Search found 784 matches

by WanderingDoc
Sat Jun 30, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 57
Views: 5656

Re: Dave Ramsey against index funds?

Wealthy people don't (and have never) listen to Dave Ramsey. They just don't. You cannot become wealthy following his advice. You cannot shrink your way to wealth. Are you talking about Bogleheads now, or Dave Ramsay? If you listen to Dave Ramsay, one of the things he spends the most time talking a...
by WanderingDoc
Sat Jun 30, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: [100% stock, uncomfortable with international]
Replies: 65
Views: 5578

Re: [100% stock, uncomfortable with international]

Once we started having a bad 6 months people are starting to post about jumping ship from international. When we have another good year like 2017 they'll be back. Time in the market is better than timing the market. Are you going to lose sleep if the US stock markets starts to lag International? If...
by WanderingDoc
Sat Jun 30, 2018 1:58 am
Forum: Investing - Help with Personal Investments
Topic: I'm old, sold house and have $800k to invest.
Replies: 9
Views: 2452

Re: I'm old, sold house and have $800k to invest.

Going to clear $800k when I sell my estate and I'm a very young 70 years old, still is 70, ya know. Still ride my horse like the posse chasin' me and sold my rodeo horse two months ago. (Shag Bulls and Bucking Broncs all day). Just not ready for the over 55 community. However, I have solid income o...
by WanderingDoc
Fri Jun 29, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 1.75%]
Replies: 210
Views: 32124

Re: ALLY BANK savings account RATE increase 1.75%

vbdoug wrote:
Fri Jun 29, 2018 5:16 pm
PurePoint has been 1.90% for awhile and has a 10k minimum. No fees and no problems so far.
How do you like the interface/service at Purepoint? I hesitate to open yet another bank, yet another username/pw etc. since I just opened my Ally account less than 9 months ago.
by WanderingDoc
Fri Jun 29, 2018 8:58 pm
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7036

Re: Yes, It’ll Happen - Jonathan Clements

Great article. I agree with all except the last bit. I've personally decreased my standard of living on purpose (how much I spend per year) quite a bit, and it's brought me even more happiness. It's nice to know that if I needed to go back to a richer lifestyle, I always can. It's amazing how many ...
by WanderingDoc
Fri Jun 29, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 57
Views: 5656

Re: Dave Ramsey against index funds?

Wealthy people don't (and have never) listen to Dave Ramsey. They just don't. You cannot become wealthy following his advice. You cannot shrink your way to wealth. If you are earning $3500 per month and saving $0, giving up quality of life by putting cash into envelopes to save you $600 at the end o...
by WanderingDoc
Fri Jun 29, 2018 1:25 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone considering considering traditional to Roth to the top of the 24% bracket ?
Replies: 21
Views: 1711

Re: Is anyone considering considering traditional to Roth to the top of the 24% bracket ?

I'm about in that tax bracket (some tax free income not withstanding) and I opt for half Roth, half traditional in my 401k. Most seem to agree there isn't really a correct answer. All I know is, in the 14% bracket you should probably by all Roth, in the 38% bracket, all traditional.
by WanderingDoc
Thu Jun 28, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Keep calm and Boglehead on!
Replies: 60
Views: 5658

Re: Keep calm and Boglehead on!

Head down, plow ahead. The stock market always goes up. But what if it doesn't? Past performance is not indicative of future results. What if we hit a multi-generation 'plateau', or worse, a historic bear market/recession? Food for thought :beer Then you just keep working and saving. Really? What i...
by WanderingDoc
Thu Jun 28, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: Keep calm and Boglehead on!
Replies: 60
Views: 5658

Re: Keep calm and Boglehead on!

If people are anxious about paper assets this year, oh boy they haven't seen anything yet. So far it's been daisies and rainbows imo.
by WanderingDoc
Thu Jun 28, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7036

Re: Yes, It’ll Happen - Jonathan Clements

Great article. I agree with all except the last bit. I've personally decreased my standard of living on purpose (how much I spend per year) quite a bit, and it's brought me even more happiness. It's nice to know that if I needed to go back to a richer lifestyle, I always can. It's amazing how many f...
by WanderingDoc
Thu Jun 28, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

He had amassed close to a million dollars by his 64th birthday around 2008. He had already planned vacation, retirement, spending more time with his family, etc. Let me update you, he lost more than half his portfolio balance by 2009. Don didn't get to retire. He had continued working for another 1...
by WanderingDoc
Thu Jun 28, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

This reminds of a story I heard from a colleague of mine. He was working with a CT tech (lets call him Don) for 20 years. So Don worked his butt off his entire life, and all he did was talk about the stock markets and the beauty of index fund investing. He was a hard worker too. He had amassed close...
by WanderingDoc
Thu Jun 28, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

There's nothing wrong with real estate ... But please stop using San Francisco Bay Area examples when you guys have no idea what it's like there. For example, guessing that you can get $8K-$10K/mo rent on a 1.5M house when the real number is $5K-$6K/mo. And stop assuming you COULD have bought back ...
by WanderingDoc
Wed Jun 27, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

Its just simple math, though. Indexing is fine, its just a 25-30+ year plan. Not everyone wants to be pigeon holed for that long working a job (or jobs) that may be uncertain, or they may not like. People change. Things change. Health changes. What if they want to train for a triathlon, start a bus...
by WanderingDoc
Wed Jun 27, 2018 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

The problem with this debate, which has already been stated, is that it is apples to nuts. The above "80x return > 15x return" is completely missing why *MOST* people buy real estate. That return is purely based on appreciation. Most people buy rental properties for 1) cash flow and 2) have someone...
by WanderingDoc
Tue Jun 26, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

If you had bought in Southern California in 1989, you would in most cases not have seen your house return to the price you bought it at for almost 10 years. Meanwhile, your stock portfolio (S&P500) would have more than tripled. And in the middle of this, around 1992-4, you would be under your origi...
by WanderingDoc
Tue Jun 26, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

We own some alternative investments as a very modest part of our portfolio, but principally we are a stock and bond type investor. Some of our family members have invested in real estate over the years and been quite successful. I’ve been aware of others who, particularly due to leverage, were flyi...
by WanderingDoc
Tue Jun 26, 2018 1:01 am
Forum: Investing - Theory, News & General
Topic: Still re-balance in TSP/401k if it is split between traditional and Roth?
Replies: 19
Views: 1087

Re: Still re-balance in TSP/401k if it is split between traditional and Roth?

What is your marginal/highest tax rate? If you want to be 70/30, then I would make your mix 70/30 in the TSP/401k. If you change jobs you can roll your 401k to a Rollover IRA (pre-tax part) and to your Roth IRA (Roth part). Until then, I don't think it is worth it to try to bucket inside your 401k....
by WanderingDoc
Tue Jun 26, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

We own some alternative investments as a very modest part of our portfolio, but principally we are a stock and bond type investor. Some of our family members have invested in real estate over the years and been quite successful. I’ve been aware of others who, particularly due to leverage, were flyi...
by WanderingDoc
Tue Jun 26, 2018 12:49 am
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

If you had bought in Southern California in 1989, you would in most cases not have seen your house return to the price you bought it at for almost 10 years. Meanwhile, your stock portfolio (S&P500) would have more than tripled. And in the middle of this, around 1992-4, you would be under your origi...
by WanderingDoc
Mon Jun 25, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Still re-balance in TSP/401k if it is split between traditional and Roth?
Replies: 19
Views: 1087

Re: Still re-balance in TSP/401k if it is split between traditional and Roth?

What is your marginal/highest tax rate? If you want to be 70/30, then I would make your mix 70/30 in the TSP/401k. If you change jobs you can roll your 401k to a Rollover IRA (pre-tax part) and to your Roth IRA (Roth part). Until then, I don't think it is worth it to try to bucket inside your 401k....
by WanderingDoc
Mon Jun 25, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

I’m an active real estate investor. Generates nice cash flow, and pays me several different ways (appreciation, debt paydown by tenants, tax writeoff from depreciation, monthly positive cashflow, etc). However, I would advise against investing in the Bay Area. Prices are just way too high , and the...
by WanderingDoc
Mon Jun 25, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

Same think my mentors were advised in the 1960s, 1970s, 1980s, 1990s, 2000s, and 2010s: "Don't invest in San Diego, San Francisco, San Jose, Honolulu, etc." Guess what? Pick any year or decade until now, those coastal markets have have the BEST RETURNS (cash flow + capital appreciation) in the nati...
by WanderingDoc
Mon Jun 25, 2018 1:23 am
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9677

Re: Stocks vs. rental property

I’m an active real estate investor. Generates nice cash flow, and pays me several different ways (appreciation, debt paydown by tenants, tax writeoff from depreciation, monthly positive cashflow, etc). However, I would advise against investing in the Bay Area. Prices are just way too high , and the...
by WanderingDoc
Sun Jun 24, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Starting out, in Japan
Replies: 34
Views: 3317

Re: Starting out, in Japan

Thank you for clarifying! I think there is something to be said about "classroom" hours vs. a different way to study. I don't think classroom based learning is the best for every language. Constant drills, vocabulary rules, and boring exercises may not be the best method. For example, it is perfectl...
by WanderingDoc
Sun Jun 24, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Starting out, in Japan
Replies: 34
Views: 3317

Re: Starting out, in Japan

Good comments from Karamatsu, as always. Another thing is that you can't make US social security contributions while working in Japan (unless you're being paid by a US company or government agency that sends you here), or contribute to a US IRA (unless you have US earned income) but will be require...
by WanderingDoc
Sun Jun 24, 2018 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Starting out, in Japan
Replies: 34
Views: 3317

Re: Starting out, in Japan

Lots of folks living in Japan here, awesome! For someone with index funds and physical real estate, any problems if they move to Japan for say, 3-7 years.. I mean to continue to invest as before in equities and real estate in the States? Not sure about equities, but real estate investing is more pro...
by WanderingDoc
Fri Jun 22, 2018 11:36 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 73
Views: 8242

Re: Do you invest in Real Estate ? Why ?

https://www.bogleheads.org/forum/viewtopic.php?f=10&t=251790&p=3981904#p3981904 About 1/3 of the way down the page. Here - ? where ? on this thread ? or somewhere else in this forum ? I'm looking for some 'benchmark' analysis like your REI (mortgage - cash-flow/rent - insurance - broker fees, mgmt f...
by WanderingDoc
Fri Jun 22, 2018 10:18 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 73
Views: 8242

Re: Do you invest in Real Estate ? Why ?

Can you please share your high level analysis on REI vs Index Funds over long term ? How is REI offer alpha over indexing over long run ? Is it b/c your renters pay for your mortgage ? I dont understand We hold most of our assets in index funds, however, after comparing the long term returns,we are...
by WanderingDoc
Fri Jun 22, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: Real Estate vs. Equity - Market Cap Weighted
Replies: 10
Views: 864

Re: Real Estate vs. Equity - Market Cap Weighted

I spend 2-3 hours per month in totality on my real estate (planning strategies/reading articles/bookkeeping/managing) on average. I spend more time than that on this forum, so funnily enough I spend more time on index fund investing despite it being less profitable so far 8-) Are these figures true?...
by WanderingDoc
Fri Jun 22, 2018 12:23 am
Forum: Investing - Theory, News & General
Topic: Real Estate vs. Equity - Market Cap Weighted
Replies: 10
Views: 864

Re: Real Estate vs. Equity - Market Cap Weighted

This is exactly what I already do: ~75% physical real estate/15% equities/10% cash. I also diversify across the country, internationally, agriculture, etc. I don't want to give up total control to strictly external forces (ie. only investing in equities). With real estate, I can choose the deal, buy...
by WanderingDoc
Fri Jun 22, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: 28 year old investor [Australia]
Replies: 17
Views: 1110

Re: 28 year old investor [Australia]

Forget about the inheritance. Wipe it from your brain if you can. My unsolicited advice, outright refusal of the inheritance ahead of time is likely to be better for your character as a man and future successes, more likely than not. Thanks for your advice. This is what I'm going to do. I want to b...
by WanderingDoc
Thu Jun 21, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: 28 year old investor [Australia]
Replies: 17
Views: 1110

Re: 28 year old investor [Australia]

Forget about the inheritance. Wipe it from your brain if you can. My unsolicited advice, outright refusal of the inheritance ahead of time is likely to be better for your character as a man and future successes, more likely than not.
by WanderingDoc
Thu Jun 21, 2018 10:47 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 73
Views: 8242

Re: Do you invest in Real Estate ? Why ?

The illiquidity is a beneficial feature of real estate. Its forces one to not make any impulsive and rash decisions, and to invest for the long term. People want to run real estate business because a bank will lend you 70-90% of the capital for the business, AND your tenants pay back the loan, not ...
by WanderingDoc
Thu Jun 21, 2018 10:08 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 73
Views: 8242

Re: Do you invest in Real Estate ? Why ?

No, don't want to mess with the expense, trouble, illiquidity, and risk of owning and running a business and so I much prefer investing in equities over real estate. It's not clear to me why so many people want to run a real estate business but don't want to run other types of businesses. In genera...
by WanderingDoc
Thu Jun 21, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 73
Views: 8242

Re: Do you invest in Real Estate ? Why ?

EDIT: Thanks for the PMs guys. I'm glad to help. I do. It's been the best performing asset class for me by a mile. My portfolio is typically 80% real estate, 10% equities, 10% cash. I have reached financial independence in my early 30s, due to income-producing real estate. My small portfolio produce...
by WanderingDoc
Wed Jun 20, 2018 11:28 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

Median income is not my definition of "living well" or "not having to worry about money". Most Americans DO worry about money all the time, so they fail what we are talking about by a mile. The median income earner in NYC isn't even close to fulfilling what we are proposing here. 68% of Americans s...
by WanderingDoc
Wed Jun 20, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Value of a Military Retirement
Replies: 30
Views: 3453

Re: Value of a Military Retirement

depending on if and when I get promoted to O-6. O-6 is insanely hard to achieve in certain branches/areas/career fields. If you make that in 20 years, that will be fairly impressive. I believe doctors start at O3 or O4 so it's not as difficult. Physicians have a 100% promotion rate at 12 years to O...
by WanderingDoc
Wed Jun 20, 2018 1:09 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

The average physician salary, in 2016, apparently was $201,840. The median internist salary was $196,380. If the data on this site is accurate, that is. And I don't know if/how they factor in part-time positions, which in my experience are much more common in the medical field (by choice) than in m...
by WanderingDoc
Tue Jun 19, 2018 11:36 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

Hmm.. you sure about that? The average diagnostic radiologist I know pulls in $500-600K. I currently live on less than 1/6th of that quite happily. With the real estate gains and tax benefits I am seeing, I won't need twenty years to reach $10M. However, having $10M in the bank has zero appeal to m...
by WanderingDoc
Tue Jun 19, 2018 10:34 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

Hmm.. you sure about that? The average diagnostic radiologist I know pulls in $500-600K The average physician salary, in 2016, apparently was $201,840. The median internist salary was $196,380. If the data on this site is accurate, that is. And I don't know if/how they factor in part-time positions...
by WanderingDoc
Tue Jun 19, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

Fairly silly article with lots of holes. I would agree to be considered truly wealthy $10 million is a logical threshold. While I agree $1 million may not be enough, he ignores impact of social security. $40k swr+$30k SS = $70K is livable, although not at all extravagant. $5 million would give you ...
by WanderingDoc
Sun Jun 17, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 10300

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

His numbers seem blatantly flawed by survivorship bias. If you include all the underperforming funds that got shut down over the years, the success rate (where success rate is defined as % of funds that beat the market) looks much worse, especially if you look at it after costs. Almost everything i...
by WanderingDoc
Sun Jun 17, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

Fairly silly article with lots of holes. I would agree to be considered truly wealthy $10 million is a logical threshold. While I agree $1 million may not be enough, he ignores impact of social security. $40k swr+$30k SS = $70K is livable, although not at all extravagant. $5 million would give you ...
by WanderingDoc
Sat Jun 16, 2018 11:51 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

He never said "do what I did" or "be like me". Wondering if that is projection or did you read that somewhere else? What that article essentially said was - $10M is enough to ensure you don't have any money problems, no matter what life throws your way. $1M isn't what it used to be. I don't think t...
by WanderingDoc
Sat Jun 16, 2018 11:24 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

He never said "do what I did" or "be like me". Wondering if that is projection or did you read that somewhere else? What that article essentially said was - $10M is enough to ensure you don't have any money problems, no matter what life throws your way. $1M isn't what it used to be. I don't think t...
by WanderingDoc
Sat Jun 16, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

If getting really wealthy is your goal, perhaps listening to someone with a $150MM net worth is better idea than someone who thinks $10MM is a lot. Grant Cardone had a crippling drug addiction and $0 to his name at age 25. Here is a powerful interview, very well done by London Real. If you want to ...
by WanderingDoc
Sat Jun 16, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

If getting really wealthy is your goal, perhaps listening to someone with a $150MM net worth is better idea than someone who thinks $10MM is a lot. Grant Cardone had a crippling drug addiction and $0 to his name at age 25. Here is a powerful interview, very well done by London Real. If you want to ...
by WanderingDoc
Sat Jun 16, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13899

Re: Oh my! Cardone says we need $10m net worth

If getting really wealthy is your goal, perhaps listening to someone with a $150MM net worth is better idea than someone who thinks $10MM is a lot. Grant Cardone had a crippling drug addiction and $0 to his name at age 25. Here is a powerful interview, very well done by London Real. If you want to g...
by WanderingDoc
Sat Jun 16, 2018 3:54 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 10300

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

Except that the American Funds that he recommends have done quite well even after paying the loads. Certainly, indexing is hard to beat and Vanguard has cheaper and perhaps better alternatives even for active funds. Another area of disagreement is advising 100% stocks for investment accounts, way t...