Search found 1468 matches

by goodenyou
Fri Jan 18, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Child Turning 18 in a few weeks
Replies: 17
Views: 1129

Re: Child Turning 18 in a few weeks

When I was a Resident in my mid 20s, single and without kids, an older Surgery Professor had been quietly listening to a conversation (about raising children) during the operation. He picked his head up and said, “the first 30 YEARS are the hardest”. I had no context then, but I do now 30 years later.
by goodenyou
Fri Jan 18, 2019 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Differences in Investment Approach
Replies: 42
Views: 1140

Re: Differences in Investment Approach

Are there other contentious topics that BH's tend to disagree on?
Is home equity included in your net worth calculation?
by goodenyou
Fri Jan 18, 2019 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's 401k investment options are bad...options?
Replies: 11
Views: 431

Re: Wife's 401k investment options are bad...options?

Ask if the plan has an in-service rollover. Don’t know all the details of how this works, but apparently some plans allow you to rollover to an IRA while in service. It was suggested to me years ago with my lousy plan with high fees. I use a Stable Value Fund as a bond proxy in my 401k. It has low f...
by goodenyou
Fri Jan 18, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10112
Views: 1784528

Re: U.S. stocks in free fall

nisiprius wrote:
Fri Jan 18, 2019 11:14 am
MJS wrote:
Sat Jan 12, 2019 1:46 pm
"Well, it looks like the BM is over...
Seriously, do people use BM as an initialism for "bull market?"
Actually, a BM occurs when the market goes down, as in a Bear Market :wink:
by goodenyou
Fri Jan 18, 2019 11:16 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10112
Views: 1784528

Re: U.S. stocks in free fall

Anyone still hold cash on the sideline? I do. I am close to my 50% stock allocation. I have a (very) large position in Prime Money Market at 2.45%. I am deciding between deploying it to a higher percentage of stocks or be happy with 2.45% with little risk to the downside. I have little need to take...
by goodenyou
Thu Jan 17, 2019 12:22 pm
Forum: Investing - Theory, News & General
Topic: Retirement savings new research
Replies: 23
Views: 4348

Re: Retirement savings new research

Isn’t Pfau an advocate of the Essential Portfolio and Discretionary Portfolio concept? Using a SPIA for the EP and letting the rest ride in equities for the DP? Essentially taking all the risk in the discretionary side.
by goodenyou
Wed Jan 16, 2019 6:30 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 828
Views: 41236

Re: John Bogle is dead at 89

What a great human being. A tremendous legacy as a decent and honorable man. Incredible contribution to the world of personal finance that made the lives of many much better.

RIP Jack.
by goodenyou
Tue Jan 15, 2019 5:11 pm
Forum: Investing - Theory, News & General
Topic: Timing the (Bond) Market
Replies: 4
Views: 396

Timing the (Bond) Market

I understand the perils of timing the stock market. It has large fluctuations and trying to time it is a fools' errand. What I'm trying to figure out is the difference in yield that would motivate me to move money market (cash ) into the bond market and risk the fluctuation in principal. The yields ...
by goodenyou
Tue Jan 15, 2019 12:01 am
Forum: Investing - Theory, News & General
Topic: Super Short Term Bond Risks
Replies: 16
Views: 1400

Re: Super Short Term Bond Risks

Is the spread of tax-adjusted returns between an ultra short bond fund and the Prime Money Market fund (VMMXX) worth it, even at the highest marginal rate? If you factor the zero chance of NAV fluctuation in VMMXX, what is the premium differential that you believe is worth the added risk? Is this l...
by goodenyou
Mon Jan 14, 2019 8:01 pm
Forum: Investing - Theory, News & General
Topic: Anyone beating the index instead of buying it?
Replies: 51
Views: 5055

Re: Anyone beating the index instead of buying it?

<<it adds up to a lot over the long term.>> 2) No, it does not matter. You're a smart guy and have some great thoughts but you're just dead wrong about this An additional 50bp of CAGR over 10 years is a BIG difference No, it is not. Show me the number. And, I can prove it. KlangFool https://www.por...
by goodenyou
Mon Jan 14, 2019 7:44 pm
Forum: Investing - Theory, News & General
Topic: Super Short Term Bond Risks
Replies: 16
Views: 1400

Re: Super Short Term Bond Risks

VWSUX (Short Term Tax-Exempt) has a yield of 186 basis points with a 52 week range of NAV 0.45% VUSFX (Ultra Short Term) has a yield of 281 basis points with a 52 week range of NAV 0.35% VBIRX (Short Term) has a yield of 287 basis points with a 52 week range of NAV 1.67% VMMXX (Prime Money Market) h...
by goodenyou
Mon Jan 14, 2019 5:59 pm
Forum: Investing - Theory, News & General
Topic: Super Short Term Bond Risks
Replies: 16
Views: 1400

Re: Super Short Term Bond Risks

Is the spread of tax-adjusted returns between an ultra short bond fund and the Prime Money Market fund (VMMXX) worth it, even at the highest marginal rate? If you factor the zero chance of NAV fluctuation in VMMXX, what is the premium differential that you believe is worth the added risk? Is this lo...
by goodenyou
Sun Jan 13, 2019 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 52
Views: 4748

Re: Does anyone have entire 401K in bonds?

I have a 401(k)/Pension and Profit Plan with (relatively) high fees. High fees for a Vanguard/Boglehead. It is managed by a firm that believes in glossy brochure toting suit-wearing representatives. Therefore, it has an unnecessary higher fee structure. The "best" option for equities was an index fu...
by goodenyou
Sun Jan 13, 2019 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest cash to retire tomorrow?
Replies: 27
Views: 4370

Re: Where to invest cash to retire tomorrow?

I would recommend a 45/45/10 (cash) portfolio with the cash portion in laddered CDs and Prime Money Market. That’s my personal plan. There may be ways to fine tune the portfolio to eek out better performance with expert advice that may cost you money. It may be worth the small cost, if any, to have ...
by goodenyou
Sat Jan 12, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5031

Re: Diagnosing Knee Problems over the Phone - Medicare

Without delving into politics, this laymen would be happy to see every doctor who wants to be licensed to practice in this country to be required to accept a certain percentage of Medicare patients, taking the burden off of others in their profession who carry the load, while perhaps shortening the...
by goodenyou
Sat Jan 12, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5031

Re: Diagnosing Knee Problems over the Phone - Medicare

This is why Medicare is called an "entitlement". Only certain people call Medicare an entitlement, the ones who like to ignore the fact that people have been taxed for it all their working lives. Not every taxpayer pays enough to cover their healthcare consumption.... That's the same with any type ...
by goodenyou
Sat Jan 12, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5031

Re: Diagnosing Knee Problems over the Phone - Medicare

Without delving into politics, this laymen would be happy to see every doctor who wants to be licensed to practice in this country to be required to accept a certain percentage of Medicare patients, taking the burden off of others in their profession who carry the load, while perhaps shortening the...
by goodenyou
Sat Jan 12, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5031

Re: Diagnosing Knee Problems over the Phone - Medicare

This is why Medicare is called an "entitlement". Only certain people call Medicare an entitlement, the ones who like to ignore the fact that people have been taxed for it all their working lives. Not every taxpayer pays enough to cover their healthcare consumption. It’s not even a fraction in most ...
by goodenyou
Thu Jan 10, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5031

Re: Diagnosing Knee Problems over the Phone - Medicare

cheese_breath wrote:
Thu Jan 10, 2019 11:18 am
I guess times have changed. I had a knee issue way back in '97 or '98 and didn't have any problem getting in to see a specialist while on Medicare.
The economics of medicine changes in dog years.
by goodenyou
Wed Jan 09, 2019 10:59 pm
Forum: Investing - Theory, News & General
Topic: Your Vanguard Page
Replies: 32
Views: 2858

Re: Your Vanguard Page

I look at it frequently because I am sweeping money into my Vanguard accounts from my local bank account. I confirm the transaction. Also, I check frequently to be sure it hasn’t been hacked or tampered with. Gives me piece of mind. I also use Portfolio Watch and I have to manually input changes to ...
by goodenyou
Wed Jan 09, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5031

Re: Diagnosing Knee Problems over the Phone - Medicare

Thanks to all for your suggestions. It seems that one of the advertised benefits of our Medicare supplemental of "Not needing a referral" is simply a marketing tool that doesn't stand up to reality. I will stop being penny wise and pound foolish in trying to avoid what I perceived was an unnecessar...
by goodenyou
Wed Jan 09, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: Paying "cash" for auto - possibly w regular credit card?
Replies: 53
Views: 3932

Re: Paying "cash" for auto - possibly w regular credit card?

I bought a loaded Suburban with a credit card once (10 years ago). $65k. No dealer has let me put more than $5k of the cost since. I jut pay cash (check) now. I have had dealers beg me to finance cars in the past.
by goodenyou
Wed Jan 09, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7271

Re: Is buying a $700K first home crazy?

Carrying a $450k mortgage with $300k income in an area that has a hot housing market is not a problem. If that is not the upper end of the market, I think it should be fine.
by goodenyou
Wed Jan 09, 2019 10:49 am
Forum: Personal Consumer Issues
Topic: Best town I've never heard of [for relocating]
Replies: 137
Views: 20400

Re: Best town I've never heard of [for relocating]

joe8d wrote:
Sat Oct 11, 2014 10:12 pm
I know that Amherst,NY is on that MONEY list.
Great place in the (short) summer. Family there.
by goodenyou
Mon Jan 07, 2019 3:51 pm
Forum: Personal Consumer Issues
Topic: House hunting in San Antonio (relocating from IL) - What to watch out for?
Replies: 31
Views: 1595

Re: House hunting in San Antonio (relocating from IL) - What to watch out for?

Congratulations on your new job. Get a good a/c and maintain it well. You will get a lot of comments about where you live on this forum. Some will be snarky and rude.
by goodenyou
Mon Jan 07, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 88
Views: 6688

Re: Child # 3 - seeking advice from older members

3 here. 21,19,and 16. We started in out 30's due to long track education. Had 2 boys and my wife insisted she wanted to try for a girl. She won and we both won with a girl. It's a blessing to have kids. It's not easy, but nothing worthwhile in life is easy. Cost wasn't an issue. Thankfully, we had p...
by goodenyou
Mon Jan 07, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 81
Views: 6251

Re: What do you think are (some of) the best states to live in?

Grew up in NY. Lived in Illinois for many years. Moved to Texas many years ago. Prefer Texas by a long shot. Heat and all. No more long and miserable winters with very short days and little sun. I thank the financial opportunities and low taxes I had Texas for the freedom to retire many years earlier.
by goodenyou
Mon Jan 07, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 81
Views: 6251

Re: What do you think are (some of) the best states to live in?

ETadvisor wrote:
Sun Jan 06, 2019 8:15 pm
These have the most people so arguably most popular:

1) California

2) Texas

3) Florida

4) New York
Based on population, they would be right.
by goodenyou
Mon Jan 07, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1907

Re: Warren Buffett on value investing

Aswath Damodaran – Laws of Valuation: Revealing the Myths and Misconceptions (FULL PRESENTATION) https://www.youtube.com/watch?v=c20_S-QgvsA This is outstanding (in my opinion). Damodaran is fantastic. EVA is a very intriguing approach. i love buffet and his folksy one-line zingers. truly. i also d...
by goodenyou
Sun Jan 06, 2019 6:08 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1907

Re: Warren Buffett on value investing

Hence my comments about people literally shopping themselves out of their own jobs, first at Wal-Mart and then at Amazon. Wal-Mart at least made good profits. Amazon made the all-time innovation in corporate finance in that you can keep investing so much back into the business that you don't really...
by goodenyou
Sun Jan 06, 2019 5:54 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1907

Re: Warren Buffett on value investing

His comments about Amazon where interesting. Professor Damodaran said that he no longer thinks of Amazon.com as a retail company but as a disruption platform. It disrupts every business that it gets into. He said it was a difficult company to value partly because it is hard to tell what phase of it...
by goodenyou
Sun Jan 06, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1907

Re: Warren Buffett on value investing

The three things you need to know about Corporate Finance: 1) The investing decision (invest in assets that have a return greater than the minimum acceptable hurdle rate), 2) The financing decision (finding the right mix of debt and equity to fund your operations), and 3) the dividend decision (if ...
by goodenyou
Sun Jan 06, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1907

Re: Warren Buffett on value investing

He did address the future of General Electric. He said the Bataan Death March. Not too encouraging. But then again, if I sold my GE stock, I would have less to write about. Without divulging too much, let's just say there is a small degree of separation between Larry Culp and me. It was not a flatt...
by goodenyou
Sun Jan 06, 2019 4:39 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1907

Re: Warren Buffett on value investing

Aswath Damodaran – Laws of Valuation: Revealing the Myths and Misconceptions (FULL PRESENTATION) https://www.youtube.com/watch?v=c20_S-QgvsA This is outstanding (in my opinion). Thank you. I am watching it now. "Valuation can never just be about the numbers. A good valuation always has a story embe...
by goodenyou
Sun Jan 06, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9870

Re: Are we at "Peak FI"?

If we could answer that question, we could time the market. I think it goes without saying that in the Go-Go Times of an ever-increasing stock market, the wealth effect for consumption or the new wealth effect of FI (the new status symbol) is real. If you have your eyes on FI, you don't risk it with...
by goodenyou
Sun Jan 06, 2019 4:17 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1907

Re: Warren Buffett on value investing

Aswath Damodaran – Laws of Valuation: Revealing the Myths and Misconceptions (FULL PRESENTATION)

https://www.youtube.com/watch?v=c20_S-QgvsA

This is outstanding (in my opinion).
by goodenyou
Sun Jan 06, 2019 3:46 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5959

Re: How do you view a savings surplus in retirement?

A 25 percent cushion is exactly what I figured into our retirement budget. If we have a little left over at the end of the year we reinvest the funds. Better to have too much to leave for the kids. There seem to be lots of people looking at things sort of this way. I have zero concern about the siz...
by goodenyou
Sun Jan 06, 2019 3:20 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5959

Re: How do you view a savings surplus in retirement?

Legacy. Also, to be as bulletproof as possible. I am sure there are studies that show that behavior is consistent over time. That is, savers' frugality persist over time. Having "extra" doesn't increase consumption.
by goodenyou
Sun Jan 06, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8240

Re: What Do You Spend The Most On Annually?

Where our money goes: 1. Savings (My 401k, Pension/Profit at my business, Wife's 401k, and Taxable (most)) 2. Federal income Taxes with FICA and Medicare 3. College costs (x2, soon 3). Thanks to the 529, but still have many "extras" 4. Housing maintenance (housekeeper, gardener, pool, repairs, water...
by goodenyou
Sun Jan 06, 2019 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Advice for investing a large 2019 short-term capital gain?
Replies: 7
Views: 684

Re: Advice for investing a large 2019 short-term capital gain?

Max out any tax advantaged opportunities you have, and create more if applicatable.Good luck! Thanks! Could you expand on "create more"? Invest. Buy low and sell high. Rinse and repeat. All in less than a year. Huh? Try to time the market and create more taxable events? I think the poster meant cre...
by goodenyou
Sat Jan 05, 2019 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: 7% guaranteed return fund in 403b
Replies: 23
Views: 2934

Re: 7% guaranteed return fund in 403b

Grt2bOutdoors wrote:
Sat Jan 05, 2019 3:16 pm
tibbitts wrote:
Sat Jan 05, 2019 3:06 pm
Agree, I would put as much as possible into this fund.
The participants are, that is why the state of NY has been paying them over $1 billion in interest over the past few years.
And that's why I left NY....
by goodenyou
Sat Jan 05, 2019 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for investing a large 2019 short-term capital gain?
Replies: 7
Views: 684

Re: Advice for investing a large 2019 short-term capital gain?

weedle622 wrote:
Sat Jan 05, 2019 2:48 pm
aspirit wrote:
Sat Jan 05, 2019 1:58 am
Max out any tax advantaged opportunities you have, and create more if applicatable.Good luck!
Thanks! Could you expand on "create more"?
Invest. Buy low and sell high. Rinse and repeat. All in less than a year.
by goodenyou
Sat Jan 05, 2019 2:54 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Sky Isn’t Falling
Replies: 17
Views: 2071

Re: Larry Swedroe: Sky Isn’t Falling

Think it’s called the DALBAR study. Investors underperform the funds they invest in. The skanky DALBAR study of ill-repute? C'mon, that study has been trashed so many times, nobody believes it anymore, much less cites it. It's been relegated to the trash bin of Fake News for years now. (Perhaps you...
by goodenyou
Sat Jan 05, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: Taming the Alpha beast!
Replies: 19
Views: 1282

Re: Taming the Alpha beast!

Judgement comes from experience. Bad experience leads to good judgement.
by goodenyou
Fri Jan 04, 2019 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Two years from retirement - what's more important?
Replies: 57
Views: 2591

Re: Two years from retirement - what's more important?

The answer all depends on the multiple of expenses you have saved and the length of your retirement.
by goodenyou
Fri Jan 04, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 712
Views: 116675

Re: High Earners - What's Your Profession?

Deleted (duplicate)
by goodenyou
Fri Jan 04, 2019 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 712
Views: 116675

Re: High Earners - What's Your Profession?

early to mid 30s MD >$1M, <40 hours/week surgical subspecialty 4 years experience, I was making that income by year 2 This is not a common pathway in medicine so of course I think it's worth it and feel incredibly blessed. Which surgical subspeciatly ? Would be grt if you could provide more details...
by goodenyou
Thu Jan 03, 2019 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 8898

Re: Opinions sought $3.5 M Net Worth

Sorry for the confusion. Net worth now $3.5M with $500k of that in my house. I am not including the trust money in my net worth. Assuming you keep your house, you have $3.8 million in savings and investments you could live off. A basic back of the envelope calculation using the 4% rule means that p...
by goodenyou
Wed Jan 02, 2019 10:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10112
Views: 1784528

Re: U.S. stocks in free fall

I think AAPL is beginning to show the expected decline without Jobs. He was the visionary. It's getting long in the tooth in my opinion.
by goodenyou
Wed Jan 02, 2019 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Delaying retirement just to help adult children
Replies: 66
Views: 6139

Re: Delaying retirement just to help adult children

I have a colleague that continues to work despite a nest egg between $10-15M. I asked him why since he is very frugal and doesn't spend much. He said it was for his 2 boys and his grandchildren. His kids make a small fraction of what he makes with no prospects of upward mobility. He is 70 years old ...