Search found 4860 matches

by TomatoTomahto
Sun Jul 24, 2016 3:39 pm
Forum: Personal Consumer Issues
Topic: Vacationing in the Caribbean
Replies: 14
Views: 1185

Re: Vacationing in the Caribbean

I haven't been back for a while, but on the French side of St. Martin, in a town called Grand Case, are small quiet beaches and wonderful restaurants, ranging from great pizza to fancy French cuisine. IMO, do not stay on the Dutch side longer than it takes to drive to and from the airport; if you li...
by TomatoTomahto
Fri Jul 22, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 155
Views: 10262

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

My grandmother left unequal shares to her two children. She left 50% of her estate to my father and 25% to my estranged uncle and 25% to me. She didn't want to leave anything to my uncle because she had not had contact with him for almost 30 years but my father talked her into leaving him something...
by TomatoTomahto
Fri Jul 22, 2016 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 151
Views: 8818

Re: Early retirees, how much did you leave on the table?

I appreciate that everyone has an opinion but as the OP I asked a pretty specific nuts and bolts question about finances not philosophy of life. I greatly appreciate those who have attempted to answer the question asked it is very helpful to me. Thank you. Okay, here's a nuts and bolts answer, with...
by TomatoTomahto
Thu Jul 21, 2016 8:51 am
Forum: Personal Consumer Issues
Topic: Buying a VW?
Replies: 25
Views: 1387

Re: Buying a VW?

1. Air quality is a lethality issue. It causes premature deaths, about 7 million annually. Source: WHO. 2. Just because others cheat, doesn't make what VW did right, or any less wrong. Also, I don't think I've seen such blatant cheating in some time. Designing your car to turn off the emission cont...
by TomatoTomahto
Thu Jul 21, 2016 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway Class B
Replies: 42
Views: 3034

Re: Berkshire Hathaway Class B

We only own one share of an individual stock. :oops: You just lost over $1000 on that share today!?! 219,187.00 Down 1,078.00(0.49%) True, although I don't check daily :D Lately it seems to correlate more with my bonds than my equities, but I don't have a theory as to why. If it goes down $100k, I'...
by TomatoTomahto
Mon Jul 18, 2016 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway Class B
Replies: 42
Views: 3034

Re: Berkshire Hathaway Class B

BH is also very tax-efficient. Since it isn't a mutual fund is never throws off capital gains. And since it doesn't pay dividends, it is entirely a source of LTCG if you find yourself needing to pay yourself some "dividends" by selling a few shares (on your time schedule). We had owned on...
by TomatoTomahto
Sun Jul 17, 2016 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: How much i can withdraw from the account and the account to continue to grow ?
Replies: 24
Views: 1744

Re: How much i can withdraw from the account and the account to continue to grow ?

I think hitman is trying to win a bar bet on the basis of "expert" testimony here.
by TomatoTomahto
Sun Jul 17, 2016 11:38 am
Forum: Investing - Help with Personal Investments
Topic: How much i can withdraw from the account and the account to continue to grow ?
Replies: 24
Views: 1744

Re: How much i can withdraw from the account and the account to continue to grow ?

@hitman321, it appears that you've got it all figured out, so why post the question? Fwiw, I hope we have even 8% real returns, much less 10%; I will be living LARGE. :D

Good luck; it's your million :greedy
by TomatoTomahto
Sun Jul 17, 2016 7:25 am
Forum: Investing - Help with Personal Investments
Topic: How much i can withdraw from the account and the account to continue to grow ?
Replies: 24
Views: 1744

Re: How much i can withdraw from the account and the account to continue to grow ?

Withdrawing more than 2% per year is unlikely to meet OP requirements of a growing account. If 10% returns are enjoyed, previous sentence is overly pessimistic, but I think this sentence is overly optimistic. OP presumably intended to have level real withdrawals, which means inflation has to be cons...
by TomatoTomahto
Sun Jul 17, 2016 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Too much house???
Replies: 58
Views: 5540

Re: Too much house???

Background: 41 yr old female with 4.5m in investments split 60/40 stocks to bonds. Her yearly income is 220k between job and dividends. She spends about 150k/yr. Would you feel comfortable moving into a 1.5m house in her shoes?

Unless property taxes are unreasonable, go for it.
by TomatoTomahto
Fri Jul 15, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: How diverse is diverse?
Replies: 11
Views: 746

Re: How diverse is diverse?

By diverse I meant using different fund types to cover different market segments—large cap/small cap, growth/income. I know each fund contains many different individual stocks and/or bonds. Some people like to slice and dice that way; I think it provides an illusion of being diverse. I prefer simpl...
by TomatoTomahto
Thu Jul 14, 2016 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Networth = Age x Pretax income then divide by 10?
Replies: 48
Views: 5709

Re: Networth = Age x Pretax income then divide by 10?

We were fine. Then my wife got a big raise last year. Now we're bums again.

How silly.

ETA: actually, we are close. Still silly. We were killing it before her raise :oops:
by TomatoTomahto
Thu Jul 14, 2016 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

@JimmyD, Richard Branson never finished high school. That doesn't mean that it's a good idea to drop out of HS. You completely missed his point and are doing disservice to a very good post. Nowhere did JimmyD say his path was the best way, simply that it is an individual decision and you need to as...
by TomatoTomahto
Thu Jul 14, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

@JimmyD, Richard Branson never finished high school. That doesn't mean that it's a good idea to drop out of HS.
by TomatoTomahto
Thu Jul 14, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

For those who have the resources for it not to matter (like you and the OP), it is awesome that you can provide that for your children. For the rest of us, a cost/benefit analysis is a real and important thing. You and I don't fundamentally disagree. My argument on the cost/benefit analysis is that...
by TomatoTomahto
Thu Jul 14, 2016 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

AZAttornet11 wrote: In my opinion, college should be considered job training.

Thank you for the good grace to label it as your opinion. It is not my opinion. That's what makes horse races.
by TomatoTomahto
Wed Jul 13, 2016 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 147
Views: 19606

Re: $13 Million Goal for Early Retirement (am I crazy?)

@MaxSave, my condolences. thanks for the update. Keep on keepin' on.
by TomatoTomahto
Wed Jul 13, 2016 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Any wealthy bogleheads NOT use credit cards??
Replies: 88
Views: 4545

Re: Any wealthy bogleheads NOT use credit cards??

CCs aren't the problem; buying stuff you can't afford is. This. Credit cards make my life easier. My spending decisions are not at all driven by the availability of credit. Everything is paid off every month. Yes, I could live without a credit card, but what would be the purpose? Some weird sense o...
by TomatoTomahto
Wed Jul 13, 2016 2:21 pm
Forum: Personal Consumer Issues
Topic: Gift Giving for Internal Meeting
Replies: 7
Views: 551

Re: Gift Giving for Internal Meeting

My wife would bring back all sorts of goodies. 99% were given to the kids (pens, leather folding notepads, etc). Once, she was given an iPad preloaded with a video of team-building exercises she had done; but that's well above your budget. The only gifts she ever kept were from the airlines; BA (or ...
by TomatoTomahto
Wed Jul 13, 2016 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Any wealthy bogleheads NOT use credit cards??
Replies: 88
Views: 4545

Re: Any wealthy bogleheads NOT use credit cards??

For me, life without a CC would be more stressful, not less. I've pretty much got everything wired; I think things will run on autopilot for months after my death. I agree with not carrying a balance, our home and cars are paid for, etc. Btw, nothing to do with Dave Ramsey. CCs aren't the problem; b...
by TomatoTomahto
Wed Jul 13, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

Please don't shoot the messenger, but fwiw, Money magazine just released its 2016 "best value" college rankings.

Methodology debates aside, it's interesting: http://new.money.com/money/best-college ... -colleges/
by TomatoTomahto
Wed Jul 13, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

We live in NY so I am referring to SUNY Binghamton vs a small liberal arts school in New England. My son is doing very well academically at his private school and majoring in history. SUNY Binghamton is a great school. I don't know any details about the liberal arts school in New England but I woul...
by TomatoTomahto
Wed Jul 13, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

In the end, in my opinion, the name of the school on the resume is worth more than what the kid might learn in the classroom. I don't doubt this is true for some professions, but it is a sad statement. Glad I work in a field where your actual skills, knowledge, and intelligence matter far more than...
by TomatoTomahto
Wed Jul 13, 2016 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

Yeah that has to be a tough conversation, especially considering the OP hasn't said anything about how much of a "burden" this situation is on his/her family. Elsewhere, OP said I have $6M of invested assets and spend about $180,000 per year not including health insurance which is 100% co...
by TomatoTomahto
Wed Jul 13, 2016 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

My son attends a private college that cost 338% more than our state university. One year is now up to $65,000 vs $19,100 at the state school. We pay full amount...no scholarship or financial aid. Was this a very bad decision? We let him choose and now I wish we had not. What are the pros and cons o...
by TomatoTomahto
Tue Jul 12, 2016 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: 14k gain in 3 days???
Replies: 36
Views: 4512

Re: 14k gain in 3 days???

LAlearning wrote:I like all these humble brag posts...

Two years ago, I didn't know what a humble brag was. Today, I'm posting them. Who says I'm too old to learn new tricks?
by TomatoTomahto
Tue Jul 12, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6178

Re: Private vs State School?

Hmmm. You gave him the choice, he chose, he is doing very well, and now you have second thoughts. Ready, fire, aim. Steadfast you're not; if I were him, I'd be disappointed.
by TomatoTomahto
Tue Jul 12, 2016 10:25 am
Forum: Investing - Help with Personal Investments
Topic: 14k gain in 3 days???
Replies: 36
Views: 4512

Re: 14k gain in 3 days???

By way of a humble brag and paying homage to Livesoft: some time ago, Livesoft made some offhand comment about one's being able to afford as much car as one's portfolio gained or lost in a day. This lead to my calling it the Livesoft Tesla Requirement, which I passed some time ago (unfortunately, on...
by TomatoTomahto
Tue Jul 12, 2016 5:43 am
Forum: Investing - Help with Personal Investments
Topic: How much do you invest of your net income?
Replies: 25
Views: 3265

Re: How much do you invest of your net income?

I honestly don't know. Whatever is left after taxes, tuition, spending, etc gets saved. +1 i dont have a fixed date when i want to retire since im still relatively young, so doing the calculations and math doesnt make since to me. if the market does well, ill retire earlier. if it does poorly, ill ...
by TomatoTomahto
Mon Jul 11, 2016 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: gearing [using Leverage]
Replies: 32
Views: 1872

Re: gearing [using Leverage]

Warren Buffett once said (not an exact quote): Leverage entice people to do crazy things. If you are smart, you do need to use leverage; if you're dumb, you have no business considering it. I have to chuckle at this quote. One of the keys of Berkshire Hathaway's success is the leverage it uses. It'...
by TomatoTomahto
Sun Jul 10, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 44
Views: 4878

Re: Fidelity 2% CC or Citi double cash card?

I have both. I have the bills go to Fidelity 2%, since their amex has been trigger happy for fraud and a pain. We spend with the Citi DC and Costco visa (where the earnings are higher), due to the price rewind capability. When it gets hacked every ~6 months, I don't have to change my bills to a new...
by TomatoTomahto
Sun Jul 10, 2016 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: How much do you invest of your net income?
Replies: 25
Views: 3265

Re: How much do you invest of your net income?

I honestly don't know. Whatever is left after taxes, tuition, spending, etc gets saved.
by TomatoTomahto
Sun Jul 10, 2016 2:54 pm
Forum: Personal Consumer Issues
Topic: Less than 24 hour delivery with Amazon & on Sunday
Replies: 41
Views: 2476

Re: Less than 24 hour delivery with Amazon & on Sunday

Although we do not own any guns, I can see that some people might answer the door on that day and hour with a gun in hand. I own several, maybe a few more than several. I would not be worried about someone ringing the doorbell on a Sunday morning. I would worry about the door being kicked in or a w...
by TomatoTomahto
Sun Jul 10, 2016 2:35 pm
Forum: Personal Consumer Issues
Topic: Less than 24 hour delivery with Amazon & on Sunday
Replies: 41
Views: 2476

Re: Less than 24 hour delivery with Amazon & on Sunday

Could you elaborate on what upset you about the Sunday delivery? Was it the ringing of the doorbell that early? Yes. I do not expect any strangers showing up on my doorstep outside of normal business hours and ringing the doorbell especially when most everyone in the household is sleeping. Although...
by TomatoTomahto
Sun Jul 10, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Kid
Replies: 63
Views: 5714

Re: Trust Fund Kid

I don't see much difference between a $1M trust with an income matching clause and a debt-free college diploma. Trust made the mistake of not including an income matching clause. My kids know that they'll get something; DW and I still disagree on the size of trusts. Interesting to me is how differen...
by TomatoTomahto
Sun Jul 10, 2016 10:38 am
Forum: Investing - Help with Personal Investments
Topic: gearing [using Leverage]
Replies: 32
Views: 1872

Re: gearing [using Leverage]

You're ahead 2-1 with 2 minutes left in the game. Why would you pull your goalie?

Sorry for the sports analogy.
by TomatoTomahto
Sun Jul 10, 2016 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6653

Re: Picking College and College Scholarships

@blevine, my oldest taught for a while in the nasty parts of Philly. I was glad when she got a job in somewhat safer locations (she flies to different areas to assess grant performance). I find it limiting to consider only the narrow financial ROI; in terms of effect on the larger picture, she might...
by TomatoTomahto
Sat Jul 09, 2016 1:09 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1740
Views: 388052

Re: What Movie Have You Recently Watched?

abuss368 wrote:We finished "Prison Break" series on Netflix. Enjoyed it.

My wife enjoyed it all (eye candy?). I got progressively less interested, and started a game where I tried to predict each scene before it happened. I was batting well over .500.
by TomatoTomahto
Sat Jul 09, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6653

Re: Picking College and College Scholarships

This is completely ridiculous. I went to an average high school and attended one of the Top 5 School where I was surely scheduled "to feel like dirt" as you put it. Nothing is further from the truth. It is completely worth the investment to challenge yourself and rise to the top of the to...
by TomatoTomahto
Fri Jul 08, 2016 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6653

Re: Picking College and College Scholarships

We personally have only one point. That One Point means everything to us. Other points matter little.

Bingo
by TomatoTomahto
Fri Jul 08, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6653

Re: Picking College and College Scholarships

@livesoft, thanks for that back story. Nothing beats drive. :sharebeer
by TomatoTomahto
Thu Jul 07, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6653

Re: Picking College and College Scholarships

The flagship state university has a larger cross sections of REAL PEOPLE that my children has to deal with. Hence, it is a BETTER ENVIRONMENT for my children. KlangFool Why wouldn't REAL PEOPLE go to elite universities? I don't think it's just my experience but one can certainly meet folks from all...
by TomatoTomahto
Thu Jul 07, 2016 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6653

Re: Picking College and College Scholarships

I think this is really a tough problem. If like Mr Tomato you have enough money that the relative cost one school to another is a non-issue then you have nothing to decide - kids gets in and wants to go to Yale, sure go. If you have very little money then your kids gets into Yale with a free ride y...
by TomatoTomahto
Wed Jul 06, 2016 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6653

Re: Picking College and College Scholarships

Anecdotes are nice but oftentimes unreliable. A degree from an elite university is a credential that stays with you as long as you live (and also your heirs due to legacy). Don't underestimate the power of having a good 'pedigree': it will at a minimum get your foot in the door, and probably provid...
by TomatoTomahto
Wed Jul 06, 2016 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6653

Re: Picking College and College Scholarships

Anecdotes are nice but oftentimes unreliable. A degree from an elite university is a credential that stays with you as long as you live (and also your heirs due to legacy). Don't underestimate the power of having a good 'pedigree': it will at a minimum get your foot in the door, and probably provid...
by TomatoTomahto
Wed Jul 06, 2016 8:10 am
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 368
Views: 30207

Re: What kind of car are you driving?

Any summer performance tire is dangerous in the cold. On my old Acura I ran Goodyear Eagle F1 GSD3's.... In the fall the first time we had a morning in the 40s they turned hard as a rock and started to get a bit skittish on corners. Even a dusting of snow would leave you stuck. When I used them I h...
by TomatoTomahto
Tue Jul 05, 2016 6:40 pm
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 368
Views: 30207

Re: What kind of car are you driving?

We became an SUV family when the kids started playing ice hockey (and one was a goalie). They're moved on, but we got into the habit. Easy to get in and out of, a high view of the road, and there's not much we can't get through.
by TomatoTomahto
Tue Jul 05, 2016 5:16 pm
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 368
Views: 30207

Re: What kind of car are you driving?

Tesla Model S. Best car I've ever owned. Looking forward to getting the 3 as well. On our little block of 8 houses, we have my X, my neighbor's S which he will replace with an S or X when it goes off lease in a couple of months, and a neighbor waiting for her X ("soon"). 3/8 of the houses...
by TomatoTomahto
Tue Jul 05, 2016 5:52 am
Forum: Investing - Theory, News & General
Topic: Deutsche Bank troubles
Replies: 10
Views: 1208

Re: Deutsche Bank troubles

AlohaJoe wrote:There's nothing in the article to suggest that Deutsche Bank has any problems. A stock price doesn't CAUSE a bank to fail.

There are articles, written by journalists whose hair is not on fire, that chronicle DB's challenges.
by TomatoTomahto
Mon Jul 04, 2016 8:21 am
Forum: Personal Consumer Issues
Topic: Roku TV without carrier?
Replies: 27
Views: 2047

Re: Roku TV without carrier?

We have kids using our Netflix account, and a few dollars more per month makes it legal.

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