Search found 239 matches

by calvin+hobbes
Sun Mar 07, 2021 5:05 pm
Forum: Personal Investments
Topic: Roast me! ER doctor portfolio
Replies: 119
Views: 11929

Re: Roast me! ER doctor portfolio

Well I think when you plug in spousal income and significant taxable contributions, plus minimal debt and down payment help, it all makes sense just fine. Can we stop accusing OP of exaggerating yet? OP, you are already financially independent so it depends on what you’d like to accomplish legacy-wi...
by calvin+hobbes
Sun Mar 07, 2021 7:44 am
Forum: Personal Investments
Topic: Roast me! ER doctor portfolio
Replies: 119
Views: 11929

Re: Roast me! ER doctor portfolio

For someone whose hobby is optimizing a portfolio, there sure seems to be very little thought out towards the end goal. It’s fine if you want to keep working, but to avoid thinking about it entirely smells of cognitive dissonance. I didn’t see the answer to combined HHI. How much is going in to taxa...
by calvin+hobbes
Sun Mar 07, 2021 6:24 am
Forum: Investing - Theory, News & General
Topic: Tracking my ARK / Bitcoin - non-Boglehead portfolio
Replies: 175
Views: 14026

Re: Tracking my ARK / Bitcoin - non-Boglehead portfolio

How are we doing? Do ARK funds still comprise 39% of your portfolio? In the original post you had it at 36%. I may have missed it somewhere but do you have a rebalancing plan in place? Does nee money do ow in at your original allocation? I appreciated your original post and the opportunity to follow...
by calvin+hobbes
Sat Mar 06, 2021 8:06 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22425
Views: 2967189

Re: U.S. stocks in free fall

I'm embarrassed to admit.... I had no idea how far below present prices SP500 at 3,000 is. I'm not sure what that implies. S&P closed at 3,841.94 at Friday, 3/5/21. A fall to 3,000 implies a decline of almost 22% from Friday's close. Sorry, that's not what I meant. Of course the math is trivial...
by calvin+hobbes
Sat Mar 06, 2021 7:27 am
Forum: Investing - Theory, News & General
Topic: Declines in stocks do not occur in a vacuum
Replies: 54
Views: 4370

Re: Declines in stocks do not occur in a vacuum

Entirely agree. For the market to drop, people have to sell. It's easy to claim you'd never sell during a market drop in a vacuum: Q: "Would you sell your equities if the stock market dropped 30% in one day?" Most would say "No! Of course it'll go back up!" But for the market to...
by calvin+hobbes
Sat Mar 06, 2021 6:31 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22425
Views: 2967189

Re: U.S. stocks in free fall

2% 10-yr yield = S&P 500 below 3,000. You said you would not post in this thread again after your failed “official” prediction. But, its ok. :sharebeer Do the permabears ever get tired of being wrong? Most bears disappear. Forester is different. He's a total troll without shame. No normal human...
by calvin+hobbes
Fri Mar 05, 2021 3:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22425
Views: 2967189

Re: U.S. stocks in free fall

Helo80 wrote: Fri Mar 05, 2021 11:31 am EyeGreping the S&P500, it looks like the YTD low was 3714... My guess is that we drop past that today or sometime soon.
Looks like you’ll have to wait a few more days.
by calvin+hobbes
Fri Mar 05, 2021 11:26 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22425
Views: 2967189

Re: U.S. stocks in free fall

Another good day to buy and finish off my quarterly taxable contribution goal a few weeks early. Hope to see you all in the soaring thread again soon.
by calvin+hobbes
Fri Mar 05, 2021 6:43 am
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 657
Views: 50299

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Why are some people assuming that people who purchase ARKk do so as a subsitute to traditonal index funds? I dont think most people holding ARKk plan to.do so more than 5 or so years. I have a little over 16k ARKK shares, and returns have be great SO FAR. ARKk can stay stagnant for the next 2 or 3 ...
by calvin+hobbes
Thu Mar 04, 2021 5:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22425
Views: 2967189

Re: U.S. stocks in free fall

Forester wrote: Thu Mar 04, 2021 12:30 pm ARKK is melting down in real time. We should see Nasdaq 8,000 this year.
Did you get a new crystal ball? Hopefully this one works better for you.
by calvin+hobbes
Thu Mar 04, 2021 2:00 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 657
Views: 50299

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Why are some people assuming that people who purchase ARKk do so as a subsitute to traditonal index funds? I dont think most people holding ARKk plan to.do so more than 5 or so years. I have a little over 16k ARKK shares, and returns have be great SO FAR. ARKk can stay stagnant for the next 2 or 3 ...
by calvin+hobbes
Thu Mar 04, 2021 7:45 am
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 163
Views: 10451

Re: How long would you back a losing horse, to Stay The Course?

Perhaps OP did did not hear the advice I did when I was learning about tilts, which was to avoid it it unless I was willing to buy and hold forever. At the same time, we may not be the same investors with the same goals that we were 10, 20 or 30 years ago. We grow as people and can grow also as inve...
by calvin+hobbes
Tue Feb 16, 2021 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31588

Re: Saving 50% of salary; what does it really mean?

My target this year is 50% of gross. Last year my goal was 40% and we hit 43%. Two W2 earners. 110k in tax deferred space, 12k in a backdoor Roth, 10k in a 529, 150k in a taxable brokerage acct (index funds). I include the company match in both numerator and denominator. Having a large shovel certai...
by calvin+hobbes
Sun Jan 31, 2021 8:47 pm
Forum: Personal Investments
Topic: 500k worth of dry powder. I made a mistake of market timing.
Replies: 137
Views: 13040

Re: 500k worth of dry powder. I made a mistake of market timing.

And this is why buy-and-hold is difficult for many investors. Their risk tolerance is high when stocks are doing great, but when stocks are doing poorly (or in the OP's case, they believe that stocks will soon have poor performance), their risk tolerance drops. The inherent problem is that risk tol...
by calvin+hobbes
Sun Jan 31, 2021 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564500

Re: Share your net worth progression

Despite the market's move downwards on Friday, we were able to break the two comma barrier with the clearing of our monthly paychecks which included a quarterly bonus. I finished medical school in 2013 with 275k in student loans, married in 2014, finished training in summer 2018. My wife started wor...
by calvin+hobbes
Sun Jan 31, 2021 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Porsche 911 as an investment....
Replies: 103
Views: 7095

Re: Talk me out of buying a Porsche 911 as an investment....

Plenty of reasonable advice here.

Looking forward to hearing an update from the OP.
by calvin+hobbes
Sun Jan 31, 2021 12:04 pm
Forum: Personal Investments
Topic: 500k worth of dry powder. I made a mistake of market timing.
Replies: 137
Views: 13040

Re: 500k worth of dry powder. I made a mistake of market timing.

And this is why buy-and-hold is difficult for many investors. Their risk tolerance is high when stocks are doing great, but when stocks are doing poorly (or in the OP's case, they believe that stocks will soon have poor performance), their risk tolerance drops. The inherent problem is that risk tol...
by calvin+hobbes
Sun Jan 31, 2021 11:38 am
Forum: Personal Investments
Topic: 500k worth of dry powder. I made a mistake of market timing.
Replies: 137
Views: 13040

Re: 500k worth of dry powder. I made a mistake of market timing.

I remember your username from prior posts. This looks like the third or fourth time you’ve started a thread with the exact same premise over the last 6 months. You asked in August if you should be investing in the market because we were within 5% of all time highs. We’re up over 10% from that time. ...
by calvin+hobbes
Sat Jan 30, 2021 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Porsche 911 as an investment....
Replies: 103
Views: 7095

Re: Talk me out of buying a Porsche 911 as an investment....

I bought a 993 C4S in the Summer. It’s been a dream to own and drive. I paid cash. Buy what you can afford to pay in cash or save up until you have enough. I would never dream of taking out Roth contributions, no matter how safe the pension. Buying a fun car and your investment portfolio are two dif...
by calvin+hobbes
Fri Jan 29, 2021 2:53 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1439
Views: 133720

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

There is no "in retrospect"...it was absolutely obvious at the time I guess I'm an idiot then because the right move was not obvious to me. The “right move” was to go defensive. That’s not the same as leaving the market but moving to a safer AA if you were aggressive would have been prude...
by calvin+hobbes
Fri Jan 29, 2021 9:26 am
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1439
Views: 133720

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

There is no "in retrospect"...it was absolutely obvious at the time I guess I'm an idiot then because the right move was not obvious to me. The “right move” was to go defensive. That’s not the same as leaving the market but moving to a safer AA if you were aggressive would have been prude...
by calvin+hobbes
Fri Jan 29, 2021 7:05 am
Forum: Investing - Theory, News & General
Topic: Is there any doubt now that we are in a bubble?
Replies: 61
Views: 4787

Re: Is there any doubt now that we are in a bubble?

WildCat48 wrote: Fri Jan 29, 2021 3:35 am I'm pretty sure this is the start of the end of the global financial system as we know it. I would expect at least an 80% drawdown in the near-term.
So what plans are you making given your level of confidence in this prediction?
by calvin+hobbes
Wed Jan 27, 2021 11:10 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1439
Views: 133720

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

There's no need for hyperbole or sarcasm. I said 'strong possibility'. One didn't need to know exactly what the market would do. But it was rather obvious to many that the weighted average of possible outcomes favored losses in stocks. If there's one area where I think that BHs are the weakest, it'...
by calvin+hobbes
Wed Jan 27, 2021 10:23 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1439
Views: 133720

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

There's no need for hyperbole or sarcasm. I said 'strong possibility'. One didn't need to know exactly what the market would do. But it was rather obvious to many that the weighted average of possible outcomes favored losses in stocks. If there's one area where I think that BHs are the weakest, it'...
by calvin+hobbes
Wed Jan 27, 2021 10:01 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1439
Views: 133720

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

I think the big danger now is that you saw an example where market timing worked for you. That doesn't make success the next time any more likely than it was this time. I have a friend who did something similar. It didn't turn out nearly as well. Well assuming we do not have another pending pandemi...
by calvin+hobbes
Sun Jan 24, 2021 10:33 am
Forum: Personal Investments
Topic: I just bought individual stocks and a lot of them.
Replies: 218
Views: 17050

Re: I just bought individual stocks and a lot of them.

“What are the holes in what I am doing?”

Is this supposed to be rhetorical?
by calvin+hobbes
Sun Jan 24, 2021 12:19 am
Forum: Personal Investments
Topic: Portfolio Advice for new Attending Physician
Replies: 24
Views: 2114

Re: Portfolio Advice for new Attending Physician

Have you looked in to refinancing those loans? WCI has a post about financial waterfalls that are a rough guide for the order in which to allocate your funds. https://www.whitecoatinvestor.com/financial-waterfalls-for-new-residents-and-attendings. Your portfolio AA plan sounds reasonable. I would ho...
by calvin+hobbes
Sat Jan 23, 2021 8:46 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 193
Views: 46618

Re: 2nd million is easier!

An enjoyable and inspiring read. I am on the doorstep of 1MM. With good habits and a decent sized shovel since 2018 when I started practicing, I would say it's been a reasonable climb. I won't be complaining if the 2nd is easier. :sharebeer
by calvin+hobbes
Mon Jan 18, 2021 4:13 pm
Forum: Investing - Theory, News & General
Topic: Tracking my ARK / Bitcoin - non-Boglehead portfolio
Replies: 175
Views: 14026

Re: Tracking my ARK / Bitcoin - non-Boglehead portfolio

Look forward to following your performance. It’s not for me, but I’m happy to live vicariously through your exercise.

Please keep us posted and good luck!
by calvin+hobbes
Tue Jan 12, 2021 4:10 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2174
Views: 261758

Re: Post your Financial Milestone Announcements Here

$400k at 33 is really impressive! You'll be at $500k in no time. The compounding beast takes over at $500k and you'll be marveled at it. I've also seen some people say compounding really starts to "work" at 100k or 1 million. Just for my understanding, the rate of compounding really is no...
by calvin+hobbes
Tue Jan 12, 2021 2:27 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2174
Views: 261758

Re: Post your Financial Milestone Announcements Here

A few days late but just noticed that my portfolio passed 300k just after the new year with my Roth IRA contribution. Total net worth is just a few thousand away from 400k. Not as impressive as a lot of the posts on here but I'm pretty pleased with it for age 33 and feel like I'm on track (target r...
by calvin+hobbes
Tue Jan 12, 2021 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: CitiBank $700 Offer
Replies: 42
Views: 7287

Re: CitiBank $700 Offer

I've done Citi bonuses before. They are worth it, but Citi is the worst bank in the world. So put your tiger underwear on. And check my post history so you can understand how to close the account without paying a service fee, gleaned from data points on the worst bank in the world. Yep, my current ...
by calvin+hobbes
Mon Jan 11, 2021 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: CitiBank $700 Offer
Replies: 42
Views: 7287

Re: CitiBank $700 Offer

I've done Citi bonuses before. They are worth it, but Citi is the worst bank in the world. So put your tiger underwear on. And check my post history so you can understand how to close the account without paying a service fee, gleaned from data points on the worst bank in the world. Yep, my current ...
by calvin+hobbes
Mon Jan 04, 2021 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564500

Re: Share your net worth progression

2020: $30,000 2021: $104,000 (23 years old) Was able to save and invest basically every penny from my first post-college job due to generous parents letting me live at home rent free while working virtually. Also got lucky investing my signing bonus at the market bottom in March. Strong work! It ma...
by calvin+hobbes
Sat Jan 02, 2021 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564500

Re: Share your net worth progression

What is the top 1% household net worth by age To be top 1% in 2020, a household needed a net worth of $11,099,166. $10,374,030 was the 1% threshold in 2017. Age Top 1% Net Worth 18-24 $435,076.59 25-29 $606,188.36 30-34 $956,944.74 35-39 $4,034,486.45 40-44 $7,909,636.79 45-49 $10,494,100.10 50-54 ...
by calvin+hobbes
Fri Jan 01, 2021 11:30 pm
Forum: Investing - Theory, News & General
Topic: New Years Financial Resolutions
Replies: 54
Views: 4345

Re: New Years Financial Resolutions

Increase savings rate to 50%. It was 43% in 2020 and 35% in 2019.

Finalize a will and estate plan. Been procrastinating on this for the last year. A work in progress.
by calvin+hobbes
Fri Jan 01, 2021 4:03 pm
Forum: Investing - Theory, News & General
Topic: The Case Against 529's
Replies: 219
Views: 12468

Re: The Case Against 529's

Striker79, Just take a step back and think this example through... What happens if you want to pay for your child’s tuition out of your 100% stocks taxable account and the stock market drops 50%? You’d be forced to sell low as well. To prevent this you would presumably have a portion of your holding...
by calvin+hobbes
Fri Jan 01, 2021 7:47 am
Forum: Personal Finance (Not Investing)
Topic: 2020 Net Worth
Replies: 111
Views: 7391

Re: 2020 Net Worth

Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year. Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed...
by calvin+hobbes
Thu Dec 31, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564500

Re: Share your net worth progression

Thank you, calvin + hobbes! After taking a few minutes to reflect, I have to attribute the progression of the last 4 years to the following: 1) Being taught at a young age, from parents, basic personal finance which resulted in always trying to save money. 2) Then I found Bogleheads in 2017, and ap...
by calvin+hobbes
Thu Dec 31, 2020 8:04 am
Forum: Personal Investments
Topic: How do you calculate savings rate and what is your annual goal?
Replies: 39
Views: 2009

Re: How do you calculate savings rate and what is your annual goal?

30.5% I added what you saved vs your income. I did not include the company match. IMO, the company match should be included in both the denominator and nominator. The rate certainly looks better if you only include it in the nominator. Person A makes 100k and saves 30k. Taxes 20k and spends the res...
by calvin+hobbes
Thu Dec 31, 2020 7:52 am
Forum: Personal Investments
Topic: How do you calculate savings rate and what is your annual goal?
Replies: 39
Views: 2009

Re: How do you calculate savings rate and what is your annual goal?

Total saved/invested/contributed, including company match, divided by total gross income, including company match.
by calvin+hobbes
Thu Dec 31, 2020 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564500

Re: Share your net worth progression

We just hit a Milestone when I reviewed our numbers this morning... Depending how the market does, I may end 2020 in the 2 comma club Married, 2 Children. 2017: 347k - Age 33 2018: 574k 2019: 770k 2020: 1.005M - Age 36 :sharebeer Congratulations! Essentially a 300% increase in NW since 2017. Fairly...
by calvin+hobbes
Wed Dec 30, 2020 8:17 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2174
Views: 261758

Re: Post your Financial Milestone Announcements Here

I want to do a milestone post/checkin here annually if I can. End of this year we achieved the following in 2020: -Paid off all non-PSLF student loans ($250k total. Took us 30 months) -I reached $100k in my personal 401k (separate from my husband's) -We reached $500k in investment accounts (now at ...
by calvin+hobbes
Fri Dec 25, 2020 10:23 pm
Forum: Personal Investments
Topic: VG is nagging about transitioning account
Replies: 178
Views: 14860

Re: VG is nagging about transitioning account

What's your take? Have you done this? I'm ignoring it and will stay on the old platform as long as possible. Much easier and faster to do a Backdoor Roth on the old platform. Exactly. My wife's account was transitioned to the new format, mine is the old. For me a backdoor Roth is a couple clicks, a...
by calvin+hobbes
Wed Dec 23, 2020 11:30 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 39259

Re: What kind of car do Bogleheads like to drive?

EASY. PSM & ASM Plus the 40JAHRE has the X power pack and a real LSD. If you SHUNT, it was YOU I believe the 997.1 and 997.2 GT cars have the ability to turn traction and stability control off and also do not have true PSM. True, but I have never driven one. Just as an FYI For me, have you ever...
by calvin+hobbes
Wed Dec 23, 2020 2:21 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 39259

Re: What kind of car do Bogleheads like to drive?

phxjcc wrote: Wed Dec 23, 2020 12:54 pm
EASY.
PSM & ASM

Plus the 40JAHRE has the X power pack and a real LSD.

If you SHUNT, it was YOU
I believe the 997.1 and 997.2 GT cars have the ability to turn traction and stability control off and also do not have true PSM.
by calvin+hobbes
Wed Dec 23, 2020 12:41 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 39259

Re: What kind of car do Bogleheads like to drive?

What do I LIKE to drive, or what do we HAVE? Like to drive and own: Me: 2007 MBZ S65 AMG, 60K Her: 1980 MBZ 450SL, 55K Drive and own: 2010 Lexus LX570, 90K 1999 DODGE RAM 2500 24VCTD QCLB 5SPD M, 175K These are the "toaster vehicles", i.e.--transportation appliances. Like to drive and do ...
by calvin+hobbes
Wed Dec 23, 2020 8:00 am
Forum: Personal Investments
Topic: Just pulled the trigger ...
Replies: 198
Views: 23131

Re: Just pulled the trigger ...

Based on the numbers given in OP’s other thread, it looks like the move to cash at market lows was likely a four figure mistake at most instead of five or six. OP, at your age, your primary goal by far should be to generate a stable income and start saving for retirement. You’ve mentioned a start up...
by calvin+hobbes
Wed Dec 23, 2020 7:34 am
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 39259

Re: What kind of car do Bogleheads like to drive?

2013 Honda CR-V (60k miles, wife’s car)
2017 Golf R, 6 speed manual (40k miles, daily driver)
1996 Porsche 911, 6 speed manual (weekend car and something to tinker with, my dead guy car)

No car loans. Save The Manuals.
by calvin+hobbes
Wed Dec 23, 2020 7:24 am
Forum: Personal Investments
Topic: Just pulled the trigger ...
Replies: 198
Views: 23131

Re: Just pulled the trigger ...

"... you would do well to follow the basic principles of building up a stable EF and investing in an asset allocation that you can stomach during downturns" -- I was doing exactly that (had a decent EF and a small portfolio in a TDF) when I had jobs, but now, unfortunately, I don't have a...