Search found 779 matches

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: 3326

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: 11847

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: 6439

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: 6059

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: 1367

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: 1381

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: 505

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: 2219

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: 11701

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: 11262

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: 9317

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: 4730

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: 20
Views: 1769

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: 5308

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: 176
Views: 16355

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: 4383

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: 7190

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: 8293

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: 3615

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: 3615

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: 1008

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: 3615

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: 3615

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: 2052

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: 918

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: 1379

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: 821

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: 17983

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: 224
Views: 19614

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: 30377

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: 7157

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: 5251

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: 7406

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: 7954

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: 7603

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: 7603

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: 553
Views: 134388

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: 553
Views: 134388

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: 4925

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: 8229

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: 8229

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: 8229

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: 8229

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: 3637

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: 5858

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: 10757

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: 47493

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: 1680

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: 7391

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...

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