse but at your ages by bigger worry would be enjoying myself as much as possible before one or both of you two pass away. Money is not an issue for you with your life expectancies. Time is the bigger issue. Spending time thinking about mortgage or no mortgage is a waste of precious tim...
by staythecourse
Sun Aug 07, 2016 7:44 pm
Forum: Personal Consumer Issues
Topic: Medical Billing issue
Replies: 11
Views: 1117

Re: Medical Billing issue

Never ceases to amaze me how intelligent folks (if your on bogleheads you are one of them) can not figure out simple issues like this. You have two parties involved. One (hospital) does the day in and day out every day and bills your exact problem OVER and OVER again and has succesfully been paid O...
by staythecourse
Sat Aug 06, 2016 11:27 pm
Forum: Personal Consumer Issues
Topic: Medical Billing issue
Replies: 11
Views: 1117

Re: Medical Billing issue

Never ceases to amaze me how intelligent folks (if your on bogleheads you are one of them) can not figure out simple issues like this. You have two parties involved. One (hospital) does the day in and day out every day and bills your exact problem OVER and OVER again and has succesfully been paid OV...
by staythecourse
Wed Aug 03, 2016 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Has Anyone Filed a Formal Complaint Against a Real Estate Licensee
Replies: 30
Views: 2187

Re: Has Anyone Filed a Formal Complaint Against a Real Estate Licensee

Apologize if I am repeating as I did not read the responses thus far. I would DEFINETLY file a complaint. Not to be lame, but this is what makes America great as there are usually checks and balances out there if you feel you have been wronged. Not filing is like letting him get away with wrong doin...
by staythecourse
Wed Aug 03, 2016 12:27 am
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 44
Views: 7965

Re: How long to turn 1 million to 2 millions for you?

For others reading this thread I just wanted to throw some perspective. Most of those who "jumped" from 1 to 2 million is NOT normal. No offense to many who have done it, but is more of a product of the stock market the last 5+ years. That is not going to be easy to reproduce. For those tr...
by staythecourse
Mon Aug 01, 2016 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3021

Re: Doctor takes HMO but not PPO insurance?

There is no "veil of secrecy" or a complicated conspiracy in medical billing. It is an unorganized and labyrinthine mess that nobody understands. It was thrust upon the medical profession by government bureaucrats. Bingo. I am amazed how many intelligent (bogleheads) who actually think it...
by staythecourse
Sun Jul 31, 2016 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3021

Re: Doctor takes HMO but not PPO insurance?

... or what is the situation about with inpatient/outpatient classification in ERs and hospitals? I don't even understand it reading this table from Medicare: https://www.medicare.gov/what-medicare-covers/part-a/inpatient-or-outpatient.html I am a physician and I don't understand this either. Very ...
by staythecourse
Sat Jul 30, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3021

Re: Doctor takes HMO but not PPO insurance?

... or what is the situation about with inpatient/outpatient classification in ERs and hospitals? I don't even understand it reading this table from Medicare: https://www.medicare.gov/what-medicare-covers/part-a/inpatient-or-outpatient.html I am a physician and I don't understand this either. Very ...
by staythecourse
Fri Jul 29, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: MRI Price [Magnetic Resonance Imaging]
Replies: 35
Views: 2041

Re: MRI Price

BTW, cash pay will ALWAYS be cheaper then through insurance. That is why it is not entirely ethical/ legal to pay in cash when you have commercial insurance. Great thing is, in my opinion, the ENTIRE cost is quoted (the imaging, the dye injection, the rads read, etc...) Nice to know the entire cost...
by staythecourse
Thu Jul 28, 2016 9:49 am
Forum: Personal Consumer Issues
Topic: What makes people succeed?
Replies: 69
Views: 5503

Re: What makes people succeed?

Great thread and have had MANY internal discussions with the wife and our inner network of friends about this topic. We are nearly all physicians so would qualify under your definition of "successful". With all the discussions we have had we have found no conclusions. What I have seen that...
by staythecourse
Thu Jul 28, 2016 9:09 am
Forum: Investing - Theory, News & General
Topic: Bogleheads approach explained in one paragraph
Replies: 13
Views: 1429

Re: Bogleheads approach explained in one paragraph

Setup a microwave and begin popping some popcorn as you talk. It'll be done at the 5 minute mark. Give half the popcorn to one person and say he invested like a Boglehead. Keep the other half yourself, but give another guy a few kernels. Explain that he invested with Edward Jones and start eating h...
by staythecourse
Thu Jul 28, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: MRI Price [Magnetic Resonance Imaging]
Replies: 35
Views: 2041

Re: MRI Price

Cash pay is usually cheaper because one is avoiding paying for a billing person/ company who takes a cut and avoiding the time it takes for billing revenue cycle to be complete (time pt. is seen, billing is submitted, and payment ends up in bank account). This, of course, assumes there are no deduct...
by staythecourse
Wed Jul 27, 2016 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: MRI Price [Magnetic Resonance Imaging]
Replies: 35
Views: 2041

Re: MRI Price

Sorry did not read the other responses so aplogize if I am repeating. Definetly paying in cash will NOT count towards your deductible. The answer of what to do all depends on how much of your deductible has been met and how "high" is that Hight deductible plan? If you are just starting to...
by staythecourse
Wed Jul 27, 2016 8:43 pm
Forum: Investing - Theory, News & General
Topic: are the markets overvalued? Are Grantham/Hussman etal correct?
Replies: 222
Views: 13809

Re: are the markets overvalued? Are Grantham/Hussman etal correct?

I'll admit I did not read the link nor know what Granthem or Hussman's stances are on the top, but I'll easily chime in with my usual: WHO CARES. Who cares what anyone thinks about the market. It isn't like they are much better then a fortune teller. All they know is how to analyze the data to tell ...
by staythecourse
Wed Jul 27, 2016 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: MRI Price [Magnetic Resonance Imaging]
Replies: 35
Views: 2041

Re: MRI Price

BTW, cash pay will ALWAYS be cheaper then through insurance. That is why it is not entirely ethical/ legal to pay in cash when you have commercial insurance. Great thing is, in my opinion, the ENTIRE cost is quoted (the imaging, the dye injection, the rads read, etc...) Nice to know the entire cost ...
by staythecourse
Wed Jul 27, 2016 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: MRI Price [Magnetic Resonance Imaging]
Replies: 35
Views: 2041

Re: MRI Price

Sorry did not read the other responses so aplogize if I am repeating. Definetly paying in cash will NOT count towards your deductible. The answer of what to do all depends on how much of your deductible has been met and how "high" is that Hight deductible plan? If you are just starting to ...
by staythecourse
Wed Jul 27, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: Traits of a successful investor
Replies: 29
Views: 2149

Re: Traits of a successful investor

Mine would be what I call "financial malaise". I liken it to hitting investing Nirvana. It is the point where you have read and read and read then thought and thought and thought about your plan specific for your situation. Then you execute it according to a Bogleheads approach (low cost ...
by staythecourse
Wed Jul 27, 2016 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plans?
Replies: 31
Views: 3228

Re: 529 plans?

Worst case is the investments do great and then I just unintentional/ intentional set up a poor man's educational trust to be passed down from generation to generation. Or one of your descendants can cash it out, pay tax and pay the 10% penalty. If someone left me $800k and I had to pay the penalty...
by staythecourse
Wed Jul 27, 2016 9:44 am
Forum: Investing - Help with Personal Investments
Topic: 529 plans?
Replies: 31
Views: 3228

Re: 529 plans?

Sorry to crash this thread but thought easier to ask a 529 question here rather than start another thread. We have two kids. a three and a half yr old and a one and a half yr old. My wife's grandfather has been generously making an annual donation to both kids so between that and what we save we ar...
by staythecourse
Wed Jul 27, 2016 9:33 am
Forum: Investing - Theory, News & General
Topic: Traits of a successful investor
Replies: 29
Views: 2149

Re: Traits of a successful investor

Mine would be what I call "financial malaise". I liken it to hitting investing Nirvana. It is the point where you have read and read and read then thought and thought and thought about your plan specific for your situation. Then you execute it according to a Bogleheads approach (low cost i...
by staythecourse
Tue Jul 26, 2016 9:04 am
Forum: Investing - Help with Personal Investments
Topic: 529 plans?
Replies: 31
Views: 3228

Re: 529 plans?

529 has been one of the best things we've ever done, financially. Part of this reflects the timing (contributions over the past decade or so). My home state has a tax advantage, but nowhere near as generous as yours. And our home-state educational opportunities don't hold a candle to yours, either ...
by staythecourse
Sun Jul 24, 2016 5:28 pm
Forum: Investing - Theory, News & General
Topic: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?
Replies: 178
Views: 9612

Re: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?

I've written on here certain criteria folks should be able to check off before going 100% equities. If you meet them and want to go for it and you should do better then a portfolio of mixing bonds. The criteria: 1. Recession proof job. 2. Long time horizon (>10 yrs. Preferable greater then 20+ yrs.)...
by staythecourse
Sun Jul 24, 2016 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Where should the money go
Replies: 4
Views: 546

Re: Where should the money go

My guess it all depends on your asset allocation? If you are heavy in stocks then it would be better just to keep investing as over the remainder of your mortgage note duration you will likely make more money then the better interest rate will save. How about just investing in paying down mortgage t...

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