Search found 58 matches

by mbenz1997
Sat Mar 14, 2015 6:32 pm
Forum: Investing - Theory, News & General
Topic: CRP land [Conservation Reserve Program]
Replies: 3
Views: 750

CRP land [Conservation Reserve Program]

I just sorta stumbled across this when I was doing some reading; does anyone here "invest" in CRP land? I use the term loosely since it just sorta seems like a government bribe to not farm your own land...Anyone with insight on this?
by mbenz1997
Tue Sep 30, 2014 5:48 pm
Forum: Personal Consumer Issues
Topic: Maybe going back to cash isn't such a bad idea
Replies: 18
Views: 2766

Re: Maybe going back to cash isn't such a bad idea

I thought this was a market-timing thread too! I figured it was an indication to ramp up my index fund buying. fwiw, I use cc as often as I can no matter how big the purchase is. I like the rewards and I like being able to see where my money has gone every month - it's a good way to see a trend, and...
by mbenz1997
Sun Sep 28, 2014 8:07 pm
Forum: Investing - Theory, News & General
Topic: 'Play Money' - why 5%?
Replies: 42
Views: 2749

Re: 'Play Money' - why 5%?

I use 5% to invest in speculative stocks - it paid off with TSLA, but it isn't always going to be like that. I use 5% because even if I lose the entire amount (not likely to happen in 1 year, but not impossible), the amount lost will not set you back significantly (especially if the company goes und...
by mbenz1997
Wed Sep 10, 2014 11:41 pm
Forum: Personal Consumer Issues
Topic: Visit to SFO Area - Dining
Replies: 14
Views: 1676

Re: Visit to SFO Area - Dining

"Deem sum" at Yank Sing is something I forgot to mention. They wheel around carts filled with Chinese delicacies you've no doubt never heard of. You point to what you want, they plop on your table. Again, best for lunch, and close to your tour. As you point to stuff and order off the carts, they ma...
by mbenz1997
Fri Sep 05, 2014 6:21 pm
Forum: Personal Consumer Issues
Topic: paint chip repairs houston
Replies: 0
Views: 250

paint chip repairs houston

Anyone know of a good place that will do some repairs for rock chips at a reasonable price in Houston? I was driving down the highway and this big truck didn't have their back gate sealed correctly - the jerk just pelted the entire left side of the highway with rocks for who knows how many miles. I'...
by mbenz1997
Thu Aug 28, 2014 12:35 am
Forum: Personal Investments
Topic: Total International Bond Index Fund
Replies: 36
Views: 5244

Re: Total International Bond Index Fund

what would be the equivalent on fidelity?
by mbenz1997
Sat Aug 09, 2014 6:18 pm
Forum: Personal Consumer Issues
Topic: Oldest age to start medical school?
Replies: 44
Views: 8376

Re: Oldest age to start medical school?

As a relatively new grad from all the training hoopla, I can tell you I have mixed feelings about it. 4 years medical school (200k or so in expense), 5 years internship/residency (40-50k income), 1 year fellowship (60k income). As an attending now, I feel threatened by nearly everything - declining ...
by mbenz1997
Tue Jun 10, 2014 1:48 pm
Forum: Personal Consumer Issues
Topic: A $1000 lesson on how manipulative salespeople can be?
Replies: 107
Views: 21180

Re: A $1000 lesson on how manipulative salespeople can be?

http://www.amazon.com/Influence-Psychology-Persuasion-Business-Essentials/dp/006124189X/ref=sr_1_1?ie=UTF8&qid=1402425778&sr=8-1&keywords=influence+the+psychology+of+persuasion I agree with the poster about Cialdini's book: Influence: The Psychology of Persuasion. Very interesting read, hopefully it...
by mbenz1997
Mon Mar 10, 2014 4:46 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 220
Views: 29567

Re: What video games are you currently playing?

Diablo 3. Been hooked since it came out. Working up to inferno mode :twisted:
by mbenz1997
Sat Feb 01, 2014 3:05 pm
Forum: Personal Investments
Topic: Resident physician wanting to get started
Replies: 15
Views: 2484

Re: Resident physician wanting to get started

As a physician who finished residency recently, be very wary of the presentations and free dinner meetings you will inevitably get from financial planners. If anyone tries to sell you on whole life insurance, RUN!!! I agree with the above - attack that debt first. Medicine is changing and not in a g...
by mbenz1997
Mon Jan 13, 2014 4:20 pm
Forum: Personal Investments
Topic: Truly high earners (>$1M/year) how'd you do it?
Replies: 64
Views: 9932

Re: Truly high earners (>$1M/year) how'd you do it?

I disagree with the last statement. There are many people who make in the realm of a million dollars per year and still end up bankrupt. It's a matter of spending vs earning. Doesn't matter your income level
by mbenz1997
Thu Oct 24, 2013 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Trip to brazil
Replies: 0
Views: 226

Trip to brazil

I was planning a trip to brazil; probably sao paulo. Any recommendations on an inexpensive way to fly there? The closest intl airport to me would be George Bush in Houston. I'm looking at flights on TAM and the flights are over 1k. Was wondering what people regularly use around here.

Thanks!
by mbenz1997
Mon Oct 21, 2013 4:09 am
Forum: Personal Investments
Topic: Emerging market allocation
Replies: 18
Views: 4142

Emerging market allocation

Hello all,

I was just wondering what percent of your portfolio you allocate to emerging market? I have been dollar cost averaging into FSIVX, which is not much in the way of emerging markets (0.04%). What funds with Fidelity would you recommend?

Thanks!
by mbenz1997
Thu Oct 17, 2013 4:37 pm
Forum: Investing - Theory, News & General
Topic: Buying Stock in Pro Athletes
Replies: 20
Views: 2244

Re: Buying Stock in Pro Athletes

The other factor - you have to put judgement into the player and their agents ability to negotiate their contract...or you could end up investing in a Latrell Sprewell, whose career ended when he turned down a 3 year $21 million dollar contract because "it wasn't enough to feed his family" (paraphra...
by mbenz1997
Thu Oct 17, 2013 4:33 pm
Forum: Investing - Theory, News & General
Topic: Buying Stock in Pro Athletes
Replies: 20
Views: 2244

Re: Buying Stock in Pro Athletes

Buying into pro teams would be a different story; less risky than an individual player and probably a decent return on investment over time. Then again, why would an owner want to share profits if their team is making them money?
by mbenz1997
Thu Oct 17, 2013 10:41 am
Forum: Personal Investments
Topic: Advice for young investors
Replies: 12
Views: 1766

Re: Advice for young investors

Personally, I think bogleheadism feels more like a philosophy of life, rather than just managing money. Saving money and spending below your means not only bolsters your investment accounts and protects your future lifestyle, but teaches humility and self-discipline. 8 years ago, I had 5k in my bank...
by mbenz1997
Wed Oct 16, 2013 2:55 pm
Forum: Personal Consumer Issues
Topic: World Series
Replies: 13
Views: 1920

World Series

Hello all, I was thinking about splurging a little and taking my siblings to the world series if the cardinals made it. Obviously I'm not a die-hard fan to be asking this question, but what would be the best way to get tickets? I really hate getting ripped off from places like stubhub and haven't a ...
by mbenz1997
Wed Sep 18, 2013 2:21 pm
Forum: Personal Investments
Topic: The market is on fire
Replies: 134
Views: 17768

Re: The market is on fire

50% of the the time, the market goes up 100% of the time :oops:
by mbenz1997
Thu Sep 12, 2013 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - starting from scratch
Replies: 29
Views: 2704

Re: 529 - starting from scratch

Thanks for the responses. I think we are going with the Utah plan.
by mbenz1997
Wed Sep 11, 2013 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting 529 Withdrawals...UPDATE
Replies: 18
Views: 3476

Re: Reporting 529 Withdrawals...UPDATE

Thanks for the information. Would love to hear from anyone who does this without nasty letters from the IRS on a consistent basis :happy
by mbenz1997
Wed Sep 11, 2013 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - starting from scratch
Replies: 29
Views: 2704

Re: 529 - starting from scratch

Thanks Grt2bOutdoors and livesoft! Also - what is the max contribution an individual can give? i.e. gift taxes apply beyond 14,000 per person, so a couple can give 28,000 correct? Any another family member can also give up to that amount correct? Based on the site, it looks like they will accept con...
by mbenz1997
Wed Sep 11, 2013 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - starting from scratch
Replies: 29
Views: 2704

Re: 529 - starting from scratch

It is sounding more and more like the Utah plan is a reasonable choice with low expense ratios...I also just got off the phone with people over at the Utah plan, and she confirmed the same information - back in 2001, they stopped requiring receipt submission, but you need to keep a careful record in...
by mbenz1997
Wed Sep 11, 2013 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - starting from scratch
Replies: 29
Views: 2704

Re: 529 - starting from scratch

http://www.collegesavings.org has a nice little comparison page which shows the breakdown of each. Here is the one for Texas plans: http://www.collegesavings.org/planComparisonResults.aspx?resultsId=493177 They have some prepaid tuition plans as well as a direct sold 529 plan. Per the comparison sit...
by mbenz1997
Wed Sep 11, 2013 11:50 am
Forum: Personal Finance (Not Investing)
Topic: 529 - starting from scratch
Replies: 29
Views: 2704

Re: 529 - starting from scratch

Anyone in TX with any experience setting one up here? I'm doing further research on this, and it's hard to sift between what is legitimate information and what is someone trying to sell me something. :|
by mbenz1997
Wed Sep 11, 2013 11:28 am
Forum: Personal Finance (Not Investing)
Topic: 529 - starting from scratch
Replies: 29
Views: 2704

Re: 529 - starting from scratch

Thank you for the feedback...when I heard "advisor", I cringed as well, and thus ended up here. I looked through the prospectus, but couldn't find anything about fees, which I was planning to ask about first and foremost. Knew in advance it would be a bad deal though. We live in Texas. I think I kno...
by mbenz1997
Wed Sep 11, 2013 2:02 am
Forum: Personal Finance (Not Investing)
Topic: 529 - starting from scratch
Replies: 29
Views: 2704

529 - starting from scratch

Hey all, I was just getting ready to help some family members start a 529 plan for their child - she is about 4 months old. They are looking at some paperwork through their advisor about CollegeAmerica. I was wondering what the veterans who have been through this recommend...has anyone used this? If...
by mbenz1997
Fri Aug 23, 2013 5:59 pm
Forum: Personal Consumer Issues
Topic: Fidelity "Friends and Family" program
Replies: 10
Views: 2551

Re: Fidelity "Friends and Family" program

I saw it also, and upon researching, noticed the same thing...lol, it seemed especially silly because they made it sound so exciting and innovative!

I'm happy with fidelity, but that just seemed kinda ridiculous.
by mbenz1997
Mon Aug 19, 2013 1:20 am
Forum: Personal Finance (Not Investing)
Topic: Why are you trying to save so much money?
Replies: 131
Views: 28245

Re: Why are you trying to save so much money?

I'm saving for the day when my monthly income/dividends from investments exceeds my current salary. That will be a damn good day. Then I will truly be master of my own fate.
by mbenz1997
Thu Aug 08, 2013 8:19 pm
Forum: Investing - Theory, News & General
Topic: 1987 stlye crash on the way?
Replies: 65
Views: 9296

Re: 1987 stlye crash on the way?

It doesn't matter...Stay the course.

You can't control what the market does, and it's incredibly challenging for the "experts" to anticipate a crash, nevermind a layperson. The only thing you can control is how you react. So have a plan, and stick with it.
by mbenz1997
Thu Aug 01, 2013 2:32 pm
Forum: Personal Investments
Topic: Low-Income Investing
Replies: 100
Views: 9220

Re: Low-Income Investing

I remember reading about Charlie Munger who in his early 30s was divorced, broke, and had just suffered a devastating lost of his son to leukemia, and then moved on from that to re-building his financial life throughout his 30s. One of the things Munger has emphasized in his speeches is moving on e...
by mbenz1997
Fri Jul 26, 2013 10:49 am
Forum: Personal Finance (Not Investing)
Topic: pick up double major or finish college in 3 years?
Replies: 112
Views: 11504

Re: pick up double major or finish college in 3 years?

Here's an alternative perspective - if she decides to go to medical school, admissions committees will eat up a candidate with a double major in non-science fields (assuming she has the prereqs or goes back and does them later). Not to derail the thread too much (I didn't see the OP say his daughte...
by mbenz1997
Thu Jul 25, 2013 10:34 am
Forum: Personal Finance (Not Investing)
Topic: pick up double major or finish college in 3 years?
Replies: 112
Views: 11504

Re: pick up double major or finish college in 3 years?

Here's an alternative perspective - if she decides to go to medical school, admissions committees will eat up a candidate with a double major in non-science fields (assuming she has the prereqs or goes back and does them later). I think the double major in 4 years will do her much more good than har...
by mbenz1997
Sun Jul 21, 2013 7:01 pm
Forum: Personal Consumer Issues
Topic: Cutting the cord on Cable
Replies: 95
Views: 13227

Re: Cutting the cord on Cable

I haven't had cable in 11 years...when I compare the costs, I've probably saved about 7-8k, which has been put to work in investments. I think most TV is pretty stupid, and with the advent of so many reality tv shows, I have no desire to pay for that garbage. I use netflix, hulu, crackle, amazon pri...
by mbenz1997
Fri Jul 12, 2013 1:08 am
Forum: Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 53865

Re: Tesla Motors Stock

I test drove a model S last week - exhilarating to say the least! Lots of fun to drive, and the pickup is incredible - no jerking of a transmission, and when I mashed the accelerator even going about 20-30 mph, it still slammed me to the back of the seat. The technology was incredible. I picked up s...
by mbenz1997
Thu Jul 11, 2013 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: MD/MBAs out there?
Replies: 2
Views: 702

Re: MD/MBAs out there?

Anyone with any insight on this topic? I was interested as well...
by mbenz1997
Thu Jul 11, 2013 3:28 am
Forum: Personal Finance (Not Investing)
Topic: At what networth is it not worth working at X salary?
Replies: 34
Views: 8595

Re: At what networth is it not worth working at X salary?

I am curious about what you do as well... If you love what you do, then why quit? For myself, when my assets generate an income similar to my salary in monthly dividends, that's probably when I would think about quitting. But not because I want to do nothing all day; I want to take that time to try ...
by mbenz1997
Wed Jul 10, 2013 1:24 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1509042

Re: What Book Are You Currently Reading? Part V

The fact that a very smart adult is enjoying reading a child's publication. The adult is simply appreciating the deeper themes and social commentary. PJW An enrichment opportunity! :happy I agree...ever read Calvin and Hobbes? Bill Watterson is incredibly clever with his approach...I'm happy to say...
by mbenz1997
Wed Jul 10, 2013 1:22 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1509042

Re: What Book Are You Currently Reading? Part V

I've been reading "Stop acting rich...and live like a real millionaire" by Dr. Stanley. I just finished his other book "The millionaire mind". I read his original "The millionaire next door" about a decade ago. Well worth reading, if you haven't read it. Most bogleheads probably follow his philosoph...
by mbenz1997
Sun Jun 30, 2013 4:38 pm
Forum: Personal Investments
Topic: fidelity bogleheads
Replies: 22
Views: 5230

Re: fidelity bogleheads

Thanks everyone. I think I will use some combination of FSEVX, FSTVX, and FUSVX for my US based index funds.
by mbenz1997
Sat Jun 29, 2013 6:21 pm
Forum: Personal Investments
Topic: fidelity bogleheads
Replies: 22
Views: 5230

fidelity bogleheads

I was just looking through the wiki on bogleheads and fidelity funds: http://www.bogleheads.org/wiki/Fidelity I was comparing FSTVX, FUSVX, FSEVX and was curious which funds you all used the most...FSEVX seems to have the best return over the past 10 years. FUSVX has had the best return over its "li...
by mbenz1997
Fri Jun 28, 2013 6:38 pm
Forum: Personal Investments
Topic: Fidelity money market options
Replies: 11
Views: 20067

Re: Fidelity money market options

At the risk of sounding naive, is there any underlying risk to these CDs? Most, even the ones by foreign banks, are FDIC insured.
by mbenz1997
Fri Jun 28, 2013 8:23 am
Forum: Personal Investments
Topic: Fidelity money market options
Replies: 11
Views: 20067

Re: Fidelity money market options

So I just got off the phone with fidelity and they told me the yield is after the expense ratio is taken out. For fmoxx, that means that your yield is 0.01% after they take their expense ratio, so you aren't losing any of your capital. To OP- good catch. I've had a fidelity account for 8 years and n...
by mbenz1997
Thu Jun 27, 2013 8:36 pm
Forum: Personal Consumer Issues
Topic: What are you seeing in your Local Housing Market?
Replies: 82
Views: 8002

Re: What are you seeing in your Local Housing Market?

Houston most definitely feels like a bubble.

Houses are being sold within days of listing and over listing price. These are houses in the 800k+ range, especially in the city proper. Some people are going to pay a big price when all is said and done.
by mbenz1997
Wed Jun 26, 2013 3:40 pm
Forum: Investing - Theory, News & General
Topic: Market up because earnings projections are down
Replies: 6
Views: 760

Re: Market up because earnings projections are down

I was thinking the same thing, I was surprised to see the market up as much as it is. The economy shows signs of slowing, so the market goes up because the fed intervention will continue in an effort to improve the economy. But if the economy were improving, the market would sell off, because in the...
by mbenz1997
Sat Jun 22, 2013 7:51 am
Forum: Personal Consumer Issues
Topic: Unnerving Phone Call Late Last Night
Replies: 47
Views: 9230

Re: Unnerving Phone Call Late Last Night

I woul let family and friends know what happened...someone could easily name drop you and/or Sean's name in a scam for money...
by mbenz1997
Mon Jun 17, 2013 9:45 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 328
Views: 79333

Re: What age did you reach 100K networth?

To Bacchus - Not all advanced degrees are created the same. Getting an MD is useless if you don't complete at least 3-6 years of residency and/or fellowship. So, 4 years of college, 4 years of medical school, followed by residency/fellowship, during which time your salary averages $10-20 per hour (4...
by mbenz1997
Sun Jun 16, 2013 1:22 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 328
Views: 79333

Re: What age did you reach 100K networth?

I believe it was about 3 years ago while I was still in residency at the age of 29. Rounding the 400k mark this summer. Wish I had learned of bogleheads years ago, probably would have crossed these marks 1-2 years sooner. Live and learn.
by mbenz1997
Thu Jun 13, 2013 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: How much cash do you carry?
Replies: 103
Views: 8878

Re: Poll: How much cash do you carry?

I rarely have over $5 in my pocket, unless I know I'm going somewhere I know I'm going to need the cash.

I like cc because:

-I get cash back.

-It's easy to keep track of what I've spent my money on and how much I've spent.

-I hate change.
by mbenz1997
Thu Jun 06, 2013 8:49 am
Forum: Personal Consumer Issues
Topic: Premium Products That Are Worth It To You
Replies: 361
Views: 57915

Re: Premium Products That Are Worth It To You

My splurges:

Ipad
Lexus
Movies on Netflix, Amazon Prime
An occasional nice dinner out :beer