Search found 262 matches

by md&pharmacist
Wed Jun 20, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5848

Re: How much car to buy reasonably?

Note that OP is in SoCal, so a pure manual shift transmission is painful in typical stop-and-go traffic. That will rule out some fun choices if it's a daily commuter car. No it doesn't. I live in the same area and had no problem daily driving a stick before I developed some back issues. Now I still...
by md&pharmacist
Wed Jun 20, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 60
Views: 10730

Re: Merrill Edge best choice for higher net worth accounts?

I avoid anything having to do with BofA like the plague. While Vanguard is imperfect (and they've driven me nuts with some of their policies recently), I too have >$1M there, doubt many places where the grass is greener or greener enough for me to bother switching. I think you should stay put but re...
by md&pharmacist
Wed Jun 20, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Amazon?
Replies: 17
Views: 1500

Re: Selling Amazon?

High quality actively managed technology/internet, healthcare/biotech, semiconductor, China mutual funds. Let the pro's go in and out of stocks. They do the stock research we don't. Buy the funds on market corrections.

You'll continue to way outperform the indexes barring a major market disruption.
by md&pharmacist
Wed Jun 20, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5848

Re: How much car to buy reasonably?

Why not a supercar (as long as it's not your daily driver)? The first sentence in his messages was literally "I am looking to buy a daily car for commute and fun". You're right. I have a BMW M6 convertible for my daily driver. Maybe that can be in the running. OP, your picks for a fun daily driver ...
by md&pharmacist
Wed Jun 20, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 96
Views: 14037

Re: Evaluate my finances. Young guy.

I think I am different than most people on this forum (and most people in general) in that I don't view debt as chain and shackles in a prison cell. You've never been through a recession with a ton of money on the line. Sorry to be that old guy with experience grumbling at the young guy who has onl...
by md&pharmacist
Wed Jun 20, 2018 5:30 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5848

Re: How much car to buy reasonably?

At 38, I purchased a sports car for $170K. Why not a supercar (as long as it's not your daily driver)? You only live once, don't settle for what you don't really want. Get a Ferrari f430 with 15K miles for about $100K. Or maybe and Audi R8, Nissan GT-R, Bentley Continental GT, Maserati, Porsche 911 ...
by md&pharmacist
Wed Jun 20, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Paper tax return filed at deadline - still no refund 7 weeks later
Replies: 27
Views: 2527

Re: Paper tax return filed at deadline - still no refund 7 weeks later

Turbotax? Paper filing? Really? The IRS is probably irritated.

Get an accountant, or I'll go back to my cassette player and flip phone. :oops:

You're likely leaving refunds on the table. If you can't get this, how can you possibly get my higher level recommendations? :confused
by md&pharmacist
Wed Jun 20, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 14770

Re: Oh my! Cardone says we need $10m net worth

While $10M is a more comfortable number, $10M is not as comfortable as you think. You probably can't know this until you've walked in the $10M NW shoes. You sleep a little better at night, but still plenty to worry about.
by md&pharmacist
Tue Jun 19, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: I feel like selling my 3 fund

Returns are calculated on investment assets, not on total assets. We don't need to account for your net worth. But, we need to account for all money available to invest. This includes the extra $1M you told the OP of this thread you're " not willing to put in the markets now ". What is an "investme...
by md&pharmacist
Tue Jun 19, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: I feel like selling my 3 fund

Returns are calculated on investment assets, not on total assets. We don't need to account for your net worth. But, we need to account for all money available to invest. This includes the extra $1M you told the OP of this thread you're " not willing to put in the markets now ". What is an "investme...
by md&pharmacist
Tue Jun 19, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: I feel like selling my 3 fund

Wait, in your other thread that got locked you said: Now it's over a million? This is why no one believes you in the other thread. $277k in 401(k)/IRA account earmarked for market investing. About $1.5M in savings for all other expenses. My expenses alone are nearing %100K/month. Also have $500K un...
by md&pharmacist
Tue Jun 19, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: I feel like selling my 3 fund

OP, I have over $1M in savings accounts that I am not willing to put in the markets now for the same reasons you noted. Wait, in your other thread that got locked you said: $277,270.87 Cash for Investing Now it's over a million? This is why no one believes you in the other thread. $277k in 401(k)/I...
by md&pharmacist
Tue Jun 19, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8583
Views: 1676515

Re: Anyone buying today?

Wait until after the next correction (>10%) stabilizes if you want to buy. It's the summer, a good likelihood a good opportunity will come. Which could be 12%+ higher than today's price, meaning you "missed out" by not purchasing shares when you had the means to do so :beer Per $100, if it goes up ...
by md&pharmacist
Tue Jun 19, 2018 7:25 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: I feel like selling my 3 fund

OP, I have over $1M in savings accounts that I am not willing to put in the markets now for the same reasons you noted. Wait, in your other thread that got locked you said: $277,270.87 Cash for Investing Now it's over a million? This is why no one believes you in the other thread. $277k in 401(k)/I...
by md&pharmacist
Tue Jun 19, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 4835

Re: Shorting Amazon

Don't short Amazon.

In the tail end of a bull run, people sell their losers and buy the high fliers (usually mega cap tech/internet). Amazon may not deserve a more outrageous PE ratio, but the market is getting out of whack.

You are more likely than not to lose shorting Amazon.
by md&pharmacist
Tue Jun 19, 2018 7:08 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8583
Views: 1676515

Re: Anyone buying today?

Wait until after the next correction (>10%) stabilizes if you want to buy. It's the summer, a good likelihood a good opportunity will come.
by md&pharmacist
Tue Jun 19, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

I feel like selling my 3 fund [md&pharmacist]

[Split into a new topic from: I feel like selling my 3 fund , see below (next page) --admin LadyGeek] OP, I have over $1M in savings accounts that I am not willing to put in the markets now for the same reasons you noted. I am rather investing portions of it in my children's education, in my person...
by md&pharmacist
Mon Jun 18, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

Here you go. http://time.com/money/4885699/august-september-worst-month-stock-market/ Indeed, since the end of World War II, the S&P 500 index of blue-chip U.S. stocks has averaged losses in only three months of the year: February, August, and September. And over time, August and September have bee...
by md&pharmacist
Sun Jun 17, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

MD&P, I really have no problem with your investment strategy. You seem to be happy with it, and with your resources, it does not matter much anyway. I wish you luck in your endeavors. I don't really understand some of the vitriol aimed your way. I am, however, a bit curious as to what you hope to g...
by md&pharmacist
Sun Jun 17, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

I've created a simple spreadsheet to keep track of total portfolio holdings from contributions, withdrawals, buy and sell transactions, distributions, and fees. Here's the link: mdp-holdings-and-transactions I understand that the OP will provide us with timely information in this thread to keep the...
by md&pharmacist
Sun Jun 17, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

A bunch of jabbering in this thread without any recent trades. Can the replies cease until OP actually makes a purchase/sell? OP, can your next post in this thread be just that? Thanks. I understand, all of this subjectivity drowns out the objectivity for those genuinely interested (possibly by des...
by md&pharmacist
Sat Jun 16, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

With your skill in investing, there aren't many on this forum that can beat your performance. Most people here are boring index investors that believe in statistics. That is, the overwhelming majority of investors cannot beat the market in the long run. The ones that can will be justly rewarded for...
by md&pharmacist
Sat Jun 16, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

... picking top funds and re-balancing to stay in top sectors is not that difficult with the power of the internet. I found that a logical plan for corrections, recessions and bear markets can take away one's fear and allow one to utilize these periods to enhance returns. ... What I'm mainly curiou...
by md&pharmacist
Sat Jun 16, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

I'm pretty sure the internet is not the key to achieving 30-40% returns. I'm guessing all fund managers have access to it. Access, yes (as do almost all Americans and many worldwide). Harnessing the power to accomplish what others may deem near impossible, no. If I am one day able to accomplish the...
by md&pharmacist
Fri Jun 15, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

With your skill in investing, there aren't many on this forum that can beat your performance. Most people here are boring index investors that believe in statistics. That is, the overwhelming majority of investors cannot beat the market in the long run. The ones that can will be justly rewarded for...
by md&pharmacist
Fri Jun 15, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

If I totaled this up correctly, you have $1,580,418.24 in investments plus $277,270.87 in cash for a total of $1,857,689.11 in your portfolio? I believe in other threads you've boasted that you're in your mid 40's with a net worth of $10 million and make $1 million a year. How long have you been ma...
by md&pharmacist
Fri Jun 15, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7631

Re: can we afford to spend $20K on travel annually

Given that you seem to agree that they "have the funds", who are you [or any of "us"] to say that, for them , "$200,000 for 10 years of vacations is too much"? It's not as though they are clearly putting other family/life goals at serious risk. Who am I? Someone giving my opinion on the very questi...
by md&pharmacist
Fri Jun 15, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

Chip wrote:
Fri Jun 15, 2018 11:32 am
Thanks for the info!

There is some sort of minor error on DXQLX. I have a closing price yesterday of 26.98. 7,205.005 shares * 26.98 = 194,391, vs. the 194,301 shown in your list. Can you clarify?
Thank you. The 0 is next to 9 on keyboard. Just rechecked, it is $194,391.03 for DXQLX.
by md&pharmacist
Fri Jun 15, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7631

Re: can we afford to spend $20K on travel annually

$200,000 for 10 years of vacations is too much, even on your salary. An exotic trip to Africa, Australia, the Far East here and there is fine, but not as a routine. Definitely do enjoy life and travel if you desire. Also, extrapolating to other aspects of your life, make sure you don't have to spend...
by md&pharmacist
Fri Jun 15, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 11797

Re: Timeshare ever worth it? Please share details

I own two, purchased a long time ago. At this point, I feels the cons significantly outweigh the pro's. Warning, they apply pressure far worse than a car salesman. They buy you lunch to make you feel obligated. You feel like you are held hostage, they call in the supervisor to double team you. They ...
by md&pharmacist
Fri Jun 15, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

Hello, To be able to discuss additions to your portfolio we first need to understand what you currently have. Can you please complete the table below. - amount = shares - fund $XXX,XXX = XXX - VFIAX (Vanguard 500 Admiral) $XXX,XXX = XXX - VQNPX (Vanguard Growth and Income) $XXX,XXX = XXX - VWNDX (V...
by md&pharmacist
Fri Jun 15, 2018 8:21 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 12759

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

Certainly every case is individual, but i can definitely see circumstances where you should bypass 401-K matches to manage excess consumer debt. One can best learn when they understand statements within their context, and suppress their underlying biases to learn both what to do and what not to do.
by md&pharmacist
Fri Jun 15, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

What is on your watch list, MDP? Here are some funds I am seriously looking at: 1- FSRPX (Fidelity Select Retailing Portfolio) currently YTD 18.52%, 1-YEAR 29.31%, 3-YEAR 22.84%, 5-YEAR 12.66%, 10-YEAR 18.21% This would help me diversify into consumer cyclicals, Top 10 Holdings AS OF 3/31/2018 69.8...
by md&pharmacist
Thu Jun 14, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 115020

Re: Anyone regret paying off mortgage early?

Paid mine off within 5 years of building. I do the same thing with my commercial real estate. For the life of me, I can't see any reason why one would regret paying off early. If you think investing in the markets is best because returns are generally higher than mortgage interest, the reality is an...
by md&pharmacist
Thu Jun 14, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

In the end, whether I am 0% cash or 99.99999% cash, the reality is that if someone wants to consider my techniques, timing and/or holdings - they will not have the same cash positions as I. Ignore the noise, that's all it is. This is not true. Knowing what percentage you held in cash at various poi...
by md&pharmacist
Thu Jun 14, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

I agree that this would be a very interesting thread if you are willing to follow through with the kind of detail it takes to make it verifiable. The only way for that to happen is to get some ground-rules and stop with the complaints about the thread and bashing the OP. Let's have some actual disc...
by md&pharmacist
Thu Jun 14, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

I'm not 50% cash. But, with 50% cash, a 1 year return of 13.7% in this under-performing market! Wow, that means the funds are collectively at 27.4% 1 year even with my sleepers, and in this lazy market where the DOW hasn't seen it's high in months. You can see how it's been so good in a normalized ...
by md&pharmacist
Thu Jun 14, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

I'm not 50% cash. But, with 50% cash, a 1 year return of 13.7% in this under-performing market! Wow, that means the funds are collectively at 27.4% 1 year even with my sleepers, and in this lazy market where the DOW hasn't seen it's high in months. You can see how it's been so good in a normalized m...
by md&pharmacist
Thu Jun 14, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

Whats your IRR of your entire portfolio (Stocks, Bonds, Cash) over the last 12 months, 3 years, etc.? Wouldn't that be more important than how one of your many funds performed well. That would be like me bragging about how my Amazon stock has gone up x% over the last few years even though its just ...
by md&pharmacist
Thu Jun 14, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

Based on the ECB's comments this morning, I do not believe Europe is ready for serious consideration. Still weakness, however, given the ECB is still buying bonds and holding interest rates steady, they are a year or two behind the US and should ultimately see prosperity improving at some time over ...
by md&pharmacist
Wed Jun 13, 2018 12:18 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

I hope the OP is as dedicated to his patients as he is to his financial and investing pursuits. If yes, his patients are fortunate. :D The patients are the precise reason I have not bothered with the RE in FIRE (Financial Independence Retire Early). I struggle very much with the term Physician on F...
by md&pharmacist
Tue Jun 12, 2018 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

Homer, Genius is still name calling! Since I no longer want to pick my own stocks and want to attain out-sized fund returns, I have also been called naive in this same string! So if you all still want to call me names, I think the most accurate is confused! :? Besides if you keep calling me "not a g...
by md&pharmacist
Tue Jun 12, 2018 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

I removed an off-topic post. As a reminder, see: General Etiquette This is a moderated forum. We expect this forum to be a place where people can feel comfortable asking questions and where debates and discussions are conducted in civil tones. ...At all times we must conduct ourselves in a respectf...
by md&pharmacist
Tue Jun 12, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

Here's the issue. You say you are worth $10 million. You have 15% of your net worth in stocks. That's $1.5 million. You claim to be averaging 30-40% returns. You've been investing for 20 years. $8,000 over 20 years at 30% (your low end) is $1.5 million. So either you are the worlds greatest investo...
by md&pharmacist
Tue Jun 12, 2018 7:37 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

Beezquimby, no special insights. Just the same information that is available to everyone...combined with a strategy in corrections - strategic buying (low) and cash reserves to take advantage of the opportunities that correction presents. I figure corrections and bear markets are there, why not util...
by md&pharmacist
Tue Jun 12, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

slayed wrote:
Tue Jun 12, 2018 5:06 am
Is this trading happening in a taxable account? If so then where are the taxes due coming from when you realize a gain?
No. But if it was, income and savings can cover.
by md&pharmacist
Tue Jun 12, 2018 7:25 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

MSO4PRN wrote:
Tue Jun 12, 2018 2:52 am
ortho or derm?
Ha!

FP with employed providers and wife is PharmD.
by md&pharmacist
Tue Jun 12, 2018 12:16 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13446

Re: MD&P just purchased X / sold Y [md&pharmacist]

What did you sell to purchase OPGIX? (It surprises me that I have to ask.) And what was your last trade before that? You can see where I’m going with this. May as well, this is gonna be a lot of foreplay and not much action otherwise. Not every purchase has to be preceded by a sale. Well, I'd have ...