Search found 740 matches

by DanMahowny
Mon May 20, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tax return filed 4/3/19, still no refund received. How screwed am I?
Replies: 10
Views: 972

Re: Tax return filed 4/3/19, still no refund received. How screwed am I?

I filed 4/4. Electronic. Prepared by CPA. All very basic.

Still waiting for my $312 direct deposit refund.
by DanMahowny
Mon May 20, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 182
Views: 10535

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

Seems to me that most of the young, FIRE types are just hippies mooching off others and calling it retirement. Sleeping on someone else's couch isn't financial independence. Can you provide any examples of mooching? Yes. I can. Here's a good example of what I mean. I just finished a book from the l...
by DanMahowny
Mon May 20, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 182
Views: 10535

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

Seems to me that most of the young, FIRE types are just hippies mooching off others and calling it retirement.

Sleeping on someone else's couch isn't financial independence.
by DanMahowny
Mon May 20, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: completely freaked out about withdrawing from retirement accounts....
Replies: 53
Views: 5064

Re: completely freaked out about withdrawing from retirement accounts....

HEDGEFUNDIE wrote:
Mon May 20, 2019 3:23 am
BarbBrooklyn wrote:
Mon May 20, 2019 1:47 am
but with about 330K of the "bond" allocation in guaranteed 7% funds.
Huh? What magical fund is this?
I would like to know this as well.
by DanMahowny
Fri May 17, 2019 4:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10782
Views: 1886807

Re: U.S. stocks in freefall

jibantik wrote:
Fri May 17, 2019 4:33 pm
How many beach houses does the loss described below equate to? :P
Cash outperformed equities in 2018.

My portfolio increases every day. Thanks.
by DanMahowny
Fri May 17, 2019 3:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10782
Views: 1886807

Re: U.S. stocks in free fall

Jags4186 wrote:
Fri May 17, 2019 3:07 pm
Where are all the TSLA bulls?
HAHAHAHA!!

I was often criticized for shorting TSLA, but it's the best investment I ever made. I could cover my position and buy a nice beach house right now.
by DanMahowny
Thu May 16, 2019 6:22 pm
Forum: Personal Investments
Topic: Intel sell or hold NOW sold.
Replies: 64
Views: 4074

Re: Intel sell or hold

corn18 wrote:
Tue Apr 30, 2019 10:02 pm
If you had $1.5M in cash right now, would you buy Intel stock with it? If you're a Boglehead, the answer is heck no. Sell it all now. Invest in 3 fund portfolio at your desired AA.
This is the answer.
by DanMahowny
Thu May 16, 2019 2:39 pm
Forum: Personal Investments
Topic: Investment Strategy for a 30 year old
Replies: 5
Views: 820

Re: Investment Strategy for a 30 year old

Short Tesla.

There is no better opportunity to make money.
by DanMahowny
Thu May 16, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Now or One More Year?
Replies: 40
Views: 4638

Re: Now or One More Year?

Retire now. Just because retirement is awesome.
by DanMahowny
Thu May 16, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: Which car has the best or most comfortable cabin under 35K
Replies: 74
Views: 5891

Re: Which car has the best or most comfortable cabin under 35K

RickBoglehead wrote:
Thu May 16, 2019 5:03 am
Ford Fusion Hybrid Titanium trim.
I was in SW Florida looking at real estate last month. My rental was a Ford Fusion Hybrid.

Very impressive vehicle indeed. I was in that car for several hours each day- extremely comfortable. Loved that car.
by DanMahowny
Wed May 15, 2019 6:45 am
Forum: Personal Consumer Issues
Topic: Retirement home property - select good, better, best?
Replies: 23
Views: 2287

Re: Retirement home location, good, better, best

When picking out a tax haven state away from dem yanks, I would suggest you avoid the areas prone to flooding. Coastal homes in general are very exposed and that problem will continue to get worse. 500 year floods should be expected every few decades going forward. Cape cod and barrier islands alon...
by DanMahowny
Mon May 13, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: Internet speed recommendation
Replies: 26
Views: 1529

Re: Internet speed recommendation

30mbps here. I pay $37.52 p/mo (all in). Don't know if that's a good price, or not, but it's the best I've been able to negotiate.

Each year, I call to negotiate another round of annual discounts, and they try to get me to upgrade to faster service. I politely decline. 30mbps works for me.
by DanMahowny
Mon May 13, 2019 10:56 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10236

Re: Does your retirement plan work if stocks are flat or in decline for decades?

My portfolio is all cash (since Jan2018) and a large TSLA short.

I would welcome a large decline in the equity markets (50% would be pretty cool).
by DanMahowny
Fri May 10, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 7153

Re: How much do you donate?

It's difficult to nail down an actual amount. Perhaps around $10k p/yr? My donations are real cash, given directly to someone. Most often, I will fill up someone's gas tank. I do this quite often. Otherwise I just hand cash to random strangers that look like they need a break. Young people working ...
by DanMahowny
Fri May 10, 2019 2:35 pm
Forum: Personal Investments
Topic: Time to fire the financial assistant. Help me with the courage.
Replies: 41
Views: 3966

Re: Time to fire the financial assistant. Help me with the courage.

I'll fire the guy. Seriously, I'll do it.

Let me know.
by DanMahowny
Thu May 09, 2019 2:48 pm
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 48
Views: 2485

Re: Recycling Different Plastics

I keep things simple.

Everything goes in the trash, including the recycle bins. Done.
by DanMahowny
Thu May 09, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 7153

Re: How much do you donate?

It's difficult to nail down an actual amount. Perhaps around $10k p/yr? My donations are real cash, given directly to someone. Most often, I will fill up someone's gas tank. I do this quite often. Otherwise I just hand cash to random strangers that look like they need a break. Young people working c...
by DanMahowny
Tue May 07, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: "Forever home" - 10/1 ARM vs 30-year FRM
Replies: 25
Views: 2054

Re: "Forever home" - 10/1 ARM vs 30-year FRM

bloom2708 wrote:
Mon May 06, 2019 8:17 pm
Most people's "Forever Home" lasts 5-7 years.
This is so true. Wish I had a list of all the people I know that bought a "forever home" . . . . I don't think any of them made it longer than 10 years.
by DanMahowny
Tue May 07, 2019 10:42 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13225

Re: I tried to fire my financial advisor of 12 years today...

I wish I had a financial advisor . . . . . so I could fire them.
by DanMahowny
Tue May 07, 2019 8:55 am
Forum: Personal Consumer Issues
Topic: Which US city would you move to?
Replies: 74
Views: 7023

Re: Which US city would you move to?

I'm moving to Rotonda, Florida in a year or two.
by DanMahowny
Mon May 06, 2019 10:46 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10782
Views: 1886807

Re: U.S. stocks in free fall

AerialWombat wrote:
Mon May 06, 2019 10:41 am
I’m up 0.12% today so far.

Days like this are why I’m 30/70.
You're beating me, man. I'm only +0.09%.

This is normal (doesn't matter very much what the market is doing).
by DanMahowny
Sat May 04, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 149
Views: 11541

Re: Just Bought an Annuity

Out of curiosity....it seems that you intentionally did NOT choose to go with a variable annuity. May I ask why not? (Note--I am an advisor, and I do periodically sell VA's when I deem them appropriate, and you seem like a good candidate. I am NOT soliciting or advertising or promoting my services....
by DanMahowny
Sat May 04, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 10846

Re: Rarely used items that are worth having?

GmanJeff wrote:
Sat May 04, 2019 3:35 pm
An automated external defibrillator.
Yes. This one.

I'm going to buy one of these things, and learn how to use it.

Thank you GmanJeff.
by DanMahowny
Sat May 04, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Birthday party- No gifts
Replies: 42
Views: 3061

Re: Birthday party- No gifts

If I specified, "no gifts" and someone brought a gift, that'll be the last party they're invited to, no doubt.
by DanMahowny
Sat May 04, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Perspective [How much is left for spending in retirement?]
Replies: 47
Views: 3977

Re: Perspective [How much is left for spending in retirement?]

Let’s assume everything is in a tax-advantaged, traditional IRA. From this $1M total, you must take away taxes. You are good, but you can’t get away from paying Uncle Sam, so let’s say you can reasonably assume a 21% average tax bracket. This leaves you with $1M - ($1M x 21%) or $790,000. I disagre...
by DanMahowny
Fri May 03, 2019 4:46 pm
Forum: Personal Consumer Issues
Topic: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?
Replies: 60
Views: 3626

Re: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?

Journalism doesn't exist anymore. It's all just media.

I rely on personal experience.
by DanMahowny
Thu May 02, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10782
Views: 1886807

Re: U.S. stocks in free fall

The US stock market hasn't gone anywhere for the past 16 months. Total stock Index (VTSAX) 1/22/2018 @71.50 5/2/2019 @72.60 Same story with Dow and SP500 I'm feeling pretty good about going all cash in Jan 2018. My market timing indicator was when I saw a bunch of people posting their 401k statemen...
by DanMahowny
Thu May 02, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: My solar investment experience
Replies: 100
Views: 8204

Re: My solar investment experience

My electric bill was $62 last month.

Spend $14,000,
so I can save $62,
and call it an investment?

No thanks.
by DanMahowny
Tue Apr 30, 2019 7:09 pm
Forum: Personal Investments
Topic: I'm 37, late to the game, worth about 35k...
Replies: 42
Views: 7058

Re: I'm 37, late to the game, worth about 35k...

You are young, single, traveling the world, and surfing.

I have no advice for you, but would certainly listen if you have any advice for me.
by DanMahowny
Tue Apr 30, 2019 6:01 pm
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 73
Views: 6096

Re: out of network emergency visits. Huge bill!!!

I don't see what the issue is? You knew you were OON and chose to go there. It was NOT an emergency it was an elective decision. If the drive was too far why didn't you just get a taxi or uber to your in network ER. A kidney stone (yes I know how painful) is not an emergency. That is the truth. If ...
by DanMahowny
Tue Apr 30, 2019 4:25 pm
Forum: Personal Investments
Topic: 54yo and thinking about in early semi-retirement...
Replies: 8
Views: 1571

Re: 54yo and thinking about in early semi-retirement...

welcome rj

Perhaps I'm oversimplifying things, but I would ask myself, "Can I get to age 70 with what I have now?" If yes, then retire.

Also, Auburn or Alabama?
by DanMahowny
Tue Apr 30, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Random piling on of a financial advisor
Replies: 14
Views: 2058

Re: Random piling on of a financial advisor

I'm 52, retired, and would be thrilled to double my money every 10 years for the remainder of my life.

My asset allocation and risk tolerance suggest that I will come up short. And I'm okay with that.

Perhaps you dad (R.I.P.) felt the same way.
by DanMahowny
Tue Apr 30, 2019 10:34 am
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 73
Views: 6096

Re: out of network emergency visits. Huge bill!!!

OP went out of network because the pain was unbearable.

Reminds me of a quote from the movie Roadhouse . . . .
"Pain Don't Hurt." -Dalton

Dalton would've stayed "in network", and faced a much smaller bill.

Good luck OP. Hope things work out, man.
by DanMahowny
Mon Apr 29, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Credit is frozen, how do I apply for credit card?
Replies: 16
Views: 1400

Re: Credit is frozen, how do I apply for credit card?

birdog wrote:
Mon Apr 29, 2019 7:59 am
Explorer wrote:
Sun Apr 28, 2019 9:36 pm
RickBoglehead wrote:
Sun Apr 28, 2019 9:33 pm
Unfreeze all 3 for 24 hours, wait 15 min, then apply.
This is exactly what I do.. start unfreeze today, end unfreeze tomorrow. Then apply online for credit card - you will get immediate approval (assuming no other issues).
Same here!
I do the same
by DanMahowny
Sun Apr 28, 2019 6:49 am
Forum: Personal Investments
Topic: Gambling with "fun money" (Penny stocks, other ideas?)
Replies: 43
Views: 3281

Re: Gambling with "fun money" (Penny stocks, other ideas?)

I would recommend that you short Tesla stock.

It's "fun" because you will make money since bankruptcy is unavoidable (otherwise will be acquired at substantially lower price).

I did this after Elon's, "funding secured" lie, at a price of $380.
by DanMahowny
Sat Apr 27, 2019 5:35 pm
Forum: Personal Investments
Topic: Investing in a Broadway show production
Replies: 38
Views: 3534

Re: Investing in a Broadway show production

I'll make 2 predictions:

1) You will invest.

2) You will lose it all, and more.
by DanMahowny
Sat Apr 27, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 103
Views: 39303

Re: If I Knew Then What I Know Now

Michael- great stuff. Thank you for posting.
by DanMahowny
Sat Apr 27, 2019 8:00 am
Forum: Personal Investments
Topic: What to do? Sitting on the bench since October
Replies: 66
Views: 7213

Re: What to do? Sitting on the bench since October

You would've been better off staying in cash. I went all cash in Jan2018 (after going 100% equities in 2009). Very happy with my timing decisions. When do you plan to deploy your cash? Anyone can go to "all cash" at any time.. the challenge is to know when to get back in. That is exactly why market...
by DanMahowny
Fri Apr 26, 2019 1:49 pm
Forum: Personal Investments
Topic: Dump international?
Replies: 228
Views: 14798

Re: Dump international?

AlohaJoe wrote:
Wed Apr 24, 2019 10:50 am
onourway wrote:
Wed Apr 24, 2019 10:23 am
The point of diversifying investments has never been to maximize returns.
Yep. If you think international has done poorly, wait till you look at how your bonds have done!

Clearly you need to go 100% equities.
Every post by AlohaJoe is pure gold.
by DanMahowny
Fri Apr 26, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle courses
Replies: 33
Views: 2878

Re: Side Hustle courses

Thegame14 wrote:
Thu Apr 25, 2019 12:09 pm
I keep seeing a Facebook side hustle where you run Facebook advertisements for local businesses and they say you can charge $1-2K per month per client, and the cost of the course is $300.
The people selling the $300 course are the only ones that'll make any money.
by DanMahowny
Fri Apr 26, 2019 1:43 pm
Forum: Personal Investments
Topic: What to do? Sitting on the bench since October
Replies: 66
Views: 7213

Re: What to do? Sitting on the bench since October

You would've been better off staying in cash.

I went all cash in Jan2018 (after going 100% equities in 2009). Very happy with my timing decisions.
by DanMahowny
Tue Apr 23, 2019 1:19 pm
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 112
Views: 4413

Re: At what age did you buy your first first class airplane ticket?

I'm 52 and would never pay for a first class ticket. It's totally unimportant to me.

And I'm actually wealthy, and could easily afford it (the OP is neither of these things).
by DanMahowny
Sun Apr 21, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: Vacation home experiences?
Replies: 35
Views: 3446

Re: Vacation home experiences?

RadAudit wrote:
Sat Apr 20, 2019 8:43 pm
Rent your fantasies.
Exactly.
by DanMahowny
Sat Apr 20, 2019 4:31 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3741
Views: 1077916

Re: What Book Are You Currently Reading? Part VI

Digital Minimalism