Search found 558 matches

by arsenalfan
Tue Jun 19, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Anyone FIRE with young kids - what did you do?
Replies: 8
Views: 1720

Re: Anyone FIRE with young kids - what did you do?

This BH thread is very pertinent to me, and I look forward to the replies. We can be FI now if we downsized/moved to LCOL, and could both retire. But we both enjoy our 0.6-0.7 FTE jobs, have elementary/middle school age kids, and love our community. Also similar to previous poster, we're not great e...
by arsenalfan
Tue Jun 19, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Do you think it is smart to disclose that you have passive investments to other people?
Replies: 43
Views: 4111

Re: Do you think it is smart to disclose that you have passive investments to other people?

No.
I am a doctor.
I do not discuss my finances with my patients - this seems horridly inappropriate and totally unrelated to my taking care of them.
by arsenalfan
Mon Jun 18, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 84
Views: 4429

Re: How much car to buy reasonably?

Regarding the GTI - it's a skillful compromise, Jack-of-all-trades, Master-of-none. 5 door is practical for kids/storage space, sporty, peppy, adequate gas mileage turbo 4, and FWD has been fine in winter. I was being cheeky recommending it - so many good options as you can see. My situation was nee...
by arsenalfan
Mon Jun 18, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 84
Views: 4429

Re: How much car to buy reasonably?

You should buy a 5 door 2018 GTI with DSG (or stick).
No more, no less. $25k out the door - go ahead and buy new if you want and keep for 10+ years.
by arsenalfan
Wed Jun 13, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Best Father's Day Gift You Ever Received (or wish you'd received)
Replies: 23
Views: 2207

Re: Best Father's Day Gift You Ever Received (or wish you'd received)

Letter thanking him for a specific lesson or value imparted.
Photos of family/kids.
If you're an attending, frame the photo for dresser/desk/home.
by arsenalfan
Wed Jun 06, 2018 8:44 am
Forum: Investing - Theory, News & General
Topic: FOMO (Fear Of Missing Out) and your portfolio?
Replies: 23
Views: 2301

Re: FOMO (Fear Of Missing Out) and your portfolio?

FOMO is human nature and relates to envy/greed I believe. People here differ on need for international or REITS or small-cap value. But I don't think anyone would call you crazy for putting a slice in any of those 3. Some keep a "play" money account or create fake money portfolios to track their spe...
by arsenalfan
Tue May 22, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4934

Re: How do you stop moving the goal posts.

Stop checking balances as frequently? Consider monthly checks, so you can review transaction accuracy.

If you have them, delete finance apps from your phone, like Personal Capital, which let you keep realtime score daily.
by arsenalfan
Wed May 16, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 6841

Re: Mortgage decision killing me

Try this one http://www.decisionaide.com/mpcalculators/extrapaymentscalculator/extrapayments1.asp Not enough info. If I were you I'd do the 30 years assuming no prepayment penalty. We have a very low 30 year fixed rate, and aggressively prepaid principle down. Now we've paid off 60% of the loan with...
by arsenalfan
Sun May 06, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8338

Re: What career for smartest kid in the class?

Whatever they find stimulating and can provide for the lifestyle they want. I would do medicine all over again because I like caring for other people, the job security, and the compensation. In that order. You seem to value compensation.If you value compensation above all else there are better optio...
by arsenalfan
Sun May 06, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 6135

Re: Comparing 2 physician jobs

Job 2 for me, do what feels right in your gut. We had friends in similar situation, EXCEPT for the job 1 option both had highly compensated jobs, AND family around. After 4 years with all the trappings/material comforts maxxed in that area, they moved to the coast for lifestyle because of FOMO/YOLO....
by arsenalfan
Sat May 05, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Invest lumpsum, "cost averaging" or "wait for the crash"
Replies: 56
Views: 3790

Re: Invest lumpsum, "cost averaging" or "wait for the crash"

I'd probably do a mix of lump sum and DCA, whatever feels right to you. Studies show you should just lump sum fire and forget, but behaviorally I'd be a little upset if I lumped and the market tanked soon thereafter. So I'd probably do 50-75% and then set the account to auto-invest 5% over the next ...
by arsenalfan
Sat May 05, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15645

Re: How do you know when you have "won the game"?

Lots of different definitions for different people, as you can read. One definition is FI - annueal expenses including taxes, healthcare as well as housing/living built into Firecalc with 100% success, and no more additions of funds. At mid 40s, I'd say you've won the game if you can consider work a...
by arsenalfan
Mon Apr 23, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 61
Views: 4734

Re: Building a New Home (Talk me out of it!)

Very personal decision. I know people who stay home a lot - very busy and centered around being at home (entertain/host, always in town). No second home since not enough time - they did tear-down new construction and love their home, $2MM new construction (800k lot). Other friends are similar age co...
by arsenalfan
Sun Apr 22, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Rental Property - Keep or Sell?
Replies: 4
Views: 511

Re: Rental Property - Keep or Sell?

Not enough information. Depends on your larger financial plan. E.g: If you're in the highest tax bracket and in accumulation phase, I would consider playing landlord or paying for property management, pay it off, then have passive cashflow enabling financial independence earlier. If you're already F...
by arsenalfan
Sun Apr 08, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Anyone also getting Petrobras compensation?
Replies: 6
Views: 510

Re: Anyone also getting Petrobras compensation?

Thanks for reading the fine print Sunffycuts99. Makes sense compensation would be per share, so Caduceus you're getting some change back! I had a small position of only 300 shares, but hey, I'll take $300. Check in the mail makes more sense as people may have changed custodians in the time since. On...
by arsenalfan
Sat Apr 07, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone also getting Petrobras compensation?
Replies: 6
Views: 510

Re: Anyone also getting Petrobras compensation?

I think I am? I got a mailer and promptly lost it - luckily it is all online. I completed and mailed the "Proof of Claim" form last week. http://www.petrobrassecuritieslitigation.com/#documents Before I became a BH, my advisor lost about 50% ($5k) with them. Luckily he had the trade dates and amount...
by arsenalfan
Sat Apr 07, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for a resident physician
Replies: 13
Views: 883

Re: Asset allocation for a resident physician

That looks good. That is great work on the loan situation. I am really happy for you that you have a 401k/Match - we did not in residency, and I am glad today's residents have options. Can I offer advice 10 years into private practice? Focus on set-it and forget-it for these finances - setting the h...
by arsenalfan
Sat Mar 17, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31847

Re: Those with high savings rate: why?

Nothing worth buying
by arsenalfan
Sat Mar 17, 2018 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11414

Re: Terminal illness with small kids

gofundme and other fundraising sites come immediately to mind. They do take a cut, and it is a bit public.

To me, cash is king and I would privately give it in a condolence card.
by arsenalfan
Fri Mar 16, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: Time/money trade-offs with work and life balance
Replies: 46
Views: 3751

Re: Time/money trade-offs with work and life balance

As others have alluded, it depends on where you are in your accumulation phase/how long you want to be in it. If you are currently meeting all your financial goals, then switching jobs may be worth it if it gets you off the train quicker. Or, if you're happy with your current balance, no need to swi...
by arsenalfan
Fri Mar 16, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Check my Fed Tax Math Please
Replies: 11
Views: 1029

Re: Check my Fed Tax Math Please

cas
Thanks, that makes sense.
by arsenalfan
Fri Mar 16, 2018 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Check my Fed Tax Math Please
Replies: 11
Views: 1029

Re: Check my Fed Tax Math Please

Thanks everyone for their advice. libralibra and ace1 make the most sense to me - though they say 2 different things. As I use TurboTax, I may just liquidate the stock at my brokerage and see what tax form is generated; I also know the firm will be generating tax paperwork for the cash payout, so I'...
by arsenalfan
Thu Mar 15, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Check my Fed Tax Math Please
Replies: 11
Views: 1029

Re: Check my Fed Tax Math Please

Invested $100k into a privately held company. Post buyout by a publicly held company, given $200k cash and $200k stock in publicly held company. How do you think taxes will work? I was assuming the $100k cash gain was LTCG, and the $200k in newly issued stock, if sold immediately, would be STCG. Wou...
by arsenalfan
Thu Mar 15, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: newbie to individual stocks - question
Replies: 8
Views: 743

Re: newbie to individual stocks - question

The brokerage should keep track of cost basis/dividends/etc. All my brokerages have. Tangentially, you will see posts on BH where cost basis/spec id info wasn't transferred when the account switched custodians (e.g. someone transferred account from Fidelity to Merrill Edge). This hasn't happened in ...
by arsenalfan
Thu Mar 15, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice Rental Property -- Rent not covering PITI
Replies: 18
Views: 1750

Re: Need Advice Rental Property -- Rent not covering PITI

Sell.
Those numbers are not decent for a long term buy/hold/rent investment property.
Cash from a sale could more intelligently be invested elsewhere.
by arsenalfan
Thu Mar 15, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Check my Fed Tax Math Please
Replies: 11
Views: 1029

Check my Fed Tax Math Please

Seeking Fed tax help on an investment that, two years later, is returning roughly 100% cash and 200% common stock equity. 2018 tax bracket = 37% Using simplified numbers: Inital Investment=$100k Return $200k cash = I am taxed 20% on my $100k profit, since 20% LTCG right (has been 2 years)? So after ...
by arsenalfan
Thu Mar 15, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buy vs. seasonally rent vacation property
Replies: 26
Views: 2628

Re: Buy vs. seasonally rent vacation property

I'd sell and do long-term VRBO/HomeAway rentals until you've nailed down the neighborhood you want to be in. That is our plan for immediate "pretirement" - take 5-6 two-week vacations each year in areas around the world. Then in early retirement, spend 1-3 months in several places to really identify...
by arsenalfan
Thu Mar 01, 2018 2:37 am
Forum: Investing - Theory, News & General
Topic: Does the JOBS act make being a landlord obsolete?
Replies: 12
Views: 2153

Re: Does the JOBS act make being a landlord obsolete?

I see crowdfunding vs landlording as 2 different investment time horizons. Crowdfunding for 1-4 years and tax inefficient, landlording as a part time job with leverage, depreciation tax benefits, and possible appreciation over a decade plus. To wit: If you are in a high tax bracket, REIT, crowdfundi...
by arsenalfan
Sat Feb 24, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Just had our offer accepted on a $1.4 Million House
Replies: 90
Views: 9615

Re: Just had our offer accepted on a $1.4 Million House

Sell in 3-5 years @ 1.4 MM = $84k in realtor costs to sell + other miscellaneous fees. Pretty good chance you'd lose money. You're speculating price will rise and you will break even/a profit? Rent in 3-5 years: 20% down @ 4.125% over 30 years = $1.12 MM mortgage = $5500 per month rent to cover P/I ...
by arsenalfan
Fri Feb 23, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: Anyone subscribe to Socrates ?
Replies: 18
Views: 2294

Re: Anyone subscribe to Socrates ?

More of a Stoic over here.
by arsenalfan
Thu Feb 22, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay partners for working your call
Replies: 59
Views: 4040

Re: How to pay partners for working your call

Private practice gas passer here. I don't have any solid advice for you - our system wouldn't fit a national group. If I were you, I'd just sell it for a fixed rate to all. E.g. every Sat 24hr call is $XX cash, first-come, first-served. Up to you if you want to file a 1099 for that - I'm sure some h...
by arsenalfan
Wed Feb 21, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: Recessed 4 inch LEDs: Recommended brands
Replies: 25
Views: 1394

Re: Recessed 4 inch LEDs: Recommended brands

In 2016 I replaced 50 MR16 bulbs and about 50 various other bulbs with their LED 2700k counterparts - Costco FEIT and miscellaneous highly ranked Amazon products. This lowered my electric bill a modest amount. None have needed to be replaced. All work with dimmers just fine. I'm kind of surprised th...
by arsenalfan
Wed Feb 14, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: Unfinished basement ideas
Replies: 41
Views: 5532

Re: Unfinished basement ideas

Astroturf recommendations anyone?
by arsenalfan
Mon Feb 12, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: USPS Flat Rate Boxes - How do they work?
Replies: 27
Views: 2407

Re: USPS Flat Rate Boxes - How do they work?

Good advice, all. FYI: I just shipped ~15 items all over the country today (from northeast) and discovered the following: Small heavy stuff going way down south, southwest, west = you can’t beat the flat rate boxes. A smallish box to Utah would have been ~$25 and it was $12.70 as a medium flat rate...
by arsenalfan
Mon Feb 12, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: I’m not renewing my Costco membership.
Replies: 80
Views: 8061

Re: I’m not renewing my Costco membership.

Sounds like a good decision for you. If a store was located far away and I did not buy a lot from there/realize savings and did not want to go in general, I also would not go. David Hume distilled. We're quite the opposite: we have 2 Costcos each 15 minutes away and go weekly. Produce and meats are ...
by arsenalfan
Sun Feb 11, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Do you think it is worth the money to travel to warm weather destinations during the winter?
Replies: 77
Views: 7122

Re: Do you think it is worth the money to travel to warm weather destinations during the winter?

Spring Training is magical. Cheap tickets usually, great fan base of diehards, fun parks and atmosphere. Don't confuse the BH investment philosophy with the Mr Money Mustache take of frugality. While the 2 overlap, I'd say most BHers would say, if you're saving enough for retirement/goals in a prude...
by arsenalfan
Sat Feb 10, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is Rental Property/Income Same as Bonds
Replies: 38
Views: 2425

Re: Is Rental Property/Income Same as Bonds

I don't consider it.
Our family has own rental real estate for 40 years, and it has cashflowed steadily, independent of the market.
by arsenalfan
Sat Feb 10, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Good Hotel in DC
Replies: 46
Views: 3552

Re: Good Hotel in DC

Mandarin is great for monuments - opposite side of mall next to Jefferson, minimal access to night life. Kimpton Palomar DC is pretty good for nightlife accesss - can grab sighseeing tourbus from Dupont Circle to see Georgetown/Monuments during the day, Penn Quarter for dinner, and then be back in D...
by arsenalfan
Fri Feb 09, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9551

Re: Tenants want to break lease early and is pregnant

(Assuming compliant with state laws and your Lease says sec deposit is forfeit if lease is prematurely broken) I would keep the deposit as per contract and tell them that's your plan now. If they want the deposit back, tell them to: Find a subletter you approve of for the 2 months. Find a new tenant...
by arsenalfan
Thu Feb 08, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 99
Views: 10908

Re: How to deal with regret

Stop peeking at portfolio and get on with your life.
by arsenalfan
Wed Feb 07, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Neighbors Manage Their Own Accounts
Replies: 15
Views: 1480

Re: Helping Neighbors Manage Their Own Accounts

Can you turn them onto this forum?
Show them your post and that it’s anonymous?
They reap the benefits/you don’t take the risk
by arsenalfan
Wed Feb 07, 2018 7:54 pm
Forum: Personal Consumer Issues
Topic: Best Valentines Day Gift
Replies: 12
Views: 1887

Best Valentines Day Gift

Given or received?
Given: Prince tickets
Received: housecleaning services - freed up so much time.
by arsenalfan
Sun Feb 04, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Basic Spanish Personal Finance Blogs
Replies: 3
Views: 396

Re: Basic Spanish Personal Finance Blogs

Thanks all. I am taking a look at his loan papers and seeing what options are available/what the real details are. It is his understanding that he had such a high interest rate because he has no credit history. I may buy him the Suzy Orman spanish book off Amazon. Atop the routine personal finance i...
by arsenalfan
Sun Feb 04, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19224

Re: For BHs who actually like cars - what is your daily driver?

2007 328xi 2015 535i Xdrive Fantastic cars, but being friends with a BMW mechanic is helpful. Is it true BMW tire insurance is recommended as well? I have BMW friends who love them, but for some reaason the tires go quickly/aren't durable? Most sporty cars use low profile, soft tires that perform g...
by arsenalfan
Sat Feb 03, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19224

Re: For BHs who actually like cars - what is your daily driver?

wordsmith11 wrote:
Sat Feb 03, 2018 5:30 pm
2007 328xi
2015 535i Xdrive

Fantastic cars, but being friends with a BMW mechanic is helpful.
Is it true BMW tire insurance is recommended as well?
I have BMW friends who love them, but for some reaason the tires go quickly/aren't durable?
by arsenalfan
Sat Feb 03, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 10486

Re: How risky is Med school student loan debt?

Not an answerable question IMHO since no good study exists, and you're left with anecdotes like the Portland med student that make for very compelling stories. AMA or ACGME should keep track of med student bankruptcy data out to 10 years - would be interesting. I can add my anecdotal opinion: not th...
by arsenalfan
Sat Feb 03, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19224

Re: For BHs who actually like cars - what is your daily driver?

No way I would get one for my teenager. You find yourself hitting 70 mph way too quickly, without even noticing it.

I'd buy a Golf. Underpowered and Safe is the name of the game for new drivers.

Too much power too soon corrupts. Look at young Anakin.