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Re: Marginal benefit of spending more on car

Following this analysis, I start to think that I might as well spend $100k on a car because the money isn't doing me any good just sitting there and piling up. But then I ask myself "really how much better is the $100k car, surely I shouldn't spend money so frivolously"... hence this thre...
by HomerJ
Fri Apr 24, 2015 9:31 pm
 
Forum: Personal Consumer Issues
Topic: Marginal benefit of spending more on car
Replies: 67
Views: 4730

Re: Concentrated Bet ... not bad after all ?

John3754 wrote:Don't confuse outcome with strategy.


This,

You could bet it all on black at the roulette table and double your money in 1 minute....

Even if it works, that doesn't mean that was a good strategy.
by HomerJ
Fri Apr 24, 2015 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Concentrated Bet ... not bad after all ?
Replies: 6
Views: 547

Re: Should I apply for manager's job or continue as a techie

To the OP..... double edged sword, you get more control (sometimes) and more $$ but have more political stuff to deal with. Some people love that stuff. See, that's the problem, as a front-line manager, you don't get a lot of control, but you get all the responsibility for the decisions made above ...
by HomerJ
Fri Apr 24, 2015 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I apply for manager's job or continue as a techie?
Replies: 92
Views: 4458

Re: Should I apply for manager's job or continue as a techie

As for if you'll like it, plenty of folks have moved in and out of management. The transition seems to be way easier in the tech space and most sane folks get the concept that first time managers may realize they'd rather be doing the day-day. Since the opportunities there, it's probably at least e...
by HomerJ
Fri Apr 24, 2015 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I apply for manager's job or continue as a techie?
Replies: 92
Views: 4458

Re: Should I apply for manager's job or continue as a techie

I made the move to management 8 years ago and have doubled my salary and have excellent long term incentives. . Sure there's additional work and headaches but if you delegate, lead well and hire the right people it can be a very rewarding experience. Once you hit the management ranks there are many...
by HomerJ
Fri Apr 24, 2015 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I apply for manager's job or continue as a techie?
Replies: 92
Views: 4458

Re: Marginal benefit of spending more on car

FYI, I have heated seats in my $15,000 2009 Honda Civic, and radio controls on the steering wheel, so you don't really need to upgrade to a Infiniti, etc. for stuff like that anymore. I saw a commercial that says rear-cameras are now standard in 2015 Honda Civics as well, so in 3 years when I buy a ...
by HomerJ
Thu Apr 23, 2015 4:00 pm
 
Forum: Personal Consumer Issues
Topic: Marginal benefit of spending more on car
Replies: 67
Views: 4730

Re: Marginal benefit of spending more on car

That 15k would pay for 1500 hours with a trainer, 3000 hours of art classes, two family trips overseas, seven family trips in state at 300 a night hotels, 1500 albums, six of every us silver eagle ever made, 2000 ebooks, 1600 massages, ten pieces of fine jewelry, five paintings, seven new camera ki...
by HomerJ
Thu Apr 23, 2015 10:06 am
 
Forum: Personal Consumer Issues
Topic: Marginal benefit of spending more on car
Replies: 67
Views: 4730

Re: What's your average monthly expense???

So now if I take all lower bound, then it gets $3706, if I take upper one, then it becomes: $4056 :dollar . On an average it generally goes between $3700 - $4200 :oops:. Does it look normal? :confused So in which category I am expending more than usual? What's your usual expense in those categories...
by HomerJ
Wed Apr 22, 2015 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 7563

Re: Expert Tips on Building Wealth for Forty Somethings

Number 6 was the secret to our success... Save 50% of every raise to avert 100% lifestyle creep. Lifestyle still gets better as the promotions and raises come in (so this method is not painful at all), but savings rate goes up even faster. When I married my wife, I made $30k a year, and she made $60...
by HomerJ
Wed Apr 22, 2015 10:59 am
 
Forum: Investing - Theory, News & General
Topic: Expert Tips on Building Wealth for Forty Somethings
Replies: 11
Views: 2734

Re: Two Tiered Annuity: What should we do with it?

The balance is $65,000 on the top tier it's return is 6%. FYI, the "rate of return" is a meaningless number unless you also know the annuity rate when you turn it into an income stream... Most annuities will "guarantee" 6% or 7% returns on your money, but you're not actually get...
by HomerJ
Wed Apr 22, 2015 10:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Two Tiered Annuity: What should we do with it?
Replies: 11
Views: 593

Re: Car for teenager

Eventually the entire headliner started sagging so low that I ripped it all out, plus the insulation, so that the interior roof of the car was the metal shell. Heh, I had to do the same thing for my first car (197x Chevy Nova)... Paid $500 for it, and put a $400 stereo in it... ($900 in 1986 was so...
by HomerJ
Tue Apr 21, 2015 10:38 am
 
Forum: Personal Consumer Issues
Topic: Car for teenager
Replies: 52
Views: 2653

Re: Car for teenager

Our first daughter, we bought her a Honda Accord with 180,000 miles on it... It actually lasted 5 years (1 year of high school, 4 years of college). Our second daughter got to inherit my old Honda Civic with only 100,000 miles on it... It's up to 150,000 miles, but she's still driving it today (she ...
by HomerJ
Tue Apr 21, 2015 10:25 am
 
Forum: Personal Consumer Issues
Topic: Car for teenager
Replies: 52
Views: 2653

Re: Car for teen ager

I am wrestling with the same issue. Although I trust my children, I believe all people, especially young drivers, believe they are better drivers than they are. I also believe there are many bad drivers on the road today. It's hard to convey that it's better to be safe than right to a teenager. For...
by HomerJ
Tue Apr 21, 2015 10:16 am
 
Forum: Personal Consumer Issues
Topic: Car for teenager
Replies: 52
Views: 2653

Re: One Spouse Outearning the Other?

My wife has always out-earned me. A good 50% more, many years...

I highly recommend it. :)


(I really cannot understand anyone who would be upset by this)
by HomerJ
Mon Apr 20, 2015 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: One Spouse Outearning the Other?
Replies: 64
Views: 5219

Re: Taking stock at midlife financially

Hello all I have been a reader for some time on this forum, but this is my first post. I am in my mid forties and at a point where I have been working for 20+ years - started working right after college. I have a net worth of around 1.5 MM not including my home. I have around 50K of mortgage left o...
by HomerJ
Sun Apr 19, 2015 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taking stock at midlife financially
Replies: 20
Views: 3400

Re: engineers - please help with engineering school selectio

State Engineering school is incredibly painful, even for smart kids. It is not exaggerating to say it is 4 years of hell. Who do you want designing your bridges? The guy who coasted through a grade-inflated school where everyone graduates? Or the guy who graduated from a school that failed half the...
by HomerJ
Sat Apr 18, 2015 12:50 am
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 172
Views: 10028

Re: Favorite Boglehead Avatar?

Homer has made me laugh for 25 years. I mean, truly laugh out loud.... That's got to be good for ones health. Marge (to Homer): So you want to go on tour with a traveling freak show. Homer: I don't think I have a choice, Marge. Marge: Of course you have a choice. Homer: How do you figure? Marge: You...
by HomerJ
Thu Apr 16, 2015 3:47 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4771

Re: How does a retired person mitigate a Bond Bubble?

Bonds self-correct... If rates go up, your bond fund may drop in value, but now you're getting more each month because interest rates are higher... Rates go up 1%, bond fund value drops 5%, but that same year you collect 3.2% in dividends... Next year, rates go up 1% again, you lose another 5% in va...
by HomerJ
Thu Apr 16, 2015 1:47 pm
 
Forum: Investing - Theory, News & General
Topic: How does a retired person mitigate a Bond Bubble?
Replies: 46
Views: 5735

Re: Anxiety about market fluctuations

we added going to the local playhouse 5 or 6 times a year, a bit nicer vacation then in the past, eating out a bit more, paying for some services instead of doing them, etc. Most things we can reverse if required. This is the trick I think... Don't go out and buy a bigger house or a better car... S...
by HomerJ
Thu Apr 16, 2015 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Anxiety about market fluctuations
Replies: 13
Views: 1132

Re: Vehicle for tall people/Spouse wants 50k car help!

Not a chance in the world of my wife buying a minivan right now. They are very comfortable and awesome on long trips... I drove to Orlando from Kansas City in a minivan with two small children, and there was room to put a cooler and a bunch of books and toys between their two captain's chairs in th...
by HomerJ
Wed Apr 15, 2015 5:40 pm
 
Forum: Personal Consumer Issues
Topic: Vehicle for tall people/Spouse wants 50k car help!
Replies: 77
Views: 5529

Re: Vehicle for tall people/Spouse wants 50k car help!

One word... Minivan.

Okay, more words: Cheaper and more comfortable with 3 kids than a SUV. Make sure to get captain chairs in the second row, not a bench seat. So it's not cool. Cool is not worth an extra $20k.
by HomerJ
Wed Apr 15, 2015 5:31 pm
 
Forum: Personal Consumer Issues
Topic: Vehicle for tall people/Spouse wants 50k car help!
Replies: 77
Views: 5529

Re: PIMCO Total Return - half cash?

Maynard F. Speer wrote:With a strong US dollar and weakening Euro, there are probably better returns to be had betting on currency movements than going long on bonds right now ..


Unless you guess wrong.

And PIMCO has shown that they can guess wrong sometimes just as well as anyone else with a PhD.
by HomerJ
Wed Apr 15, 2015 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: PIMCO Total Return - half cash?
Replies: 10
Views: 1386

Re: Is it ok to NOT have significant taxable investments?

Well, if you want to retire early, it might be a good idea to have some money in taxable...

Or if you want to splurge pre-retirement... :)

My wife and I bought a lake condo with cash last year... couldn't have done that if all our money had been in a tax-deferred account.
by HomerJ
Wed Apr 15, 2015 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it ok to NOT have significant taxable investments?
Replies: 48
Views: 4662

Re: WSJ: You may need less than 80% in retirement

My retirement spending equals 100% of my pre-retirement spending. Well, sure... But the question is about what percentage of your salary do you need to replace? Most of us agree that that is a very silly question, and the question should be "What will your expenses be in retirement?", and...
by HomerJ
Wed Apr 15, 2015 11:24 am
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9042

Re: Finally some good news on retirement

Finally, a common sense article about the reality of post-retirement expenses and their relationship to pre-retirement expenses, and the foolishness of the so-called conventional wisdom that you should plan to replace 80% of your pre-retirement income. I am not retired, and I spend about 55% of my ...
by HomerJ
Mon Apr 13, 2015 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9042

Re: On a budget and Friday night

Sit on the deck with neighbors or family and drink a few beers...

Watch a movie on Netflix or rented from Red-box

Ping-Pong tournament with the wife and/or kids.

Maybe a card game while making dinner.
by HomerJ
Mon Apr 13, 2015 1:27 pm
 
Forum: Personal Consumer Issues
Topic: On a budget and Friday night
Replies: 68
Views: 5098

Re: Anyone semi-retired? What's it like?

I'd love to work part-time, but it seems like working part-time could be dangerous for job security... So I don't really feel comfortable working part-time until I'm financially independent... But once I'm financially independent, why work at all? I plan to retire at 55 (I'm 45 now)... If I could gu...
by HomerJ
Mon Apr 13, 2015 12:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone semi-retired? What's it like?
Replies: 16
Views: 2531

Re: Am I part of the problem??

I worked for a HFT firm for a while as an IT guy... I didn't think I was doing anything wrong... But I must admit I do feel better now that I work for a company that actually MAKES things... For one, it's easier to explain what my company does when people ask me who I work for... (Although our margi...
by HomerJ
Sun Apr 12, 2015 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8723

Re: Cost of College & Weighing the Merits of Top Schools

Graduates from outstanding schools in lower cost of living areas usually stick around and get lower salary in those areas. Yes and might actually have a higher standard of living, due to lower costs and lower taxes. Exactly... I could make 50% more on the coasts, but my housing costs would go up 20...
by HomerJ
Sun Apr 12, 2015 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16732

Re: Prenup

a robust discussion! i like it! thanks for the input everyone. it seems most folk don't think the prenup makes sense in this situation. i am not sure if someone has a definitive answer, but the situation that comes to mind is what if one of the docs stops working after kids come into the picture. a...
by HomerJ
Sun Apr 12, 2015 12:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 5023

Re: Cost of College & Weighing the Merits of Top Schools

People don't want their kids to suffer like they suffered... But, it's usually BECAUSE you suffered, that you are the person you are today... If you protect your children so they never have to suffer, they may miss some of the lessons you learned... You can tell a kid a stove is hot over and over, b...
by HomerJ
Sun Apr 12, 2015 12:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16732

Re: Prenup

Professor Emeritus wrote:Most of the agreements I have seen are not designed to 'make the partnership work" , that is why they are routinely "sprung" on the weaker party right before a wedding.


You've seen a lot of pre-nup agreements?
by HomerJ
Sat Apr 11, 2015 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 5023

Re: Prenup

OP, if I were you, introduce this hypothetical to your friend. Imagine 10 years from now , your friend is a physician who works 80 hours a week and his wife is a stay-at-home-spouse and he discovers she's been having an illicit affair for months. Would your friend want to be on the hook for thousan...
by HomerJ
Sat Apr 11, 2015 1:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 5023

Re: Hate where we live, do we make major changes?

WNY summers are absolutely awesome. In addition to the great summer weather, Lake Erie, the Niagara River, and Lake Ontario offer plenty of recreation in the summer. I think it's interesting that in the 1800s, most new settlers went for the northern states, because the summers were nice, and the wi...
by HomerJ
Fri Apr 10, 2015 11:08 am
 
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 132
Views: 12272

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

For me, I'd rather live in a LCOL area in CA than in Midwest so I can get a better balance between what kind of life I live now and what I can afford when when I retire. There are LCOL areas in CA? How far is your commute? Anyway, another option for people who live in CA because they hate snow is T...
by HomerJ
Fri Apr 10, 2015 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 11041

Re: Prenup

They seem to be equal...for now. That doesn't mean it will be that way in the future. Things change. Should they consider a prenup? Yes, they should. :moneybag How does that work? It's one thing to write a prenup "This $200k I made before I met you stays mine in case we get a divorce" It'...
by HomerJ
Fri Apr 10, 2015 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 5023

Re: Cost of College & Weighing the Merits of Top Schools

Simpsons quote (Mr. Burns went to Yale for those of you who don't watch the greatest show on television): Burns' First Cellmate: Hiya, pal! I guess we're just two white-collar criminals. Mr. Burns: Oh, thank God. I thought you might be a hardened tattooed criminal. Burns' First Cellmate: Nah, they d...
by HomerJ
Fri Apr 10, 2015 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16732

Re: Cost of College & Weighing the Merits of Top Schools

4) This being a state university, there was no grade inflation, and again the constant attempts to flunk people out. I never knew that at private schools, grade inflation is rampant and they don't try to fail you out. Later on, when I worked with people from Ivys and Stanford, I found myself saying...
by HomerJ
Fri Apr 10, 2015 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16732

Re: Cost of College & Weighing the Merits of Top Schools

I went to an Ivy League school, which means I am really a total bad ass when I have to fill in circles with a number 2 pencil. But I have a $7,000 watch, a country club membership, a Mercedes and A $3,000,000 house. If you want to an Ivy League school, you'd have swell stuff too. Maybe. Technically...
by HomerJ
Fri Apr 10, 2015 12:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16732

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

Now what you're not seeing is the fact that you can still make 6 figures here, but the cost of living is incredibly low. So people from Nebraska seem to have more fun money that they can use to travel, buy bigger houses, retire early, or spend on boats and lake cabins and hunting lodges, classic ca...
by HomerJ
Thu Apr 09, 2015 7:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 11041

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

Now what you're not seeing is the fact that you can still make 6 figures here, but the cost of living is incredibly low. So people from Nebraska seem to have more fun money that they can use to travel, buy bigger houses, retire early, or spend on boats and lake cabins and hunting lodges, classic ca...
by HomerJ
Thu Apr 09, 2015 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 11041

Re: set aside 3 years cash and buy when crasing

if stocks crash 50% how long it takes come back to where it was Could be 2-3 years, could be 10-15 years. Planning around the next crash being just like 2008-2009 is very foolish. sete asidec cash for 3 years expenses and buy when stock crashe isnt it a good idears It's a good idea if you don't los...
by HomerJ
Thu Apr 09, 2015 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: My Strategy For A Market Crash
Replies: 54
Views: 9220

Re: Cost of College & Weighing the Merits of Top Schools

I don't buy the premise that a great, but not "stellar" student will have a tougher time at Elite U versus a top State U honors program. Those honors schools have some brilliant superstars and the competition, once you are in, can be just as tough as at Elite This is also a good point for...
by HomerJ
Thu Apr 09, 2015 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16732

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

It just took me a lot of time to get beyond a $100,000/yr salary. What would a 50yr old techie guy do in Kansas, Oklahoma or Nebraska ? I confess I don't have the foggiest clue. Never been to those places. If you have 10-20 years of experience, you could make over $100k in an IT job here in the Mid...
by HomerJ
Tue Apr 07, 2015 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 11041

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

davidsorensen32 wrote:I have 4 letters for you, repeated thrice : Jobs Jobs Jobs.

sk.dolcevita wrote:I have never met anyone wishing they lived in Kansas, Oklahoma, Nebraska, or other two dozen states? I guess that explains why the real estate is cheap there.


I'm confused... are you saying there are no jobs in Kansas, Oklahoma, etc.?
by HomerJ
Tue Apr 07, 2015 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 11041

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

davidsorensen32 wrote:Any thoughts from the wise folks ?


Move.
by HomerJ
Tue Apr 07, 2015 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 11041

Re: Cost of College & Weighing the Merits of Top Schools

However, there are other not easily quantified benefits of an Ivy education - meeting your future spouse with similar values, opening doors on Wall St., bragging rights, etc. So there may be other reasons for the premium - ymmv. Yeah I want my kid to sell his soul on Wall Street and meet a spouse w...
by HomerJ
Tue Apr 07, 2015 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16732

Re: Good Modern Science Fiction

Sid wrote:An oldie but goodie is "The World at the End of Time" by Frederik Pohl.


This is an excellent book...
by HomerJ
Tue Apr 07, 2015 1:31 pm
 
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 182
Views: 12250

Re: Cost of College & Weighing the Merits of Top Schools

Is it worth going to a top tier school and paying $240,000 to $280,000 when all is said and done (these are real numbers...I just looked yesterday and Northwestern is $68,xxx per year)? Another way to look at it... you could pay $80k for a "normal" college, put $200k in a trust, and give ...
by HomerJ
Tue Apr 07, 2015 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16732

Re: Cost of College & Weighing the Merits of Top Schools

Is it worth going to a top tier school and paying $240,000 to $280,000 when all is said and done (these are real numbers...I just looked yesterday and Northwestern is $68,xxx per year)? No. Anyone smart enough to get into a good school will likely do well in life anyway. There was a study on this c...
by HomerJ
Tue Apr 07, 2015 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16732
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