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Pretty cool for sure

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Free market at work bro....

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I have allocated 5% to crypto, but I had a much higher amount during the cycle - I started buying earlyish - 400 eth, 12k btc - and more importantly,...

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Brk is the stepping stone to reach the next level - in between individual stocks and total market. Could do a lot worse.

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Nope. Simplicity is the key to brilliance. I'm okay with Total US market index. Aka: Vti & Chill.

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If you can get a doctor's loan and can put all of the windfall into Vti, do it. Market is ~20% down, so lump sum is not as scary as a few months ago....

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???

First off, I specifically said BTC is NOT a Ponzi, but a pyramid scheme. They are two different terms with different meanings.
...

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While I agree that the vast majority of "crypto" is scammy and all of DeFi are literal Ponzi schemes - aka the early investors are paid out...

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We are around 20% above pre-covid highs, so it's not as ridiculous as it was before. It's possible we drop more, but that should be a good thing for ...

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If you really want/need a house now, then yes - you can afford it.

But it's also possible the housing market cools off a bit (and already...

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Currently, there's a global deleveraging event where all speculative long-duration assets, memes, unprofitable Ark, crypto, etc are being sold off. So...

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This is good advice in general for any speculation/investment, & is so well-known they have terms.

- Martingale strategy: doubling down...

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BTW - remember how BTC was supposed to decouple from the equity market? Swing & a miss.

In fact, as more institutions come in - it will...

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He could abscond to Bitcoin City. ...

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A primary house is basically a savings account, except with higher yield. Historically, houses appreciate at inflation rate (3-4%) assuming you're in...

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Bad take.

Gold has been around for millenia, and is used pretty commonly as a literal store of value to transfer wealth between generations,...

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Macallan 12 & 15 yr or Glenfiddich 15 yr are go-tos.

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No they won't.

VCs are the first to dump in a bear, since they got in at like 1 cent on most of them. Still make huge profits....

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I mean I did something similar right out of training, but not as pricey, and I didn't regret it at all.

Also, if the car is the only large...

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Risks being, of course, that it could implode into a self-perpetuating death spiral to zero, as it seems to be doing at this moment....

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This is an algorithmic stablecoin - backed by a literal Ponzi scheme. Completely different than regular stablecoins.

USD-backed stablecoins...

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Lol - Cardano (& every other alt/shitcoin) will go down likely 80-99%. The only coins which will survive will be BTC & ETH - albeit at a 70-80%...

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Yep - important to keep things in perspective.

BTC went from 3k to 69k because of unprecedented money-printing, market mania, & historically...

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Too late for that - horse already out of the barn - better to have set cash reserve/allocation - then deploy during times of increased vol like rn....

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Not in an era of rising interest rates....

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Actually: USD has been mooning this year & is the second best performing asset this year behind commodities.

Also, not sure why people...

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Another algo stablecoin bites the dust - & this time, they brought down BTC and the rest of the market with it (DoKwan had to sell $1.4 billion of...

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"Real value" more in line with 200 week average of 22k-ish.

But if you believe in its adoption rate, then anything sub-30k is prolly...

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Look on the bright side: when you sell the old funds for a gain, you will pay less taxes than you would have last week (b/c of market meltdown in progress)....

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Bear market in full force now. If one wanted to allocate 1-5% of portfolio in crypto, now would be a reasonable time to start DCA I suppose.
...

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Depends - do you like torching your money for fun?...

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VUSXX is a Treasury money market fund, comprised of 30-day T-bills. Literally the safest investment in the world - yielding 0.45%.
VGSH is Short-term...

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That sounds very pedantic.

Also - you already admitted to never having watched the show, or read the original blog post - so not sure how...

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3rd.

'Patience is bitter - but its fruit is sweet'...

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I got it during fellowship, so you should consider it ASAP.

The amount you will be paying is paltry to cover any tail risks which may arise...

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This post is pretty good tbh: https://forum.whitecoatinvestor.com/...-random-topics...

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To OP: stablecoins are another way to add yield. I know it sounds scary because they are under the umbrella of "CRYPTO", but they are much "safer"...

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Wish you had spoken up more vociferously earlier on then!

I've only invested in the era of UpOnly(TM) - so likely new regime going forward,...

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Right - PEs want the biggest bang for their buck, so makes sense they would go after lucrative fields/practices to begin with....

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Tipping for most services you frequent is fine and expected - like barbershop, restaurant, delivery, Uber, etc.

But the option to tip at...

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Meh - no biggie - he/she will still have a cushy life with high comp.

PE is suboptimal sure, but not the end of the world. Also, it's nowhere...

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ETFs are better in almost every way, UNLESS you want to automate monthly contributions - then you can do that via mutual funds at a set dollar amount,...

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Yep.

...

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Interesting - didn't know Amazon price gouges Kindle book sellers.

As one who reads a lot, and almost exclusively on Kindle, I will prolly...

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1) Mid caps have actually been the sweet spot in terms of r/r - there's a famous thread on Bogleheads called 'Mel's Unloved Midcaps' that does a deep...

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Derm, path, rads, gas - keep these in mind if you want high r/r of training vs comp & lifestyle. Psych decent too if you practice in posh area....

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Not just money - lifestyle & money. Prolly a smart move tbh....

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Why would you need privacy in your purchases (unless it's illicit goods)?

Using cash for small purchases (or any purchase really) sounds...

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Sounds like a bad idea, for the persec reasons described above.

If you want to simplify, why not just choose one all-inclusive 2% cash back...

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Out of those 4, marijuana is by far the "healthiest" (or least deleterious) option - no contest....

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What is this?

Has there ever been studies showing that you can experience overdose or withdrawal from weed? It's not like heroin or cocaine,...

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Short-term T-bills. Slightly above zero yield with no loss of principal. Better than cash....

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TikTok actually.

Discord is mainly for crypto bros/gamers/techies....

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That's great - but psychiatry is very far removed from that - why not consider grad school in chemistry?

You will never use chemical formulas...

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What does "studying the chemical properties of medicine" mean - sounds like you might like pharmacology?

Might as well become a...

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If you like gold, there's really no good reason (aside from the novelty of BTC - only been around for 13 years) why you wouldn't also like bitcoin. Every...

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No.

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???

Ur confusing anecdotal/historical usage (& likely placebo effect) for scientific truth - they are not remotely the same.
...

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I haven't done this (yet), but I would think this experience is priceless - great ROI for 10k....

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Bumping this because I have been considering a small safe recently - mainly just for some sentimental documents/passports/cash/watches I keep at home....

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Yep.

You travel to get exposed to new cultures, people, food, languages, sights/sounds/smells, et al. It gives you differing perspectives,...

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You cannot seriously expect an adolescent in 2020s to grow and mature in their most formative years - socially, emotionally - without a phone. So that...

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???



It's global market weighted, but impossible to rebalance/TLH between international and US, so I don't like it....

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If he did recommend this, it may be more so because of his ideological leanings & slavish/cultist devotion to #45 more than any medical reason....

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Interesting - I wonder if that's because they are so common. I guess I thought because they are not flashy and more boring, they would be not as desi...

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A civic or corolla as a first car can't really be beat - reliable, lasts forever, cheap maintenance when needed, less likely to be burglarized, et al...

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I'm not a gold hater - I think it's fine to own it (either physically as bars/bullion, or jewelry - which is how a lot of countries even today, especially...

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This sounds like massive copium tbh. Haven't you been bagholding BABA for years now?




Maybe, maybe not.

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Google down 7.7% including after hours after earnings disappointment. Who knows if this is just short term pullback or the beginning of a longer draw...

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Right, that makes sense. For 99% of people on this forum, it's a nothing burger. Good to know....

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TWTR makes up ~0.06% of VTI.

Let's say you own $1m worth of VTI - that would be $600 worth of Twitter stock you own. Assume you held VTI...

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I can't possibly imagine how road-tripping in a caravan would be much fun after a few weeks, let alone few months. Maybe go on a short trip first and...

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Tesla is a fun car to drive, but only if you have access to consistent/cheap/convenient charging on a daily basis.

Living in a condo/apt...

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This will not happen - when you remove terms of service, the most abhorrent people take over and it becomes a toxic wasteland - Popper's paradox....

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Surprisingly, Anchor still offers yields of 19.51% annualized - very juicy, but ofc not without risks.

GUSD has slightly decreased from its...

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Everything is predictable in hindsight - everyone knew the irrational covid bubble wouldn't last, but then why didn't everyone short it?

...

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As someone who is finally looking to buy a primary home by summer 2023, I'm actually looking forward to rates increasing - in hopes of home prices dropping....

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I believe the S&P has never had a 20-year rolling period with negative returns, so that would essentially be a guaranteed positive nominal return....

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Assuming 10k is enough for e-fund, and you don't have any large purchases coming up (car, house, fancy trip), then put it in total stock mkt etf in t...

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They are good for cushioning vol in a large portfolio. TIPS are useful and better than cash in inflation scenario. Gold is kinda dumb - much rather own...

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Nice sleuthing - but also: OP is quite a strange troll...?...

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Yes that's not a bad idea - I tax-loss harvested VTEB already this year as well....

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??? You wouldn't buy a bond fund because it has "really taken a beating price wise" - you would buy one if it's part of your bond allocation....

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As a physician, you have the luxury of being able to move to sunnier, warmer climes if desired and still make a good salary. You didn't mention how much...

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Hanlon's razor....

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There's nothing wrong with holding a CA muni bond - I do as well. However, I do 50/50 VTEB/CA muni, to diversify the risk somewhat.

The reason...

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If you can wait 6-12 months, chances are more likely than not, that there will be some decrease in house prices, given the 30-yr mortgage is at 5% right...

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Yep I agree - no free lunch.

I strictly use Gemini, since it's the most regulated and endorsed by the NY state financial apparatus. It's...

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Stablecoins have been quite lucrative indeed - muni bond income seems paltry in comparison....

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While I agree that forgiving student loans for doctors (who will be in the top 1-5% of income earners in the US) is kinda dumb, unions have other perks....

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It might be a terrible idea, but this rationale is nonsensical.

Working long hours doesn't make you a better resident - it makes you tired....

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I see you have all growth stocks in taxable account - yes, growth has done phenomenally well last decade, but doesn't mean it will continue its outperformance....

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If you want a small allocation of your portfolio to cryptocurrency as a speculative investment, then yea it's fine. 1-5% is the usual recommendation....

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Apparently, Twitter is fighting back with a "poison pill" defense - whereby they essentially dilute the shares so it's less desirable for a...

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So you have never flown internationally for leisure?...

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See if you can transfer your account from a regular brokerage account to a pledged asset line. Then use that to borrow from, without having to sell your...

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First class has the best r/r for international flights, when the luxuries are worth the price for the long overnight trip.

Might also be...

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How can he possibly foretell what the rate will be in another 6 months?...

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Same here - I front loaded my employee 401k, Roth, HSA in January, and then got a lump sum employer profit sharing contribution in early Feb - bad timing,...

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The only conundrum is whether to lock in the rates now at 7.12 & 9.62, or wait till May, and get 9.62 for 6 months, but then who knows what the next...