Search found 1036 matches

by wrongfunds
Wed Feb 07, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: No Emergency Funds yet Major Car Emergency
Replies: 47
Views: 2995

Re: No Emergency Funds yet Major Car Emergency

was the light red or yellow? an extremely simple rule if you do not understand cars; do not drive when red light comes on; if yellow light comes on, you can still drive.
by wrongfunds
Wed Feb 07, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: what to do with patent plaques and other work awards?
Replies: 45
Views: 2756

Re: what to do with patent plaques and other work awards?

I am impressed with this humble brag! Should I start a new topic about what to do with a room full of older stack of $100 bills? :-)
by wrongfunds
Tue Feb 06, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 3614

Re: Market Timing

assuming market timing actually works, don't you still need to account for the time delta and the price differential between making the decision and executing the trade? once your algorithm decides to take the action on specific price point, the trade itself most likely does not execute at that exac...
by wrongfunds
Tue Feb 06, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: Market Drop - A Perspective (2.6.18)
Replies: 12
Views: 2564

Re: Market Drop - A Perspective (2.6.18)

when is the bitcoin perspective coming?
by wrongfunds
Sun Feb 04, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: Relearning Calculus
Replies: 81
Views: 5981

Re: Relearning Calculus

Real analysis is beautiful. There isn't enough beauty in the world, which should be enough reason to study it. But I'm not sure it will tell you what you want to know or make you a better engineer. There are places between real analysis and rote application of calculus that might be a better fit. I...
by wrongfunds
Sun Feb 04, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: What would you do with this car?
Replies: 27
Views: 1352

Re: What would you do with this car?

Or sell your Gulfstream instead! You do have one, correct?
by wrongfunds
Tue Jan 30, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Still working out of greed or fear?
Replies: 46
Views: 4929

Re: Still working out of greed or fear?

Sequence of Returns. The Bull has been fantastic. But, I'd feel better after seeing a decent correction (20-30%) before I can assess what my true net worth is. I don't think this is believable. If you feel uncomfortable with this bull run, it is given that you will be lot more depressed if the mark...
by wrongfunds
Tue Jan 30, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 16
Views: 1368

Re: New job offer

Since you are working with a recruiter, tell him to find another opportunity. Going from PTO of 20 days to PTO of 10 days means, you are losing 2 weeks of pay which is equivalent to 4% cut in your base pay. You could similarly count the loss of 401K match. You could also put a financial price to lac...
by wrongfunds
Tue Jan 30, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Certified Used BMW, Audi or Mercedes
Replies: 53
Views: 3913

Re: Certified Used BMW, Audi or Mercedes

As far as I can see, Lexus CPO looks like exclusion warranty. I had shopped for it in 2012 and I have no current experience. Personally, any other type of warranty is no use to me. I almost never buy extended warranty to begin with. ======================= WARRANTY Lexus confidently stands behind th...
by wrongfunds
Mon Jan 29, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Certified Used BMW, Audi or Mercedes
Replies: 53
Views: 3913

Re: Certified Used BMW, Audi or Mercedes

Lexus lists what is NOT covered in their warranty. I think tires and brakes and similar consumables are the only items listed which are NOT covered. This type of warranty is called "exclusionary warranty". If manufacturer does NOT have that type of warranty, it is pretty useless as used car warranty...
by wrongfunds
Mon Jan 29, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Keeping a new BMW shiny!
Replies: 27
Views: 2319

Re: Keeping a new BMW shiny!

Minimize *anything* touching the finish of the vehicle. Improper washing even done by hand (and never via brushed automatic car washes) will put the swirl marks and scratches on the car. This is just physics.
by wrongfunds
Mon Jan 29, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: Which of these mechanic-recommended services would you pay for?
Replies: 55
Views: 3712

Re: Which of these mechanic-recommended services would you pay for?

The OP has "mystery asset" as indicated in his previous postings. We all tried to guess it at that time. May be this is it? I recall he insisted that he expect it to appreciate it over years and if I recall it was over $100K. BUT if that is the case, these mechanic services are dirty cheap aka they ...
by wrongfunds
Sun Jan 28, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 7898

Re: How do you decide how wealthy you really are?

CppCoder wrote:
Fri Jan 26, 2018 9:32 pm
Let net worth be defined as X. Then, wealthy is defined as 2*X, for all values of X.
+100

This is how we all view wealthy vs non-wealthy. BUT there are some exception because few of the participants here have came out and said that they are wealthy. But for everybody else, your rule applies.
by wrongfunds
Sun Jan 28, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 10244

Re: The biggest problem in retirement is spending (not)

As others have noted, another reason to hang onto a good portion of retirement savings is the potential for higher costs during the last years. My wife's frail, late 90s mother lives in a retirement community with base-level costs around $50K per year. However, she is now entering her fourth year o...
by wrongfunds
Sun Jan 28, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: BMW All Surface Protection Program
Replies: 11
Views: 710

Re: BMW All Surface Protection Program

These add on are essentially gimme to the dealer. The value of that thing is under $50. Not only they take $1200 from you now, they will also insist that you bring the vehicle back to them for "refresh" and that will cost you money. These are the things to avoid like plague when purchasing a vehicle...
by wrongfunds
Sat Jan 27, 2018 11:21 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37354

Re: To take or not to take delivery of Tesla 3

Somebody said that since the default color is NOT multi-coat, it will fade in the long run. I don't want to believe that but that possibility exists. I do know that some manufacturers did have problems with some of the colors having problems after few years (e.g. Honda/Acura and some of the colors)
by wrongfunds
Sat Jan 27, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat the urge to spend?
Replies: 68
Views: 3656

Re: Strategies to combat the urge to spend?

Congrats on your steps in the right direction. A content and frugal disposition is a wonderful thing. The most inspiring site I've found for making me excited about non-consumption is Mr. Money Mustache. Some recommended starting points: "Is it convenient? Would I enjoy it? Wrong question" -- http:...
by wrongfunds
Sat Jan 27, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37354

Re: To take or not to take delivery of Tesla 3

Were you actually able to test drive Model 3?
by wrongfunds
Fri Jan 26, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Cost of living comparison (HCOL vs LCOL)
Replies: 85
Views: 5918

Re: Cost of living comparison (HCOL vs LCOL)

I think to be able to use the "urbanized" definition in the sense of NYC, one would have to assume ability to live in a place where private vehicle is not needed for the daily life. Is that too strict definition? Obviously, this definition does NOT work outside the developed world! How about able to...
by wrongfunds
Thu Jan 25, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23604

Re: 401k millionaires

Found something but a typical BH might just throw up reading this as it is specifically designed to sell advisory services. When I read it, it almost felt like I was stealing my opponent's game plan :-) However, this NOT study is NOT associated with the original topic. “With the percentage of Gen X/...
by wrongfunds
Thu Jan 25, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23604

Re: 401k millionaires

Me too; I am really impressed! I wish I had found BH earlier or at least knew about indexed funds. I am guessing that if I had not gambled my retirement money on the internet stocks of late nineties, I too would have had million in 401K. I have been maxing out since that time.
by wrongfunds
Thu Jan 25, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23604

Re: 401k millionaires

I maxed out my 401k from when I was first eligible to get one (at 20) and still do (at 50). This included a range from when I was single through married, no kids, though married with two kids. During that time my income ranged from below median, to median, to 3x median as my career progressed. Were...
by wrongfunds
Thu Jan 25, 2018 1:47 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23604

Re: 401k millionaires

By the way, I went to Fidelity and I could not find the original research on which the NYTimes article is based upon. On Fidelity site, I got the same NYTimes article after searching. Anybody has link to the original Fidelity research?
by wrongfunds
Thu Jan 25, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23604

Re: 401k millionaires

I recall when Mitt Romney had many millions in his 401K, some of us tried to figure out if it would be even possible to have vast amount in 401K account given the historical max limits on the annual contribution. I recall the conclusion was we needed to have FANG type equities purchased at pre-IPO p...
by wrongfunds
Thu Jan 25, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: 22 yo with 70k new to investing with almost entire salary going towards savings
Replies: 22
Views: 2142

Re: 22 yo with 70k new to investing with almost entire salary going towards savings

I am glad that both you and your parents actually like the idea of you staying with them. I would love my children to be able to do that but they have taken jobs in different geographical locations. I can guess that your parents are immigrants and most likely came from East Asia but that is really i...
by wrongfunds
Wed Jan 24, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: 22 yo with 70k new to investing with almost entire salary going towards savings
Replies: 22
Views: 2142

Re: 22 yo with 70k new to investing with almost entire salary going towards savings

because of how low my income is,
I am shocked, really shocked, that with "only* $125K per year income, you have had the audacity to even join this forum!






Do I have to put some funny tag for people to understand implied sarcasm?
by wrongfunds
Wed Jan 24, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: Lower tax rates for 7 yrs.-Are you switching to Roth 401K
Replies: 65
Views: 5666

Re: Lower tax rates for 7 yrs.-Are you switching to Roth 401K

I want everyone else to do the ROTH investing. That way my government will get enough tax revenue so that it will not have to come after me :-)
by wrongfunds
Wed Jan 24, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Nassim Taleb on Bitcoin
Replies: 21
Views: 3124

Re: Nassim Taleb on Bitcoin

You should have put the money on IBM


:-)
by wrongfunds
Tue Jan 23, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37354

Re: To take or not to take delivery of Tesla 3

Does Tesla release Factory Service Manual? In 30 years, I had never purchased a car without also buying FSM
by wrongfunds
Tue Jan 23, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of living comparison (HCOL vs LCOL)
Replies: 85
Views: 5918

Re: Cost of living comparison (HCOL vs LCOL)

the new employer is using low housing cost as justification to pay less. What is your reason to even talk with the new employer if your paycheck is going to drop by 50% ? Are you unemployed right now and is this your only option? Only reason somebody accepts a lower paying job if they have no other...
by wrongfunds
Tue Jan 23, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 67
Views: 4552

Re: New Brake Pads

who said that? dealer has given him reasonable price and I am telling him NOT to price shop. That approach eventually ends in disaster.
by wrongfunds
Tue Jan 23, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 67
Views: 4552

Re: New Brake Pads

Thanks for all the replies! Only thing you guys didn't mention was telling me how easy it is to do an oil change and do it myself :wink: I called a local place today I wanted to get a quote from, and they didn't want to give me one until they looked at my car and they are booked until February 16. ...
by wrongfunds
Mon Jan 22, 2018 4:15 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 67
Views: 4552

Re: New Brake Pads

The last straw was the infamous Honda screw on rotors. Seriously, if you are a newbie, you do NOT want to tackle that! It absolutely floored me that knowing this, OP was encouraged to go ahead and do the brake job himself. It almost borders on being as irresponsible and cruel advice and that is why ...
by wrongfunds
Mon Jan 22, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer money to family members to take advantage of lower tax rates
Replies: 35
Views: 3425

Re: Transfer money to family members to take advantage of lower tax rates

I hope you don't mind me asking more questions.

So by donating appreciated shares, the donor has to reduce the lifetime exception by FMV but the receiver has to treat it as if he only received "tax-free gift" amount which is equivalent to the original cost rather than the FMV.
by wrongfunds
Mon Jan 22, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: 5GB iCloud storage vs 128GB iPhone
Replies: 16
Views: 1155

Re: 5GB iCloud storage vs 128GB iPhone

Even the photos are backed up by Google, the dates/name/order/size(?) gets messed up when the photos get uploaded or downloaded. Some photos have chronological image name and some ends up with cryptic names. SpaethCo suggestion to ignore the dire warning seems to be the best and he seems to have gon...
by wrongfunds
Mon Jan 22, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer money to family members to take advantage of lower tax rates
Replies: 35
Views: 3425

Re: Transfer money to family members to take advantage of lower tax rates

I don't think I have received the answer to the original question. When appreciated assets are gifted away, what happens to the capital gains? Does the tax on it gets waived? I am asking about the "live" gift here. Is the concept similar to DAF that some of you are discussing lately aka way to legal...
by wrongfunds
Mon Jan 22, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 522
Views: 52366

Re: Picking College and College Scholarships

itstoomuch wrote:
Sun Jan 21, 2018 6:40 pm
The Patriots did it again :oops:
Huh? I know we are the most hated team in the USA but what does it have to do with the topic on hand or on "thumb"?
by wrongfunds
Mon Jan 22, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Transfer money to family members to take advantage of lower tax rates
Replies: 35
Views: 3425

Re: Transfer money to family members to take advantage of lower tax rates

OP, the recipient of the gift inherits your cost basis for capital gains purposes. If I understand it correctly, let's say you gifted stock worth $1,000,000 today, but your cost basis was $200,000. If the recipient then sells the stock immediately, his capital gains will be $800,000, and *poof*, no...
by wrongfunds
Mon Jan 22, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 67
Views: 4552

Re: New Brake Pads

Yes, I understand your point but it was made perfectly clear that OP had zero knowledge or intention to acquire that knowledge. There was no point to tell a newbie to just do their own pad replacement even though you yourself know for sure that the guy would never be able to get those screws off wit...
by wrongfunds
Mon Jan 22, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: 5GB iCloud storage vs 128GB iPhone
Replies: 16
Views: 1155

Re: 5GB iCloud storage vs 128GB iPhone

I think my problem is very simple and I am looking for solution which should be simpler. The entire iCloud protocol made sense when you had 2GB phone and 5GB iCloud storage. With 128GB phone and 5GB storage, the cloud backup becomes completely stupid. The Apple's insistence of deleting photos if it ...
by wrongfunds
Sun Jan 21, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: 5GB iCloud storage vs 128GB iPhone
Replies: 16
Views: 1155

5GB iCloud storage vs 128GB iPhone

I am getting fed up with the constant messages on my phone about running of iCloud storage. I do not care. I want to disable the messages but there seems to be no way. To make matters worse, any time a photo is opened, it complains about the iCloud storage. I want to be able to remove any connection...
by wrongfunds
Sun Jan 21, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 5358

Re: Discussing a 529 with your kids

Best advice on child rearing is *always* given by somebody who is childless. Take it any way you want to interpret this snarky comment.
by wrongfunds
Sun Jan 21, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 67
Views: 4552

Re: New Brake Pads

Looks like dealer is good and price is good. ask them to measure the rotors first including thickness and the run-out. you don't want them to cut them if after cutting they are on the borderline. does your car vibrate on heavy braking? ignore people who are telling you to change the pads yourself. y...
by wrongfunds
Sat Jan 20, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14341

Re: Stats on When People Take Social Security

I know that SS will increase by abut 8% but In the last 10 years my Ira has increased by 13% per years.
Exactly! We all know that for next 5 years market is going to do lot better than 8% per year :oops:
by wrongfunds
Fri Jan 19, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Any Instant Pot users here?
Replies: 102
Views: 11180

Re: Any Instant Pot users here?

goat mutton curry cooking time was cut in half! we were expecting that 25 minute cooking would not be enough and were fully prepared to cook again but were surprised to find that the meat was done. It took little bit more than 5 minute for the pot to built up steam and we waited 20 minute after the ...
by wrongfunds
Fri Jan 19, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14341

Re: Stats on When People Take Social Security

Thanks for your reply! It is indeed very personal and to be perfectly honest still mostly emotional decision rather than a cold calculated logical one in either case.
by wrongfunds
Fri Jan 19, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37354

Re: To take or not to take delivery of Tesla 3

Finally came across a bad review; Brand spanking new M3 dies on the road immediately after taking the delivery

https://www.youtube.com/watch?v=Vtp1PH6Pjak
by wrongfunds
Fri Jan 19, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14341

Re: Stats on When People Take Social Security

2)Folks stress the longevity insurance that SS provides, and that is certainly true. And it's better than what the annuity marketplace offers. But, I did not find the dollar difference between payments at age 62 and age 70 to have any possibility of being life-changing for us. Of course, the percen...
by wrongfunds
Fri Jan 19, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37354

Re: To take or not to take delivery of Tesla 3

OP here After watching quite a few Model 3 owners posting their youtube reviews, I am now strongly inclined to take the delivery when the invitation arrives. I expect it to arrive pretty soon. I suspect Elon's team hunt for any bad Model 3 review and immediately shut it down. I mean, how else is it ...
by wrongfunds
Thu Jan 18, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34882

Re: Year 2000 retirees using the '4% rule' - Where are they now?

But yet I still don't feel entirely comfortable being able to walk away, especially given that (1) the stock market is at all-time highs I am willing to bet with you that if the stock market was crashing right now, you will NOT walk away AT ALL! On the contrary, that will be your number 1 reason to...