Search found 4838 matches

by staythecourse
Mon Oct 23, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Urgent! Heading to ER, surprise bills
Replies: 37
Views: 2482

Re: Urgent! Heading to ER, surprise bills

To the OP, glad to hear you are feeling better.

Good luck.
by staythecourse
Mon Oct 23, 2017 9:15 pm
Forum: Investing - Theory, News & General
Topic: Building very high net worth
Replies: 40
Views: 3205

Re: Building very high net worth

This is an observation in "The Millionaire Next Door". That person is most commonly a small business owner. +1 I actually stopped reading the book about 1/3 of the way through. The book suffers from SERIOUS selection bias. This is a perfect example. Just because you interview 100 (for example) folk...
by staythecourse
Mon Oct 23, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Urgent! Heading to ER, surprise bills
Replies: 37
Views: 2482

Re: Urgent! Heading to ER, surprise bills

ACA dictates that care must be provided at in network co pays/deductibles for emergency situations. This is clearly an emergency. If the ophthalmologist on call determines the situation requires non emergency care that is when you need to start worrying about bills and networks. I am too lazy to lo...
by staythecourse
Sun Oct 22, 2017 8:32 pm
Forum: Personal Consumer Issues
Topic: Installing a slide inside a home?
Replies: 35
Views: 1959

Re: Installing a slide inside a home?

Honestly, this falls into the category of very cool to see in Houzz.com or interior design/ architectural mags but totally useless in real life. Your kids and everyone else will be sick of it in less then 6 months. The next set of folks you sell it to will view it as a HUGE downside. They will be wo...
by staythecourse
Sun Oct 22, 2017 11:07 am
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Jack, Taylor and Mel!!
Replies: 23
Views: 1983

Re: Thank you Jack, Taylor and Mel!!

A couple of others also deserve mention. Without Alex Frakt and mingstar's efforts as site owners behind the scenes funding and operating the platform, this forum wouldn't exist in its current form. Their time and efforts very often occur in the background and aren't visible day-to-day. This one I ...
by staythecourse
Sun Oct 22, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: On selling home to a child
Replies: 25
Views: 1631

Re: On selling home to a child

I see no advantage for your child to enter into this arrangement and for me would be too risky towards my relationship with my child. 30 years rates are running about 3.75, you could get a better return in the market with less risk in my opinion. As others have pointed out mixing finances and famil...
by staythecourse
Sun Oct 22, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: Shiller: the 1987 stock market panic can happen again
Replies: 29
Views: 2573

Re: Shiller: the 1987 stock market panic can happen again

circuit breakers? Last I know they are at 7.5% and 10%. 7.5% & 13%. - 15 minute halt 20% - done for the day. Which simply sets us up for a bigger fall on the next day (selling pressure). We shouldn't kid ourselves that these mechanisms help against anything but a technical correction in markets. Th...
by staythecourse
Sun Oct 22, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Ready to make a change at work in salary but not sure about the order strategically
Replies: 9
Views: 1157

Re: Ready to make a change at work in salary but not sure about the order strategically

If was you or ANY other worker for that matter I would ALWAYS be looking for a new job. That is the only way to find out if you are being appropriately being compensated for your level of experience, ability, qualification, and geography. Meeting with the boss is always a good idea in an honest fort...
by staythecourse
Sun Oct 22, 2017 7:16 am
Forum: Investing - Theory, News & General
Topic: I believe one can beat the market with a simple contrarian strategy. Am I a fool?
Replies: 32
Views: 3426

Re: I believe one can beat the market with a simple contrarian strategy. Am I a fool?

If your strategy is working keep doing it. The reason I don't use active strategies are the data is very low of it success and I don't want to find out 50 years later (time horizon for an individual) it was faulty. At that point, there is nothing to be done. I will take the sure fire strategy that l...
by staythecourse
Sat Oct 21, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: Shiller: the 1987 stock market panic can happen again
Replies: 29
Views: 2573

Re: Shiller: the 1987 stock market panic can happen again

People do realize the market was up +5% for the year and up some 20% right before the crash? I use the 1987 crash as a GREAT example of NOT stock market panic, but recall bias. Funny how everyone remembers the market plummeting, but no one remembers if being up HIGH right before and recovering with ...
by staythecourse
Sat Oct 21, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: Seeking Insights for Family Member Providing Daycare
Replies: 10
Views: 897

Re: Seeking Insights for Family Member Providing Daycare

Being a parent of 2 little ones who had NO support from either set of grandparents I would first say kudos to you for helping out. It is the NO. 1 biggest x variable I have learned in raising kids which is how involved the support network is in helping out especially if both parents are working full...
by staythecourse
Sat Oct 21, 2017 8:46 am
Forum: Investing - Theory, News & General
Topic: The Tell Tale Chart
Replies: 12
Views: 2375

Re: The Tell Tale Chart

Hey Larry, does small cap value still outperform? Vanguard Small-Cap Value Index Fund (VISVX) Vanguard 500 Index Fund Investor Shares (VFINX) 24 month rolling returns: https://s1.postimg.org/77dm3il9xr/S_P_vs_SCV_Capture.jpg http://quotes.morningstar.com/chart/fund/chart?t=DFIHX®ion=usa&culture=...
by staythecourse
Wed Oct 18, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is a doctor's practice one of the safest and most profitable businesses?
Replies: 58
Views: 3499

Re: Is a doctor's practice one of the safest and most profitable businesses?

Apologize for not reading other's comment in case I am repeat. I'm a solo doc running my own practice in a large metro city and find it pretty easy to make a profit. I think a lot of it has to do with keeping overhead low, am in a procedural field, and work fast. To answer the question more broadly ...
by staythecourse
Tue Oct 17, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 6937

Re: Vanguard expects "decent sized correction" soon

Wow I thought random folks predictions were useless. Mr. McNabb's prediction is as useless as anyone else. I've done great in investing sticking to the fact (yes fact) that NO ONE knows what is going to happen. That includes Vanguard, Mr. Bogle, my dog (which I don't have), and other supposed "gurus...
by staythecourse
Tue Oct 17, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Alternative to Vanguard PAS (dreadful service)
Replies: 16
Views: 1584

Re: Alternative to Vanguard PAS (dreadful service)

Why would you need PAS? I'd just go to an hourly fee based financial planner once or maybe once every few years to setup a plan for you then just implement and maintain it yourself. Agreed. What is the difficulty of managing the portfolio? Should be piece of cake. The OP looks to be willing to help...
by staythecourse
Tue Oct 17, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: Roofer stopped showing up - what are my options?
Replies: 18
Views: 2591

Re: Roofer stopped showing up - what are my options?

Feel for you as you are in a rock and a hard place. If it was me I would send the letter via an attorney. Don't think adding "time is of the essence" is of any use now after the fact. There was never a meeting of the minds about this so it does not have to be accepted by the tradesman as a change to...
by staythecourse
Tue Oct 17, 2017 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Joining Federal Service - A No-Brainer?
Replies: 20
Views: 2429

Re: Joining Federal Service - A No-Brainer?

Not enough information to make a decision. Answers I want are: How old is she now? Does she like working for the military? What is the specifics of the job she would be taking at the government? Does she have any interest in said job? She must know a TON of folks who are working in the fed. governme...
by staythecourse
Mon Oct 16, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: contributing to friend's non-profit?
Replies: 36
Views: 1910

Re: contributing to friend's non-profit?

If you want to give money because of friendship go ahead. If you want to give due to the charity then I would not give a dollar without doing some research. I would look at giving only to those that you can verify where the money goes. How much money goes to the "programs" vs. "admin costs"? For exa...
by staythecourse
Mon Oct 16, 2017 8:55 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3864

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

Will I lose clients, or get bad review or just generally $&*(#@ people off if I don't accept/make calls during a time when a substantial number of people conduct business (i.e. while driving)? :confused NS Probably, but WHO CARES. As I tell every one of my patients a patient doctor relationship is ...
by staythecourse
Sun Oct 15, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: college application section - ec,volunteer,work activities
Replies: 10
Views: 731

Re: college application section - ec,volunteer,work activities

It's important to keep in mind that if your child is gunning for top schools, admissions staff would much rather see depth than breadth. College admissions officers care more about being the best tennis player in your state (for example) than playing four different sports in high school. Similarly,...
by staythecourse
Sun Oct 15, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5535

Re: Blue collar (or other) roots and your path to financial independence. Steps and tips for others?

If your talking starting as a blue collar worker then I think the usual bogleheads advice will not be sufficient to make it FI. I would advice those who are blue collar either 2 routes. Route 1. Leave the blue collar job and go get a government job with a pension. There are plenty of those with ver...
by staythecourse
Sat Oct 14, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5535

Re: Blue collar (or other) roots and your path to financial independence. Steps and tips for others?

If your talking starting as a blue collar worker then I think the usual bogleheads advice will not be sufficient to make it FI. I would advice those who are blue collar either 2 routes. Route 1. Leave the blue collar job and go get a government job with a pension. There are plenty of those with very...
by staythecourse
Fri Oct 13, 2017 5:29 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 160
Views: 13843

Re: What's your asset allocation and why?

I don't need the money in the short term... There is a saying which I am sure you are familiar with which goes (paraphrasing), "The worst is not knowing, but not knowing what you don't know". At 23 there is NO WAY to know when you may need money in the "short term". I'm 41 married with 2 kids and b...
by staythecourse
Fri Oct 13, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: My EJ portfolio vs my Vanguard, side by side
Replies: 27
Views: 3145

Re: My EJ portfolio vs my Vanguard, side by side

First off, take a step back and forget about the funds. Just breakdown each portfolio (EJ vs. Vanguard) by asset class and its % weight in the portfolio. There is NO point comparing the two unless they are apples to apples comparison. You may end up just proving that asset allocation does determine ...
by staythecourse
Fri Oct 13, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: How does the medical billing system work?
Replies: 34
Views: 2255

Re: How does the medical billing system work?

I don't understand the wide disparity between the 'MSRP' and the contracted cost. In many cases there is a very large percentage difference, and in some cases, such as surgeries, there could be a ten-fold difference in cost. My guess the answer to this question has to do with dreaded "Balanced bill...
by staythecourse
Wed Oct 11, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: Pro and cons of the Prime offer by Amazon.......
Replies: 39
Views: 3703

Re: Pro and cons of the Prime offer by Amazon.......

All I can say is with 2 parents working full time with 2 kids (one preschool and one KG) it has been a lifesaver. We just figure out during the day what we need for the kids or the house and then order it in 2 minutes that evening. Simple as can be. Have not been to a regular department store for an...
by staythecourse
Tue Oct 10, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5573

Re: Anesthesiologist Advise [how to save money]

Folks telling someone earning $25K/mo. to live frugally, drive a beater car, and move to a cheaper place in SF? I thought I've seen it all. This gentleman/lady has obviously demonstrated their ability to earn a high income, and worked hard for it. Now they are expected to scrounge and save? Do you ...
by staythecourse
Tue Oct 10, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3976

Re: Protecting against the possibility of a correction?

Is anyone doing anything to protect against the possibility of a correction, apart, of course, from the standard Bogleheads stay the course, rebalance, etc? No. I do the boring old "don't invest money you need anytime soon in stocks, static asset allocation I can tolerate in a market downturn rebal...
by staythecourse
Tue Oct 10, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5573

Re: Anesthesiologist Advise [how to save money]

First thing to do is some reading and meeting with an accountant. Reading about the basics of investing. Even if it is boglehead wiki page. Start with the foundation, i.e. lowering/ eliminating debt (not an issue with you), LBYM, figuring out your budget (to the closest $100), saving for EF (6 month...
by staythecourse
Tue Oct 10, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Made a career mistake- advice/next steps
Replies: 35
Views: 5624

Re: Made a career mistake- advice/next steps

One thing I saw nowhere was an honest conversation with your management. As a manager, if I hired someone and that person believes they were mis-led and are unhappy I would like to know about it now rather than in an exit interview. Have an honest conversation with your management, you might be sur...
by staythecourse
Sun Oct 08, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Roof shingles do not match - Neighbor sent notice
Replies: 44
Views: 5738

Re: Roof shingles do not match - Neighbor sent notice

Nasty attorneys can cause a lot of trouble because they know it takes time and money to contest them even if the law isn't on their side. My experience with lawyers are they are not good if they are NOT nasty. The real issue with lawyers are they doing what is right by their clients or just trying ...
by staythecourse
Sun Oct 08, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7504

Re: Do you want your receipt?

For example, product X and product Y is purchased on 10/7/2017 for $100. On the statement sometimes they are recorded as a charge for $25 and $75 instead of a total of $100. That is a pain to reconcile and requires going back to the "order" page and doing some random math. Anyone have an answer for...
by staythecourse
Sat Oct 07, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7504

Re: Do you want your receipt?

I always demand a receipt and check them against the monthly statement. How else can you check for fraud accurately? Exactly! I'm shocked anyone would say no. I guess they just pay whatever the cc statement says or the minimum. No. I know the places I normally shop. Perhaps people who spend a lot c...
by staythecourse
Sat Oct 07, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Roof shingles do not match - Neighbor sent notice
Replies: 44
Views: 5738

Re: Roof shingles do not match - Neighbor sent notice

I would ignore the letter and the neighbor. +1 You have already wasted more time on this than it deserves. Normally, my answer would be this, but not when dealing with a neighbor of ANY sort especially in a duplex situation. Your lives will ultimately tangle and it behooves BOTH of you to get along...
by staythecourse
Sat Oct 07, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 10081

Re: Third time in my 32 year career I have been laid off

I am sorry to hear that. I think you should be ok with your assets. I would be nervous having about 40% of net worth in two houses though. I live in CA. Housing keeps going up. My rental just increased rent by 400 a month. Should I be concerned? Are you interested in only living in CA? If I was in ...
by staythecourse
Sat Oct 07, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Length of bull market become more risky?
Replies: 15
Views: 1545

Re: Length of bull market become more risky?

Do my investment in a prolonged bull market become more risky at higher valuations? Before even asking that question shouldn't we still answer the more simpler one of, "Does valuations predict future stock returns?". Folks on here (more recently) seem to assume the dogma it does, but I still have n...
by staythecourse
Sat Oct 07, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 103
Views: 17969

Re:

auntie - Same situation. I "hired" a social worker who runs an eldercare management firm to be my healthcare power of attorney a few years ago. The firm is named in my will. Also, if I'm not dead but just somewhat incapacitated hopefully I will be able to gasp out the firm's name or show their busi...
by staythecourse
Sat Oct 07, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 103
Views: 17969

Re: Growing old without kids or younger caring relatives

Excellent topic for conversation. I have 2 kids so not worried as at least one will like us enough to help out. The issue is my wife and my siblings. We have 3 total and all 3 are single and older then us. Only one is that close with our kids. So don't think I will expect our kids to help at all tak...
by staythecourse
Fri Oct 06, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: Refund from Home Closing - 13+ years later (!?)
Replies: 12
Views: 1655

Re: Refund from Home Closing - 13+ years later (!?)

Strange indeed. Would love to hear from some RE attorneys their POV. I would call the RE attorney and just ask about 1. Why now and 2. The date was dated x years ago and is visible so what is the explanation. If it is not a decent explanation then I would call the state bar association and file a co...
by staythecourse
Fri Oct 06, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 15564

Re: Bogle himself is saying we will expect like 3% for the next decades

I think it's worth understanding the scenarios whereby you end up at 3% for a decade. For example, if you average an 8% return for 9 of those years and have one year where the market is down by 1/3, you end up with a 3% CAGR. That's not really a depressing combination of events--that's more like wh...
by staythecourse
Fri Oct 06, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 39
Views: 2212

Re: Sell or keep shares of a private company?

Boy, I would love to hear some expert opinions on this one. If I was single, no mortgage, no dependents, and already had 600k (indicating I was FAR more responsible then most my age) I would hold onto the shares. Best case scenario it would be worth MULTI- MILLIONS enough to retire early, i.e. life ...
by staythecourse
Fri Oct 06, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4209

Re: measurement of success of investment(s)

Yes I agree sp500 is GREAT proxy of the US equity market return as a whole Aha, then we are in complete agreement. I am assuming that was tongue in cheek. Either way I am not trying to change your mind. If you think SP500 is a suitable benchmark for all investors despite their actual asset allocati...
by staythecourse
Fri Oct 06, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4209

Re: measurement of success of investment(s)

If you are comparing yourself to an arbitrary benchmark then you are in essence INDUCING frame of reference risk. There are qualitative reasons the 500 is the market portfolio. Pragmatically it is accepted nationally as such. As the 500 goes so goes the market... Internally VG can use whatever it w...
by staythecourse
Fri Oct 06, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4061

Re: Trying to convince my sister not to use a financial advisor

I think it is often extraordinarily difficult to get neophyte investors to believe they can handle their own investments and to understand the impact of high fees. Agreed 100%. Interesting it is just not neophyte investors. I'm a physician and tried to convince my old partners to change a 401k to a...
by staythecourse
Fri Oct 06, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3363

Re: Sent to collections by a hospital we've never been to?

Thanks for update. Just make sure that the collection agency did not already report it to credit bureaus. If they did they need to notify all the 3 agencies. This may take another 30+ days to get corrected on the bureau end and thus reflect correct scores. For example, I realized after applying for ...
by staythecourse
Fri Oct 06, 2017 3:46 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4209

Re: measurement of success of investment(s)

Hi, How do you measure success of a certain stock, etf, etc. I pretty much go by the S&P500 (i.e. basically if I beat SPY or VOO). just wondering is this still standard. Thanks! Great question, but unless you are 100% Large cap U.S. terrible answer. For a passive investor success ii is measured by ...
by staythecourse
Fri Oct 06, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: VIPSX
Replies: 5
Views: 411

Re: VIPSX

There is also an abiding opinion that inflation is no longer a risk, but I think that is short sighted. Agreed. I would bet economic cycles occur when least expected or predicted. To the OP, the best hedge for inflation over the long term (20+ years) is just having more in equities. Over time the c...
by staythecourse
Fri Oct 06, 2017 10:17 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Evidence Of Shrinking Alpha
Replies: 5
Views: 1040

Re: Larry Swedroe: Evidence Of Shrinking Alpha

I have commented on this numerous times. It does not matter for the retail investor if we have efficient markets. They only thing they should care about is can one consistently exploit inefficiencies to produce alpha over at least a 1/2 of an investing lifetime (25 years) after accounting for fees, ...
by staythecourse
Fri Oct 06, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3363

Re: Sent to collections by a hospital we've never been to?

investing1012 wrote:
Fri Oct 06, 2017 10:04 am
What probably happened is that you had a pathology specimen read at a second hospital for a second opinion. The hospital is trying to recoup its payment from the read.
If that was the case the patient would still have received an EOB for that charge.

Good luck.
by staythecourse
Thu Oct 05, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: Barcelona Hotel Recommendations
Replies: 30
Views: 2205

Re: Barcelona Hotel Recommendations

Wife and I stayed in a great hotel, something like Hotel Catedral or close to it. Sent another couple there and they liked it as well. It is about 2 streets from Placa Catalunya (?spelling). So right there near all the action. At the time (5 years ago) there was a great, little Vietnamese restaurant...