Search found 74 matches

by pennylane
Fri Aug 10, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: Buying used car - advice requested
Replies: 36
Views: 2364

Re: Buying used car - advice requested

Get the Prius
by pennylane
Fri Aug 10, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 7683

Re: Should I tell my family/friend that they are making a financial mistake?

From my experience, they don’t really listen. Let them make their own mistakes. I try to not give financial advice anymore or to even talk about money the older i get
by pennylane
Sun Aug 05, 2018 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2448

Re: $100k Liquid, 21, no college education

You don’t need to go to college.
by pennylane
Sun Jul 29, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1278

Re: Investment accounts for teens to control

What sort of "investments" are these teens interested in doing? I wouldn't encourage them to invest at this point if they think that it means stock picking. It's a no-win situation. If they lose their money, they've lost it. If they triple their money it's even worse because they think that they're...
by pennylane
Fri Jul 27, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: The stock that got away
Replies: 40
Views: 2902

Re: The stock that got away

"There is a Taoist story of an old farmer who had worked his crops for many years. One day his horse ran away. Upon hearing the news, his neighbors came to visit. "Such bad luck," they said sympathetically. "May be," the farmer replied. The next morning the horse returned, bringing with it three ot...
by pennylane
Fri Jul 27, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Need more excitement
Replies: 48
Views: 4418

Re: Need more excitement

about 2% of my portfolio for individual stocks
by pennylane
Fri Jul 27, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 10756

Re: Facebook stock in freefall! (20% drop in 1-day)

i picked more up at the 155 level when the scandal came out.. everyone thought i was crazy.. I picked more up yesterday as soon as the market opened. I'm an indexer but I do have some gambling money allocated and its a buy for me.. $250 price target :sharebeer
by pennylane
Thu Jul 26, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Buying a Gold Coin online for future Jewelry
Replies: 25
Views: 1168

Re: Buying a Gold Coin online for future Jewelry

buy industrial gold if melting.. do not buy coins
by pennylane
Wed Jul 25, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Would You Buy This Condo or Continue To Rent ?
Replies: 33
Views: 1807

Re: Would You Buy This Condo or Continue To Rent ?

Very tough to resell a 4th floor no elevator condo. I would pass just purely on that alone. Check if there's plans to put in an elevator.
by pennylane
Wed Jul 25, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2100

Re: How much car can I buy?

pick yourself up a nice low miles 6 year old accord. I'd keep my budget within $14k
by pennylane
Wed Jul 25, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Precious Metals ETF
Replies: 11
Views: 696

Re: Precious Metals ETF

I keep about $1000 in precious metals. Anything more than that is a waste
by pennylane
Mon Jul 23, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3865

Re: Buying home, how to head off a bidding war.

I think 4 hours is unreasonable, if I was a seller I’d probably just ignore that offer. But maybe 24-48 hours is ok. Then you can add instead of an escalation clause “call us.” This happened to us and it worked out well for the party that used that trick. A lot can and will happen in 24-48 hours. T...
by pennylane
Sun Jul 22, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3865

Re: Buying home, how to head off a bidding war.

Make whatever bid you're comfortable with. Submit it with a 4 hour expiration. Make it clear that this will be your only offer and if rejected, you will not submit a higher offer. Have you (or anybody out there) done this, successfully? Although it occurs to me walking away may be considered a succ...
by pennylane
Sat Jul 21, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3865

Re: Buying home, how to head off a bidding war.

Jack FFR1846 wrote:
Sat Jul 21, 2018 5:26 pm
Make whatever bid you're comfortable with. Submit it with a 4 hour expiration. Make it clear that this will be your only offer and if rejected, you will not submit a higher offer.
This.
by pennylane
Sat Jul 21, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17068

Re: Salary vs. Lifestyle

I've made the opposite choice, but only after reaching financial independence. I'm now working 40% less for 40% lower pay than I did as a full-timer. No regrets. :beer -PoF PoF (and anyone else with an opinion) - if you were starting over would you do it the same way with working hard until FI and ...
by pennylane
Sat Jul 21, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17068

Re: Salary vs. Lifestyle

corn18 wrote:
Fri Jul 20, 2018 1:33 pm
I can assure you my much lower paying Navy job I had for 20 years was a LOT more stressful than my current $700k / year job.
What do you do?
by pennylane
Fri Jul 20, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13325

Re: Should I Dump a Pile of Money on Young Son?

Do not do it under any circumstances.
by pennylane
Fri Jul 20, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: FIFO or LIFO?
Replies: 4
Views: 361

Re: FIFO or LIFO?

jhfenton wrote:
Fri Jul 20, 2018 7:07 am
Neither. I only and always use Specific Identification. Any other single method is going to be less than optimal at times.
Makes sense
by pennylane
Fri Jul 20, 2018 6:55 am
Forum: Investing - Help with Personal Investments
Topic: FIFO or LIFO?
Replies: 4
Views: 361

FIFO or LIFO?

Apologies if this has been asked before. I see benefits to both, what method do you use when selling stocks?
by pennylane
Wed Jul 18, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: High Crypto Allocation
Replies: 37
Views: 3074

Re: High Crypto Allocation

I had about 2% of my net worth in crypto and ended up getting lucky and having it go up roughly 600%. I DCA’d out and made out pretty good. I currently have less than .01% of my net worth in crypto and don’t plan on purchasing anymore. If I did, it wouldn’t exceed 2% net worth as it is pure gambling...
by pennylane
Sat Jul 14, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6798

Re: Dave Ramsey made me laugh today

I’m really surprised with the amount of bogleheads that actually take him seriously. This guys a joke guys. The only good advice he gives is live below your means, don’t spend money you don’t got etc etc but to me this is common sense. This is age old wisdom, not something he made up. He’s too pompo...
by pennylane
Thu Jul 12, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Deciding how much to spend on home remodeling
Replies: 22
Views: 1963

Re: Deciding how much to spend on home remodeling

Good rule of thumb; don’t spend more than 10% of the Homes value.
by pennylane
Wed Jul 11, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Update
Replies: 11
Views: 832

Re: Portfolio Update

you don't need 20% down to purchase a home. You can do it with 5% down + closing costs (3-5%). PMI is fairly inexpensive if you have great credit. I'd suggest purchasing a home sooner rather than later as the interest rates are going up.
by pennylane
Mon Jul 09, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5468

Re: Should I take a $60k paycut to work 4days/week

No. Is that even a serious question?
by pennylane
Sun Jul 08, 2018 11:14 pm
Forum: Personal Consumer Issues
Topic: Used Honda - How to confirm it was serviced on time?
Replies: 18
Views: 1256

Re: Used Honda - How to confirm it was serviced on time?

You don’t need to do much to them. It should be fine (I’ve had 2 very high mileage ones. Fantastic cars)
by pennylane
Sat Jul 07, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: point and shoot digital cameras
Replies: 35
Views: 3102

Re: point and shoot digital cameras

Don’t waste your money. Use an iPhone.
by pennylane
Wed Jul 04, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: 1991 Honda Civic, 160k. Is it time for a new car? or newer used car?
Replies: 25
Views: 1556

Re: 1991 Honda Civic, 160k. Is it time for a new car? or newer used car?

No, keep the car. No point to spend the $$ if you don’t have to.
by pennylane
Wed Jul 04, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 47
Views: 4124

Re: Tire experts? Can I trust a patched tire?

Yes.... if it wasn’t a reliable solution, nobody would do it.
by pennylane
Wed Jul 04, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Anxiety Spending Money
Replies: 52
Views: 5398

Re: Anxiety Spending Money

Use the 15k cash towards the debt, pay the rest off over the course of a year
by pennylane
Tue Jul 03, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Rodents ate my car!
Replies: 61
Views: 5632

Re: Rodents ate my car!

Hockey10 wrote:
Tue Jul 03, 2018 12:14 pm
Trade the Toyota in for a Honda
This.
by pennylane
Thu Jun 28, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: Sister-in-Law - trouble adulting - Pay medical bill?
Replies: 41
Views: 3638

Re: Sister-in-Law - trouble adulting - Pay medical bill?

No chance. Cut ties with her immediately.
by pennylane
Tue Jun 26, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 101
Views: 11657

Re: $1 million house--- sanity check

Yea go for it. You can afford it. $1500 a month extra in a home you will live in forever and be comfortable is a small price to pay. You both make more than enough. Just don’t get crazy with increasing other expenses. You’ll have bigger appreciation over 30 years on this home than you will on your e...
by pennylane
Tue Jun 19, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 4539

Re: Shorting Amazon

riverguy wrote:
Tue Jun 19, 2018 5:55 am
Market can stay irrational longer than you can stay solvent especially when you are talking the golden boy of the market. It doesnt matter if you are right it matters when you are right.

Short something that is truly worthless like Tesla.
How do you know tesla is worthless?
by pennylane
Sat Jun 16, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: Thought on replacing roof before sale?
Replies: 35
Views: 2874

Re: Thought on replacing roof before sale?

Housing market has started to slow down in my area and I suspect the rest of the country is the same due to rising interest rates.
by pennylane
Thu Jun 14, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs Buying a Home
Replies: 24
Views: 1771

Re: Renting vs Buying a Home

OP you need to find a small apartment for around 300k or below. If you can’t, don’t buy.
by pennylane
Thu Jun 14, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs Buying a Home
Replies: 24
Views: 1771

Re: Renting vs Buying a Home

Some initial thoughts: A $900K house, with a $100k down payment that destroys your emergency savings would still cost $800K. The google mortgage calculator quotes me a monthly payment of $3783 -- assuming you have sufficient credit to get the 3.92% rate, and didn't need PMI for the loan (doubtful)....
by pennylane
Tue Jun 12, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: A Simple new car lease formula?
Replies: 14
Views: 1551

Re: A Simple new car lease formula?

Yes, you are correct. If you can get a car for 1% of the MSRP, it usually is a steal. Tough to find but they are out there. Everyone in my immediate family usually ends up paying less than 1% of the MSRP when they lease because I was in the business. Wife paying .8% Father .65% Mother .95% Sister 1...
by pennylane
Mon Jun 11, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: A Simple new car lease formula?
Replies: 14
Views: 1551

Re: A Simple new car lease formula?

The best lease deals are probably the vehicles with the highest residual value. I would guess Lexus for this reason. Also, everyone seems to want an SUV nowadays so those tend to have higher residual values. I still think leasing rarely makes sense unless you can write it off. Not necessarily. High...
by pennylane
Mon Jun 11, 2018 10:41 pm
Forum: Personal Consumer Issues
Topic: A Simple new car lease formula?
Replies: 14
Views: 1551

Re: A Simple new car lease formula?

The best lease deals are probably the vehicles with the highest residual value. I would guess Lexus for this reason. Also, everyone seems to want an SUV nowadays so those tend to have higher residual values. I still think leasing rarely makes sense unless you can write it off. Not necessarily. High...
by pennylane
Mon Jun 11, 2018 9:30 pm
Forum: Personal Consumer Issues
Topic: A Simple new car lease formula?
Replies: 14
Views: 1551

Re: A Simple new car lease formula?

Have had a lifetime of buying 2 year-old cars and driving them until theyhe are a clunker and t I just give away to family. That has allowed me to now afford to lease and drive a new car every 2-3 years. without the hassle of selling or trading in where I never have well or get anything near "trade...
by pennylane
Mon Jun 11, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Allowance [Giving allowance to child]
Replies: 28
Views: 2322

Re: Allowance [Giving allowance to child]

Remove the donation requirement, its ridiculous. She should want to donate, not be forced. Allowance should be replaced with a written pay plan for chores around the house. For example: take out garbage: $2.50 put away dishes: $2.00 clean room: $4.00 walk the dog: $1.25 feed dog .50 cents (do not re...
by pennylane
Sun Jun 10, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 24
Views: 2589

Re: Should I buy into this medical practice?

Yes do it. What’s the worse that could happen? You loose your 90k... What’s the best that could happen? You earn 40k a year from that investment for the next 30 years Loose 90k or gain 1Mill+ You seem confident that you’ll make it so go for it. Most people here including myself wouldn’t be able to g...
by pennylane
Sun Jun 10, 2018 9:53 pm
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1713

Re: House sale by owner - Problems & Pitfalls?

Good luck. You’re going to try selling on your own, overprice or maybe get a sale, in the process something will pop up that otherwise a seasoned agent would be able to mediate and calm everyone down and save the deal, your deal is going to blow up Your home will now be a home on the market for som...
by pennylane
Sun Jun 10, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 6416

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

Get rid of the debt, make sure you don’t get anymore debt. 300k in a brokerage account and a fully paid for home and no obligations is much better than $750k in a brokerage that could be worth $500k and with debt obligations still hanging around.

I would work on getting employment IMMEDIATELY.
by pennylane
Sun Jun 10, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1713

Re: House sale by owner - Problems & Pitfalls?

Good luck. You’re going to try selling on your own, overprice or maybe get a sale, in the process something will pop up that otherwise a seasoned agent would be able to mediate and calm everyone down and save the deal, your deal is going to blow up Your home will now be a home on the market for some...
by pennylane
Sat Jun 09, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3225

Re: Porsche Macan

I was a finance manager in a high line store that owns all of the above dealerships. I am very familiar with all of those brands you mention. Audi depending on the model and how new it is you can expect a 0-8% discount on a new car. (If it’s a new model you’re probably at around 0-2%) Subaru 3-8% Po...
by pennylane
Sat Jun 09, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5701

Re: Another home thread: 2mil / 40K in taxes

How do you have a combined income of 800k-1.1mill but only have 2mill saved?

You should not be purchasing a 2Mill home. You can’t afford it, even if you buy it cash.
by pennylane
Sat Jun 02, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 52663

Re: A poll: How much money do you need to retire?

So how do you count the 401k ? Dollar for dollar, not same as your taxable savings. And if you have large unrealized gain in taxable, is that really the same as if you had none ? Kinda hard to meausure a total without considering the tax liabilities or possibly liquidity. If all your NW is tied up ...