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by Flashes1
Thu May 28, 2015 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Market in SoCal
Replies: 18
Views: 1232

Re: Housing Market in SoCal

If living in SD is that important to you, then I think you need to man-up and pay the money.
by Flashes1
Wed May 27, 2015 8:09 am
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 121
Views: 6201

Re: Once in a life time trip.

Sorry to say, but I don't think an 8 yr. old is going to remember much of a trip 20 years later. My 8 yr. old is just as impressed with a ravine at the local park as they would of the Grand Canyon.
by Flashes1
Wed May 27, 2015 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage strategy please review
Replies: 9
Views: 844

Re: Mortgage strategy please review

If your job is very secure, I say go for the lower interest rate. The difference between the two interest rates is substantial.
by Flashes1
Wed May 27, 2015 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Net Worth
Replies: 12
Views: 2418

Re: Net Worth

I look at pensions to reduce how much my investments need to cover my living expenses. Example: My living expenses in retirement are $100k annually---my pensions are worth $45k annually---thus my investments need to cover $55k of living expenses----so I need $1,375k in investments assuming a 4% with...
by Flashes1
Mon May 25, 2015 1:24 pm
Forum: Personal Consumer Issues
Topic: Splurge Question on East Coast??? Pool or Beach Summer House or Both
Replies: 12
Views: 1238

Re: Splurge Question on East Coast??? Pool or Beach Summer House or Both

I say a heated pool with a hot tub.....can use year round----then rent the beach house in the summer.
by Flashes1
Mon May 25, 2015 1:19 pm
Forum: Personal Consumer Issues
Topic: [Portfolio size] / [Dream Car] ratio
Replies: 5
Views: 485

Re: [Portfolio size] / [Dream Car] ratio

I really want to buy a used exotic.....absolute dream car is used Ferrari for $100K....and my more grounded dream car is a used 911 for $50k.....my NW is $1.7 million with a $1.2 million portfolio.
by Flashes1
Wed May 13, 2015 10:00 am
Forum: Personal Consumer Issues
Topic: I Hate Vacations
Replies: 113
Views: 9219

Re: I Hate Vacations

I like taking a random Friday off----but I greatly dislike week long vacations----too many things missed at work while I'm away.
by Flashes1
Tue May 05, 2015 11:44 am
Forum: Personal Consumer Issues
Topic: Looking to Retire in Cleveland
Replies: 32
Views: 2500

Re: Looking to Retire in Cleveland

Rocky River and Bay Village might be good fits. Right on the lake and close to downtown. They are older and more established suburbs, and they're not in the snow belt.
by Flashes1
Mon May 04, 2015 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Moving to cash until clear plans formed [formerly Sell in May, Go Away, and Think About It]
Replies: 39
Views: 4062

Re: Sell in May, go away, and think about it?

I think most investors get tempted to increase cash after market rally especially this time of year, but the problem is when do you get back in? Should the market increase in the interim, the agony of buying in at higher prices would be painful, and conversely, what if the economy tanks in the inter...
by Flashes1
Tue Apr 28, 2015 3:00 pm
Forum: Investing - Theory, News & General
Topic: Who's holding cash?
Replies: 86
Views: 6513

Re: Who's holding cash?

3% cash---mostly due to our HSA somehow going all to cash at the beginning of the year---I think my wife accidentally did it....and I've missed a ~4% increase in Mid-Caps. :oops:
by Flashes1
Tue Apr 28, 2015 8:46 am
Forum: Personal Consumer Issues
Topic: Netflix DVD delivery slowdown?
Replies: 112
Views: 19614

Re: Netflix DVD delivery slowdown?

Update: my delivery speed has increased back to historical levels just in the past 10 days.
by Flashes1
Tue Apr 28, 2015 8:31 am
Forum: Investing - Theory, News & General
Topic: NPV of Pension in the Retirement Portfolio
Replies: 16
Views: 989

Re: NPV of Pension in the Retirement Portfolio

What is CRC? Difficult to follow the posts with all the abbreviations.
by Flashes1
Fri Apr 24, 2015 8:05 am
Forum: Personal Consumer Issues
Topic: 1 day in San Francisco, no car
Replies: 29
Views: 1570

Re: 1 day in San Francisco, no car

Rent bikes around Fisherman's Wharf and ride them over Golden Gate Bridge---then ride up the other side of the coast, and take ferry back to Fisherman's Wharf. Not sure when you're going, I can attest to Frisco being effing cold in July. Left Pittsburgh on July 3 when it was 100 degrees out---we wor...
by Flashes1
Fri Apr 24, 2015 8:01 am
Forum: Personal Consumer Issues
Topic: Who still have Cable TV?
Replies: 63
Views: 3100

Re: Who still have Cable TV?

We have DirecTV. I watch a lot of College Football and NFL, and a little MLB; Wife watches her "The Duggars," and kids what "river monsters."

I'm not sure what we would do without it.
by Flashes1
Tue Apr 21, 2015 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Friend's house burnt, Helping him start new financial life?
Replies: 20
Views: 2304

Re: Friend's house burnt, Helping him start new financial li

Smells fishy. I'd tell him to go fly a kite.
by Flashes1
Tue Apr 21, 2015 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 14109

Re: Family member asking for money

I say tell him to go to helll....but maybe put a little more delicately. :D

He lives in a big fancy house while you live in a small one? Yea, okay.
by Flashes1
Fri Apr 17, 2015 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Defined Benefit Plan help
Replies: 9
Views: 756

Re: Defined Benefit Plan help

That is an outstanding pension. Most plans pay no more than 1.25% of average salary.
by Flashes1
Wed Apr 15, 2015 8:01 am
Forum: Personal Consumer Issues
Topic: Gifts to take to Scotland.
Replies: 33
Views: 2246

Re: Gifts to take to Scotland.

Stanford golf jacket / wind breaker.
by Flashes1
Wed Apr 15, 2015 7:50 am
Forum: Personal Consumer Issues
Topic: Vehicle for tall people/Spouse wants 50k car help!
Replies: 77
Views: 5841

Re: Vehicle for tall people/Spouse wants 50k car help!

I'm a big fella----the Ford Explorer works well for our family of 4---but if there's a strong chance of 3 kids in the next 5 years you're going to need something bigger...even an Explorer with a 3rd row isn't going to cut-it. So a Lexus 350 or X5 will be way too small. You need something with a true...
by Flashes1
Tue Apr 14, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 11576

Re: Does your family know about your net worth (ball park)?

1. My parents know that I'm a millionaire because I told them...not to brag, but just to let them know I'm doing okay. 2. My BIL is a named officer of a Fortune 100 company so his compensation is reported every year with the SEC (and is thus public information via an 8-K). :P He just loves that-----...
by Flashes1
Mon Apr 13, 2015 2:40 pm
Forum: Personal Consumer Issues
Topic: Netflix DVD delivery slowdown?
Replies: 112
Views: 19614

Re: Netflix DVD delivery slowdown?

Update: my delievery appears to have been slowed a day. Not sure if it's merely coincidental, but it slowed down around the same time we added the Streaming service. Either way, I'm very annoyed.
by Flashes1
Mon Apr 13, 2015 6:13 am
Forum: Investing - Help with Personal Investments
Topic: 529 -- How much to invest?
Replies: 11
Views: 1480

Re: 529 -- How much to invest?

We saved approx. $8,000/year per kid their first 5 years which coincided with a the 2009-present bull market----so the balances have grown to levels I'm happy with. I since pulled the 529 contributions back to the maximum state deduction level. Any shortfall between the 529's and actual college cost...
by Flashes1
Fri Apr 10, 2015 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 5296

Re: Prenup

Any lawyers on the board? I saw another poster state negotiating alimony payments in a prenup----example: one spouse makes $500K and the other makes $200k.

Can future alimony be accounted for in a prenup? It doesn't seem possible, but curious.
by Flashes1
Fri Apr 10, 2015 1:41 pm
Forum: Personal Consumer Issues
Topic: Has Anyone had a Credit Card Cancelled for not Using It
Replies: 51
Views: 3946

Re: Has Anyone had a Credit Card Cancelled for not Using It

Banks look increasingly at customer profitability.....unused products are not generating the banks any money. Goodbye customers. The banks have to secure and pay for funding sources-----this costs them money if the accounts aren't used.
by Flashes1
Fri Apr 10, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 5296

Re: Prenup

I think this is the perfect example of when a prenup is not required.
by Flashes1
Fri Apr 10, 2015 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 9071

Re: Two Comma Club

You can't proclaim various financial milestones in public, and if I say anything to my wife about them, she looks at it as a reason to cut-back her hours. So guess what? The internet is my only outlet.
by Flashes1
Mon Apr 06, 2015 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Might Go $4,000 AAPL
Replies: 68
Views: 5542

Re: Might Go $4,000 AAPL

I put 2% of assets in AAPL a month ago---it promptly decreased approx. 5%----but that always happens after I buy something. It's slowly coming back. I've been wanting to buy some MPC and UA.
by Flashes1
Mon Apr 06, 2015 7:42 am
Forum: Personal Consumer Issues
Topic: Beach vacation in So Cal
Replies: 52
Views: 4511

Re: Beach vacation in So Cal

I enjoyed my stay at the Hilton-Huntington Beach last year. It's right across the street from a nice part of the beach, and a short walk to the pier. Safety was not an issue......decent pool, but not what I consider a big resort style pool. Within walking distance of many restaurants. While I didn't...
by Flashes1
Mon Apr 06, 2015 7:34 am
Forum: Personal Consumer Issues
Topic: Should I Buy a Used Motorhome
Replies: 26
Views: 2116

Re: Should I Buy a Used Motorhome

I like the sign on the front of it. :) It let's everyone in the RV park know the party's ready to begin.
by Flashes1
Fri Apr 03, 2015 12:10 pm
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 9071

Re: Did you learn anything from 2008?

I learned that your money can be taken away in a blink of an eye. I work in banking, so watching venerable firms like Lehman, Wachovia, Bear Stearns, Merrill Lynch, and NCC, disappear, was surreal. We were closer to a 2nd Great Depression than most people realize. It'll happen again.
by Flashes1
Tue Mar 31, 2015 2:57 pm
Forum: Investing - Theory, News & General
Topic: Bear market warning sign
Replies: 27
Views: 5338

Re: Bear market warning sign

Due to my annual bonus being paid on 2/28, I made a big 401k contribution that day-------of course the markets have been very dicey since then! Why does it alway have to be painful.
by Flashes1
Thu Mar 26, 2015 10:09 am
Forum: Personal Consumer Issues
Topic: WSJ Delivery Record - Dismal
Replies: 25
Views: 2057

Re: WSJ Delivery Record - Dismal

malabargold wrote:I believe its printed off regionally by your local paper's presses and delivered with the local
papers carriers - we had a similar issue but complained to WSJ a few times and they were
straightened out.

Give them feedback


This.

The guy who delivers my local paper, delivers my WSJ.
by Flashes1
Thu Mar 26, 2015 10:05 am
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 13835

Re: Restaurant tipping

I'm fascinated by how much passion tipping stirs up on this board. There are true believers on both sides of the argument and people really take it personally. The typical Boglehead is a millionaire----yet we quibble about should we tip 20% of the pre-tax or post-tax amount. :D
by Flashes1
Thu Mar 26, 2015 8:08 am
Forum: Personal Consumer Issues
Topic: Exploring the Florida Keys
Replies: 22
Views: 2462

Re: Exploring the Florida Keys

It's been 20 years, but the most memorable drive of my life was the drive from Miami to Key West. Beautiful!
by Flashes1
Thu Mar 26, 2015 7:42 am
Forum: Personal Consumer Issues
Topic: Building a new house. Any recommendations?
Replies: 53
Views: 5653

Re: Building a new house. Any recommendations?

1. 5" woodwork looks custom (I think it's 5", but whatever the width is---go for the wider than normal woodwork). Nominally more expensive, but looks sharp. 2. Research it yourself, but get a top notch french drain installed at the bottom of the foundation. We have one in our new house, an...
by Flashes1
Thu Mar 26, 2015 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Huge Tax Bill !!
Replies: 13
Views: 3072

Re: Huge Tax Bill !!

A wise man once told me to never skimp on medical advise, legal advise......and tax advise. You may want to find a good tax guy. That's what wealthy people do.
by Flashes1
Thu Mar 26, 2015 7:01 am
Forum: Investing - Theory, News & General
Topic: Is it time to give-up on TIPS?
Replies: 113
Views: 15353

Re: Is it time to give-up on TIPS?

OP here: thanks for letting me vent---I need to do that sometimes. Thanks to the board's feeback, I stayed the course regarding TIPS. One post in particular resonated with me----paraphrasing here but it went "should you continue to have the same concerns that got you to buy TIPS in the first pl...
by Flashes1
Tue Mar 24, 2015 6:43 am
Forum: Personal Consumer Issues
Topic: Whats a good Pistol to buy?
Replies: 112
Views: 9528

Re: Whats a good Pistol to buy?

Smith & Wesson.

I have a .357 Magnum which is just a beautiful instrument; a real piece of art......I'd buy the 40 caliber S&W if I wanted something smaller. My other pistol, is the Colt .45 ACP-------American metal. No Euro junk for me.
by Flashes1
Tue Mar 24, 2015 6:38 am
Forum: Personal Consumer Issues
Topic: Fish from Costco?
Replies: 44
Views: 6212

Re: Fish from Costco?

I can promise you the Kirkland branded canned tuna is a choicer quality than the cannery's own branded label (a top 3 brand). I've seen it come off the line, and from the lips of the Director of Operations at the cannery. It's something Costco negotiated after giving the cannery exclusive rights to ...
by Flashes1
Wed Mar 18, 2015 5:40 pm
Forum: Investing - Theory, News & General
Topic: helping adult children with house downpayment
Replies: 30
Views: 2810

Re: helping adult children with house downpayment

barnaclebob wrote:My dad and his wife gifted me 20k for our house down payment. The bank had us and maybe them sign some a paper stating it was a gift with no promise to repay. No other effects besides that.


This
by Flashes1
Fri Mar 13, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: At what point is it too much house? How much do we need?
Replies: 52
Views: 4958

Re: At what point is it too much house? How much do we need

Go big, or go home. We have an 1st floor 42" TV for normal TV watching, a dedicated room in the basement with a 58" TV for gaming and I like to watch my DVR'd TV shows here after kiddies go to bed, and a dedicated home theater in the basement with projector and a 135" screen for movie...
by Flashes1
Fri Mar 13, 2015 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus received. But its not what was agreed upon. Advice?
Replies: 61
Views: 5511

Re: Bonus received. But its not what was agreed upon. Advi

A famous lyrist once said: "girl, don't go away mad, just go away."
by Flashes1
Fri Mar 13, 2015 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Dip? What Dip? Did you catch it?
Replies: 134
Views: 13474

Re: Dip? What Dip? Did you catch it?

There seems to be a little more bearish sentiment the past couple weeks.....I just have major problems pulling the trigger because I alway worry there's more room on the downside (that's why 99% of my investments are automatically invested)----but I have a small amount of money market funds that I w...
by Flashes1
Fri Mar 13, 2015 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Do bogleheads invest in a retirement home?
Replies: 19
Views: 2644

Re: Do bogleheads invest in a retirement home?

If you knew exactly where you wanted to retire, and could use it occasionally pre-retirement......I'd say go-for-it.
by Flashes1
Fri Mar 13, 2015 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Help! 401k Refund for Highly Compensated Employee
Replies: 32
Views: 3013

Re: Help! 401k Refund for Highly Compensated Employee

I would push senior management to correct whatever is making your plan appear to be not entirely Safe-Harbor compliant. It's my understanding that certain things like not paying the pro-rated amount of departing employees' 401k matched amounts is non-compliant. Additionally, seek the reasons why oth...
by Flashes1
Fri Mar 13, 2015 7:05 am
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford by Boglehead standards?
Replies: 31
Views: 4844

Re: How much house can we afford by Boglehead standards?

Regarding daycare: start doing your due diligence now----your wife is in a unique position as a teacher to meet a lot of moms----find out what the other working moms are doing. There's a lot of "private" babysitting places (basically someone's house)----where they watch 7-8 kids. They're f...
by Flashes1
Fri Mar 13, 2015 6:51 am
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 18917

Re: What are some common misconceptions found in this forum?

"Splurging on anything but vacations is non-Boglehead." Pure rubbish. +I big time. And if you want or have splurges, new cars, large homes, expensive engagement rings and watches, etc, it's because you've been brainwashed by advertising, only want them for show and for keeping up with the...
by Flashes1
Thu Mar 12, 2015 10:34 am
Forum: Personal Consumer Issues
Topic: Netflix DVD delivery slowdown?
Replies: 112
Views: 19614

Re: Netflix DVD delivery slowdown?

No change for me----I just dropped one in the mail today (Thursday) and should have my new one on Saturday---I'll report back if any problems. We just got streaming and wife and kids love it for their shows------however, there's no new movies to stream-----that's a back breaker to me. Watching old m...
by Flashes1
Wed Mar 11, 2015 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Do you really need 2.5 million to retire well?
Replies: 121
Views: 13740

Re: Do you really need 2.5 million to retire well?

Even moderate to high earners don't need that much... Here's the example I often use... $100k family saves $10k a year pays $24k a year on a mortgage pays $6k in payroll taxes really living on $60k a year... In retirement, you won't need to save, pay a mortgage, or pay payroll taxes, so there's 40 ...
by Flashes1
Wed Mar 11, 2015 3:19 pm
Forum: Personal Consumer Issues
Topic: Will you buy an Apple Watch?
Replies: 389
Views: 28187

Re: Will you buy an Apple Watch?

I remember shortly after launch of the Ipad nearly nearly everyone on this board said it served no purpose, and they wouldn't buy one. I'm not saying the Iwatch will or will not sell, but I think this board is a poor predictor of what Apple products will be successful.

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