Search found 493 matches

by mac808
Mon Jun 24, 2019 2:45 pm
Forum: Investing - Theory, News & General
Topic: SPY buyback adjusted yield
Replies: 10
Views: 703

SPY buyback adjusted yield

Does anyone have a good place to look for "buyback adjusted" yield for SPY? This would be dividend yield plus share buybacks, minus net debt issuance, maybe plus major acquisition spend. Impossible to get it perfect because you get into subjective factors at a certain point. As share buybacks become...
by mac808
Tue Jun 18, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Maternity and Paternity leave policies
Replies: 56
Views: 3073

Re: Maternity and Paternity leave policies

I get that. I just didn’t know this was really a thing extended to males. When my wife had our kids 13 and 15 years ago I was allowed to take the day off for the delivery. It never would have crossed my mind to ask for more time. No, you weren't allowed to take the day off for delivery. You could h...
by mac808
Sat Jun 15, 2019 11:24 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 86
Views: 8475

Re: How safe are pensions in the U.S.?

State and local public pensions in the worst funded states are likely to be cut in the decades ahead. Even those that are "constitutionally protected" are likely to be impacted in a restructuring or bankruptcy process similar to what we see occurring in Puerto Rico right now. That's the bad news (fo...
by mac808
Thu Jun 13, 2019 12:22 pm
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 10864

Re: Retired at 35 and have no friends :(

I think this is a troll post. Generally, it's not possible for someone to be a Boglehead and retire at 35. Retiring at 35 requires a huge amount of money (millions) in a short period of time. Options for accuring that money include winning the lottery, buying individual stocks that are on a rocket ...
by mac808
Thu Jun 13, 2019 12:01 pm
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 10864

Re: Retired at 35 and have no friends :(

I think this is a troll post. Generally, it's not possible for someone to be a Boglehead and retire at 35. Retiring at 35 requires a huge amount of money (millions) in a short period of time. Options for accuring that money include winning the lottery, buying individual stocks that are on a rocket ...
by mac808
Thu Jun 13, 2019 11:31 am
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 46
Views: 3207

Re: DIY for UHNW

> Does this allocation look reasonable, and do you think I'm capable of managing ~$30M by myself? Yes and Yes. I'm in the same boat and the majority of my assets are in a 5 fund lazy portfolio listed in the wiki. A minority are in angel investments that I make for fun. I previously owned rental real...
by mac808
Thu Jun 13, 2019 11:24 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 10864

Re: Retired at 35 and have no friends :(

I think this is a troll post. Generally, it's not possible for someone to be a Boglehead and retire at 35. Retiring at 35 requires a huge amount of money (millions) in a short period of time. Options for accuring that money include winning the lottery, buying individual stocks that are on a rocket ...
by mac808
Thu Jun 13, 2019 12:25 am
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14521

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

Why just preservation? Why not take the current assets and double or triple them over the next one or two decades? The first ten million is the hardest!
by mac808
Sat Jun 08, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Market up because of rate cut expectation - why ?
Replies: 21
Views: 2788

Re: Market up because of rate cut expectation - why ?

When cash earns the same risk free return as SPY dividend, some investors feel less urgency to invest excess capital. If cash returns 0% then there is more psychological pressure to put that cash to work somewhere. Personally I believe the Fed may have taken on an unspoken mandate to support asset p...
by mac808
Thu Jun 06, 2019 12:26 am
Forum: Investing - Theory, News & General
Topic: Thank you, Taylor Larimore!
Replies: 49
Views: 6025

Re: Thank you, Taylor Larimore!

Thank you Taylor! You continue to make an impact; your posts (whether financial advice or just stories from the past) were very influential on me when I first stumbled upon the forum, and continue to be something I look forward to.
by mac808
Sun Jun 02, 2019 10:33 pm
Forum: Personal Consumer Issues
Topic: What do business pros wear on redeye Business Class flights
Replies: 50
Views: 6531

Re: What do business pros wear on redeye Business Class flights

10 hours or less, jeans, T-shirt and hoodie. A balance between comfort and not having to change as soon as I land. Greater than 10 hours, sweatpants and hoodie maximized for comfort. In first class, the airline will usually provide PJs and the butler will make up your bed while you change in the bat...
by mac808
Sun Jun 02, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 12794

Re: 2% withdrawal rate

I use a 2.5% swr in my calculations. But due to good fortune I way overshot my original number and so it was easy for me to work backwards from wealth to income in a more conservative way. I think a lot of the global and domestic demographic trends portend slower growth in the future. Lots of trends...
by mac808
Sat Jun 01, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 37402

Re: For those who earn $500k+ per year. How'd you do that?

I found out early on that working for myself was best. In 1974 started a manufacturers rep business. Repped for 14 companies calling on hardware stores in 5 states. No salary, straight commission. Sold in 1979 making 35k a month. “Retired” for 3 years and joined a fancy country club and played golf...
by mac808
Fri May 31, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 37402

Re: For those who earn $500k+ per year. How'd you do that?

$1m/year as a director in tech mega corp. I worked 12 hours/day 6 days/week for a full decade to get to this point but the job now is a relatively relaxed 40-45 hours/week and minimal travel. Although I am always on call and expected to respond 24/7 to (infrequent) emergencies. And I add enough valu...
by mac808
Thu May 30, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21683

Re: Can I afford this 2.3 million dollar home?

Op didn't disclose profession, but my guess is that he is probably a neurosurgeon, or a orthopedic surgeon with a spine fellowship. Starting salaries for neurosurgeons straight out of residency training is in the realm of 700-800k as employed positions, and it isn't unheard of to be in the 1M+ rang...
by mac808
Sat May 18, 2019 12:07 am
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 11636

Re: If you are already wealthy, what keeps you motivated?

I was motivated by money until my passive income hit a few hundred K annual. After that, it’s usually about ego. In my experience, the smaller your ego the more likely you are to retire young and take it easy.
by mac808
Sun Apr 07, 2019 2:44 am
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 92
Views: 6501

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

I was an active angel investor in early stage tech startups between 2010-2015. I was in somewhat of a unique position to see a large amount of interesting deal flow. Collectively the remaining startups that haven't gone bust or been acquired is about 25% of my net worth today, half of that being rep...
by mac808
Mon Feb 04, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 517
Views: 36416

Re: Larry Swedroe: 3% is the new 4%

I now have satisfied the 4% rule. It seems that we need to work on the 3% rule. In a few years, I am afraid that someone will be talking about a 2% rule. We can work until we are dead, which does not need any rule. Even though I am a perennial member of the OMY club I am somewhere between terrified...
by mac808
Mon Feb 04, 2019 2:08 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 517
Views: 36416

Re: Larry Swedroe: 3% is the new 4%

The main reason I worry about future returns being worse than expected relative to past performance is population growth, which is slowly considerably in all first and second world countries around the world. Productivity will continue to increase thanks to tech and automation, but nobody is really ...
by mac808
Thu Jan 31, 2019 1:38 am
Forum: Personal Investments
Topic: Lawyer looking for retirement strategy, etc. advice
Replies: 15
Views: 1605

Re: Lawyer looking for retirement strategy, etc. advice

Savings seems a little light relative to implied expenses (saving just $50k pre-tax on $250k annual salary?), unless the bulk has been going to kids educations which would cease prior to 62. Property taxes are high in NH I believe - on the primary home and vacation home together, they could be appro...
by mac808
Sat Jan 26, 2019 2:07 am
Forum: Personal Finance (Not Investing)
Topic: Need advice coming out of bad situation
Replies: 49
Views: 4042

Re: Need advice coming out of bad situation

Your salary is really low for an ambitious, hard working engineer 6+ years out of a top university (assuming you mean top 10-15). Usually the "ceilings" we see are perceived, not real; in other words, there are always ways to get creative and increase income. If I were you, I'd focus your energy in ...
by mac808
Thu Jan 10, 2019 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Unlimited 2% Cash back
Replies: 38
Views: 2472

Re: Fidelity Unlimited 2% Cash back

Fidelity outsources administration of the actual credit card to a separate firm. I've had a series of terrible (very un-Fidelity-like) customer service experiences as a result. I switched to the BOA cash back card instead.
by mac808
Wed Jan 09, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7603

Re: Is buying a $700K first home crazy?

Your question comes down 100% to stability of income. If you are two pediatricians, then you're more than fine. If you are two marketing professionals who perceive strong job security because you work for a stable company - things can change fast. Just be very honest with yourselves about that.
by mac808
Mon Oct 15, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 43
Views: 4183

Re: Corporate politics/culture

Part of the value of a good CEO is their personal network of other executives whom they can recruit to come work for them. Expect 50% of current senior level executives to be replaced within 12 months, and then it will have a trickle down effect from there, with the new C levels and SVPs replacing t...
by mac808
Sun Sep 02, 2018 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Cost of car ownership: 6.5 years of data in the SF bay area
Replies: 44
Views: 5351

Re: Cost of car ownership: 6.5 years of data in the SF bay area

So in cost per mileage terms, seems you were right around 50 cents per mile.

If rideshare was at this price or lower, would you give up car ownership and exclusively use their services instead?
by mac808
Wed Aug 22, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or hold for housing crash in Bay Area CA
Replies: 27
Views: 3617

Re: To buy or hold for housing crash in Bay Area CA

Predictions are very difficult, especially about the future, and especially about real estate in California.

That said, unless you need more space urgently, I would consider waiting another 12 months until the full implications of SALT deduction caps are realized.
by mac808
Tue Aug 14, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 92
Views: 10256

Re: Can we afford to stay in HCOL area?

I'm active in these HCOL markets. The slowdown is real, and is affecting both east and west coast. I think it's due to the delayed onset of tax reform, specifically the SALT deduction cap, which amounted to an effective net tax hike on these $350k-$750k HHI families in high income and property tax s...
by mac808
Tue Jul 24, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Are laminate floors better-wearing than real hardwood?
Replies: 36
Views: 2996

Re: Are laminate floors better-wearing than real hardwood?

Is wood laminate safer these days? I remember a lot of issues around formaldehyde and other chemicals, which peaked with the lumber liquidators recall, but could persist at lower levels.
by mac808
Tue Jun 26, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 9397

Re: Pre nups.

Scary stuff. Law requires me to insure my $25k vehicle. Even if you're 30 you don't have to be a BH to have 100k before marriage in your 401k that could grow to $400k 12-15 years down the line (forget other assets for a moment), seems only practical to insure that $300k gain (and a host of other as...
by mac808
Sun Jun 24, 2018 11:13 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 13524

Re: When did you start flying business class?

As someone else said it is about opportunity cost: if I offered you $8,000 to sit in a chair for 10 hours and read a book, would you do it? This is why I can’t bring myself to book paid first even though the cost would be within personal budget. I use corporate travel, upgrade certificates, and mil...
by mac808
Sun Jun 24, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 482
Views: 51829

Re: What is/ was your career and would you recommend it now?

Custom home builder, started my company in 1974 at age 23 with $5,000, no experience, no investors, non-working wife and small child. 1st 25 years I had good and bad (some really bad) and mostly average years. The last 20 years have been good, some have been great. Really great as far as income. I ...
by mac808
Sun Jun 17, 2018 10:49 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 317
Views: 36731

Re: Concierge medicine Worth It????

Since I have several of my MDs cell numbers and emails, I COULD contact them on nights or weekends but have only sent a text once early Saturday morning just before leaving on a trip, upon realizing I was low on one of my Rx and would run out while traveling. He gave me a new Rx but did razz me abo...
by mac808
Sat Jun 16, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 317
Views: 36731

Re: Concierge medicine Worth It????

Single payer is really the only way to go. Sure, it has its problems, but they are dwarfed by the enormous waste of money that winds up in the pockets of the insurance and pharmaceutical companies with the current system. Concierge vs. non-concierge is just trying to put a bandaid on a fracture. Si...
by mac808
Fri Jun 08, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: My Pension is Really Valuable
Replies: 13
Views: 2566

Re: My Pension is Really Valuable

No. A govt pension in my state is treated as property under the constitution that cannot be taken. Govt would have to "go after yours" first via tax/fee as they always have to meet their obligation. We have paid our part (7.5%) and also get no COLA after retirement as is not the case in several oth...
by mac808
Fri Jun 01, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Just bought condo; crazy to take out HELOC to buy a parking spot?
Replies: 28
Views: 3206

Re: Just bought condo; crazy to take out HELOC to buy a parking spot?

From what I've seen, the odds of being able to HELOC within 6 months of closing are low. You'd likely need to line up alternate financing.
by mac808
Thu May 31, 2018 6:25 pm
Forum: Personal Investments
Topic: Pending Layoff / Can I retire?
Replies: 31
Views: 4906

Re: Pending Layoff / Can I retire?

You seem convinced a market correction is near. Maybe it is, maybe it isn't. If it is, remember that even though you are cash-rich you also have some downside exposure: how would you feel if the value of your $3.3m in equities & rental property fell by 50%? Your net worth could drop by $1.5m and the...
by mac808
Sun May 27, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 14135

Re: Helping Adult Children (but not too much)

-The top 10-20% of your kids will do better financially than I ever could, because they leveraged your help. I went the academia route, where some of them took on parental capital and living expense support to start companies, where they had 7- or 8-figure exits or more. Some got fancy MBAs or law ...
by mac808
Sun May 27, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 14135

Re: Helping Adult Children (but not too much)

It is good to have perspective and I appreciate yours. You may enjoy this article: https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/ We will leave the majority of our estate to charity. Wildebeest, I have a genuine question for you: what obligation...
by mac808
Sun May 27, 2018 4:25 am
Forum: Personal Finance (Not Investing)
Topic: Leave career (fortune 200) and join the peace corps?
Replies: 29
Views: 3770

Re: Leave career (fortune 200) and join the peace corps?

Managing a 25m P&L at $76k base? If true, you're one of the most underpaid managers I've ever seen. Doesn't seem like you have much to lose.
by mac808
Wed May 16, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 14631

Re: New(ish) attending physicians in the Bay Area: Housing

You can afford the mortgage on 1.5-2.5 M house, but once you buy, stop reading blogs about super early FI and ‘I paid off my mortage’and be okay with that despite your salary being higher than these folks. This jumped out at me as especially good advice. Part of the mental struggle here might be re...
by mac808
Tue May 15, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 14631

Re: New(ish) attending physicians in the Bay Area: Housing

You might get lucky like we did and experience a steady rise in the market. I'll acknowledge that anything is possible, but I just don't see how there's much appreciation potential left. The median house is already priced for two working professionals with extremely high incomes, no job loss, rock ...
by mac808
Tue May 15, 2018 9:27 am
Forum: US Chapters
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 13172

Re: Yes, I'm 89 all right!

Happy Birthday Mr. Bogle and thanks for all you have done, and continue to do.
by mac808
Sun May 06, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: HSA logistics for common law marriage.
Replies: 12
Views: 1027

Re: HSA logistics for common law marriage.

In some states common law marriage takes affect without any legal paperwork being done. For example one only needs to say they are married and therefor common law marriage applies. For this exercise let's just assume domestic partners to eliminate any chance of confusion. There is no official paper...
by mac808
Sun May 06, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 7356

Re: Comparing 2 physician jobs

Beyond that is unlikely given complexities regarding the Stark law and fair market value for compensation to physicians who are paid more than they bring in. I'm familiar with Stark laws and know a lot of physicians who earn more than they bring in, notably a couple sub-specialty surgeons who are t...
by mac808
Sun May 06, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: HSA logistics for common law marriage.
Replies: 12
Views: 1027

Re: HSA logistics for common law marriage.

Here is the scenario: Couple in common law marriage only. Filing taxes as single since US government does not recognize common law marriage. Back up for a moment. When and in what state was the common law marriage established? In almost all cases, the Feds will recognize a common law marriage if a ...
by mac808
Sat May 05, 2018 4:57 pm
Forum: Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 20852

Re: Ed. Jones rep didn't like our plan, now we're locked out

https://www.edwardjones.com/images/ETY-1714E-A-MA.pdf Wow. I didn't think that kind of fee schedule still existed anywhere. Holy cow. That is obscene. I'm almost afraid to ask this but does this mean that a single executed buy or sell order in an account worth >$100k costs a minimum of $705 in comm...
by mac808
Thu May 03, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor selling a practice
Replies: 23
Views: 3226

Re: Doctor selling a practice

I'm more familiar with medical practices than dental practices but there are some similarities. The norm is that good employees are retained but pay and benefits are reduced to help pay off debt used to acquire the practice. That said, I've seen all kinds of outcomes and much depends on the type of ...
by mac808
Thu May 03, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor selling a practice
Replies: 23
Views: 3226

Re: Doctor selling a practice

Unless she has something in writing, there are no guarantees when practices are sold. Besides that, what if the new owners are total jerks and it becomes a toxic work environment? Seems advisable for her to start preparing for a range of "what if" outcomes. Audited financials are part of most busine...
by mac808
Sun Apr 29, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Denial- How to Proceed?
Replies: 12
Views: 2114

Re: Medicare Denial- How to Proceed?

First, don't be too hard on the doctor - they aren't paid extra for the appeal and it can be extremely time consuming, not to mention frustrating. If they appealed every denial, they would go out of business. Second, for all those reading this thread - this is the future of medicaid/medicare for man...
by mac808
Thu Apr 19, 2018 11:48 am
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 6009

Re: Another discussion about private vs public schools?

I get this, but I always come up against the notion of how else do you make a fair comparison amongst disparate entities without having a standard to measure against? Sure, I can probably suss out whether English teacher A is better or worse than English teacher B in my town, but how does the state...