Search found 1207 matches

by goodenyou
Fri Jul 20, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: BH- Need advise for 45 year old
Replies: 22
Views: 1749

Re: BH- Need advise for 45 year old

My optimistic (greedy) part says let it ride but my fearful part says that I should minimize my risk and take some chips of the table. Pigs get fat and hogs get slaughtered. If you think it’s “greedy”, you have answered your own question. I wouldn’t be (way too much) overweight any asset class no m...
by goodenyou
Mon Jul 16, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 150
Views: 8552

Re: A different take on retirement income: time segmentation

What do you think of the theory that the SPIA allows for a more aggressive equity portfolio that likely will lead to more growth and likely more legacy? I don't buy it. Buying a SPIA is not likely to provide retirees with a meaningfully greater amount in their portfolio to allocate to equities. The...
by goodenyou
Mon Jul 16, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 150
Views: 8552

Re: A different take on retirement income: time segmentation

What do you think of the theory that the SPIA allows for a more aggressive equity portfolio that likely will lead to more growth and likely more legacy? I don't buy it. Buying a SPIA is not likely to provide retirees with a meaningfully greater amount in their portfolio to allocate to equities. The...
by goodenyou
Mon Jul 16, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 150
Views: 8552

Re: A different take on retirement income: time segmentation

Snowjob wrote Put a sum of money into 70/30 balanced fund, call it the big vacation fund and take a healthy 6-7% a year out to cover big trips until its depleted. At that point your living more local anyway and hopefully any natural spending declines would free up enough money for a trip here or th...
by goodenyou
Mon Jul 16, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 150
Views: 8552

Re: A different take on retirement income: time segmentation

Snowjob wrote Put a sum of money into 70/30 balanced fund, call it the big vacation fund and take a healthy 6-7% a year out to cover big trips until its depleted. At that point your living more local anyway and hopefully any natural spending declines would free up enough money for a trip here or th...
by goodenyou
Mon Jul 16, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 150
Views: 8552

Re: A different take on retirement income: time segmentation

Snowjob wrote Put a sum of money into 70/30 balanced fund, call it the big vacation fund and take a healthy 6-7% a year out to cover big trips until its depleted. At that point your living more local anyway and hopefully any natural spending declines would free up enough money for a trip here or th...
by goodenyou
Mon Jul 16, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 150
Views: 8552

Re: A different take on retirement income: time segmentation

Snowjob wrote Put a sum of money into 70/30 balanced fund, call it the big vacation fund and take a healthy 6-7% a year out to cover big trips until its depleted. At that point your living more local anyway and hopefully any natural spending declines would free up enough money for a trip here or the...
by goodenyou
Thu Jul 12, 2018 8:43 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10379

Re: COMING SOON: BOGLEHEADS PODCASTS

Mel:

Don't Do Something, Just Stand There!- Talking Boglehead's Guide to Long Term Investing


Wish it was ready sooner! I was just trying to find Podcasts to upload for my international flight tomorrow. Grazie!
by goodenyou
Wed Jul 11, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 5803

Re: Any Dry Powder Strategies?

indexonlyplease wrote:
Wed Jul 11, 2018 12:27 pm
jebmke wrote:
Mon Jul 09, 2018 8:42 am
I use a little talc after I shower.
I like baby powder.
Be careful. Dry powders are known to cause cancer.
by goodenyou
Thu Jul 05, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: 529 asset allocation during college years
Replies: 9
Views: 884

Re: 529 asset allocation during college years

What is your goal? If you believe that it is “impossible” to lose enough to put his college funding at risk (go below $25k), then let it ride in an aggressive allocation. Is your goal to maximize growth at all cost? If you hit a home run and there is a lot of money leftover, just pay the tax and pen...
by goodenyou
Tue Jul 03, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Where To Invest College Money Short Term
Replies: 10
Views: 1100

Re: Where To Invest College Money Short Term

I went to FDIC for 2 in college. Had a good run over the past few years. Didn’t think the upside potential was worth it by having stocks and bonds in an increasing interest rate environment right now. I will have little regret if I am wrong and leave some on the table. The locked in guaranteed that ...
by goodenyou
Tue Jul 03, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9508

Re: What’s your plan for a market downturn?

If time is in your favor you ride out the storm. If time is not in your favor, you should have never put yourself in a position that you cannot ride out the storm. That’s the whole reason why you choose an asset allocation that will match your ability to take risk. It’s Taleb’s admonition of risk an...
by goodenyou
Sun Jul 01, 2018 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Withdrawals
Replies: 21
Views: 2214

Re: Retirement Portfolio Withdrawals

I don’t see an advantage in keeping 80% of your short term cash needs in a short term bond fund instead of a Prime Money Market Fund. The yield differential is very small and there is zero NAV risk if held in a MM fund.
by goodenyou
Tue Jun 26, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 32401

Re: What is/ was your career and would you recommend it now?

MD. Specialty Surgeon. Would not recommend going to medical school. Way too costly and way too much time. If you don't like it after many years, you will be trapped. How many times have you met someone in a different career that used to be a doctor? Career rapidly changing for the worse. None of my...
by goodenyou
Sun Jun 24, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20688

Re: Can you retire on $2M?

Not based on my expenses right now. Probably not in the future. My property taxes (Texas) and home costs are and will be very high in retirement. Plans for travel and other expenses for hobbies are on the expensive side. Will continue to try to save and LBOM to get to "critical mass" to retire by or...
by goodenyou
Sat Jun 23, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 32401

Re: What is/ was your career and would you recommend it now?

MD. Specialty Surgeon. Would not recommend going to medical school. Way too costly and way too much time. If you don't like it after many years, you will be trapped. How many times have you met someone in a different career that used to be a doctor? Career rapidly changing for the worse. None of my ...
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: 12259

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: 12259

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: 102218

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: 102218

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: 12259

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: 48
Views: 2955

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: 17963

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: 17963

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: 9300

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: 9300

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: 4928

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: 17963

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: 2258

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: 17963

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: 17963

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: 1858

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: 6477

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: 276
Views: 13997

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: 17963

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: 3885

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: 17963

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: 51916

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: 17963

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: 3516

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: 17963

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: 17963

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: 17963

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: 8801

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: 12724

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: 4336

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: 24923

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: 1175

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: 1175

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?