Search found 269 matches

by DanMahowny
Wed May 23, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 47
Views: 1951

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: 3027
Views: 932742

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: 975
Views: 75033

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: 975
Views: 75033

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: 85
Views: 11862

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: 5117

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: 5117

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: 5117

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: 951

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: 1679

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: 4312

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: 7565

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: 2233

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: 6550
Views: 1405406

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: 6550
Views: 1405406

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: 5999

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: 6550
Views: 1405406

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: 5155

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: 6550
Views: 1405406

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: 6550
Views: 1405406

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: 1021

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: 1998

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: 1093

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: 1998

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: 4330

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: 1705

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: 1705

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: 975
Views: 75033

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: 2036

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.
by DanMahowny
Sat May 05, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 175
Views: 16046

Re: most compelling TV character ever

Lt Columbo
by DanMahowny
Fri May 04, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 975
Views: 75033

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

neilpilot wrote:
Fri May 04, 2018 9:07 am
Followup to above post.....for those that have reported up to a 1 month wait in receiving their $1k refund, Tesla deposited the refund into my checking account less than 24 hours after requested.
This was my experience as well. I was impressed how quickly Tesla refunded my deposit.
by DanMahowny
Thu May 03, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 110
Views: 7859

Re: Bucket List Adventures/Activities

I completed my bucket list last year at age 50.

Now I just keep a list of people that I want to see die before me.
by DanMahowny
Thu May 03, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 55
Views: 6455

Re: Starting to smell like buying season?

I'm waiting for a 40% drop. It's coming.
by DanMahowny
Thu May 03, 2018 2:37 pm
Forum: Personal Consumer Issues
Topic: Do you use computer glasses?
Replies: 16
Views: 1326

Re: Do you use computer glasses?

Hope this helps: Six months ago I used readers that were +2.25. Computer glasses were +1.50 Now I use +0.75 for reading, or nothing at all. I started using an an app called GlassesOff. Three months later my near vision improved substantially. I trained EVERY DAY for 90 days. It's my understanding th...
by DanMahowny
Thu May 03, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Budget for kid's sport?
Replies: 49
Views: 2251

Re: Budget for kid's sport?

When I was a kid, we just threw rocks at each other.

It was free, but explains why I turned out this way.
by DanMahowny
Thu May 03, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 975
Views: 75033

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

Musk needs to be fired if Telsa is going to survive. He is a child.

I don't think they will survive, and shorting the stock is a wise move.

Things will be bad for owners of Tesla cars after the company folds.
by DanMahowny
Tue May 01, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Value tilted S&P 500 fund for dividend?
Replies: 45
Views: 2127

Re: Value tilted S&P 500 fund for dividend?

LCV = League of Conservation Voters?

at least that's what google says . . .
by DanMahowny
Tue May 01, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?
Replies: 187
Views: 8620

Re: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?

I took a few cross country trips at that age. All I was concerned about was having a cooler full of beer on ice.

No need to overthink this.
by DanMahowny
Tue Apr 24, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 975
Views: 75033

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

There were probably a lot of people seduced by the combination of "Tesla, free supercharging, fast, 200+ miles, autopilot, panoramic glass roof, etc for $27.5k after tax credit." That vehicle will never exist, at least not in the Model 3 form. This is why I cancelled my reservation. Musk promised s...
by DanMahowny
Tue Apr 24, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 2960

Re: Fun Money

100% indexing is a real snooze for me. Gambling is perceived very differently. To me, everyone dollar cost averaging at this time into DOW 26,000, 24,000 (mature bull run) is gambling in a lofty market. I will be picking up those shares from the retiring dollar cost averager's at DOW 12,000, NASDAQ...
by DanMahowny
Sat Apr 21, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 16732

Re: Can I retire at age 40?

I retired at 42. "Sit at home" does not describe my lifestyle at all. Out of curiosity, do you have children? I've noticed a lot (most?) of the very early retirees have children that largely occupy their time. Other than extensive travel, I'm wondering what childfree retirees do. My "kids" are 18 a...
by DanMahowny
Fri Apr 20, 2018 6:05 am
Forum: Investing - Help with Personal Investments
Topic: Financial planners [looking for one]
Replies: 30
Views: 2368

Re: Financial planners [looking for one]

munemaker wrote:
Thu Apr 19, 2018 5:33 pm
If you are looking for a financial planner, look in the mirror.
Exactly. Learn to do it yourself. It's not that hard.

Read. Think.

Avoid financial planners, investment advisors, etc.
by DanMahowny
Thu Apr 19, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 16732

Re: Can I retire at age 40?

I retired at 42. "Sit at home" does not describe my lifestyle at all.
by DanMahowny
Wed Apr 18, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Divesting gun stocks
Replies: 11
Views: 1104

Re: Divesting gun stocks

I invest to make money. That's all.
by DanMahowny
Wed Apr 18, 2018 6:13 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 975
Views: 75033

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

I saw a Model 3 in the parking lot at the golf course this afternoon.

Looked great. A bit bigger than I thought it would be. I was impressed.