Search found 647 matches

by ks289
Wed Mar 25, 2020 1:54 pm
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 14863

Re: Why not stand on the sidelines for a little while?

If OP believes this crisis will result in a "L" shape recovery and we are far away from the bottom, then I don't see anything wrong with "standing on the sidelines for a while" stance. Plenty of analysts/economists think there is a likelihood of L shape recovery, not "V&quo...
by ks289
Wed Mar 25, 2020 12:25 pm
Forum: Personal Investments
Topic: Am I timing the market?
Replies: 34
Views: 1878

Re: Am I timing the market

I’ve changed my new contributions from 100% bonds to 100% stocks, but I’m still half a million short of restoring 54:46 so I’m selling a crap load of bonds also. Is the only reason your switching to 100% bonds because your AA has changed? yes- AA changed and needed major stock purchases to restore ...
by ks289
Tue Mar 24, 2020 4:54 am
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7529

Re: Should I have seen this coming?

https://live.staticflickr.com/4715/39458149664_940b138dfd_z.jpg Were it a FACT that buying low and selling high NEVER worked, it wouldn't be so tempting. The problem is buying low and selling high does SOMETIMES work. It is a SCARE TACTIC to claim it never does, and Bogleheads who won't admit it wi...
by ks289
Mon Mar 23, 2020 5:52 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122165

Re: Well, I am market timing due to coronavirus... Wish me luck.

Here’s why I don’t market time. I’m quite certain I have no clue about the future of the markets, even while working in healthcare during this coronavirus pandemic. It is incredibly difficult for me to translate forthcoming hospital shortages of personal protective equipments and ventilators and in...
by ks289
Sun Mar 22, 2020 12:13 pm
Forum: Personal Investments
Topic: Am I timing the market?
Replies: 34
Views: 1878

Re: Am I timing the market

If you truly believe that stocks are currently on sale, then temporarily increasing your contributions is not a problem, regardless as to what label someone wants to slap on it. In general, few BHs will sling mud at someone who is increasing their saving rate. The bogleheads investment philosophy c...
by ks289
Sun Mar 22, 2020 11:55 am
Forum: Personal Investments
Topic: Am I timing the market?
Replies: 34
Views: 1878

Re: Am I timing the market

Who cares whether it's timing or not? I'm dead serious. A good point. Though I’m associating market timing with a negative investment action. So my OP might be better asking if the idea of putting more money into stocks (one chunk in the coming days) is a positive action or would the BHs recommend ...
by ks289
Sun Mar 22, 2020 11:43 am
Forum: Personal Investments
Topic: Am I timing the market?
Replies: 34
Views: 1878

Re: Am I timing the market

Who cares whether it's timing or not? I'm dead serious. A good point. Though I’m associating market timing with a negative investment action. So my OP might be better asking if the idea of putting more money into stocks (one chunk in the coming days) is a positive action or would the BHs recommend ...
by ks289
Sun Mar 22, 2020 7:16 am
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122165

Re: Well, I am market timing due to coronavirus... Wish me luck.

Here’s why I don’t market time. I’m quite certain I have no clue about the future of the markets, even while working in healthcare during this coronavirus pandemic. It is incredibly difficult for me to translate forthcoming hospital shortages of personal protective equipments and ventilators and int...
by ks289
Sat Mar 21, 2020 3:52 pm
Forum: Investing - Theory, News & General
Topic: Why do people keep saying you have to be right twice?
Replies: 213
Views: 7917

Re: Why do people keep saying you have to be right twice?

100% correct that you only have to be right once -assuming you avoid a big loss you don’t have to buy back at the absolute bottom to come out ahead (after capital gains taxes). However, the clear difficulty is that being right ONCE is difficult. More often you’ll be wrong about the tops and bottoms....
by ks289
Sat Mar 21, 2020 9:55 am
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122165

Re: Well, I am market timing due to coronavirus... Wish me luck.

No one knew it would be this bad, In 2003 we experienced SARS in China,and the SP 500 was up 29%, No one knew that this Corona Virus would spread so rapidly Wrong. I knew, many others knew. Anyone who was following statistics, infected rate, gov response in China and leaked videos knew in January a...
by ks289
Sat Mar 21, 2020 9:06 am
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122165

Re: Well, I am market timing due to coronavirus... Wish me luck.

OP did the smart thing. Same thing I should have done if not listened to Boglehead brainless dogma. This time it actually was 100% (not 99%, 100%) clear what was going to happen once cases outside China started popping up and China went full lockdown. It's not brainless. It's good advice the vast, ...
by ks289
Thu Mar 19, 2020 10:02 am
Forum: Non-US Investing
Topic: Over rebalancing
Replies: 25
Views: 1992

Re: Over rebalancing

Scary/risky idea to overbalance but some experts like William Bernstein have discussed this. Intuitively it makes perfect sense that your (LONG TERM) future returns are higher with any strategy that increases your stock %. I'm not sure I have the stomach for the added risk during times like this. ht...
by ks289
Thu Mar 19, 2020 6:18 am
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122165

Re: Well, I am market timing due to coronavirus... Wish me luck.

Bit of a role reversal going on here :) I'm just wondering where all these fellow market timers were when I was getting booed off the stage 2 months ago. :wink: But wow seems like I was just one of dozens who cashed out before the drop and they all went even further than I did. I wonder why none me...
by ks289
Sun Sep 08, 2019 7:06 am
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 7920

Re: Mensa membership

Mensa is not really all that exclusive anyway. Top 2% (or one in fifty people) is an equivalent of ACT 33 or SAT 1500. That is below average at many top universities. If you have to join somewhere really snobby, the Triple Nine Society accepts top 0.1%, so only one in 1,000 people (or one out of 20...
by ks289
Mon Jun 10, 2019 1:06 pm
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1842

Re: How to get good at a racket sport without coaching?

You are already good if not exceptional if you're pushing to that level. I'm not familiar with squash, but reaching 5.0 in tennis at age 42 would be truly phenomenal (attaining the level of a former Division 1 player in the top 125 now in their 40s). https://www.usta.com/content/dam/usta/pdfs/10013_...
by ks289
Sat Jun 01, 2019 2:06 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 43926

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

Physician (gastroenterology) - 3 years medicine residency, 3 years fellowship My income has ranged $500-600K for the last 9 years depending on productivity and vacation. Wife is also physician. Work an average of 50 hours a week with 6-8 weeks of call a year (which may average out to another 20 hour...
by ks289
Mon May 27, 2019 6:43 am
Forum: Personal Consumer Issues
Topic: is A in accelerated better than B in honors for undergrad application.
Replies: 22
Views: 1917

Re: is A in accelerated better than B in honors for undergrad application.

The point scale you’ve presented gives clear values for the grades at the different levels. An A in accelerated is worth 4.25 vs B in Honors is worth 4. This suggests what other posters have stated that a B is likely below average in many classes. It is clear that given the choice between these two ...
by ks289
Thu May 23, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 21677

Re: Very High Net Worth, elite private or “good” public

You think every kid, to be successful, needs to do aix hours a week of extra academics outside of school as a GRADE SCHOOLER? No. Just no. If the school offered a language, would do that. But elite elementary does not, so we provide it. Math sucks too, 1700 kids in her first after school math progr...
by ks289
Thu May 23, 2019 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 21677

Re: Very High Net Worth, elite private or “good” public

We do pay for additional enrichment - about four hours a week of high quality math instruction, two hours a week of Mandarin language training, plus some non-academic stuff such as gymnastics and martial arts. I also personally tutor her in random programming languages on occasion and in Chess. Pub...
by ks289
Thu May 23, 2019 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 21677

Re: Very High Net Worth, elite private or “good” public

We do pay for additional enrichment - about four hours a week of high quality math instruction, two hours a week of Mandarin language training, plus some non-academic stuff such as gymnastics and martial arts. I also personally tutor her in random programming languages on occasion and in Chess. Pub...
by ks289
Wed May 22, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 21677

Re: Very High Net Worth, elite private or “good” public

- research shows that there is little difference in going public vs private in life salary outcomes (when you control for everything else) This was one of my big reasons of us doing public. IF private can guarantee better pre college education or better test scores or better college acceptances or ...
by ks289
Tue May 21, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 21677

Re: Very High Net Worth, elite private or “good” public

- research shows that there is little difference in going public vs private in life salary outcomes (when you control for everything else) This was one of my big reasons of us doing public. IF private can guarantee better pre college education or better test scores or better college acceptances or ...
by ks289
Sun May 19, 2019 9:08 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6738

Re: Guidance on choosing between UMich and Brown

Specifically about the joint CS - economics concentration, it sounds somewhat rigorous for B.S. (or ScB as Brown calls it) with 20 required courses vs 16 for the B.A. (or AB at Brown). This is made more palatable by the Open Curriculum (complete absence of non-major requirements) and lenient gradin...
by ks289
Sun May 19, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6738

Re: Guidance on choosing between UMich and Brown

Please see note from my son regarding his college choices and share your thoughts (once more). This is pursuant to the previous post (link below), which was pivotal in helping him make his choice at that time. He was waitlisted at Brown at the time. https://www.bogleheads.org/forum/viewtopic.php?f=...
by ks289
Sun May 19, 2019 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 21677

Re: High net worth, elite private or “good” public

Be very careful about hidden costs of forced donations. Its mostly with top 10 boarding schools but has trickled down into many day schools. It usually requires an additional 25-50k a year in donations depending on the school. They get you 2 ways. One, if you have a sibling they will not allow that...
by ks289
Sat May 18, 2019 5:43 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 21677

Re: High net worth, elite private or “good” public

The individualized attention, course and activity offerings, and academic rigor of the private school need to be clearly superior in order to be worth the money and hassle of changing schools. It sounds like this school would meet those requirements. Be sure that’s the kind of place which would fit ...
by ks289
Sat May 11, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 234
Views: 15046

Re: College Expenses

For medical school admissions I agree that undergraduate GPA matters a great deal (probably more than the reputation/ranking of the undergraduate school), but what is missing from the analysis above is the fact that the average GPA at Harvard is 3.65 vs. Ohio State 3.17. This may reflect different ...
by ks289
Fri May 10, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 234
Views: 15046

Re: College Expenses

My son's high school NMF had a full-ride scholarship to study at the University of Virginia. Her parent (my co-worker) took a student loan and send her to Northwestern instead. If the odds of getting into med school are improved by getting the undergrad degree from Northwestern, that is a reasonabl...
by ks289
Mon Mar 11, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Are academic enrichment courses for school age kids worth it
Replies: 61
Views: 3725

Re: Are academic enrichment courses for school age kids worth it

There are no easy answers here since kids have such different strengths and weaknesses. I share your concerns about pushing your kids to excel, since your kids may resist (a lot) which may be counterproductive for many reasons (resentment, stress/anxiety, etc). There isn't always a clear boundary fo...
by ks289
Tue Aug 07, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 17890

Re: Will you pay for your kids' college/graduate education?

Both my wife and I had parents who supported our education. Neither of us did any jobs while getting an education. My daughter graduated from high school in 2010 and it is anticipated that by June 2019 she will have BSc, MD, MPH degrees and will start a medical residency and then support herself. W...
by ks289
Tue Aug 07, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 17890

Re: Will you pay for your kids' college/graduate education?

So you accept that beginning at a CC to save money does not impact one's ability to get into medical school, therefore, your point is what? My point is that doing 2 years of CC alone because that is what you can afford to send your kid vs. paying (which you may not be able to) for additional 2 year...
by ks289
Tue Aug 07, 2018 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 17890

Re: Will you pay for your kids' college/graduate education?

Huh? The only physician in my extended family, a cousin, attended a CC before transferring to a little known State U...and graduating with a degree in "liberal studies". He's now a gastroenterologist. Of the 3 members of my staff that left in the past year to attend medical school, one of...
by ks289
Sun Jul 29, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Dual language vs Traditional Public School
Replies: 23
Views: 1571

Re: Dual language vs Traditional Public School

The benefits of being bilingual outstrip anything a translator can do. Bilingual individuals tend to have more advanced verbal abilities than their monolingual peers, as well as being better problem solvers and decision makers. This is a very interesting assertion since I am monolingual. I do not d...
by ks289
Mon Jul 23, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 19270

Re: New book based on Millionaire Next Door

My parents were convinced that if you were a doctor you wouldn't have any money problems and that's just not true. :thumbsup Absolutely. It comes from the mindset that income equals wealth, but that's just plain wrong on several levels. We have a friend who's a gastroenterologist in his mid-30s. Wi...
by ks289
Sat Jun 16, 2018 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Job in MA, live in MA, RI, or CT?
Replies: 67
Views: 3816

Re: Job in MA, live in MA, RI, or CT?

Like I don't wish to pay taxes. Live in New Hampshire then and commute down 495. NH property taxes are actually the highest of the bunch Yep, and the lack of income tax will be no benefit because Mass will tax you as a non resident employee. Worst of all worlds. Contrary to reputation, Mass is actu...
by ks289
Sat Jun 16, 2018 5:41 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1320
Views: 173007

Re: How much money do you want to retire?

A typical suburban house with 2500 sqft and 4 bedrooms will have taxes around $12K in Bostom Metrowest area *WITH* good school system. I live about 40 miles from Boston and my taxes for that house are over $13K. The assessed price is around $700K. My RE portion had been always higher than PI since ...
by ks289
Mon Jun 11, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: How much to invest in elementary education?
Replies: 37
Views: 3202

Re: How much to invest in elementary education?

I attended public school but both my children are going to a private elementary school. I am also on that schools school board. My observations are this: Private school tends to attract parents who want the best for their children and they tend to be more involved with their child's education as a ...
by ks289
Sun Jun 10, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 4409

Re: Bogleheads' College Philosophy question

Excellent advice above from other posters about minimizing college costs. If loans are necessary, be aware of loan forgiveness programs which may be available to certain professions (teachers, healthcare professionals, etc) and with certain employers (government, 501c3 organizations). https://studen...
by ks289
Wed Jun 06, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 21641

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

https://www.brookings.edu/articles/who-needs-harvard/ Pretty comprehensive review of my personal thoughts on the matter. IMO, the most pertinent statement: "The Gotta-Get-Ins can no longer claim to be the more or less exclusive gatekeepers to graduate school. Once, it was assumed that an elite...
by ks289
Tue Jun 05, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 21641

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

The topic of attending highly selective colleges vs less selective colleges is understandably controversial and influenced by personal biases. However, I haven't seen anybody post the opinion that talented individuals CANNOT be successful attending a lesser school, but somehow this seems to be the s...
by ks289
Sat Jun 02, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 21641

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Your son is an extreme outlier, even among Yale graduates, of which I work with many. Perhaps, but many of his friend group are doing very well after graduation. Even the “less ambitious/successful” of his classmates have a reasonable ROI. And the overwhelming majority of my IVY (and Oxford and NYU...
by ks289
Mon May 21, 2018 2:47 am
Forum: Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1713

Re: Please help me rationalise this 401k investment choice

Maybe I'm missing something from your 401K options. Here's what I saw on your list: There are some funds that seem to have better performance than the typical Boglehead Index fund, BUT once you calculate the added fees COMPOUNDED, the performance is below the Index funds. I looked at 5 year, 10 yea...
by ks289
Thu May 17, 2018 4:41 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 8507

Re: Would you send your children to private school in my situation?

I'm not sure why many people on this thread throw out the money factor in this debate. With two children, each costing 20k per year, that's 40k per year for private school. Right now we're saving about 400-500k per year. Although we can spend 40K on private school, it would still eat into 10% of ou...
by ks289
Wed May 09, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 8314

Re: Comparing 2 physician jobs

I believe that working in the private practice allows more autonomy which is very valuable. If you like the partners in the private pracice group, and the practice has a history of low physician turnover, your chances for staying in the group are very good if you do a good job. The protocol for no ...
by ks289
Sun May 06, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 8314

Re: Comparing 2 physician jobs

I chose something akin to option 2 years ago (private practice, lower starting salary, good fit with partners). The questions and concerns I would have about option 1 include: 1. Lack of opportunities for SO 2. More call/ER coverage (you didn’t mention if there were any others in practice in the are...
by ks289
Sun May 06, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor selling a practice
Replies: 23
Views: 3657

Re: Doctor selling a practice

The staff of a practice are typically a significant part of the value of a practice, and full retention is not uncommon. The value of the practice to the buyer from an asset based approach (as opposed to a market approach) can be broken down by tangible (hard assets) and intangible assets (replaceme...
by ks289
Sun May 06, 2018 1:48 pm
Forum: Personal Investments
Topic: Start 529 Plan?
Replies: 45
Views: 3338

Re: Start 529 Plan?

One question here. Is your statement about tax benefits just about the Illinois benefits at time or contribution or also about distribution time? Assuming my kid goes to college aren't the distributions tax free saving me money on the earnings. Doesn't this make the 529 worth it? aaja, I am answeri...
by ks289
Mon Apr 23, 2018 7:06 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 50318

Re: KF's simple rules to achieve FI

I agree with KF's rules for the most part. However, I do think that being conservative is wise but has a cost as well. The idea of cash flowing college expenses has clear advantages over 529 in one main respect: flexibility. This allows money to be available for other purposes for whatever reason (j...
by ks289
Wed Apr 11, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being unreasonable? [Send daughter to private kindergarten]
Replies: 70
Views: 5242

Re: Am I being unreasonable?

I know that one data point does not mean anything. But this is our story. Daughter went to public school. She was the top student in the state (State AP scholar). This includes all private schools in the state. She got a scholarship to attend Medical school. However at the present time I am paying ...
by ks289
Wed Apr 11, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 20331

Re: Ivy school education. Is it worth i

Citation most definitely needed. Unless you count being born into the right family a superior talent, in which case I would agree. I don't have a citation handy. My comment is based on reading Stanford magazine when my daughter was studying there and marveling at how multi-talented the students wer...