Search found 104 matches

by Rifampin
Tue Aug 17, 2021 10:45 am
Forum: Personal Investments
Topic: My experience with crypto FOMO. [Fear Of Missing Out]
Replies: 2
Views: 1008

My experience with crypto FOMO. [Fear Of Missing Out]

Hello everyone I have abided by the three-fund portfolio faithfully since 2016 and since then I am happy to report that my portfolio has nearly tripled during that time, including a nice raise in household income. Against my personal statement and what I've learned on this board I was sick of hearing from friends with very little investing experience how they turned $20k to $100k in a matter of week investing in crypto meme stocks like dogecoin. So, I decided to invest about 5% of my portfolio into BTC, ETH, and Cardano. I learned that I could stomach volatility. At one point, I was up $40k the next down $45k. I attempted to purchase more BTC during one of the dips and discovered that I accidently purchased BTC MATIC at the high right befor...
by Rifampin
Sat Apr 17, 2021 6:57 am
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 152
Views: 14593

Re: For those adding Crypto as an asset class to their AA

Maybe I have FOMO or maybe I just want to have some exposure in crypto but I decided to allocate 3% of my portfolio to crypto. Does the following breakdown seem reasonable?:
67% Bitcoin
22% Etherum
11% Cardano ADA

I haven't purchased BTC yet but I plan to hold all of these for at least 1 year and if profitable, I plan on taking out my original investment and letting the rest ride. Anyone else hesitating on buying BTC at the 60k mark?
by Rifampin
Mon Mar 29, 2021 10:34 am
Forum: Personal Finance (Not Investing)
Topic: CP2000 Need help
Replies: 15
Views: 854

Re: CP2000 Need help

Did you request a Wage and Income transcript? I would want to check that. Ok I think I found the error. Under my spouse's Wage and Income Transcript LIne 1:Wages, Taxes, and other compensation is $7,000 higher than the paper Form W-2 that I have in my hand. I already sent them this information and they just sent the same CP2000 back to me. So how do I find out who is right? She must go back to her employer. They may have submitted a corrected W-2. So either the IRS has the old one or your wife has the old one. The IRS is going to believe the W-2 they received is correct unless you get a corrected W-2c or letter from the employer or payroll. Ok thanks everyone. Just logged onto her work W2 history and low and behold it matches the IRS. They...
by Rifampin
Mon Mar 29, 2021 10:26 am
Forum: Personal Finance (Not Investing)
Topic: CP2000 Need help
Replies: 15
Views: 854

Re: CP2000 Need help

Katietsu wrote: Mon Mar 29, 2021 9:56 am Did you request a Wage and Income transcript? I would want to check that.
Ok I think I found the error. Under my spouse's Wage and Income Transcript LIne 1:Wages, Taxes, and other compensation is $7,000 higher than the paper Form W-2 that I have in my hand. I already sent them this information and they just sent the same CP2000 back to me. So how do I find out who is right?
by Rifampin
Mon Mar 29, 2021 9:48 am
Forum: Personal Finance (Not Investing)
Topic: CP2000 Need help
Replies: 15
Views: 854

Re: CP2000 Need help

There have been several threads in the last week or two about CP2000s from the IRS that have to do with a 1099-R that was not reported correctly on the poster's 2018 tax return. I think all of them have had to do with people trying to move a contribution to an IRA to someplace other than where it started (backdoor Roth process, Roth conversion, recharacterization of excess contribution, etc.) Seems to be the season for CP2000s for that particular sort of reporting error... Plus, $7000 seems suspiciously in the vicinity of an amount that would be contributed to an IRA by someone over 50. (Fly in that ointment is that $6500 was the IRA contribution limit in 2018. But if you are rounding the actual number in your post and did something that i...
by Rifampin
Mon Mar 29, 2021 9:23 am
Forum: Personal Finance (Not Investing)
Topic: CP2000 Need help
Replies: 15
Views: 854

Re: CP2000 Need help

jebmke wrote: Mon Mar 29, 2021 9:19 am Normally the details on the CP letter list out all the income they claim was reported on 1099s, W2s and the like. It is also shown in the transcript I think (you should be able to get online).
All it shows is just 1 out of 3 W2's I submitted. The shown on return and reported by others differs by $7,000. I submitted a copy of the W2 showing that the number is correct. I double checked all of my saved hard copies and there is no way I had any unreported income amounting to $7,000.
by Rifampin
Mon Mar 29, 2021 9:17 am
Forum: Personal Finance (Not Investing)
Topic: CP2000 Need help
Replies: 15
Views: 854

CP2000 Need help

I just received a CP2000 for the 2018 tax year. It states that the "Reported by others" amount is $7,000 greater than the shown on return amount. I double checked Form 1040 and I reported all taxable wages correctly. I responded to the IRS that I disagree and all they did was send me the same exact CP2000 again, only this time with interest added to the proposed changes. How can I find out exactly where the $7,000 is coming from in the "reported by others" section? I tried calling the IRS and could not get through.
by Rifampin
Fri Jan 08, 2021 10:58 am
Forum: Personal Consumer Issues
Topic: products with useful lifetime warranties
Replies: 48
Views: 3629

Re: products with useful lifetime warranties

KomadoJoe grill. All they asked for was a picture showing it was a komadoJoe and the picture of the issue. They immediately sent a replacement piece no questions asked. I know of others who have had same experience. Agree with this one. Auto parts from FCP Euro. They will replace anything they sell for free, unless it comes in a bottle, can, or tube. Duluth Trading company USED to have a great lifetime warranty, but not anymore. I had two pairs of jeans that split along the same stitchline within a month of purchase. I was able to get them replaced because I had purchased them just before the policy changed, but they let me know that in the future similar failures would not be honored because it was "wear". Just so you know FCP e...
by Rifampin
Thu Jan 07, 2021 10:35 pm
Forum: Personal Consumer Issues
Topic: products with useful lifetime warranties
Replies: 48
Views: 3629

Re: products with useful lifetime warranties

Ridgid tools. Lifetime warranty.
by Rifampin
Thu Dec 24, 2020 7:05 am
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 47158

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

DS03 wrote: Wed Dec 23, 2020 9:45 am 2015 Audi S4 DSG (mine)

2017 Acura RDX (wife's)
Just picked up a 13’ S4 DSG. Love it so far. Do yourself a favor and get the EPL stage 1 ECU/TCU tune. It’s on sale right now. Bumped me up to 450hp and even quicker shifts.
by Rifampin
Thu Sep 17, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 57949

Re: How to get over finance envy

Comparison is the thief of joy.
by Rifampin
Tue Aug 25, 2020 10:00 pm
Forum: Personal Consumer Issues
Topic: Any car enthusiasts? (or soon to be)
Replies: 142
Views: 12437

Re: Any car enthusiasts? (or soon to be)

Enthusiast here. I have owned the following cars for less than $15k and even made money off some:
1995 BMW M3
2004 BMW M3
2002 Honda S2000
2015 Volkswagen GTI
2006 Porsche Cayman S

Next on the list is either a Cayman GT4 or Lotus Evora 400.
by Rifampin
Fri Aug 14, 2020 10:39 pm
Forum: Personal Consumer Issues
Topic: Where to find a quality, lower cost muscle car
Replies: 94
Views: 7910

Re: Where to find a quality, lower cost muscle car

A C5 Z06 is what you’re looking for.
by Rifampin
Mon Jun 08, 2020 3:51 pm
Forum: Personal Investments
Topic: Did I do okay through my first bear?
Replies: 2
Views: 504

Did I do okay through my first bear?

At the age of 31 I had a portfolio balance of around 900k (85/15) at the start of the pandemic. After trying to calm down family members who later sold around all time highs, I wondered if I made the right decision to follow the boglehead philosophy and hold. I continued to invest (adding a tilt to small value with some of my emergency fund) and made only one significant move which was to tax loss harvest VTIAX around March 17th. Perhaps, I was able to stomach the losses knowing that this would be just a small bump in the road over another 30 year horizon of investing. Since, I was able to stay disciplined and not give in to the panic of others, should I consider going all in at 100% equities? Is there anything I should of done differently?
by Rifampin
Sun Dec 08, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much car can i afford
Replies: 128
Views: 9818

Re: How much car can i afford

Jack FFR1846 wrote: Sat Dec 07, 2019 8:18 pm Work up to a Lamborghini?

Ed Bolian was the Cannonball record holder (also in a Mercedes). I've sort of figured out what he makes from various things he's said and I don't think it's more than you make. His retirement fund is in his cars. As a car guy, I can imagine it would be a chore to decide whether to take the 993 or the Scud or the Murci.

His garage tour: https://www.youtube.com/watch?v=UTKdngypf-M
I'm sure he easily clears 250k a year. His youtube channel alone nets him a six figure salary.
by Rifampin
Sat Jun 01, 2019 7:55 pm
Forum: Personal Consumer Issues
Topic: Driveway Stain - What is it?
Replies: 11
Views: 2397

Re: Driveway Stain - What is it?

Spraying brake parts cleaner on it will take it right out. Give it a try. I would recommend getting the non-chlorinated type, less noxious to the lungs.
by Rifampin
Sat Apr 13, 2019 7:33 am
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 140
Views: 12110

Re: fun car advice

Not sure if this has been suggested yet but you could find a clean example 996 Turbo for 50k. Extremely reliable with the Metzger engine and should appreciate in the future. Although I much prefer the 997 headlights, the 996 is starting to grow on me.
by Rifampin
Fri Mar 22, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: Being a Boglehead and car enthusiast stinks
Replies: 72
Views: 5973

Re: Being a Boglehead and car enthusiast stinks

Car enthusiast here. Have owned quite a few sub 30k sports cars and besides maintenance, I have actually made some money back after selling. I enjoy working on cars as a hobby and it has saved me thousands. Some great options that I have owned and won't break the bank: 1) E36 M3 2) E46 M3 3) Honda S2000 Looking to graduate to either a Porsche Cayman S, Lotus Exige/Evora, anything with a mid-engine, light weight, and manual transmission. How was the maintenance and ease of doing the work on the E46 vs. the E36? Did you enjoy the E46 more? I absolutely love the driving experience of my E36 M3, but I hate the interior and am terrified of getting in an accident with it. I've always wanted an E46 but the few times I drove them I was a bit disap...
by Rifampin
Fri Mar 22, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: Being a Boglehead and car enthusiast stinks
Replies: 72
Views: 5973

Re: Being a Boglehead and car enthusiast stinks

Car enthusiast here. Have owned quite a few sub 30k sports cars and besides maintenance, I have actually made some money back after selling. I enjoy working on cars as a hobby and it has saved me thousands. Some great options that I have owned and won't break the bank:

1) E36 M3
2) E46 M3
3) Honda S2000

Looking to graduate to either a Porsche Cayman S, Lotus Exige/Evora, anything with a mid-engine, light weight, and manual transmission.
by Rifampin
Thu Mar 21, 2019 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is my doctor a scam?
Replies: 33
Views: 5108

Re: Is my doctor a scam?

I actually had a patient yesterday tell me she thought it was overkill that I ordered a CTA of her chest because she was still having shortness of breath and a non-productive cough for the past 2 weeks despite antibiotics, steroids, and breathing treatments. I told her I highly recommended it and explained my reasoning. She was grateful that I pushed to have it done when I later told her she was being admitted for her bilateral PE's. What may seem like a simple problem (bronchitis) can be something serious. Yes, she thinks it's just bronchitis, but the medical training recognized her smoking history combined with oral contraceptives, oxygen saturation of 92% on room air, recent travel to Europe, and family history of VTE meant something mo...
by Rifampin
Tue Feb 26, 2019 9:30 pm
Forum: Personal Consumer Issues
Topic: HOA wants to install speed bumps that my car won't clear
Replies: 50
Views: 7328

Re: HOA wants to install speed bumps that my car won't clear

Just wanted to say nice taste in sports cars. Thinking about picking up an Exige S one day. How do you like the Elise?
by Rifampin
Fri Jan 04, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Back door Roth IRA for non-working spouse
Replies: 7
Views: 681

Re: Back door Roth IRA for non-working spouse

Bacchus01 wrote: Fri Jan 04, 2019 8:23 am
Rifampin wrote: Fri Jan 04, 2019 8:10 am Having a hard time finding a definitive answer on this. My spouse is going back to grad school and I will be the sole earner. Income will most likely be around 210-220k this year. We will be filing as Married (joint returns).

Given that my spouse will have no earned income for 2019, can we still do a backdoor roth IRA of $6,000 each?
Yes.
That's all I need to hear. Thanks!
by Rifampin
Fri Jan 04, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Back door Roth IRA for non-working spouse
Replies: 7
Views: 681

Back door Roth IRA for non-working spouse

Having a hard time finding a definitive answer on this. My spouse is going back to grad school and I will be the sole earner. Income will most likely be around 210-220k this year. We will be filing as Married (joint returns).

Given that my spouse will have no earned income for 2019, can we still do a backdoor roth IRA of $6,000 each?
by Rifampin
Mon Dec 24, 2018 12:45 pm
Forum: Personal Investments
Topic: Massive losses; what if I die [before offsetting the losses]?
Replies: 55
Views: 7933

Re: Massive losses; what if I die?

livesoft wrote: Mon Dec 24, 2018 12:37 pm ^There is no time limit except perhaps one imposed by unknowable future tax law changes. Also note that inflation will ravage the value of your tax-loss carryover, too.
Got it, thanks! Looks like I will just plan on continuing to TLH on the way down while contributing "new" money. Fairly new investor, thanks to the boglehead philosophy, 'I ain't scared' of the noise.
by Rifampin
Mon Dec 24, 2018 12:28 pm
Forum: Personal Investments
Topic: Massive losses; what if I die [before offsetting the losses]?
Replies: 55
Views: 7933

Re: Massive losses; what if I die?

Massive realized capital losses for many people have happened before, notably in 2000 and 2008-2009. It turns out that they can get used up for tax purposes rather quickly because they offset realized capital gains. The deduction of up to $3,000 a year of realized losses against ordinary income is small potatoes and not the only benefit to having losses. Exampe: You retire early and live off your taxable investments. You sell $200,000 of shares each year with gains of $100,000. Your previous carryover losses offset the $100,000, so net is $0. But with all those investments in taxable, you are surely making quite a bit of income from dividends which you cannot avoid either. Your dividends are all qualified. You get to offset $3,000 of that ...
by Rifampin
Sat Dec 22, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: TLH for VTIAX - 21K Loss [Tax Loss Harvesting for Vanguard Total Int'l]
Replies: 15
Views: 1470

Re: TLH for VTIAX - 21K Loss

Don't want to hijack thread but I have similar losses of VTIAX in my taxable account. At what point do you stop tax loss harvesting. Lets just say we are entering a similar bear market to that of 08-09. If one continues to TLH all the way to the bottom, in essence aren't they buying high and selling low?
by Rifampin
Sun Nov 25, 2018 6:52 am
Forum: Personal Investments
Topic: Liberty Trading Group --James Cordier
Replies: 11
Views: 2328

Re:

Grt2bOutdoors wrote: Fri Jul 22, 2011 7:17 pm A wise person once said to me - "those who play with fire are likely to be burned".
Bingo. Looks like your crystal ball is working.
by Rifampin
Thu Sep 20, 2018 5:30 pm
Forum: Personal Investments
Topic: First time six-figure investors
Replies: 8
Views: 2455

Re: First time six-figure investors

With the help of many Bogleheads I recently transferred my TIRA at Vanguard to a Solo-401k at Fidelity to allow for a backdoor Roth IRA. With $320,000 in a Vanguard taxable account and $135,000 in the Solo-401k account, what do you think of this plan? Background info: Emergency funds: 6-12 months of expenses covered (separate checking account that covers mortgage for 1 year) Debt: Only liabilities are the mortgage $270k balance 15 yr fixed @3% Tax Filing Status: Married filing jointly Tax Rate: 28% Federal, 0% State Gross income: $220K Age: Me:35 Husband: 27 Plan Taxable at Vanguard -- $320,000 -- 70% 50% (VTSAX) $227,500 Vanguard Total Stock Market Index Fund Admiral Shares (0.05%) 20% (VTIAX) $91,000 Vanguard Total International Stock In...
by Rifampin
Sat Sep 15, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Thoughts on Car Expenditures
Replies: 19
Views: 1060

Re: Thoughts on Car Expenditures

The soundness of the decision is not the same. I’d argue that the Porsche buyer made the better decision, all other things being equal The $60K earner now has just $30K left for other expenses, savings, and taxes for the year, if s/he paid cash for the Accord. The $250K earner has $125K left for all those things, if s/he paid cash for the Porsche. So the Porsche buyer is in better financial shape. The Porsche also has much lower depreciation although I’d still consider the $125k gone once it’s purchased. A few years ago I considered buying a Porsche cayman at 65-$70k. Flat 6 engine and manual transmission. 4 years later and the new Porsche has a 4 cylinder turbo and the value of the 2014 has held steady. I still want the 2014 Porsche and a...
by Rifampin
Mon Sep 03, 2018 5:46 am
Forum: Personal Consumer Issues
Topic: Wet & Forget for roof algae?
Replies: 13
Views: 2636

Re: Wet & Forget for roof algae?

LifeIsGood wrote: Mon Sep 03, 2018 1:56 am I want to use Wet & Forget on my roof but can’t figure out a way to spray it that far. I have a 2 story house with a walk out basement so that side would be almost 30 ft to the gutters and probably 40 ft to the ridge.
Anyone found a device that would spray that far?
Heres what I use for my 3-story home.
https://www.pressurewashersdirect.com/B ... 72649.html

You can also by the gutter cleaner attachment. I will never get on a ladder to clean the gutters again. Depending on the PSI of your pressure washer, manipulating the wand will be a handful but it isn't so bad when you get the hang of it.
by Rifampin
Sun Sep 02, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 61378

Re: Lucrative careers?

You need several years of additional schooling, in a program that's hard to get accepted to by RNs. It's like saying a PhD and a Bachelors are the same, just one needs additional years of training. You can doubt it all you want, You are wrong. CRNAs are RNs: Before becoming a nurse anesthetist, candidates typically work in acute care settings (e.g., emergency rooms or intensive care units) as registered nurses (RNs) for at least a year. The AANA reports that in order for an RN to become certified in administering aesthetics, they must first complete an accredited program. Reference: https://www.nursepractitionerschools.com/faq/how-to-become-nurse-anesthetist Actually, CRNA stands for "Certified REGISTERED NURSE Anethesist." CRNAs...
by Rifampin
Sun Sep 02, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 61378

Re: Lucrative careers?

nurse anesthetist are not RNs they are CRNAs. I'm in medicine I know more than a dozen. I think they are RNs with additional certifications. Can you be a CRNA without being a RN first? I kind of doubt it. You need several years of additional schooling, in a program that's hard to get accepted to by RNs. It's like saying a PhD and a Bachelors are the same, just one needs additional years of training. You can doubt it all you want, You are wrong. CRNAs are RNs: Before becoming a nurse anesthetist, candidates typically work in acute care settings (e.g., emergency rooms or intensive care units) as registered nurses (RNs) for at least a year. The AANA reports that in order for an RN to become certified in administering aesthetics, they must fir...
by Rifampin
Sun Aug 12, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 9157

Re: how much car can we afford?

Go for the M2.
by Rifampin
Mon Jun 18, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 7772

Re: How much car to buy reasonably?

Lotus Evora 400
Toyota Camry motor with supercar looks and handling.
This has to be the boglehead sports car choice and will be my next fun car after selling my E46 M3.
by Rifampin
Wed May 23, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: quality exterior stain?
Replies: 14
Views: 1563

Re: quality exterior stain?

metrunt wrote: Wed May 23, 2018 4:05 pm Is this for a house? A deck?

TWP 100 is the best. So good it's not legal in 15 states.

www.twpstain.com
Agreed TWP is the best. Stay away from water based stains.
by Rifampin
Thu Feb 08, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 28824

Re: For BHs who actually like cars - what is your daily driver?

clutchied wrote: Thu Feb 08, 2018 9:52 am
Rifampin wrote: Sat Feb 03, 2018 4:08 pm 2004 BMW M3 6-speed manual :sharebeer
so sweet!! jealous....


'14 BMW i3
'06 330i 6-speed manual.

the i3 costs me $35/mo in "gas"
the 330i costs me $150/mo in gas

pretty big delta on EV's.
I hear great things about the i3 as a daily driver. How do you like it?
by Rifampin
Mon Feb 05, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Change in "career", PA or Optometry?
Replies: 79
Views: 16953

Re: Change in "career", PA or Optometry?

Hello all, I am at a point in my life where I want to begin a rewarding journey for myself and I want to pursue a medical position as a career. I would appreciate some insight and any words of advice would be much appreciated. PA or Optometry? About me: 31yrs Working in odd jobs all my life (currently at a hotel working the front desk) B.S in Aviation and minor in Business I enjoy interacting with people I enjoy helping others I care for others and their well being I want to make a difference in people's lives I am looking more into Optometry right now because it feels I would get more satisfaction than being a PA. Also, I can't fathom the idea of someone not able to appreciate the beauty in the world we live in today because vision proble...
by Rifampin
Sun Feb 04, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: What would you do with this car?
Replies: 37
Views: 3914

Re: What would you do with this car?

Mercedes G550 with all the stupid extra packages (tire wheel paint extended warranty, etc). I've already cancelled all the packages I can and the money from those were sent to the loan company to pay down the loan. That was your dream car? Why?!? :confused I concur. From your username I am guessing you are an ER doc, so all things considered yes you can afford this car. Your "dream" car is probably one of worse vehicle as far as depreciation goes in the MB lineup. Unfortunately, you will be taking a loss regardless but a private sale (craigslist) will allow you to recoup the most for what it is worth. However, by trading down you will get a huge break on tax, title, and registration. So now that this is no longer your dream car, ...
by Rifampin
Sun Feb 04, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: What would you do with this car?
Replies: 37
Views: 3914

Re: What would you do with this car?

First thing you must do is tell us what kind of car you bought. Then we can truly decide if you made a mistake.
by Rifampin
Wed Jan 31, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Buy a new car or not?
Replies: 34
Views: 4059

Re: Buy a new car or not?

How about an Audi S3? Same motor and chassis used in the Golf R.
by Rifampin
Thu Dec 14, 2017 5:49 pm
Forum: US Chapters
Topic: @@Happy Holidays Bogleheads. How others here helped you?
Replies: 49
Views: 6451

Re: Holiday thanks to Bogleheads. How have they helped you?

I definitely would like to thank Duckie for proposing a simple 3-fund portfolio and Taylor Larimore for his wisdom.
by Rifampin
Thu Nov 30, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 6599

Re: I Can "Afford" This Right? (New Car)

32, single, the right answer is a 997 Turbo CPO. Get it and be done, and go back to a normal 45k SUV in a few years when you have kids, and save the 911 for weekends. Sell the 911 in 20 years for the same price you are buying it for (not inflation adjusted). Always be that guy with the cool older 911. And enjoy life. Get a few speeding tickets (only for driving 5MPH over, not anything too bad of course). Its great fun. You will pay a lot for maintenance, and it will eventually become a weekend car, alongside a Lexus RX SUV when you get older. But you will love it. Pick a good color, look at vintage porsches. Join the porsche club locally. Hand wash it once in awhile in your driveway at home, have a beer and think about how awesome it is. F...
by Rifampin
Thu Nov 30, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 6599

Re: I Can "Afford" This Right? (New Car)

I would recommend a used IS-F. Great reliability with that awesome 5.0 V8. Can be had for 25-35k depending on mileage.

Since you seem to like Ford why not a used GT350. Hello flat plane crank. :D
by Rifampin
Tue Nov 21, 2017 10:40 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 3485

Re: Recommend a daily driver

Reading the replies I don't get the impression they are from people who regularly drive 3-4 hrs at a time in stop & go traffic. But the OP said 3-4 hours AND stop & go traffic. I assumed those were two different tasks: stop & go near campus, and then a 3-4 hour trip on the weekends to get home. And like Livesoft, I would consider a bus or bike or walking to campus. Indeed, I still bus or bike, and I am decades out of grad school. Among younger colleagues there is a sense of entitlement to drive a car and the gyrations they go through to find parking can be amusing. But perhaps I misunderstood, and this is a daily ordeal... This will be a daily ordeal. The second year will be comprised of daily drives to clinicals 1-1.5 hrs out....
by Rifampin
Tue Nov 21, 2017 8:10 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 3485

Re: Recommend a daily driver

bubbadog wrote: Tue Nov 21, 2017 8:08 am How about a used current generation Subaru WRX?

:D Since you lean toward more sporty cars.
Not a bad suggestion. I had a Subaru Legacy GT at one point. Great car but it ate oil for breakfast, lunch, and dinner. I considered it the ultimate sleeper with a Cobb tune and bolt ons it had about 315hp and relatively light for a full side sedan.
by Rifampin
Tue Nov 21, 2017 8:05 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 3485

Re: Recommend a daily driver

alfaspider wrote: Tue Nov 21, 2017 7:23 am
prince wrote: Mon Nov 20, 2017 7:12 pm Used Prius, your future self will thank you.
After the therapy bills from the deep depression that would cause, I think I'd probably end up paying more for a Prius than an M3 :?
5 Reasons Why I Hate Priuses
1) It's a Prius
2) It's a Prius
3) It's a Prius
4) It's a Prius
5) It's a Prius
by Rifampin
Tue Nov 21, 2017 8:02 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 3485

Re: Recommend a daily driver

Watty wrote: Mon Nov 20, 2017 8:34 pm
Rifampin wrote: Mon Nov 20, 2017 9:52 am Budget is around 20k and under. I would prefer something with decent resale value as I plan on selling it immediately after the 24 month program is over.

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I will have no time to fix unexpected issues that may arise.
You may be in one of the rare situations where leasing makes sense if you will not be driving too many miles.
Considered a lease but future mileage is unknown. I did lease a MK7 GTI once and will probably never do that again. I much prefer to buy cars out right. If it helps with recommendations, I believe I have my priorities in line. I have the funds to pay for grad school and with the sale of the M3 I could very comfortably stretch another 5k to get in something more reliable and comfortable.
by Rifampin
Mon Nov 20, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 3485

Re: Recommend a daily driver

alfaspider wrote: Mon Nov 20, 2017 10:26 am
Rifampin wrote: Mon Nov 20, 2017 10:01 am It is well maintained and I am a DIY kind of guy. But with 120k miles on it I will have no time to fix unexpected issues that may arise. Additionally, I will no longer be able to garage it and it will be subjected to door dings, etc Even though the value of it is probably around $14-15k, I mentally can't treat it as a beater car. The last thing I want to be worrying about during grad school is transportation. Also considering switching to something with an automatic transmission for stop & go traffic.
Ok then. The answer is always Miata.
I am assuming you own an Alfa judging by your username. No doubt Miatas are great cars but I would must prefer an S2000 if I went that route.
by Rifampin
Mon Nov 20, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 3485

Re: Recommend a daily driver

Alexa9 wrote: Mon Nov 20, 2017 10:19 am
Rifampin wrote: Mon Nov 20, 2017 9:52 am So far my current thoughts are Lexus IS350, Honda Accord Sport edition, Acura TL/TLX..
All good choices. I would suggest a used 9th Gen Accord Coupe EX-L V6 Manual Trans. Surprisingly fun to drive.
Do you drive much in snow? I would get Michelin X-Ice Tires whether you have AWD, FWD, or RWD.
Not much snow but will be repeatedly traveling through the mountains on I-26 so good tires are a must.