Search found 1207 matches

by goodenyou
Sun Oct 27, 2013 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting from cash to a balanced portfolio
Replies: 9
Views: 1570

Re: Shifting from cash to a balanced portfolio

Swampy wrote:What is an RBD?
That would be "Really Bad Day"...not to be confused with a PBD, "Pretty Bad Day". This are economic terms used by Nobel Prize Laureates in Economics. :wink:
by goodenyou
Sun Oct 27, 2013 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Finishing training and taking first job as Attending Physici
Replies: 25
Views: 2620

Re: Finishing training and taking first job as Attending Phy

I sure hope your income will go up from $250k after all that training. IMO, you are on the right track, and have obviously rigorously thought this out. A few tweaks here and there won't make a material difference. The most important thing is to live below your means and avoid any "stupid doctor" mis...
by goodenyou
Sat Oct 26, 2013 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Stick with a savings account?
Replies: 30
Views: 4704

Re: Stick with a savings account?

I thought money market accounts were also FDIC insured? If you hold the account through a bank then probably yes, but many other institutions offer money market accounts and these are generally (always?) not FDIC insured. For example, VMMXX is not FDIC insured. "Breaking the buck" is a good search ...
by goodenyou
Fri Oct 25, 2013 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Stick with a savings account?
Replies: 30
Views: 4704

Re: Stick with a savings account?

I went through all this machination when I was buying I-Bonds. I continually talked myself out of buying them because the interest rate was so low. I realized that I had no better alternative for the asset class I was trying to fill. I pulled the trigger 8 years ago, and have been buying I-Bonds eve...
by goodenyou
Thu Oct 24, 2013 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Stick with a savings account?
Replies: 30
Views: 4704

Re: Stick with a savings account?

The advantage of a CD is the (although modest) increased interest rate (2.2% 5-year) AND FDIC insurance. Who is selling a 2.2% 5-year CD? Take a look at the early withdrawal penalties for something like a 5-Year Ally Bank Bank CD. If you break the CD after just 5 months, you are already break-even ...
by goodenyou
Wed Oct 23, 2013 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Stick with a savings account?
Replies: 30
Views: 4704

Re: Stick with a savings account?

The advantage of a CD is the (although modest) increased interest rate (2.2% 5-year) AND FDIC insurance. I am not sure if FDIC insurance is truly a necessity, since all hell would have to break loose for money market funds to become unstable ("break the buck"), but it is nice to have the FDIC insura...
by goodenyou
Wed Oct 09, 2013 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 199
Views: 35624

Re: Two Comma Club

peppers wrote:
sscritic wrote:
jojay wrote:My wife and I are 1.
Wait until after the divorce. Then try counting your commas.
After the divorce you might be in a coma.
You will have a hard time being in the two comma club if you are in the two mama club!
by goodenyou
Thu Oct 03, 2013 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: advice for 18 year old med student
Replies: 15
Views: 1927

Re: advice for 18 year old med student

I think your intentions are noble, but you must be realistic. Medicine is no longer a profession that affords you an opportunity to get rich, and the future looks less and less likely that that will change. The old doctor has old doctor money and the "rich" young doctor is in debt up to his eyeballs...
by goodenyou
Wed Oct 02, 2013 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Marginal Utility of Risk and Asset Allocation
Replies: 14
Views: 1435

Re: Marginal Utility of Risk and Asset Allocation

Thanks for the article. I like the quote from the article: When I encounter this, I remind people of the ancient Chinese proverb from the Tao Te Ching: "To know you have enough is to be rich." The corollary is "You will never have enough when you don't know when enough is enough". Wealth as it relat...
by goodenyou
Wed Oct 02, 2013 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Marginal Utility of Risk and Asset Allocation
Replies: 14
Views: 1435

Marginal Utility of Risk and Asset Allocation

How does the marginal utility of risk affect YOUR asset allocation, if any? If you had $10,000,000 (whatever your "number"), would that change your risk profile/AA? Would you put most of your money into ultra-conservative vehicles if they could generate enough to live on? How does your ability to sa...
by goodenyou
Sun Sep 29, 2013 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: What age did you start investing and where are you now?
Replies: 42
Views: 6351

Re: What age did you start investing and where are you now?

Age 30 with (-$90,000). That is $90,000 in debt. Now 47 with $3M+. Started at $190k salary. No inheritance.
by goodenyou
Sun Sep 29, 2013 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Choose Bond Fund in My 401(k) Plan
Replies: 1
Views: 404

Help Me Choose Bond Fund in My 401(k) Plan

We have recently changed plans at work, and, as usual, the options are lousy. I had some Vanguard Index Funds in my old plan, but when the plan was changed, my lump-sum was parked in JP Morgan Smartretirement 2030 A fund (er 1.11%) for the past year. I am looking to move most, if not all, of this mo...
by goodenyou
Sat Sep 28, 2013 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Can someone explain why Wellington is so bad for taxable
Replies: 10
Views: 3022

Re: Can someone explain why Wellington is so bad for taxable

I sold all my Wellington this week. The bond duration is too long and the tax efficiency is poor. I need to DCA into TSM since this in my after tax account.
by goodenyou
Sat Sep 28, 2013 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Just bought a house, now what?
Replies: 15
Views: 2584

Re: Just bought a house, now what?

One of the best pieces of advice I got was from my senor partner..."pay off your first house as fast as possible". I did, and I am glad I did.
by goodenyou
Fri Aug 23, 2013 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Halting Investing and DCA
Replies: 12
Views: 1804

Re: Halting Investing and DCA

I am not disputing the virtues of DCA. I am asking if others are guilty of choosing DCA vs lump sum investing because it allows them a potential "bail out". Yes, this would be market timing and a no-no, but I thought I would ask. It is more a question of intestinal fortitude during a (going) down ma...
by goodenyou
Thu Aug 22, 2013 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Halting Investing and DCA
Replies: 12
Views: 1804

Halting Investing and DCA

I am interested to know how many investors abort their investing plan when they use DCA. DCA seems to lend itself to straying from investment goals when the "seas of investing" get rough. I ask because I am not immune from this fault.
by goodenyou
Wed Aug 07, 2013 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Extreme Early Retirement
Replies: 104
Views: 17699

Re: Extreme Early Retirement

Most individuals strive for financial independence to live a lifestyle of their choice. I do not desire to out martyr someone with the starkest lifestyle, nor boast of my lifestyle of retirement luxury. The common thread is to get to "critical mass" or your "number" and then do whatever you choose t...
by goodenyou
Sun Aug 04, 2013 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Extreme Early Retirement
Replies: 104
Views: 17699

Re: Extreme Early Retirement

Flex retire. Do something you enjoy and make a little money. It does the mind good. ~30 years before you are Medicare eligible is LONG time. When you get to 65, who knows what the minimum age for Medicare will be or if it will be viable at all. Health care is the game-changer.
by goodenyou
Fri Aug 02, 2013 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Low-Income Investing
Replies: 100
Views: 8791

Re: Low-Income Investing

Yes...MLM is an acronym for multi-level marketing. I am not endorsing one in particular. And FWIW is... For What Its Worth.
by goodenyou
Fri Aug 02, 2013 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Low-Income Investing
Replies: 100
Views: 8791

Re: Low-Income Investing

FWIW, my recommendation is to look for an at-home business (something along the lines of an MLM) to augment your income. My wife did that and has replaced her professional income. It's not for everyone, but it does help a lot. When you raise children, your time is very limited. MLMs are non-traditio...
by goodenyou
Tue Jun 18, 2013 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: novice physician investor, please help
Replies: 33
Views: 5520

Re: novice physician investor, please help

then why should we listen to you? :P 2. Don't listen to other doctors about investing. Good luck. There is some truth about doctors being bad investors, but I had to laugh at this post and the response. It sums up the problem in medicine and the inability of doctors to trust each other or to work t...
by goodenyou
Mon Jun 17, 2013 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: novice physician investor, please help
Replies: 33
Views: 5520

Re: novice physician investor, please help

Get out of NY and move to Texas like I did 20 years ago. I reduced my retirement age by about 10 years because of it. Thankfully, I have reached flex retirement at age 47, and can choose what cases I will do and which patients I will see. I no longer feel powerless in the field of medicine. NYS taxe...
by goodenyou
Sun May 12, 2013 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Saved Up 10K in cash what next?
Replies: 17
Views: 3367

Re: Saved Up 10K in cash what next?

It will depend on a lot of factors. Mostly the time constraint of the money. Is this investment money? Long term? Short term? Do you have debt? Have you fulfilled your tax-advantaged space? All these questions will force you to be a better investor and help you to make better decisions about "what t...
by goodenyou
Mon Jan 07, 2013 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Should I pay off student loan right now!!
Replies: 29
Views: 2600

Re: Should I pay off student loan right now!!

It depends. If you have higher interest rate obligations (credit cards etc.), pay those off first. I agree with others; fund tax-privileged accounts, and use excess to pay off debt. Highest interest rate debt first. Getting out of debt is liberating!
by goodenyou
Wed Sep 19, 2012 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies for the Election Year, Fiscal Cliff
Replies: 18
Views: 2221

Re: Strategies for the Election Year, Fiscal Cliff

Haven't you heard--The market climbs a wall of worry. Of course, once the market climbs the wall to the top, it could then fall off the cliff--or not. Paul Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. [Political reference removed by admin LadyGeek] Couldn't put Humpty together again.
by goodenyou
Tue Aug 07, 2012 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Annuity
Replies: 10
Views: 1702

Re: Inherited Annuity

I had this exact issue last year. MIL died, fixed annuity in an IRA (big no no) and I transferred it to Vanguard into an inherited IRA in my wife's name. She takes the minimum distributions each year based on MIL age at death and we pay ordinary income taxes on it. I just sent a letter to annuity c...
by goodenyou
Tue Aug 07, 2012 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Most conservative/defensive portfolio possible
Replies: 36
Views: 3995

Re: Most conservative/defensive portfolio possible

nirvines88 wrote:Image

Perhaps?
Unless the house catches on fire.
by goodenyou
Tue Aug 07, 2012 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Annuity
Replies: 10
Views: 1702

Re: Inherited Annuity

I had this exact issue last year. MIL died, fixed annuity in an IRA (big no no) and I transferred it to Vanguard into an inherited IRA in my wife's name. She takes the minimum distributions each year based on MIL age at death and we pay ordinary income taxes on it. I just sent a letter to annuity co...
by goodenyou
Sun Apr 29, 2012 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: The ole' question--to pay off the mortgage or not.
Replies: 42
Views: 3536

Re: The ole' question--to pay off the mortgage or not.

Didn't the paid off mortgage replace the BMW as the status symbol of choice? :D
by goodenyou
Mon Apr 02, 2012 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Poll:Tax-Privileged vs. Taxable: Which has more?
Replies: 57
Views: 2856

Re: Poll:Tax-Privileged vs. Taxable: Which has more?

Where would you guys place muni bonds or I-bonds in terms of taxable/tax-advantaged classification? Well, my munis are in my taxable account at Vanguard. I can sell them at anytime and replace them with a stock fund in taxable. It's true I could sell a fund in my IRA, withdraw it, pay the taxes and...
by goodenyou
Sun Apr 01, 2012 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Poll:Tax-Privileged vs. Taxable: Which has more?
Replies: 57
Views: 2856

Re: Poll:Tax-Privileged vs. Taxable

sscritic wrote:Post your ratio to give a more complete picture. I am roughly 40/60 (privileged/not) aka 2:3.
Great Idea...and let's add age

I am about 25/75 (privileged/not) aka 1:3
Age:46
by goodenyou
Sun Mar 25, 2012 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: What was your Savings Rate in 2011?
Replies: 123
Views: 9607

Re: What was your Savings Rate in 2011?

tsfdma wrote:I love these forums. Where else can a guy save 25% of his salary, and in doing so feel like a fiscal degenerate? :D :D :D
These types of forums are fertile ground for the Lake Wobegon Effect :D
by goodenyou
Fri Mar 23, 2012 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: What was your Savings Rate in 2011?
Replies: 123
Views: 9607

Re: What was your Savings Rate in 2011?

70%....paid off the mortgage in 2010.....
by goodenyou
Sun Mar 11, 2012 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Managing Massive Law School Debt
Replies: 144
Views: 9558

Re: Managing Massive Law School Debt

Yes medical school and law school are bad deals. Is there a pre CEO track in college? Perhaps getting into a top 10 college business school will get you a leg up on Goldman Sachs and other big company CEO positions? A year or two at this job would allow me to retire fairly comfortably :) What you a...
by goodenyou
Sun Mar 11, 2012 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Managing Massive Law School Debt
Replies: 144
Views: 9558

Re: Managing Massive Law School Debt

I think medical school is a better deal than law school financially today as the number of slots is limited. The kicker is, it is hard to get into a US medical school. If you think having $300,000+ of debt, 4 years of medical school, 5-7 years of residency at which time the interest is compounding,...
by goodenyou
Tue Feb 28, 2012 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating Retirement Accounts
Replies: 4
Views: 598

Re: Consolidating Retirement Accounts

What I was thinking of doing was rolling everything into one IRA (one for each one of us) That's a decent idea. converting each to a Roth (paying the taxes) That's a bad idea. Additionally, I have about $460k in a 401(k) that is active, but I have no intentions on converting it to a Roth at this ti...
by goodenyou
Tue Feb 28, 2012 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating Retirement Accounts
Replies: 4
Views: 598

Consolidating Retirement Accounts

I am in the process of "cleaning up" my wife's and my multiple retirement accounts. Just for disclosure, I am 46 yo, wife 44yo, a high income earner, no debt, no mortgage, $2k/month 529 for 3 kids, 35% club on taxes (no state income taxes-TX) and have an employee (my business) 401(k) that I max out ...
by goodenyou
Sun Feb 26, 2012 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: How much is "having made it"?
Replies: 48
Views: 5300

Re: How much is "having made it"?

A person who never knows when enough is enough will never have enough
by goodenyou
Sun Feb 19, 2012 8:49 am
Forum: Investing - Help with Personal Investments
Topic: "A penny saved is two pennies earned"- Andrew Tobias...
Replies: 20
Views: 3714

Re: "A penny saved is two pennies earned"- Andrew Tobias...

I am amazed and really curious how you do it. Are you married? Have kids? You mention that you have a mortgage. Does the 30K you spend every year include your mortgage, the trips to Europe (w/ occasional first class) etc. We make a lot less (125K, DINKS) and save about 40-45% of our income. We do l...
by goodenyou
Thu Feb 16, 2012 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: I-Bonds vs. TIPS (help)
Replies: 16
Views: 1457

Re: I-Bonds vs. TIPS (help)

It's what you can and can't do with these instruments in those intervening 30 years that makes up a lot of the difference. TIPS - you can buy/sell these in the secondary market anytime you like. And they can and will fluctuate in value and you will have to deal with cost of bid/ask spreads and get ...
by goodenyou
Thu Feb 16, 2012 8:05 am
Forum: Investing - Help with Personal Investments
Topic: I-Bonds vs. TIPS (help)
Replies: 16
Views: 1457

Re: I-Bonds vs. TIPS (help)

So if planning to hold for 30 years, there is no reason to choose I-Bonds over 30 year TIPS? Do you really want to lock yourself in to 0.7% + inflation until 2042? Do you not think there might be better rates available at some point in that time frame? You can sell in 2017 without a penalty and buy...
by goodenyou
Thu Feb 16, 2012 7:48 am
Forum: Investing - Help with Personal Investments
Topic: I-Bonds vs. TIPS (help)
Replies: 16
Views: 1457

Re: I-Bonds vs. TIPS (help)

So if planning to hold for 30 years, there is no reason to choose I-Bonds over 30 year TIPS? Do you really want to lock yourself in to 0.7% + inflation until 2042? Do you not think there might be better rates available at some point in that time frame? You can sell in 2017 without a penalty and buy...
by goodenyou
Wed Feb 01, 2012 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Inflation: 10 or 30 year mortgage
Replies: 33
Views: 2930

Re: Inflation: 10 or 30 year mortgage

I hate banks and all the paperwork. I paid it off.
by goodenyou
Sat Jan 28, 2012 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for graduating medical school couple
Replies: 53
Views: 5387

Re: Advice for graduating medical school couple

Thanks everyone for advice. Update : Loan total is $429,000.00 (interest over 4 years was 23k and I added some missing loans). We are definitely going to look into loan repayment positions. There is just no way around it for us. Although our loan amount is large you would be surprised by how many m...
by goodenyou
Tue Jan 24, 2012 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for graduating medical school couple
Replies: 53
Views: 5387

Re: Advice for graduating medical school couple

We have school teachers making $125k/yr in good districts, retiring at 55 with a great pension. Not bad for a 180 day work year, no call, minimal liability and job security. It is a sad day to have to realize this, but our young people are not aware of the financial reality (yet). WHAT? There might...
by goodenyou
Wed Jan 18, 2012 1:28 am
Forum: Investing - Help with Personal Investments
Topic: Advice for graduating medical school couple
Replies: 53
Views: 5387

Re: Advice for graduating medical school couple

Why worry about a home downpayment fund now? When you leave residency you'll earn $400-700k. That's at least $250k after tax. So, rent an apt for 1 year, use that time to pick your neighborhood, and save the whole downpayment that 1st year. If you want a really nice house, rent for 18 months. I wou...
by goodenyou
Wed Jan 18, 2012 12:51 am
Forum: Investing - Help with Personal Investments
Topic: Advice for graduating medical school couple
Replies: 53
Views: 5387

Re: Advice for graduating medical school couple

Why worry about a home downpayment fund now? When you leave residency you'll earn $400-700k. That's at least $250k after tax. So, rent an apt for 1 year, use that time to pick your neighborhood, and save the whole downpayment that 1st year. If you want a really nice house, rent for 18 months. I wou...
by goodenyou
Wed Jan 18, 2012 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Advice for graduating medical school couple
Replies: 53
Views: 5387

Re: Advice for graduating medical school couple

Seems criminal in the current interest rate environment to pay 6+ percent for medical school loans?? What bulls-it. Less and less incentive to go into medicine every year.... :? You are correct. Less financial incentive is one thing, but this is financial peril. There are a lot of bright minds that...
by goodenyou
Wed Jan 18, 2012 12:29 am
Forum: Investing - Help with Personal Investments
Topic: Advice for graduating medical school couple
Replies: 53
Views: 5387

Re: Advice for graduating medical school couple

Seems criminal in the current interest rate environment to pay 6+ percent for medical school loans?? What bulls-it. Less and less incentive to go into medicine every year.... :? You are correct. Less financial incentive is one thing, but this is financial peril. There are a lot of bright minds that...