Search found 90 matches

by TheMadEph
Wed Mar 18, 2020 6:22 pm
Forum: Personal Investments
Topic: Wouldn't Day Trading do well in this environment?
Replies: 47
Views: 3070

Re: Wouldn't Day Trading do well in this environment?

I am day trading options in my "play money account" and am up 5x over a month. HOWEVER - that is a small amount of money, that i am prepared to lose, and anything i make is gravy. Obviously my "real" accounts are getting slaughtered, as I was basically 80/20 AA going in. But i still have my normal c...
by TheMadEph
Mon Mar 16, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house - should I get out of it now?
Replies: 40
Views: 3636

Re: Buying a house - should I get out of it now?

I would urge a more careful assessment of your job security. Why would finance and advertising be anything but vulnerable in a deep recession? Yes, this struck me the most. Those two industries seem to be very susceptible to boom and bust cycles - though we dont know the precise nature of the jobs,...
by TheMadEph
Mon Mar 16, 2020 3:41 pm
Forum: Personal Investments
Topic: The Black Swan is Here
Replies: 153
Views: 16792

Re: The Black Swan is Here

Black Swan..... nah. Maybe a dirty white or grey swan at the most, for now. People are acting crazy around here, but I haven't heard any gunshots yet. DW couldn't find distilled water for my CPAP machine, and not too much bread was available when she went shopping yesterday. I don't eat much bread ...
by TheMadEph
Fri Mar 13, 2020 3:57 pm
Forum: Investing - Theory, News & General
Topic: COVID-19 long-term impacts on economic/financial system health
Replies: 14
Views: 1361

Re: COVID-19 long-term impacts on economic/financial system health

1) I think there will be a great leap forward in tele-working options and distance learning. Since schools and workplaces were forced to set up long-term trial runs, more places will have been forced to prove that it works. If it didn't work, those kinks will be ironed out. This will change the wor...
by TheMadEph
Wed Feb 05, 2020 5:59 pm
Forum: Investing - Theory, News & General
Topic: Why many inheritances don't last past 3 generations
Replies: 144
Views: 17861

Re: Why many inheritances don't last past 3 generations

As birth rates drop generational wealth becomes more common. Think of how many Rockefellers and Vanderbilts there were. You can see the drop in children even between the "old" billionaires today and the new ones: Bill Gates and Warren Buffett each have 3 children and the Waltons had 5. Meanwhile Zu...
by TheMadEph
Wed Feb 05, 2020 5:52 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97040

Re: Well, I am market timing... Wish me luck.

I'm considering going to 50/50 myself, but not out of any desire to market-time. I've just more or less reached my goal and should be able to sustain my current lifestyle with what I've got and would like to lock it down, so to speak. Anything additional I accumulate at this point is a bonus. i hav...
by TheMadEph
Thu Jan 23, 2020 12:52 pm
Forum: Investing - Theory, News & General
Topic: Are interest rates ever going back up?
Replies: 98
Views: 7798

Re: Are interest rates ever going back up?

It depends on the frame for whether you think interests rates are abnormally low. Compared to the 1970s, yes. Compared to the implied interest rates across monetary history, well....might be a different answer. One of the most compelling arguments in Capital in the 21st century (yes, the one by Pike...
by TheMadEph
Thu Jan 09, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Parental Leave - 4 weeks or 16 weeks - thoughts/perspective?
Replies: 39
Views: 2836

Re: Parental Leave - 4 weeks or 16 weeks - thoughts/perspective?

You will need to look at what the HR defines as "primary caregiver". That is likely going to be the mother as she nurses and will be the primary carer of the child. While you share the responsibility the parental roles, you are not the primary caregiver and likely the secondary caregiver. Of course...
by TheMadEph
Wed Jan 08, 2020 1:47 pm
Forum: Personal Investments
Topic: Available retirement funds for two physician family
Replies: 17
Views: 1717

Re: Available retirement funds for two physician family

A lot of good advice above (especially, I think, the advice about really trying to think hard about life plans and goals). Those are subject to change as well, but if you can try and predict what life might look like in a bunch of different scenarios that might be helpful to then pick a financial pa...
by TheMadEph
Wed Jan 08, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot resist tIRA contribution
Replies: 8
Views: 537

Re: Cannot resist tIRA contribution

If I were going to be in the 24% bracket when withdrawing I would convert to the top of the 12% without out a doubt, and likely the 22% bracket. We all know the tax rate cuts expire in a few years and brackets are reverting higher. I believe that momentary tax math pleasure is obscuring your future...
by TheMadEph
Tue Jan 07, 2020 12:38 pm
Forum: Personal Consumer Issues
Topic: Alta, UT Goldminer's Daughter or Peruvian?
Replies: 4
Views: 597

Re: Alta, UT Goldminer's Daughter or Peruvian?

I think the main benefit of peruvian is the hot tub, if I recall. Are you a hot tubber after skiing? If so, you might want to spring for the extra it will cost you to stay at peruvian. I have only stayed at Goldminers, but had friends stay at Peruvian. I liked the Goldminers daughter and the apres s...
by TheMadEph
Mon Dec 30, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Optimal Career Path: Investment Banker vs Management Consultant vs Software Engineer vs Doctor vs Lawyer
Replies: 45
Views: 4183

Re: Financially Optimal Career Path: Investment Banker vs Management Consultant vs Software Engineer vs Doctor vs Lawyer

As everyone has pointed out, this analysis is flawed for various reasons so i wouldn't suggest using this to help anyone with a decision. I definitely would say that it is not insightful - and primarily because of the short time frame. -Dermatology is one of the hardest residencies (and not 3y) -doc...
by TheMadEph
Mon Oct 07, 2019 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell or hold [house]?
Replies: 31
Views: 3089

Re: Should I sell or hold [house]?

I would heavily consider selling when your current renter moves out just to simplify life and have one less thing to worry about. Fort Lauderdale will always go up... always (even when it goes down, it'll eventually go back up). This is true until it isn't. yeah, and Fort Lauderdale is certainly a ...
by TheMadEph
Fri Sep 20, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 11694

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

I've been on both ends of it. I don't know if there is a clear right/wrong answer. Just do what you think is best given the information you have. For me, a lot of it would depend on company culture and my relationships with my coworkers/supervisors. This is the right answer. If you are concerned (s...
by TheMadEph
Fri Sep 13, 2019 6:42 pm
Forum: Personal Investments
Topic: How to value pension as a benefit when comparing jobs
Replies: 24
Views: 2474

Re: How to value pension as a benefit when comparing jobs

My partner just made the change from EM physician in the community to EM at VA. I appreciate the attempt, but when I was sitting down with my partner to think about it, we decided that the actual dollar figure trade off is both (i) too complicated and (ii) ultimately irrelevant. Our conclusion was t...
by TheMadEph
Thu Sep 12, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Building First Home, budgeting, and Investing
Replies: 6
Views: 489

Re: Building First Home, budgeting, and Investing

One thing you might consider is building a super small carriage house e.g. ground floor could be a four car garage with shop/work area/powder room, plus stairs up to a second floor with a small apartment etc. I lived in one of these for a few years and it was great - obviously a little tight, but......
by TheMadEph
Thu Sep 12, 2019 4:11 pm
Forum: Personal Consumer Issues
Topic: Electric Bicycles
Replies: 116
Views: 9971

Re: Electric Bicycles

This is an interesting and timely thread for me. I am 60 years old, have been a recreational bicyclist for 52 years and have two road and one MTB in the stable. I live in the Cascade foothills 45 miles north of Seattle in very hilly terrain. As my hip joints start to squeak more and more as I throw...
by TheMadEph
Wed Sep 11, 2019 2:00 pm
Forum: Investing - Theory, News & General
Topic: How would one go about shorting Eurozone bonds?
Replies: 22
Views: 1365

Re: How would one go about shorting Eurozone bonds?

Do you think that the EU central bank is going to start hiking rates? Which is a passive aggressive way of saying, why bother? for a retail investor with (I am assuming here) a relatively normal size portfolio this would seem to be an awful lot of effort to achieve whatever you are trying to achieve...
by TheMadEph
Tue Sep 10, 2019 6:05 pm
Forum: Personal Consumer Issues
Topic: Electric Bicycles
Replies: 116
Views: 9971

Re: Electric Bicycles

I think the target audience is someone who is unable or just doesn't ride bike without the assist factor. I have a hard time seeing a biker who enjoys pedaling swapping to an e-bike when they don't have to. But I'm proven wrong daily. I am a former pretty high-level triathlete and even now I fairly...
by TheMadEph
Wed Sep 04, 2019 1:35 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 254
Views: 33291

Re: The Big Short's Michael Burry on why index funds are like subprime CDOs - why is he wrong?

He may well be correct that certain smart and dedicated investors can do an enormous amount of research undervalued small cap stocks and find good companies. But who is going to go find those companies for you? He is talking about small cap Japanese tech stocks with large balance sheets.... seriousl...
by TheMadEph
Thu Aug 22, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 18650

Re: White collars- How much is your work downtime?

I find this thread baffling. As an Emergency Medicine Physician I can honestly say that during a 7a - 7p shift I would estimate about 5% or less downtime in order to eat or use the bathroom. There usually is a little more downtime on the overnight shifts but I’d much prefer to be busy. Fortunately ...
by TheMadEph
Mon Aug 12, 2019 10:11 pm
Forum: Personal Investments
Topic: Can having wealthy parents be a justification for a more aggressive investment strategy?
Replies: 97
Views: 8088

Re: Can having wealthy parents be a justification for a more aggressive investment strategy?

Counterpoint - the answer is sure . Be aggressive, if you want. Just be aggressive with the knowledge (as lady geek pointed out) that you MAY not have anything at the end of the day. But absolutely you should be more aggressive. There is a huge difference between relying on a potential future inheri...
by TheMadEph
Fri Jul 12, 2019 8:58 pm
Forum: Personal Investments
Topic: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds
Replies: 43
Views: 2851

Re: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds

All (eh, most) of my charitable giving is environmental/land usage focused. But that is actually how I go started thinking about a manner of "individual divestment". ... Your thesis may be right or wrong. And you probably aren't going to suffer catastrophic results in either case. What I would caut...
by TheMadEph
Fri Jul 12, 2019 8:13 pm
Forum: Personal Investments
Topic: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds
Replies: 43
Views: 2851

Re: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds

OP, remember that placing your 'bet' on such funds is not a bet that the world is moving in that direction; it is a bet that the collective valuation of those companies is wrong. Agreed Willthrill81 - that is what I am struggling with. It seems to me (based on all the risks, and the upsides) like w...
by TheMadEph
Fri Jul 12, 2019 8:06 pm
Forum: Personal Investments
Topic: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds
Replies: 43
Views: 2851

Re: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds

What you're not property weighting: all the people who, just a few years ago, had just as good reasons for why the Japanese economy would take over the world. So, how did being overweight in those Japanese stocks work out for you? Of course there are other examples - peak oil theories, etc. etc. Of...
by TheMadEph
Fri Jul 12, 2019 7:55 pm
Forum: Personal Investments
Topic: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds
Replies: 43
Views: 2851

Re: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds

(And this allocation is only for some of my accounts, as the 401K plans we have dont offer a low carbon option anyway, so those amounts are going to stay in the SP500/TSM - this change would be for the taxable account index funds). It’s a bad idea to put any fund you are not committed to hold for d...
by TheMadEph
Fri Jul 12, 2019 5:25 pm
Forum: Personal Investments
Topic: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds
Replies: 43
Views: 2851

Re: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds

My worldview is similar to OP's and I considered investing in an ESG fund, but decided not to. I think the one financial reason i can see for sticking with broader index keeping these types of companies in it is the "Altria" resolution - i.e. regulation increases, taxes increase, number of smokers ...
by TheMadEph
Fri Jul 12, 2019 4:23 pm
Forum: Personal Investments
Topic: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds
Replies: 43
Views: 2851

Re: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds

Interested in thoughts on what I am not properly weighing. The market already knows that and prices these things accordingly. It's a market timing call (and you are likely wrong on timing no matter what). You also aren't taking into account that a lot of companies you'd likely end up excluding are ...
by TheMadEph
Fri Jul 12, 2019 3:57 pm
Forum: Personal Investments
Topic: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds
Replies: 43
Views: 2851

Re: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds

I don't think this is about choosing companies/choosing renewable sources. I view this as trying to avoid something which (as I said) appears to be on the decline generally. So it is about two theses: my overall investing thesis is that it is unlikely that my carbon intensive investing thesis is com...
by TheMadEph
Fri Jul 12, 2019 2:09 pm
Forum: Personal Investments
Topic: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds
Replies: 43
Views: 2851

Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds

Probably a little late to this game, but I didn't see very many posts about this topic, and looking for some counter-arguments. Besides a slightly higher cost (which is unfortunate), it seems like ETFs which exclude either fossil fuel reserves or carbon intensive industries or both from the otherwis...
by TheMadEph
Thu Jul 11, 2019 12:45 pm
Forum: Personal Consumer Issues
Topic: Drive to Olympic National Park from Midwest
Replies: 26
Views: 2408

Re: Drive to Olympic National Park from Midwest

Recommend on the way there taking highway 20 through Washington to see cascade national park. From there continue the drive on 20 to coupeville on whidbey island to take the ferry to port Townsend in order to reach the peninsula/Olympic national park. This route will take you over deception pass wh...
by TheMadEph
Fri Jun 21, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 18643

Re: what was your worst major purchase mine is a 2019 mazda3

Undergrad and dental school for ex-wife. $300k down the tubes for me. Pretty sure cash-flowing current wife's undergrad (2 more semesters) is going to be a better long-term purchase/investment. I don't mean to be flippant, but are you doing the same thing with the current wife that you did with the...
by TheMadEph
Fri Jun 21, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 18643

Re: what was your worst major purchase mine is a 2019 mazda3

Fancy Vespa so DW and I could ride together, skip ferry lines, and not drive a car. Cost like $8000. Finally donated it to charity w/ less than a 1000 miles on it, for $3300. Never used it like we thought, in part because we got a dog shortly thereafter and wanted to bring dog with us most places. W...
by TheMadEph
Tue Jun 18, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta
Replies: 82
Views: 7719

Re: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta

I vote with the majority for Vancouver, WA. Great tax arbitrage, PNW winters are dark it is true, but Hawaii is "close" (or at least easy). Plus, much better location for mitigating climate change effects than Georgia or California. Now the earthquake on the other hand..... If you/spouse have family...
by TheMadEph
Wed Jun 05, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 10252

Re: Low ball offer to buy my useless land, take it or leave it?

i like the goat idea. Or put it into a conservation easement?
by TheMadEph
Wed Jun 05, 2019 2:55 pm
Forum: Personal Investments
Topic: Has anyone recently transferred shares from Computershare to Vanguard?
Replies: 27
Views: 4213

Re: Has anyone recently transferred shares from Computershare to Vanguard?

I did it to Vanguard about 2 years ago, and it was a bit of a hassle. I had to have a couple of phone calls with Computershare and they were not very efficient or effective. Lost all of the data on cost basis of course, so will have to eventually donate all of those shares to the DAF probably. But s...
by TheMadEph
Wed May 29, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 18664

Re: Fun paid jobs after FIRE

There are no "jobs" after FIRE. If you have a job, you aren't FIRE'd. Sure, you can have one or many hobbies. If your idea of a hobby is to put on a fancy red vest and play the "expert" at ACE, then more power to you! :beer Many people don't agree with this. For many, FIRE means you have the freedo...
by TheMadEph
Tue May 28, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 80
Views: 11141

Re: “Upsizing” are we foolish?

What about getting a country house/vacation house if you are feeling cramped? Buy one a few hours away if you think you will use it enough. I don't know if you guys travel a bunch, but if you are feeling cramped in normal everyday life, a weekend house could be a good compromise (especially if that ...
by TheMadEph
Thu May 23, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: Why it doesn't matter if Tesla survives
Replies: 21
Views: 2114

Re: Why it doesn't matter if Tesla survives

If Tesla goes ker-flush, the only people who'd care are Musk/ Tesla fan boys (who are also stock holders). I was never impressed with Elon Musk, unlike his fan-boy entourage. People seem to think he's a modern-day Edison. Yet, Elon Musk has not invented anything. Ever. His primary claim to riches a...
by TheMadEph
Wed May 22, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my student loans early?
Replies: 22
Views: 2355

Re: Should I pay off my student loans early?

I would not pay off anything early if I weren't already maxing out tax-advantaged retirement accounts including Roth, 401k, and HSA. If you're doing all of that then sure, why not go ahead and pay it off? +1 I am on board as long as you are contributing the maximum to retirement accounts first. Oth...
by TheMadEph
Tue May 21, 2019 5:02 pm
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 6109

Re: Is an emergency just mental accounting?

Yes, the average American doesn't have an after-tax brokerage account. Says who? The average AGI (adjusted) in Oregon is $57,000 and Portland is HCOL. How then is it possible to max out all retirement vehicles? We make more than that and I still couldn't max out everything. We're in a southeastern ...
by TheMadEph
Fri May 17, 2019 3:58 pm
Forum: Personal Consumer Issues
Topic: $ Decisions: environmental, save the planet, organic, etc
Replies: 32
Views: 2069

Re: $ Decisions: environmental, save the planet, organic, etc

A few principles I'm trying to apply to my life: Buy less and buy used. I try very hard these days to only buy things which are practical (it is hard for me because I love art) and that I know I will use. Instead of asking if you should get A or B, maybe ask if you should get neither. Same thing fo...
by TheMadEph
Fri May 17, 2019 12:20 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6438

Re: Guidance on choosing between UMich and Brown

Probably a toss up academics wise with slight edge to Brown (i.e. Brown overall stronger in academics, Mich stronger in CS specifically). But social fit i think is much more important - sibling of mine went to Brown, and loved it. Also, if the son wants to go into finance, Brown is better for connec...
by TheMadEph
Tue May 14, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: Mosquito control in Central Va
Replies: 23
Views: 2104

Re: Mosquito control in Central Va

In our area we have wetlands with large areas of standing water. We have tried everything under the sun to control mosquitos. The most effective method I have found so far is remarkably simple: https://www.nytimes.com/2013/07/16/science/a-low-tech-mosquito-deterrent.html We have a large fan on our ...
by TheMadEph
Fri May 03, 2019 4:33 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 6357

Re: Short BYND? (beyond meat, IPO today)

Completely agree on a personal level about preferring farmers market - so I am not about to start eating those things (but of course I also don't eat the heavily processed beef burgers at McDonalds either, so i was never their target market probably). But its an investing board, so I was trying to r...
by TheMadEph
Fri May 03, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Boat close enough to the dock? Career transition question
Replies: 10
Views: 1390

Re: Boat close enough to the dock? Career transition question

That's a great salary for family medicine physician. Is that VA/Government position - i am guessing because of the 5 year pension. If so, and spouse is continuing to be happy with work after first kid, then I count her position as super super secure and would be comfortable dropping out of the consu...
by TheMadEph
Fri May 03, 2019 3:36 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 6357

Re: Short BYND? (beyond meat, IPO today)

I eat meat 2-3 times a week. I eat it for health reasons. I also eat eggs regularly as well as fish. My goal is healthy and these burgers make no sense to me at all. That’s the thing, if you want burger shaped patties to taste like beef, tons of chemical garbage needs to be added making the product...
by TheMadEph
Thu May 02, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Getting Laid off
Replies: 34
Views: 4953

Re: Need Advice - Getting Laid off

Network, try and find a new job, and if unsuccessful , I would contact a lawyer and then the HR department and notify them that you are concerned that you were selected for layoffs due to your impending paternity leave. It is entirely possible that you might be able to negotiate a better package at...
by TheMadEph
Thu May 02, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Getting Laid off
Replies: 34
Views: 4953

Re: Need Advice - Getting Laid off

Consensus is certainly to take the paternity leave now, which I agree with. I think there may be room for a more aggressive approach, however, that you could use if (and I, personally, would say only if) you are unable to find a job by the time the layoffs actually come. How do you know that you wer...
by TheMadEph
Thu May 02, 2019 1:34 pm
Forum: Personal Investments
Topic: 403b into Roth IRA post residency
Replies: 6
Views: 557

Re: 403b into Roth IRA post residency

Hi, During residency I accumulated quite a bit in a 403b between my employer contributions and my own. I've recently given thought to transferring these 403b funds into a Roth IRA. I have already opened and funded a Roth IRA at Charles Schwab. Is this wise? We should be below the Roth IRA income li...