Search found 240 matches

by Kelrex
Sun Oct 25, 2020 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Buying family home but disabled sibling stays?
Replies: 16
Views: 1560

Re: Buying family home but disabled sibling stays?

If it were me and I was buying all of the siblings out, there's NO WAY I would sign anything to the effect of providing my sibling free housing indefinitely. Absolutely not. Maybe I'm not understanding this completely. Would your brother be paying for this new cabin or would you be? If the brother i...
by Kelrex
Sun Oct 25, 2020 5:48 am
Forum: Investing - Theory, News & General
Topic: Friend’s Investment Strategy Envy
Replies: 42
Views: 4100

Re: Friend’s Investment Strategy Envy

Yeah...

People discover day trading all the time and think they've struck gold.

This isn't something new, your friend hasn't discovered anything, and if he thinks his "limits" actually have the power to save him from losses, then he genuinely doesn't even remotely understand what he's doing.
by Kelrex
Fri Oct 23, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 106
Views: 5884

Re: Choosing a career

Also, the path to medicine leaves a lot of poor saps in its wake. It's not like you get to decide that you want to be a doctor and just like that, you get to be a doctor. Hence the desire for a plan B for something that competitive. As for careers, the biggest myth out there is that you have to get...
by Kelrex
Fri Oct 23, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 106
Views: 5884

Re: Choosing a career

I dont mean to to disrespect anyone, but I'm an engineer with about 15 year experience (not much, I'm not too old, but not too young either, I have been in the industry for a while) but I would just say for sake of other people who might read what you wrote and they may actually believe it, but you...
by Kelrex
Fri Oct 23, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 106
Views: 5884

Re: Choosing a career

I dont mean to to disrespect anyone, but I'm an engineer with about 15 year experience (not much, I'm not too old, but not too young either, I have been in the industry for a while) but I would just say for sake of other people who might read what you wrote and they may actually believe it, but you...
by Kelrex
Fri Oct 23, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 106
Views: 5884

Re: Choosing a career

Be a doctor or a salesperson and you'll be employed forever. That's just not true. You need to be a competent doctor or a salesperson. For sales, yes competence is important. For a doctor, there will always be more demand. You have to be really incompetent for them to take your license. Depends on ...
by Kelrex
Thu Oct 22, 2020 9:28 pm
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 259
Views: 20876

Re: Anybody here trying Coast FIRE?

However, I'm considering going back to school to specialize in a less demanding specialty so that I can work part time, low stress, indefinitely. Please explain. You retired from your medical career, but now you think you might like to apply for a residency position in a new specialty? Yeah, exactl...
by Kelrex
Thu Oct 22, 2020 9:26 pm
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 259
Views: 20876

Re: Anybody here trying Coast FIRE?

When I have polled multiple audiences of physicians almost none would quit completely if given $10M, but they'd almost all work less! “One survey found that on average, 45% of resident physicians experience burnout. This ranged from 29.2%-63.8%. The prevalence of career choice regret was between 7....
by Kelrex
Thu Oct 22, 2020 8:48 pm
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 259
Views: 20876

Re: Anybody here trying Coast FIRE?

Because they felt passionately about helping other people and contributing to the world around them in some meaningful way. Maybe not every last one of them, but certainly most of them. Right, and I’m passionate about helping others as well and in order for me to do that to its fullest extent I nee...
by Kelrex
Sat Oct 17, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 259
Views: 20876

Re: Anybody here trying Coast FIRE?

Seems like CoastFIRE would be appealing and more possible in certain fields compared to others. A lot of doctors, for example, get burnt out on full-time work and have good opportunities for part-time work. Part time work seems more difficult to accomplish for lawyers or jobs in the financial secto...
by Kelrex
Sat Oct 17, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Time travel for high salary earners
Replies: 106
Views: 11201

Re: Time travel for high salary earners

What is the point of being a high earner if you’re not going to spend the money? Might as well have spent less time studying in school and found a normal job with normal hours and normal pay. My household income is approaching $800k at age 34 & 35. I am looking for a $100k SUV to celebrate. Yeah, b...
by Kelrex
Sat Oct 17, 2020 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Time travel for high salary earners
Replies: 106
Views: 11201

Re: Time travel for high salary earners

Get highly rated "own occupation disability insurance" -- Make sure its OWN occupation!!!!! - Pay for it. Do It. Now! Yes, yes, yes. I mentioned disability insurance but I forgot to emphasize OWN occupation, because in my mind, it's a given. Also, if you ever, ever, ever get even a little bit chron...
by Kelrex
Sat Oct 17, 2020 8:04 am
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 259
Views: 20876

Re: Anybody here trying Coast FIRE?

This is an approach that either makes perfect sense to you or makes no sense at all, there really isn't a middle ground on it. The people it makes sense for are the people whose ideal life involves some kind of paid work, the kind of people who left to their own devices don't want a proper, full-on ...
by Kelrex
Sat Oct 17, 2020 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Time travel for high salary earners
Replies: 106
Views: 11201

Re: Time travel for high salary earners

The peer pressure to live up to your means will be enormous, ... I read this frequently, but who are these peers? Where are they? How do they exert such pressure? I'm a high-income physician and I've never felt any pressure to live up to my means, much less "enormous" pressure. Same, it's just not ...
by Kelrex
Fri Oct 16, 2020 7:15 am
Forum: Personal Consumer Issues
Topic: Most comfortable shoe: please recommend
Replies: 71
Views: 5223

Re: Most comfortable shoe: please recommend

KURU. If you suffer any kind of plantar fascilitis issues check out KURU shoes online. I own about 10 pair. Well worth the price (approx $150@) Had no idea about this company. I'll be trying a pair. I’m guessing the company is unaware their shoe is named after a prion-caused degenerative brain dise...
by Kelrex
Thu Oct 15, 2020 11:35 am
Forum: Personal Finance (Not Investing)
Topic: What are the financial risks of not owning a house?
Replies: 98
Views: 8926

Re: What are the financial risks of not owning a house?

Thanks for all the quick replies. I did mean just living your life all the way through retirement (and in retirement) without a house. I always heard that owning a house was an important component of wealth (or just financial well-being), and inflation protection. But I sold my house and I'm now re...
by Kelrex
Thu Oct 15, 2020 11:13 am
Forum: Personal Consumer Issues
Topic: Most comfortable shoe: please recommend
Replies: 71
Views: 5223

Re: Most comfortable shoe: please recommend

Do you have access to a store with knowledgeable sales staff who can assess your feet and gait and recommend an appropriate shoe for you? Where I live, all of the running stores offer this service, and some staff are better than others, but I find it makes a huge difference in finding the right shoe...
by Kelrex
Thu Oct 15, 2020 9:09 am
Forum: Personal Finance (Not Investing)
Topic: What are the financial risks of not owning a house?
Replies: 98
Views: 8926

Re: What are the financial risks of not owning a house?

Rent vs Own is very, very much a lifestyle decision. Yes, there are financial factors to account for, but the major deciding factors that contribute to someone deciding to rent or own tend to be primarily about lifestyle. Meaning, most people who want to own will do so even if renting was more finan...
by Kelrex
Thu Oct 15, 2020 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Made a mistake on life insurance application
Replies: 6
Views: 723

Re: Made a mistake on life insurance application

Send them an email so that there's a written record of the correction. +1 It seems highly likely that this error will be immaterial to the insurance company and will essentially be a nonevent. However, you will sleep easier knowing that you made the disclosure. Not only that, but if they contact th...
by Kelrex
Thu Oct 15, 2020 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Applying for mortgage with "no income"
Replies: 39
Views: 4411

Re: Applying for mortgage with "no income"

It's different from co-signing because you will own the home with them. Co-signing doesn't entitle you to ownership of the property, it just makes you liable for the mortgage. You're basically buying a house together now. I would talk to an accountant and probably a lawyer before going ahead with th...
by Kelrex
Thu Oct 15, 2020 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Made a mistake on life insurance application
Replies: 6
Views: 723

Re: Made a mistake on life insurance application

Send them an email so that there's a written record of the correction.
by Kelrex
Wed Oct 14, 2020 7:41 pm
Forum: Personal Consumer Issues
Topic: "Nice" furniture recommendations
Replies: 114
Views: 10211

Re: "Nice" furniture recommendations

Wow, very pleasantly surprised by the number and quality of responses. Evidently this was a topic that interests others too! It's certainly given us a lot to look at. Still having trouble stomaching the idea of spending $3k, $5k, or more on a couch, but we'll see how the finances settle after closi...
by Kelrex
Wed Oct 14, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: Can an individual investor COPY a hedge fund or the likes portfolio?
Replies: 27
Views: 1174

Re: Can an individual investor COPY a hedge fund or the likes portfolio?

I'm just curious how exactly you would propose to copy the actions of a hedge fund?
by Kelrex
Wed Oct 14, 2020 8:10 am
Forum: Investing - Theory, News & General
Topic: What happens after the risk shows up?
Replies: 41
Views: 4277

Re: What happens after the risk shows up?

I honestly don't give things I can't control much thought.

If I want more money, I focus on making more money, not fussing with what I did or didn't make in the markets.
by Kelrex
Wed Oct 14, 2020 8:08 am
Forum: Personal Consumer Issues
Topic: "Nice" furniture recommendations
Replies: 114
Views: 10211

Re: "Nice" furniture recommendations

I too have a walnut/pecan wood bedroom set. - from my parents who bought in 1954. Beautiful pieces from Drexel Heritage. My nephew and his fiance were not impressed with the “brown furniture” either. It is sad when others don’t appreciate well made items. Something can be well made and not to someb...
by Kelrex
Wed Oct 14, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to quit high paying job for pension?
Replies: 53
Views: 4483

Re: Does it make sense to quit high paying job for pension?

I seriously question those pension numbers. If they are accurate, I seriously question the viability of that pension program to exist in 20 years. I know a lot of people with pensions, and the only ones I see paying out 65-70K(+inflation) annually are for people who made well over 100K, and they are...
by Kelrex
Tue Oct 13, 2020 10:32 am
Forum: Personal Consumer Issues
Topic: Simplicity
Replies: 110
Views: 16847

Re: Simplicity

ponyboy wrote: Tue Oct 13, 2020 9:11 am I thought this was going to be a thread about tractors and lawn mowers. I have a simplicity and it works great.
We all have different definitions of simplicity.
I lived on a farm as a kid, I would not call that simple.
by Kelrex
Tue Oct 13, 2020 10:32 am
Forum: Personal Consumer Issues
Topic: Simplicity
Replies: 110
Views: 16847

Re: Simplicity

My life is extremely streamlined, and quite minimalist. SO and I downsized to a one bedroom apartment, and have very few possessions that we don't actually need. It's systematically organized by function, not category, so the flow of day to day is optimized and incredibly easy. There's virtually no...
by Kelrex
Tue Oct 13, 2020 8:10 am
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" Index investing vs. "Passive" Index investing

Your theory was clear from the beginning.
I sustain my same questions that I had from the beginning.
by Kelrex
Mon Oct 12, 2020 10:00 am
Forum: Investing - Theory, News & General
Topic: Person who does the opposite of sell in downturn AA?
Replies: 10
Views: 889

Re: Person who does the opposite of sell in downturn AA?

Set your AA according to your risk tolerance. So yes, if you are more comfortable with volatility, then you may be better with a higher risk AA.

Pick whatever AA that you aren't likely to change regardless of what markets do. That's the best AA for you.
by Kelrex
Mon Oct 12, 2020 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Splitting Expenses
Replies: 17
Views: 2635

Re: Splitting Expenses

Frankly, what strangers on the internet think is fair is entirely irrelevant. What do you think is fair, what does your SO think is fair. Did you not discuss these types of things when you I totally discussed splitting things 60/40? If not, then now is a good time to talk it through in detail, along...
by Kelrex
Mon Oct 12, 2020 7:52 am
Forum: Personal Consumer Issues
Topic: "Nice" furniture recommendations
Replies: 114
Views: 10211

Re: "Nice" furniture recommendations

Thanks to everyone for the suggestions! Lots to look at! Any suggestions in particular for desks? Both the spouse and I will need new ones soon. I prefer a desk with a hutch, and the associated extra storage. For wood furniture, you really can't beat buying used. So, so, so many people don't want t...
by Kelrex
Mon Oct 12, 2020 6:42 am
Forum: Non-US Investing
Topic: How to NOT time the market
Replies: 21
Views: 2631

Re: How to NOT time the market

Do whatever makes you least likely to pull your money out again.
by Kelrex
Mon Oct 12, 2020 6:40 am
Forum: Personal Finance (Not Investing)
Topic: What is the maximum amount I should spend on financial gambling?
Replies: 35
Views: 2190

Re: What is the maximum amount I should spend on financial gambling?

Typically when people are asking for a metric or rule of thumb they're looking for permission to spend more than they would otherwise permit themselves. Determine exactly what you are willing to lose and be accountable only to yourself. If you cannot do that, start seeking professional help for your...
by Kelrex
Sun Oct 11, 2020 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying an office space
Replies: 14
Views: 998

Re: Buying an office space

Who would be your tenant if these people leave? Personally, I wouldn't be investing in commercial real estate right now because I have no idea what the demand will look like after Covid. What other types of tenants would want this particular type of space? Also, I wouldn't take their reno investmen...
by Kelrex
Sun Oct 11, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Buying an office space
Replies: 14
Views: 998

Re: Buying an office space

Who would be your tenant if these people leave? Personally, I wouldn't be investing in commercial real estate right now because I have no idea what the demand will look like after Covid. What other types of tenants would want this particular type of space? Also, I wouldn't take their reno investmen...
by Kelrex
Sun Oct 11, 2020 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Buying an office space
Replies: 14
Views: 998

Re: Buying an office space

Who would be your tenant if these people leave? Personally, I wouldn't be investing in commercial real estate right now because I have no idea what the demand will look like after Covid. What other types of tenants would want this particular type of space? Also, I wouldn't take their reno investment...
by Kelrex
Sun Oct 11, 2020 6:23 am
Forum: Personal Consumer Issues
Topic: "Nice" furniture recommendations
Replies: 114
Views: 10211

Re: "Nice" furniture recommendations

I've furnished a few houses, and like you, in my early 30s, I wanted to furnish my first owned home with "quality" pieces. I remember swearing that I would never set foot in Ikea ever again. Well, I spent a fortune and most of it was garbage. Don't be fooled by the price tags, most furniture out the...
by Kelrex
Sat Oct 10, 2020 10:49 am
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" investing vs. "Passive" investing

I believe all John Bogle was advocating for was a method to make "B" above more achievable and more pleasant. Not a strategy to get rich. You can definitely get 'rich' being a passive investor. You're just not going to get 'rich' quickly, nor is being a passive investor going to lead to outsized re...
by Kelrex
Sat Oct 10, 2020 9:41 am
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" investing vs. "Passive" investing

You're moving the goal posts. First you come in here positing an approach, then you claim that you have knowledge and abilities that allow you to identify stronger companies to invest in, then people challenge that approach with pretty well thought out challenges, then you say that we're all basica...
by Kelrex
Sat Oct 10, 2020 9:01 am
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" investing vs. "Passive" investing

You're moving the goal posts. First you come in here positing an approach, then you claim that you have knowledge and abilities that allow you to identify stronger companies to invest in, then people challenge that approach with pretty well thought out challenges, then you say that we're all basical...
by Kelrex
Sat Oct 10, 2020 8:27 am
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" investing vs. "Passive" investing

Again, that's my entire point, which you don't seem to be answering. Yes, crashes to zero happen, and you lose 100% of your holding. But those losses are capped at 100%. On the flip side, you can gain way more than 100% when a company booms. Your approach posits that you can beat the index by tryin...
by Kelrex
Sat Oct 10, 2020 8:06 am
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" investing vs. "Passive" investing

I wonder how Buffett does it that makes him rich. Buffett’s full time job (with a team!) is evaluating and investing in companies. He has outperformed over the long term. He has underperformed recently. All in all, one of the greatest factors in his success is the stubborn duration of it. He starte...
by Kelrex
Sat Oct 10, 2020 8:03 am
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" investing vs. "Passive" investing

Oh! Just monitor companies to make sure they're not in trouble? I wonder why so many professional investors go bust when it's that easy??? It's not like that industry is filled with some of the most terrifyingly brilliant and ruthless people in existence... Sarcasm aside, that's like saying the sec...
by Kelrex
Sat Oct 10, 2020 7:53 am
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" investing vs. "Passive" investing

I wonder how Buffett does it that makes him rich. There is no comparison., Buffet is not a small investor buying stocks. Buffet is the CEO of a large company with a staff of analysts to do his research. He doesn't buy stocks, he buys controlling interest in entire companies and large stakes in even...
by Kelrex
Sat Oct 10, 2020 7:39 am
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" investing vs. "Passive" investing

Oh! Just monitor companies to make sure they're not in trouble? I wonder why so many professional investors go bust when it's that easy??? It's not like that industry is filled with some of the most terrifyingly brilliant and ruthless people in existence... Sarcasm aside, that's like saying the sec...
by Kelrex
Fri Oct 09, 2020 9:25 pm
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 7844

Re: "Active" investing vs. "Passive" investing

Oh! Just monitor companies to make sure they're not in trouble? I wonder why so many professional investors go bust when it's that easy??? It's not like that industry is filled with some of the most terrifyingly brilliant and ruthless people in existence... Sarcasm aside, that's like saying the secr...
by Kelrex
Fri Oct 09, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 106
Views: 5884

Re: Choosing a career

I am asked to discuss career options in an high school. Ahead of the meeting, the key question sent to me was "Which career has the high probability for maximum lifetime $, given all else being equal?" I wanted to given an honest and best possible/data based answer. I can thinking of specialty doct...
by Kelrex
Mon Oct 05, 2020 8:09 am
Forum: Personal Finance (Not Investing)
Topic: How do you keep from getting burned out?
Replies: 70
Views: 7978

Re: How do you keep from getting burned out?

I personally can't do any job for more than 5 years. Really, by 3 years I'm crawling out of my skin already and 5 is my absolute max. Knowing what to do really takes knowing yourself, and the only way I learned that about myself was by trying out different things and realizing that no matter how muc...