Search found 56 matches

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: 251
Views: 21118

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: 4158

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: 74
Views: 5385

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: 11676

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: 8027

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: 16826

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: 10649

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: 22659

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: 8254

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: 19587

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: 6159

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: 3964

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: 3964

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: 18261

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: 3920

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: 840

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: 2952

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: 2952

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: 2952

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: 2952

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: 5046

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: 34721

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: 34721

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: 6137

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: 15229

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: 1494

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: 6137

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: 15229

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: 4303

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: 4303

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: 3009

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: 9404

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: 3009

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: 3009

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: 3009

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: 3937

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: 961

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: 7075

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: 7075

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: 7557

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: 3354

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: 7445

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: 18086

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...
by mountain-lion
Wed May 02, 2018 7:28 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 117
Views: 18086

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

One other thing that needs to be added here: This is all about statistics and probability, and citing individual examples risks falls prey to all the issues associated with the Availability heuristic. https://en.wikipedia.org/wiki/Availability_heuristic If Jeep A is a total lemon, and Jeep B worked ...
by mountain-lion
Wed May 02, 2018 7:13 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 117
Views: 18086

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

Initial quality stats have almost nothing to do with long term reliability. It is one thing I assemble something properly. It is another for it to stay that way for 15 years/200k miles. As far as I know there are no good stats for cost of repairs in years 7-15 out there. Car reliability is a hobby ...
by mountain-lion
Wed May 02, 2018 2:00 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 117
Views: 18086

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

Across the industry, cars are much more reliable than they were sixteen years ago. By pretty much every measure. If I do my math right, your old jeep was a 2000, and now you are looking at a 2016. Jeep's reliability was below the industry average in 2006, and was also below the industry average in 2...
by mountain-lion
Thu Apr 05, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 12091

Re: How Do You Value Your Home for Net Worth Purposes?

"I will always need a place to live" is a bad reason for ignoring your home's value in your net worth calculation. Consider a situation where you don't own a home, but have $100,000 cash, and compare it to owning a home worth $100,000. Everyone considers held cash as part of net worth. Regardless of...
by mountain-lion
Tue Mar 13, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 147
Views: 18539

Re: New Car: Ever make sense to lease?

Do I understand correctly that if you lease a car, you're responsible for the cost for all the maintenance and repairs and insurance just as if you owned it, plus the lease cost, and at the end of the lease you have zero equity? You are responsible for insurance, maintenance and repairs (except tha...
by mountain-lion
Tue Mar 13, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 147
Views: 18539

Re: New Car: Ever make sense to lease?

It occurs to me that there could be an unfilled niche in the market for people like me. I'd be willing to do a deal where I paid up front (as though I were purchasing the car), but only for the three years. That way I would avoid the charge of renting someone else's capital instead of using my own,...
by mountain-lion
Mon Mar 12, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Should we buy my wife a new car?
Replies: 53
Views: 4381

Re: Should we buy my wife a new car?

As stated up thread, good tires will solve a lot of the traction issues. So I would buy a set of really good all-season tires. On the paint, modern automotive clear coat is super-hard and tough with the under color layers soft and relatively fragile. You won't get your money back, but it will make b...