Search found 207 matches

by Jimsad
Sat Jan 11, 2020 11:43 am
Forum: Personal Investments
Topic: Networth- in diversified assets vs mainly in investment portfolio
Replies: 18
Views: 1040

Re: Networth- in diversified assets vs mainly in investment portfolio

My real estate breakdown -
Home- 18% net worth
Commercial building where I have my business (I am the landlord as well as tenant )- 15% net worth
Piece of land - 8%
Residential rentals - 10%

Just thought I would clarify my holdings further
by Jimsad
Sat Jan 11, 2020 10:44 am
Forum: Personal Investments
Topic: Networth- in diversified assets vs mainly in investment portfolio
Replies: 18
Views: 1040

Re: Networth- in diversified assets vs mainly in investment portfolio

So , should the real estate equity be considered bond equivalent ? NO WAY! I struggled with this for a long time and came to the conclusion that you CANNOT consider your RE Equity like a bond equivalent. For one, RE equity is NOT liquid and cannot be counted on like (high quality) bonds to be balla...
by Jimsad
Sat Jan 11, 2020 10:23 am
Forum: Personal Investments
Topic: Networth- in diversified assets vs mainly in investment portfolio
Replies: 18
Views: 1040

Re: Networth- in diversified assets vs mainly in investment portfolio

So , should the real estate equity be considered bond equivalent ? NO WAY! I struggled with this for a long time and came to the conclusion that you CANNOT consider your RE Equity like a bond equivalent. For one, RE equity is NOT liquid and cannot be counted on like (high quality) bonds to be balla...
by Jimsad
Sat Jan 11, 2020 8:58 am
Forum: Personal Investments
Topic: Networth- in diversified assets vs mainly in investment portfolio
Replies: 18
Views: 1040

Re: Networth- in diversified assets vs mainly in investment portfolio

I have a piece of land and I need to decide whether to try to build something on it for leasing which will further increase my real estate and incur expenses for developing it or just sell it .
by Jimsad
Sat Jan 11, 2020 8:55 am
Forum: Personal Investments
Topic: Networth- in diversified assets vs mainly in investment portfolio
Replies: 18
Views: 1040

Re: Networth- in diversified assets vs mainly in investment portfolio

You will get as many opinions on this as there are bogleheads. My personal one is that, through personal experience of owning non-tradeable assets, I have come to strongly value the liquidity in stocks and bonds. My concern with investments is , it feels great when they are doing well but when ther...
by Jimsad
Sat Jan 11, 2020 7:54 am
Forum: Personal Investments
Topic: Networth- in diversified assets vs mainly in investment portfolio
Replies: 18
Views: 1040

Re: Networth- in diversified assets vs mainly in investment portfolio

I view my net worth as a stool with legs. I want to be sure the stool can always be sat upon without falling down. If your stool only has 2 legs such as stocks and bonds and one of those tanks you are screwed. So for the OP case he has a real estate allocation of 50 percent and stocks and bonds / c...
by Jimsad
Sat Jan 11, 2020 7:32 am
Forum: Personal Investments
Topic: Networth- in diversified assets vs mainly in investment portfolio
Replies: 18
Views: 1040

Re: Networth- in diversified assets vs mainly in investment portfolio

You will get as many opinions on this as there are bogleheads. My personal one is that, through personal experience of owning non-tradeable assets, I have come to strongly value the liquidity in stocks and bonds. My concern with investments is , it feels great when they are doing well but when ther...
by Jimsad
Sat Jan 11, 2020 5:44 am
Forum: Personal Investments
Topic: Networth- in diversified assets vs mainly in investment portfolio
Replies: 18
Views: 1040

Networth- in diversified assets vs mainly in investment portfolio

Currently my networth is about 50% in real estate (home plus commercial building where I conduct my business plus 2 small rental properties ) and 50% in investment portfolio . I am trying to decide whether it is better to contribute more in future towards my investment portfolio vs accquiring more r...
by Jimsad
Tue Jan 07, 2020 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1412
Views: 366201

Re: Share your net worth progression

Year | Age | Net Worth ---------------------- 2015 | 31 | $ (568,422.16) 2016 | 32 | $ (268,112.23) 2017 | 33 | $ (58,655.76) 2018 | 34 | $ 366,842.25 2019 | 35 | $ 817,855.58 2020 | 36 | $ 1,239,722.74 Graduated medical school in 2010, residency in 2015 with >$550k student loans. Aggressively paid...
by Jimsad
Sat Dec 07, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do Roth conversions
Replies: 26
Views: 1357

Re: Should I do Roth conversions

I feel comfortable contributing new money into my 401k at ratio of 75% pretax 401k and 25% Roth 401k . But am not so sure about doing Roth conversions on my existing pre tax 401k balances . I have another atleast 10-15 years before i need to start withdrawing from the pretax 401 k accounts. I am Pre...
by Jimsad
Sat Dec 07, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Should I do Roth conversions
Replies: 26
Views: 1357

Re: Should I do Roth conversions

My tax deferred portfolio is much bigger than the Roth portion . I would like to contribute more to Roth but am concerned Roth accounts may be taxed in future . What should I do? Extremely unlikely that Roth accounts will be taxed. More likely that Roth IRA’s will have RMD’s like Roth 401k’s I was ...
by Jimsad
Sat Dec 07, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Should I do Roth conversions
Replies: 26
Views: 1357

Re: Should I do Roth conversions

Isn’t it true that social security payments were not taxed initially but later were taxed ?
Same thing may happen here
by Jimsad
Sat Dec 07, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Should I do Roth conversions
Replies: 26
Views: 1357

Should I do Roth conversions

My tax deferred portfolio is much bigger than the Roth portion .
I would like to contribute more to Roth but am concerned Roth accounts may be taxed in future .
What should I do?
by Jimsad
Thu Nov 21, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Best dental insurance plans
Replies: 6
Views: 920

Re: Best dental insurance plans

Unless your getting it subsidized through employer or its included with a medicare advantage plan etc., I don't think it's worth it to buy one. I'm going to self insure my dental and vision next year. Think about it. The company's that offer them are in it to make money. With health insurance, hous...
by Jimsad
Thu Nov 21, 2019 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Best dental insurance plans
Replies: 6
Views: 920

Best dental insurance plans

Hi. We have united Concordia plan now but have not been happy with their coverage and also not many practices ‘in network’ as they apparently do not pay dentists well. We plan to switch . Can you offer suggestions about which would be best plans to switch to ? We have Federal Blue cross for main Hea...
by Jimsad
Sat Nov 16, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 90
Views: 11253

Re: Disturbing experience with Ally Bank

Disk jockey , I feel your pain . I had similar very bad experience with Ally even though it seems to have a lot of support on this forum which I do not understand . They locked my account and did not give me access to my funds for more than 2 weeks . Any how , I voted with my feet and opened account...
by Jimsad
Sun Oct 27, 2019 11:38 am
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 229
Views: 29195

Re: I’m done with index funds

Not sure I fully understand .I thought you could do tax loss harvesting being in index funds too ?
by Jimsad
Mon Oct 21, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6440

Re: Can you claim financial independence with kids still in school

Of course, you can. One of my pre-FIRE goals was to have 6-figure 529 plans for each of our two sons. We met that goal, along with between 40x and 50x our anticipated annual spending in our own nest egg. I planted my FI flag firmly in the ground and walked away from work to enjoy the remaining 8 to...
by Jimsad
Sun Oct 20, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6440

Re: Can you claim financial independence with kids still in school

Oh boy, this is indeed an eye popping discussion. I used to think American way was all supposed to be about getting independence and living life your way. That meant when you are young working hard, earn and spend your own dime, getting yourself up by the bootstraps, and go where you wish to go. Ha...
by Jimsad
Sun Oct 20, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6440

Re: Can you claim financial independence with kids still in school

Working a few more years is likely 6 figures. What in earth could you think you should provide to an independent child that has that magnitude of cost? There are plenty of thing that could be expensive. Depending on how tight the FI budget is, they could easily derail plans. - education expenses - ...
by Jimsad
Sun Oct 20, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6440

Re: Can you claim financial independence with kids still in school

my DW reminds me that our kids are a long way from being settled in life and she feels it is our responsibility till the end to make sure they are settled in life and we cannot relax till then (another 10-12 years at least ). Super weird statement. There are a lot of stories about ppl who were doin...
by Jimsad
Sat Oct 19, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6440

Re: Can you claim financial independence with kids still in school

my DW reminds me that our kids are a long way from being settled in life and she feels it is our responsibility till the end to make sure they are settled in life and we cannot relax till then (another 10-12 years at least ). Super weird statement. There are a lot of stories about ppl who were doin...
by Jimsad
Sat Oct 19, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6440

Re: Can you claim financial independence with kids still in school

Hi . I would like to know how others feel about this . We are doing fairly well in terms of meeting our financial goals . We have kids still in school (middle and high). Whenever , I feel that may be we can ease up a little bit and cut down on the work , my DW reminds me that our kids are a long wa...
by Jimsad
Sat Oct 19, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6440

Can you claim financial independence with kids still in school

Hi . I would like to know how others feel about this . We are doing fairly well in terms of meeting our financial goals . We have kids still in school (middle and high). Whenever , I feel that may be we can ease up a little bit and cut down on the work , my DW reminds me that our kids are a long way...
by Jimsad
Thu Oct 17, 2019 6:15 pm
Forum: Personal Investments
Topic: 7-figure portfolio: 1-year review
Replies: 16
Views: 3624

Re: 7-figure portfolio: 1-year review

No specific comment on your portfolio. It's fine. However, the tough part now is to leave it alone. It's normal to want to "optimize" everything, especially when you've recently become a DIY'er. I found it was a better idea to "get right and sit tight". Rick Ferri has wise words about the evolution...
by Jimsad
Wed Oct 16, 2019 6:05 pm
Forum: Personal Investments
Topic: 7-figure portfolio: 1-year review
Replies: 16
Views: 3624

Re: 7-figure portfolio: 1-year review

I think you posted the same question in June this year and from what I remember , you have a very high net worth .
Congratulations on your success .
I think you got some excellent advise when you last posted and I believe it is still applicable
by Jimsad
Wed Oct 16, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6541

Re: Frustrated with dentist fees

It is just that other medical specialists , when they contract with insurance as ‘in network ‘ they benefit by getting more patients from that insurance company as they are ‘in Network’ In return , they agree to take the loss if insurance does not pay for a service . Before everybody jumps all over ...
by Jimsad
Wed Oct 16, 2019 5:07 pm
Forum: Personal Investments
Topic: 7-figure portfolio: 1-year review
Replies: 16
Views: 3624

Re: 7-figure portfolio: 1-year review

I agree very conservative for someone in late 40s , early 50s.
by Jimsad
Wed Oct 16, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6541

Re: Frustrated with dentist fees

Update- The office manager called and apologized and told me they are appealing the insurance denial and insurance may still pay as they are providing them more info and I can hold off on paying anything till they hear back from insurance . She did make me aware that the initial paperwork I signed i...
by Jimsad
Tue Oct 15, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6541

Re: Frustrated with dentist fees

You've literally started the exact same thread before on this website, the only thing different being the dollar amounts. Did you read the responses in your original thread? Did you read your dental insurance policy documents after the last "incident" and this new one? If I was the dentist, I'd cle...
by Jimsad
Tue Oct 15, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6541

Re: Frustrated with dentist fees

I think the main problem you encountered was the rude office personnel. If you like the dentist, please let him know that his employee did a dis-service to the patients. That rude staff member who threatened collection action would cause me to find a new dentist post-haste, while leaving behind an ...
by Jimsad
Tue Oct 15, 2019 5:47 am
Forum: Personal Finance (Not Investing)
Topic: VA vs. Private Practice.....need help
Replies: 15
Views: 2371

Re: VA vs. Private Practice.....need help

Any update ? What did you finally do ?
by Jimsad
Mon Oct 14, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6541

Re: Frustrated with dentist fees

I have very good insurance - United Concordia through blue cross federal . My dentist submitted charges to my insurance and the insurance denied part of the payment as they felt part of the services rendered were not necessary . The dentist office wants me to pay the fees about $150 which the insur...
by Jimsad
Mon Oct 14, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6541

Re: Frustrated with dentist fees

I have very good insurance - United Concordia through blue cross federal . My dentist submitted charges to my insurance and the insurance denied part of the payment as they felt part of the services rendered were not necessary . The dentist office wants me to pay the fees about $150 which the insur...
by Jimsad
Mon Oct 14, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6541

Re: Frustrated with dentist fees

It depends on the contract. If the contract says a participating dentist can only get what the insurance is paying, then that is the end of the payment; otherwise, you owe the amount. I did not understand why dentists do not follow same rules as other medical doctors . Are there any dentists who wi...
by Jimsad
Mon Oct 14, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6541

Re: Frustrated with dentist fees

It depends on the contract. If the contract says a participating dentist can only get what the insurance is paying, then that is the end of the payment; otherwise, you owe the amount. I did not understand why dentists do not follow same rules as other medical doctors . Are there any dentists who wi...
by Jimsad
Mon Oct 14, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6541

Frustrated with dentist fees

I posted in past on similar topic but still cannot understand and am frustrated . I have very good insurance - United Concordia through blue cross federal . My dentist submitted charges to my insurance and the insurance denied part of the payment as they felt part of the services rendered were not n...
by Jimsad
Mon Oct 14, 2019 5:19 am
Forum: Personal Investments
Topic: Breaking from federal service and going fee basis - retirement options?
Replies: 4
Views: 491

Re: Breaking from federal service and going fee basis - retirement options?

Yes. We need to know if this is a temporary or permanent break from Federal service
by Jimsad
Tue Oct 01, 2019 5:36 pm
Forum: Personal Investments
Topic: Munis in Taxable or Bonds in the 401K?
Replies: 41
Views: 3080

Re: Munis in Taxable or Bonds in the 401K?

Can anyone comment if there is a role for a total bond fund in taxable account?
by Jimsad
Mon Sep 16, 2019 5:39 pm
Forum: Personal Investments
Topic: Did I understand this correctly?
Replies: 8
Views: 1022

Re: Did I understand this correctly?

Thank you all for your replies .
I think I grasped 80% .
Will read the replies a few times more .
by Jimsad
Mon Sep 16, 2019 4:54 pm
Forum: Personal Investments
Topic: Did I understand this correctly?
Replies: 8
Views: 1022

Did I understand this correctly?

I just wanted to make sure I understood this concept correctly . ‘Total stock market funds gains are taxed at favorable capital gains rate only if they are in a Taxable account but they are taxed at ordinary income tax rate in a tax deferred account but total Bond fund Gains are taxed as ordinary in...
by Jimsad
Sat Sep 14, 2019 8:27 am
Forum: Personal Investments
Topic: How to get 10 year cumulative return on TSP account
Replies: 14
Views: 1227

Re: How to get 10 year cumulative return on TSP account

If vanguard does it , why not TSP?
They should make it as easy as possible for investors to look at their returns .
Not everybody has the time (non retired folks) and not everybody enjoys spread sheets and math calculations
by Jimsad
Sat Sep 14, 2019 8:24 am
Forum: Personal Investments
Topic: How to get 10 year cumulative return on TSP account
Replies: 14
Views: 1227

Re: How to get 10 year cumulative return on TSP account

https://www.tsp.gov/PDF/formspubs/oc05-16w.pdf This TSP publication shows you how to calculate multi-year cumulative return. Thanks for your reply . Looks complicated And I am not good at Math 🙁 But will give it a try with my high school kids help ! You don't need to be good at math. You just need ...
by Jimsad
Sat Sep 14, 2019 6:15 am
Forum: Personal Investments
Topic: How to get 10 year cumulative return on TSP account
Replies: 14
Views: 1227

Re: How to get 10 year cumulative return on TSP account

HueyLD wrote:
Fri Sep 13, 2019 9:39 pm
https://www.tsp.gov/PDF/formspubs/oc05-16w.pdf

This TSP publication shows you how to calculate multi-year cumulative return.
Thanks for your reply .
Looks complicated And I am not good at Math 🙁
But will give it a try with my high school kids help !
by Jimsad
Fri Sep 13, 2019 5:46 pm
Forum: Personal Investments
Topic: How to get 10 year cumulative return on TSP account
Replies: 14
Views: 1227

How to get 10 year cumulative return on TSP account

Hi .
On the TSP account , only one year performance return is reported .
We wanted to find out the 10 year cumulative return just like the way vanguard reports on their accounts .
When we called , the customer service said they do not report that . Is there a way to get this ?
by Jimsad
Wed Sep 04, 2019 4:10 pm
Forum: Personal Investments
Topic: Cash vs. Bond Fund
Replies: 12
Views: 1386

Re: Cash vs. Bond Fund

Vanguard total bond fund is probably the best choice for this in my opinion
by Jimsad
Mon Aug 19, 2019 4:38 pm
Forum: Personal Investments
Topic: P2P lending as a part of port folio
Replies: 15
Views: 935

Re: P2P lending as a part of port folio

Thanks for your replies
Any preference between lending club or prosper or other ?
Or are they all the same ?
by Jimsad
Mon Aug 19, 2019 6:00 am
Forum: Personal Investments
Topic: P2P lending as a part of port folio
Replies: 15
Views: 935

P2P lending as a part of port folio

I am thinking of investing in P2P lending with a small part of my portfolio (<8% )to add as a diversification to my 65:35 stock bond portfolio .
I see 4-7% returns advertised by leading club.
Is this a good idea ?