Search found 1084 matches

by anil686
Thu Apr 23, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Chase PPP Failure--Part Deux
Replies: 24
Views: 1936

Re: Chase PPP Failure--Part Deux

While the service at my community bank has been poor for close to a decade and it is my sheer inertia preventing from switching to a large bank - that worked in my favor with this. My community bank was spot on with this program and had me funded in a week - they were really good at doing this. My w...
by anil686
Thu Apr 23, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10212

Re: physician/APC pay cuts

I'm married to a physician and have a corporate banking background so I see both sides: * Money doesn't grow on trees. If a hospital is losing money and "burning" cash they have major financial problems. * My experience with my wife & her colleagues is they are very smart with medical issues, but t...
by anil686
Thu Apr 23, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10212

Re: physician/APC pay cuts

No for a voluntary pay cut. Not the right thing to do. You are an employed physician - not in private practice. If executives take a pay cut - that is on them. JMO though being a private practice physician....
by anil686
Mon Apr 20, 2020 1:18 pm
Forum: Personal Investments
Topic: How can I "buy into oil" at these prices?
Replies: 57
Views: 5744

Re: How can I "buy into oil" at these prices?

You would need to store the oil and then sell it back in the future. The issue right now is storage. If you wanted to make money on this - tanker stocks were the play months ago - there were oil analysts who were bullish on the tanker stocks in January - pre covid US because supply was already high ...
by anil686
Mon Apr 20, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 295
Views: 20739

Re: Optimizing PPP Forgiveness

My understanding from my bank is the following: a). they are providing the loan. They are not not given money from the government until the loan is forgiven. I.e. it is truly a bank loan until that point. they are collecting all the information and they have provided me a checklist for the following...
by anil686
Mon Apr 20, 2020 12:41 pm
Forum: Personal Investments
Topic: Indexing fail?
Replies: 33
Views: 3158

Re: Indexing fail?

They make up a very tiny percentage of TSM - I think they make up the following: Delta 0.05% of TSM Southwest 0.05% of TSM United and American - 0.02% each Carnival Cruise - 0.02% Total made up there about 0.15%. Which means 99.85% of TSM is not made up of these. Source ITOT holdings https://www.ish...
by anil686
Mon Apr 20, 2020 12:36 pm
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 15041

Re: Deflation is everywhere. Get used to it.

Maybe the low price is here to stay but I think the June, July and August futures all have WTI crude in the 20s. This is a massive supply problem that predates to some extent Covid and is clearly made worse by it. Basically, everybody has been producing too much for the past year or two and storage ...
by anil686
Mon Apr 20, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Received my PPP Loan today
Replies: 4
Views: 716

Re: Received my PPP Loan today

I don't think it is clear. I got my loan on Friday last week. My bank went through my payroll per person and asked about hours per week and then converted everything to FTEs. I need to maintain those FTE's to be in compliance according to my bank. I must say - that is nowhere apparently in the bill ...
by anil686
Sun Apr 19, 2020 7:55 am
Forum: Investing - Theory, News & General
Topic: Neiman Marcus to file for bankruptcy
Replies: 67
Views: 6886

Re: Neiman Marcus to file for bankruptcy

Retail companies always go bankrupt, and people always act like it's a big deal. It's a constantly evolving sector. Someday, Target is going to go out of business, and old people will be saying "I can't believe this happened--I used to buy everything there!" while young people say "Huh? What's Targ...
by anil686
Sat Apr 18, 2020 11:24 am
Forum: Personal Investments
Topic: VTMSX Vanguard Tax-Managed Small Cap Fund
Replies: 15
Views: 1080

Re: VTMSX Vanguard Tax-Managed Small Cap Fund

I had it for about 10 years and recently tax loss harvested to VIOO (SP 600 ETF) from TM small cap. As other's have noted - it is not an index. Jack Bogle goes over it's methodology as well as the other tax managed funds in Chapter 13 of Common Sense on Mutual Funds - the chapter is called "On Taxes...
by anil686
Sun Apr 05, 2020 3:05 pm
Forum: Investing - Theory, News & General
Topic: Payment Protection Program question
Replies: 10
Views: 727

Re: Payment Protection Program question

If you have a “relationship” specialist - that is what our community bank calls their business banking contacts - they may be able to help you better. Everything is done online and the application and supporting documents were easy to assemble. But a local contact was helpful in explaining what I ne...
by anil686
Sat Apr 04, 2020 3:10 pm
Forum: Investing - Theory, News & General
Topic: Where Would We Be If [there were no stock buybacks?]
Replies: 23
Views: 1922

Re: Where Would We Be If [there were no stock buybacks?]

I don’t think buybacks are much different in principle from dividends as a way to return capital to shareholders. I agree there are concerns about executive compensation tied to stock prices. In general, though, buybacks allow shareholders to self-select how much, if any, capital they want back, an...
by anil686
Wed Apr 01, 2020 8:53 pm
Forum: Investing - Theory, News & General
Topic: Investing in stocks in the current market conditions: how and when would you do it?
Replies: 83
Views: 5916

Re: how many Bogleheads cheating..

I bought a share of Brk B to get the NFM discount during the annual meeting +/- Geico discount if it is better than our current priced policy

Bought Carnival 100 shares at $12.50 for the $100 credit. We like Princess cruises and - at the time - had a high dividend yield. Not so much any more...
by anil686
Wed Apr 01, 2020 8:49 pm
Forum: Investing - Theory, News & General
Topic: Coming Experiment
Replies: 34
Views: 3352

Re: Coming Experiment

I think 100+ individual stocks will make for a unwieldly portfolio. Even if you "do nothing", in a taxable account you'll have a lot to keep track of for taxes, you'll have to decide what to do with proceeds when there's a buyout or you're forced out for one reason or another, you'll be tempted to ...
by anil686
Wed Apr 01, 2020 6:09 pm
Forum: Investing - Theory, News & General
Topic: Does the CARES Act destroy private equity?
Replies: 5
Views: 939

Re: Does the CARES Act destroy private equity?

Yes - I do not see the link either. I would recommend looking at the 2.8 Trillion dollar spending package as just that - the government has actually done a good job of breaking down where the money is going. It is a mistake IMO to think of it as “one bill”. It is a combination of spending items gear...
by anil686
Mon Mar 30, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 33777

Re: SBA Disaster Loans + Payroll Protection Program

Also interested in this - I filled out the generic application this morning - hope to be able to pay people and pay some fixed costs like rent for the next few months until our office can return to normal - hard part is predicting when that will be...
by anil686
Mon Mar 30, 2020 11:56 am
Forum: Investing - Theory, News & General
Topic: Help me understand this market--or How can S&P be 2600 today?
Replies: 109
Views: 9442

Re: Help me understand this market--or How can S&P be 2600 today?

A relatively uninformed as I am not an expert on the matter - but my thinking is that the market has priced in the declines that you have pointed out. but the reality of the SP500 for the past several years (as pointed out on this forum) has been the ascendency of the tech sector and the dominance o...
by anil686
Thu Mar 26, 2020 9:37 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63807

Re: So bottom is probably behind us....right?

No - I don’t think so but the “bottom” is probably not more than 30% down from here. Just living through 2008/9 - I would suspect some stabilization in the equity markets and then some issues in four to six months when a lot of the small and large businesses start running into cash crunch issues if ...
by anil686
Thu Mar 26, 2020 9:33 am
Forum: Personal Investments
Topic: Do ppl who rebalance annually do anything different in this type of market?
Replies: 20
Views: 1150

Re: Do ppl who rebalance annually do anything different in this type of market?

No - I have most of my accounts in tax deferred and they are in balanced funds. I started to become more equity heavy in my balanced funds a couple of weeks ago (too early) but felt at some point the selling will end. My taxable account is all equities and have just kept them the way they were excep...
by anil686
Mon Mar 16, 2020 6:49 am
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 8329

Re: Who is continuing to buy as planned?

I am - I only hold balanced funds and have auto investments with each paycheck - I try not to hear the noise (it’s really hard not to) and have not made adjustments. I figure this will be brutal to go through but trying my best not to look....
by anil686
Fri Mar 13, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Princess Cruise: Take Cash or Greater Future Credit
Replies: 23
Views: 2108

Re: Princess Cruise: Take Cash or Greater Future Credit

I sailed Princess twice in the last couple of years and liked my experience with them. I just bought 100 shares yesterday to get the onboard credit and the dividend yield of over 13%...
by anil686
Tue Mar 03, 2020 9:02 am
Forum: Investing - Theory, News & General
Topic: Are CNBC all day traders?
Replies: 71
Views: 5250

Re: Are CNBC all day traders?

I know Becky Quick on CNBC only invests in the SP500. She disclosed that about two-three years ago during a WB interview after the annual meeting. They were discussing the SP500 and Warren asked if she was pleased with her investment and she said that she was and that is all she had bought since the...
by anil686
Mon Mar 02, 2020 8:39 am
Forum: Personal Consumer Issues
Topic: Panera Coffee Subscription
Replies: 16
Views: 2191

Re: Panera Coffee Subscription

I really like coffee and if I liked Panera’s coffee, it would be a no brainer for me. I am not a fan of their coffee (personal taste preference), but with the average coffee even at McDonald’s (a coffee I really like), pushing about $1.50 for a large, that is a really good deal at Panera. I pretty m...
by anil686
Sun Mar 01, 2020 9:02 am
Forum: Investing - Theory, News & General
Topic: The Dark Side of "Stay the Course"
Replies: 202
Views: 16469

Re: The Dark Side of "Stay the Course"

Well, I find that it cuts both ways though. When the market is charging up, we get a lot of posts about staying the course even though the market seems to be pricey and sometimes overvalued. During which time, posters are not saying that they are avoiding buying equities, but rather they are pouring...
by anil686
Sun Mar 01, 2020 8:51 am
Forum: Non-US Investing
Topic: Is being in a world index fund true diversification?
Replies: 79
Views: 4899

Re: Is being in a world index fund true diversification?

I would think so in general. One thing I think is often mis-stated or maybe understood but said in a weird way is how total world is market cap weighted by country (i.e. US is 55%). However, it is really *company* weighted, not country weighted. If you look at the top 100 holdings, 82% are US and 18...
by anil686
Sun Mar 01, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: CPA relationships/advice
Replies: 24
Views: 1347

Re: CPA relationships/advice

I too have a small business and pay about $300 per month (have 4 entities and personal tax situation). Have been with him for 15 years - generally responds within 1 day during busy season (like now) but within the day from April to September generally. He has been transparent and pretty much a stick...
by anil686
Fri Feb 28, 2020 7:58 pm
Forum: Investing - Theory, News & General
Topic: Are you glad to have bonds in your AA? I am.
Replies: 76
Views: 4743

Re: Are you glad to have bonds in your AA? I am.

rkhusky wrote:
Fri Feb 28, 2020 7:52 pm
Glad that I have bonds so that I could rebalance back into stocks. Will be doubly glad for the bonds if it turns into a 50% drop and doesn't return to current levels for 10 years.
+1 - even happier my TR fund has the bonds so it automatically buys stocks as the market falls...
by anil686
Fri Feb 28, 2020 7:01 pm
Forum: Investing - Theory, News & General
Topic: How did you TLH during this correction?
Replies: 65
Views: 3607

Re: How did you TLH during this correction?

I used this week to simplify my portfolio from positions acquired 3-4 years ago and were not significant parts of the portfolio so I used this opportunity to sell them and buy more TSM...
by anil686
Fri Feb 28, 2020 1:50 pm
Forum: Personal Investments
Topic: 36 and no 401K
Replies: 7
Views: 729

Re: 36 and no 401K

Agree with the others about reposting with the requested information to better help answer questions. One thing I would add is to check with your small firm about reasons why they do not offer a 401K or other retirement plan. Costs have come down significantly and there are multiple threads on this ...
by anil686
Sat Feb 22, 2020 11:49 am
Forum: Investing - Theory, News & General
Topic: Is the market media over-reacting to coronavirus?
Replies: 71
Views: 4888

Re: Is the market media over-reacting to coronavirus?

To the OP, the media has always under-reacted to the flu and so that is not something new. If anything, I think they continue to under-react to the flu and to CV. JMO though....
by anil686
Fri Feb 21, 2020 4:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2020-2030 Returns Projection Table
Replies: 115
Views: 8287

Re: Vanguard 2020-2030 Returns Projection Table

Not super actionable IMO. I think VG’s Joe Davis gave a good response to Rick Ferri in the Jan podcast when asked how he would use these projections: A). If retiring in the next few years - it gives you an idea of what VG expects - obviously anything can happen B). If retiring in 10 -15 years, it pr...
by anil686
Fri Feb 21, 2020 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategy with (S-Corp)?
Replies: 9
Views: 596

Re: Tax saving strategy with (S-Corp)?

+1 to defined benefit/cash balance plan....
by anil686
Sat Feb 15, 2020 10:50 am
Forum: Personal Investments
Topic: Buying Vanguard Funds
Replies: 13
Views: 995

Re: Buying Vanguard Funds

Was with LPL financial for a year - I don’t know how different they are from RJ but would imagine they would be similar. The answer was first - let me check and then no but we have these funds that are similar with comparisons of performance (before taxes and loads were considered) as alternatives a...
by anil686
Sat Feb 15, 2020 10:08 am
Forum: Personal Investments
Topic: ahhh... "blend" or "growth"
Replies: 15
Views: 1177

Re: ahhh... "blend" or "growth"

+like 5 for blend... TSM > Growth or Value in isolation. JMO though...
by anil686
Sat Feb 15, 2020 10:05 am
Forum: Personal Consumer Issues
Topic: Costco for tires and batteries
Replies: 38
Views: 2450

Re: Costco for tires and batteries

If it is just for tires and batteries - I prefer Sam’s over costco for that. For most everything else - I would recommend Costco for the most part. Sam’s has similar prices on tires, better service on tires, batteries that are comparable with installation. JMO though... For other things I like Costc...
by anil686
Fri Feb 14, 2020 5:48 am
Forum: Personal Consumer Issues
Topic: Iphone cords / cables
Replies: 51
Views: 4043

Re: Iphone cords / cables

Hi, I have been happy with Ubio labs cords from Costco- also braided and I find their price decent....



https://www.costco.com/ubio-labs-lightn ... 76598.html

Hope it helps...
by anil686
Tue Feb 11, 2020 3:52 pm
Forum: Personal Consumer Issues
Topic: Protection Against Home Intruders
Replies: 387
Views: 28030

Re: Protection Against Home Intruders

We use to have ADT but that was pricey and then we switched to Simplisafe. That has worked well for us for the past couple of years. You install it yourself - monitoring is about $30 per month. Controlled by tablet/smartphone. They have fobs and keypads that can be added. We found it pretty easy to ...
by anil686
Mon Feb 10, 2020 3:06 pm
Forum: Investing - Theory, News & General
Topic: [Professor Jeremy Siegel says 75/25 in retirement]
Replies: 63
Views: 5643

Re: [Professor Jeremy Siegel says 75/25 in retirement]

There have been other posters who have referenced perhaps a 3% SWR. The closer the SWR gets to 2.5%, the more one would question why not be over 80% in equities (especially global equities where a total world has a dividend yield of roughly 2.5%). I mean, doing the math, even with zero percent real ...
by anil686
Sun Feb 09, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: rear ended, police witnessed
Replies: 17
Views: 3069

Re: rear ended, police witnessed

+5 for contacting your insurance company and telling them what happened. They can either collect from the other insurance company or coordinate that through the other insurer. As others have stated - it gets your version and the police record to your insurance company...
by anil686
Sun Feb 09, 2020 4:04 pm
Forum: Investing - Theory, News & General
Topic: [Professor Jeremy Siegel says 75/25 in retirement]
Replies: 63
Views: 5643

Re: [Professor Jeremy Siegel says 75/25 in retirement]

Those who have read stocks for the long run should not be surprised. I am mildly surprised that he is even 75/25 vs 80/20 or higher. Something tells me that if he was talking to 25 year olds, he would be like 100/0 for your entire life.... :happy
by anil686
Sun Feb 09, 2020 3:59 pm
Forum: Personal Investments
Topic: 25yo switching from target dates to self-managed
Replies: 30
Views: 2427

Re: 25yo switching from target dates to self-managed

+3 to sticking with a low-cost Target date fund until you have overwhelming reason to change. I hope it's okay to jump in with a question of my own. What's an example of an overwhelming reason to change? Starting to put money into a taxable account? Jumping in with an answer of my own, even though ...
by anil686
Sun Feb 09, 2020 3:54 pm
Forum: Personal Investments
Topic: 25yo switching from target dates to self-managed
Replies: 30
Views: 2427

Re: 25yo switching from target dates to self-managed

Just FYI - unless your fees for the TR fund are quite large (more than 0.3% ER from individual component funds), I do not think it is accurate to say "saving on fees". They are not apples to apples comparison. The TR funds are rebalanced daily (or every other day depending on fund movements) which ...
by anil686
Sun Feb 09, 2020 3:45 pm
Forum: Personal Investments
Topic: Building a Safety Net (Can you help me do better than Betterment?)
Replies: 29
Views: 1631

Re: Building a Safety Net (Can you help me do better than Betterment?)

Just answering your question about a safety net... 1. Enough money for 6 -9 mos expenses in a high yield checking/savings account. The lower you spend every month, the lower the amount is needed for 6-9 mos of expenses - that should give you motivation to spend less and save more. 2. The rest in a t...
by anil686
Fri Feb 07, 2020 10:15 pm
Forum: Investing - Theory, News & General
Topic: How much will Target date vs 3 fund make a difference in the long run?
Replies: 119
Views: 7681

Re: How much will Target date vs 3 fund make a difference in the long run?

Here's the chart I wanted to show. An initial $1,000 was invested on December 31, 1986 and an additional $1,000 was invested every month for 33 years until December 31, 2019 . The monthly $1,000 contribution amount was indexed to inflation, and the chart is also inflation adjusted. At the end, the ...
by anil686
Fri Feb 07, 2020 10:06 pm
Forum: Personal Investments
Topic: 25yo switching from target dates to self-managed
Replies: 30
Views: 2427

Re: 25yo switching from target dates to self-managed

Just FYI - unless your fees for the TR fund are quite large (more than 0.3% ER from individual component funds), I do not think it is accurate to say "saving on fees". They are not apples to apples comparison. The TR funds are rebalanced daily (or every other day depending on fund movements) which w...
by anil686
Fri Feb 07, 2020 4:49 pm
Forum: Personal Consumer Issues
Topic: Anywhere to go for advice on furnishing/decorating apartment?
Replies: 24
Views: 1518

Re: Anywhere to go for advice on furnishing/decorating apartment?

A friend of mine hired an interior decorator to do a consultation back when he was a bachelor. I didn't ask price, but I'm under the impression it was roughly day worth of time in the ballpark of general contractor rates. The decorator got input on his tastes, looked at the condo, and recommended p...
by anil686
Fri Feb 07, 2020 4:43 pm
Forum: Personal Consumer Issues
Topic: The annual "Boglehead considering a country club" thread
Replies: 115
Views: 6937

Re: The annual "Boglehead considering a country club" thread

While it will never make sense economically, I think it could make sense socially depending on the area. For some areas, it is the social gathering spot of the neighborhood and thus it helps foster friendships amongst kids in the neighborhood. In addition, it can be a quick way to have dinner out if...
by anil686
Thu Feb 06, 2020 10:57 am
Forum: Investing - Theory, News & General
Topic: Total Stock Market - Vanguard v Fidelity
Replies: 6
Views: 689

Re: Total Stock Market - Vanguard v Fidelity

Yet the difference is explained between the 2 indices are likely going to be related to cost and tracking error. Frankly when considering securities lending, I would expect VG and Fidelity to be at the same point after 10 years - JMO though...
by anil686
Thu Feb 06, 2020 10:54 am
Forum: Investing - Theory, News & General
Topic: How much will Target date vs 3 fund make a difference in the long run?
Replies: 119
Views: 7681

Re: How much will Target date vs 3 fund make a difference in the long run?

I used a target retirement fund in my 401(k) only. I also use a life strategy find in my IRA only. I think I outlined a comparison in a different thread about behavioral finance regarding timing markets, evaluations, etc. my spouse is used a target retirement date find in her IRA since the early 200...
by anil686
Thu Feb 06, 2020 8:29 am
Forum: Personal Investments
Topic: How much REIT in portfolio?
Replies: 50
Views: 3365

Re: How much REIT in portfolio?

I, too, do 10% of equities in a REIT...