Search found 5452 matches

by staythecourse
Fri Apr 20, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 67
Views: 3948

Re: NYT article: Everyone should hire a financial planner

I have said numerous times there is ABSOLUTELY a need for financial planners, but not with model they use. Their model is, "Give us your money and we will steer the ship in the right direction, because we know better as the professionals". In facet what they NEED to do is market service lines like: ...
by staythecourse
Fri Apr 20, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 85
Views: 3856

Re: Factor in evaluating Physicians

I'm curious if ANY boglehead likes their doctor> It seems thread after thread is about finding a flaw about your physician. How many posts have I seen on this site about liking their doctor's care? The years I have spent on here has proven over and over this is a VERY biased message board against do...
by staythecourse
Fri Apr 20, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

Truth be told, this is the only service where a "consumer" of s service is legally obligated for payment without having the dollar amount known in advance. This. So don't. Just go to doctors and facilities and ask how much in advance as a cash pay patient. They will be more then happy to do it. If ...
by staythecourse
Thu Apr 19, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 3870

Re: Another discussion about private vs public schools?

Glad to see another one of these threads ended with no consensus. Staring to feel like the international or not threads. :D

Good luck.
by staythecourse
Thu Apr 19, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

if you expect them to pay Y, shouldn't the patient know what Y will be BEFORE any service? I am really starting to think the issue here is LACK OF READING prior replies before replying randomly with the same trite response. Read any of my posts I give the patient ALL the info. they need to call the...
by staythecourse
Thu Apr 19, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 85
Views: 3856

Re: Factor in evaluating Physicians

I'm surprised I'm not on the list. Except I'm retired. However, several dead guys in my town are on there. Interesting when you get to the details. A company comes out with some new device. You go and have them show you how to use it. Then you get listed as "non-accredited training", and someone on...
by staythecourse
Thu Apr 19, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

Take a minute (and others out there who keep saying the same thing over and over). If you ran the business of doing lets say an MRI and go into contract with, for example, BCBS and LEGALLY have to bill every patient of theirs the same way. You do what is expected of you taking on FULL Risk of not b...
by staythecourse
Thu Apr 19, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

Because the system is broken, the final price is typically unknown until well after the procedure has been performed. At that point, patients negotiate. They'd probably negotiate (or at least comparison shop) at an earlier stage, except that no one will give them a price. Sure, patients sign agreem...
by staythecourse
Wed Apr 18, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house... does this make sense?
Replies: 24
Views: 2237

Re: Expensive house... does this make sense?

Would a bank even give a mortgage to someone where the payment would be ~50% of take home? Especially when it hasn't been setup/permitted for a tenant yet? To answer your question, no it doesn't make sense. Keep looking. Hope someone can chime in on this one. I thought the DTI (debt to income ratio...
by staythecourse
Wed Apr 18, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house... does this make sense?
Replies: 24
Views: 2237

Re: Expensive house... does this make sense?

Would a bank even give a mortgage to someone where the payment would be ~50% of take home? Especially when it hasn't been setup/permitted for a tenant yet? To answer your question, no it doesn't make sense. Keep looking. Hope someone can chime in on this one. I thought the DTI (debt to income ratio...
by staythecourse
Wed Apr 18, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to argue for S&P
Replies: 15
Views: 923

Re: How to argue for S&P

If a fund has outperformed over the last 10 years, there's probably a better than even chance that it will underperform over the next 10 years. Is there any logic behind this statement? Yes based on nearly every study ever done. Jensen's original study in the 1930's showed the best performers for t...
by staythecourse
Wed Apr 18, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

I don't like getting bills either, but if I sign off yes to x testing I feel legally and morally obligated to pay. Call me responsible. But rarely are patients given a price prior to being asked to sign off on a procedure, so the choice they face is to either agree to pay some unknown price or refu...
by staythecourse
Wed Apr 18, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 211
Views: 22025

Re: How old are you and how much do you save for retirement a year

You need to save enough to reach your goals and your only competition is with your goals, not me or my goals. Excellent advice. Comparing yourself to others can not help in ANYWAY. If you are saving more you may be overconfident as your expenses may be much higher then the other guy and if you are ...
by staythecourse
Wed Apr 18, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 101
Views: 9705

Re: Quitting job - what to do if getting walked to the door

Great thread. My advice, is do NOT tell anything to anybody UNTIL you have a contract signed by both parties. Also, review your current contract in regards to restrictive covenants. Otherwise, you will find out very quickly the term "Tortious Interference". That usually ends up in a letter to the ne...
by staythecourse
Wed Apr 18, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

Going back to earlier posts in the thread, this is why they shouldn't agree to a plan with a $5900 deductible if they cannot afford it. Maybe your deductible should be part of your emergency fund. Boy that would make too much sense. Heck, the OP KNEW he had a deductible not met and KNEW he would be...
by staythecourse
Wed Apr 18, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Suddenly I had a weird bill go to collections - what's my course of action?
Replies: 36
Views: 3140

Re: Suddenly I had a weird bill go to collections - what's my course of action?

Unfortunate since you went out of your insurance (which is illegal as well) they couldn't be available to send you an EOB. It's "illegal" not to use insurance? I think not. Please read other posts before spouting off. it is ILLEGAL for the provider to do it. I made that clear earlier. Good luck.
by staythecourse
Wed Apr 18, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

I tried for 7 years when I was an in-network doctor to get this information from the insurance companies. They would not budge. They only provide this info to institutional settings and hospital systems (not private offices) because they have to negotiate those fees with institutions. They do not n...
by staythecourse
Wed Apr 18, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Suddenly I had a weird bill go to collections - what's my course of action?
Replies: 36
Views: 3140

Re: Suddenly I had a weird bill go to collections - what's my course of action?

Unfortunate since you went out of your insurance (which is illegal as well) they couldn't be available to send you an EOB. I'm going to need you to cite a source on that, because everything I read says it's perfectly legal. Just like if you crash your car, you can get it fixed yourself rather than ...
by staythecourse
Wed Apr 18, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: John Bogle Attends Warren Buffett's Shareholder Meeting
Replies: 5
Views: 783

Re: John Bogle Attends Warren Buffett's Shareholder Meeting

That was a great story. Thanks for sharing. I always wondered if it has sunk in with Mr. Bogle HOW MUCH he has changed investing for the retail investor. His "Bogle folly" changed the course of personal investing FOREVER. Not many folks can say they did that much to any industry they worked in. Good...
by staythecourse
Wed Apr 18, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

From my reading of the narrative, the issue is the deductible not having been met - and not the specific charges. OK, so you (somehow) negotiate this down to, say, $1,000 - THEN (unless you are being dishonest) - only the $1,000 goes towards your deductible for the year. THEN, if you have another b...
by staythecourse
Wed Apr 18, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

Yes it was in network. The insurance covered around 20-30%. The final bill that I need to pay is $2800. It was in network (so you got the discounted rate) and it was medically necessary (otherwise the insurance company wouldn't pay their share). You received the service and your insurance did their...
by staythecourse
Wed Apr 18, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Suddenly I had a weird bill go to collections - what's my course of action?
Replies: 36
Views: 3140

Re: Suddenly I had a weird bill go to collections - what's my course of action?

My guess is your memory is a bit better then you are letting on. You gave false contact information and unfortunately found out why not to do that. Not sure why as I don't know ANY medical office in history that solicits randomly patients. It isn't like they are telemarketers. Unfortunate since you ...
by staythecourse
Wed Apr 18, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 8992

Re: Got hit with a $2800 Medical bill. Can I negotiate?

A lot of provider contracts with health insurers don't allow further discounting to people insured. Don't you get an insurance discount? Was it in network? You say a small portion was covered, yet you hadn't reached your deductible. We had to get a CT Scan last year. The bill was $2100 but the insu...
by staythecourse
Tue Apr 17, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 10777

Re: We crush stock indexes, Yale claims

Okay I am too lazy to read the link, but does it matter? I am sure they hail Mr. Swensen, but he himself CLEARLY states the individual investor should stick with indexes. He himself states the advantage of active is more in private equity, real estate, alternatives, etc... Even if the article is cor...
by staythecourse
Sun Apr 15, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 4983

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

While identifying winners ahead of time is difficult, in some categories there are definitely differences in exposures and strategies that you could select for. Some funds are as different (within a category) as something like balanced funds and EM bond funds. If you choose a stock index fund over ...
by staythecourse
Sat Apr 14, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 4983

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

Thanks Nisi for the work. I am not sure why we are surprised.... Unless one has a good way of finding the few winners out of the losers AHEAD of time there is no point of even considering all these different alternative approaches..... So that means you have to figure out which ones will outperform...
by staythecourse
Sat Apr 14, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: Meb Faber/Cambria/Trinity Funds
Replies: 44
Views: 2861

Re: Meb Faber/Cambria/Trinity Funds

I believe that Meb Faber is highly intelligent, very honest, very knowledgeable, and that his etfs are solidly built on existing backtesting research. The question is: does that reliably equate to improved returns for investors after costs going forward? Garland Whizzer Considering his greatest ent...
by staythecourse
Sat Apr 14, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 4983

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

Thanks Nisi for the work. I am not sure why we are surprised. Have the different alternative guys said they expect an investor do better with them then the sp500? I don't think so. I think their point is THEIR (meaning the fund they run) expertise adds value to a diversified portfolio especially whe...
by staythecourse
Sat Apr 14, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Post-Home Inspection Priority List
Replies: 4
Views: 381

Re: Post-Home Inspection Priority List

I am ASSUMING you are in the PROCESS of buying this house as your first post made it seem you owned the house already. To reiterate you do not own the house until you have the keys to the house (closing is complete). That being said the only things the owners will do is fix any code related or safet...
by staythecourse
Sat Apr 14, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 376
Views: 39932

Re: Name something you had to have and now you regret purchasing it?

For us it is easily the treadmill and elliptical when my wife and I bought our first townhouse after getting married. WIthin 1 month she did not want to do the elliptical becuase "it was too hard". We both used the treadmill off and on for several years sparingly. Then we had kids. From then on it w...
by staythecourse
Fri Apr 13, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: Fender bender in parking lot, he said she said. What's the effect on my going to be?
Replies: 17
Views: 1353

Re: Fender bender in parking lot, he said she said. What's the effect on my going to be?

Answers above are correct. It will be 50/50 blame. Just keep in mind if you have umbrella coverage it may have an impact on your eligibility for coverage. I lost mine when I got in the third claim over a 5 year period. One was a big accident from my wife (70/30) , one was me (100% my fault, and the ...
by staythecourse
Fri Apr 13, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable prescription drug
Replies: 42
Views: 3468

Re: Unaffordable prescription drug

If it is that expensive why not just GO to Canada for a week vacation and buy enough for 6 months. Wash and repeat x2. Just call ahead and find out what the cost would be just to make sure the numbers play out.

Good luck.
by staythecourse
Thu Apr 12, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?
Replies: 39
Views: 3850

Re: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?

Feel the thread is deviating a bit, but I would advice to find an urgent care/ immediate care that deals with injuries. They have a lot of experience with worker's comp/ PI (personal injury) cases. Another option is call orthopedic practices in your area and see who will take your case. Shouldn't be...
by staythecourse
Wed Apr 11, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: Help with shared child being spoiled
Replies: 46
Views: 3887

Re: Help with shared child being spoiled

It may be their grandchild, but your kid. Talk to the other parent and discuss the best plan. If that means telling the grandparents to lay off of buying gifts that is okay. It isn't like you are doing it to punish the grandparents, but to prevent your kids from being spoiled and not understanding t...
by staythecourse
Tue Apr 10, 2018 11:47 pm
Forum: Investing - Theory, News & General
Topic: "Don't Use the 200-Day Moving Average as a Sell Signal" - Ben Carlson
Replies: 35
Views: 2396

Re: "Don't Use the 200-Day Moving Average as a Sell Signal" - Ben Carlson

Just look at the data that's been published concerning the use of the 200 DMA. Looking at individuals' performance is not the same as testing the objective performance of the strategy. I admit I'm not an expert, but if it is such a common and easily executed strategy then why is there no mutual fun...
by staythecourse
Tue Apr 10, 2018 11:44 pm
Forum: Investing - Theory, News & General
Topic: The Slings and Arrows of Passive Fortune
Replies: 4
Views: 1179

Re: The Slings and Arrows of Passive Fortune

^ This is the best researched, most clearly argued 18 pages on the real facts about passive investing that I've seen. This write-up serves as a strong antidote to all the scare articles one sees in the financial press — and should be recommended in every future Forum thread about the "dangers" of p...
by staythecourse
Tue Apr 10, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: "Don't Use the 200-Day Moving Average as a Sell Signal" - Ben Carlson
Replies: 35
Views: 2396

Re: "Don't Use the 200-Day Moving Average as a Sell Signal" - Ben Carlson

I'll through out my usual question if using the 200 day MA is so useful then why is it the person who really made it famous Mebane Farmer's own mutual fund using it came and went bust and is no longer in operation? I always feel like I am the one missing some sentinel article or ground breaking rese...
by staythecourse
Tue Apr 10, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: How Often Do Stocks & Bonds Suffer Concurrent Losses?
Replies: 30
Views: 2417

Re: How Often Do Stocks & Bonds Suffer Concurrent Losses?

One issue I see is that the conclusions are being drawn on annual data - a lot can happen within a 1 year period. Quarterly data would be much more interesting. That is true, but how much should a long term investor care about quarterly correlations if likely even yearly correlations doesn't matter...
by staythecourse
Tue Apr 10, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 13849

Re: Parents have zero savings. What can I do?

Sorry did not read the other replies so am probably repeating, but outside of offering to look over their finances the best thing you can do is have candid discussion with YOUR SPOUSE. They are their parents and not yours so he/ she will be most emotionally torn WHEN (mind you I didn't say if) the t...
by staythecourse
Tue Apr 10, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: How Often Do Stocks & Bonds Suffer Concurrent Losses?
Replies: 30
Views: 2417

Re: How Often Do Stocks & Bonds Suffer Concurrent Losses?

Simplegift, great work as usual. I think the investor needs to first ask themselves the question, "Why do you need to protect against a stock market loss". It is a fair question. In this day and age it seems we are making every attempt (many purely academic) to insulate against down years in the mar...
by staythecourse
Mon Apr 09, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12381

Re: Ivy school education. Is it worth it?

I'm really wondering about this...I was a 4.3 GPA, 2350 SAT Asian kid that got shut out from all Ivys. It's not easy to get into. Did I overlook something? Yes you overlooked you are asian. I don't think it is untrue to say there is a reverse discrimination for asians (including indian subcontinent...
by staythecourse
Mon Apr 09, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12260

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

I am referring to the data set that Shiller's used in his research to develop the CAPE ratio, which went back to 1871. BTW, CAPE's .41 seems to have "impressed" quite a number of people, including a few who may even be as well-read as you. I am assuming you do realize that CAPE is the same as PE10?...
by staythecourse
Sun Apr 08, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12381

Re: Ivy school education. Is it worth it?

Great argumentative thread! :D Too busy to read all the responses, but probably the answer is always going to be in the middle. There is a website (i'm sure someone will link) that shows beginning salary and mid career salary of graduates from every college. So, if that is one's measure as in ROI th...
by staythecourse
Sun Apr 08, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12260

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

But how can anyone who does not buy the EMT hook line and sinker not believe that at a high enough P/E ratios, one should not “stay the course? Well maybe it is because there is NO DATA to support valuations in predicting future stock market returns? It seems those that do clamor for it never have ...
by staythecourse
Sun Apr 08, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12260

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

But how can anyone who does not buy the EMT hook line and sinker not believe that at a high enough P/E ratios, one should not “stay the course? Well maybe it is because there is NO DATA to support valuations in predicting future stock market returns? It seems those that do clamor for it never have ...
by staythecourse
Sat Apr 07, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 91
Views: 8098

Re: Effect of spending money on appearance in career

I just came away from a meeting in which I asked for a promotion and was told likely another six months. No there was nothing I could do extra - my clients love me, my manager loves me, I'm bringing in work, I am out performing. This is driving me crazy as every other person in my position was prom...
by staythecourse
Sat Apr 07, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Crazy??? [Excess W-4 withholding, got large tax refund]
Replies: 31
Views: 3482

Re: Am I Crazy???

Why is that crazy? Not efficient, but better then what 90% of Americans do IF you take that money and dump it into savings. Not efficient, but not crazy. Hey, that might be your mechanism of dealing with any possible behavioral finance mistakes.

Good luck.
by staythecourse
Sat Apr 07, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: What would an extra $2000 in cash flow mean for a large family?
Replies: 58
Views: 4015

Re: What would an extra $2000 in cash flow mean for a large family?

Don't need to have a huge family to figure out this one, but some common sense. What is the impact either way on your... commute? kids elementary/ high school/ college education costs? family support? flexibility for your job hours? impact on social activity opportunities for the kids? Impact on you...
by staythecourse
Sat Apr 07, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: how much would a new kitchen cost?
Replies: 21
Views: 1705

Re: how much would a new kitchen cost?

8k for a new kitchen? NO WAY. I designed our custom built home and sourced every major thing in the house and can tell you that number is not happening. Best thing to do is have a decent idea of what you want to do (especially the expensive stuff which is NOT the stuff you see, but moving electrical...
by staythecourse
Sat Apr 07, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12260

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

Even if Mr. Bogle is right (nice graphic above showing he is not) who cares? IF (a big IF) one has developed an appropriate asset allocation then who cares about short term volatility. The ONLY folks who this matters to are those who have NOT developed a sound asset allocation to their risk level. ...