Forget 1% , Check out these fees

[Crazyroadtodublin]

In the minority here but I would see what happens in congress over the next 60 days and if the LTCG rate changes next year, your losses may be more "valuable"...

[Crazyroadtodublin]

You could do it yourself......but with that net worth why would you want to?

With that net worth you could do what Buffet said 90 pct 500...

[Crazyroadtodublin]

Fantastic post. Your success has brought you a first world problem. I would concentrate on the relationships that work brings you. I have found spending...

[Crazyroadtodublin]

Pretty typical, tort reform resulted in a lot of lawyers having to change specialties in Texas. Remember the need for board certified Texas docs to...

[Crazyroadtodublin]

Stop.....When it's no longer fun.

[Crazyroadtodublin]

Ditch the EF, you don't need it. Get a relationship with a private banker and a line of credit....shoot for 1 million and prime -0.75....

[Crazyroadtodublin]

Lithium wrote: nephron wrote: I was just finished listening to “the millionaire next door” and it’s amazing how much the internet has changed everything.   I can’t even ima...

[Crazyroadtodublin]

This is my safe space.

[Crazyroadtodublin]

And then some

 

[Crazyroadtodublin]

What I find interesting here is that we often complain in medicine about our fees being cut, but that does not compare to what is happening currently...

[Crazyroadtodublin]

https://advisorhub.com/rockefeller-opens-d-c-office-with-4-million-merrill-team/

[Crazyroadtodublin]

The issue is that she wants to burn the candle at both ends....Wealth tax on the high end payroll on the other end.  (How's that for trouble

[Crazyroadtodublin]

Yes. Decided not to recert. I have found conferences with friends the least painful way to keep up to date.  Increased malpractice insurance, eliminated ...

[Crazyroadtodublin]

I think this is one of the greatest ways to determine how an individual will handle an inheritance.  I like thinking of it as a micro test.  If my son...

[Crazyroadtodublin]

Not really sure how that’s germane, but some have told me,some got stock in public company’s and it’s disclosed on the 10k, once interviewed at...

[Crazyroadtodublin]

Spending in the top 1pct is the surest way to exclude oneself from a net worth of 1pct. In my mind, the former precludes the latter. I know at least a ...

[Crazyroadtodublin]

wcinewbie wrote: Crazyroadtodublin wrote: Yeah I am not in favor of those and we don’t have them, but if you sign the contract whose fault is that? Click to expand… You mean like this? https://www.whitecoatinvestor.com/...

[Crazyroadtodublin]

MPMD wrote: Crazyroadtodublin wrote: who is being greedy the old timers or the spring chickens? Click to expand… Both.   Crazyroadtodublin wrote: Yeah I am not in favor of those and we don’t have them, but if y...

[Crazyroadtodublin]

dayman wrote: Crazyroadtodublin wrote: Here is the flip side.   Over the last several years I have had several people interview for associate positions in my practice, many of whom stated they would not pay any goodwill...

[Crazyroadtodublin]

Yeah I am not in favor of those and we don’t have them, but if you sign the contract whose fault is that?

[Crazyroadtodublin]

Here is the flip side.   Over the last several years I have had several people interview for associate positions in my practice, many of whom stated the...

[Crazyroadtodublin]

OP figured out the game long before most knew it was being played.  Not many ways to get to Ultra high net worth, but high income, low consumption enables...

[Crazyroadtodublin]

And hence the issue with these plans, in simplicity there is peace.

[Crazyroadtodublin]

I would get the group to pass, these plans work great if your 60, 45 not so much. They are not cheap to implement.   I think it is fair to say that we...

[Crazyroadtodublin]

Still large position, actually larger now than 3 months ago, still leveraged.  Pretty impressive almost staggering losses over the last 3 months, but...

[Crazyroadtodublin]

My best shot of getting to 10 figures would be to quit work and live a 100.  Compounding can become far more important than earnings when you get to...

[Crazyroadtodublin]

The best part of being fi and practicing medicine is I can do what I want.  I am far more likely to not operate on anyone that even looks at me the wrong...

[Crazyroadtodublin]

If paying 3,000 dollars for advice a year would bother you imagine for a second what paying 300,000 a year would do to your mental state.  Don't let...

[Crazyroadtodublin]

Lots of things out there, Munis, qualified dividends real estate, hold stocks for more than a year etc

[Crazyroadtodublin]

Good morning,   Not an expert on this but had a plan for 2 years then stropped it.  The staff has to be in the plan from day one but you can vest th...

[Crazyroadtodublin]

I understand a tax cost, not aware of tax ratio when discussing mutual funds I think the term may be tax efficiency ratio.    ...

[Crazyroadtodublin]

Nope. First I don't know what a tax ratio is, but a three fund portfolio is highly tax efficient. Second what minor edge they are selling does not ta...

[Crazyroadtodublin]

My accountant would nix this in a second.   "And since most of my clients are business owners, I actually don’t pull fees from client accounts. I...

[Crazyroadtodublin]

Sold some puts on apple, stock closed below strike price and expected to get the stock.  About half the option fulfilled the other half just expired...

[Crazyroadtodublin]

So its been a long time since I read the law, but from what I remember Stark just set out parameters for staying in safe harbor.  Meaning if you stayed...

[Crazyroadtodublin]

Very little good can come about discussing this with friends or inner circles.  Either you will feel totally inadequate or make others jealous.  Your...

[Crazyroadtodublin]

I would think the distributions would be match the ownership percentages of the s-corp as has been discussed before a reasonable amount of wages (w-2)...

[Crazyroadtodublin]

I am so looking forward to hearing him speak.  I wonder what he thinks about using TIPS as 100 percent of an individuals bond allocation in today's ...

[Crazyroadtodublin]

My son is 8 and cleans my office as well.  I started him at a much lower rate (10 dollars an hour).  The cleaning became mundane to him so I moved him...

[Crazyroadtodublin]

Maybe I am missing something here, why wouldn't you invest in the plan?   I wouldn't set one up if your as young as you are because the benefit isn't...

[Crazyroadtodublin]

No expert but I was just as happy as a resident and fellow as I am now.  I agree with POF that the little things irk me much more now when practicing...

[Crazyroadtodublin]

ItEngineer,   The thought process behind asking for advice was to get the hive to  suggest ways of sheltering the profit and get diversity.  I appr...

[Crazyroadtodublin]

I would be happy to be interviewed by white coat, I have admired his commitment for many years. This board and site has been a great resource to me and...

[Crazyroadtodublin]

Yes , charitable fund to be established with highest percentage gainers

[Crazyroadtodublin]

Thanks for the responses,   Yes would be long term.   I can afford to pay the taxes from the sale of the securities.  The amount of taxes is sub...

[Crazyroadtodublin]

Happy holidays to all,   So a little about my issue.  My portfolio is highly concentrated and highly margined which needs to be corrected.  I ha...

[Crazyroadtodublin]

I find this such an interesting post because I thought long and hard about my number.  I constantly ran the numbers and obsessed how and when I would...

[Crazyroadtodublin]

After getting burned, and I mean burned (7 figure losses), I became friends with the new private placement manager for a family office managing several...

[Crazyroadtodublin]

Read this book 20 years ago,  it was groundbreaking at the time and is a true classic.  This book and Bogle's book are responsible for my fi.  Pick...

[Crazyroadtodublin]

Agree 100 percent.  I always figured that I would just work 10 more years if needed.  It is almost impossible to generate multigenerational wealth by...

[Crazyroadtodublin]

Margined portfolio.  i.e. borrowed 50 percent of value of portfolio and invested it in stocks.....will retire whenever I decide to, maybe next week maybe...

[Crazyroadtodublin]

50 years old 150 percent stock portfolio except for 5 years expenses in cash.

[Crazyroadtodublin]

Thought long and hard about this issue.  There is no way the investment of time, supervision and aggravation makes these economically viable.  Its sold...

[Crazyroadtodublin]

Yup painful days the other side of the coin

[Crazyroadtodublin]

I view options as clipping coupons,  every month you can pick up change.  If I liked apple at 155 , I should love it at 148.  I use them as a cheaper...

[Crazyroadtodublin]

Yup super painful day, rolled down and out in duration. Down 251pct on trade.  Risk and reward.  No doubt I got bit by the snake today.

[Crazyroadtodublin]

Nothing too fancy here, the interesting thing to me is how differently we view the stock.  Revenue is increasing, Repatriation, Supercycle, Weakening...

[Crazyroadtodublin]

As Taylor has stated there are many roads to Dublin.   My wish is for all or us to arrive unscathed.

[Crazyroadtodublin]

One other thing that hasn't been discussed is that these premiums are taxed as short term gains which is brutal.  Having said that I have been dying...

[Crazyroadtodublin]

Delta, Gamma, Theta and Vega are prob beyond the scope of a single post,  but yes I am selling puts out of the strike price usually 45 to 60 days away...

[Crazyroadtodublin]

Ok I will bite,   I sell naked puts every month,  collect about 10 grand in premium,  I never sell on an underlying stock that I wouldn't want to...

[Crazyroadtodublin]

The regulation on a hedge fund is out of control, additionally the risk I take would open me up to litigation, just simpler to play in my own sandbox....

[Crazyroadtodublin]

That looks super complicated, three fund it and you will be just fine

[Crazyroadtodublin]

Click on portfolio then holdings , should come up

 

Crazy Run won't happen again ever

[Crazyroadtodublin]

Leverage and concentration

[Crazyroadtodublin]

There is no magic here, returns and risk will be directly related.  Current YTD return 43.3%

[Crazyroadtodublin]

Never owned a bond and don't plan to.  Crazy is 300 Pct stocks using leverage.  100 pct is perfectly fine in my book if your not going to touch the...

[Crazyroadtodublin]

Great topic,

 

Have trusts set up, but I would hold on doing anything right now and see if Washington gets anything done

[Crazyroadtodublin]

TD ameritrade will do this for you for a fee, but I see bigger issues.  What happens if there is a capital call?  Phantom income? What do the partnership...

[Crazyroadtodublin]

Sorry 100%, yes my portfolio is out of position. But over the long term I have found that very few assets return what stocks do without the hassle of...

[Crazyroadtodublin]

So my portfolio is 100 stocks and bonds and besides my personal residence I own no real estate.  Got the pitch for 25% of my net worth should be in these...

[Crazyroadtodublin]

YUP Toast

[Crazyroadtodublin]

A couple of words about repatriation or India and you can get out the butter, cuz he will be TOAST.

[Crazyroadtodublin]

Yes for at least three years.

[Crazyroadtodublin]

Hello all,   I have been offered a buy out of my practice.  Any thoughts on the sale of a solo practice to a large group for cash.  I have achi...

[Crazyroadtodublin]

WCI Your success is well deserved.  Your site has saved docs tons of time, money and aggravation.  May the new year be even kinder to you.   CrazyRoad...

[Crazyroadtodublin]

I would get margin from IBD if you carry a high enough balance on Margin the rates are insane.

[Crazyroadtodublin]

The returns do include dividends> I use the the bogleheads spread sheet which I find more accurate than other sites.

[Crazyroadtodublin]

Exactly very painful

 

[Crazyroadtodublin]

Thats the question?  Probably a combination of both, more luck than talent.  My 20 year history runs about 6.2 pct higher than the S&P... Thought about...

[Crazyroadtodublin]

First let me wish everyone a healthy and successful 2017.  I think this forum has provided me with fantastic resource and advice that  I am eternally...

[Crazyroadtodublin]

After being burned multiple times with private equity deals I would ask you to consider the following points.   1.  Is there a buy/sell agreement th...

[Crazyroadtodublin]

Correct and if the loan is for an "extended time " interest will need to be charged...prob more of a hassle than its worth

[Crazyroadtodublin]

Did this with a line of credit accountant said it was fine, personal funds would be "frowned upon"

[Crazyroadtodublin]

Kon, I appreciate your response.  I agree about the fees about 4 grand per year (2 for the 401k, 2 for the DB) to save an extra 50 grand over what I...

[Crazyroadtodublin]

I have looked at this issue for hours and still can't seem to figure out what the answer is.  For me, after having a defined benefit plan for several...

[Crazyroadtodublin]

I agree with the above, but it is important to remember that Texas underwent tort reform several years ago.  The result was that many attorneys (ambulance...

[Crazyroadtodublin]

The first is by far the hardest.  Finished fellowship 20 years ago but saved 200 dollars a month through med school.  Five years later hit 1 million....