Search found 961 matches

by eye.surgeon
Mon Jul 26, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Are Private Universities Worth It Compared to State Universities?
Replies: 104
Views: 4456

Re: Are Private Universities Worth It Compared to State Universities?

I'm a physician so I can speak most directly to my profession but there is little to zero advantage to spending big money on an Ivy League school if your plan is private practice. I suspect the same is true across professions with some rare exceptions, mostly academic careers. As a fellow California...
by eye.surgeon
Fri Jul 23, 2021 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustles
Replies: 62
Views: 7488

Re: Side Hustles

This will come off as a humble brag so I apologize in advance but I make about (removed) per year in physician side hustles, although I work my butt off 7 days a week often 24 hrs night and day to do it. I take call at several local hospitals for pay outside of my private practice, and have partial ...
by eye.surgeon
Thu Jul 22, 2021 3:19 pm
Forum: Investing - Theory, News & General
Topic: Calculating Asset Allocation
Replies: 1
Views: 204

Re: Calculating Asset Allocation

I made my own in excel. Here's an excellent guide by forum member whitecoatinvestor...

https://www.whitecoatinvestor.com/asset ... readsheet/
by eye.surgeon
Thu Jul 22, 2021 11:17 am
Forum: Investing - Theory, News & General
Topic: Why Jack Bogle Doesn't (Didn't) Own Non-US Stocks
Replies: 54
Views: 4998

Re: Why Jack Bogle Doesn't (Didn't) Own Non-US Stocks

I don't think this has been discussed here before, so I am very interested in what people have to say about it. I appreciate well crafted sarcasm :sharebeer but I'd rather see 100 threads on this subject, which very well may be the preeminent investing issue of our lifetime, than which brand of dog...
by eye.surgeon
Wed Jul 21, 2021 4:03 pm
Forum: Personal Investments
Topic: Dry Powder…Am I thinking of this correctly?
Replies: 56
Views: 5614

Re: Dry Powder…Am I thinking of this correctly?

Also keep in mind that after you have a certain amount in a taxable account, an emergency fund becomes redundant in my opinion. Eye Surgeon, how do you think about this threshold? What might the "certain amount" be? 1x, 5x, 10x your yearly expenses in taxable? I would say if you have a ye...
by eye.surgeon
Tue Jul 20, 2021 10:40 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23786
Views: 3106925

Re: U.S. stocks in free fall

It isn't called a random walk in the park for nothing.
by eye.surgeon
Tue Jul 20, 2021 9:58 am
Forum: Personal Investments
Topic: Dry Powder…Am I thinking of this correctly?
Replies: 56
Views: 5614

Re: Dry Powder…Am I thinking of this correctly?

Also keep in mind that after you have a certain amount in a taxable account, an emergency fund becomes redundant in my opinion.
by eye.surgeon
Sat Jul 17, 2021 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth it for my wife to pursue a specialist degree?
Replies: 24
Views: 2116

Re: Is it worth it for my wife to pursue a specialist degree?

It's worth it financially obviously if you don't consider the cost of her time, that's simple math, but it's not a quick buck.
by eye.surgeon
Thu Jul 15, 2021 10:16 am
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 177
Views: 19730

Re: Why leasing a new car is always the best option even if you intend to keep it forever

Here's the same scenario with a different but equally likely set of circumstances. You lease a car with a high interest rate, a lease acquisition fee, and limited miles that prove to be inconvenient. At the end of the lease you decide you want to keep the car. The buy out is $3k higher than blue boo...
by eye.surgeon
Wed Jul 14, 2021 1:24 pm
Forum: Personal Consumer Issues
Topic: Should I finish my engineering degree?
Replies: 71
Views: 4531

Re: Should I finish my engineering degree?

Forget the HOA and councilmembership either way. They are a liability both in regards to time and also legally. You're feeling pressed for time, I'd suggest a class on learning to say no would serve you better than a 3rd Masters degree.
by eye.surgeon
Wed Jul 14, 2021 10:53 am
Forum: Personal Finance (Not Investing)
Topic: How is the Amazon Prime Rewards Visa Signature Card
Replies: 107
Views: 7936

Re: How is the Amazon Prime Rewards Visa Signature Card

It's a no brainer for heavy amazon users. 5% is worth adding the card to your collection.
by eye.surgeon
Tue Jul 13, 2021 10:00 am
Forum: Personal Consumer Issues
Topic: How to save on water costs?
Replies: 91
Views: 6201

Re: How to save on water costs?

Many (most?) lawns don't require irrigation to survive. Cut high, allow grass to go dormant in drought. Most of the time it will re-bound in the fall. We have ours cut at 4 inches. It will brown off in late summer if we get a very dry spell but when temps cool off and we get rain it always bounces ...
by eye.surgeon
Fri Jul 09, 2021 3:37 pm
Forum: Personal Investments
Topic: Suggestions on California muni-bonds
Replies: 10
Views: 1143

Re: Suggestions on California muni-bonds

I own VCADX, Vanguard's municipal tax free bond fund, in my taxable account and use it both as part of my bond holdings and as an EF. For those California residents in the highest tax bracket, it serves a purpose.
by eye.surgeon
Fri Jul 09, 2021 11:57 am
Forum: Personal Consumer Issues
Topic: Should you tip when picking up takeout food?
Replies: 197
Views: 32904

Re: Should you tip when picking up takeout food?

scguy613 wrote: Fri Jul 09, 2021 9:10 am In the USA, they may make less than $3.00/hour with the rest coming from tips.
This is not true....at least not in California. As others have pointed out minimum wage applies to everyone.
by eye.surgeon
Fri Jul 09, 2021 10:57 am
Forum: Personal Consumer Issues
Topic: Should you tip when picking up takeout food?
Replies: 197
Views: 32904

Re: Should you tip when picking up takeout food?

I don't. Tipping is for service.

And although I tip generously when dining in, I wish tipping would go away. Just charge me more for the meal and service and be done with it.
by eye.surgeon
Thu Jul 08, 2021 10:09 am
Forum: Personal Consumer Issues
Topic: Fighting the Urge on Bathroom Remodels
Replies: 60
Views: 5799

Re: Fighting the Urge on Bathroom Remodels

Bathroom remodels are not money down the toilet. No pun intended. Ask a real estate agent. I'd do it.
by eye.surgeon
Thu Jul 08, 2021 10:05 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23786
Views: 3106925

Re: U.S. stocks in free fall

Silver lining: a slight reduction in the "bonds are worthless" posts today.
by eye.surgeon
Thu Jul 08, 2021 1:21 am
Forum: Investing - Theory, News & General
Topic: The first time in my investing life I'm "fearful"
Replies: 130
Views: 18604

Re: The first time in my investing life I'm "fearful"

Fear means your AA is wrong for you. We KNOW another bear market will come. So why fear it? Change your AA so that even knowing a bull market is coming, you're comfortable.
by eye.surgeon
Wed Jul 07, 2021 2:51 pm
Forum: Personal Consumer Issues
Topic: Off beaten path Europe with kids
Replies: 49
Views: 3686

Re: Off beaten path Europe with kids

We are saving for such a trip in a few years. What would be a reasonable budget for a family of 4, flying from the US, and staying / traveling around in Europe for 6 weeks? European trips do not have to be expensive. IMO, it's more expensive to vacation in the USA, including the flights, and less s...
by eye.surgeon
Wed Jul 07, 2021 2:39 pm
Forum: Personal Consumer Issues
Topic: Off beaten path Europe with kids
Replies: 49
Views: 3686

Re: Off beaten path Europe with kids

All, Planning a European trip next summer with my wife and boys who will be 8 and 6. Wife and I have both been to Europe several times and boys are good travelers. Looking for recommendations on places that are lesser known, smaller. Want to spend 10 days one place and 10 in another, slow travel, n...
by eye.surgeon
Mon Jul 05, 2021 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing "No Surprises Act" enacted Dec 2020, takes effect January 2022
Replies: 34
Views: 3611

Re: Medical Billing "No Suprises Act" enacted Dec 2020, takes effect January 2022

Why should someone be forced to accept artifically low rates because an insurance company doesn't negotiate in good faith? If they know a physician has no choice to accept their rates, the insurance company will offer them basically nothing. The insurance company has to offer enough to actually hav...
by eye.surgeon
Sun Jul 04, 2021 2:07 am
Forum: Investing - Theory, News & General
Topic: Risk to Amazon stock if Bezos has an accident in space
Replies: 55
Views: 4385

Re: Risk to Amazon stock if Bezos has an accident in space

I suspect the vast majority of Amazon customers have never heard of Jeff Bezos. Only finance and tech wonks care about him.
by eye.surgeon
Sat Jul 03, 2021 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: My house isn't selling
Replies: 228
Views: 36087

Re: My house isn't selling

I could sell your house tomorrow. And I'm not a real estate agent. It's all about the Benjamin's. And your real estate agent works for you, not the other way around.
by eye.surgeon
Fri Jul 02, 2021 11:24 pm
Forum: Personal Investments
Topic: What to do with $15k cash?
Replies: 10
Views: 1925

Re: What to do with $15k cash?

what does your investment plan say you will do with excess cash? Presumably put it in your taxable account according to your AA.
by eye.surgeon
Tue Jun 29, 2021 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Lost a House Sale Due to Incompetent Realtor
Replies: 118
Views: 10687

Re: Lost a House Sale Due to Incompetent Realtor

sureshoe wrote: Tue Jun 29, 2021 8:34 am
A lesson for anyone reading this, buyer or seller: never use escalation clauses. It creates situations like this, they're ripe for games, and this idea of dragging out offers only creates guff.
This.

In this market, throw out your best offer, don't be coy.
by eye.surgeon
Sun Jun 27, 2021 12:31 pm
Forum: Investing - Theory, News & General
Topic: Thinking of abandoning my (global value) strategy. Should I do it?
Replies: 38
Views: 3467

Re: Thinking of abandoning my (global value) strategy. Should I do it?

Focus future investing on Total US until you reach your new preferred AA, rather than selling out your ex-US AA all at once.
by eye.surgeon
Sat Jun 26, 2021 12:45 am
Forum: Personal Consumer Issues
Topic: PSA: MS Office 365 1yr sub $60 Amazon
Replies: 4
Views: 800

Re: PSA: MS Office 365 1yr sub $60 Amazon

Even better, buy Office on ebay for $50 or less. none of this subscription garbage. I'm not paying annually for software when a copy of Office will last me 5+ years
by eye.surgeon
Fri Jun 25, 2021 11:24 am
Forum: Personal Consumer Issues
Topic: Road trip from LA to SF via the PCH
Replies: 40
Views: 3477

Re: Road trip from LA to SF via the PCH

Your timing is good because PCH was closed by Big Sur due to a slide until a few weeks ago.

Having driven and ridden it many times, the best part is between Cabria and Carmel.
by eye.surgeon
Tue Jun 22, 2021 11:00 am
Forum: Investing - Theory, News & General
Topic: Why hold bonds? (again...)
Replies: 160
Views: 12147

Re: Why hold bonds? (again...)

reln wrote: Mon Jun 21, 2021 11:26 am
There is no point to holding bonds at any age.
You're on the wrong forum.
by eye.surgeon
Mon Jun 21, 2021 11:10 pm
Forum: Personal Investments
Topic: Ideas to get 5-6%
Replies: 127
Views: 14662

Re: Ideas to get 5-6%

Pick a stock/bond allocation you're comfortable with, invest in low cost index funds, check it once or twice a year. You're done. There's no free lunch, your returns will be what they will be. You want to beat the market? Save more or spend less.
by eye.surgeon
Sun Jun 20, 2021 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance on Max Car Price
Replies: 137
Views: 8824

Re: Guidance on Max Car Price

Save aggressively for retirement and cash flow a comfortable but not lavish lifestyle. Whatever is left over spend without regrets on whatever you want, including a nice car.
by eye.surgeon
Sun Jun 20, 2021 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 104
Views: 15601

Re: Golden Handcuffs

I have $7,000,000 in Vanguard Index, 80% in Total Stock Market and 20% of that in Vanguard Total International Stock Index. I have another $4,000,000 in paid off real estate, for a total of $11M. I am 54 years old, and my company is thriving. I am burned out beyond belief, but I am so young to walk...
by eye.surgeon
Fri Jun 18, 2021 10:27 pm
Forum: Personal Investments
Topic: Does it make sense to hold an individual stock that is already in an index fund you hold?
Replies: 15
Views: 1515

Re: Does it make sense to hold an individual stock that is already in an index fund you hold?

From a strictly Boglehead investor viewpoint it doesn't make sense to hold any stock over it's weight in the market. But certainly some do, either as individual stocks or as part of a tilt towards a certain market sector.
by eye.surgeon
Thu Jun 17, 2021 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Is it better to pay cash for a solar roof array or to finance it?
Replies: 26
Views: 3076

Re: Is it better to pay cash for a solar roof array or to finance it?

It is a rare circumstance where paying cash for anything is not the best option. For consumable items I agree. But for productive assets paying cash is almost always inefficient; no business would save cash for a few years to buy a new tractor and no utility would save cash to build a new solar pla...
by eye.surgeon
Thu Jun 17, 2021 12:43 am
Forum: Personal Finance (Not Investing)
Topic: 401k Loan
Replies: 30
Views: 1824

Re: 401k Loan

Nope.
by eye.surgeon
Fri Jun 11, 2021 4:20 pm
Forum: Investing - Theory, News & General
Topic: How Not to View Current Inflation
Replies: 96
Views: 11070

Re: How Not to View Current Inflation

The mainstream press and most who consume it need a primer in the difference between scarcity and inflation.
by eye.surgeon
Fri Jun 11, 2021 11:11 am
Forum: Personal Consumer Issues
Topic: Purchased a faulty product - what are my options?
Replies: 16
Views: 1123

Re: Purchased a faulty product - what are my options?

Return it to where you bought it. If they don't allow returns, don't buy from them in the future, and you're stuck returning it to the manufacturer again. Next time buy it on Amazon which has a very customer friendly return policy.
by eye.surgeon
Fri Jun 11, 2021 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Is it better to pay cash for a solar roof array or to finance it?
Replies: 26
Views: 3076

Re: Is it better to pay cash for a solar roof array or to finance it?

It is a rare circumstance where paying cash for anything is not the best option.
by eye.surgeon
Thu Jun 10, 2021 1:37 pm
Forum: Personal Consumer Issues
Topic: Idea: Buying a Car for Short-term rental and then Re-sell?
Replies: 29
Views: 2073

Re: Idea: Buying a Car for Short-term rental and then Re-sell?

MortgageOnBlack wrote: Wed Jun 09, 2021 12:24 pm Our vehicles are not adequate for a long roadtrip (all older)
If your current vehicle(s) aren't adequate for your needs maybe upgrading it is the best option.
by eye.surgeon
Mon Jun 07, 2021 2:02 pm
Forum: Personal Investments
Topic: Pay off mortgage vs bonds in taxable (after maxing out other retirement)
Replies: 33
Views: 3296

Re: Pay off mortgage vs bonds in taxable (after maxing out other retirement)

I'd pay off the mortgage but that advice is not based on any financial analysis.
by eye.surgeon
Fri Jun 04, 2021 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do I convince my cousin they are doing OK and not to take unwarranted risk?
Replies: 61
Views: 4403

Re: How do I convince my cousin they are doing OK and not to take unwarranted risk?

With me being a boglehead and knowledgeable in financial matters, I am seen in my extended family as a free financial advisor. :) A cousin of mine who by all accounts is doing great, talked to me about investing in a business opportunity presented to him by a friend. It appears to be a legitimate b...
by eye.surgeon
Thu Jun 03, 2021 11:18 am
Forum: Investing - Theory, News & General
Topic: I'm calling a bottom in real estate
Replies: 139
Views: 16778

Re: I'm calling a bottom in real estate

Some data points (all in Silicon Valley): - My grandparents bought their home in for 16k in the 1960s. - My parents their home for 225k in 1990’s. - We bought our home for 600k in 2010. Every generation feels priced out. You buy young when your home is a big part of your income. But mortgages stay ...
by eye.surgeon
Thu Jun 03, 2021 9:58 am
Forum: Forum Issues and Administration
Topic: Is it time to block meme stock posts?
Replies: 37
Views: 2272

Re: Is it time to block meme stock posts?

My opinion, for what it's worth...there's a big different between dogecoin threads which clearly have no utility here and discussion of stocks, even if those stocks are having speculative non-sensical runups. They're still stocks of legitimate revenue-generating companies that are widely held by mem...
by eye.surgeon
Wed Jun 02, 2021 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Diversifying outside of 3 fund portfolio
Replies: 17
Views: 1450

Re: Diversifying outside of 3 fund portfolio

I think owning a piece of every publicly traded company in the US and much of the free world has your diversification covered. Carry on and keep winning.
by eye.surgeon
Tue Jun 01, 2021 12:45 am
Forum: Investing - Theory, News & General
Topic: How many here follow Bogle's "no international" theory?
Replies: 757
Views: 47264

Re: How many here follow Bogle's "no international" theory?

Since US companies are already deriving half their revenues from foreign countries, if you invest in foreign equities wouldn't that mean that much more than half of the revenues generated by companies in your global stock portfolio be derived from non-U.S. sources? Is that what you want? Yes One re...
by eye.surgeon
Mon May 31, 2021 10:23 pm
Forum: Investing - Theory, News & General
Topic: How many here follow Bogle's "no international" theory?
Replies: 757
Views: 47264

Re: How many here follow Bogle's "no international" theory?

Nathan Drake wrote: Mon May 31, 2021 10:17 pm The era that Bogle invested into and benefited from is not the same era that investors are now facing.
While we don't necessarily disagree, the core of your argument sounds dangerously close to this time it's different.
by eye.surgeon
Mon May 31, 2021 9:49 pm
Forum: Investing - Theory, News & General
Topic: How many here follow Bogle's "no international" theory?
Replies: 757
Views: 47264

Re: How many here follow Bogle's "no international" theory?

But there is certainly some hostility in proponents of a 2-fund or 100% US portfolio; I've been in a lot of these arguments and they inevitably devolve into calling international stocks the equivalent of garbage, and laughing at those that choose to invest in them because their 100% US has done rea...
by eye.surgeon
Fri May 28, 2021 11:06 pm
Forum: Personal Consumer Issues
Topic: UPDATE - All good - Forwarding text/calls on iPhone withOUT physical access to phone?
Replies: 11
Views: 2072

Re: Forwarding text/calls on iPhone withOUT physical access to phone?

If you're using imessage on your iphone you can use another apple device such as an ipad, macbook, or even another iphone, and log into that imessage account to receive texts, but unfortunately if you have not used that device for that imessage account before you will get the authentication prompt f...