Search found 37 matches

by potatopancake
Sat Oct 03, 2020 2:08 pm
Forum: Investing - Theory, News & General
Topic: [President tests positive for COVID-19 - market impacts]
Replies: 157
Views: 15928

Re: [President tests positive for COVID-19 - market impacts]

In the long term, this will mean nothing for the stock market. However, I am holding on any investments until after the election.
by potatopancake
Wed Sep 23, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Physicians: Should I leave my job?
Replies: 207
Views: 16134

Re: Physicians: Should I leave my job?

Comparing foreign doctors to US doctors is an apples to oranges comparison in that 1) most medical schools outside the US cost nothing or pennies on the dollar compared to US schools and 2) malpractice lawsuits are almost unheard of outside the US. By this logic, should doctors have their salaries ...
by potatopancake
Tue Sep 22, 2020 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Physicians: Should I leave my job?
Replies: 207
Views: 16134

Re: Physicians: Should I leave my job?

Reviewing your posts, I would relocate as soon as possible. You don't like your geography. The market is saturated and will become worse in the next few years (3 - 5). Now is the best time to find your long-term position.
by potatopancake
Tue Sep 22, 2020 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Physicians: Should I leave my job?
Replies: 207
Views: 16134

Re: Physicians: Should I leave my job?

How expensive will it be to go out on your own? I would seriously consider it. You will be your own boss. No partnership track. You have done very well already and are willing to take high-paying, rural jobs which are not going away.
by potatopancake
Mon Sep 21, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5517

Re: Challenging a physician's bill

What you are describing is illegal price fixing. No one involved deserves a pass. It's fraud to charge uninsured patients less than $525 but not fraud to charge the insurer less than $525? Give me a break. If physicians were really suffering a net harm from the insurance practices, they could use t...
by potatopancake
Mon Sep 21, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5517

Re: Challenging a physician's bill

Godot wrote: Sun Sep 20, 2020 3:54 pm I’m a 61-year old man. No DRE, no testing of reflexes, etc..
Did you want a DRE? That may be a first.
by potatopancake
Fri Sep 18, 2020 8:26 am
Forum: Personal Investments
Topic: Thoughts about Leveraged ETF's
Replies: 20
Views: 1406

Re: Thoughts about Leveraged ETF's

Therefore I am looking to place a little money in high risk/ high reward investments. Good thoughts from vineviz above but to flesh it out a bit more, while UPRO is high risk, I don't know that I would call it high reward. This thread's 1st post has a TON of great info on these funds, and actual wa...
by potatopancake
Thu Sep 03, 2020 8:56 am
Forum: Personal Finance (Not Investing)
Topic: College financial advice for undecided rising high school senior
Replies: 71
Views: 3931

Re: College financial advice for undecided rising high school senior

She definitely has a lot to think about. From reading everyone’s unique experiences and trajectories, it is heartening to note that there are several ways to approach this, with merits to each approach. Grateful for everyone’s thoughts. I went to UR for my BS and attended medical school. UR is a fa...
by potatopancake
Mon Aug 10, 2020 7:02 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6799
Views: 653767

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Yeh, the issue was I was re-balancing monthly. Quarterly makes a big difference. I actually came across this strategy elsewhere when I first started using it last year, and there was less emphasis on a specific re-balancing frequency. The emphasis was on vigilantly maintaining the ratio to avoid ge...
by potatopancake
Mon Jul 20, 2020 2:52 am
Forum: Personal Finance (Not Investing)
Topic: $359k in med school debt; advice for family member
Replies: 101
Views: 7233

Re: $359k in med school debt; advice for family member

Debt:income ratio is >1. There is a significant difference between making $150k and $250k with >$350k debt. For the family making $150k: net income ~$9,500/mo. Option 1: Forgiveness in 25 years Subtract $471 mo student debt payment. $9,000/mo for savings, college funds, healthcare, living expenses, ...
by potatopancake
Fri Jun 19, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10602

Re: A cautionary tale about pensions and wages

With the amount of debt, years of training, and low pay during residency, physician pay should not be decreased. A family medicine doctor in 2019, on average, generates 2.1 million dollars for their hospital system and earns, on average, total compensation of $247,000 (incl. benefits and bonus). Thi...
by potatopancake
Fri Jun 12, 2020 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Buy or Rent / Move or Stay (NJ/PA)
Replies: 10
Views: 975

Re: Buy or Rent / Move or Stay (NJ/PA)

[*]Should we move now or wait until next summer? (son will begin school in Fall 2021) [*]Should we buy (withdrawing funds from retirement for down-payment) or rent near the school or buy or rent across the border in Yardley, PA which is a longer drive in heavy traffic (30-45 in rush hour) but cheap...
by potatopancake
Sat Jun 06, 2020 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Lost my job yesterday
Replies: 68
Views: 11964

Re: Lost my job yesterday

AFAIK, hospital pharmacy positions normally require residency-level training.
by potatopancake
Sun May 24, 2020 6:32 pm
Forum: Personal Investments
Topic: $250,000 Debt, High-Income Potential, beginner starting from ZERO
Replies: 58
Views: 8245

Re: $250,000 Debt, High-Income Potential, beginner starting from ZERO

Is there data about the value of LTDI during residency? I'm considering it. However, I have received advice from multiple attendings about getting insured the final year of residency, not sooner (ie, pgy-1).
by potatopancake
Sat May 23, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Medical school student loan calculations
Replies: 26
Views: 1677

Re: Medical school student loan calculations

Yes the 5-year residency length I chose due to an interest in Urology. I have some previous research and mentors in the field, so it would be easier to continue on this path if I so choose in med school. I am keeping an open mind though. Also have a SO I have been with for 4 years now with whom I h...
by potatopancake
Sat May 23, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Medical school student loan calculations
Replies: 26
Views: 1677

Re: Medical school student loan calculations

Residency: let's assume a salary of $75k per year. Take-home is probably less from cost of living, 401k? I know interest also compounds now, so my new "principal" will be $219,350. What does the math look like at this stage? Attending: let's say I make a starting salary of $300k per year....
by potatopancake
Mon May 18, 2020 11:10 am
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 549
Views: 47557

Re: College in fall

I have noticed this as well. Delayed adolescence is increasingly common in my environment. Why do we think this is the case?
by potatopancake
Sun May 17, 2020 5:26 am
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6622

Re: Healthcare post COVID-19

Total agreement with the above post. The existence of dermatology certified NPs is proof that the system is changing unfavorably for physicians. Dermatology is the most competitive non-surgical field for medical students. It is a four year residency program and the majority (~66%) took an additional...
by potatopancake
Thu Apr 23, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10386

Re: physician/APC pay cuts

Sconie wrote: Thu Apr 23, 2020 12:40 pm Just wondering-----it was not clear to me-------are you employed by a profit or a non-profit hospital system?
There is little difference between profit and non-profit hospitals, minus the tax-filing implications.
by potatopancake
Thu Apr 23, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10386

Re: physician/APC pay cuts

Hard pass on the voluntary pay cut. Have they ever offered a voluntary pay increase after an exceptional year? The hospital will never make any money if they lose their physicians.
by potatopancake
Tue Apr 07, 2020 6:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834811

Re: U.S. stocks continue to soar!

The vaccine, if there is ever one is about a year off. Do you think people are going to risk their lives sitting together in restaurants and bars and concerts until then? Do you think people are going to pack into planes and buses and movie theatres? Do you think it's just going to be life as usual...
by potatopancake
Mon Apr 06, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: Predictions for the next 6 months (spoiler: interest rates will rise)
Replies: 46
Views: 2867

Re: Predictions for the next 6 months (spoiler: interest rates will rise)

Pick your poison: herd immunity is reached through natural spread of disease causing millions of deaths ore we socially distance ourselves into a vaccine is ready. This is an 18 month plan. We will be back to normal by 2022 and I am not placing bets on a timeline before that day. Most people will ge...
by potatopancake
Mon Apr 06, 2020 9:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834811

Re: U.S. stocks continue to soar!

There is no meaning to the news any longer. The market is going to continue going up and now is as good a time as ever to invest. Look at today, the SP futures are up, hours after Boris Johnson is admitted to the ICU. A world leader may die and the stock market does not care. This was unexpected and...
by potatopancake
Sat Apr 04, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21919

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

CONFIRMED case fatality rate to-date. There are so many flaws in that statistic I don't know where to start. That's Total deaths/Total confirmed cases. The correct way to calculate is total deaths/total completed cases (including all confirmed and unconfirmed real cases). That's nearly impossible t...
by potatopancake
Wed Apr 01, 2020 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity loan to finance medical school
Replies: 2
Views: 331

Re: Home equity loan to finance medical school

My parents offered to do this when I entered med school. I strongly considered it before deciding to take out the federal student loans. I would encourage you to take out direct loans. There are favorable repayment plans during residency. Any surgical subsp. will be able to crush those loans quick. ...
by potatopancake
Wed Apr 01, 2020 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 8915

Re: College choice dilemma

Vanderbilt is an excellent choice and will serve well for engineering. Princeton will sound more impressive for friends and feed the ego.

Can you make this monetary difference real for your son by offering him a stipend every year or depositing money into his retirement account?
by potatopancake
Wed Apr 01, 2020 11:33 pm
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21919

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

CONFIRMED case fatality rate to-date. There are so many flaws in that statistic I don't know where to start. That's Total deaths/Total confirmed cases. The correct way to calculate is total deaths/total completed cases (including all confirmed and unconfirmed real cases). That's nearly impossible t...
by potatopancake
Sun Mar 29, 2020 9:52 am
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21919

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

Your hypothetical is one of extreme pessimism. At a mortality rate of 1%, which is a fair estimate for the disease, your estimate of 100k dead would require 10M infections. At present, there are only 680k infections worldwide. There are ~120k confirmed cases in the US. Unabated, the virus doubles e...
by potatopancake
Sat Mar 28, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: Why would any investor ever even consider a leveraged fund?
Replies: 17
Views: 1526

Re: Why would any investor ever even consider a leveraged fund?

There are over 150 pages of discussion this topic based on HEDGEFUNDIE's UPRO/TMF investment.

viewtopic.php?f=10&t=272007
by potatopancake
Thu Mar 26, 2020 10:23 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 65004

Re: So bottom is probably behind us....right?

OK, replace weeks with months. Shut down non-essential business for 6 months. Let's say half the economy. Worldwide. And Corona persists, ebbs and flows. Terrible for earnings, but life goes on. I'm wondering how that translates into a permanent global loss on the scale being suggested. Oh, I think...
by potatopancake
Thu Mar 26, 2020 10:10 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 65004

Re: So bottom is probably behind us....right?

Now assume that what you saw turns out to be temporary - like the tourist town in the off season, or shutting down to go on vacation together for a few weeks. Would that change your view at all? I'm playing Devil's advocate here, but I'm still unable to reconcile 'shutting down for a while' with '2...
by potatopancake
Thu Mar 26, 2020 10:07 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 65004

Re: So bottom is probably behind us....right?

The market has went through the shock and awe response and now we are waiting for the drip, drip, drip deterioration of unemployment, further and worsening cases/deaths, and a longer quarantine [and no, Coachella is not rescheduled for Easter Day]. We haven't priced in the the psychological pain of ...
by potatopancake
Tue Mar 24, 2020 10:13 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6799
Views: 653767

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Still up 30% vs. -28% for the S&P 500. Rebalance due next week.... right on time for the stimulus package, and infection rates to taper off. Buckle up boys and girls... UPRO is about to blast off! Virus grows at an exponential rate and has continued to do so through the "lockdowns", n...
by potatopancake
Thu Feb 06, 2020 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Medical Devices or Data Science/Machine Learning
Replies: 30
Views: 1763

Re: Career Advice: Medical Devices or Data Science/Machine Learning

Thank you! Medical device route: Greatest interests probably in product development. I've pretty strongly considered sales, and heard having a PhD can definitely benefit sales (both for having the degree and for having additional technical background). I'd love to hear your experience on some of th...
by potatopancake
Thu Feb 06, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Medical Devices or Data Science/Machine Learning
Replies: 30
Views: 1763

Re: Career Advice: Medical Devices or Data Science/Machine Learning

You are considering some good options. Congrats on the PhD! Can you clarify the medical device route? I am familiar with medical device sales and this can be a flexible career that will allow you family time and the ability to live somewhere close to the outdoors. You mention a bubble for data scien...
by potatopancake
Mon Dec 30, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Optimal Career Path: Investment Banker vs Management Consultant vs Software Engineer vs Doctor vs Lawyer
Replies: 46
Views: 5264

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

I have a few points to make: 1. dermatology is a four year residency. the majority of docs do not become dermatologists. the base salary for this profession, following residency, is 200k. Many specialists making 400k+. 2. Consider the floor and ceiling of other fields. Law will make a good salary in...