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  • xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    also, i dont know what data you are looking at EMD, but again you seem incorrect. 12 month returns as of 10/12 from M*:

    – VTSAX +10%

    – VTIAX +6.6%

    – VBTLX +10.6%

    – VGSLX + 26.8%

     

    also until right now had no idea bonds were beating stocks…..super fun.

    Click to expand…

    Wow, I didn’t realize REITs were up almost 27%!

    Although, I hope that doesn’t mean another housing cycle is peaking and a bust is forthcoming…

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Critique My Financial State- How can I do better? #253424 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    Maybe I’ve been lucky, but haven’t had any issues on the website. Haven’t cleared my cache or cookies either.

    I use a Macbook with Chrome, if that makes a difference.

    Click to expand…

    Interesting. Me too. Do your quote and like and notifications buttons work reliably?

    Click to expand…

    Yes, everything works fine. No issues here.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Dead forum? #253297 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    I’m looking at rental property in a gentrifying market with a a fair amount of retail development around the neighborhood where I’m scouting properties. Currently most of the properties are not well poised for immediate income generating. The CoC is pretty much 0-1% and the cap rate is 5%. However, the appreciation potential is big. The cash I’m putting in is extra cash (maxing pretax retirement, investing post tax as well, backdoor roths) so if there isn’t immediate return it’s fine. Also if the rents increase by 3% a year it will start to cashflow in 1-2 years. Is this a horrible strategy?

    Click to expand…

    Which part of the US are you in?

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Buying in a gentrifying market #253270 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    Maybe I’ve been lucky, but haven’t had any issues on the website. Haven’t cleared my cache or cookies either.

    I use a Macbook with Chrome, if that makes a difference.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Dead forum? #253269 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    Monthly investments in taxable, not automatic though, since income varies every month based on productivity.

    Goal is for 25% total gross savings in taxable/pre-tax accounts.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: How often are you investing in taxable accounts? #253268 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    It sounds like you have all equities in that account, so since you’re going for maximum growth, it would make the most sense to reinvest all dividends.

    That’s what I do in my taxable accounts.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Dividend reinvestment? #252665 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    There will come another golden age for entry into the stock markets after the next recession. The key to taking advantage of any great opportunity is preparation to optimize that opportunity and capital preservation during a downturn.

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    Isn’t this market timing though? I’ve been putting a good chunk into the market every month, but with all this doom and gloom, maybe I should just hoard it in munis instead?

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Market Timer thread #249937 Reply
    Liked by Tim
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    I also recommend the long range model 3. I’ve had it for a few months now, and still get a thrill of driving it every time I get in.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Model S or Model 3 #249088 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    Um this has nothing to do with DeVos. Congress sets the rates and the Dept of Ed executes. But they are based on the 10 year note.

    How Are My Student Loan Interest Rates Decided?

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    Thanks for the link, appreciate it.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Student Loan correlation with Federal Reserve Rates #248931 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018
    Earnest refinancing bonus

    With DeVos at the helm, fat chance.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Student Loan correlation with Federal Reserve Rates #248661 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    I’m already at a marginal rate of 49.3%, plus 3.8% NIIT on capital gains.

    If my W2 job wasn’t so high paying, I would be looking heavily into rental RE and taking a lower paying job as an IC, or do locums. As it stands right now, I have to build some wealth for 5-10 years before I can transition out of it.

    However, if a new president/Congress does ultimately increase payroll or investment income taxes, I would have to leave CA.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    July 2018 NW: -300k

    +150k student debt

    +60k retirement accounts.

    +50k taxable.

    Disability/umbrella insurance

    August 2019 NW: -40k

     

    Goals for rest of 2019/2020 include paying off rest of loans and 10k/month taxable. Start down payment savings. Hopefully pay more taxes, as WCI likes to say (meaning make more income).

     

     

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Financial accomplishments 2018-2019 #245276 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    I’m late to the thread, but I wanted to chime in since we have similar schedules. I work slightly more days than you, but with similar annual pay. I’ve also done locums at various imaging centers around me, but they usually do not provide an increase in pay compared to working extra shifts at my regular W2 job. Sounds like you are in the same situation.

    The only reason I even considered doing the locums job was that it allowed me to do arthrograms and additional MSK cross-sectional studies that I see less of on my regular ER shift. But in the end, the travelling along with decreased pay was too much for me, and now I only do extra shifts at my regular job if I want more income. I suppose if you really wanted to read a certain type of modality more than you normally do, it would make sense to do locums to hone that skill. Otherwise probably not in your situation.

    I agree with others that doing the locums just for 1099 income is probably not a good idea. Just put more into a taxable account if you want more retirement savings.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: locums side gig in addition to full time job- is it worth it? #245139 Reply
    Liked by Brains428
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    On the other hand, if you are competent and efficient, these are extremely lucrative jobs, with much higher salaries than small private practices.

    Click to expand…

    That’s quite a generalization. Perhaps it’s true for the coasts. I’m not aware of any data. But anecdotally in my region, small private practice rads are doing very well.

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    Yeah, I was referring to my state. I don’t doubt there are many practices in smaller and rural cities in less desirable areas which are making 1M+ for the rads.  I’m content making high six figures, and, more importantly, I’ll be able to reach my financial goals living and working where I want. Which is what matters in the end.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Invest in company where you are employed? #245008 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 103
    Joined: 10/26/2018

    I can’t speak intelligently on Radiology Partners but if they’re anything like the CMGs involved with EM (Team Health, Envision, etc.) they should be giving you the stock for free because they’re already giving the physicians a hefty haircut.

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    I’d rather not say which of the companies I’m with, but I don’t disagree with the underlying premise that the rads are underpaid per wRVU.

    On the other hand, if you are competent and efficient, these are extremely lucrative jobs, with much higher salaries than small private practices.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    in reply to: Invest in company where you are employed? #244997 Reply
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