Search found 6293 matches

by staythecourse
Mon Jan 21, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Federal Workers
Replies: 33
Views: 1206

Re: Federal Workers

I think this post is actionable. Most (I was one of them) would have thought being a federal worker is VERY stable. It is in long term risk (retirement, not getting fired, etc...), but even in this field there are black swans that cause short term risk. Who would have guessed a shutdown lasting this...
by staythecourse
Mon Jan 21, 2019 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Using 529 for retirement rather than just education?
Replies: 16
Views: 1528

Re: Using 529 for retirement rather than just education?

A 529 is an excellent retirement vehicle if part of your retirement plan is paying for the educational expenses of your children, grandchildren, or yourself. Agreed. The 529 plan is a poor man's educational trust. IF you don't expect to use all the money in your lifetime and want to contribute to y...
by staythecourse
Mon Jan 21, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Physicians: did you incorporate yourself? Is it worth it?
Replies: 12
Views: 1160

Re: Physicians: did you incorporate yourself? Is it worth it?

Many states do not allow professionals (doctors, lawyers, accountants, architects, etc...) to be shielded from professional liability through a corporation or LLC. With that being said, it would offer contractual protection (such as skipping out on a lease), but even then most leases have a persona...
by staythecourse
Sun Jan 20, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 75
Views: 9825

Re: Follow-up to: My daughter's inheritance

You make a PERFECT candidate for a 3 fund. ANYONE can manage a 3 fund portfolio with very little effort once you learn the basics. The only difference is I would do total international mid/ small vs. total international, but that is just me.

Good luck.
by staythecourse
Sun Jan 20, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Buy house without agent
Replies: 55
Views: 4320

Re: Buy house without agent

Sorry didn't read the responses so apologize if I am repeating... 1. Google rules of procurement. That is the law that real estate agents use to advocate they deserve the commission. Basically, if the agent helps you come to the decision to purchase is any way then they get a commission. You found t...
by staythecourse
Sun Jan 20, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Physicians: did you incorporate yourself? Is it worth it?
Replies: 12
Views: 1160

Re: Physicians: did you incorporate yourself? Is it worth it?

Biggest is PERSONAL liability protection. So you have to figure out do you need it? Do you own/ rent the office space you are working out of? If someone falls/ slips/ has a piece of the ceiling fall/ etc... you would be legally responsible. Do you employ workers? If so, civil lawsuit can occur those...
by staythecourse
Sat Jan 19, 2019 5:41 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 104
Views: 5389

Re: What does 20% extra of portfolio allocated to equities get you?

I find this data fascinating on the percentage of equities against performance and how much risk one is taking. If I am reading the numbers correctly, most people need to be more conservative and not take as much risk for a 0.8%-2.2% increased return for every 20% on equities? 2% doesn't sound like...
by staythecourse
Sat Jan 19, 2019 4:57 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 104
Views: 5389

Re: What does 20% extra of portfolio allocated to equities get you?

I find this data fascinating on the percentage of equities against performance and how much risk one is taking. If I am reading the numbers correctly, most people need to be more conservative and not take as much risk for a 0.8%-2.2% increased return for every 20% on equities? 2% doesn't sound like...
by staythecourse
Sat Jan 19, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3476

Re: How much money does one need to setup a private S&P 500 fund?

Why? The cost and ease of implementation of a sp500 fund WELL outweighs the benefit of making your own and eliminating the cost, being on top of buying and selling when the index changes, etc... If you must though I would make your life easier and just remake the DJ. Those 30 companies basically fol...
by staythecourse
Sat Jan 19, 2019 9:59 am
Forum: Investing - Theory, News & General
Topic: What do you think about this 5 Fund portfolio vs 3 Fund one ?
Replies: 9
Views: 1290

Re: What do you think about this 5 Fund portfolio vs 3 Fund one ?

Not sure why folks are hating, but if you have a long time horizon it is reasonable enough. It is basically 90/10 (stocks/ bonds) with 10% of the stocks international. It has a small bet on vanguard consumer staples (10%) which won't blow up your returns in worst case scenario. If you could stick wi...
by staythecourse
Sat Jan 19, 2019 9:35 am
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 58
Views: 6420

Re: The NY Times calls us a cult but in a good way

Interesting. I would not say we a cult-ish. Few will do anything Mr. Bogle recommended without fail, but most nearly everyone else takes in the information from that trusted source and balances it with other sources of information and does what makes sense in their eyes. To be honest as much as I re...
by staythecourse
Fri Jan 18, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Any MD pursued a CFA? Thoughts?
Replies: 27
Views: 2462

Re: Any MD pursued a CFA? Thoughts?

Any MD considering going to business school for fun should read the HBS business case on Shouldice Hernia Hospital (you can find it online with some quick Googling). Almost every MBA student in the past 30 years has encountered it in their curriculum. And it has also single handedly made the hospit...
by staythecourse
Fri Jan 18, 2019 10:03 am
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 117
Views: 9611

Re: Who Will Speak for US?

We will. We are the consumer. We hold the power. We know what we want, thanks to Jack Bogle. JT Not to contradict you, however, institutional agents hold the power by a long shot. In the 50's, individual investors held over 90% of U.S. equities vs the roughly 30% or less held today. Institutions ma...
by staythecourse
Fri Jan 18, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 117
Views: 9611

Re: Who Will Speak for US?

We will. We are the consumer. We hold the power. We know what we want, thanks to Jack Bogle. JT Not to contradict you, however, institutional agents hold the power by a long shot. In the 50's, individual investors held over 90% of U.S. equities vs the roughly 30% or less held today. Institutions ma...
by staythecourse
Fri Jan 18, 2019 9:42 am
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 157
Views: 5665

Re: My trend following strategy and experience

This is funny. I thought of this same idea the first year I EVER started thinking about personal finance. I thought, "what if you used unemployment numbers and the direction the market was going to decide how much you should be in or out of the market". I am not that bright so thought if I thought o...
by staythecourse
Thu Jan 17, 2019 9:02 am
Forum: Investing - Help with Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 82
Views: 7898

Re: 100% in VTSAX - Is it crazy???

Not crazy and no big deal. Just do what you feel is right. Your future liabilities are covered outside of a rare, VERY RARE event something changes with your pensions. I'm 100% equity and don't find it a big deal at all. I'm a doc. married to a doc so am pretty confident about future earnings (can a...
by staythecourse
Wed Jan 16, 2019 6:43 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 850
Views: 43837

Re: John Bogle is dead at 89

Truly sad day. I will always appreciate him doing more for the retail investor then ANY person to this day. I can not even imagine a "Wonderful Life" scenario he didn't exist. I am grateful as I am sure he was that his inspiration will live on through this forum being found. I don't know if it meant...
by staythecourse
Wed Jan 16, 2019 10:03 am
Forum: Investing - Help with Personal Investments
Topic: The Three-Fund Portfolio
Replies: 10
Views: 1087

Re: The Three-Fund Portfolio

RadAudit wrote:
Wed Jan 16, 2019 8:54 am
staythecourse wrote:
Tue Jan 15, 2019 12:17 pm
The answer is it may or may not.

I am not sure how many times I have to say this on this forum, ...
Folks new to the forum show up almost every day. :happy
Point well taken

Good luck.
by staythecourse
Wed Jan 16, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 95
Views: 7384

Re: When would you stop being a Boglehead?

Great question. I think it isn't the size of the portfolio that matters. One of the MANY advantages of boglehead principles is it is scalable. It works on 10k to 100million. No difference especially if you use a 3 fund. Now the bigger question you are asking is when would you stop running the show. ...
by staythecourse
Tue Jan 15, 2019 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: TLH a la max12377 style with self directed 401k
Replies: 10
Views: 387

Re: TLH a la max12377 style with self directed 401k

There is debate about whether purchases in a 401(k) can cause a wash sale. I would not volunteer to create a wash sale in that case. Is that true? I would assume it is a wash sale as the spirit of the IRS rule shouldn't matter on what "envelope" the moves are made from. Any tax or IRS agents out th...
by staythecourse
Tue Jan 15, 2019 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Super Aggressive MF or ETFs?
Replies: 20
Views: 1102

Re: Super Aggressive MF or ETFs?

In general, Bogleheads are not the "super aggressive" type... :happy In general, +1 Please realize that taking risk is not always rewarded. Not me, I'm pretty aggressive. The difference is understanding risks that come with a premium and those that don't. Going small cap takes on increased risk and...
by staythecourse
Tue Jan 15, 2019 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: TLH a la max12377 style with self directed 401k
Replies: 10
Views: 387

Re: TLH a la max12377 style with self directed 401k

There is debate about whether purchases in a 401(k) can cause a wash sale. I would not volunteer to create a wash sale in that case. Is that true? I would assume it is a wash sale as the spirit of the IRS rule shouldn't matter on what "envelope" the moves are made from. Any tax or IRS agents out th...
by staythecourse
Tue Jan 15, 2019 7:46 pm
Forum: Investing - Theory, News & General
Topic: GMO's 7‐Year Asset Class Real Return Forecasts
Replies: 29
Views: 1862

Re: GMO's 7‐Year Asset Class Real Return Forecasts

These were their forecasts 6/30/11-6/30/18 https://pensionpartners.com/wp-content/uploads/2018/07/gmo4.png Here's my chart of how their forecasts compared with the actual results: https://imgur.com/qoxj7Kh.png The correlation coefficient between the forecasts and the observations 0.05. That is to s...
by staythecourse
Tue Jan 15, 2019 7:43 pm
Forum: Investing - Theory, News & General
Topic: GMO's 7‐Year Asset Class Real Return Forecasts
Replies: 29
Views: 1862

Re: GMO's 7‐Year Asset Class Real Return Forecasts

I think the basic flaw in their methodology is that they are forecasting significant decline in S&P 500 operating profit margins and a valuation multiple decline. While latter seems justified, I am not so sure on former. I totally get their POV that profit margins are the most mean reverting series...
by staythecourse
Tue Jan 15, 2019 7:18 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 175
Views: 10342

Re: Are You Dumping Netflix?

So one is complaining about spending an extra $24 a YEAR on x? Are you that efficient with your purchases that is the lowest hanging fruit in your living expenses? I would think that would be the very top of that tree. There are probably HUNDREDS of things you can do to save that more then $24 per m...
by staythecourse
Tue Jan 15, 2019 5:17 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2753

Re: School staff threatened to call social worker

What do the school board guidelines say? Have them quote the exact sections of the school board policy that you are in violation of. Then figure out is it a "shall" phrasing or more a discretionary enforcement. If it the former I would think you are tough out of luck unless you can convince the scho...
by staythecourse
Tue Jan 15, 2019 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: The Three-Fund Portfolio
Replies: 10
Views: 1087

Re: The Three-Fund Portfolio

The answer is it may or may not. I am not sure how many times I have to say this on this forum, but either I am being ignored or folks simply do not understand the equation for return of a portfolio. The return of ANY portfolio is simply the summation of the individual subassets at their weighted av...
by staythecourse
Mon Jan 14, 2019 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: One book for my neice, a young mom.
Replies: 20
Views: 1198

Re: One book for my neice, a young mom.

Not sure it can get any easier yet complete then Allen Roth "How a second grader beat Wall Street."

Working, married, and 3 kids at home she doesn't have time for anything complex!

Good luck.
by staythecourse
Mon Jan 14, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: To buy new home or not
Replies: 17
Views: 1166

Re: To buy new home or not

My answer is NO. It isn't about needing a new house. The only need will be when you need to take care of your parent, but A LOT can happen before that, i.e. they can die, need to be put in nursing home, their needs will influence the layout of the house you will need, etc... So right now it is only ...
by staythecourse
Mon Jan 14, 2019 10:39 am
Forum: Investing - Theory, News & General
Topic: U.S. economy could slip from top spot in 2020 and keep slipping
Replies: 25
Views: 1860

Re: U.S. economy could slip from top spot in 2020 and keep slipping

More then interesting about the slope of change from the 1990 to even now is actually how consistent Japan has been in GDP growth over this ENTIRE time yet there stock market stays in shambles. Not an economists, but that doesn't seem to jive. Whats the story with that one? Also, how bad U.K. has be...
by staythecourse
Mon Jan 14, 2019 10:25 am
Forum: Investing - Help with Personal Investments
Topic: RE: What to do with previous solo 401k?
Replies: 7
Views: 479

Re: RE: What to do with previous solo 401k?

Much thanks for all confirming it is okay to rollover to IRA. All the money is traditional (employEE and employER) so all monies will be going to traditional IRA. You likely can not just rollover the TD Ameritrade Individual 401k to an IRA unless you are >= age 59 1/2. A one-participant 401k is sti...
by staythecourse
Mon Jan 14, 2019 9:34 am
Forum: Investing - Help with Personal Investments
Topic: RE: What to do with previous solo 401k?
Replies: 7
Views: 479

Re: RE: What to do with previous solo 401k?

Much thanks for all confirming it is okay to rollover to IRA. All the money is traditional (employEE and employER) so all monies will be going to traditional IRA.

Good luck.
by staythecourse
Sun Jan 13, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in private practice medical or take VA job offer?
Replies: 45
Views: 3624

Re: Stay in private practice medical or take VA job offer?

I think much of the administrative issues people have brought up on this thread (most seemingly from second hand experience) are more of a problem with those who are in administration. I have been primarily clinical and really don't get bogged down with any of that stuff. I come in at 8am, do my wo...
by staythecourse
Sun Jan 13, 2019 7:44 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4242

Re: How to avoid temptation to buy hot stocks or bitcoin?

How to avoid temptation? Make a plan and stick to it. Agree. If you haven't been able to stop in the last 20 years I don't see you stopping EVER. So 2 options exist: 1. Let someone else handle your portfolio or 2. Place specific guidelines. If you choose the latter maybe invest 90% in a bogleheads ...
by staythecourse
Sun Jan 13, 2019 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: RE: What to do with previous solo 401k?
Replies: 7
Views: 479

Re: RE: What to do with previous solo 401k?

Question: What rollover options are there to rollover that previous TD ameritrade account? Can I roll it over to my IRAs sitting at Vanguard? I don't see why not. Or is the only option to rollover to my Vanguard solo 401k account? Vanguard's Solo 401k is reported not to accept rollovers, even from ...
by staythecourse
Sun Jan 13, 2019 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in private practice medical or take VA job offer?
Replies: 45
Views: 3624

Re: Stay in private practice medical or take VA job offer?

In exchange you are getting into a situation you have admin. incompetence to the upteenth level in the government Having spent a career dealing with management incompetence in a mega corp, I always find such generalizations to be somewhat of an exaggeration. Not if you are comparing a private medic...
by staythecourse
Sun Jan 13, 2019 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: RE: What to do with previous solo 401k?
Replies: 7
Views: 479

RE: What to do with previous solo 401k?

Hi all, Looking for some guidance. I had a solo401k with TD ameritrade when I started by solo medical practice as a solo prop at that time. This I had and contributed until last year. Last year I incorporated into an single member LLC. I opened up a Vanguard solo 401k when I started that LLC and con...
by staythecourse
Sun Jan 13, 2019 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2612

Re: Real estate as part of overall investment plan

I would LOVE to add direct real estate to my investments, but... I have no clue on how to manage it. I don't like the illiquidity I don't like the lack of diversification I don't like the single company risk (myself) I don't want to ADD another job to my daily life on top of my profession, husband,...
by staythecourse
Sun Jan 13, 2019 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2612

Re: Real estate as part of overall investment plan

We have one rental and are shopping another right now. It's pretty hard to go wrong if you 1) get a deal and 2) pay cash. If you can't do both of those things, I personally wouldn't do it. I'm sorry that comes off as pretty naive. If you can't go wrong with it and all you need is cash then why are ...
by staythecourse
Sun Jan 13, 2019 8:58 am
Forum: Investing - Theory, News & General
Topic: Any thoughts on the role of Gold in your portfolio?
Replies: 103
Views: 5749

Re: Any thoughts on the role of Gold in your portfolio?

Actually, I was trying to flesh out the investment versus insurance distinction used by another member. I gather that gold is an investment when owned in anticipation of normal market and economic cycles but is insurance when owned mainly for black swan events. I am not sure where these urban legen...
by staythecourse
Sat Jan 12, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5038

Re: Diagnosing Knee Problems over the Phone - Medicare

Yes, he still doesn't get it. His institution is allowed to charge facility fees ( multiples of the doctors fees), which is how he is paid. A private practice doc, however, is not eligible to charge facility fees and therefore has to pay for their IT services out of the fees paid from CPT codes for...
by staythecourse
Sat Jan 12, 2019 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2612

Re: Real estate as part of overall investment plan

I would LOVE to add direct real estate to my investments, but... I have no clue on how to manage it. I don't like the illiquidity I don't like the lack of diversification I don't like the single company risk (myself) I don't want to ADD another job to my daily life on top of my profession, husband, ...
by staythecourse
Sat Jan 12, 2019 5:18 pm
Forum: Investing - Theory, News & General
Topic: Emerging markets cannot be fairly valued and investors are better off elsewhere: Change my mind :)
Replies: 128
Views: 7416

Re: Emerging markets cannot be fairly valued and investors are better off elsewhere: Change my mind :)

Am I claiming I know something that the market doesn't? Certainly not Yes, you literally are. Your contention depends on the unproven assumption "emerging markets cannot be fairly valued," whereas the market thinks that they can be. You're welcome to operate under that assumption, or course, but yo...
by staythecourse
Sat Jan 12, 2019 4:55 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on the role of Gold in your portfolio?
Replies: 103
Views: 5749

Re: Any thoughts on the role of Gold in your portfolio?

I think there is a role for gold as long as you are not expecting to be fooled and expect what I have always called looking for the "holy grail of investing", i.e. equity like returns for low to no correlation to equities. Like CCF and many other alternatives... yes it adds a more efficient, less vo...
by staythecourse
Sat Jan 12, 2019 2:34 pm
Forum: Investing - Theory, News & General
Topic: Using TSM for Essential Liabilities- TSM's worst rolling averages
Replies: 18
Views: 1634

Re: Using TSM for Essential Liabilities- TSM's worst rolling averages

Thank you for the interesting paper AND your original work based on that work. Much to ponder and hope this thread gets A LOT of input as there seems to be a lot of meat to chew on so to speak. Haven't gotten to your work yet, but did read the original paper that you quoted. Sure you are aware, but ...
by staythecourse
Sat Jan 12, 2019 11:29 am
Forum: Investing - Help with Personal Investments
Topic: What to do after maxing out all tax advantaged options?
Replies: 33
Views: 4176

Re: What to do after maxing out all tax advantaged options?

For the high saver it is all about how much you save in taxable. If you considering private school, paying for expensive colleges, grad school in future (for yourself or your kids), etc... keep on plowing money into your 529. The gift tax exemption per year is 14k/ year per person per kid. That is 2...
by staythecourse
Sat Jan 12, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10223

Re: Millionaire by 40 and How you Did it?

This has been hashed (consider reading the comprehensive net worth thread), but it comes down to mathematics and savings rate (LBYM) in almost all circumstances. What return you have gotten (many 40 YO have ridden the latest bull market successfully whereas the current 30 YO shouldn't count on the ...
by staythecourse
Fri Jan 11, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Company relocating and not interested - next steps ?
Replies: 48
Views: 3688

Re: Company relocating and not interested - next steps ?

What's the problem? Just stay until you get fired for not relocating. Then look for a new job. If you are financially secure then find ANY job for health insurance until you ride it out until retirement. Sounds easy enough. Heck to uber driving until you find another gig. Money is not an object so t...
by staythecourse
Fri Jan 11, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in private practice medical or take VA job offer?
Replies: 45
Views: 3624

Re: Stay in private practice medical or take VA job offer?

I’d also imagine switching from private practice to a VA job is going to be frustrating in ways you dont understand yet. If there is one thing I have learned life it is ALL about tradeoffs. Everyone seems to be tunnel vision on just one aspect of a decision (in this case commute) and puts blinders ...
by staythecourse
Fri Jan 11, 2019 11:22 am
Forum: Investing - Theory, News & General
Topic: Are REITs better to purchase when interest rates are high or low?
Replies: 64
Views: 4331

Re: Are REITs better to purchase when interest rates are high or low?

Sorry to lazy to read all the replies so apologize in advance if I am repeating. I believe Vanguard or someone else did a study showing there is NO correlation between REIT price changes and interest rates. So it would seem this is one I would put in the urban legend section. Only makes sense as it ...