Search found 4747 matches

by staythecourse
Tue Sep 19, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 16
Views: 1842

Re: The Magic of Savings Rate

So, is it really not how much you earn but how much you save? I really do not like simple math to answer complex questions as it is never correct. IF one is going to use a simple formula I would say the best one is the one from, I believe, Wade Pfau who has a table of years to retirement, saving %,...
by staythecourse
Tue Sep 19, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 104
Views: 10310

Re: Calling out the not so rich bogleheads

My reaction to this is folks should just get over it and not measure their happiness and self-worth against others. I never did. Great advice. Me personally, I strive to do this. Unfortunately, often failing. It is human nature to want to compare oneself and bemoan what you don't have and others do...
by staythecourse
Mon Sep 18, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: Experience with Custom Home Builders
Replies: 12
Views: 1106

Re: Experience with Custom Home Builders

You would have fair comparisons if you had an architect draw up plans and detailed specs First. Then submitted those items to at least 3 reputable bonded licensed and insured custom home builders. Bingo. The ONLY way to get a fair apples to apples comparison is to get all the specs down to the lite...
by staythecourse
Mon Sep 18, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Worth buying an excessive priced house?
Replies: 43
Views: 3591

Re: Worth buying an excessive house?

My spouse and I grew up in homes where money was a concern. We're in terrific financial and employment shape now and live in a low-medium cost of living area. We have about 15x annual expensives saved after 10 years of saving, plan to work at least part time for a while, and love our current nice, ...
by staythecourse
Mon Sep 18, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 64
Views: 4456

Re: Getting over emotional attachment to house

No offense, but you ask about emotional attachment, but your analysis basically comes down to tangibles such a extra 100k in income, living in more senior friendly place, and HCOL at current. So is the question about emotional attachment or the best financial move? Either way, why make it so difficu...
by staythecourse
Mon Sep 18, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 56
Views: 3678

Re: What is FI if you love your job? [Financial Independence]

Not sure if this has been asked, but do you have a spouse or kids? If you do or want them in the future you may want to spend more time with them then working. If you have been healthy up to this point in your life you may not be in 10+ years so you may want to spend more time on your health. If you...
by staythecourse
Sun Sep 17, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Should I contact a lawyer?
Replies: 69
Views: 3228

Re: Should I contact a lawyer?

Why don't you ask the district what their policy is and have them provide you a copy of said policy on the issue of them having ownership of all materials done while employed by them. My guess, if you had a policy in effect when you made the material it doesn't matter if you do or don't teach the cl...
by staythecourse
Sat Sep 16, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you celebrate financial milestones?
Replies: 124
Views: 17759

Re: Do you celebrate financial milestones?

I thought I would celebrate financial milestones more, but haven't. I think it comes from not having anyone to share them with in the real world. I tell my wife, but she doesn't believe the numbers I tell her. I think she thinks I have lost my cognition at the tender age of 38. :D No matter what I ...
by staythecourse
Fri Sep 15, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased Mother medical bill
Replies: 22
Views: 2247

Re: Deceased Mother medical bill

Not a lawyer, but why do anything. You are NOT the patient. The issue is between the company and the patient. You are neither. Hopefully, a lawyer can chime in if one is legally obligated to notify a creditor when someone is dead when they are attempting to contact said person trying to collect. Goo...
by staythecourse
Fri Sep 15, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 3657

Re: Advice Badly Needed---Meeting with Financial Advisor

No surprise a teacher give an articulate synopsis of her foray into the world of salesmen in route to trying to learn about personal finance. Your instincts are good which can't be taught so kudos to that. Knowledge can be learned so plenty of time for that. The ONLY part that the salesman said that...
by staythecourse
Thu Sep 14, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: 1st medical bill, already overdue and threaten to send to collection
Replies: 32
Views: 3000

Re: 1st medical bill, already overdue and threaten to send to collection

The issue right now has nothing to do what is right or wrong. Just what is legal and illegal. Balance billing is the term that applies to this billing practice. That means an OUT Of network provider (that means they have no contract with your insurance company) can bill the patient direct for the am...
by staythecourse
Thu Sep 14, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: New attending physician, what to do next?
Replies: 17
Views: 1674

Re: New attending physician, what to do next?

Congrats. Definitely pay off the student loan. Decide on your asset allocation. Then just save as much as you can. I would not have any money in bonds until you pay off your car loans. Consider them a negative bond. Start thinking about saving in a separate account for future house down payment. Ass...
by staythecourse
Thu Sep 14, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: The true cost of Luxury
Replies: 32
Views: 3561

Re: The true cost of Luxury

I own zero in the luxury department, but my wife does own a few shoes, purse, etc... that fits the nomenclature. My experience in observing hers there was no difference in wear and tear of the material between them and the level of brands right below. There definitely is a difference in quality and ...
by staythecourse
Wed Sep 13, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Take Pay cut close to retirement for sanity purposes?
Replies: 17
Views: 1647

Re: Take Pay cut close to retirement for sanity purposes?

If you are on track or there for retirement why spend an extra minute in a job/work environment you don't like? In my opinion, FI is NOT about retiring early it is the ability to say F.U. to anyone and go do what you want to do. Life is too short to spend another 7-8 years doing something you don't ...
by staythecourse
Wed Sep 13, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: Lawsuits against Fisher Investments
Replies: 43
Views: 15544

Re: Re:

I don't know. Going with 100% stocks was only a recommendation and clients could have rejected the advice. I mean we're talking about investment advice here where there isn't some objectively right or wrong answer. It's not like 2+2=4 and 4 is the only correct answer to the question of what does th...
by staythecourse
Tue Sep 12, 2017 11:30 pm
Forum: Investing - Theory, News & General
Topic: Patience is very important to profit from the stock market
Replies: 41
Views: 4126

Re: Patience is very important to profit from the stock market

To be honest, I didn't even realize EM (20% of my portfolio) has been flat the last 6 years until you mentioned it. I just keep buying whatever is lagging in my portfolio every month and don't stress over the current value of anything. The "patience part" is not really that difficult as I already kn...
by staythecourse
Tue Sep 12, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 94
Views: 11667

Re: "Warren Buffett wins $1M bet made with hedgie a decade ago"

Personally, I am not sure why anyone thinks it is any sort of loss for Seides. 1 million is a joke for him, most likely, since he has been charging 2/20 fees this ENTIRE time. The investors may not have done better then SP500, but I can bet the MANAGER of a hedge fund (him vs. any manager of a sp500...
by staythecourse
Tue Sep 12, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Assets tangled with in laws, how to minimize future liabilities
Replies: 26
Views: 1324

Re: Assets tangled with in laws, how to minimize future liabilities

I am one of the harsher posters on this site when it comes to issues like this. My opinion, give them the property, give them back the 50k they gave you, and tell them they did not contribute to your relationship financially so don't expect anything in return. It may seem callous, but you are adult...
by staythecourse
Tue Sep 12, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Assets tangled with in laws, how to minimize future liabilities
Replies: 26
Views: 1324

Re: Assets tangled with in laws, how to minimize future liabilities

I am one of the harsher posters on this site when it comes to issues like this. My opinion, give them the property, give them back the 50k they gave you, and tell them they did not contribute to your relationship financially so don't expect anything in return. It may seem callous, but you are adults...
by staythecourse
Mon Sep 11, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: ownership of "small cap value" stocks
Replies: 50
Views: 3107

Re: ownership of "small cap value" stocks

I don't believe the decline is really as little as 30%; consider what's happened in the much-touted collateralized commodity funds and ETFs since they were created and publicized around 2006. Nisi, You are know enough to know that CCF have no PREMIUM that can not be diversified away. So there is no...
by staythecourse
Mon Sep 11, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: ownership of "small cap value" stocks
Replies: 50
Views: 3107

Re: ownership of "small cap value" stocks

My two cents on factors/tilts: If the outperformance is not persistent, you should just own TSM. If the outperformance is persistent, it is because of risk. If that's the case, you would add risk to your portfolio by tilting. If you are okay with adding risk to your portfolio, you could alternative...
by staythecourse
Sun Sep 10, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: Excess Payment to Doctor, Surgery Center
Replies: 15
Views: 1461

Re: Excess Payment to Doctor, Surgery Center

Dr. Staythecourse,, It is easier said than done. Sometimes, there is only one such facility in your area and very few patients are willing or able to drive for hours to a facility in another town. I have a lot of respect for medical professionals, but the whole healthcare system definitely has a pr...
by staythecourse
Sun Sep 10, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: Excess Payment to Doctor, Surgery Center
Replies: 15
Views: 1461

Re: Excess Payment to Doctor, Surgery Center

Just call each of them and talk to the person who handles billing and they should get you your refund. Just reminder the doctor's office is a different entity then the surgery center so different phone calls are needed. Calling could be a major problem. Some facilities here contract out their billi...
by staythecourse
Sun Sep 10, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: Yes Virginia, you can lose money in bonds
Replies: 36
Views: 4508

Re: Yes Virginia, you can lose money in bonds

No steal or not to steal the thread I would love to hear from those more intelligent then I what long term difference will be on this matter since we have only been off the gold standard since early 70's. Now that we are a fiat currency and not back by anything couldn't the government regularly drop...
by staythecourse
Sun Sep 10, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: REIT vs Bonds as a hedge against Stocks
Replies: 11
Views: 1206

Re: REIT vs Bonds as a hedge against Stocks

alex_686 wrote:
Sat Sep 09, 2017 7:14 pm
What do you mean by "Hedge"?
Reading articles in past "hedge" is usually in reference to an asset that goes up when another asset goes down (in this case stocks). A "diversifier" on the other hand is usually in reference to an asset that moves differently then another asset.

Good luck.
by staythecourse
Sun Sep 10, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: REIT vs Bonds as a hedge against Stocks
Replies: 11
Views: 1206

Re: REIT vs Bonds as a hedge against Stocks

Hi, What do the bogleheads think of REIT and Bonds as a hedge against stocks? REITs failed in 2008 Everything but Total Bond failed during the financial crisis! That is not true. Treasuries off all durations went up, gold went up, CD's went up,and bank accounts went up, prepaying your mortgage went...
by staythecourse
Sun Sep 10, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2082

Re: Thinking about accepting new job that pays a bit less

Taking the cut to improve quality of life, health, reduced travel and more family time seems like a no brainer to me. You will have to cut some things out of your spending including probably your retirement savings. However, you are in great shape for someone your age with your savings and can affo...
by staythecourse
Sun Sep 10, 2017 7:53 am
Forum: Personal Consumer Issues
Topic: Excess Payment to Doctor, Surgery Center
Replies: 15
Views: 1461

Re: Excess Payment to Doctor, Surgery Center

I recently had a procedure done for which the doctor's office and the surgery center required an upfront payment for the co-insurance and deductible. The insurance covered the most part but when I look at the EOBs, it looks like I overpaid both the doctor's office and the surgery center. Wondering ...
by staythecourse
Sat Sep 09, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 5937

Re: Luxury car: perception vs reality

My opinion, it goes both ways and everything in between. You will find folks who can't afford it who do. Rich who can, but still buy more expensive then they can afford. Rich who can who buy less expensive cars then they could have otherwise. Rich who choose not to. Poor who choose not to. Poor who...
by staythecourse
Sat Sep 09, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: New home: 30% increase in construction supplies due to hurricane -- [frustrated]
Replies: 10
Views: 1644

Re: New home: 30% increase in construction supplies due to hurricane -- [frustrated]

It seems most would need to re-qualify with the lender and up the loan amount, etc. etc. Additionally, the home won't appraise for 30% more just because the materials are higher. I would take heed of this VERY seriously. The issue is not "that sucks I have to pay 30% more", but you will have a hous...
by staythecourse
Sat Sep 09, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Best book for planning your retirement?
Replies: 19
Views: 2568

Re: Best book for planning your retirement?

Please correct me Petro, but believe you have an impressive networth. If so, does anyone have retirement books geared to those with 5+ million. There are some separate issues mainly tax smart planning. Stuff like Roth conversions prior to collecting SS, how to minimize RMD, estate planning, etc..? G...
by staythecourse
Sat Sep 09, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 5937

Re: Luxury car: perception vs reality

Not to steal the thread, but my wife actually wonders how so many random folks can afford a louis vuitton handbag. It is a high end bag yet EVERYBODY seems to have one. How is that possible? Good luck. Most are fakes. That is what we thought. Surprised there isn't a better secondary market for gent...
by staythecourse
Sat Sep 09, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 5937

Re: Luxury car: perception vs reality

My opinion, it goes both ways and everything in between. You will find folks who can't afford it who do. Rich who can, but still buy more expensive then they can afford. Rich who can who buy less expensive cars then they could have otherwise. Rich who choose not to. Poor who choose not to. Poor who...
by staythecourse
Sat Sep 09, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 5937

Re: Luxury car: perception vs reality

My opinion, it goes both ways and everything in between. You will find folks who can't afford it who do. Rich who can, but still buy more expensive then they can afford. Rich who can who buy less expensive cars then they could have otherwise. Rich who choose not to. Poor who choose not to. Poor who ...
by staythecourse
Fri Sep 08, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: "The Market" Portfolio
Replies: 26
Views: 2862

Re: "The Market" Portfolio

Mr. Ferri in his previous edition of "AAAA" has a pie chart of the breakdown of where all the money is on the first page. I remember if one is: 1/4 in US TSM, TISM, US bonds, and international bonds that will likely get you close and the easiest way to handle the portfolio going forward.

Good luck.
by staythecourse
Fri Sep 08, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: 64 need health insurence for 4 months
Replies: 11
Views: 833

Re: 64 need health insurence for 4 months

On Dec. 1 I will lose heath insurance coverage. Need coverage until April 1 then have Medicare. The cheapest so far is $600 a month. Live in Oregon. Any Ideals? Sounds pretty cheap! Maybe get yourself a travel health insurance plan and go to Europe for 4 months? That is an interesting idea. Has any...
by staythecourse
Fri Sep 08, 2017 1:57 pm
Forum: Investing - Theory, News & General
Topic: Irrational fears?
Replies: 23
Views: 1662

Re: Irrational fears?

Great I wasn't worried about either until you mentioned it. Now I have another set of anxieties to add to my ever growing list. :D

Good luck.
by staythecourse
Fri Sep 08, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Opening a medical office...Can it still be done?
Replies: 29
Views: 5346

Re: Opening a medical office...Can it still be done?

Open your own practice if you are entrepreneurial and just want to have your own thing, even if you make less per hour. This is a great point. Being one's boss and having their own business has NOTHING to do with just making more money. It is about wanting a certain life/ lifestyle that can only be...
by staythecourse
Thu Sep 07, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: NYT > Under ‘Observation,’ Some Hospital Patients Face Big Bills
Replies: 23
Views: 2657

Re: NYT > Under ‘Observation,’ Some Hospital Patients Face Big Bills

All I can say is a little knowledge is a dangerous thing as Alexander Pope once said. In this thread there has been ONE poster to even mention the "2 midnight rule". There is no point on having a meaningful dialogue about the situation without the proper understanding of what is "observation" vs. "a...
by staythecourse
Thu Sep 07, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 37
Views: 4993

Re: "Fear of Finance?" AARP interview with Jack Bogle

Jack Otter: "You organized Vanguard to be owned by shareholders, rather than publicly traded or privately owned. Someone estimated you'd be worth $28 billion if you'd gone that route. Where has the $28 billion gone?" Jack Bogle: "Into the pockets of our shareholders." Being a "shareholder" I love t...
by staythecourse
Thu Sep 07, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Don't know where to start at all
Replies: 21
Views: 1675

Re: Don't know where to start at all

To be honest, the best place to start is by getting a good education and higher paying jobs. Trying to make it on 2 servers salary AND add children in the future is not a recipe for financial success. If I were you I would drop any books about investing and start planning on improving your education...
by staythecourse
Thu Sep 07, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Opening a medical office...Can it still be done?
Replies: 29
Views: 5346

Re: Opening a medical office...Can it still be done?

Re-read the original post. Opening a medical practice is pretty easy. I believe another poster linked a blog recently on the "how to" of the process of starting the practice. The big questions I have are more in the realm of timing... Does your spouse work? How are your current and soon to be liabil...
by staythecourse
Thu Sep 07, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Handling a family loan left unpaid at death
Replies: 5
Views: 1459

Re: Handling a family loan left unpaid at death

What does the estate lawyer say? I am assuming with a near 5 million dollar estate there would be a lawyer involved to execute the will, no?

Good luck.
by staythecourse
Wed Sep 06, 2017 4:09 pm
Forum: Investing - Theory, News & General
Topic: "36 Obvious Investment Truths"
Replies: 18
Views: 2575

Re: "36 Obvious Investment Truths"

The best are his first several as a means to articulate what EVERY investor should know about the stats of investing. Risk and return at the same. They are just two sides of the same coin named volatility. If number is "+" it is return and when it is "-" it is loss. The same volatility that gives on...
by staythecourse
Wed Sep 06, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: "36 Obvious Investment Truths"
Replies: 18
Views: 2575

Re: "36 Obvious Investment Truths"

ResearchMed wrote:
Wed Sep 06, 2017 1:43 pm
My favorite:

"20. Proper diversification means always having to say you’re sorry about part of your portfolio.

RM
Similar to what Roger GIbson says in "Asset Allocation". Paraphrasing, being diversified means always being unhappy. Every year you will have something that is down.

Good luck.
by staythecourse
Wed Sep 06, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5555

Re: Wife believes 7+% returns from stock market are guaranteed

Is there some guarantee of 7%+ in stocks? Of course not, otherwise who would invest in anything else? Now is the probability of investing in TSM going to outperform a mortgage at 4% over a 30 year period? Most likely the answer is yes. There is an opportunity cost to paying off ANY low interest rate...
by staythecourse
Tue Sep 05, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: 87-year old dad is interested in reverse mortgage
Replies: 13
Views: 1931

Re: 87-year old dad is interested in reverse mortgage

Kudos to him for having the mentality and trust to contact you before making this serious decision.

I'll be happy if I'm that clear headed when I'm in my late 80's (if I'm even alive that long).

Good luck.
by staythecourse
Tue Sep 05, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Resource for those wanting to start your own medical practice
Replies: 1
Views: 239

Re: Resource for those wanting to start your own medical practice

Thanks for the addition. I started my own solo practice about 3 years ago and it is much easier then most folks think. I would encourage others to consider it if they have any inkling of wanting true independence. I tell young docs who ask that docs seem to overvalue $$ signs and undervalue independ...
by staythecourse
Tue Sep 05, 2017 5:54 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 254
Views: 20662

Re: Name something you had to have and now you regret purchasing it?

Life insurance. Interesting. This may be the ONE thing that I don't mind not using. If I did that would mean I'm dead and that is A LOT worse then losing x amount of money on the yearly premium. Also, don't mind not using my umbrella policy or my home owners insurance policy or my auto policy or my...
by staythecourse
Tue Sep 05, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Perspective - Stretch Budget to Move to Large, Private Lot?
Replies: 13
Views: 1342

Re: Perspective - Stretch Budget to Move to Large, Private Lot?

To me too many unanswered questions to even come up with an answer. For example... What are the recent sales comps in your area last 3 months to see what profit or loss will be after paying transaction costs and bank their cut (mortgage)? What would be the monthly housing costs for the new property ...