Search found 213 matches

by pennylane
Wed Jan 16, 2019 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16187

Re: Why are you NOT buying rental properties?

To answer your question, it’s because people are lazy. You can see that from the comments above. You really answered your own question; “if you’re willing to hustle” Most people are not willing to hustle and yes real estate COULD be time consuming if you’re a landlord. Back a few years back when we ...
by pennylane
Thu Jan 10, 2019 10:20 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9620

Re: Did you ever "win" big?

Yes. I gambled and bought a $100 worth of a garbage penny stock that crashed to $8. I decided to not sell it as the fee alone to sell would of been $8... so I left it alone for maybe 6 years or so.. can’t remember but I basically just forgot about it and assumed it was going to $0... I checked rando...
by pennylane
Fri Dec 21, 2018 11:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790431

Re: U.S. stocks in free fall

Human nature never fails to amaze me. When the market is going up, everyone is gung-ho. When it’s going down, everyone is in a panic like the world is ending. Seriously, you all preach “stay the course”? Yet freak out? Who the hell cares... if you’re down big you shouldn’t be in equities. Go buy bon...
by pennylane
Wed Dec 19, 2018 9:52 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

I'll just leave this right here: https://www.marketwatch.com/story/firefighter-battling-tesla-model-s-blaze-were-gonna-be-here-all-night-2018-12-19 Guy gets a flat tire warning, pulls over, gets towed to tire shop, Model S becomes bonfire. Cars catch fire everyday. Why don’t we hear about them? It’...
by pennylane
Wed Dec 19, 2018 9:12 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

Also, guys... I’m now considering purchasing a pre-owned Tesla Model S P85D. I believe that there is more value in that car.
by pennylane
Wed Dec 19, 2018 9:11 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

I'll just leave this right here: https://www.marketwatch.com/story/firefighter-battling-tesla-model-s-blaze-were-gonna-be-here-all-night-2018-12-19 Guy gets a flat tire warning, pulls over, gets towed to tire shop, Model S becomes bonfire. Cars catch fire everyday. Why don’t we hear about them? It’...
by pennylane
Wed Dec 19, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Math: How much would you spend to repair this car?
Replies: 53
Views: 2376

Re: Math: How much would you spend to repair this car?

I would spend about $12 to Uber myself down to the nearest Mazda dealer to get a new car
by pennylane
Wed Dec 19, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Buyer's Remorse on purchasing a Mercedes
Replies: 82
Views: 6821

Re: Buyer's Remorse on purchasing a Mercedes

OP, Sell the car. Be prepared for a lowball offer from Carmax that's borderline insulting. Your best bet is to sell it private party. You'll net thousands more over trading it in. Get it detailed inside and out, drive it to a nice location and take lots of detailed photos. Post ads to Craigslist, A...
by pennylane
Wed Dec 19, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Buyer's Remorse on purchasing a Mercedes
Replies: 82
Views: 6821

Re: Buyer's Remorse on purchasing a Mercedes

Just drive it... you’re going to take a 15-22k hit.

Might as well enjoy it for at least 2-3 years then get a Honda
by pennylane
Wed Dec 19, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Basement minimum height requirement -- can I ignore until house sale?
Replies: 34
Views: 2644

Re: Basement minimum height requirement -- can I ignore until house sale?

stan1 wrote:
Wed Dec 19, 2018 8:35 am
I would do it and wouldn't rip it out until the buyer asked you to. Even if you disclose that the ceiling height is not to code the buyer may like it finished and want to keep it.
+1

To hell with the code. If it’s your house and is not a safety hazard, do it.
by pennylane
Tue Dec 18, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

I find it funny that if this was any other model of car and it had the same reliability issues as Tesla, you'd be laughed off the forum if you asked whether it was smart to spend $50k on it. A FIAT would be twice as reliable....a FIAT. What's double sad is that an electric car should be a lot more ...
by pennylane
Tue Dec 18, 2018 7:12 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

Hey PL, I remember being 26 a long long time ago. Buying a car is similar to making the decision as to whether to retire or not; at least there are many similarities. On one end of the spectrum it's an emotional decision and on the other end it's a financial decision. I can see that you are torn be...
by pennylane
Mon Dec 17, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

I would absolutely get a Tesla or some other EV, you can't put a price on clean air. That or avoid owning a car and retire much earlier. At this time the biggest selling points to the car was comfort, safety, semi-autonomous driving capabilities. Clean air sales pitch isn’t for me. If I avoid havin...
by pennylane
Sun Dec 16, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10130

Re: Can I retire

Here are some trivial examples from a real life family of four Childcare $42,000 Property taxes $20,000 Charity/tithing $25,000 Food $23,000 Home maintenance $5,000 Vacations $18,000 Children's lessons (ballet, piano, tutoring) $12,000 Private school $50,000 Clothes $9,000 I don’t know who posted t...
by pennylane
Sun Dec 16, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

Does it make sense that Tesla wants to sell you their car at retail but pay wholesale for your car? Of course it does; they're not in the used car business (other than used Teslas). You're under no obligation to use their trade-ins. Sell privately, CarMax, whatever. Tesla doesn't do the appraisal, ...
by pennylane
Sun Dec 16, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

I test drove the Tesla yesterday, without a doubt I was impressed. I am now worried about Tesla’s ability to compete once other manufacturers start releasing comparable cars. The whole Tesla sales model frankly sucks. These guys want you to pay retail for their car but will buy your car for wholesa...
by pennylane
Sun Dec 16, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10130

Re: Can I retire

How the hell do you blow through so much money? Your net worth should be in the 7-8 figure range with an income like that. I’m assuming you’ve always been able to earn a high income.. seriously, how do you only save 70k a year? I save more than that and I make a little more than half what you make....
by pennylane
Sat Dec 15, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10130

Re: Can I retire

How the hell do you blow through so much money? Your net worth should be in the 7-8 figure range with an income like that. I’m assuming you’ve always been able to earn a high income.. seriously, how do you only save 70k a year? I save more than that and I make a little more than half what you make..
by pennylane
Sat Dec 15, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

Thanks everyone for your input. I made up my mind to not purchase the vehicle. It is just too much money at this time.
by pennylane
Sat Dec 15, 2018 7:00 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

I test drove the Tesla yesterday, without a doubt I was impressed. I am now worried about Tesla’s ability to compete once other manufacturers start releasing comparable cars. The whole Tesla sales model frankly sucks. These guys want you to pay retail for their car but will buy your car for wholesal...
by pennylane
Sat Dec 15, 2018 6:51 am
Forum: Personal Consumer Issues
Topic: Best headphones under 500 bucks
Replies: 79
Views: 6751

Re: Best headphones under 500 bucks

apple airpods. under $200. Take the rest of the money and take your significant other out to a nice dinner. Trust me (some guy on the internet) it'll be the best decision you make. All the other stuff is overpriced garb. I hope you tried everything else on the market before you called it overprice ...
by pennylane
Fri Dec 14, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Sell individual stocks to buy index funds?
Replies: 50
Views: 5066

Re: Sell individual stocks to buy index funds?

I would sell over time or donate to charity over time. I really doubt this is what his grandparents had in mind when they put away $6,000 for him.. Had that money been with the intentions of charity, I'm sure they would of donated themselves. OP... Ask yourself this; at this price today, if I had $...
by pennylane
Fri Dec 14, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: Best headphones under 500 bucks
Replies: 79
Views: 6751

Re: Best headphones under 500 bucks

apple airpods. under $200. Take the rest of the money and take your significant other out to a nice dinner. Trust me (some guy on the internet) it'll be the best decision you make. All the other stuff is overpriced garb.
by pennylane
Fri Dec 14, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Audi S4 vs S3
Replies: 36
Views: 2294

Re: Audi S4 vs S3

S3 is slightly faster, S4 has better equipment as its on a newer platform. I would go for the S4 for sure.
by pennylane
Fri Dec 14, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

I calculated, based on the miles I do, that it is a dumb decision to buy a car worth more than 10K. Do you travel so many miles that the Tesla will save you money over the long term? If you do, go for it. Otherwise, buy an appropriate car and do something smarter with the savings. Only you should a...
by pennylane
Fri Dec 14, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: New job, sales at Subaru
Replies: 62
Views: 7702

Re: New job, sales at Subaru

Teague wrote:
Sun Dec 09, 2018 11:42 pm
How to win friends and influence people by Dale Carnegie is a classic. It was written in 1936, and still earns 4.5 out of 5 stars on Amazon. Timeless.
+1 READ this and follow it like your life depended on it, if you do, you will have great success in sales and more importantly life
by pennylane
Thu Dec 13, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

HomerJ wrote:
Thu Dec 13, 2018 1:50 pm
Does the bottom line ($40k) Tesla have all the Auto-drive features?
yes. RWD, Mid range (260miles) upgraded paint and auto-drive feature
by pennylane
Thu Dec 13, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Who else is doing home automation?
Replies: 64
Views: 3716

Re: Who else is doing home automation?

we automated starting about 2 years ago and love it. Get the automatic blind openers.. not sure what brand makes them off hand but they have them where you can set them part of your morning routine
by pennylane
Thu Dec 13, 2018 11:37 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

RollTide31457 wrote:
Thu Dec 13, 2018 11:14 am
Stick with Honda. Or consider an F150.
Why would I consider buying a gas guzzling oversized vehicle? especially since I have no use for a pickup.
by pennylane
Thu Dec 13, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 160
Views: 10682

Re: Robinhood to launch 3% Checking & Savings Accounts

I would imagine other banks like discover, ally etc will just bump their rates up to compete..
by pennylane
Thu Dec 13, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle? Passive Income?
Replies: 71
Views: 8450

Re: Side Hustle? Passive Income?

real estate agent on the side, good side income.. expenses for the year are between 2-4k but income is usually over 30k and minimal time dedicated to it. I could make much more but I just go for the low hanging fruit and easy opportunities.
by pennylane
Thu Dec 13, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

I forgot to mention: my BIL rented a model 3 recently, and we both drove it. He purchased a Model 3 to go with his Model S. It seemed a wonderful car for the short time I drove it. He reports being very happy with the 3 (as he is with the S). Thanks for the post! I have never heard of an unsatisfie...
by pennylane
Thu Dec 13, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

Impossible to answer without more context, but your sentence 'starting a new job that will pay me... indicates a big NO. First rule of financial well being. Don't spend money you don't yet have. Get your savings rate on track. Maximize all tax-advantaged space available to you. Get a solid buffer f...
by pennylane
Thu Dec 13, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

Musk stated last Sunday on 60 minutes that the company is billions (not millions) of dollars in debt (even with tax subsidies) and that if the model 3 does not sell well then the company will go bankrupt. Tax subsidies are no longer a given. Further, Musk's responses during the interview were less ...
by pennylane
Thu Dec 13, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Re: Should I buy a Tesla?

mw1739 wrote:
Thu Dec 13, 2018 9:08 am
I think you can afford it, but the better question is where are you getting a Tesla for $40,000? I’m assuming it’s used for that price. How old and how many miles does it have?

Model 3 after incentives its $38,700.
by pennylane
Thu Dec 13, 2018 7:52 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6062

Should I buy a Tesla?

I have had my eye on one for a couple years and have always driven beater cars ever since I got my first car. Typically Honda’s with high miles and no equipment. 26 years old, starting new job that will pay me in the tune of 150-220k. Wife’s income is 60-80k no debt except our very modest small home...
by pennylane
Wed Dec 12, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 22374

Re: What are your property taxes?

Medium size town in Midwest. 5,100 sq foot house on 3/4th acre lot. $8,600 prop tax 5.25% sales tax 7.65% state income tax Gross slightly over $900K/year and save $500K/year. We lived in SF Bay area for 19 years and marvel at the improved quality of life we now experience. You Gross $900,000 but sa...
by pennylane
Tue Dec 11, 2018 7:39 pm
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 4096

Re: Donate to homeless?

Don’t give money to the homeless. Just wait for them to get so desperate that they snatch an inocent persons purse or they’re in your backyard trying to get into your house.

Seriously, what difference does it make to you what they do with the $5 they spent 4 hours panhandling for?
by pennylane
Tue Dec 11, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: Buy Lexus CPO now or wait until end of Dec.?
Replies: 23
Views: 1518

Re: Buy Lexus CPO now or wait until end of Dec.?

I think he is lying to you. Can't you buy a new one for $40K? 3-year-old CPO RX-350's are sold to me for 15% to 20% off the initial dealer asking price. I don't know about internet specials, but if you are in a hurry or have fallen in love with the car, then you will pay for that. I'll add that a S...
by pennylane
Tue Dec 11, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 22374

Re: What are your property taxes?

Medium size town in Midwest. 5,100 sq foot house on 3/4th acre lot. $8,600 prop tax 5.25% sales tax 7.65% state income tax Gross slightly over $900K/year and save $500K/year. We lived in SF Bay area for 19 years and marvel at the improved quality of life we now experience. You Gross $900,000 but sa...
by pennylane
Sun Dec 09, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review for 29 & 30 year olds.
Replies: 18
Views: 1965

Re: Portfolio review for 29 & 30 year olds.

First off, fantastic job with building your net worth with the salary you have. Congratulations, you’re doing great. Would love to pick your brain on how you decide to buy properties. Ignore the advice of others here saying to sell your rentals in case the market comes down. Regardless of what the h...
by pennylane
Fri Dec 07, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell?? 1,118.75% gain!!
Replies: 26
Views: 3922

Re: Should I sell?? 1,118.75% gain!!

z91 wrote:
Fri Dec 07, 2018 11:31 am
I may have missed it, but what stock was this, out of curiosity?
NHPI
by pennylane
Fri Dec 07, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Helping in-laws with buy vs lease
Replies: 14
Views: 1009

Re: Helping in-laws with buy vs lease

lease a vehicle that costs less then $200 per month. This would leave them with cash reserves and eliminates the risks of repair costs as vehicles are typically under warranty for the next 3 years. This also leaves them with a much safer car. How would you feel if they purchased a 10 year old clunke...
by pennylane
Fri Dec 07, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell?? 1,118.75% gain!!
Replies: 26
Views: 3922

Re: Should I sell?? 1,118.75% gain!!

It is too late now, but in such situations, I typically try to sell it to the worth of the original investment + 7% return p.a. In your case it would be 133*1.07^10 . Let the remaining ride. If it does not pan out at least I get the money equivalent of a stock index return. If it does :sharebeer i ...
by pennylane
Fri Dec 07, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell?? 1,118.75% gain!!
Replies: 26
Views: 3922

Re: Should I sell?? 1,118.75% gain!!

Thank you everyone for your input. I ended up selling and taking the money as an early Christmas present.

I asked myself if I would buy this stock at the current stock and my answer was NO. Therefore, I'm taking my money!

I am still in absolute shock that my once $8 position turned into $1500+
by pennylane
Thu Dec 06, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 12080

Re: 20M Inheritance - What is best option for small/no risk on principal?

You inherited 20mill in cash?

Who holds that much cash??

Something doesn’t seem right...
by pennylane
Thu Dec 06, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell?? 1,118.75% gain!!
Replies: 26
Views: 3922

Re: Should I sell?? 1,118.75% gain!!

If you sell, don't spend all the money in one place :D If only you'd bought <Dr. Evil pinky finger to lips> ONE MILLION DOLLARS of the stock back in the day. I really would only need to have bought $10,000 of this stock at its low of when my position went down to $8. Of course I would never do today.
by pennylane
Thu Dec 06, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell?? 1,118.75% gain!!
Replies: 26
Views: 3922

Re: Should I sell?? 1,118.75% gain!!

Hey everyone, a few years back I dabbled in penny stocks and foolishly bought some terrible stocks that. 7 years later I only buy index funds but in my old scottrade account I had $8 worth of stock that I purchased for $133. I never sold them because it wasn’t worth selling over $8 and plus the com...
by pennylane
Thu Dec 06, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell?? 1,118.75% gain!!
Replies: 26
Views: 3922

Should I sell?? 1,118.75% gain!!

Hey everyone, a few years back I dabbled in penny stocks and foolishly bought some terrible stocks that. 7 years later I only buy index funds but in my old scottrade account I had $8 worth of stock that I purchased for $133. I never sold them because it wasn’t worth selling over $8 and plus the comm...