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  • Vagabond MD Vagabond MD 
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    I can’t believe this thread has made it to the second page

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    Yup, this is the kind of thread that I would avoid starting and posting on…oops!

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    in reply to: Which democratic candidate has best policy for doctors #246685 Reply
    Vagabond MD Vagabond MD 
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    If the numbers are correct that 35 radiologist reviewed 350,000 studies (100,000/rad/year), that in and of itself should prove something was going on. Most full time rads read between 15,000-35,000 studies per year. They were reading 275 studies/day/rad everyday of the year. Most rad residencies target to have their residents exposed to 100,000 studies over 4 years of training. Those numbers are simply not feasible for 35 rads without some sort of extension/multiplier.

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    35 radiologists reading 350,000 studies is 10,000/rad/year, which is well within reason.

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    Vagabond MD Vagabond MD 
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    I do not know how to answer the question, but these are the thoughts that run through my mind:

    1. You can pass, since “there are no called strikes in investing” (@WCI).

    2. Has the easy money been made?

    3. Who are the investors, and why are they asking me (aka you) to invest?

    4. This “investment” sounds more like a speculation.

    If I were serious about investing in it, I would want to take a deep dive into business, the product, and the future plans for the device.

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    in reply to: Fair Market Valuation Advice #246487 Reply
    Vagabond MD Vagabond MD 
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    I would like to register a formal complaint that I do not know what the heck you guys are arguing about. 😉

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    Vagabond MD Vagabond MD 
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    I have read the linked article. This is such an egregious case of fraud that is just about unbelievable, if the facts in the single article online are true. It is so obviously illegal that someone as intelligent and accomplished as Pomeranz would either not know about it or not be involved in it. It is a no-brainer that the first disgruntled rad (or otherwise) employee would go right to the Feds and earn more as a whistleblower on this case than in multiple professional careers.

    I am looking forward to reading more about this case in the future, seeing where it goes and how it is resolved.

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    in reply to: Improper Use of PAs – Whistleblower radiology lawsuit #246296 Reply
    Liked by ENT Doc
    Vagabond MD Vagabond MD 
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    What is this “down time” thingy of which you speak. Once you sign in, it’s pretty much balls to the wall.

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    Vagabond MD Vagabond MD 
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    Yeah us young guys do not have much of a choice.  Better 50 cents on the dollar then nothing.  However it does make you think about working harder then you want to just fro money.  I have “opportunities” all the time to fill in at our urgent care.  I do occasionally when they get desperate and offer extra on top of usual pay.  Knowing that a larger chunk is going to taxes for money I really do not need I might keep my Friday night.

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    That’s sort of the point, too. Why burn yourself out keeping 40-50% when could perhaps work longer and less up front and retain more of your earnings over time? This assumes that you have the ability to crank your work/compensation level up/down

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    Vagabond MD Vagabond MD 
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    I really wish we would get to a point as a forum where we spent as much time worrying about actual, current financial policy as we do about early primary proposals. I’m not holding my breath on this.

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    The proposal got me thinking about this question, and this post is not about the proposal, per se. The discussion can be launched without the article and the proposal, and I considered not linking to the article.

    It really is about if/where you would draw the line. For some people, it might be choosing not to work in a state with a state income tax (though they often get you somewhere else) or perhaps working up to a bracket cutoff that is already in place (perhaps the 24/32 cutoff).

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    Vagabond MD Vagabond MD 
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    I looked at bogleheads forum once based on comments about it here but it didn’t draw me in. I come here mostly for the fascinating conversations about flooring type and sock brands, do they have the same types of engrossing discussions over there?

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    https://www.bogleheads.org/forum/viewtopic.php?f=2&t=288693&newpost=4746170

     

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    Thanks, I will think about that thread when I consider if I should go to the bathroom now or hold for a little while longer because the work list is SOOOO long, there are three techs waiting on me, and the four STATs are about to go over 30 mins. 😡

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    in reply to: Anyone else tired of Bogleheads? #245701 Reply
    Liked by Tim
    Vagabond MD Vagabond MD 
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    I think that this article is sensationalized and the budget not realistic in the long term. For example, the couple now pays $53k per year for daycare and preschool, for the two and four year old, respectively. Within a few years, that expense goes away when the children go to school. There may be piano lessons and martial arts classes and such, but these do not come close to $53k.

    The $1.8M house might be excessive, but that also means that the family is buying a $1.8M asset. Years down the road, that can be monetized into a nice home and a bucket of cash somewhere else.

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    in reply to: $350000 barely middle class #245504 Reply
    Vagabond MD Vagabond MD 
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    I rarely visit the forums, mostly when I have the urge to deep dive into a geeky investment topic. I do not get those urges much anymore.

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    in reply to: Anyone else tired of Bogleheads? #245500 Reply
    Liked by Tangler
    Vagabond MD Vagabond MD 
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    Again I didnt read his thing, but I think the factor blowout we’ve had the last 3 days (long momentum/short value) was basically his message. The difference in growth large and small value was the highest its ever been before just a couple weeks ago, and it appears a massive rotation is underway with rates as well. Basically any terrible business with high beta and poor recent performance is being rotated into (macy’s, tsla, etc…) and others are getting crushed.

    The factor, positioning and liquidity portions of the market and how its interconnected has lead to several blow ups of late (vol, iron condors, etc…etc..). Systematic things get dangerous after everyone has piled in. I wonder if this sort of factor flipping rush was in any of the backtests. It seems pretty obvious in hindsight that if enough people do it and are using similar screens and rebalancing timelines that this would happen.

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    Yes, I have noticed the same. The deeper the small/value tilt, the greater the outperformance over the last 10 trading days or so. (Index, passive, quant. active, whatever, …). Same goes with international, international small/value, and emerging markets all outperforming TSM/S&P 500/NASDAQ 100 complex.

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    in reply to: Michael Burry in the news again #245408 Reply
    Liked by Zaphod
    Vagabond MD Vagabond MD 
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    @Vagabond MD, you seem to be in the exact same boat as me. We have been paying a CPA for years to do our taxes. Complexity of the returns and cost to have them done quite similar to yours, it would seem. Every year I say to myself, “Why don’t I just use TurboTax?” But my (perhaps dubious) rationalization for sticking with the CPA is the reassurance that I can get all my tax questions throughout the year answered quickly and easily (admittedly not that many questions) and have a professional manage an IRS audit that seems more likely given our tax bracket (despite this never having happened). Maybe in 2019 I will use TurboTax to do our taxes (but not file them) and compare it to the return from the CPA and see what, if anything, is different. And if different, how so and if the difference ends up being a net win for TurboTax or the CPA.

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    I did H&R Block’s software product on my taxes last year, and there were no material differences. I use it for my kids, and it took less than 90 mins to quickly fill in our numbers to compare.

    It seems that every year there is one new tax wrinkle to justify using a CPA tax preparer. For example, for 2017, withdrawing from 529 to pay for college. In 2018, it was the tax cut and delayed K-1’s requiring an extension (first time ever). In 2019, it will be earning income in two states. Etc.

    Yes, there is comfort in the ability to ask a question, but it is rarely asked. Years ago, I bought state tax credits through them, referred by another party, and that is how we started together. They no longer offer these to me.

    They also do very little tax planning for me, so there are sometimes wild swings between paying a small amount of tax and getting a large refund. They must assume that my income is flattish from one year to the next. We never explored my part time schedule, my withholding rate, my wife’s bonus and stock awards, my 1099 income, my second job in another state, charitable contributions, etc. to optimize estimated taxes (which I calculate on my own). They never suggested an i401k (or even a SEP-IRA) for my side gig income; I told them I wanted one.

    It is just a data dump and filing between February and April.

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    in reply to: Guess how much I will pay for tax preparation for 2019 (in 2020) #245371 Reply
    Liked by hatton1, G
    Vagabond MD Vagabond MD 
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    @vanguard MD,  do you not also read A Wealth of Common Sense? and listen to AnimalSpiritspod ?

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    Crap, yes, I forgot about those. Also, Antonacci’s sporadic Dual Momentum blog.

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    Vagabond MD Vagabond MD 
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    Not a bubble.  But saturated, yes.

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    Bubble always make it sound more sensational, no? 😉

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

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