Search found 1349 matches

by goodenyou
Mon Oct 15, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: "Turn Off The Financial News"
Replies: 12
Views: 1043

Re: "Turn Off The Financial News"

It's not just financial news that should be turned off.
by goodenyou
Mon Oct 15, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 53
Views: 3362

Re: Is it worth filing FAFSA even if you know you'll get nothing?

Just wrote the check. We didn't need to be told that our EFC exceeded the cost of attendance.
by goodenyou
Sat Oct 13, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 5783

Re: Neighbor discussing finances with me

Very few people will take your advice if you are not a registered financial advisor. Sometimes they will take your advice if you are a person with conspicuous consumption and material elitism because people believe that you have the magic touch. A paid off mortgage is not conspicuous and early retir...
by goodenyou
Sat Oct 13, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 89
Views: 3348

Re: Is EMH a tautology?

That's what makes the "H" in EMH a hypothesis. If it were "proven" (a difficult term to use considering most scientific research will never use the term proven but will only speak in terms of statistical significance, which means that there's always some percentage chance that results you got were ...
by goodenyou
Fri Oct 12, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4138

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Stocks are not "on sale" but are actually repriced to reflect a new, slower growth world. So you mean that the growth prospects for European small caps suddenly changed on Wednesday at 3.30 pm (when their price suddenly dropped), and have today improved? I think that buyers are less interested in t...
by goodenyou
Fri Oct 12, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 108
Views: 7403

Re: What did you buy today

Ear plugs.
by goodenyou
Wed Oct 10, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: Child is HS senior: Should college fund have any equities?
Replies: 28
Views: 2246

Re: Child is HS senior: Should college fund have any equities?

Today is a reminder of why I went from equities to FDIC in my 529 for my college-aged students. This decline may not be a trend, but I am glad I locked in those gains with no risk of dipping below the requirement to fund all 4 years. It will probably go up, but I won't have regrets that I may have m...
by goodenyou
Wed Oct 10, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4316

Re: When stocks and bonds drop at the same time, what do you do?

This is a Bogle "don't do something, just stand there" moment. Good things happen slowly, and bad things happen fast.

It's time for idioms.
by goodenyou
Wed Oct 10, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 RBD?
Replies: 28
Views: 2038

Re: S&P 500 RBD?

No. A RSD.
by goodenyou
Wed Oct 10, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7351
Views: 1543149

Re: U.S. stocks in freefall

Nowadays, you're getting a sale on BOTH stocks and bonds. Everything is on sale.
by goodenyou
Tue Oct 09, 2018 8:31 am
Forum: Investing - Theory, News & General
Topic: Child is HS senior: Should college fund have any equities?
Replies: 28
Views: 2246

Re: Child is HS senior: Should college fund have any equities?

Thanks for all the replies. It looks like I should be more conservative. After all, I've heard the adage that "any monies needed in the next 5 years should not be in stocks." Now, does Total Bond's duration make it a less-than-desirable holding tank, or should the money go to a short term bond fund...
by goodenyou
Mon Oct 08, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: Child is HS senior: Should college fund have any equities?
Replies: 28
Views: 2246

Re: Child is HS senior: Should college fund have any equities?

I watched one of my employees panic in 2008-2009 when her son entered college and they had to draw on their 529. That made a significant impact on me. When I exceeded the funds needed for all 4 years, I converted all to FDIC. I sleep well. I have left some in equities for my hs sophomore since there...
by goodenyou
Mon Oct 08, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 43
Views: 2789

Re: What tools do you use to track your finances?

Vanguard Portfolio Analysis Same here. As I continue simplifying our Vanguard accounts, there is really not a lot of things needing tracking in our portfolio. For expenses, I have a sheet of heavy cardstock with 26 rows horizontally, and 12 columns, one for each month. Each horizontal row(cell) has...
by goodenyou
Mon Oct 08, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: Is it a sign that a bear market is coming, when most people are afraid that stocks will plummet?
Replies: 42
Views: 2751

Re: Is it a sign that a bear market is coming, when most people are afraid that stocks will plummet?

Post hoc ergo propter hoc.

I'm not sure that saying is relevant here, but I really felt like saying it.
by goodenyou
Sun Oct 07, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3636

Re: Income (US vs Europe)

In the United States, you are paid a higher salary for most jobs. Capital is also attracted to the US because of the reduced regulation and reduced welfare state that is more prevalent in Europe. For some, they prefer the opportunity for greater income, savings and financial independence that comes...
by goodenyou
Sun Oct 07, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11405

Re: “It’s probably wise to sell to the sleeping point.”

If someone is close to retirement or in retirement and has the retirement secured, I’d say don’t mess around. Consider doing something more definitive than just 5-10% to lock in the gains of the last decade. Monte Carlo Simulation can be very helpful for these decisions. 8 weeks from retirement and...
by goodenyou
Sun Oct 07, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: "The Business Man and The Fisherman"
Replies: 9
Views: 1999

Re: "The Business Man and The Fisherman"

The story would not be as poignant if he were a ditch-digger who didn't love to dig ditches. The deferred lifestyle plan is ever prevalent for those who don't get up every morning enjoying what they do. Those waiting for happiness may be sadly disappointed. The comment about having enough for today,...
by goodenyou
Sun Oct 07, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 4435

Re: Should I, and how, act on changes in managing diet and health?

You could be like Oprah and become a spokesperson for Weight Watchers and rake in the money. You too can turn $40 million into $400 million. Is that actionable? What I find [financially] so fascinating about most of the weight loss products and services is that (unlike most products and services) f...
by goodenyou
Sun Oct 07, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 4435

Re: Should I, and how, act on changes in managing diet and health?

You could be like Oprah and become a spokesperson for Weight Watchers and rake in the money. You too can turn $40 million into $400 million.

Is that actionable?
by goodenyou
Sun Oct 07, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a pretty big pay cut to become a diplomat?
Replies: 32
Views: 3699

Re: Should I take a pretty big pay cut to become a diplomat?

I can’t speak to the specifics of what the job would entail as others with more experience have, but wouldn’t this job afford you the ability to build a more influential network? It seems to me that the more influential people are in government the more they’re able to build extreme wealth. There ar...
by goodenyou
Sat Oct 06, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3636

Re: Income (US vs Europe)

In the United States, you are paid a higher salary for most jobs. Capital is also attracted to the US because of the reduced regulation and reduced welfare state that is more prevalent in Europe. For some, they prefer the opportunity for greater income, savings and financial independence that comes ...
by goodenyou
Sat Oct 06, 2018 1:40 pm
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 4435

Re: Should I, and how, act on changes in managing diet and health?

Save more money. You will live longer. Recalculate your SWR. :wink: When I was in medical school, our witty epidemiologist professor once opined, "the thing about diets is that they may not make you live any longer, but they may make you feel like you have". I don't discount the importance of avoidi...
by goodenyou
Sat Oct 06, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 75
Views: 8906

Re: 20 countries where 200K in retirement savings will last you decades

If I had no family and lifetime friends , I may consider moving to a foreign country that was inexpensive. I do not want to be isolated from them. For me, I love the United States. For all its flaws, it is still the most comfortable place to live, in my opinion. There is no other place that I would ...
by goodenyou
Fri Oct 05, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Whew! Stock market is no longer at all-time highs, so ...
Replies: 34
Views: 5352

Re: Whew! Stock market is no longer at all-time highs, so ...

There will always be someone in the unenviable Pinnacle Club.
by goodenyou
Fri Oct 05, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house in retirement??
Replies: 23
Views: 3796

Re: Buying house in retirement??

Banker here. All banks that originate mortgages have to document and verify a customer's ability to repay a consumer mortgage loan. This is a federal regulatory requirement under the Ability to Repay (ATR) rule which is outlined in the Dodd-Frank act. Per the ATR rule, banks MUST consider and addre...
by goodenyou
Fri Oct 05, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house in retirement??
Replies: 23
Views: 3796

Re: Buying house in retirement??

I just purchased land with the idea of building my retirement home in a few years. I will be downsizing from a very large 2 story home to a one story that will be half the size. The kids will be out of college or close by then. I haven’t had a mortgage in many years. I have enough to pay cash for my...
by goodenyou
Fri Oct 05, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7351
Views: 1543149

Re: U.S. stocks in freefall

In competitive golf, every shot makes someone happy. In the stock market, every day makes someone happy.
by goodenyou
Wed Oct 03, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6645

Re: Why is Home Part of NW [Net Worth]

My home equity will go to my heirs. It's value will be realized on their balance sheets when it is sold. The liquidity will have value to them.
by goodenyou
Tue Oct 02, 2018 10:09 pm
Forum: Investing - Theory, News & General
Topic: Moneytalk with Bob Brinker coming to an end
Replies: 68
Views: 8150

Re: Moneytalk with Bob Brinker coming to an end

"The best government that money can buy"
"Stocks are climbing the Wall of Worry"



Thanks Bob. Best of luck.
by goodenyou
Tue Oct 02, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: New Dual Physican Couple
Replies: 39
Views: 3397

Re: New Dual Physican Couple

Why is OP's occupation relevant? I've noticed that physicians on this website tend to state their profession. It's interesting to me. To explain why we're in our early 30s with massive debt and insignificant retirement savings? Your post is titled "New Dual Physician Couple," and it doesn't mention...
by goodenyou
Mon Oct 01, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 111
Views: 7635

Re: Barron's Making the Case for Gold

What's in Your Safe?
by goodenyou
Mon Oct 01, 2018 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: New Dual Physican Couple
Replies: 39
Views: 3397

Re: New Dual Physican Couple

Pay off loans ASAP. If I added correctly, you have $500,000 of loans between the two of you. You won’t find many jobs that you can find that will afford you the ability to pay them off. Many things can happen. I wouldn’t compound my indebtedness with anything else at this time. You don’t want to be ...
by goodenyou
Mon Oct 01, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 129
Views: 14706

Re: Should we stay in Crazytown because there's no where to run?

Note the market is up 33% since your post above. It may indeed still crash 50% tomorrow, but it should be obvious that "predicting the future is hard." Yes, prediction is hard especially about the future. But the Fat Lady hasn't sung yet, has she? Note that the market went up by 60% from Jan 1998, ...
by goodenyou
Mon Oct 01, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 129
Views: 14706

Re: Should we stay in Crazytown because there's no where to run?

If you truly believe that the US Stock Market is Crazytown, there are things you can do about it. For the record, I do not believe this. Indeed, P/E ratios, both based upon forward estimated earnings and historical trailing earnings are looking reasonable. Of course, earnings recently have been fan...
by goodenyou
Sun Sep 30, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 129
Views: 14706

Re: Should we stay in Crazytown because there's no where to run?

History shows that trying to get out and back in at the right time is a fool's errand. This is not Amityville Horror (cue the ghost "GET OUT!"). A diversified portfolio should be paramount for those with a short(er) time horizon.
by goodenyou
Sun Sep 30, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 619
Views: 75286

Re: How much money do you want to retire?

If I posted an absolute number, there is a good chance that I would be flamed and shamed. I am aiming to have 40x annual expenses at full retirement for a near guarantee of portfolio longevity and significant legacy. There is a big difference between need and want. If you have the luxury to be a pro...
by goodenyou
Sat Sep 29, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: Moneytalk with Bob Brinker coming to an end
Replies: 68
Views: 8150

Re: Moneytalk with Bob Brinker coming to an end

I was on the air last month challenging him about reducing bond duration in the environment of rising interest rates. He was steadfast on his recommendation to reduce duration to no more than a year in this environment. He became somewhat irritated when I asked about investment horizon entering into...
by goodenyou
Sat Sep 29, 2018 2:35 am
Forum: Investing - Theory, News & General
Topic: Moneytalk with Bob Brinker coming to an end
Replies: 68
Views: 8150

Re: Moneytalk with Bob Brinker coming to an end

That is sad to see. I started listening to Bob in the 1980s when I was in graduate school. He educated me on the basics of investing and the importance of low fees. I tried to listen to him every Saturday and Sunday even though I had no money to invest at the time. He moved to only Sundays a few yea...
by goodenyou
Fri Sep 28, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6665

Re: New Relationship - Best way to handle finances?

There are givers and takers in this world. Ask yourself, what are you and what is she? Givers eventually get tired of takers.
by goodenyou
Tue Sep 25, 2018 7:45 pm
Forum: Investing - Theory, News & General
Topic: DIYers Taking a Toll
Replies: 50
Views: 6468

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: 63
Views: 7204

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: 909

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: 909

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: 438

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: 5988

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: 5988

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: 5988

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: 5988

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: 5988

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...