Search found 116 matches

by staustin
Thu Jun 21, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much to keep in the bank?
Replies: 5
Views: 836

Re: How much to keep in the bank?

As a sub s, then your balance sheet and the company balance sheet are really one and the same. As such, keep sufficient cash in the company to have a positive working capital position plus a small margin of error totaling a few months of operating expenses.
by staustin
Sat Jun 02, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17959

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Ours didn't, and I am still bitter at basically having been bullied by the kids' high school advisors and others into applying for the FAF and the FAFSA, miserable paperwork and a lot of personal information I didn't particularly want to share. I kept saying "This is ridiculous. No college is going...
by staustin
Sat Mar 17, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: traveling to mexico, should I be concerned?
Replies: 107
Views: 9314

Re: traveling to mexico, should I be concerned?

spent time recently in Cabo, San Miguel de Allende and Cancun area. My thoughts (worth about a penny): i've felt more unsafe in the states than Mexico most times. By and large Mexicans are kind and decent people. THAT SAID, if you find yourself in trouble in Mexico, you're in real trouble. Whereas i...
by staustin
Sat Jan 27, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Rising Rates Increase Worries
Replies: 86
Views: 14088

Re: Larry Swedroe: Rising Rates Increase Worries

Any time I read an article or post that is advertising "equity like returns but less risk/volatility/etc." I just move on to the next thread. I'm actually surprised that he mentions/recommends these "alternatives" without even providing a clue exactly what they invest in. He suggests that they have...
by staustin
Mon Dec 18, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: opinions requested on student college decision / financial related
Replies: 87
Views: 5013

Re: opinions requested on student college decision / financial related

sincere thanks for the counsel. I'm leaning towards paying the tuition and being pleased I'm able to do it.
by staustin
Mon Dec 18, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: opinions requested on student college decision / financial related
Replies: 87
Views: 5013

opinions requested on student college decision / financial related

So, I seek the wisdom of the crowd.. or at least the opinion of the informed, intellingent crowd. The subject being college choice and cost. We're fortunate to have a very bright daughter. Nearly maxed her SAT, 4.2 GPA, etc. Interested at this point in pursuing a nursing degree (potentially grad sch...
by staustin
Thu Nov 30, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 32988

Re: Anyone tired of the stock market going up?

S&P p/e ratio today around 24 look like, Dow at 22? That's getting pretty rich by most any historical standard....... certainly well above the long term 15 average. personally i keep a conservative stock allocation so i don't care if it goes up alot or down alot.. if i were heavily weighted, would b...
by staustin
Sat Nov 18, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 28
Views: 2288

Re: United change fees

Yet again example of the frustration in and around flying these days. Flexibility to changes plans is a thing of the past (except on southwest, which i personally don't care for simply because i can't select a seat). Insurance is the best option in my view, outside of multiple, one way tickets.
by staustin
Fri Nov 17, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: An hour with David Swensen at Council of Foreign Relations
Replies: 25
Views: 3122

Re: An hour with David Swensen at Council of Foreign Relations

returns juiced by private equity holdings apparently.
by staustin
Wed Nov 08, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 14632

Re: Why make more money?

This string is an excellent example of the depth and quality of this forum.. Very interesting and thought provoking read. Thank you to all that contributed... and, this: “Millions – then what?” The American said, “Then you could retire. Move to a small coastal fishing village where you could sleep l...
by staustin
Wed Nov 08, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 10083

Re: "I took all my money out of the stock market and it feels amazing"

In my humble view, Dr. Bernstein's advice is spot on. And, good for her that she achieved her target, acted on it and is hopefully now just enjoying life.
by staustin
Tue Nov 07, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 14632

Re: Why make more money?

basically, our society has dictated that our main purpose for existence is to work to make money. Yes, some people like their work...but many do not. Sad when you think about it. This... sad, but true. Can't recall the source but recently read, paraphrasing: initially you trade your freedom for sec...
by staustin
Sat Sep 09, 2017 8:18 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 8663

Re: Luxury car: perception vs reality

i'm in the 'ridiculously cheap' live a very modest no debt lifestyle. paid for house, high net worth. That said, cars are one of our luxuries (travel once a year the other). Drove a toyota corrolla for 10 years. Recently paid cash for a 2 year old used infiniti q-50 (3.7 liter engine) and have zero ...
by staustin
Wed Aug 30, 2017 7:07 am
Forum: Personal Consumer Issues
Topic: Hulu w/ Live TV
Replies: 17
Views: 1919

Re: Hulu w/ Live TV

big sports fan myself - found psvue to be our best option. our core elite slim package is no longer for sale I see though and I noted the price increase that's coming. Sticking with Psvue for the time being but monitoring both FuboTV and Hulu Live..
by staustin
Sun Jan 08, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 108
Views: 9650

Re: Incorporating your home into networth calculation

i'm in Klangfool's camp on this subject. A home is necessary expense at the end of the day, the cost of sheltering you and your family. And, one you'll always incur regardless. Taxes, insurance, maintenance, etc. I suppose you might calculate the delta between the value of your current home and pote...
by staustin
Fri Sep 30, 2016 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Is Private high school in the good school district worth investing?
Replies: 78
Views: 8644

Re: Is Private high school in the good school district worth investing?

My wife and I both are public school graduates. Our oldest child attended the local (well regarded) public school. That experience caused us to place our two younger children in private school. My eldest sons incoming freshman class exceeded 1000 students. Most classes were 25 to 30 students each. S...
by staustin
Mon Aug 15, 2016 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 51732

Re: Self-made Millionaires: how did hitting 7 figures change you?

The wife and I celebrated the event privately at home by opening a $10 Spanish wine... Definitely a 'milestone' moment as we paid off our last remaining debt right around the same time. Having no debts and a 7 figure investment portfolio equals a relaxed mind. We still both work as our youngest chil...
by staustin
Mon May 16, 2016 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 9845

Re: Some days still not sure I made the right choice

Mule, could you elaborate on why you feel this way? You are financially secure and you seem to have found a part time job sufficient to keep you busy. Was your identity somewhat involved with the job? Do you miss the work? What prompted your decision to retire and have those circumstances changed? T...
by staustin
Sun May 15, 2016 9:55 am
Forum: Personal Consumer Issues
Topic: Trade in BMW?
Replies: 45
Views: 5751

Re: Trade in BMW?

jharkin describes me exactly... we're current owners of a german turbodiesel... amazingly fun, quick car. Test driving a lexus last week for the wife, left me BORED. I realized I can't go back. and, i'm ridiculously cheap.
by staustin
Mon Jan 11, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Obtaining Pesos in Mexico
Replies: 16
Views: 1895

Re: Obtaining Pesos in Mexico

You are required to pay the vendors in cash? this would highly unusual. Most times I'm in mexico I simply transact business via my HSBC mastercard. You'll pay a small convenience fee per item. Otherwise, you can use your atm card at any Bank in mexico and withdraw Pesos from a dollar denominated acc...
by staustin
Mon Aug 24, 2015 9:17 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 30833

Re: Bernstein: "If you've won the game, stop playing."

timely bump....

words to live by for the future.
by staustin
Mon Aug 24, 2015 7:29 am
Forum: Investing - Theory, News & General
Topic: Can anyone help me understand China
Replies: 31
Views: 5054

Re: Can anyone help me understand China

effectively.... and this is corroborated by several news reports, a large amount chinese retail investors were day trading. Now, seems most have called it a day and the government is making efforts to prop up the market. This is obviously a huge oversimplification but, effectively, retail chinese in...
by staustin
Fri Jan 16, 2015 9:10 am
Forum: Investing - Theory, News & General
Topic: Swiss franc jumps as SNB abandons ceiling versus euro
Replies: 25
Views: 3107

Re: Swiss franc jumps as SNB abandons ceiling versus euro

Isn't the real story the futility of central banks trying to distort market forces? What are the implications for central banks (the Fed and the ECB) and quantitative easing, remembering that enforced low interest rates helped create the subprime bubble? To some extent yes... but, keynesians would ...
by staustin
Wed Oct 15, 2014 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 130
Views: 13653

Re: Relatively new here. What did you do in 2008/09

adopted a much more conservative asset allocation plan so i could sleep better at night and not worry about market swings.. i'm glad i did. personally, didn't suscribe to the QE train. Again, glad i did. the market contracts every time the fed tries to take away the steroids (as is the case now as w...
by staustin
Thu Jun 19, 2014 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Living trust vs will
Replies: 46
Views: 6498

Re: Living trust vs will

having just gone through the painful probate process in Louisiana, associated with my father's meager estate, I immediately asked for an estate attorney recommendation from trusted friends. I found a wonderful lady, in solo practice. The fees were minimal but the guidance excellent. I've now establi...
by staustin
Thu May 22, 2014 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to invest?
Replies: 100
Views: 12331

Re: Is now a bad time to invest?

I'm the counterpoint I suppose to the 'buy and hold' forever theory... I'm a huge student of economics. As such, it's been well documented that the economy is still on very fragile footing. Current stock prices more accurately represent the effects of Quantitative Easing than strong underlying econo...
by staustin
Mon Mar 31, 2014 11:59 am
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 104454

Re: Mr. Money Mustache: Hero or Foolish?

I like him as well. In my mind, any and all voices that speak to living more simply, being frugal, spending more time enjoying life by not participating in the relentless pursuit of more and great material things, are welcome and should be encouraged. His blog was my motivation to buy a bike.. "it's...
by staustin
Sun Aug 25, 2013 10:51 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 785
Views: 147584

Re: Boglehead Beer

For those of you in central and south texas, Indio is now available. My two standby's are Shiner Bock and Indio.

Huge fan of Odell Brewery... i now drive to Colorado for my annual summer retreat from the heat and load the cooler up for the return trip.
by staustin
Sun Aug 04, 2013 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Extreme Early Retirement
Replies: 104
Views: 17697

Re: Extreme Early Retirement

CONGRATULATIONS! An amazing accomplishment to have those kinds of assets at 37. If you've structured your expense side to live below a 4% withdrawal rate, absolutely take the plunge. Consider various types of passive income as well... there are numerous posts on the topic, from dividend stocks to re...
by staustin
Thu Jun 20, 2013 11:49 am
Forum: Investing - Theory, News & General
Topic: Why is the Market having a major sell off?
Replies: 121
Views: 10547

Re: Why is the Market having a major sell off?

sadly, it's because central banks MAKE THE MARKETS today and hold vast amounts via purchases. Even a whiff that the punch bowl will be taken away is causing panic. even more of a reason to do it immediately lest it become more and more difficult, near impossible, in the months ahead. a ridiculous un...
by staustin
Mon Apr 08, 2013 1:58 pm
Forum: Investing - Theory, News & General
Topic: philosophical AA question - if you have hit your retirement
Replies: 10
Views: 904

Re: philosophical AA question - if you have hit your retirem

many thanks! Blue, appreciate the link to the article.
by staustin
Mon Apr 08, 2013 11:47 am
Forum: Investing - Theory, News & General
Topic: philosophical AA question - if you have hit your retirement
Replies: 10
Views: 904

philosophical AA question - if you have hit your retirement

n the "anyone selling" thread, someone mentioned they had hit their target # to live comfortably in retirement. This started me thinking so though i'd pose the question in a separate thread. I'm very close to hitting a # where i think i could live comfortably at my current standard of living. Then, ...
by staustin
Mon Mar 18, 2013 8:04 am
Forum: Investing - Theory, News & General
Topic: unexpected danger to bank accounts ...
Replies: 27
Views: 3294

Re: unexpected danger to bank accounts ...

valuethinker has it exactly right... there have been a few folks making the point over and over that intentional negative real interest rates equate to a stealth tax/destruction of value. Yet, people seem oblivious...

Gold's appeal is yet again apparent versus a fiat currency.
by staustin
Thu Dec 27, 2012 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: what is the max % concentration in a single stock?
Replies: 6
Views: 868

what is the max % concentration in a single stock?

My privately held employer merged a month or so ago and is now publicly traded. i was fortunate enough to monetize 10 years of iso's. While i'm excited, i'm now staring at a single stock 30+% concentration of my investable assets.... i plan to sell down to 10 to 15%. What is the forum's thoughts on ...
by staustin
Thu Jul 12, 2012 7:15 am
Forum: Personal Consumer Issues
Topic: What do I need to know about diesel German cars?
Replies: 32
Views: 3926

Re: What do I need to know about diesel German cars?

2010 jetta tdi owner.... wife and i LOVE, LOVE that car. Always a toyota owner before. For performance and mileage, it's easily the way to go. Don't buy one though unless there is a reliability german mechanic in town. Fortunately we have a shop just down the street that's very affordable. Otherwise...
by staustin
Wed Jun 27, 2012 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: question regarding medicaid and helping a sibling
Replies: 7
Views: 787

Re: question regarding medicaid and helping a sibling

all, many thanks for comments. most helpful.
by staustin
Tue Jun 26, 2012 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: question regarding medicaid and helping a sibling
Replies: 7
Views: 787

question regarding medicaid and helping a sibling

My father passed away a few weeks ago. We are in the process of probating his small estate. It's minimal with a small ira, a pension, a small house and a vehicle. My mother has been placed in a nursing home. We will be spending down their estate paying for her care until such time as she qualifies f...
by staustin
Fri May 25, 2012 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: 529 vs CD's for college education
Replies: 8
Views: 1848

Re: 529 vs CD's for college education

Cd's........ My son did poorly his first year in school and is not returning. I'm glad my funds were not in a 529.
by staustin
Wed Mar 21, 2012 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Your asset allocation, and why?
Replies: 46
Views: 6029

Re: Your asset allocation, and why?

I'm 43: 45% bonds 21% cash 13% TSM 5% Emerging markets 9% gold/commodities 7% reits I'm working my bond exposure down. My long term goal is to get to a 4 X 25 construction of cash, total bond market, stocks, commodities/reits. I'm increasing commodities/hard assets as the fed repression continues. I...
by staustin
Sat Mar 10, 2012 12:14 pm
Forum: Investing - Theory, News & General
Topic: If you had shares in a small privately-held company....
Replies: 9
Views: 1480

Re: If you had shares in a small privately-held company....

I'm struggling with this issue myself. I was awarded a decent number of shares in a company that I work for. While private, there are over 400 shareholders, therefore it's treated as a non-traded public company. It's a sizeable, private held company. The amount of cash I need to excercise my options...
by staustin
Tue Feb 28, 2012 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Math help in foreign cd's
Replies: 6
Views: 1002

Re: Math help in foreign cd's

It's a highly risky means of stretching for yield. Unless you visit the country annually, plan to move there, or have some sort of residence and need to transact business, best avoided. Buy hard assets instead. At least this way you can put them in a vault in your house or safe deposit box.
by staustin
Tue Feb 28, 2012 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: PRPFX Permanent Portfolio
Replies: 2
Views: 467

Re: PRPFX Permanent Portfolio

Lots and lots of discussion on this topic and the permanent portfolion in general to be found in other threads. I subscribe to permanent portfolio theory and I own the fund. It's expensive no doubt but I can't stomach owning the various 4 pieces individually and watching 25 to 50% of it crashing at ...
by staustin
Fri Feb 24, 2012 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA Direct - High Yield Savings 1.24 APY
Replies: 23
Views: 3130

Re: TIAA Direct - High Yield Savings 1.24 APY

sigh.... first hsbc direct, then am ex online and now, looks like, i'm headed to tiaa direct. The sad yield chase continues.
by staustin
Tue Feb 21, 2012 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: interesting articles today on cnnfn regarding local currency
Replies: 1
Views: 299

interesting articles today on cnnfn regarding local currency

Being a fan of economics and anthropology, I find these sorts of articles and social experiments very interesting. Article mentioned 11 separate local currencies and the impact it was having on impoverished areas experiencing "skewed wealth distribution". No agenda here... just wanted to pass along....
by staustin
Mon Feb 13, 2012 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: New AMEX Blue Cash rewards lowered
Replies: 9
Views: 2287

Re: New AMEX Blue Cash rewards lowered

6% on groceries, 3% on gas is still excellent.
by staustin
Sun Feb 05, 2012 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Many Sad Stories of the Downwardly Mobile
Replies: 42
Views: 3180

Re: Many Sad Stories of the Downwardly Mobile

most interesting... blevine, hong kong and value thinkers comments I find most insightful. "wasteful consumption".. very true. I've posted numerous times my weariness regarding being questioned, judged, looked down upon my by colleagues and neighbors for living in in the same small house these past ...
by staustin
Tue Jan 31, 2012 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: How is your relationship with money?
Replies: 54
Views: 4837

Re: How is your relationship with money?

i'd say my struggle with money is borderline unhealthy. my wife and I drive very old cars and live in a tiny house. With regard to the car, hers was in very poor shape. After reaching the point of near divorce threats (an idle threat of course as we're happily married) we took the plunge and upgrade...
by staustin
Thu Jan 26, 2012 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: PIMCO commodityrealreturn strategy Questions
Replies: 12
Views: 943

Re: PIMCO commodityrealreturn strategy Questions

i own the fund. it's a hybrid though in that the fund is really treasuries... they purchase futures contracts only. Regardless, I count it in my commodities asset allocation. active mgt is the only way to go in this sector.
by staustin
Wed Jan 25, 2012 3:48 pm
Forum: Investing - Theory, News & General
Topic: Fed Says No Rate Hikes Until at Least Late 2014
Replies: 73
Views: 7106

Re: Fed Says No Rate Hikes Until at Least Late 2014

when you have structural deficits funded by fiat currencies, combined with a central bank holding rates artifically low for an extended period (obvious financial repression) you have no choice but to think in terms of hard assets....i.e., gold or real estate. This should serve as both a store of val...