Search found 1309 matches

by goodenyou
Tue Sep 25, 2018 7:45 pm
Forum: Investing - Theory, News & General
Topic: DIYers Taking a Toll
Replies: 44
Views: 4613

Re: DIYers Taking a Toll

For most people, selling something you don't believe in or wouldn't buy yourself is pernicious. It's really hard to get up in the morning and fake it. I don't think that the urge to be better than average will ever be extinguished from the human spirit. There will always be plenty that will try for ...
by goodenyou
Mon Sep 24, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for My First Recession?
Replies: 43
Views: 3966

Re: Preparing for My First Recession?

This is a classic “have your cake and eat it too”. You have to decide for yourself if you will have more regrets having a paper loss when the stock market goes down, or regrets that you missed a run-up and have a higher entry point and theoretically more risk. Your age works in your favor. Trying to...
by goodenyou
Mon Sep 24, 2018 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: To Keep or Cash-in Whole Life Policy
Replies: 6
Views: 863

Re: To Keep or Cash-in Whole Life Policy

Thanks everyone that responded. It is much appreciated. :sharebeer
by goodenyou
Sun Sep 23, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: To Keep or Cash-in Whole Life Policy
Replies: 6
Views: 863

To Keep or Cash-in Whole Life Policy

I have had a Whole Life Policy for 22 years. $100,000 policy that costs me $1035/year. To date, it has $33,907 in Paid-Up Additional Benefits. It now has $20,684.00 of Guaranteed cash value and an additional cash value of $10,337.61 of paid up additions. It was purchased in 1996 before becoming fina...
by goodenyou
Sun Sep 16, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Barron's US market analysis
Replies: 6
Views: 420

Re: Barron's US market analysis

Amazon.bomb
Just over a month ago, the stock market was indicating that Amazon was worth a remarkable $36 billion and that Bezos' own stake was worth $13 billion.
:oops:

Predictions from the past are fun to read.

https://www.barrons.com/articles/SB927932262753284707
by goodenyou
Fri Sep 14, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

My Dr ordered a medically necessary test, to be conducted at his facility. When I received the EOB, the charge was denied because pre-authorization had not been obtained. So when my Dr orders a test, I'm supposed to call the insurance company to check before I have the test? Unfortunately yes. It's...
by goodenyou
Fri Sep 14, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

It is my belief that neither health care consumers nor health care providers are happy with the current state of health care billing in our country. These are some of my experiences: I have received funding for medical research on multiple occasions (mostly from the federal government). Each study ...
by goodenyou
Thu Sep 13, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

I assume the insurance company knows. The doctor's office probably also knows Of course the insurance company knows. They sold the policy. The doctor has no earthly clue what is in your insurance policy. How would they know? They only know that they participate as a medical provider. There are hund...
by goodenyou
Wed Sep 12, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

If I pay cash for labs, I know the price. If I run it through insurance, the lab inflates the price and then I have to pay the inflated price since it goes towards my deductible. How do you find out the cash price ahead of time? And how do you know whether to run it through insurance? My hospital h...
by goodenyou
Wed Sep 12, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

I don’t disagree that tests are ordered unnecessarily. Most doctors have no financial interest in ordering unnecessary tests. If your doctor owns the lab, it should be disclosed. If you think the test is unnecessary, find a doctor that doesn’t own the lab. You have no trust in them. Unnecessary tes...
by goodenyou
Wed Sep 12, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

If my doctor suggested a lab test that was not covered I'd complain and probably have to change doctor. When you walk in the door, they want to confirm your health insurance. So they know what is covered. At least most of the time Who knows what’s covered? I assume the insurance company knows. The ...
by goodenyou
Wed Sep 12, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

Doctors don’t pick lab tests based on what is covered. I would hope it is based on what is medically necessary. I'd suggest that is a naive hope. Unnecessary tests are widely considered to be a significant part of the problem of our high-cost health care system. I don’t disagree that tests are orde...
by goodenyou
Wed Sep 12, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

If my doctor suggested a lab test that was not covered I'd complain and probably have to change doctor. When you walk in the door, they want to confirm your health insurance. So they know what is covered. At least most of the time Who knows what’s covered? I assume the insurance company knows. The ...
by goodenyou
Wed Sep 12, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

dknightd wrote:
Wed Sep 12, 2018 9:35 pm
If my doctor suggested a lab test that was not covered I'd complain and probably have to change doctor.
When you walk in the door, they want to confirm your health insurance. So they know what is covered. At least most of the time
Who knows what’s covered?
by goodenyou
Wed Sep 12, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

If I pay cash for labs, I know the price. If I run it through insurance, the lab inflates the price and then I have to pay the inflated price since it goes towards my deductible. How do you find out the cash price ahead of time? And how do you know whether to run it through insurance? My hospital h...
by goodenyou
Wed Sep 12, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

If I pay cash for labs, I know the price. If I run it through insurance, the lab inflates the price and then I have to pay the inflated price since it goes towards my deductible. I learned the hard way. I was charged a ridiculous amount because it was run through my insurance. I just got labs recen...
by goodenyou
Wed Sep 12, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 61
Views: 4109

Re: Fidelity, Schwab, or Vanguard

I have all 3 for different reasons. Like all of them for different reasons too.
by goodenyou
Wed Sep 12, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5800

Re: Lab test prices - exasperating!

If I pay cash for labs, I know the price. If I run it through insurance, the lab inflates the price and then I have to pay the inflated price since it goes towards my deductible. I learned the hard way. I was charged a ridiculous amount because it was run through my insurance. I just got labs recent...
by goodenyou
Tue Sep 11, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: Moved to 100% FDIC Insured Cash today (college money needed in 3 years)
Replies: 26
Views: 2218

Re: Moved to 100% FDIC Insured Cash today (college money needed in 3 years)

I did the same this year. I posted about it as well. Once I reached enough to fund all 4 years, I didn't think it was worth the risk of trying for additional growth. I have 2 in college now and a sophomore in high school. I have a riskier allocation for the sophomore: 30% FDIC/30% Total Stock/30% Bo...
by goodenyou
Mon Sep 10, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12230

Re: Excessive Emergency Room Charges - Options?

Trying to find an ophthalmologist on call for an ER is not that easy. Finding a really good one that is available is even harder. The best ones I know don’t take call. This is no criticism of ophthalmologists. It’s the system. Interesting. So people who have severe eye injuries (an emergency) are j...
by goodenyou
Mon Sep 10, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12230

Re: Excessive Emergency Room Charges - Options?

Trying to find an ophthalmologist on call for an ER is not that easy. Finding a really good one that is available is even harder. The best ones I know don’t take call. This is no criticism of ophthalmologists. It’s the system. Interesting. So people who have severe eye injuries (an emergency) are j...
by goodenyou
Mon Sep 10, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12230

Re: Excessive Emergency Room Charges - Options?

Trying to find an ophthalmologist on call for an ER is not that easy. Finding a really good one that is available is even harder. The best ones I know don’t take call. This is no criticism of ophthalmologists. It’s the system. Interesting. So people who have severe eye injuries (an emergency) are j...
by goodenyou
Mon Sep 10, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12230

Re: Excessive Emergency Room Charges - Options?

And don't go to the ER unless it's an actual emergency. If you walked out at the end of the ER visit without hospitalization or surgery it probably could have been managed in a doctors office. Speaking as a doctor who covers half a dozen ERs. Since you're an ophthalmologist, can you tell me what I ...
by goodenyou
Sun Sep 09, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12230

Re: Excessive Emergency Room Charges - Options?

Yep. Doctors cash out from their investment and then work for less (they don't have an investment any longer). The hospital now charges "hospital fees". They can now control the market with jacked-up fees. The tragedy is that the consumer is now paying an even higher burden of the cost with higher ...
by goodenyou
Sun Sep 09, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12230

Re: Excessive Emergency Room Charges - Options?

Yep. Doctors cash out from their investment and then work for less (they don't have an investment any longer). The hospital now charges "hospital fees". They can now control the market with jacked-up fees. The tragedy is that the consumer is now paying an even higher burden of the cost with higher ...
by goodenyou
Sun Sep 09, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12230

Re: Excessive Emergency Room Charges - Options?

There are half a dozen urgent care centers within 10 miles of my house. It might be common for those options to be open 24 hours where you are. Around here, none are open past around 9:00 PM. Same thing around here. There was one near my house (never used it) started by several Physicians that was ...
by goodenyou
Sun Sep 09, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12230

Re: Excessive Emergency Room Charges - Options?

You don't eat a loaf of bread and then negotiate the price. Pay the bill. And don't go to the ER unless it's an actual emergency. If you walked out at the end of the ER visit without hospitalization or surgery it probably could have been managed in a doctors office. Speaking as a doctor who covers ...
by goodenyou
Sat Sep 08, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12230

Re: Excessive Emergency Room Charges - Options?

What were the fees charged by the physician(s)? Most excessive charges are not the physician fees, but $20,000 charges for durables, implantables, labs and facility fees. We still have cost-shifting in the system; people who can pay a lot more, do. You rarely read published stories about no-pay, uni...
by goodenyou
Thu Sep 06, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 286
Views: 27838

Re: U.S. stocks continue to soar!

After several bad days, we can change the title to US Stocks Continue to Sore!
by goodenyou
Wed Sep 05, 2018 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9861

Re: Max you should invest in a 529?

I had well over a hundred of thousands in gains over the 13 years investing in a 529. I have paid no taxes on the qualified distributions. If I had cash flowed it, I would not have had the extra several tens of thousands in "free capital gains". It depends on your circumstances. goodenyou, I "cash ...
by goodenyou
Wed Sep 05, 2018 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9861

Re: Max you should invest in a 529?

I had well over a hundred of thousands in gains over the 13 years investing in a 529. I have paid no taxes on the qualified distributions. If I had cash flowed it, I would not have had the extra several tens of thousands in "free capital gains". It depends on your circumstances. goodenyou, I "cash ...
by goodenyou
Wed Sep 05, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9861

Re: Max you should invest in a 529?

I had well over a hundred of thousands in gains over the 13 years investing in a 529. I have paid no taxes on the qualified distributions. If I had cash flowed it, I would not have had the extra several tens of thousands in "free capital gains". It depends on your circumstances.
by goodenyou
Wed Sep 05, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496953

Re: U.S. stocks in freefall

Haven't you heard? We're going to go into a recession the second half of next year. You can take it to the bank.... Nice chart at MarketWatch today: https://farm2.staticflickr.com/1893/44364009251_20055175e1_o.jpg https://www.marketwatch.com/story/the-road-to-fresh-stock-market-highs-is-littered-wi...
by goodenyou
Wed Sep 05, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496953

Re: U.S. stocks in freefall

Haven't you heard? We're going to go into a recession the second half of next year. You can take it to the bank.... Nice chart at MarketWatch today: https://farm2.staticflickr.com/1893/44364009251_20055175e1_o.jpg https://www.marketwatch.com/story/the-road-to-fresh-stock-market-highs-is-littered-wi...
by goodenyou
Sun Sep 02, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Best place for cash to buy house
Replies: 4
Views: 649

Re: Best place for large cash position (1m) to buy house

Vanguard Prime Money Market @2.08% right now. That's where mine is (around same amount as you have, give or take).
by goodenyou
Sun Sep 02, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Fully maxed out
Replies: 30
Views: 3030

Re: Fully maxed out

You would have to live in a tent and eat rice and beans. Your marriage may not last either. You could win the financial martyr award doing this on an income less than $300k, especially in a state with a relatively high income tax. Having a huge imbalance between taxable and tax advantaged is not adv...
by goodenyou
Sun Sep 02, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Asset location strategy
Replies: 9
Views: 713

Re: Asset location strategy

This subject comes up frequently. The quality of choices in taxed vs. tax-privileged can also be a factor in the decision. When you are limited to poor choices in an employer-based 401k, the decision on asset location can be more complicated. Poorly run 401k Plans with high fees and poor choices is ...
by goodenyou
Sat Sep 01, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: The US debt is even larger than stated
Replies: 25
Views: 2019

Re: The US debt is even larger than stated

acegolfer wrote:
Sat Sep 01, 2018 3:42 pm
A related q: What % of Fed gov't spending is on interest pmt on existing Treasury?
7.4% or $310 Billion for 2018
by goodenyou
Sat Sep 01, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: The US debt is even larger than stated
Replies: 25
Views: 2019

Re: The US debt is even larger than stated

A reminder to readers about prohibited topics for this discussion: US or world economic, political, tax, health care and climate policies You can get mad about it, but from an investment perspective, it would be foolish to try to create a strategy around it. It's just like predicting the direction ...
by goodenyou
Sat Sep 01, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: So who's rebalancing stocks to bonds right now?
Replies: 38
Views: 4569

Re: So who's rebalancing stocks to bonds right now?

Maybe the OP is overweight international and he has to re-balance to US stocks.
by goodenyou
Sat Sep 01, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: The US debt is even larger than stated
Replies: 25
Views: 2019

Re: The US debt is even larger than stated

You can get mad about it, but from an investment perspective, it would be foolish to try to create a strategy around it. It's just like predicting the direction of the stock market with elections. That was an abysmal failure for many. Just don't live your financial life like the federal government.
by goodenyou
Fri Aug 31, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: more rotten service from Vanguard [ACH transfer, fund availability]
Replies: 30
Views: 4604

Re: more rotten service from Vanguard [ACH transfer, fund availability]

I am not going to bash Vanguard, but their photo deposit takes FOREVER to clear. I will never do that again. I like Vanguard, but I keep my Schwab account to be able to move money with much more alacrity. I can sweep money between Schwab and my checking account much much faster. Vanguard is way behi...
by goodenyou
Thu Aug 30, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Should I move all my bonds to 401K?
Replies: 9
Views: 1051

Re: Should I move all my bonds to 401K?

Do you have a low cost Stable Value fund in your 401k? Some here have reported SVF yields as high as 2.5-3%. Vanguard Tax Exempt Intermediate Term Bond Fund (VWIUX) is yielding 2.42%. I have the same issue with high fee 401k. I have opted to split the difference. I put a significant amount in SVF (4...
by goodenyou
Wed Aug 29, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4835

Re: Done saving for retirement according to firecalc?

The closer you get to death (older) without touching your retirement nest egg, the greatly likelihood that your money will outlive you. For those that can tolerate their jobs or are paralyzed by the decision to retire, that can be a winning strategy. Some continue to accumulate for legacy purposes ...
by goodenyou
Wed Aug 29, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4835

Re: Done saving for retirement according to firecalc?

The closer you get to death (older) without touching your retirement nest egg, the greater the likelihood that your money will outlive you. For those that can tolerate their jobs or are paralyzed by the decision to retire, that can be a winning strategy. Some continue to accumulate for legacy purpos...
by goodenyou
Wed Aug 29, 2018 7:21 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11857

Re: How do you 7 figure guys organize multiple accounts?

Vanguard Portfolio Analyzer. Manual input from outside accounts, but overall pretty easy. Gives a quick snapshot of total portfolio asset allocation and approximate net worth. It’s good enough.
by goodenyou
Mon Aug 27, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496953

Re: U.S. stocks in freefall

Locked? Are you kidding? This thread is therapy for many Bogleheads.
by goodenyou
Sun Aug 26, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496953

Re: U.S. stocks in freefall

AlphaLess wrote:
Sun Aug 26, 2018 12:10 pm
ReformedSpender wrote:
Wed Jul 25, 2018 8:05 pm
Remember all the doom and gloom posts from February?
Ah, those were the good old days!

Aug, 2011
Aug, 2015
Jan, 2016
Feb, 2018
Good new days will be coming soon! Stocks tend to fluctuate.
by goodenyou
Sun Aug 26, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5698

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

Once I understood that the attempt at principal preservation with low risk investments was a risk to long term portfolio failure with de-accumulation, I took the leap of faith in more stock exposure. If you read the papers on SWR, you will understand the need for growth over the long haul. Even thou...