Search found 893 matches

by GCD
Wed Jun 19, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

tomtoms wrote:
Wed Jun 19, 2019 8:58 pm
GCD wrote:
Wed Jun 19, 2019 8:35 pm
tomtoms wrote:
Wed Jun 19, 2019 4:43 pm
8%/year for 30 years is not exactly a “fortune” (most people).
This is no longer a rational discussion.
Totally fine if you want to work until you are 65 and retire. I would rather have money and retire early.
Nope. I retired at 51. No real estate involved.
by GCD
Wed Jun 19, 2019 8:44 pm
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 90
Views: 12841

Re: Moving to North Carolina from NYC

Whenever I see a question like this, my first reaction is "please, don't." DW and I are both Southern. We moved to Durham after college, in 1976. We voted with our feet in 2001, moving to Raleigh. We're "at home" in NC culture, and particularly like the culture and attitudes of the "educated South....
by GCD
Wed Jun 19, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

tomtoms wrote:
Wed Jun 19, 2019 4:43 pm
8%/year for 30 years is not exactly a “fortune” (most people).
This is no longer a rational discussion.
by GCD
Wed Jun 19, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

So out of curiosity, I have an acquaintance who buys junk houses, fixes them up enough to qualify for Section 8 housing and then puts Section 8 renters in them. He claims this is a great deal because the government makes sure he gets his money on time and supervises the renters to insure they don't ...
by GCD
Wed Jun 19, 2019 1:34 pm
Forum: Investing - Theory, News & General
Topic: Modified Dutch Auction?
Replies: 8
Views: 641

Re: Modified Dutch Auction?

Actually, I'm always on the lookout for counterpoints to Grandma. A painful lesson may be perfect. Overall dollar loss is limited to an inconsequential amount to me, but enormous to my son. He's still in high school, so he's at the point where a dramatically painful lesson is useful and not too cons...
by GCD
Wed Jun 19, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

Go look at the list of the Top 100 richest people in the world and tell me that "multiple sources of income" was a key ingredient to any of their wealth building: It is not. Every single one of them became wealthy by having a single source of income . Right. One of the things I agree with and have ...
by GCD
Wed Jun 19, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 90
Views: 12841

Re: Moving to North Carolina from NYC

Something I haven't seen mentioned here is weather, as in hurricanes. I suppose every area of the country has a local weather threat. I would just make sure to give flooding an extra consideration. Even if you avoid a flood plain you still are going to have problems during exceptional weather... and...
by GCD
Wed Jun 19, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: Modified Dutch Auction?
Replies: 8
Views: 641

Re: Modified Dutch Auction?

There’s nothing about that company or the industry it’s in that impresses me. But that’s your call. You know why you bought the stock in the first place. Ha! I have no reason to buy individual stock. My son bought it because he plays videogames and followed Grandma's advice to "invest in something ...
by GCD
Wed Jun 19, 2019 9:56 am
Forum: Investing - Theory, News & General
Topic: Modified Dutch Auction?
Replies: 8
Views: 641

Modified Dutch Auction?

Dutch Auction isn't in the BH Wiki, which I suppose should be my first clue. I'm almost embarrassed to ask such a non-BH question here. So Grandma gave the grandkids some money to invest in individual stocks "to learn how the stock market works." My son ended up buying Gamestop and Activision. Recen...
by GCD
Tue Jun 18, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: Turkish Airlines ?
Replies: 31
Views: 1857

Re: Turkish Airlines ?

I flew on Turkish Airlines on official travel for the US govt. They were an approved carrier. Some airlines are not. I don't know if that amounts to gold star vetting, but it's something. I was pretty pleased. They have nicer planes and better on board service than US airlines, IMO.
by GCD
Tue Jun 18, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 36822

Re: For those who earn $500k+ per year. How'd you do that?

his should improve slowly as it is only a matter of time doctors start unionizing as a means to get some power which they now can do as they are mostly emnployed. Interesting to see this employment model pan out going forward. Not sure why the large nurses unions don't start unionizing doctors as w...
by GCD
Mon Jun 17, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

I can see the value of real estate in a portfolio. If I feel I need real estate in my AA I will buy some REITs, not a rental property. Why? As an investor I might decide I need to hold real estate, but as a worker I know nothing about real estate. Same thing if I decide I should get into oil. As an ...
by GCD
Fri Jun 14, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 977
Views: 261524

Re: Share your story of how you got wealthy

Okay, so all that said, I actually buy the concept that marrying the right partner is one of the most important financial decisions a person can make. But maybe you -- or others here -- can given us younger gents the magic formula to find "the right partner." Regarding "younger gents" getting marri...
by GCD
Fri Jun 14, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: Which shaving cream / oil?
Replies: 58
Views: 3480

Re: Which shaving cream / oil?

The BH of shaving: https://www.badgerandblade.com/

They have a wiki. They have a forum. Endless discussion of shaving esoterica for anyone who cares to go down that rabbithole.
by GCD
Thu Jun 13, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best prepaid debit card for a teen
Replies: 23
Views: 1195

Re: Best prepaid debit card for a teen

We just got cards issued in our kids' name under our CC account at AmEx. They are both going to Greece this summer as part of a HS trip. AmEx didn't require SSN or DOB to issue the cards, they get nothing on their credit history, and we were allowed to set the credit limit for the cards. We set it a...
by GCD
Thu Jun 13, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are your NOT buying rental properties?

Trashy tenants: Buy in a good neighborhood. Trashy people can’t afford to live in a good neighborhood. A good property manager should be able to screen them out (credit history, income verification, eviction history). Of course there is no guarantee but there are ways to reduce your risk. Deadbeat ...
by GCD
Thu Jun 13, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 10741

Re: Retired at 35 and have no friends :(

supersecretname wrote:
Thu Jun 13, 2019 9:33 am
miamivice wrote:
Thu Jun 13, 2019 9:22 am
I think this is a troll post.
Just because YOU can't do it, doesn't mean others can't. It's far from unheard of among the MMM crowd.
Yeah, but this is an odd post to open with on BH. Maybe as an opener on MMM...
by GCD
Thu Jun 13, 2019 9:30 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 10741

Re: Retired at 35 and have no friends :(

Through some good fortune, working hard, and following sound financial advise, such as the advise found here with Bogleheads, I was able to retire at the age of 51 . The problem is that I do not have any peers/friends that are in a similar situation. How does a retired person in their early 50's fi...
by GCD
Mon Jun 10, 2019 8:16 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 17516

Re: Are You Dumping Netflix?

Amazon being willing to sell you more products isn't the same as Amazon having more content. If you end up paying 3x the cost of Netflix to Amazon, then I would expect their content offering to get larger. It's interesting that the OP mentioned dumping Netflix for the price, but many of us here are...
by GCD
Mon Jun 10, 2019 11:55 am
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 17516

Re: Are You Dumping Netflix?

- Too much original content (Netflix generic stuff) and not enough actual movies - I don't like the trend of Amazon and Netflix "recommending" things for me. It's too invasive, doesn't work well, and seems to be an excuse to de-feature search and filtering capabilities - Too political Good summary ...
by GCD
Mon Jun 03, 2019 4:05 pm
Forum: Personal Consumer Issues
Topic: Reliable Wireless Mouse?
Replies: 31
Views: 1425

Re: Reliable Wireless Mouse?

I had a previous Logitech that lasted 3 years (which I suppose is "good"?), but Amazon reviews seem to indicate that their quality has declined and customer service is completely unresponsive. Sorry to hear about Logitech. I bought a Logitech M510 wireless mouse circa 2012 and it is still going str...
by GCD
Sun Jun 02, 2019 5:37 pm
Forum: Personal Consumer Issues
Topic: "Fishing" Shirt Recommendations
Replies: 18
Views: 1406

Re: "Fishing" Shirt Recommendations

But I have to ask a general question... What is up with this SPF protection rating? I have never ever in my entire life been sunburned through clothing. And I am a fair skinned guy of Nordic descent. Isn't any piece of clothing about SPF 10,000? It is hardly unbiased, but a website specializing in ...
by GCD
Sun Jun 02, 2019 5:02 pm
Forum: Personal Consumer Issues
Topic: "Fishing" Shirt Recommendations
Replies: 18
Views: 1406

Re: "Fishing" Shirt Recommendations

I've got a couple of these and like them: https://www.amazon.com/dp/B01GSBDV2I/ref=twister_B07P5W55MT But I have to ask a general question... What is up with this SPF protection rating? I have never ever in my entire life been sunburned through clothing. And I am a fair skinned guy of Nordic descent...
by GCD
Sun Jun 02, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14598

Re: Can we afford to pay for our kid's college (at all)?

While the OP may deserve a bit of chastising, those opining on the maturity of his kid and his readiness for college are out of line, IMO. None of you have a clue what really drives his kid or where he is at in his emotional development. I had a 1.7 GPA in HS. I farted around in college a bit and on...
by GCD
Sat Jun 01, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14895

Re: Fun paid jobs after FIRE

Local school district pays $135 per day, and are always looking for more substitute teachers. They'll be looking a long time if they're paying only $135 per day. I suspect little to no benefits, either. You can make more than that in a fast food restaurant, with no college degree, in many cities . ...
by GCD
Sat Jun 01, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14598

Re: Can we afford to pay for our kid's college (at all)?

Without specifics on exactly what towns we are talking about and taking traffic patterns into account, it's hard to say what is reasonable. I just saw an ad in our local free newspaper for laborers at a local landscaping company at $15 per hour (Northern Virginia DC suburbs). No experience, must hav...
by GCD
Sat Jun 01, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Resources for Federal Employees
Replies: 16
Views: 1121

Re: Resources for Federal Employees

I think this often creates a void where people simply don't plan or understand their options until too late - often when an agency provides "retirement training", which many take in their last 5 years of working. Amongst many careers, a Federal position is one that should result in a comfortable re...
by GCD
Sat Jun 01, 2019 3:50 am
Forum: Personal Consumer Issues
Topic: inexpensive outdoor security camera
Replies: 19
Views: 1959

Re: inexpensive outdoor security camera

Don't laugh, it's really not for intruders but to monitor my blueberry shrubs and vegetable garden when I am on vacation. A trail cam may work. They make wireless ones you can monitor remotely, but they are more expensive than you want. Like in the $300 range. You can get them at Cabelas/Bass Pro S...
by GCD
Fri May 31, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 36822

Re: For those who earn $500k+ per year. How'd you do that?

How exactly does one work a 100 hr week on a regular basis?.. How much time per day is the commute, getting ready for work, eating, going to bathroom per day? No kids/time with kids? Take a dog for a walk? Any exercise time? Edit: forgot sleeping... This may be considered a financial success, but i...
by GCD
Fri May 31, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: 4 Day plan to LA..Suggestions
Replies: 22
Views: 1057

Re: 4 Day plan to LA..Suggestions

It's been 19 years since I lived in LA. I'm sure things, and traffic patterns, have changed a bit. However, unless the Santa Monica Pier got a major upgrade let me be like the 4th or 5th person to urge you to skip it and do something else. It's really only something to do if you've been in LA for a ...
by GCD
Fri May 31, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 36822

Re: For those who earn $500k+ per year. How'd you do that?

In the case of my spouse, a LOT of advancement can be traced back to our willingness to relocate to where the company needed us. Not that it comes with a $500K job, but the advancement angle is similar in the federal government. The joke at my old agency was that the only requirement to promote was...
by GCD
Fri May 31, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 36822

Re: For those who earn $500k+ per year. How'd you do that?

corn18 wrote:
Fri May 31, 2019 3:23 pm
Some call that luck. I call it the intersection of opportunity and preparation.
I agree completely. I had a monologue with my teen-age son about this issue using these very words a few days ago.
by GCD
Fri May 31, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 36822

Re: For those who earn $500k+ per year. How'd you do that?

I myself never broke $500K, nor did I do it jointly with my wife. However, I have 2 friends who made over $1M as attorneys. Interestingly, neither went to a top law school. One went to Loyola (Chicago) and the other went to Hofstra. I see a lot of talk about top 14 law schools which I never really u...
by GCD
Fri May 31, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21521

Re: Can I afford this 2.3 million dollar home?

It will be average to below average in price and size for the neighborhood. Well, as far as I'm concerned, go ahead and buy it. The main problem will be offloading it if you ever desire to move during a housing crash . As long as you don't want to move or don't want to move at the bottom of a housi...
by GCD
Thu May 30, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14455

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

I am quite surprised at some of the responses giving advice on how the OP could convince his family to do certain things or structure the assets. I try to take OPs, in general, at face value. It does not seem implausible that the parents are unsophisticated with regard to equities. Taken at face va...
by GCD
Thu May 30, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14455

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

About half way through one of my women said: "this is a waste of time, we don't believe in stocks, we've never made money with stocks, yada yada" and she dismissed me with a wave of the hand and left. So I never even finished. But, since I had made an impression, months later the same woman said: "...
by GCD
Thu May 30, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14895

Re: Fun paid jobs after FIRE

It's not complicated at all. If you do paid work, you're not retired. If that paid work is for someone else, you're employed, and if it's just for you, you're self employed. If you only work part time, then you do part time work. If you don't work at all, but your spouse works for money, you're a "...
by GCD
Thu May 30, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14455

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

Managing multi-generational wealth has been on my radar for a bit. I am lucky because my wife is my full partner in this and agrees with the concept. To this end, Family Wealth , by James Hughes has been useful. He acknowledges that the small, easy part of multi-generational wealth is the math and t...
by GCD
Thu May 30, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21521

Re: Can I afford this 2.3 million dollar home?

Interested in buying a dream home in ideal location next year for 2.3 million. Would plan on staying for a long time, possibly forever. Price is a bit shocking, but after months of scanning the market, it seems to be the best option for our taste. I don't think I saw it mentioned, but you need to b...
by GCD
Thu May 30, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14895

Re: Fun paid jobs after FIRE

If I go back to work as an adjunct professor I will barely make minimum wage once all the prep work, grading and admin stuff is accounted for. I would be doing it because I like teaching, not for the money. My wife and I save money each month because we LBYM on our pensions alone. I refuse to accept...
by GCD
Wed May 29, 2019 4:42 pm
Forum: Investing - Theory, News & General
Topic: Avoiding the echo chamber?
Replies: 22
Views: 2396

Re: Avoiding the echo chamber?

So far, everything I've read from the above sources has all pointed to the same lessons and principles; keep costs low, diversify through buying the market, dollar cost averaging, no active manager consistently beats the market, spend time in the market and avoid timing the market, etc. It all make...
by GCD
Wed May 29, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14598

Re: Can we afford to pay for our kid's college (at all)?

OP indicated closest community college is an hour away, I agree that is impractical. Why? I often had a commute to work in excess of an hour one way. That leaves the kid plenty of time for studying and sleeping, even a job. Plus, as a student with no family obligations (picking up kids from school,...
by GCD
Wed May 29, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14598

Re: Can we afford to pay for our kid's college (at all)?

Your personal financial situation + Freshman year requires student to live in dorm in our state. Is one of the "cheaper" state colleges in our state. He is dead set on going here and I do not want to discourage him. He is a GT student that got horrible grades in HS and blew any chance of merit base...
by GCD
Wed May 29, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14895

Re: Fun paid jobs after FIRE

What kind of fun (paid) job do you have after FIRE? I think the characteristics I would like are: 1. Minimal/Flexible hours. 2. Local/no freeway 3. Perhaps transient. Can leave for months if needed. 4. People oriented 5. Ideally not in front of a computer ( done that already ;) 6. Work or product I...
by GCD
Wed May 29, 2019 9:47 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 131
Views: 11053

Re: Paying Kids For Good Grades -- do you do it?

I had undiagnosed ADHD in HS 35 years ago. My parents offered to pay me for good grades but it didn't make a bit of difference. I barely graduated with a 1.7 GPA. At one point they offered me $100 (in the early 80's!) if I got just one A. Couldn't do it. Even in gym class. We pay our kids for grades...
by GCD
Wed May 29, 2019 7:21 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 63
Views: 3342

Re: Recycling Different Plastics

I keep things simple. Everything goes in the trash, including the recycle bins. Done. I'm sure your children and grandchildren will approve of this in the coming years. Not. Although perhaps overly sarcastic, Dan is not far off the mark. If you dig into the realities of recycling you will find that...
by GCD
Tue May 28, 2019 12:49 pm
Forum: Investing - Theory, News & General
Topic: 4 Seasons Portfolio
Replies: 40
Views: 4369

Re: 4 Seasons Portfolio

I thought this was going to be about the Frankie Valli investment program.
by GCD
Mon May 27, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE in 6-7 years vs 20+ years
Replies: 44
Views: 4881

Re: FIRE in 6-7 years vs 20+ years

cherijoh wrote:
Mon May 27, 2019 5:45 pm
I think you need to see how you feel in a few months after you have recovered from severe sleep deprivation.
This. I was gonna post more, but just this.
by GCD
Sat May 25, 2019 5:21 pm
Forum: Personal Consumer Issues
Topic: Grad school financing - hard sciences
Replies: 31
Views: 2591

Re: Grad school financing - hard sciences

About 90% of STEM PhDs are "funded" https://www.air.org/sites/default/files/downloads/report/STEM%20Graduate%20Funding%20Brief%20%20Sept%202014.pdf. I know a lot of bio/chem/biochem/biotech PhDs who did not have their PhD fully funded, and some of them are downright brilliant and extremely well kno...