Search found 2627 matches

by Petrocelli
Wed Sep 21, 2016 1:35 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 224
Views: 21298

Re: The Bogleheads' "100 Things Worth Every Penny" List

Snowjob wrote:I'm sure there will a certain post about a quality watch here at some point...

Assume Bonfire is post 6 and 7

8.) light-weight backpacking gear. It will cost you but saving those ounces and space is worth every penny!


I just saw this. Pretty funny. But I still vote for beer.
by Petrocelli
Sat Sep 03, 2016 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 300
Views: 39378

Re: Self-made Millionaires: how did hitting 7 figures change you?

It didn't. I was a jackass before I got that first million. I'm still a jackass
by Petrocelli
Fri Aug 05, 2016 2:26 pm
Forum: Personal Consumer Issues
Topic: IWC Watch, any thoughts? [Wristwatch brand]
Replies: 129
Views: 8359

Re: IWC Watch, any thoughts? [Wristwatch brand]

corn18 wrote:I can't tell the dang difference between a diamond and a CZ and yet my wife has a boxful of diamonds. Shrugs.



:D :D :D :D
by Petrocelli
Sun Jul 31, 2016 8:28 am
Forum: Investing - Help with Personal Investments
Topic: I have $3,000 to gamble
Replies: 71
Views: 7628

Re: I have $3,000 to gamble

retiredjg wrote:What on earth are you thinking?

A Rolex is a guy thing. A hot tub is a couple's thing. :shock:


Unless you get the Rolex for your spouse, then it's a couples thing. :wink:
by Petrocelli
Sat Jul 30, 2016 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: I have $3,000 to gamble
Replies: 71
Views: 7628

Re: I have $3,000 to gamble

Get a Rolex
by Petrocelli
Sat Jul 30, 2016 5:46 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 689
Views: 114708

Re: Boglehead Beer

Last week, I bought a six pack of Raging Bitch IPA. A great micro-brew that I would highly recommend. And at 8.3% alcohol, it will get you through a market downturn.

http://flyingdogbrewery.com/?beers=raging-bitch
by Petrocelli
Fri Jul 22, 2016 2:57 pm
Forum: Personal Consumer Issues
Topic: Should I spend 5k annually on travel?
Replies: 59
Views: 4726

Re: Should I spend 5k annually on travel?

Yes. You should travel.
by Petrocelli
Fri Jul 22, 2016 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you buy individual stocks?
Replies: 43
Views: 2344

Re: Where do you buy individual stocks?

These threads on where to buy an individual stock always end up in an attempt to convince the OP not to buy individual stocks. Let me argue to the contrary. A few years back, I started investing in stocks with the following characteristics: (1) Beta less than 1; (2) PE ratio less than 20; (3) market...
by Petrocelli
Thu Jul 21, 2016 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Why Not Wellesley?
Replies: 14
Views: 1800

Re: Why Not Wellesley?

Wellesley holds bonds and big blue chip stocks -- most of which have low beta. It's a great fund and I would not hesitate to own it.
by Petrocelli
Thu Jul 21, 2016 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you buy individual stocks?
Replies: 43
Views: 2344

Re: Where do you buy individual stocks?

I buy my stocks through Schwab. It has great research tools and the commission is $7.95 per trade.
by Petrocelli
Thu Jul 21, 2016 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do any of you professionals have a litigation emergency fund?
Replies: 30
Views: 2500

Re: Do any of you professionals have a litigation emergency fund?

Liability insurance is part of the cost of doing business.

I insure my house and car. I see no reason to self-insure my business.
by Petrocelli
Thu Jul 21, 2016 2:08 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 154
Views: 10688

Re: What kind of car do Bogleheads like to drive?

FYI, my daughter drives VW Jetta. It drives well and has been good on maintenance.

My son drives a Honda CRV. That's also a good choice.
by Petrocelli
Thu Jul 21, 2016 8:40 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 219654

Re: Best watch for around $5,000?

This is an interesting article written by someone who wore a Rolex for a short period of time. His conclusion is what has been stated in the thread several times, and confirmed by Rolex owners who have posted here: "I realized nobody can really tell what you're wearing on your wrist, unless you...
by Petrocelli
Tue Jul 19, 2016 10:28 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 154
Views: 10688

Re: What kind of car do Bogleheads like to drive?

I lease a new Mercedes every 3 years. I always get the cheapest model with the least options. Why? I find the lowest end Mercedes (applies to most luxury brands) to be terrible cars. The price is simply a cruddy car plus a badge premium. I've driven a lease special cla as a rental. Really disappoin...
by Petrocelli
Tue Jul 19, 2016 4:21 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 154
Views: 10688

Re: What kind of car do Bogleheads like to drive?

I lease a new Mercedes every 3 years. I always get the cheapest model with the least options.
by Petrocelli
Sun Jul 17, 2016 8:46 pm
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 213
Views: 29619

Re: 23 year old... Can I afford a Rolex?

selftalk wrote:If you take the cost of a Rolex and compound that amount of money even at 4 % ( the prevailing view of the S&P 500 return) for some 30 years then that will be a pretty expensive watch (about $ 18,000). Do you want to do that now ?


Sure.
by Petrocelli
Wed Jul 13, 2016 4:17 pm
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 213
Views: 29619

Re: 23 year old... Can I afford a Rolex?

I had to return to the forum for this thread. For the record, I wear a watch I got as a gift from my wife. I think it cost $89. Welcome back, Bogleheads Legend. I can't believe you never bought a watch at all after that thread. For the record, I got the Rolex for nothing. My wife bought it for me f...
by Petrocelli
Wed Jul 13, 2016 4:16 pm
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 213
Views: 29619

Re: True inner happiness

Whether the house we live in is 300 or 3000 sq. ft., the happiness and loneliness is the same. I was kind of agreeing with some of your points, but you lost me here. I don't think my happiness would be the same with 4 people and a dog in a 300 square foot house. And thanks for bumping up a Rolex th...
by Petrocelli
Wed Jul 13, 2016 4:13 pm
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 213
Views: 29619

Re: 23 year old... Can I afford a Rolex?

MrNewEngland wrote:Rolex is an old-man watch.


I'm an old man so it suits me well.
by Petrocelli
Tue Jul 12, 2016 9:25 am
Forum: Investing - Theory, News & General
Topic: [Vanguard: the unlikely savior of active management]
Replies: 5
Views: 608

"Vanguard: The unlikely saviour of active management"

[Thread merged into here, see below. --admin LadyGeek] “The whole story of the big sea change underway in money management isn’t necessarily from mutual funds to exchange-traded funds or active to passive or human to robo-advisor – it’s really about high-cost to low-cost,” says Mr. Balchunas. http:...
by Petrocelli
Thu Jun 30, 2016 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 24602

Re: Where were you financially when you were at 30?

What was your financial condition when you were at 30? Broke and saddled with student debt. Living hand to mouth. And I didn't really care. It will help much more if you could also list your current condition to show your financial achievement since then. :) Very comfortably retired since age 55. M...
by Petrocelli
Wed Jun 29, 2016 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 24602

Re: Where were you financially when you were at 30?

Pretty good.

Just bought a $625,000 two bedroom house with an ocean view. Had about $175,000 in equity in it. Which was a lot of money in 1990.

Had some savings.

One Rolex (my wife's).

I think about $100,000 to $250,000 in stocks and bonds.

Making over $100,000.

Two cars paid for.

One kid.
by Petrocelli
Wed Jun 29, 2016 10:32 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 219654

Re: Best watch for around $5,000?

For example, I bought my wife a Rolex in 1988 for $2000. That watch new now costs about $8,000 and I could probably sell it for around $4,000 to $5,000. And have you had it serviced regularly? If so, how much did that cost? And if not, I doubt you could sell it for 4K. I haven't had mine serviced, ...
by Petrocelli
Wed Jun 29, 2016 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent in LA
Replies: 11
Views: 1304

Re: Buy vs rent in LA

Thanks for the replies. Some details: $300k for down payment (or investing) $56k annual salary (surgical resident at UCLA) 75% sure will stay in area for fellowship (in 5 years) and beyond Salary should increase substantially after fellowship Own a car, which is a requirement, since commute is to m...
by Petrocelli
Wed Jun 29, 2016 12:09 am
Forum: Personal Consumer Issues
Topic: Bogleheads, have we "arrived" ?
Replies: 70
Views: 6038

Re: Bogleheads, have we "arrived" ?

davidsorensen32 wrote:
njboater74 wrote:When you open the doors to your car, do they open up and down?


I don't have a car :sharebeer


Or does your chauffeur open them for you?
by Petrocelli
Tue Jun 28, 2016 11:36 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, have we "arrived" ?
Replies: 70
Views: 6038

Re: Bogleheads, have we "arrived" ?

Rolex
by Petrocelli
Tue Jun 28, 2016 10:48 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 219654

Re: Best watch for around $5,000?

stratton wrote:Says the guy whose BH handle is based on a diamond. :P

Paul


Nice one. I had to stop and ponder that one!
by Petrocelli
Tue Jun 28, 2016 10:47 pm
Forum: Personal Consumer Issues
Topic: IWC Watch, any thoughts? [Wristwatch brand]
Replies: 129
Views: 8359

Re: IWC Watch, any thoughts? [Wristwatch brand]

Note: I was out today and was without a watch. I asked someone the time who was wearing a watch. Instead of looking a t his watch, he left his hand stay at his side, watch face down, and with his free hand, took out his I Phone and looked at the time for me. Wonder why he even had the watch? :happy...
by Petrocelli
Tue Jun 28, 2016 10:45 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 391
Views: 43328

Re: TIPS - Did you give up?

No I didn't
by Petrocelli
Tue Jun 28, 2016 4:34 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 219654

Re: Best watch for around $5,000?

For those with nicer tastes in watches, I am curious (for an actionable reason): Do you judge those who do not share your love of watches in a professional setting. If you were hiring an attorney, would you be less likely to hire a male attorney who did not wear a watch. (Presume he likes suits, is...
by Petrocelli
Mon Jun 27, 2016 3:09 pm
Forum: Forum Issues and Administration
Topic: BH [Bogleheads.org forum] is back!
Replies: 51
Views: 5399

Re: BH [Bogleheads.org forum] is back!

mrc wrote:Yay. I was going nuts.


Really? I didn't notice it was down.
by Petrocelli
Mon Jun 27, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 219654

Re: Best watch for around $5,000?

Buy a Rolex if you want to buy a Rolex. No other reason. I agree with that. But it is interesting to note that they really hold their value well. For example, I bought my wife a Rolex in 1988 for $2000. That watch new now costs about $8,000 and I could probably sell it for around $4,000 to $5,000.
by Petrocelli
Sun Jun 26, 2016 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Could John Bogle Be Right About International Stock?
Replies: 222
Views: 27442

Re: Could John Bogle Be Right About International Stock?

I have not held any international funds since last November. The sector has not had any momentum. However, I expect it will get oversold and will come back at some point.
by Petrocelli
Sat Jun 25, 2016 1:24 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

The $5000 watch thread has been opened again, I posted some links in there regarding Rolex values :beer Thread: https://www.bogleheads.org/forum/viewtopic.php?f=11&t=27707&start=950 The information you posted concerning Rolex values appears to give some credence to my position that a used l...
by Petrocelli
Sat Jun 25, 2016 1:21 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

Did someone ask about a $200 watch? I thought the thread was about finding the "best wristwatch for the price." I think that a used Rolex Oyster Perpetual at $4,000 or so is the best wristwatch for the price. Seriously. I think the spirit of the thread is to find the best watch for $200 o...
by Petrocelli
Fri Jun 24, 2016 11:42 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

Here's what I would do.

If you are looking for an inexpensive watch, decide how much you want to spend. Then go on Amazon and wait for something to go on sale in that price range.
by Petrocelli
Fri Jun 24, 2016 6:12 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

While OP did not specify a price, he did mention a Timex in his post which implies the price range we are talking about. It is just as annoying to read Rolex suggestions here as it is to read Timex suggestions in your own thread or the IWC thread. I gave two recommendations. A $100 watch and a $4,0...
by Petrocelli
Fri Jun 24, 2016 5:08 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

Petrocelli, I have always against the criticism you received with regards to your Rolex but please stop acting like it is the only watch out there. We get it, its your favorite. Posting a $5000 watch in response to a helpful suggestion of a $200 watch is fairly gauche. Did someone ask about a $200 ...
by Petrocelli
Fri Jun 24, 2016 4:15 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

Nice watch. But I like this look better. http://www.uhren-fan.de/img/articles/02.0667_1.jpg I agree, that look is a classic. Though I prefer the fluted bezel. I only wish I could afford one--or rather, wish I could justify affording one. :P Thanks for the complement. I didn't have a say, because my...
by Petrocelli
Fri Jun 24, 2016 3:47 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

Nice watch. But I like this look better.

Image
by Petrocelli
Thu Jun 23, 2016 10:10 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 219654

Re: Best watch for around $5,000?

dratkinson wrote:It was not until after the IWC watch topic that I understood this topic to be about the frugal alternative. (Or does this illustrate the anchoring bias fallacy?)


Personally, I like the simple look of the Rolex versus the IWC. And it is the frugal alternative.
by Petrocelli
Thu Jun 23, 2016 10:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3145
Views: 737072

Re: U.S. stocks in freefall

Rolex futures holding firm.
by Petrocelli
Thu Jun 23, 2016 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Funds - Really any good?
Replies: 33
Views: 3365

Re: Target Retirement Funds - Really any good?

I oversee the pension plan at my company, which is through Vanguard.

I think almost everyone who wants to invest money for retirement should buy a Vanguard Target Fund.
by Petrocelli
Thu Jun 23, 2016 2:01 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 219654

Re: Best watch for around $5,000?

I'll keep that in mind next time I'm in a meeting with the guy checking out the movement on everyone's watches.[/quote] Well, unless you are a Rolex owner, you can't tell the watch is a Rolex unless you look directly at it. If you look directly at a fake Rolex, and you are a Rolex owner, you will p...
by Petrocelli
Thu Jun 23, 2016 8:49 am
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

I previously wore an Oris watch. It cost around $100. It was a good watch. I like it 100$ for an Oris? Wow! I have an Oris TT1 divers watch for about 8 years. Cost me 1000$. A great watch, though. Better lume than my Omega Sea master. marty I meant "Orvis". (I shouldn't type on an exercis...
by Petrocelli
Wed Jun 22, 2016 7:52 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

I previously wore an Oris watch. It cost around $100. It was a good watch. I like it
by Petrocelli
Wed Jun 22, 2016 12:33 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4862

Re: best wristwatch for the price

Rolex Oyster Perpetual Datejust. You could probably get a pre-owned one for around $4,000-$5,000.
by Petrocelli
Wed Jun 22, 2016 12:00 pm
Forum: Personal Consumer Issues
Topic: IWC Watch, any thoughts? [Wristwatch brand]
Replies: 129
Views: 8359

Re: IWC Watch, any thoughts?

... I don't need one, can't justify the cost ... You answered your own question. Not only do you not need it, you can't justify the cost. Don't get it. I don't understand what is meant by "I can't justify the cost." I don't need almost everything I spend money on. I could eat canned food ...
by Petrocelli
Wed Jun 22, 2016 9:54 am
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 71
Views: 8255

Re: Revealing Usernames

I used my real name on the old Diehards forum.

I had some posters find out who I was and start calling my office.

I had another one report me to the SEC for insider trading.

Lesson learned.

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