Search found 1241 matches

by Cycle
Tue Jun 18, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 420
Views: 35935

Re: Why are you NOT buying rental properties?

I agree. I imagine that it will just lead to increased deposits/rents that these people cannot afford. 500 credit score? Yikes! Part of this Minneapolis legislation is also a Max of 2 months rent for a security deposit. It seems people of different risk profiles should be charged different rents, l...
by Cycle
Mon Jun 17, 2019 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 420
Views: 35935

Re: Why are you NOT buying rental properties?

In Minneapolis, they are going to remove some of the screening rights of landlords... Or at least that's what's proposed. I get some shady people inquiring on my rental when I do a turnover... criminal record and questionable income sources People who say they don't smoke but smell of smoke. One guy...
by Cycle
Wed Jun 12, 2019 10:08 pm
Forum: Personal Consumer Issues
Topic: Best source for buying Gold Coins
Replies: 55
Views: 3844

Re: Best source for buying Gold Coins

Wouldn't a $1300 starbucks/caribou/peets gift card be more practical? I say this because precious metals can be a bit of a burden, unless they have talked a lot about how much they like gold coins. If you keep them in your house, you have to think about them getting stolen. Keeping them somewhere el...
by Cycle
Mon Jun 10, 2019 12:09 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 12240

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Have you seen young Elon receiving his McLaren? https://youtu.be/x3tlVE_QXm4

my suggestion is of course to get a super-bike or some super walking shoes, but that would disappoint the oil / car industry
by Cycle
Fri Jun 07, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to dramatically cut down housing cost?
Replies: 19
Views: 2915

Re: How to dramatically cut down housing cost?

Two ideas.

Rent a room in someone's nice house for a few hundred a month.

Get a loan for a fourplex, if possible, and live in the basement while the cash flow makes your living expense a profit. I live in a duplex I rent, and my housing expense is very small.
by Cycle
Fri Jun 07, 2019 11:37 am
Forum: Personal Consumer Issues
Topic: Now that we know we're just digital prey, tell me about ad blockers and other apps and which ones are best
Replies: 35
Views: 3704

Re: Now that we know we're just digital prey, tell me about ad blockers and other apps and which ones are best

... Google has been tracking nearly everything you buy online — see for yourself with this tool ... Actions I'm taking 1) more private browsers 2) rethinking web email accounts with privacy in mind 3) Alternate search engines like http://duckduckgo.com , http://qwant.com and http://startpage.com I ...
by Cycle
Wed Jun 05, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Buying Burial Plot in advance
Replies: 53
Views: 2696

Re: Buying Burial Plot in advance

Imagine the regret of buying a burial plot if solutions are found to the aging problem, I'd wait till my demise is in view.
by Cycle
Wed Jun 05, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 92
Views: 7226

Re: Walking Cities, potential for retirees

LiveSimple Agree if I cannot walk in my shorts, tee, sandals then it is not in my criteria as "walking city Southern California is probably the best location for that attire, but there are times of the year when that doesn't work. This May and now June have been unusually cool for shorts and tee. G...
by Cycle
Wed Jun 05, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: 2.4 MM net worth to be considered rich ?
Replies: 9
Views: 1714

Re: 2.4 MM net worth to be considered rich ?

Ha. 1.4MM is definitely not affluent, i can't even afford to buy groceries anywhere other than Aldi and I have more than that.
by Cycle
Wed Jun 05, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 363
Views: 35240

Re: For those who earn $500k+ per year. How'd you do that?

$1.1M Urologist Midwest/suburban major city 34 years old Employed group practice/RVU-based Wow. Very impressive. 1.1 million must put you above 90th percentiles among urologists. Congrats! It pays to be in the midwest. A friend of mine is an opthalmologist, and when he was looking for a job after t...
by Cycle
Wed Jun 05, 2019 2:34 pm
Forum: Personal Consumer Issues
Topic: Gillette Fusion razors
Replies: 57
Views: 4874

Re: Gillette Fusion razors

generic cheap disposable razors are what i've been using the past decade or so. The piece cost is like $0.10 if you get them on sale and you don't even need to buy them in bulk. I spend maybe $2-4 per year on razors.
by Cycle
Wed Jun 05, 2019 2:17 pm
Forum: Personal Consumer Issues
Topic: Company requiring salaried employees to clock in?
Replies: 92
Views: 4760

Re: Company requiring salaried employees to clock in?

For some reason our facility in Ireland requires salaried employees to clock in, but nowhere else.

It's really silly bc how much work I get done has nothing to do with how long I am at work. Sometimes I have tasks so boring that I will waste an entire day just staring at an iso standard
by Cycle
Wed Jun 05, 2019 7:25 am
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 92
Views: 7226

Re: Walking Cities, potential for retirees

One thing to note on "walkable" suburbs is that the distances you'd need to walk is much further than in a city. For example my grocery store is 1.5 blocks away, which is a shorter distance than walking from the back of a Walmart parking lot. When one goes car-free or even just goes car-lite (use ca...
by Cycle
Tue Jun 04, 2019 10:25 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 92
Views: 7226

Re: Walking Cities, potential for retirees

Make a map of all the Whole Foods and Tesla stores and look within a 1 mile radius. I think that would give you a good starting point and you won't have to duplicate the research Whole Foods has spent millions of dollars on. In Minneapolis we are getting many city-concept grocery stores besides who...
by Cycle
Tue Jun 04, 2019 9:59 pm
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4684

Re: Are we downsizing too much?

Currently a family of 3, soon will be 4 in our 1100sqft home. 1800sqft seems too big to me, but 2ba sure would be nice albeit more toilets to scrub.
by Cycle
Tue Jun 04, 2019 4:49 pm
Forum: Personal Consumer Issues
Topic: Autos and transportation near retirement
Replies: 33
Views: 2063

Re: Autos and transportation near retirement

Any advice? What do you do for near or in retirement transportation? How do you decide when to buy and what to buy? What do you value in a car and why? Move to a walkable neighborhood, one you'd be fine getting around in till you are 120. Cars are best rented, not owned. Running errands with a car ...
by Cycle
Mon Jun 03, 2019 3:56 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2297

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

You won't be keeping it for 10 years unless it can be retrofitted with autopilot. Last week I was driving through Yosemite and would have done anything to be able to look around or read a book when we got stuck in 1.5 hrs of traffic. A friend of mine just bought a sprinter van and is having a local ...
by Cycle
Mon Jun 03, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: Havasupai, Have a Sticker Shock
Replies: 27
Views: 3689

Re: Havasupai, Have a Sticker Shock

Just do it. I had similar reservations last year when going to Galapagos. Diving was $100 a day. Flight from Quito was $400rt. In hindsight, I think it was silly for me to sweat spending $1800 for a ten day trip to a magical place. If u can also do the rim to rim hike, that is also amazing and you c...
by Cycle
Mon Jun 03, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Do you know someone who has anti-boglehead lifestyle?
Replies: 9
Views: 960

Re: Do you know someone who has anti-boglehead lifestyle?

I know of plenty of people that live it up, but also have massive income. These folks have wealth that dwarfs the kind of wealth I'll build living frugally. There are many roads to Rome Most (all?) of my family / friends are frugal, but at work I over hear a lot of conversations that make me cringe ...
by Cycle
Mon Jun 03, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: Golf interest rekindled after decades - My son created a monster! Now what?
Replies: 31
Views: 2540

Re: Golf interest rekindled after decades - My son created a monster! Now what?

My best round is always the first of the season. Then I over think things and things go downhill for a while, then I get better just before the snow settles in and the cycle repeats.
by Cycle
Mon Jun 03, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: Autos and transportation near retirement
Replies: 33
Views: 2063

Re: Autos and transportation near retirement

No thanks. The reality is everybody is different and not all of us *like* cities, or *want* to live right on top of our neighbors. I like to go into my backyard and see nothing but trees, hear nothing but birds. On weekends we like to go to place far away in nature, and last time I checked I cant g...
by Cycle
Mon Jun 03, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918674

Re: U.S. stocks in free fall

Good observation. The inverse yield curve is one of the main factors that would tell me it's close to a recession. Since this March, I have started putting aside $6k a month to Marcus. I still continue automatic contribution to max tax advantage accounts and some in brokerage accounts. But when a r...
by Cycle
Sun Jun 02, 2019 11:30 pm
Forum: Personal Consumer Issues
Topic: Now that we know we're just digital prey, tell me about ad blockers and other apps and which ones are best
Replies: 35
Views: 3704

Re: Now that we know we're just digital prey, tell me about ad blockers and other apps and which ones are best

After going through a significant decluttering / minimalism period, I no longer buy much stuff. The ads don't work on me, so I just use the best search engine "Google" and best browser, chrome. I've tried Firefox and duck duck go, but they are slightly inferior wrt functionality. Firefox is pretty s...
by Cycle
Sun Jun 02, 2019 10:59 pm
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 13836

Re: You May Never See Your Grandchildren Again

Fiduciary-ish

Im sure the tax inefficiencies, fees, and lost gains from these advisors dwarfs what seniors are scammed out of by telephone conartists.
by Cycle
Sun Jun 02, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Autos and transportation near retirement
Replies: 33
Views: 2063

Re: Autos and transportation near retirement

We have kind of reached the point where we are committed to our current house/estate/farm. We bought acreage, planted, tended. It is an anchor that many people do not have, but it is ours and we enjoy it. Priceless. In ways we envy people that live in walk able neighborhoods that can just lock up a...
by Cycle
Sat Jun 01, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: Autos and transportation near retirement
Replies: 33
Views: 2063

Re: Autos and transportation near retirement

Any advice? What do you do for near or in retirement transportation? How do you decide when to buy and what to buy? What do you value in a car and why? Move to a walkable neighborhood, one you'd be fine getting around in till you are 120. Cars are best rented, not owned. Running errands with a car ...
by Cycle
Sat Jun 01, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: How do BH define Cost of Living Cities
Replies: 48
Views: 2644

Re: How do BH define Cost of Living Cities

I look at a the cost of a cup of coffee. It's the same in San Fransisco as it is in Minneapolis, therefore the cost of living is the same in both.

This is of course assuming you don't need a house or apartment, or need to buy gas... Or go to Aldi.
by Cycle
Fri May 31, 2019 10:40 pm
Forum: Personal Investments
Topic: What percent of your assets do you have in investment property (excluding your personal residence)?
Replies: 73
Views: 3028

Re: What percent of your assets do you have in investment property (excluding your personal residence)?

Own a duplex (and occupy). The half that is rented is about 10% of our net worth. Total real estate then is about 20% of net worth.
by Cycle
Fri May 24, 2019 11:24 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3380

Re: Does tuning out mean missing out?

I've generally settled on paying for simplicity. This means cheap target funds in the 401ks (.11 and .14 ER), and vtwax in Roth, 529, and taxable accounts. Maybe Facebook will become a trillion dollar advertising company and I'll lose out on some US gains, but i prefer to just keep things simple and...
by Cycle
Fri May 24, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: Bigger car, less economical but more safe.. Get used to smaller car over time?
Replies: 106
Views: 7132

Re: Bigger car, less economical but more safe.. Get used to smaller car over time?

If u feel exposed in a small car, try getting around by some non sedantary and obnoxiously loud mode of transportation, like walking or biking. You'll find the small car to be like fort Knox.
by Cycle
Fri May 24, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 105
Views: 10748

Re: 4M 70K expenses would you stop?

Depends what Id be retiring to, and whether that would be a more fulfilling life than the current one. Nonetheless, 4MM will continue to grow substantially most years with only 70k withdrawals, so financially yes. Thats like a 1.75% withdrawal rate.
by Cycle
Wed May 22, 2019 11:09 pm
Forum: Personal Consumer Issues
Topic: Is Tesla Going To Survive?
Replies: 99
Views: 6710

Re: Is Tesla Going To Survive?

Tucker was a great movie. I look forward to watching Tesla on Netflix after the collapse.
by Cycle
Wed May 22, 2019 10:59 pm
Forum: Investing - Theory, News & General
Topic: Is the Global Portfolio the Least Risky? Lowest risk adjusted return?
Replies: 22
Views: 1848

Re: Is the Global Portfolio the Least Risky? Lowest risk adjusted return?

I don't think this would happen anytime soon, but there's nothing stopping private companies from providing all goods and services. A major local employer here is Cargill, and they are private. Was skynet in The Terminator private? Anyways, if that were the case, the stock market would go the way of...
by Cycle
Wed May 22, 2019 8:37 am
Forum: Personal Investments
Topic: Kids accounts: Vanguard Total World Stock
Replies: 36
Views: 3389

Re: Kids accounts: Vanguard Total World Stock

:beer best thing about vtwax is you won't ever have to touch it
by Cycle
Mon May 20, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14337

Re: FIRE - What am I missing in the News Stories

If people want to incorrectly take retirement to imply total retirement, then that's on them. If I still work for money, that's not retirement from my perspective. Most people never retire then. My father no longer does surgery, but he does mow the lawn at a building he rents to the hospital. I gue...
by Cycle
Mon May 20, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: When to buy a vacation home
Replies: 26
Views: 2634

Re: When to buy a vacation home

Now with Airbnb and VRBO, I cannot fathom wanting to maintain another property, let alone pay for it.
by Cycle
Mon May 20, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: Compound miter saw recommendation
Replies: 42
Views: 2350

Re: Compound miter saw recommendation

Consider a tool library or picking up a used one.

Harbor freight sliding compound miter saw worked great for a major rennovation I did, gut rebhab two kitchens. Sold it immediately upon project completion.
by Cycle
Sun May 19, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14337

Re: FIRE - What am I missing in the News Stories

Google roth pipeline. Also very unlikely someone has 1.2 million in a 401(k) at 35. I have 522k in my 401k at age 35. Include my Roth and I'm at 600k. I was contributing from age 22, and maxing from age 24 onward. Marry someone similar and you've got 1.2MM at 35. I save 70% net, going to be 60% net...
by Cycle
Sun May 19, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14337

Re: FIRE - What am I missing in the News Stories

Some leave their full time jobs so they can raise their kids on their own. Seems reasonable, certainly more rewarding than what I do at megacorp.
by Cycle
Sat May 18, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5966

Re: At what NW do I have disposable income?

I save bucket loads of money though no debt, a $145k house, 1 $6k car. I don't save much by traveling less. I still seek value when we travel, but the low hanging fruit is in housing, cars, debt, and possibly increasing ones wage. Not sure how this answers the question at hand. Your example, travel...
by Cycle
Sat May 18, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: Why Are U.S. Asset Prices So High Today?
Replies: 34
Views: 3052

Re: Why Are U.S. Asset Prices So High Today?

I just blindly plow all our money into target funds. Isn't this what most US investors do? It may be what many US investors do, but that through ignorance or just not caring about their investments. Here on the forum, there may be many who use target funds but I believe that there are more who use ...
by Cycle
Sat May 18, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5966

Re: At what NW do I have disposable income?

I save bucket loads of money though no debt, a $145k house, 1 $6k car. I don't save much by traveling less.

I still seek value when we travel, but the low hanging fruit to building wealth is in housing, cars, debt, and possibly increasing ones wage.
by Cycle
Sat May 18, 2019 4:31 pm
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2919

Re: Crazy to Sell a Newer Car for an Older Car?

austin757 wrote:
Sat May 18, 2019 4:25 pm
I should add that gas and insurance is also taken care of for me. I believe the warranty would take care of any routine maintenance.
Oh my. You should definitely keep the new car until that stops. Ignore my previous post.
by Cycle
Sat May 18, 2019 4:04 pm
Forum: Investing - Theory, News & General
Topic: Why Are U.S. Asset Prices So High Today?
Replies: 34
Views: 3052

Re: Why Are U.S. Asset Prices So High Today?

I just blindly plow all our money into target funds. Isn't this what most US investors do? I don't know anyone personally who picks stocks or cares about the current asset price... Granted I'm in my 30s Also, there aren't many other ways to get passive gains that beat inflation thanks to low interes...
by Cycle
Sat May 18, 2019 3:46 pm
Forum: Personal Consumer Issues
Topic: How do I prevent yellow underarm stains on my white shirts?
Replies: 24
Views: 3230

Re: How do I prevent yellow underarm stains on my white shirts?

Clean your arpits thoroughly when you shower, and shower every day. Some people don't actually need deodorant. I use deodorant most days, but only when necessary. I keep some at work. You don't necessarily need to apply it every day. YMMV though, as everyone will have different bacteria on their ski...
by Cycle
Sat May 18, 2019 3:26 pm
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2919

Re: Crazy to Sell a Newer Car for an Older Car?

Yes, sell it and get something for much, much less. Let your assets work for you, not against you. Insurance/registration is more for a new car. I might wait for the parents to pay it off first though... You'd have to do the math. Also, consider not owning a car if u can use transit/uber or bike/wal...
by Cycle
Wed May 15, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: [Another] How much to spend on a car/what to get thread
Replies: 27
Views: 1413

Re: [Another] How much to spend on a car/what to get thread

My wife and I have $300k income. Mid-30s, NW 1.5MM. We have a 2011 CRV worth $6000.

You can afford 33% more, so I'd get a 2013 CRV worth $8000.
by Cycle
Tue May 14, 2019 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 75
Views: 5569

Re: Buying a "new" car - Advice pls

This ratio advice is ridiculous even for boglehead standards. Omg, I have a 2014 Maxima worth about $12,000 so I am below the 1:100 ratio so oh no, I've overspent. Better go sell it and buy something a little cheaper that I can actually afford. Good idea, though I sense sarcasm If u need to buy col...
by Cycle
Tue May 14, 2019 6:38 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks with 3% SWR with 60 years retirement period
Replies: 40
Views: 3705

Re: 100% stocks with 3% SWR with 60 years retirement period

Am I the only sucker who looks at this as an opportunity to market time. "Well I'm 85% stocks now, but if we ever get a 30% decline I'll change my AA to 100% stocks since I'm only 35yo and in the long run bonds are a drag". Also having been investing thru the great recession, my foolish memory alway...
by Cycle
Tue May 14, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 75
Views: 5569

Re: Buying a "new" car - Advice pls

Deleting my rants