Search found 1302 matches

by Cycle
Wed Jul 17, 2019 8:13 am
Forum: Investing - Theory, News & General
Topic: Do you care about your home appreciating?
Replies: 77
Views: 3554

Re: Do you care about your home appreciating?

Yes, I care about appreciation, hoping it stays flat. I would prefer to keep my housing expenses low. Appreciating home prices above the historical average (inflation), will increase your costs next time u make a real estate transaction. Many baby boomers and previous generations wanted to lock in t...
by Cycle
Mon Jul 15, 2019 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 79
Views: 6319

Re: The Boglehead is anti-entrepreneur?

I work at megacorp and weve acquired a couple small startups for a little under a B. The aquired employees, even the 23 year old engineers, made a few million. Founders made dozens of millions. We recently hired an engineer who worked at startup after startup in his twenties and none of them had a b...
by Cycle
Sun Jul 14, 2019 3:00 pm
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 6872

Re: I think i can spend 30k on this vacation, but wife not sure

Safaris are a lot of sitting in a vehicle. Do u like doing sedentary activities? Then at camp u may be confined to a relatively small space. Something to think about. We got pretty tired of safari vehicle tours after a couple days. There are walking tours in Kruger national Park which are spectacula...
by Cycle
Sun Jul 14, 2019 1:35 pm
Forum: Investing - Theory, News & General
Topic: Timing the market
Replies: 28
Views: 1686

Re: Timing the market

if you have a crystal ball, crypto is really where you'll want to be speculating with that inheritance.
by Cycle
Sun Jul 14, 2019 1:25 pm
Forum: Personal Consumer Issues
Topic: Got robbed in London...Phone stolen...what else do I need to do?
Replies: 50
Views: 6350

Re: Got robbed in London...Phone stolen...what else do I need to do?

you can lock / erase your phone from anywhere, with android anyways, via another device. you can also see where it is, but i'm guessing the person turned it off as soon as he got a chance. you didn't need to change any of your passwords, as presumably the phone automatically locked at some point. th...
by Cycle
Sat Jul 13, 2019 9:18 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 26920

Re: Americans believe they need $1.7 million, on average, to retire

“Two Million Dollars is Nothing. It’s Pennies,” says Suze Orman. context is the fire community. I'm looking for the loco emoji https://affordanything.com/two-million-dollars-is-nothing-its-pennies-says-suze-orman/ “But if you only have a few hundred thousand dollars, or a million, or $2 million, I’m...
by Cycle
Fri Jul 12, 2019 11:14 pm
Forum: Personal Investments
Topic: my mom is a "financial advisor"
Replies: 66
Views: 7145

Re: my mom is a "financial advisor"

you really can't go wrong with the target funds... assuming you buy often and have a high saving rate. the bulk of our assets are in target funds, and the extra expense ratio isn't a big deal. whatever enables one to stay the course is the best bet, though most advisors probably have their customers...
by Cycle
Fri Jul 12, 2019 10:36 pm
Forum: Personal Consumer Issues
Topic: Morocco Travel
Replies: 20
Views: 2166

Re: Morocco Travel

They have an extremely high vaccination rate, 99%. We considered going there with our infant, but did a shorter flight instead to a country with a low vaccination rate (USA). Have fun, i'm not jealous, just envious
by Cycle
Fri Jul 12, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: How to park in northern Europen countries?
Replies: 29
Views: 2012

Re: How to park in northern Europen countries?

It would have to be a pretty spectacular site to get me to go through the hastle of getting a rental car. Staying in the walkable/bikeable part of a european city is quite delightful, it's like what US cities were like before car drivers turned them into depressing wastelands. I've used trains and b...
by Cycle
Wed Jul 10, 2019 6:41 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 7887

Re: Who cuts your hair? And for how much?

Myself, electric clippers are like 10 years old so cost is maybe twenty cents

If you drive out of your way to get your hair cut, that is part of the expense.
by Cycle
Tue Jul 09, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 15826

Re: what was your worst major purchase? mine is a 2019 mazda3

I had always lived in neighborhoods where it was possible to be car free (north side Chicago, south Minneapolis), yet I paid for and used cars for the first ten years of my working career. I never knew about non-car culture until I met a friend who was a bike commuter. Even then it took probably two...
by Cycle
Mon Jul 08, 2019 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Sign up bonuses
Replies: 16
Views: 1421

Re: Credit Card Sign up bonuses

I recently cancelled a Delta Amex after holding it for 8 months. I received this notice. I already received and used most of the bonus miles, but I've got like 60k of other miles in my Delta account that I'm afraid they'll confiscate. Has anyone ever had Delta confiscate bonus miles that were alread...
by Cycle
Mon Jul 08, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a new car now or wait: what's the math say?
Replies: 52
Views: 3779

Re: Buy a new car now or wait: what's the math say?

We have a 2011 CRV w/ 90k miles on it. It is the last non-self driving car we will have, possibly even the last personal car. I'd hold onto that Acura for another 5 years and reassess at that time. The rationale would be to avoid a huge depreciation cliff event as a result of autonomous tech panning...
by Cycle
Sun Jul 07, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: used car buying
Replies: 20
Views: 1702

Re: used car buying

Buy a used Honda or Toyota via private party (Craigslist, fb marketplace)

8 years old.

4k will get you a vehicle that will last many, many years.here you don't have to pay sales tax if it's less than 3k.
by Cycle
Sun Jul 07, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: Home loan questions (how much down, points)
Replies: 9
Views: 548

Re: Home loan questions (how much down, points)

I'd have them give it to me for free.
by Cycle
Sat Jul 06, 2019 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 110
Views: 10486

Re: Staying the course is so hard (support thread)

It's tough keeping up with the Joneses. Paying cash for stuff, especially housing, will prevent you buying things you can't afford. Sell your current property and get something with cash. I gave up mortgage life in my early 30s, which may not technically be the best financial decision (paying off a ...
by Cycle
Sat Jul 06, 2019 10:13 pm
Forum: Personal Investments
Topic: Anyone itching to dabble in crypto?
Replies: 46
Views: 2782

Re: Anyone itching to dabble in crypto?

Definitely, I often pay people back with venmo or PayPal. If they switch to using some sort of crypto I would use it to transfer the funds. So that might be for a 50 or 100 dollar transaction. I'd still hold USD though for my standard currency, since USDs are stable it seems like a no brainier. Euro...
by Cycle
Fri Jul 05, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 82
Views: 4597

Re: 50-60k boat purchase??

Two best days in a man’s life are the day he buys the boat and the day he sells the boat... Sorry you did not like boating - for us it is a great opportunity and pastime with irreplaceable memories. That doesn't qualify a blank check. I'm sure most memories would be equivalent with a 40k boat vs a ...
by Cycle
Wed Jul 03, 2019 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6085

Re: Adult son has not controlled credit card overuse!

My sister in law is now 40 and still has her father pay for her car loan and insurance. She has a job that pays like 70k a year. She never cooks, eats out every meal... Seriously, she only has condiments and beverages in her fridge. She travels often to exotic places with older guys she's recently m...
by Cycle
Wed Jul 03, 2019 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?
Replies: 57
Views: 3820

Re: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?

A lifetime of car ads have led to this moment. The neurons are firing on their own. You've read all about it, studied the photos, selected all your options. The years long hunt is nearing it's ultimate climax. Not much you can do but accept your fate. Rent a Tesla 3 performance for the weekend, and ...
by Cycle
Wed Jul 03, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Hire a driver?
Replies: 63
Views: 3382

Re: Hire a driver?

I definitely would use the driver. No brainier. On your shift you make $200 an hour. You're paying this guy like $15/hr after subtracting vehicle expenses and depreciation. He's got to drive to you and wait a little too. Well more like $260/hr. Having the luxury of someone drive brings my hourly to...
by Cycle
Wed Jul 03, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Hire a driver?
Replies: 63
Views: 3382

Re: Hire a driver?

I definitely would use the driver. No brainier.

On your shift you make $200 an hour. You're paying this guy like $15/hr after subtracting vehicle expenses and depreciation. He's got to drive to you and wait a little too.
by Cycle
Tue Jul 02, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 17533

Re: How much should I have saved for retirement by age 40?

Income has likely peaked for me at age 35 at 140k. wife similar income. Annual spend is ~50-60k including 20k daycare.

Currently at 1.5MM (35). 2.5MM by 40, 4MM by 45... 4MM-ish is my number, at which point i'll upgrade my bike.
by Cycle
Tue Jul 02, 2019 5:55 pm
Forum: Personal Consumer Issues
Topic: Opinions on bicycle disc brakes?
Replies: 45
Views: 3580

Re: Opinions on bicycle disc brakes?

Don't just get "disc brakes." I've ridden a Walmart bike (schwinn) with disc brakes and they were worse than average rim brakes. Hydraulic line disc brakes will be the most reliable and impervious to freezing. Mine have worked fine down to -34f. You can also get mechanical disc (ie cable) that have ...
by Cycle
Tue Jul 02, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: New Landlord Here! Your Top Tips to include in a Lease?
Replies: 52
Views: 4021

Re: New Landlord Here! Your Top Tips to include in a Lease?

This talk of 30 day leases to get rid of bad tenants makes me think people aren't properly screening tenants with credit checks, verifying income, etc. No one I know does leases like that. In fact, they reject people that want to do 6 month leases as they don't want to keep having turnover and vaca...
by Cycle
Tue Jul 02, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: New Landlord Here! Your Top Tips to include in a Lease?
Replies: 52
Views: 4021

Re: New Landlord Here! Your Top Tips to include in a Lease?

I use avail They have a solid standard lease with online signing I do 30 day leases only. 90 day move out warning required. Near zero risk of eviction, bc if they don't pay rent they are no longer leasees and can be quickly removed by the sheriff. No pets. No smoking on grounds (including outside)....
by Cycle
Tue Jul 02, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: New Landlord Here! Your Top Tips to include in a Lease?
Replies: 52
Views: 4021

Re: New Landlord Here! Your Top Tips to include in a Lease?

I use avail They have a solid standard lease with online signing I do 30 day leases only. (Edit 60) day move out warning required. Near zero risk of eviction, bc if they don't pay rent they are no longer leasees and can be quickly removed by the sheriff. No pets. No smoking on grounds (including out...
by Cycle
Mon Jul 01, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Traveling Overnight / Wife Near-Term / No Family In Town - how to handle
Replies: 21
Views: 2118

Re: Traveling Overnight / Wife Near-Term / No Family In Town - how to handle

Congrats, sounds like the baby will be born on one of two days. Seriously, plan for the worst. Have your hospital bag packed a month ahead. My wifes water broke two weeks early with no warning. No contractions. We had the baby in arms 3hrs later. I traveled for a business trip the previous week, whi...
by Cycle
Sun Jun 30, 2019 10:50 am
Forum: Investing - Theory, News & General
Topic: 80% of the stock market is now on autopilot
Replies: 17
Views: 3737

Re: 80% of the stock market is now on autopilot

When asked what he thought of Ice Creams new surge to 80% of the dairy treat market, custard stand owner Sebastian Joe said, "it's completely irrational, they're charging $6 for one scoop and there isn't even any egg in it! We charge $8 a scoop, but we put a lot more work into creating our product. ...
by Cycle
Sat Jun 29, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Underpaid in bay area, seeking advice negotiating salary
Replies: 30
Views: 3465

Re: Underpaid in bay area, seeking advice negotiating salary

I recently applied for a job that is 3 miles away vs. current 20. The job would have been significantly more work and paid 5% less than my current salary. I could deal with the less pay. Fair trade-off for the shorter commute. having to work more hours with more stress for less pay was a deal breake...
by Cycle
Thu Jun 27, 2019 8:42 pm
Forum: Personal Consumer Issues
Topic: Facebook reading our minds?
Replies: 37
Views: 3435

Re: Facebook reading our minds?

Once you realize everything is a targeted add, it can be a fun game to try to avoid them. This means using mediocre but private search engines like duck duck go, using Firefox browser, and turning off location services. My strategy is to default to Firefox, but when the initial search isn't satisfac...
by Cycle
Thu Jun 27, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 12737

Re: How did you lower your annual expenses?

The best shoe is none. The best car / transportation mode is walking. Maybe, but I just broke my foot walking barefoot. That would not have happened if I had been wearing my shoes or driving my car. Ha me too! Stress fracture last year. But I ramped up my mileage too fast when the snow melted. Also...
by Cycle
Thu Jun 27, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 12737

Re: How did you lower your annual expenses?

I make a point to have items that are phsycologically obsolete. Like I have a 10 year old timex ironman watch. I've had a few fancy fitness watches before, but buy/sell them on ebay so I know what I'm missing. By being ok living a few years or centuries behind state-of-the art, one can really be fre...
by Cycle
Wed Jun 26, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: friend claiming 17% returns on Life Insurance
Replies: 30
Views: 3658

Re: friend claiming 17% returns on Life Insurance

Does he also lead a polka band? Like the Polka King Jan Lewan (ponzi schemer)

https://en.m.wikipedia.org/wiki/Jan_Lewan
by Cycle
Wed Jun 26, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5275

Re: Should I buy a condo in Chicago?

Single professional guy here who purchased a condo on the northside in Chicago (Uptown) in 2006 or so and later sold it in 2012 or so. I would purchase a condo again, if I found the right one in the right location. I would NEVER purchase one in a building with a small number of units. My condo asso...
by Cycle
Wed Jun 26, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Considering adding second level to house [Bay Area]
Replies: 37
Views: 2684

Re: Considering adding second level to house [Bay Area]

Subscribing. DW has been wanting to add a second floor to our Bay Area home. I've been pushing back. But I've never realized it was free. And I'm not being sarcastic. It kinda makes sense to me. If I have the money and it would otherwise sit in a stock market index then moving it to home equity ess...
by Cycle
Wed Jun 26, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Considering adding second level to house [Bay Area]
Replies: 37
Views: 2684

Re: Considering adding second level to house [Bay Area]

I own and occupy a duplex. Based on my financial model you should do it, since the pop-top is free My neighborhood has had ADUs approved for years and my neighborhood of roughly 1500 homes has had just 12 done in the last 5 years. Most would be basement conversions. My neighborhood is also getting u...
by Cycle
Wed Jun 26, 2019 10:33 am
Forum: Investing - Theory, News & General
Topic: Why do 401k's limit investment options?
Replies: 30
Views: 2195

Re: Why do 401k's limit investment options?

My megacorp has switched providers four times in the last eleven years.

I wish they just offered target funds, a total world fund, and a money market.
by Cycle
Wed Jun 26, 2019 9:42 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 8145

Re: Dave Ramsey now says to give up employer 401K match to pay down debt

That match is free money.

I can see the argument made for buying houses with cash, cars with cash, debt snowball... I agree with those. Turning down free money is really not wise, especially in a tax sheltered account.
by Cycle
Tue Jun 25, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 12737

Re: How did you lower your annual expenses?

There are a lot of good ideas already posted, but i'll add a few of the big levers we pulled. Ranked in decreasing order of savings. 1) One big thing we did was bought a foreclosed duplex, renovated it, paid off the mortgage, and now the rent from the other unit pays for all our living expenses. 2) ...
by Cycle
Tue Jun 25, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Early wedding funding for my young kids: Great Strategy!!!
Replies: 22
Views: 3346

Re: Early wedding funding for my young kids: Great Strategy!!!

congrats, that's very generous of you.

a more tax efficient gift might be to keep a 529 in your name, then upon the wedding transfer that to them so their kids k-16+ education is fully funded.
by Cycle
Sat Jun 22, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 106
Views: 8929

Re: Frugal or cheap?

there is nothing cheap about diverting 100k to investment. 1400sqft for two people is sensible, though it's 40% larger than what I'll have with my 3, soon to be 4 person family. Cheap would be like someone who does a rennovation not to code or sends their kids to crap schools while living large on ...
by Cycle
Sat Jun 22, 2019 10:37 pm
Forum: Personal Consumer Issues
Topic: How do you approach tipping at carry-out restaurants
Replies: 111
Views: 7506

Re: How do you approach tipping at carry-out restaurants

Usually tip 2 or 3 dollars at fancy restaurants like Ponderosa or Pizza Hut. Usually don’t tip at McDonald’s. Pizza Hut is fancy? Wowza. So where is Capital Grille and Ruth's Chris? In Honduras Pizza Hut is a very nice restaurant, people get dressed up for it. Pretty rarely do carryout, but yeah no...
by Cycle
Sat Jun 22, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 106
Views: 8929

Re: Frugal or cheap?

there is nothing cheap about diverting 100k to investment. 1400sqft for two people is sensible, though it's 40% larger than what I'll have with my 3, soon to be 4 person family. Cheap would be like someone who does a rennovation not to code or sends their kids to crap schools while living large on m...
by Cycle
Sat Jun 22, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 106
Views: 8929

Re: Frugal or cheap?

Home is 3 bed, 1400 sq.ft no kids but hope to have a couple kids. Dont need it, but it would be nice to have some extra space Perhaps look into minimalism. My wife, infant and I have 1050 sqft in a 2br/1ba, but we don't have much stuff. We plan to have a second child and live here at least another ...
by Cycle
Sat Jun 22, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Do you Casino? What do you play? Have you won?
Replies: 82
Views: 4680

Re: Do you Casino? What do you play? Have you won?

I've played at a couple bachelor parties in Vegas. I always play roulette or craps. the goal is to get as many free cocktails as possible, while losing as little money as possible. Strategy is many small wins, many small losses. Don't think I've ever lost more than like $40 in a sitting. Once won $2...
by Cycle
Sat Jun 22, 2019 10:14 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 22101

Re: Crypto bulls are back. Are you getting in?

I am not. Speculating on currencies isn't investing.

I'll get in if the USD becomes unstable and I can pay my bills with something more stable which happens to be crypto. This frankly won't happen with bitcoin, ever.
by Cycle
Fri Jun 21, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 401
Views: 51111

Re: Losing a job in your 50's...

If u opt to bike instead of drive the annual 10,000 in savings earning 8% over 34 years will total 1.7MM. Let's say u would drive a beater at 5k per year, but opt to bike instead. The savings are still $800k by age 56. The "Just bike to work" is of very limited practicality outside of certain areas...
by Cycle
Thu Jun 20, 2019 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle courses
Replies: 45
Views: 5190

Re: Side Hustle courses

... My plan is to have programming be my career from age 45-120, after I retire from mechanical engineering. ... Okay, but you might face some age discrimination in that industry when you hit 101. 😆 My assumption is that many age related diseases will no longer plague humans like 50 years from now,...
by Cycle
Thu Jun 20, 2019 10:34 pm
Forum: Personal Investments
Topic: Confused with the markets
Replies: 47
Views: 4320

Re: Confused with the markets

You are overthinking it. Just put that 1MM in a 2035 target fund and do something that is more within your circle of control, like increasing your income or savings rate. If that 1 MM is just a small part of your portfolio, perhaps just put it a total world index, if it's in your taxable.