Search found 419 matches

by LFKB
Thu Sep 28, 2017 4:24 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 7311

Re: What are your monthly expenses?

Monthly expenses would look something like this Mortgage/property taxes - $10k Restaurants/bars - $3k Travel - $3k Clothes/furniture/electronics - $1k Insurance - $700 TV/internet/utilities - $700 Miscellaneous - $1600 Savings - $40k Taxes - $50k :( Sweet lord. We are saving about 2/3 of our after ...
by LFKB
Thu Sep 28, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 7311

Re: What are your monthly expenses?

Monthly expenses would look something like this Mortgage/property taxes - $10k Restaurants/bars - $3k Travel - $3k Clothes/furniture/electronics - $1k Insurance - $700 TV/internet/utilities - $700 Miscellaneous - $1600 Savings - $40k Taxes - $50k :( These are incredible monthly expenses, over $100k...
by LFKB
Sat Jul 29, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 7311

Re: What are your monthly expenses?

Monthly expenses would look something like this

Mortgage/property taxes - $10k
Restaurants/bars - $3k
Travel - $3k
Clothes/furniture/electronics - $1k
Insurance - $700
TV/internet/utilities - $700
Miscellaneous - $1600
Savings - $40k
Taxes - $50k :(
by LFKB
Wed Jul 19, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: What Major Companies are Not Included in Standard Vanguard Index Funds?
Replies: 14
Views: 1799

Re: What Major Companies are Not Included in Standard Vanguard Index Funds?

I believe both Alibaba and Samsung fall into this category and are not included in TSM, Total International or Emerging Markets, correct? No, not correct. Mostly echoing points others have made above: https://s10.postimg.org/kmbc6jkrd/Captura_de_pantalla_2017-07-18_a_las_8.52.15_PM.png Both have $2...
by LFKB
Tue Jul 18, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: What Major Companies are Not Included in Standard Vanguard Index Funds?
Replies: 14
Views: 1799

Re: What Major Companies are Not Included in Standard Vanguard Index Funds?

I should have clarified that my question related to public companies only. I'm aware that private companies are not included.
by LFKB
Tue Jul 18, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: What Major Companies are Not Included in Standard Vanguard Index Funds?
Replies: 14
Views: 1799

Re: What Major Companies are Not Included in Standard Vanguard Index Funds?

Samsung was the #2 largest holding for vanguard total international as of 6/30/2017. https://personal.vanguard.com/us/funds/snapshot?FundId=0569&FundIntExt=INT#tab=2 Rank Holdings 1 Nestle SA 2 Samsung Electronics Co. Ltd. 3 Royal Dutch Shell plc 4 Novartis AG 5 Tencent Holdings Ltd. I doubt anyone...
by LFKB
Tue Jul 18, 2017 1:02 am
Forum: Investing - Help with Personal Investments
Topic: What Major Companies are Not Included in Standard Vanguard Index Funds?
Replies: 14
Views: 1799

What Major Companies are Not Included in Standard Vanguard Index Funds?

I believe both Alibaba and Samsung fall into this category and are not included in TSM, Total International or Emerging Markets, correct? Both have $200 billion plus market caps and are among the largest companies in the world, yet neither would be included in a standard Vanguard portfolio. They've ...
by LFKB
Mon Jul 17, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Question on When to Take Social Security
Replies: 14
Views: 1442

Question on When to Take Social Security

My parents are considering taking social security. They are both 63 and have some mortgage and some high interest debt that should be repaid. Below are the details, Mom Take Now - $817 Age 66 - $1,060 Age 70 - $1,490 Dad Take Now - $2,180 Age 66 - $2,741 Age 70 - $3,689 My thoughts is that my mom sh...
by LFKB
Sat Jul 15, 2017 1:19 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 3678

Re: What am I missing here? [I'm a bachelor]

You don't need to buy a home and shouldn't feel pressured to do so, but you're thinking about it all wrong. Property taxes and interest are tax deductible and you have an opportunity for appreciation in value. You also have no control over rent prices and are at the whim of the market. If you do a 3...
by LFKB
Sun Jul 09, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 96
Views: 15022

Re: Can we/should we afford a $2M house?

Dollar-wise, assuming your income remains as predicted and your jobs are intact, I agree it is certainly affordable. What is your best exit strategy should you need to move from your house (e.g. job transfer, loss of job, loss of income, etc.). You haven't been at your job very long, and even stabl...
by LFKB
Thu Jul 06, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: High Income, High Debt, Low Life Expectancy
Replies: 21
Views: 4797

Re: High Income, High Debt, Low Life Expectancy

Very sorry to hear about your condition and wish you nothing but the best. Do you have any life insurance in place? My quick thoughts are 1. The advice you got about preemptively getting an employment lawyer is a good one. You need to know the ins and outs of your employment terms and be prepared fo...
by LFKB
Thu Jul 06, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: 45yo 18M portfolio, best way to grow?
Replies: 47
Views: 6846

Re: 45yo 18M portfolio, best way to grow?

Can you provide more background on how you got to where you are today? What were your incomes along the way and what were some of the good and bad investments you made? How much of the $18M came from income vs investment gains vs inheritance? Of the $12M in real estate today, how many properties is ...
by LFKB
Thu Jul 06, 2017 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 96
Views: 15022

Re: Can we/should we afford a $2M house?

OP. Can you afford it? Absolutely Should you buy it? I had a similar profile at your age and chose not to and it was one of the smartest financial decisions I ever made. You are spending $36,000 a year on the housing expenses with the million dollar income. As long as you and your family are reason...
by LFKB
Sun Jul 02, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 96
Views: 15022

Re: Can we/should we afford a $2M house?

OP. Can you afford it? Absolutely Should you buy it? I had a similar profile at your age and chose not to and it was one of the smartest financial decisions I ever made. You are spending $36,000 a year on the housing expenses with the million dollar income. As long as you and your family are reason...
by LFKB
Tue Jun 27, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 8318

Re: Can you share some of your financial goals?

Pay off house and have $7 million of liquid net worth by age 50 so I can retire.
by LFKB
Tue Jun 27, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 96
Views: 15022

Re: Can we/should we afford a $2M house?

Just curious to the folks who answered no what income do they think should be able to afford 2M house value? The OP income is 900-1.2million. Those people may be looking at the nature of the income, the wide range of consulting income given, the student debt still owed, and the relatively low curre...
by LFKB
Tue Jun 27, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 96
Views: 15022

Re: Can we/should we afford a $2M house?

One thing I think a lot of people fail to appreciate in situations like this is the power of what I'll call "spend leverage." The couple that makes $100k gross and $75k net of taxes may have $40k of annual recurring expenses (food, entertainment, TV/internet, vacations, etc) and $35k for housing and...
by LFKB
Tue Jun 27, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 96
Views: 15022

Re: Can we/should we afford a $2M house?

Our income is similar at about $1.1-$1.2M and we bought a $3.9M house in a HCOL area. Our assets are much more substantial at about 2.8M Net worth, but you should be fine. If your wife stops working, you should still be fine if the consulting income is still coming in.
by LFKB
Mon Jun 19, 2017 8:49 pm
Forum: Personal Consumer Issues
Topic: California Vacation - Bay Area, So Cal, or Both (with coastal drive)?
Replies: 23
Views: 1969

Re: California Vacation - Bay Area, So Cal, or both (with coastal drive)?

My suggestion would be to start in San Diego and drive up the coast to Santa Barbara, stopping along the way in Laguna Beach, Newport Beach, Santa Monica, Malibu and then up to Santa Barbara. There's more to do and better weather in that part of the state.
by LFKB
Sat Jun 17, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 574
Views: 151044

Re: Share your net worth progression

Full update for the two of us below 2008: graduated college - maybe $40k 2009: $100k 2010: $200k 2011: $400k 2012: $620k 2013: $850k 2014: $1.15M 2015: $1.6M 2016: $2.1M 2017: $2.8M How did you do that?? What's your income? Income is high and saved a bunch but also invested $100k in a single stock ...
by LFKB
Fri Jun 16, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 574
Views: 151044

Re: Share your net worth progression

Full update for the two of us below 2008: graduated college - maybe $40k 2009: $100k 2010: $200k 2011: $400k 2012: $620k 2013: $850k 2014: $1.15M 2015: $1.6M 2016: $2.1M 2017: $2.8M How did you do that?? What's your income? Income is high and saved a bunch but also invested $100k in a single stock ...
by LFKB
Fri Jun 16, 2017 10:17 am
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

$10 billion of revenue which is about 13% of total. Not a rounding error. I'm sure if I took 13% of your net worth away it wouldn't be a rounding error. I'm sure if I gave you $10 billion it wouldn't be a rounding error. I also don't really understand the infatuation with calling them a one trick p...
by LFKB
Fri Jun 16, 2017 10:10 am
Forum: Investing - Theory, News & General
Topic: Amazon Buys Whole Foods
Replies: 103
Views: 12089

Re: Amazon Buys Whole Foods

Mentioned it in my Google thread but Whole Foods is one of my five individual stocks I own (as is Amazon). I bought back in January. Looks like I'm going from 5 individual stocks to 4.
by LFKB
Mon Jun 12, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 574
Views: 151044

Re: Share your net worth progression

Full update for the two of us below

2008: graduated college - maybe $40k
2009: $100k
2010: $200k
2011: $400k
2012: $620k
2013: $850k
2014: $1.15M
2015: $1.6M
2016: $2.1M
2017: $2.8M
by LFKB
Mon Jun 12, 2017 12:21 am
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

They didn't sideline projects? They simply changed their reporting structure? It would seem you should do a lot more research before investing. You really have a way of exaggerating and intentionally taking things out of context. You may want to work on improving that as it will help your work and ...
by LFKB
Sun Jun 11, 2017 11:56 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

It seems google itself agrees with me, which is why it brought in a new CFO and is completely changing direction on these side projects. And as I noted, it is Google that refers to itself as a one trick pony. I didn't originate that description although I do agree with it. They are completely chang...
by LFKB
Sun Jun 11, 2017 11:16 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

I like Costco stock better than Google stock. They aren't even in all 50 states yet. The several I've visited have full parking lots and long lines inside & out (gas) at various times of the day. They are known for taking care of their employees and generally seem to want to do the right thing in b...
by LFKB
Sun Jun 11, 2017 11:14 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

What's the combined revenue of all of those ventures and what is it as a percentage of Google's total revenue? It's a rounding error. Google does a lot of things but it only makes significant (to it) money on advertising. Most of the non-advertising revenue is unprofitable, too. $10 billion of reve...
by LFKB
Sun Jun 11, 2017 10:23 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

All of those ventures you mentioned that actually make money do so by finding yet more places to put advertising. My "one trick pony/large pony" quote came directly from Eric Schmitt. Google is terrified of voice. That is not even remotely true that all of those ventures make money only through adv...
by LFKB
Sun Jun 11, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 574
Views: 151044

Re: Share your networth progression

Our net worth progressed something like this. Primarily through saving and some modest investment gains. We really only invested a large percentage of my net worth slowly over the last 15 months. 22: $100k 23: $200k 24: $400k 25: $620k 26: $850k 27 (current): $1.15M I first posted in this thread al...
by LFKB
Sun Jun 11, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

Google is a one-trick pony. Granted, it's a really big pony, but they are vulnerable to changes in how people search (think voice). I'm extremely impressed by their latest investments in their public cloud platform and believe they'll probably beat Amazon there over time. AWS is already losing its ...
by LFKB
Sun Jun 11, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

I didn't misread it. I gave an annual number of $10 billion and you gave a quarterly revenue. $10 billion is a significant amount of revenue for any company. I'm not going to bet the farm on them. It's my largest individual hold but the majority of my portfolio is indexed. LFKB, << $10 billion is a...
by LFKB
Sun Jun 11, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

I didn't misread it. I gave an annual number of $10 billion and you gave a quarterly revenue. $10 billion is a significant amount of revenue for any company. I'm not going to bet the farm on them. It's my largest individual hold but the majority of my portfolio is indexed. LFKB, << $10 billion is a...
by LFKB
Sun Jun 11, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

All of those ventures you mentioned that actually make money do so by finding yet more places to put advertising. My "one trick pony/large pony" quote came directly from Eric Schmitt. Google is terrified of voice. That is not even remotely true that all of those ventures make money only through adv...
by LFKB
Sun Jun 11, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

Google is a one-trick pony. Granted, it's a really big pony, but they are vulnerable to changes in how people search (think voice). I'm extremely impressed by their latest investments in their public cloud platform and believe they'll probably beat Amazon there over time. AWS is already losing its ...
by LFKB
Sun Jun 11, 2017 1:21 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

Google is a one-trick pony. Granted, it's a really big pony, but they are vulnerable to changes in how people search (think voice). I'm extremely impressed by their latest investments in their public cloud platform and believe they'll probably beat Amazon there over time. AWS is already losing its ...
by LFKB
Sun Jun 11, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

Google is a one-trick pony. Granted, it's a really big pony, but they are vulnerable to changes in how people search (think voice). I'm extremely impressed by their latest investments in their public cloud platform and believe they'll probably beat Amazon there over time. AWS is already losing its ...
by LFKB
Sun Jun 11, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

I realize this is an index board which is where I keep most of my money, but what individual stocks (not index funds or ETFs) do you like better than Google right now and what do you agree/disagree with from the below? I'm a simple man but the important and quick takeaways for me are 1. Dominant ma...
by LFKB
Sun Jun 11, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

OP, Let's assume that everything you said is correct, why would that make Google/Alphabet a good stock to buy? The answer would be no. Please note that there is a significant difference between a good stock and a good company. In order to be a good stock, it has to beat expectation by a large margi...
by LFKB
Sun Jun 11, 2017 9:59 am
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

Avo wrote:
LFKB wrote:I'm not an amateur. I'm an investor by profession
Then why ask for stock-picking advice from amateurs?
Just soliciting other opinions. Is there something wrong with that?
by LFKB
Sun Jun 11, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

So why does a company with a dominant market position in a huge and growing search market with sustained 20% revenue growth and 40% EBITDA margins and massive growth opportunities in future technologies trade at or around the market multiple? It still seems very reasonably priced even at these leve...
by LFKB
Sun Jun 11, 2017 9:51 am
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

My advice would be to start tracking your performance against some benchmark like Growth Index or S&P 500 Index (if you are not) and see how you do over 3-5 years. It is very difficult for the individual investor to pick stocks and beat the market; many here would say it is nearly impossible. Many ...
by LFKB
Sat Jun 10, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

OP, Let's assume that everything you said is correct, why would that make Google/Alphabet a good stock to buy? The answer would be no. Please note that there is a significant difference between a good stock and a good company. In order to be a good stock, it has to beat expectation by a large margi...
by LFKB
Sat Jun 10, 2017 3:47 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

My advice would be to start tracking your performance against some benchmark like Growth Index or S&P 500 Index (if you are not) and see how you do over 3-5 years. It is very difficult for the individual investor to pick stocks and beat the market; many here would say it is nearly impossible. Many ...
by LFKB
Sat Jun 10, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

I realize this is an index board which is where I keep most of my money, but what individual stocks (not index funds or ETFs) do you like better than Google right now and what do you agree/disagree with from the below? I'm a simple man but the important and quick takeaways for me are 1. Dominant ma...
by LFKB
Sat Jun 10, 2017 2:58 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

Suggest you stop posting about this on Internet forums and buy as quickly as possible before anyone else finds out. They might push the price up to the appropriate level to account for all of that I have been buying from $300 to $1,000 and have a large position now, but thank you for the sarcastic ...
by LFKB
Sat Jun 10, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

> So why does a company with a dominant market position in a huge and growing search market with sustained 20% revenue growth > and 40% EBITDA margins and massive growth opportunities in future technologies trade at or around the market multiple? Because it isn't that simple. Taking your pros by nu...
by LFKB
Sat Jun 10, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8848

Tell me a stock you like better than Google/Alphabet Right Now and Why

I realize this is an index board which is where I keep most of my money, but what individual stocks (not index funds or ETFs) do you like better than Google right now and what do you agree/disagree with from the below? I'm a simple man but the important and quick takeaways for me are 1. Dominant mar...
by LFKB
Thu Jun 08, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value is Trading at a 49x P/E Ratio
Replies: 15
Views: 2712

Re: Small Cap Value is Trading at a 49x P/E Ratio

... Small cap value doesn't include stocks with negative or zero earnings so that is irrelevant. They are in Vanguard's small value index fund. They may not be the most prominent companies, but they're easy enough to find if you start at the bottom of the list Cloudera Inc EPS (TTM) -5.14 NCS Multi...
by LFKB
Thu Jun 08, 2017 1:01 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value is Trading at a 49x P/E Ratio
Replies: 15
Views: 2712

Small Cap Value is Trading at a 49x P/E Ratio

This is according to the Vanguard website. Is that right? It doesn't feel very "valuey" right now.

Does anyone have the historical P/E ratio of the fund?