Search found 4433 matches

by staythecourse
Sat Jun 24, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 9
Views: 772

Re: Can we/should we afford a $2M house?

We make less then you two and live in a house a bit cheaper then what you are looking for then with NO problems. I don't even notice the change in house expenditures. You can afford it ESPECIALLY If you are going to use the public, i.e. free school system. The only worry is will this a factor that n...
by staythecourse
Fri Jun 23, 2017 2:27 pm
Forum: Personal Consumer Issues
Topic: Aggressive Mortgage Paydown
Replies: 50
Views: 8065

Re: Aggressive Mortgage Paydown

I realize that I could potentially earn more of a return by investing the extra payments in my taxable account, but I really relish the opportunity of owning the home outright. I think I'm on the right track, and I understand that this is a personal decision, but I'm looking for some guidance from ...
by staythecourse
Fri Jun 23, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: [NY Times: Index fund evangelist is straying From His Gospel]
Replies: 31
Views: 2693

Re: Malkiel is reversing some of his views on passive investing

I would also appreciate that the comments be constructive, meaning please do not discount Malkiel as just another misled adviser. Why we not call into question his ethics. If a someone selling you snake oil profits from you would question that wouldn't you? I think it is VERY reasonable to question...
by staythecourse
Tue Jun 20, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: What do BH think of this formula for an early retiree?
Replies: 24
Views: 2463

Re: What do BH think of this formula for an early retiree?

All I can guarantee is that ANY formula will not be precise. Think of how many math folks have attempted this through history and NO ONE has a fool proof one yet. Just pick on that sounds good enough and learn to adapt as you go. It isn't like you have a formula to get from birth to this point in in...
by staythecourse
Tue Jun 20, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy an $800k house?
Replies: 86
Views: 5258

Re: Should I buy an $800k house?

If you are planning to have children, will both you and your spouse continue working full time? If not, is the house still affordable on one salary? The plan is for both to continue working. (Our salaries are almost evenly divided.) Seattler123, Seriously, why would you want to buy an 800K house an...
by staythecourse
Mon Jun 19, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Church windfall - conservative investment options?
Replies: 22
Views: 1444

Re: Church windfall - conservative investment options?

> Much larger organizations (i.e. major universities), in possession of substantial endowments, tend NOT to be especially conservative. Yeah, and some of them have gotten seriously burned. I am unqualified to have opinions about churches, but my HOA invests in CDs. And even though my own assets are...
by staythecourse
Mon Jun 19, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Church windfall - conservative investment options?
Replies: 22
Views: 1444

Re: Church windfall - conservative investment options?

> Much larger organizations (i.e. major universities), in possession of substantial endowments, tend NOT to be especially conservative. Yeah, and some of them have gotten seriously burned. I am unqualified to have opinions about churches, but my HOA invests in CDs. And even though my own assets are...
by staythecourse
Mon Jun 19, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: A slice and dice question
Replies: 9
Views: 954

Re: A slice and dice question

If your spouse is not knowledgable enough or has no wish to manage the portfolio as is, then that would be a compelling reason to simplify. It also may be that your interest in and ability to manage your portfolio will decline as you age. We have more funds than I'd like right now because of the ne...
by staythecourse
Mon Jun 19, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Need to find Loaded Index Funds
Replies: 64
Views: 3420

Re: Need to find Loaded Index Funds

IMO, that's absurd. My recommendation would be to look for a new job where your and your clients' interests are on the same side of the table. Agree. If you KNOW your employer is not looking out for your best interest then why stay. Life is too short and retirement planning is not trivial. Good luck.
by staythecourse
Mon Jun 19, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: Choosing between two siding contractors
Replies: 8
Views: 615

Re: Choosing between two siding contractors

I would say get one more quote to see if the 16k is high or 11k is too low. Make sure the comps. are truly apples to apples. If nothing stands out then go with no.1. Extra 5k doesn't matter when you are talking about siding which is a lifetime decision. My approach to decision making is if there are...
by staythecourse
Sat Jun 17, 2017 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 15872

Re: Siblings in disagreement over mom's house.

Not sure if I missed this, but why hasn't anyone talked to lawyers instead of asking on this board? The legal options will all be determined by how the property is titled, i.e. Joint tenants in common with survivorship rights or not.

Good luck.
by staythecourse
Tue Jun 13, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11808

Re: Who takes financial chances and why is this forum so financially conservative?

I do agree with you the board is a little nuts about the "numbers" needed. For a rational bunch of folks they think it is somehow rational to try to eliminate ALL risks. No offense to many great posters on this board, but I see certain personality traits consistent by occupation. For engin...
by staythecourse
Mon Jun 12, 2017 10:16 am
Forum: Personal Consumer Issues
Topic: Have you canceled cable?
Replies: 91
Views: 5388

Re: Have you canceled cable?

Cancelled cable 5-6 years ago and love it. Not sure if I actually love the savings or more the fact I don't feel like they tied me down and am constantly at their mercy of what they want to charge. I hated the feeling that they "owned" me in some fashion. Some combination of: Netflix, hulu...
by staythecourse
Mon Jun 12, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Advance career or take more time off in late 30s?
Replies: 15
Views: 1761

Re: Advance career or take more time off in late 30s?

MANY more questions that need to be answered that has NOTHING to do with X and O's, like: 1. Where are you with savings? 2. Do you want another kid? 3. How far away is this new job from family and friends? 4. What do you want to do in 10 years professionally and personally? 5. Is selling a house in ...
by staythecourse
Sun Jun 11, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 7814

Re: College admissions question - she got a "C"

TomatoTomahto wrote:I believe that OP's daughter is intending to apply to college in the US, so perhaps we could restrict ourselves to that scope.


You are correct. Apologize to the OP from stealing the thread.

Good luck.
by staythecourse
Sun Jun 11, 2017 8:09 pm
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 7814

Re: College admissions question - she got a "C"

[...]That is the a VERY U.S. centric point of view. You have been brainwashed for so long you don't realize it. There are MANY countries (including the largest population in the world, i.e. India) that has no college.[...] Good luck. Huh?!! Where did THAT come from? What do you mean when you say In...
by staythecourse
Sun Jun 11, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 7814

Re: College admissions question - she got a "C"

... That is the a VERY U.S. centric point of view. You have been brainwashed for so long you don't realize it. There are MANY countries (including the largest population in the world, i.e. India) that has no college. ... Your assertion is false on its face . PJW Umm no not false. Maybe you should d...
by staythecourse
Sun Jun 11, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 7814

Re: College admissions question - she got a "C"

I graduated in 1991, college in 1995. So maybe my views are outdated. My oldest starts 7th grade this fall. Anyway, I think this board is filled with the sort of successful people we'd like our kids to emulate for the most part, right? I graduated high school with an equal mix of As, B's, and Cs. I...
by staythecourse
Sat Jun 10, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 3162

Re: Suit for [medical] residency interviews

And you will use the suit for other adult activities like funerals and weddings. I have had only one suit my entire adult life. This only means 2 things; 1. Your job does not require any need for suits, i.e. meetings, presentations, etc.. This approach is not doable if one has a management level po...
by staythecourse
Sat Jun 10, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 7814

Re: College admissions question - she got a "C"

What is the purpose of college? It is really to get a good job that makes money so you can support yourself and your future family. That simple. It makes me sad that people think this is the purpose of college (that the purpose of college is not different ultimately than that of a vocational school...
by staythecourse
Sat Jun 10, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 7814

Re: College admissions question - she got a "C"

What is the purpose of college? It is really to get a good job that makes money so you can support yourself and your future family. That simple. It makes me sad that people think this is the purpose of college (that the purpose of college is not different ultimately than that of a vocational school...
by staythecourse
Sat Jun 10, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 7814

Re: College admissions question - she got a "C"

My kids are nowhere near college so may see things different at that time so take this with a grain of salt. Let's look at this from a different point of view. What is the purpose of college? It is really to get a good job that makes money so you can support yourself and your future family. That sim...
by staythecourse
Fri Jun 09, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: Why does S&P PE ratio matter
Replies: 30
Views: 1470

Re: Why does S&P PE ratio matter

Apologize if this has been mentioned already as I have not read the comments. I agree with the OP. I see no value in this metric. Vanguard's own paper showed PE1 and PE10 had poor correlation to predicting stock movements (Something like 0.37 and 0.41). It did show high R2 at the two extremes, i.e. ...
by staythecourse
Fri Jun 09, 2017 1:50 pm
Forum: Personal Consumer Issues
Topic: New Construction Buying Advice
Replies: 24
Views: 1582

Re: New Construction Buying Advice

The single most important thing is the reputation of the builder. You can, and should. write everything you want in the contract AND visit every day AND ask a bunch of questions AND have everything documented, but in the end you are not a builder, you are not an expert, and you may not know if somet...
by staythecourse
Thu Jun 08, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Chicagoan, 98, donates Walgreen stock bought decades ago.
Replies: 20
Views: 2942

Re: Chicagoan, 98, donates Walgreen stock bought decades ago.

Okay I think I have my new man crush. That is such an awesome story. It would seem he is a truly wealthy man even without his wealth. Good luck. p.s. He must have saved quite a bit as an educated man to retire at 45 and expecting to live to 70. p.s.s. I am always amazed how the Great Depression affe...
by staythecourse
Wed Jun 07, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: My Wife is having our 5th child. What is an appropriately extravagant push gift?
Replies: 90
Views: 6860

Re: My Wife is having our 5th child. What is an appropriately extravagant push gift?

I'm proud and maybe should be ashamed to say I refused to buy my wife NO push present. The gift is a new baby and anything material acts attached to it seemed to cheapen it. BTW, my first was done by via c-section by the OB so my argument there was shouldn't I be buying the push present to the OB? S...
by staythecourse
Tue Jun 06, 2017 7:24 pm
Forum: Investing - Theory, News & General
Topic: Manifesting Your Riches?
Replies: 20
Views: 1897

Re: Manifesting Your Riches?

DomDangelina wrote:As you know, certain modern books have resurrected and vulgarized certain gnostic doctrines.


The more I read this site the more I realize I need to improve my vocabulary. I didn't understand half that sentence. :D

Good luck.
by staythecourse
Tue Jun 06, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 3162

Re: Suit for residency interviews

Doctor here. Doesn't really matter. Just don't stand out, i.e. attract attention. You will soon learn doctors and healthcare folks in hospitals are NOT the most fashion forward. Private practice may or may not be different, but hospital folks are not. You will be judged based on your qualifications ...
by staythecourse
Tue Jun 06, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Source for Finding and Understanding Medical Billing Codes
Replies: 8
Views: 564

Re: Source for Finding and Understanding Medical Billing Codes

As usual, the government resource is unhelpful and burdensome. I use http://www.codingtoday.com for coding. As usual, this efficient and simple resource costs money, as it should. If your surgeon is in-network and expects to be paid by insurance, the surgeon will (should) pre-authorize your surgery...
by staythecourse
Tue Jun 06, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead Board Game!!
Replies: 31
Views: 2218

Re: Boglehead Board Game!!

Actually this sounds like a fantastic idea. What better way to teach boglehead/ good financial habits to young children. We always have posts on how to teach kids good financial habits. This would be a great start. Hopefully, someone will take this serious and make one (under the approval of the bog...
by staythecourse
Sun Jun 04, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Dealing with diversification risks
Replies: 4
Views: 537

Re: Dealing with diversification risks

Okay first step is some reading. Your breakdown of assets show you have no clue what asset classes are. If you don't know that then how could you know if you are diversified or not? Here is a freebie on asset classes: There are 4. Stocks, bonds, cash, and alternative investments. Of course, there ar...
by staythecourse
Sun Jun 04, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Chicago Real Estate
Replies: 24
Views: 2417

Re: Chicago Real Estate

That being said, there are definitely HOT markets i.e. The West Loop. Nope. I grew up in and around Chicago and lived here for last 10 years. West Loop has been "predicted" and sold as a bill of goods as the next big thing. it NEVER has materialized any more then any other area of young p...
by staythecourse
Sat Jun 03, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: WHAT!? Us! Double comma! Can I pull back?
Replies: 27
Views: 3912

Re: WHAT!? Us! Double comma! Can I pull back?

Another thing to keep in mind is that pensions are becoming as rare as the dodo bird. ERISA protects your accrued benefits but it doesn't cover projected future benefits. Defined benefit plans gain most of their value in the last 10 years or so before retirement since they usually involve a fixed p...
by staythecourse
Sat Jun 03, 2017 5:51 pm
Forum: Investing - Theory, News & General
Topic: Everything keeps going up, this feels too easy?
Replies: 113
Views: 8596

Re: Everything keeps going up, this feels too easy?

Why does it matter if the market is down, up, or sideways. I think too many folks on here are calculating their portfolio values and dreaming of living it up in retirement way too often. If you don't need the money until x years who cares if it is up by 50% or down by 50%? The reason you came with a...
by staythecourse
Sat Jun 03, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Chicago Real Estate
Replies: 24
Views: 2417

Re: Chicago Real Estate

ANY real estate when it comes to "investing" is "finicky". The reason is it is really called speculation. No different then collecting comic books and baseball cards and hoping to make money in the future. My advice, if you have to ask on an internet forum if one should invest mo...
by staythecourse
Sat Jun 03, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: WHAT!? Us! Double comma! Can I pull back?
Replies: 27
Views: 3912

Re: WHAT!? Us! Double comma! Can I pull back?

This will surely cause a firestorm of discussion, but I don't think it is wise to use your home equity in your analysis. It isn't like you are going to sell and know exactly the amount of profit. Even if you did then you would have to apply some of that money back into renting a place for the rest o...
by staythecourse
Sat Jun 03, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after maxing out all tax advantaged options?
Replies: 24
Views: 2361

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

I have been a Bogleheads for the past 25 years but I did not discover this forum until a couple of years ago. I finally decided to register today to respond to this post and ask a couple of questions. Once one has maxed out all his or her tax-advantaged accounts, why not buying Berkshire Hathaway s...
by staythecourse
Sat Jun 03, 2017 9:00 am
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (May 2017)
Replies: 6
Views: 988

Re: madsinger monthly report (May 2017)

Permanent Portfolio had a good month, helped again (to my surprise) by Long Bonds, up +1.74% for the month. Such an odd comment to make from a boglehead. Do you have any data to support being able to predict with any accuracy short term movement of Long term treasuries? I do know year to year autoc...
by staythecourse
Sat Jun 03, 2017 8:12 am
Forum: Investing - Help with Personal Investments
Topic: What to do after maxing out all tax advantaged options?
Replies: 24
Views: 2361

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

In my opinion, it should the expectation to max out tax advantage plans and not the goal. The only way to be wealthy is make enough to save enough. The more you save the more wealth development occurs. Now everyone can't do it, of course, but it should still be the expectation. Good for you for gett...
by staythecourse
Fri Jun 02, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Dealing with Impatience reaching financial goals
Replies: 30
Views: 3226

Re: Dealing with Impatience reaching financial goals

I think the issue is the abnormal focus on "financial milestones". Who cares if you hit 6, 7, or 8 digits in life. Does that make you a better person, better husband/ wife, better friend, better citizen, better neighbor, etc..? I don't think so. It is great having wealth and working hard f...
by staythecourse
Fri Jun 02, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Does someone 60+ need more than 10 years expenses in FI?
Replies: 39
Views: 3843

Re: Does someone 60+ need more than 10 years expenses in FI?

This is the advice as one option I give to near/ retirees. Go 10 years in fixed income and then rest in stocks. Then if stocks do well the next year sell enough to replenish the 10 yr. fixed income bucket. If stocks do bad then don't sell any stocks and wait for the next year. This will allow 10 yea...
by staythecourse
Thu Jun 01, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: Is anyone missing their signed Bogle bobblehead?
Replies: 8
Views: 838

Re: Is anyone missing their signed Bogle bobblehead?

Guess I should be upset, but instead think about how it would look in my office. Is that wrong? :D

Good luck.
by staythecourse
Wed May 31, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Predicted 4% return over next decade. What do you do now?
Replies: 71
Views: 6600

Re: Predicted 4% return over next decade. What do you do now?

Why do forecasters make 10 year predictions every year? :shock: Paul 100% agreed. Even funnier is when Mr. Ferri (as much as I respect him) used to come up with a new 30 year prediction every year. Makes no sense. Good luck. p.s. Also agree with other poster.... Mr. Bogle's crystal ball is no less ...
by staythecourse
Wed May 31, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 5772

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

Have nothing to add, but can say this is EASILY my biggest worry. As it is nearly certain if one lives long enough dementia sets in and if one doesn't live long enough then you worry does anyone know how to handle the financial plan going forward.

Good luck.
by staythecourse
Tue May 30, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 69
Views: 8539

Re: Go part time number

Apologize if I am repeating as I have not read the other posts. One BIG issue as an MD (a fellow one here and solo doc to boot) is that even if you could go part time by your "number" you will have a HARD time having a job to do the part time work. If you work for someone else (health syst...
by staythecourse
Mon May 29, 2017 11:15 pm
Forum: Investing - Theory, News & General
Topic: "Four Timeless Lessons" by Mark Hulbert
Replies: 8
Views: 2357

Re: "Four Timeless Lessons" by Mark Hulbert

Can't really agree with no. 3. If one can beat the market in the long run by more then a few percentage points they should have a statue erected in their name or should be on the front of a cereal box or maybe a holiday named after them. It is probably as often as any of those situations happening a...
by staythecourse
Mon May 29, 2017 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: help me decide of I should use this wealth manager
Replies: 17
Views: 1694

Re: help me decide of I should use this wealth manager

They may be the next great thing, BUT who cares. You only get one shot at your investing lifetime and you better make it count. The data ALL supports passive investing so that should be your default. How about they give you back all the money if they don't meet their projections. That is fair otherw...
by staythecourse
Mon May 29, 2017 7:31 am
Forum: Local Chapters and Bogleheads Community
Topic: I think I found Rick Ferri
Replies: 64
Views: 15440

Re: I think I found Rick Ferri

Interesting if Mr. Ferri could contribute as an advisor to to the bogleheads community on converting accumulated wealth to post retirement happiness. Many of us (me included) are very good about the former and not so confident in the latter. It is mindset that is difficult to just switch on and it s...
by staythecourse
Sun May 28, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 15293

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

I have an easier and WAY more logical approach. It is the common sense approach of 1. Have enough in principle stable investments to match one's monthly liabilities and 2. ADAPT to the situation. It is no different then one needing to adapt to their investment plan during the accumulation period whe...

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