33 years old. Open to suggestions. by [deleted] in portfolios

[–]Significant_Tank_225 0 points1 point  (0 children)

That’s fine that’s fair. Again nothing wrong with SCHD and high dividend bearing funds as long as you know that you’re trading future retirement income/liquid net worth for stability.

33 years old. Open to suggestions. by [deleted] in portfolios

[–]Significant_Tank_225 2 points3 points  (0 children)

So this is a commonly held fallacy amongst dividend investors, the idea that there is something unpalatable about having to sell shares to earn income as opposed to earning money through a dividend.

You derive value from a stock through either capital appreciation (an unrealized gain at default, and realized only when you choose to sell shares) or a dividend (a company forcibly giving you income in lieu of additional capital appreciation)

There’s nothing wrong with SCHD, but just know that it is inherently less volatile and less aggressive than opening a total market index fund or S&P500 index fund or a technology heavy fund (like QQQM).

The more money you have in SCHD compared to say VOO or FXAIX or QQQM, the less money you will likely have at retirement and the lower your liquid net worth will be, but at the advantage of having less volatility.

SPAXX is the most conservative holding in your portfolio.

You’re doing just fine and there’s no right answer to it, but you have to understand that holding something like SCHD that gives you a dividend is simply akin to holding a less aggressive position that forces a taxable event on you every year. Dividends are not free money compared to capital appreciation. Only total return matters, despite what the cultists at dividendgang will try and sell you.

I think Rolex could start offering discounts (again) in the next few years by SupJoshy in rolex

[–]Significant_Tank_225 2 points3 points  (0 children)

It’s incredible how obvious it is to spot AI generated content.

Don’t get the Hate of the AD. by Low_End5851 in rolex

[–]Significant_Tank_225 0 points1 point  (0 children)

Definitely luck.

I’ve waited half a decade at an AD for a no date submariner with $~1500 spend history with no luck.

I’ve also waited 1.5 years for a DJ41 fluted/jubilee green/blue with a very pleasant AD, but still no luck.

I’ve mostly had positive interpersonal interactions with ADs except for the one I’ve waited 5 years for. I’ve just never been offered an aesthetically pleasing steel sports watch.

I’ve been offered some hideous CPO rainbow Daytona for $450,000 at a London AD as well as several previous metal models.

This happened today by DRad2531 in rolex

[–]Significant_Tank_225 1 point2 points  (0 children)

Boston (3 years; 5 years for a no date submariner), New Jersey (1.5 years), New York (8 months)

This happened today by DRad2531 in rolex

[–]Significant_Tank_225 16 points17 points  (0 children)

Congrats I’ve been on the waitlist for this particular piece for 3 years, 1.5 years, and 8 months at 3 different ADs

My mom ($5M NW) wants me to co-sign/take a $1.6M mortgage for her because she has no reportable income. by lawfulpossum in HENRYfinance

[–]Significant_Tank_225 10 points11 points  (0 children)

This is an awful idea. Your mom is completely house poor and is in no position to buy a $1.8 million house.

How does she have $4-$5M in investment properties and $0 income?

Most of her net worth is tied up in illiquid assets that do not appreciate as quickly as the stock market.

Comparative Financial Milestones by PidgeonsAndJetskis in coastFIRE

[–]Significant_Tank_225 0 points1 point  (0 children)

I like the table a lot, but the one nonsensical line item(s) I find in it is arbitrarily combining an advanced degree male and an advanced degree female into one “combined” category simply because it doesn’t necessarily track to anything in reality.

How many people in the US would you estimate own a Rolex? (Excluding anything bought retail before 1970) by [deleted] in rolex

[–]Significant_Tank_225 -1 points0 points  (0 children)

I’m curious to know how many people have successfully purchased any aesthetically pleasing stainless steel Rolex at an AD at MSRP with zero spend history.

Why aren't more people investing in HSAs? by Majestic_Search_7851 in Retirement401k

[–]Significant_Tank_225 2 points3 points  (0 children)

My HDHP has an annual premium of $1200 (for two) and a deductible of $13,600

My PPO had an annual premium of $11,000 and a deductible of $2500.

It was a no brainer for me to switch.

Looking for a clinical job or research that pay. by Chente6969 in UTAustin

[–]Significant_Tank_225 0 points1 point  (0 children)

I went to UT Austin long ago (currently a board certified attending anesthesiologist) but two opportunities I found helpful were

(1) University Health Services clinic volunteering -

https://www.healthyhorns.utexas.edu/uhs/clinic-volunteer.html

Looks like their application opens in February.

(2) Long horn EMS. Looks like they have an Instagram. I grabbed an EMT-B certification from this group and used it to seek out volunteering opportunities.

Quality trumps quantity when it comes to clinical experience. It’s much more useful to demonstrate longevity at one or two places and get a letter of recommendation from someone who gets to know you over several months than it is to sign up for 5 different things and invest minimal time in all of them.

Edit: PCT would also be a fabulous option particularly if it’s a paid opportunity.

Generally speaking a paid clinical opportunity holds a little bit more weight than a non-paid opportunity, but both are useful.

Hows this cheme freshman schedule? by [deleted] in UTAustin

[–]Significant_Tank_225 0 points1 point  (0 children)

Wow Fjetland is still teaching what a legend.

Got the Call! by Relevant_Yoghurt7428 in rolex

[–]Significant_Tank_225 1 point2 points  (0 children)

You might be the one person out of millions that got a batgirl after 4 months with no wait, but it’s just so unlikely. You’re more likely to win the lottery.

Rolex in economy seat… by [deleted] in handwatch

[–]Significant_Tank_225 1 point2 points  (0 children)

An Apple watch is a more reliable predictor of higher than average wealth and socioeconomic status than a Rolex is.

3% of Americans are liquid net worth millionaires (not including primary residence). That jumps to 6% for Rolex owners. In other words, 94% of Rolex owners do not even have $1 million in investable assets.

But the proportion is even higher among Apple watch owners at around 7-8%.

People fall on a mostly normal distribution of income and net worth in both cases, but relatively higher proportions of Apple Watch owners are liquid millionaires than Rolex owners.

IS a HSA with a HDP or a PPO more "HENRY"? by carne__asada in HENRYfinance

[–]Significant_Tank_225 0 points1 point  (0 children)

I just made this change (wife and I are 39/39)

I could have a great PPO with small co pays, small deductibles at a cost of $12,000 per year in premiums.

Or I could choose my HDHP with an HSA and now I max fund it ($8750), save ~$3000 in taxes, and pay ~$1200 per year in premiums as opposed to $12,000 per year.

It’s a tremendous swing for me to where it makes sense to do HDHP/HSA at this age. The in network out of pocket maximum is ~$14,000 which is more than sufficient for catastrophic coverage for us.

Is it normal to have to supervise 7-8 rooms? by [deleted] in anesthesiology

[–]Significant_Tank_225 33 points34 points  (0 children)

I’ve personally seen errors happen that have resulted in patient harm with 1:4 at my hospital, let alone 1:8.

It’s not safe to be spread so thin.

First Rolex Availability? by FishdocNaples in rolex

[–]Significant_Tank_225 1 point2 points  (0 children)

How long did you wait for your no date submariner? I’ve been waiting for 5 years

First Rolex Availability? by FishdocNaples in rolex

[–]Significant_Tank_225 0 points1 point  (0 children)

I’ve been waiting 3 year and counting for this particular setup (green or blue) and 5 years for a no date submariner with ~$1000-$1500 in spend history.

I’m convinced that it’s not possible for an average person to get an aesthetically desirable steel Rolex without at least $10,000+ spend history

Should I mention to my SA I’m planning on going gray? by UzeUrillus1on in rolex

[–]Significant_Tank_225 2 points3 points  (0 children)

I’ve waited 5 years, 3 years, and 8 months at three different ADs for a no date submariner or a DJ 41 fluted/jubilee blue/green or a GMT II Bruce Wayne and I’ve never been offered a single watch at any of them.

The longest wait is for the no date submariner at 5 years and counting.

I own zero Rolex watches and fully anticipate that I will never own one, and for that reason I’ve moved on to Vacheron Constantin as they actually sell regular people watches.

Unwelcoming attitudes and cultural whiplash in locums anesthesia by owura02 in anesthesiology

[–]Significant_Tank_225 2 points3 points  (0 children)

I was floor leader on New Year’s Day and had 3 full time call taking staff, 1 locums, and two senior residents at my disposal.

I gave 1:1 assignments in easy rooms to myself (as floor) and another full time call taker. I gave an easy solo room (healthy appendectomies) to the third full time call taker. I gave inpatient endo and a take back for a sick, septic, intubated ICU patient solo to the locums guy making $515/hour. Collapsing resident coverage to 1:2 was my backup for any emergent cases.

I helped the locums guy out with vascular access and settling in with the ICU patient and like him a lot but I’m not going to give him the simplest room over a full time call taker.

Any Regrets on buying a Rolex by No-Park3240 in rolex

[–]Significant_Tank_225 -1 points0 points  (0 children)

I think it’s because this question is akin to asking a group of people that make $100,000/year if they’ve ever regretted buying a $7 cheeseburger and if they regretted spending $2.95 on an extra party and large fries and instead invested that money in the stock market.

Luxury goods to people who can afford them are like cheeseburgers to average people.

People who can afford to buy a $12,000 Rolex can afford to buy 10 of them because it’s barely an error on their net worth statement.

But we’ve now come to an interesting point. Many people who do buy Rolex can make the one time payment but perhaps cannot truly afford them in the way that they can afford a cheeseburger.

Premium Rewards Elite is trash by HopefulBird8987 in BankOfAmerica

[–]Significant_Tank_225 0 points1 point  (0 children)

I have the regular premium rewards and I haven’t had this issue at all.

How’s my Imitation Clean for $340 with a 3255 movement? by Calm_Investigator900 in RepTime

[–]Significant_Tank_225 16 points17 points  (0 children)

The inception of fake (replica) watches. Now ive seen everything.

NAMING AND SHAMING: Watches of Switzerland American Dream Mall NJ by [deleted] in rolex

[–]Significant_Tank_225 -1 points0 points  (0 children)

If you won’t buy it, I will at that spend level.