Search found 754 matches

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: 725

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: 1139

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: 644

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...
by Flashes1
Fri Jan 13, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 15393

Re: Best Financial Moves You've Made

* Got married to a good earner who is responsible with money.
by Flashes1
Tue Jan 10, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12192

Re: How Bad was 2008, really?

It was very bad. The financial system was close to collapse. I'm in corporate banking, and saw many of the world's largest financial institutions drop like flies....institutions that survived Great Depression, didn't survive this one. There were a couple days when my institution (probably the strong...
by Flashes1
Wed Jan 04, 2017 12:43 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27146

Re: Whats your number to walk away?

$3 million in investments - need $1.7 million more - age 47 with smaller pension and large house to be paid off in 5 years. My NW has been increasing approx. $150k per annum the last 6 years.
by Flashes1
Fri Dec 16, 2016 10:14 am
Forum: Investing - Theory, News & General
Topic: What do you think is in more of a bubble right now?
Replies: 57
Views: 6610

Re: What do you think is in more of a bubble right now?

I think European stocks are the most overvalued right now despite being in the pits for 10 years: I) US dollar will continue to outgain Euro, II) demographic changes work against Europe, III) political risk of EU breaking-up, and IV) unfriendly business environment compared to US and China.
by Flashes1
Wed Dec 14, 2016 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: What % of your net income do you save (not including 401k/IRA)
Replies: 59
Views: 4811

Re: What % of your net income do you save (not including 401k/IRA)

We're probably saving 25% of net income with approx. 60% going to extra mortgage principal and 40% to TSM.
by Flashes1
Tue Dec 06, 2016 3:24 pm
Forum: Investing - Theory, News & General
Topic: What percentage of international do you hold?
Replies: 127
Views: 6245

Re: What percentage of international do you hold?

Currently: 26% of equities, but changing to ~12% tonight. I found I could no longer make the argument that I) the US dollar will materially weaken vs. the Euro for quite awhile--namely due to higher interest rates in the U.S., ii) demographic changes working against Europe, iii) decreased corporate ...
by Flashes1
Tue Dec 06, 2016 10:53 am
Forum: Personal Consumer Issues
Topic: Flying Across Atlantic with 98th Percentile 18-Month Child
Replies: 114
Views: 6699

Re: Flying Across Atlantic with 98th Percentile 18-Month Child

I can't think of any scenario where I would willingly fly +5 hours with any kid, let alone an 18 month old. We put our kids in the back of the SUV and drive over night so we bother no one but ourselves.
by Flashes1
Tue Nov 22, 2016 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 7057

Re: Double Check Figures: Affording $1M Home

I'll throw this out there since you said there's potential your income could rise to $300k/year in the next 10 years. Assuming you feel really good about that.....I'd recommend stretching on a house right now because you mentioned a "forever house." Most people move up in house price as t...
by Flashes1
Tue Nov 22, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 7057

Re: Double Check Figures: Affording $1M Home

I'll throw this out there since you said there's potential your income could rise to $300k/year in the next 10 years. Assuming you feel really good about that.....I'd recommend stretching on a house right now because you mentioned a "forever house." Most people move up in house price as th...
by Flashes1
Tue Nov 22, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 416
Views: 97826

Re: Share your net worth progression

Equity in Primary Residence: 24% of NW, been aggressively paying down mortgage last 3 yrs...hindsight says I should have put this $ in equities, but what can you do? I have to say, I enjoy the peace of mind of having little mortgage debt. Stocks: approx. 60% of NW. Bonds: approx. 16% of NW One of th...
by Flashes1
Tue Nov 22, 2016 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 416
Views: 97826

Re: Share your net worth progression

Year Net Worth 2004: $215,000 - got married, I'd been working for 13 yrs., wife just got out of medical training. 2005: $312,000 2006: $450,000 - Baby 1 born 2007: $522,000 - Baby 2 born. 2008: $441,000 - one of the toughest Christmas's thinking of the beautiful Ferrari I could have bought with my l...
by Flashes1
Sun Oct 23, 2016 7:42 pm
Forum: Personal Consumer Issues
Topic: Aldi doesn't accept phone calls
Replies: 36
Views: 4388

Re: Aldi doesn't accept phone calls

Their employees work very hard...on a slow day there can be 1 employee in the store.....no time to answer phones. Shop their for cheap prices but don't fool yourself into thinking it's a full service grocery store.
by Flashes1
Sun Oct 09, 2016 10:32 pm
Forum: Personal Consumer Issues
Topic: Luxury Cars - Am I missing out on creature comforts by not driving one?
Replies: 92
Views: 7466

Re: Luxury Cars - Am I missing out on creature comforts by not driving one?

Neither I nor my wife care for the "status" aspect of driving a luxury car. I just wanted to see if they offered additional comforts and driving pleasure (apart from better safety features, if any). I actually find it kind of embarasing to have a luxury brand car sometimes. I never drive ...
by Flashes1
Sun Oct 09, 2016 10:29 pm
Forum: Personal Consumer Issues
Topic: Luxury Cars - Am I missing out on creature comforts by not driving one?
Replies: 92
Views: 7466

Re: Luxury Cars - Am I missing out on creature comforts by not driving one?

OP here. After reading all the replies, I have decided to go ahead and test drive one (Probably Acura) sometime next year. Neither I nor my wife care for the "status" aspect of driving a luxury car. I just wanted to see if they offered additional comforts and driving pleasure (apart from ...
by Flashes1
Sun Oct 09, 2016 10:27 pm
Forum: Personal Consumer Issues
Topic: Luxury Cars - Am I missing out on creature comforts by not driving one?
Replies: 92
Views: 7466

Re: Luxury Cars - Am I missing out on creature comforts by not driving one?

pascal wrote:I am curious about the creature comforts.

How do you spend the remaining 15 hours - do you have similar comfort?


Yes. We built our dream house for maximum effect, and we still save +30% of gross income.
by Flashes1
Sat Oct 08, 2016 9:30 pm
Forum: Personal Consumer Issues
Topic: Luxury Cars - Am I missing out on creature comforts by not driving one?
Replies: 92
Views: 7466

Re: Luxury Cars - Am I missing out on creature comforts by not driving one?

Here's some of my favorite features on my ultra-luxury sedan: - Twin turbo V-8 is fun as heck. - Sun Shades shield me from prying eyes. - Door lock senses the key so I don't need to push the remote. - Interior LED lighting looks cool at night. - Air conditioned seats. - Dual sun roofs. - Seat massag...
by Flashes1
Wed Oct 05, 2016 9:41 am
Forum: Personal Consumer Issues
Topic: Nanny in Boston
Replies: 44
Views: 3405

Re: Nanny in Boston

We deliberately "overpaid" our nanny/babysitters to retain them and also help find the best ones. We found there's no set type of person who tends to be the best....it's all case-by-case. I found that the one's who were friendly, punctual, and shared a lot of our belief and religious views...
by Flashes1
Wed Oct 05, 2016 9:27 am
Forum: Personal Finance (Not Investing)
Topic: What you guys do with the bonus
Replies: 59
Views: 5245

Re: What you guys do with the bonus

I usually greatly increase my 401k contribution on the pay period when the bonus is paid then decrease the % for the rest of the year.
by Flashes1
Wed Sep 21, 2016 4:30 pm
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 9957

Re: Disappointing News Wells Fargo

I'm disappointed that any company would pressure their employees to this degree, but especially pressure low paid folks like retail bank branches. Those people have tough enough jobs dealing with the public without being pressured to open up a bunch of cruddy accounts that existing customers don't n...
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: 304
Views: 44227

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: 1480

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: 6660

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: 5038

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: 18095

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: 18095

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: 9606

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: 9606

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: 9606

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: 9606

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: 7377

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: 7763

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: 2614

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: 7377

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: 2911

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: 4934

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: 24438

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: 1856

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: 2548

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: 24032

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: 24032

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: 12237

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: 4515

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: 6830

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: 774

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: 6995

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: 774

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: 6748

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.

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