Search found 647 matches

by ks289
Sat Jun 23, 2012 5:28 am
Forum: Investing - Theory, News & General
Topic: What are you doing to protect yourself from another 2008?
Replies: 54
Views: 5400

Re: What are you doing to protect yourself from another 2008

Maintaining a slightly larger emergency fund....just in case. 12 months.

Long term strategy and asset mix hasn't changed.
by ks289
Thu Jun 21, 2012 10:27 am
Forum: Personal Consumer Issues
Topic: Cost of Sports Events
Replies: 54
Views: 3946

Re: Cost of Sports Events

HDTV and DVR have made going to games a lot less attractive, particularly pro football where NFL Sunday ticket and Redzone make watching at home great. Would rather watch 3-4 good games at the same time at home than one game and sit through bunch of TV timeouts. Cost is pretty tough to swallow (Red ...
by ks289
Wed Jun 20, 2012 4:54 am
Forum: Personal Finance (Not Investing)
Topic: Sports budget sanity check and suggestions
Replies: 44
Views: 5020

Re: Sports budget sanity check and suggestions

Thanks for all the replies so far. I will address some of the clarifications- * Retirement is covered to the extent possible and feel comfortable. * Kids - boys 9 & 13, good level, talent and ranked but neither have enough to be a pro. They could get college scholarship, that is possible. * Yes...
by ks289
Mon Jun 18, 2012 10:25 am
Forum: Investing - Theory, News & General
Topic: Market Timing Question
Replies: 36
Views: 2607

Re: Market Timing Question

Our esteemed Larry Swedroe has some Buffett ANTI MARKET TIMING quotes http://www.cbsnews.com/8301-505123_162-37841089/the-smartest-things-ever-said-about-market-timing/ Recent article on Fool.com also attempts to demonstrate the fact that Buffett is not in the practice of timing the market. http://w...
by ks289
Sun Jun 17, 2012 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue job switch from private to federal.
Replies: 53
Views: 6012

Re: Pursue job switch from private to federal.

Getting back to the actual discussion though, I believe that cheap_rookie's link to the CBO data was excellent and a very fair comparison of federal vs. private compensation that controlled for possible confounding variables namely education, experience, region, etc. (what you call cherry picking). ...
by ks289
Sat Jun 16, 2012 1:43 pm
Forum: Personal Investments
Topic: 45 and wondering if I should stop investing altogether?
Replies: 67
Views: 9448

Re: 45 and wondering if I should stop investing altogether?

Welcome! You've done well to amass what you have and put your family on firm footing. I would echo the earlier posts about your investing strategy, but that really wasn't the focus of your question. Also, i was not sure whether you meant stop trading and park it in lower risk investments or rather a...
by ks289
Fri Jun 15, 2012 10:43 am
Forum: Investing - Theory, News & General
Topic: How to be a successful investor
Replies: 11
Views: 2565

Re: How to be a successful investor

Outstanding article Larry.
I'm relatively new to the site and went back and read some of your prior posts/columns as well.
Great words of encouragement to a value investor.
by ks289
Wed Jun 13, 2012 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Renting Vs. Owning at 22
Replies: 83
Views: 7006

Re: Renting Vs. Owning at 22

I don't think what anyone has said about your assertions is out of line. So you luckily bought at the right time, congrats. If you want to claim to be some great real estate forecaster I would take it you sold in 2006 for a huge profit and are looking for the market to bottom to purchase again. Thi...
by ks289
Wed Jun 13, 2012 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 24068

Re: Ivy League Myths Uprooted

The question of whether it helps to have attended the same school as the CEO is an interesting one. It would be interesting to know whether University of Massachusetts graduates had any kind of "edge" getting jobs at GE during Jack Welch's tenure. It probably does. There's no doubt in my ...
by ks289
Wed Jun 13, 2012 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Inter-generational Living: Does it work?
Replies: 59
Views: 5841

Re: Inter-generational Living: Does it work?

Lots of experience growing up in a multigenerational home with grandparents and also as an adult with in-laws in separate living space within our home. The simple answer is YES is does work, but usually the parties involved must manage the arrangement and relationships to adequately meet everyone's ...
by ks289
Wed Jun 13, 2012 4:20 am
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 24068

Re: Ivy League Myths Uprooted

Yes, i have come across this before. It is clear that this article supports the sentiments of many on this message board, and the pure money numbers are hard to dispute. When you start out hundreds of thousands of dollars behind, it is not surprising that it would be difficult to make up the differe...
by ks289
Tue Jun 12, 2012 8:33 am
Forum: Personal Finance (Not Investing)
Topic: The bogleheads' approach to spending on education
Replies: 20
Views: 2161

Re: The bogleheads' approach to spending on education

thanks for the great input. Texasdiver great analysis.

any thoughts on spending more (or sacrificing in some other ways) to live in a town with "top notch" schools vs a town with "good" schools. Is this non-boglehead thinking?
by ks289
Mon Jun 11, 2012 12:04 pm
Forum: Personal Investments
Topic: We inherited $200,000 and here is my synopsis of the market
Replies: 163
Views: 14057

Re: We inherited $200,000 and here is my synopsis of the mar

Tom T....I have no idea when or what level the market will be safe.It may never be safe.This whole line began because I said it was not wise to plunk down a 200k inheritance in a lump sum today but wait for the market to correct some more.I would dollar cost avg if I wanted to put it in the market....
by ks289
Mon Jun 11, 2012 8:07 am
Forum: Personal Finance (Not Investing)
Topic: The bogleheads' approach to spending on education
Replies: 20
Views: 2161

Re: The bogleheads' approach to spending on education

Correct. Always many variables that are hard to explore at the same time. What I am trying to understand better (and perhaps change my own thinking about) is when the costs of "big name" education confer value/return on investment. - In particular, it seems with colleges/graduate schools ...
by ks289
Mon Jun 11, 2012 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Do new people often take the advice offered here?
Replies: 53
Views: 4633

Re: Do new people often take the advice offered here?

Long story, short: I had an acct with Edward Jones for years. I had already read several of the books recommended around here - at least one of which actually recommended this website, so I was leaning in this direction anyway. But I've no doubt the contributers here are the reason I had the confid...
by ks289
Mon Jun 11, 2012 6:04 am
Forum: Personal Finance (Not Investing)
Topic: The bogleheads' approach to spending on education
Replies: 20
Views: 2161

Re: The bogleheads' approach to spending on education

1. Do bogleheads favor going to a solid state university or paying/borrowing (let's say $80K) more for a top 10 national university? Not really a fair comparison, since top 10 universities have so much financial aid to offer, unless your income/wealth is so high you won't be greatly impacted by the...
by ks289
Sun Jun 10, 2012 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: The bogleheads' approach to spending on education
Replies: 20
Views: 2161

The bogleheads' approach to spending on education

I am relatively new to the site and have been extremely impressed with the outstanding knowledge being shared on a myriad of subjects. While I wholeheartedly agree with the tenets of the bogleheads approach (particularly "costs matter"), I personally feel that spending more for an elite ed...
by ks289
Sun Jun 03, 2012 6:17 pm
Forum: Personal Investments
Topic: Financial advisor vs going solo
Replies: 24
Views: 2103

Re: Financial advisor vs going solo

Agree that having a straightforward boglehead plan takes little time or effort to maintain the investment portfolio,but I have sought advice from advisor in the past regarding how much life/disability insurance to have, estate planning, estimating college costs. I probably would wait to hire someone...
by ks289
Sun Jun 03, 2012 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 507
Views: 143252

Re: Anyone regret paying off mortgage early?

I've heard/read suggestions from some "financial experts" that one should not be concerned about paying off a mortgage unless one plans to stay in that house in retirement (or forever?). Do these financial experts sell investments, and make money when you buy investments, but not when you...
by ks289
Sun Jun 03, 2012 10:26 am
Forum: Personal Investments
Topic: I need a "buy and hold" pep talk.
Replies: 49
Views: 4406

Re: I need a "buy and hold" pep talk.

Obviously staythecoarse doesn't understand quality stocks and bonds. So I would rate his response as mute. He might not understand the difference from a AAA rated corporate bond from an A rated corporate bond, or a BBB- rated bond or a BA2 rated bond. And probably doesn't understand alfa, the mean,...
by ks289
Sun Jun 03, 2012 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 507
Views: 143252

Re: Anyone regret paying off mortgage early?

I regret not paying my mortgage off sooner. I left a ton of money sitting in cash equivalents waiting for interest rates to rise. I guess I could have allocated 100% of my money to riskier assets but then I'm not an idiot so I didn't do that. I think anyone advocating investing in lieu of paying of...
by ks289
Sun Jun 03, 2012 5:38 am
Forum: Personal Consumer Issues
Topic: Applying to Medical School
Replies: 34
Views: 3225

Re: Applying to Medical School

Cost is certainly important when reputation and competitiveness is comparable. Certain states have top tier schools with substantial ($20+K annually) savings (Washington, Michigan) while other states have bottom tier schools with substantial savings - won't go there since these are still obviously q...
by ks289
Sun Jun 03, 2012 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 507
Views: 143252

Re: Anyone regret paying off mortgage early?

From other similar topics on this board, I think this topic will generate near 100% satisfaction rate among those paying off mortgage early, but we'll see.
Perhaps should start a topic looking for those who regret NOT paying off mortgage early also.
by ks289
Sat Jun 02, 2012 3:51 pm
Forum: Personal Consumer Issues
Topic: Whats the best DOG friendly HOTEL chain in CA
Replies: 5
Views: 672

Re: Whats the best DOG friendly HOTEL chain in CA

I was very satisfied with Residence Inn by Marriott. Kids enjoyed the waffles and breakfast buffet (for people only) but dogs liked the suite and having a little room to roam around.

If looking to spend top dollar, westin is nice of course.
by ks289
Sat Jun 02, 2012 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage because it FEELS good?
Replies: 125
Views: 11703

Re: Pay off mortgage because it FEELS good?

John2525, for the last three years I've followed the strategy you're preaching. I've had the ability to pay off 80% of my mortgage which originally was 4.25% but is now 3.00% (5/5 ARM from PenFed just refinanced) but chose to keep it waiting for some magical time when interest rates would rise. So ...
by ks289
Sat Jun 02, 2012 5:13 am
Forum: Personal Consumer Issues
Topic: Applying to Medical School
Replies: 34
Views: 3225

Re: Applying to Medical School

Agree with Neal that the name of the medical school matters to some degree for applying to top residencies in competitive specialties. Comparing match lists for different schools in terms of specialty and reputation will demonstrate this. Some fields (in my day these were dermatology, certain surgic...
by ks289
Mon May 28, 2012 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage because it FEELS good?
Replies: 125
Views: 11703

Re: Pay off mortgage because it FEELS good?

John2525 is NOT ignoring risk or making overly rosy assumptions in his calculations. I believe he is vociferously supporting his viewpoint as vociferously as mortgage pre-payers support theirs. Long term (30 year) returns for the S&P for the last 80 years never were below 8% (yes yes yes- there ...
by ks289
Mon May 28, 2012 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Should we move to a small college town?
Replies: 14
Views: 1992

Re: Should we move to a small college town?

Losing that much income without too much of a decline in expenses (perhaps save on school tuition if schools great in the college town) sounds risky for your age and situation. It could be hard to find an opportunity which pays more down the road if you needed it (more kids, further loss of income, ...
by ks289
Sun May 27, 2012 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance do I need?
Replies: 14
Views: 1472

Re: How much life insurance do I need?

Agree that doubling to $2M is reasonable. Would also make sure your spouse is adequately covered regardless of her current working status. My wife and I are both physicians with 2 young kids and carry $3M EACH, mainly because of how inexpensive term life insurance can be and how devastating it would...
by ks289
Sun May 27, 2012 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage because it FEELS good?
Replies: 125
Views: 11703

Re: Pay off mortgage because it FEELS good?

In terms of risk, certainly saving and investing money for long term goals has risk. Let us not ignore the risks of aggressively paying down debt as well (not saving sufficiently for retirement, college, etc or perhaps even emergency fund). The freedom of having no mortgage debt does not eliminate o...
by ks289
Sun May 27, 2012 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage because it FEELS good?
Replies: 125
Views: 11703

Re: Pay off mortgage because it FEELS good?

I agree with the OP that there is widespread emphasis placed on paying off debt. Nobody would argue that the emotions can be or should be eliminated from our financial decisions. --- To me, the long term goals of saving for retirement and college are just as important as having no debt. Because of a...
by ks289
Tue Apr 24, 2012 9:15 am
Forum: Personal Consumer Issues
Topic: How is it possible to save and get out of debt?
Replies: 83
Views: 7355

Re: How is it possible to save and get out of debt?

the obvious - stop spending - necessary purchases that are super expensive. Juxtaposing these two statements indicates that certain discretionary spending is important to you - this is true (to a varying extent) for all of us. Clearly saving and paying off debt are equally/more important to you as ...
by ks289
Tue Apr 24, 2012 6:39 am
Forum: Investing - Theory, News & General
Topic: Lesser of two evils: House or cash for kids ???
Replies: 62
Views: 4370

Re: Lesser of two evils: House or cash for kids ???

The "tough love" and "sink or swim" type of philosophy certainly can teach values and skills for some, but that is NOT always the issue when it comes to financial independence. There are clearly things that are outside our control and providing help (not just money) does not alwa...
by ks289
Mon Apr 23, 2012 8:18 pm
Forum: Personal Investments
Topic: Med student trying to generate passive income.
Replies: 34
Views: 5477

Re: Med student trying to generate passive income.

More opportunities to generate side income when in practice relating to opportunities for ancillary income (owning lab, radiology), ambulatory surgical center, pathology, etc, although these are clearly not "passive". Perhaps the ship has already sailed on these types of opportunities anyw...
by ks289
Mon Apr 23, 2012 7:11 am
Forum: Investing - Theory, News & General
Topic: Lesser of two evils: House or cash for kids ???
Replies: 62
Views: 4370

Re: Lesser of two evils: House or cash for kids ???

Allowing kids to fail may not always be best solution or recipe for long term success. Agree however with any plan which promotes tools for long term self-sufficiency/success. Agree that creating incentives for the recipient (more "strings" attached or creating a less "comfortable&quo...
by ks289
Fri Apr 20, 2012 11:47 am
Forum: Personal Consumer Issues
Topic: Newest Honda Civic versus old Accord
Replies: 26
Views: 4413

Re: Newest Honda Civic versus old Accord

very loyal honda accord owner also, but decided to go with subaru (legacy) recently for new vehicle. if traction/winter driving are high priorities, subaru is pretty impressive for small/mid size reasonably priced quality.
by ks289
Fri Apr 20, 2012 4:16 am
Forum: Personal Finance (Not Investing)
Topic: Penn State Honors College Vs. Cornell ... Thank you! Post #1
Replies: 116
Views: 19204

Re: Penn State Honors College Vs. Cornell

Clearly the Penn State engineering supporters have made an outstanding case for their school. Cannot argue with the overwhelming evidence that it is a great program. One point an earlier post brought up that I wanted to echo was the fact that many (as much as 40%) of students planning to study engin...
by ks289
Thu Apr 19, 2012 12:51 pm
Forum: Personal Consumer Issues
Topic: Pet Health Care Spending
Replies: 16
Views: 1652

Re: Pet Health Care Spending

Thanks for all the great wishes. Our dog is pretty miserable in the ICU still recovering from surgery. We hope he will start recovering his leg strength over time. I agree that his quality of life/prognosis is always the focus. I have no idea the amount where we would draw a financial cutoff, and ev...
by ks289
Wed Apr 18, 2012 10:53 am
Forum: Personal Consumer Issues
Topic: Pet Health Care Spending
Replies: 16
Views: 1652

Pet Health Care Spending

My geriatric but still healthy black lab recently developed hind leg paralysis from a herniated disc and spinal cord compression. We decided to have him undergo an expensive spine surgery because of a reasonable expectation that he would recover and eventually regain much of his function and quality...
by ks289
Wed Apr 18, 2012 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Med school at 29 year old, is this a viable plan?
Replies: 89
Views: 8690

Re: Med school at 29 year old, is this a viable plan?

From a job satisfaction standpoint med school/residency can be rewarding/exciting, but one cannot expect too much from the next 7-10 years of because of the long hours, little autonomy, stress/competition. From a financial standpoint, LOTS OF UNCERTAINTY about how things will look in 10 years. While...
by ks289
Tue Apr 17, 2012 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Penn State Honors College Vs. Cornell ... Thank you! Post #1
Replies: 116
Views: 19204

Re: Penn State Honors College Vs. Cornell

Great discussion. Your son, just like any other dedicated/talented individual, could succeed coming from either PSU or Cornell. Which school does he prefer? --- I disagree with the prior post comparing higher education with sports cars and luxury homes. There is SOME benefit from attending a more se...
by ks289
Mon Apr 09, 2012 6:52 am
Forum: Personal Consumer Issues
Topic: Which College? 3 years or 4 years?
Replies: 91
Views: 8044

Re: Which College? 3 years or 4 years?

Great discussion. Agree with all the overall assessment that Vandy is a great, well respected, highly selective school which will be economically friendly too. My wife and I both opted to go with the Ivies for undergraduate and medical education with parental assistance and loan repayment programs c...
by ks289
Wed Mar 21, 2012 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Car Purchase: Loan versus Cash
Replies: 26
Views: 2724

Re: Car Purchase: Loan versus Cash

Auto dealerships make as much as 28.5% of their profit from their financing operation according to NADA, so it would not be surprising that dealerships would be unhappy about paying cash or prepaying the entire loan to avoid paying interest. Letting the customer see their displeasure IS pretty silly...
by ks289
Tue Mar 20, 2012 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Trying to Purchase Home. Am I reasonable or just plain cheap
Replies: 44
Views: 3992

Re: Trying to Purchase Home. Am I reasonable or just plain c

Great discussion. It sounds like both you and your wife are very reasonable people but disagree with how aggressive/conservative to be. Neither of you are looking at an interest only mortgage on a mega mansion to refinance/flip like in the bubble days. In all likelihood, both approaches would succee...
by ks289
Tue Mar 20, 2012 7:33 am
Forum: Personal Investments
Topic: What would you do if you were in my situation?
Replies: 22
Views: 2820

Re: What would you do if you were in my situation?

You are doing great with saving for the future (retirement, college) by living below your means. Beyond the usual emergency fund, savings, etc, you are married with a young child so having sufficient life/disability insurance and estate planning (will, living revocable trust, etc) are key considerat...
by ks289
Thu Mar 15, 2012 7:10 pm
Forum: Personal Investments
Topic: 529 Plans
Replies: 9
Views: 1056

Re: 529 Plans

I agree that savingforcollege.com is an excellent site to compare plan options. I also agree that the "advice" that you pay for with advisor sold plans may not be necessary with the excellent choices, particularly age-based options and Vanguard funds that the Utah, Virginia, and others hav...
by ks289
Tue Mar 13, 2012 11:40 am
Forum: Personal Investments
Topic: Max the Roth IRA???
Replies: 11
Views: 1339

Re: Max the Roth IRA???

Without knowing all of your circumstances or having a crystal ball, I would fund 401k with employer contribution but then diversify by funding the Roth IRA (and give up the upfront tax savings/tax-deferred growth) for these reasons: 1. Flexibility - no mandatory withdrawals, opportunity to withdraw ...