Search found 108 matches

by lowndes
Mon Apr 06, 2020 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Possible PPP Loan fraud
Replies: 26
Views: 1984

Re: Possible PPP Loan fraud

Advance notice for responders: Don't refer me to a lawyer. I'm not going to ask a lawyer. I'm asking the Bogleheads for opinions because some Bogleheads have good opinions. The situation: The majority owner of a small business plans for the company to borrow money under the PPP loan with the intent...
by lowndes
Mon Apr 06, 2020 7:00 pm
Forum: Investing - Theory, News & General
Topic: Hope you weren't born in 1960
Replies: 63
Views: 11252

Re: Hope you weren't born in 1960

Sorry - I admittedly didn’t read the whole paper. Let’s say you max out on your SS contributions every year of your career then I’m confused as to how your SS benefits are affected. I thought it was just based off of your contributions. I am not a SS expert. However, your top 35 years of inflation ...
by lowndes
Mon Apr 06, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 263
Views: 42026

Re: How Much in Your Emergency Fund And Is It Used?

We have $100k in a HY savings account which is usually around 6 months of expenses. That’s my target in current job.
by lowndes
Mon Apr 06, 2020 5:51 pm
Forum: Investing - Theory, News & General
Topic: Hope you weren't born in 1960
Replies: 63
Views: 11252

Re: Hope you weren't born in 1960

Sorry - I admittedly didn’t read the whole paper. Let’s say you max out on your SS contributions every year of your career then I’m confused as to how your SS benefits are affected. I thought it was just based off of your contributions.
by lowndes
Sun Apr 05, 2020 8:29 pm
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 17016

Re: What percentage of your paycheck do you invest?

My family puts 10% of each paycheck into our investment accounts. We are looking to increase this to 15% moving forward. How about all of you? Same as you: 10-15% of base pay. I’m all over the map with what I do with my annual bonus. I’ll bet you guy were not expecting the kind of answers your gett...
by lowndes
Sun Apr 05, 2020 6:36 pm
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 17016

Re: What percentage of your paycheck do you invest?

simplesauce wrote: Sun Apr 05, 2020 5:46 pm My family puts 10% of each paycheck into our investment accounts. We are looking to increase this to 15% moving forward. How about all of you?
Same as you: 10-15% of base pay. I’m all over the map with what I do with my annual bonus.
by lowndes
Fri Apr 03, 2020 10:28 pm
Forum: Personal Investments
Topic: Do you want to own the whole haystack [VTI] when someone has a blowtorch?
Replies: 136
Views: 11653

Re: Do you want to own the whole haystack [VTI] when someone has a blowtorch?

Questioning my bogelhead core ideals. Generally we want diversification. It is a benefit. Are we sure it is a benefit during a pandemic. Won’t there be obvious winners and losers? Winners: 3M, Costco, Zoom, Amazon... others I will not share here. I feel I have as a physician very specific epidemic ...
by lowndes
Sat Mar 28, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: If you have a secure, well-paying job and cash-heavy, would a recession be a good thing?
Replies: 92
Views: 7011

Re: If you have a secure, well-paying job and cash-heavy, would a recession be a good thing?

Iorek wrote: Sat Mar 28, 2020 10:09 am No a recession is never a good thing. End of story
Agree - seeing friends/family/neighbors suffer is never fun no matter what my personal financial situation is.
by lowndes
Thu Mar 26, 2020 7:29 pm
Forum: Investing - Theory, News & General
Topic: How much (or little) do u talk to/teach others about finances
Replies: 36
Views: 1786

Re: How much (or little) do u talk to/teach others about finances

Zero in person. I read on here but do not post much.
by lowndes
Thu Mar 26, 2020 7:20 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation of Stock Picking during market crash
Replies: 48
Views: 2915

Re: How to avoid temptation of Stock Picking during market crash

I don't - I bought individual stocks for the first time in my life last week (Exxon and Marriott). I did this with some cash I had on the sidelines and I liked what I saw in those companies. I plan to own them until they reach a certain threshold and then sell them and move them over into my regular...
by lowndes
Thu Mar 26, 2020 5:57 pm
Forum: Non-US Investing
Topic: Bear 2020 Like Bear 1987?
Replies: 6
Views: 881

Re: Bear 2020 Like Bear 1987?

bigred77 wrote: Thu Mar 26, 2020 5:45 pm If then next 13 years are similar to 1987 - 2000 then just go ahead and sign me up right now.
I'd take 1987 - 2020 again, retire and call it a day.
by lowndes
Thu Mar 26, 2020 5:38 pm
Forum: Personal Investments
Topic: Locking in gains
Replies: 17
Views: 1770

Re: Locking in gains

Others (certainly the minority on here) believe that you can read what is going on and get in and out of the market. If one is confident that the market is going to go down from here then that seems like a logical approach irrespective of what their current allocation is (I just have never had such...
by lowndes
Thu Mar 26, 2020 4:36 pm
Forum: Personal Investments
Topic: Locking in gains
Replies: 17
Views: 1770

Re: Locking in gains

It really isn't just semantics. Most on here believe you can't time the market, etc. I put myself in that camp and simply buy and hold and maintain my allocation for the long term. Others (certainly the minority on here) believe that you can read what is going on and get in and out of the market. If...
by lowndes
Thu Mar 26, 2020 3:23 pm
Forum: Personal Investments
Topic: Locking in gains
Replies: 17
Views: 1770

Re: Locking in gains

it feels This seems Basically any thought or sentence that includes these words is meaningless and should be dropped/ignored. No matter what you think or feel, you don't know what the future holds. I was at an overall allocation that I was ok with. This is now proven to be wrong. You need to reeval...
by lowndes
Tue Jul 18, 2017 9:59 pm
Forum: Personal Consumer Issues
Topic: Comfortable Vehicle Front Seats
Replies: 105
Views: 23442

Re: Comfortable Vehicle Front Seats

Range Rover - by far most comfortable car I've had.
by lowndes
Tue Jul 18, 2017 8:54 pm
Forum: Personal Investments
Topic: cost basis for certificated shares from 1990 - and 3 splits since
Replies: 15
Views: 1922

Re: cost basis for certificated shares from 1990 - and 3 splits since

The split should be reflected on the books and records of the transfer agent. I'd check there to confirm it has been reflected properly. So the first split was 2 for 1 in the year 2001 -- would you expect that they would have credited my account with 336 more shares in book form, and my certificate...
by lowndes
Tue Jul 18, 2017 3:03 pm
Forum: Personal Investments
Topic: cost basis for certificated shares from 1990 - and 3 splits since
Replies: 15
Views: 1922

Re: cost basis for certificated shares from 1990 - and 3 splits since

The split should be reflected on the books and records of the transfer agent. I'd check there to confirm it has been reflected properly.
by lowndes
Mon Jul 17, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: How Much Would You Spend on a Blender?
Replies: 47
Views: 5921

Re: How Much Would You Spend on a Blender?

I'd spend whatever a Vitamix costs these days. I bought one about five years ago and my wife and I use it daily. Based on the things we make it is far superior to any "cheap" blender we have had to use while traveling, etc.
by lowndes
Wed Jul 12, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 11212

Re: Do you consider business travel to be a perk or a burden?

I've always found business travel a major burden even though I usually fly first class, go to major cities and stay at five star hotels with work. I'll always prefer to be home with my family and wouldn't even consider a job if it required me to travel frequently. Fortunately my current job doesn't ...
by lowndes
Mon Jul 10, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 67
Views: 8634

Re: Dave Ramsey's advice on investing?

Here's a Ramsey rant I found on youtube (that I found when I did a search on this forum). Dave says its just "math nerds" who get caught up in the issue with fees. He gets quite upset when discussing this. https://www.youtube.com/watch?v=mHkXjEOQ7aU&list=UU7eBNeDW1GQf2NJQ6G6gAxw Wow, ...
by lowndes
Sat Jul 08, 2017 12:15 pm
Forum: Personal Investments
Topic: Fidelity, Vanguard or Schwab? I need to choose.
Replies: 62
Views: 21510

Re: Fidelity, Vanguard or Schwab? I need to choose.

I use Schwab for everything but my 401k which is at Vanguard. I'm a huge fan of their customer service and since I just use three funds to create my portfolio they have everything I need.
by lowndes
Fri Jul 07, 2017 2:07 pm
Forum: Investing - Theory, News & General
Topic: Boglehead mentality re todays oil price
Replies: 85
Views: 8837

Re: Boglehead mentality re todays oil price

OP, you know the answer and have answered your own question. It's a speculation play. Do you know enough to speculate? This is the same thing as one of those "I know you're not supposed to market time, BUT aren't things obviously different right now?" No, they're not obviously different o...
by lowndes
Fri Jul 07, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: Boglehead mentality re todays oil price
Replies: 85
Views: 8837

Re: Boglehead mentality re todays oil price

OP, you know the answer and have answered your own question. It's a speculation play. Do you know enough to speculate? This is the same thing as one of those "I know you're not supposed to market time, BUT aren't things obviously different right now?" No, they're not obviously different o...
by lowndes
Thu Jul 06, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 35
Views: 4369

Re: When should I exercise my incentive stock options?

I want to hold them for a year after exercise so that I can sell them with long term capital gains instead of a short term capital gains. Also, AMT will be triggered whenever I exercise, so if the share price keeps growing, the tax I pay at exercise will keep growing as well. The risk of holding th...
by lowndes
Thu Jul 06, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 35
Views: 4369

Re: When should I exercise my incentive stock options?

There is a lockup clause that prevents those options or the shares obtained through exercise from being sold for a period of 6 months after the IPO. This is fairly standard in the industry. Yes, it's fairly standard for management, selling stockholders, directors and major shareholders. I t's a bit...
by lowndes
Thu Jul 06, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 35
Views: 4369

Re: When should I exercise my incentive stock options?

There is a lockup clause that prevents those options or the shares obtained through exercise from being sold for a period of 6 months after the IPO. This is fairly standard in the industry. Yes, it's fairly standard for management, selling stockholders, directors and major shareholders. It's a bit ...
by lowndes
Thu Jul 06, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 35
Views: 4369

Re: When should I exercise my incentive stock options?

The company I work for went public some time ago. My options just vested but are still restricted. The options are about $60K in the money right now. The stock price has fluctuated since the IPO. Its hard to say whether it will go up or down as is the case for all stocks. If I were to exercise the ...
by lowndes
Wed Jul 05, 2017 2:49 pm
Forum: Personal Investments
Topic: 45yo 18M portfolio, best way to grow?
Replies: 47
Views: 8172

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

Thanks Aristotelian and David. My spouse and I started working 20 years ago, paid off the student loans and started saving and building a portfolio. We were lucky to have good paying jobs and made a few investment decisions correctly, among many mistakes in stocks and options. I agree the portfolio...
by lowndes
Wed Jul 05, 2017 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 192
Views: 20308

Re: Seeking advice on 1.2m house purchase

I noticed that most of you are not accounting for the 50k stocks that vest every year and therefore are sellable. Is there a reason why? Stocks are volatile l agree.. Though I work for one of the FANG companies where if the market goes down you get more stocks to compensate so that the target compe...
by lowndes
Wed Jul 05, 2017 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 192
Views: 20308

Re: Should I buy a 1.2-1.3M house and how to minimize taxes?

I think this is a bit out of your budget.
by lowndes
Tue Jul 04, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 133
Views: 16407

Re: What do you splurge on?

We splurge on vacations as with little children spending a little extra really makes the experience better for everybody. I also love to heli ski which is certainly a splurge. Finally, I'd agree I buy nice shoes as they last forever (just get them resoled) along with bespoke suits as again I need fe...
by lowndes
Tue Jul 04, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 63613

Re: What's the ideal safe retirement net worth target?

My wife and I live in the Bay Area where the cost of living is about as high as it gets.When we start taking SS in a few years,about 5000 a month when we both are 70,it will cover all of our basic living expenses.Our house is paid off of course. I have no idea how people need 3 to 10 million in inv...
by lowndes
Tue Jul 04, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 63613

Re: What's the ideal safe retirement net worth target?

I think there are a lot of assumptions that go into the 25x model. For one it assumes people will live off about 75% of their pre retirement income and live to mid 80's. This may sound envious and it is not, but I frankly don't care much about people who need 10 million to retire. That assumes a li...
by lowndes
Tue Jul 04, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: What is the best way to do 60/40 in a taxable account I only have taxable to work with
Replies: 24
Views: 2511

Re: What is the best way to do 60/40 in a taxable account I only have taxable to work with

In my taxable I have a total stock, total international and muni bond (which is also what would be considered my emergency fund). Easy to maintain. Do you pay state taxes on muni bonds? I live in Texas so no state taxes for me. Depending on where you live I believe the answer is yes so if you lived...
by lowndes
Tue Jul 04, 2017 9:54 am
Forum: Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 3443

Re: Preferred Stock

Cheyenne wrote:
Otherwise it is unfortunately a fairly illiquid security as above poster mentioned.
By illiquid do you mean no broker would sell it or do you mean they would list it and just wait for a buyer?
Probably both - that said I'd be surprised if bank won't buy it back.
by lowndes
Tue Jul 04, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: What is the best way to do 60/40 in a taxable account I only have taxable to work with
Replies: 24
Views: 2511

Re: What is the best way to do 60/40 in a taxable account I only have taxable to work with

In my taxable I have a total stock, total international and muni bond (which is also what would be considered my emergency fund). Easy to maintain.
by lowndes
Tue Jul 04, 2017 9:07 am
Forum: Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 3443

Re: Preferred Stock

I see. That explains why there are 2 stock prices listed in different places. Do you think the bank would buy the shares back? If not, we did find this name on an old dividend statement: Continental Stock Transfer & Trust Company in New York. Would that be the broker to contact? Thanks. It's po...
by lowndes
Tue Jul 04, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 63613

Re: What's the ideal safe retirement net worth target?

I think there are a lot of assumptions that go into the 25x model. For one it assumes people will live off about 75% of their pre retirement income and live to mid 80's. This may sound envious and it is not, but I frankly don't care much about people who need 10 million to retire. That assumes a li...
by lowndes
Tue Jul 04, 2017 8:50 am
Forum: Personal Consumer Issues
Topic: Unique adventure trip ideas - sailing?
Replies: 14
Views: 2147

Re: Unique adventure trip ideas - sailing?

take a look at NOLS (National Outdoor Leadership School). They have a lot of great trips for all sorts of different adventures/age groups. Here is a link to their sailing courses that are under 14 days: https://www.nols.edu/en/coursefinder/course_search/?category=Prime+-+Adult+Courses&skills=Sai...
by lowndes
Tue Jul 04, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Newest Boglehead Millionaire
Replies: 23
Views: 5177

Re: Newest Boglehead Millionair

Congrats, on reaching that initial goal! Best of luck as you keep moving forward!
by lowndes
Tue Jul 04, 2017 6:22 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 63613

Re: What's the ideal safe retirement net worth target?

I think there are a lot of assumptions that go into the 25x model. For one it assumes people will live off about 75% of their pre retirement income and live to mid 80's. This may sound envious and it is not, but I frankly don't care much about people who need 10 million to retire. That assumes a li...
by lowndes
Mon Jul 03, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: Lastpass anyone use it?
Replies: 31
Views: 5293

Re: Lastpass anyone use it?

Been using it for a month or so and love it.
by lowndes
Mon Jul 03, 2017 5:54 pm
Forum: Personal Investments
Topic: Why Isn't a Taxable Account Considered Part of an Emergency Fund?
Replies: 24
Views: 3159

Re: Why Isn't a Taxable Account Considered Part of an Emergency Fund?

My emergency fund is in my taxable brokerage account. Works for me but others might be uncomfortable with approach. Yeah, but is it individual stocks, a CD, gold coins ? A taxable brokerage account can contain almost anything. It's a three fund portfolio consisting of index funds (total stock, inte...
by lowndes
Mon Jul 03, 2017 5:43 pm
Forum: Personal Investments
Topic: Why Isn't a Taxable Account Considered Part of an Emergency Fund?
Replies: 24
Views: 3159

Re: Why Isn't a Taxable Account Considered Part of an Emergency Fund?

As a relatively new investor in my young 20s, can someone tell me why investing in a taxable individual brokerage account is not commonly considered part of an emergency fund? It seems if I needed to, I could withdraw money from a brokerage account relatively easily. Sure I might incur short term c...
by lowndes
Mon Jul 03, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Which financial option -- A or B?
Replies: 26
Views: 2125

Re: Which financial option -- A or B?

I would go with A
by lowndes
Mon Jul 03, 2017 4:31 pm
Forum: Personal Investments
Topic: Help me understand this preferred stock
Replies: 11
Views: 1762

Re: Help me understand this preferred stock

What exactly are you trying to understand? Here is a link to prospectus supplement for one of them which describes the various features of the preferred issuance (pages S-22 to S-30): https://www.sec.gov/Archives/edgar/data/823277/000104746915000230/a2222731z424b2.htm Is there anything specific you ...
by lowndes
Mon Jul 03, 2017 4:26 pm
Forum: Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 3443

Re: Preferred Stock

going private transaction a few years back Yes, I think that's what happened. They didn't like the new regulations (at that time) of having common stock. Thanks Yes, press release said they wanted to reduce costs by no longer making SEC filings because of Sarbanes Oxley. Fairly common for really sm...
by lowndes
Mon Jul 03, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Need help progressing in life after a massive setback
Replies: 35
Views: 7836

Re: Need help progressing in life after a massive setback

Hey guys, I appreciate all of the feedback and I hope it continues to pour in. So I wouldn't say I really have any existing health issues mental or physical at this point, that entire episode was over 2 years ago now, I was working in a heavily social industry/position which required a lot of very ...
by lowndes
Mon Jul 03, 2017 4:12 pm
Forum: Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 3443

Re: Preferred Stock

Cheyenne wrote:
Can you give the bank or ticker symbol?
NEFB

Neffs Bank
I would dump it as it looks like the Preferred was only issued to small shareholdes in connection with a going private transaction a few years back (hence why it might have a lower yield).