Search found 1691 matches

by goodenyou
Wed Aug 14, 2019 6:54 pm
Forum: Personal Investments
Topic: Is my 529 glide path too aggressive?
Replies: 20
Views: 1593

Re: Is my 529 glide path too aggressive?

I moved to an allocation to where I increased the FDIC amount each year of high school. By the time they started college, I moved it into 100% FDIC. I figured that I had 4 years (5 for my one child in a MS program) fully funded, and the potential growth that I was leaving on the table wasn't worth t...
by goodenyou
Tue Aug 13, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: NP degree worth the investment?
Replies: 62
Views: 5169

Re: NP degree worth the investment?

Another route to look into would be CRNA. I am a CRNA and love what I do every day. The same amount of schooling (3 years) although you wouldn’t be able to work at all during school as it is more rigorous. Pay is considerably more. I just got a raise to 200k with 8 weeks off plus decent benefits. :...
by goodenyou
Tue Aug 13, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: NP degree worth the investment?
Replies: 62
Views: 5169

Re: NP degree worth the investment?

If she wants to do Dermatology, I highly recommend that she get certified by the Dermatology Nursing Association (DNA). It requires 2,000 hours of dermatology clinical hours and sitting for a difficult exam. It should be required for all medical "providers" holding themselves out as "experts". My wi...
by goodenyou
Mon Aug 12, 2019 9:26 am
Forum: Investing - Theory, News & General
Topic: Bond fund diversification
Replies: 9
Views: 1054

Re: Bond fund diversification

You can read about long term treasuries adding more diversification to a stock/bond portfolio. There have been several posts on the virtues of adding these investment vehicles for those looking for more diversification to a stock portfolio. Intermediate-term investment-grade bonds and stocks have s...
by goodenyou
Sun Aug 11, 2019 10:07 pm
Forum: Investing - Theory, News & General
Topic: Bond fund diversification
Replies: 9
Views: 1054

Re: Bond fund diversification

You can read about long term treasuries adding more diversification to a stock/bond portfolio. There have been several posts on the virtues of adding these investment vehicles for those looking for more diversification to a stock portfolio.
by goodenyou
Sun Aug 11, 2019 5:03 pm
Forum: Investing - Theory, News & General
Topic: Is it time to sell I-Bonds?
Replies: 18
Views: 1855

Re: Is it time to sell I-Bonds?

Damn...I thought it was time to buy I-Bonds! I thought long term treasuries were the way to go. Now I am really confused :oops: It all depends on where you see inflation years from now. In my portfolio I have a substantial slice of inflation-protected fixed income, 40%, and I make no predictions ab...
by goodenyou
Sun Aug 11, 2019 2:23 pm
Forum: Investing - Theory, News & General
Topic: Is it time to sell I-Bonds?
Replies: 18
Views: 1855

Re: Is it time to sell I-Bonds?

Damn...I thought it was time to buy I-Bonds! I thought long term treasuries were the way to go.

Now I am really confused :oops:
by goodenyou
Sun Aug 11, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 9638

Re: Received a $17,000 medical bill! Can we negotiate?

Doctors who are not in network should refuse to provide services to hospitals unless they are indemnified by the hospital to pay for the services that the hospital has agreed to provide to in-network patients. The surgeon took emergency call knowing full well that patients could show up out of netw...
by goodenyou
Sat Aug 10, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 9638

Re: Received a $17,000 medical bill! Can we negotiate?

Doctors who are not in network should refuse to provide services to hospitals unless they are indemnified by the hospital to pay for the services that the hospital has agreed to provide to in-network patients. The surgeon took emergency call knowing full well that patients could show up out of netwo...
by goodenyou
Sat Aug 10, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: NP degree worth the investment?
Replies: 62
Views: 5169

Re: NP degree worth the investment?

NP is a fantastic gig. You can become an "expert" in whatever specialty just by working in an office that does that specialty. You can be an "ortho" NP one day and a "urology" NP the next if you change jobs. It's unique to these types of "providers" (PAs included) :oops: There are significant differ...
by goodenyou
Fri Aug 09, 2019 9:55 am
Forum: Personal Investments
Topic: How much TIPS
Replies: 22
Views: 1592

Re: How much TIPS

You cannot have a rule of thumb here. Decisions like this are complex and need to consider total portfolio value and burn rate. Risks of inflation with a portfolio that is far in excess of 25x your expenses is a much different than a portfolio at 25x expenses. I am starting to warm up to the idea of...
by goodenyou
Mon Aug 05, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11678
Views: 2011325

Re: U.S. stocks in free fall

Bluce wrote:
Mon Aug 05, 2019 12:47 pm
What happened to the "Stocks continue to soar!" thread? :confused
It’s been changed to”Stocks continue to sore!” :shock:
by goodenyou
Sun Aug 04, 2019 7:36 pm
Forum: Personal Investments
Topic: bond prices up sharply in last year - any adjustments
Replies: 8
Views: 1136

Re: bond prices up sharply in last year - any adjustments

livesoft wrote:
Sun Aug 04, 2019 6:58 pm
I was rewarded by rebalancing from equities to bonds in early July. And now I rebalanced from bonds back into equities this month. Is it not sufficient to just maintain your asset allocation?
What are your rebalancing bands? Did it fluctuate that much?
by goodenyou
Wed Jul 31, 2019 8:22 am
Forum: Personal Investments
Topic: New York City Teachers’ Retirement System TDA - Put it all in the 7% Fixed Return Fund?
Replies: 45
Views: 3557

Re: New York City Teachers’ Retirement System TDA - Put it all in the 7% Fixed Return Fund?

... At the current time, there is no other investment anywhere that can deliver that rate of return without being significantly riskier. The Savings Deposit Program available to deployed service members offers a guaranteed 10% annual rate of return. Obviously there are some limitations, but saying ...
by goodenyou
Tue Jul 30, 2019 4:48 pm
Forum: Personal Investments
Topic: New York City Teachers’ Retirement System TDA - Put it all in the 7% Fixed Return Fund?
Replies: 45
Views: 3557

Re: New York City Teachers’ Retirement System TDA - Put it all in the 7% Fixed Return Fund?

I am glad that I am no longer a NY taxpayer. That is a great deal. Ride it as long as there exists a backstop. The pension plan is the least of the expenses, try crossing one of the many bridges - the Verrazano bridge is going to be if it's not there yet, $19 to cross it. I remember when it was $5....
by goodenyou
Tue Jul 30, 2019 4:39 pm
Forum: Investing - Theory, News & General
Topic: DALBAR report methodological flaws - Prof. Pfau
Replies: 31
Views: 4379

Re: DALBAR report methodological flaws - Prof. Pfau

I keep reading about what a bunch of idiots that individual investors are but the actual data from Vanguard and Fidelity from 401k accounts show that investors pretty much stayed the course during the 2008-2009 financial crisis. I don't know, I have seen the so-called professionals who should know ...
by goodenyou
Tue Jul 30, 2019 8:19 am
Forum: Personal Investments
Topic: New York City Teachers’ Retirement System TDA - Put it all in the 7% Fixed Return Fund?
Replies: 45
Views: 3557

Re: New York City Teachers’ Retirement System TDA - Put it all in the 7% Fixed Return Fund?

I am glad that I am no longer a NY taxpayer. That is a great deal. Ride it as long as there exists a backstop.
by goodenyou
Sat Jul 27, 2019 9:53 pm
Forum: Personal Investments
Topic: 19k to 25k limit 401 after 50
Replies: 12
Views: 1609

Re: 19k to 25k limit 401 after 50

Si se puede.
by goodenyou
Mon Jul 22, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of children
Replies: 49
Views: 2053

Re: Cost of children

Discussions about children on Bogleheads always brings out emotions. I would argue that there is little more that evokes emotion and opinion in a highly competitive and driven population than a discussion of how to raise their offspring. Some of the most heated discussion here are about private vs p...
by goodenyou
Sat Jul 20, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14712

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

My wife and I are physicians. We practiced for 20 years in a LCOL area (rural IL). As mentioned upstream, doctors’ pay is much higher in LCOL areas, enabling you to save more. I recall our savings rate was 30-40%, dumping all that into Vanguard funds. We built up a 7 figure portfolio in our 20 year...
by goodenyou
Sat Jul 20, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14712

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

My wife and I are physicians. We practiced for 20 years in a LCOL area (rural IL). As mentioned upstream, doctors’ pay is much higher in LCOL areas, enabling you to save more. I recall our savings rate was 30-40%, dumping all that into Vanguard funds. We built up a 7 figure portfolio in our 20 year...
by goodenyou
Fri Jul 19, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14712

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

However, in a LCOL area I have witnessed wealth and wealth accumulation beyond my wildest dreams. Several with high 9 and 10-Figure wealth. Invited (me) to sitting President luncheon fundraiser at their house wealth. Hard to believe, given that most *entire states* have 5 or less billionaires. http...
by goodenyou
Thu Jul 18, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14712

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

However, in a LCOL area I have witnessed wealth and wealth accumulation beyond my wildest dreams. Wealth is also different in a LCOL rural area. Even a medium size farm is a multi-million dollar business. Think about that the next time you are flying over "flyover" country and see all those funny l...
by goodenyou
Thu Jul 18, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14712

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

I vote for HCL. Worked quite well for me. My experience is just the opposite. I moved to a LCOL area from a HCOL area where I am (now) considered “wealthy”. In a HCOL area I would be average to above average. However, in a LCOL area I have witnessed wealth and wealth accumulation beyond my wildest ...
by goodenyou
Thu Jul 18, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14712

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

The question is do people with higher incomes and savings rates have more wealth building potential. Geoarbitrage can be very powerful. Especially for physicians that practice in "Sportsman's Paradises" (aka undesirable places to live). Not only is there lower cost of living, but there is more volum...
by goodenyou
Thu Jul 18, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: SERIOUS MONEY book is 20 years old this month
Replies: 13
Views: 1551

Re: SERIOUS MONEY book is 20 years old this month

Thanks Rick. The book is 20 years old, but you are not 20 years older, correct? :D
by goodenyou
Wed Jul 17, 2019 7:21 pm
Forum: Personal Investments
Topic: asset allocation anxiety
Replies: 29
Views: 2322

Re: asset allocation anxiety

You could read some posts circa 2008-2009 on this forum. It may temper your fear of missing out.
by goodenyou
Wed Jul 17, 2019 3:44 pm
Forum: Personal Investments
Topic: asset allocation anxiety
Replies: 29
Views: 2322

Re: asset allocation anxiety

You will likely feel relief on bad days and regret on good days. It’s called the relief-regret cycle. It’s common. If your asset allocation doesn’t materially change your life, and you can meet all your goals, why worry? Your dilemma and frustration comes from the inability to predict the future. Ti...
by goodenyou
Sat Jul 13, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: Five Nobel Laureates Recommend The Market Portfolio
Replies: 58
Views: 6779

Re: Five Nobel Laureates Recommend The Market Portfolio

Furthermore, there cannot be "an efficient frontier" unless there is only once source of risk. If you accept that there are "various ways of measuring risk" then you must also accept that there cannot be a single efficient frontier: there must be many. And the efficient frontiers can no longer be r...
by goodenyou
Thu Jul 11, 2019 1:56 pm
Forum: Personal Investments
Topic: Not happy with one FA allocation: PBRIX
Replies: 37
Views: 2068

Re: Not happy with one FA allocation: PBRIX

What you will realize is that the delay that it takes to convince yourself to extract yourself from your FA will cost you. The best option you have is to consult a fee-only advisor and tax planner to extricate yourself from your situation in the most tax-efficient way . While the most valuable compo...
by goodenyou
Thu Jul 11, 2019 1:42 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?
Replies: 63
Views: 5071

Re: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?

Just buy into a hedge fund with wealthy individuals. They invest in all sorts of unconventional assets. See how that works out. It hasn't in the past many years.
by goodenyou
Thu Jul 11, 2019 11:11 am
Forum: Personal Investments
Topic: Not happy with one FA allocation: PBRIX
Replies: 37
Views: 2068

Re: Not happy with one FA allocation: PBRIX

Welcome to the forum. What you will realize by empowering yourself with knowledge is that you are one of the many investors being ripped-off by an unscrupulous financial system. It will cost you a bit in the short term to disentangle, but you will save yourself a fortune by listening to the wise adv...
by goodenyou
Thu Jul 11, 2019 11:03 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?
Replies: 63
Views: 5071

Re: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?

Don’t be tricked into believing that you are part of some special club because you invest like the ultra wealthy. They have a lot more staying power than you do, and fluctuations in their wealth usually doesn’t wipe them out.
by goodenyou
Tue Jul 09, 2019 11:43 am
Forum: Personal Investments
Topic: Where to invest down payment money for 2 years
Replies: 11
Views: 978

Re: Where to invest down payment money for 2 years

Calculate the difference between what could make by taking some risk and what you would make by taking no risk over the short period. I think you will find that taking no risk makes sense.
by goodenyou
Tue Jul 09, 2019 8:31 am
Forum: Personal Investments
Topic: Using Bond or Cash for short term cash
Replies: 11
Views: 856

Re: Using Bond or Cash for short term cash

The reality is that the inefficiency that one creates by holding cash is immaterial at high income and portfolio values. You can absorb the drag on portfolio performance. The idea of holding cash for “dry powder” opportunity is a fallacy, but it creates an illusion of “safety”.
by goodenyou
Mon Jul 08, 2019 5:19 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 28454

Re: Americans believe they need $1.7 million, on average, to retire

Plus, you should account for divorce as well, which the odds sitting at 30-50% (?). If you get to $1.7M, suddenly the divorce settlement left you with 850k. I guess you can survive no matter what, but still not the "riding into the sunset scene" you wanted all along. Divorce at an older age where y...
by goodenyou
Mon Jul 08, 2019 2:04 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 28454

Re: Americans believe they need $1.7 million, on average, to retire

Bogleheads, being conservative, probably would prefer about double that amount. I liked someone's post on here complaining about folks who say they have 6 million in liquid assets and wonder if that is enough to retire. :happy It would depend on what their expenses are in retirement. I know people ...
by goodenyou
Mon Jul 08, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 28454

Re: Americans believe they need $1.7 million, on average, to retire

What is the average salary of an American? How does that salary compare to what they "need" in retirement? High wage earners don't typically lower their standard of living in retirement. FWIW, my FIL has a net worth close to 8 figures and lives on SS. His 6-digit RMDs go right back to saving after p...
by goodenyou
Mon Jul 08, 2019 8:02 am
Forum: Personal Investments
Topic: been a great run for bonds..
Replies: 11
Views: 1862

Re: been a great run for bonds..

You’ll get a lot of money market as a substitute for bonds as a response as well. Your investing horizon should determine your duration on your bonds. Timing the bond market is fraught with the same risks as timing the stock market. A year or two ago I was convinced that interest rates had nowhere t...
by goodenyou
Sun Jul 07, 2019 4:18 pm
Forum: Personal Investments
Topic: 6M retirement asset allocation and tax advice
Replies: 21
Views: 3488

Re: 6M retirement asset allocation and tax advice

Is your 2nd home in Florida, or another tax-friendly state? If so, change your domicile to live there at least 183 days. It will save you a bundle.
by goodenyou
Sat Jul 06, 2019 11:36 am
Forum: Personal Investments
Topic: High income investor NOT using municipal bonds?
Replies: 14
Views: 1843

Re: High income investor NOT using municipal bonds?

I think age of investor would also be a factor. A young investor may choose not to invest in bonds. An old (50-ish) investor like me chooses intermediate term tax-exempt that includes munis. I do not have enough space in my tax-privileged to fill up my bond allocation and my bond choices in my 401k ...
by goodenyou
Fri Jul 05, 2019 12:44 pm
Forum: Personal Investments
Topic: Got more than enough for retirement. What to do now?
Replies: 42
Views: 4081

Re: Got more than enough for retirement. What to do now?

I have an iPhone 7. Works great. That must be the new arbiter of frugality. The rest of my family all have the newest iPhones.

Milton Friedman once opined that parents often value the ability of their children to consume more than their own. I guess I exemplify that sentiment.
by goodenyou
Fri Jul 05, 2019 9:50 am
Forum: Personal Investments
Topic: Got more than enough for retirement. What to do now?
Replies: 42
Views: 4081

Re: Got more than enough for retirement. What to do now?

Without utter meltdown and Armageddon, a balanced portfolio will be sufficient at 75x expenses. It is a dancing-on-the-head-of-a-pin discussion. Why not increase your consumption? Buy a nicer car, bigger house, more luxury, indulge. Help the economy, employ more people and consume! I say that somewh...
by goodenyou
Wed Jul 03, 2019 2:51 pm
Forum: Investing - Theory, News & General
Topic: Bond yield too low, how about high yield stock?
Replies: 10
Views: 804

Re: Bond yield too low, how about high yield stock?

Buy Altria (MO). It has a 6.6+% dividend. It's been hammered over the past few years. It's down 35% from it's all time high. It has a PE of 15.
by goodenyou
Wed Jul 03, 2019 2:46 pm
Forum: Personal Investments
Topic: Moving the Goalposts - a new perspective
Replies: 15
Views: 1951

Re: Moving the Goalposts - a new perspective

This is not a new concept on this forum. Earned income is very comforting, especially in down markets. De-accumulation and retirement is unnerving for the hard-working and lifelong frugal saver.
by goodenyou
Sun Jun 30, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: What do you hold in your IRA and Why?
Replies: 48
Views: 3512

Re: What do you hold in your IRA and Why?

I have a fee-laiden lousy 401(k). So, I pick the best of the worst choices. I have an index 500 mutual fund with 40 basis points of fees and a stable value fund paying 165 basis points per annum. I have it allocated 80/20 index/stable value to keep my overall portfolio AA where I want it. Several ot...
by goodenyou
Mon Jun 24, 2019 6:50 pm
Forum: Personal Investments
Topic: 60K to invest
Replies: 8
Views: 1283

Re: 60K to invest

She needs to pay off that high interest rate credit card balance.
by goodenyou
Fri Jun 21, 2019 7:50 pm
Forum: Personal Investments
Topic: How did you overcome your fear of investing?
Replies: 33
Views: 2547

Re: How did you overcome your fear of investing?

I don't think I've overcome my fear in investing. I manage my fear with an asset allocation that helps to mitigate severe swings in my portfolio. I still have moments when the this time may be different doubts enter my mind. Like others have said, living through the ups and downs of markets strength...
by goodenyou
Thu Jun 20, 2019 2:59 pm
Forum: Personal Investments
Topic: Bob Brinker Retirement
Replies: 37
Views: 7948

Re: Bob Brinker Retirement

I enjoyed listening to his show, not for his advice per say, but to listen to the questions of callers to see how I would answer their question. I was introduced to Bob Brinker in the early 90s. I credit him for introducing me to low cost investing and becoming competent in personal investing. I nev...