Search found 79 matches

by lernd
Tue Jan 28, 2020 8:00 am
Forum: Personal Consumer Issues
Topic: Toy overload alternatives for grandparents
Replies: 104
Views: 5586

Re: Toy overload alternatives for grandparents

Spend money on:

*experiences - tickets to local children's museum or other kids' events (disney on ice or whatever).
*books - they don't take up a lot of space and have more benefit than another random toy that won't be used (and whose parts will be lost)
by lernd
Mon Jan 20, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 16951

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

I am sorry to say this, but I think it should be mentioned (please don't take this the wrong way): Have you considered mental illness? From what I read, there are delusions of grandeur (ability to charge $1,000/hr because of being some highly specialized expert, but cannot afford rent?), paranoia/pe...
by lernd
Sun Jan 12, 2020 8:40 am
Forum: Personal Consumer Issues
Topic: Cancelling surgery last minute?
Replies: 17
Views: 2106

Re: Cancelling surgery last minute?

Can you find a good Emergency Room that includes ophthalmologists (even if on call to come in)? (s there any Eye/Ear type of hospital/clinic nearby? It might be useful ASAP (e.g., early in the morning) to get a second opinion about a) CAN THIS WAIT? and also b) choice of surgeon. Good luck! RM The ...
by lernd
Wed Nov 20, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: DSLRs: canon 5d IV vs ?
Replies: 88
Views: 4322

Re: DSLRs: canon 5d IV vs ?

serious amateur here. Love the 6D, bought it when it first came out (there is now a second generation that came out in the last year or two - 6D Mark II). Some thoughts: 1. Full frame cameras (6D and 5D models) are far superior to those with a cropped sensor (the 60D - APS sensor). Either model will...
by lernd
Sat Nov 16, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 109
Views: 10961

Re: Equal Inheritance for Children

Can I place a fair comparative value on the $345,000 given to Child A during a 23-year period? You can...but it might not be viewed as comparative or fair by the two children. The only way to give "equal" inheritance is to split the dollar value ($15,000 or whatever total you can give) directly in ...
by lernd
Sat Nov 09, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3890

Re: Tale of 2 doctor job opportunities

MD here. Hospital-based field. I've worked as IC (briefly), hospital employee model and private group model. Without a doubt, the private group model (with partnership) is the best - both for compensation and autonomy. With the private group model (as a partner) you have a more direct say in the day...
by lernd
Tue Sep 17, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: "End of Life" Issues
Replies: 30
Views: 3438

Re: "End of Life" Issues

Possibly slightly off topic, but the book "Being Mortal" (By Atul Gawande) is a fantastic read with direct applicability to the tough questions. I think families, across generations, should read it as as starting point for discussions about end of life.
by lernd
Mon Jun 10, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1699

Re: How to get good at a racket sport without coaching?

Long time tennis player here... Playing players not quite as good as you is a recipe for not improving. Weaker players will not take you out of your comfort zone enough to improve in areas such as tactics/shot selection, and will not give you enough challenging shots to help you gain comfort handlin...
by lernd
Thu May 09, 2019 11:29 am
Forum: Personal Investments
Topic: Hedge against the decline of the Realtor profession
Replies: 48
Views: 4644

Re: Hedge against the decline of the Realtor profession

Off the top of my head, pulling directly from your travel agent -> Expedia example:

Redfin*



*not recommending it, just using it as a direct analogy
by lernd
Wed Mar 27, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: Bogleheads, do you have (unwise financially) friends? And how do you deal with them?
Replies: 76
Views: 4536

Re: Bogleheads, do you have (unwise financially) friends? And how do you deal with them?

Or "You are just lucky while I am just unlucky" referring to why I am doing well financially while he is screwed up, and so on! I'd question the true nature of a "friendship" where such direct comparisons (financial or otherwise) between one another are made. Maybe more of a frenemy than a true fri...
by lernd
Wed Mar 20, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: AC went kaput, Sketchy quotes. Time to think Geothermal?
Replies: 19
Views: 2432

Re: AC went kaput, Sketchy quotes. Time to think Geothermal?

We did geothermal a few years ago for new construction. Geothermal provides both heat and A/C for us and has been one of the best decisions we made with our house. Cost (again, of new system so starting from scratch) was about the same as if we had done central air AND oil heat. That was before tax ...
by lernd
Sat Feb 16, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Drone photography as a side hustle
Replies: 16
Views: 1257

Re: Drone photography as a side hustle

I don’t know how you could make any money at $130/shoot. The cost is not your drone, but rather your time. You need to find clients. Compete for their business. Possibly visit the site to give an estimate. Go and do the shoot. Do at least basic handling and distribution of the files. Handle billing...
by lernd
Sun Feb 03, 2019 5:04 am
Forum: Personal Finance (Not Investing)
Topic: Age discrimination in the medical professions as one gets older?
Replies: 40
Views: 3999

Re: Age discrimination in the medical professions as one gets older?

somewhat tangentially related: "When is a surgeon too old to operate?" https://www.nytimes.com/2019/02/01/health/surgeons-retirement-competence.html?action=click&module=Discovery&pgtype=Homepage Many medical fields are both physically and mentally demanding. While overt age discrimination may not be...
by lernd
Thu Jan 03, 2019 3:57 pm
Forum: Personal Consumer Issues
Topic: Canon 100-400 zoom lens
Replies: 29
Views: 1282

Re: Canon 100-400 zoom lens

I have a 24-70 II and a 50mm and I have been itching to find an excuse to pick up the 100-400 zoom lens. I shoot as a hobby with a 5DIV and wanted to hear how nice the addition of a zoom lens of this caliber was as an addition to ones arsenal. As far as missing out on shots, I know I have missed ou...
by lernd
Mon Nov 19, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Beware the commission salesperson
Replies: 19
Views: 2105

Re: Beware the commission salesperson

I think this emphasizes the importance of educating oneself on any product (including insurance, investing etc.) before buying.
by lernd
Thu Nov 15, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Why I plan on buying a life annuity - even if it is a stupid idea
Replies: 117
Views: 11574

Re: Why I plan on buying a life annuity - even if it is a stupid idea

Would a trust offer similar financial protections without relinquishing the capital to an annuity? Assuming an honest trustee, the trust could disperse assets to the beneficiary on a predetermined basis without allowing the beneficiary (with diminishing mental capacity) access to the trust and its a...
by lernd
Thu Nov 08, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: HIPAA Information available to out of town ER or not?
Replies: 19
Views: 1070

Re: HIPPA Information available to out of town ER or not?

As an emergency physician, I highly recommend signing this document. What I think the office is asking you for is prior authorization to release information if a future request is made (by an outside ER or somewhere else). This prior authorization is potentially beneficial to you because if you are ...
by lernd
Sun Sep 16, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Parallels between investing and fantasy football?
Replies: 14
Views: 1000

Re: Parallels between investing and fantasy football?

Prior performance doesn't necessarily indicate future "returns" (performance).
by lernd
Mon Jul 16, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 11641

Re: Why own a bed?

would this belong in this thread: viewtopic.php?t=253830

or does it answer that question?

Serious answer: a mattress on a floor is hard to vacuum around, dust can collect adjacent to it.
by lernd
Mon Jan 01, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 110
Views: 10498

Re: Individual Stocks That Went Bust

Don't know if someone else already mentioned (or cited the article) but World Com and Tyco come to mind...

The Biggest Stock Scams of All Time:

https://www.investopedia.com/articles/00/100900.asp
by lernd
Sun Dec 24, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: Using lumens to buy light fixtures
Replies: 26
Views: 2569

Re: Using lumens to buy light fixtures

It depends how the lumens are distributed (spot light vs wide angle of light). It's the same amount of brightness, but how the brightness is spread matters too.
by lernd
Wed Oct 25, 2017 8:36 am
Forum: Investing - Theory, News & General
Topic: Why A NFL Football Player Drives A 26 Year Old Car
Replies: 10
Views: 2768

Re: Why A NFL Football Player Drives A 26 Year Old Car

He's smart for a couple reasons. First, he's not deluded into thinking some of those bonuses (leading the league in rushing?) will likely be earned - he's not counting his money before he's earned it. Second, he realizes that the average career length in the NFL is only a few years. That 5.5 million...
by lernd
Sat Oct 21, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 9525

Re: Paying for medical school for son?

I have no experience with medical school debt, so this might be inapplicable: my son reports that the kids with significant student debt had far less freedom and far more stress in selecting between job offers and graduate schools than their less encumbered classmates. I firmly believe that student...
by lernd
Sat Oct 21, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 9525

Re: Paying for medical school for son?

I have a son who will most likely be starting medical school in 2 years. I am starting to think about the best way to handle this financially. My wife and I are in a position to be able to pay for his expenses out of normal earned income and helping him would not impact our retirement financially i...
by lernd
Sun Oct 01, 2017 1:50 pm
Forum: Personal Consumer Issues
Topic: Favorite Camera - Recommendations, Photos, and Pictures of Your Gear?
Replies: 65
Views: 5816

Re: Photography gear and what you use it for?

First Real Camera of distinction. First DSLR was a Rebel XS - now probably 10+ years old. Still play with it from time to time. Camera gear now? Canon 6d Lenses? Canon 24-105L f/4 Canon 85 F/1.8 Canon 40 F/2.8 Tamron 150-600 F/4-5.6 (*Very disappointed by this lens, kind of wish I had bought Canon 4...
by lernd
Fri Sep 29, 2017 9:36 am
Forum: Personal Consumer Issues
Topic: Should I get a New Macbook Pro?
Replies: 47
Views: 5480

Re: Should I get a New Mac or Macbookpro?

Do you use Time Machine (mac app)? If so, if you backup your hard drive with an external drive via Time Machine, when you get a new Mac, you can re-install everything onto the new computer - you don't need to remember any passwords if you've saved them on Keychain.
by lernd
Mon Sep 25, 2017 6:40 am
Forum: Personal Investments
Topic: Med Student about to enter workforce
Replies: 3
Views: 570

Re: Med Student about to enter workforce

check out (if you haven't already): www.whitecoatinvestor.com

great resource tilted to those in the medical community...
by lernd
Fri Sep 22, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Understanding an HSA - help
Replies: 9
Views: 1374

Re: Understanding an HSA - help

So my health insurance through my current employer does not qualify for an HSA. Can I still contribute to my existing HSA without the tax deduction or are all contributions forbidden? Thanks!
by lernd
Sat Aug 12, 2017 7:10 am
Forum: Personal Investments
Topic: Individual stocks for fun
Replies: 24
Views: 3028

Re: Individual stocks for fun

I dabble in small-cap/micro-cap biotech stocks. It's in my field and Phase 2b and 3 trials are usually published in journals that I can easily access. I look for companies in late stage drug trials that I believe have a chance of success, or companies with drugs pending FDA approval that I think are...
by lernd
Tue Jul 25, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Characteristics of Physicians
Replies: 24
Views: 3035

Re: Financial Characteristics of Physicians

I heard or read somewhere (in a medical context) - "never mistake confidence for competence." I like the quote and remember it daily in my own medical practice. Looking at the methodology, I would note that the results are self-reported surveys and consist of ~2,300 responses from an initial email t...
by lernd
Sun Jul 23, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (dual physician household)
Replies: 45
Views: 7573

Re: How am I doing? (dual physician household)

Personal assets look more than fine. Here's what you could be doing better: more charitable contributions.
by lernd
Sun Jun 18, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Child Gift/Investment question
Replies: 2
Views: 414

Child Gift/Investment question

My uncle (who has no children), recently gave money to each of my small children to be used for their future educations. It is a generous gift based on his fixed income (I have little knowledge of his finances), though a small amount (currently about 5%) relative to my childrens' current 529 balance...
by lernd
Tue Jun 06, 2017 9:05 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 13414

Re: Suit for residency interviews

I've heard to wear navy or charcoal. All of the different brands/options are more overwhelming than studying for boards. It's the biggest interview of my life, where do you guys recommend I get a suit? I'm thinking Dillards/Nordstrom/J Crew/etc....preferring in the $500 range. Make sure the suit (a...
by lernd
Sun Jun 04, 2017 8:14 am
Forum: Investing - Theory, News & General
Topic: What is the best way to invest for cash flow?
Replies: 18
Views: 2988

Re: What is the best way to invest for cash flow?

Bond mutual funds usually pay a monthly dividend that could be directly deposited into a bank account. Municipal funds can provide can provide tax free income in a given state.

I'm not saying Bond funds are the best way to invest for cash flow, but they are one way to invest for cash flow...
by lernd
Fri May 26, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT ETF ER increased?!?
Replies: 13
Views: 2570

Re: Vanguard REIT ETF ER increased?!?

The OP probably saw a yellow banner across the top of his/her account that said the fund expense has increased from .10 to .12. That's what I saw earlier this week. That's exactly what happened. And I had to do a double-take because usually when that banner appears, it's because the ER is being low...
by lernd
Fri May 26, 2017 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT ETF ER increased?!?
Replies: 13
Views: 2570

Vanguard REIT ETF ER increased?!?

VNQ's ER went up from 0.1% to 0.12%. Come on Vanguard, that's bucking your usual (and awesome) trend! :oops:
by lernd
Tue Apr 11, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Viewing Northern Lights (the full colors)
Replies: 17
Views: 2377

Re: Viewing Northern Lights (the full colors)

As a photohobbyist and someone who went to Iceland a few years ago to see the northern lights, I have the following observations: 3. To the naked eye, there is still plenty of color - I remember greens, red/orange waves. I wouldn't worry too much about not seeing "enough" with the naked eye. Not ne...
by lernd
Tue Apr 11, 2017 9:01 am
Forum: Personal Consumer Issues
Topic: Viewing Northern Lights (the full colors)
Replies: 17
Views: 2377

Re: Viewing Northern Lights (the full colors)

As a photohobbyist and someone who went to Iceland a few years ago to see the northern lights, I have the following observations: 1. You do not want to be looking through your camera, making camera adjustments etc with the northern lights in full effect. Any picture you capture cannot do justice to ...
by lernd
Mon Apr 03, 2017 7:48 am
Forum: Personal Consumer Issues
Topic: Screwed over by the airlines...
Replies: 42
Views: 6571

Re: Screwed over by the airlines...

Do you really want to fly on an airline that skimps on security, ignores weather, and takes risks with mechanical problems? Decisions regarding which flights to cancel are often not security-related....they are often related to the airline's bottom line. Haven't you noticed that sometimes an airlin...
by lernd
Fri Mar 31, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: The order of personal financial sources to pay for kid's college?
Replies: 11
Views: 1319

Re: The order of personal financial sources to pay for kid's college?

You can use any or all of it except No. 5. Keep contributing to 457 as you can not recover that space. Rest is up to you. I would use regular accounts first and even I-bonds ahead of Taxable Mutual fund accounts but it will not make a big difference. I am guessing mutual fund account has gained a l...
by lernd
Wed Mar 15, 2017 7:45 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 13218

Re: $464.12 dinner bill last night. No regrets.

Congrats! And a wonderful story.
by lernd
Fri Mar 03, 2017 9:39 am
Forum: Personal Investments
Topic: Ever dip your feet into individual stocks?
Replies: 63
Views: 5718

Re: Ever dip your feet into individual stocks?

Agree with others who have said they use their "play" money. I have about 1% of total investments in individual stocks, total of about 5 different companies. I have invested in micro/small-cap companies in a field related to my work because it is my belief (correctly or incorrectly) that my speciali...
by lernd
Mon Feb 27, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Understanding an HSA - help
Replies: 9
Views: 1374

Understanding an HSA - help

I have (what may be a silly) question regarding HSAs and High Deductible Health Plans (HDHP): Through a previous employer, an HSA was set up for me as I had a HDHP with that employer. I made annual contributions to the HSA. I have since moved on to another job, but kept that HSA (without making any ...
by lernd
Sun Feb 05, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total Stock Index is not TOTAL?
Replies: 19
Views: 2594

Re: Vanguard Total Stock Index is not TOTAL?

CRSP says the index comprises "nearly 100%" of the market, which isn't very precise. It also says that as of 12/30/2016, the total market cap of the index was $23,417,755 million and that the smallest company in the index had a market cap of $3 million (!). (For comparison, the weighted average cap...
by lernd
Sun Feb 05, 2017 8:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total Stock Index is not TOTAL?
Replies: 19
Views: 2594

Vanguard Total Stock Index is not TOTAL?

I was curious and doing a bit of poking around, from what I can see, there are > 5,000 companies listed on US stock exchanges (the number seems to vary a bit based on the source, and obviously the number changes). In comparison, VTSMX only has about 3500 holdings. 1. are the 1500 or so companies not...
by lernd
Fri Jan 20, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Easy Ways to Save a Little Money (Like Churning)
Replies: 21
Views: 4527

Re: Easy Ways to Save a Little Money (Like Churning)

The word "churning" I think implies it all - the cash back "rewards" are designed to encourage spending.

Another poster said it best that less spending is the best way to save...
by lernd
Thu Jan 12, 2017 1:21 pm
Forum: Personal Consumer Issues
Topic: Home heating options
Replies: 63
Views: 4727

Re: Home heating options

Don't know if it has been said already, but if it is possible, look into geothermal (it will require well drilling on your property). My wife and I did it for our home (new construction) and it is fantastic. It provides both heating/cooling. Older geothermal systems often times needed a "supplementa...
by lernd
Wed Dec 28, 2016 1:07 pm
Forum: Personal Investments
Topic: Minor's inheritance - UGMA? UGMT?
Replies: 6
Views: 641

Re: Minor's inheritance - UGMA? UGMT?

They are 1 and 3 - so looking at about 20 years of growth (without anymore "planned" contributions). with the UGM accounts, they assume control of it at the age of 18 right? Can the account or trust be structured to postpone that until say 25?
by lernd
Wed Dec 28, 2016 12:49 pm
Forum: Personal Investments
Topic: Minor's inheritance - UGMA? UGMT?
Replies: 6
Views: 641

Minor's inheritance - UGMA? UGMT?

My wife's grandfather passed away recently. In his will, he left a small amount of money to each of his great-grandchildren. It's approximately $3,000 for each of our two children (among many great grandchildren). Anyway, my wife and I are trying to figure out what to do once the money is disbursed ...
by lernd
Mon Dec 26, 2016 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Massachusetts 529 plan
Replies: 10
Views: 1726

Re: Massachusetts 529 plan

Effective January 1, 2017 through the 2021 tax year, contributions to Massachusetts 529 plans of up to $1,000 per year by an individual, and up to $2,000 per year by a married couple filing jointly, are deductible in computing Massachusetts taxable income. The deduction doesn't sound like it's per ...