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Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

Hi all... Am thinking of giving some money to friend to pay auto loan before bankruptcy! Is it good idea? Pls help fellas! You have a good heart. But learn from the cosign mistake first, then do not make the cash loan mistake afterwards. Unless you're OK with not seeing that money again - you're he...
by tphp99
Fri Jul 18, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7260

Re: Who else hates choosing a car?

I don't understand the concept of "boring" with respect to cars. .... Boredom is not even a part of my selection criteria. Victoria Hate to say it, but "it's a guy thing." =) Or more accurately - it's a car nut thing. If you can't tell the difference between driving a Honda Acco...
by tphp99
Fri Jul 18, 2014 10:04 am
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 75
Views: 6315

Re: Options/guidance for a lazy person to be fit

sorry ogd, I disagree. Jogging will do it. I've jogged over 30 years now. Started originally to lose weight, which came off rapidly, then got hooked on the buzz I got from it. I've been able to keep the weight off all these years by doing so. At your age, 10 years less than mine, get a stress test,...
by tphp99
Fri Jul 18, 2014 9:36 am
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 5252

Re: If interest rates would ever reach double digits again

If interest is 15% and you buy some long bonds to lock in that wonderful rate, what is to stop the interest rate of rising to 20% and you get killed? This could happen - but a lot of other "bad" things will also be happening in that kind of situation. I wish I had money back when interest...
by tphp99
Thu Jul 17, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 2997

Re: How Much House Should I Buy?

OP, Congrats on a great start/career. You can certainly afford the $2-3M home. You're young and have plenty of time to recover if something "bad" happens. However, a 3,000 sq ft home might not look so great after a few years. What's next 5,000 sq ft? How about 10,000? Ask me how I know. Lu...
by tphp99
Tue Jul 15, 2014 8:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4380

Re: Talk me out of buying a Porsche Convertible. DISASTER!!!

Wow, what a story. I suppose we should have talked you out of buying the Porsche. Who knew? On the bright side, here is an opportunity to do some fun stuff with the engine rebuild or like someone else said, consider a new, under warranty car and enjoy it headache free. Guys that work on cars work on...
by tphp99
Sun Jun 15, 2014 8:51 pm
 
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Porsche Convertible. DISASTER!!!
Replies: 45
Views: 6338

Re: Beach Condo

bhsince87 wrote:tphp99,

Wow, I didn't realize you only lived 45 minutes away! That makes my point about staying there in off peak times kinda moot.



Yeah, we figure we can drive over on any weekend when it's not rented out and work on the tan. :sharebeer
by tphp99
Thu May 29, 2014 10:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3044

Re: Beach Condo

I am thinking about buying a condo. I looked at one several days ago. Talked to several people in the building, got preliminary information regarding reserve fund, planned future spending etc.....looking good. Then I googled the name of the building and came across a state supreme court summation o...
by tphp99
Thu May 29, 2014 9:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3044

Re: Beach Condo

Thanks NOLA, glad to hear someone has taken the plunge on this. I wish you success and many years of enjoyment. We don't know anyone who's done this. Mostly beach homes that do not rent well. They all admit that it's a "cost" to stay at the beach. We started this search for a beach home, w...
by tphp99
Thu May 29, 2014 6:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3044

Re: Beach Condo

Numbers: Asking price: $350K Average income (last 2 yrs): $50K less (everything) $35K Net: $15K Yes, we figured if this sucker is a money loser - well it's not a bad place to use as a vacation/beach getaway. Care to share the location? Are there more units for sale? The wife and I eye are looking a...
by tphp99
Wed May 28, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3044

Re: Beach Condo

We've been itching to get a beach front property for a few years now. We've been looking but some of the hurricanes and the BP oil spill scared us off. We've kept an eye on the market on the west coast of FL and it seems like a decent time to jump in. Yes, the catastrophic risk will always be there....
by tphp99
Wed May 28, 2014 5:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3044

Re: Beach Condo

Bustoff wrote:What are the asking prices for these units ?


2/2 for 325K
3/3 for 750K

6 floors, 4 different floor plans, total 26 units, builder still has about 10 units.

It appears the owners are mostly investors.
by tphp99
Wed May 28, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3044

Re: Beach Condo

Numbers:
Asking price: $350K
Average income (last 2 yrs): $50K
less (everything) $35K
Net: $15K

Yes, we figured if this sucker is a money loser - well it's not a bad place to use as a vacation/beach getaway.
by tphp99
Wed May 28, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3044

Re: Beach Condo

Maybe not tax free - but deferred due to depreciation.

I hear you on the "big one".
by tphp99
Tue May 27, 2014 10:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3044

Beach Condo

Hi, Anyone invested in one of these beach front "condo-hotels" that are very prevalent in Florida (west coast) - and surely other coasts. We saw a few that cash-flowed (3-6%). We are interested in buying a unit as an investment. It would be a cash deal - selling a portion of bond invested ...
by tphp99
Tue May 27, 2014 9:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3044

Re: When did you tell your children how much you had amassed

I thought I heard it here: the best way to teach your children about money is to not have any. I think there is a lot of truth in that.
by tphp99
Sun May 18, 2014 6:03 am
 
Forum: Investing - Help with Personal Investments
Topic: When did you tell your children how much you had amassed
Replies: 135
Views: 10918

Re: Talk me out of buying a Porsche convertible. Turning 40

Oh, looks like you bought it already. Well, enjoy it until you don't. Learn how to work on your own sports car will save you a bundle. That mid engine car though is a pain in the neck to work on - ask me how I know. I've owned the Cayman (very similar to your car) - takes forever to do anything on t...
by tphp99
Thu May 15, 2014 8:58 am
 
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Porsche convertible. Turning 40 soon
Replies: 42
Views: 5024

Re: Talk me out of buying a Porsche convertible. Turning 40

Don't get a Porsche unless you're willing to pay for expensive maintenance - and if something breaks = very painful. If you're going to take it to the track, you're going to break something. Look into a C5 Z06 - not a vert but is great for that price and most mechanics can work on that car. Awesome ...
by tphp99
Wed May 14, 2014 10:15 pm
 
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Porsche convertible. Turning 40 soon
Replies: 42
Views: 5024

Re: What's your dream car?

henry wrote:
02sbxstr wrote:a 911 GT3 would look nice in the garage.


I'd like a 911 GT3 also. As far as a road goes, I'll picture myself in Germany, driving the Nurburgring.


New 911 GT3 only if they decide to go back to a manual trans.
Check out the retro Singer 911 - now that's a sports car.
by tphp99
Wed May 14, 2014 12:14 pm
 
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 185
Views: 10886

Re: Levels of Thinking

Bogleheads: Samuel Lee is a strategist on the passive funds research team for Morningstar and he is the editor of Morningstar ETFInvestor . In my opinion, Sam is one of their best thinkers and writers. Mr. Lee has written a provocative article about investors "Levels of Thinking." http://...
by tphp99
Tue May 13, 2014 11:52 am
 
Forum: Investing - Theory, News & General
Topic: Levels of Thinking
Replies: 6
Views: 1678

Re: An easy way to save money: Avoid the $300,000 car.

etf wrote:after months of saving, i was able to pick up a 2013 lamborghini aventador for a little under $300,000.


nice...

My wife won't let me sell our home to buy the new Porsche 918.
by tphp99
Tue May 13, 2014 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 17171

Re: An easy way to save money: Avoid the $300,000 car.

Browser wrote:
...are probably too dumb to realize how much that thing is really costing them. The really wealthy people are driving 12 year old cars worth about $3,000 if they were totalled and had to be replaced.


Really? and Really??

The real question is: what are you going to do with that $300,000?
by tphp99
Tue May 13, 2014 11:16 am
 
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 17171

Re: CNBC - 4% doctors are millionaires!!

staythecourse wrote: So what is the reason that Doctors are not a higher ratio of millinoaires then lawyers?



Answer: too many JDs... :oops:
by tphp99
Thu May 08, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: CNBC - [Among millionaires, 4% are doctors]
Replies: 100
Views: 10792

Re: The Boglehead Car -- What is It?

On average, Bogleheads are extremely wealthy because of reasonable investing decisions they have made over the course of their lives. A car is not an investment, so The Boglehead Car is something like a Lexus, Porsche, Mercedes, Acura, or Tesla. Or maybe it is any car with "Vanguard Flagship&q...
by tphp99
Sat Mar 29, 2014 9:23 am
 
Forum: Personal Consumer Issues
Topic: The Boglehead Car -- What is It?
Replies: 150
Views: 11370

Re: Stocks that Don't Pay Dividends - Greater Fool Driven?

Oh, yes I do feel like a "Fool" owning stocks and bonds at times. But I've got to park my cash somewhere, and the market seems like as good as any place as any.
by tphp99
Fri Feb 28, 2014 7:31 am
 
Forum: Investing - Theory, News & General
Topic: Stocks that Don't Pay Dividends - Greater Fool Driven?
Replies: 73
Views: 4608

Re: Stocks that Don't Pay Dividends - Greater Fool Driven?

Scooter57, You are obviously thinking like an owner. You assume that when you buy shares, you own part of that company. However in practice you lack control of that company. In my business dealings, I have to fight tooth and nail with my partners, vendors, contractors - ect on various issues because...
by tphp99
Fri Feb 28, 2014 7:28 am
 
Forum: Investing - Theory, News & General
Topic: Stocks that Don't Pay Dividends - Greater Fool Driven?
Replies: 73
Views: 4608

Re: Estimated Tax Payments

Topic 306 - Penalty for Underpayment of Estimated Tax Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the ...
by tphp99
Mon Feb 24, 2014 7:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Payments
Replies: 33
Views: 1708

Re: Income at which it's foolish not to pay for tax advice?

The high income is nice, the taxes - not so much. You're not going to find extra deductions in your situation. Try to place your money where it will not generate too much DIV, INT and CAP gains. As you accumulate more, your money will throw off more $ - even index funds, which means more taxes. Rent...
by tphp99
Tue Feb 18, 2014 7:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Income at which it's foolish not to pay for tax advice?
Replies: 37
Views: 3564

Re: $25K Budget for a Fun Car

Your daily driver + $25K = a BMW M3
by tphp99
Fri Feb 07, 2014 11:01 am
 
Forum: Personal Consumer Issues
Topic: $25K Budget for a Fun Car
Replies: 50
Views: 4519

Re: Do I need an accountant?

I don't want to start a food fight or anything, but the preceding statement is not true. The tax software a CPA uses is way, way more powerful than what an end user gets and uses. In our office, for example, we spend about $4K a seat. I don't do that because I like to waste money on tax software. I...
by tphp99
Wed Feb 05, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need an accountant?
Replies: 19
Views: 1226

Re: Buying the most expensive house you can afford

I often hear about the mortgage tax deduction with this argument. Usually from the same people who would be billionaires if the prospect of a million dollar tax bill didn't put them off. The tax savings lead to real money in your pocket that add to the overall return of your investment. Business ma...
by tphp99
Wed Feb 05, 2014 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying the most expensive house you can afford
Replies: 101
Views: 8596

Re: $10+ M, age 49, seeking wisdom regarding retirement

Congrats on the nest egg. Sounds like you are concerned with how you will be viewed as an early retiree. Will your business allow you to "pretend" to be working? That's my plan: save enough, have enough and then keep working - but by then it's not really work anymore - just come in as sort...
by tphp99
Wed Feb 05, 2014 7:21 am
 
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 58
Views: 7787

Re: Can we/should we afford this house?

This is kind of a no brainer type of deal as shown by several other posters. You obviously have the money, so go buy it. I wonder what is the purpose of posting here? To flaunt your wealth? Take it easy on the guy. They obviously are having trouble pulling the trigger on this purchase. No idea how ...
by tphp99
Sat Feb 01, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford this house?
Replies: 63
Views: 4606

Re: Not happy with market

Wow. I noticed this thread has popped up again. Where are all the 100% stock threads that were out there just a couple of weeks ago. It is amazing what a 5% drop in the stock market will do. Wait, what happened? What market dropped 5%? Forgot to check :oops: To the OP, Sounds like you're young and ...
by tphp99
Thu Jan 30, 2014 7:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Not happy with market
Replies: 148
Views: 13308

Re: Should I buy a condo now?

wormm: Several things suggest you should consider buying shortly before your lease ends. Rental rate renewals are going up in Miami. You know the building and neighborhood. Interest rates are currently very low. The outlook for Miami real estate appreciating in value appears good. You should be con...
by tphp99
Wed Jan 29, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo now?
Replies: 7
Views: 865

Re: Most Efficient Way to Heat a Home

Use body heat. That means: sweaters, night caps, down comforters and booties. If you don't see your breathe condensing, you have set the thermostat too high. Just checked our natural gas bills for the past 12 months: $649.07 and that includes heating the house, the hot water heaters, and the clothe...
by tphp99
Tue Jan 28, 2014 10:25 pm
 
Forum: Personal Consumer Issues
Topic: Most Efficient Way to Heat a Home
Replies: 86
Views: 5429

Re: Help please - buying PC

I took an old virus ridden, slow dog of a Gateway desktop with Windows and downloaded Ubuntu (whatever version) about 5 years ago. Have not had a problem since - using it right now to surf the web and type this message. All the new purchases/devices in the past five years (lap tops, tablets) all App...
by tphp99
Tue Jan 28, 2014 10:15 pm
 
Forum: Personal Consumer Issues
Topic: Help please - buying PC
Replies: 30
Views: 2551

Re: What's your dream car?

One that never needs maintenance, never breaks, and keeps itself pristinely clean on the inside and the outside. Quiet on the inside and with a decent sound system. The Lexus LS460? Lease a big (quiet ride) BMW - no cost maintenance, don't get the big engine version - less likely to have mechanical...
by tphp99
Mon Jan 27, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 185
Views: 10886

Re: "150 Portfolios Better Than Yours"

But my only two licenses are to drive and practice medicine. Oops! I don't know, but there might be a significant other who thinks the marriage license counts? :) L. It's best to diversify like that into the three licenses... the marriage license will keep your drive license in check. Image if you ...
by tphp99
Sat Jan 25, 2014 7:29 am
 
Forum: Investing - Theory, News & General
Topic: "150 Portfolios Better Than Yours"
Replies: 52
Views: 4739

Re: Why shouldn't REIT's be a large % of your portfolio?

To the OP, REITs is an asset class I don't own only because I've accidentally acquired too much real estate. And at the moment, my real estate "holdings" are doing better than bonds but not quite as well as stocks. So par for the course. It would depend on your situation, but having a larg...
by tphp99
Sat Jan 25, 2014 7:05 am
 
Forum: Investing - Theory, News & General
Topic: Why shouldn't REIT's be a large % of your portfolio?
Replies: 67
Views: 6799

Re: Why shouldn't REIT's be a large % of your portfolio?

nisiprius wrote:imputed rent is not cash flow.


Why not?

We paid cash for our home. Taxes, insurance, and maintenance add up to about a fifth of what it would cost me to rent a similiar home. I would need a 12% yield on the cash I have "invested" in my home in order to break even.
by tphp99
Sat Jan 25, 2014 6:55 am
 
Forum: Investing - Theory, News & General
Topic: Why shouldn't REIT's be a large % of your portfolio?
Replies: 67
Views: 6799

Re: What's your dream car?

hicabob wrote:
larsm wrote::happy Happy with the one I got:1997 Porsche 993 C4S.

Good one, and one of the few here that might actually be a good "investment" !


Air cooled guy, heh?

Driven a new 991 with a PDK in sport plus yet? You'll convert I'm certain.
by tphp99
Thu Jan 23, 2014 9:12 pm
 
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 185
Views: 10886

Re: What's your dream car?

911 turbo/s anything else is merely transportation Turbo S b/c rear seats to take the kids to school. But the GT3 with PDK is the real deal, revs to 9000 rpm, all wheel steering. Hey OP, hot wagon is way cool, the new e63 wagon is faster than a C7 vette. But a station wagon with a stick shift like ...
by tphp99
Thu Jan 23, 2014 9:09 pm
 
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 185
Views: 10886

Re: 100% Equities until age 55-58

No, of course not. Fantasy makes it true. Oh, and everybody will bow down in reverence before those who hold gold, rather than shooting those people and taking the gold for themselves. And property deeds will be respected in the absence of courts and a state monopoly on violence. I'd love to go on ...
by tphp99
Thu Jan 23, 2014 5:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: (UPDATE: Scratch This Plan) 100% Equities until age 55-ish
Replies: 106
Views: 6947

Re: 100% Equities until age 55-58

I think risk tolerance is a much more important factor as you are approaching retirement (within 10-12 years). If we all are smart people here who have studied the history of the markets and can do simple financial math then it shouldn't matter what your feelings say in your 20's-40s. You should be...
by tphp99
Thu Jan 23, 2014 7:38 am
 
Forum: Investing - Help with Personal Investments
Topic: (UPDATE: Scratch This Plan) 100% Equities until age 55-ish
Replies: 106
Views: 6947

Re: Do You Consider the Opportunity Cost of Owning a Home?

The real estate market is not efficient, and thus money can be made (or not) depending on your situation. So buying presents an opportunity. A lot of people (rightly so) take the averages into consideration and argue that renting is a better proposition than owning. But unlike investing in an index ...
by tphp99
Wed Jan 22, 2014 7:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Do You Consider the Opportunity Cost of Owning a Home?
Replies: 54
Views: 3397

Re: What would you do with cash right now?

I just get this feeling that we're gonna be seeing some sort of correction... - Sung Your emotions might be right, or they might be wrong. Odds are 50/50. I think you are taking a big risk advising family members on what do. I would suggesting pointing them to this page - personal.vanguard.com/us/f...
by tphp99
Mon Jan 20, 2014 8:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: What would you do with cash right now?
Replies: 45
Views: 3078

Re: How do you benchmark your portfolio.

baw703916 wrote:I don't benchmark it.


I wouldn't even know how to benchmark to be honest.

At the end of the day though, benchmarking is looking back. Investing is about the future. All I can hope for is that I'm taking enough risk but not too much, and even that's tough to know.
by tphp99
Mon Jan 20, 2014 8:08 pm
 
Forum: Investing - Theory, News & General
Topic: How do you benchmark your portfolio.
Replies: 65
Views: 3251

Re: Biggest regrets in your life in financial investment?

Well, let's see.

...penny stocks
...tech stocks during the boom
...buying penny stocks and tech stocks during the boom on margin

calculating the amount lost - too painful.
by tphp99
Fri Jan 17, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Biggest regrets in your life in financial investment?
Replies: 101
Views: 7893

Re: Biggest regrets in your life in financial investment?

Sorry all! I made a calculation error! See correction below!!!!!! I invested some money in a little company I worked with back in the early 90’s. I liked the managers and the engineers, and they seemed to be doing everything right. I bought $5k worth of their stock, which was about 3% of my net wor...
by tphp99
Fri Jan 17, 2014 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Biggest regrets in your life in financial investment?
Replies: 101
Views: 7893
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