Search found 5173 matches

by staythecourse
Sun Jan 21, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: Any good blog for kids who want to persue medicine ?
Replies: 5
Views: 151

Re: Any good blog for kids who want to persue medicine ?

studentdoctor.net is for folks applying, in med school, and mostly up through the residency part of their lives. That might be a good place to start.

Good luck.
by staythecourse
Sun Jan 21, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 33
Views: 1577

Re: Should I buy a business or suck it up at a job(s) with a pension.

"...stay at my current job till I’m 55 and then retire with full medical and that would also allow my wife to retire at 50 and call it a day......but that’s another 8 years. Which I could contribute to my 457 and Roth IRA.... . . . . run from the car wash idea . . . . as fast as you would run from ...
by staythecourse
Sun Jan 21, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 52
Views: 2560

Re: Discussing a 529 with your kids

I never actually mentioned the amount in the 529, but she can figure it out easy enough. I told her it was enough to cover 4 years at any school she would choose, and if she chose a cheaper school, or got scholarship money, she could use the rest of the money for grad school (she is pre-med). She i...
by staythecourse
Sun Jan 21, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 52
Views: 2560

Re: Discussing a 529 with your kids

Back to the original question on this thread... why would you NOT tell your kids about the financial resources they will have for college? Shouldn't that help motivate them to know that some financial freedoms are there as not to restrict them in what they want to do, i.e. "Boy I really like biology...
by staythecourse
Sat Jan 20, 2018 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 52
Views: 2560

Re: Discussing a 529 with your kids

Those who are dictating what their kids should major in once they get to college should give their kids a little more credit. I would posit that the vast majority of 17 year olds who are intelligent enough to get into college are also intelligent enough to know how remunerative various career track...
by staythecourse
Sat Jan 20, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 52
Views: 2560

Re: Discussing a 529 with your kids

What does this have anything to do with it affecting the kid's choices. It is money under YOUR control (yes the ONLY situation in the IRS where a completed gift is still under full control of the giftee). Just tell them what your expectations are and that you will only support payment if under x co...
by staythecourse
Sat Jan 20, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: "The Pain of Discipline or the Pain of Regret?"
Replies: 9
Views: 1227

Re: "The Pain of Discipline or the Pain of Regret?"

2008 was a financial panic, but not an unprecedented one, and putting things in perspective a little bit made things pretty easy to deal with. Better man then me. I found it extremely stressful, but since I was young (still think I am) I knew it didn't matter in the long run. I would say those that...
by staythecourse
Sat Jan 20, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 52
Views: 2560

Re: Discussing a 529 with your kids

I think "staythecourse" 's paragraphs were directly related, and perhaps should have been one paragraph. I.e., if you want my money to pay for your school, I'm willing to fund this, but not that. I don't think they were saying they would dictate WHAT their child studied, just what type of studies t...
by staythecourse
Sat Jan 20, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 52
Views: 2560

Re: Discussing a 529 with your kids

There is not excuse for allowing kids to pick majors and careers that can't even pay of the education amount (no matter who pays). If my kid enjoyed studying and did well in a certain major, that was a good excuse for me. If my kid loved the work that a career entailed and made a real difference, t...
by staythecourse
Sat Jan 20, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Getting started with rental properties
Replies: 7
Views: 683

Re: Getting started with rental properties

I know NOTHING about rentals, but would know enough NEVER to get into rentals for college kids. That is asking for trouble (damage, complaints from neighbors, not paying rent, etc...)

Good luck.
by staythecourse
Sat Jan 20, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 52
Views: 2560

Re: Discussing a 529 with your kids

What does this have anything to do with it affecting the kid's choices. It is money under YOUR control (yes the ONLY situation in the IRS where a completed gift is still under full control of the giftee). Just tell them what your expectations are and that you will only support payment if under x con...
by staythecourse
Sat Jan 20, 2018 6:01 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 6769

Re: Fear of dying with too much money?

If one has fear of dying with too much money the treatment is simple... Live on the proverty level for a month. Then see if that fear still exists. From 2005-2009, my DW and I lived at the poverty line for four years. We had a paid for vehicle that cost us very little to maintain during that period...
by staythecourse
Sat Jan 20, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 6769

Re: Fear of dying with too much money?

I think WCI is running out of stuff to talk about. If one has fear of dying with too much money the treatment is simple... Live on the proverty level for a month. Then see if that fear still exists. Boy, are we running out of stuff to talk about? How about the fear of having too efficient of a portf...
by staythecourse
Sat Jan 20, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7332

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

You are kidding right? Off the top of my had I believe the U.S. markets were moving up and down 4-8% per DAY when U.S. debt was downgraded. There were a few other times as well. In the end, you have to ask would you be asking this question if the market went up 4%? Probably not. Return (positive ret...
by staythecourse
Sat Jan 20, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 85
Views: 18733

Re: Tracking progress to $1M portfolio and no mortgage by 40

hulburt1 wrote:
Sat Jan 20, 2018 12:47 pm
Its what you spend not what you make. :sharebeer
Agreed. High income or low income the most important number is how much $$ do you save per year. That is all that matters when it comes to investing.

Good luck.
by staythecourse
Sat Jan 20, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: What "efficient market" does and doesn't mean
Replies: 18
Views: 827

Re: What "efficient market" does and doesn't mean

EMH is more strictly about informational efficiency. This is how I perceive EMH. It is matter of ALL the available info. of stock x is already know and incorporated into the current share price so the ONLY way to make more money is to either have info. no one has (insider information which is why i...
by staythecourse
Sat Jan 20, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 6702

Re: Lost money through Bitconnect scam - learned my lesson

As I have said before I WISH there was a better, i.e. active way to make more money in investing I really do, but after much time reading and looking at other options I just don't see it. I have found the best active way to make more money investing is to invest in yourself. Correct. That is why my...
by staythecourse
Sat Jan 20, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 6702

Re: Lost money through Bitconnect scam - learned my lesson

[Maybe you'll feel better thinking of all those who "invested" with Bernie Madpoff. For those sports fans out there this reminds of the Bonilla- Wilpon situation a classic real life lesson of the turtle- hare. For those who don't know the story... Bobby Bonilla was a pretty good baseball player in ...
by staythecourse
Sat Jan 20, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 6702

Re: Lost money through Bitconnect scam - learned my lesson

Thanks for coming and telling this story. Your thread on your quest it to $1 million with no mortgage is inspiring. This is equally educational for many readers. In the end the old adage of there is no shortcut to wealth is true (unless your born into it or inherit it). Just be glad you didn't drop ...
by staythecourse
Sat Jan 20, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 119
Views: 9572

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

CAPE critic: no valuation metric can predict next year's return or the year after CAPE curious: nobody having looked at corresponding numbers would make such a claim CAPE critic: market timing is bad, bad, bad CAPE curious: yup, making decisions based on guessing short-term returns is indeed a bad ...
by staythecourse
Sat Jan 20, 2018 9:11 am
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4673

Re: 10 years expenses in FI

People should quantitatively evaluate whether or not there is actually a financial benefit to all this "engineering" before they decide to take comfort in it. Sleep factor is an over-rated, even meaningless, criterion for devising a retirement plan. There are much better routes to mental health tha...
by staythecourse
Sat Jan 20, 2018 8:53 am
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 357
Views: 56762

Re: What's your one big takeaway from the Crash of 2008?

Mine is it reinforced Mr. Bogle excellent advice (paraphrasing) "When everybody is doing something just stand there and do nothing." Honestly, this advice works A LOT in life. It is human behavior to always want to do something when the unexpected happens, but most times doing nothing is the best op...
by staythecourse
Fri Jan 19, 2018 9:34 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads reconcile efficient markets theory with Bitcoin?
Replies: 45
Views: 2087

Re: How do Bogleheads reconcile efficient markets theory with Bitcoin?

Couple of things... One isn't bitcoin speculative? That means the price is determined by supply and demand with no inherent value in the asset itself. So no way to make a conclusion on its fair price, i.e. efficient pricing. Second, hasn't it been shown there are a few folks who own something like ...
by staythecourse
Fri Jan 19, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 119
Views: 9572

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

Certainly one can do this and say, go from 75/25 to 60/40 without being labeled a market timer. Do as you want, but making a choice on your asset allocation based on valuations IS market timing. Okay to do, but keep your eyes wide open and don't lie to yourself when doing it. If you believe in it d...
by staythecourse
Fri Jan 19, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads reconcile efficient markets theory with Bitcoin?
Replies: 45
Views: 2087

Re: How do Bogleheads reconcile efficient markets theory with Bitcoin?

Couple of things... One isn't bitcoin speculative? That means the price is determined by supply and demand with no inherent value in the asset itself. So no way to make a conclusion on its fair price, i.e. efficient pricing. Second, hasn't it been shown there are a few folks who own something like 4...
by staythecourse
Fri Jan 19, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Contacting store after urgent care visit?
Replies: 18
Views: 1686

Re: Contacting store after urgent care visit?

Your insurance won't care who is at fault. That is a litigation issue. You are the beneficiaries of the medical insurance and are responsible for the charges. Simple as that. I would have the daughter take picks of the bench BEFORE reporting it, but is a slim to no chance they do anything. Look at i...
by staythecourse
Fri Jan 19, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3980

Re: What can I do to fight this ridiculous medical bill?

I am absolutely not minimizing any of it. Perhaps it's because it was the holidays and they were short on staff, but I'm telling you the PA walked into the room, went over my symptoms, felt my back and said "that could be your kidney, you need to go to the ER because we don't have the imaging equip...
by staythecourse
Fri Jan 19, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3980

Re: What can I do to fight this ridiculous medical bill?

Thanks, I have found a decent Urgent Care place. My gripe is that hospitals can charge exhorbitant fees at will with no recourse. That is crazy. Any other place that would end quickly. The messed up part is I went to the urgent care first(the are affiliated with the same hospital) and the P.A. who ...
by staythecourse
Fri Jan 19, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 119
Views: 9572

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

For instance, when CAPE was over 20, the forward ten year returns have been anywhere from about -1.5% to +12%, which is a range too big to probably do a lot with, but it does seem to make one question whether 10% or higher returns are reasonable with a CAPE starting at around 30. Vanguard data show...
by staythecourse
Fri Jan 19, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3980

Re: What can I do to fight this ridiculous medical bill?

My gripe is that hospitals can charge exhorbitant fees at will with no recourse. That is crazy. Any other place that would end quickly. You would be shocked about the difference in fees. I do a common procedure for my specialty that pays around $240 (medicare) if done in an office. Same procedure w...
by staythecourse
Fri Jan 19, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3980

Re: What can I do to fight this ridiculous medical bill?

Just a guess - but I suspect that some significant portion of folks that go to ERs and have such high bills would not die or suffer permanent damage if they "just said no" Hopefully, WCI can chime in, but my guess is MOST er visits are not emergencies. So I would think most of this work up done in ...
by staythecourse
Fri Jan 19, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3980

Re: What can I do to fight this ridiculous medical bill?

Anything elective or optional I always get EOB upfront. When there is a true emergency and it is a spouse or a kid, cost is the last thing on the mind, and the providers abuse this, although not intentionally at the service level. Good for you. The next aspect is making sure it is a REAL emergency ...
by staythecourse
Fri Jan 19, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 119
Views: 9572

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

So my point was neither PE1 nor PE10 was predictive AND there wasn't much difference between using PE1 vs. PE10 (a surprise to many folks). In all of the ten year periods from 1900-2012, there were 42 where annual returns were 10% or higher. In 93% of those periods, the starting CAPE was below 20. ...
by staythecourse
Fri Jan 19, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 119
Views: 9572

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

it is beyond me how a board dedicated to an investing strategy that eschews valuing individual companies due to the theoretical and empirical difficulties inherent to that approach would then be so enamored with an over-simplified and fundamentally flawed 'valuation metric,' such as CAPE. just igno...
by staythecourse
Fri Jan 19, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: Nobody Knows Nothing - A Chart
Replies: 26
Views: 4008

Re: Nobody Knows Nothing - A Chart

The question is NOT can anyone predict the markets. We have enough data, history, studies, etc... to show that is not true for the last 20-30 years. The problem is we already know and have known this yet everybody seems to still quote person x or person y predicting something and everyone still fall...
by staythecourse
Fri Jan 19, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3980

Re: What can I do to fight this ridiculous medical bill?

You need to deal with the insurance company. Interestingly, I had sort of a similar experience, but in-network. I had an accident, where I also had a CT scan, and X-rays. My first communication regarding the bill was from a lawyer two weeks later. They were hired by the hospital asking who caused t...
by staythecourse
Fri Jan 19, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3980

Re: What can I do to fight this ridiculous medical bill?

If nothing else, call the hospital and ask if they can reduce the bill. My wife did this after I had a very big procedure. They said pay it in 30 days and we take off 20%. I would say this is your best option. The other thing is to ask for a more detailed breakdown of each subgroup. Saying x for ph...
by staythecourse
Fri Jan 19, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4673

Re: 10 years expenses in FI

...As I have mentioned on my post what I would do is if at the end of each year any excess return from your stock allocation is sold to replenish the 10 year cash bucket. If stocks are down for the year then you do nothing. Then next year same thing. It is assuming that stocks over 10 years will ev...
by staythecourse
Fri Jan 19, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4673

Re: 10 years expenses in FI

...As I have mentioned on my post what I would do is if at the end of each year any excess return from your stock allocation is sold to replenish the 10 year cash bucket. If stocks are down for the year then you do nothing. Then next year same thing. It is assuming that stocks over 10 years will ev...
by staythecourse
Fri Jan 19, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4673

Re: 10 years expenses in FI

One thing to think through if you try to follow an "10 years expenses" plan is what happens next year when you are down to 9 years expenses? If you just rebalance to get back to ten years expenses then how is that different than if you just kept something like a 60/40 (or whatever) asset allocation...
by staythecourse
Thu Jan 18, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5069

Re: To the doctors on the forum

Umm... No. That is illegal for several reasons. The doctor has a CONTRACT with the payer that if they bill xxxxx they get paid y. They can't just decide to whatever they want. Again it is NOT up to the doctor it is what they negotiated contract states. The other reason it is illegal is what if the ...
by staythecourse
Thu Jan 18, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5069

Re: To the doctors on the forum

Here's the conversation I had with my son's pediatrician at his last visit for a medication check (10 minutes sitting with her discussing how the medication is working and whether she wants to make any changes). Me: These visits are very expensive. Dr.: How much are they? I don't handle the billing...
by staythecourse
Thu Jan 18, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 7099

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

...No one was slamming Rick Ferri or Bill Bernstein for offering investment information and advice, as a business as well as on the forum... It's a tricky area, but as a matter of fact these posters were fairly punctilious about not identifying their businesses in their posts. Rick Ferri actually c...
by staythecourse
Thu Jan 18, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4673

Re: 10 years expenses in FI

This was the approach I advocate a lot. But wouldn't do bonds, but just cash on the annual living expenses AFTER pension, SS, annuity, etc... Then the rest in equities. It IS mental accounting, but I think it makes a whole bunch more sense then coming up with one's asset allocation just randomly go...
by staythecourse
Thu Jan 18, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5069

Re: To the doctors on the forum

Here's the conversation I had with my son's pediatrician at his last visit for a medication check (10 minutes sitting with her discussing how the medication is working and whether she wants to make any changes). Me: These visits are very expensive. Dr.: How much are they? I don't handle the billing...
by staythecourse
Thu Jan 18, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 7099

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

p.s. A shout out to the owners of this forum. When I read someone making money of others for personal finance advice I am MORE amazed the folks on this site have stuck to their ethics and don't charge and don't take advertisement money either. Much respect. Many roads to Dublin. I love the Boglehea...
by staythecourse
Thu Jan 18, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5069

Re: To the doctors on the forum

Here's the conversation I had with my son's pediatrician at his last visit for a medication check (10 minutes sitting with her discussing how the medication is working and whether she wants to make any changes). Me: These visits are very expensive. Dr.: How much are they? I don't handle the billing...
by staythecourse
Thu Jan 18, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 7099

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

"A strange game. The only winning move is not to play. How about a nice game of chess?" --AI in WarGames (1983) :D I want to emphasize that our wiki is very much not 'paid'. It is a volunteer effort and all information is provided freely (gratis). The same goes for all assistance on the forum. And ...
by staythecourse
Thu Jan 18, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor Bullied Me
Replies: 32
Views: 4722

Re: Vanguard Advisor Bullied Me

Not to deviate the topic, but as a minor how do you even have a say in the money? Doesn't a trustee have to handle the money for you? Just trying to educate myself on this aspect so some clarity would be appreciated.

Thanks in advance.

Good luck.
by staythecourse
Thu Jan 18, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4673

Re: 10 years expenses in FI

This was the approach I advocate a lot. But wouldn't do bonds, but just cash on the annual living expenses AFTER pension, SS, annuity, etc... Then the rest in equities. It IS mental accounting, but I think it makes a whole bunch more sense then coming up with one's asset allocation just randomly goi...