Search found 238 matches

by pennylane
Sun Aug 04, 2019 10:22 am
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 207
Views: 9443

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: 10731

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: 207
Views: 9443

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: 4011

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: 17035

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: 10731

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: 7892

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: 1981

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: 17035

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: 1732

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: 9674

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: 1732

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: 9674

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: 9674

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: 2095

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: 9479

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: 8295

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: 6133

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: 8643

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: 12909

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: 7443

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: 7995

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: 7836

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: 4157

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: 10023

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: 555
Views: 50454

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: 10116

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: 11661
Views: 2008540

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: 6439

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: 6439

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: 6439

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: 2485

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: 7068

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: 7068

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: 2723

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: 6439

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: 6439

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: 6439

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: 10554

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: 6439

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: 6439

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: 10554

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: 10554

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: 6439

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: 6439

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: 7088

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: Personal Investments
Topic: Sell individual stocks to buy index funds?
Replies: 50
Views: 5495

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: 7088

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: 2487

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.