Search found 493 matches

by DanMahowny
Sun Oct 21, 2018 6:36 am
Forum: Personal Consumer Issues
Topic: Headlamp for dog walking
Replies: 17
Views: 887

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: 107
Views: 5485

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: 88
Views: 7830

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: 107
Views: 5485

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: 107
Views: 5485

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: 40
Views: 2354

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: 5018

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: 2830

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: 93
Views: 10007

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: 6838

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: 3345
Views: 1004872

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: 3345
Views: 1004872

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: 1942

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 Finance (Not Investing)
Topic: Talk me out of buying a Tesla Model 3
Replies: 191
Views: 11012

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: 3918

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: 793

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: 3918

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: 1355

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: 4880

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 freefall
Replies: 7401
Views: 1553327

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: 70
Views: 5886

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: 97
Views: 4699

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: 2227

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 Finance (Not Investing)
Topic: Talk me out of buying a Tesla Model 3
Replies: 191
Views: 11012

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: 4247

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: 4247

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: 2366

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: 2366

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: 2637

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: 10643

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: 1933

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.
by DanMahowny
Fri Sep 28, 2018 6:56 am
Forum: Personal Consumer Issues
Topic: Geico umbrella us dropping me. What can I do?
Replies: 37
Views: 5518

Re: Geico umbrella us dropping me. What can I do?

Insurance companies want customers that pay premiums and never file claims. It's common for them to drop you after a claim.

SHouldn't be a big deal. It's just business.

Shop around aggressively. You'll be fine.
by DanMahowny
Fri Sep 28, 2018 6:50 am
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10643

Re: SEC charges Musk with Fraud!!!

I knew Musk would be charged with fraud, and warned readers. People would've been wise to follow my investing advice regarding Tesla. Many more bad days coming for Elon Musk and Tesla shareholders. Did you buy puts? I shorted (heavily) the stock. Already have a large profit (unrealized). I plan to ...
by DanMahowny
Thu Sep 27, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10643

Re: SEC charges Musk with Fraud!!!

I knew Musk would be charged with fraud, and warned readers.

People would've been wise to follow my investing advice regarding Tesla.

Many more bad days coming for Elon Musk and Tesla shareholders.
by DanMahowny
Tue Sep 25, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: DIYers Taking a Toll
Replies: 50
Views: 6518

Re: DIYers Taking a Toll

PFInterest wrote:
Tue Sep 25, 2018 7:19 am
Oak&Elm wrote:
Tue Sep 25, 2018 7:16 am
He warned me that anyone can do well with index investing in a bull market but when/if it changes indexers will get crushed.
seems like your son still has a lot to learn.
No need for me to read any other responses. PFInterest nailed it.
by DanMahowny
Mon Sep 24, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Regrets / Pearls
Replies: 37
Views: 6878

Re: Regrets / Pearls

Fail early and often.
by DanMahowny
Sun Sep 23, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1553327

Re: U.S. stocks in freefall

MotoTrojan wrote:
Tue Sep 18, 2018 2:58 pm
Market drops 35% over the next week, what do you do?
I will waste lots of time reading this thread.
by DanMahowny
Tue Sep 18, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Tesla Refund
Replies: 19
Views: 2410

Re: Tesla Refund

OP- this is a common problem. Spend some time on Tesla forums, twitter and you'll see lots more. It gets far worse.

I hope you get your deposit back before Tesla enters bankruptcy protection.

For the record, I got my deposit back with no problems. Good luck, man.
by DanMahowny
Mon Sep 17, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4835

Re: Dilemma: Add room to current house or buy new house?

Watty wrote:
Mon Sep 17, 2018 10:02 am
Family counseling.

That is not meant to be snarky but if 6000 square feet is not big enough then there is something else going on that should be looked into.
I stopped reading when I arrived at Watty's brilliant post.

Nailed it.
by DanMahowny
Sun Sep 16, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3345
Views: 1004872

Re: What Book Are You Currently Reading? Part VI

You can find lists of the rules online and the actual rules are fine enough. They are right along the lines of what your mother or an aunt might tell you. But I found the text "explaining" the rules to be tedious and pedantic and sometimes ridiculous. This included claims that "order" is male and "...
by DanMahowny
Thu Sep 13, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: Pet insurance
Replies: 31
Views: 2800

Re: Pet insurance

I'll never buy pet insurance. But I do pay high acquisition costs for my dogs. Currently own two German Shepherds @ $6k and $7k each, plus transportation costs. Also spend a lot on food- raw meat.

Vet bills are nil. These dogs are near bulletproof.
by DanMahowny
Sun Sep 09, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6831

Re: I think my father has a gambling problem

Doom&Gloom wrote:
Sun Sep 09, 2018 3:05 pm
Son???

If I ever see you contributing to Eliot Jacobson's bottom line your inheritance is in real jeopardy! Nothing wrong with getting that book from the library though. Now get back to your schoolwork!
Funny stuff man.

I know Jacobson. And he hates me more than I hate him.
by DanMahowny
Sun Sep 09, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6831

Re: I think my father has a gambling problem

Agree. Poker is the last game I would recommend.
by DanMahowny
Sun Sep 09, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6831

Re: I think my father has a gambling problem

If he's mentally sharp, he should learn how to WIN. It's not that hard to have an edge over casinos. You need some specialized knowledge and lots of discipline. Start here: https://www.amazon.com/Advanced-Advantage-Play-Safeguarding-Promotions/dp/1883423392/ref=sr_1_1?ie=UTF8&qid=1536520006&sr=8-1&k...
by DanMahowny
Sun Sep 09, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9885

Re: What will you do when you find you have more money than expected?

interesting thread. We're in this spot right now.

Leaning toward buying some land, and building a house. But not sure.

Don't have much interest leaving money to kids or charity. If we don't increase spending, we'll probably dump money into lifetime annuity instead of give it away.
by DanMahowny
Sat Sep 08, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Go to Istanbul next week. Any suggestions
Replies: 50
Views: 3845

Re: Go to Istanbul next week. Any suggestions

Are you going there voluntarily?

If yes, can you be persuaded to not go?
by DanMahowny
Thu Sep 06, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4908

Re: To Be or Not to Be...Married

People that ask strangers on the internet if they should get married or not probably don't have a very high success rate in marriage.
by DanMahowny
Wed Sep 05, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Selling a car to CarMax
Replies: 74
Views: 5975

Re: Selling a car to CarMax

"No haggling" simply means the consumer is getting the shaft.