Search found 5630 matches

by staythecourse
Sat Jun 16, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 43
Views: 3380

Re: Contractor - Threatening Lien/Lawsuit

BBB is useless, but there's probably no harm in reporting there. I have found the BBB to be quite good at successfully resolving the two claims I have filed with them over the years. But I suspect that their leverage only extends to legitimate businesses with reputations on the line. It doesn't sou...
by staythecourse
Fri Jun 15, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 43
Views: 3380

Re: Contractor - Threatening Lien/Lawsuit

I am not a lawyer, but seems the agreement was to start on x date. He did not and you agreed together to start on y date. He couldn't due to needing funds to purchase z equipment which you agreed. You gave him the ability via credit card to purchase the z equipment to start on y date and he backed o...
by staythecourse
Fri Jun 15, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: I am STUNNED over how much help my friends recieved with house purchase!
Replies: 47
Views: 3579

Re: I am STUNNED over how much help my friends recieved with house purchase!

Funny, sounds like you are envious and/ or jealous, but... that is okay. There is nothing wrong with wanting what someone else has that is human nature. The issue comes with denying your true feelings as it just eats you up (which is bad). I am sure you would LOVE to have someone write you a check f...
by staythecourse
Fri Jun 15, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 118
Views: 7276

Re: Which boglehead rule do you break--and are ok with

The principle I have the biggest problem with is the "never bear too much or too little risk". That is a fortune cookie answer and is not really specific enough to be actionable. What is "too much" or "too little"? It is WAY too vague to be usable. How about a general rule of thumb like the one I us...
by staythecourse
Tue Jun 12, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: A great father's day gift
Replies: 19
Views: 3347

Re: A great father's day gift

I mentioned his status as single because it can be relevant to net worth. IMHO, I think it can be more difficult for a married couple with children to accrue wealth. A spouse and children adds variables. BTW: He has a very nice girlfriend. Great gal. Really like her. Pretty good cribbage player. Th...
by staythecourse
Tue Jun 12, 2018 5:21 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 178
Views: 35810

Re: Bogleheads, tell me about your 40's?

Great thread and thanks for restarting it. Turning 42 in a couple of months and it has been great reading the insights of others. For my wife (37) and I we have made a concerted effort to be involved A LOT in our kids life going forward. They are only toddlers now (near 6 and near 3), but look forwa...
by staythecourse
Mon Jun 11, 2018 9:03 am
Forum: Personal Consumer Issues
Topic: The effect of a difficult last name on employment prospects...
Replies: 43
Views: 3457

Re: The effect of a difficult last name on employment prospects...

When I got married, some of my family encouraged me to assume my wife's last name instead of her taking mine. I have a four syllable Eastern European last name that isn't pronounced like it's spelled. Even as a young man, my maternal grandfather encouraged me to change my name at my earliest conven...
by staythecourse
Mon Jun 11, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 62
Views: 4964

Re: Strategy for a prolonged bear market

Yes. Mine is keep working. I work for myself so can't say don't get fired, but if I worked for someone else it would be have a job or source of income that doesn't matter what the economy is doing. Who cares about bear markets. What folks should care about is not getting laid off when the economy ta...
by staythecourse
Sun Jun 10, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: Multi-Asset vs. Simple Portfolio, 1970-2017
Replies: 37
Views: 2962

Re: Multi-Asset vs. Simple Portfolio, 1970-2017

We’re not mindless robots, although it might help if we were. A bit tongue and cheek, but actually has a powerful punch. That is the BIGGEST issue of all backtesting. It is not what is possible to achieve, but what is more common. There are very few investors who can go from date x to date y with p...
by staythecourse
Sat Jun 09, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: When I thought I was smarter than the market
Replies: 22
Views: 3658

Re: When I thought I was smarter than the market

The only thing surprising is folks inability to accept how they can make a play on stocks when ALL the information they are reviewing is the same that every other person has access to in the first place. Well, I sort of disagree. I do agree that basically all the fundamental information should be g...
by staythecourse
Sat Jun 09, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 24
Views: 2467

Re: Should I buy into this medical practice?

I am currently an associate physician and my group is allowing me to buy a percentage equity (3-5%) of an imaging center as an associate (before making partner). The valuation is about 3M for two imaging centers, so would cost about 90k if I do 3%. The expected return is negative for year 1 because...
by staythecourse
Sat Jun 09, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: When I thought I was smarter than the market
Replies: 22
Views: 3658

Re: When I thought I was smarter than the market

The only thing surprising is folks inability to accept how they can make a play on stocks when ALL the information they are reviewing is the same that every other person has access to in the first place. That means it all comes down to reading between the tea leaves. It really is a bet on oneself. I...
by staythecourse
Sat Jun 09, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 24
Views: 2467

Re: Should I buy into this medical practice?

I am currently an associate physician and my group is allowing me to buy a percentage equity (3-5%) of an imaging center as an associate (before making partner). The valuation is about 3M for two imaging centers, so would cost about 90k if I do 3%. The expected return is negative for year 1 because...
by staythecourse
Sat Jun 09, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 9905

Re: Why do we work?

It isn't fun lol. Probably do 9AM - 2AM M-F, try and only do 5 hours or so Saturdays and then 10 or so Sunday. It is not a sustainable lifestyle. Certainly takes a toll on your personal relationships and health. But it is for a fixed amount of time (3 years) and then I either get promoted and work ...
by staythecourse
Fri Jun 08, 2018 4:05 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: 17254

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

As a reminder, here is the OP's question: Hello, Assumptions 1. my kids grow up to be average " students. 2. We are an upper middle class family when my kids apply for college (i.e. a few million dollar net worth). 3. Have some 529 balances. Say $75k each kid Do kids like these typically get any "f...
by staythecourse
Fri Jun 08, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 9905

Re: Why do we work?

Great thread. I would suspect the answer is different for different folks of, "Why work if you have more then you need". For some is about self identity. They like to know and have others know they make money. It adds to their self image of how they want to be viewed by others. Some work because the...
by staythecourse
Thu Jun 07, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7431

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

How is this thread 2 pages long? Who cares if the sp500 is gone? The TSM is still there. There are about 10-100 things more important in investing success then, "Oh my god there is no SP500 and only the TSM how will I retire FI?"

Good luck.
by staythecourse
Thu Jun 07, 2018 4:56 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: 17254

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

CnC wrote:
Thu Jun 07, 2018 2:57 pm
The only way to shortchange your child is to let them choose a dumb major.
I'll get flamed for this, but agree 100%. The issue is not WHERE the kid goes to school, but how well they do when they are there AND what they go into career wise.

Good luck.
by staythecourse
Tue Jun 05, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Switch between physicians in the same practice?
Replies: 40
Views: 3068

Re: Switch between physicians in the same practice?

Are you sure he was even a doc? PAs and Nurses wear white coats nowadays and walk around with a stethoscope around their neck. Easy to mistake them for a doctor. Some of them won’t even bother to correct you if you address them as doctor. Your surgeon might have PAs in his practice. You should call...
by staythecourse
Tue Jun 05, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50086

Re: How much money do you want to retire?

$7.2M to generate $24k per month at 4% plus paid off house Have $2.2M in home equity, $2M in investments and cash and $2.6M mortgage today, so still have $7.8M to go Just turned 32 so I have some time. Compound interest do your thing. $4.8M home at age 32!!! Or the mortgage may be on a second prope...
by staythecourse
Mon Jun 04, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4830

Re: Best case to convert a Bogle skeptic?

Honestly, no he can not be converted. Think about it from his POV. He has spent his professional life believing in x and his personal assets as well. How likely would you want to be proven wrong that EVERYTHING you have believed for 40 some years was wrong? That is like being religious and dying and...
by staythecourse
Mon Jun 04, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: Switch between physicians in the same practice?
Replies: 40
Views: 3068

Re: Switch between physicians in the same practice?

I was searching the internet for a surgeon near me and found a very experienced physician with excellent reviews. Called the clinic and made an appointment. At the appointment I was attended by a different physician, seem to be very nice and knowledgeable, but much younger. When I got home, I searc...
by staythecourse
Mon Jun 04, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Switch between physicians in the same practice?
Replies: 40
Views: 3068

Re: Switch between physicians in the same practice?

I was searching the internet for a surgeon near me and found a very experienced physician with excellent reviews. Called the clinic and made an appointment. At the appointment I was attended by a different physician, seem to be very nice and knowledgeable, but much younger. When I got home, I searc...
by staythecourse
Mon Jun 04, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50086

Re: How much money do you want to retire?

$7.2M to generate $24k per month at 4% plus paid off house Have $2.2M in home equity, $2M in investments and cash and $2.6M mortgage today, so still have $7.8M to go Just turned 32 so I have some time. Compound interest do your thing. $4.8M home at age 32!!! Or the mortgage may be on a second prope...
by staythecourse
Sun Jun 03, 2018 4:36 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: 17254

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

Yup. And, in my personal experience, ROI is off the charts. My son’s first year compensation out of school plus internships matches total full freight 4 year cost. OP: I don’t mean this as snarky as it probably sounds, but break your heart, spend some of those few million on your kids’ college cost...
by staythecourse
Sat Jun 02, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: A correction IS/WAS expanding...?
Replies: 8
Views: 1495

Re: A correction IS/WAS expanding...?

All throw this out there. How do you know there is ANY reason at all for a correction? Maybe it just happens because it happens OR it happens for reasons we don't know yet. Assuming corrections happen due to valuations is a dangerous jump. That assumption then leads to, "Well let me analyze the diff...
by staythecourse
Sat Jun 02, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5167

Re: Have $2.5M at 30, career advice needed

Difficult question to answer so won't even try but will bring up some points to consider. The first thing I would do is be honest about the slope of your networth growth going forward. MOST of your networth comes from the genetic lottery so can't expect you labor income to generate anything close to...
by staythecourse
Sat Jun 02, 2018 10:23 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: 17254

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

Love the discussion thus far and very informative for the rest of us who have no gone through the process thus far. I would think INTUITIVELY that the posts about candidates more likely to get free money if they go to schools where their numbers place them in the top 1% of the incoming class. Can th...
by staythecourse
Sat Jun 02, 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: 17254

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

All famous. Some of the Ivies. Stanford and MIT. Two or three of the top liberal arts colleges. That is about it for "top tier" for me. Maybe 10 total... Yup. And, in my personal experience, ROI is off the charts. My son’s first year compensation out of school plus internships matches total full fr...
by staythecourse
Fri Jun 01, 2018 8:09 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: 17254

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

All famous. Some of the Ivies. Stanford and MIT. Two or three of the top liberal arts colleges. That is about it for "top tier" for me. Maybe 10 total... Yup. And, in my personal experience, ROI is off the charts. My son’s first year compensation out of school plus internships matches total full fr...
by staythecourse
Fri Jun 01, 2018 7:49 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: 17254

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

Race is a factor as well. Are you white or a minority? Minority. But the wrong kind of minority :) - from India :) I don't believe we are eligible for Affirmative Action. Actually in reality it is likely A LOT worse then that. There is likely reverse discrimination for asians applying to elite scho...
by staythecourse
Fri Jun 01, 2018 6:57 pm
Forum: Personal Consumer Issues
Topic: Interior painting - Sherwin Williams color recommendations
Replies: 28
Views: 2232

Re: Interior painting - Sherwin Williams color recommendations

* Also the contractor suggests going with eggshell sheen in all the rooms and semigloss sheen in kitchen and bath rooms, where as other contractors recommended doing flat white and eggshell. What is your recommendation? Thanks so much in advance!! The first folks were giving good advice. Eggshell a...
by staythecourse
Fri Jun 01, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Advice for assisting 18 year old son after high school
Replies: 70
Views: 5118

Re: Advice for assisting 18 year old son after high school

I like the idea. But then again the issue is NOT going to be the initial plan, but what your response will be when he starts calling for more money. That may be as benign as, "Hey I am used to getting new sneakers and I can't do it with this paycheck" or as sinister as him needing money for drugs. Y...
by staythecourse
Wed May 30, 2018 3:07 pm
Forum: Forum Issues and Administration
Topic: Analysis of Topics - Has This Ever Been Done?
Replies: 13
Views: 1347

Re: Analysis of Topics - Has This Ever Been Done?

Personally, I don't mind the repeating themes. I f one keeps in mind that the reason they repeat is there is NO answer then there are no issues . I innately don't like using the search function on any forum so don't blame folks not wanting to do the same. Heck, If we didn't have so many repeating t...
by staythecourse
Wed May 30, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: get sued for posting nagative online review?
Replies: 64
Views: 6862

Re: get sued for posting nagative online review?

She opened her self up saying " crooked business practices" and " I suspect this doctor gives unnecessary procedures to a lot of people then charges insurance sky high prices". People think that for the most part they can say whatever they want about physicians as most stay silent because of HIPAA ...
by staythecourse
Tue May 29, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best retirement places for shy senior singles
Replies: 32
Views: 3854

Re: Best retirement places for shy senior singles

I am married, but meet many people every day when I walk the dog for a couple hours. That has led to some great friendships, going out for lunches, financial discussions, political discussions, and everything else. For some reason, people open up to me. They have told me about their kids, their spo...
by staythecourse
Tue May 29, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8099

Re: The Side Hustle

I've always wanted to do this, but have not found anything worth my interest in working extra more then my current ways of spending my off time which is with m toddlers before they are not any longer. Kudos to those who have the drive to want to work MORE then you have to current during your 9 to 5 ...
by staythecourse
Tue May 29, 2018 7:39 pm
Forum: Forum Issues and Administration
Topic: Analysis of Topics - Has This Ever Been Done?
Replies: 13
Views: 1347

Re: Analysis of Topics - Has This Ever Been Done?

Personally, I don't mind the repeating themes. If one keeps in mind that the reason they repeat is there is NO answer then there are no issues. I innately don't like using the search function on any forum so don't blame folks not wanting to do the same. Heck, If we didn't have so many repeating them...
by staythecourse
Tue May 29, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 4967

Re: Lawyer instead of buyer's real estate agent worked great!

You can do it but it probably won't save you much if any money. Most sellers contracts dictate the 6% and if there's no buyer's agent the seller's agent gets more. You might get 1%, MAYBE 1.5%. Unless you find a FSBO home. This is correct. The seller usually has in their contract IF there is no buy...
by staythecourse
Mon May 28, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: What to do after maxing retirement contributions?
Replies: 31
Views: 3414

Re: What to do after maxing retirement contributions?

If you have or want kids start saving in a 529 plan. Yes you can open one up as you as the beneficiary and change it down the road to your kids. That kills 14k per year/ person/ kid so 28k per couple/ kid to stay under the annual gift tax exemption. Otherwise, start taxable investing. I would say it...
by staythecourse
Sun May 27, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: The Savings Rate Grid
Replies: 47
Views: 6625

Re: The Savings Rate Grid

I agree with the couple posters above the most useful aspect of the calculators is NOT how to speed up ER by saving more (the intention), but to show how little it makes a difference in relation to your current quality of consumption by saving more then the average boglehead already does. Saving mo...
by staythecourse
Sun May 27, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: The Savings Rate Grid
Replies: 47
Views: 6625

Re: The Savings Rate Grid

I agree with the couple posters above the most useful aspect of the calculators is NOT how to speed up ER by saving more (the intention), but to show how little it makes a difference in relation to your current quality of consumption by saving more then the average boglehead already does. Saving mor...
by staythecourse
Sat May 26, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Should REITs and BDCs be looked at more like bonds?
Replies: 20
Views: 1626

Re: Should REITs and BDCs be looked at more like bonds?

REITs have the same level or return and volatility as the overall market. However, for a asset to reduce volatility it does not have to have low volatility. It can actually even have higher volatility. What it needs is a low correlation with the other asset classes in the portfolio. In theory it is...
by staythecourse
Sat May 26, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Professional negotiator
Replies: 21
Views: 2413

Re: Professional negotiator

I think this is a GREAT idea. The target folks you want are those purchasing big ticket items, i.e. cars, boats, etc... Those folks have money and are usually short on time. It would be great to go, "Hey I want x and get me the best deal and we split the difference and if you don't no big deal". The...
by staythecourse
Fri May 25, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 14081

Re: The Millionaire Next Door and civil servants

I believe that White Coat Investor says that around 20% of M.D.s at age 60 have a net worth under $300k, barely more than the median household net worth for 65-69 year olds in the U.S. Last survey I looked at showed 24% of physicians over 65 have a net worth under $1M. There was one two years ago t...
by staythecourse
Thu May 24, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2941

Re: Parents with pre-K kids and 529 target

Everyone is different and factors like: How much do you have to save per year AFTER retirement accounts, how many kids, are you trying to cover grad. school as well, your asset allocation within the 529 plan, will you be okay having leftover money in the accounts after it is all said and done, how c...
by staythecourse
Tue May 22, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Three steps forward, two back with saving
Replies: 26
Views: 3333

Re: Three steps forward, two back with saving

You do the best you can do. That is life. You are doing a great job with retirement savings and paying back EF when and emergency actually occurs. Keep doing what you are doing. Either you will save the money in time and buy the car or you will not in time and have to delay or you will not but need ...
by staythecourse
Tue May 22, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: RE: Merchant services.
Replies: 4
Views: 412

RE: Merchant services.

Hey all, Looking for some boglehead suggestions, i.e. cheap and effective for merchant services. I run a solo doctor practice and need to set up a merchant service. I was going to do Square, but found out my cell phone (Moto G5 plus) does not support the reader. It would be for copays and those who ...
by staythecourse
Tue May 22, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4909

Re: How do you stop moving the goal posts.

I'm surprised you have been happy up to this point in your life if your goals are so centered around $$ signs. The reason is that rabbit hole never ends as there is always another $$ to be made or not made. Try shifting your goals to finding something to be passionate about. I've already shifted my ...
by staythecourse
Sat May 19, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Curiosity - Kaiser docs compensation
Replies: 19
Views: 2760

Re: Curiosity - Kaiser docs compensation

Instead many docs are incentivized to see the minimum patient load they need to make the target income offered. Welcome to corporate medicine. My advice to those considering or in corporate medicine is change the mindset to do as least as possible to not get fired vs. worrying about trying to get p...