Search found 2822 matches

by Petrocelli
Fri Dec 25, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 38625

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

2019 Mercedes C300 Coupe. My favorite car ever. I love having a two door because the from seats are bigger when there is no back seat. Fast, quiet, and comfortable. https://1b1f6453e8f63d460b5d-5e107ff82f374c6fed6e3c4eb308f964.ssl.cf1.rackcdn.com/WDDWJ6EB6LF969345/6146d4d158e6ca25ccf7aa1df5240a6f.j...
by Petrocelli
Fri Dec 25, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: What NON-frugal thing did you do today?
Replies: 161
Views: 11297

Re: What NON-frugal thing did you do today?

Spent $175 on dinner from a fancy restaurant for Christmas Eve dinner. The guy who handed me the food has been a regular waiter for me over the years. I assume he's had a rough year, so I tipped him $50.
by Petrocelli
Thu Dec 24, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: What NON-frugal thing did you do today?
Replies: 161
Views: 11297

Re: What NON-frugal thing did you do today?

Got my wife $1,200 earrings for Christmas.

Happy holidays to all!
by Petrocelli
Thu Dec 24, 2020 1:30 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 38625

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

2019 Mercedes C300 Coupe. My favorite car ever. I love having a two door because the from seats are bigger when there is no back seat. Fast, quiet, and comfortable. https://1b1f6453e8f63d460b5d-5e107ff82f374c6fed6e3c4eb308f964.ssl.cf1.rackcdn.com/WDDWJ6EB6LF969345/6146d4d158e6ca25ccf7aa1df5240a6f.jpg
by Petrocelli
Fri Oct 30, 2020 6:37 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1237
Views: 74133

Re: What are you listening to now

I really like Taylor Swift's "Folklore."
by Petrocelli
Fri Oct 30, 2020 10:27 am
Forum: Personal Consumer Issues
Topic: Best charity to help dogs?
Replies: 29
Views: 1434

Re: Best charity to help dogs?

Thank you for all the great responses!
by Petrocelli
Wed Oct 28, 2020 2:01 pm
Forum: Personal Consumer Issues
Topic: Best charity to help dogs?
Replies: 29
Views: 1434

Best charity to help dogs?

I want to leave some money in my will to a charity that takes care of dogs.

I heard the ASPCA has high overhead, so I am looking for a charity with Boglehead values.

Any recommendations?

Thanks.
by Petrocelli
Sat Oct 10, 2020 10:25 am
Forum: Personal Consumer Issues
Topic: Golf club membership - should I?
Replies: 39
Views: 5270

Re: Golf club membership - should I?

It is impossible to answer this question without more information. A full golf membership at my club requires a non-equity initiation fee of $250,000, and dues of $20,000 a year payable in one check on January 1. That is ridiculous from a cost/benefit analysis. I would have to golf 24 hours a day fo...
by Petrocelli
Fri Oct 09, 2020 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Would you rather be the richest or poorest person in town?
Replies: 109
Views: 8882

Re: Would you rather be the richest or poorest person in town?

Basic rule of real estate investing: Buy the cheapest house in the best area you can afford.

So I go with Town B.
by Petrocelli
Fri Oct 09, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Budget Comparisons
Replies: 68
Views: 5027

Re: Monthly Budget Comparisons

Three person household: Lawyer and teacher, and my son lives with us. (He pays $1,000 a month rent.) West Los Angeles, California Monthly spending (does not include mortgage and auto of $6,200) Property Tax: $1,200 Auto Insurance (includes my kids' cars): $1,250 Housekeeper: $640 Water and Power: $5...
by Petrocelli
Tue Sep 22, 2020 1:15 pm
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5665

Re: What can I expect from new golf clubs

Yes. You should absolutely get new clubs. Particularly irons. Look on Golf Digest's hot list for "game improvement irons." About two years ago, I got new Taylor Made Irons and a new Callaway Epic Flash driver. I also got a Stroke Lab putter. The irons made a huge difference. In particular,...
by Petrocelli
Sat Sep 19, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: Retiring to Canada
Replies: 54
Views: 4498

Retiring to Canada

Has anyone looked into retiring in Canada? If you have, what are the pros and cons?
by Petrocelli
Sat Sep 19, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649047

Re: Refinance Mega Thread

I just got a 30 year non-conforming loan. First 10 years are fixed at 2.625. Then it goes variable. However, since I will have the loan paid off in 10 years, the ARM portion of the loan is not a consideration. Have you checked if a 10 or 15 year FRM lowers the rate with your loan size? A 15 year wa...
by Petrocelli
Fri Aug 28, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649047

Re: Refinance Mega Thread

I just got a 30 year non-conforming loan.

First 10 years are fixed at 2.625. Then it goes variable. However, since I will have the loan paid off in 10 years, the ARM portion of the loan is not a consideration.
by Petrocelli
Thu Aug 27, 2020 4:48 pm
Forum: Personal Consumer Issues
Topic: "Hobby" Money: Planes, cars, boats etc...
Replies: 114
Views: 8045

Re: Costs to own a plane

More than a $5,000 watch.
by Petrocelli
Tue Aug 25, 2020 1:45 pm
Forum: Personal Consumer Issues
Topic: Low Earner... Creative ways to own a Tesla Model 3?
Replies: 101
Views: 8070

Re: Low Earner... Creative ways to own a Tesla Model 3?

If you don’t drive too many miles annually, lease one. Do NOT lease a Tesla. The Tesla lease program is terrible. I was looking at a Tesla Model 3 for my last car. I was also considering a Mercedes C300 Coupe. Long story short: a Mercedes with a sticker of $50,500 leased for the same as the base Mo...
by Petrocelli
Thu Aug 13, 2020 2:44 pm
Forum: Personal Consumer Issues
Topic: Products that last forever
Replies: 239
Views: 16501

Re: Products that last forever

A Rolex
by Petrocelli
Tue Aug 11, 2020 7:46 pm
Forum: Personal Consumer Issues
Topic: What price range for Daughter's first car?
Replies: 122
Views: 5881

Re: What price range for Daughter's first car?

I think $20k sounds about right. She should consider a Hyundai. Great cars fr the money. She could probably get a used one with low miles for $15,000. My son has a Kona. Safe and lots of safety features. Reliable. Low cost. Solid build. Niveride. With that said, I just got my 27 year old daughter a...
by Petrocelli
Mon Aug 10, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property investing and #'s explained (why real estate can be a great investment)
Replies: 138
Views: 9296

Re: Rental property investing and #'s explained (why real estate can be a great investment)

My wife inherited a rental property. It was a great investment. Until we had a bad tenant, a series of lawsuits, lawyer bills, an EPA investigation, a toxic chemical clean up. But even in the worst times, it generated lots of cash mostly because it didn't have a mortgage. With that said, I NEVER, EV...
by Petrocelli
Mon Aug 10, 2020 9:09 pm
Forum: Personal Consumer Issues
Topic: What price range for Daughter's first car?
Replies: 122
Views: 5881

Re: What price range for Daughter's first car?

I think $20k sounds about right. She should consider a Hyundai. Great cars fr the money. She could probably get a used one with low miles for $15,000. My son has a Kona. Safe and lots of safety features. Reliable. Low cost. Solid build. Niveride. With that said, I just got my 27 year old daughter a ...
by Petrocelli
Sat Aug 01, 2020 9:49 am
Forum: Personal Consumer Issues
Topic: Who is your favorite fiction author and what is your favorite book of theirs?
Replies: 216
Views: 15276

Re: Who is your favorite fiction author and what is your favorite book of theirs?

zanerta wrote: Fri Jul 10, 2020 6:55 pm Mother Night by Vonnegut and Catch-22 by Joseph Heller
Mother Knight is outstanding. I forgot about it until I saw your post.
by Petrocelli
Fri Jul 31, 2020 12:50 pm
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 9060

Re: How long to keep a car

I lease a car for 15,000 miles a year. When it hits 44,000 miles, I take it back and get a new one. I get a new car about every 32-36 months. So I am really messing up that average.
by Petrocelli
Tue Jul 28, 2020 8:40 pm
Forum: Investing - Theory, News & General
Topic: From lender's perspective, why would they lock in such low long-term debt?
Replies: 61
Views: 6227

Re: From lender's perspective, why would they lock in such low long-term debt?

Rates are insanely low.

I just refinanced a mortgage at 3.825%.

I got a 10 year fixed for 2.625% for 1/4 point with the same bank.

Crazy.
by Petrocelli
Tue Jul 21, 2020 3:08 pm
Forum: Personal Consumer Issues
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 53
Views: 4502

Re: Advice on Buying a Certified Pre-Owned BMW

Solid deal! I am in Texas and nothing close to that price/miles within the state. That's how I felt. There are not a lot of 3 year lease returns with that low mileage. FYI, I have since learned that this car was a loaner. Some people would never consider a loaner, but I don't see the big deal. I sa...
by Petrocelli
Tue Jul 21, 2020 2:39 pm
Forum: Personal Consumer Issues
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 53
Views: 4502

Re: Advice on Buying a Certified Pre-Owned BMW

I thought I'd just update everyone on how this turned out. I got my daughter a CPO 2017 BMW 330e with only 8,200 miles for $24,100. Since she drives only about 6,000 miles a year, I figure she should be able to get 6 or 7 years out of the car. Thanks to everyone for their help and guidance. Solid d...
by Petrocelli
Tue Jul 21, 2020 2:37 pm
Forum: Personal Consumer Issues
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 53
Views: 4502

Re: Advice on Buying a Certified Pre-Owned BMW

If you want a 100k mile guarantee, buy a Hyundai My son is the saver of my two kids. Last week, I gave him $20,000 because I bought my daughter a car and felt he should get something too. He put the money in Vanguard Short Term Bond Index to save for a house. Not coincidentally, he drives Hyundai K...
by Petrocelli
Mon Jul 20, 2020 1:18 am
Forum: Personal Consumer Issues
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 53
Views: 4502

Re: Advice on Buying a Certified Pre-Owned BMW

palanzo wrote: Sun Jul 19, 2020 5:30 pm
I hope your daughter is ready and willing to pay the maintenance costs for the next 6 or 7 years.
Actually, I will probably pay those.
by Petrocelli
Sun Jul 19, 2020 3:31 pm
Forum: Personal Consumer Issues
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 53
Views: 4502

Re: Advice on Buying a Certified Pre-Owned BMW

I thought I'd just update everyone on how this turned out.

I got my daughter a CPO 2017 BMW 330e with only 8,200 miles for $24,100. Since she drives only about 6,000 miles a year, I figure she should be able to get 6 or 7 years out of the car.

Thanks to everyone for their help and guidance.
by Petrocelli
Fri Jul 17, 2020 10:57 am
Forum: Personal Consumer Issues
Topic: Anyone else love this new working from home thing?
Replies: 89
Views: 6554

Re: Anyone else love this new working from home thing?

I hate working from home for two reasons: 1. I miss people. 2. One month before the lockdown, my firm moved into beautiful new offices, and I got the biggest corner office 40 floors up. As soon as I started getting used to it, we got shut down. I have still been going into the office about 4 days a ...
by Petrocelli
Tue Jul 14, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Tesla Model 3/Tesla financial performance
Replies: 58
Views: 3819

Re: Tesla Model 3/Tesla financial performance

I test drove one. I also went on a long ride with an owner a few months back. I also think the car is overpriced. The interior is cheap. The car is really noisy at high speeds. Also, lease deals on Model 3s are terrible. I lease a Mercedes with a sticker of about $54,000 for about what it would cost...
by Petrocelli
Mon Jul 06, 2020 12:34 pm
Forum: Personal Consumer Issues
Topic: Boglehead Way to buy an Audi
Replies: 91
Views: 6066

Re: Boglehead Way to buy an Audi

Since 2003, I have leased a C class Mercedes. I get a 45,000 miles 3 year lease. When I get to 44,000 miles, I bring it back and get another one. German auto makers will write off up to 6 months of payments if you get another one. So I think I have leased around 7 or 8 Mercedes doing this. Right now...
by Petrocelli
Fri Jul 03, 2020 9:55 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1237
Views: 74133

Re: What are you listening to now

GoldenFinch wrote: Thu Jul 02, 2020 4:03 pm Why am I stuck on Led Zeppelin?
Most people stop listening to new music at age 35.
by Petrocelli
Fri Jul 03, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 152
Views: 10364

Re: Share your budget

My budget:

Save about $100,000 a year.

Spend the rest.
by Petrocelli
Sat Jun 20, 2020 3:42 pm
Forum: Personal Investments
Topic: AA recommendation? Just starting Roth IRA
Replies: 20
Views: 1067

Re: AA recommendation? Just starting Roth IRA

+1 for the target date funds. Most are 90/10 - 95/5 for something like a 2060 target date. The little bit of bonds allows the fund manager to buy more stocks in a downturn and sell stocks during a jump up (buy low/sell high). Look for low fees (<0.2%). They can really have an effect over 40 years. ...
by Petrocelli
Fri Jun 19, 2020 8:09 pm
Forum: Personal Investments
Topic: AA recommendation? Just starting Roth IRA
Replies: 20
Views: 1067

Re: AA recommendation? Just starting Roth IRA

I oversee the 401(k) plan at a law firm. I'm in my sixties. New lawyers ask me that question all the time. I'll tell you what I tell them: buy a Vanguard Target date based on the year you are going to retire. Put as much in it as you can. The bonds will adjust as you get older. So you'll always have...
by Petrocelli
Fri Jun 19, 2020 3:10 pm
Forum: Personal Consumer Issues
Topic: What to look for in a webcam?
Replies: 24
Views: 1094

Re: What to look for in a webcam?

My computer at work didn't have a built in camera, so I bought this one for $80. Note that the audio is not great so you probably want to buy a headset or a microphone. https://www.amazon.com/Webcam-Streaming-Recording-Built-Correction/dp/B07M6Y7355/ref=pd_ybh_a_1?_encoding=UTF8&psc=1&refRID...
by Petrocelli
Fri Jun 19, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Would you rent your house to a famous athlete?
Replies: 104
Views: 8260

Re: Would you rent your house to a famous athlete?

Absolutely.

As a landlord, I will tell you this: you are far more likely to have a problem with a poor tenant than a rich tenant.
by Petrocelli
Fri Jun 19, 2020 12:46 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1237
Views: 74133

Re: What are you listening to now

Phoebe Bridgers just released her second album Punisher. She is an amazing songwriter. Worth a listen.

https://www.metacritic.com/music/punish ... ic-reviews
by Petrocelli
Fri Jun 19, 2020 12:43 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1237
Views: 74133

Re: What are you listening to now

Homegrown — Neil Young. This is a just-released 45 year old Neil Young album, sounds pretty good! He’s had it in the vault all these years. He didn’t want to release it or even listen to it after he broke up with actress Carrie Snodgress — too many bad memories. It includes the late Levon Helm drum...
by Petrocelli
Thu Jun 18, 2020 6:50 pm
Forum: Personal Consumer Issues
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 53
Views: 4502

Re: Advice on Buying a Certified Pre-Owned BMW

If you get a good price on a lease (loaner etc with security deposit) base 3 series can be around 350\mo range which is pretty close to cpo + extened warranty cost + maintenance over 3-5 yrs given their low values and high maintenance costs after warranty has expired. In my experience, leases make ...
by Petrocelli
Thu Jun 18, 2020 6:38 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1237
Views: 74133

Re: What are you listening to now

Fetch the Bolt Cutters by Fiona Apple is outstanding. How did you like that dog barking at the end of the title track? She recorded it in her home studio. I haven’t absorbed it all yet but it’s interesting. This album has so much packed into it, that I haven't deciphered it yet. I feel like I am go...
by Petrocelli
Thu Jun 18, 2020 12:49 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6226
Views: 1420892

Re: What Movie Have You Recently Watched?

Last night, I rewatched The Usual Suspects . Great movie. It was written by Chris McQuarrie, who used to work in my copy room. In fact, almost all the characters in the movie are named after someone I have worked with. The villain, Keyser Soze is named after the managing partner of my law firm. It i...
by Petrocelli
Thu Jun 18, 2020 12:44 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1237
Views: 74133

Re: What are you listening to now

Fetch the Bolt Cutters by Fiona Apple is outstanding.
by Petrocelli
Wed Jun 17, 2020 9:26 pm
Forum: Personal Consumer Issues
Topic: My very first $martphone!!! Please help me decide.
Replies: 45
Views: 3194

Re: My very first $martphone!!! Please help me decide.

I have a Google phone. A good value. Very reliable and easy to navigate. Like it better than my previous Samsungs.
by Petrocelli
Wed Jun 17, 2020 9:23 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6226
Views: 1420892

Re: What Movie Have You Recently Watched?

Watched Hell or High Water on Netflix. Great Action. Great dialogue. Nominated for several Oscars.

Movie about brothers in West Texas robbing banks. Lots of good characters. Recommended
by Petrocelli
Wed Jun 17, 2020 8:31 pm
Forum: Personal Consumer Issues
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 53
Views: 4502

Re: Advice on Buying a Certified Pre-Owned BMW

Thanks for all the great responses. I would normally be concerned about buying a used German car. But my daughter has a 4 mile round trip to work. Her 7 year old car has only 40,000 miles on it, and that included several trips to and from Tucson from Los Angeles while in college. I'll definitely get...
by Petrocelli
Wed Jun 17, 2020 9:55 am
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 127
Views: 10955

Re: Best watch for $5,000+

Yopu know how you get those banner ads when you log into Google? Not coincidentally, I frequently get banner ads for watches. An add popped up the other day for an upcoming watch auction in Geneva. I was astounded at the prices of the watches. It's a fun browse but {SPOILER ALERT!} there are no $5,0...
by Petrocelli
Tue Jun 16, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 120149

Re: Why are you NOT buying rental properties?

Yesterday, I went into escrow to sell the last of my rental properties. This one had a factory on one side, and a building with 20 commercial units on the other. It generated a lot of income, but there were always headaches, which ranged from deadbeat tenants, to an environmental cleanup. Stocks an...
by Petrocelli
Tue Jun 16, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 53
Views: 4502

Re: A very expensive watch

Petrocelli: If you had not bought that $5,000 Watch you could afford to buy your daughter a new BMW. :happy Best wishes. Taylor Jack Bogle's Words of Wisdom: "The great game of life is not about money; it is about doing your best to join the battle to build anew ourselves, our communities, our...