Search found 510 matches

by DanMahowny
Fri Oct 26, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21721

Re: Talk me out of buying a Tesla Model 3

emoore wrote:
Thu Oct 25, 2018 11:11 pm
Don’t forget about Dan Mahowny telling us Tesla is going bankrupt!
Well done emoore! Thanks for remembering me, man.
by DanMahowny
Fri Oct 26, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8605
Views: 1678474

Re: U.S. stocks in freefall

So you retired in 2008, that’s gutsy! 2008 yes. Gutsy no. I was self-employed, working as a consultant for a steel supplier in a General Motors facility. When GM entered bankruptcy, the facility was closed permanently, and my "job" disappeared. I had no plans to retire in 2008, but that's how it ha...
by DanMahowny
Fri Oct 26, 2018 8:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8605
Views: 1678474

Re: U.S. stocks in freefall

Because the success of his IPS requires it. All cash until DOW 16K (correct me if wrong Dan). Also curious how your TSLA short is doing lately. I retired when I was 42. And made lots of money over the last 10 years, 100% stocks. There is no reason to remain in equities. I can live very well on divi...
by DanMahowny
Fri Oct 26, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Unplugging from Tech Tips
Replies: 38
Views: 2954

Re: Unplugging from Tech Tips

A few years ago I would avoid ALL screens on Sundays. No phone. No computer. No tablet. No television. Nothing with a screen.
by DanMahowny
Thu Oct 25, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Sale of Stock-Pfizer
Replies: 9
Views: 579

Re: Sale of Stock-Pfizer

MotoTrojan wrote:
Thu Oct 25, 2018 12:44 pm
I'd sell today.
Yes. Do this.
by DanMahowny
Thu Oct 25, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Teach children to save 10% from day one...?
Replies: 31
Views: 2275

Re: Teach children to save 10% from day one...?

I tried this. I wanted to make it mandatory, but let my kids decide.

My daughter followed my advice. She's 22, and has a fair amount of money invested.

My son rejected my advice. He is 19, and broke.
by DanMahowny
Thu Oct 25, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3457
Views: 1025086

Re: What Book Are You Currently Reading? Part VI

MJW wrote:
Thu Oct 25, 2018 1:36 pm
ResearchMed wrote:
Thu Oct 25, 2018 1:32 pm
I'm not sure he ever matched The Firm, with a few of the crucial twists and turns.

RM
Yeah, that one is at the top of my list. I enjoyed the complexity of it and the world he built in around the law firm.
For sure. Such a great book. Wish I could go back and read it again for the first time.
by DanMahowny
Thu Oct 25, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: Has anyone had success getting reimbursed for repairs later covered under a Recall?
Replies: 7
Views: 710

Re: Has anyone had success getting reimbursed for repairs later covered under a Recall?

I did. It was a 1996 Subaru Outback. I don't remember the exact problem, but I had the car towed to my dealership, and paid for the repair. Months later, I got a recall notice for the exact problem that was fixed. I contacted Subaru, submitted some paperwork, and they sent me a check. They even reim...
by DanMahowny
Thu Oct 25, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21721

Re: Talk me out of buying a Tesla Model 3

You will have a difficult time finding a current Tesla owner who doesn't love their car. I know that people like to argue that we are all brainwashed by the cult of Elon A typical Tesla owner: "Had the car for one month now. When I got it, the radio didn't work, and the glove box wouldn't open. Too...
by DanMahowny
Thu Oct 25, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Insignia TV Has Black Screen
Replies: 32
Views: 1665

Re: Insignia TV Has Black Screen

Today's tv's are fairly reliable and cheap.

Send this one to the landfill and go buy a bigger, better model.
by DanMahowny
Thu Oct 25, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17400

Re: Why I'm 100% stocks

I went 100% stocks in 2009 (up from 80/20).

Today I am 0% stocks.

78% short-term treasuries + cash
13% tips
9% gold

Equities will become interesting when DOW drops to 16,000.
by DanMahowny
Thu Oct 25, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8605
Views: 1678474

Re: U.S. stocks in freefall

Today's "bounce back" will be short lived. Pretty soon, the market will roll over and go deep red.
by DanMahowny
Wed Oct 24, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8605
Views: 1678474

Re: U.S. stocks in freefall

I'm out until DOW drops to 16,000.

Short-term treasuries are the place to be.
by DanMahowny
Wed Oct 24, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Vehicle to vacation w/dogs (staying in hotels/VRBOs)
Replies: 32
Views: 2498

Re: Vehicle to vacation w/dogs (staying in hotels/VRBOs)

I leave my dogs in my Ford F350. I lock the doors and leave the engine running, with AC maxed. For 2 hours or more. I do this all the time. It's never been a problem. If you leave the keys in the ignition you should check to see if your insurance will cover the truck if someone steals it when you l...
by DanMahowny
Tue Oct 23, 2018 4:33 pm
Forum: Personal Consumer Issues
Topic: Vehicle to vacation w/dogs (staying in hotels/VRBOs)
Replies: 32
Views: 2498

Re: Vehicle to vacation w/dogs (staying in hotels/VRBOs)

I leave my dogs in my Ford F350. I lock the doors and leave the engine running, with AC maxed. For 2 hours or more.

I do this all the time. It's never been a problem.
by DanMahowny
Tue Oct 23, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21721

Re: Talk me out of buying a Tesla Model 3

The nearest Tesla supercharger is less than 10 miles away, but in traffic that can be upwards of 30 minutes. It's also known to be perpetually congested with cars waiting in line, people losing their tempers with displays of middle fingers, etc. No thanks. Indeed. There's an account on twitter, "@E...
by DanMahowny
Tue Oct 23, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8605
Views: 1678474

Re: U.S. stocks in freefall

This thread will be very popular over the next several years.

It will be very interesting to watch how many stick to their asset allocation vs panic.

I look forward to it all.
by DanMahowny
Mon Oct 22, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: Why are Carbon Offset Credits so cheap?
Replies: 61
Views: 3360

Re: Why are Carbon Offset Credits so cheap?

Didn't read all the responses . . . . this has probably been said,

They're cheap because there is no demand for such a thing. The vast majority of people realize carbon credits are a complete scam and wouldn't think of wasting their money buying them.
by DanMahowny
Sun Oct 21, 2018 6:36 am
Forum: Personal Consumer Issues
Topic: Headlamp for dog walking
Replies: 32
Views: 2403

Re: Headlamp for dog walking

There was a thread on flashlights a few months back, and while helpful, didn't dive deeply into headlamps. I walk the dog for 1h, 7 days a week, requiring a flashlight ~6 months of the year. I've used my rechargeable bike headlight the past few years, but would like a headlamp for the winter months...
by DanMahowny
Sat Oct 20, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 113
Views: 6981

Re: Depositing Cash if it was gifted?

linenfort wrote:
Sat Oct 20, 2018 3:31 pm
It seems like having a large amount of cash is a burden even when it’s legally obtained.
Best sentence in this thread.
by DanMahowny
Fri Oct 19, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: $34k Volt vs $54k Model 3?--help me decide??
Replies: 114
Views: 11742

Re: $34k Volt vs $54k Model 3?--help me decide??

Cheapest M3 you can buy is now: $30,700 After incentives & gas savings <-- (here they list state rebate $2500, Fed $7500, and gas savings of $4300 in 6yrs by default). Gotta love Elon Musk math . . . . A pizza costs $15. A hamburger costs $5. If you buy a pizza, you don't need to buy a hamburger. S...
by DanMahowny
Fri Oct 19, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 113
Views: 6981

Re: Depositing Cash if it was gifted?

Here's a scary story. https://www.nytimes.com/2014/10/26/us/law-lets-irs-seize-accounts-on-suspicion-no-crime-required.html Yes sir. This is far more common than people know. They are just naive. My friend "Bob" was a doomsday prepper type. He saved $19,000 cash. Eventually he decided it was unwise...
by DanMahowny
Fri Oct 19, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 113
Views: 6981

Re: Depositing Cash if it was gifted?

I'm an advantage gambler and frequently have enormous sums of cash. I would NOT deposit the money. I have too many stories about law abiding citizens running into serious problems after they deposit "legitimate" cash. These people also had "nothing to hide" and could prove the source of the cash. It...
by DanMahowny
Thu Oct 18, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: Car servicing
Replies: 48
Views: 3546

Re: Car servicing

I'm always suspicious when someone's advice is tied to their compensation.

It's a battle I fight often.
by DanMahowny
Thu Oct 18, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5358

Re: Spoke with a CFP...underwhelming!

A couple thoughts:

1) The typical Bogelhead's knowledge of personal finance and investing exceeds the CFP community. And Bogelheads are more trustworthy too.

2) I made the mistake of "hiring" a friend (insurance agent). Never again. Too hard to fire them.
by DanMahowny
Wed Oct 17, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable cost for a forever home?
Replies: 25
Views: 2938

Re: Reasonable cost for a forever home?

If I had to come up with a number, I'd say around $2 million +/-. Congrats on your excellent income, both of you.

"Forever home" is a term I hear often. It usually means around 7 years.
by DanMahowny
Wed Oct 17, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11375

Re: What do you consider 'enough'?

I've always had "enough". Even when I was broke.

There are many extremely wealthy people that don't have "enough", and they never will.
by DanMahowny
Tue Oct 16, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: $50,000: Should I buy now or wait for the market to drop further?
Replies: 43
Views: 7124

Re: $50,000: Should I buy now or wait for the market to drop further?

If you're at 90/10 today, and anticipate retirement in the "next few years", I'd keep the $50k in cash, or short-term treasuries.
by DanMahowny
Tue Oct 16, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3457
Views: 1025086

Re: What Book Are You Currently Reading? Part VI

The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas Stanley and Sarah Stanley Fallaw https://www.amazon.com/Next-Millionaire-Door-Enduring-Strategies/dp/1493035355 Just finished this book and I must say it was a disappointment for me. It was essentially a rehash of the...
by DanMahowny
Tue Oct 16, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3457
Views: 1025086

Re: What Book Are You Currently Reading? Part VI

ray.james wrote:
Tue Oct 09, 2018 12:46 pm
The Great Depression: a Diary by Benjamin Roth
A wonderful book indeed. I read it twice.

After seeing your post, I plan to read it for a third time. Next on my list.
by DanMahowny
Mon Oct 15, 2018 10:16 am
Forum: Local Chapters and Bogleheads Community
Topic: michael survivors
Replies: 16
Views: 2076

Re: michael survivors

I have several friends that live in Panama City Beach. I spoke to all of them and they were among the lucky. Minor damage and a few downed trees. Indeed, others in the area weren't so lucky. I'm driving down there next week to help people that need it. I vacation there frequently. Love the people. W...
by DanMahowny
Mon Oct 15, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21721

Re: Talk me out of buying a Tesla Model 3

You'll love the Audi man.

It's a much more refined vehicle, easy to service, will "recharge" in around 1 minute, and the bumper won't fall off when it rains.
by DanMahowny
Mon Oct 15, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 4155

Re: How Much Is Your Sewer Bill?

I consume around 235,000 gallons of water per year. How are you using so much water? ~19,500 gallons a month? Showers and lawn watering mostly. I have a shower with 6 heads. My showers typically last 40-60 minutes. Very relaxing and cheaper than regular massages. I water my lawn daily. It looks fab...
by DanMahowny
Sun Oct 14, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Facebook account hacked
Replies: 5
Views: 1012

Re: Facebook account hacked

runner3081 wrote:
Sun Oct 14, 2018 5:10 pm
Or deleting the account for good.
My recommendation as well.
by DanMahowny
Sun Oct 14, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 4155

Re: How Much Is Your Sewer Bill?

My sewer bill averages around $2,000 p/yr.

Roughly the same amount for water.

I consume around 235,000 gallons of water per year.
by DanMahowny
Sun Oct 14, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Idiotic questions from NEWB- please help
Replies: 14
Views: 1447

Re: Idiotic questions from NEWB- please help

I built wealth via individual stocks. I bought shares of quality companies at reasonable prices and HELD FOR DECADES.

It was only AFTER I became wealthy, I started indexing.

This approach is NOT going to work for most people.
by DanMahowny
Sat Oct 13, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 70
Views: 5184

Re: Is it worth filing FAFSA even if you know you'll get nothing?

No FAFSA. 2 kids. I'm going to pay for all of it anyway.

No chance I'll reveal intimate financial details with no benefit whatsoever.

Only my wife knows how much money we have. It's gonna stay that way- at least until we're both dead.
by DanMahowny
Thu Oct 11, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8605
Views: 1678474

Re: U.S. stocks in freefall

Yup... just last week I was $4,000 measly dollars away from joining the 2 comma club for the first time. I’d been tracking it closely to see if I’d hit that milestone. Now I feel much farther away.... bummer Hang in there man. Same thing happened to me around 4-5 years ago. You'll get there. Now or...
by DanMahowny
Thu Oct 11, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Black Friday is coming.. what's on your list?
Replies: 82
Views: 8158

Re: Black Friday is coming.. what's on your list?

I enjoy sitting at home, drinking coffee, watching videos of the shoppers stampede, trampling each other, fighting over some useless gadget. Some years are better than others.
by DanMahowny
Thu Oct 11, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 104
Views: 5702

Re: Keep a backup hot water heater?

fortfun wrote:
Wed Oct 10, 2018 7:14 pm
Teague wrote:
Wed Oct 10, 2018 7:13 pm
A cold water shower now and then builds character.
I agree but I'm afraid my wife and daughter might disagree :)
Exactly. Both of you are correct. Well done.
by DanMahowny
Wed Oct 10, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: What do you think of the Tesla craziness?
Replies: 25
Views: 2307

Re: What do you think of the Tesla craziness?

The Tesla "bull vs bear" debate is fascinating. Both side are convinced they are on the winning side. IMO, the bulls are financially illiterate, and perfectly illustrate why there is a huge gap between the rich vs the poor. I have a massive short position (with substantial paper profits at the curre...
by DanMahowny
Mon Oct 08, 2018 3:01 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21721

Re: Talk me out of buying a Tesla Model 3

OP- There is no doubt you can afford a model 3. I'd recommend a model S if you are going to buy a Tesla.

But, Tesla will enter bankruptcy before the calendar reaches 2019. No doubt about it. If you're okay with that, buy the car. Enjoy it man.

Nice financial stats too. Well done.
by DanMahowny
Mon Oct 08, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: New Car: No Collision/Comprehensive?
Replies: 52
Views: 4447

Re: New Car: No Collision/Comprehensive?

I bought 2 new cars in 2015. Liability insurance only. Easy decision for me. I also believe Uninsured/Underinsured motorist is essential. In our state, such coverage is mandatory. Yes. Thanks, I need to correct my "liability only" comment. I have uninsured/underinsured motorist coverage. I don't be...
by DanMahowny
Mon Oct 08, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: New Car: No Collision/Comprehensive?
Replies: 52
Views: 4447

Re: New Car: No Collision/Comprehensive?

I bought 2 new cars in 2015.

Liability insurance only. Easy decision for me.
by DanMahowny
Thu Oct 04, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tesla Class Action Lawsuit..... Should I Join ?
Replies: 18
Views: 2453

Re: Tesla Class Action Lawsuit..... Should I Join ?

Musk just called the SEC "Shortseller Enrichment Commission" in a tweet.
by DanMahowny
Thu Oct 04, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Tesla Class Action Lawsuit..... Should I Join ?
Replies: 18
Views: 2453

Re: Tesla Class Action Lawsuit..... Should I Join ?

Both investors and short sellers are suing Tesla/Musk.

Hilarious indeed. And well deserved.
by DanMahowny
Sat Sep 29, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: 0% loan to family member
Replies: 44
Views: 2756

Re: 0% loan to family member

"When you feed a wild animal, it becomes dependent and unable to fend for itself. It works the same for people."
by DanMahowny
Fri Sep 28, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10860

Re: SEC charges Musk with Fraud!!!

Musk settlement would've banned him from Chairman for two years. Would require Tesla to add two new independent directors. Elon was wise to decline. Here's why: If Musk leaves, the books will be exposed to outsiders, and they'll see clear, massive accounting fraud. Why do you think all the executive...
by DanMahowny
Fri Sep 28, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: cell phone plans--google fi?
Replies: 22
Views: 2006

Re: cell phone plans--google fi?

I have a Pixel XL2 and Google Fi.

Wifey and I combined bill range from $45 - $55 each month.

Happy with the service and price. Recommended.