One thing to look out for if you are installing Yosemite on an external disk it that the Yosemite installer may completely hide the older startup disk which your current system resides on and this will be true in Terminal, the Startup disk preference app (In the installer's apple menu) as well as in the optional startup disks shown when holding down the "alt"-key during startup.oblique strategies wrote: You can install Yosemite on an external drive or a separate partition on your computer:
http://www.macworld.com/article/2690806 ... emite.html
In this latter case, If you boot up from your Mavericks (or older) recovery partition instead (which normally is among the options), the older drive will be visible in the Startup disk preference app available there.