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Re: How do you define "being rich"?

Leif wrote:10 million or more in networth.


I'm a numbers guy. Touchy feely junk like "feeling content" don't work for me. $10MM is rich.
by Flashes1
Sun Dec 21, 2014 12:53 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 118
Views: 6342

Re: Home Mortgage payoff

I love having my mortgage and checking account at the same bank----it allows me to easily make additonal principal payments to my mortgage----everytime I have a few hundred extra dollars in my Checking Account I apply it to the mortgage. I probably do this 4-5 times a month.
by Flashes1
Fri Dec 19, 2014 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage payoff
Replies: 22
Views: 2457

Re: On average, how often do you check your investment balan

dbr wrote:I am looking around at a possible add-on of some kind for Excel that would display my total asset balance as ticker tape on screen, updated continuously.


That would be sweet....and I'd like the ability to have some kind of program that would text me whenever my portfolio had increased $1,000.
by Flashes1
Fri Dec 19, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: On average, how often do you check your investment balances?
Replies: 53
Views: 3304

Re: On average, how often do you check your investment balan

On days the market's up---never on down days.
by Flashes1
Thu Dec 18, 2014 7:06 am
 
Forum: Personal Finance (Not Investing)
Topic: On average, how often do you check your investment balances?
Replies: 53
Views: 3304

Re: Bitcoin: The worst investment in 2014

The decline was predictable. For all its problems, the U.S. federal government has done a good job supporting the value of the Dollar. What are Bitcoins safeguards, and who's protecting it? Bitcoins reminds me of a certain religion practiced by some actors----it's totally made-up.
by Flashes1
Tue Dec 16, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: Bitcoin: The worst investment in 2014
Replies: 17
Views: 2195

Re: When to discuss finances with teens/young adults

Me too. Not upset by @flashes, but rather by the attitude related. [OT comment removed by admin LadyGeek] I'm trying to teach her the importance of working hard and being self-sufficient....not something about "social justice" whatever that means. Is that code for something I'm not aware ...
by Flashes1
Tue Dec 16, 2014 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to discuss finances with teens/young adults
Replies: 24
Views: 1805

Re: When to discuss finances with teens/young adults

I have a 9 yr. old girl who I think needs to work harder in school...yet she wants all these things in life like horses, etc. A friend said the best thing to do is to [OT comment removed by admin LadyGeek] show her what happens to people who didn't study hard in school and don't have good jobs.
by Flashes1
Tue Dec 16, 2014 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to discuss finances with teens/young adults
Replies: 24
Views: 1805

Re: What are your 2015 Financial Goals?

Continue to dream about a used Ferrari or 911....waiting for the right time...just waiting.
by Flashes1
Tue Dec 16, 2014 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 88
Views: 6088

Re: How can an Total US Index be improved?

Pizzasteve510 wrote:Reduce management costs to further lower fees.


Correct. It's very likely Vanguard is overpaying their managers. How much very highly compensated top talent do you need to run an index fund?
by Flashes1
Thu Dec 04, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: How can an Total US Index be improved?
Replies: 33
Views: 1921

Re: European underperformance - here to stay?

Europe has several big, long term obstacles: 1) social welfare costs in Europe are extraordinarily high---companies are very hesitant to hire staff, 2) high national debt, 3) low birth rate of natives---declining population coupled with an explosive birth rate of an immigration population that's str...
by Flashes1
Thu Dec 04, 2014 10:44 am
 
Forum: Investing - Theory, News & General
Topic: European underperformance - here to stay?
Replies: 32
Views: 2402

Re: AA and Pension?

Given how large the pension is, I would be slightly more aggressive with equities.
by Flashes1
Sun Nov 30, 2014 8:30 am
 
Forum: Investing - Help with Personal Investments
Topic: AA and Pension?
Replies: 31
Views: 2820

Re: Should 529s be counted part of our net worth?

It's an asset so it's part of my NW; however, for retirement purposes I focus on my Investable Assets minus my 529's. I keep separate allocation %'s for retirement vs. 529's since they're for different purposes and time frames.
by Flashes1
Sat Nov 29, 2014 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should 529s be counted part of our net worth?
Replies: 34
Views: 2553

Re: When do you feel comfortable financially to have kids?

It's a case-by-case basis-----but driven more by educational and age issues more than financial. We waited until wife completed residency....had a lot of med school debt (IMO, it was a lot)---but that didn't matter-----at the end of the day----a good general rule is if you're going to want kids, you...
by Flashes1
Thu Nov 27, 2014 8:28 am
 
Forum: Personal Consumer Issues
Topic: When do you feel comfortable financially to have kids?
Replies: 59
Views: 4341

Re: Girlfriend with a LOT of Student debt.

[OT comment removed by admin LadyGeek]
by Flashes1
Mon Nov 24, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13631

Re: Experiences using VRBO, Airbnb internationally

Can you tell by most postings if the owners are local or American?
by Flashes1
Mon Nov 24, 2014 12:31 pm
 
Forum: Personal Consumer Issues
Topic: Experiences using VRBO, Airbnb internationally
Replies: 26
Views: 2195

Re: Bogleheads, tell me about your 40's?

I'm in my mid-40's now and learned: 1. I'm never going to be Gordon Gekko who was my idol in college. 2. I don't want that BMW that I dreamed of in college. 3. It's harder to keep off the lbs. and be really active in my young kids' lives. 4. More aches & pains. 5. Hangovers can last 2 days after...
by Flashes1
Fri Nov 21, 2014 12:14 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 103
Views: 17339

Re: How to buy "junk" bonds as an individual investor?

I think the OP is talking about buying individual bonds but he/she sounds unsophisticated. No offense to the OP, but unsophisticated investors can be fleeced pretty easily especially in this type of investing. I think individual bond purchases can be very lucrative for the individual when done right...
by Flashes1
Sun Nov 16, 2014 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: How to buy "junk" bonds as an individual investor?
Replies: 24
Views: 1558

Re: Inheritance/Retirement Planning Question

With your age, income and savings rate, I would recommend staying at a Disney hotel rather than the Days Inn. Enjoy your money a little bit. And I think an inheritance needs to be considered...I certainly wouldn't put all my eggs in that basket, but it would be in the back of my mind. Use good judgm...
by Flashes1
Tue Nov 11, 2014 9:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance/Retirement Planning Question
Replies: 25
Views: 2097

Re: New Tony Robbins Book on Financial Freedom

He's a strong Boglehead.
by Flashes1
Mon Nov 10, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 85
Views: 16483

Re: Messy baby restaurant etiquette

I try to clean-up my kids' mess the best I can--------then leave an extra big tip to the server.
by Flashes1
Mon Nov 10, 2014 7:35 am
 
Forum: Personal Consumer Issues
Topic: Messy baby restaurant etiquette
Replies: 75
Views: 4791

Re: Pension lump sum offer - am I thinking clearly?

By law, I thought every pension had to offer a spousal benefit? And if you choose the single life annuity, that the spouse had to sign-off on it (to prevent non-suspecting spouses from being left in a lurch after their spouses early death)? I'm still 15 years from retirement, but I'd like to diversi...
by Flashes1
Thu Nov 06, 2014 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension lump sum offer - am I thinking clearly?
Replies: 32
Views: 2471

Re: Company force moving me to headquarters -what to expect

Most large companies will pay for moving expenses, realtor commissions, and COL increases to the new city. But it might depend on where you are in the food chain, and how well the company is performing.
by Flashes1
Thu Oct 30, 2014 7:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Company force moving me to headquarters -what to expect ?
Replies: 8
Views: 1146

Re: 39.6% Tax Bracket :(

When you're talking about making a signficant salary, a fee-based tax advisor is worth his weight in gold. Tax planning is not an efficient place to be cheap.
by Flashes1
Thu Oct 30, 2014 7:26 am
 
Forum: Personal Finance (Not Investing)
Topic: 39.6% Tax Bracket :(
Replies: 28
Views: 6263

Re: So you think you're a Risk-taker?

The risk takers got lucky in 2008 and 2009 because of federal bailouts and coordinated actions from central banks. There is no guarantee whatsoever other bailouts will occur next time around. Good luck everyone. Correct. We were looking at a possible 1929 event without Trillions of federal dollars ...
by Flashes1
Mon Oct 27, 2014 12:01 pm
 
Forum: Investing - Theory, News & General
Topic: So you think you're a Risk-taker?
Replies: 36
Views: 4532

Re: Mr. Market turns on Amazon

Amazon's business plan is to drive out as many brick-and-mortar retailers as they can-----then raise prices. Brutally effective.

I love capitalism.
by Flashes1
Mon Oct 27, 2014 11:40 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Market turns on Amazon
Replies: 42
Views: 4510

Re: IRS Announces new 401(k) contribution max for 2015 ($18,

serbeer wrote:Edit: I added a link since it used to be that it was enough to type in "TFB blog" (The Finance Buff) for it to show up in Google search, but now The Firearm Blog comes out instead :(


Thanks for the tip----the Firearm Blog is quite informative. I'd not seen it before.
by Flashes1
Mon Oct 27, 2014 11:36 am
 
Forum: Investing - Theory, News & General
Topic: IRS Announces new 401(k) contribution max for 2015 ($18,000)
Replies: 50
Views: 7657

Re: Adoption

My sister adopted two children from Russia 2-3 years ago (at the time they were approx. 1 & 3 years old---unrelated), but fear that Vlad has since shut it down. Turned out great---they went thru an agency that took care of everything----traveling 2 times to Russia was the toughest part. Great ki...
by Flashes1
Fri Oct 24, 2014 11:46 am
 
Forum: Personal Consumer Issues
Topic: Adoption [Experience from those who have adopted]
Replies: 39
Views: 4728

Re: Best place (with warm weather) to raise children

I'd caution anywhere in California. Great place to visit, but to tie my family there? Not so much.

I'd look at Texas, Alabama, Tennessee and North Carolina. All fiscally conservative, business friendly, and great flagship state universities that aren't hemmoraging cash like they are in California.
by Flashes1
Fri Oct 24, 2014 10:36 am
 
Forum: Personal Consumer Issues
Topic: Best place (with warm weather) to raise children
Replies: 73
Views: 5413

Re: Do you regret buying your home?

I love our home....it's a custom house with everything I wanted. Big Maple trees in the back, putting green, hot tub, outdoor fireplace, screened-in-porch, home theater in the basement, indoor fireplace, and whole house Sonos. It's a fun place to raise our 2 young kids.
by Flashes1
Fri Oct 24, 2014 8:22 am
 
Forum: Personal Consumer Issues
Topic: Do you regret buying your home?
Replies: 82
Views: 7235

Re: Cleaning Up Leaves

I drag my leaves into the woods. The perfect compost for my beloved trees.
by Flashes1
Sat Oct 11, 2014 7:51 am
 
Forum: Personal Consumer Issues
Topic: Cleaning Up Leaves
Replies: 40
Views: 3454

Re: manipulating Amazon reviews

I don't give as much credence to a review if there's no "cons" mentioned. Every product has a "con." But I base a lot of my Amazon purchases on product reviews (particularly if there's a lot of 1-2 star ratings) so I can see why companies would want to monitor them.
by Flashes1
Fri Oct 03, 2014 5:59 am
 
Forum: Personal Consumer Issues
Topic: manipulating Amazon reviews
Replies: 33
Views: 3076

Re: Jack and Jill Bathroom a problem?

Being affluent does present new and fun conundrums! We have a J&J and love the configuaration....each kid's bedroom has it's own sink (perfect for brushing teeth, getting a drink of water, etc).....and they both connect to the room with commode and the shower....seems pretty cool to me....we esp...
by Flashes1
Thu Sep 25, 2014 7:42 am
 
Forum: Personal Consumer Issues
Topic: Jack and Jill Bathroom a problem?
Replies: 18
Views: 2025

Re: A safe full of cash

If I had $50 million liquid....I would have some safe havens to fall back on if necessary.....$1 million cash in a Caribbean bank and another million in a South American bank..(which don't report interest to Uncle Sam)...safe deposits in 4 different banks around the country of varying sizes with app...
by Flashes1
Fri Sep 19, 2014 6:42 am
 
Forum: Investing - Help with Personal Investments
Topic: A safe full of cash
Replies: 22
Views: 3107

Re: How much you need to save as multiple of salary

I work for a large company that is often called a leader in retirement packages. They have stopped matching on each paycheck and instead match in one lump sum at the end of the year. If you are no longer employed by that time you do not get the match for that year. You lose out on the time-value of...
by Flashes1
Wed Sep 17, 2014 7:11 am
 
Forum: Investing - Theory, News & General
Topic: How much you need to save as multiple of salary
Replies: 51
Views: 6555

Re: Good hobby for a bright/obsessive 9 year old?

My 9 year old plays Call of Duty---but turn off the audio of the other players. I look at it as good preparation should they one day choose a career in the military.
by Flashes1
Tue Sep 16, 2014 12:00 pm
 
Forum: Personal Consumer Issues
Topic: Good hobby for a bright/obsessive 9 year old?
Replies: 73
Views: 3391

Re: Tract Home - Things to Watch During Construction

We built a custom home 2 years ago after living in a tract. Just a couple things: 1. I'm unsure exactly what the custom builder installed, but he said he put some kind of a French Drain around the outside perimeter of the house. I haven't heard the sump pump discharge once in 2 years. This is after ...
by Flashes1
Wed Aug 20, 2014 2:52 pm
 
Forum: Personal Consumer Issues
Topic: Tract Home - Things to Watch During Construction
Replies: 58
Views: 4241

Re: Flooring for home gym

If you have the means, you have to use 3/8" Rubber Flooring. Same stuff that Lifetime uses....looks tits, and is basically indestructible. We built our house a couple years ago, and it's one of the best things we did. It's so heavy duty, a semi-truck delivered it. I'm not familiar with that pr...
by Flashes1
Sun Aug 10, 2014 6:00 pm
 
Forum: Personal Consumer Issues
Topic: Flooring for home gym
Replies: 19
Views: 1369

Re: Flooring for home gym

If you have the means, you have to use 3/8" Rubber Flooring. Same stuff that Lifetime uses....looks tits, and is basically indestructible. We built our house a couple years ago, and it's one of the best things we did. It's so heavy duty, a semi-truck delivered it.
by Flashes1
Sun Aug 10, 2014 12:32 pm
 
Forum: Personal Consumer Issues
Topic: Flooring for home gym
Replies: 19
Views: 1369

Re: Advice for a young Australian Investor

No specific advise to the OP as other posters have done a great job, but I just wanted to say that I admire the OP's planning abilities at such an early age. Well done....now you just have to execute your plan.
by Flashes1
Thu Jul 31, 2014 6:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice for a young Australian Investor
Replies: 17
Views: 1216

Re: Saudi Arabia?

ASUGrad wrote:You can already invest in a Saudi Arabia. Its called oil.

What else does that country have thats meaningful enough for global investors to go "oh yeah, I have to invest in that!"


[OT comment removed by admin LadyGeek]
by Flashes1
Thu Jul 24, 2014 6:12 am
 
Forum: Investing - Theory, News & General
Topic: [Saudi Arabian stock exchange to open to foreign investors]
Replies: 18
Views: 1444

Re: How much house should I buy? (young person with many ass

You're almost a millionaire at age 25, and you've suffered the indignity of living with your parents post-college.....if you want to buy a house, buy a house. You've heard from a LOT of boring cheapskates so far. Live a little and spend some of your money....so long as it's for something like a hous...
by Flashes1
Fri May 23, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much house should I buy? (young person with many assets)
Replies: 71
Views: 5888

Re: Can I be a boglehead and join a golf club?

FYI: John Bogle belongs to one of the most elite golf clubs in the country. If it's good enough for him, it's good enough for one of us.
by Flashes1
Mon May 12, 2014 6:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I be a boglehead and join a golf club?
Replies: 70
Views: 4806

Re: caribbean cruise with children

Doing a Disney cruise next year.....it was pricey but wifey wanted....so wifey got.
by Flashes1
Mon May 05, 2014 6:37 am
 
Forum: Personal Consumer Issues
Topic: caribbean cruise with children
Replies: 29
Views: 1770

Re: Socially Responsible (Progressive) Fund Options

I just took a look at the top holdings of Vanguard's Socially Responsible Fund and had a good laugh. My employer is even on there....hahahaha.
by Flashes1
Tue Apr 29, 2014 6:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 9265

Re: Socially Responsible (Progressive) Fund Options

I would like to know which companies are considered "good" enough to be considered socially responsible? Someone like Apple or Samsung that uses virtual slave labor in China to make their products, or Google whose in bed with Red China and whose owners fly their jets all over the world for...
by Flashes1
Tue Apr 29, 2014 6:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 9265

Re: should I break down and buy a gold coin?

I view my silver and gold coins as works of art, and historical treasures.
by Flashes1
Tue Apr 29, 2014 6:24 am
 
Forum: Investing - Help with Personal Investments
Topic: should I break down and buy a gold coin?
Replies: 20
Views: 2093

Re: Where would you retire, if $ were no object?

Naples, Florida or on a cliff overlooking Pebble Beach.
by Flashes1
Tue Apr 29, 2014 6:19 am
 
Forum: Personal Consumer Issues
Topic: Where would you retire, if $ were no object?
Replies: 89
Views: 19424

Re: What's your number?

I'm 46, wife 38...2 kids aged 8 & 6...I peg my number between $2.5-$3 million, paid-off house, ~$20,000/year pension and two social security checks. Would like my FU money at 61-62. The key will be to convince my wife to work another 4-5 years part-time while I'm retired. That will be the sales ...
by Flashes1
Fri Apr 25, 2014 6:27 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 147
Views: 31926

Re: Career advice: Where an entry level finance job leads...

Grt2bOutdoors wrote:
Flashes1 wrote:You gotta pay your dues...feel some pain, but like fraternity pledgeship, there's light at the end of tunnel.


Some fraternity memberships can also put you in jail. Be careful who you fraternize with.


Oh yeah, I should still be in jail for some of the stuff I was exposed to. (serious)
by Flashes1
Thu Mar 13, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career advice: Where an entry level finance job leads...
Replies: 10
Views: 859

Re: Career advice: Where an entry level finance job leads...

I probably should have read your qualifications more carefully, but I see you have a Journalism degree with Paralegal job experience. Not exactly standard....but it's workable if you play your cards right. First thing I'd do---recognize your strengths: Legal: a position called "Portfolio Manage...
by Flashes1
Thu Mar 13, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career advice: Where an entry level finance job leads...
Replies: 10
Views: 859
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