Search found 533 matches

by oragne lovre
Wed Oct 19, 2022 9:44 pm
Forum: Personal Consumer Issues
Topic: First time first class- a smart way vs 'not so much'?
Replies: 79
Views: 8634

Re: First time first class- a smart way vs 'not so much'?

I'm ready to fly to Japan but it's a 15 hr flight. I'm 73. I flew Hong Kong to Chicago 15 years ago- it's harsh. It was then; it'll be worse now. I found the cheapest is EVA out of Taipei. (Didn't check first class rate yet) ORD to Narita with stop in Taipei sounds good. I'll get an open jaw and ferry to Okinawa, then ferry to the big Island. Maybe (probably) fly home from Hokkaido thru Taipei again. I can afford this but I'm a boglehead. I don't waste money. Do first class tkts bounce around with seasons (low/shoulder) like tourist tkts? From the Bogleheads wiki: "In summary, a Bogleheads investor tends to (1) save a lot, (2) select an asset allocation containing both stock and bond asset classes, (3) buy low cost, widely diversified...
by oragne lovre
Thu Oct 13, 2022 11:59 pm
Forum: Investing - Theory, News & General
Topic: Is "Stay The Course" dead?
Replies: 416
Views: 48067

Re: Is "Stay The Course" dead?

Beensabu wrote: Thu Oct 13, 2022 11:49 pm
newyorker wrote: Thu Oct 13, 2022 10:45 pm Whos buying now???
I am. Every pay check. Happily buying. So are lots of people.

Buy 'em when they're up, buy 'em when they're down, buy 'em all around. :wink:
I really like your last sentence :D
by oragne lovre
Sat Oct 08, 2022 12:24 am
Forum: Personal Consumer Issues
Topic: Planning first trip to Italy for next year
Replies: 29
Views: 2877

Re: Planning first trip to Italy for next year

My wife and I are planning a vacation for Italy next year. It's a vacation we have been wanting to take since 2019 but due to travel restrictions we never were able to make it. We will be flying out of Charlotte using American Airline miles and we have enough miles for both of us for a roundtrip to Rome and back. We are trying to iron out our travel plans but we would like to visit Florence and Rome. The plan is to land in Rome and hop on the train to Florence and spend 3 nights in Florence so we will have that travel day plus 2 more full days in Florence, then hop a train back to Rome and spend 3 nights there before flying home. Rome is going to be spent seeing all the major sights like Colosseum, Pantheon, Trevi Fountain, etc. Florence w...
by oragne lovre
Sun Oct 02, 2022 7:49 pm
Forum: Investing - Theory, News & General
Topic: Is "Stay The Course" dead?
Replies: 416
Views: 48067

Re: Is "Stay The Course" dead?

The last year has been brutal for anyone following the "Stay the course" mantra, especially so for recent retirees. This recession must have been the most widely predicted and easily anticipated event in my 30 year investing career, and I'm kicking myself for not realizing that and selling everything a year ago. Sure I'll get the usual responses of "nobody knows nuthin" and "your risk tolerance was too high" and, and "how do you know when to get back in", and graphs showing that the market "always" goes up over a long enough timeframe, but this is of little comfort when you're down $k several hundred. Even being overweight bonds has not helped, as they have been crushed too, so asset alloca...
by oragne lovre
Wed Sep 28, 2022 10:36 pm
Forum: Investing - Theory, News & General
Topic: "Stock Downturn Brings Pain To Buy-the-Dip Investors"
Replies: 67
Views: 10301

Re: "Stock Downturn Brings Pain To Buy-the-Dip Investors"

Pain? What pain? :)

Joking aside, I think those who kept buying-and-holding steadily during 2007-2008 downturn are not sweating much now. Buying a bit more of S&P500 index fund on days when "the cannon is heard" may not be a bad thing when we'll look back in 10-15 years from now.
by oragne lovre
Sun Sep 18, 2022 12:41 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 422
Views: 35039

Re: The primary factor for picking a College/University is out of pocket cost

There are a lot of comments about medical field in this thread. Any Bogleheads with hands-on experience in computer science or computer engineering? My daughter is interested in these fields and looking for helpful information.
by oragne lovre
Tue Aug 30, 2022 11:50 pm
Forum: Personal Consumer Issues
Topic: Favorite music from the 70s?
Replies: 357
Views: 31155

Re: Favorite music from the 70s?

70s music has long last in my soul. The list is long. Many songs are soulful. A lot of songs still always make me smile; one of them is

A Cowboy's Work Is Never Done by Sonny & Cher

:D
by oragne lovre
Sun Aug 14, 2022 12:41 am
Forum: Personal Consumer Issues
Topic: Boglehead EV (Electric Vehicle) ?
Replies: 63
Views: 6275

Re: Boglehead EV (Electric Vehicle) ?

JayhawkGolfer wrote: Fri Aug 12, 2022 12:20 am
Hyperchicken wrote: Thu Aug 11, 2022 10:50 pm Any EV you like, but with "VTSAX" custom license plate.
I8ATSLA
TLM
:happy
by oragne lovre
Sat Aug 13, 2022 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Personal: HNW $10M, how did you do it? [High Net Worth]
Replies: 206
Views: 34084

Re: Personal: HNW $10M, how did you do it? [High Net Worth]

3. Zero money received from anyone
2. 24 years
1. Expedited paying all debts, religious saving when kids were not born and still at young age (they become more "expensive" growing up), index investing of about 95% of saved money, using approximately 5% of saved money to take a shot at an individual investing opportunity with calculated risk, staying put at a decent house, not a mansion, for 18 years.
by oragne lovre
Thu Aug 04, 2022 11:26 pm
Forum: Personal Consumer Issues
Topic: France trip in June 2023 advice needed - Paris and Normandy
Replies: 67
Views: 6718

Re: France trip in June 2023 advice needed - Paris and Normandy

I went to Paris with my family several times and even ran a Paris marathon. I think renting an apartment gives some visitors more freedom in deciding when to check in or out, eating "at home" or not, sampling various kinds of wine other well-intentioned renters leave behind. Renting can also be more cost-effective if you plan to stay for a week or more. Getting up early in the morning to get freshly baked baguettes, just like Parisiens do, is an experience that should not be missed. Paris is more a walking city; strolling around arrondissements may land you at unexpectedly beautiful gardens or buildings - you may want to check out a pocket book entitled "Quiet Corners of Paris" by Jean-Christophe Napias to get an idea. T...
by oragne lovre
Tue Jul 19, 2022 9:15 pm
Forum: Investing - Theory, News & General
Topic: How many "Japans" have there been?
Replies: 262
Views: 23567

Re: How many "Japans" have there been?

jtdavid wrote: Fri Jul 15, 2022 12:06 pm OP,

There is a chapter in the book "Devil Take the Hindmost" that covers the whole Japan situation. I would highly suggest you check out a copy of the book and read it. It will put your mind at ease to some extent.

Good luck.
jtdavid,

I'm not the OP but will check out the book that you recommend.
by oragne lovre
Sat Apr 23, 2022 10:21 am
Forum: Investing - Theory, News & General
Topic: TSLA: What Changed?
Replies: 1158
Views: 137337

Re: TSLA: What Changed?

Right now GM and Ford's most profitable vehicles are ICE trucks with a lot of accessories. To win the EV future they will have to erode or cannibalize that business and everything associated with it, all while their investors are patient enough or have the conviction they will win the future with EVs. How likely is that to happen? Tesla is starting with a clean slate, their is no legacy business to untangle. I can also envision Tesla being like Apple, they have their cult followers with extreme brand loyalty because the cars are about the entire experience since Tesla makes the chips, app store, batteries, software, design, direct to consumer(no dealer network) and electric charging network so the whole experience integrates together. The ...
by oragne lovre
Thu Apr 21, 2022 11:05 pm
Forum: Investing - Theory, News & General
Topic: TSLA: What Changed?
Replies: 1158
Views: 137337

Re: TSLA: What Changed?

Right now GM and Ford's most profitable vehicles are ICE trucks with a lot of accessories. To win the EV future they will have to erode or cannibalize that business and everything associated with it, all while their investors are patient enough or have the conviction they will win the future with EVs. How likely is that to happen? Tesla is starting with a clean slate, their is no legacy business to untangle. I can also envision Tesla being like Apple, they have their cult followers with extreme brand loyalty because the cars are about the entire experience since Tesla makes the chips, app store, batteries, software, design, direct to consumer(no dealer network) and electric charging network so the whole experience integrates together. The ...
by oragne lovre
Sun Apr 10, 2022 7:14 pm
Forum: Investing - Theory, News & General
Topic: TSLA: What Changed?
Replies: 1158
Views: 137337

Re: TSLA: What Changed?

https://www.youtube.com/watch?v=fiwUE_2JhvY Watch their CyberRodeo show to get idea of all going on with TSLA, its live now Makes me so proud and happy to have all my money on this company. Legacy auto is in some deep doo doo. Mary led :sharebeer Absolutely not the place to discuss this. You need to be on reddit somewhere. You've got what, $1m in one stock? This is all about low cost indexing. Buying the whole haystack. Diversifying away non-systematic stock risk. Stock fans blow in here, and blow out here when things go wrong. Sometimes they return highly chastened. More often not, than than though. Imo, I think it's fine if people comment. Either they'll end up victorious or they won't. I live vicariously through others. It's about as us...
by oragne lovre
Thu Mar 31, 2022 10:59 pm
Forum: Investing - Theory, News & General
Topic: TSLA: What Changed?
Replies: 1158
Views: 137337

Re: TSLA: What Changed?

Tesla shareholders will likely vote for another TSLA stock split in upcoming annual shareholders' meeting.
by oragne lovre
Sat Dec 04, 2021 9:36 pm
Forum: Investing - Theory, News & General
Topic: Starting to feel like a schmuck for buying total market funds!
Replies: 76
Views: 12375

Re: Starting to feel like a schmuck for buying total market funds!

The total market is always going to include stuff that you or I think is awful, it goes with the total market territory. But what percentage of the money we are putting into Total Stock is going into IPOs? Let's see if I can get some numbers to do some back-of-the-envelope arithmetic. This says For the year, FactSet data shows that the volume of IPOs more than doubled from 2019, with 494 IPOs recorded for all of 2020. In aggregate, IPOs raised $174 billion in 2020 So we are talking about $174 billion in a market of very roughly $50,000 billion, or about 0.35%. (And as others have noted above, I don't know that they all were bought by Total Stock). I can tolerate 0.35% going into stuff I don't like. That's 99.65% going into stuff that is no...
by oragne lovre
Wed Oct 20, 2021 9:46 pm
Forum: Personal Consumer Issues
Topic: TV: Size vs. quality?
Replies: 108
Views: 11558

Re: TV: Size vs. quality?

vanbogle59 wrote: Wed Oct 20, 2021 10:27 am
protagonist wrote: Tue Oct 19, 2021 10:21 pm At the same price point, which would you choose?

For example, a 75 inch TCL 4-series (entry level) smart Roku TV is a little cheaper than a 55" TCL 6-series. Which is a better purchase?

And for the price of a 50-55 inch OLED set you can get a huge entry level TV.

I always thought with TVs that size really matters, assuming you have a large enough room.

Opinions?
Get a reasonably sized OLED, but don't break the bank.
Now, empty your wallet into your sound system.
The neighbors will hate you, but movie night will be AWESOME!
+1
by oragne lovre
Thu Sep 23, 2021 11:36 pm
Forum: Personal Consumer Issues
Topic: Best thank you gift for nursing group who helped me after surgery
Replies: 30
Views: 4400

Re: Best thank you gift for nursing group who helped me after surgery

I would also suggest a letter with their names to someone like head of nursing or even president's office. They'll route it where it needs to go, but it's nice if they are aware also, even if only in general. Mention which floor/service, e.g., "4th floor surgical" and perhaps also add room number. I assume that they hear from patients more about complaints than kudos, etc. This will probably go on their record, and might even get them some special type of recognition.) And as mentioned, it will make each of them very happy. RM I vote for this suggestion. Accompanied boxes of chocolates or tasty snacks would be nice. Bouquets of flowers may be easily forgotten since busy nurses, who sometimes don't have to eat properly, may apprec...
by oragne lovre
Sat Sep 11, 2021 5:38 pm
Forum: Personal Investments
Topic: Retiring Soon Looking for Financial Advisor
Replies: 37
Views: 5023

Re: Retiring Soon Looking for Financial Advisor

pkcrafter wrote: Fri Sep 10, 2021 7:37 pm geneva54, are you looking for someone to manage your money, or are you looking for a one time review and recommendation on moving into retirement? Assets under management will cost 1% or more/year and a one-time financial review might cost 4-6K, maybe more, for a one-time plan. Knowledgeable posters here can provide a lot of help with suggestions, recommendations, and good references, so you might just want to try Bogleheads first.

If you want to see what Bogleheads have to say, post according to this--

Asking portfolio questions

viewtopic.php?f=1&t=6212

Just posting according to this above link will help you get grounded.

Paul
I think this link is a very good starter.
by oragne lovre
Fri Aug 20, 2021 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security / 35 highest earnings years
Replies: 95
Views: 15011

Re: Social Security / 35 highest earnings years

For those married persons who work hard to earn a lot but unfortunately succumb to lethal diseases such as cancers, will their spouses get something out of deceased's SS benefit? The reason I ask is because a friend of mine, who has earned on average 300,000.00 a year, was recently diagnosed with end-stage cancer and will probably pass away very soon. He has worked hard for about 20 years and now unfortunately ends up this way. His wife doesn't earn much and now has to plan for the future of herself and two children.
by oragne lovre
Sun Aug 08, 2021 6:04 pm
Forum: Personal Consumer Issues
Topic: Perfecting Cold Brew Coffee
Replies: 47
Views: 4966

Re: Perfecting Cold Brew Coffee

Ah, a topic close to my heart. :) It's taken some experimentation, but I'm pretty happy with the cold brew I'm making now. Ratio: I use 12 oz of coffee grounds per 7 cups of water to make the concentrate. When I drink it, I dilute the concentrate by 2 parts water to 1 part concentrate. Time: I brew between 12 and 24 hours. I can't tell much difference between 12 and 24 hours. I don't actually refrigerate while it brews, I just leave it out on the countertop. Beans: I use Peet's Major Dickason's Blend. I purchase whole beans (at Costco in bulk) and grind them coarsely in a burr grinder. I buy in bulk because my wife and I will go through a pound of beans in a week. Equipment: I use a Toddy Cold Brew system , which looks very similar to the ...
by oragne lovre
Thu Jul 22, 2021 11:54 pm
Forum: Personal Consumer Issues
Topic: Trip to Southern Spain???
Replies: 24
Views: 3182

Re: Trip to Southern Spain???

I also planned a trip to Southern Spain, then the COVID pandemic has put everything on hold. I'm still fine-tuning my Spanish for this trip when the pandemic is improved. Anybody with experience of renting an apartment?
by oragne lovre
Sat Jul 03, 2021 1:25 pm
Forum: Non-US Investing
Topic: Countries that DON'T tax US Roth 401k/IRAs?
Replies: 60
Views: 13551

Re: Countries that DON'T tax US Roth 401k/IRAs?

I'm a US citizen interested in retiring early abroad, but I'm very much turned off that many countries would claim tax on US-based ROTH investments which were earned and invested before moving. It's a reciprocal dislike. The US taxes UK ISAs, French PEA accounts, Canadian TFSAs, and so on, if anyone holding one of these locally tax-free accounts becomes a US tax resident. Is there a list of countries that WON'T tax US-based Roth investments? Bonus if they don't touch other US-sourced income, but not mandatory. Thanks in advance! Entries marked "Territorial taxation" from this table in Wikipedia look promising: International taxation - Wikipedia Additionally, a few countries have a system that is territorial provided offshore (to ...
by oragne lovre
Sat Jun 19, 2021 10:49 pm
Forum: Personal Investments
Topic: How do you handle "fun money"?
Replies: 89
Views: 11960

Re: How do you handle "fun money"?

I had some fun money that I put in TSLA about 6 years ago. I've had some excitement riding the TSLA roller coaster for past several years :)
by oragne lovre
Fri Jun 18, 2021 10:31 am
Forum: Personal Finance (Not Investing)
Topic: So now you're dead -- how does your executor find all your accounts & bills?
Replies: 184
Views: 41486

Re: So now you're dead -- how does your executor find all your accounts & bills?

anoop wrote: Thu Jun 10, 2021 9:22 pm the title is a bit funny. it reads as if it is about how the guy that killed you finds all your accounts & bills. :)
The title works well; it has made me read the thread that is full of helpful tips.
by oragne lovre
Sun Jun 13, 2021 5:09 pm
Forum: Personal Investments
Topic: I'm being "invited" to "pre-register" for an IPO (Doximity)
Replies: 98
Views: 14191

Re: I'm being "invited" to "pre-register" for an IPO (Doximity)

Is this just another "Facebook for x" dime a dozen clones selling your data for targeted ads or does it have a real business model? Are you implying Facebook's business model isn't attractive? Selling user demographic and browsing data to advertisers and then selling targeted ads is good for Facebook, but not so much for the thousands of clones catering to a specific demographic. Doing some research since I made that post and reading this thread tells me that its dialer pro product is essentially worthless because of poor implementation. And now…Microsoft teams does it…much better than Doximity. This company is a classic 90’s dot com flash in the pan. Buyer be warned. I am warned. I'll check back on this company and this thread i...
by oragne lovre
Fri Jun 11, 2021 11:06 am
Forum: Personal Consumer Issues
Topic: Acoustic Guitar Help
Replies: 65
Views: 7147

Re: Acoustic Guitar Help

:thumbsup My advice is to ignore brands. You absolutely MUST play the actual guitar you're considering purchasing. With an electric, there are brands you don't have to do this with (Music Man, PRS) but with acoustics, an Ovation S771 mid bowl next to another Ovation S771 mid bowl at the guitar store, both with brand new, identical strings could play completely different. Yes, what he said. I have played for 35 years. For an acoustic guitar purchase that you want to keep for the long term, you really have to play several and choose the one that speaks to you, and feels good in your hands. For example, my Dad has 4 expensive Martins and only 1 of them is enjoyable for me to play (he says I have "feminine hands"). The very first time...
by oragne lovre
Fri Jun 11, 2021 11:05 am
Forum: Personal Consumer Issues
Topic: Acoustic Guitar Help
Replies: 65
Views: 7147

Re: Acoustic Guitar Help

I'm a musical artist and have been playing on the same acoustic (Alvarez with inserted pickup and adjustable bridge) and electric guitars (Les Paul) I bought in the mid- 80's. I haven't bought anything new because I love the sound of both. It's an artistic choice. I love the action on both. The acoustic is as low as the electric. Music is about creating sound in an artistic way. So ask yourself why you need another guitar, what sound are you looking to make that you can't with the other ones? Some people love to collect guitars, and that's cool. I know guys that never play that have a bunch of guitars on stands in a room for the show. But if you're an artist, always bring it back to creativity. Are you looking for another sound brush? What...
by oragne lovre
Sat May 22, 2021 11:15 pm
Forum: Personal Consumer Issues
Topic: Tesla for people that keep cars a long time
Replies: 202
Views: 25448

Re: Tesla for people that keep cars a long time

It depends on your expectations. In theory electric cars should last longer because they have fewer parts that can fail, but any failures are going to be big ticket items like battery and a motor ..etc. Tesla's warranty for the battery I think is 8 years to retain 70% of battery life. So you may lose up to 25% of range by year 5, or 50% of range in year 9 and have a motor to replace - will you be happy? or will you want a new one with longer range? Unless they nerf your battery. There are S and X owners who no longer can do road trips because of super slow charging speeds. I have a 5 year old X (VIN 0002xx). Before COVID, I was doing “road trips.” Post COVID, I will again do road trips. My X is also 5-year-old this month. I did many long-d...
by oragne lovre
Sat May 22, 2021 11:03 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 1177
Views: 204274

Re: Year 2000 retirees using the '4% rule' - Where are they now?

willthrill81 wrote: Sat May 22, 2021 10:16 pm
alex123711 wrote: Sat May 22, 2021 8:52 pm Any further updates?
They're doing great. For the 30% U.S. stock, 30% ex-U.S. stock, and 40% TBM portfolio, the retirees had a nominal balance at the end of April of $1,075,323, which is $677,678 in year 2000 dollars. So they still have almost 17 years of spending remaining, assuming 0% real returns. Even if stocks dropped in value by 50% and never recovered, they would still have more than enough with 0% real returns to make it the remaining 9 years to the 30 year mark.
I appreciate you for the initiation and update of this thread.
by oragne lovre
Sun May 09, 2021 5:42 pm
Forum: Personal Consumer Issues
Topic: Tesla’s regenerative braking
Replies: 65
Views: 7894

Re: Tesla’s regenerative braking

We’ve been thinking of buying an EV, specifically a Tesla. So, yesterday I test drove model Y. I liked the car overall but one thing that really annoyed me was regenerative braking, which the sales guy said was standard on all the latest models and can’t be turned off. I’m wondering if I will ever be able to get used to it. How long did it take for those of you who found themselves in this situation? Thank you. It took me couple of days to get used to it. Now I'm addicted to it because it takes away all the fatigue of right foot the lower back discomfort when I take long-distance trips. I also gives me a piece of mind because my mind doesn't have to be in a constant state of alertness just for promptly pressing on a brake pedal at those fu...
by oragne lovre
Fri Apr 30, 2021 9:35 am
Forum: Investing - Theory, News & General
Topic: Crypto alt coins- what exactly are you buying?
Replies: 98
Views: 10348

Re: Crypto alt coins- what exactly are you buying?

I bought Stellar Lumens at $0.08 for fun. Why? Here is my rational: Lumens = Light. Stellar reminds of me stars. I figured "Star Light" is in space, and that's where I wanted my "investment" to go, to space. From a Random Walk Down Wall Street "Tronics boom" of 1959-1962 With the dawn of the space age, every electronics stock suddenly took off like a rocket on Wall Street, reaching valuation levels not unlike Internet stocks today. And just like a "dot com" can help an obscure offering surge into the stratosphere today, the key to a stocks success could often be found in its name in the 1960s as well. "I call it the tronics boom because these soaring stocks usually had some form of tron or troni...
by oragne lovre
Wed Dec 09, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: TESLA Valuation
Replies: 111
Views: 9041

Re: TESLA Valuation

Gufomel wrote: Mon Dec 07, 2020 1:15 pm
Jack FFR1846 wrote: Mon Dec 07, 2020 12:44 pm At the point that people understand that Amazon is just an online book seller, the value will re-align with reality......and earnings.
FIFY
:D
by oragne lovre
Wed Dec 09, 2020 10:11 pm
Forum: Investing - Theory, News & General
Topic: If Bonds are so Terrible, Why are they up so much for the year?
Replies: 155
Views: 14526

Re: If Bonds are so Terrible, Why are they up so much for the year?

Because interest rates are down. The gains we have seen are largely due to falling interest rates thanks to the pandemic. In simple terms: If you own a bond paying X% and rates fall to less than X%, then people will be willing to pay more for your bond than for a new issue, so the value of your bond increases. But the process works the same in reverse. If rates rise, people won’t want to buy your bond since they get a new issue that pays more, so the value of your bond decreases. With that said... Right now, interest rates are at rock bottom levels. As such, any bonds that you buy will pay you *very* little plus they will lose value when rates increase. Thanks for the explanation I hear people say don't invest in bonds. Who said this? Some...
by oragne lovre
Thu Dec 03, 2020 10:32 pm
Forum: Personal Investments
Topic: Short Tesla?
Replies: 94
Views: 8905

Re: Short Tesla?

Do you think you know better than the market? If so, then go ahead and please report back to us how it goes.
by oragne lovre
Sun Nov 29, 2020 10:35 pm
Forum: Personal Investments
Topic: Tesla Motors Stock
Replies: 264
Views: 60817

Re: Tesla Motors Stock

I've resurrected this approximately 61/2-years-old post because it may serve as a testament to late John Bogle's "Nobody knows nothing" declaration, especially about a particular stock. I can guess but I don't really know which way it goes.
by oragne lovre
Tue Nov 24, 2020 11:18 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 313
Views: 45781

Re: Bitcoin: What is it, in Plain English

Bitcoin is def not for everyone and I agree with the poster above that this forum is probably made up of people who are 50 or older. I’m in my mid 30’s and I can tell you Bitcoin is talked about a lot in the professional circles I run around in. Nobody is saying go all in on Bitcoin but a lot of young professionals are anywhere from 1-15% as part of their retirement portfolio. My wife and I are both teachers and have about $330,000 in retirement. About 15% of that is Bitcoin and we are lucky enough to have healthy pensions when we retire so we have the ability to be very aggressive. 85% is in VTSAX and 15% in in GBTC (Bitcoin fund) and we use it in our Roth IRA. The world changes and older generations don’t always understand the new wave o...
by oragne lovre
Thu Nov 19, 2020 11:42 pm
Forum: Investing - Theory, News & General
Topic: [You are] forced to buy TSLA - and it may cost you 5% of your 401k
Replies: 100
Views: 12703

Re: [You are] forced to buy TSLA - and it may cost you 5% of your 401k

I have an ignorant question on the nuts and bolts of this. Tesla joins s and p 500.... all future contributions a % of investment touches Tesla. What about money already in VTSMX? Does something have to be sold to buy Tesla? Or is this just all future money? Perhaps I am not explaining my question right but trying to wrap my head around it. And Tesla is just the example because it’s happening now. The question is generally speaking. Tesla is already in Total Stock. And nothing needs to be done. The shares have already been bought. If Tesla increases in value, and becomes a bigger percentage of the stock market the fund doesn't need to do anything, the shares it already owns increase in value and become a bigger percentage of the fund. If T...
by oragne lovre
Wed Nov 11, 2020 10:23 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3606
Views: 562137

Re: So excited about reaching personal milestone and no one that I can tell.

Congratulations!
You're not alone when you say that no one that you can tell. I came to share sheepishly on this forum years ago when I could not tell anyone either :)
by oragne lovre
Tue Nov 10, 2020 11:04 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 396
Views: 44082

Re: Tesla becomes most valuable car company in the world

guyinlaw wrote: Tue Nov 10, 2020 3:02 pm Brief history of Tesla and Elon Musk's Full Self Driving(FSD) promises.

Image

And I am still a believer. He will deliver! (SI)
Looking at your motto, I agree that time is Bogleheads' friend, impulse to impulsively endorse or reject is Bogleheads' enemy. We get some time and will revisit this discussion.
by oragne lovre
Thu Oct 29, 2020 12:05 am
Forum: Personal Consumer Issues
Topic: Tesla Full Self Driving Option
Replies: 177
Views: 16451

Re: Tesla Full Self Driving Option

This is not FSD, but the included Autopilot: "General Motors’ Super Cruise system topped Consumer Reports testing of assisted driving technology, leaving Tesla’s Autopilot “a distant second,” the consumer research nonprofit reported Wednesday." https://www.cnbc.com/2020/10/28/gms-super-cruise-tops-teslas-autopilot-in-consumer-reports-testing.html There is no guarantee Tesla will be even first with true FSD. Hah - Tesla Autopilot scored 9/10 for performance, while supercruise was 8/10. Tesla was docted points due to Supercruise using a driver-facing camera to verify eyes on the road, vs Tesla using a steering wheel torque sensor. Cadillac is also limited to pre-mapped highways, Tesla autopilot is not. That is a HUGE gap. In fact, ...
by oragne lovre
Thu Oct 15, 2020 10:07 pm
Forum: Personal Consumer Issues
Topic: Buying a Tesla
Replies: 84
Views: 9521

Re: Buying a Tesla

I used to drive a Camry for more than 300 thousand miles for 23 years and never thought about buying a "luxurious" car. After I drove a Tesla, I have never looked back.

Buy it. You'll smile almost every day :D
by oragne lovre
Wed Sep 30, 2020 5:59 pm
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 147
Views: 21903

Re: Were you nervous when you retired?

FiveK wrote: Sat Sep 26, 2020 1:50 pm Because finances themselves are not an issue in your case: to the extent you think your job defines you and you like that definition, you should stay with the job. To the extent your self-image is not tied to your job, you should leave. Good luck!
I've occasionally attempted to define a retirement but been unsuccessful until now when I read your comment.

Thanks
by oragne lovre
Sat Sep 12, 2020 10:01 pm
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 160
Views: 14265

Re: Is it really passive index if S&P actively excludes Tesla?

You are missing the main point, that there are numerous ways a company is profitable. Business models that are not even in existence today, will someday be a huge part of the economy. Just because we don't understand it today doesn't mean a particular business model is less valid. We do understand this one, and it is invalid, and it is material. TNWoods No way. Yes way. :beer We do understand this one, and it is invalid, and it is material. TNWoods No way. Yes way. Okay :beer :beer I cannot remember any stock before TSLA that made so many people upset, on all sides. A majority of the Tesla threads here at Bogleheads are people suffering emotional distress, sometimes severe, because of TSLA. Some people are upset that S&P hasn't yet inc...
by oragne lovre
Sat Sep 12, 2020 9:12 pm
Forum: Investing - Theory, News & General
Topic: Words of Wisdom William Bernstein_chat w/Ben Carlson
Replies: 82
Views: 21673

Re: Words of Wisdom William Bernstein_chat w/Ben Carlson

Bill Bernstein wrote: Sat Apr 04, 2020 12:24 pm Readers of my recent books will know that I favor short Treasuries and CDs for emergency money, upcoming consumption needs, and dry powder.

There's nothing wrong with having some municipals and corporates, but you can't count on them during periods when you're going to need capital the most. You always want to be sure there are plenty of T's and CDs in front of them.

Finally, TIPS are usually a fine holding for defeasing years and decades of upcoming consumption needs, though their current prices and yields are atrocious.

Bill
Thanks
by oragne lovre
Wed Jul 22, 2020 9:51 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 396
Views: 44082

Re: Tesla becomes most valuable car company in the world

Should we look at the author's subject heading "Tesla becomes most valuable CAR company in the world" through techies' lenses so that it would become "Tesla becomes most valuable TECHNOLOGY-IN-DISGUISE-IN-THE-SHAPE-OF-A-CAR company in the world?" :wink: Their revenue is 85% automotive. It doesn't help me understand the stock price to call them a tech company that makes cars, because that still doesn't provide an understandable and especially a quantifiable way of predicting the future net revenue that justifies today's stock price. And if we look at their value as predicated more on their tech development than their automative revenue potential, then it seems to me we should think of them less in terms of introducing a ...
by oragne lovre
Fri Jul 17, 2020 12:27 am
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 396
Views: 44082

Re: Tesla becomes most valuable car company in the world

Should we look at the author's subject heading "Tesla becomes most valuable CAR company in the world" through techies' lenses so that it would become
"Tesla becomes most valuable TECHNOLOGY-IN-DISGUISE-IN-THE-SHAPE-OF-A-CAR company in the world?" :wink:
by oragne lovre
Sat Jul 11, 2020 7:17 pm
Forum: Personal Consumer Issues
Topic: [Tesla owners - opinions?]
Replies: 36
Views: 3762

Re: [Tesla owners - opinions?]

Background: I drove a 1997 Toyota Camry for 23 years, logging on more than 300K miles, and never thought about getting a "luxury" car until recently.

Model S 2019: It can be blistering fast when I need its speed to join in freeway flows without annoying next lane's drivers.
Model 3 2018: It is perfect for daily commuting for work because it consumes less energy; it can be really fun to drive thanks to its smaller size.
Model X 2016: It is best for hauling my entire family on long-distance trips. Its panoramic glass roof works well for me since I enjoy sceneries during trips.

My 2 cents. Hope it helps.
by oragne lovre
Sat Jul 11, 2020 6:10 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 396
Views: 44082

Re: Tesla becomes most valuable car company in the world

I am also glad that a Tesla thread is back on this forum where all commenters are now discussing with cool heads. I initially got one TSLA share of $100 with my fun money since all the rest of my investing money was in index funds. I decided to get TSLA share because I liked the idea of someone making cars that do not make my garage smell oil and gas. I then read more about how a guy by the name EM, who kept going to achieve his ambitious goals, which may seem outrageous to many people, even though he ran into many failures. I also got to know that EM liked Aristotle's life philosophy, which I also loved. All of a sudden, I liked the guy and his resilience. I then put some more fun money into TSLA whenever its price dipped down drastically....