Search found 930 matches

by Flashes1
Wed Jul 29, 2020 8:17 am
Forum: Personal Investments
Topic: High Earner, Timid Investor
Replies: 8
Views: 1415

Re: High Earner, Timid Investor

Lots more acute posters around here, but I think the general consensus will be to ditch the adviser, sell the individual stocks - but absolutely sell the ones with losses for tax purposes. And the sooner the better. Every poster on this board has made poor investment decisions - and it's best to own...
by Flashes1
Fri Jul 24, 2020 7:52 am
Forum: Personal Consumer Issues
Topic: Screened in porch - Yay or Nay
Replies: 41
Views: 3050

Re: Screened in porch - Yay or Nay

One of the best things of a screened porch is that it allows you to keep your door to the house open without bugs getting in. Additionally, when the mosquitos get bad this time of year, I retreat from my patio to my screened in porch. I've learned that house improvements aren't for resale value - es...
by Flashes1
Tue Jul 21, 2020 12:02 pm
Forum: Investing - Theory, News & General
Topic: how does investment banks avoid conflict of interest?
Replies: 19
Views: 927

Re: how does investment banks avoid conflict of interest?

I think the China Wall is a pretty effective barrier. It's easy to keep them separate on an Org Chart with different chains of command and bonus pools (you'd be surprised how different you feel when you're in different groups). Additionally, it's easy to give folks only access to the appropriate com...
by Flashes1
Sat Jul 18, 2020 9:38 am
Forum: Personal Consumer Issues
Topic: Used Bentley Flying Spur
Replies: 16
Views: 2070

Re: Used Bentley Flying Spur

I've been looking at them from afar. The Naples, FL luxury car dealer on Tamiami (sp) always has a couple nice used Bentleys. For approx. $115k, you can get a nice one. I am thinking a used Bentley and Ferrari F430 right at retirement in SWFL - combined $300k. Keep the Ferrari for 5 years - I do wor...
by Flashes1
Wed Jul 15, 2020 1:18 pm
Forum: Personal Consumer Issues
Topic: Landlord expectations: Rats in the yard
Replies: 80
Views: 5695

Re: Landlord expectations: Rats in the yard

Capture them in live traps and drop them off in a part of town that you don't like. :twisted:
by Flashes1
Wed Jul 15, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tesla Model 3/Tesla financial performance
Replies: 58
Views: 3624

Re: Tesla Model 3/Tesla financial performance

What's people's thoughts on buying a 3-4 year old Model S? [*]Any model years to avoid? [*]Where's the best place to buy them? [*]Any good Tesla message boards out there? I could only find fairly non-active ones. [*]How long do the batteries last? I have to admit the look of the "Ipad" on the dash l...
by Flashes1
Wed Jul 15, 2020 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for Golf Ball Through Windshield
Replies: 93
Views: 5800

Re: Liability for Golf Ball Through Windshield

I think the OP did the right thing. I've always wondered who would be responsible for damage to a house caused by an errant golf shot? Ideas? I had a friend that bought an existing house that abutted a golf course fairway. He was told that golf ball hits into windows were "rare". Within six months ...
by Flashes1
Wed Jul 15, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for Golf Ball Through Windshield
Replies: 93
Views: 5800

Re: Liability for Golf Ball Through Windshield

I think the OP did the right thing.

I've always wondered who would be responsible for damage to a house caused by an errant golf shot? Ideas?
by Flashes1
Sat Jul 11, 2020 8:59 am
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 182
Views: 11284

Re: Were You Around During Dotcom Bubble?

The dot.com era ruined me for life, and the only real negative for me is that it kept me out of the next wave of internet stocks like GOOG, FB, AMZN, etc. I'll NEVER forget the run-up to GOOG going public - everyone knew it was a big hit; however, I remember one guy on CNBC who said it would burst l...
by Flashes1
Sat Jul 11, 2020 7:29 am
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 182
Views: 11284

Re: Were You Around During Dotcom Bubble?

I was in my late 20's and didn't have a lot ton in the market, but it was all I had: * What I remember the most was the stock market seemingly doubling every year...."everyone was getting rich." * I largely stayed out of the tech stocks until the bitter end. * I was a big T Rowe Price guy at the tim...
by Flashes1
Fri Jul 10, 2020 11:56 am
Forum: Personal Consumer Issues
Topic: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?
Replies: 153
Views: 7627

Re: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?

My first big splurge after getting my first real job was a Coach wallet. That was almost 30 years ago, and it's still going strong. One of the best buys I've ever made...I think I paid $120 for it.
by Flashes1
Fri Jul 10, 2020 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this [not-yet-a] house? [custom build]
Replies: 2
Views: 552

Re: Can I afford this [not-yet-a] house? [custom build]

You said that you can afford, so step 1 is met. Don't let any Corolla drivers on here tell you how to spend your hard earned money. You are the crème-da-la crème of society....and I say that with respect. You asked should you spend that amount? Only you and your wife know that, but here's my thought...
by Flashes1
Thu Jul 09, 2020 2:01 pm
Forum: Personal Investments
Topic: Business Valuation and Retirement
Replies: 31
Views: 1611

Re: Business Valuation and Retirement

I agree with the other poster that said a 4x EBITDA multiple seems low for a well-run, stable business. I work for a bank that finances such acquisitions - and I see 8x-12x on a regular basis. And yes, the acquirer will calculate their own EBITDA and they will typically include their own "Synergies...
by Flashes1
Tue Jul 07, 2020 2:49 pm
Forum: Personal Investments
Topic: Business Valuation and Retirement
Replies: 31
Views: 1611

Re: Business Valuation and Retirement

I agree with the other poster that said a 4x EBITDA multiple seems low for a well-run, stable business. I work for a bank that finances such acquisitions - and I see 8x-12x on a regular basis. And yes, the acquirer will calculate their own EBITDA and they will typically include their own "Synergies"...
by Flashes1
Mon Jul 06, 2020 8:55 am
Forum: Personal Consumer Issues
Topic: Golf club membership - should I?
Replies: 27
Views: 3356

Re: Golf club membership - should I?

My random thoughts: * Are you high income and save at least the max amount to your 401k and HSA? * Will you and your wife have friends at the club? * Do you think your kids will take up the game in the next few years? * Will your family use the pool & the club's restaurant? * Is the club an "easy" d...
by Flashes1
Mon Jul 06, 2020 7:27 am
Forum: Personal Investments
Topic: Ready to Pull the Trigger on Small Cap Value
Replies: 31
Views: 2191

Re: Ready to Pull the Trigger on Small Cap Value

Reversion to the mean. I'm not sure about the validity of a "small value tilt," however, I do believe that small value stocks are undervalued compared to large cap stocks. Who knows when they will outperform large cap, but it will happen. * I have been a long-time bear on international stocks (for m...
by Flashes1
Tue Jun 30, 2020 9:13 am
Forum: Personal Consumer Issues
Topic: Vacation Rental Refund Disagreement
Replies: 30
Views: 2365

Re: Vacation Rental Refund Disagreement

I would go under the circumstances unless I lived with a Covid high risk person. Pool and ocean are fine - I think you can also do restaurants if you go early enough (I have fairly young kids so we're always the first people there). We went to Destin in late May. We had a great time but again, we we...
by Flashes1
Mon Jun 29, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14184

Re: Hopeless Civil Engineer

What about a part-time job waiting tables on the weekend at a high end steak house? You can earn $100 in tips for each 4-person party (assuming $125/spend per person via a 20% tip).
by Flashes1
Mon Jun 29, 2020 11:53 am
Forum: Personal Investments
Topic: saving for private school
Replies: 10
Views: 1154

Re: saving for private school

If you're in the highest tax bracket I presume private school tuition can be paid-for using excess cash flow (i.e. paychecks). 529's may be worthwhile given your tax bracket; however, the paperwork involved with submitting receipts, etc. may not be worth your time/effort.
by Flashes1
Fri Jun 12, 2020 12:13 pm
Forum: Personal Consumer Issues
Topic: Tipping why % of bill and not flat amount?
Replies: 159
Views: 9310

Re: Tipping why % of bill and not flat amount?

A few points: * I have turned over a new leaf and have started to often times tip the folks taking my to-go order. I figure they're risking their health in the era of Covid to hand me my food? The least I can do is give them a couple bucks. * I really liked a prior poster's philosophy of tipping the...
by Flashes1
Wed May 20, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: At 30, what are some key financial milestones I should have hit?
Replies: 51
Views: 4529

Re: At 30, what are some key financial milestones I should have hit?

I would hope that all school debt would have been repaid (unless med school), and you're saving at least 10% to your 401(k), and contributing as much as possible to your Roth.

Start saving for a house (if home ownership is one of your goals).
by Flashes1
Tue May 12, 2020 11:49 am
Forum: Personal Consumer Issues
Topic: Apple Airpods
Replies: 30
Views: 1990

Re: Apple Airpods

I am terrible at technology, but the Airpods are the simplest and most enjoyable piece of tech I've encountered in a long time.
by Flashes1
Thu May 07, 2020 9:37 am
Forum: Personal Investments
Topic: Please help me get out of international
Replies: 64
Views: 3509

Re: Please help me get out of international

If I was getting out of International and wanted to put it into the U.S. I would: * Assuming I have at least a 5 year time horizon - I would put it in U.S. Mid-Cap and/or Small Cap - just from a valuation perspective U.S. Small/Mid Caps are cheaper than the 500 Index. * In the short term (less than ...
by Flashes1
Sun May 03, 2020 12:41 pm
Forum: Investing - Theory, News & General
Topic: [Are American markets likely to outperform INTL]
Replies: 237
Views: 16382

Re: American exceptionalism

Many reasons for American outperformance: * Strong legal protection for companies. I'm not sure if I've seen this listed yet, but it's a huge benefit for American corporations and financial institutions. My bank "risk rates" foreign countries based on how friendly their laws are to banks' ability to...
by Flashes1
Thu Apr 30, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: PPP Loan ethics
Replies: 56
Views: 3865

Re: PPP Loan ethics

I have a customer in the NYC area who got a $5MM "loan" - the owners of the company are collectively billionaires - their business has picked up due to the Wuhan virus. It doesn't have to be repaid if they keep employees. They hired top attorneys to walk them thru the application process. Giveaways ...
by Flashes1
Wed Apr 29, 2020 4:27 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 12980

Re: What explains the continued rise in equities?

It sounds like somebody might be sitting on a pile of cash trying to time when to put it in equities.

If you have a +10 year perspective, why do you care about what the market's done in the past 10 trading days? The market doesn't care if you think it's overvalued.
by Flashes1
Wed Apr 29, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 12980

Re: What explains the continued rise in equities?

"Who can explain it? Who can tell you why? Fools give you reasons; wise men never try." --Oscar Hammerstein, "Some Enchanted Evening," from South Pacific . A lot of the people on this particular thread claim to know quite a bit. Seriously. Remarkable to see so many posters claiming to understand th...
by Flashes1
Wed Apr 29, 2020 12:40 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 12980

Re: What explains the continued rise in equities?

I think the market's seeing a slow reopening of the economy which is beneficial to equities. Additionally, there could be folks on the sidelines waiting to get back in, and the prospects of owning bonds at very low interest rates is not always optimal for some people.
by Flashes1
Mon Apr 27, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7436

Re: How do you explain no COVID19 Stimulus Payment?

If people don't know you make a lot of money and you want to keep it that way then be evasive as others have said.

If you're like us, and everyone knows you make a lot of money due to your jobs, then no one's going to ask you! :moneybag
by Flashes1
Thu Apr 23, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10247

Re: physician/APC pay cuts

I'm married to a physician and have a corporate banking background so I see both sides: * Money doesn't grow on trees. If a hospital is losing money and "burning" cash they have major financial problems. * My experience with my wife & her colleagues is they are very smart with medical issues, but th...
by Flashes1
Thu Apr 16, 2020 11:26 am
Forum: Investing - Theory, News & General
Topic: Do most Bogleheads TLH?
Replies: 55
Views: 3371

Re: Do most Bogleheads TLH?

It's not worth the hassle to me. I'm in the accumulation stage with automatic monthly investments in TSM over the past 8 years - so I shudder to think of the tax mess it would create.
by Flashes1
Thu Apr 16, 2020 11:21 am
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7649

Re: Retirees: what are you doing with all the home equity?

I look at the value of home equity as a potential source of liquidity in retirement. It's the source for the absolute last need for money to pay bills. Additionally, it's what I hope to leave my kids. We will receive inheritance and I would feel embarrassment if we didn't "pay it forward" to the nex...
by Flashes1
Mon Apr 13, 2020 5:28 pm
Forum: Investing - Theory, News & General
Topic: What's behind huge layoffs at unicorns?
Replies: 81
Views: 7905

Re: What's behind huge layoffs at unicorns?

The bigger they are, the harder they fall. There's A LOT of big companies that aren't going to survive this downturn especially if it lasts into July. That doesn't even include the mom & pop companies that have little chance of making it for more than another month. The key is if the Company is cons...
by Flashes1
Fri Apr 10, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: 401k match suspended
Replies: 18
Views: 1837

Re: 401k match suspended

The benefit of at-will employment is the freedom to look for a new job. Anecdotally, if I felt I was being mistreated enough, I would look for another job.
by Flashes1
Wed Apr 08, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: How can a few select banks offer above-market yields?
Replies: 35
Views: 2621

Re: How can a few select banks offer above-market yields?

The poster who said certain banks are "hungry for cash" is 100% true. Many companies took massive defensive draws on their Revolving Lines of Credit the week of March 23 and parked the proceeds as cash on hand until markets stabilize. This money the banks advanced these companies has to come from so...
by Flashes1
Fri Mar 20, 2020 8:30 am
Forum: Personal Investments
Topic: Saw my financial advisor...
Replies: 19
Views: 1939

Re: Saw my financial advisor...

No advisor. I got paid today, and instead of using excess funds to paid-down my mortgage, I put it Total Stock Market Index.

It's a little unsettling, but no way will the TSM NOT outperform the 3.38% interest rate on my mortgage, right? Who knows now! :beer
by Flashes1
Tue Mar 17, 2020 9:25 am
Forum: Personal Investments
Topic: TIAA Real Estate Movement
Replies: 76
Views: 5466

Re: TIAA Real Estate Movement

I have approx. 3.5% of our assets in TIAA RE - I have to say I'm very tempted to transfer it to the S&P 500 Index......just not sure I have the guts.
by Flashes1
Tue Mar 17, 2020 9:21 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 26355

Re: How much you lost/gain since Feb 20,2020 ?

I haven't been able to look at our 401ks - but I'm guessing we're down $350k on $2 million of assets.

All because some folks wanted to eat some bats. :twisted:

2008 was our fault, this isn't our fault.
by Flashes1
Thu Mar 12, 2020 8:37 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4005
Views: 306998

Re: Coronavirus and the market

I know someone who loans money to some of the largest food companies in the world - think beef processing, supermarket chains, and food distributors to restaurants/hotels. There are concerns amongst the money changers. They're not worried about food sales (people still need to eat) but for the first...
by Flashes1
Thu Mar 12, 2020 8:27 am
Forum: Investing - Theory, News & General
Topic: Death of Brick and Mortar, Malls etc.
Replies: 12
Views: 955

Re: Death of Brick and Mortar, Malls etc.

If the toilet paper supplies across this country can be essentially sold-out in a couple weeks imagine what would happen if people get as concerned about food supplies? Good bye Kroger and Albertsons. :P
by Flashes1
Mon Mar 09, 2020 7:52 am
Forum: Investing - Theory, News & General
Topic: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?
Replies: 178
Views: 6046

Re: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?

Europe's native born reproduction rate is too low to buoy economic growth and IMO the immigrant population lacks the skills AND desire to build world class companies like the U.S. has done with its immigrants in the last 30 years. I don't want to invest in Europe. Japan: it's a dying country. I don'...
by Flashes1
Sat Mar 07, 2020 10:48 am
Forum: Investing - Theory, News & General
Topic: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?
Replies: 178
Views: 6046

Re: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?

The world will always need shipping and miners - absolutely, but will those companies' stocks appreciate more rapidly than tech companies' stocks over the next 30 years? As an investor, that's the ONLY thing I care about. Stock prices. My money is on tech stocks outperforming the shippers and miner...
by Flashes1
Sat Mar 07, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?
Replies: 178
Views: 6046

Re: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?

I am overweighted on the U.S. market: * I believe the U.S. will continue to produce more world class tech companies than the rest of the world (particularly Europe which hasn't produced more than a handful over the last 30 years). * The U.S. financial systems are the most sophisticated, well capita...
by Flashes1
Sat Mar 07, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?
Replies: 178
Views: 6046

Re: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?

I also believe Covid-19 is going to be very beneficial to American business by driving more manufacturing back to the USA. China shutting down for a month has presented a new risk to companies whose supply chain might be overly depending on Southeast Asia.
by Flashes1
Sat Mar 07, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?
Replies: 178
Views: 6046

Re: Bogle on International - Do politics, cultures, and demographics inform your int'l allocation?

I am overweighted on the U.S. market: * I believe the U.S. will continue to produce more world class tech companies than the rest of the world (particularly Europe which hasn't produced more than a handful over the last 30 years). * The U.S. financial systems are the most sophisticated, well capital...
by Flashes1
Fri Mar 06, 2020 2:48 pm
Forum: Personal Investments
Topic: Parents retiring with $500k saved - Things look OK?
Replies: 83
Views: 10025

Re: Parents retiring with $500k saved - Things look OK?

My experience is some people just don't care to learn about personal investments and if they're 70 years old and still don't want to and they've said they don't want your help - then they're probably set in their ways.

Give them a couple high level ideas and move on.
by Flashes1
Fri Mar 06, 2020 2:42 pm
Forum: Personal Investments
Topic: On not looking at your statements...
Replies: 29
Views: 2084

Re: On not looking at your statements...

I hunker down in times like these and don't log-in to my 401k - it hurts too much.

I don't sell anything, but I can't look at the losses.
by Flashes1
Fri Mar 06, 2020 2:02 pm
Forum: Personal Investments
Topic: Vanguard Total Stock Market Funds
Replies: 16
Views: 2200

Re: Vanguard Total Stock Market Funds

The only disadvantage I see with the ETF is that I might be tempted someday to trade it because it's like a stock - whereas, I haven't had any thought to sell the mutual fund.
by Flashes1
Fri Mar 06, 2020 1:54 pm
Forum: Personal Investments
Topic: Parents retiring with $500k saved - Things look OK?
Replies: 83
Views: 10025

Re: Parents retiring with $500k saved - Things look OK?

Given how attached they are to the house, let them stay there a couple years after retirement and let them see with their own eyes how much a drag the property taxes are on their finances. That's probably the only way they're going to accept it.
by Flashes1
Thu Mar 05, 2020 1:36 pm
Forum: Personal Investments
Topic: AAL stock
Replies: 12
Views: 654

Re: AAL stock

I say go for it! There's a lot more wasteful things to spend your money on, but I'd suggest keeping it less than 5% of your investable assets.