Search found 1310 matches

by WanderingDoc
Tue Dec 18, 2018 12:00 am
Forum: Personal Investments
Topic: Priorities - Biglaw junior associate
Replies: 58
Views: 8713

Re: Priorities - Biglaw junior associate

As a former lawyer in BigLaw I agree that you need to maximize your flexibility and be prepared not to last that long in BigLaw. But I don't think that requires paying off these 2% loans. I mean, I'd borrow at 2% all day long. You'll make more than that even in a safe investment. You can make 6.6% ...
by WanderingDoc
Mon Dec 17, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3074
Views: 536615

Re: What are you up YTD? [Year To Date]

Real estate (individually owned properties and partnerships) up 26% YTD. Net worth went up a little more than this due to principal paydown by my tenants. Vacancies filled in < 2 weeks, bumped rent 3-4% on 3 units, tenants gladly agreed to stay. Equities down 3% for the year. When stocks head into a...
by WanderingDoc
Sun Dec 16, 2018 2:44 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 23447

Re: What Happened to you during the Financial crisis of 2007–2008

Stayed the course and hoped I did not get laid off. Increased my 401k contributions to around 15% at the time. Dabbled in some individual tickers in my Taxable AIG: did not pan out. PG: Did well TGT: Did ok Learned that 20-25% bonds is my sleep-well-at-night allocation. Would add 5% precious metals...
by WanderingDoc
Sat Dec 15, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 11056

Re: Can I retire

How the hell do you blow through so much money? Your net worth should be in the 7-8 figure range with an income like that. I’m assuming you’ve always been able to earn a high income.. seriously, how do you only save 70k a year? I save more than that and I make a little more than half what you make....
by WanderingDoc
Fri Dec 14, 2018 11:07 pm
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 153
Views: 12358

Re: Robinhood to launch 3% Checking & Savings Accounts

interesting how people are upset about app v desktop. my wife hasnt had a computer in years and mine if often duplicative for everything but word processing. Try reading a book, studying a language, etc. on mobile. Also, not great for your eyes or posture. Desktop is just better. i generally read p...
by WanderingDoc
Fri Dec 14, 2018 11:38 am
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 153
Views: 12358

Re: Robinhood to launch 3% Checking & Savings Accounts

bgf wrote:
Thu Dec 13, 2018 10:59 am
interesting how people are upset about app v desktop. my wife hasnt had a computer in years and mine if often duplicative for everything but word processing.
Try reading a book, studying a language, etc. on mobile. Also, not great for your eyes or posture. Desktop is just better.
by WanderingDoc
Fri Dec 14, 2018 2:55 am
Forum: Investing - Theory, News & General
Topic: Early retirement mistakes???
Replies: 37
Views: 7200

Re: Early retirement mistakes???

At the risk of sounding negative, I would rally like to hear from those brave enough to tell lessons learned by retiring too early. *Did you underestimate the amount needed? *Did you misjudge healthcare costs? What issues popped up unexpectedly and how did you deal with them? What lessons can I gle...
by WanderingDoc
Fri Dec 14, 2018 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Small Landlord Exemption - suggested books/blogs
Replies: 6
Views: 653

Re: Small Landlord Exemption - suggested books/blogs

You want to be looking for “passive activity loss” Small Landlord Exemption my not even be a term the irs even uses. There are articles all over the internet on the subject. This is a relatively small point in the tax code so you are not going to find an entire book or blog devoted to it. In genera...
by WanderingDoc
Thu Dec 13, 2018 10:32 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 23447

Re: What Happened to you during the Financial crisis of 2007–2008

Its weird, we weren't that well off, my parents had maybe a couple rentals at the time, but I don't recall them complaining at all. There were never any horror stories to cloud my mind. Mind you, they just bought property without ever running the numbers, considering a business plan, or even having...
by WanderingDoc
Thu Dec 13, 2018 12:41 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 23447

Re: What Happened to you during the Financial crisis of 2007–2008

Just graduated college in 2007 (as the poster above!). Had gotten into medical school and have already signed my life away to the service. I had no idea there was a financial or real estate crisis. That said, I didn't know the words "stock market", "investing", or "real estate" in 2007 - 2010. Its w...
by WanderingDoc
Thu Dec 13, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 25161

Re: What percentage of your net worth is your home equity?

Mine is around 28%, curious about other bogleheads. 10-12% I hesitate to even use the word investment when it comes to a home. Almost prefer to use the word expense , but going with the home as an investment - or at least an asset - for the sake of a net worth discussion... The ER fees on that equi...
by WanderingDoc
Wed Dec 12, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 25161

Re: What percentage of your net worth is your home equity?

Mine is around 28%, curious about other bogleheads. 10-12% I hesitate to even use the word investment when it comes to a home. Almost prefer to use the word expense , but going with the home as an investment - or at least an asset - for the sake of a net worth discussion... The ER fees on that equi...
by WanderingDoc
Wed Dec 12, 2018 11:45 pm
Forum: Investing - Theory, News & General
Topic: So Much Red [in cost basis of taxable accounts]
Replies: 26
Views: 2749

Re: So Much Red

US stock market is basically flat for the year. If this is troubling you, you might want to reconsider your risk tolerance. Reconsidering your risk tolerance isn't going to help when both stocks and bonds have awful returns. Your only option at that point is to accept it or choose an investment tha...
by WanderingDoc
Wed Dec 12, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 25161

Re: What percentage of your net worth is your home equity?

Mine is around 28%, curious about other bogleheads. 10-12% I hesitate to even use the word investment when it comes to a home. Almost prefer to use the word expense , but going with the home as an investment - or at least an asset - for the sake of a net worth discussion... The ER fees on that equi...
by WanderingDoc
Wed Dec 12, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: So Much Red [in cost basis of taxable accounts]
Replies: 26
Views: 2749

Re: So Much Red

US stock market is basically flat for the year. If this is troubling you, you might want to reconsider your risk tolerance. Reconsidering your risk tolerance isn't going to help when both stocks and bonds have awful returns. Your only option at that point is to accept it or choose an investment tha...
by WanderingDoc
Wed Dec 12, 2018 2:26 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 25161

Re: What percentage of your net worth is your home equity?

81% (individual rental properties and real estate private placements)
14% paper (401k, taxable)
5% cash
I rent where I live.
by WanderingDoc
Wed Dec 12, 2018 2:20 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 23447

Re: What Happened to you during the Financial crisis of 2007–2008

GCD wrote:
Tue Dec 11, 2018 9:12 pm
Investible assets, 100% stock:

2006: X
2007: X + $71,000
2008: X - $67,000
2009: X + $94,000

Meh, whatever...
What asset allocation?
by WanderingDoc
Mon Dec 10, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 150
Views: 22044

Re: Larry Swedroe: Be Prepared For Losses

Depending on the age of the person and career prospect and so on , it may not be possible for someone to recover financially. And that is what we are discussing. A 30 year-old absolutely could be wiped out, bankrupt, even in debt, and still recover financially. HomerJ, How would you know? <<Before,...
by WanderingDoc
Mon Dec 10, 2018 12:36 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 150
Views: 22044

Re: Larry Swedroe: Be Prepared For Losses

The question is, do you want to be heavily in an investment where 10 years is just "noise"? That you have to accept significant losses for that long because you have no control. Those 10 years could be the most important or significant of your life. For ex. the last 10 years of your life when you a...
by WanderingDoc
Sun Dec 09, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 150
Views: 22044

Re: Larry Swedroe: Be Prepared For Losses

https://www.etf.com/sections/index-investor-corner/swedroe-be-prepared-losses?nopaging=1 Larry reviews a Fama French paper titled “Volatility Lessons”. He starts off reviewing the historic size of the market, size, and value premiums. He then begins to describe their riskiness by looking at the sta...
by WanderingDoc
Sun Dec 09, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 150
Views: 22044

Re: Larry Swedroe: Be Prepared For Losses

https://www.etf.com/sections/index-investor-corner/swedroe-be-prepared-losses?nopaging=1 Larry reviews a Fama French paper titled “Volatility Lessons”. He starts off reviewing the historic size of the market, size, and value premiums. He then begins to describe their riskiness by looking at the sta...
by WanderingDoc
Sun Dec 09, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Is the division of international markets into "developed" and "emerging" meaningful?
Replies: 16
Views: 1581

Re: Is the division of international markets into "developed" and "emerging" meaningful?

Is the division of international markets into "developed" and "emerging" meaningful? I charted them and they seem to be highly correlated. The two biggest countries in the emerging market index are China and Taiwan. Is it meaningful to say they are emerging? "Emerging" does not describe the return ...
by WanderingDoc
Sun Dec 09, 2018 12:35 am
Forum: Investing - Theory, News & General
Topic: What's Your Personal Inflation Rate?
Replies: 38
Views: 2737

Re: What's Your Personal Inflation Rate?

Inflation, as measured by the CPI, measures the change in prices of a fixed set of items. So if chicken thighs are one of the items and the price of chicken thighs goes up, it will cause an increase in the index. Your substitution of pork chops for chicken thighs isn’t reflected in the CPI changes....
by WanderingDoc
Sat Dec 08, 2018 9:59 pm
Forum: Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 9224

Re: Solid my entire portfolio 12/3/18

The wealthiest investors MARKET TIMED. This is true in the real estate world (Sam Zelle and Robert Kiyosaki as 2 examples) and the stock market world (Warren Buffett and Ray Dalio). Market/location/business timing makes fortunes. I never understood the almost socialist approach that all people are ...
by WanderingDoc
Sat Dec 08, 2018 8:28 pm
Forum: Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 9224

Re: Solid my entire portfolio 12/3/18

This phrase "ordinary investors" is arbitrary and not helpful. What is the line between ordinary and not ordinary? Where is the exact edge that makes one ordinary vs. not ordinary? There isn't one. Its a continuum, like virtually any talent or skill in life. Lets accept something straightforward. P...
by WanderingDoc
Sat Dec 08, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 153
Views: 14561

Re: Barron's Making the Case for Gold

"Gold is money, everything else is credit." J. Pierpont Morgan Gold is money plain and simple. The fact that it is on the balance sheet of every major central bank should end any argument equating gold to a simple commodity. The benefit of gold is not that it is just money but that it has no counte...
by WanderingDoc
Sat Dec 08, 2018 4:29 pm
Forum: Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 9224

Re: Solid my entire portfolio 12/3/18

The wealthiest investors MARKET TIMED. This is true in the real estate world (Sam Zelle and Robert Kiyosaki as 2 examples) and the stock market world (Warren Buffett and Ray Dalio). Market/location/business timing makes fortunes. I never understood the almost socialist approach that all people are ...
by WanderingDoc
Sat Dec 08, 2018 2:37 am
Forum: Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 9224

Re: Solid my entire portfolio 12/3/18

Personally I'd dollar-cost-average back in, once you've chosen your asset allocation. Something like 20% every 2 weeks until you're fully back in. Pushing 100% in today during this Trump/China/yield inversion scare-fest would bother me. At TD Ameritrade, with a 3-fund portfolio, this would cost me ...
by WanderingDoc
Sat Dec 08, 2018 1:06 am
Forum: Personal Investments
Topic: All Weather Portfolio - Ray Dalio during slow growth/ downturn? How to balance bonds in low yield w/ rising rates?
Replies: 15
Views: 2723

Re: All Weather Portfolio - Ray Dalio during slow growth/ downturn? How to balance bonds in low yield w/ rising rates?

So tony robbins/ ray Dalio heavy on bonds and some gold with only 30% in equities Will this do well in the next downturn where we just had an 'inverse yield curve' and long-term bond yields are super 'low'? If the market tanks soon (6 months to 2 years) then where will 'safe havens' be? Precious me...
by WanderingDoc
Fri Dec 07, 2018 7:34 pm
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 7760

Re: Anybody Miss the Crypto Rage on BH Forums

What other investing philosophies/strategies do you find most likely to compete with Bogleheads in the years to come? Bay Area housing. There have been lots of threads about that along with other high cost of living areas. Housing in the Bay Area have enjoyed a 8% year over year appreciation, and 6...
by WanderingDoc
Fri Dec 07, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 145
Views: 14213

Re: Who else is getting excited?

Pre-1998, we (U.S.) didn't even have 5% of the magnitude of debt (country and consumer), negative net worth, or imaginary money pumped into the system. How long do you think the gravy train will last the way we are going? I thought I was clear enough in that post that I prefer not to indulge in ima...
by WanderingDoc
Fri Dec 07, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 145
Views: 14213

Re: Who else is getting excited?

No, not excited to lose money. I get excited when I make money. Sometimes I think these type of posts greatly underestimate the potential risk out there. The past down turns and very fast recoveries have spoiled current investors. If you look at what happened in the Great Depression and still get e...
by WanderingDoc
Fri Dec 07, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 145
Views: 14213

Re: Who else is getting excited?

More confused then excited ha! I have a long-term IPS that i have mapped out after owning a single stock my grandfather gave me shares of when i was six that i decided to sell a few months ago near its high and begin to add to roth's and diversify properly which i've just established this year. Unf...
by WanderingDoc
Fri Dec 07, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 145
Views: 14213

Re: Who else is getting excited? [about the market]

I can’t help it, but when I read headlines such as “worst market to invest since the 1970s as almost all markets decline” or worst quarter in 7 years etc, I view that as positive news for a long term investor. I’m nowhere near retirement, so a year like this year simply means I can invest at lower ...
by WanderingDoc
Fri Dec 07, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 153
Views: 14561

Re: Barron's Making the Case for Gold

"Gold is money, everything else is credit." J. Pierpont Morgan Gold is money plain and simple. The fact that it is on the balance sheet of every major central bank should end any argument equating gold to a simple commodity. The benefit of gold is not that it is just money but that it has no counte...
by WanderingDoc
Thu Dec 06, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: Is the division of international markets into "developed" and "emerging" meaningful?
Replies: 16
Views: 1581

Re: Is the division of international markets into "developed" and "emerging" meaningful?

Is the division of international markets into "developed" and "emerging" meaningful? I charted them and they seem to be highly correlated. The two biggest countries in the emerging market index are China and Taiwan. Is it meaningful to say they are emerging? "Emerging" does not describe the return ...
by WanderingDoc
Thu Dec 06, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 135
Views: 21198

Re: The S&P 500 Goes Supernova

MJW wrote:
Thu Dec 06, 2018 11:39 am
protagonist wrote:
Thu Dec 06, 2018 12:30 am
What happened to "past performance does not predict future returns" ??
That principle is applied selectively around here.
If that statement was really true, no one would study history.
by WanderingDoc
Thu Dec 06, 2018 1:06 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 6208

Re: Considering residential real estate investment

Maybe I suggest - get a PM so you can scale your portfolio. One disaster like that won't be stressful to you if you have 9 other cash-flowing properties. I would never self-manage a SFH, a condo is easy to do so since there is no roof, heaters, or other CapEx to worry about. Huh? What difference do...
by WanderingDoc
Thu Dec 06, 2018 1:04 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 6208

Re: Considering residential real estate investment

You're not renting out your rental property? Why did you quote two of my posts and put them together. Were you trying to make a point? Because you didn't say anything, merely just quoted me. I said there aren't the same deals on real estate everywhere. You said you don't have to buy in your area. T...
by WanderingDoc
Thu Dec 06, 2018 1:02 pm
Forum: Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 9224

Re: Solid my entire portfolio 12/3/18

In preparation for moving to a simpler "lazy portfolio" style of investing I sold everything in my retirement portfolio on 12/3/18. So I am now 100% cash. Got a little lucky on the timing, but now I need to figure out when to get back in. With the huge drop in the DOW looks like it would be a good ...
by WanderingDoc
Thu Dec 06, 2018 12:56 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 6208

Re: Considering residential real estate investment

I have properties that I manage and others with a PM - to date I have not received a call about a leaky toilet in the middle of the night. If I can do this during residency in a competitive specialty or while 3 weeks in Japan with limited cell service, so can anyone :twisted: However please realize...
by WanderingDoc
Thu Dec 06, 2018 12:53 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 6208

Re: Considering residential real estate investment

Do you know the difference between renting a house and buying a house? Again, see my sig. You're not renting out your rental property? Why did you quote two of my posts and put them together. Were you trying to make a point? Because you didn't say anything, merely just quoted me. I said there aren'...
by WanderingDoc
Thu Dec 06, 2018 3:22 am
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 153
Views: 14561

Re: Barron's Making the Case for Gold

"Gold is money, everything else is credit." J. Pierpont Morgan Gold is money plain and simple. The fact that it is on the balance sheet of every major central bank should end any argument equating gold to a simple commodity. The benefit of gold is not that it is just money but that it has no counte...
by WanderingDoc
Thu Dec 06, 2018 1:47 am
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 135
Views: 21198

Re: The S&P 500 Goes Supernova

I realized today, after researching it to post in another thread, that the S&P500 forward PE is 16. I don't know what the future will bring. But I don't agree with anyone who says we are near the end of some incredible run and doomed to mediocrity (or worse). Not singling you out but I just do not ...
by WanderingDoc
Thu Dec 06, 2018 1:32 am
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 6208

Re: Considering residential real estate investment

I never said you should rent a place far away from where you live. (see my signature!) The above example is a turn key property, fully rehabbed and fully managed by the firm for you. Very little work on your part. In my personal portfolio my returns are much better than that since I usually do a ca...
by WanderingDoc
Thu Dec 06, 2018 1:30 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19266
Views: 2674987

Re: U.S. stocks in freefall

Pushed all my dry powder in today on Fidelity Total Stock Market Hope it goes up before I retire in 20 years. When is your next free steak dinner? Or you can put that money into something that produces income now, tomorrow, and in 20 years. sorry, I must be missing the joke here. There are asset cl...
by WanderingDoc
Wed Dec 05, 2018 2:38 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 6208

Re: Considering residential real estate investment

I never said you should rent a place far away from where you live. (see my signature!) The above example is a turn key property, fully rehabbed and fully managed by the firm for you. Very little work on your part. In my personal portfolio my returns are much better than that since I usually do a ca...
by WanderingDoc
Tue Dec 04, 2018 10:13 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 6208

Re: Considering residential real estate investment

I'm considering purchasing a condominium with cash in a college town (professional area, not college kids) that costs $200,000 (including cost for renovations). The property would be valued around $230,000 after renovations. I would like to then rent the property for a steady source of income. I am...
by WanderingDoc
Tue Dec 04, 2018 9:18 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 6208

Re: Considering residential real estate investment

I'm considering purchasing a condominium with cash in a college town (professional area, not college kids) that costs $200,000 (including cost for renovations). The property would be valued around $230,000 after renovations. I would like to then rent the property for a steady source of income. I am...
by WanderingDoc
Tue Dec 04, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 100
Views: 8260

Re: What percent of Managers beat the market BEFORE fees?

What percent of Managers beat the market before they charge their Fees? According to S&P research, about 20% of U.S. domestic equity funds beat the market before fees. It drops to 12% after fees. https://us.spindices.com/documents/research/research-spiva-institutional-scorecard-how-much-do-fees-aff...