Search found 335 matches

by eye.surgeon
Fri Aug 17, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: ICE or a hybrid car
Replies: 17
Views: 761

Re: ICE or a hybrid car

I've been driving a Tesla for 4 years but EVs aren't taking over any time soon. Get an ICE unless you WANT an EV.
by eye.surgeon
Thu Aug 16, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Seattle- mandatory affordable housing units affect single family home values?
Replies: 45
Views: 2702

Re: Seattle- mandatory affordable housing units affect single family home values?

A low income housing development was built directly adjacent to my main 4 story office building. It's a major headache. Cars in our parking lot get routinely broken into. Drug dealing is done in the open. The police visit daily. Our dumpsters get picked over regularly. The residents take no care for...
by eye.surgeon
Wed Aug 08, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 239
Views: 19755

Re: "Don't Obsess About Expense Ratios"

I like how Bogleheads philosophy has been "all things equal, keep your expense ratios as low as possible because that's the only thing you can control and best predictor of success, it's just math!" This is an appealing theory, but what you'll actually find are people saying "all other things are n...
by eye.surgeon
Mon Aug 06, 2018 3:05 pm
Forum: Investing - Theory, News & General
Topic: Growth Funds
Replies: 5
Views: 385

Re: Growth Funds

You need an overall investment strategy with an asset allocation that fits your age and risk tolerance. This can be done with as little as 1 fund, or more typically here 3 funds. Tilting towards growth funds should be done once that is established, if at all. It's certainly not a requirement for a b...
by eye.surgeon
Fri Jul 20, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: BH- Need advise for 45 year old
Replies: 22
Views: 1967

Re: BH- Need advise for 45 year old

As a fellow California resident, I'm surprised someone like yourself who can work from home anywhere would choose to live here. The financial penalties are significant, both in taxes and housing. We're talking years of extra work for the privilege.
by eye.surgeon
Fri Jul 20, 2018 12:35 am
Forum: Personal Consumer Issues
Topic: [A Splendid Exchange, by William Bernstein - on sale for Kindle]
Replies: 19
Views: 1942

Re: [A Splendid Exchange, by William Bernstein - on sale for Kindle]

It's an excellent book. We're fortunate to have Dr. Bernstein contribute here.
by eye.surgeon
Wed Jul 18, 2018 12:34 am
Forum: Investing - Help with Personal Investments
Topic: What to put in a relatively insignificant Roth IRA
Replies: 5
Views: 560

Re: What to put in a relatively insignificant Roth IRA

I use my backdoor Roth IRA funds to hold small cap value...that way I can say I tilt. It's a comparatively small component of my retirement savings.
by eye.surgeon
Tue Jul 10, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 138
Views: 24618

Re: Is it time to dump high yield savings for prime money market?

I just moved cash out of my GS 1.6% savings into Vanguards California muni tax exempt MM fund, being in the highest tax bracket the rates are finally competitive with online savings accounts. I considered CA MM but the SEC yield is only 1+% which is pathetic... so I have it in Prime MM for now. I d...
by eye.surgeon
Mon Jul 02, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Need Your Feedback on 100% VTSAX
Replies: 39
Views: 3790

Re: Need Your Feedback on 100% VTSAX

A reasonable asset allocation at your age and planned retirement age would be from 90/10 to 50/50, (stock/bond) depending on your risk tolerance. You certainly wouldn't be alone here at 100% stocks in your 40s but it would be considered very aggressive, however the amount of money is not large so th...
by eye.surgeon
Sat Jun 30, 2018 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Missed June estimated tax payment deadline. Now what?
Replies: 17
Views: 2107

Re: Missed June estimated tax payment deadline. Now what?

You could ignore the whole thing and probably come out ahead. The IRS is not going to send a SWAT team to your door. I have not made quarterly tax payments for years. The penalty is nothing but a modest interest rate. For the past five years, keeping the payment invested in SPY or QQQ has returned ...
by eye.surgeon
Fri Jun 22, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2531

Re: I think I am in trouble...way behind where I should be

You come to the game late but you have a high income. Aggressive saving and earning will get you there but you won't be FIREing at 60.
by eye.surgeon
Thu Jun 21, 2018 11:32 pm
Forum: Personal Consumer Issues
Topic: Am I wasting money on my old car?
Replies: 34
Views: 3482

Re: Am I wasting money on my old car?

Keith43 wrote:
Thu Jun 21, 2018 11:07 pm
I'm a bit cynical of the "newer cars are safer" line. Surely how you drive it is going to be the most important factor for safety.

Driving at 60m/h is going to be safer that 70m/h.
See for yourself and decide...

https://www.youtube.com/watch?v=_ttkVRwOtVE
by eye.surgeon
Thu Jun 21, 2018 10:44 pm
Forum: Personal Consumer Issues
Topic: Am I wasting money on my old car?
Replies: 34
Views: 3482

Re: Am I wasting money on my old car?

Forget repair costs, a 22 year old economy car is a death trap compared to any current car. Put a price tag on your life, it's time to upgrade.
by eye.surgeon
Mon Jun 18, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 112
Views: 12383

Re: Very confused with the current market

- It has been history higher and higher. - the fundamental law says it will recycle every 10 years - I had been on cash for 10 months Please don't tell me I should not time the market. What's going wrong? Pick an asset allocation, get your cash back in the market, and check it a couple times a year.
by eye.surgeon
Sun Jun 17, 2018 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Young and rich
Replies: 33
Views: 5377

Re: Young and rich

Chose a sensible asset allocation based on your age. Plenty of information on that in the wiki here. You would do well to never again refer to yourself as rich, or you risk believing it and acting like it. Although you are fortunate, and ahead of the game, you are neither rich nor have you won the g...
by eye.surgeon
Mon Jun 11, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Mea culpa - market-timing with REITs - what to do now?
Replies: 25
Views: 2946

Re: Mea culpa - market-timing with REITs - what to do now?

I'm also concerned about our lack of international holdings - just 20% in each of our 401(k)s. Perfectly defensible position on international. Some smart investors have more, some have less, some have none. Bogle himself suggests up to 20% international holdings although he also makes a case for no...
by eye.surgeon
Tue Jun 05, 2018 12:36 am
Forum: Personal Consumer Issues
Topic: Used car buying advice!
Replies: 41
Views: 3254

Re: Used car buying advice!

I wouldn't buy a car that old with that many miles unless I was completely broke. The used car sweet spot is 3-5 years old and is not a Toyota/Honda (hold their value too well). Kias and Hyundais are quality cars that depreciate like crazy and can be bought for a song on the used market. You can dri...
by eye.surgeon
Sun Jun 03, 2018 10:11 pm
Forum: Personal Consumer Issues
Topic: Switch between physicians in the same practice?
Replies: 40
Views: 3253

Re: Switch between physicians in the same practice?

InMyDreams wrote:
Sun Jun 03, 2018 9:45 am
jaybee747 wrote:
Sat Jun 02, 2018 1:06 pm
... he graduated few years ago...
I suspect he is a resident or fellow, working with the physician with whom you made the appointment.
Residents and fellows are almost always found in academic institutions, not private practices. Speaking as a former resident and fellow.
by eye.surgeon
Sat Jun 02, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: $1,000,000 in savings account to pay mortgage?
Replies: 32
Views: 4265

Re: $1,000,000 in savings account to pay mortgage?

OP, California is a non-recourse loan state. If the house is underwater, you could walk away from the house. So, why would you tie up a lot of your money into the house? KlangFool Maybe because not everyone is comfortable with "walking away" from a legal financial obligation and defaulting on a ban...
by eye.surgeon
Wed May 30, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Opening a taxable...any reason for bonds?
Replies: 21
Views: 2515

Re: Opening a taxable...any reason for bonds?

manedark wrote:
Wed May 30, 2018 2:00 am
eye.surgeon wrote:
Wed May 30, 2018 1:02 am
I'm starting to feel like "that guy" always bringing this issue up, but those in the highest tax bracket should actually consider holding their bonds in a taxable account rather than a retirement account.
Why?
https://www.whitecoatinvestor.com/asset ... /#comments
by eye.surgeon
Wed May 30, 2018 1:02 am
Forum: Investing - Help with Personal Investments
Topic: Opening a taxable...any reason for bonds?
Replies: 21
Views: 2515

Re: Opening a taxable...any reason for bonds?

I'm starting to feel like "that guy" always bringing this issue up, but those in the highest tax bracket should actually consider holding their bonds in a taxable account rather than a retirement account.
by eye.surgeon
Sun May 27, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: New doctor looking for your seasoned advice on initial investments
Replies: 14
Views: 2007

Re: New doctor looking for your seasoned advice on initial investments

I've been in private practice 16 years.

My opinion: contribute enough into your employee sponsored retirement account to get your employee match, at your low tax rate ideally a Roth 401k. Put the max ($5500) into a Roth IRA again because of t your low tax bracket. Anything else, pay off your loans.
by eye.surgeon
Thu May 17, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling term life insurance policies paid annually, will I get a refund
Replies: 9
Views: 854

Re: Cancelling term life insurance policies paid annually, will I get a refund

Pajamas wrote:
Thu May 17, 2018 11:35 pm
What do the policies say about refunds?
I've looked through the policy and don't see this issue addressed. I thought perhaps others here might have personal experience doing this.
by eye.surgeon
Thu May 17, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling term life insurance policies paid annually, will I get a refund
Replies: 9
Views: 854

Cancelling term life insurance policies paid annually, will I get a refund

I am replacing 2 term life insurance policies, one with Northwestern Mutual and the other NY life, with a single lower-rate policy. I've paid these premiums annually unfortunately. My new insurance agent is telling me they will refund my unused premiums, but a search here and a google search seems t...
by eye.surgeon
Sun May 13, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Two Fund or A Managed Portfolio?
Replies: 13
Views: 1049

Re: Vanguard Two Fund or A Managed Portfolio?

Vanguard 2 fund or other suggestions above.
by eye.surgeon
Thu May 10, 2018 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: Using Vanguard Wellesley for Emergency Fund $30k, reinvest dividends in taxable???
Replies: 9
Views: 1515

Re: Using Vanguard Wellesley for Emergency Fund $30k, reinvest dividends in taxable???

I would not use Wellesley in a taxable account - too tax inefficient. And I prefer sending dividends to a sweep account until there is enough to make a significant contribution (my taxable funds haven’t generated cap gains in years, which is one reason for using them). It's more tax efficient than ...
by eye.surgeon
Thu May 10, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Using Vanguard Wellesley for Emergency Fund $30k, reinvest dividends in taxable???
Replies: 9
Views: 1515

Re: Using Vanguard Wellesley for Emergency Fund $30k, reinvest dividends in taxable???

One down side to reinvesting dividends is it makes tax loss harvesting more difficult due to the 30 day rule. If you don't plan to tax loss harvest at any point, I'd say reinvest the dividends for your purposes.
by eye.surgeon
Thu May 10, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: Picking up New Subaru-Worth buying extended warranty?
Replies: 33
Views: 2326

Re: Picking up New Subaru-Worth buying extended warranty?

What, no undercoating?

Just say no.
by eye.surgeon
Tue May 08, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: New car for my wife
Replies: 25
Views: 2916

Re: New car for my wife

Unless you live at the end of an unplowed mountain road, it's highly unlikely that you need AWD/4WD. A disposable front wheel drive commuter car with snow tires will cost much less to own. Get a Camry/accord/altima or some other disposable commuter box, replace every 150k miles or so. And don't give...
by eye.surgeon
Thu May 03, 2018 11:04 pm
Forum: Personal Consumer Issues
Topic: 2019 Corolla Hatchback
Replies: 9
Views: 1224

Re: 2019 Corolla Hatchback

Haven't driven it obviously since it's brand new but I've watched all the reviews and I think it looks great. I'm a big fan of hatchback practicality, plus it has a European coolness to it. Only thing I don't like is the CVT but not a deal breaker for an economy car. I'd way rather have this than th...
by eye.surgeon
Tue May 01, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting (TLH) for tax-exempt bonds
Replies: 17
Views: 1465

Re: Tax loss harvesting (TLH) for tax-exempt bonds

eye.surgeon wrote:
Mon Apr 30, 2018 10:42 pm
Does anyone know if Vanguard California Municipal Money Market Fund (VCTXX) is subject to the 6 month rule?
:oops: I copied and pasted the wrong fund name-- I meant the Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX)
by eye.surgeon
Mon Apr 30, 2018 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting (TLH) for tax-exempt bonds
Replies: 17
Views: 1465

Re: Tax loss harvesting (TLH) for tax-exempt bonds

Does anyone know if Vanguard California Municipal Money Market Fund (VCTXX) is subject to the 6 month rule? Are you not able to check its prospectus for the periodicity of dividend declaration per the citation in The529guy's post above? It simply states dividends are paid monthly. It doesn't say wh...
by eye.surgeon
Mon Apr 30, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting (TLH) for tax-exempt bonds
Replies: 17
Views: 1465

Re: Tax loss harvesting (TLH) for tax-exempt bonds

Does anyone know if Vanguard California Municipal Money Market Fund (VCTXX) is subject to the 6 month rule?

EDIT -- accidentally copied and pasted the wrong fund. I meant the Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX)

:oops:
by eye.surgeon
Sun Apr 29, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting (TLH) for tax-exempt bonds
Replies: 17
Views: 1465

Re: Tax loss harvesting (TLH) for tax-exempt bonds

Be aware of an obscure tax rule involving sales of tax-exempt funds for losses with a less than 6-month holding period. You have to add back any distributions to the proceeds on your Schedule D. in regards to your fear of concentrating bond holdings in a single state, consider that California itself...
by eye.surgeon
Fri Apr 27, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Capital One now at 1.75 [Money Market Rate To 1.75% APY]
Replies: 51
Views: 5313

Re: Capital One now at 1.60

I just moved all parked cash from Cap One to Vanguards California tax exempt muni money market fund, SEC is current 1.47% . money market funds are finally returning some interest.
by eye.surgeon
Thu Apr 26, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 11402

Re: Wedding - financial burden on couple and attendees

Expensive elaborate weddings are a terrible way to begin a life together. Both my and my wife's parents are well-off and when we got married 25 years ago it was in her parent's back yard and probably cost $5,000 all-in, including her dress. Doesn't answer your question but it felt good getting that ...
by eye.surgeon
Wed Apr 25, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Should I open a Goldman sachs 1.6% savings account?
Replies: 31
Views: 3204

Re: Should I open a Goldman sachs 1.6% savings account?

I've been happy with Goldman Sachs, although I just moved a bunch of cash from them into a Vanguard California municipal money market fund because it's tax free and with SEC returns of 1.47% recently, real returns have exceeded online savings accounts.
by eye.surgeon
Wed Apr 25, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: New car pickup today.
Replies: 48
Views: 3549

Re: New car pickup today.

No and heck no.
by eye.surgeon
Wed Apr 25, 2018 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Credit card that offers high limit for no fee balance tranfers
Replies: 16
Views: 1005

Re: Credit card that offers high limit for no fee balance tranfers

While not directly addressing your question, let me state the obvious-- you're better off not using 0% offers to play musical chairs with credit card balances. As attractive as "free money" is at first blush, there's enough potential gotchas playing that game to make it not worth your effort.
by eye.surgeon
Tue Apr 24, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 61
Views: 4956

Re: Building a New Home (Talk me out of it!)

Sounds to me that what you really want is someone to talk you into buying the lot and building a big house. There is no reason you couldn't buy the lot and build a house just like the one you have now. You seem to be creating the "necessity" of building a big house on the lot yourself. Your wife ju...
by eye.surgeon
Mon Apr 23, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 138
Views: 24618

Re: Is it time to dump high yield savings for prime money market?

I just moved cash out of my GS 1.6% savings into Vanguards California muni tax exempt MM fund, being in the highest tax bracket the rates are finally competitive with online savings accounts.
by eye.surgeon
Mon Apr 23, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10787

Re: Salary Negotiation gone sour

As someone who employs almost 100 people, I can tell you that I don't go back and forth on salary negotiations. I offer what I think is fair and reasonable, and may (rarely) consider a counter-offer for more. Back and forth more than once, never. I'm not a used car salesman and those making the offe...
by eye.surgeon
Mon Apr 23, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing - A convincing article
Replies: 67
Views: 6510

Re: Factor Investing - A convincing article

I can't tell from reading that article whether he is advocating for owning total market or tilting to small cap value. Seems like he is arguing for both :confused Can someone smarter than me fill me in.
by eye.surgeon
Sat Apr 21, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Where to purchase a new iphone
Replies: 5
Views: 593

Re: Where to purchase a new iphone

Order it from Apple online, transfer your data yourself. It's easy.
by eye.surgeon
Fri Apr 20, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 86
Views: 5450

Re: Factor in evaluating Physicians

I could cut pharmaceutical costs in the US by 25% within a year with a one sentence Bill : "no prescription medication can be marketed directly to consumers". This will never happen by the way. Instead there is a 10 inch thick rulebook about a doctor eating a sandwich or taking a pen. I don't know i...
by eye.surgeon
Thu Apr 19, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Small Cap Value Tilt in Roth IRA or 401k?
Replies: 3
Views: 516

Small Cap Value Tilt in Roth IRA or 401k?

I'm thinking about introducing a small small cap value tilt in my current traditional 3 fund portfolio. I have assets in taxable, Roth IRA, and 401k. Am I correct in assuming that I should put this small cap value in the Roth because it has the greatest potential for growth?
by eye.surgeon
Wed Apr 18, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to argue for S&P
Replies: 15
Views: 1162

Re: How to argue for S&P

alex11 wrote:
Wed Apr 18, 2018 7:53 pm
stuper1 wrote:
Wed Apr 18, 2018 7:44 pm
If a fund has outperformed over the last 10 years, there's probably a better than even chance that it will underperform over the next 10 years.
Is there any logic behind this statement?
Yes, it's called regression to the mean.
by eye.surgeon
Sun Apr 15, 2018 2:50 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 12425

Re: We crush stock indexes, Yale claims

Defending the indefensible when you cut through all the fund-manager spin.
by eye.surgeon
Wed Apr 11, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 18335

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

Your emergency fund is too large. Target 1 year expenses and even that is probably too much given your net worth.
by eye.surgeon
Tue Apr 10, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: New Lexus LS or Tesla Model S
Replies: 63
Views: 4919

Re: New Lexus LS or Tesla Model S

Don't know which is right for you but I've had my Model S 3.5 yrs and been very happy with it.