Search found 448 matches

by kingsnake
Sat Feb 17, 2024 9:16 am
Forum: Personal Investments
Topic: Asset Allocation for Early Career Physician: What Would You Do If You Could Do It Again?
Replies: 65
Views: 5142

Re: Asset Allocation for Early Career Physician: What Would You Do If You Could Do It Again?

80 percent VTI or VOO or a mix for tax loss harvesting ( very small amount in VXUS but don’t contribute anymore) :D
20 percent bond which is BND in 401k and VWIUX in taxable

That’s it. Been doing that since I became a BH around 2011 in late my late 30s. Similar salary as you. Now close to age 50 with 8 figure net worth. Only work 4 days per week for last 5 years. Will likely quit medicine in the next 4-5 years.
:beer
Owe all my investing success to the BH 2 fund portfolio and BHs advice!
by kingsnake
Wed Jun 22, 2022 7:54 am
Forum: Personal Consumer Issues
Topic: Upper Peninsula in October?
Replies: 33
Views: 4010

Re: Upper Peninsula in October?

Consider flying into Green Bay or Appleton and renting a car there, maybe less expensive, you could drive into the the U.P. from the South and could start in Iron Mtn. and from there head right up through to Houghton/Hancock/Copper Harbor/Isle Royale and then come back over to Marquette and back down through Escanaba to Green Bay/Appleton. October weather can be cold especially if you're on the Lake Superior shoreline. Great mountain biking in Houghton/Hancock/Copper Harbor/Marquette as well. I backpacked across Isle Royale a couple times and its a 3-4 night hike--get dropped off on one side and hike to the other side. You can take a float plane out of Houghton to get there and it's a lot faster than the boat, easily saves you a day each way.
by kingsnake
Mon Sep 20, 2021 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tax strategies for high W2 income earners
Replies: 25
Views: 4364

Re: Tax strategies for high W2 income earners

This is what I do...

Max 401k
Max HSA
Max backdoor Roth

Fill 401k with total bond fund
Fill HSA with total stock fund
Fill Roth with total stock fund
Fill taxable account with total stock fund, and the extra bond space I need I use muni fund in taxable

I put 50k into each kids 529 about 6 years back, but stopped contributing after that...

I paid off my mortgage, just don't want to pay the interest

Not much else to do but make less money...which I think I'm going to do if taxes go up even more next year (will take more time off)
by kingsnake
Thu Apr 01, 2021 3:50 pm
Forum: US Chapters
Topic: Congratulation HomerJ!!! [on your pending retirement]
Replies: 22
Views: 5897

Re: Congratulation HomerJ!!!

You can always fall back on your snow plow business. :). What was it called?
I believe it was called Mr. Plow
by kingsnake
Sun Apr 12, 2020 10:32 am
Forum: Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 139
Views: 36250

Re: Who uses the 3 fund portfolio ?

I consider myself to follow it, the caveat is holding Int Term Tax Exempt bond fund in the taxable account as its more tax efficient for me than Total Bond.
by kingsnake
Fri Mar 27, 2020 9:17 am
Forum: Personal Consumer Issues
Topic: Parents with kids in Spring sports that are on hiatus/cancelled
Replies: 8
Views: 979

Re: Parents with kids in Spring sports that are on hiatus/cancelled

Our money for each of my kids spring travel teams was refunded. The spring season was cancelled about a week after tryouts literally on the eve of the first practice.
by kingsnake
Thu Mar 26, 2020 9:27 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 76648

Re: Have we hit bottom? Time to buy?

I'm guessing that we have not hit the bottom. VTI up because of the stimulus today. But the crisis will last several more weeks if not months. It will wear on people. Unemployment will be worse than what came out today. Wisconsin is ordered to shelter at home until April 24, Minnesota issued shelter at home until April 10....Minnesota's will likely get extended when they realize Covid 19 will worsen between now and then....other states who haven't ordered shelter at home will order them....New York, and California will be a mess, possibly Houston and other major Metros.... For every positive test there are 2-3 others they passed it on to....I think the bottom will be somewhere around the Covid -19 peak and we won't peak for a 2-3 more weeks...
by kingsnake
Mon Mar 23, 2020 4:50 pm
Forum: Personal Investments
Topic: 9 Reasons Not to Tax Loss Harvest (WCI)
Replies: 50
Views: 5266

Re: 9 Reasons Not to Tax Loss Harvest (WCI)

Meh,

I TLH'd today. Sold 100% of my Vanguard FTSE All-World ex US Index Fund and exchanged it into Vanguard Total International Stock Index Fund. :beer
by kingsnake
Mon Mar 23, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 17284

Re: What have you learned from this situation that you will take action on?

I learned that it's good to have tax loss partners set up. Today I went from FTSE All World Ex US to Total International to capture a chunk of long term capital losses.

I learned that I should have an EF of 6-12 months of expense at all times.

I learned that a lot of people on this forum are uncomfortable with their AAs when stuff hits the fan.
by kingsnake
Mon Mar 23, 2020 12:04 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 298337

Re: Bogleheads community discussion - Coronavirus

Wisconsin getting the full shut down tomorrow.
by kingsnake
Sun Mar 22, 2020 8:07 am
Forum: Personal Investments
Topic: One simple thing this 50 yo learned...
Replies: 61
Views: 10835

Re: One simple thing this 50 yo learned...

I learned that many people have an AA they are not comfortable with if the market swings greatly in one direction of another. A month or two ago all these machos were posting about their 100%-90% equity portfolios...I wonder where they have gone? Probably back home to live with mom and dad.
by kingsnake
Sat Mar 21, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: COVID Crash: What did you get right?
Replies: 61
Views: 4133

Re: COVID Crash: What did you get right?

I haven't done a damn thing other than buy some 500 Index a few weeks back on a drop...which has since dropped quite a bit. I may buy some more in the coming week(s) if the market doesn't come up. If we're worse off in say 6 months or more I'll just TLH out of it into Total Stock Market.
by kingsnake
Wed Mar 18, 2020 1:01 pm
Forum: Personal Investments
Topic: Muni Bonds and Risk (VWIUX)
Replies: 29
Views: 4054

Re: Muni Bonds and Risk (VWIUX)

Most of my fixed income is in VWIUX, I plan to leave it there. Stay the course. Nobody knows what is going happen.
by kingsnake
Mon Mar 16, 2020 10:41 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 298337

Re: Bogleheads community discussion - Coronavirus

I mostly do elective case at the hospital...I'm going to be informed in 20 minutes that all elective procedure are going to be cancelled indefinitely starting tomorrow. We have no cases of Covid 19 in our county yet. I'm off work for a few weeks I guess? Calm before storm.....
by kingsnake
Sun Mar 15, 2020 9:48 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 298337

Re: Bogleheads community discussion - Coronavirus

I am not afraid of Cov-19, I am afraid of a future virus that has the transmissibility of this corona virus and the mortality rate of ebola.
by kingsnake
Fri Feb 28, 2020 8:15 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4089
Views: 392278

Re: Coronavirus and the market

The market corrected and yesterday I bought the S and P 500 index fund with my end of year bonus that I received last week. Seemed like it was 12% off. Seemed like a RB4D, really bad 4 days. If the market keeps going down I'll tax loss harvest out of it. There is opportunity here.
by kingsnake
Fri Apr 26, 2019 9:02 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Does Money Buy Happiness?
Replies: 37
Views: 3242

Re: Larry Swedroe: Does Money Buy Happiness?

IMO, the closer to financial independence the less stress money imposes; Less stress generally equates to more happiness
by kingsnake
Thu Dec 27, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Nice jeans for work with lowest average cost of ownership
Replies: 107
Views: 10201

Re: Nice jeans for work with lowest average cost of ownership

"nice" jeans for going out if I need to look nice, 7 jeans
day to day, Carhart
by kingsnake
Thu Feb 22, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay partners for working your call
Replies: 59
Views: 5363

Re: How to pay partners for working your call

Our accounting department just takes the money from Dr. Senior's paycheck and adds it onto Dr. Junior's, all pretax. On our pay stub is a separate column called call pay.
by kingsnake
Sat Feb 10, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 108
Views: 13269

Re: Who has had a pool?

Consider joining a pool. We joined a country club 2 miles away as "social" members, which means we just can't golf but pay way less money too. We use the pool 3-5x per week June-August for the last 4 years. They clean the pool, provide the towels, have a cabana for food/drinks, etc. The kids, wife, and I have met friends there. They took inexpensive swim lessons there. The pool is large an has 2 diving boards. We can play tennis or pickle ball at no extra cost, they can take junior golf, play in a large lawn next to the pool, etc. Cost total is about $5,000 per year. Seemed way better deal than putting in a pool to us.
by kingsnake
Sat Feb 10, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: Buying a rental house. Pay cash or mortgage?
Replies: 21
Views: 2912

Re: Buying a rental house. Pay cash or mortgage?

Why couldn't the poster buy the house and let the parents live in it, and receive a monetary "gift" once a month or bimonthly, or whatever?
by kingsnake
Sat Feb 10, 2018 8:39 am
Forum: Personal Investments
Topic: Buy equities or rebalance?
Replies: 6
Views: 713

Re: Buy equities or rebalance?

I bought equities on the big dip day last week with cash savings, even though I'm overweight on equities. Still sleeping fine. I think I'm overweight equities by 10% or so.
Presently about 20% bonds at age 43.
by kingsnake
Fri Jan 05, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: CapOne Quicksilver vs. USAA card
Replies: 14
Views: 1651

Re: CapOne Quicksilver vs. USAA card

I've had the Quicksilver for a few years...I get a paper bill in the mail and then I pay them manually online through my Bill Pay tab in my online checking account.
by kingsnake
Thu Jan 04, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 233
Views: 37021

Re: Hitting The Sell Button

I don't have any 401k bond space left with 100% BND in there...that leaves me with muni bond funds at Vanguard...but in order to be able to TLH I don't want to buy any of that for 6 months....so that means I should buy more VTI which I could TLH after the peak versus ugh, pay down my mortgage.
Paying down my mortgage just doesn't sound or feel that sexy since I don't really count it as an investment anyway.
Agree, first world problems. :moneybag
by kingsnake
Tue Jan 02, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: 529's: Torn Between Utah and Vanguard (Nevada) Plans
Replies: 20
Views: 14796

Re: 529's: Torn Between Utah and Vanguard (Nevada) Plans

Wow, 5 years ago I posted on this thread.....I went with Vanguard Nevada plan, the Age based Aggressive Portfolio for 2 529 plans started shortly after that post. I have been pleased as its been easy to use and the accounts show up when I log into Vanguard. One less institutional account to manage. I have since cashed everything of Treasury Direct as well. 8-)
by kingsnake
Sun Dec 31, 2017 9:30 am
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 110
Views: 12415

Re: Individual Stocks That Went Bust

Woolworth? Sports Authority?

Thankful for index investing and bogleheads... :beer
by kingsnake
Sun Dec 31, 2017 9:12 am
Forum: Personal Investments
Topic: Nevada 529 vs Utah 529
Replies: 7
Views: 1607

Re: Nevada 529 vs Utah 529

I don't live in Nevada but put 50k in 2 529 accounts using the Vanguard Aggressive Age based plan and called it a day. Now will just let them ferment for 10 years until my kids hopefully go to college.
by kingsnake
Sat Dec 30, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 12569

Re: Plow Guy Raised Rates

Is it is short enough to snow blow? or get a plow yourself. They charge like $800 per year for driveway plowing here, unlimited. One year I would have only used it like 5 times...although this year could use it 3-4x already. I just got a snow blower and do it myself. Takes me about 30 minutes to snow blow or if its less than 2-3 inches I just shovel it. I do contemplate buying a little tractor with a plow...and sometimes a pick up I could throw a plow on in winter. Heck....if I bought a truck and charged 800 bucks per driveway per year.....could be nice side hustle...
by kingsnake
Tue Dec 26, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: TLH on bond funds before end of year?
Replies: 14
Views: 1427

Re: TLH on bond funds before end of year?

From the Wiki

However, ETFs and the Tax-Exempt Bond Index Fund (which is the mutual fund class of an ETF) are subject to the six-month rule, because they declare dividends monthly, not daily. To see whether a fund is exempt from the six-month rule, check its prospectus for the statement, "dividends are declared daily and paid monthly"; if it says "dividends are declared monthly" (or quarterly), the six-month rule applies. :moneybag
by kingsnake
Mon Dec 11, 2017 9:14 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 24200

Re: Save all this money, what do you splurge on?

Social membership at the country club for the pool in the summer, and junior golf for the kids

Season hockey tickets for Saturday nights at a Big 10 school, hotel it a few blocks from the rink
by kingsnake
Tue Oct 17, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 57
Views: 7381

Re: Best way to make some dollars on a 10 day vacation?

Bike messenger or deliver food by bike...
by kingsnake
Sat Oct 07, 2017 8:21 am
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 212
Views: 27083

Re: Dividends vs. Capital Gains for Spending Needs?

dbr wrote: Fri Oct 06, 2017 5:10 pm
kingsnake wrote: Fri Oct 06, 2017 5:08 pm The 3 fund portfolio still kicks out a lot of dividends....I'd like to have enough principle to live off dividends some day. We'll see.
Why? That might require you to work longer and save more than you really need to. It might also cause you to spend down your retirement too fast. Dividend payouts are not the measure of the best use of assets in retirement.
The 3 fund portfolio still kicks out a lot of dividends. I'd like to have enough from interest and dividends, using the 3 fund portfolio, to live off someday. Why? I guess it is psychological. I think I can do it or come close and still retire at age 50 if I want, as I'm lucky to be a high income earner and decent saver.
by kingsnake
Fri Oct 06, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 212
Views: 27083

Re: Dividends vs. Capital Gains for Spending Needs?

The 3 fund portfolio still kicks out a lot of dividends....I'd like to have enough principle to live off dividends some day. We'll see.
by kingsnake
Mon Sep 18, 2017 8:01 pm
Forum: Personal Consumer Issues
Topic: Experience with Custom Home Builders
Replies: 12
Views: 2023

Re: Experience with Custom Home Builders

I guess I'd divide the price of the house by the square footage, this will give you price per square foot and then thats a more apples to apples comparison.
Some builders just charge more, maybe overhead, more demand, etc. helps to get references or better yet walk through a house they built and see if looks like a quality job.
by kingsnake
Sat May 13, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Interested in lake property
Replies: 36
Views: 6648

Re: Interested in lake property

Living in Wisconsin, and I question buying a lake property as well.

Maybe buying an existing cabin would be less than a lot plus building? Or consider buying a "tear down"? :confused
by kingsnake
Sat May 06, 2017 10:17 pm
Forum: Personal Consumer Issues
Topic: First 100 mile bike ride
Replies: 51
Views: 5540

Re: First 100 mile bike ride

Eat and drink a lot along the way...pace yourself and don't burn all your matches on the first few climbs....it's a long way and 10,000 ft of climbing is a ton.....hopefully you have gotten some long rides under your belt so far this year?
by kingsnake
Wed Apr 12, 2017 12:05 pm
Forum: Personal Investments
Topic: absolute amount or % to trigger a TLH
Replies: 12
Views: 1643

absolute amount or % to trigger a TLH

I have about a $7000 loss on intermediate term tax exempt admiral and a $2000 loss on limited term tax exempt admiral. This represents only a small percentage of the amount of money in the funds, say 1%. Would you TLH? I currently have $90,000 in carry over losses, but like $500,000 in unrealized gains. Would one just dump these 2 funds for 31 days into a money market then reinvest them in the same :?: thanks
by kingsnake
Thu Jan 12, 2017 2:27 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 60375

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I felt Wisconsin's plan had too high costs to make the deduction worthwhile. I have 5 and 7 year olds and each has 55k in the Nevada (Vanguard) age based aggressive 529. I stopped contributing in 2015 since I don't know how much money to put in there. Tax loss harvesting in taxable may be the better route to fund the rest of their education down the road? who knows. :confused
by kingsnake
Tue Jan 03, 2017 1:57 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 360
Views: 63868

Re: Whats your number to walk away?

I'd walk away right now if I had 10M.

This year I should pass 5M. With a mortgage, 2 young kids, and being in my early 40s, I'll keep chipping away but this year plan to work less.
by kingsnake
Sat Dec 10, 2016 12:48 pm
Forum: Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 23923

Re: HSA - is keeping 40 years of medical records practical?

We have not had many large medical bills overall. I am paying as I go with an HSA debit card and contributing the max allowed to the HSA each year. Our medical bills are usually less than 1-2K annually. I initially kept receipts for a few years but that was a total PITA and not worth the hassle for me.
by kingsnake
Fri Dec 02, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: "High risk colonoscopy", cost shift. Any recourse?
Replies: 19
Views: 4056

Re: "High risk colonoscopy", cost shift. Any recourse?

American College of Gastroenterology (ACG) guidelines on surveillance colonoscopy recall recommendations...you can google this yourself Average Risk Baseline colonoscopy: most advanced finding(s) Recommended surveillance interval (y) Quality of evidence supporting the recommendation No polyps 10 Moderate Small (<10 mm) hyperplastic polyps in rectum or sigmoid 10 Moderate 1–2 small (<10 mm) tubular adenomas 5–10 Moderate
by kingsnake
Sat Oct 01, 2016 9:20 am
Forum: US Chapters
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 173
Views: 37079

Re: How Did You Become A Boglehead? What Led You Here?

I was looking up some topic on google and a link to this site came up....I was an instant believer, read Bogleheads Guide to Investing, and with some advice from a few forum members converted. :beer
by kingsnake
Wed Sep 21, 2016 11:26 am
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 275
Views: 56137

Re: The Bogleheads' "100 Things Worth Every Penny" List

Social membership to the country club, for use of the swimming pool for my kids.
by kingsnake
Fri Sep 16, 2016 10:24 am
Forum: Personal Consumer Issues
Topic: Toyota, Honda, Nissan or Chrysler Minivan?
Replies: 43
Views: 6878

Re: Toyota, Honda, Nissan or Chrysler Minivan?

2012 Honda Odyssey...ours must be EX-L since we have leather seats, everything holding up well at 65,000 miles.
We didn't do the entertainment thing...You can get your kids headphones and a hand held DVD player for much less...plus they can take them into the hotel room too or wherever...and they don't need to be watching the same thing.
by kingsnake
Thu Aug 18, 2016 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 62892

Re: Self-made Millionaires: how did hitting 7 figures change you?

I don't think it changed me personally.

On an expense level we built a house and hired a cleaning person to come once every 2 weeks.
I finally hired someone to mow our lawn a couple years later.
We join a country club near our house as social members which gives us use of the pool, with tennis and swim lessons for the boys.

i still drive a 2004 Honda vehicle. :beer
by kingsnake
Thu Jul 07, 2016 9:21 am
Forum: Personal Investments
Topic: Bond Market Bubble
Replies: 47
Views: 7780

Re: Bond Market Bubble

When I converted to a Boglehead type portfolio I was worried about buying a bunch of Total Bond Market all at once because of the bond bubble...this was 4 or 5 years ago.....Just Do It
by kingsnake
Fri Jun 24, 2016 9:45 am
Forum: Investing - Theory, News & General
Topic: Actionable advice in a Brexit scenario
Replies: 162
Views: 25369

Re: Actionable advice in a Brexit scenario

I had 50k in money market ready to deploy and I decided to wait for the brexit vote....Deployed into VTIAX and VTSAX today. Maybe I got a deal, maybe not, but it :o feels good though.
by kingsnake
Sun Jun 19, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Dr. Charges Facilities fee of $300 - what should I do?
Replies: 142
Views: 18229

Re: Dr. Charges Facilities fee of $300 - what should I do?

It is not necessarily part of doctor's "responsibility" to take call. Everything is negotiable. I personally take call for free but if I take more than my fair share I get paid for it. It's Father's Day and I'm on call all weekend and have 4 cases already today. I can envision a scenario where I do outpatient work only and take no call....and send any emergencies to the next schmuk over. Right now I am that schmuk! :beer