Search found 732 matches

by Flashes1
Mon Aug 15, 2016 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 262
Views: 29210

Re: Self-made Millionaires: how did hitting 7 figures change you?

I think it's made me aware of my unique standing in the world. An American millionaire is something special, and it makes me feel part of the elite of the elite. It allows me to look at other peoples of the world and realize I am different. I have a particular level of discipline, intelligence, work...
by Flashes1
Wed Jul 27, 2016 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Sell individual corporate bonds to pay off mortgage?
Replies: 27
Views: 1202

Re: Sell individual corporate bonds to pay off mortgage?

I'd just use excess cash flow to pay off your mortgage and leave the bonds alone. Sounds like you can pay-off your mortgage this way in two years, and you don't have to go thru the hassle of selling the bonds. KISS
by Flashes1
Wed Jul 27, 2016 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Quit work and become SAHM - advice? regrets?
Replies: 58
Views: 6152

Re: Quit work and become SAHM - advice? regrets?

I think the OP presents a good case to stay-at-home. The one piece of advise I would provide, is find an organization or cause to throw yourself into to not only use your mind, but it's get you out of the house a few times a week. A parent needs a little separation from their family. Do something li...
by Flashes1
Wed Jul 27, 2016 6:34 am
Forum: Personal Finance (Not Investing)
Topic: BigLaw compensation portrayed accurately by media?
Replies: 43
Views: 4672

Re: BigLaw compensation portrayed accurately by media?

As a client of big law firms, the thing I like the most about working for them is their flexibility and near 24/7 availability which I don't have with in-house counsel. I can call my guy at big law on a Friday night with a 100 page document and tell him I need comments by noon on Monday---and he'll ...
by Flashes1
Tue Jul 26, 2016 6:22 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 16320

Re: How many folks choose to give inheritance to their children in unequal portions?

I can speak to this personally. My father chose to split the inheritance unequally. I was the youngest of my siblings (two much older brothers) and the only daughter. My parents had marital difficulties and separated (never divorced) when I was 11 and I was left to live with my mother, rarely seein...
by Flashes1
Mon Jul 25, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 16320

Re: How many folks choose to give inheritance to their children in unequal portions?

My wife's situation is interesting: * Oldest Brother - named officer in Fortune 50 company---income in the .01% of all Americans. * Middle Sister - widowed with minimal life insurance and has lived the past 10 years off the three girls' SSI.....which is coming to end in five years when the youngest ...
by Flashes1
Mon Jul 25, 2016 7:06 am
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8718

Re: Reliving the Nightmare of the Crisis

Flashes - Excellent insight into the liquidity issues of that time. I remember many corporations fully drawing down revolving lines, some did so because they wanted the liquidity in case banks began failing or began to not honor lending commitments. Institutional money market funds were a day from ...
by Flashes1
Sun Jul 24, 2016 4:20 pm
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8718

Re: Reliving the Nightmare of the Crisis

I remember just being scared....and paralyzed. I couldn't look at my account balances; it hurt just too much to see the losses. I kept maxing out our 401k's---but I never had the guts to sell bonds and buy equities. I'll never forget seeing my bank's stock plummet below $10/share---and just effing a...
by Flashes1
Sun Jul 24, 2016 4:05 pm
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8718

Re: Reliving the Nightmare of the Crisis

I'll never forget how it seemed like every morning waking up to hear about another large financial institution going under or about to: Lehman Brothers, Wachovia, National City, AIG, Citibank, Countrywide. Many of them were old enough to survive the Great Depression but couldn't survive the Great R...
by Flashes1
Sat Jul 23, 2016 7:59 am
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8718

Re: Reliving the Nightmare of the Crisis

I'll never forget how it seemed like every morning waking up to hear about another large financial institution going under or about to: Lehman Brothers, Wachovia, National City, AIG, Citibank, Countrywide. Many of them were old enough to survive the Great Depression but couldn't survive the Great Re...
by Flashes1
Wed Jul 20, 2016 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Another Too-Much-House Thread....
Replies: 72
Views: 6812

Re: Another Too-Much-House Thread....

We've yet to comes across anyone that has anything positive to say about the house size. We must have rose colored goggles on. Probably should have noted this previously but the community requires a minimum 4,000 sqr ft house. Where is this? I've never heard of such a large minimum, but I do hear t...
by Flashes1
Tue Jul 19, 2016 2:48 pm
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 7025

Re: HOA Swimming Pool Trespassing Issue

We installed a security camera a couple years ago for a lot less than $25k-$50k, and it seems to have done the trick. I'd seek a few more quotes.
by Flashes1
Tue Jul 19, 2016 2:45 pm
Forum: Personal Consumer Issues
Topic: Bay Area Salary Thread
Replies: 22
Views: 2474

Re: Bay Area Salary Thread

Is what you refer to as "stock" the same as "cash bonus?" If not, you want to consider adding that (unless I missed it) because a lot of people get paid a % of their salary in cash at the end of the year.
by Flashes1
Tue Jul 19, 2016 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Another Too-Much-House Thread....
Replies: 72
Views: 6812

Re: Another Too-Much-House Thread....

I say go for it. You are wealthy. We built a bigger house than you're proposing, and love it. No reason to make a lot of money if you're not going to spend some of it. We wanted to look above the boring typical middle class housing stock.
by Flashes1
Mon Jun 20, 2016 1:02 pm
Forum: Personal Consumer Issues
Topic: Recommendation for Refrigerator
Replies: 39
Views: 2584

Re: Recommendation for Refrigerator

Sub-Zero. Accept nothing but the best.
by Flashes1
Tue May 31, 2016 2:07 pm
Forum: Personal Consumer Issues
Topic: Things to Do and See on Kauai, Hawaii
Replies: 71
Views: 4136

Re: Things to Do and See on Kauai, Hawaii

I loved Kauai, and it's funny because it's a kind of chain restaurant, but the best fish I've ever had was at Duke's attached to the Marriott. My wife found it in a travel guide, but we drove to a 20 foot falls not far from the Marriott that while it was on private property, the owner tolerated peop...
by Flashes1
Tue May 17, 2016 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Rich But Middle Class
Replies: 233
Views: 23186

Re: Rich But Middle Class

Wildebeast beat me to it, but I find very interesting how the longest threads on bogleheads usually center around an OP that has a lot of money. It's human nature to be mesmerized by people who have more money than they do. The bogleheads are no exception.
by Flashes1
Tue May 17, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: New Attending Starting Out - Rent vs. Buy in HCOL area
Replies: 17
Views: 1660

Re: New Attending Starting Out - Rent vs. Buy in HCOL area

$1,400/month for rent when you're making $200k/year seems like a no brainer if you're happy with the unit.
by Flashes1
Sun May 15, 2016 6:48 am
Forum: Personal Consumer Issues
Topic: Friend owed money by now deceased person
Replies: 14
Views: 2370

Re: Friend owed money by now deceased person

I would recommend charging their Allowance for Doubtful Accounts and call it a day. Happens everyday at every single company.
by Flashes1
Tue May 03, 2016 12:34 pm
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 156
Views: 22988

Re: Bought wrong car - Revision - ES350 advice

What model is did you buy? I want to make sure to avoid it myself.
by Flashes1
Tue May 03, 2016 12:32 pm
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 156
Views: 22988

Re: I bought the wrong car - know it after 15 days

Buy some 22" rims and jack that rice burner up. You'll be stylin'!
by Flashes1
Mon Apr 18, 2016 7:27 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 11147

Re: University of Virginia vs University of Miami

Just came back from a medical conference in Miami Beach. [OT comment removed by admin LadyGeek]

UVA all the way.
by Flashes1
Wed Apr 13, 2016 12:25 pm
Forum: Personal Consumer Issues
Topic: Sport players Cards (Football, Baseball, Basketball), anyone collect?
Replies: 52
Views: 4158

Re: Sport players Cards (Football, Baseball, Basketball), anyone collect?

Sometime in the middle of the 80's people started seeing cards as having a monetary value. Before then, it was just a bunch of kids collecting and trading among themselves. Once they began to be viewed as possibly being valuable, things like penny sleeves and top loaders came around and every card w...
by Flashes1
Sun Apr 03, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: is foreign investing really worth it
Replies: 90
Views: 6222

Re: is foreign investing really worth it

I'm underinvesting in Europe. I just don't see where the future growth is going to come from. Is it business friendly? Is it attracting the most talented people in the world or are the immigrants not well versed in world class business theory---ie where are the Elon Musk's and Sergey Brin's of the w...
by Flashes1
Sat Apr 02, 2016 6:20 am
Forum: Investing - Theory, News & General
Topic: Target Date and Life Strategy NAV issue 4/1
Replies: 5
Views: 719

Re: Target Date and Life Strategy NAV issue 4/1

Why do you think that is incorrect? I don't have those funds, but my overall portfolio hardly changed at all today. Bond funds did nothing. Domestic funds went up, but foreign funds went down. It seems that portfolios with bonds, domestic, and foreign assets should have changed very little. Today w...
by Flashes1
Fri Apr 01, 2016 8:12 pm
Forum: Investing - Theory, News & General
Topic: Anyone else feeling a correction brewing?
Replies: 60
Views: 6669

Re: Anyone else feeling a correction brewing?

I'm in Corporate Banking and a lot of our customers are struggling, but we're only talking about 250 companies and it's geared towards leveraged and cyclical companies, so we talking about a subset of the economy( agriculture, energy, mid-size grocers, metal companies-----these industries are alread...
by Flashes1
Fri Apr 01, 2016 8:04 pm
Forum: Investing - Theory, News & General
Topic: Target Date and Life Strategy NAV issue 4/1
Replies: 5
Views: 719

Re: Target Date and Life Strategy NAV issue 4/1

The 2040 index in my 401k didn't change---I assume they will update the NAV overnight. Not too worried at this point.
by Flashes1
Fri Mar 25, 2016 12:10 pm
Forum: Personal Consumer Issues
Topic: Europe Trip in August
Replies: 99
Views: 6137

Re: Europe Trip in August

I'd feel more comfortable in Mosul if I was a black gay Marine than I would in Chicago. Some board members need to hoard less cash and live more life.
by Flashes1
Thu Mar 24, 2016 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Has your definition of "a lot" of money changed?
Replies: 57
Views: 5489

Re: Has your definition of "a lot" of money changed?

It's changed a hell of a lot. My wife and I were super cheap when we got married but we were young and needed to pay off her med school loan. We were so cheap we walked about a 0.25 mile to her Med School reunion at a fancy country club rather than tip the valet $5. Now we bought our daughter a $20k...
by Flashes1
Mon Mar 21, 2016 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on where to focus [Retirement + The Future vs. Student Loans]
Replies: 10
Views: 897

Re: Need advice on where to focus [Retirement + The Future vs. Student Loans]

Concur with ruralavalon. 1. A 100% return on the maximum amount of 401k matching. 2. Guaranteed 6% return (after tax) on those student loans. 3. Roth IRA contributions. If you're making $100k/year at age 30, you're going to need tax relief when you start marking the really big bucks later on in life...
by Flashes1
Tue Mar 15, 2016 9:03 am
Forum: Investing - Theory, News & General
Topic: The AMT puzzle
Replies: 14
Views: 2430

Re: The AMT puzzle

Not being able to deduct property tax is killing me.
by Flashes1
Tue Mar 08, 2016 8:37 am
Forum: Personal Consumer Issues
Topic: Is an interior designer worth it?
Replies: 33
Views: 3429

Re: Is an interior designer worth it?

I got a lot of value out of our interior designer. She had ideas regarding wall colors, drapes, blinds, etc. that we never would have come up with on our own. The one area I curtailed as much as possible was her buying things on our behalf unless it was "pretty low priced"......I preferred...
by Flashes1
Sun Feb 28, 2016 1:24 pm
Forum: Investing - Theory, News & General
Topic: What is your target portfolio size?
Replies: 66
Views: 7605

Re: What is your target portfolio size?

$2.8 million in today's dollars with a $700k paid-for house and a ~$24k pension. I have a $1.1 million portfolio today and $500k of house equity----44 yrs old.
by Flashes1
Tue Feb 23, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: What kind of car do you drive? [Looking for new car]
Replies: 126
Views: 6746

Re: What kind of car do you drive?

2013 Mercedes S550----twin turbo V-8. After driving it, I now see why the Germans almost took over the world twice in the past 100 years. And I see the value of a German engineering degree over a U.S. engineering degree. :D
by Flashes1
Tue Feb 23, 2016 10:21 am
Forum: Personal Consumer Issues
Topic: Unfinished basement ideas
Replies: 34
Views: 3364

Re: Unfinished basement ideas

I put this in my home gym---same stuff that Lifetime Fitness uses, and is virtually indestructible:

http://www.rubberflooringinc.com/rubber ... -roll.html
by Flashes1
Tue Feb 23, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: [Working for] Big 4 Accounting Firms & Salary
Replies: 17
Views: 2733

Re: General Discussion: Big 4 Accounting Firms & Salary

If you're not on a partnership path, you're probably going to be underpaid after 5 yrs. at Big 4 (and they make it very clear if they view you as Partner material---if you have any doubt, then you're not on that path---trust me on this). With 6-7 yrs. of Big 4 experience, you're probably ready for ...
by Flashes1
Tue Feb 23, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: [Working for] Big 4 Accounting Firms & Salary
Replies: 17
Views: 2733

Re: General Discussion: Big 4 Accounting Firms & Salary

FYI :happy "What Can You Expect to Make at a Big 4 Firm Over a 15 Year Period?" http://goingconcern.com/post/what-can-you-expect-make-big-4-firm-over-15-year-period Interesting website---even accounting for the numbers being 4 years old, Big 4 Partners make a lot more than $400k/year----t...
by Flashes1
Tue Feb 23, 2016 9:20 am
Forum: Personal Finance (Not Investing)
Topic: [Working for] Big 4 Accounting Firms & Salary
Replies: 17
Views: 2733

Re: General Discussion: Big 4 Accounting Firms & Salary

If you're not on a partnership path, you're probably going to be underpaid after 5 yrs. at Big 4 (and they make it very clear if they view you as Partner material---if you have any doubt, then you're not on that path---trust me on this). With 6-7 yrs. of Big 4 experience, you're probably ready for a...
by Flashes1
Tue Feb 23, 2016 9:11 am
Forum: Personal Consumer Issues
Topic: Treadmill
Replies: 22
Views: 2848

Re: Treadmill

Is the extra $300 for a Sole F85 vs. a F80 worth it under these set of parameters:

* 260 lb person
* No more than 15 miles/week
* Screen size isn't hugely important
* Need it to last 12 years

Is the bigger motor worth $300?
by Flashes1
Mon Feb 22, 2016 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Time to cut AA to international?
Replies: 45
Views: 4061

Re: Time to cut AA to international?

I have international, but I've never been a huge fan particularly of the developed countries in Western Europe and Japan. For a bunch of reasons, including demographic changes and cultural issues, I think these areas will lag the U.S. for a long time. Additionally, I think the US dollar has a bright...
by Flashes1
Tue Feb 09, 2016 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) getting killed
Replies: 52
Views: 5617

Re: 401(k) getting killed

This is when I hide my head in the sand....and let my 401(k) contributions do their thing and don't touch anything. It's too painful to look at my balances.
by Flashes1
Tue Feb 09, 2016 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: How to respond to a siblings who gloats over a great stock pick?
Replies: 51
Views: 3564

Re: How to respond to a siblings who gloats over a great stock pick?

tyrion wrote:Great! When are you taking me out for dinner and drinks?


This. Anyone gloating gets to pick up the tab. :beer
by Flashes1
Tue Feb 09, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: -24% Return over 2 years
Replies: 54
Views: 5740

Re: -24% Return over 2 years

Just wait for your 401k to lose 40% like mine did in 2008-2009. Fun times! :D
by Flashes1
Tue Feb 02, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: How to calculate your savings rate? Making sense of all the numbers.
Replies: 7
Views: 1353

Re: How to calculate your savings rate? Making sense of all the numbers.

Agree with the other posters. Keep it simple. There's no good reason to over complicate it. My personal definition is total investments / gross income. I ignore company 401k matching and normal mortgage principle payments; however, I include the "excess" principle payments because I have c...
by Flashes1
Tue Feb 02, 2016 8:38 am
Forum: Personal Consumer Issues
Topic: Where to Stay in San Francisco?
Replies: 38
Views: 3241

Re: Where to Stay in San Francisco?

If you're into craft beer you have to see the Anchor Steam brewery and Rogue has a bar/restaurant.
by Flashes1
Fri Jan 29, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Immediate Fixed Annuities
Replies: 45
Views: 3185

Re: Immediate Fixed Annuities

Non-inflation adjusted which is something to consider, but it's near-guaranteed income. Most of my retirement expenses should be discretionary; meaning I could greatly curtail them if necessary. Fixed costs such as house and cars would paid for----my other major expenses would be discretionary such ...
by Flashes1
Fri Jan 29, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Immediate Fixed Annuities
Replies: 45
Views: 3185

Re: Immediate Fixed Annuities

I'm 20 years away from needing one---but I see their value. It would be nice to have $1k of monthly income from one. I just played around with some numbers at "immediateannuities," and I'm intrigued. * $200,000 * Male at 67 yrs old * Female at 60 yrs old * 20 year pay-out period---- Joint ...
by Flashes1
Fri Jan 29, 2016 8:40 am
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 65
Views: 5675

Re: What age did you start maxing out your retirement contributions?

Wife & I started maxing out 401k's when I was 37 and she was 30.
by Flashes1
Thu Jan 21, 2016 7:27 am
Forum: Personal Consumer Issues
Topic: Retiring and people seem to avoid me
Replies: 66
Views: 8838

Re: Retiring and people seem to aviod me

If the OP is describing people at work, it could be that they view you as "being out of the game" so they don't feel like you're on the same team anymore. There's a bond between people who have common interests and goals. When that bond and goal is work related, and one of the parties leav...
by Flashes1
Fri Jan 15, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: What's your company 401k contribution
Replies: 105
Views: 5925

Re: What's your company 401k contribution

Me: 4%, and pension
Wife: 10%, no pension

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