Search found 1124 matches

by anil686
Mon Apr 19, 2021 8:47 pm
Forum: Personal Investments
Topic: Vanguard personal advisory service
Replies: 10
Views: 749

Re: Vanguard personal advisory service

If you are not an emotional investor and do not tinker and just set it and forget it(I have become that type of investor although it took a while) - I don’t think they add much if anything. You can do those things yourself. I am not a big fan of daily TLH due to complexity with the record keeping an...
by anil686
Mon Apr 19, 2021 8:39 pm
Forum: Investing - Theory, News & General
Topic: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?
Replies: 82
Views: 7614

Re: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?

To the OP, yes the 3 fund portfolio works fine for the ultra wealthy. But a couple of thoughts. At this level a couple of doors open. Hedge funds, private equity, direct real estate, etc. Bogleheads tend to run strongly against the first 2 but they do have their places. Nothing that I would be runn...
by anil686
Fri Apr 16, 2021 2:24 pm
Forum: Personal Consumer Issues
Topic: Anyone buy a Toyota Rav4 Hybrid recently?
Replies: 23
Views: 2383

Re: Anyone buy a Toyota Rav4 Hybrid recently?

bought one in Jan of 2020 (if that counts as recent). Got a good deal for a limited Rav4 hybrid OTD with TTL $34000 in the DFW area - scoured ads for a while - had to deal with a dealership guy who tried to bait and switch the car and had to spend a few hours there - but finally got it. It has been ...
by anil686
Fri Apr 16, 2021 2:20 pm
Forum: Investing - Theory, News & General
Topic: Total market investors, do you feel comfortable with only a handful of companies at the top?
Replies: 44
Views: 3607

Re: Total market investors, do you feel comfortable with only a handful of companies at the top?

I would recommend reading chapter 6 "On Indexing" from Common Sense on Mutual Funds by Bogle.... From that chapter he recounts the heavy top in the late 1970s of GM, ATT and IBM and how they underperformed the broad market significantly bringing down the return of the 500 index in comparis...
by anil686
Wed Apr 14, 2021 5:29 pm
Forum: Personal Investments
Topic: BlackRock LifePath Index 2050 Fund to 70/30 FSKAX/FTIHX
Replies: 9
Views: 908

Re: BlackRock LifePath Index 2050 Fund to 70/30 FSKAX/FTIHX

I wrote about an experience with this some years ago. My spouse has an IRA that is invested in a VG TR fund 2040. I had an IRA that I thought I could do better with as a 3 fund portfolio changing the bond component to intermediate term bond and have the lower ER with the three funds. I kept track o...
by anil686
Wed Apr 14, 2021 7:40 am
Forum: Personal Investments
Topic: BlackRock LifePath Index 2050 Fund to 70/30 FSKAX/FTIHX
Replies: 9
Views: 908

Re: BlackRock LifePath Index 2050 Fund to 70/30 FSKAX/FTIHX

I wrote about an experience with this some years ago. My spouse has an IRA that is invested in a VG TR fund 2040. I had an IRA that I thought I could do better with as a 3 fund portfolio changing the bond component to intermediate term bond and have the lower ER with the three funds. I kept track of...
by anil686
Sat Apr 10, 2021 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Anxiety about the future
Replies: 57
Views: 6474

Re: Anxiety about the future

I've never had this much money in my life, and unfortunately this is the most anxious I've been about money and the future - this is a short summary of how I feel. Details are below: I'm a 32 year old ER doctor - I spent the last 10-12 years essentially broke and then I became an attending. In less...
by anil686
Sat Apr 10, 2021 9:28 pm
Forum: Personal Consumer Issues
Topic: Home Delivery Drinking Water (and testing for PFAS)
Replies: 5
Views: 507

Re: Home Delivery Drinking Water (and testing for PFAS)

We did a waterdrop RO system and have been happy with it. It is tankless RO - costs about $500 and filters seem reasonable. We drink a lot of water and so we have found that it has been cheaper for our family....
by anil686
Sun Mar 28, 2021 4:00 pm
Forum: Investing - Theory, News & General
Topic: Total Bond vs. Intermediate Term Bond
Replies: 31
Views: 3991

Re: Total Bond vs. Intermediate Term Bond

I think liquidity does need to be discussed more if we’re going to be dancing on the head of the pin as Taylor aptly put it. Liquidity hammered VWIUX in March 2020. So when dancing on the pinhead, I would decide by favoring whichever one is more liquid. + 1 - I favor TBM because of this. JMO though...
by anil686
Sun Mar 28, 2021 3:48 pm
Forum: Personal Investments
Topic: Physician First Portfolio Review
Replies: 4
Views: 819

Re: Physician First Portfolio Review

Responses from a fellow physician... 1). Yes - both car and boat but boat first 2). I use only TR funds as well as LS funds (life cycle funds if you will) for my tax advantaged accounts (IRA/HSA/401K). Nothing wrong with this approach. Some will bring up expenses being slightly higher - they are rig...
by anil686
Sun Jan 31, 2021 7:28 pm
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 595
Views: 55558

Re: What is your age and asset allocation ?

Mid 40s
80% equities
75% domestic/25% international equities
Tilted a bit towards sp600 domestic - 65% TSM/10% SP600/25% TISM
by anil686
Sun Jan 31, 2021 5:04 pm
Forum: Personal Consumer Issues
Topic: Watching hollywood movies with kids 10 and 16
Replies: 33
Views: 2624

Re: Watching hollywood movies with kids 10 and 16

+3 for Commonsensemedia. They do a pretty good job running down all the questionable parent perspective issues with a film - some sound silly in our family - some not. I will say some movies from the 1980s and 1990s don’t age well either - due to cultural changes that have taken place since that tim...
by anil686
Sat Jan 30, 2021 11:33 am
Forum: Personal Consumer Issues
Topic: Showers and Shower faucets
Replies: 60
Views: 3642

Re: Showers and Shower faucets

We got a U by Moen a few years ago and love it. Has a shower wand - essential with the dogs. Controlled by Alexa - programmable - and dependable so far. In addition - if you are tiling your bath room - the controls and cartridge are behind a bedroom wall - not behind the tile so if they have to be f...
by anil686
Sat Jan 30, 2021 8:52 am
Forum: Investing - Theory, News & General
Topic: Recent events in the market lead to lots of new retail investors?
Replies: 7
Views: 553

Re: Recent events in the market lead to lots of new retail investors?

I think we are on a course to end up badly - JMO. When my FIL says he wants to open up a Robinhood account so he can become a millionaire like everybody on the news and it seems like “investing” is so easy - I just wanted to cringe. The problem is the lack of many of the members of the media to refe...
by anil686
Sat Jan 23, 2021 9:30 am
Forum: Personal Investments
Topic: Target date fund in 401k-what goes in taxable?
Replies: 17
Views: 1405

Re: Target date fund in 401k-what goes in taxable?

I do the last thing you wrote in the OP - I use higher percentage of bonds in the TD fund in my 401K and use TSM and TISM broad market index funds in my taxable account. I have found it very simple to keep my AA relatively stable. I also have enough international to meet my goals in the 401K and now...
by anil686
Sat Jan 23, 2021 9:22 am
Forum: Personal Investments
Topic: Low cost advisors
Replies: 20
Views: 1372

Re: Low cost advisors

I think (and JMO) that one of the problem with finding advisors (outside of the obvious issue of cost and investing beliefs) is a lack of understanding by the investor of what services are needed. For example, TLH is mentioned by the OP - does the investor need TLH? Would they benefit at this point ...
by anil686
Mon Jan 18, 2021 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Private Client solicitation
Replies: 18
Views: 3796

Re: Chase Private Client solicitation

My spouse and I each have businesses and we use Chase CPC - I think if you use wire transfers a bit - it is a nice perk. Frankly, I just moved some of my holdings at VG to meet (at the time) the 250K requirement (moved them assets in kind). We use their Youvest platform due to zero costs. I have nev...
by anil686
Sat Jan 16, 2021 12:57 pm
Forum: Personal Consumer Issues
Topic: Universal theme parks Orlando: premium experience
Replies: 34
Views: 3265

Re: Universal theme parks Orlando: premium experience

We did the premium experience in 2015 - it was outstanding. No waiting in lines and we did it in August. Agree that time and experience outweigh cost for our family in that situation - would recommend it over standard tickets where people were waiting for a while. Note, some Harry Potter experiences...
by anil686
Sat Jan 16, 2021 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Expense ratio for mutual fund - is the concern exaggerated?
Replies: 26
Views: 1495

Re: Expense ration for mutual fund - is the concern exaggerated?

One additional point is on taxes - actively managed funds will typically have a tax drag that is significant due to capital gains (both ST and LT) distributions. These can overwhelm the outperformance of a fund over time. Like others, the 10, 20 and 30 year track records of actively managed funds ar...
by anil686
Sat Jan 16, 2021 8:22 am
Forum: Investing - Theory, News & General
Topic: Cliff Asness on Bloomberg Front Row
Replies: 4
Views: 531

Re: Cliff Asness on Bloomberg Front Row

There is a Bogleheads on Investing pod with him and Rick Ferri from a few months ago I think. He talks about his training and through that, his perspectives on investing. He does believe in factors but is pretty sanguine about it. He also does not disparage market cap indexing. I have read some of h...
by anil686
Sun Jan 10, 2021 6:20 pm
Forum: Personal Investments
Topic: Approximating Vanguard Target Date Funds
Replies: 11
Views: 1281

Re: Approximating Vanguard Target Date Funds

This is true but the amounts of stocks and bonds change over time. The percentage of international is fixed but the amount of international stocks and bonds will change as the years change. BTW, VG uses 40% of equities in international and 30% of bonds in international for all of their balanced fund...
by anil686
Sun Jan 10, 2021 6:18 pm
Forum: Personal Investments
Topic: Is it worth "diversifying" my taxable account for easier tax loss harvesting?
Replies: 20
Views: 1602

Re: Is it worth "diversifying" my taxable account for easier tax loss harvesting?

I don’t think so - it is pretty easy to do as Livesoft said earlier. I would also add that if you plan on contributing to your taxable account on a regular basis for a long time, your opportunities to TLH will go down over time as your gains add up. IOW, TLH is easier to do when you start investing ...
by anil686
Sun Jan 10, 2021 6:11 pm
Forum: Personal Consumer Issues
Topic: Tesla [car] purchase any significant downside?
Replies: 150
Views: 9870

Re: Tesla purchase any significant downside?

Performance: not just the 0-60mph YouTube parlor tricks, but smoothness and seamlessness of the powertrain. Yes, this is common to pretty much all EVs, but today there is basically no peer delivering the power and performance (~400-600hp for most models) of Tesla outside of the Porsches. But let's ...
by anil686
Sun Jan 10, 2021 5:59 pm
Forum: Personal Consumer Issues
Topic: Tesla [car] purchase any significant downside?
Replies: 150
Views: 9870

Re: Tesla purchase any significant downside?

] OK, I play a little (and I fully know how pointless it is) It seems the car is 'great' for you because of three things you mentioned: User Interface (do you mean the steering wheel that makes the car go around turns?) convenience (I am not even sure how a car can be convenient, in its function to...
by anil686
Sun Jan 10, 2021 5:59 pm
Forum: Personal Consumer Issues
Topic: Tesla [car] purchase any significant downside?
Replies: 150
Views: 9870

Re: Tesla purchase any significant downside?

] OK, I play a little (and I fully know how pointless it is) It seems the car is 'great' for you because of three things you mentioned: User Interface (do you mean the steering wheel that makes the car go around turns?) convenience (I am not even sure how a car can be convenient, in its function to...
by anil686
Sun Jan 10, 2021 4:16 pm
Forum: Personal Investments
Topic: Investing Wife's Roth
Replies: 7
Views: 597

Re: Investing Wife's Roth

I second the replies. I use the VG Life strategy growth for my Roth and my wife’s Roth. It is a fixed 80/20 with VG’s 40% international fwiw. JMO though....
by anil686
Sun Jan 10, 2021 4:14 pm
Forum: Personal Consumer Issues
Topic: How to watch all NFL games
Replies: 81
Views: 4978

Re: How to watch all NFL games

Looks like future trend is that some games will only be available on Amazon Prime Video. The rumor is that they are going to try to buy the Thursday night package - that package is the least desirable since the ratings are so-so and the matchups are relatively poor but the price is high. I don’t th...
by anil686
Sun Jan 10, 2021 4:12 pm
Forum: Personal Consumer Issues
Topic: How to watch all NFL games
Replies: 81
Views: 4978

Re: How to watch all NFL games

I'd like to second the comment below about the benefits of having a .edu email address. A friend of mine had access to a .edu email address via on online grad program. Being a student (even part time) can give you full access to the Sunday Ticket. Depending on how much you love your team, enrolling...
by anil686
Sun Jan 10, 2021 3:37 pm
Forum: Personal Consumer Issues
Topic: Tesla [car] purchase any significant downside?
Replies: 150
Views: 9870

Re: Tesla [car] purchase any significant downside?

I don’t think so and I don’t own a Tesla. I bought a Chevy Bolt earlier this year - not as many bells and whistles but comfortable and an EV - for a total of $29,000. To me, it was a better deal financially since I had never owned an EV and wanted to experience that ownership. That being said, I wou...
by anil686
Sun Jan 03, 2021 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is Being a Private Banking Client Worth it?
Replies: 151
Views: 54824

Re: Is Being a Private Banking Client Worth it?

A couple plugs here. I have had good experiences with both in the last year, including new account bonuses. - Merrill/BofA : IRA including ROTH counts toward the status limit. $100k gets you the highest tier without any cash tied up in bank accounts or direct deposit reqs. Their CCs are a very good...
by anil686
Sun Jan 03, 2021 10:42 pm
Forum: Investing - Theory, News & General
Topic: Taxable account portfolio advice
Replies: 1
Views: 316

Re: Taxable account portfolio advice

Others may have specific fund recommendations but I would recommend looking at your portfolio as a whole. Would strongly recommend using the Wiki regarding tax efficient fund placement on the website. Total market index funds are very tax efficient and are good in a taxable account but obviously are...
by anil686
Sun Jan 03, 2021 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care policy evaluation
Replies: 17
Views: 912

Re: Long term care policy evaluation

These are difficult because it is not just about the *numbers*. You have to be able (or in your family’s case - your family member) to decide on what things are most important to you and does that policy cover them. I dropped my LTC policy about five years ago - it was very expensive and I felt that...
by anil686
Sun Jan 03, 2021 11:35 am
Forum: Personal Investments
Topic: Health Equity HSA - Which Funds do you Use?
Replies: 47
Views: 2494

Re: Health Equity HSA - Which Funds do you Use?

I say after tax because I own a try small (tiny) company and can't get it through payroll (at least I have never thought of doing that somehow - I use quickbooks payroll). It would complicate things with my partners as well. So I only have a few K in it so far and I just want to make sure I'm think...
by anil686
Sun Jan 03, 2021 11:22 am
Forum: Personal Investments
Topic: Vanguard Tax Managed Small Cap Fund
Replies: 15
Views: 1410

Re: Vanguard Tax Managed Small Cap Fund

I have had this fund for about 10 years now and love it. I read Cliff Asness’ article a few years ago and it solidified my belief in SP600 for small cap. I do believe that the SP screen filters out the junk in small cap and is the reason for it’s outperformance next to a small cap index fund over lo...
by anil686
Sun Jan 03, 2021 11:05 am
Forum: Personal Consumer Issues
Topic: Summer 2021 travel?
Replies: 81
Views: 5387

Re: Summer 2021 travel?

I think (JMO) you should broaden your thought beyond the vaccine. Many countries may not be anywhere close to normal this calendar year (since the OP expressed traveling abroad). The experience may be very different when you travel - sites closed, transportation limited, dining restricted, masks req...
by anil686
Sun Jan 03, 2021 10:52 am
Forum: Personal Investments
Topic: Health Equity HSA - Which Funds do you Use?
Replies: 47
Views: 2494

Re: Health Equity HSA - Which Funds do you Use?

I was with Health Equity for 8 years. I switched to Fidelity last year and am happy with it. I use their zero TSM and TISM funds. Customer service and interface much better. JMO though....
by anil686
Sun Jan 03, 2021 10:15 am
Forum: Investing - Theory, News & General
Topic: After-Tax Contributions vs. Taxable Accounts
Replies: 13
Views: 1024

Re: After-Tax Contributions vs. Taxable Accounts

I agree with the consensus - just use a taxable account and broad market index funds. They are super tax efficient and will be taxed more favorably typically in retirement. JMO though....
by anil686
Sun Jan 03, 2021 10:13 am
Forum: Personal Consumer Issues
Topic: Best age for "bucket list" trips with kids
Replies: 40
Views: 2922

Re: Best age for "bucket list" trips with kids

There is no "best age" in my opinion. Just go and if you or they want to do it again, then go again. This - do it for you and not for your kids. You will always get something out of these trips - as others have said - you cannot control what your kids get out of it. We have done a lot wit...
by anil686
Thu Dec 24, 2020 2:58 pm
Forum: Personal Investments
Topic: Is there ever a role for Whole Life?
Replies: 102
Views: 5984

Re: Is there ever a role for Whole Life?

OP here - Simplified followup question: What is the alternative main strategy for creating "safe" money to withdraw from at retirement? Simply slowly increasing your bond % over time? Really understanding your need and willingness to take risk is what you are indirectly asking. There is n...
by anil686
Thu Dec 24, 2020 12:05 am
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 39332

Re: What kind of car do Bogleheads like to drive?

May sound strange but I bought a Chevy Bolt in August of this year. Best car I have ever bought and the ultimate BH car IMO. Needs tire rotation, cabin air filter changes and that’s it. Plug in every night, save over my hybrid and it is a joy to drive....
by anil686
Sun Dec 20, 2020 9:06 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 306
Views: 31699

Re: Do people still use AAA?

In addition to peace of mind, it gives me a 10% discount at Napa auto - I can buy air filters, oil filters, oil and other auto parts at a discount that is addition to the sale price....
by anil686
Thu Apr 23, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Chase PPP Failure--Part Deux
Replies: 24
Views: 2017

Re: Chase PPP Failure--Part Deux

While the service at my community bank has been poor for close to a decade and it is my sheer inertia preventing from switching to a large bank - that worked in my favor with this. My community bank was spot on with this program and had me funded in a week - they were really good at doing this. My w...
by anil686
Thu Apr 23, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10564

Re: physician/APC pay cuts

I'm married to a physician and have a corporate banking background so I see both sides: * Money doesn't grow on trees. If a hospital is losing money and "burning" cash they have major financial problems. * My experience with my wife & her colleagues is they are very smart with medical...
by anil686
Thu Apr 23, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10564

Re: physician/APC pay cuts

No for a voluntary pay cut. Not the right thing to do. You are an employed physician - not in private practice. If executives take a pay cut - that is on them. JMO though being a private practice physician....
by anil686
Mon Apr 20, 2020 1:18 pm
Forum: Personal Investments
Topic: How can I "buy into oil" at these prices?
Replies: 57
Views: 5916

Re: How can I "buy into oil" at these prices?

You would need to store the oil and then sell it back in the future. The issue right now is storage. If you wanted to make money on this - tanker stocks were the play months ago - there were oil analysts who were bullish on the tanker stocks in January - pre covid US because supply was already high ...
by anil686
Mon Apr 20, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28050

Re: Optimizing PPP Forgiveness

My understanding from my bank is the following: a). they are providing the loan. They are not not given money from the government until the loan is forgiven. I.e. it is truly a bank loan until that point. they are collecting all the information and they have provided me a checklist for the following...
by anil686
Mon Apr 20, 2020 12:41 pm
Forum: Personal Investments
Topic: Indexing fail?
Replies: 33
Views: 3333

Re: Indexing fail?

They make up a very tiny percentage of TSM - I think they make up the following: Delta 0.05% of TSM Southwest 0.05% of TSM United and American - 0.02% each Carnival Cruise - 0.02% Total made up there about 0.15%. Which means 99.85% of TSM is not made up of these. Source ITOT holdings https://www.ish...
by anil686
Mon Apr 20, 2020 12:36 pm
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 15349

Re: Deflation is everywhere. Get used to it.

Maybe the low price is here to stay but I think the June, July and August futures all have WTI crude in the 20s. This is a massive supply problem that predates to some extent Covid and is clearly made worse by it. Basically, everybody has been producing too much for the past year or two and storage ...
by anil686
Mon Apr 20, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Received my PPP Loan today
Replies: 4
Views: 731

Re: Received my PPP Loan today

I don't think it is clear. I got my loan on Friday last week. My bank went through my payroll per person and asked about hours per week and then converted everything to FTEs. I need to maintain those FTE's to be in compliance according to my bank. I must say - that is nowhere apparently in the bill ...
by anil686
Sun Apr 19, 2020 7:55 am
Forum: Investing - Theory, News & General
Topic: Neiman Marcus to file for bankruptcy
Replies: 67
Views: 6994

Re: Neiman Marcus to file for bankruptcy

Retail companies always go bankrupt, and people always act like it's a big deal. It's a constantly evolving sector. Someday, Target is going to go out of business, and old people will be saying "I can't believe this happened--I used to buy everything there!" while young people say "H...