Search found 13126 matches

by White Coat Investor
Sun Jul 01, 2007 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: If not national health care...then what, exactly?
Replies: 112
Views: 38268

Let me reject the premise. But the bottom line issue isn't "right" or "priviledge", it is efficiency. Without some acceptable level of public health, we can't function efficiently. The question becomes how to administer the required level of healthcare to guarantee acceptable health in the most cos...
by White Coat Investor
Sun Jul 01, 2007 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think of this taxable portfolio?
Replies: 13
Views: 3118

Re: What do you think of this taxable portfolio?

Ignore tax-exempt accounts in this allocation. There just isn't much in there to be anything meaningful in my situation. My tax bracket is 28% and I live in a no-income tax state so I don't need a state specific muni. I've settled on 80/20 as my equity/bond allocation. 50/50 as my equity domestic/i...
by White Coat Investor
Sun Jul 01, 2007 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: If not national health care...then what, exactly?
Replies: 112
Views: 38268

i'd create buckets for "a right", "a privilege", and "it depends": - emergency care due to car accident? a right - cosmetic surgery of any type? a privilege - high blood pressure meds? a right - viagra? a privilege - organ transplant? it depends. for a chronic alcoholic in prison w/ cirrhosis? a pr...
by White Coat Investor
Sun Jul 01, 2007 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: If not national health care...then what, exactly?
Replies: 112
Views: 38268

Re: Physician incomes

It is based on self-reporting at a time when it is fashionable for physicians to poor-mouth themselves. It is data for family physicians, a specialty that is widely recognized to be under financial stress compared to non-primary care specialties. Nonetheless, the 1993 mean income is shown as $146,0...
by White Coat Investor
Sun Jul 01, 2007 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: If not national health care...then what, exactly?
Replies: 112
Views: 38268

My Opinion: All healthcare is a privilege. Would I like to see a basic level of healthcare extended to all members of our society? Sure. I'd even accept a higher tax rate to pay for it. But to call it a right? No, that doesn't jive with me. Calling something a "right" produces a sense of entitlement...
by White Coat Investor
Sun Jul 01, 2007 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: If not national health care...then what, exactly?
Replies: 112
Views: 38268

Re: Healthcare a right?

I think it is already a right in some respects. I don't think a hospital or emergency room can deny immediately necessary care to anyone without serious financial repercussions and perhaps criminal ones as well. EmergDoc will be able to give us the skinny here. EMTALA (Emergency Medical Treatment A...
by White Coat Investor
Sun Jul 01, 2007 8:09 am
Forum: Personal Finance (Not Investing)
Topic: If not national health care...then what, exactly?
Replies: 112
Views: 38268

To properly have this debate, we must first decide whether health care is a right or a privilege. If a right, then there should be socialized medicine. If a privilege, then there are a number of options available.
by White Coat Investor
Sun Jul 01, 2007 8:06 am
Forum: Investing - Theory, News & General
Topic: Equity style rotation
Replies: 550
Views: 177172

Doc, REITS will stay down from 2 to 7 years as they are in the negative part of the cycle. Get out now or continue losing! Can you be a little more specific? :) 2-7 years? Come on. Why don't you just say the next 1 month-20 years, it is about as helpful. You may be right, but I'm not going to chang...
by White Coat Investor
Sun Jul 01, 2007 8:01 am
Forum: Investing - Theory, News & General
Topic: Different personal savings rates, which one is standard?
Replies: 26
Views: 9662

Not sure there's a standard. I do mine this way: Denominator=All income including investment income, non-taxable income, and taxable income. Numerator=All money put into retirement accounts or other investments (including reinvested income), and money put toward the principle of mortgage or other lo...
by White Coat Investor
Sat Jun 30, 2007 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: short term reserves in a portfolio
Replies: 10
Views: 5583

I have "short-term reserves" in my portfolio because 1) I still count my emergency fund as part of my portfolio because it represents so much money compared to my measly portfolio and 2) because I have some money in the TSP's G Fund. My parents, who are on the cusp of retirement, have about 10% of t...
by White Coat Investor
Sat Jun 30, 2007 4:26 pm
Forum: Investing - Theory, News & General
Topic: Article: High Earners Can Still Struggle
Replies: 44
Views: 14826

Somehow I hit post twice.
by White Coat Investor
Sat Jun 30, 2007 4:26 pm
Forum: Investing - Theory, News & General
Topic: Article: High Earners Can Still Struggle
Replies: 44
Views: 14826

How successful were you at living on $35,000 a year (2007 dollars) with a couple kids, no employer health insurance and still able to save $5000 per year? I'm not saying it's impossible but it has to be very difficult. I'm not surprised that most families can't do that. I did it for 3 straight year...
by White Coat Investor
Sat Jun 30, 2007 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Young Boglehead needs advice
Replies: 11
Views: 3455

Re: Target Retirement

NORTON wrote: my 2nd thought was a 100% stock S&D. :D
Slice and Dice 5K? Nope, TR 2050 is perfect for him.
by White Coat Investor
Sat Jun 30, 2007 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Larry & Rick
Replies: 66
Views: 26781

Thanks to both Rick and Larry for posting thier allocations. I have read books by each author, and its very informative to see what allocation each is actually using in respect to thier books. "The equities are about 50% US TM SV, 35% ISV and 15% EMV, all DFA funds" I assume that is 50% US total ma...
by White Coat Investor
Fri Jun 29, 2007 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Big Rocks
Replies: 11
Views: 3103

Keep the rubber side down and you'll be fine.
by White Coat Investor
Fri Jun 29, 2007 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Top 10 reasons why you might be a Diehard
Replies: 24
Views: 7707

10 Top Reasons You Might Be a Diehard

It was a thread like this that caused me to ante up my $5 and join the morningstar board. 1) You spend your free time arguing the merits of a value tilt. 2) Diehards.org is your homepage 3) You KNOW Larry and Rick will never agree. 4) You actually know the shortlist for Diehards VII and have lobbied...
by White Coat Investor
Fri Jun 29, 2007 4:36 pm
Forum: Investing - Theory, News & General
Topic: Equity style rotation
Replies: 550
Views: 177172

matt wrote:"Winners in one year tend to remain winners in the following year and losers have an even stronger tendency to remain losers."

In other words, stay the hell away from REITs and homebuilders for another year.
Will you let me know when to get back in?
by White Coat Investor
Fri Jun 29, 2007 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: I-Phone Hype
Replies: 55
Views: 21947

What's an iphone?

By the name I assume an ipod/cell phone, but I haven't seen one or even an ad for one. It feels good to be impervious to the consumer good industry's advertising dollars.

At any rate, seems like a good idea for someone who owns neither, wants both, and has limited pocket space.
by White Coat Investor
Fri Jun 29, 2007 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA-choose Vanguard funds
Replies: 3
Views: 1222

Re: Simple IRA-choose Vanguard funds

Hey guys, any help would be appreciated. I was referred to your forum from an MSN money forum. I just graduated college, now working for a small company that offers a simple IRA program. I am 23 years old and have no clue on what to choose for my portfolio. A couple of weeks ago, I chose three fund...
by White Coat Investor
Thu Jun 28, 2007 9:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market- the last 20 years
Replies: 5
Views: 2449

I have been very pleased with my first Vanguard fund. I cannot recommend it highly enough.
by White Coat Investor
Thu Jun 28, 2007 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Please review new boglehead's AA
Replies: 7
Views: 3076

Re: Please review new boglehead's AA

Dear Bogleheads, I am a 39 and in the 35% tax bracket. I started saving for retirement 5 years ago. So far I read Bogleheads, All about Asset Allocation, All about Index Funds. Finally I came up with this AA. Equity 60% (23% international) - Bonds 40% I will appreciate your inputs about allocation ...
by White Coat Investor
Thu Jun 28, 2007 9:23 pm
Forum: Investing - Theory, News & General
Topic: Will Value outperform Growth? should we have a value tilt?
Replies: 18
Views: 4780

I think the odds are 60-70% that a value tilt will pay off over my investing horizon. That's good enough for a slight value tilt. How I arrive at that number is not scientific, so don't ask.
by White Coat Investor
Thu Jun 28, 2007 9:20 pm
Forum: Investing - Theory, News & General
Topic: Article: High Earners Can Still Struggle
Replies: 44
Views: 14826

Consider that half of U.S. households are trying to raise a family on less than $45K a year, many considerably less, when you hear about the low savings rate. Also, many do not have employer health insurance. It can't be easy. For every family making $40K per year there is a family down the street ...
by White Coat Investor
Wed Jun 27, 2007 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: how much to spend on an engagement ring?
Replies: 190
Views: 79455

Spend "enough." No less, no more. Personally, if I were you, I'd be looking at 5-10K. I spent 2.5K 8 years ago and my wife is still happy with it, of course I made 13K a year back then, so it seemed to me to be "2 month's salary."
by White Coat Investor
Tue Jun 26, 2007 8:29 pm
Forum: Investing - Theory, News & General
Topic: Credit obligations too high for CC approval
Replies: 35
Views: 13161

Wow lots of responses! First, why do you need a credit history? To get a decent mortgage from the bank a few years from now should I want to get a house. Those who have the discipline to do that likely also have the discipline to use their credit card no differently than they use cash. This is the ...
by White Coat Investor
Tue Jun 26, 2007 8:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity?
Replies: 8
Views: 3376

Vanguard's inexpensive variable annuity is essentially a non-deductible IRA without the low 4K/year cap on contributions. An investment vehicle like this makes sense for someone with a long investment horizon who desires to invest in tax-inefficient assets (like bonds or REITS.) When your Roth IRAs ...
by White Coat Investor
Tue Jun 26, 2007 7:21 pm
Forum: Investing - Theory, News & General
Topic: Credit obligations too high for CC approval
Replies: 35
Views: 13161

Re: Myth (warning: rant)

I feel a rant coming.....Listen to me on this. I agree that most of us need to use credit much less often than it is used. However, I disagree that we never need credit and that credit scores are absolutely useless. I think a college student is well-served by getting ONE credit card with a low (<$1...
by White Coat Investor
Tue Jun 26, 2007 7:04 pm
Forum: Investing - Theory, News & General
Topic: what if you’re wrong?
Replies: 41
Views: 15649

If I'm wrong I'll simply work longer. Same thing that happens if I'm wrong that stocks will outperform bonds. Same thing that happens if I'm wrong about my overall investment returns. Same thing that happens if I live a more expensive lifestyle than I currently plan. No biggie.
by White Coat Investor
Tue Jun 26, 2007 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: No income tax states - what's the catch?
Replies: 102
Views: 40104

Nitsuj wrote:Alaska doesn't pay you to live there anymore.
Au contraire.

http://www.pfd.state.ak.us/
by White Coat Investor
Tue Jun 26, 2007 5:31 pm
Forum: Investing - Theory, News & General
Topic: FundAlarm Annex: Passive > Active A Myth
Replies: 14
Views: 3613

An awful lot of beating around the bush with very little substance behind the argument. Essentially he states that passive investing is actually active investing without addressing the real reason that passive investing works, low cost.
by White Coat Investor
Mon Jun 25, 2007 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Lawyers and other Law School Gurus
Replies: 19
Views: 5527

mlebuf wrote:

Congratulations, Emerg Doc. Knowing John and a little bit about his values, you just sold him on ASU and Tempe. Case closed. :D

Best wishes,
Michael
Hey, I said a little. It's still the intermountain west. Liberal in Arizona is the equivalent of conservative on the West Coast.
by White Coat Investor
Mon Jun 25, 2007 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Lawyers and other Law School Gurus
Replies: 19
Views: 5527

I'm curious as to why you so strongly prefer The University of Arizona to Arizona State. They were both ranked in the top 50, with U of A having a slight edge, but they were almost identical in starting salaries. I know that 90 minutes away isn't much, but I'd love to have the opportunity to work a...
by White Coat Investor
Mon Jun 25, 2007 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of this actively-managed fund (ADVDX)
Replies: 15
Views: 5426

I assume you hold this in a tax-protected account. It is highly tax inefficient, even without capital gains distributions. I agree with you in that it certainly has an interesting strategy. Keep in mind that its recent high returns are due to a significant international and mid-cap/small-cap tilt. T...
by White Coat Investor
Mon Jun 25, 2007 11:09 am
Forum: Investing - Help with Personal Investments
Topic: question for you experts
Replies: 29
Views: 9108

If all you need is a 5% return, why not just buy some 30 year treasuries. They're yielding about that now.

Don't take more risk than you need to take. If you tell us a little more about you, I wouldn't be surprised if you needed a little more return than that to meet your goals.
by White Coat Investor
Mon Jun 25, 2007 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Preparing to invest
Replies: 10
Views: 2627

Once that's fully funded I think the question becomes wether to fund the 403b or fund a taxable account instead. Conventional wisdom would make this choice an apparent slam-dunk in favor of the 403b plan, All that being true in my particular case (3 457 plans to choose from with varying expenses/fu...
by White Coat Investor
Mon Jun 25, 2007 10:58 am
Forum: Investing - Theory, News & General
Topic: Equity style rotation
Replies: 550
Views: 177172

Re: Equity Style

In actuality I use the MSCI AC World Index as my benchmark. Over the past 10 years my returns have been 1.8% higher. Not so much, but substantial over time. The S and P is a poor standard. My strategy, which I derived from academic papers, takes advantage of some of the inefficiencies in the market...
by White Coat Investor
Mon Jun 25, 2007 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Preparing to invest
Replies: 10
Views: 2627

I disagree. I would use the Roths first if your marginal tax rate is 25% or lower. Roths are a lot more flexible and an IRA gives you more low cost choices than the typical 403b. Without a match, I would max out the Roth and then work on contributing into the 403b, unless you are in a high tax brack...
by White Coat Investor
Mon Jun 25, 2007 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Efficient frontier for workclothes?
Replies: 22
Views: 7906

LOLLOL Doc. Unfortunately, not many employers think medical scrubs and lab coats are acceptable attire in their workplaces. :P vickie Business casual takes on a whole new meaning :) There are a few other lines of work you can do in your PJs though. I'm sure several of the engineers on here work fro...
by White Coat Investor
Mon Jun 25, 2007 7:09 am
Forum: Personal Finance (Not Investing)
Topic: What is your opinion about tattoos?
Replies: 118
Views: 46231

Re: Regret My Tattoo

tattoo artists can completly cover adn replace it with smoething you think is beautiful, so you can change your smoking tattoo to something meaningful or artistic. no need to live in regret! Tattoo removal takes many sessions, doesn't not return the skin to its previous appearance, and is considere...
by White Coat Investor
Mon Jun 25, 2007 7:07 am
Forum: Personal Finance (Not Investing)
Topic: What is your opinion about tattoos?
Replies: 118
Views: 46231

Re: reply

Kathleen Ryan wrote:
You did misquote me. I asked, What is your opinion of tattoos with the option of: I hate them. (the tattoos not the person with the tattoo.)
True, it was a misquote, sorry about that. I ended up going with the neutral option, as I felt that was closest to my opinion.
by White Coat Investor
Sun Jun 24, 2007 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: How do i invest (newbie)
Replies: 20
Views: 4903

Thank you! for your advice YDNAL and EMERGDOC sorry i didn't mention how much i make a year. I make around 130,000 thousand dollars a year but my job is not stable i could make more or less each year depends on my performance. also i see that you didn't invest in none of my portfolio i was thinking...
by White Coat Investor
Sun Jun 24, 2007 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: What is your opinion about tattoos?
Replies: 118
Views: 46231

Re: reply

Do you think that war veterans with tattoos of the the branch of service they were in, or the company they were in, or memorial tattoos of people who have died in combat that they knew, should also be looked down upon, or do you make a distinction for these men and women? What about the gang-banger...
by White Coat Investor
Sun Jun 24, 2007 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: What is your opinion about tattoos?
Replies: 118
Views: 46231

In an emergency department/trauma center a high tattoo/tooth ratio correlates with a higher rate of survival. I agree with the others that the poll doesn't give any acceptable options between I hate those with tattoos and tattoos are the bomb. I was looking for something like this: When I see someon...
by White Coat Investor
Sun Jun 24, 2007 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Tax rate
Replies: 12
Views: 3114

BTW, I think everyone should try to do their own taxes. It really opens your eyes how little in taxes you really pay. Or alternatively, how much! And don't forget to add in your social security and medicare taxes (more than your federal income taxes for most Americans), your property taxes, sales t...
by White Coat Investor
Sun Jun 24, 2007 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Admiral Treasury Money Market Fund
Replies: 22
Views: 8286

Re: What about Federal MM?

While I believe all Vanguard MM Funds are very safe, it seems to me that the federal MM offers more real or apparent safety compared with Prime, but almost the yield of Prime MM. dan Please tell me you don't really worry about the safety of Prime MM. If you do you probably shouldn't be investing in...
by White Coat Investor
Sun Jun 24, 2007 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Efficient frontier for workclothes?
Replies: 22
Views: 7906

The ideal is to find a job where you can walk in in the exact same thing you wore to bed (and maybe even to work yesterday) and no one notices.
by White Coat Investor
Sun Jun 24, 2007 8:30 pm
Forum: Personal Consumer Issues
Topic: Do you like math?
Replies: 110
Views: 29791

You guys are a bunch of friggin' math nerds. They always said the nerds would be the richest, right? Sure, everyone needs to know basic arithmetic (including fractions,) but I think math hasn't been particularly useful above the algebra level. Trig? Geometry? Calculus? Give me a break. Useless for t...
by White Coat Investor
Sun Jun 24, 2007 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: How do i invest (newbie)
Replies: 20
Views: 4903

First, a very sincere welcome to the forum. Second, the disclaimer. I have no idea if you are allowed to use any of the following vehicles OR specific funds. Third, I have no idea how much you make since you didn't supply either a tax bracket or an income level. Now, my bad advice (remember I'm just...
by White Coat Investor
Sun Jun 24, 2007 6:42 pm
Forum: Investing - Theory, News & General
Topic: How much of your portfolio is in index funds?
Replies: 35
Views: 13647

All of it, unless you're a true purist and don't count Prime, Vanguard TIPS, or BRSIX. If those are non-index, then I may have 25% non-indexed.