Covid home test for cruise-self supervised OK?

[beagler]

We should start a new topic. Opinion on this? Lawyers and insurance say no not ok. Do people do it?...

[beagler]

Ran my S-corp payroll through Gusto. It's looks slick but lacks transparency and control. Default "idiot-proof" mode is difficult to adjust...

[beagler]

No foolproof rules for picking salary. Consider what you could pay a “weak candidate” new attending for the job. Strongly consider >50% of the...

[beagler]

What percentage of previous 50yos have ever had a stock market runup (bubble) like the current one?

Last time I remember everyone feeling...

[beagler]

Keep a pair of Eccos in the office. Then use waterproof Danskos for commuting. Keeps the Eccos clean and dry=longer lasting. Also keeps my office floor...

[beagler]

If vacancies are high and rents didn’t drop that’s a broken market. Try hardball negotiating.

[beagler]

Well, I am one of about 8 independent PCPs left in my city (hundreds sold their autonomy to hospital systems for a few extra bucks.) I know them and may...

[beagler]

Ahh a volunteer, thanks! Zoom link to watch nose swabbing in your private messages......

[beagler]

We'll either do the Binax home or go to CVS. As a full-service primary care doc, I hate to support corporatized healthcare via Walgreens trying to offer...

[beagler]

Anyone volunteer to wanna watch my family stick q-tips up our noses on Zoom?

[beagler]

We're going on a cruise. Requires a Covid test supervised by a "medical professional". We'll that all of us. There's a Binax Abbott test that...

[beagler]

Either gets dialysis paid by Medicare or the prison system. Pick the lowest cost provider.

[beagler]

Highest tax savings comes from highest expected return. If retirement savings are aplenty (enough to pay for health care from there if needed) and time...

[beagler]

Went to #1 networking/conversation was great. Disappointed with online #2 mainly cause missing social part. Out for this one maybe next time. Would love...

[beagler]

Most on this forum have higher net worth than comparable tenure physicians. I'd also venture to say most are going to be far more successful meeting retirement...

[beagler]

Aside from NW, need buy-in from spouse and plan for productive use of time. Both well-covered on other threads.

[beagler]

WCI Forum members Apocalypse Ranch™. The ultimate disaster proof asset-previously only available to decamillionaires. Now yours for a convenient yearly...

[beagler]

So what are 100+ millionaires doing? They probably have this covered.

[beagler]

Chekc your liability insurance policy too.

[beagler]

If you’ve chosen to leverage your trading—good luck to you, magnifies gains and losses.

If one can’t easily pay cash for cars still...

[beagler]

Why the loan on cars? If unable to easily pay cash then probably too expensive.

To get to 12M, consider cheaper cars. $40k (20k x 2 cheaper...

[beagler]

It seems Crixus and EntrepreneurMD are now combined and really good looking. Strangely attractive mix.

[beagler]

Pilots and would be pilots here’s a great episode on a channel deconstructing a general aviation accident. This is a great example of very capable light...

[beagler]

No you can’t. But on the internet no one knows your a dog… (vpn, cough, cough). If you get sued nothing would hold up.

[beagler]

We’re clearly in a bubble. Asset prices high-everyone feels rich. So much cash stimulus sloshing around and no one wants to work.

We could...

[beagler]

WCI is great but human. Meaning when some advertiser pays him, he’s going to be less objective.

His net worth is far above most of us....

[beagler]

Start a loan syndicate here. What interest are rate you looking for and what’s the value proposition. Secured by MD income is pretty good if you’re...

[beagler]

I was a private pilot, did it in med school. Flew around the country with a tent and folding bicycle. Amazing freedom. Gave it up after starting family....

[beagler]

Get some docs together and buy a vacant lot. Park. Sell when the hospital needs it at an appreciated price. Prosper.

[beagler]

Or learn from your mistakes. I did this 20 years and 2 market cycles ago. Subsequently went all-in and stayed fully allocated since....

[beagler]

The people I know that love having no car are avid all-weather bikers. It is freeing and environmentally admirable.

Buddhist - less is more...

[beagler]

My preteen is gonna help me build a practice website. Those can be pricey on the open market because of tech skills needed. At market rates should be...

[beagler]

Advice needed:

I put forgiveness amount in nontax income. Then journaled the forgiven amount to shareholder equity to increase basis. OK?...

[beagler]

No take, only give.

Dog accounting, the way congress runs health care policy......

[beagler]

Where'd you put the forgiven amount on the balance sheet? Nontaxable income under liabilities? Journal that to Equity or Retained earinings?...

[beagler]

I can't imagine hyrbid demand is up with gas prices so low. Hit $6/gal gas and then watch the price of a hybrid......

[beagler]

You're financial advisor (FA) serves you booze on demand? What kind of fees are you paying them?

We plan on premium economy. If a cheapish...

[beagler]

Probably a sign to short Carvana. If they are still running on venture capital you were subsidized by them to jack up volume ahead of an overhyped IP...

[beagler]

They chose not to winterize and account for a low prob (but not rare) event. Perhaps they could invent some kind of wire on a high tower to connect with...

[beagler]

I have a single member LLC taxed as s-corp. Paid accountant for a few years to do 1120S. My return is so straightforward I started doing it myself in...

[beagler]

Even here among the "1%" we routinely have members trying to time the market, trade options cause "smarts" and bail on equities at...

[beagler]

That sucks. Thanks for the warning. Crossing t's and dotting i's always matters as a doc - even for a temporary teleheatlh gig.

[beagler]

My local ED docs tell me their volume was down ~40% during peak Covid. Most of the decrease was from "elective" non-ED ED visits.
...

[beagler]

It’s easy to find if it was reported. check the 1099-int for that account . Reconcile to interest and bonus paid that year (sometimes on year-end statement)....

[beagler]

Most important part of the car. Very cheap risk reduction to our highest risk activity. Michelin CrossClimate if you get some snow....

[beagler]

2M /25 80k is doable if frugal.
3M /25 120k is reasonable.
5M /25 200k is a lot of money
above that is in no way ”necessary” unless...

[beagler]

COVID toe:

https://www.nytimes.com/2020/05/01/h...sultPosition=1

I saw one last week on...

[beagler]

600 mbs on 1gbs might be due to an older router or your wifi/in-house cabling or computer network/wifi card. Or ISP sucks.

You can also buy...

[beagler]

The match reduction is at least fair.

We clinicians want admin to take their lumps too. My local hospital had the C suite take a 20% salary...

[beagler]

It’s great to be ethical and a team player and to do the right thing. Does your administration do the same? Have they taken a pay cut with reduced revenue?...

[beagler]

A small business CPA analysis:

https://wcginc.com/blog/paycheck-protection-program/...

[beagler]

Wait til next full moon....

[beagler]

That we doctors are debating this means we are mostly following the Italy model. Inadequate action until one runs out of icu beds in your city, then most...

[beagler]

Maybe aim restrictions to target hospital Covid census at max capacity. This should get us to herd immunity the fastest without collapsing the health...

[beagler]

Bernstein’s Rational Expectations. I took the data points of his graph in the book.

I love rereading Bernstein’s books. In times like...

[beagler]

For younger readers thinking that’s not me: Abandonment S curve per Bernstein. Also wait til income also gets cut that’s a real test. It’s an emotional...

[beagler]

Take large mortgage payment. Add substantial income reduction. Yield foreclosure/ selling/ price drops.

[beagler]

When bragging all stops then we have reached market bottom.

[beagler]

Seems only be extension to pay, not extension to file?

Per WSJ:
"The U.S. government will postpone the April 15 tax-payment deadline...

[beagler]

Pushing hard to early FI yields an unintended benefit during these situations. After this the WCI and POF message of living like a resident, paying down...

[beagler]

Striking how low ED volume is. We’ve been struggling to reduce ED usage with “no wait” billboard advertised EDs popping up everywhere. Surprise,...

[beagler]

My God I hope this is not the case. If so we might do much worse than China. We really need data on what percentage are asymptomatic.

If...

[beagler]

https://www.pyapc.com/insights/despi...ars-unchanged/

We could bill 99422 it’s 30$ 11-20...

[beagler]

Based solely anecdotal deaths of health care workers caring for the sickest in China, maybe guess that large or repeated viral exposure might cause more...

[beagler]

Wanting to help is admirable. With early FI, FU money, and accommodating young burned-out part-time docs, many of the topics here are centered on the...

[beagler]

We need emergency legislation requiring payment for telehealth 99213. Medicare and commercial payers. Let’s start to lobby.

[beagler]

Maybe he could do whole body skin checks via video. Wait that sounds kind of illegal......

[beagler]

$5k a week for Covid nurses in Seattle? What are the icu docs making? Same as usual probably?

I’m doing video tele health visits for $40...

[beagler]

I’d ask for hazard pay. Trim administration if need be.

[beagler]

Don' t be too sure yet, the market abandonment rate is an S curve per Bernstein.
25% drop 15% abandon.
50% drop 50% abandon
55% drop...

[beagler]

Let's point to the tool: Shiller CAPE 10
https://www.multpl.com/shiller-pe

25 now from 31 a month ago. <20 is probably a good price?...

[beagler]

Anne is now stepping into the ring.

Calling out what 95% of us have been thinking... Popcorn please!...

[beagler]

just covered:

https://www.whitecoatinvestor.com/fo...ffect-lines-7-...

[beagler]

Taiwan has socialized medicine, democratic society with great freedoms, but willingness to sacrifice for common good. Here's what they did: it's amazing,...

[beagler]

It is a very serious brewing crisis is why....

[beagler]

That is impressive! It’s what happens when people act in public interest rather than just self interest. You don’t have to go far to know how we think...

[beagler]

WSJ article Biogen Feb meeting caused 24 cases. We don't need WCICON to make the WSJ. "Smart docs hold large convention during critical Coronavirus...

[beagler]

So just to be clear you are Risk on / Risk off with 15% of your portfolio?...

[beagler]

I too am working spring break since I bagged on Vegas.

Working one day covers all forfeited conference related costs. By cancelling or skipping...

[beagler]

Zaphod I’m sure you’re aware the biggest driver of long term returns is time in the market.

Missing just a handful of the best market...

[beagler]

You underestimate our loyalty to you and WCI. Break even on refunds and expenses and no one will fault you. Maybe give first timers existing online course...

[beagler]

We are nowhere near what 2008 felt like. When the majority of posts even here are freaking out, then we’ve reached maximum pessimism.

The...

[beagler]

Good idea there were major flash price mismatch to asset values in past. Gonna have to wait for a bigger recession decline where bonds crash too. Bond...

[beagler]

Props to WCI for even allowing this discussion. We are on his front porch.

He has prospered via the internet and this open discussion makes...

[beagler]

We all try to do right for our patients and family. I too expect to get the virus eventually. The difference is we have a responsibility to try not to...

[beagler]

Vegas' entire economy dependent on conventions and tourists. No way the government says cancel until it is already upon them. The same time as WCI conference...

[beagler]

I'm pained. Agree wtih FLP US is vastly underdetecting. I love WCI conference--went to the first one and signed up first day for this one. It's great...

[beagler]

I think a doctor conference is low risk, but high consequence. A thought experiment: say one attendee tests positive 2 weeks after conference. What happens?...

[beagler]

Biogen meeting in Boston Feb 26-27. 175 people attended. 13 cases traced to the meeting. All attendees subsequently recommended to self quarantine 14...

[beagler]

The system is broken cost wise. Covid induced deficiencies might eventually push us past a tipping point to Medicare for All. Which of course would not...

[beagler]

There is debate on this. Spiritrider is probably technically correct as usual, but at least some CPAs are doing it otherwise:

https://ww...

[beagler]

Sigh, another under-appreciated brilliant investor/economist doctor......

[beagler]

We refied aggressively in past. Planned on keeping a 15 yr for leverage and inflation hedge. Wound up just paying off the mortgage very early. Sleep better...

[beagler]

Bally’s room rate is about $105. Join the Caesar’s player club (free) then click reserve.

[beagler]

Room rates at Paris hotel are down. So are last minute flights to Vegas. Anyone want to sign up there's probably conference spots too!

[beagler]

A refi with your existing mortgage company sometimes involves less "probing" due to previous STD testing.

[beagler]

How are 100%+ leveraged equity (via mortgage) folks feeling? How are momentum and options traders feeling?...

[beagler]

Following William Bernstein's recommendation to quit the game when you've won, some of us with potential retirement <10 yrs away have a sizable cash...

[beagler]

So there's no sugar coating it. Crixus' portfolio is doing great, but he's got quite a few years worth of missed equity gains to make up. The key will...

[beagler]

This is one of the main reasons you don't want S-corp for moonlighting when with maxed out FICA at day job.

https://www.whitecoatinvesto...