Search found 37 matches

by Demisaba
Tue Jul 30, 2019 4:29 am
Forum: Investing - Theory, News & General
Topic: Taxes from Investing in a Taxable Account
Replies: 4
Views: 870

Taxes from Investing in a Taxable Account

I am trying to understand the tax implications of withdrawing money from my taxable account. Say I invested $100 in a taxable account two years ago and I invested additional $100 six months ago. This grew to $250 combined. Now I want to withdraw $110. How much tax will I pay, if any? Assume I am in ...
by Demisaba
Sun Jul 28, 2019 6:23 pm
Forum: Personal Investments
Topic: Finally wrote our Investment Policy Statement - please critique
Replies: 27
Views: 2275

Re: Finally wrote our Investment Policy Statement - please critique

It is a very informative post.

Please update the original post to reflect the recommendations you agreed with, if any.
by Demisaba
Sat Jul 27, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Caught in Between Insurance and Airlift Company
Replies: 21
Views: 1882

Re: Caught in Between Insurance and Airlift Company

Did the contract he signed give any estimate for the total cost? No Did the insurance company request an estimate? I don't think so (not sure) but John has a preapproval to be airlifted and he forwarded that to the airline before the airlift. Did they get involved in the selection/contracting of th...
by Demisaba
Sat Jul 27, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Caught in Between Insurance and Airlift Company
Replies: 21
Views: 1882

Re: Caught in Between Insurance and Airlift Company

I would be concerned that the airlift company may balance bill for any amount that the insurance company doesn't cover. You may live in a state that prohibits this, but I'm not sure how that works if the provider is out of state or even out of country as the case may be here. So at this point the a...
by Demisaba
Sat Jul 27, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Caught in Between Insurance and Airlift Company
Replies: 21
Views: 1882

Re: Caught in Between Insurance and Airlift Company

stlutz wrote: Sat Jul 27, 2019 2:50 pm Is this his regular health insurance policy or a travel insurance policy?
Regular. Buy he was approved to be lifted beforehand.
by Demisaba
Sat Jul 27, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Caught in Between Insurance and Airlift Company
Replies: 21
Views: 1882

Re: Caught in Between Insurance and Airlift Company

John tells me the quote he got from multiple airlines was between $20K and $30K, and he thought that was the total amount. In a closer look at the fine prints, the $21K is designated as a "retainer fee". John said he did not read the fine prints when he signed and I don't blame him given t...
by Demisaba
Sat Jul 27, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Caught in Between Insurance and Airlift Company
Replies: 21
Views: 1882

Re: Caught in Between Insurance and Airlift Company

Out of curiosity, what type of flight was required that is costing 500k? Private plane from Far off location to the US with full medical staff? Yes. From the Caribbean's to a US hospital with medical staff (a nurse and her assistant). The insurance thinks $500K is too much. It says the cost should ...
by Demisaba
Sat Jul 27, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Caught in Between Insurance and Airlift Company
Replies: 21
Views: 1882

Re: Caught in between

Hypersion wrote: Sat Jul 27, 2019 1:25 pm Do you have proof that any of this happens sounds like a scam or something.
Yes I have the proofs. I have seen the receipts for the $21K, email communications and phone calls for the $500K.
by Demisaba
Sat Jul 27, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Caught in Between Insurance and Airlift Company
Replies: 21
Views: 1882

Re: Caught in between

I’m struggling to follow but it sounds like the airline and insurance are still in talks and this situation isn’t settled. Is it looking like John will get his $21K back eventually, just not in time to pay back the friend? If so, I don’t know what terms the loan was made with but I think the friend...
by Demisaba
Sat Jul 27, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Caught in Between Insurance and Airlift Company
Replies: 21
Views: 1882

Re: Caught in between

Hi, you might get some (more) response if you clarify in the subject what John is "Caught in between" of. As it stands now, it seems cryptic (at least to me). Maybe "Caught in Between Insurance and Airlift Company" or some such. To edit your subject, look for the pencil icon in ...
by Demisaba
Sat Jul 27, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Caught in Between Insurance and Airlift Company
Replies: 21
Views: 1882

Caught in Between Insurance and Airlift Company

I have a family member, John, who is caught in between two parties. John was in an accident while on a vacation overseas and he got airlifted. [He has recovered now.] He paid the airline a retainer fee of $21K. He borrowed it from his friend. His insurance company told him he will have zero out of p...
by Demisaba
Thu Jul 18, 2019 7:39 pm
Forum: Personal Consumer Issues
Topic: Looking for new laptop
Replies: 26
Views: 3016

Re: Looking for new laptop

I just helped my girlfriend buy HP Spectre x360 13t for $959. Intel i5, 8GB RAM, and 512 GB SSD. One of the lightest laptops on the market.

I have this same laptop for over a year now with a much better spec. I needed a faster laptop for data crunching. And I paid more than 50% more at the time.
by Demisaba
Thu Jul 18, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 4258

Re: How unpleasant is the home buying/selling experience??

Thank you everyone!!! It looks like option 2 is the winner with some caveats. Some suggested we should rent for some MORE years. Unfortunately, renting is getting old. Relatedly, some suggested that it is impractical to plan that far into the future. I don't have a clear answer to this. The only thi...
by Demisaba
Wed Jul 17, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 4258

How unpleasant is the home buying/selling experience??

Me and my girlfriend plan to buy our first home next summer and we are thinking about going with one of the two options. [We will be buying after we get married.] Option 1 involves buying => selling => buying. Option 2 cuts the first two. Option 1) a starter home for about $350k. It will be near or ...
by Demisaba
Wed Jul 10, 2019 7:42 am
Forum: Investing - Theory, News & General
Topic: De-Risking and Diversification aren't the same thing.
Replies: 106
Views: 11055

Re: De-Risking and Diversification aren't the same thing.

OP has a good point but s/he is restating two results in modern portfolio theory. In modern portfolio theory, investors make two decisions: (1) the composition of risky assets, i.e. the weights of the risky asset portfolio, that will make up the optimal portfolio. and (2) the composition of this opt...
by Demisaba
Tue Jul 09, 2019 7:21 pm
Forum: Personal Consumer Issues
Topic: (Tall) Buyer Beware: Honda Accord.
Replies: 77
Views: 11540

Re: (Tall) Buyer Beware: Honda Accord.

A related problem.

When I set my seat down to the bottom and out, I get just enough leg room. BUT THE STEERING WHEEL DOESN'T TELESCOPE OUT ENOUGH!!!
by Demisaba
Sun Jul 07, 2019 1:28 pm
Forum: Personal Investments
Topic: Retiree with no retirement accounts
Replies: 34
Views: 4857

Re: Retiree with no retirement accounts

If you are helping her now AND plan to help her until the end, then 1) the $250K is your money (and invest it according to your risk tolerance) AND 2) she is your dependent (and plan her living arrangement as such.) This seems to work in most other cultures.
by Demisaba
Sat Jul 06, 2019 7:09 pm
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 55
Views: 4789

Re: How to avoid industries I do not want to invest in?

You can avoid industries that you dislike by investing in sector ETFs.
by Demisaba
Tue Jul 02, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Where to park $50K for highest possible return but zero risk?
Replies: 32
Views: 6931

Where to park $50K for highest possible return but zero risk?

Two requirements. (1) zero or near-zero risk, (2) highest possible return given (1). What are your suggestions? As always, thanks! Edit: over 5 years investment time horizon. Edit #2: Thank you all for the suggestions. All are very helpful. [A clarification is in order. I am okey with some risk e.g....
by Demisaba
Wed Jun 26, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]
Replies: 17
Views: 4047

Re: Salaries at FQHC | Any physicians here?

This is your girlfriends decision. She almost certainly knew the salary would be lower in this clinic when she signed the contract and has probably thought about it. She may/may not value your opinion on the topic — tread carefully. Fair point and you are right it is her decision. But to give you a...
by Demisaba
Wed Jun 26, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]
Replies: 17
Views: 4047

Re: Salaries at FQHC | Any physicians here?

I would look in to the math of breaking the contract too. If she can come out ahead and build a panel of patients that have insurance and support an appropriate salary it makes more sense to start that process now instead of in 4 years or however long they expect her to be paid at 2nd percentile wa...
by Demisaba
Wed Jun 26, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]
Replies: 17
Views: 4047

Re: Salaries at FQHC | Any physicians here?

jayk238 wrote: Wed Jun 26, 2019 5:02 pm There are restrictions on pay afaik
Could you please elaborate? This is getting interesting. I guess I will just need to read the whole legal document she signed.
by Demisaba
Wed Jun 26, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]
Replies: 17
Views: 4047

Re: Salaries at FQHC | Any physicians here?

Primary care at FQHC will be about 110-150K for 1.0 FTE. I know a few people working at FQHC's and those that share their salary it is ~115K starting out (in an urban setting). Typically won't break even with loan repayment but if she wants to work with that patient population it couldn't hurt. Oh ...
by Demisaba
Tue Jun 25, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]
Replies: 17
Views: 4047

Re: Salaries at FQHC | Any physicians here?

Primary Care Physician here, Is this scholarship program through the NHSC? Unfortunately, she should expect a much lower salary offer than her peers heading into hospital owned or private practice. There really is no free lunch. Last I checked numbers ranged anywhere from $150,000-$180,000 for most...
by Demisaba
Tue Jun 25, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]
Replies: 17
Views: 4047

Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]

My girlfriend is starting her last year of residency in internal medicine and has a contract with HRSA as part of a loan repayment program. She will need to work in clinics with HPSA scores of 14 or higher, like federally qualified health centers. What is the salary range at these places compared to...
by Demisaba
Fri Jun 21, 2019 7:44 pm
Forum: Investing - Theory, News & General
Topic: Volatility Managed Portfolio
Replies: 15
Views: 1874

Re: Volatility Managed Portfolio

Please see this article before you do anything crazy

https://papers.ssrn.com/sol3/papers.cfm ... id=3357038
by Demisaba
Thu Jun 13, 2019 11:28 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 11641

Re: The Case Against ETFs

The only scary scenario I see is this:

If Authorized Participants decide to stay in the sidelines when there is a price dislocation between ETF shares and their NAV.

Source: In a previous life, I used to design and bring new ETFs to the market.
by Demisaba
Wed Jun 12, 2019 8:18 pm
Forum: Personal Investments
Topic: Investing in startups
Replies: 1
Views: 383

Investing in startups

How does the mechanics of investing work in startups? These firms are not traded in the secondary market, so they are not available in the trading platforms provided by, say, Vanguard or Schwab. I know there are some SEC requirements to invest in startups. Assume one meets these requirements. Thanks!
by Demisaba
Sun Jun 09, 2019 1:31 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 16808

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

You can definitely afford it.

But, if I were you, I will move in two steps. First I will buy a car at about $100k. Then, after a few years, if I really enjoy cars and become a "car person," I will buy a $250k or whatever pleases me at that point.
by Demisaba
Sat Jun 08, 2019 7:59 pm
Forum: Personal Investments
Topic: Brokerage Account for Small Business
Replies: 4
Views: 392

Re: Brokerage Account for Small Business

Thanks for the response but he really wants to keep the investment under his business' name. There are a wide variety of retirement accounts that are available for small business (Simple IRA, SEP IRA, Individual and Roth 401K. etc) at most brokers. Many brokers would not open a brokerage taxable acc...
by Demisaba
Sat Jun 08, 2019 6:07 pm
Forum: Personal Investments
Topic: Brokerage Account for Small Business
Replies: 4
Views: 392

Brokerage Account for Small Business

My brother is a small business owner and he wants to invest some of the extra cash his business generates every month. He doesn't want to invest it in his own personal brokerage account.

Q.

Can he open a brokerage (fidelity, e-trade, Vanguard, etc.) account FOR HIS BUSINESS?
by Demisaba
Sat Jun 08, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 2302

Re: How to start outsourcing?

+1 on the personal trainer and cleaner.
by Demisaba
Mon Jun 03, 2019 12:15 am
Forum: Personal Finance (Not Investing)
Topic: any other post-docs on here? (or former post-docs?)
Replies: 51
Views: 6355

Re: any other post-docs on here? (or former post-docs?)

Dropped out of a technical field PhD program and joined a business PhD program. The best financial decision I made. Started over $200k fresh out of school as a tenure track assistant professor. No post doc needed. See compensation survey here. https://www.aacsb.edu/publications/datareports/staff-com...
by Demisaba
Tue May 14, 2019 7:14 pm
Forum: Personal Investments
Topic: Saving $100K/year .... Portfolio Review
Replies: 5
Views: 2042

Re: Saving $100K/year .... Portfolio Review

lakpr
MotoTrojan
drakintson

All very helpful comments. Thank you for your input!!!

MotoTrojan - state employees at in some states don't contribute to SS, hence a larger 401k limit plus 403b and 457 options.
by Demisaba
Mon May 13, 2019 7:35 pm
Forum: Personal Investments
Topic: Saving $100K/year .... Portfolio Review
Replies: 5
Views: 2042

Saving $100K/year .... Portfolio Review

I was hoping to solicit some portfolio advice. - Emergency Fund: $0 (I plan to tap in to my 457 or taxable account if I have to) - Debt: $0 - Tax Filing: Single (This may change in 2 years.) - Tax Rate: 32% / 7.3% - State of Residence: OH - Age: 37 - Desired Asset Allocation: Not sure. See below. Cu...
by Demisaba
Mon May 13, 2019 10:47 am
Forum: Investing - Theory, News & General
Topic: BH's Philosophy is Stephen Ross's Two Fund Separation Theorem
Replies: 2
Views: 684

BH's Philosophy is Stephen Ross's Two Fund Separation Theorem

I just realized that BH three fund portfolio principle is based on Stephen Ross's 1978 paper "Mutual fund separation in financial theory—The separating distributions" https://www.sciencedirect.com/science/article/pii/002205317890073X It appears Ross gave a more thorough analysis of the ini...