Search found 295 matches

by DanMahowny
Thu Jun 21, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: 3 nights in Vegas
Replies: 23
Views: 1009

Re: 3 nights in Vegas

I would not rent a car. Cops are EVERYWHERE.

By the time I see one, I barely have enough time to slow down, buckle my seat belt, toss my beer out the window, hide my drugs.
by DanMahowny
Thu Jun 21, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: What will (or would) you tip when wages go up?
Replies: 44
Views: 2308

Re: What will (or would) you tip when wages go up?

The REAL minimum wage is always ZERO, because business owners aren't forced to hire anyone.

That said, I always tip min wage workers very well because they work hard at crappy jobs.
by DanMahowny
Wed Jun 20, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1107
Views: 86488

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

DanMahowny and matjen have so much time on their hands to comment on posts that are never an answer to the topic "To take or not to take delivery of Tesla 3" I reserved a Model 3 on April 3, 2016. I cancelled in Feb 2017 after I realized Musk lied and there would never be a realistic opportunity to...
by DanMahowny
Wed Jun 20, 2018 6:29 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1107
Views: 86488

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

I have a simple rule regarding automobile purchases.

1) Never buy a car that was manufactured in a tent.
by DanMahowny
Tue Jun 19, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3064
Views: 945369

Re: What Book Are You Currently Reading? Part VI

Tiger Woods by Jeff Benedict and Armen Keteyian

The book is good. Not much new stuff, but it's enjoyable to experience everything all over again.

And Tiger is a horrible, horrible, horrible person. He is on my list of people that I want to see die before me.
by DanMahowny
Tue Jun 19, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 3999

Re: Shorting Amazon

No way AMZN goes to $0. Sure it's overpriced, but not a good short candidate.

[OT comment removed by moderator prudent]
by DanMahowny
Mon Jun 18, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 153
Views: 7229

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: 1107
Views: 86488

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: 4736

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: 2119

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: 3776

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: 3776

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: 6645

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: 5444

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: 4846

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: 2521

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: 3064
Views: 945369

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: 5029

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: 8175

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: 7175

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: 2510

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: 7175

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: 7175

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: 2599

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: 3064
Views: 945369

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: 1107
Views: 86488

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: 1107
Views: 86488

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: 14107

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: 5414

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: 5414

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: 5414

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: 1004

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: 1823

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: 4844

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: 8150

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: 2347

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: 6639
Views: 1434484

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: 6639
Views: 1434484

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: 6287

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: 6639
Views: 1434484

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: 5377

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: 6639
Views: 1434484

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: 6639
Views: 1434484

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.