Search found 5160 matches

by staythecourse
Sat Jan 20, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 89
Views: 6537

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

You are kidding right? Off the top of my had I believe the U.S. markets were moving up and down 4-8% per DAY when U.S. debt was downgraded. There were a few other times as well. In the end, you have to ask would you be asking this question if the market went up 4%? Probably not. Return (positive ret...
by staythecourse
Sat Jan 20, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 83
Views: 17802

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

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

Good luck.
by staythecourse
Sat Jan 20, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: What "efficient market" does and doesn't mean
Replies: 16
Views: 520

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

EMH is more strictly about informational efficiency. This is how I perceive EMH. It is matter of ALL the available info. of stock x is already know and incorporated into the current share price so the ONLY way to make more money is to either have info. no one has (insider information which is why i...
by staythecourse
Sat Jan 20, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 57
Views: 2679

Re: Lost money through Bitconnect scam - learned my lesson

As I have said before I WISH there was a better, i.e. active way to make more money in investing I really do, but after much time reading and looking at other options I just don't see it. I have found the best active way to make more money investing is to invest in yourself. Correct. That is why my...
by staythecourse
Sat Jan 20, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 57
Views: 2679

Re: Lost money through Bitconnect scam - learned my lesson

[Maybe you'll feel better thinking of all those who "invested" with Bernie Madpoff. For those sports fans out there this reminds of the Bonilla- Wilpon situation a classic real life lesson of the turtle- hare. For those who don't know the story... Bobby Bonilla was a pretty good baseball player in ...
by staythecourse
Sat Jan 20, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 57
Views: 2679

Re: Lost money through Bitconnect scam - learned my lesson

Thanks for coming and telling this story. Your thread on your quest it to $1 million with no mortgage is inspiring. This is equally educational for many readers. In the end the old adage of there is no shortcut to wealth is true (unless your born into it or inherit it). Just be glad you didn't drop ...
by staythecourse
Sat Jan 20, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 114
Views: 8790

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

CAPE critic: no valuation metric can predict next year's return or the year after CAPE curious: nobody having looked at corresponding numbers would make such a claim CAPE critic: market timing is bad, bad, bad CAPE curious: yup, making decisions based on guessing short-term returns is indeed a bad ...
by staythecourse
Sat Jan 20, 2018 9:11 am
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4400

Re: 10 years expenses in FI

People should quantitatively evaluate whether or not there is actually a financial benefit to all this "engineering" before they decide to take comfort in it. Sleep factor is an over-rated, even meaningless, criterion for devising a retirement plan. There are much better routes to mental health tha...
by staythecourse
Sat Jan 20, 2018 8:53 am
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 346
Views: 54964

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

Mine is it reinforced Mr. Bogle excellent advice (paraphrasing) "When everybody is doing something just stand there and do nothing." Honestly, this advice works A LOT in life. It is human behavior to always want to do something when the unexpected happens, but most times doing nothing is the best op...
by staythecourse
Fri Jan 19, 2018 9:34 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads reconcile efficient markets theory with Bitcoin?
Replies: 45
Views: 1971

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

Couple of things... One isn't bitcoin speculative? That means the price is determined by supply and demand with no inherent value in the asset itself. So no way to make a conclusion on its fair price, i.e. efficient pricing. Second, hasn't it been shown there are a few folks who own something like ...
by staythecourse
Fri Jan 19, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 114
Views: 8790

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

Certainly one can do this and say, go from 75/25 to 60/40 without being labeled a market timer. Do as you want, but making a choice on your asset allocation based on valuations IS market timing. Okay to do, but keep your eyes wide open and don't lie to yourself when doing it. If you believe in it d...
by staythecourse
Fri Jan 19, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads reconcile efficient markets theory with Bitcoin?
Replies: 45
Views: 1971

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

Couple of things... One isn't bitcoin speculative? That means the price is determined by supply and demand with no inherent value in the asset itself. So no way to make a conclusion on its fair price, i.e. efficient pricing. Second, hasn't it been shown there are a few folks who own something like 4...
by staythecourse
Fri Jan 19, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Contacting store after urgent care visit?
Replies: 18
Views: 1616

Re: Contacting store after urgent care visit?

Your insurance won't care who is at fault. That is a litigation issue. You are the beneficiaries of the medical insurance and are responsible for the charges. Simple as that. I would have the daughter take picks of the bench BEFORE reporting it, but is a slim to no chance they do anything. Look at i...
by staythecourse
Fri Jan 19, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3923

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

I am absolutely not minimizing any of it. Perhaps it's because it was the holidays and they were short on staff, but I'm telling you the PA walked into the room, went over my symptoms, felt my back and said "that could be your kidney, you need to go to the ER because we don't have the imaging equip...
by staythecourse
Fri Jan 19, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3923

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

Thanks, I have found a decent Urgent Care place. My gripe is that hospitals can charge exhorbitant fees at will with no recourse. That is crazy. Any other place that would end quickly. The messed up part is I went to the urgent care first(the are affiliated with the same hospital) and the P.A. who ...
by staythecourse
Fri Jan 19, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 114
Views: 8790

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

For instance, when CAPE was over 20, the forward ten year returns have been anywhere from about -1.5% to +12%, which is a range too big to probably do a lot with, but it does seem to make one question whether 10% or higher returns are reasonable with a CAPE starting at around 30. Vanguard data show...
by staythecourse
Fri Jan 19, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3923

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

My gripe is that hospitals can charge exhorbitant fees at will with no recourse. That is crazy. Any other place that would end quickly. You would be shocked about the difference in fees. I do a common procedure for my specialty that pays around $240 (medicare) if done in an office. Same procedure w...
by staythecourse
Fri Jan 19, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3923

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

Just a guess - but I suspect that some significant portion of folks that go to ERs and have such high bills would not die or suffer permanent damage if they "just said no" Hopefully, WCI can chime in, but my guess is MOST er visits are not emergencies. So I would think most of this work up done in ...
by staythecourse
Fri Jan 19, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3923

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

Anything elective or optional I always get EOB upfront. When there is a true emergency and it is a spouse or a kid, cost is the last thing on the mind, and the providers abuse this, although not intentionally at the service level. Good for you. The next aspect is making sure it is a REAL emergency ...
by staythecourse
Fri Jan 19, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 114
Views: 8790

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

So my point was neither PE1 nor PE10 was predictive AND there wasn't much difference between using PE1 vs. PE10 (a surprise to many folks). In all of the ten year periods from 1900-2012, there were 42 where annual returns were 10% or higher. In 93% of those periods, the starting CAPE was below 20. ...
by staythecourse
Fri Jan 19, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 114
Views: 8790

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

it is beyond me how a board dedicated to an investing strategy that eschews valuing individual companies due to the theoretical and empirical difficulties inherent to that approach would then be so enamored with an over-simplified and fundamentally flawed 'valuation metric,' such as CAPE. just igno...
by staythecourse
Fri Jan 19, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: Nobody Knows Nothing - A Chart
Replies: 23
Views: 3340

Re: Nobody Knows Nothing - A Chart

The question is NOT can anyone predict the markets. We have enough data, history, studies, etc... to show that is not true for the last 20-30 years. The problem is we already know and have known this yet everybody seems to still quote person x or person y predicting something and everyone still fall...
by staythecourse
Fri Jan 19, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3923

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

You need to deal with the insurance company. Interestingly, I had sort of a similar experience, but in-network. I had an accident, where I also had a CT scan, and X-rays. My first communication regarding the bill was from a lawyer two weeks later. They were hired by the hospital asking who caused t...
by staythecourse
Fri Jan 19, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 3923

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

If nothing else, call the hospital and ask if they can reduce the bill. My wife did this after I had a very big procedure. They said pay it in 30 days and we take off 20%. I would say this is your best option. The other thing is to ask for a more detailed breakdown of each subgroup. Saying x for ph...
by staythecourse
Fri Jan 19, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4400

Re: 10 years expenses in FI

...As I have mentioned on my post what I would do is if at the end of each year any excess return from your stock allocation is sold to replenish the 10 year cash bucket. If stocks are down for the year then you do nothing. Then next year same thing. It is assuming that stocks over 10 years will ev...
by staythecourse
Fri Jan 19, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4400

Re: 10 years expenses in FI

...As I have mentioned on my post what I would do is if at the end of each year any excess return from your stock allocation is sold to replenish the 10 year cash bucket. If stocks are down for the year then you do nothing. Then next year same thing. It is assuming that stocks over 10 years will ev...
by staythecourse
Fri Jan 19, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4400

Re: 10 years expenses in FI

One thing to think through if you try to follow an "10 years expenses" plan is what happens next year when you are down to 9 years expenses? If you just rebalance to get back to ten years expenses then how is that different than if you just kept something like a 60/40 (or whatever) asset allocation...
by staythecourse
Thu Jan 18, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 4887

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: 4887

Re: To the doctors on the forum

Here's the conversation I had with my son's pediatrician at his last visit for a medication check (10 minutes sitting with her discussing how the medication is working and whether she wants to make any changes). Me: These visits are very expensive. Dr.: How much are they? I don't handle the billing...
by staythecourse
Thu Jan 18, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 6861

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

...No one was slamming Rick Ferri or Bill Bernstein for offering investment information and advice, as a business as well as on the forum... It's a tricky area, but as a matter of fact these posters were fairly punctilious about not identifying their businesses in their posts. Rick Ferri actually c...
by staythecourse
Thu Jan 18, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4400

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: 4887

Re: To the doctors on the forum

Here's the conversation I had with my son's pediatrician at his last visit for a medication check (10 minutes sitting with her discussing how the medication is working and whether she wants to make any changes). Me: These visits are very expensive. Dr.: How much are they? I don't handle the billing...
by staythecourse
Thu Jan 18, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 6861

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: 4887

Re: To the doctors on the forum

Here's the conversation I had with my son's pediatrician at his last visit for a medication check (10 minutes sitting with her discussing how the medication is working and whether she wants to make any changes). Me: These visits are very expensive. Dr.: How much are they? I don't handle the billing...
by staythecourse
Thu Jan 18, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 6861

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: 4639

Re: Vanguard Advisor Bullied Me

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

Thanks in advance.

Good luck.
by staythecourse
Thu Jan 18, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4400

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: 4887

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: 4887

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: 4887

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: 55
Views: 3377

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: 2044

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: 157
Views: 13324

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: 795

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: 1598

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: 10218

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: 2436

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: 3184

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: 7741

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: 3184

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...