Search found 286 matches

by DanMahowny
Mon Jun 18, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 107
Views: 4626

Re: Which Supermarket are you?

Piggly Wiggly
by DanMahowny
Tue Jun 12, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1067
Views: 84321

Re: To take or not to take delivery of Tesla 3

Yep. I shorted at $365. Considering another 100 share short.

No profits, crappy balance sheet, CEO is a snake oil salesman.
by DanMahowny
Tue Jun 12, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 4688

Re: How do you celebrate (potty trained kid) milestone with your spouse?

This is a joke, right?

No freaking way someone would celebrate potty training. Say it ain't so, please.
by DanMahowny
Fri Jun 08, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you Invest in Good Economy like this ?
Replies: 27
Views: 2109

Re: Where do you Invest in Good Economy like this ?

Short an overpriced stock with no earnings and a crappy balance sheet.

TSLA is a good fit.
by DanMahowny
Fri Jun 08, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: Death - Prediction
Replies: 63
Views: 3753

Re: Death - Prediction

Jack FFR1846 wrote:
Fri Jun 08, 2018 9:09 am
I have a life spreadsheet with everything predicted. Tax advantaged accounts, college costs, travel expenses, for every year until I'm 85. Then I die. I think I picked the day....I'll have to check that.

(I'm an engineer......are you surprised?)
Love this post. Nice job man.
by DanMahowny
Fri Jun 08, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Death - Prediction
Replies: 63
Views: 3753

Re: Death - Prediction

No clue when I'll die, but I expect to live "a life worth living" up to age 75. I plan to spend down my assets accordingly.

I'm okay with living into my 80's nearly broke.
by DanMahowny
Wed Jun 06, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 6556

Re: Should I put some money aside in money market for market correction

The greatest investors are all market timers.

Indeed, timing the market is very difficult, and most will fail.

But to say market timing is impossible is just ridiculous.

Also, I agree the BogleHead way is the preferred approach.
by DanMahowny
Tue Jun 05, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: When should you consider removing the collision coverage on a car?
Replies: 70
Views: 5407

Re: When should you consider removing the collision coverage on a car?

I own a 2015 Subaru Forester and 2015 Honda Accord.

Liability insurance only, both vehicles.
by DanMahowny
Tue Jun 05, 2018 12:59 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4837

Re: Best case to convert a Bogle skeptic?

It's hard to convince someone that their life's work was total crap.
by DanMahowny
Sun Jun 03, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Need to replace my Vizio TV..............
Replies: 35
Views: 2478

Re: Need to replace my Vizio TV..............

This happened to one of my tvs.

I purchased a cheap soundbar ($70-ish) and it solved the problem. Also, a cheap soundbar will provide sound that's far superior than a tv without. Today's tvs are so thin; only enough room for crappy little speakers.
by DanMahowny
Thu May 31, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3060
Views: 943940

Re: What Book Are You Currently Reading? Part VI

Educated
by Tara Westover

Not done yet, but WOW!
by DanMahowny
Tue May 29, 2018 11:35 am
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 4966

Re: Splurging on the NBA finals

Now that we have giant Ultra HD televisions, I have no interest seeing a game live.

But if that's your thing, go and enjoy yourself.
by DanMahowny
Tue May 29, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8127

Re: The Side Hustle

I'm an Advantage Gambler. I make money in casinos, and sports betting .

Not much, around $20k per year average, with lots of variance.
by DanMahowny
Mon May 28, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 7109

Re: Tesla Autopilot, worth it?

When I became aware of this statistic, it changed how I view automobiles and now only purchase the “safest” vehicle I can. I drive a Mercedes GLE with all of the latest safety features. I like it because the safety features step in when the driver fails (rather than the Tesla requiring the driver t...
by DanMahowny
Mon May 28, 2018 12:18 am
Forum: Local Chapters and Bogleheads Community
Topic: MEMORIAL DAY 2018
Replies: 28
Views: 2498

Re: MEMORIAL DAY 2018

If you can read, thank a teacher.

If you read in English, thank a veteran.
by DanMahowny
Sun May 27, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 7109

Re: Tesla Autopilot, worth it?

Cycle- Thanks for setting me straight. I was wrong.

But, HOLY CRAP, auto deaths are outrageous. I still find it hard to believe, but the numbers are right there. WOW!

Thanks for the links.
by DanMahowny
Sat May 26, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 7109

Re: Tesla Autopilot, worth it?

Cycle wrote:
Tue May 22, 2018 10:22 pm
According to the national safety council, one has a 1/98 chance of dying in a car wreck in their lifetime.
Preposterous. Absurd. Ridiculous.
by DanMahowny
Wed May 23, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 50
Views: 2579

Re: Quicken - Do you use it?

Received my first Quicken program for Christmas in 1993. I've been using it ever since, upgrading along the way. My entire financial life is in it, in gory detail. I manually enter and categorize every transaction: credit card, bank accounts, and all investment accounts, including 401ks over the ye...
by DanMahowny
Mon May 21, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3060
Views: 943940

Re: What Book Are You Currently Reading? Part VI

How I Found Freedom in an Unfree World -by Harry Browne
by DanMahowny
Mon May 21, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1067
Views: 84321

Re: To take or not to take delivery of Tesla 3

DanMahowny, it’s interesting that your antipathy for Tesla led you to behave in such an un-Bogleheadish way. Shorting individual stocks is too exciting a game for me! Thanks Andy, "un-Bogleheadish" is a kind way to say "stupid", I guess. Shorting a stock IS STUPID. But what the heck, I'm well aware...
by DanMahowny
Mon May 21, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1067
Views: 84321

Re: To take or not to take delivery of Tesla 3

I put down my $1,000 deposit for a Model 3 on April 3, 2016 after I learned I could get one for $35k. That's 2 years, 1 month, 18 days ago (778 days). Still no sign of the $35k car. Musk is a snake oil salesman. Definitely bait and switch. Very glad I cancelled my order on 2/25/17. Later, i used the...
by DanMahowny
Mon May 21, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 14085

Re: The Millionaire Next Door and civil servants

I loved The Millionaire Next Door. Highly unlikely that I'd be a millionaire if I didn't read that book. A few years after reading (many many times), I wrote Dr Stanley seeking guidance on a home purchase decision. A few weeks later he called me and we spoke for nearly an hour. And continued to spea...
by DanMahowny
Sun May 20, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5396

Re: Finance a $28,000 house for Brother?

Western PA, WV panhandle, Eastern Ohio.

My high school buddy buys rental homes there. Never paid more than $10k.
by DanMahowny
Sat May 19, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5396

Re: Finance a $28,000 house for Brother?

golfCaddy wrote:
Sat May 19, 2018 4:18 pm
I didn't know you could buy a $28k house, which didn't need to be condemned.
There are homes for sale for $8,000 (move in condition) in my childhood hometown.

Some people live there drive $40k cars, live in $10k homes. Crazy ain't it?
by DanMahowny
Sat May 19, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5396

Re: Finance a $28,000 house for Brother?

I wouldn't do it. As you know, owning a home is more than just the purchase price.

Are you prepared to provide financial assistance for property taxes, repairs, emergencies, and other?

If I was in this situation, I'd recommend brother rents. Good luck man.
by DanMahowny
Fri May 18, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: prearranged funeral plans-Neptune Society
Replies: 10
Views: 1002

Re: prearranged funeral plans-Neptune Society

I have pre-arranged to have my body sent to the University of Miami Medical School. Several reasons: It should help medical research and help students be better doctors. No funeral expenses and less unpleasantness for heirs. I plan to do the same. Perhaps I need to set it up now since I have to clu...
by DanMahowny
Fri May 18, 2018 8:59 am
Forum: Personal Consumer Issues
Topic: Renting storage unit
Replies: 24
Views: 1818

Re: Renting storage unit

A dumpster is the best option.

The things you own end up owning you. Free yourself.
by DanMahowny
Wed May 16, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4822

Re: New motorcycle rider

A smart dude learns from his mistakes. A really smart dude learns from other people's mistakes.

Learn from my mistake- don't buy a motorcycle.
by DanMahowny
Wed May 16, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 8133

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

Just curious, how is gold that different from silver? They're both precious metals, neither produces any real return. Why is gold so much "better" than silver? Gold is a precious metal. Silver is an industrial metal. Gold is not a "good investment", but is an excellent hedge against hyper-inflation...
by DanMahowny
Tue May 15, 2018 9:15 pm
Forum: Personal Consumer Issues
Topic: Free skin cancer screenings
Replies: 26
Views: 2344

Re: Free skin cancer screenings

Keep in mind that many (most?) medical societies do not recommend routine skin cancer screening as their benefit:harm ratio has not been consistently proven favorable. Great post. I recently read a fantastic book "Over-Diagnosed: Making People Sick in the Pursuit of Health" My takeaways: 1) Free sc...
by DanMahowny
Tue May 15, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6593
Views: 1430156

Re: U.S. stocks in freefall

marcopolo wrote:
Tue May 15, 2018 5:59 pm
That seems kind of halfhearted. If you are convinced the DOW will be at 16000 in 12 months or less, why not short it, or at least buy some puts (will limit losses in case you are wrong) to profit from this knowledge.
So I have to do it your way? Sorry man.
by DanMahowny
Tue May 15, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6593
Views: 1430156

Re: U.S. stocks in freefall

Sorry man. I don't think that way.

About the only thing I do consistently is NOT follow the crowd. Been doing it all my life. Retired from work at 42 in 2007. I invest my money for a living.

Basically, I study conventional wisdom, then reject it. It's a great way to get rich.
by DanMahowny
Tue May 15, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 6273

Re: Neighbor wants to use our land temporarily - let them or not?

fsrph wrote:
Tue May 15, 2018 4:38 pm
I've never met the neighbor.
Treat a stranger as you would a friend. Trust them as you would a stranger.
by DanMahowny
Tue May 15, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6593
Views: 1430156

Re: U.S. stocks in freefall

I started selling at the end of Oct 2017. Finished selling at the end of Jan 2018. The only equities I own are in the Oil/Oil Services industry which represent somewhere between 20-30% of my portfolio. The rest is in cash, short-term treasuries, TIPs, and some gold. This portfolio hit an all time hi...
by DanMahowny
Tue May 15, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Buying land in central FL
Replies: 55
Views: 5359

Re: Buying land in central FL

OP,

Have you ever seen the movie Glengarry Glen Ross ???

Don't know if it will impact your decision to buy, or not buy, but at least it's a damn good movie.
by DanMahowny
Tue May 15, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6593
Views: 1430156

Re: U.S. stocks in freefall

robertmcd wrote:
Tue May 15, 2018 1:26 pm
Have you bought long term treasuries yet?
Nope. I do own a substantial amount of short treasuries tho.

I'm mostly avoiding long treasuries because I'm not expecting deflation.
by DanMahowny
Tue May 15, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6593
Views: 1430156

Re: U.S. stocks in freefall

Things will get much more exciting around here when DOW plunges to 16,000 in the next 12-18 months.

We should all decide now how we'll react.
by DanMahowny
Tue May 15, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Bringing individual assets into joint account
Replies: 27
Views: 1107

Re: Bringing individual assets into joint account

I have some assets in my name only, and so does my wife.

Doesn't matter to us whose name is on the account. It's OUR money. We are a team.
by DanMahowny
Tue May 15, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Sports Betting Opportunities
Replies: 25
Views: 2079

Re: Investing in Sports Betting Opportunities

Illegal books will thrive because: 1) reduced vigorish 2) no taxes on winnings 3) bet anonymously 4) bet on credit 5) more betting offerings 6) tax free winnings The legal sports betting opportunities will bring new bettors to the market. Eventually these people will learn there's a "better way" to ...
by DanMahowny
Mon May 14, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Did you go 100% Cash-FDIC in 529 at HS graduation or before?
Replies: 13
Views: 1150

Re: Did you go 100% Cash-FDIC in 529 at HS graduation or before?

Outafter20 wrote:
Mon May 14, 2018 6:03 pm
We just moved our daughter's 529 account into 50/50 (she is finishing 8th grade). We plan on going 25/75 in 2 years and 0/100 at graduation.
Precisely what I did. Missed out on some equity gains, but what the heck.
by DanMahowny
Mon May 14, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Sports Betting Opportunities
Replies: 25
Views: 2079

Re: Investing in Sports Betting Opportunities

Strider wrote:
Mon May 14, 2018 4:48 pm
OP here. To date, most of the current volume of sports betting has been underground. Going forward such betting will be channeled through legal entities.
My illegal bookie thinks legal sports betting will drive even more business his way. I think he's right.
by DanMahowny
Fri May 11, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: Anyone buy carbon offsets when flying?
Replies: 111
Views: 4671

Re: Anyone buy carbon offsets when flying?

No moral dilemma here. In my view it's a complete waste of money. Sorry man.
by DanMahowny
Fri May 11, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 1819

Re: Investment Advice from Pension Fund Manager - Should I listen?

MotoTrojan wrote:
Thu May 10, 2018 9:21 pm
Lump sum RSU sale. Just making a point that you should invest as soon as you can.
Sorry, last question:

RSU = Rogers State University ??? (in Northeast Oklahoma)
by DanMahowny
Thu May 10, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 1819

Re: Investment Advice from Pension Fund Manager - Should I listen?

MotoTrojan wrote:
Thu May 10, 2018 7:19 pm
I just doubled the size of my portfolio last week. No qualms.
Nice job. How did you do it?
by DanMahowny
Tue May 08, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1067
Views: 84321

Re: To take or not to take delivery of Tesla 3

4nursebee wrote:
Mon May 07, 2018 3:42 pm
My guess is Elon thinks the model 3 will [continue to] succeed, he bought 33,000 shares today. He has always said he would be the last to sell.
He should've shorted the stock.
by DanMahowny
Mon May 07, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Las Vegas shows
Replies: 22
Views: 2119

Re: Las Vegas shows

Absinthe for sure.

The best free show is watching the guy with the sign that reads "Kick Me in the Nuts for $20". Pretty entertaining watching this guy earn a living.