Search found 254 matches

by pennylane
Sat Apr 25, 2020 2:35 pm
Forum: Investing - Theory, News & General
Topic: If you have a sizable portfolio, you don't need an emergency fund
Replies: 140
Views: 10327

Re: If you have a sizable portfolio, you don't need an emergency fund

Looks like the non emergency fund took 11 years to be bigger.

A hybrid position would be best: emergency fund for 10 years then invest that once your nest egg is large enough
by pennylane
Fri Apr 10, 2020 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 12921

Re: Executive pay cut request: How to respond?

If I was on the board with the company bleeding and my executive wasn’t happily willing to take a pay cut in the best interest of the organization that pays him a generous salary when the going is good I’d immediately know I hired the wrong guy. I’d launch you faster than you can blink. Good luck.
by pennylane
Fri Feb 21, 2020 4:12 pm
Forum: Personal Consumer Issues
Topic: Potential sue - Loss of money
Replies: 128
Views: 12373

Re: Potential sue - Loss of money

If he sues you, hire a PI to do some snooping into his life, sounds like he dug and got dirt on you. I’d play the same game. Look hard enough, you can always find something on someone.
by pennylane
Wed Feb 19, 2020 7:11 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 80530

Re: Talk me out of buying a Tesla Model 3

marcwd wrote:
Wed Feb 19, 2020 3:27 pm
pennylane wrote:
Wed Feb 19, 2020 3:17 pm
Buy it. 16k miles into it, never had to visit the dealership once.
I’d expect that with any new car at 16k miles.
New cars need an oil change at 5K - 1st visit

10k service - 2nd visit

20k service

Assuming nothing comes up within 15k miles
by pennylane
Wed Feb 19, 2020 3:17 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 80530

Re: Talk me out of buying a Tesla Model 3

Buy it. 16k miles into it, never had to visit the dealership once.
by pennylane
Wed Feb 19, 2020 3:16 pm
Forum: Personal Investments
Topic: New high income earner
Replies: 36
Views: 4741

Re: New high income earner

How’d you manage to make such a large income leap in a short amount of time?
by pennylane
Wed Feb 19, 2020 3:16 pm
Forum: Personal Investments
Topic: New high income earner
Replies: 36
Views: 4741

Re: New high income earner

How’d you manage to make such a large income leap in a short amount of time?
by pennylane
Wed Feb 19, 2020 11:21 am
Forum: Personal Investments
Topic: FOMO - TESLA
Replies: 36
Views: 2934

Re: FOMO - TESLA

stocknoob4111 wrote:
Wed Feb 19, 2020 10:48 am
going to the moon and today... is $1000 imminent??
:oops:
by pennylane
Tue Feb 18, 2020 10:42 pm
Forum: Personal Investments
Topic: FOMO - TESLA
Replies: 36
Views: 2934

Re: FOMO - TESLA

I am an index fund investor. That being said, i find it funny when people say "its all priced into the market". If that was the case, tesla wouldnt have taken off so quickly. Same went for apple. I remember seeing lines of people standing in line for the first iphone. meanwhile analysts on wall str...
by pennylane
Tue Feb 18, 2020 10:37 pm
Forum: Personal Investments
Topic: FOMO - TESLA
Replies: 36
Views: 2934

Re: FOMO - TESLA

the company's valuation and stock price is a joke... TSLA has not been profitable for 4 contiguous quarters even once in it's entire existence - the stock price reflects an extreme bubble based on speculation about the future and nothing more. We will see what happens when Q1 2020 earnings come out...
by pennylane
Tue Feb 18, 2020 6:28 pm
Forum: Personal Investments
Topic: FOMO - TESLA
Replies: 36
Views: 2934

Re: FOMO - TESLA

Maybe two things: 1) Just don't look at stocks for a while, and then you will see that it will be much lower than 800$. Give it couple months. You will thank yourself. 2) Assume we are in a recession next month and what will happen to Tesla. Maybe it will go down to 80$? Very difficult to ignore th...
by pennylane
Tue Feb 18, 2020 5:42 pm
Forum: Personal Investments
Topic: FOMO - TESLA
Replies: 36
Views: 2934

FOMO - TESLA

Felt the need to get on here and get some conventional wisdom from my opinion one of the best investment advice forums. My story: I picked up an undisclosed amount of Tesla at around $200/share and sold all for close to $800/share in a timespan of less than 1 year. My rational self tells me, nice jo...
by pennylane
Mon Sep 02, 2019 8:03 pm
Forum: Personal Consumer Issues
Topic: Diminshed value claim
Replies: 12
Views: 1158

Re: Diminshed value claim

Diminished value of a car is 10% of market value. It may not be worth fighting for. Seems the insurance company doesnt have the same opinion. :happy OP states that the insurance is offering him $3200 when he paid 54k for the vehicle. Vehicle is probably worth about 40k now. 10% is a real world numb...
by pennylane
Sun Sep 01, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: Diminshed value claim
Replies: 12
Views: 1158

Re: Diminshed value claim

Diminished value of a car is 10% of market value. It may not be worth fighting for.
by pennylane
Sun Sep 01, 2019 2:55 pm
Forum: Personal Investments
Topic: Avoid grandson poverty
Replies: 76
Views: 9861

Re: Avoid grandson poverty

It’s nice that you care and are able to take care of your grandson but this is a terrible plan - one that may cripple him. I would set it to where he starts receiving the money at age 45. This way he has fully matured and hopefully established himself Why not make it 55 or 65? Just to be safe. Woul...
by pennylane
Sun Sep 01, 2019 8:31 am
Forum: Personal Investments
Topic: Avoid grandson poverty
Replies: 76
Views: 9861

Re: Avoid grandson poverty

It’s nice that you care and are able to take care of your grandson but this is a terrible plan - one that may cripple him.

I would set it to where he starts receiving the money at age 45. This way he has fully matured and hopefully established himself
by pennylane
Sun Aug 04, 2019 10:22 am
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 12826

Re: Insane to buy a sports car?

It’s not allowable to post about a potential sports car purchase without posting which car it is you are looking at. This gives the other forum members the opportunity to either 1) live vicariously through you or 2) recommend a different car, typically the one they drive. :D Some Tesla fanboi will ...
by pennylane
Sat Aug 03, 2019 9:36 pm
Forum: Personal Investments
Topic: Pick one: $135,000 rental property or $110,000 in REITs
Replies: 89
Views: 12131

Re: Pick one: $135,000 rental property or $110,000 in REITs

Take out a 80-50% LTV mortgage for the rental and use the rest for VNQ Real estates biggest strength is the ability to leverage. Forgive me if I'm not understanding... Current mortgage rates are around 4%. VNQ yield is about 4%. How would getting a mortgage and buying VNQ help anything? OP has $110...
by pennylane
Sat Aug 03, 2019 9:25 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 12826

Re: Insane to buy a sports car?

It’s not allowable to post about a potential sports car purchase without posting which car it is you are looking at. This gives the other forum members the opportunity to either 1) live vicariously through you or 2) recommend a different car, typically the one they drive. :D Some Tesla fanboi will ...
by pennylane
Thu Jul 04, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?
Replies: 57
Views: 4384

Re: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?

You may not need the top of the line Tesla M3. I thought I needed it too and drove a base RWD lowest battery pack and it’s plenty fast - I have a 70 mile round trip commute and I’m just ok. I am a few years younger than you and don’t make as much as you do but my net worth is higher. I justified get...
by pennylane
Wed Jul 03, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 18657

Re: Fun paid jobs after FIRE

Many older/retired men I see working at upscale dealerships as drivers. Drivers rolls include Swapping cars between dealerships Moving cars around the lot Getting customer cars They receive medical benefits, easy job and can probably make $300-500 a week no stress or many responsibilities It's more...
by pennylane
Wed Jul 03, 2019 9:32 am
Forum: Personal Investments
Topic: Pick one: $135,000 rental property or $110,000 in REITs
Replies: 89
Views: 12131

Re: Pick one: $135,000 rental property or $110,000 in REITs

Take out a 80-50% LTV mortgage for the rental and use the rest for VNQ

Real estates biggest strength is the ability to leverage.
by pennylane
Sun Jun 02, 2019 7:46 am
Forum: Personal Investments
Topic: Do you regret taking a pay cut for quality of life?
Replies: 68
Views: 8848

Re: Do you regret taking a pay cut for quality of life?

2 years ago I took a 50% pay cut to work a less stressful job at a very easy going company with great vacation package and flexibility to work from home (3-5 days a week from home) I was miserable because I wasn’t making the money I was used to, I’m a different breed than most so this may not be wha...
by pennylane
Sat Jun 01, 2019 9:34 pm
Forum: Personal Consumer Issues
Topic: Cordless Drill: Bosch PS32-02 vs Makita FD07R1?
Replies: 31
Views: 2365

Re: Cordless Drill: Bosch PS32-02 vs Makita FD07R1?

I have the Milwaukee M18 series. You’ll buy it and never have to replace.

You can go for the M12 as well, small and they are powerful as all.

I’d strongly consider Milwaukee.
by pennylane
Sat Jun 01, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 18657

Re: Fun paid jobs after FIRE

Many older/retired men I see working at upscale dealerships as drivers.

Drivers rolls include
Swapping cars between dealerships
Moving cars around the lot
Getting customer cars

They receive medical benefits, easy job and can probably make $300-500 a week no stress or many responsibilities
by pennylane
Sun May 26, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Deer hit car near kid's school...file claim back home?
Replies: 27
Views: 1811

Re: Deer hit car near kid's school...file claim back home?

If you own the car and make a claim with the insurance company expect your carfax to go bad. That will diminish the value of your car by 10-20%. If it’s minimal damage and calculate the out of pocket expense will be less than 10-20% value of the car at resell, it would be wise to fix on your own. I...
by pennylane
Sun May 26, 2019 2:15 pm
Forum: Non-US Investing
Topic: I received a one-time payment that needs to last me the rest of my life [EU]
Replies: 53
Views: 10028

Re: I received a one-time payment that needs to last me the rest of my life [EU]

I would invest a small portion into cash flowing real estate that you’re able to live off of. The rest in a 3 fund portfolio that appreciates and isn’t touched. Would a REIT do the same job? I am not thrilled about becoming an active investor. No it would not. Why not? Because it doesn’t. If it did...
by pennylane
Sun May 26, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Deer hit car near kid's school...file claim back home?
Replies: 27
Views: 1811

Re: Deer hit car near kid's school...file claim back home?

If you own the car and make a claim with the insurance company expect your carfax to go bad. That will diminish the value of your car by 10-20%. If it’s minimal damage and calculate the out of pocket expense will be less than 10-20% value of the car at resell, it would be wise to fix on your own. If...
by pennylane
Sun Apr 28, 2019 9:53 pm
Forum: Non-US Investing
Topic: I received a one-time payment that needs to last me the rest of my life [EU]
Replies: 53
Views: 10028

Re: I received a one-time payment that needs to last me the rest of my life [EU]

pstffc wrote:
Sun Apr 28, 2019 11:37 am
pennylane wrote:
Sun Apr 28, 2019 11:28 am
I would invest a small portion into cash flowing real estate that you’re able to live off of. The rest in a 3 fund portfolio that appreciates and isn’t touched.
Would a REIT do the same job? I am not thrilled about becoming an active investor.
No it would not.
by pennylane
Sun Apr 28, 2019 11:28 am
Forum: Non-US Investing
Topic: I received a one-time payment that needs to last me the rest of my life [EU]
Replies: 53
Views: 10028

Re: I received a one-time payment that needs to last me the rest of my life [EU]

I would invest a small portion into cash flowing real estate that you’re able to live off of. The rest in a 3 fund portfolio that appreciates and isn’t touched.
by pennylane
Wed Mar 27, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: I suspect I may have equity in my car lease. Help?
Replies: 31
Views: 2259

Re: I suspect I may have equity in my car lease. Help?

You do not have equity in that vehicle. I am a professional in this field.
by pennylane
Sun Mar 17, 2019 8:38 am
Forum: Personal Consumer Issues
Topic: Paris - Is It Safe?
Replies: 143
Views: 10556

Re: Paris - Is It Safe?

I find this a ridiculous question. If you’re paranoid for your safety, don’t go.



If it was unsafe for anyone to go, they’d probably have travel restrictions.... you’ll be fine.......
by pennylane
Wed Mar 13, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 9095

Re: Bright daughter wants to work for nonprofit

Please don’t take this the wrong way.... If she’s as bright as you think she is, she might see something you don’t, do stay out of her way. If it’s the wrong move and she’s considering doing it then she’s really not as bright as you think she is and in that case, she’s not very bright and you should...
by pennylane
Wed Mar 13, 2019 3:24 pm
Forum: Personal Investments
Topic: I want to leave Vanguard
Replies: 71
Views: 6596

Re: I want to leave Vanguard

Don’t blame vanguard for your ignorance. They did nothing wrong.
by pennylane
Wed Feb 27, 2019 10:19 pm
Forum: Personal Consumer Issues
Topic: Financial solicitation by my doctor
Replies: 71
Views: 9137

Re: Financial solicitation by my doctor

Stop being so sensitive. Don’t want to participate? Disregard it then.
by pennylane
Wed Feb 27, 2019 9:32 pm
Forum: Personal Investments
Topic: bitcoin guy wants to stock market
Replies: 234
Views: 13591

Re: bitcoin guy wants to stock market

OP, congratulations on your winnings. Hope you get what you want out of the money you won. Going through the post, I can take a guess and say OP probably has about $300,000-400,000 in winnings. This certainly isn’t enough for the average 30 year old to live on for the rest of their lives but it’s cl...
by pennylane
Thu Feb 21, 2019 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 24 Hours to Decide?
Replies: 100
Views: 7803

Re: Job Offer - 24 Hours to Decide?

It is immature of them to give you a hard 24 hour deadline. I agree with your suggested approach. Tell them you will have made a decision within 72 business hours so they know what you are thinking. If they won’t grant that then they’re probably not folks you want to work for. What information will...
by pennylane
Sun Feb 17, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 8605

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

Get another Lexus. The Audi will cost you an arm and a leg to maintain and will not be worth nearly as much as a used Lexus.
by pennylane
Sun Feb 03, 2019 9:49 am
Forum: Personal Investments
Topic: 30 YO 2 Million to Invest
Replies: 60
Views: 8176

Re: 30 YO 2 Million to Invest

What rate is your mortgage? If it's low (below 3%) there would be less benefit to paying it off. I would put it in a money market fund (or Ally Online Savings) for a bit just to think and consider all your options. There is no huge rush to invest it. Even up to 6 months -- I would do some reading, ...
by pennylane
Sun Jan 27, 2019 9:01 pm
Forum: Personal Consumer Issues
Topic: Did I do a terrible purchase on a used car?
Replies: 38
Views: 4407

Re: Did I do a terrible purchase on a used car?

Sticker price is based on new cars. Used cars typically don’t have much markup in them. For example: Dealer buys car for $14,000 Reconditions $1,000 Certifies $950 Ask for $18,000 Sell for 17,500-18,000 Pay sales person $200 commission Dealer paid interest on car while it sat on their lot After all ...
by pennylane
Sun Jan 27, 2019 11:37 am
Forum: Personal Consumer Issues
Topic: How will you spend your retirement money?
Replies: 86
Views: 10766

Re: How will you spend your retirement money?

Travel
Hobbies
Whatever I want

I’m not spoiling anyone but myself. Worked too hard to give it away while I’m alive :)
by pennylane
Wed Jan 16, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 981
Views: 101475

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: 10858

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: 18784
Views: 2626177

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: 7098

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: 7098

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: 7098

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: 2669

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: 7415

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...