Search found 801 matches

by Flashes1
Fri Dec 08, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Do you have any guilty pleasure investments?
Replies: 49
Views: 2383

Re: Do you have any guilty pleasure investments?

I have two actively managed funds from an old 401(k) that I like: Dodge & Cox International, and American Funds - Europacific.

I believe they have both outperformed the Vanguard - Total International Index fund; therefore, I keep them as a guilty pleasure.
by Flashes1
Wed Dec 06, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: How would you value a business if you considered investing in it
Replies: 18
Views: 1349

Re: How would you value a business if you considered investing in it

The banking world's go-to measurement is an EBITDA multiple. Depending on the Company's growth rate, the multiple is currently 6x-10x EBITDA. There's many exceptions, but that will get you in the ball park. More concerning to me is the OP seemingly having difficulty finding the numbers needed to cal...
by Flashes1
Mon Nov 27, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 134
Views: 8566

Re: Analysis Paralysis: Can you get to the bottom of things?

You must embrace, or at least accept, the unpredictability and uncertainty of the future. There's a certain bliss that comes once you internalize that nobody knows what's going to happen, and it's all a series of more or less educated guesses. This. The smartest Harvard trained stock strategist wit...
by Flashes1
Sat Nov 25, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Too much house, right?
Replies: 88
Views: 8040

Re: Too much house, right?

I say go for it. We built our dream home 5 years ago and couldn't be happier....although I wish I would have made certain rooms bigger like the Exercise room and Theater Room. You only live once.
by Flashes1
Fri Nov 24, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: How do I explain converting old 401k to Roth IRA to someone?
Replies: 3
Views: 501

How do I explain converting old 401k to Roth IRA to someone?

So just like the title says, how do I explain to a longtime retiree how to convert pre-tax IRA/old IRA money to a Roth IRA? Is it as simple as transferring money on Vanguard.com between the two funds? I understand the tax implications, but the retiree believes they need active income to make a Roth ...
by Flashes1
Tue Nov 14, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 5833

Re: College student... Financial mess... Need advice...

The first loss is often times the least expensive loss.
by Flashes1
Tue Nov 14, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 3684

Re: Borrowing from parents - what interest rate?

A lot of personal bias leaking into the recommendations. The OP asked what interest rate to pay; not if the board thinks it okay to do it.
by Flashes1
Thu Oct 26, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime customers can now give Amazon access to their home
Replies: 53
Views: 4571

Re: Amazon Prime customers can now give Amazon access to their home

Many Americans have firearms. You wake up one morning to the sound of someone walking in your house, forgetting you had a scheduled Amazon delivery....and you start blasting away.
by Flashes1
Mon Oct 09, 2017 6:39 am
Forum: Investing - Theory, News & General
Topic: business owner, what is your income from business and how did you get into successfully business, what's your networth?
Replies: 17
Views: 2486

Re: business owner, what is your income from business and how did you get into successfully business, what's your networ

And there's a 3rd Option: become an outside investor in a private business. You keep your day job, but have upside potential of the business's success. High risk, high reward. I'm in final stages of doing this with a craft beer/restaurant start-up. Very exciting stuff.
by Flashes1
Wed Sep 20, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Expat in Norway tax help
Replies: 2
Views: 275

Re: Expat in Norway tax help

The Big 4 accounting firms all have tax professionals in Norway.
by Flashes1
Fri Sep 15, 2017 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1336

Re: TIAA Expense changes

I detest TIAA for their high fees. We're paying a 0.39% fee on an S&P 500 Index fund.....and this is with a pretty big hospital. Highway robbery.
by Flashes1
Tue Sep 12, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Tips on helping spouse feel that we are truly FI?
Replies: 18
Views: 1642

Re: Tips on helping spouse feel that we are truly FI?

Sounds like she wants to continue earning a pay check. She's been poor and probably doesn't want to go back there. Mid-40's with two young children? It doesn't sound like she's being unreasonable. I grew up middle-class in a wealthy town....the thought of returning to middle-class living terrifies m...
by Flashes1
Tue Sep 12, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 9463

Re: When calculating net worth, how do you value your house?

I can't believe we're even having this discussion. Anyone with a day of financial/accounting experience knows Net Worth is Assets - Liabilities. To argue otherwise is ignorant. If you want to exclude home equity in your personal situation, fine, just don't call it your Net Worth----call it something...
by Flashes1
Mon Sep 11, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Do I need an Amazon Echo??.....
Replies: 68
Views: 5341

Re: Do I need an Amazon Echo??.....

Until it can perform acts of a sexual nature, I'll hold off.
by Flashes1
Mon Sep 11, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 9463

Re: When calculating net worth, how do you value your house?

Since something is worth only what someone will pay for it: I use comps from what similar homes have recently sold for in my neighborhood MINUS a 6% realtor commission.
by Flashes1
Mon Aug 28, 2017 6:57 am
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 139
Views: 22729

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

Specific to the OP's situation: it's all about fitting in with one's colleagues and looking the part. If you want to be a partner some day....then start looking and acting like a young partner. Not every partner drives a new S550, but I bet there aren't many driving 10 year old Corolla's either. Fin...
by Flashes1
Thu Aug 24, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 7021

Re: Sigh...I'm ready for criticism...how am I doing?

He's in the top 5% of income earners, yes, but I think his opening line in the post was more of a comment on how he is faring as compared to other bogleheads that ask "how am I doing?", then proceed to tell us they have $2M+ in investable assets and are looking for validation.... The OP is 32 years...
by Flashes1
Thu Aug 24, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 7021

Re: Sigh...I'm ready for criticism...how am I doing?

OP is in top 5%---the elite of the elite.

Enjoy being an American, and the benefits that comes with it.
by Flashes1
Sat Aug 05, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Beach condo investing
Replies: 32
Views: 4636

Re: Beach condo investing

We were down at Hwy 30A a few weeks ago and it got me to looking at rentals on-line at night. I was getting ready to get serious until I looked at the rental availability of the units------they were solidly booked from mid-May to mid-August, but were completely wide open thereafter. Not good. Additi...
by Flashes1
Thu Aug 03, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 26244

Re: A poll: How much money do you need to retire?

I'm 49 and spouse is 42----want $4.0 million portfolio, and paid-for house in the high six figures. I plan on working to 62, and hope/pray wife will work to 60.
by Flashes1
Thu Jul 27, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Living on a boat in HI to save money
Replies: 17
Views: 2999

Re: Living on a boat in HI to save money

I'm not a boater, but to save costs, what about anchoring out at sea at night and then have your wife pick-up/drop-off at a dock? That could be fun.
by Flashes1
Wed Jun 21, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tripped on this this morning - pros and cons? [HELOC as emergency fund]
Replies: 22
Views: 3972

Re: Tripped on this this morning - pros and cons? [HELOC as emergency fund]

We've used our HELOC for this purpose for +10 years. I feel secure my bank would never freeze it due to I) We have 60% equity in our house---assuming the HELCO is 100% drawn, and ii) we bank with a very conservative large bank---if it went down---it would be financial Armageddon, and I would be worr...
by Flashes1
Tue Jun 13, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 14734

Re: Who takes financial chances and why is this forum so financially conservative?

The only thing about the forum members I would stereotype with being conservative is with cars and a house (and I defy that stereotype in a big way!).
by Flashes1
Fri Jun 09, 2017 6:27 am
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 103
Views: 8534

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

I am disappointed particularly because of my job experience lending money to large retailers, I've personally seen the destruction Amazon has caused. Literally every single retailer has been negatively affected by them, so why didn't I buy AMZN?????? It just feels so obvious today. :annoyed
by Flashes1
Thu Jun 08, 2017 6:52 am
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 7349

Re: I'm considering buying a house in the $800k range.. can I?

Edit: just saw OP's page 2 update about already knowing his anticipated spouse.
by Flashes1
Mon May 29, 2017 5:51 am
Forum: Investing - Help with Personal Investments
Topic: First Post - Inheritance
Replies: 11
Views: 1557

Re: First Post - Inheritance

The services of a good CPA would be a wise investment.
by Flashes1
Fri May 26, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio 100% in VTSAX for first 5 years of my career?
Replies: 18
Views: 1761

Re: Portfolio 100% in VTSAX for first 5 years of my career?

I would advise you go to 100% TSM in your circumstances---but I agree with others that you probably should bump up your Emergency Fund a little bit if you do that.
by Flashes1
Tue May 02, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Small Business
Replies: 4
Views: 612

Re: Value of Small Business

These kinds of businesses are hard to value (if I understand your example correctly) because most of the businesses' value is tied up with the owner's own hard work. I know someone who owns a mid-sized aluminum scrapping business that buys scrap aluminum and then immediately sells it to a large user...
by Flashes1
Mon May 01, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2583

Re: Umbrela Insurance is it worth?

I'm "cheap" when it comes to insurance (no extra life insurance on my spouse & I), but I even splurged on a $1MM umbrella policy when our NW hit the OP's threshold. It gives me peace of mind.
by Flashes1
Thu Apr 13, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: Ordering a Weber grill this week
Replies: 149
Views: 13257

Re: Ordering a Weber grill this week

I'm probably asking on the wrong board, but is a Weber Genesis worth the extra $1,000? We don't do anything fancy on our grill....but assuming I have the means, I wonder if it's worth it. Does it look noticeably nicer (I know that's a subjective assessment, but just curious).
by Flashes1
Wed Apr 05, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 13178

Re: High Income earners, whats your Tax Strategy?

The AMT costs us an additional $4k/per annum in taxes every 4/15----and I really don't like writing that check.

The inability to write-off my relatively high property taxes hurts me.
by Flashes1
Wed Apr 05, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 10796

Re: Buying expensive car, how to keep payments low?

Boy did you pick the wrong forum to ask your question. I bet half a dozen people tell you to buy a Honda Fit instead. That's what I was thinking when I read the OP. There's a lot of millionaires driving Corollas on this board, but I say, if you got the money, go ahead and splurge. :beer I got the "...
by Flashes1
Wed Apr 05, 2017 9:48 am
Forum: Personal Consumer Issues
Topic: Spring Break Trip to Disney World
Replies: 68
Views: 5556

Re: Spring Break Trip to Disney World

I agree every parent HAS to take the kiddos to Disney at least once----heck, I almost consider it Un-American not to. :D My wife and I are NOT Disney people, but we enjoyed our 1 trip to the park. The best things we did: 1) stay at one of the Disney hotels so you can come and go very easily via the ...
by Flashes1
Tue Mar 21, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: How much life insurance?
Replies: 19
Views: 2029

Re: How much life insurance?

Has anyone ever factored any "fun" money into their Life Insurance. Say you want some extra money after a long disease takes your spouse....I thought a nice car might cheer me up so I got some extra coverage for my wife, but I'm not sure how widespread that is.
by Flashes1
Mon Mar 13, 2017 6:28 am
Forum: Personal Consumer Issues
Topic: What to do about a bad neighbor in same unit -- both renters of same landlord.
Replies: 43
Views: 5922

Re: What to do about a bad neighbor in same unit -- both renters of same landlord.

One of the main benefits of renting is freedom to move. I think I would exercise this benefit and move...immediately. And I wouldn't care what the lease said. I'd just up and move if I felt my landlord wasn't helping me in a potentially dangerous situation.
by Flashes1
Wed Mar 08, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 21498

Re: How Much in Your Emergency Fund And Is It Used?

I don't have an emergency fund, but I do have a large enough HELOC from a very strong bank on a house with 60% loan/value.

I never understand why I would keep funds yielding 1% for something that I'll unlikely ever need, and if I did, I could use my HELOC.
by Flashes1
Fri Mar 03, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: Family Hounding me to Purchase SUV or Minivan
Replies: 61
Views: 5108

Re: Family Hounding me to Purchase SUV or Minivan

My wife and I are not "minivan" people, so we bought a new Explorer which has treated our family well. If the inlaws are concerned that the high mileage car is not safe, then I can understand their point of view. If it's just they look down on Japanese cars, then that's their business and ...
by Flashes1
Tue Feb 28, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: Mom & Pop investors piling in. Bad Sign/Good sign?
Replies: 36
Views: 7642

Re: Mom & Pop investors piling in. Bad Sign/Good sign?

The economy is doing fine. I'm curious to hear more details about plans to loosen regulations and decrease taxes. That has the ability to move markets up/down. I'm long-term bullish on American economy, but I'm waiting for a 10% correction to move approx. 1% of bonds to equities in a Roth. Otherwise...
by Flashes1
Thu Feb 23, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 9055

Re: New Boglehead Millionaire

I completely understand how you can't tell anyone but this message board about your achievement. I can't even tell my wife because if she knew our net worth, she'd want to go part time! :happy

Congrats. Very impressive milestone at your age.
by Flashes1
Thu Feb 23, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4118

Re: Another can we afford home thread!

I'm not one to judge anyone either. But, folks should just call their choices what they are and not look for a work around to justify what they want. If one wants something and they can afford it, go for it! So why can't we just let people say they "need" something? If they feel they need...
by Flashes1
Thu Feb 23, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4118

Re: Another can we afford home thread!

But everyone's different. I have a +5,000 sq. foot house (including finished basement), and it feels small. I would feel like a financial loser if I lived in a 2,400 sq. foot house, but that's me.....again, everyone is different. I agree. Same issue as car threads where everyone should be purchasin...
by Flashes1
Thu Feb 23, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: Looking for suggestions for a Wine Cooler
Replies: 28
Views: 1214

Re: Looking for suggestions for a Wine Cooler

I just bought an Electrolux wine chiller a couple days ago on Amazon, but I was drooling over the Wolf wine fridge, but I couldn't pull the trigger on the extra cost (but that's me).

On another note, we just bought a Bosch built-in coffee maker, too. That should be a fun toy.
by Flashes1
Thu Feb 23, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4118

Re: Another can we afford home thread!

2400 sq ft is twice the size of our 2/2 How is that not enough room? Do you want a house with rooms that are never used and only house furniture? If your current house feels "cramped" - time to downsize your stuff. Keep what you actually NEED and use. Much better plan, IMO. I kept trying ...
by Flashes1
Thu Feb 23, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4118

Re: Another can we afford home thread!

My 2 cents: - I think this is more of a quality of life question than anything else because with a paid-off house, because you can afford the new one. - How happy are you in the new house? Is it something you're proud of, or do you feel kind of "blah" about it? - Would changing school dist...
by Flashes1
Wed Feb 22, 2017 4:05 pm
Forum: Personal Consumer Issues
Topic: Best fencing for a dog
Replies: 35
Views: 2407

Best fencing for a dog

Seems like everyone's getting a dog these days! We're looking for the best way to contain our yet to be acquired dog, and here's our scenario: - Golden doodle puppy to be received in late March. - We have a 9 and 11 year old who should hopefully be playing outside a lot with the dog. - We live in th...
by Flashes1
Thu Jan 19, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Pension options vs Term-Life policy
Replies: 11
Views: 1061

Re: Pension options vs Term-Life policy

You should thank Chris Christie for strengthening your pension plan. Very few (if any) private pensions offer COLA and free retirement health care. Welcome to the real world. I agree with other recommendations to leave high cost of living state like NJ for a lower tax rate state in the South.
by Flashes1
Thu Jan 19, 2017 3:39 pm
Forum: Personal Consumer Issues
Topic: It is snowing again.
Replies: 11
Views: 1513

Re: It is snowing again.

WeatherBug shows a lot of precipitation today (Thursday) in the Seattle/Portland and Nor Cal and Las Vegas areas. I hope it's helping with the drought.
by Flashes1
Sun Jan 15, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Home Theater Projector
Replies: 10
Views: 970

Re: Home Theater Projector

I have a dedicated HT in my basement---and I love escaping down there most nights. As others have said, it's important to keep out BOTH exterior light and interior light. If you have friends over to watch the big game, you probably want the lights on. This favors a TV vs. a HT....but if you're going...