Search found 4826 matches

by staythecourse
Wed Oct 18, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is a doctor's practice one of the safest and most profitable businesses?
Replies: 58
Views: 3237

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

Apologize for not reading other's comment in case I am repeat. I'm a solo doc running my own practice in a large metro city and find it pretty easy to make a profit. I think a lot of it has to do with keeping overhead low, am in a procedural field, and work fast. To answer the question more broadly ...
by staythecourse
Tue Oct 17, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 67
Views: 6356

Re: Vanguard expects "decent sized correction" soon

Wow I thought random folks predictions were useless. Mr. McNabb's prediction is as useless as anyone else. I've done great in investing sticking to the fact (yes fact) that NO ONE knows what is going to happen. That includes Vanguard, Mr. Bogle, my dog (which I don't have), and other supposed "gurus...
by staythecourse
Tue Oct 17, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Alternative to Vanguard PAS (dreadful service)
Replies: 16
Views: 1460

Re: Alternative to Vanguard PAS (dreadful service)

Why would you need PAS? I'd just go to an hourly fee based financial planner once or maybe once every few years to setup a plan for you then just implement and maintain it yourself. Agreed. What is the difficulty of managing the portfolio? Should be piece of cake. The OP looks to be willing to help...
by staythecourse
Tue Oct 17, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: Roofer stopped showing up - what are my options?
Replies: 18
Views: 2502

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

Feel for you as you are in a rock and a hard place. If it was me I would send the letter via an attorney. Don't think adding "time is of the essence" is of any use now after the fact. There was never a meeting of the minds about this so it does not have to be accepted by the tradesman as a change to...
by staythecourse
Tue Oct 17, 2017 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Joining Federal Service - A No-Brainer?
Replies: 20
Views: 2329

Re: Joining Federal Service - A No-Brainer?

Not enough information to make a decision. Answers I want are: How old is she now? Does she like working for the military? What is the specifics of the job she would be taking at the government? Does she have any interest in said job? She must know a TON of folks who are working in the fed. governme...
by staythecourse
Mon Oct 16, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: contributing to friend's non-profit?
Replies: 36
Views: 1793

Re: contributing to friend's non-profit?

If you want to give money because of friendship go ahead. If you want to give due to the charity then I would not give a dollar without doing some research. I would look at giving only to those that you can verify where the money goes. How much money goes to the "programs" vs. "admin costs"? For exa...
by staythecourse
Mon Oct 16, 2017 8:55 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3726

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

Will I lose clients, or get bad review or just generally $&*(#@ people off if I don't accept/make calls during a time when a substantial number of people conduct business (i.e. while driving)? :confused NS Probably, but WHO CARES. As I tell every one of my patients a patient doctor relationship is ...
by staythecourse
Sun Oct 15, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: college application section - ec,volunteer,work activities
Replies: 10
Views: 701

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

It's important to keep in mind that if your child is gunning for top schools, admissions staff would much rather see depth than breadth. College admissions officers care more about being the best tennis player in your state (for example) than playing four different sports in high school. Similarly,...
by staythecourse
Sun Oct 15, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5362

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

If your talking starting as a blue collar worker then I think the usual bogleheads advice will not be sufficient to make it FI. I would advice those who are blue collar either 2 routes. Route 1. Leave the blue collar job and go get a government job with a pension. There are plenty of those with ver...
by staythecourse
Sat Oct 14, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5362

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

If your talking starting as a blue collar worker then I think the usual bogleheads advice will not be sufficient to make it FI. I would advice those who are blue collar either 2 routes. Route 1. Leave the blue collar job and go get a government job with a pension. There are plenty of those with very...
by staythecourse
Fri Oct 13, 2017 5:29 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 160
Views: 13694

Re: What's your asset allocation and why?

I don't need the money in the short term... There is a saying which I am sure you are familiar with which goes (paraphrasing), "The worst is not knowing, but not knowing what you don't know". At 23 there is NO WAY to know when you may need money in the "short term". I'm 41 married with 2 kids and b...
by staythecourse
Fri Oct 13, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: My EJ portfolio vs my Vanguard, side by side
Replies: 27
Views: 3097

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

First off, take a step back and forget about the funds. Just breakdown each portfolio (EJ vs. Vanguard) by asset class and its % weight in the portfolio. There is NO point comparing the two unless they are apples to apples comparison. You may end up just proving that asset allocation does determine ...
by staythecourse
Fri Oct 13, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: How does the medical billing system work?
Replies: 31
Views: 1822

Re: How does the medical billing system work?

I don't understand the wide disparity between the 'MSRP' and the contracted cost. In many cases there is a very large percentage difference, and in some cases, such as surgeries, there could be a ten-fold difference in cost. My guess the answer to this question has to do with dreaded "Balanced bill...
by staythecourse
Wed Oct 11, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: Pro and cons of the Prime offer by Amazon.......
Replies: 39
Views: 3648

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

All I can say is with 2 parents working full time with 2 kids (one preschool and one KG) it has been a lifesaver. We just figure out during the day what we need for the kids or the house and then order it in 2 minutes that evening. Simple as can be. Have not been to a regular department store for an...
by staythecourse
Tue Oct 10, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5536

Re: Anesthesiologist Advise [how to save money]

Folks telling someone earning $25K/mo. to live frugally, drive a beater car, and move to a cheaper place in SF? I thought I've seen it all. This gentleman/lady has obviously demonstrated their ability to earn a high income, and worked hard for it. Now they are expected to scrounge and save? Do you ...
by staythecourse
Tue Oct 10, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3885

Re: Protecting against the possibility of a correction?

Is anyone doing anything to protect against the possibility of a correction, apart, of course, from the standard Bogleheads stay the course, rebalance, etc? No. I do the boring old "don't invest money you need anytime soon in stocks, static asset allocation I can tolerate in a market downturn rebal...
by staythecourse
Tue Oct 10, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5536

Re: Anesthesiologist Advise [how to save money]

First thing to do is some reading and meeting with an accountant. Reading about the basics of investing. Even if it is boglehead wiki page. Start with the foundation, i.e. lowering/ eliminating debt (not an issue with you), LBYM, figuring out your budget (to the closest $100), saving for EF (6 month...
by staythecourse
Tue Oct 10, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Made a career mistake- advice/next steps
Replies: 35
Views: 5574

Re: Made a career mistake- advice/next steps

One thing I saw nowhere was an honest conversation with your management. As a manager, if I hired someone and that person believes they were mis-led and are unhappy I would like to know about it now rather than in an exit interview. Have an honest conversation with your management, you might be sur...
by staythecourse
Sun Oct 08, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Roof shingles do not match - Neighbor sent notice
Replies: 44
Views: 5702

Re: Roof shingles do not match - Neighbor sent notice

Nasty attorneys can cause a lot of trouble because they know it takes time and money to contest them even if the law isn't on their side. My experience with lawyers are they are not good if they are NOT nasty. The real issue with lawyers are they doing what is right by their clients or just trying ...
by staythecourse
Sun Oct 08, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7436

Re: Do you want your receipt?

For example, product X and product Y is purchased on 10/7/2017 for $100. On the statement sometimes they are recorded as a charge for $25 and $75 instead of a total of $100. That is a pain to reconcile and requires going back to the "order" page and doing some random math. Anyone have an answer for...
by staythecourse
Sat Oct 07, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7436

Re: Do you want your receipt?

I always demand a receipt and check them against the monthly statement. How else can you check for fraud accurately? Exactly! I'm shocked anyone would say no. I guess they just pay whatever the cc statement says or the minimum. No. I know the places I normally shop. Perhaps people who spend a lot c...
by staythecourse
Sat Oct 07, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Roof shingles do not match - Neighbor sent notice
Replies: 44
Views: 5702

Re: Roof shingles do not match - Neighbor sent notice

I would ignore the letter and the neighbor. +1 You have already wasted more time on this than it deserves. Normally, my answer would be this, but not when dealing with a neighbor of ANY sort especially in a duplex situation. Your lives will ultimately tangle and it behooves BOTH of you to get along...
by staythecourse
Sat Oct 07, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 10021

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

I am sorry to hear that. I think you should be ok with your assets. I would be nervous having about 40% of net worth in two houses though. I live in CA. Housing keeps going up. My rental just increased rent by 400 a month. Should I be concerned? Are you interested in only living in CA? If I was in ...
by staythecourse
Sat Oct 07, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Length of bull market become more risky?
Replies: 15
Views: 1534

Re: Length of bull market become more risky?

Do my investment in a prolonged bull market become more risky at higher valuations? Before even asking that question shouldn't we still answer the more simpler one of, "Does valuations predict future stock returns?". Folks on here (more recently) seem to assume the dogma it does, but I still have n...
by staythecourse
Sat Oct 07, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 103
Views: 17887

Re:

auntie - Same situation. I "hired" a social worker who runs an eldercare management firm to be my healthcare power of attorney a few years ago. The firm is named in my will. Also, if I'm not dead but just somewhat incapacitated hopefully I will be able to gasp out the firm's name or show their busi...
by staythecourse
Sat Oct 07, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 103
Views: 17887

Re: Growing old without kids or younger caring relatives

Excellent topic for conversation. I have 2 kids so not worried as at least one will like us enough to help out. The issue is my wife and my siblings. We have 3 total and all 3 are single and older then us. Only one is that close with our kids. So don't think I will expect our kids to help at all tak...
by staythecourse
Fri Oct 06, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: Refund from Home Closing - 13+ years later (!?)
Replies: 12
Views: 1630

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

Strange indeed. Would love to hear from some RE attorneys their POV. I would call the RE attorney and just ask about 1. Why now and 2. The date was dated x years ago and is visible so what is the explanation. If it is not a decent explanation then I would call the state bar association and file a co...
by staythecourse
Fri Oct 06, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 15227

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

I think it's worth understanding the scenarios whereby you end up at 3% for a decade. For example, if you average an 8% return for 9 of those years and have one year where the market is down by 1/3, you end up with a 3% CAGR. That's not really a depressing combination of events--that's more like wh...
by staythecourse
Fri Oct 06, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 39
Views: 2171

Re: Sell or keep shares of a private company?

Boy, I would love to hear some expert opinions on this one. If I was single, no mortgage, no dependents, and already had 600k (indicating I was FAR more responsible then most my age) I would hold onto the shares. Best case scenario it would be worth MULTI- MILLIONS enough to retire early, i.e. life ...
by staythecourse
Fri Oct 06, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4139

Re: measurement of success of investment(s)

Yes I agree sp500 is GREAT proxy of the US equity market return as a whole Aha, then we are in complete agreement. I am assuming that was tongue in cheek. Either way I am not trying to change your mind. If you think SP500 is a suitable benchmark for all investors despite their actual asset allocati...
by staythecourse
Fri Oct 06, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4139

Re: measurement of success of investment(s)

If you are comparing yourself to an arbitrary benchmark then you are in essence INDUCING frame of reference risk. There are qualitative reasons the 500 is the market portfolio. Pragmatically it is accepted nationally as such. As the 500 goes so goes the market... Internally VG can use whatever it w...
by staythecourse
Fri Oct 06, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 3973

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

I think it is often extraordinarily difficult to get neophyte investors to believe they can handle their own investments and to understand the impact of high fees. Agreed 100%. Interesting it is just not neophyte investors. I'm a physician and tried to convince my old partners to change a 401k to a...
by staythecourse
Fri Oct 06, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3315

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

Thanks for update. Just make sure that the collection agency did not already report it to credit bureaus. If they did they need to notify all the 3 agencies. This may take another 30+ days to get corrected on the bureau end and thus reflect correct scores. For example, I realized after applying for ...
by staythecourse
Fri Oct 06, 2017 3:46 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4139

Re: measurement of success of investment(s)

Hi, How do you measure success of a certain stock, etf, etc. I pretty much go by the S&P500 (i.e. basically if I beat SPY or VOO). just wondering is this still standard. Thanks! Great question, but unless you are 100% Large cap U.S. terrible answer. For a passive investor success ii is measured by ...
by staythecourse
Fri Oct 06, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: VIPSX
Replies: 5
Views: 407

Re: VIPSX

There is also an abiding opinion that inflation is no longer a risk, but I think that is short sighted. Agreed. I would bet economic cycles occur when least expected or predicted. To the OP, the best hedge for inflation over the long term (20+ years) is just having more in equities. Over time the c...
by staythecourse
Fri Oct 06, 2017 10:17 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Evidence Of Shrinking Alpha
Replies: 5
Views: 1028

Re: Larry Swedroe: Evidence Of Shrinking Alpha

I have commented on this numerous times. It does not matter for the retail investor if we have efficient markets. They only thing they should care about is can one consistently exploit inefficiencies to produce alpha over at least a 1/2 of an investing lifetime (25 years) after accounting for fees, ...
by staythecourse
Fri Oct 06, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3315

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

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

Good luck.
by staythecourse
Thu Oct 05, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: Barcelona Hotel Recommendations
Replies: 30
Views: 2197

Re: Barcelona Hotel Recommendations

Wife and I stayed in a great hotel, something like Hotel Catedral or close to it. Sent another couple there and they liked it as well. It is about 2 streets from Placa Catalunya (?spelling). So right there near all the action. At the time (5 years ago) there was a great, little Vietnamese restaurant...
by staythecourse
Thu Oct 05, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 2855

Re: That blank stare... ?

I can echo the same complaint. My wife only cares if there is enough in the account to buy whatever she wants at that time. However, after knowing her more and more during our marriage she is a procrastinator so am not surprised her interest in retirement (20+ years away) is not on her radar. Howeve...
by staythecourse
Wed Oct 04, 2017 7:37 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 169
Views: 9154

Re: Buy on Really Bad Days, Sell on Really Good Days?

I saw that today was going to end higher, so about 1/2 hour before the close I submitted trades to exchange small amounts of stock funds into bond funds. Another round of the mild rebalancing I have been executing since July 2013. If the markets are up tomorrow, I might do some more in another acco...
by staythecourse
Wed Oct 04, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: On the video games path - how to set it up with younger kids
Replies: 36
Views: 2016

Re: On the video games path - how to set it up with younger kids

I'm one on the no video games in the house. Your kids may be in sports now as they have no other options, but how sure are you they will not try to start cutting out other aspects of their life in hopes of getting into more video games. Or start cutting corners with studies. Every parent thinks thei...
by staythecourse
Tue Oct 03, 2017 6:33 pm
Forum: Investing - Theory, News & General
Topic: Investor willing to make second bet with Buffett
Replies: 6
Views: 965

Re: Investor willing to make second bet with Buffett

Do you think he even cares about winning the bet? I don't. I think he saw a golden opportunity to get some airtime and free publicity. This leads to influx of new money which means are larger portion in his back pocket. As I said on the last thread about this topic even if the hedge fund manager los...
by staythecourse
Tue Oct 03, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Deflation Hedge: I Can't Convince Myself to Do It
Replies: 8
Views: 860

Re: Deflation Hedge: I Can't Convince Myself to Do It

First, do not look for assets that are good deflation hedges. What you want to do is ask yourself the following questions. What is the chance of deflation? If deflation occurs what will be the impact on my portfolio. While you are on this you might as well as ask the same questions about deflation'...
by staythecourse
Tue Oct 03, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Chickened out... Now unsure where to start.
Replies: 33
Views: 3685

Re: Chickened out... Now unsure where to start.

Apologize if I am repeating, but why did you bail out in the first place? Did you need the money for x reason or did you just think the market was due an correction? I am more of a systems issue type of person so think there is NO POINT to continue anything until we (meaning you) understand WHY AND ...
by staythecourse
Tue Oct 03, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 169
Views: 9154

Re: Buy on Really Bad Days, Sell on Really Good Days?

I am not sure why it seems to be SO HARD for folks to understand... YOU CAN NOT TIME THE MARKET!!... Buy low, sell high. That's all there is to it... I hope you are kidding otherwise you have some reading to do. How do you know when it is "low"? Or how about "high"? The only way I know when it is "...
by staythecourse
Tue Oct 03, 2017 1:28 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 169
Views: 9154

Re: Buy on Really Bad Days, Sell on Really Good Days?

So don't you think it would be arrogant to think someone on bogleheads or anywhere else could just go, "Hey I wonder if this simple plan will generate some alpha?" as if no one before them has already thought of it. [...] p.s. There has been numerous studies showing rebalancing too frequent produce...
by staythecourse
Tue Oct 03, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 169
Views: 9154

Re: Buy on Really Bad Days, Sell on Really Good Days?

I am not sure why it seems to be SO HARD for folks to understand... YOU CAN NOT TIME THE MARKET!! Every possible buying and selling technique has been done a ZILLION times with high end computers on Wall Street with Harvard, MIT, Princeton, Yale, etc... double masters degree geeks for at least 10 ye...
by staythecourse
Mon Oct 02, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8355

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

I would not say curiosity, but being thorough. When I teach residents I tell them the same thing it does not matter how smart or well read they are in their field. The BEST doctors are thorough. If a medical office is not thorough in processing insurance information is that a reflection on the phys...
by staythecourse
Mon Oct 02, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8355

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

I would not say curiosity, but being thorough. When I teach residents I tell them the same thing it does not matter how smart or well read they are in their field. The BEST doctors are thorough. If a medical office is not thorough in processing insurance information is that a reflection on the phys...
by staythecourse
Mon Oct 02, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7370

Re: What will happen if I refuse to pay a medical bill?

In the end, it ALL depends if the office stated "Yes we are in network" or "Yes we accept your insurance". That difference is obviously a big one. Sorry, I've read through most of this thread and I'm honestly not sure which question I'm supposed to ask. In the past, I've checked the insurance compa...