Search found 3478 matches

by am
Sun Sep 13, 2020 6:06 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

...Coinbase is as safe as it gets. From their site: “Coinbase maintains 98% or more of customer digital currency in cold storage, with the remainder in secure online servers as necessary to serve the liquidity needs of our customers.” “Coinbase maintains commercial criminal insurance in an aggregat...
by am
Sun Sep 13, 2020 3:50 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

You think coinbase is like mt gox but you use it because its easy? Lmao. In ten minutes you could transfer your holdings to cold storage and be the only one responsible. Prob best to make two copies and store different places if you do. But sounds like your happy feeling unsecure at coinbase. Which...
by am
Sun Sep 13, 2020 8:07 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

GBTC has an AUM of 2% BTCW has an AUM of 0.95% We tend to frown upon high AUM fees around here. Unless you are willing to take some risk and own bitcoin directly, there aren't many alternatives yet. Coinbase is not risky. It’s holdings are mainly offline, insured, soon to go public and has a relati...
by am
Sun Sep 13, 2020 7:30 am
Forum: Investing - Theory, News & General
Topic: Reasons to invest internationally, or not.
Replies: 169
Views: 8862

Re: Reasons to invest internationally, or not.

This has been discussed ad nauseum. No one knows what’s right. But I can assure you that when international starts to outperform, we’ll see all kinds of threads about going 100% international, overweighting emerging markets, Lowering US because of high valuations etc. 👍 yup Very possibly. But those...
by am
Sat Sep 12, 2020 8:06 pm
Forum: Personal Investments
Topic: Fidelity Bitcoin Index Fund
Replies: 71
Views: 6074

Re: Fidelity Bitcoin Index Fund

Sure, but you lower the chances of being rewarded when you invest in things like bitcoin that have no mechanism for estimating fair value. “Fair value” is not predictive of future returns. Stocks are overvalued according to multiple metrics. So what? I’m still investing because they’re better then ...
by am
Sat Sep 12, 2020 7:44 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

GBTC has an AUM of 2% BTCW has an AUM of 0.95% We tend to frown upon high AUM fees around here. Unless you are willing to take some risk and own bitcoin directly, there aren't many alternatives yet. Coinbase is not risky. It’s holdings are mainly offline, insured, soon to go public and has a relati...
by am
Sat Sep 12, 2020 7:37 pm
Forum: Personal Investments
Topic: Fidelity Bitcoin Index Fund
Replies: 71
Views: 6074

Re: Fidelity Bitcoin Index Fund

Isn't any asset only worth what someone is willing to give you in exchange for it? No. Some assets like residential real estate provide you with a place to live independently of what its market value may be. Stocks and bonds are claims on assets (if any) of the issuer. Would it make you feel better...
by am
Sat Sep 12, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Near number but not at retirement age
Replies: 36
Views: 3001

Re: Near number but not at retirement age

I think retiring from being an MD is different than most other fields. The sunk costs of years of training and delayed gratification, the emotional identification with the profession, the prestige, the altruistic satisfaction of much of the work. It's just much harder than leaving a corporate job. ...
by am
Sat Sep 12, 2020 7:30 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 128
Views: 11488

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

How does the 3x long bonds component TMF work when interests rates are so close to 0? In the past, this has contributed to those awesome returns but how about now? Seems to me like there is not much left.
by am
Sat Sep 12, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Near number but not at retirement age
Replies: 36
Views: 3001

Re: Near number but not at retirement age

OP, are you a MD? I am just curious as how you plan to work less? I haven't seen a lot of part time jobs out there unless you are in certain specialities like ER or anesthesia. I am a surgeon. I don't know any part-timer in my specialty. I am in my mid-40's. I am pretty close to FI but I don't thin...
by am
Sat Sep 12, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Near number but not at retirement age
Replies: 36
Views: 3001

Re: Near number but not at retirement age

... I have a pension at 62 which would provide health coverage for life... Read this to make sure it's protected before staking your future on the retiree health coverage. https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/can-the-retiree-health-benef...
by am
Sat Sep 12, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Near number but not at retirement age
Replies: 36
Views: 3001

Re: Near number but not at retirement age

Mid 40s with retirement portfolio approaching low end of my goal (about 74% there) which would provide low 6 figure yearly income at retirement with sub 4% withdrawal rate. More than half the funds are in accounts which aren’t available until 59. I have a pension at 62 which would provide health co...
by am
Sat Sep 12, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Near number but not at retirement age
Replies: 36
Views: 3001

Re: Near number but not at retirement age

My full time job is stressful and taking a toll. Would love to cut back but have reservations. Can you cut the stress back at the current job or is it not the kind of profession where that is possible? When I approached my number, I began creating more firm boundaries around what kind of stress I w...
by am
Sat Sep 12, 2020 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Near number but not at retirement age
Replies: 36
Views: 3001

Re: Near number but not at retirement age

Mid 40s with retirement portfolio approaching low end of my goal (about 74% there) which would provide low 6 figure yearly income at retirement with sub 4% withdrawal rate. More than half the funds are in accounts which aren’t available until 59. I have a pension at 62 which would provide health co...
by am
Sat Sep 12, 2020 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Near number but not at retirement age
Replies: 36
Views: 3001

Near number but not at retirement age

Mid 40s with retirement portfolio approaching low end of my goal (about 74% there) which would provide low 6 figure yearly income at retirement with sub 4% withdrawal rate. More than half the funds are in accounts which aren’t available until 59. I have a pension at 62 which would provide health cov...
by am
Sat Sep 12, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Reasons to invest internationally, or not.
Replies: 169
Views: 8862

Re: Reasons to invest internationally, or not.

This has been discussed ad nauseum. No one knows what’s right. But I can assure you that when international starts to outperform, we’ll see all kinds of threads about going 100% international, overweighting emerging markets, Lowering US because of high valuations etc.
by am
Fri Sep 11, 2020 8:27 am
Forum: Personal Investments
Topic: Fidelity Bitcoin Index Fund
Replies: 71
Views: 6074

Re: Fidelity Bitcoin Index Fund

Here's my thought. I would ask myself this key question: Do I need bitcoin in my portfolio? For every asset class, one must be clear about what role it plays in the portfolio. I can only think of one non-speculating purpose of bitcoin: Protection against massive financial collapse, similar to the p...
by am
Tue Sep 08, 2020 8:03 am
Forum: Personal Investments
Topic: A Low-Cost Diversified Emergency Fund Strategy
Replies: 16
Views: 1048

Re: A Low-Cost Diversified Emergency Fund Strategy

These are all assets that fluctuate in value. Maybe have 25% more than you need in case you need the money and the markets are all depressed.
by am
Mon Sep 07, 2020 9:34 pm
Forum: Personal Investments
Topic: Moderna
Replies: 45
Views: 4984

Re: Moderna

I don't buy or sell individual stocks. This is a forum devoted to "investing advice inspired by Jack Bogle" and he was dedicated to total stock market indexing. I don't know if this means anything or not and I haven't been following this closely. But a screaming headline did catch my eye. Referenci...
by am
Sun Sep 06, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

Have the employer doing payroll deduct the agree-upon amount from your salary and pay that same amount to the other doc doing your shift for the next pay period. When it runs through payroll all the FICA, state, and any applicable Medicare taxes are automatically applied. It takes less than a minut...
by am
Sun Sep 06, 2020 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

This is relatively common in my group. I've been on the other end of the arrangement. My colleague sent me money via Venmo, and I claimed it as income on my tax return. That was the end of it. Thanks you definitely get it! :D Not sure why others above don’t and envision all types of nightmare scena...
by am
Sat Sep 05, 2020 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

Physicians employed by the organization are typically salaried “employees”. I assume the person taking your “shift” is essentially a peer colleague within the organization with the same benefits. I assume that you both earn more than the social security max per year. I think this is a reasonable an...
by am
Sat Sep 05, 2020 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

I agree with all others that it makes me uncomfortable and ... has ... for 30+ years. I have seen this happen with employed physicians at multiple institutions. I assume that the person who you will be paying also works for the same employer. This is how the credentialing thing is avoided. Observat...
by am
Sat Sep 05, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

I agree with all others that it makes me uncomfortable and ... has ... for 30+ years. I have seen this happen with employed physicians at multiple institutions. I assume that the person who you will be paying also works for the same employer. This is how the credentialing thing is avoided. Observat...
by am
Sat Sep 05, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

I am an employed physician who would like to pay a colleague to work some of my scheduled shifts. This would occur throughout the year and amount to thousands of dollars in payments. This would be done without Hospital payroll involved. Is it legitimate to pay the colleague with cash or check? Do I...
by am
Sat Sep 05, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

A few things: If you were an independent contractor (paid on a 1099), from a tax perspective it would be pretty straightforward. You'd receive payment from the hospital, which would be income to your business, and then you would pay your replacement (cash or check is fine), which would be deductibl...
by am
Sat Sep 05, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

I'm a bit concerned about doing this without your employer involved. Do they know about it? Are you trying to keep it hidden? I've been a W-2 employee my whole career, and none of my employers would be happy if I paid someone else to work a day for me. If the employer paid, they probably would be r...
by am
Sat Sep 05, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

A few things: If you were an independent contractor (paid on a 1099), from a tax perspective it would be pretty straightforward. You'd receive payment from the hospital, which would be income to your business, and then you would pay your replacement (cash or check is fine), which would be deductibl...
by am
Sat Sep 05, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Re: Best way to pay for work shift

I am an employed physician who would like to pay a colleague to work some of my scheduled shifts. This would occur throughout the year and amount to thousands of dollars in payments. This would be done without Hospital payroll involved. Is it legitimate to pay the colleague with cash or check? Do I...
by am
Sat Sep 05, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2251

Best way to pay for work shift

I am an employed physician who would like to pay a colleague to work some of my scheduled shifts. This would occur throughout the year and amount to thousands of dollars in payments. This would be done without Hospital payroll involved. Is it legitimate to pay the colleague with cash or check? Do I ...
by am
Sun Aug 30, 2020 10:57 am
Forum: Personal Investments
Topic: Dump Bonds -- buy AAPL & TSLA split?
Replies: 131
Views: 10145

Re: Dump Bonds -- buy AAPL & TSLA split?

We currently sit on $250K in BND in one of our IRAs. As a completely out of character move, I am considering moving all of this into Apple and Tesla with tomorrow's split. We have already "won the game," so to speak, and this is more out of fascination than anything else (chasing performance perhap...
by am
Sun Aug 30, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

I wonder what the response would be in 10 years if the price is over 50k? Is there any point at which some on this forum would consider it for their portfolio? What are you talking about? This group would not even include it even if it went to 1 million and Vanguard said it was great addition to 60...
by am
Sun Aug 30, 2020 7:43 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

I wonder what the response would be in 10 years if the price is over 50k? Is there any point at which some on this forum would consider it for their portfolio?
by am
Sat Aug 29, 2020 4:20 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

imagine if the amount of gold was known...does discovering more platinum impact the scarcity of gold. that is what you are saying...that creating a new coin reduces the scarcity of another coin. Lots of different digital currencies do not decrease the scarcity of bitcoin....does creating new compan...
by am
Sat Aug 29, 2020 1:36 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

imagine if the amount of gold was known...does discovering more platinum impact the scarcity of gold. that is what you are saying...that creating a new coin reduces the scarcity of another coin. Lots of different digital currencies do not decrease the scarcity of bitcoin....does creating new compan...
by am
Sat Aug 29, 2020 12:25 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

There were threads on Bitcoin going back to 2011 here and I am astonished how these forum posters keep repeating the same line "scam" "worthless" even when it gone from 1$ to 11,000 USD. You would think they would have gotten more humble in their ramblings due to how wrong they got the out-come. I ...
by am
Sat Aug 29, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21619

Re: Winklevoss: The Case for $500,000 Bitcoin

There were threads on Bitcoin going back to 2011 here and I am astonished how these forum posters keep repeating the same line "scam" "worthless" even when it gone from 1$ to 11,000 USD. You would think they would have gotten more humble in their ramblings due to how wrong they got the out-come. I ...
by am
Sun Aug 23, 2020 9:00 pm
Forum: Investing - Theory, News & General
Topic: A Plea for Ordinary English
Replies: 128
Views: 9694

Re: A Plea for Ordinary English

All those fancy words don’t beat the 3 funder portfolio. :D
by am
Sun Aug 23, 2020 7:04 pm
Forum: Personal Investments
Topic: When is enough enough?
Replies: 73
Views: 6966

Re: When is enough enough?

I do encourage experiences. But I would still max workplace retirement accounts. Additionally I would look at ALL expenses and work to reduce them so you can go on bigger vacations with family. It looks to me like you are doing well, but don’t count your retirement nest eggs before they hatch. You ...
by am
Sun Aug 23, 2020 7:00 pm
Forum: Personal Investments
Topic: When is enough enough?
Replies: 73
Views: 6966

Re: When is enough enough?

You are onto something here. Two people I knew well worried a lot about how they would fund their retirements as they had left highly paid corporate jobs in their 40s to pursue modestly successful but modestly paying careers in the arts that they loved. Neither had any history of health issues in t...
by am
Sun Aug 23, 2020 5:20 pm
Forum: Personal Investments
Topic: When is enough enough?
Replies: 73
Views: 6966

Re: When is enough enough?

You’re doing fantastic, in terms of net worth and age. Take just what you have today, and project it out to see how much it will be when you retire. You might not need to save another penny ever. Since you’ve done such a good job, you do have lots of flexibility here. I’m in a similar situation. An...
by am
Sun Aug 23, 2020 5:00 pm
Forum: Personal Investments
Topic: When is enough enough?
Replies: 73
Views: 6966

Re: When is enough enough?

You’re doing fantastic, in terms of net worth and age. Take just what you have today, and project it out to see how much it will be when you retire. You might not need to save another penny ever. Since you’ve done such a good job, you do have lots of flexibility here. I’m in a similar situation. An...
by am
Sun Aug 23, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: A timely and equanimous article on gold
Replies: 78
Views: 5948

Re: A timely and equanimous article on gold

I don’t get why something has to be productive in order to make it a worthwhile investment? To make us feel good? Look at how international has performed. We are looking for uncorrelated positive returns and I do not care if it comes from stocks or quicksand as long as I get them when I need them. ...
by am
Sun Aug 23, 2020 1:54 pm
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 23417

Re: The 0.5% Rule (SWR)

You can be anyone you want to be when your posting on an anonymous forum. Or you can humble brag as is often done here. Plus, this is a very exclusive community of mostly those who have disposable income and are interested in finance and investing. Look at statistics and see that 1 mil in net worth...
by am
Sun Aug 23, 2020 1:01 pm
Forum: Investing - Theory, News & General
Topic: A timely and equanimous article on gold
Replies: 78
Views: 5948

Re: A timely and equanimous article on gold

I don’t get why something has to be productive in order to make it a worthwhile investment? To make us feel good? Look at how international has performed. We are looking for uncorrelated positive returns and I do not care if it comes from stocks or quicksand as long as I get them when I need them. ...
by am
Sun Aug 23, 2020 12:42 pm
Forum: Personal Investments
Topic: Single Stock (TSLA)
Replies: 22
Views: 2017

Re: Single Stock (TSLA)

Alot of hype about once in a lifetime stock Maybe for those that bought years ago when it was around $20 or $30. You're a little late. Let's say it somehow doubles again in a year. That's not once in a lifetime. Your not missing much anymore. What’s unfortunate is that bogleheads would talk you out...
by am
Sun Aug 23, 2020 10:53 am
Forum: Investing - Theory, News & General
Topic: A timely and equanimous article on gold
Replies: 78
Views: 5948

Re: A timely and equanimous article on gold

I don’t get why something has to be productive in order to make it a worthwhile investment? To make us feel good? Look at how international has performed. We are looking for uncorrelated positive returns and I do not care if it comes from stocks or quicksand as long as I get them when I need them. L...
by am
Sun Aug 23, 2020 10:51 am
Forum: Investing - Theory, News & General
Topic: Why not combine gold with other metal etfs?
Replies: 4
Views: 301

Re: Why not combine gold with other metal etfs?

Watty wrote: Sun Aug 23, 2020 10:33 am
am wrote: Sun Aug 23, 2020 8:23 am Backtesting a portfolio of 50% gold, 25% silver, 12.5% platinum, 12.5% palladium over last 5 years shows.....
Just looking at 5 year is meaningless.
Agree. Would be nice to see data over longer but I don’t have it. Plus gold returns before the 1970s are worthless.
by am
Sun Aug 23, 2020 9:14 am
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 23417

Re: The 0.5% Rule (SWR)

Before I discovered this forum I thought I was doing incredibly well, passed $1M mid 30's, and now I just realize I'm not near an early retirement number. Same here - this forum has probably tripled the amount I think I'll need to save before I can retire. And yeah, $1M in the mid-30s used to seem ...
by am
Sun Aug 23, 2020 8:23 am
Forum: Investing - Theory, News & General
Topic: Why not combine gold with other metal etfs?
Replies: 4
Views: 301

Why not combine gold with other metal etfs?

ETFs also exist in silver, platinum, and palladium. Backtesting a portfolio of 50% gold, 25% silver, 12.5% platinum, 12.5% palladium over last 5 years shows cagr of 8.47% (gold alone was cagr 9.18% over this period). Correlations to total market are very low for the metals. Potential rebalancing bon...