Search found 93 matches

by lowndes
Tue Jul 18, 2017 9:59 pm
Forum: Personal Consumer Issues
Topic: Comfortable Vehicle Front Seats
Replies: 105
Views: 20904

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: Investing - Help with Personal Investments
Topic: cost basis for certificated shares from 1990 - and 3 splits since
Replies: 15
Views: 1485

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: Investing - Help with Personal Investments
Topic: cost basis for certificated shares from 1990 - and 3 splits since
Replies: 15
Views: 1485

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: 4438

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: 9891

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: 57
Views: 6033

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, he is fairly r...
by lowndes
Sat Jul 08, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Vanguard or Schwab? I need to choose.
Replies: 62
Views: 17439

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: 8182

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 or oil pric...
by lowndes
Fri Jul 07, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: Boglehead mentality re todays oil price
Replies: 85
Views: 8182

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 or oil pric...
by lowndes
Thu Jul 06, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 34
Views: 3598

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: 34
Views: 3598

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: 34
Views: 3598

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: 34
Views: 3598

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: Investing - Help with Personal Investments
Topic: 45yo 18M portfolio, best way to grow?
Replies: 47
Views: 7684

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: 17274

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: 17274

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: 14665

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: 52707

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: 52707

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: 2059

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: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 2978

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: 2059

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: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 2978

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 possib...
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: 52707

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: 1846

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=Sailing...
by lowndes
Tue Jul 04, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Newest Boglehead Millionaire
Replies: 23
Views: 4829

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: 52707

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: 4536

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: Investing - Help with Personal Investments
Topic: Why Isn't a Taxable Account Considered Part of an Emergency Fund?
Replies: 24
Views: 2723

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: Investing - Help with Personal Investments
Topic: Why Isn't a Taxable Account Considered Part of an Emergency Fund?
Replies: 24
Views: 2723

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: 1880

Re: Which financial option -- A or B?

I would go with A
by lowndes
Mon Jul 03, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand this preferred stock
Replies: 11
Views: 1465

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: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 2978

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: 7405

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: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 2978

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).
by lowndes
Mon Jul 03, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Suggesting to a parent to leave Edward Jones
Replies: 23
Views: 3352

Re: Suggesting to a parent to leave Edward Jones

Thanks all, appreciate all of the responses. My mom seems to be open to learning about these things (I mentioned the books I bought this morning) and I'm not forcing her to leave her FA, choosing her asset allocation, etc. but want to make sure she understands her options and she can choose what way...
by lowndes
Mon Jul 03, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 52707

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

As everybody said it's different for everybody but my personal goal in today's dollars is $10mm with fully paid for primary home and vacation home. This is equal to $300k a year at a 3% withdrawal rate.
by lowndes
Mon Jul 03, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 2978

Re: Preferred Stock

OTC Latest close: $340.00 52 week range: $287.00 - $351.00 Yield: 2.26% I can provide the ticker symbol and bank name if needed. Can you give the bank or ticker symbol? Most preferred stocks, especially ones of smaller companies that might trade OTC, would typically pay a much higher yield than 2.2...
by lowndes
Mon Jul 03, 2017 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Suggesting to a parent to leave Edward Jones
Replies: 23
Views: 3352

Re: Suggesting to a parent to leave Edward Jones

Thanks all, I appreciate the replies. I purchased two of the bogleheads book this morning for my mom and just presented them as an explanation as to why I decided to not use a financial advisor and go the DIY route. Next time I see her in person hopefully we can discusd our ideas together and as a p...
by lowndes
Sun Jul 02, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Rich Inlaws - Buy Us a House and Let Us Live Rent Free/Cheap?
Replies: 28
Views: 3301

Re: Rich Inlaws - Buy Us a House and Let Us Live Rent Free/Cheap?

My father in law is quite wealthy. So far he's been reluctant to give any of his wealth to his two children (including my wife) -- I suppose with the thought being that he will convey his wealth to his children upon his death. My wife and I have been working hard for the past nine years in big law ...
by lowndes
Sun Jul 02, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Suggesting to a parent to leave Edward Jones
Replies: 23
Views: 3352

Suggesting to a parent to leave Edward Jones

My mother uses Edward Jones and has been hounding me to see a financial advisor and so I decided to meet with hers amongst three others over the past month. These were a bit eye opening (especially the Edward Jones meeting with my moms actual advisor) and reaffirmed that I would never go that route ...
by lowndes
Sun Jul 02, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Stock options & Backdoor Roth
Replies: 5
Views: 505

Re: Stock options & Backdoor Roth

But if your tech startup alllows you to make additional investments you can make that through your IRA and backdoor it If the company is not yet publicly owned, it will be difficult to find a custodian to handle your "alternative investments". True, but some do it. I worked on an IPO a few years ba...
by lowndes
Sun Jul 02, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Stock options & Backdoor Roth
Replies: 5
Views: 505

Re: Stock options & Backdoor Roth

Hi all. I just accepted a new job at a tech startup. As part of my package I am to receive substantial stock options. The company is still private and the options start to vest after a 1 year cliff. Is it possible for me to move some of these stock options into a tIRA then backdoor them into a Roth...
by lowndes
Sun Jul 02, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: What are your health insurance stats?
Replies: 89
Views: 7771

Re: What are your health insurance stats?

Premium: $1100 paid by me, $1300 paid by employer (family of five)
Deductible: $1500 per person, $4500 for family. $6000 max out of pocket (plus deductible so really $10500)
State: Texas
Age: 33 year old male
Plan: PPO
by lowndes
Sat Jul 01, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about lending money to parents to make money - Good or bad idea?
Replies: 34
Views: 2118

Re: Thinking about lending money to parents to make money - Good or bad idea?

My parents have about 150k left on their mortgage at a 3.75% interest. I have lent them 25k before in cash which they have paid me off with 10% interest. I am wondering if I can lend them 50k to pay off their mortgage early as an offer. How much interest can I charge to match the 3.75%? I assume I ...
by lowndes
Fri Jun 30, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving big law for public interest- how to save/allocate 1 year of salary the best way to prep for this
Replies: 10
Views: 1546

Re: Leaving big law for public interest- how to save/allocate 1 year of salary the best way to prep for this

I agree, I'd start living off of what you expect your public interest salary to be and use the difference to pay off debt. Once the debt is paid off then make the switch. I'm currently a big law associate and from your husbands pay it sounds like he is probably a 3rd or 4th year. Those were the wors...
by lowndes
Fri Jun 30, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 9084

Re: Those who max 401k

I don't understand. Do you mean why not have another Ira on the side with $5k/year? The maximum 401k is $18k. The $18k (24k, if age 50 or over) is the maximum Tax-deferred contribution limit. The IRS allows up 54k (60k, if age 50 or over) to be contributed (combined employee + employer) to a 401k. ...
by lowndes
Fri Jun 30, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 9084

Re: Those who max 401k

Also worth checking if 401k contributions are taken out of your bonus. I know they are not taken out of my bonus.
by lowndes
Fri Jun 30, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 9084

Re: Those who max 401k

I max it out with my first paycheck each year to frontload but my employer does not offer a match. Next year I'll be doing a % of my pay to spread it over 12 months as I'm likely to change jobs to an employer with a match. And yes (at least with my 401K) once you reach the $18,000 limit contribution...
by lowndes
Fri Jun 30, 2017 8:15 am
Forum: Personal Consumer Issues
Topic: Best cars for multiple kids
Replies: 51
Views: 4711

Re: Best cars for multiple kids

Minivans and other 3 row vehicles have their place, but I don't get why people are recommending them. Maybe people didn't read the OP carefully enough. The child they are expecting is only their 3rd. Therefore they don't need a 3 row vehicle. Of course they can get a full size 50-seater bus if they...