Search found 92 matches

by yosemite_mountain
Fri Aug 30, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

I would not buy a BMW. Almost everyone I know pays a fortune to maintain it (oil changes are over $150) and they all seems to have major repairs needed starting at the 4-5 year mark. Once your lease ends you should return it. Yeah thats my main concern. I've budgeted $1k a year in maintenance and r...
by yosemite_mountain
Thu Aug 29, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

Decisions decisions....
by yosemite_mountain
Thu Aug 29, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

LegendaryRed wrote:
Thu Aug 29, 2019 1:38 pm
Look on car forums for your make to see what the lease end inspection guidelines are - it will say how much tread life you need life, and there is often a "we don't care about small enough scratches and dings". Thanks. This is helpful!
by yosemite_mountain
Thu Aug 29, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

I personally would stick with the 330e if you like it and the particular car has behaved, as opposed to introducing the uncertainty of a different used car. That's assuming $30k is reasonably attractive relative to market, out the door, as compared to going to another BMW dealer and getting a diffe...
by yosemite_mountain
Wed Aug 28, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

Hector wrote:
Wed Aug 28, 2019 7:26 pm
Buy the BMW. I want to buy the BMW. Its a fun car to drive; however the the average annual repair/maintenance cost is $1k which is pretty steep.
by yosemite_mountain
Wed Aug 28, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

WhiteMaxima wrote:
Wed Aug 28, 2019 4:12 pm
Life is too short. If you like your BMW, buy it out. Ask if you could buy additional warranty just in case for costly repair. Otherwise, enjoy your ultimate driving machine. Toyota, honda can't match BMW driving dynamics.
:sharebeer
by yosemite_mountain
Wed Aug 28, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

More thoughts on what to buy. Toyota - The only problem is, you may be stuck with this car for more than 25 years Lexus - I'm 70 years old and I want some comfort and pep BMW - Similar to a porcupine, but the pricks are on the inside Jeep - At least it doesn't say Fiat on it Chevrolet - I switched ...
by yosemite_mountain
Wed Aug 28, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

harrychan wrote:
Wed Aug 28, 2019 2:11 pm

A car that meets your needs. Makes sense
by yosemite_mountain
Wed Aug 28, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

WhiteMaxima wrote:
Wed Aug 28, 2019 1:16 pm
I would lease BMW, Audi and buy Toyota Honda.
Makes sense
by yosemite_mountain
Wed Aug 28, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

If I were you, I wouldn't buy a $30k car especially a used car. At that price point, there are a lot of options for used and even new for just a bit more. $400k portfolio is ok but not great. I would be more focused on saving for a home if I were in your shoes. Good point regarding focusing on savi...
by yosemite_mountain
Wed Aug 28, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

Grt2bOutdoors wrote:
Wed Aug 28, 2019 10:14 am
You can afford the car but the real question is can you afford the cost of repairs? Repairing a BMW is costly.
Makes sense
by yosemite_mountain
Wed Aug 28, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

I'm all for the Toyota Camry and Honda Accord but I'm concerned about their safety ratings. On the other hand, the Subaru and BMW seem to have excellent safety ratings. Reliablity: according to https://repairpal.com/reliability -2019 Toyota Camry: 4.5 -2019 Honda Accord: 4.5 -2019 Subaru Legacy: 4 ...
by yosemite_mountain
Wed Aug 28, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

I'm all for the Toyota Camry and Honda Accord but I'm concerned about their safety ratings. On the other hand, the Subaru and BMW seem to have excellent safety ratings. I'd like to prioritize safety. Reliablity: according to https://repairpal.com/reliability -2019 Toyota Camry: 4.5 -2019 Honda Accor...
by yosemite_mountain
Tue Aug 27, 2019 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

Nate79 wrote:
Tue Aug 27, 2019 8:35 pm
Only if you are willing and able to pay cash.
Thanks for the reminder. My IPS says I should only pay for cars with cash :happy
by yosemite_mountain
Tue Aug 27, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

As much as I like Subaru, if you go look at one, stick with a Legacy Limited (my wife drives one). Any reason to pick a Subaru Legacy Limited over a Subaru Legacy? A Crosstrek is going to feel like a bumpy, uncomfortable, noisy piece of crap. Here's the fun part....I own 2 Crosstreks! A 13 limited ...
by yosemite_mountain
Tue Aug 27, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

I have leased a 2018 BMW 330e iPerformance for the past two years. The lease is ending in a month and the dealership says I can purchase the car for $30k. Question Should I buy a $30k car? How much car should I buy based on my stats below? I really like the car but also want to avoid lifestyle cree...
by yosemite_mountain
Tue Aug 27, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Should I purchase a $30k car?

I'm frugal, but dang, you doin just fine. Get it, or go spend (as I would) $30k on a new, reliable, long-term car, like a nice little Subaru. Thats a good point. I have been thinking of maybe getting a Subaru. How would you rate the Subaru in terms of safety? Also is the Subaru a reliable, long ter...
by yosemite_mountain
Tue Aug 27, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Re: Can I afford a $30k car purchase?

Have you shopped the same car/same miles/same condition? Is $30k "on par" with what they are selling for? Yes, I've shopped around and its "on par" 2 year lease, are you "over miles" or "under miles"? Any wear items that you need to replace? Tires? How do I know in general what I need to replace? S...
by yosemite_mountain
Tue Aug 27, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7379

Should I purchase a $30k car?

**EDIT Question Should I buy a $30k car? How much car should I buy based on my stats below? I really like the 2018 BMW 330e i that I've leased for the past two years; the payoff amount at the end of the BMW lease is $30k. I'd like a car with excellent safety ratings. I'd also like to avoid lifestyle...
by yosemite_mountain
Sat Aug 24, 2019 3:52 pm
Forum: Personal Investments
Topic: Do I Need an Emergency Fund And How Much
Replies: 41
Views: 3886

Re: Do I Need an Emergency Fund And How Much

I don’t see what the big deal would be stashing 5 grand at a local bank and forgetting about it otherwise. It’s two months of expenses for you, which with no debt and no mortgage is a little light but doable. I did have 5 grand at a local bank dedicated for emergencies, but I ended up spending the ...
by yosemite_mountain
Fri Aug 23, 2019 2:26 pm
Forum: Personal Investments
Topic: Do I Need an Emergency Fund And How Much
Replies: 41
Views: 3886

Re: Do I Need an Emergency Fund And How Much

It's a matter of your comfort level. When younger, even with significant investment assets, I always held 3-6 months in cash as a emergency fund. Whenever I had the unexpected expense, I preferred to go to my EF rather than withdrawing from my portfolio. Strange thing is that in retirement I now pr...
by yosemite_mountain
Fri Aug 23, 2019 1:47 pm
Forum: Personal Investments
Topic: Do I Need an Emergency Fund And How Much
Replies: 41
Views: 3886

Re: Do I Need an Emergency Fund And How Much

I have my asset allocation adjusted to what I can tolerate during a bad market. I have $80k invested in Vanguard Total Bond , and the rest of the portfolio is invested in equities. Question Do I need a designated emergency fund of cash in a bank savings account, and how much? I have no debt and no ...
by yosemite_mountain
Thu Aug 22, 2019 8:06 pm
Forum: Personal Investments
Topic: Do I Need an Emergency Fund And How Much
Replies: 41
Views: 3886

Do I Need an Emergency Fund And How Much

I have my asset allocation adjusted to what I can tolerate during a bad market. I have $80k invested in Vanguard Total Bond , and the rest of the portfolio is invested in equities. Question Do I need a designated emergency fund of cash in a bank savings account, and how much? I have no debt and no m...
by yosemite_mountain
Thu Aug 15, 2019 12:54 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

tesuzuki2002 wrote:
Wed Aug 14, 2019 6:42 pm
I would keep doing what you are doing! I have a very similar approach to yours and I think it is working well.
:sharebeer
by yosemite_mountain
Wed Aug 14, 2019 6:33 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

retire2022, I'm hoping to be financially independent at 45. My job is unstable due to agesim and several other factors, so I'm trying to stash away as much as possible while I still can. Contributions: 401k: 19k 401k match: 7k Backdoor Roth: 6k Mega backdoor Roth: 13k Taxable account: 98k Total: 14...
by yosemite_mountain
Wed Aug 14, 2019 6:10 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

I agree with DanMahowny checkout my projections until you turn 67 or 31-67=36 years of projected investing http://www.moneychimp.com/calculator/compound_interest_calculator.htm if your annual contributions are 143K each year for the next 36 years @5% compounded it will be $15,218,053.56 if you save...
by yosemite_mountain
Wed Aug 14, 2019 5:20 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

Are you familiar with compounding? That can't happen if you 'lock in' a gain. Made up numbers here... But, say you buy a share of something for $100 today. A year from now, that share is worth $110. You lock in that gain and made $10. Twenty years from now that share could be worth $500. Are you gl...
by yosemite_mountain
Wed Aug 14, 2019 12:31 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

Thanks everyone for the responses. Although I must admit I'm now even more confused than I was before I asked the question
by yosemite_mountain
Tue Aug 13, 2019 6:14 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

Probably the most common thing is to try for (and succeed) at growing total wealth and as time goes on reduce the proportion that is at risk while the total number of dollars at risk is actually increasing. So essentially as total wealth increases, change asset allocation from 80:20 stocks/bonds to...
by yosemite_mountain
Tue Aug 13, 2019 5:02 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

dbr wrote:
Tue Aug 13, 2019 4:50 pm
My question is still the same. What is the reason to want realized gains?
The reason to want realized gains is so as to put away the gains in a safer asset like bonds and not end up back at square one
by yosemite_mountain
Tue Aug 13, 2019 4:31 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

The answer is you don't. Locking in gains is not something ongoing investors do. To lock in gains you have to quit your investments, in whole or in part. Where are you getting the idea this is something you should do? That makes sense dbr. The idea came from "potentially end up at baseline 15+ year...
by yosemite_mountain
Tue Aug 13, 2019 3:50 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

The answer is you don't. Locking in gains is not something ongoing investors do. To lock in gains you have to quit your investments, in whole or in part. Where are you getting the idea this is something you should do? Thanks dbr! So in a sense we should buy and hold forever, and hope that over long...
by yosemite_mountain
Tue Aug 13, 2019 3:43 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

TurksandCaicos01 wrote:
Tue Aug 13, 2019 3:39 pm

This makes sense. So then the question remains, how are you supposed to do this when your "rebalancing" means adding to lower positions and no selling is required?
+1
by yosemite_mountain
Tue Aug 13, 2019 2:44 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How can I accomplish "Locking in Gains"

mhalley wrote:
Tue Aug 13, 2019 2:39 pm
Should have been more clear, rebalancing once a year IF ADDING NEW MONEY to underperforming assets does not maintain your aa within 5% of desired aa.
ADDING NEW MONEY to underperforming assets does maintain my aa
by yosemite_mountain
Tue Aug 13, 2019 2:35 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

Re: How do I "Lock in Gains"?

mhalley wrote:
Tue Aug 13, 2019 2:32 pm
Rebalancing once a year or so will do that for you if the market is up.
Using new contributions to buy under-weighted portions has been enough to maintain my desired asset allocation.
by yosemite_mountain
Tue Aug 13, 2019 2:30 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3427

How can I accomplish "Locking in Gains"

**EDIT** I plan on having a fixed asset allocation of 80:20 stocks/bonds for the next 15 years. Twice a month when I get paid, I direct new contributions to lower-performing portions of my portfolio. Using new contributions to buy under-weighted portions has been enough to maintain my desired asset ...
by yosemite_mountain
Thu May 23, 2019 3:18 pm
Forum: Personal Consumer Issues
Topic: Should I buy a used BMW 330E 2018?
Replies: 21
Views: 1507

Should I buy a used BMW 330E 2018?

I’ve leased a 2018 BMW 330E for about a year now. I love the car and I’m thinking of buying the same car (used 2018 BMW 330E) . I’m a new driver (only been driving for a year) as previously I lived in a place with very reliable public transportation. Stats Age: 31 Income: 130k a year base plus an ad...
by yosemite_mountain
Thu Apr 04, 2019 12:57 pm
Forum: Personal Investments
Topic: Is 30x expenses for financial independence an after-tax or pre-tax number?
Replies: 22
Views: 2947

Is 30x expenses for financial independence an after-tax or pre-tax number?

EDIT: I’ve edited my post . This is a hypothetical situation where I only have a taxable account and long term capital gains are taxed at 20%. Income from portfolio each year: Dividends & interest from taxable account: 90k Withdrawals from taxable account: 35k Total annual income: 125k Projected an...
by yosemite_mountain
Sat Mar 30, 2019 1:46 am
Forum: Personal Finance (Not Investing)
Topic: Those of you with alot of money, how did you do it?
Replies: 86
Views: 13180

Re: Those of you with alot of money, how did you do it?

- buy less house than you can afford The most I ever spent was 2x my income. Right now my home in a VHCOLA is around 18% of our household take home. Question When you say that "the most I ever spent on a house was 2x my income". Does that mean: 1) you kept house purchase price below 2x income OR 2)...
by yosemite_mountain
Tue Mar 26, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can future tax laws change such that Roth IRA earnings are taxed in retirement?
Replies: 3
Views: 738

Can future tax laws change such that Roth IRA earnings are taxed in retirement?

Roth IRA: Money is contributed post tax. Contributions can be withdrawn penalty free before retirement. The earnings are tax free when taken out in retirement.

Question:

Can future tax laws change such that Roth IRA earnings will be taxed even when the earnings are withdrawn after retirement age?
by yosemite_mountain
Tue Mar 26, 2019 4:50 pm
Forum: Personal Consumer Issues
Topic: Boeing 737 Max 8 Flight: Would you rebook?
Replies: 63
Views: 5340

Re: Boeing 737 Max 8 Flight: Would you rebook?

I'm scheduled to fly on a 737 Max 8, Ethiopian air, direct from ORD to Addis Abada at the end of August. The original flight was booked with miles via United. I'm debating the merits of rebooking. Right now, my best alternative looks to be a flight on KLM via Amsterdam. I have to leave a day earlie...
by yosemite_mountain
Fri Mar 22, 2019 5:12 pm
Forum: Personal Consumer Issues
Topic: Suggestions for an internet service provider that is NOT Comcast?
Replies: 15
Views: 1210

Suggestions for an internet service provider that is NOT Comcast?

Comcast sent me a bill of $180. It turns out that they have been incorrectly charging me for the past six months even though I moved out of the apartment over 6 months ago. After hours on the phone with customer reps, they have not reversed the charge. I work really hard for my money and I’m really ...
by yosemite_mountain
Mon Mar 18, 2019 11:18 pm
Forum: Investing - Theory, News & General
Topic: "How to Build a Portfolio You Don't Have to Babysit"
Replies: 18
Views: 2796

Re: "How to Build a Portfolio You Don't Have to Babysit"

Bogleheads: "Another reason to take a hands-off tack with your investments is to keep your stress level down. If you limit your checkups to a simple annual review, you’re less likely to sweat small market movements because you won’t see them reflected in your net worth." Best wishes. Taylor Thanks ...
by yosemite_mountain
Wed Feb 27, 2019 2:14 am
Forum: Personal Investments
Topic: Is this a wash sale?
Replies: 5
Views: 451

Is this a wash sale?

I sold Vanguard Total International ETF (VXUS) at a loss of $950 on 11/20/2018. Six days later, I bought Vanguard Total International Stock Index (VTIAX) on 11/26/2018. Questions: Can this loss be used to offset gains, or is this considered a wash sale? It was not reported as a wash sale on my Vangu...
by yosemite_mountain
Tue Feb 05, 2019 4:35 pm
Forum: Personal Investments
Topic: Investing money for use in 5-7 years
Replies: 31
Views: 2765

Re: Investing money for use in 5-7 years

That is not the same number of stocks. You will end up with LESS number of stocks unless you do it in Roth. Not 100% of 401k is yours. A part of it belongs to uncle Sam. Your Roth should already be 100% stock anyway as 100% of it is yours. Thats a good point johnsmithsf. I eventually would rebalanc...
by yosemite_mountain
Tue Feb 05, 2019 1:48 pm
Forum: Personal Investments
Topic: Investing money for use in 5-7 years
Replies: 31
Views: 2765

Re: Investing money for use in 5-7 years

Thank y’all for the responses! Since my taxable account in stocks is large enough, I’ll go with KlangFool and adam1712' s suggestion to keep all bonds in tax advantaged accounts for higher expected return. In a downturn I then can sell stock in my taxable account and buy back stock in tax advantaged...
by yosemite_mountain
Mon Feb 04, 2019 6:58 pm
Forum: Personal Investments
Topic: Investing money for use in 5-7 years
Replies: 31
Views: 2765

Re: Investing money for use in 5-7 years

Chuck wrote:
Mon Feb 04, 2019 6:07 pm
5-year CDs are all over 3% nowadays:

https://www.nerdwallet.com/blog/banking ... -cd-rates/

If you want to keep it in your brokerage, there are brokered CD's at 3.10% as well.
Thanks Chuck!

Question
Do I pay federal and state income tax on that 3% from the CD?
by yosemite_mountain
Mon Feb 04, 2019 6:51 pm
Forum: Personal Investments
Topic: Investing money for use in 5-7 years
Replies: 31
Views: 2765

Re: Investing money for use in 5-7 years

When the time comes you can then sell bonds in retirement accounts and sell stocks in taxable to effectively end up with money for the downpayment and your stocks in the retirement accounts. Thanks adama1712! Question Do you mean, (making numbers up) for instance in a downturn sell 100k of stocks i...
by yosemite_mountain
Mon Feb 04, 2019 4:51 pm
Forum: Personal Investments
Topic: Investing money for use in 5-7 years
Replies: 31
Views: 2765

Re: Investing money for use in 5-7 years

Vanguard Prime Money Market is currently at ~2.5% SEC yield. You could do the Vanguard Int-Term Treasury Index fund. Safe, low cost, but you can lose value. Not nearly as much as stocks. Thanks bloom2708! Question I'd have to pay federal and state ordinary income tax on the 2.5% yield in the Vangua...
by yosemite_mountain
Mon Feb 04, 2019 3:02 pm
Forum: Personal Investments
Topic: Investing money for use in 5-7 years
Replies: 31
Views: 2765

Investing money for use in 5-7 years

My asset allocation is 80:20 stocks:bonds. At the moment all my bonds are in my 401k and are invested in Vanguard Total Bond Market Index Fund. I plan to use part of the 20% bond allocation for a down payment in 5-7 years. Questions 1) In a taxable account, whats a good fund to park part of the bon...