Search found 63 matches

by mountain-lion
Sat Jul 13, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating on an RV
Replies: 37
Views: 2003

Re: Negotiating on an RV

If you spent $200 night on a hotel room in the same areas you would take an RV you could have 500 nights of hotels before you hit $100,000. For $200 you could get the best hotel rooms. Most likely free breakfast also. No RV equals no gas costs, parking problems, dump your toilet, upkeep, maintainen...
by mountain-lion
Sat Jul 13, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 26952

Re: Americans believe they need $1.7 million, on average, to retire

If you have a solid Plan B (and maybe C and D) then $2 million for early retirement with a 3% initial yearly withdrawal sounds like a good plan A to me. The Orman quote is really about risk, and risk tolerance. $2 million isn't that much if you have a low risk tolerance for the dangers she lists in...
by mountain-lion
Fri Jul 12, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a vehicle
Replies: 86
Views: 9767

Re: Paying cash for a vehicle

The thing that really gets me is that even here of all places you will find the argument to leverage your car note. To buy more stocks. Instead of just buying a cheaper car. Incredible. It's almost like people have different risk-tolerances, preferences in their consumption habits around cars, and ...
by mountain-lion
Sun Jun 30, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 5705

Re: Lease vs Buying a Car

You can have them fixed independently before turn in, and it is very much in a dealer's interest for you to be happy with them at the very moment you are trying to close a deal on the replacement. If you own it you can decide to fix a dent or scratch or not. If you lease you most likely will pay vi...
by mountain-lion
Fri Jun 28, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 5705

Re: Lease vs Buying a Car

Yes that can happen, but you don't have to accept the deal. re charge for scratches and dents - yes but you may have to pay an inflated price - do you have any bargaining power -- except if you buy another vehicle?? I have had repair estimates on dents and they vary widely. Don't think the dealer h...
by mountain-lion
Fri Jun 28, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 5705

Re: Lease vs Buying a Car

These are all reasonable questions, but none of them are too difficult to answer with a little research. I have either answered the questions below or explained how to arrive at one. 1. How much is a reasonable down payment? $3250? $2735? How much wiggle room is there? None. Ever. The dealer wants y...
by mountain-lion
Tue Jun 25, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 5705

Re: Lease vs Buying a Car

Average lease backs out the interest rate to somewhere between 12-15%. This is patently false. A 12% interest rate would be a money factor of 0.005. A quick scan on leasehackr.com shows dozens of dealer opening lease offers that are about half that, from luxury cars to econoboxes across many brands...
by mountain-lion
Tue Jun 04, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 272
Views: 25714

Re: Can I afford this 2.3 million dollar home?

Just realize you are not the first person on this forum talking about buying or building an expensive house in a MCOL area. Many of us who have been around and experienced life have seen what you are about to do before. And although you don’t see it now, 10-15 years from now you will reflect on wha...
by mountain-lion
Tue Jun 04, 2019 10:17 am
Forum: Personal Consumer Issues
Topic: Thinking of leasing bmw 3 series
Replies: 56
Views: 4324

Re: Thinking of leasing bmw 3 series

Luckywon wrote:
Sat Jun 01, 2019 5:03 pm
What happens to your security deposits if the car is totaled? Are they returned? Maybe it depends on the specifics of the lease?
If you have properly insured the car, you get them back. Make sure you have GAP (usually required by the lease).
by mountain-lion
Tue May 14, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 6419

Re: Buying a "new" car - Advice pls

You should never let the ratio go below 1:100.... How did you arrive at this number? From a purely financial standpoint, minimizing ones automobile expenses is a wise thing to do. But there must be a better basis for advising others to follow such a hard and fast rule than one's own personal financ...
by mountain-lion
Mon Dec 10, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Certified Used BMW, Audi or Mercedes
Replies: 101
Views: 11740

Re: Certified Used BMW, Audi or Mercedes

The initial quality ratings don't measure reliability as we are discussing it here. You need to look at the long term reliability ratings. Correct, the two measures are different, but the two measures are reasonably well correlated. Not perfectly, mind you, but certainly a reasonable datapoint. If ...
by mountain-lion
Tue Sep 18, 2018 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 8078

Re: Leasing Cars in Retirement

HEDGEFUNDIE wrote:
Tue Sep 18, 2018 7:40 pm
Why would a lender approve a loan for an unemployed retiree?
Because said retiree has non-wage income, such as from 401k's, IRA's, social security, and rental properties.
by mountain-lion
Wed Sep 12, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16917

Re: iPhone XS Max

I guess some people always need the newest model, maybe it makes them feel important or superior to those who choose not to waste their money. I'm sure some people buy the latest and greatest to feel important or superior, but that is far from the most common reason. The camera really is better. Th...
by mountain-lion
Mon Sep 10, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10676

Re: Anyone else not save for cars?

The last time I bought one (~ 6 years ago), I actually just wrote a regular personal check for 31K at their desk. I noticed they just took it and eventually handed me the keys. I eventually was tempted to ask, "Aren't you going to call the bank and make sure it's good?". The salesman just said he k...
by mountain-lion
Wed Aug 29, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 22774

Re: Decent compensation to move to Bay Area CA?

All the SV workers I know: - Work a hard day, age very quickly (grey by age 40) - Weekends/evenings are expected - Must answer emails/texts/calls promptly They are OWNED by the company. Paid well though :| I've worked at half-a-dozen companies in the Bay Area over the past twenty years, and some ha...
by mountain-lion
Mon Aug 13, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 8291

Re: Marriage [How should finances be handled?]

Two financial things that have helped my marriage: 1. Each of you has at least some of your own money, to do whatever you like with, no questions asked. How much depends on your situation, but if I want to light my money on fire, I can light it on fire and my spouse isn't allowed to complain. If I w...
by mountain-lion
Mon Jul 30, 2018 2:35 pm
Forum: Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 135
Views: 19687

Re: Net worth of $3.7M at age 47 - can we retire?

Don't forget to factor in the cost of health insurance for a family of four. Staying employed likely makes it comparatively cheap compared to buying independently.

With a net worth and income like that, you could probably take a different, lower stress job and still be ok.
by mountain-lion
Mon Jul 30, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 6266

Re: ACT test - got 34, try for 36?

One thing I haven't seen here is the opportunity cost of taking the test again. Retaking the test is time spent on a pretty high score that isn't taken doing something else. The goal is to get into your top-choice college, not to have high test scores in and of itself. There are many aspects to gett...
by mountain-lion
Fri Jul 27, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 3994

Re: Decision for Stay at Home Wife?

For the majority of the time of the history of not only this country, we saw a benefit in having kids raised by parents. And guess what? It worked pretty well. Kids know when a parent chooses them versus work. Try and convince them otherwise and see how that works. -TheDDC This is a fairly narrow a...
by mountain-lion
Fri Jul 27, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 3994

Re: Decision for Stay at Home Wife?

Financially, there are really two issues here, and you--as well as most couples--only look at one of them. (Not that the analysis below is purely financial, you have to decide if the non-financial benefits and costs are worth it.) The $600/month more-or-less a cash-flow analysis. "This is how my mon...
by mountain-lion
Wed Jul 18, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 18297

Re: Salary vs. Lifestyle

This is definitely a balancing act and I think both choices have the potential to be good decisions--it's no lose, in some ways. One other point: You shouldn't just think about this job opportunity, but the next job opportunity as well. If you don't take this job, then the next opportunity is likely...
by mountain-lion
Wed Jul 11, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Compensation
Replies: 21
Views: 3931

Re: Compensation

The reality is that if you have been with your employer for quite some time, there is a chance you are not fairly compensated and could be worth more on the open market. The biggest jump in salaries typically come from changing companies, though not always true. Agreed. In the technology industry w...
by mountain-lion
Fri Jul 06, 2018 3:58 pm
Forum: Personal Investments
Topic: Left company, exercise vested options or not?
Replies: 11
Views: 847

Re: Left company, exercise vested options or not?

I had a similar situation a few years ago: leaving the company and had to decide what to do. I think it comes down to what $1,300 is worth to you, which is to say, what is the opportunity cost? If that much isn't too far out into "luxury good" territory--which is to say, if you could lose it without...
by mountain-lion
Fri Jun 29, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp good idea?
Replies: 25
Views: 2968

Re: Deferred Comp good idea?

Your comparison of it being okay to be a component of a diversified portfolio is exactly what I am saying too. The rue of thumb is no more than 2% in a single company. If you are worth a million $, then it is $20K. For an "investment" that is not exactly liquid, and with marginal upside, the number...
by mountain-lion
Fri Jun 29, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp good idea?
Replies: 25
Views: 2968

Re: Deferred Comp good idea?

They don't have to naturally go bankrupt. It could be some creative paper bankruptcy through shenanigans such as leveraged buy out etc. So don't be so sure. If your assessment of "close to 0 chance of bankruptcy" was correct, the company would be able to borrow at T-bill rates. Unfortunately, they ...
by mountain-lion
Fri Jun 29, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp good idea?
Replies: 25
Views: 2968

Re: Deferred Comp good idea?

Also, if you pm me, I can point you to more internal resources.
by mountain-lion
Fri Jun 29, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp good idea?
Replies: 25
Views: 2968

Re: Deferred Comp good idea?

I believe I recognize the plan and the company. The internal financial-planning group has many analyses from bogleheadish people. None of them are company reps. Just search for "deferred comp". There is much internal information produced by very careful and thoughtful people who look at it from a pe...
by mountain-lion
Thu Jun 28, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing a vehicle
Replies: 25
Views: 5095

Re: Leasing a vehicle

Does anyone know what happens to MSD's made if the car is totaled or stolen? I wanted to bump this question to see if anyone has experience with this. Is there a situation when MSDs are bad, other than getting a low interest rate, or a company on sticky ground? When a car is lost or totaled, you ar...
by mountain-lion
Thu Jun 21, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 250
Views: 34950

Re: Why pay cash for a car?

inevitably the choice of car is not the pure optimal choice. Only if by "pure optimal" one means "purely optimal considering only financial issues, and nothing but financial issues". A new car is almost surely discretionary spending, and so part of that discretion is evaluating the marginal benefit...
by mountain-lion
Wed Jun 20, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 250
Views: 34950

Re: Why pay cash for a car?

To me it screams penny wise, dollar foolish. Throwing $20k, $30, $40k, etc. into a 2% account while getting 0% loan discounts the fact that you likely could have bought a cheaper car with similar options + utility. You’re simply mitigating the damage of an already suboptimal decision. I try to get ...
by mountain-lion
Wed Jun 20, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 6175

Re: How much car to buy reasonably?

md&pharmacist wrote:
Wed Jun 20, 2018 5:30 pm
Why not a supercar (as long as it's not your daily driver)?
The first sentence in his messages was literally "I am looking to buy a daily car for commute and fun".
by mountain-lion
Wed Jun 20, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 15309

Re: Oh my! Cardone says we need $10m net worth

By definition (not my opinion), the dead center 50th %ile "average" household is struggling. "Where angels fear to tread" and all that, but the rhetorician in me can't let this statement slide. This is an incorrect use of "by definition". It may indeed be true that the "average household is struggl...
by mountain-lion
Wed Jun 20, 2018 11:02 am
Forum: Personal Consumer Issues
Topic: Cataract surgery - one or two?
Replies: 31
Views: 1503

Re: Cataract surgery - one or two?

I haven't had cataract surgery, but I have had stapes mobilization (which is an ear surgery) on both ears. The doctors recommend doing one ear at a time there as well, and here is their reasoning, which I totally agreed with, and would do it this way again. Although stapes mobililaztion is a common ...
by mountain-lion
Mon Jun 18, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 6175

Re: How much car to buy reasonably?

The answer for questions like this is always, "It depends." It mostly depends on your other financial goals. If you spend $1 here, you can't spend it there. It would be perfectly reasonable for you to spend anywhere from $20,000 to $80,000 on a car. Perhaps more, perhaps less. Only you can determine...
by mountain-lion
Fri Jun 15, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 15309

Re: Oh my! Cardone says we need $10m net worth

That analysis is a couple of tacos short of a combination plate. "And all this assumes no inflation or critical life events:" It also assumes no investment returns of any kind, in any way, whatsoever. No government bonds. No TIPs. No nothing--not even social security. Much less a reasonably diversif...
by mountain-lion
Fri Jun 15, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?
Replies: 26
Views: 4315

Re: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?

From yesterday's San Jose Mercury News:

Nation’s top three most expensive places for renters: all in Bay Area

https://www.mercurynews.com/2018/06/14/ ... -bay-area/
by mountain-lion
Fri Jun 15, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?
Replies: 26
Views: 4315

Re: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?

The areas that I posted though are in some of the wealthiest parts of the SF Bay Area with some of the best school districts in the nation (Fremont, Cupertino, San Francisco, Sunnyvale). Around the bay area, of those school districts, only Cupertino and maybe Fremont is really considered at the top...
by mountain-lion
Wed Jun 13, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 3031

Re: Car Lease for parents

Ugly: lease car Bad: buy a new car Good: buy 2-3 yr old used/CPO car Over the long term, leasing is almost always more expensive than buying. But it isn't always ugly--and the special circumstances in this case make leasing more attractive than many other situations. This situation is a short-term ...
by mountain-lion
Wed Jun 13, 2018 10:25 am
Forum: Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 74
Views: 9445

Re: Taking $1M+ Long Term Capital Gains

Something that may or may not matter to you, depending on where you live: California has a surcharge tax of 1% on income (including capital gains) over $1M. Not that this should be the governing factor, necessarily, but if you live in California, selling off in two year-straddling tranches may make ...
by mountain-lion
Tue Jun 12, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 3031

Re: Car Lease for parents

If they had a refrigerator that went out would you have them rent one since their days on earth are numbered? Buy one that is in their budget and get one with all the driver assist options. Refrigerators don't need regular maintenance the way cars do. Further, in the late state of these folks' live...
by mountain-lion
Mon Jun 11, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 3031

Re: Car Lease for parents

I think the "never lease a car" people may be working on a somewhat outdated notion. It has worked out great for our situation. I'm guessing that they are coming from a "Cut automotive spending at all costs" world. Which is useful if you are in financial straights, or don't have a good situation wi...
by mountain-lion
Mon Jun 11, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 3031

Re: Car Lease for parents

Never lease a car! Ever. Car leases are bad regardless of age. If one has met one's more long-term financial goals, and yet still has both the income and desire to always drive a new car, then a lease is a perfectly reasonable way of doing that. Yes, it is absolutely more expensive than driving a c...
by mountain-lion
Fri May 25, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 3961

Re: Folks, I'm calling the Tops for Bay area RE market

At some point, someone will be right about the top of the market, just like some fund managers beat the S&P 500 some years.

The trick is to figure out who.

You may very well be right. But, I think in this market as well as the stock market, "Stay the course" is better than market timing.
by mountain-lion
Thu May 10, 2018 12:27 pm
Forum: Personal Investments
Topic: CA homes vs stock market
Replies: 8
Views: 969

Re: CA homes vs stock market

Even in the California Bay Area, housing market performance is very location specific. Overall, the San Francisco market housing market has had annualized returns of about 5.6% over the past thirty years (calculated via Case Shiller). Over the same time period (excluding cost), the S&P 500 would hav...
by mountain-lion
Wed May 09, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Buying new car or buying used car
Replies: 91
Views: 7296

Re: Buying new car or buying used car

Sorry, if it was me buying a $50K car used, this means I have the $ to splurge. If I've set the splurge budget at $50k, then I want to get the best car I can for $50k, not splurge $65k. I presumably set that budget for a reason. Just like when you say: "The reality is I won't be happy if I have to ...
by mountain-lion
Wed May 09, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buying new car or buying used car
Replies: 91
Views: 7296

Re: Buying new car or buying used car

If one spends $50K to buy a car, then $15K shouldn't matter much to those buyers, IMO. For myself, $20K is about the range I would pay for a new car. I don't see how that makes sense. $15K is about 30% of $50K--that is a very significant difference in percentage terms. Put another way, 30% of $20K ...
by mountain-lion
Tue May 08, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: How much car to buy on $250K income, $200K NW, newborn on the way
Replies: 78
Views: 7663

Re: How much car to buy on $250K income, $200K NW, newborn on the way

10 years from now, you won't look back say "Wow, I wish I spent more on cars and saved less when I was XX age". Hard to know that. Lot's of people wish they had spent money and lived a little bit while they were footloose and fancy free. Having kids totally changes the cost of doing somewhat less r...
by mountain-lion
Tue May 08, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: New car for my wife
Replies: 25
Views: 3415

Re: New car for my wife

Agreed with the other posters that 125,000 is not that many miles, and that the car still has quite a bit of value. Thirty years ago, the conventional wisdom was that a car at 100k miles was either at the end of its life, or near the end (there were exceptions, but pick a random car, and that is wha...
by mountain-lion
Mon May 07, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: When to buy new underwear?
Replies: 86
Views: 7559

Re: When to buy new underwear?

I'm surprised that no one here has mentioned the "Men's Underwear Index". The answer for when many men to buy underwhear is, "When they are feeling confident in the economy." This has led to what is called the "Men's Underwear Index" which certain people believe can be used to predict the bottom of ...
by mountain-lion
Sun May 06, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 117
Views: 18958

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

It makes sense to me that a lot of Bogleheads value reliability in their vehicles. Average-Joe: I'm going to choose 5 stocks that are cool like Uncle-John. He seemed to do pretty well at it. Boglehead: I'm not going to try to beat the odds - I know that stock-picking can be a fools errand and stati...