Search found 1745 matches

by manatee2005
Wed May 12, 2021 12:42 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1694
Views: 103229

Re: What are you listening to now

Don't know how to explain I'll just leave this here
https://youtu.be/t70UQr_fMgM
by manatee2005
Sun May 09, 2021 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 224
Views: 19522

Re: California Homebuying Insanity

... snip ... I get what you're saying but after 20 years of living in VHCOL it doesn't mean you can retire anywhere you want, for reasons other than money. I am looking at this now and it's tough to leave VHCOL after decades of living there because your friends are there, and not just that, but all...
by manatee2005
Sun May 09, 2021 3:42 am
Forum: Investing - Theory, News & General
Topic: I’m writing a really basic investor’s guide for my [adult children] - input welcome
Replies: 60
Views: 4488

Re: I’m writing a really basic investor’s guide for my kids - input welcome

How old are your daughters? There's a big difference in what you should include if they're 12 or 25.
by manatee2005
Sun May 09, 2021 3:39 am
Forum: Personal Finance (Not Investing)
Topic: Do the top 1% earn most of their income through investments?
Replies: 18
Views: 2272

Re: Do the top 1% earn most of their income through investments?

K8ya wrote: Sun May 09, 2021 3:36 am I've heard this but would think the lower top 1%, eg married doctors and other professionals, are still earning salary mostly. What do you guys think?
Business
by manatee2005
Sun May 09, 2021 3:32 am
Forum: Personal Consumer Issues
Topic: HOA Advantage
Replies: 110
Views: 7223

Re: HOA Advantage

There have been a number of posters who said they do not want to own a home with a Home Owners Association (HOA). So, I wanted to share an advantage that our HOA has established. Each year, the HOA publishes a list of service companies that have been used by and recommended by the home owners. This...
by manatee2005
Sun May 09, 2021 2:50 am
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 224
Views: 19522

Re: California Homebuying Insanity

Exactly, there’s lots of $200k jobs in LCOL. The remote jobs, medical, finance, etc And yes the $400k in LCOL is saving 5+ years of expenses annually. Because of their minimal housing expenses. Fastest path to financial independence (25x expenses). We can see why you didn't retype your comparison: ...
by manatee2005
Fri May 07, 2021 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 224
Views: 19522

Re: California Homebuying Insanity

Hello! After reading your post an majority of the responses, here is what I am thinking. Consider shopping around your resume out of state. I know this is brutal to even consider for a lot of people, but in my own personal journey of wealth acquisition, I can’t tel you how much better my life got w...
by manatee2005
Fri May 07, 2021 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 224
Views: 19522

Re: California Homebuying Insanity

Who are these people showing up with $3M cash to buy a house on the spot? Where is this money coming from, the tech industry? I don’t see that kind of liquid folks around where I live. It’s tech, but it’s also people who bought a while ago and are trading up. They have seen their home values increa...
by manatee2005
Fri May 07, 2021 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 224
Views: 19522

Re: California Homebuying Insanity

Hello everyone, I'm trying to buy a house in a VHCOL area of Southern California, and I'm trying to figure out how I can do this while still respecting Boglehead principles. Everything in this market feels like a ripoff. The market here is INSANE right now. We're looking at homes in the $1M - $1.6M...
by manatee2005
Fri May 07, 2021 11:10 pm
Forum: Personal Consumer Issues
Topic: Do you still read the print newspaper?
Replies: 84
Views: 3160

Re: Do you still read the print newspaper?

I stopped reading newspapers in 1998.
by manatee2005
Wed May 05, 2021 12:10 am
Forum: Personal Investments
Topic: I sold off all my (modest) crypto holdings this morning
Replies: 87
Views: 10286

Re: I sold off all my (modest) crypto holdings this morning

davibi02 wrote: Tue May 04, 2021 10:57 pm Any recommendations on handling taxes? I've been mining ETH this year and apparently I'm supposed to be recording the payouts in USD at the time of receipt. If I sell some, but not all, how do I know which "coin" I am selling to determine the gains?
This is why I don't mine
by manatee2005
Mon May 03, 2021 7:25 pm
Forum: Personal Investments
Topic: I sold off all my (modest) crypto holdings this morning
Replies: 87
Views: 10286

Re: I sold off all my (modest) cryto holdings this morning

My mom told me teenagers that work with her are buying crypto. Mostly first time foray into stocks for these youngsters. Quote that comes to mind: "Somebody gonna get hurt, real bad..." I'm a middle school teacher with students trading cryptos and meme stocks. Yet you need to be 21 to gam...
by manatee2005
Sun May 02, 2021 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 241
Views: 13079

Re: The primary factor for picking a College/University is out of pocket cost

$40K isn't a minor indulgence for me, I am a single mom and earn just $80K a year (seems like a lot of Bogleheads are in the 6 figures category and will have millions upon retirement). But spread out over 4 years with the lower cost of living is something I can live with if it means my daughter get...
by manatee2005
Sat May 01, 2021 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

Man, I would be annoyed if I "went away to college" and my parents followed me. :happy I have a friend with his "salmon fishing house", his "beach house", a "ski house", and a "lake house". He somehow makes it work, but every time I talk to him he i...
by manatee2005
Fri Apr 30, 2021 1:47 pm
Forum: Personal Consumer Issues
Topic: Help me buy my son a 5K new used car....
Replies: 55
Views: 3561

Re: Help me buy my son a 5K new used car....

Buy him a Tesla 3.

What was his major?
by manatee2005
Fri Apr 30, 2021 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

I was thinking about Elon Musk comments about how humanity has to be a multiplanetary species and I decided that I should become a multi state family. I was thinking of buying a house in Austin and a car so that I am duplicating everything there. It would have been very useful during corona to be a...
by manatee2005
Wed Apr 28, 2021 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

Wouldn't it be much cheaper to rent a home for the 6 months you would be away from your home base, assuming you want to keep residency in a particular location? Or, even buying a rock-star RV, you would be able to sample the local "vibe" wherever you go. Don't like it after sampling for a...
by manatee2005
Wed Apr 28, 2021 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

Man, I would be annoyed if I "went away to college" and my parents followed me. :happy I have a friend with his "salmon fishing house", his "beach house", a "ski house", and a "lake house". He somehow makes it work, but every time I talk to him he i...
by manatee2005
Mon Apr 26, 2021 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

Where's your primary home located? Austin sounds great, it'll provide a different place than you're currently at: You'll have immediate access to mountains for skiing and ocean beaches. Mild weather. No traffic to combat. Low property taxes for that sporadically used home. 50 years old, little use/...
by manatee2005
Mon Apr 26, 2021 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

Where's your primary home located? Austin sounds great, it'll provide a different place than you're currently at: You'll have immediate access to mountains for skiing and ocean beaches. Mild weather. No traffic to combat. Low property taxes for that sporadically used home. 50 years old, little use/...
by manatee2005
Mon Apr 26, 2021 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

The reason why I picked Austin as my first one is that my son will be going to college around that area so it's convenient. I also wouldn't be downtown Austin but on the outskirts, in a place with 10 acres minimum. I have prepper friends that are doing everything you are talking about, in Wyoming. ...
by manatee2005
Mon Apr 26, 2021 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

It’s not clear why you want to do this. My opinion is that life gets complicated enough without intentionally making it more complicated. I thrive on chaos and complications. I will sometimes watch 2 movies at the same time (one on tv, one on laptop, subtitles on) while listening to music on my pho...
by manatee2005
Mon Apr 26, 2021 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

Where's your primary home located? Austin sounds great, it'll provide a different place than you're currently at: You'll have immediate access to mountains for skiing and ocean beaches. Mild weather. No traffic to combat. Low property taxes for that sporadically used home. 50 years old, little use/...
by manatee2005
Mon Apr 26, 2021 3:21 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

I've considered something like this and what stops me, other than the initial set-up & purchase costs, is the required maintenance, costs of running (water, power, security, internet, etc), property taxes and travel headaches. I should note that I would expect my properties to be roughly equiva...
by manatee2005
Sun Apr 25, 2021 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Re: Becoming a multi state household

Okay, I'll bite. What are you escaping from? Another COVID-19 like outbreak? If you wanted to go somewhere to get away from a pandemic or other major disruptions, Austin wouldn't be the first place that pops into my mind. Any big city wouldn't be in my top 100 choices. Any place with a high density...
by manatee2005
Sun Apr 25, 2021 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a multi state household
Replies: 44
Views: 4556

Becoming a multi state household

I was thinking about Elon Musk comments about how humanity has to be a multiplanetary species and I decided that I should become a multi state family. I was thinking of buying a house in Austin and a car so that I am duplicating everything there. It would have been very useful during corona to be ab...
by manatee2005
Sun Apr 25, 2021 3:21 am
Forum: Personal Consumer Issues
Topic: Where to travel with grandparents if they don’t like the beach and can’t walk too far
Replies: 54
Views: 5039

Re: Where to travel with grandparents if they don’t like the beach and can’t walk too far

It doesn’t seem like they like travel so I wouldn’t take them anywhere.

Drop off your kids at the parents and have a second honeymoon in Bali.
by manatee2005
Sun Apr 25, 2021 2:42 am
Forum: Personal Finance (Not Investing)
Topic: Thank you!
Replies: 21
Views: 2350

Re: Thank you!

Fidelity HSA
by manatee2005
Sat Apr 24, 2021 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?
Replies: 148
Views: 17610

Re: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?

The downside is the daily disappointment you are no longer living in California. Anywhere worth living is expensive. Is cashing out to live where others don’t want to (when you don’t need to) really worth it? A large part of cost of living has nothing to do with "worth living" but mostly ...
by manatee2005
Sat Apr 24, 2021 12:35 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 215
Views: 16947

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

In California if you make under 80k per year and your kid gets in UCLA or Berkeley, it’s absolutely free. If you get into Harvard/Yale, it’s $300k only if your parents are rich. If your parents are poor it’s very cheap. I don’t see why Americans would go to Europe for college. I don’t know anyone w...
by manatee2005
Sat Apr 24, 2021 12:31 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 215
Views: 16947

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

In California if you make under 80k per year and your kid gets in UCLA or Berkeley, it’s absolutely free. If you get into Harvard/Yale, it’s $300k only if your parents are rich. If your parents are poor it’s very cheap. I don’t see why Americans would go to Europe for college. I don’t know anyone w...
by manatee2005
Sat Apr 24, 2021 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?
Replies: 148
Views: 17610

Re: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?

Currently, I reside in northern California. We like it a lot, nice weather, friendly people etc. but want to consider retiring elsewhere. CA Sales tax is 8% Property tax is 1% of purchase price, capped increase. We'll move to a new house, cost about $750K so about $7,500 per year State Income tax i...
by manatee2005
Sat Apr 24, 2021 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?
Replies: 148
Views: 17610

Re: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?

The downside is the daily disappointment you are no longer living in California. Anywhere worth living is expensive. Is cashing out to live where others don’t want to (when you don’t need to) really worth it? A large part of cost of living has nothing to do with "worth living" but mostly ...
by manatee2005
Fri Apr 23, 2021 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?
Replies: 148
Views: 17610

Re: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?

Currently, I reside in northern California. We like it a lot, nice weather, friendly people etc. but want to consider retiring elsewhere. CA Sales tax is 8% Property tax is 1% of purchase price, capped increase. We'll move to a new house, cost about $750K so about $7,500 per year State Income tax i...
by manatee2005
Fri Apr 23, 2021 2:19 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 215
Views: 16947

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

A college professor here. While this is not always the case, you FREQUENTLY get what you pay for (there are definite exceptions to this). I interviewed at a large number of schools, some large R1s to small state schools. From what I've seen, when my children look at colleges I will sway them more t...
by manatee2005
Fri Apr 23, 2021 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?
Replies: 148
Views: 17610

Re: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?

Currently, I reside in northern California. We like it a lot, nice weather, friendly people etc. but want to consider retiring elsewhere. CA Sales tax is 8% Property tax is 1% of purchase price, capped increase. We'll move to a new house, cost about $750K so about $7,500 per year State Income tax i...
by manatee2005
Fri Apr 23, 2021 12:16 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 215
Views: 16947

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

A college professor here. While this is not always the case, you FREQUENTLY get what you pay for (there are definite exceptions to this). I interviewed at a large number of schools, some large R1s to small state schools. From what I've seen, when my children look at colleges I will sway them more t...
by manatee2005
Fri Apr 23, 2021 12:13 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 215
Views: 16947

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

I was a university professor at an R1 university for 31 years. My kids took AP classes in high school. I talked to MANY students in college that took AP classes. My conclusion - and that of most faculty - was that AP classes are a joke. You should not imagine that having a high school teacher teach...
by manatee2005
Thu Apr 22, 2021 9:14 pm
Forum: Non-US Investing
Topic: I want 15% yearly ROI. How to go about it? [Croatia]
Replies: 146
Views: 13696

Re: I want 15% yearly ROI. How to go about it?

If I would like to earn on average 15% from my portfolio investments, how to go about it? Let's assume I can tolerate any risk and my time horizon is 30 years. Wall Street Bets on Reddit I've browsed before but can't stand the interface. It's a mess with all the colors, emojis, memes, etc. What thr...
by manatee2005
Tue Apr 20, 2021 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 492
Views: 34953

Re: "Nobody's ever regretted paying off the mortgage."

VtsaxParade wrote: Tue Apr 20, 2021 10:17 pm Well the thread is about paying off a mortgage. Without a mortgage, 40k expenses is pretty doable.
Even with a paid off mortgage they still have property tax.
by manatee2005
Tue Apr 20, 2021 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 492
Views: 34953

Re: "Nobody's ever regretted paying off the mortgage."

"Nobody" as in anyone ever in the history of the humankind? There's at least someone who's regretted paying off the mortgage at some point. Though generally speaking, it is a good feeling and likely that the majority of the people paying off the mortgage believe its a good decision. Just ...
by manatee2005
Tue Apr 20, 2021 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 492
Views: 34953

Re: "Nobody's ever regretted paying off the mortgage."

Paying off our home first worked out extremely well for us. We built super strong habits and have since accelerated our savings rate while establishing and not deviating from a solid IPS. > Lesson: Less likely to screw up, sense of achievement, and habit forming -> easy transition to investing and ...
by manatee2005
Tue Apr 20, 2021 9:10 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 492
Views: 34953

Re: "Nobody's ever regretted paying off the mortgage."

“Nobody ever regretted paying off the mortgage” Only Sith deal in absolutes. My friend has a 1 mil house paid off, when I told him I doubled my money in the market in 2020 he regretted paying it off. Only doubled? Clearly you missed the BTC runup. Should we start a new topic: "Nobody ever regr...
by manatee2005
Tue Apr 20, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 492
Views: 34953

Re: "Nobody's ever regretted paying off the mortgage."

In other words, when should one de-risk and take the guaranteed 3% return? Triple digit golfer, My answer when your portfolio and EF is big enough. In my case, it meant portfolio = 25X and the EF = 3X. KlangFool Correct me if I'm wrong, but it seems that you'd only pay anything extra on a mortgage ...
by manatee2005
Tue Apr 20, 2021 7:56 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 492
Views: 34953

Re: "Nobody's ever regretted paying off the mortgage."

“Nobody ever regretted paying off the mortgage”

Only Sith deal in absolutes.

My friend has a 1 mil house paid off, when I told him I doubled my money in the market in 2020 he regretted paying it off.
by manatee2005
Tue Apr 20, 2021 7:51 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 241
Views: 13079

Re: The primary factor for picking a College/University is out of pocket cost

It’s alarming to me when I see the word dream right before the word university. There are more than 300 universities, why fixate on one “dream university”.
I’ll give you the answer. It’s a way for humans to justify the cost, by saying it’s a dream university they are more willing to overpay.
by manatee2005
Tue Apr 20, 2021 7:15 am
Forum: Investing - Theory, News & General
Topic: There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market
Replies: 70
Views: 8928

Re: There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market

I won't invest a cent until I see the technicals. I live and die by the fibonacci numbers. Btw, fibonacci ran a helluva deli himself back in the day. Isaac newton too. The queue was always in motion. Waldorf salad looked a bit mushy, though, and they were pretty stingy when it came to conservation ...
by manatee2005
Sun Apr 18, 2021 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 146
Views: 12768

Re: Buying a Home in SoCal

cowbman wrote: Sun Apr 18, 2021 10:23 am 3ROOTS, while affordable (by San Diego standards) is also going to include over 50% "affordable housing units." I'm concerned about this for multiple reasons.
I've always had a lot more pleasant interactions with poor people than rich people.
by manatee2005
Sun Apr 18, 2021 2:39 pm
Forum: Personal Consumer Issues
Topic: Vinyl Fence
Replies: 45
Views: 3241

Re: Vinyl Fence

Hello, I need to get my iron fence that's falling apart replaced and I'd like to replace it with a vinyl fence. It's about 25 feet long including a 4ft gate. Ground is pretty level and the fence is basically just a straight line from one wall to another. Judging from some admittedly dated discussio...