Search found 12718 matches

by White Coat Investor
Sun Nov 19, 2017 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Voluntary life insurance - how much?
Replies: 9
Views: 730

Re: Voluntary life insurance - how much?

It's open enrollment period at work and we have the option of purchasing voluntary life insurance at $0.79/month for $10K coverage all the way up to $59.25/month for $750K coverage. How much would you choose and why? What factors would you consider when making your decision? None. Because I already...
by White Coat Investor
Sun Nov 19, 2017 12:20 am
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 90
Views: 3301

Re: Where did you first learn about investing?

There are obviously many extremely knowledgeable people who willingly and helpfully share their expertise with the rest of us on this wonderful site. Each of us has a history of learning about the ongoing process of investing whether formally or self-taught. It would be interesting to know where pe...
by White Coat Investor
Sun Nov 19, 2017 12:12 am
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 80
Views: 4925

Re: Is holding bonds now dangerous?

Stocks are a much bigger risk for negative real return and with much bigger downside. If you want to time the market, you could hold short term bonds. Or, if you find principal loss to be unacceptable, you could hold individual bonds. Holding individual bonds sounds better Actually the net result o...
by White Coat Investor
Sun Nov 19, 2017 12:10 am
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 80
Views: 4925

Re: Is holding bonds now dangerous?

I would like to get a sampling of what people think about investing in bonds in the current environment. I remember in early 2008 thinking my bonds sure aren't making me much money....By November that year I recall being pretty happy I owned them, even though they only made a couple percent that ye...
by White Coat Investor
Fri Nov 17, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 161
Views: 13076

Re: Why NOT make more money?

Also, I'm now able to disappear for weeks at a time. My family is embarking on a three-week Spanish immersion adventure starting this Sunday. I wouldn't be able to do so if I were focused on making more money. This is the main freedom I miss by having a job. In my ideal world, I'd have summers off ...
by White Coat Investor
Fri Nov 17, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: Goldman Sachs mulls the death of the value factor
Replies: 18
Views: 1980

Re: Goldman Sachs mulls the death of the value factor

It's a good demonstration of the importance of really believing in your tilts. They could take decades to pay off, and might not pay off at all. That's the risk you're theoretically going to get paid for taking. If you don't REALLY BELIEVE you probably ought to stick with a total market portfolio be...
by White Coat Investor
Wed Nov 15, 2017 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 161
Views: 13076

Re: Why NOT make more money?

There is no limit to how much one can spend. At some point we need to decide is the extra thousands of hours working worth it. You have no idea how much I actually agree with you on this point! By the way, I was talking about "lowly" business class there but your calculations used first class airfa...
by White Coat Investor
Wed Nov 15, 2017 1:32 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 161
Views: 13076

Re: Why NOT make more money?

Also, I'm now able to disappear for weeks at a time. My family is embarking on a three-week Spanish immersion adventure starting this Sunday. I wouldn't be able to do so if I were focused on making more money. This is the main freedom I miss by having a job. In my ideal world, I'd have summers off ...
by White Coat Investor
Wed Nov 15, 2017 1:30 am
Forum: Personal Finance (Not Investing)
Topic: What's the point of auto loan pre-approvals?
Replies: 12
Views: 1077

Re: What's the point of auto loan pre-approvals?

First time car buyer. I was pre-approved for a car loan up to $24k. However the credit union says they cannot give me a rate until I have the purchase order of the car. Asking around people in real life and the internet, most people say this is normal (some say this is trash and I need to go with a...
by White Coat Investor
Tue Nov 14, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion of Total Stock Market Index
Replies: 21
Views: 2269

Re: Opinion of Total Stock Market Index

It's my favorite fund and Jack Bogle's too. Most Bogleheads think pretty highly of it. I'm less thrilled with it as the only investment in my portfolio though. It makes up 25% of my portfolio.
by White Coat Investor
Tue Nov 14, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Iphone 4
Replies: 37
Views: 1950

Re: Iphone 4

I upgraded to a 7 because it was waterproof. Then I put it in a waterproof case. So far, it hasn't been ruined by water, so it's been worth it. If there's not a feature you want that requires an upgrade, don't upgrade.
by White Coat Investor
Mon Nov 13, 2017 2:08 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 161
Views: 13076

Re: Why NOT make more money?

There is a thread about "why make more money"? So this one is to discuss about the other side of the story. For myself, I am actually in the middle and in a difficult situation to go either way. Here is my situation (said before in other threads): We are in early 50s and have achieved financial ind...
by White Coat Investor
Mon Nov 13, 2017 2:03 am
Forum: Personal Consumer Issues
Topic: Better way to get rid of old fridge?
Replies: 38
Views: 2401

Re: Better way to get rid of old fridge?

We likely will be upgrading our fridge this month. Lowes and Best Buy will both haul away our existing fridge for $15. I'm tempted to do that because it's easy, but I was wondering if anyone knows of other (easy) ways to get rid of a fridge. The old one still works, but it's showing signs it's goin...
by White Coat Investor
Sun Nov 12, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 161
Views: 13076

Re: Why NOT make more money?

There is a thread about "why make more money"? So this one is to discuss about the other side of the story. For myself, I am actually in the middle and in a difficult situation to go either way. Here is my situation (said before in other threads): We are in early 50s and have achieved financial ind...
by White Coat Investor
Sun Nov 12, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA EFC number shock! [Expected Family Contribution]
Replies: 39
Views: 4047

Re: FAFSA EFC number shock!

Thanks for the feedback. Just trying to get my head around the idea of paying 1/3 of AGI annually for 12-15 years. Hopefully, merit aid/private scholarships will help out. State school at 29k/year all in at the state starting to look really good. Alternatively, you could send your children to colle...
by White Coat Investor
Sun Nov 12, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 165
Views: 13126

Re: Why pay cash for a car?

I can understand paying off a mortgage, because rates are higher than car loans. And you wouldnt take a new loan out to invest in the market now. I am saving cash for my next car purchse. But why? Car loans are cheap. My current car is paid off and i like being debt free. Is that the best method? F...
by White Coat Investor
Sun Nov 12, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Can We Afford This House" ?
Replies: 28
Views: 2558

Re: Another "Can We Afford This House" ?

"2 kids in costly private school"... I'd be willing to bet that there are good public schools near you. Better to pay up for a house in a good district and go public. Save the many hundreds of thousands of dollars it will cost you to send 2 kids through private. I know, I know, people have differen...
by White Coat Investor
Sun Nov 12, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 165
Views: 13126

Re: Why pay cash for a car?

I can understand paying off a mortgage, because rates are higher than car loans. And you wouldnt take a new loan out to invest in the market now. I am saving cash for my next car purchse. But why? Car loans are cheap. My current car is paid off and i like being debt free. Is that the best method? F...
by White Coat Investor
Sun Nov 12, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 3074

Re: Buying bitcoin / Cryptocurrency to market cap (.3%)

With bitcoin / cryptocurrencies reaching a 65B market cap and the World Market cap being 210 Trillion, Would it be considered "Wise" / "Bogleheaded" to go ahead and allocate .3% of ones portfolio to crypto since they are not represented in the total market index? No more no less. This isn't some ar...
by White Coat Investor
Sun Nov 12, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Use or Lose $850 from Limited Expense FSA
Replies: 36
Views: 1658

Re: Use or Lose $850 from Limited Expense FSA

Wow. This is pretty stupid policy isn't it? Use or lose policies always make for a lot of waste. It was like that in the military too. Your unit had so much money and you spent it to make sure you got it back the next year.
by White Coat Investor
Sun Nov 12, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA EFC number shock! [Expected Family Contribution]
Replies: 39
Views: 4047

Re: FAFSA EFC number shock!

Thanks for the feedback. Just trying to get my head around the idea of paying 1/3 of AGI annually for 12-15 years. Hopefully, merit aid/private scholarships will help out. State school at 29k/year all in at the state starting to look really good. Alternatively, you could send your children to colle...
by White Coat Investor
Sun Nov 12, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA EFC number shock! [Expected Family Contribution]
Replies: 39
Views: 4047

Re: FAFSA EFC number shock!

Hello, Just submitted FAFSA for child #1, with numbers 2 and 3 both also in high school. I can't believe that our FAFSA EFC number is $39,000!. This with an AGI of 122k in 2016. I was thinking it should be around 25k and the "real cost calculators" for schools that don't take into account merit aid...
by White Coat Investor
Sun Nov 12, 2017 2:52 am
Forum: Personal Finance (Not Investing)
Topic: Another "Can We Afford This House" ?
Replies: 28
Views: 2558

Re: Another "Can We Afford This House" ?

5 months in this market without selling? Yea it's too expensive. Or there's something really wrong with it.
by White Coat Investor
Sun Nov 12, 2017 2:40 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 2950

Re: Fidelity 10X Retirement Rule - - Valid???

AlohaJoe wrote:
Sun Nov 12, 2017 1:48 am
I think the Expenses Brigade always has a knee jerk reaction to this that they don't have for many other topics and I don't understand the religious fervor.
Because it's a dumb rule of thumb and a better one is really not that much more complicated.
by White Coat Investor
Sun Nov 12, 2017 2:38 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 2950

Re: Fidelity 10X Retirement Rule - - Valid???

From Fidelity: How much do I need to save for retirement? To get to your retirement end zone, aim to have saved 10 times your salary by retirement, assuming you retire at age 67. The 10x savings rules of thumb are developed assuming age-based asset allocations consistent with the equity glide path ...
by White Coat Investor
Sat Nov 11, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 161
Views: 13076

Re: Why NOT make more money?

Here is my situation (said before in other threads): We are in early 50s and have achieved financial independence at the comfortable level (4% rule). Your premise is wrong. Almost nobody thinks 4% is FI in the current era. You have your 2% people, you have your 3%, and then a bunch in between. The ...
by White Coat Investor
Sat Nov 11, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 161
Views: 13076

Re: Why NOT make more money?

Disclaimer, I'm not retired yet. Retire when you can comfortably do so if you have other things you want to pursue that do not align with continuing to work. To put things in perspective, here's an anecdote: This week, a former coworker passed away. He tried to retire a couple years ago, but was co...
by White Coat Investor
Sat Nov 11, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 106
Views: 10209

Re: Tipping for restaurants where you order at the counter

So basically none of you would tip in advance? You would hit the "no tip" button and then tip at the end by leaving some cash on the table? nisiprius, I tip on the undiscounted total in your scenario. I definitely DO NOT tip in advance. That's bizarre. What are you going to do if the service sucks,...
by White Coat Investor
Sat Nov 11, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 106
Views: 10209

Re: Tipping for restaurants where you order at the counter

I don;t know all the details, but it seems many attempts at "no tipping" by business/providers are undercut by customers wo continue to tip as "normal". I think tips or no tips is an issue with the Uber and Lyft services and drivers. The point of Uber is that I don't have to tip. If I've got to mes...
by White Coat Investor
Sat Nov 11, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 106
Views: 10209

Re: Tipping for restaurants where you order at the counter

bikechuck wrote:
Sat Nov 11, 2017 4:01 pm
the employees are for the most part paid low wages, they work hard and can really use the money.
That's what my charitable contributions are for, not my tips. TIPS = To Insure Prompt Service. Trust me, I've worked primarily for tips. The way to get them is definitely "prompt service."
by White Coat Investor
Sat Nov 11, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 106
Views: 10209

Re: Tipping for restaurants where you order at the counter

I've noticed three main types of restaurants where you order at the counter. In all, you pay in advance and you are prompted to enter a tip amount: 1. You pick up your food at the counter, then you clean up after yourself and put your dishes by the trash can, like at Panera. 2. They bring the food ...
by White Coat Investor
Sat Nov 11, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: A penny saved is NOT a penny earned ..
Replies: 16
Views: 2230

Re: A penny saved is NOT a penny earned ..

That very point was made quite well years ago by Andrew Tobias in his best-selling The Only Investment Guide You'll Ever Need.
by White Coat Investor
Sat Nov 11, 2017 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 72
Views: 7187

Re: Personal letters to the sellers of your house can work!!!

I think I've seen this movie and I know how it ends. In 2006 we were looking at a town home and thinking maybe it was a little overpriced. Then we found out the buyer offered more than asking price. Well, you know how that ended. We bought a different one, got a much better deal on it, but still sol...
by White Coat Investor
Fri Nov 10, 2017 12:22 am
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 49
Views: 10630

Re: 35 yr-old doc needs some wisdom

I think you've done pretty well the last 3 years. A big turn around with a net worth what, $400K+ higher?

I still wouldn't drive luxury cars at this stage nor make $82K "loans." But you could probably afford to do that stuff in a few more years as a millionaire. You're getting there.
by White Coat Investor
Fri Nov 10, 2017 12:16 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8002

Re: $23k credit card emergency

Boost income, cut expenses, throw everything you can peel off at the debt, refinance what you can at lower rate, listen to Dave Ramsey podcasts in your spare time. You have a lot of work ahead of you. Your spending is > 6 months ahead of your earning and you need to catch up. Stop going to Trader Jo...
by White Coat Investor
Thu Nov 09, 2017 4:08 am
Forum: Investing - Help with Personal Investments
Topic: What can go wrong with multi family syndications?
Replies: 24
Views: 2579

Re: What can go wrong with multi family syndications?

I have money invested in both funds and individual deals. None have gone round trip yet, so I can't quote you final returns, but due diligence into these deals suggests that the returns quoted to you are in fact reasonable and common. Just don't expect liquidity. To answer your question "what can go...
by White Coat Investor
Thu Nov 09, 2017 3:20 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 151
Views: 12659

Re: How old are you and how much do you save for retirement a year

I am 34 years old and I currently save $12000 a year for retirement I am 42 and have saved more every year for retirement than the prior year so far. Eventually that'll stop. When I was 34 I think I put away $27K or so for retirement. But I'm not sure why the actual dollar amount would be useful to...
by White Coat Investor
Mon Nov 06, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Poll-How much do you have in your HSA?
Replies: 50
Views: 4742

Re: Poll-How much do you have in your HSA?

I think 2012 was our first year and we're a little over $50K. It's been all TSM the whole time and we haven't spent any of it. Fairly fortunate.
by White Coat Investor
Mon Nov 06, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 3956

Re: Did I earn an extra hour of interest last night?

... Yes, you get paid for another hour in the fall and one hour less in the Spring if you're working the overnight shift. Physicians without their own practices aren't even on salary? Do you have to go on strike to demand time and a half, and at least an eight-hour break between working hours (if n...
by White Coat Investor
Mon Nov 06, 2017 10:19 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12936

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

I agree with Larry on the dividend issue. But what are you going to do? Lots of people have an almost religious belief in them.
by White Coat Investor
Sun Nov 05, 2017 7:38 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 3956

Re: Did I earn an extra hour of interest last night?

The hospital had computer network downtime last night spanning the end of daylight savings. The worst part about the end of daylight savings is working an overnight shift during that time (no extra pay). I actually wonder if the hourly employees get paid an extra hour for working the end of dayligh...
by White Coat Investor
Fri Nov 03, 2017 11:53 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)
Replies: 33
Views: 5506

Re: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)

First off, please do not post here if you intend on bashing Dave Ramsey for his investing advice. Otherwise, the thread will get locked or deleted. That being said, today, November 2, 2017, DR sounded a whole lot like a Boglehead! I think it was in Hour 2 at about the 47 minute mark. https://www.da...
by White Coat Investor
Fri Nov 03, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: What so scary about TSP loans?
Replies: 23
Views: 1772

Re: What so scary about TSP loans?

LTLurkerFTPoster... I'm buying a new house. Depending on some possible concessions and whether I go for negative points, I'm likely going to be about 10-20K short of 20% down. I have a couple options. I could get a gift from folks or inlaws. I could withdraw contributions from Roth. I could get an ...
by White Coat Investor
Wed Oct 25, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14539

Re: 2018 ACA rates now live....

https://www.healthcare.gov/see-plans/?utm_campaign=hcgov_ab&utm_content=english&utm_medium=email&utm_source=govdelivery Cliffs: Subsidy = good, no subsidy = you're about to be broke Sample rates: 55, 62, 22, 20, 16 year old in 24219 - cheapest plan $2,548.63/month 62 and 60 year old in 20120 - chea...
by White Coat Investor
Wed Oct 25, 2017 10:31 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 75
Views: 9601

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Well done guys, well done. I'm super impressed to see you both working hard when many people are on the golf course or in a lounger chair.
by White Coat Investor
Mon Oct 23, 2017 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Heading to ER, surprise bills [update: home again]
Replies: 44
Views: 5512

Re: Urgent! Heading to ER, surprise bills

Radiologist. You won't. But he probably is.

Screwed up system isn't it?
by White Coat Investor
Mon Oct 23, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to qualify for disability?
Replies: 8
Views: 856

Re: How to qualify for disability?

Start with reading your policies. They may limit payouts from this type of thing. Then go hire a lawyer, because you can bet both the insurance companies and Social Security are going to fight this one tooth and nail just like they would any other disability without verifiable signs on exam, labwork...
by White Coat Investor
Mon Oct 23, 2017 9:54 pm
Forum: Investing - Theory, News & General
Topic: Building very high net worth
Replies: 81
Views: 8260

Re: Building very high net worth

During the course of my life I have known 10 to 15 people I believe were quite wealthy—in today’s dollars, say $12m+. They fell into two categories: A) very successful doctors who ran good sized offices, owned the building and had their heyday in the 60s, 70s, and 80s, and B) people who were direct...
by White Coat Investor
Mon Oct 23, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Heading to ER, surprise bills [update: home again]
Replies: 44
Views: 5512

Re: Urgent! Heading to ER, surprise bills

sawhorse wrote:
Mon Oct 23, 2017 9:01 pm
Sorry, I forgot to update about my symptoms. My vision came back on its own a short while ago!? The nurse said she still recommends getting seen by the doctor so here I am.
That's awesome! I'm so happy for you.