Search found 4326 matches

by staythecourse
Mon Mar 27, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Another house buying decision thread
Replies: 4
Views: 381

Re: Another house buying decision thread

Sorry didn't even bother reading the whole thread. With your income and expected income going forward it is ridiculous that you are sleeping with ear plugs and a noise machine EVERY day. The whole reason to make money is so you don't have to suffer and I would say having to adjust just to get a good...
by staythecourse
Mon Mar 27, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 103
Views: 4572

Re: Weathering sell-off days like today

The best thing to do is find something else to do. Folks spend WAY TOO MUCH time looking and thinking about their money. The idea of investing is spend the time upfront and then it is just put on cruise control. My advice: Pick up a hobby (that is not investing), get married/ find significant other,...
by staythecourse
Mon Mar 27, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Is it time to stop investing in the 529?
Replies: 8
Views: 1061

Re: Is it time to stop investing in the 529?

Questions: 1. What does you daughter want? Meaning does she want to go to a specific school(s) which would make it easier to start narrowing it down. 2. Do you have more kids so if you don't use up that money it can/ will be applied to them? 3. Are you interested in funding her postgrad. education c...
by staythecourse
Mon Mar 27, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: Why are international and US stocks down today?
Replies: 49
Views: 2263

Re: Why are international and US stocks down today?

I understand how volatile the market is both in the short and long term. Still, I find its behavior odd and irrational. That pretty much much sums up how the market plays out day to day. There is no reason is goes up, down, or sideways each year let alone one day to the other. I firmly believe to b...
by staythecourse
Mon Mar 27, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: Need advice about massive changes in daughter's college program by dean
Replies: 51
Views: 3171

Re: Need advice about massive changes in daughter's college program by dean

russellh wrote:Option #2. Vote with her feet. ASAP.


Always best advice.

The vision of ANY company is based on the top, i.e. dean. You are not going to change it. That is why it is a vision as it does not cater to what the folks below care about.

Good luck.
by staythecourse
Sat Mar 25, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Tax Liabilities
Replies: 8
Views: 653

Re: Estate Tax Liabilities

Since the federal estate tax limit is now part of the lifetime limit of 5 million per or 10 million per couple. That makes any of this discussion moot unless one is above that threshold. Is there something more specific in relation to the state he is domiciled?

Good luck.
by staythecourse
Fri Mar 24, 2017 7:26 pm
Forum: Personal Consumer Issues
Topic: Car Dealer Forgot to Charge Sales Tax - Ouch
Replies: 39
Views: 3429

Re: Car Dealer Forgot to Charge Sales Tax - Ouch

I am not sure why the OP is so proud. Either it was a mistake by a novice car dealer and you are fine OR you did not pay sales tax on a LARGE purchase. If it is the former no problems. If it is the latter the state will find out and they will find you via audit or some other measure. I don't know th...
by staythecourse
Thu Mar 23, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4127

Re: Divesting to heirs. When and how quickly.

Just quickly scanned the thread and did not catch how much are we talking about? Considering gift tax now has a lifetime exemption of 10 million per couple are we talking under or over that? It really only matters if you are over it. If not, then it is style points on how to distribute. As mentioned...
by staythecourse
Tue Mar 21, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Issue: What kind of lawyer (or do I not need one yet)?
Replies: 41
Views: 3412

Re: Legal Issue: What kind of lawyer (or do I not need one yet)?

About 30 minutes later, he sent me on my way. The advice was to wait on it, but that I will likely be subpoenaed into the new litigation and I must remain mute on the issue until compelled by a judge to testify. He said at that time, I'll likely need an order of protection in place to prevent legal...
by staythecourse
Tue Mar 21, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 4550

Re: Any downside in buying a brand new house ?

I've bought a 10 yr. or so townhome and a new construction, custom built house that we designed in my short life. I can't say the quality is better or worse on one side then the other. New homes will have everything under warranty (construction and appliances) and older homes everything is falling a...
by staythecourse
Tue Mar 21, 2017 5:41 pm
Forum: Investing - Theory, News & General
Topic: Harvard endowment beats S&P 500 by 2% a year over last 40 years
Replies: 50
Views: 5934

Re: Harvard endowment beats S&P 500 by 2% a year over last 40 years

Lets say there are no issues with the methodology and fees are accounted for and Harvard actually did better by 2% vs. SP500 (which had a proxy of Bogle's SP500 fund over last 40 years). Are we supposed to be that impressed? So basically, one of the finest institutions in the WORLD, who has MASSIVE ...
by staythecourse
Tue Mar 21, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Issue: What kind of lawyer (or do I not need one yet)?
Replies: 41
Views: 3412

Re: Legal Issue: What kind of lawyer (or do I not need one yet)?

My less then two cents is to do nothing. If they do, in fact, have proof they will legally serve you. At that time, get a lawyer involved. If they don't have proof you have nothing to worry about. Either way having ANYONE (you or legal council) send anything on your behalf is a waste of time. It isn...
by staythecourse
Sun Mar 19, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Collection Agency - Are you kidding?
Replies: 33
Views: 4144

Re: Collection Agency - Are you kidding?

Sorry did not read other replies, but I would take this seriously if true or not. I would ask in writing via registered mail to give proof of existing debt. I believe they have 30 days to do it. If they do then I would talk to them about paying it IF they don't report to credit bureaus or if they di...
by staythecourse
Sun Mar 19, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Am I Addicted [to contribute to my taxable account]
Replies: 57
Views: 6075

Re: Am I Addicted [to contribute to my taxable account]

I never understood these type of threads. What is the point? I think we all know this is not addiction so I am assuming this is just a selfcongratulatory thread. Great you invest money. Since it is a personal finance forum I would think this is the NORM and not worth even mentioning as if it is some...
by staythecourse
Sun Mar 19, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Buying house - what should I expect from real estate agent
Replies: 10
Views: 592

Re: Buying house - what should I expect from real estate agent

What would I do? I would do your own legwork upfront (sign up for email alerts from redfin, zillow, trulia, etc...) that fits your needs+ wants. When something pops up go check it out from a distance and if interested from the outside set up a look see with an agent. Now the key is to find a real es...
by staythecourse
Sat Mar 18, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 54
Views: 4053

Re: Advice: Overextending by buying? How much house to buy?

Do as you wish, but don't assume anything, i.e. raises, being sure you won't be moving, job satisfaction, etc... It sounds like you guys are joining corporate medicine and I can GAURANTEE it won't be what you think going forward. Just realize buying this house will be like shackles attaching you to ...
by staythecourse
Sat Mar 18, 2017 9:58 am
Forum: Investing - Theory, News & General
Topic: Crowdfunding real estate?
Replies: 20
Views: 1142

Re: Crowdfunding real estate?

Small amounts wouldn't move the needle on your total return. So why bother? Could significantly bump up cash flow though. On a $1M portfolio, let's say you allocate 15% to these. This is an extra $9000 in annual cash flow vs. standard funds (8% - 2% x $150k). One thing I have learned is it is true ...
by staythecourse
Thu Mar 16, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase and Sale of home: pearls of advice
Replies: 29
Views: 2326

Re: Purchase and Sale of home: pearls of advice

Great idea for a thread. Sold our old house last year by myself on an MLS listing site. My observation was when it comes to selling DON'T take your house of showings just because you go into contract or attorney review. You lose all the leverage in negotiating issues on inspection when your house is...
by staythecourse
Wed Mar 15, 2017 7:23 pm
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 53
Views: 4710

Re: Issue With Contractor. What to do?

Yeah, this guy is a chuckle-head if he thinks it's ok to have rooms without heat. I thought the same thing. OP, I'm afraid you're either dealing with a guy who is an idiot or a guy who thinks you're an idiot. Either way, don't let him get away with this. There's no way he (or someone working for hi...
by staythecourse
Tue Mar 14, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Did I Buy Too Much Home?!?!?!
Replies: 42
Views: 4395

Re: Did I Buy Too Much Home?!?!?!

My opinion on these questions is to think about what if the worst happens? So have to ask how stable is your incomes, do you have disability insurance, do you have adequate life insurance for the higher mortgage payments, etc... Also, I think about how FUTURE liabilities affect the financial picture...
by staythecourse
Sun Mar 12, 2017 6:33 pm
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 53
Views: 4710

Re: Issue With Contractor. What to do?

I built a house and can say contractors do NOT respond to messages on off hours. Can't blame them otherwise someone would be calling at any one time. Give them a Mon. and Tues. If you don't hear from that give them another call. I would be surprised if he is reputable he did this intentional or woul...
by staythecourse
Sat Mar 11, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: Reasons not to check the account balance too often
Replies: 42
Views: 3775

Re: Reasons not to check the account balance too often

Easy have kids.

With a wife, job, friends, and 2 kids I have no clue if the market is down, up, or sideways.

Good luck.
by staythecourse
Thu Mar 09, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Clawback of sales commissions earned
Replies: 42
Views: 2651

Re: Clawback of sales commissions earned

I was told verbally that my January 2017 commissions were going to be paid based on the 2016 plan. I hope this doesn't end up being an expensive lesson, but as my former boss always said about any negotiation: "If it isn't in writing, it never happened" . What I do in situations like this...
by staythecourse
Thu Mar 09, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Clawback of sales commissions earned
Replies: 42
Views: 2651

Re: Clawback of sales commissions earned

Okay I see it playing out 2 ways. You agree to their request and they clawback the money paid already and you still work with them going forward under the new compensation plan. Then it is your choice to either stay with them or look for another job. The other option is saying no. They take it out o...
by staythecourse
Thu Mar 09, 2017 9:00 am
Forum: Personal Consumer Issues
Topic: How to Die
Replies: 167
Views: 22585

Re: How to Die

I have a signed organ donor card, actually everywhere I have lived has an option for marking this on one's driver's license, and my family is aware of my wishes. I can't imagine taking my corneas or my heart or whatever with me to rot in a grave when they could save someone from blindness or save t...
by staythecourse
Tue Mar 07, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

I'm planning on working until I'm in my 70s because I feel an obligation to do so. My goal is $200,000 annual withdrawals (pre-tax). At a 3% SWR, I want to have about $6,666,667 in my investment accounts in today's dollars. I see people making more than I make and looking to have less than I want a...
by staythecourse
Tue Mar 07, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

For the above poster, The biggest parody of making money in medicine is the places that may a ton are the place having a ton of cash is not helpful. After you build/ buy a dream home and a couple fancy cars what else are you going to do with the extra wad of cash? To make that money no matter what y...
by staythecourse
Tue Mar 07, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

Most physicians I know will agree that they are trying to achieve financial independence from a profession that is broken. The changes in healthcare, the costs of education and the overall attitude of the public about healthcare has soured many physicians on the profession. When you are financially...
by staythecourse
Tue Mar 07, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Searched forum, unsuccessful, how to find doctors who take Medicare
Replies: 62
Views: 3048

Re: Searched forum, unsuccessful, how to find doctors who take Medicsre

It has usually taken me several years, with 20/20 hindsight to conclude that my previous PCP is/was not good (medically). Although she was not old, she was (in my non-medical opinion) behind current information about various mattters. I have concluded (confirmed by 6 years hindsight) that my curren...
by staythecourse
Tue Mar 07, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Searched forum, unsuccessful, how to find doctors who take Medicare
Replies: 62
Views: 3048

Re: Searched forum, unsuccessful, how to find doctors who take Medicsre

There is a huge variation by locality. We lived in Corvallis OR for many years. The largest practice (Corvallis Clinic) will not accept new Medicare patients. I thought it was horrible attitude and still do. And doctors, please don't waste your time telling me your sob stories about Medicare, I've ...
by staythecourse
Tue Mar 07, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Searched forum, unsuccessful, how to find doctors who take Medicare
Replies: 62
Views: 3048

Re: Searched forum, unsuccessful, how to find doctors who take Medicsre

[quote="dm200" Based on what I understand, what I read and what credible people tell me, a "Family Practice" Physician (either MD or DO - I regard them as "equivalent") may be just as good for Primary Care as an "Internist" (Internal Medicine). While I have al...
by staythecourse
Tue Mar 07, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable investment plan for kids college
Replies: 76
Views: 3258

Re: Taxable investment plan for kids college

If both of you are educated why not just gift the maximum per year PER PERSON to each kid in a 529 plan then any extra put in taxable? If you are educated your kids are going to college. Going forward I am not sure what reasonable jobs there will be for folks who don't go to college unless they do v...
by staythecourse
Tue Mar 07, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

Thanks "letsgobobby" and "sketchy9". I think both of those assessments are spot on. This helps me better understand why folks in these situations do what they do. Kudos to you sketchy9 for realizing what makes you happy and doing it even though for many it would seem the atypical...
by staythecourse
Tue Mar 07, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

I am happy for you and would love to do the same. With kids and their college coming up, travel and house expenses it would be tough to lose the income. It is also scary in early 40s to just give up the prospect of financial independence In early to mid 50s by saving large amounts. Doing what you d...
by staythecourse
Tue Mar 07, 2017 10:13 am
Forum: Investing - Theory, News & General
Topic: Improving the Dalio/Robbins All-Seasons Portfolio
Replies: 55
Views: 5103

Re: Improving the Dalio/Robbins All-Seasons Portfolio

Not sure if this was discussed as I did not read all the posts, but Harry Browne was asked when he was alive why not extended duration treasuries. His answer was they are TOO volatile in his equal protection portfolio. I think the role of EDV would be if one has limited tax deferred accounts then th...
by staythecourse
Tue Mar 07, 2017 10:10 am
Forum: Investing - Theory, News & General
Topic: Improving the Dalio/Robbins All-Seasons Portfolio
Replies: 55
Views: 5103

Re: Improving the Dalio/Robbins All-Seasons Portfolio

So any reason why GSG might be optimal? GSG follows the GSCI index. It is market weighted so energy,i.e. oil is about 75% of the index. USCI is a made up index from that fabaulous pro commodity paper from the ?Yale authors. SO USCI backtracking is just made up numbers on a hypothetical index. USCI ...
by staythecourse
Mon Mar 06, 2017 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

I'll say the same thing here (even as a fellow doc) that i have said on other threads and that is I just don't get some of the posters goals. How many folks who have worked their backends off to accumulate 5-10+ million will just be able to throw in the towel and spend lavishly when they have never...
by staythecourse
Sun Mar 05, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5095

Re: Windfall: should we pay cash for ~$1.3M home?

The whole "I love my job" mantra is nearly always untrue and just something people tell each other to make themselves (or others) feel better. Nearly no one who is financially independent volunteers full time. What does that say about full time employment? Even if there are aspects of wor...
by staythecourse
Sun Mar 05, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

It makes sense except for the time value of money. $1 saved at age 30 is worth far more than $1 saved at age 60. While it's tempting to work less while the kids are young, you lose a lot of compounding by going that route. Maybe I'm wired different, but this makes sense ONLY if you are going to spe...
by staythecourse
Sat Mar 04, 2017 11:43 pm
Forum: Investing - Theory, News & General
Topic: issue left unexplained in Warren Bufett's 2017-02-25 letter
Replies: 9
Views: 1341

Re: issue left unexplained in Warren Bufett's 2017-02-25 letter

In his recent letter to Berkshire-Hathaway shareholders ( http://berkshirehathaway.com/letters/2016ltr.pdf ), Warren Buffett wrote this in the 1st paragraph of page 24: If Group A (active investors) and Group B (do-nothing investors) comprise the total investing universe, and B is destined to achie...
by staythecourse
Sat Mar 04, 2017 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5095

Re: Windfall: should we pay cash for ~$1.3M home?

The answer is it depends. The reason it depends is you did not discuss AT ALL the more important issues. What is property taxes? What are you incomes? What are calculated maintenace costs going forward? What will you do if one or both of you lose your jobs? If it was me and I was living in a place o...
by staythecourse
Sat Mar 04, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

Well, there is a middle ground where you still have purpose in life but your job does not consume your life. That perfect work-life balance is actually what many (?most) are seeking. The idea of amassing wealth to have more flexibility in your work schedule seems perfectly reasonable to me. Of cour...
by staythecourse
Sat Mar 04, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15501

Re: Possibly Financially Independent and Feeling Miserable

p.s. As I have gotten older I have found it is much harder for may successful people to find happiness then it is to find $$ in their portfolio value. Wonder if that may be a reason this group of folks love to talk numbers instead of their emotional happiness? The problems surface when people repla...
by staythecourse
Sat Mar 04, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

I'll say the same thing here (even as a fellow doc) that i have said on other threads and that is I just don't get some of the posters goals. How many folks who have worked their backends off to accumulate 5-10+ million will just be able to throw in the towel and spend lavishly when they have never ...
by staythecourse
Sat Mar 04, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36670

Re: Physician Retirement Savings

I'll say the same thing here (even as a fellow doc) that i have said on other threads and that is I just don't get some of the posters goals. How many folks who have worked their backends off to accumulate 5-10+ million will just be able to throw in the towel and spend lavishly when they have never ...
by staythecourse
Fri Mar 03, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15501

Re: Possibly Financially Independent and Feeling Miserable

In my opinion "enough" is a state of mind, not an amount of money. I've read stories of billionaires who are dissatisfied with their life because one of their billionaire friends has a better private jet than they do. In their minds they don't have "enough". You can scoff at tha...
by staythecourse
Fri Mar 03, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: Newbie w/ $2.8M
Replies: 58
Views: 6158

Re: Portfolio Review: Newbie w/ $2.8M

My biggest suggestion is to not trust yourself. When follks make a windfall based on hard work and selling their business that is VERY much different then having a whole bunch of money land in your lap for something you did not do to deserve it. It is human nature to take things for granted especial...
by staythecourse
Thu Mar 02, 2017 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15501

Re: Possibly Financially Independent and Feeling Miserable

This is an easy one. You are unhappy because several years ago you and your spouse thought "Hey if we make X by Y age" it will make use financially independent and that will make us happy. That is a mistake MANY make. The reason you are unhappy now after making X at age Y is that you have ...
by staythecourse
Tue Feb 28, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Advise 98 yr old with 95% equities?
Replies: 33
Views: 3551

Re: Advise 98 yr old with 95% equities?

Just curious why we are seeing SO MANY "what advice" questions on this site concerning relatives that have NOT asked for said advice. The man is near death (well past life expectancy) so I don't think outliving his money is an issue. Instead of spending so much time worrying about this my ...
by staythecourse
Mon Feb 27, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: AP: Americans buy existing homes at fastest pace in a decade
Replies: 45
Views: 4010

Re: AP: Americans buy existing homes at fastest pace in a decade

To keep this actionable, how does this impact personal investors? If cap rates have compressed, the asset class is less attractive. Particularly if there is a mini bubble in housing valuations going on out there. FWIW I don't think any of this heralds the next housing bust. Thank you, that puts thi...

Go to advanced search