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[EntrepreneurMD]

While this exercise is whimsical, would you like me to explain why it is not reflective of what I do in reality? Or will I be accused of clouding the...

[EntrepreneurMD]

You asked the right question where the operative words are "think will significantly outperform".

1- MSSMX
2- BPTRX
...

[EntrepreneurMD]

Ready for serious conversation and ignoring the anti-anything outside of indexing trolls because John C. told me so crowd? Not sure which side of that...

[EntrepreneurMD]

I achieve decent overall returns with actually very little risk above and beyond the usual traditional indexing, 50% overall return 2020 in retirement...

[EntrepreneurMD]

Sole proprietorship to start is more cost effective with fewer documentation requirements. Consider an LLC as the business grows (when you don't want...

[EntrepreneurMD]

Of my NW, currently roughly 17% is invested in the markets, 21% is invested in CRE, 40% in personal business, 10% is in combined emergency/dry powder/self-insurance...

[EntrepreneurMD]

Already answered upstream, but if you want more specifics Hang Seng China New Economy Index:

https://www.hsi.com.hk/eng...

[EntrepreneurMD]

I already posted my retirement account holdings. Why wait a year? Why don't you see how they did in 2020? They did about 50% collectively in 2020, excluding...

[EntrepreneurMD]

I don't do individual stocks and have already made this quite clear. Neither my mouth nor my money are there. I did name the FUNDS a year or two ago....

[EntrepreneurMD]

I did. Got me some spectacular returns this year....

[EntrepreneurMD]

Can I invest in a China index?...

[EntrepreneurMD]

There will be a lot more than 10....

[EntrepreneurMD]

[QUOTE=TheDangerZone;n247571]

Your crystal ball is clear? Here's a post from you in February 28th, 2020. Emphasis mine. Leveraging? You're...

[EntrepreneurMD]

I told you all in advance (again) the Nasdaq/100 was the index to be in. Clear crystal ball. Leveraging it was good for a 100% return 2020. Sounds like...

[EntrepreneurMD]

Good point. I personally choose what to buy based on long term (5 or 10 year) returns. The higher the better. That's how I chose my favorite fund, generally...

[EntrepreneurMD]

Everywhere I check I see 15.6% SPX YTD. I also saw this number on CNBC. Interestingly though you are correct, I see VFIAX at 17.6% so not sure where that...

[EntrepreneurMD]

Nasdaq/100 was the index to be in the past few years, perhaps SP or total markets will start catch-up. I shifted there 2014.

Anyway, I think...

[EntrepreneurMD]

What is proper for physician level assets? Is there really any scenario where there is a need for more than 5 years of living expenses in bonds? 5 years...

[EntrepreneurMD]

Uhh, it's already gone to the moon. How many years would it take SP to match Bitcoins return YTD?...

[EntrepreneurMD]

Most doctors get stuck in 101. They need an advisor.

[EntrepreneurMD]

You would short an investment while demand for the investment is accelerating?

Eventually all bull runs end, but they don't die of old age....

[EntrepreneurMD]

Why don't you buy a small amount of BFOCX in your retirement accounts along side your index funds and see what happens over the next 1, 5, 10 years or...

[EntrepreneurMD]

Anyone else here doing the reverse, about 20% spent? I think WBD also mentioned this. I now see buying stuff beyond necessities as buying hassles. Healthy?...

[EntrepreneurMD]

No. Index if those even popped up in your mind....

[EntrepreneurMD]

Thanks for the acknowledgement. You followed my holdings yeah!

For disclosure I didn't buy everything I listed above (wish I did, minus the...

[EntrepreneurMD]

No, just an ignorant one....

[EntrepreneurMD]

No, you should be as open minded as I am to different ideas. Inclusion>exclusion.

Here's a little bit of the reality at market returns...

[EntrepreneurMD]

Don't kid yourselves. 11-12% annualized long term return effectively eliminates your chance at any upward mobility or substantial RE efforts. Nothing...

[EntrepreneurMD]

You're looking at the wrong numbers. Compare APR, not rates for clarity.

If you like Bank A's offer and Bank B is moving faster, ask Bank...

[EntrepreneurMD]

I think being that it is a group this was less about equality of (likely equivalent) initial offers and more about negotiations. OP may have been satisfied...

[EntrepreneurMD]

Spend time here and, over the years and decades, you probably won't be the jealous one. Continuing to live like a resident/fellow for healthy savings...

[EntrepreneurMD]

2020 was an unusually good year probably for most.

Investment: New milestone of a 7 figure appreciation in 1 year in retirement accounts...

[EntrepreneurMD]

Welcome to my primary care 1 physician world of no leverage with insurers. You just have to be more efficient and resilient. I know some ER docs that...

[EntrepreneurMD]

Over time think more passive, tax advantaged income streams with recurring dividends for the effort (mainly management and investment)...not practicing...

[EntrepreneurMD]

My dream home is moving from my McMansion to your $4K/month rental.

You've done so well financially, why let emotions mess that up? Too expensive...

[EntrepreneurMD]

Definitely. 99% of those here should have someone manage their finances or just index, perhaps just dabbling token amounts into their curiosities otherwise....

[EntrepreneurMD]

Take your current FI number in today's dollars, and just double it as soon as you can get there - you likely won't have to worry about inflation and tax...

[EntrepreneurMD]

Oh yeah it does seem so. I guess it's so diluted with the total market with just a 3% YTD advantage over VFIAX, although both are respectable this year...

[EntrepreneurMD]

VTSAX, VFIAX buying TSLA today at about $670/share, at one heck of a valuation. Just sayin'. Would most of us buy it today?

[EntrepreneurMD]

Take it, but first ask for 2.5% (or possibly less) with no additional fees. If they say no you lose nothing. Also, the APR which factors in fees not the...

[EntrepreneurMD]

Thanks. Good information.

As a not-for profit, does the recipient have to pay taxes on the appreciated shares or not, or is there some sort...

[EntrepreneurMD]

Yes, undoubtedly OP as well will do laps around some people and their post's "likes". Reality is docs underperform teachers with no interest...

[EntrepreneurMD]

I've been doing 0% unsecured CC loans for about 20 year now. Hundreds of thousands of $. Doesn't 0% and unsecured (no liens) sound better to you?
...

[EntrepreneurMD]

"Its laughable to me when people use the argument "well what happens when you buy a stock that goes bankrupt"."

I'm not...

[EntrepreneurMD]

Would you recommend this for around 6 figures/year in donations or do you just leave someone in this situation donating in the traditional way since the...

[EntrepreneurMD]

Overstock has already tried this with some but limited success.

[EntrepreneurMD]

Thanks!...

[EntrepreneurMD]

Robin Hood.

[EntrepreneurMD]

Beyond tax breaks, a better ROI than any other investment I will ever make. Nurture the soul. Pay it forward. I know I don't deserve that which was given...

[EntrepreneurMD]

No one here mentioned a lightly used Model X??? I'm not even really a Tesla guy...yet.

[EntrepreneurMD]

So if you're willing to hold on to VTSAX during a recession (and probably add to positions) why wouldn't I do that with my AAPL or UHC stock? I aske because...

[EntrepreneurMD]

I very specifically asked you in another thread months ago and you very specifically answered UPRO and TMF. Sounds like obfuscation here to me, convenient...

[EntrepreneurMD]

Case in point. It's all about confidence in your investment strategy. In reality it's apples to apples - neither investment is guaranteed by past performance....

[EntrepreneurMD]

So on December 31 I will see how their 1 year performance fared relative to my portfolio. Then I will see how they fare on a regular basis January 2021...

[EntrepreneurMD]

Not yet. Kinda thinking there may be some more profit taking and tax loss harvesting later in the month. Looking for any small advantage to enhance returns....

[EntrepreneurMD]

Okay sold 1012.726 of FSMEX on 12/8. Posted the last roundtrip (sell/buy) trade as well in October....

[EntrepreneurMD]

You do realize the government limits how much one can contribute annually to tax advantaged accounts. You're kinda making my point as early on I had significant...

[EntrepreneurMD]

Thanks for asking. My first kid is in the scholarship application process. I was pleasantly surprised by how much funding is available in the form of...

[EntrepreneurMD]

Which 3 funds in retirement accounts, and in what relative proportions? 1/3, 1/3, 1/3? I'd be new to the pure indexing thing. Assume I stay aggressive,...

[EntrepreneurMD]

Jaco knows I've owned most of them for years now. I've repeatedly challenged anyone here to find any fund, PASSIVE or ACTIVE, with a 10 year return (long...

[EntrepreneurMD]

You confuse me. You say over the long term active funds will underperform traditional indexing. The implication is that even if active investing outperforms...

[EntrepreneurMD]

Same question. Swap CPOAX or DXQLX for VTSAX or VFIAX? Asking for help with a retirement portfolio as others do here, as they are widely held SP index...

[EntrepreneurMD]

When traditional index funds are the better performers, I will be glad to buy them back. I have no problem with them. Why would I?

Or are...

[EntrepreneurMD]

Warning: This answer is in depth and 99% won't care for it as FI is good enough for most with some SORR considerations to remain FI of course, which for...

[EntrepreneurMD]

Yes! And don't you believe those posted active fund returns returns. They may post 70% 1-year returns or 20% annualized life of fund, but after expenses...

[EntrepreneurMD]

Just so you know, splitting ancillary DHS (Designated Health Services) profits equally among partners is a STARK requirement (or at least an easy solution...

[EntrepreneurMD]

Beat you to it - post upstream. Definitely not a unique genius, no incredible skill-set....

[EntrepreneurMD]

Aside from troll (I actually invest in what I say I'm investing in rather successfully, discussing it on a thread that specifically asked about alternatives...

[EntrepreneurMD]

You asked for an example. Not whether the example was hilarious, serious, bold, silly, etc. Besides, this is far from the only example.

Most...

[EntrepreneurMD]

Right. She did not have the option of underperforming her returns with indexing...at least not until indexing became an option. Wisely, she declined herd...

[EntrepreneurMD]

Grace Groner, who was not a financial professional is a good example. We've discussed her on this site before. Outperformed index with stock. Time frame...

[EntrepreneurMD]

It is isn't it, at almost 30% of holdings. Guess I should say gave up on traditional or SP index funds. I prefer to look at it as a personal collection...

[EntrepreneurMD]

This article is really really good for those young guys and gals that don't want to grow wealth at a snail's pace. These steps essentially mean earlier...

[EntrepreneurMD]

We call it dry powder. Ask anyone on Wall Street and they'll tell you you need some.

[EntrepreneurMD]

Gave up on indexing almost a decade ago (at least as the majority of my portfolio) as the fund performance just couldn't keep up, and have done so much...

[EntrepreneurMD]

Left my group practice for autonomy despite good income for a PCP at the time ($250K+, generous benefits). Even 80% financed a new construction McMansion...

[EntrepreneurMD]

I believe Charles Schwab is merging with (buying) TD Ameritrade if you want to keep it all under one roof. I'm a Fidelity guy myself.

[EntrepreneurMD]

I have our teens working in the office, started at age 15 with permitted state labor restrictions. They're on payroll, file taxes annually and we contribute...

[EntrepreneurMD]

I personally don't think most practices will be willing to share that so unless they offer, I'd be careful what you ask and how you ask it if it looks...

[EntrepreneurMD]

Medical groups have a tendency to understaff and overwork their departments (sometimes inadvertently when hiring does not keep up with business growth),...

[EntrepreneurMD]

50% of professional collections is not bad, probably around average. There are groups that take more than 50% to cover overhead. MGMA has benchmarks....

[EntrepreneurMD]

I know. I realized that months ago.

A multipurposed fund is not a cash drag if it's a multipurpose fund, and it belongs safely in a bank...

[EntrepreneurMD]

jacoavlu...

[EntrepreneurMD]

jacoavlu...

[EntrepreneurMD]

I don't see where you have a case against the builder honestly. Keep in mind COVID will probably be viewed as a very legitimate cause of significant delays...

[EntrepreneurMD]

Our group was structured in such a way that a partner was automatically bought out of the building partnership when they left the group (voluntarily or...

[EntrepreneurMD]

I've done about 20K sq ft but am the only owner and "partner". NNN leases are the way to go. My setup is simple, I have an employee with property...

[EntrepreneurMD]

Ha, that comment wasn't my post.

Remember, the psychology of self-defeatism means you defeat yourself with no one else holding you back....

[EntrepreneurMD]

That 35% is specifically the fund's 5 and 10-year annualized returns. Consistency and reproducibility are critical for me or else I would not bother,...

[EntrepreneurMD]

1- Late 40's family physician. Cut back for time with family.

2- Currently cut back patient visits to 3.5 days per week in office, 8:30-5....

[EntrepreneurMD]

Step by step my friend. Foolish to try to look ahead 50 years.

My goal is to hit 8 figures in tax advantaged retirement accounts within the...

[EntrepreneurMD]

Part of the success that one derives from this site is hearing from others that you can't accomplish what they may be afraid to. Helps one realize how...

[EntrepreneurMD]

6%? My funds have done collectively over 50% this past year. Bitcoin did even better. I own a fund with 35% 5-year annualized return, and yes I've owned...

[EntrepreneurMD]

The unknown will be the assessed home value based on your loan appraisal. You have paid down the home debt by 10%, presumably put down 0% initially of...

[EntrepreneurMD]

...October....

[EntrepreneurMD]

I know right. Making so many mistakes. Learning so much from you....

[EntrepreneurMD]

Many hospitals offer this. Probably more likely in the vicinity of a smaller local hospital looking to increase it's footprint in the community or competing...

[EntrepreneurMD]

Looking for books and education on how to open a business is great. Your accountant/CPA can also be a significant resource. Many work regularly with physician...

[EntrepreneurMD]

In my case redirected new funds to RE and business investments that continued to appreciate while the markets took the 30% hit (and prior), then did some...

[EntrepreneurMD]

That stinks my math was off and it's only $330K in savings. Felt like more because I was knocking off an extra $100K every 12-18 months, but you're right...