Search found 46 matches

by DanMahowny
Sat Oct 14, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3720

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

In my physician job, I refuse to talk to them unless they stop driving. It's just my rule and there are no exceptions. If it's important enough to talk to the doctor about, it's important that I have to have their undivided attention. Besides, I'm an 'expert' in distracted driving. And by expert I ...
by DanMahowny
Fri Oct 13, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3720

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

I talk via speakerphone while driving frequently.

Otherwise, I'll talk to whoever is in the car with me.

Personally, I don't see the difference.
by DanMahowny
Fri Oct 13, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 160
Views: 13659

Re: What's your asset allocation and why?

70%
35% short-term treasuries
21% TIPs
14% Gold

30%
18% US equities
7.2% int'l developed
4.8% emerging markets

Retired.
by DanMahowny
Thu Oct 12, 2017 6:50 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4163

Re: 10 year anniversary of the beginning of the Great Recession

I lost my job at the same time. During the 1st 12 months of the Great Recession, I went 100% equities.

Been retired ever since.
by DanMahowny
Thu Oct 12, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: Tesla roof deposit: Anyone paid one?
Replies: 16
Views: 2067

Re: Tesla roof deposit: Anyone paid one?

unclescrooge wrote:
Thu Oct 12, 2017 6:37 pm
I just spent $13.5k on a new shingle roof and $17.5k for solar panels.

By comparison, Tesla roof was $96k
My electric bill is $131 p/mo (36 month average).

$96k / $1,572 = 61 years worth of electric bills.
by DanMahowny
Wed Oct 11, 2017 5:36 am
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 11656

Re: 100% in bond to wait for market crash?

There are only TWO types of investors:

1) Those that don't know where the market is going.
2) Those that don't know that they don't know.

Sadly, I may lean towards type 2. But I did well anyway because I'm a good saver.
by DanMahowny
Mon Oct 09, 2017 7:31 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 11656

Re: 100% in bond to wait for market crash?

I'm OUT, mostly. Today I sold all equities, US, international, emerging market, and a few individual stocks. Still hold some oil/oil services index funds. Otherwise all cash, bonds, TIPs, and gold. I figure the TIPs, gold and my house provide some protection against inflation. Already retired, and m...
by DanMahowny
Sun Oct 08, 2017 11:31 am
Forum: Personal Consumer Issues
Topic: Goldman Sachs Bank website always down?
Replies: 1
Views: 262

Re: Goldman Sachs Bank website always down?

I have a savings account there. Seems to be "down" when I attempt to logon early Sat or Sun morning, otherwise don't notice any problems.
by DanMahowny
Thu Oct 05, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11068

Re: Millionaire Next Door (Thank you Bogleheads)

Well done! And thank you for sharing your story. Good stuff.

R.I.P. Mom
by DanMahowny
Tue Sep 26, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 317
Views: 51591

Re: Any books really change your outlook on life?

Kick the Drink Easily . . . by Jason Vale
- I never thought I wanted to quit drinking, or needed to quit drinking, until I read this book.
by DanMahowny
Fri Sep 22, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8232

Re: Age you retired

2015 wrote:
Fri Sep 22, 2017 3:07 pm
60. Loving it. Busier now than before I retired. But infinitely more fulfilled.
This is my experience also. I have no idea how I ever had the time to work. My days are completely full. I don't understand how anybody could possibly be "bored" after they quit working.
by DanMahowny
Fri Sep 22, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8232

Re: Age you retired

CyberBob wrote:
Fri Sep 22, 2017 1:38 pm
DanMahowny wrote:
Fri Sep 22, 2017 1:02 pm
42
Same for me.
DanMahowny wrote:
Fri Sep 22, 2017 1:02 pm
Net worth tripled since then too.
Also same for me. We're Boglehead twins :D
That's awesome man.
by DanMahowny
Fri Sep 22, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8232

Re: Age you retired

42

Lost my job (didn't plan to retire at that age). And then I realized I was financially independent. Net worth tripled since then too.
by DanMahowny
Fri Sep 22, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 3857

Re: Oil - Price & Supply/Demand Conundrum

Personally, I believe oil/oil services will outperform any industry over the next ten years.
by DanMahowny
Thu Sep 21, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24033

Re: I won the Lottery. Need sound advice.

OP- lots of red flags in your post. And I mean lots! Seems likely that you'll burn through your windfall in short order. I predict you'll be broke in 3 years or less. Of course, you can prove me wrong (I hope you do). I recommend you read The Millionaire Next Door. Take your time and absorb the mate...
by DanMahowny
Mon Sep 18, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Worth buying an excessive priced house?
Replies: 43
Views: 3979

Re: Worth buying an excessive priced house?

Whenever I'm faced with a decision such as this, I always remind myself . . .

"The things you own end up owning you"
by DanMahowny
Wed Sep 13, 2017 8:26 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20110

Re: Iphone X is $1000

It's a shame that young people (and many adults) spend a significant portion of their lives staring at a small screen.

And I'll admit, I spend too much time watching people stare at small screens.

There are better things for us to do.
by DanMahowny
Wed Sep 13, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Tesla Financing
Replies: 22
Views: 2119

Re: Tesla Financing

Tesla vehicles are powered by coal. Nothing "green" about that.

Love the car tho. They are great- I did a test drive and was fully impressed.
by DanMahowny
Tue Sep 12, 2017 5:32 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20110

Re: Iphone X is $1000

I'm still using my Samsung Galaxy S3. Perhaps in about 5 more years I'll consider a new phone.
by DanMahowny
Fri Sep 08, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed 7% Real Estate Deal: Pull from Stock Market?
Replies: 36
Views: 3872

Re: Guaranteed 7% Real Estate Deal: Pull from Stock Market?

Nate79 wrote:
Thu Sep 07, 2017 11:43 pm
Guaranteed 7% with no downside risk is not possible.
This is what I was waiting for. I knew someone would say it before I.
by DanMahowny
Thu Sep 07, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Don't know where to start at all
Replies: 21
Views: 1750

Re: Don't know where to start at all

Tips are reportable and taxable (including SS and Medicare taxes) to the IRS. Here is one page from the IRS with some info: https://www.irs.gov/businesses/small-businesses-self-employed/tip-recordkeeping-and-reporting This is why I always tip in cash. I hope the server does not report it as income,...
by DanMahowny
Wed Sep 06, 2017 5:19 pm
Forum: Personal Consumer Issues
Topic: Do I need an Amazon Echo??.....
Replies: 68
Views: 4895

Re: Do I need an Amazon Echo??.....

I have an Echo, and an Echo Dot.
I paid much more than $79.
by DanMahowny
Wed Sep 06, 2017 12:51 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 78
Views: 7215

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

I cancelled my Model 3 reservation. My $1,000 deposit was returned a week ago.

I'll buy a Toyota Camry or Honda Accord for around $24,000 instead. Invest the difference.
by DanMahowny
Mon Sep 04, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Companies/Brands You Love?
Replies: 157
Views: 10078

Re: Companies/Brands You Love?

Budweiser
The Macallan
by DanMahowny
Mon Sep 04, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: RFID wallet?
Replies: 28
Views: 3213

Re: RFID wallet?

A Boglehead wrote:
Mon Jan 04, 2016 8:44 pm
Do you have any experience with or opinion about RFID wallets?

My credit card company recommended one, but my bank had no opinion.

thank you!
Your credit card company recommends one because it protects their interests, not yours.
by DanMahowny
Fri Sep 01, 2017 7:52 pm
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4525

Re: Robert Kiyosaki - rich dad, poor dad

Rich people buy assets.
Poor and middle class buy liabilities.

That's what I got out of the book. Good enough for me.

Glad I read it.
by DanMahowny
Fri Sep 01, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: Ally savings rate raised to 1.20%
Replies: 41
Views: 5457

Re: Ally savings rate raised to 1.20%

I'm embarrassed to admit that I'm pumped about 1.20% interest, but I am.
by DanMahowny
Fri Sep 01, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: Dropped envelope of money at bank... Any lawyers here?
Replies: 72
Views: 4127

Re: Dropped envelope of money at bank... Any lawyers here?

I can't get beyond this part . . . .

Somebody dropped a envelope stuffed with cash, completely oblivious that they dropped it.
by DanMahowny
Wed Aug 30, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2415

Re: Deffered compensation plan? risky?

When I saw "12% interest", I immediately thought Ponzi.

I can't figure out why a company would borrow money at 12% interest in today's low interest rate environment. Again, I think Ponzi.
by DanMahowny
Wed Aug 30, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: where to put Tesla stock [Roth or another type of account]
Replies: 26
Views: 1057

Re: where to put Tesla stock [Roth or another type of account]

Tesla belongs in a taxable brokerage account.

The valuation is at insane levels. This way, when the stock plummets, you can get a tax break on your losses.
by DanMahowny
Tue Aug 29, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8178

Re: Relative angry I will not co-sign

I won't co-sign for my own children. Co-signers end up paying some portion of the debt about 60% of the time... thus the needs for a co-signer. If you can't or won't give someone the money, you shouldn't co-sign. In this case, as others have mentioned, there's no relationship - they just want whate...
by DanMahowny
Wed Aug 23, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 16764

Re: What should the savings be for an average professional

In the Millionaire Next Door, author Stanley says something like this:
(age x income) / 10 = expected net worth
by DanMahowny
Tue Aug 22, 2017 4:00 pm
Forum: Personal Consumer Issues
Topic: DirecTV vs. Dish vs. Cable
Replies: 21
Views: 1714

Re: DirecTV vs. Dish vs. Cable

I made the mistake of going to Direct TV a month or so ago whilst wandering through Costco. My bill was cut in half vs cable which is nice but I lose my satellite connection in a slight drizzle which is very annoying. Unfortunately we signed a two year contract. This is not normal and may indicate ...
by DanMahowny
Sat Aug 19, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: I cut the cord a couple years back but think I'm going back to cable
Replies: 47
Views: 8116

Re: I cut the cord a couple years back but think I'm going back to cable

Mine was considered a reconnect, instead of a new customer. That's why I was able to get the 2nd year so cheap.

And to the other question- Wide Open West for internet.
by DanMahowny
Fri Aug 18, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16034

Re: Jobs that pay over $100,000

Most people that "do what they love" make around $15k per year.
by DanMahowny
Fri Aug 18, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know how much your portfolio lost/gain in one day?
Replies: 31
Views: 1642

Re: How do you know how much your portfolio lost/gain in one day?

I use Quicken. I click "update", and the software updates the daily share prices, portfolio values, net worth, etc.
by DanMahowny
Fri Aug 18, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: I cut the cord a couple years back but think I'm going back to cable
Replies: 47
Views: 8116

Re: I cut the cord a couple years back but think I'm going back to cable

After last year's Super Bowl, I cancelled Directv (my monthly bill was around $130). Lived on Amazon Prime TV and YouTube for the last 6 months. Just went back to Directv last week. The details: Xtra Package, 230+ channels. Includes one 4k receiver, one Genie, and two wireless receivers. 4 tv's tota...
by DanMahowny
Wed Aug 16, 2017 2:45 pm
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 108
Views: 15649

Re: Revealing Usernames

harrychan wrote:
Thu May 05, 2016 1:33 pm
How do you know if it's their real name?
My username [DanMahowny] is the name of the main character in the movie Owning Mahowny.
by DanMahowny
Sat Aug 12, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14912

Re: How far would you travel to see The Eclipse?

I live in Nashville, so the eclipse is coming to me. But I have no interest in watching; will probably take a nap.
1) sun
2) dark
3) sun
Happens every 24 hours.
by DanMahowny
Thu Aug 10, 2017 3:07 pm
Forum: Personal Consumer Issues
Topic: Best at Home Safe
Replies: 24
Views: 1904

Re: Best at Home Safe

I have a crappy Sentry safe in my home office, where I keep around $10k cash. I fully understand this is stupid and not "safe" at all. But I also have two 90+ lb German Shepherd dogs roaming the house. And both are protection trained. I think that's good enough. But it would be more wise to keep the...
by DanMahowny
Wed Aug 09, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's the deal with AMICA???
Replies: 21
Views: 2211

Re: What's the deal with AMICA???

I have Amica and pay ONCE per year, instead of monthly.
by DanMahowny
Wed Aug 09, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17427

Re: Life at crossroads. What would you do ?

I'm new around here and don't have anything new to add that'll help the OP.

But I'm extremely impressed by the fantastic advice being given. Indeed, lot of intelligent people here.

Well done Bogleheads!
by DanMahowny
Tue Aug 08, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 8169

Re: Still Buying As planned Regardless Of The World Situation

Yep. Problems and reasons NOT to invest are easy to find if that's what people are looking for.

I'm always buying. I'll stop when I die.
by DanMahowny
Tue Aug 08, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: Should I Buy a New Car?
Replies: 42
Views: 3100

Re: Should I Buy a New Car?

Here's the rule I use:
Keep a car for 10 years or 200,000 miles, whichever come first.
by DanMahowny
Tue Aug 08, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Las Vegas Slot Machine Strategy (maximize entertainment value)
Replies: 31
Views: 2561

Re: Las Vegas Slot Machine Strategy (maximize entertainment value)

Perhaps you should consider Video Poker . . . I go to Vegas about 8 times each year. I get free rooms, some free food, and free-play for my video poker play. My flights are also free (credit card rewards). Although comps and video poker pay tables are deteriorating, full-pay games still exist. I pla...