Search found 1190 matches

by goodenyou
Sun Jun 17, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11478

Re: MD&P just purchased X / sold Y [md&pharmacist]

The desire to achieve average annualized returns of 30-40% would elevate you to the greatest investors of all time Another pointless "bashing" post. Let's let him post or not post his moves. Not a “bash”. Wasn’t intended to be. It should have read ability not desire. It would be the truth.
by goodenyou
Sun Jun 17, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11478

Re: MD&P just purchased X / sold Y [md&pharmacist]

A bunch of jabbering in this thread without any recent trades. Can the replies cease until OP actually makes a purchase/sell? OP, can your next post in this thread be just that? Thanks. I understand, all of this subjectivity drowns out the objectivity for those genuinely interested (possibly by des...
by goodenyou
Sun Jun 17, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 100581

Re: Anyone regret paying off mortgage early?

Let me add another spin on the “pay the mortgage off” debate. I recently had a conversation with my wife about our experience of building our last home. We were relatively young and naive at the time. We spent on items in the house that were regretfully unnecessary. They were financed and “hidden” f...
by goodenyou
Sun Jun 17, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 100581

Re: Anyone regret paying off mortgage early?

The discipline to pay off your home “early” has value in establishing sound investment structure and routine. From a pure financial standpoint (retrospectively in the bull market over the past years), staying leveraged in a mortgage would have been the better choice. I do not regret leaving money on...
by goodenyou
Fri Jun 15, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11478

Re: MD&P just purchased X / sold Y [md&pharmacist]

With your skill in investing, there aren't many on this forum that can beat your performance. Most people here are boring index investors that believe in statistics. That is, the overwhelming majority of investors cannot beat the market in the long run. The ones that can will be justly rewarded for ...
by goodenyou
Thu Jun 14, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 46
Views: 2342

Re: Question for those who used 529 plans

50% total return over about 8 years. Texas resident. Utah 529. I funded 3 kids with it. Used fixed asset plans and reduced equity as approached college. Went to 100% FDIC when there was enough to meet (and slightly exceed) all the posted college costs. #1 Child costs are exceeding published cost and...
by goodenyou
Sat Jun 09, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

The absolute worse thing a high-income family (that wants to shield their kids from education debt) can do is not to save early for their kid's college education. They find out too late that there is little merit money out there, and their superstar child may not be so super after all. They will of...
by goodenyou
Fri Jun 08, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

The absolute worse thing a high-income family (that wants to shield their kids from education debt) can do is not to save early for their kid's college education. They find out too late that there is little merit money out there, and their superstar child may not be so super after all. They will oft...
by goodenyou
Fri Jun 08, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 66
Views: 8978

Re: The Psychology of Money - A Blog Post

For me, this one stood out ..... "Wealth, in fact, is what you don’t see. It’s the cars not purchased. The diamonds not bought. The renovations postponed, the clothes forgone and the first-class upgrade declined. It’s assets in the bank that haven’t yet been converted into the stuff you see." 1210 ...
by goodenyou
Fri Jun 08, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 66
Views: 8978

Re: The Psychology of Money - A Blog Post

Great article. Many pearls of wisdom. Thanks for sharing. Will share with family and friends.
by goodenyou
Fri Jun 08, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: $1M Question
Replies: 38
Views: 4824

Re: $1M Question

I assume you are only considering legal ways to do it. Then it would be nothing would achieve a return like that.
by goodenyou
Fri Jun 08, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

The fact that so many of your immediate family was able to to afford so many degrees indicates your family is in the top ±5% of the country so it's more likely than not that they will be successful. Starting halfway to the finish line makes it pretty easy to cross. No offense is intended by this bu...
by goodenyou
Fri Jun 08, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Penfed CD @ 3% - 5 year
Replies: 16
Views: 2179

Re: Penfed CD @ 3% - 5 year

Is it reasonable to use this CD as a tax deferred storage of cash if you have not specific libility matching (other than the RMD possiblity - cashing in the CD early to pay RMD of market conditions warrant it). But there is not specific libility that I am anticipating for which this money is "sched...
by goodenyou
Wed Jun 06, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

I don’t think there are many things that ingnite the excitement of overachievers more than the discussion of the education of their children.
by goodenyou
Wed Jun 06, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Scholarships are given based on high achievement for well rounded students. I agree with the first half of your statement, but I’ve seen scholarships go to “pointy” students also, especially if their pointiness comes from math/science. In my experience, depth is much more important than "roundednes...
by goodenyou
Wed Jun 06, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1762

Re: Prepping for College Fall 2019

Is there a time limit on withdrawing money from the 529 based on grants and scholarships? Could someone, at the end of four years, go back and pull money out of the 529 for four years worth of scholarships, thus waiting to see how much of the 529 remains at that point? I am guessing it has to be do...
by goodenyou
Wed Jun 06, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6250

Re: Expensive house in HCOL area

At $1,000+/sq. ft., let's hope it continues to go up. Unfortunately, the "commoners" that service these people will have longer and longer commutes. You are brilliant (lucky) if you know when to get out and realize all those gains.
by goodenyou
Mon Jun 04, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12462

Re: Can Retired 60 yo MD, MBA Start a Law Career?

"I was a PhD student for a while and academia sucks, I don't care if it's law or something else. Lots of politics, people fighting over little things, cliques, etc. The worst." I admit I haven't considered these sorts of factors, except to assume that they are more or less the same in every setting...
by goodenyou
Mon Jun 04, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Yes, merit scholarships. Assuming no other non-test/academic factors that would make child's profile stand out, applying to a school where child is considered top flyer can lead to merit scholarships particularly in engineering and science schools. Average kids can get merit scholarships? Remember:...
by goodenyou
Mon Jun 04, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Can a physician work in tech while practicing as well?
Replies: 57
Views: 3774

Re: Can a physician work in tech while practicing as well?

BS Biomedical Engineering and MD. Surgical Specialist. In order to have bona fides as a surgeon, you have to have experience. That requires 5-6 years of residency and a good 10+ years of practice. If I tried to do anything else during residency, I would have been thrown out. If you wanted to revisit...
by goodenyou
Sun Jun 03, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

About 240,000 students applied to try to get into just 8 Ivies. That doesn't include all the other private institutions that charge $50-70K per year today. A lot looking to be overcharged for sure. Not my cup of tea either, but great demand to be overcharged.
by goodenyou
Sun Jun 03, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50572

Re: How much money do you want to retire?

I didn't read through all the posts, so forgive me if this was already said. It would be interesting to correlate pre-retirement income and "how much money do you want to retire?". Someone who lives large on $1M of yearly income will have a tremendous fixed cost entering retirement. If you are not a...
by goodenyou
Sat Jun 02, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

In 18 years, a college degree could cost $500,000. https://www.cnbc.com/2017/03/17/in-18-years-a-college-degree-could-cost-about-500000.html I wonder what the projections were 18 years ago. I wonder if they were close to $250,000-$300,000. Parents need to save a lot if they want to insulate their ki...
by goodenyou
Sat Jun 02, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Financial setback stories
Replies: 21
Views: 3465

Re: Financial setback stories

Read "Winning the Loser's Game" by Charles Ellis. It prevented me from repeating a lot of these stories.
by goodenyou
Fri Jun 01, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Due to grade inflation in high schools accompanied with the SAT being made easier it is difficult for the top kids to differentiate themselves. Even the SAT Math II score of 800 is awarded to 75% of the kids who take it. Another reason to give merit aid to ongoing students who are at the top of the...
by goodenyou
Fri Jun 01, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Due to grade inflation in high schools accompanied with the SAT being made easier it is difficult for the top kids to differentiate themselves. Even the SAT Math II score of 800 is awarded to 75% of the kids who take it. Another reason to give merit aid to ongoing students who are at the top of the...
by goodenyou
Fri Jun 01, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17546

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Merit money hard to come by unless kid is really accomplished. Universities are really pushing for debt-free for some based on stratified need. The rub I have for merit based is that there is little out there for the very good student who gets no merit aid on the admission, outperforms the merit kid...
by goodenyou
Fri Jun 01, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8588

Re: is Having more and needing less normal?

Time becomes a huge priority as you age (or if you become seriously ill). Yes, priorities change. The more ("things) I have, the less I want. My 'wants" are often what money cannot buy.
by goodenyou
Fri Jun 01, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12441

Re: Have $3m at 33, "approach to career" advice needed

Do something productive. Don't let your marriage fall apart. Continue to earn the respect of your wife and kids. You're too young not to. Also, it will cost you a fortune if you don't. Find purpose.
by goodenyou
Fri May 18, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4245

Re: Surgeon salary vs owning a business salary/profit?

Choosing a career in medicine is very unpredictable. Getting into medical school, doing well in medical school, getting (and liking) into a high-paying specialty residency are all unpredictable. If you want to be rich, immerse yourself in a career that is all about money. Finance/accounting etc. whe...
by goodenyou
Wed May 16, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24253

Re: Lucrative careers?

Start a religion or become a Televangelist. You could also become a Late Night Host and tell bad jokes. You could turn letters on the Wheel of Fortune and get paid millions. Don't always assume that importance and value of what you do is tied to how much you make.
by goodenyou
Tue May 15, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Did you go 100% Cash-FDIC in 529 at HS graduation or before?
Replies: 13
Views: 1153

Re: Did you go 100% Cash-FDIC in 529 at HS graduation or before?

I decided to lock in my gains over the past 10 years in a 529 for 2 college-aged kids. Had about $75k in gains. Still have one finishing 9th grade @ 40/30/30 (S/B/C). Did you go to cash at age 18 or different AA? I moved funds to the “portfolio for college” option within the 529 plan in which I had...
by goodenyou
Mon May 14, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Did you go 100% Cash-FDIC in 529 at HS graduation or before?
Replies: 13
Views: 1153

Did you go 100% Cash-FDIC in 529 at HS graduation or before?

I decided to lock in my gains over the past 10 years in a 529 for 2 college-aged kids. Had about $75k in gains. Still have one finishing 9th grade @ 40/30/30 (S/B/C). Did you go to cash at age 18 or different AA?
by goodenyou
Mon May 14, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12420

Re: New(ish) attending physicians in the Bay Area: Housing

Just out of curiosity, those that have or advocate a “1-2 hour” commute, how exactly do you take emergency call? My patient would be dead by the time I got there in 1-2 hours.
by goodenyou
Sun May 13, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12420

Re: New(ish) attending physicians in the Bay Area: Housing

I read this post in disbelief. I live in Texas. We are inundated with California transplant physicians who realize, after several years, that they were playing a loser's game. Your work will continued to be devalued as a physician, and at the rate you are going, the finish line will continue to get ...
by goodenyou
Mon May 07, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 17427

Re: What Percentage CASH are you?

Deleted. Duplicate
by goodenyou
Mon May 07, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 17427

Re: What Percentage CASH are you?

15%. I am saving for my next home that will be paid for in cash. My ideal allocation will be 5% in retirement in about 5-10 years.
by goodenyou
Thu May 03, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15664

Re: How do you know when you have "won the game"?

When you make a lot of money, you have the luxury of spending. If you enjoy spending on high priced cars, vacations, jewelry, clubs, wine, and kids activities (and their contiuned privileged lifestyle), it takes a tremendous amount of money. It is also hard to avoid lifestyle creep. The extra $10-20...
by goodenyou
Thu May 03, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: "Gap in financial literacy widens for couples the longer the relationship lasts, study suggests"
Replies: 13
Views: 1840

Re: "Gap in financial literacy widens for couples the longer the relationship lasts, study suggests"

The reason for the "majesty of simplicity". Divide and conquer has always been our motto. We gravitate toward the tasks we enjoy (or can best tolerate). A basic understanding of finance is imperative. It is essential to at least understand how to implement (continue) the agree to plan. I have writte...
by goodenyou
Wed May 02, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15664

Re: How do you know when you have "won the game"?

Everyone plays a different game with different rules. I find earning an income an important part of my being. Knowing I can show up to work and quit at anytime is sufficient for me, but my wife and I like show an example of hard work for our young adult children. Legacy for my kids and grand kids ar...
by goodenyou
Wed Apr 18, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review looking to retire in 1-2 years
Replies: 23
Views: 2723

Re: Portfolio review looking to retire in 1-2 years

Expenses are the key to this analysis. I thought kids were expensive when they were under 10 years of age. For us, the expenses of 3 young adults around the age of 20 are tremendous. Retiring before 50 with young children, in my opinion, would require a conservative withdrawal plan. Your plan on su...
by goodenyou
Wed Apr 18, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review looking to retire in 1-2 years
Replies: 23
Views: 2723

Re: Portfolio review looking to retire in 1-2 years

Expenses are the key to this analysis. I thought kids were expensive when they were under 10 years of age. For us, the expenses of 3 young adults around the age of 20 are tremendous. Retiring before 50 with young children, in my opinion, would require a conservative withdrawal plan. Your plan on sup...
by goodenyou
Sat Apr 14, 2018 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Aren't we betting a bit too heavily on US stocks and bonds?
Replies: 34
Views: 2766

Re: Aren't we betting a bit too heavily on US stocks and bonds?

My personal decision on international exposure has more to do with stability of governments, accountability and transparency. In my opinion, there are several markets around the world including China and Russia that are seriously lacking in this criterion. The quality, not just size, of a market is ...
by goodenyou
Fri Apr 13, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable prescription drug
Replies: 42
Views: 3880

Re: Unaffordable prescription drug

How long do you plan to be on this expensive drug? If it is off label, maybe you can enroll in a study and be comped the medication. I would seek a second opinion by an expert at a reputable academic center familiar with the treatment options for your condition. I don't know how long I would be on ...
by goodenyou
Fri Apr 13, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 6293

Re: Could you support family on 1 income?

If you ask that question in a family with a high earning spouse, of course. We made all of our decisions based on 1 income since we had 3 kids. My wife went back to school and re-entered the workforce in her 40s. It can be done. You just have to find the right place and right job.
by goodenyou
Fri Apr 13, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable prescription drug
Replies: 42
Views: 3880

Re: Unaffordable prescription drug

How long do you plan to be on this expensive drug? If it is off label, maybe you can enroll in a study and be comped the medication. I would seek a second opinion by an expert at a reputable academic center familiar with the treatment options for your condition.
by goodenyou
Wed Apr 11, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Prescription drug costs
Replies: 22
Views: 1390

Re: Prescription drug costs

If someone could crack the Ivermectin for dogs racket, that would be great. A "required" vet visit per year for a one year supply of Heartgard is getting ridiculous! And, I have 2 dogs!
by goodenyou
Mon Apr 09, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12542

Re: What is your AA, given your age? and, Why?

52yo. Wife 50yo. 62/28/10. S/B/Cash. Paid off house. 2 in college, one more in 3 years. Serious cash burn time even with fully funded 529 plans. Holding a lot of cash for a new "retirement" house that will cost twice as much as the house I am trying to unload. At current savings rate and AA, I figur...
by goodenyou
Thu Apr 05, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 2675

Re: medical practice reimbursement issues

Because your friend is paid on his collections, he should have the ability to see "charges, payments, adjustments, Insurance AR, patient AR, over 90 day AR (what isn't being paid after appeal), payer mix (make sure he isn't getting stuck with all Medicaid patients or lower reimbursing plans), and t...
by goodenyou
Wed Apr 04, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9858

Re: How Do You Value Your Home for Net Worth Purposes?

It appears that those who dismiss home equity in their net worth believe that the value of home equity is not actionable. That is, decisions on creating cash flow for retirement spending is independent of their home value. Decisions on delaying retirement may be based on removing the expense of a mo...