Search found 103 matches

by imperio
Fri Sep 29, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Two year lease vs Buy and hold 10 years. A wash?
Replies: 54
Views: 4239

Re: Two year lease vs Buy and hold 10 years. A wash?

Title: Compare 2 year lease vs buy and hold for 10 years. You: Compared 5x 2year lease vs buy and hold for 10 years. Me: Compared 2 year lease vs buy and hold for 2 years. I guess you didn't read the title of the post OR its contents. In his first post, the OP specifically states... "$250/month sig...
by imperio
Fri Sep 29, 2017 10:41 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11330

Re: The Rolex and The Boglehead

Happy Friday everyone!

Image
by imperio
Thu Sep 28, 2017 5:27 pm
Forum: Personal Consumer Issues
Topic: Two year lease vs Buy and hold 10 years. A wash?
Replies: 54
Views: 4239

Re: Two year lease vs Buy and hold 10 years. A wash?

You shouldn't extrapolate the 2-year lease 5x. What you need to do instead is compare the 2 year lease vs buying a $27K car and selling it after 2 years. No, that is NOT the comparison the OP made and requested feedback for. Did you read the title of this post? "Two year lease vs Buy and hold 10 ye...
by imperio
Thu Sep 28, 2017 3:01 pm
Forum: Personal Consumer Issues
Topic: Two year lease vs Buy and hold 10 years. A wash?
Replies: 54
Views: 4239

Re: Two year lease vs Buy and hold 10 years. A wash?

I think shopping for super low/deal/pick the best/lease hacker type deals could come out ahead. I'm not seeing how you come to this conclusion. The OP presumably got a "super low/deal/pick the best/lease hacker" type lease deal you refer to. In fact, he states... "this special is very good for me b...
by imperio
Thu Sep 28, 2017 2:55 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11330

Re: The Rolex and The Boglehead

I paid $7,500 for a Rolex 2 years ago, and sold it a year later at $8,300. That is something I would never have been able to do with a Timex. Why would you pay $20 for a Timex watch when you can get paid $800 to wear a Rolex? :oops: I'm in favor of those who want a Rolex and can afford it buying on...
by imperio
Thu Sep 28, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11330

Re: The Rolex and The Boglehead

You really don't see any other differences at all between a hovel and mansion? Roof over your head is the only variable? Your "Rolex==Timex" was putting function over form. Functionally both a hovel and a house get you out of the rain. I don't believe a hovel is the same as a mansion. I don't belie...
by imperio
Thu Sep 28, 2017 2:22 am
Forum: Personal Consumer Issues
Topic: Two year lease vs Buy and hold 10 years. A wash?
Replies: 54
Views: 4239

Re: Two year lease vs Buy and hold 10 years. A wash?

Yes, I too had initially thought leasing was throwing money away and it was for spendthrifts who wanted new cars every 2 years. Once I ran the numbers on a total cost basis, I saw that they worked for my situation. No I didn’t try to make the numbers work for a car I wanted. It was a deal I chanced ...
by imperio
Wed Sep 27, 2017 11:18 pm
Forum: Personal Consumer Issues
Topic: Two year lease vs Buy and hold 10 years. A wash?
Replies: 54
Views: 4239

Re: Two year lease vs Buy and hold 10 years. A wash?

If you think it’s a good deal, OP, take it. It’s only $6,000 over two years. It won’t break the bank. If you figure you’re better off buying, you’re free to do so in 2019. If it turns out you really did better than buying, you can see if you could hop straight back into a similar lease. You don’t ha...
by imperio
Wed Sep 27, 2017 8:29 pm
Forum: Personal Consumer Issues
Topic: Two year lease vs Buy and hold 10 years. A wash?
Replies: 54
Views: 4239

Re: Two year lease vs Buy and hold 10 years. A wash?

I would go ahead if the numbers make sense for you. They did for me, so I ended up with a lease.
by imperio
Wed Sep 27, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11330

Re: The Rolex and The Boglehead

any tips from the rolexscenti about buying new steel Rolex from an AD? I'm looking to buy my first Rolex in Q1 2018. Is sub-MSRP attainable? I've heard yes from some, no from others. Buying new from AD varies greatly. Some give discounts on MSRP, some don’t. Some charge premiums on popular models. ...
by imperio
Wed Sep 27, 2017 7:39 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11330

Re: The Rolex and The Boglehead

gets by with a Rolex Never thought I'd hear this on the BH forum. But yes. A sports model Rolex is in fact THE watch for a frugal (not poor) person. Anyone who has spent a considerable amount of time researching this will find it impossible to argue against that statement. Of course, Rolex markets ...
by imperio
Wed Sep 27, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14384

Re: Bay Area Real Estate

my wife and i live in Burlingame. we moved out here about two years ago from a really low cost of living area in the midwest. housing costs aside we love the house we rent and the neighborhood. we both work and will likely continue to rent for the next few years. we're turning 30 this year and just...
by imperio
Wed Sep 27, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Weekend trip in Portland, Oregon - ideas?
Replies: 22
Views: 1425

Re: Weekend trip in Portland, Oregon - ideas?

Whakamole wrote:
Wed Sep 27, 2017 3:40 pm
Pok Pok is an excellent choice. I believe the owner has a few other Thai restaurants very close by, in case it is too crowded. Get the gin and tonic.

Widmer is a larger brewery but they are Portland-born and their pub is very nice.
Awesome! Looking forward :mrgreen:
by imperio
Wed Sep 27, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11330

Re: The Rolex and The Boglehead

How many Bogleheads out there own and wear a Rolex (or similar)? Those that do, any regrets? I'd like to one day own a nice watch but for right now I just admire them all. DW might not ever sign off on a watch that expensive but still I'm curious what other Bogleheads have to say. If you want to ch...
by imperio
Wed Sep 27, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11330

Re: The Rolex and The Boglehead

A used Rolex should actually be a BH's choice of watch. Let me illustrate how my Rolexes cost less than your $20 casio watches. I bought my first Rolex a few years ago, just 2 years after I graduated and started full time work. Since then, I have bought and sold 6 other Rolex watches, and currently...
by imperio
Wed Sep 27, 2017 3:03 pm
Forum: Personal Consumer Issues
Topic: Weekend trip in Portland, Oregon - ideas?
Replies: 22
Views: 1425

Re: Weekend trip in Portland, Oregon - ideas?

itstoomuch wrote:
Wed Sep 27, 2017 1:59 pm
Summer flora that oysters eat may be not be agreeable to your tummy. Oysters (local) at the oyster house in Old Town by Voodoo, are generally raw shooters. Avoid all potential disasters. :oops:
Gotcha. Thanks! No oysters this trip! :beer
by imperio
Wed Sep 27, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Weekend trip in Portland, Oregon - ideas?
Replies: 22
Views: 1425

Re: Weekend trip in Portland, Oregon - ideas?

Get a rental car. Get out of Portland and see Oregon. Avoid Portland as much as possible. Oregon is beautiful and wonderful, full of spectacular sites and views. I think you can see everything worth seeing in Portland itself in about 1 day. Max. Thanks, but we only have 1 day to explore! We'll do t...
by imperio
Tue Sep 26, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: Weekend trip in Portland, Oregon - ideas?
Replies: 22
Views: 1425

Re: Weekend trip in Portland, Oregon - ideas?

I use AirBnB while traveling but have never looked at Portland because I live here....well the suburbs. So I went on to see what is available for 2 in Mid-October. The AirBnB map shows neighborhood names. And there are a lot of places available. So I would stay in any of the neighborhoods around do...
by imperio
Tue Sep 26, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: Weekend trip in Portland, Oregon - ideas?
Replies: 22
Views: 1425

Re: Weekend trip in Portland, Oregon - ideas?

So far got a rough itinerary planned, mainly walking tour with stops, uber if need be, maybe find some interesting places along the way. Saturday - arriving around lunchtime 1st stop - Packouz 2. Urban waterfall at Ira Keller Fountain Park 3. Hawthorne Bridge 4. Dinner at La Moule Sunday 1. Check ou...
by imperio
Tue Sep 26, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: Weekend trip in Portland, Oregon - ideas?
Replies: 22
Views: 1425

Weekend trip in Portland, Oregon - ideas?

My fiancee and I fly into PDX Saturday morning, fly out Sunday night mid next month. This is an impromptu trip as we had to use up expiring miles. We need ideas on... 1. Accommodation . We plan to book an AirBnB so are looking for recommendations of areas to stay in i.e. no rough neighborhoods, idea...
by imperio
Tue Sep 19, 2017 8:33 am
Forum: Personal Consumer Issues
Topic: Car recommendation
Replies: 18
Views: 1622

Re: Car recommendation

An electric vehicle lease might be the way to go if you have regular access to a charging spot (work or nearby public charger since you mention you street park). Not sure if the Bolt qualifies as a sub compact SUV. You should try to get in before the rebates run out.
by imperio
Mon Sep 18, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Save/invest and buy house with cash - yes/no?
Replies: 16
Views: 1154

Re: Save/invest and buy house with cash - yes/no?

Paying a landlord's mortgage will make it very difficult to save. Many times a home can be bought for not much more than rent payments. A house is not just a place to live, it's an investment in real estate. I pay $1,950/month in rent for a 1Br/1Ba unit in a 4-plex in the San Francisco Bay Area. Ac...
by imperio
Mon Sep 18, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Save/invest and buy house with cash - yes/no?
Replies: 16
Views: 1154

Re: Save/invest and buy house with cash - yes/no?

Just toying with this idea this morning... Has anyone on this board ever done this or considered doing this? Instead of getting a mortgage on a house (first home), continue to rent, save, invest, and accumulate enough cash to pay for a house in cash. Or at least have the option of using 100% cash f...
by imperio
Mon Sep 18, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Save/invest and buy house with cash - yes/no?
Replies: 16
Views: 1154

Save/invest and buy house with cash - yes/no?

Just toying with this idea this morning... Has anyone on this board ever done this or considered doing this? Instead of getting a mortgage on a house (first home), continue to rent, save, invest, and accumulate enough cash to pay for a house in cash. Or at least have the option of using 100% cash fo...
by imperio
Fri Sep 15, 2017 6:54 pm
Forum: Personal Consumer Issues
Topic: Honda Customer Care - It Was Worth the Call
Replies: 6
Views: 1358

Re: Honda Customer Care - It Was Worth the Call

I bought the car "certified" used and it came with free oil changes. So I'm at the dealership every ~3K miles! :happy I've had ~20 free oil changes so far...I'm not sure how long this deal will last...perhaps they'll start charging me at 100K miles... Sounds like quite a deal you snagged! :beer
by imperio
Fri Sep 15, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Honda Customer Care - It Was Worth the Call
Replies: 6
Views: 1358

Re: Honda Customer Care - It Was Worth the Call

I had a similar experience with my Subaru Forester. It was just outside the 36K warranty period and the sunroof started to rattle. The dealership quoted me $900 to fix it, so I called Subaru of America. SOA arranged for the dealership to remove the entire sunroof assembly; the issue turned out to b...
by imperio
Tue Sep 12, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Rogue landlord (need advice on how to proceed)
Replies: 1
Views: 574

Rogue landlord (need advice on how to proceed)

A friend who recently moved back overseas after a 2 year work relocation stint in San Jose texted asking if I could call her ex-landlord/property manager to ask for the rent deposit back. He had not been responding to her text messages since she left the country. Her rent deposit refund was due mid ...
by imperio
Thu Sep 07, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: Auto body repair: What to do about car insurance?
Replies: 21
Views: 1479

Re: Auto body repair: What to do about car insurance?

To all posters in this thread who are saying keep insurance out of the picture; when do you actually put in a claim then? When your car has been totaled? I imagine there would be 3-4 side swipes for every total write-off incidents. How often do you write off a vehicle? If you expect to get in a cras...
by imperio
Sun Sep 03, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Does anyone use Driving Shoes?
Replies: 40
Views: 4065

Re: Does anyone use Driving Shoes?

I drive sans shoes if the journey is more than 5 minutes/couple miles. Anything less I can't be bothered to take them off and put them on at my destination again. I find driving barefooted to be the most comfortable.
by imperio
Sat Sep 02, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?
Replies: 36
Views: 3617

Re: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?

Well if you ever get lazy, like someone mentioned above our local VW dealer usually emails/mails us coupons which bring oil changes down to $50 or $60 all-inclusive. Which I think is ok. At that price, a quick detail (interior and exterior) is included and there aren't any greasy hand marks anywhere...
by imperio
Sat Sep 02, 2017 12:58 pm
Forum: Personal Consumer Issues
Topic: Would you rather (car wash/detail)
Replies: 31
Views: 2919

Would you rather (car wash/detail)

Would you rather: 1. Pay $25/month for an unlimited subscription to a exterior machine car wash + hand dry (we currently subscribe to this) Considerations - We have a black car and after a year of going through this, we can see swirl marks at certain angles in the light. From far it looks gorgeous ...
by imperio
Sat Aug 26, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: SUV thread (with a twist)
Replies: 44
Views: 4243

Re: SUV thread (with a twist)

If I were you I would take the car seats and stroller to along with me when viewing cars and see how they fit. In your price range, there're a range of cars you could go for. I would say you don't need one that fits both the strollers and 2 suitcases. For road trips, rent. You're going to be using t...
by imperio
Thu Aug 24, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 53
Views: 5804

Re: I did it and feel great about it (paid off mortgage)

Simple math tells all of us that it it best to keep a mortgage and invest. The emotional side of that equation tells us (me, at least) that being mortgage free is something that I really needed to experience. Mister Risk-Reward would ask you if you'd take out a mortgage/borrow against your house to...
by imperio
Thu Aug 10, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6692

Re: I pay $6K in rent. Am I an idiot for not buying?

What percentage of your income is going to housing? It may not be a good idea to spend that much -- regardless of whether it is rent or mortgage -- if it is interfering with your ability to save or otherwise live comfortably. On the other hand, it may not be a problem if you are saving and comforta...
by imperio
Tue Aug 08, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: Love your family car? Under $16,000 Used? Please share!
Replies: 39
Views: 4482

Re: Love your family car? Under $16,000 Used? Please share!

Hello all, We are moving to Monterey, CA from abroad and will need to buy a car. Neither of us have ever spent more than $4,000 on a car so this is pretty intimidating. We don't know anything about the process. I've read up on here about tracking down dealers and then having them bid against each o...
by imperio
Tue Aug 08, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9589

Re: When does renting make sense

You will spend more on your housing expense when you buy a house. KlangFool [Citation needed] Here's one.... ...Housing expenditures remained markedly different for homeowners and renters. Homeowners continued to spend a larger sum of money on housing than renters did; however, renters spent a larg...
by imperio
Tue Aug 08, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital - Questions about the "Cash Flow" feature
Replies: 23
Views: 2016

Re: Personal Capital - Questions about the "Cash Flow" feature

OP, as long as it makes sense to you, let it be. It does not have to be in accordance with GAAP.

Also, you can create your own categories I believe; i.e. you don't have to choose between "Healthcare/medical" or "insurance" - you can create a new category called Health Insurance.

Hope that helps.
by imperio
Mon Aug 07, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Please re-assess our financial situation (3 months later)
Replies: 4
Views: 902

Re: Please re-assess our financial situation (3 months later)

My only comment is that a Target fund in a taxable account is not your best choice in your tax bracket. It's not a bid deal now, since it contains only 10% bonds, but it will be a bigger deal later. When later arrives, you may have enough capital gains that you don't want to sell because of taxes. ...
by imperio
Fri Aug 04, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Any website to get paid carpooling?
Replies: 12
Views: 1038

Re: Any website to get paid carpooling?

Any website to get paid carpooling? I am traveling about 30 minutes to work by freeway in the bay area and I am wondering if I can actually earn money driving this distance by driving other people or doing something else? Yes you can get paid Commute with Scoop! Use my Scoop referral code to get $2...
by imperio
Thu Aug 03, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Please re-assess our financial situation (3 months later)
Replies: 4
Views: 902

Re: Please re-assess our financial situation (3 months later)

Thanks for the response! Current retirement assets [/b] His Taxable Non-emergency Savings (Northpointe 5% rate) - $10,000 Why so much non-emergency cash? I'm ok with a guaranteed 5% return. Her Taxable Non-emergency Savings (Discover 1.15%) - $25,000 Why so much non-emergency cash? I ask the same qu...
by imperio
Sun Jul 02, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Lease New Car?
Replies: 28
Views: 3129

Re: Lease New Car?

Using a very simple example - if I have $30,000 cash today, should I be buying a $30,000 car and selling after 3 years or leasing for 3 years? Buy method Pay $30,000 up front. Drive for 3 years Sell for $15,000. Depreciation cost = $15,000 Lease method Pay $0 up front. Put $30,000 in Ally Savings ac...
by imperio
Sun Jul 02, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Lease New Car?
Replies: 28
Views: 3129

Re: Lease New Car?

Decided to start a new thread of leasing.... So I have never leased prior and am now considering a lease. I have a 2015 Subaru Outback Limited w/ 29k miles and it cost $36k. I owe $26k and my payment to pay off in 3 years would be about $750. My math is as follows. 1) Lease a car for $300 a month w...
by imperio
Sun Jul 02, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Lease New Car?
Replies: 28
Views: 3129

Re: Lease New Car?

Never liked leasing, always wanted to own. However, since 1995, I've been leasing and love it. -new car every 3 years, state of the art -fun changing models -no repairs, little maintenance -frees up cash -not owning a depreciating asset -I feel safer -etc It's kind of like renting v owning a house....
by imperio
Sat Jul 01, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Car leasing similar to buying an option
Replies: 12
Views: 1353

Re: Car leasing similar to buying an option

The biggest risk to losing extra money on a purchase is excess depreciation, not excess wear. My Camry is due from lease in three months and $3k under water. Toyota Financial will eat the loss, not me. I am under miles with no excess wear. I am economically $3k better off by leasing instead of purc...
by imperio
Sat Jul 01, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3486

Re: Engagement Ring Insurance

2. If we made a claim on the ring, it would not affect our auto/renter's policy premiums since it's a separate policy with a different company.. I don't think this is true. Most (all?) insurance companies report claims to agencies like CLUE, iiX, and A-Plus Property Reports. Then insurance companie...
by imperio
Sat Jul 01, 2017 12:59 am
Forum: Personal Consumer Issues
Topic: Wrecked Vehicles and Whether or Not to Keep Them
Replies: 34
Views: 2346

Re: Wrecked Vehicles and Whether or Not to Keep Them

OP - you need to loosen up and live a little. What's the point in making the "smart" decision if you're going to be miserable driving what you deem an old and not so nice car (I assume this isn't what you see it as from your McDonald's worker comment)? You know there is a name for the person who die...
by imperio
Sat Jul 01, 2017 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3486

Re: Engagement Ring Insurance

First, I want to applaud you for purchasing a reasonably cost ring. My ring is in that price range and when my Husband mentioned insurance, in boglehead fashion I asked him what it cost and said "we don't need insurance!" At first I think he felt bad that the ring was "cheap" and I told him HECK NO...
by imperio
Fri Jun 30, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3486

Re: Engagement Ring Insurance

Hello Bogleheads, I am seeking for advice/suggestions as to how to best proceed in regards to insuring my fiancee's ring. I have a homeowner's policy with State Farm. I called and they said they could insure the ring for $60 a year. I also looked at Jewelers Mutual Insurance Company. They quote me ...
by imperio
Fri Jun 30, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Car leasing similar to buying an option
Replies: 12
Views: 1353

Car leasing similar to buying an option

Say you were in the market for a new car - does a lease and buyout strategy make sense as opposed to buying outright? I'm going to exclude taxes, fees, interest rates, financing costs etc. for simplicity in my example below. Doesn't matter what length of ownership you're looking at, but it has to be...