Search found 5133 matches

by staythecourse
Thu Jan 18, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 4356

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: 4356

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: 110
Views: 5026

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: 20
Views: 1287

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: 4356

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: 110
Views: 5026

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: 4356

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: 110
Views: 5026

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: 4452

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: 20
Views: 1287

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...
by staythecourse
Thu Jan 18, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 4356

Re: To the doctors on the forum

The average consumer is being asked to ask all these questions and the Drs don’t know. I do agree with this. I don't know other fields, but I will admit doctors for whatever reason (insecurity) do NOT like to say they don't know. The reasonable answer from the doctor should have been something like...
by staythecourse
Wed Jan 17, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 4356

Re: To the doctors on the forum

Just as a small addendum to my last post it is interesting as the push is for MORE separation between clinical responsibilities of patient care and the business side when it comes to medicine. Everyone seems to love it when the doctor is kept at an arms length away from the business side (understand...
by staythecourse
Wed Jan 17, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 4356

Re: To the doctors on the forum

Why would the doctor's office know how much an MRI costs? When you go to McDonalds do they know how much your accountant bills you for? It ISN"T the doctor's office billing for the MRI it is the MRI centers doing the billing. Why not ask the individual MRI centers what their billing is? OF course, t...
by staythecourse
Wed Jan 17, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 38
Views: 2212

Re: How to overcome the fear of spending money? (Buying a car)

Someone just started a thread on writing an IPS - do you have one? One nice thing about an IPS is that you define your savings goals - if you are meeting all your savings goal then you can allow yourself to spend some money on an item that might not be completely necessary. (Thread started on IPS: ...
by staythecourse
Tue Jan 16, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets equities went sideways for 50 years 1920-70
Replies: 24
Views: 1985

Re: Emerging Markets equities went sideways for 50 years 1920-70

It is just silly to try to analyze any data trying to see how EM did in 1920's. If it wasn't for Alfred Cowles and his pety hobby we wouldn't even have U.S. equity data from that far back. EM may do well or bad or sideways. No different then U.S., Japan, Australia, etc... No one has a crystal ball f...
by staythecourse
Mon Jan 15, 2018 10:45 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 154
Views: 12561

Re: How does everyone keep track of your portfolio?

retiredjg wrote:
Sun Oct 15, 2017 2:18 pm
I use a pencil and paper. Works for me. :wink:
Ditto. Use a legal pad and pen. Not sure why folks do all the extra work doesn't all the platforms do cost basis for you?

Good luck.
by staythecourse
Sun Jan 14, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Funding 529s and retirement from taxable investment accounts
Replies: 11
Views: 774

Re: Funding 529s and retirement from taxable investment accounts

Interesting question.

If the capital gains tax is nil or low I would not miss liquidating and putting into at least the IRA. If you want to do the same with 529 that is up to you, but keep in mind YOUR retirement is first, second, third, etc... vs. paying for kids education.

Good luck.
by staythecourse
Sun Jan 14, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Uber experience as worker?
Replies: 16
Views: 1577

Uber experience as worker?

Have read many threads about ER and the consistent issue seems to be coverage for medical care without tapping into retirement savings. Doesn't apply to me as I can literally work probably 1 day a week and pay for my own insurance if I choose ER in the future. Just thought I would throw this query o...
by staythecourse
Sun Jan 14, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Millionaire Study
Replies: 59
Views: 10139

Re: Dave Ramsey's Millionaire Study

He doesn't care about the results of the survey. Surveys are just an effective way to get people involved with Ramsey. The survey results will show whatever he want them to show because most of the people who take it will be people who are attracted to Ramsey's ideas. Agreed. There is NO WAY he wil...
by staythecourse
Sat Jan 13, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: Skating where the puck was; e.g., commodities. Factors next?
Replies: 35
Views: 2412

Re: Skating where the puck was; e.g., commodities. Factors next?

You know if you stay in place eventually the puck comes back.:) Skating where the puck was isn't that bad as long as you stop when you get there (i.e. don't switch from value to momentum to quality as each posts nice 3 year returns) I have to admit it's amusing to see people talking so confidently ...
by staythecourse
Sat Jan 13, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Firing real estate agent after offer made?
Replies: 29
Views: 3161

Re: Firing real estate agent after offer made?

Thanks for the response. When you guys say broker, do you mean the agency that the agent works for, or something else? Right now I'm contemplating walking away from this whole deal before further damage is done. I don't really care if he gets the commission or not. I'm just seriously worried that a...
by staythecourse
Sat Jan 13, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7679

Re: Heading for a top?

Now if you need the money in 0-5 years, you might want to make your AA more conservative, since you don't have the "long-term" anymore. At least SOME of your money, you're going to need in the short-term. That is the key. No matter if you have 20% or 100% in stocks there are certain criteria for th...
by staythecourse
Sat Jan 13, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Firing real estate agent after offer made?
Replies: 29
Views: 3161

Re: Firing real estate agent after offer made?

Okay this is how it works. There is a rule/ law called Law of Procurement. IF said RE agent helped you come to the point of giving an offer he/ she is legally allowed to have their fair share of the commission IRREGARDLESS if you fire the agent or not. Trust me at this point the RE agent would be ha...
by staythecourse
Sat Jan 13, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2556

Re: Trying to help acquaintence - medicare costs

Not to sound like a smart**s, but I would just call her retirement pension folks and ask them direct. It is nice of you to intervene and this is the best way to do it. There are a MILLION things it could be, so no way to know unless you have her retirement plan documents available by paper or online...
by staythecourse
Sat Jan 13, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: AA is much harder than I thought...
Replies: 32
Views: 3682

Re: AA is much harder than I thought...

I've noticed that no one flat out announces 'I'm making a bad decision!' when they buy high/sell low. Rather, the investor psychology tricks one into believing one is making a good decision ( REITs are too complicated, I'll simplify by sliding them this into stocks... it's the Boglehead way! ). I t...
by staythecourse
Sat Jan 13, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: New 529 rules -- One state plan's response
Replies: 12
Views: 991

Re: New 529 rules -- One state plan's response

Thanks for the update.

Just curious, if it is a federal law (the new IRS tax changes) is is even allowed for the state to prevent or anyway limit what the funds can be used for?

Good luck.

p.s. Not a laywer, but find it interesting when these state vs. federal issues pop up.
by staythecourse
Sat Jan 13, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 6547

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

I know you didn't ask, but a 25 year old who lives alone and wants to retire with such little money in their name makes me question your mental health. Is there other stuff going on? I think the first thing is to address whatever is your real problems. Trust me, working up to 25 years old is not it...
by staythecourse
Sat Jan 13, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 6547

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

Who knows how the OP will feel in another 10 years, but he is making plans based on current circumstances and it all seems quite reasonable. So making decisions now that will affect the future you when you admit that the current you has a good chance of changing is not important? I would say that i...
by staythecourse
Sat Jan 13, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Skating where the puck was; e.g., commodities. Factors next?
Replies: 35
Views: 2412

Re: Skating where the puck was; e.g., commodities. Factors next?

...as TSM increasingly becomes a big bet on large cap growth at current valuations... NO. IT. ISN'T. Actually it is. TSM is 70% SP500. Look at TSM and SP500 they are basically the same returns, risk, and likely correlation coefficient. The 70% is such a large portion of TSM the 20% in mid, 7% in sm...
by staythecourse
Sat Jan 13, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7679

Re: Heading for a top?

Who cares if it is at the top? I can't understand why folks are so scared of the market dropping and losing money. It is NORMAL for the market to fall. Folks treat it as if it is so abnormal as one has to figure out a plan to avoid it. Believe it was Friedman or Keynes who famously said something to...
by staythecourse
Sat Jan 13, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Skating where the puck was; e.g., commodities. Factors next?
Replies: 35
Views: 2412

Re: Skating where the puck was; e.g., commodities. Factors next?

...as TSM increasingly becomes a big bet on large cap growth at current valuations... NO. IT. ISN'T. Actually it is. TSM is 70% SP500. Look at TSM and SP500 they are basically the same returns, risk, and likely correlation coefficient. The 70% is such a large portion of TSM the 20% in mid, 7% in sm...
by staythecourse
Sat Jan 13, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 6547

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

I know you didn't ask, but a 25 year old who lives alone and wants to retire with such little money in their name makes me question your mental health. Is there other stuff going on? I think the first thing is to address whatever is your real problems. Trust me, working up to 25 years old is not it....
by staythecourse
Fri Jan 12, 2018 9:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 106
Views: 7862

Re: Post your Financial Milestone Announcements Here

Kudos to all who have and continue to reach their financial milestones. It is interesting as we (wife and I) hit each one in our lives I am disappointed I am not more excited. I remember the first one getting revved up for a couple weeks before in anticipation and thinking about it for weeks later. ...
by staythecourse
Fri Jan 12, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 85
Views: 7631

Re: REIT or No REIT

What a coincidence it is near a 52 week low and most want to get rid of them. Here's a different opinion when they were booming: https://www.bogleheads.org/forum/viewtopic.php?t=52866 Stay the course, folks. If they were good back then they are still good now. I am rebalancing in since that's what ...
by staythecourse
Fri Jan 12, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 85
Views: 7631

Re: REIT or No REIT

livesoft wrote:
Fri Dec 22, 2017 10:59 am
My case: REITs are bad investments in a rising interest rate environment since they run on borrowed money.
I wish this urban legend would just die. I believe the data shows there is NO correlation between interest rates and REIT performance.

Good luck.
by staythecourse
Fri Jan 12, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Do bonds generally go up when the stock market crashes?
Replies: 27
Views: 1482

Re: Do bonds generally go up when the stock market crashes?

Even if they do there are other factors that matter as well. One, is the magnitude of the movement when stocks tank. If they only go up 5% when the market goes down 30% you can see not much help. Second, is the weighted average that is dedicated to bonds vs. stocks. If you have 5% in bonds and 95% i...
by staythecourse
Fri Jan 12, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 7934

Re: How much/little money to give kids in will so they continue to work

Give them a dollar from the trust for every dollar they earn. I suppose that's one way to tell one's daughters they are never allowed to be a stay-at-home mom for their children or even just switch to part-time work.... This is what I recommended earlier. I would match a % of their income. As menti...
by staythecourse
Fri Jan 12, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: Skating where the puck was; e.g., commodities. Factors next?
Replies: 35
Views: 2412

Re: Skating where the puck was; e.g., commodities. Factors next?

I have to disagree with trying to correlation the terrible results of commodities to "skating where the puck was". Commodities return is based on 3 factors: Roll return, collateral return, and spot price. Spot price has always tracked inflation so no real return there. Collateral return (most are do...
by staythecourse
Thu Jan 11, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 7934

Re: How much/little money to give kids so they continue to work

I have not set up trusts yet for my minors (5 and 2), but will be shortly. I have slowly started thinking about this. Just curious for those in the know (ahem Bsteiner) can't you just stipulate money to be left in the trust and only be used for something like health and education. Other then that h...
by staythecourse
Wed Jan 10, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 7934

Re: How much/little money to give kids so they continue to work

I have not set up trusts yet for my minors (5 and 2), but will be shortly. I have slowly started thinking about this. Just curious for those in the know (ahem Bsteiner) can't you just stipulate money to be left in the trust and only be used for something like health and education. Other then that ho...
by staythecourse
Wed Jan 10, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: Why Buy Bonds If You Have A Mortgage?
Replies: 187
Views: 16969

Re: Why Buy Bonds If You Have A Mortgage?

I prefer to think of a house as more like a pension, which increases your risk tolerance; the house will pay your rent every month, so losing 20% of your portfolio does not result in a 20% reduction in your standard of living. Wouldn't that be only considered if you OWN your house? Until you own it...
by staythecourse
Wed Jan 10, 2018 8:04 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 126
Views: 20650

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

One of the few times I am not going to feel bad deviating a thread, but was hoping Taylor could add to why he chose this move to free up equity in the house vs. HELOC vs. reverse home mortgage. Not looking for in depth analysis, but just curious in a person like Taylor's situation why one option wo...
by staythecourse
Wed Jan 10, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: How diversified are you really with cap weighted foreign markets?
Replies: 37
Views: 1978

Re: How diversified are you really with cap weighted foreign markets?

It is true that a single country equity index is not diversified for many countries. The diversification of a developed market or total non-US equity index fund arises from diversification across many countries. For VTMGX (cap-weighted all-cap developed market index fund) the 10 largest holdings ar...
by staythecourse
Tue Jan 09, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Did I need a lawyer after an accident?
Replies: 29
Views: 2594

Re: Did I need a lawyer after an accident?

Hello, I was hoping to get your advice regarding the recent accident I was involved in. It happened in early November 2017 - insured drunk driver was speeding drove on red light and hit the passenger side of my car. I had minor injuries, required short stay in the ER (although total bills are about...
by staythecourse
Tue Jan 09, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: I'm Simply Not on the Same Plane As You
Replies: 25
Views: 4517

Re: I'm Simply Not on the Same Plane As You

But for a guy who is headed to 70 who is not up on balancing and who has rode Enron down to nothing... two (2) failed marriages ($$$$) I'm highly conservative. This is about my kids whom I wish to leave some sense of security.... If this is not about you the best "sense of security" you could leave...
by staythecourse
Tue Jan 09, 2018 10:02 pm
Forum: Personal Consumer Issues
Topic: retiree health ins - how to propose to Employer?
Replies: 39
Views: 1717

Re: retiree health ins - how to propose to Employer?

If you were the employer would you do this if asked? There is no advantage for them. The employer will do this if asked in order to comply with the law. The advantage to the employer is they will not be sued or fined by the Department of Labor. Did I miss something? It is explained above. If the em...
by staythecourse
Tue Jan 09, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 126
Views: 20650

Re: 2 reasons the elderly might pay-off a mortgage

The older you are the more sense it makes sense to pay off mortgage. Sorry, this is not always true. For example (I'm 93), even though I could afford to pay-off my mortgage, I chose to refinance with a larger (low interest) mortgage. Here's why: * A large part of my net-worth was tied-up in my home...
by staythecourse
Tue Jan 09, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 126
Views: 20650

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

While many things are true in the article it is very one sided. Of course is one is filthy rich and has hundreds of thousands of cash lying around, sure pay off the mortgage. The key to the question is liquidity. If you have lots of liquidity paying off a mortgage is probably better than a comparab...
by staythecourse
Tue Jan 09, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: retiree health ins - how to propose to Employer?
Replies: 39
Views: 1717

Re: retiree health ins - how to propose to Employer?

If you were the employer would you do this if asked? There is no advantage for them. The employer will do this if asked in order to comply with the law. The advantage to the employer is they will not be sued or fined by the Department of Labor. Did I miss something? They have no responsibilities to...
by staythecourse
Tue Jan 09, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance without the hassle?
Replies: 25
Views: 2373

Re: Health insurance without the hassle?

I'm somewhat suspicious of Kaiser because in this case I feel like I'm trying to get away from the socialized aspects of the system I'm in. What if the best doctor for something isn't with Kaiser? Or what if the Kaiser doctor for something is not great? These aren't rhetorical questions. This is ac...