Search found 12772 matches

by White Coat Investor
Fri Dec 08, 2017 12:52 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 50
Views: 3432

Re: Call the top! - Bitcoin

25,000
by White Coat Investor
Fri Dec 08, 2017 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Acts of war term insurance?
Replies: 17
Views: 1553

Re: Acts of war term insurance?

SGLI. I don't know of any others.

Actually, that's not true. It was disability that didn't cover that. I think my life policies did. Maybe you had a 2 year exclusion or something, but they eventually did.
by White Coat Investor
Fri Dec 08, 2017 12:32 am
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 140
Views: 13363

Re: A good friend has nearly $1M in BitCoin what do I tell him?

If the bubble burst, and bitcoin fell to $1,000 tomorrow.. would that be a good time to buy it to store some of my wealth? Why $1000? The value isn't zero.. but what is it? That's what nobody knows. Maybe it's $100. Maybe it's $1,000. Maybe it's $10,000. Maybe it's $100,000. It's in the vertical ph...
by White Coat Investor
Fri Dec 08, 2017 12:29 am
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 49
Views: 4566

Re: CPA: The best profession if you want to make the most money + keep the most money?

But honestly, CPA and MD don't belong in the same sentence when discussing career choices - I couldn't think of 2 more different paths. :thumbsup I'm a half-time MD and half-time financial planner and tax preparer. Trust me, it's a HORRIBLE HORRIBLE career path to shoot for, from a salary or net wo...
by White Coat Investor
Fri Dec 08, 2017 12:28 am
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 49
Views: 4566

Re: CPA: The best profession if you want to make the most money + keep the most money?

Weren't you the guy posting about a month ago who runs a tutoring business but wants to go to medical school? I'm not sure whether to take this post seriously, because of some of the phrasing such as "extremely rich" which honestly sounds immature. But anyway, I am a CPA and would recommend it only...
by White Coat Investor
Thu Dec 07, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 140
Views: 13363

Re: A good friend has nearly $1M in BitCoin what do I tell him?

The reason I don't feel bad for "missing" the Bitcoin boom is that if I bought or mined Bitcoin for pennies "back in the day," there is a 0% chance I would be holding it now. When it got up to $10, I would have sold half. When it got up to $100, I would have sold half... and again and again and aga...
by White Coat Investor
Wed Dec 06, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: "Financial Shock" wealth
Replies: 33
Views: 6014

Re: "Financial Shock" wealth

Dale_G wrote:
Wed Dec 06, 2017 6:21 pm
White Coat Investor wrote:
Wed Dec 06, 2017 5:27 pm
These articles make me feel so wealthy.
That is because it is very likely that you are wealthy :D
Exactly, but sometimes you might not feel like it hanging out in places like this where people are asking if $10M is "enough."
by White Coat Investor
Wed Dec 06, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 88
Views: 7635

Re: Want to sell my Bitcoin, but when?

Up 100% in the last month. Not sure what sell signal you're waiting for. What's that saying about pigs and hogs?

Congrats to all on their successful speculation.
by White Coat Investor
Wed Dec 06, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: AQR/Asness - You Can Have Your Momentum Factor and Eat it Too
Replies: 21
Views: 1618

Re: AQR/Asness - You Can Have Your Momentum Factor and Eat it Too

Oh? AQR and Cliff Asness think the momentum factor is real? That seems like an unbiased source.
by White Coat Investor
Wed Dec 06, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Was accidentally placed on Medicaid.
Replies: 16
Views: 1792

Re: Was accidentally placed on Medicaid.

Nobody actually verified your income? That's reassuring. Apparently not. When I filled out my ACA application last year, I was only applying to check if I qualified for subsidies since my current (at the time) insurance plan increased $120+ per month. It didn't notify me for any subsidies that I qu...
by White Coat Investor
Wed Dec 06, 2017 5:27 pm
Forum: Investing - Theory, News & General
Topic: "Financial Shock" wealth
Replies: 33
Views: 6014

Re: "Financial Shock" wealth

These articles make me feel so wealthy.
by White Coat Investor
Wed Dec 06, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Was accidentally placed on Medicaid.
Replies: 16
Views: 1792

Re: Was accidentally placed on Medicaid.

Nobody actually verified your income? That's reassuring.
by White Coat Investor
Tue Dec 05, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5620

Re: Mortgage is About To Be Paid - I'm Scared!

When I started, I put everything to my student loans. The day they left me, I was thrilled. Then I went after the mortgage. It will be paid in about one year. At that moment, I will not have any debt and I will most likely never have any debt again. This is going to be a huge point of change. I am ...
by White Coat Investor
Tue Dec 05, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 10983

Re: After financial independence, do you lose motivation for work?

I've always viewed work as a necessity...it's only purpose in my life being to provide financial security and the ability to acquire things I need/want. As I approach FI, I definitely have lost motivation for work, since additional money is no longer a necessity. I'm an accountant, so my work is no...
by White Coat Investor
Tue Dec 05, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)
Replies: 39
Views: 1539

Re: All Investors are Factor Investors

I've been saying this for awhile Any intelligent/ well read investor KNOWS even a TSM investing is investing in a factor, beta/ market factor. I am assuming this is not news from the TSM folks. I am assuming they choose to stop there as they are not interested in learning/ researching/ or better ed...
by White Coat Investor
Tue Dec 05, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 10983

Re: After financial independence, do you lose motivation for work?

Maybe some people are motivated by their work and others motivated to earn a living. For those who are motivated to earn a living it would seem that Financial Independence would significantly reduce that motivation. So maybe nothing actually changes you just have 2 groups in the workplace because o...
by White Coat Investor
Tue Dec 05, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 10983

Re: After financial independence, do you lose motivation for work?

I've always viewed work as a necessity...it's only purpose in my life being to provide financial security and the ability to acquire things I need/want. As I approach FI, I definitely have lost motivation for work, since additional money is no longer a necessity. I'm an accountant, so my work is no...
by White Coat Investor
Sun Dec 03, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3236

Re: Philanthropy and related issues

Yes, there are many many posts and threads about philanthropy. Many bogleheads are quite generous, but tend not to brag about it. FWIW, I worked many years for a non-profit and charitable contributions were important for my livelihood, so I often encourage folks to make charitable contributions. +1...
by White Coat Investor
Sun Dec 03, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9451

Re: Any retired boglehead doctors out there?

I should have qualified my remarks a bit better: I meant going part time as a mid-career sole or principal earner PCP who is expected to provide continuity of care. Sure, there are plenty of mommy track folks (I have yet to see a daddy track individual) but it seems they are almost always married t...
by White Coat Investor
Sun Dec 03, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9451

Re: Any retired boglehead doctors out there?

Yes. Surgeons can be part time. Many busy hospitals now have acute care surgeons. These are often shift type jobs with a group that feels confident enough in each other to do quite a bit of hand offs. Its a change from the traditional surgical model, but I think its here to stay. It provides quicke...
by White Coat Investor
Sun Dec 03, 2017 2:20 am
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3236

Re: Philanthropy and related issues

Hi All, I am very new to the forum and I certainly don't want to alienate anyone ( or break the rules). I genuinely appreciate the advice I have received. I have yet to see any posts by the financially fortunate people here about donating some of their wealth to charity or other non-profit causes. ...
by White Coat Investor
Sun Dec 03, 2017 2:13 am
Forum: Personal Consumer Issues
Topic: When & how much to donate?
Replies: 105
Views: 8025

Re: When & how much to donate?

I know this forum is focused on finances but my question is more on philosophy of donations. I used to hear a saying, something like "save now and you can donate later in life after you've made your money". Well I'm 44 not married no kids and no debt. Net worth approaching 1m. Annual income 90k. I ...
by White Coat Investor
Sun Dec 03, 2017 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9451

Re: Any retired boglehead doctors out there?

"In fact, most docs would be dramatically happier if they would just cut back to full-time." +1 Many don't have the option. I disagree. Where there's a will, there's a way. You might not be able to work in your desired city or hospital or make what you want or need (based on your chosen lifestyle o...
by White Coat Investor
Sun Dec 03, 2017 1:02 am
Forum: Investing - Help with Personal Investments
Topic: General advice for a new attending physician
Replies: 15
Views: 1503

Re: General advice for a new attending physician

I'd take A, but owning my job is very important to me.
by White Coat Investor
Sat Dec 02, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9451

Re: Any retired boglehead doctors out there?

I have yet to meet a doc who regretted going part-time. In fact, most docs would be dramatically happier if they would just cut back to full-time. "In fact, most docs would be dramatically happier if they would just cut back to full-time." +1 Many don't have the option. I disagree. Where there's a ...
by White Coat Investor
Sat Dec 02, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: TSP I Fund - Director asks board to add emerging markets and small cap int.
Replies: 7
Views: 955

Re: TSP I Fund - Director asks board to add emerging markets and small cap int.

It's a good change. Too late for me though. After 11 years of investing in the TSP, it has finally been filled with the G fund for me as I haven't made a contribution to it in 7 years and it has gradually become a smaller and smaller part of my portfolio. Maybe if I do some huge rollover into it at ...
by White Coat Investor
Fri Dec 01, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Any websites to help find a great doctor?
Replies: 36
Views: 2420

Re: Any websites to help find a great doctor?

No. Sorry. Why not go see one, if you don't like her, go see a different one? The likelihood of you not getting a good one within the first couple of tries is pretty darn low. There just aren't that many bad docs out there. It's not like you're trying to find a good financial advisor at NML. If you ...
by White Coat Investor
Fri Dec 01, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9451

Re: Any retired boglehead doctors out there?

Not even close to retired (I'm aiming for another 30+ years of practice, health-willing) But I've already opted to go part-time I love what I do and I'm already in a lifestyle-friendly specialty. But I find going part-time further improves my quality of life. Hoping to stay healthy and happy enough...
by White Coat Investor
Thu Nov 30, 2017 11:56 pm
Forum: Personal Consumer Issues
Topic: Dentist refusing to refer to specialist?
Replies: 19
Views: 2679

Re: Dentist refusing to refer to specialist?

This sounds ridiculous on the part of BOTH dentist. Not a dentist, but a physician and agree with above. It is poor patient care for the primary to NOT want to fill out which I am assuming is some simple questions just because they don't normally do that. It is poor patient care for the supposed ex...
by White Coat Investor
Thu Nov 30, 2017 1:15 pm
Forum: Investing - Theory, News & General
Topic: Tracking the Bitcoin Bubble in Real Time?
Replies: 70
Views: 4670

Re: Tracking the Bitcoin Bubble in Real Time?

For those of us who are not invested in Bitcoin and are just disinterested observers today, I'm thinking there's a wonderful opportunity to see if the real world behavior of a financial market matches the academic model of an asset bubble (at right below). https://s33.postimg.org/lbp6xccdr/Bitcoin_...
by White Coat Investor
Thu Nov 30, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Limiting Income to <$250K for tax purposes
Replies: 20
Views: 2857

Re: Limiting Income to <$250K for tax purposes

There are two nice things about making a lot of money. The first is that, well, you have a lot of money to spend even after paying all those taxes. First world problem. But the second that I've really come to appreciate is not having to game the tax system like in this post. You're phased out of ev...
by White Coat Investor
Thu Nov 30, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 140
Views: 13363

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Granted, he “saw the light” nearly 4 years ago, when BTC was $114. He bought $10K worth. I’m thinking it might be time to take some profits. He is a working stiff, but also a business man and a smart one at that. His opinion is that if if it goes to zero, $10K won’t break him, but if he sells, he m...
by White Coat Investor
Thu Nov 30, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Limiting Income to <$250K for tax purposes
Replies: 20
Views: 2857

Re: Limiting Income to <$250K for tax purposes

There are two nice things about making a lot of money. The first is that, well, you have a lot of money to spend even after paying all those taxes. First world problem. But the second that I've really come to appreciate is not having to game the tax system like in this post. You're phased out of eve...
by White Coat Investor
Thu Nov 30, 2017 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9451

Re: Any retired boglehead doctors out there?

Not even close to retired (I'm aiming for another 30+ years of practice, health-willing) But I've already opted to go part-time I love what I do and I'm already in a lifestyle-friendly specialty. But I find going part-time further improves my quality of life. Hoping to stay healthy and happy enough...
by White Coat Investor
Thu Nov 30, 2017 1:43 am
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7062

Re: Does it make sense to drop health insurance?

Some years ago, the CFO of my company retired. This person's net worth is likely in the $50m range. One of their biggest regrets is that they didn't negotiate retiree medial benefits as part of the retirement package. The issue was not cost, but the fact that dealing with medical providers when you...
by White Coat Investor
Thu Nov 30, 2017 1:40 am
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7062

Re: Does it make sense to drop health insurance?

It is my understanding that doctors are not legally required to treat either Medicaid or Medicare patients, and that many do not because of the low reimbursement rates. So I assume that a doctor could refuse to treat you if you did not have the insurance, other than in an emergency situation. Does ...
by White Coat Investor
Thu Nov 30, 2017 1:30 am
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7062

Re: Does it make sense to drop health insurance?

I recently retired from the quarry (early retirement). The wife (Wilma) and I are too young to go on Medicare so we buy health insurance on our own through the individual market. In our town of Bedrock, premiums are going up big-time in 2018. We will have to pay more than $1,300 per month for our f...
by White Coat Investor
Thu Nov 30, 2017 1:25 am
Forum: Investing - Theory, News & General
Topic: Is there any reason to invest in real estate?
Replies: 98
Views: 7219

Re: Is there any reason to invest in real estate?

I know too many people who have done well in real estate to dismiss it as anything but a very viable way to build and maintain wealth. It has lots of advantages over stocks and bonds. Some disadvantages too. I see little reason not to do both. In fact, I worry I'm not allocating enough to it. TBM: 2...
by White Coat Investor
Thu Nov 30, 2017 1:23 am
Forum: Investing - Theory, News & General
Topic: What can we learn from BitCoin’s surge?
Replies: 37
Views: 3081

Re: What can we learn from BitCoin’s surge?

I worried it was a bubble when I saw Allan Roth buy some.

I'll know it's a bubble when Taylor Larimore buys some. That's your indication to sell.
by White Coat Investor
Wed Nov 29, 2017 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating Lending Club
Replies: 8
Views: 845

Re: Liquidating Lending Club

For those who have liquidated their Lending Club accounts, how long did it take, and what mark-ups and/or discounts did you use? At the beginning of this month I started to list all of my 300 or so remaining notes for sale to liquidate my entire portfolio, with a 1% markup so I could break even on ...
by White Coat Investor
Wed Nov 29, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?
Replies: 129
Views: 11273

Re: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?

Vanguard's filed registration for six US smart beta ETFs. This will be a fun thread to watch. https://pressroom.vanguard.com/news/Press-Release-Vanguard-To-Introduce-First-Actively-Managed-ETFs-With-Suite-Of-Factor-Funds-112817.html VALLEY FORGE, PA (November 28, 2017)—Vanguard today filed a regist...
by White Coat Investor
Tue Nov 28, 2017 3:37 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8462

Re: Can I afford a $1,400,000 house

Live like a resident until the loans are paid off. Or at least until you get back to broke. Residents don't buy $1.4M houses. Can you buy it eventually? Sure, if you both continue to work full time. You don't mention where you live. Is it a place where you really can't get much of a house for less t...
by White Coat Investor
Tue Nov 28, 2017 12:05 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17333

Re: The fallacy of spending money on "experiences" vs hard assets

The trendy thing these days is to talk about spending money on "experiences", basically a new-age description of a vacation, and how it's better than spending money on "things", basically a new-age description of hard assets. The news is full of pop-science articles touting the benefits of this, mo...
by White Coat Investor
Mon Nov 27, 2017 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 82
Views: 8062

Re: Physician & Real Estate investor seeks advice

As a general rule, someone in the military planning to earn significant money after getting out is better off with Roth while in the military. I mean, look how much of your pay isn't taxable right now? I think I paid 4% effective tax rate one year in the military. Last year it was 32%.
by White Coat Investor
Sun Nov 26, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 48
Views: 4364

Re: Have TIPS truly been tested yet?

TIPS (Treasury Inflation Protection Securities) are generally wonderful in my mind. I agree with Larry Swedroe. They are an amazing invention for investors to utilize because they protect you from Inflation, AND deflation. https://youtu.be/0OOi3XFNlA0 However, my concern is that they were only inve...
by White Coat Investor
Sun Nov 26, 2017 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 82
Views: 8062

Re: Physician & Real Estate investor seeks advice

Hope everyone is enjoying their weekend! Glad to be here. I am a HCP, military, early 30s, filing single, no state income tax, and have been someone confused and bewildered if I should be/how investing in equities and retirement accounts. I hope to get some feedback and suggestions. Pertinent stats...
by White Coat Investor
Sun Nov 26, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Comma Club and Other Goals Reached!
Replies: 19
Views: 3816

Re: 2 Comma Club and Other Goals Reached!

Congratulations! I know for a lot of people, this is the only place you can talk about this major life achievement.
by White Coat Investor
Sun Nov 26, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Pay this off now or not?
Replies: 33
Views: 2517

Re: Pay this off now or not?

I'm still not comfortable with this choice would love to see what wci has to say I was asked to comment on this thread. Not sure I have a lot to say. As others have noted, there is no right answer here. We all know that carrying a 10% student loan and investing is stupid. We all know that giving up...
by White Coat Investor
Sat Nov 25, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Unfortunately I learned to save late in life, help me choose optimal 401(K) funds, can't believe I'm turning 40 yrs old
Replies: 10
Views: 1520

Re: Unfortunately I learned to save late in life, help me choose optimal 401(K) funds, can't believe I'm turning 40 yrs

First, 40 isn't late. Second, if all you care about asset allocation wise is a 40/20/40 portfolio, why not just use TSM and TBM in the 401(k) and round it out in the IRA? 1. Yes that's too many for someone who apparently wants a simple asset allocation. Look at your whole portfolio as one portfolio....
by White Coat Investor
Fri Nov 24, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: Apple people: Office 365 or Apple's stuff?
Replies: 14
Views: 990

Re: Apple people: Office 365 or Apple's stuff?

# 1 Microsoft
# 2 Google/Mozilla
# 3 Apple

Pretty disappointed in Apple's office software.