Search found 1669 matches

by wrongfunds
Thu Jun 21, 2018 11:40 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2539

Re: Buy new truck before retiring?

Unless OP is financing and need to take the loan before retiring to show the income stream to the bank, what difference does it make whether he buys truck before or after the retirement? Why is that even a factor? Rest of all the analysis seems to be completely irrelevant.
by wrongfunds
Thu Jun 21, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 89
Views: 6789

Re: how to make friends in new location?

I know we are not allowed to use this forum for dating advice but astute reader should be able to see that all the advice given on this topic is fully applicable in case you have had those ulterior motives :-)
by wrongfunds
Thu Jun 21, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2539

Re: Buy new truck before retiring?

I am hooked on this math puzzle! Only one of you is right and it looks like I need a bigger napkin to find out who is right!
by wrongfunds
Wed Jun 20, 2018 8:40 pm
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 46
Views: 4874

Re: General Electric booted from Dow Jones Industrial Average

Kodak got booted out of DJIA in 2004 and since it has thrived tremendously. I see no reason why GE will not be able to follow Kodak path to become another wildly successful company. You guys are absolutely right that GE does not need to be part of antiquated DJIA club. Do I really need to put any sp...
by wrongfunds
Wed Jun 20, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4027

Re: Tracking spending before retirement useful for estimating retirement expenses?

I am all about spending what you saved in retirement but I can't see ever caring I under spend a budget as long as I enjoyed what I had spent and hadn't denied myself anything. But the internal cost vs benefit analysis that goes on in one's mind will be different if you are at budget vs significant...
by wrongfunds
Wed Jun 20, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 46
Views: 4874

Re: General Electric booted from Dow Jones Industrial Average

The Wizard wrote:
Tue Jun 19, 2018 5:04 pm
At some point, GE could be removed from the S&P 500 if it's still a separate entity by then.
That will be impressive...
At some later point, GE as a brand will be purchased by a Chinese (or Indian) conglomerate and circle of life will be then be complete.
by wrongfunds
Wed Jun 20, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13323

Re: Oh my! Cardone says we need $10m net worth

After reading WandringDOC, I think 10MM is just not enough. I think I need $100MM to feel financially secure.
by wrongfunds
Wed Jun 20, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16498

Re: Life in retirement - what did you do today?

Oh, I was supposed to look at your posting day aka "Saturday"? OK, I missed that! But the proper response would have been "Touche, you got me there!" and certainly not bringing jerkdom on him for pointing out that you had made a wrong assertion. And your assertion was called out. The sole reason for...
by wrongfunds
Wed Jun 20, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: Is technology the reason for low inflation?
Replies: 57
Views: 2733

Re: Is technology the reason for low inflation?

Couple more in the list, Tony Seba and Ray Kurzweil (please check the spelling) other futurist who envision a different (and better) tomorrow than today.
by wrongfunds
Wed Jun 20, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Is technology the reason for low inflation?
Replies: 57
Views: 2733

Re: Is technology the reason for low inflation?

mptfan, I wonder if you follow Peter Diamndis, founder of Singular University and his "abundance" philosophy. He is very interesting speaker and author. His 6-D theory speculates that technology makes previously scares things abundant and he gives lots of examples, starting with the most precious me...
by wrongfunds
Wed Jun 20, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16498

Re: Life in retirement - what did you do today?

I'm surprised by how many people are retired and still posting here. I know that I'm only on the forums when I'm at work, and never on the weekends or vacation. My retirement date will likely be the last time I'm ever here. never say never https://www.bogleheads.org/forum/viewtopic.php?f=2&t=231435...
by wrongfunds
Wed Jun 20, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: dryer vent cleaning--your thoughts?
Replies: 44
Views: 6428

Re: dryer vent cleaning--your thoughts?

I blow it clean from the inside, using a leaf blower. Me too. After 3 years of use, I thought it would be dirty. Nope. Pretty clean still This is exactly what I had to after I was having problem even after cleaning the complete innards of the dryer itself. Our laundry is also on the second floor an...
by wrongfunds
Wed Jun 20, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1107
Views: 86612

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

DanMahowny and matjen have so much time on their hands to comment on posts that are never an answer to the topic "To take or not to take delivery of Tesla 3" How else are they going to cover their short position on Tesla? What other reason do you think do they have for dropping their nuggets in thi...
by wrongfunds
Tue Jun 19, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8308

Re: Very confused with the current market

1990-2000-2008 all most every ten years You're depending on a twenty-year time period to extrapolate a general law. Take a look at this graph from macrotrends.net. It shows the history of the S&P 500 back to 1927. It's pretty obvious that there is no ten-year cycle (or any other regular pattern) in...
by wrongfunds
Tue Jun 19, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What If Your Plan Fails?
Replies: 49
Views: 4782

Re: Larry Swedroe: What If Your Plan Fails?

Bogleheads....reviving this thread. I reread the article from Larry, and then I took a look at Estrada's paper. And I thought about RAS and D-RAS. Pretty nifty metric, particularly D-RAS. I really would like to see a more in-depth examination of D-RAS. In the paper (pretty dense on math), Estrada a...
by wrongfunds
Sun Jun 17, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16116

Re: Should I take possession of a certified mail?

buccimane wrote:
Thu Jun 14, 2018 2:47 pm
wrongfunds wrote:
Thu Jun 14, 2018 1:15 pm
I am ready to bet that we do NOT hear back from the OP at all.
54 posts since 2013; meaning this is clearly somewhat important to OP. I am ready to wager with you :moneybag
OK; is there a deadline after which you will agree that he is not coming back?
by wrongfunds
Fri Jun 15, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13323

Re: Oh my! Cardone says we need $10m net worth

He may be a twerp (definitely comes across as one) but I am having hard time understanding how his advice is that far off from what is generally accepted advice here. We could change the number $10M to $3M but rest seems to be right on target. We could quibble about "where you cold lose your capital...
by wrongfunds
Fri Jun 15, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16498

Re: Life in retirement - what did you do today?

That said, at this point I am amazed at the affect of each OMY which essentially trades out an portfolio sucking expensive pre-FRA year for a much cheaper to my portfolio post-FRA SS and pension supplemented year. TheTimeLord; you definitely need to frame this and put in on your wall! Because if yo...
by wrongfunds
Fri Jun 15, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6296

Re: Taking $1M+ Long Term Capital Gains

Before it became $2M in capital gains, few years ago, it was $1M in capital gains. Before that it was measly $500K in capital gains. If you never thought of selling and taking the gains for last few years even when you had 7 figures in capital gains, what is making you to tackle this "big problem" t...
by wrongfunds
Fri Jun 15, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16498

Re: Life in retirement - what did you do today?

That said, at this point I am amazed at the affect of each OMY which essentially trades out an portfolio sucking expensive pre-FRA year for a much cheaper to my portfolio post-FRA SS and pension supplemented year. TheTimeLord; you definitely need to frame this and put in on your wall! Because if yo...
by wrongfunds
Thu Jun 14, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6296

Re: Taking $1M+ Long Term Capital Gains

Either get the income tax spreadsheet 2018 (the URL was found in this forum; I do not remember it though) or TaxCaster App on the phone to estimate your 2018 taxes. It should be trivial to figure that out.
by wrongfunds
Thu Jun 14, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6296

Re: Taking $1M+ Long Term Capital Gains

Any opinion of a sophisticated accountant in forum ? for a small small fee of $50,000 I will render my opinion (assuming I am that sophisticated accountant in forum) Seriously, please do more research on that "exchange fund" trick. I am afraid you will most likely find a serious flaw that you will ...
by wrongfunds
Thu Jun 14, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6296

Re: Taking $1M+ Long Term Capital Gains

Although I'm a big proponent of working through these things with tax software, the amount of tax you're talking about would justify going over this with your accountant before considering this. There is no such person today :happy Can there ever be such a person? I mean this looks as clear cut as ...
by wrongfunds
Thu Jun 14, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 7184

Re: Tesla Autopilot, worth it?

Good question. The two Model 3’s are for our adult sons and spouses in Chicago and Cincinnati.
I agree with you 100% that your two spouses should be kept away from each other.
by wrongfunds
Thu Jun 14, 2018 1:15 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16116

Re: Should I take possession of a certified mail?

I am ready to bet that we do NOT hear back from the OP at all.
by wrongfunds
Thu Jun 14, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11144

Re: Are you including SS in your planning model? Are the benefits really that high?

Nope. I am young enough that I make no assumptions about government benefits 30 years from now. Too much can change. BUT you are perfectly happy about making certain assumption about how US stock market will be doing from 30 years from now and have no fear that Chinese/Indians would have taken over...
by wrongfunds
Thu Jun 14, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Trade-up my $89 Walmart bike
Replies: 44
Views: 2565

Re: Trade-up my $89 Walmart bike

And never *listen* to any cyclist who has clip-on pedals on their bike. Those folks are in completely different stratosphere than us mere mortals who are doing just recreational biking. They have no memory of their earlier days and when they give you any advice, it is pretty much useless to you. I a...
by wrongfunds
Thu Jun 14, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16116

Re: Should I take possession of a certified mail?

what if the letter has some white substance in it? have you contacted your local law enforcement department? remember those type of scares in the past?
by wrongfunds
Thu Jun 14, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1107
Views: 86612

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

The layoffs are certainly bullish
Have bought in to the kool-aid that layoffs are absolutely great as long as it is not YOUR employer who is doing it to YOU?
by wrongfunds
Wed Jun 13, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16498

Re: Life in retirement - what did you do today?

I presently have 381 of those notifications, which I continue to ignore...
Really? IMHO, that is a perfect case of hit-and-run posting. If you are NOT interested in a topic, especially, if your DO NOT want any replies to your own reply, why bother putting it there in the first place?
by wrongfunds
Wed Jun 13, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16498

Re: Life in retirement - what did you do today?

But, some folks can't ignore my posts and it keeps showing up in my notifications that someone quoted me, so...
that happened because you actually made an entry here! By the way, to save you the trouble of getting extra notification, I did NOT quote you by the name; see I was so nice :-)
by wrongfunds
Wed Jun 13, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7013

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

If immigrants are not as welcome in the U.S. I would expect this number to fall. My last neighborhood was probably 25% immigrants and my current neighborhood is probably 50% immigrant. Both areas were high income. 100% of the houses sold in the community that I live in and the communities that my f...
by wrongfunds
Wed Jun 13, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: Trade-up my $89 Walmart bike
Replies: 44
Views: 2565

Re: Trade-up my $89 Walmart bike

There is a vast difference between the Walmart and a Trek (or say Specialized) bike. If you are willing to shop on internet and have the expertise to assemble and tune a bike in box, you could save some money. Otherwise having local bike store handle all that is worth that extra premium. Between the...
by wrongfunds
Tue Jun 12, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11144

Re: Are you including SS in your planning model? Are the benefits really that high?

afan wrote:
Tue Jun 12, 2018 8:04 am
I suppose for those in the 9 figure club that would be a disaster.
Anybody can be a millionaire. Just start with a billion dollar and start spending money like there is no tomorrow and soon you too can be a millionaire!
by wrongfunds
Mon Jun 11, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16498

Re: Life in retirement - what did you do today?

Tidied house for the maids who come this afternoon. Uh... aren't the maids supposed to do that? :shock: Yes, they are, but if you have ever been married, you should know how that really isn't ever the case. I lost that battle as soon it started. At least I now know that I am not alone. Ask me how o...
by wrongfunds
Mon Jun 11, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8869

Re: Indexing will fail investors in next decade

Not only land can be created out of water, the existing land can be build *up*. The last time I tilted up my head, there was no limit as to how high the things on the land can go! If you can't grow in X or Y axis, there is always Z axis for RE to spread out.
by wrongfunds
Mon Jun 11, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5069

Re: daughter wants a college transfer?

Cornell is notorious for its suicide rate. The area is known for its gorges, and some of those that are either on or close to the campus have nets to discourage kids from jumping. I have a neighbor that graduated from Cornell just a few weeks ago. One of her classmates jumped from a bridge into a g...
by wrongfunds
Mon Jun 11, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: The effect of a difficult last name on employment prospects...
Replies: 43
Views: 3514

Re: The effect of a difficult last name on employment prospects...

Go to silicon valley and find out how many CEOs have "mahabalkrishanasubramanyamswami" as their first name :-) Seriously, I understand name does sometimes unfairly gives preconceived notions to others. Anybody who tells me that "John" and "Akber" gets identical treatment in USA would not be telling ...
by wrongfunds
Sun Jun 10, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10058

Re: Why do we work?

We need to buy something since the current Arcam AVR400 is not functioning.
And to take care of this issue, you are buying another Arcam receiver :oops:
by wrongfunds
Sun Jun 10, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 100633

Re: Anyone regret paying off mortgage early?

We paid off our 15-year mortgage in 7 years and never looked back. Now we only need to pay property tax and do not have to worry about market up or down. If the market crashes tomorrow, our house is safe. Huh? Can you explain why you think so? How does market going up or down affects your monthly m...
by wrongfunds
Sun Jun 10, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5069

Re: daughter wants a college transfer?

what percentages of undergraduate students get in to a medical school? less than 1% ? Os is it even worse than that?
by wrongfunds
Sat Jun 09, 2018 2:01 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1107
Views: 86612

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

I suspect Tesla 3 will have very low depreciation until 2020. Once you can purchase 2020 off the lot, it will get hit with the standard depreciation. With 2 year waiting list, it does not have to obey the standard depreciation rules.
by wrongfunds
Sat Jun 09, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: Selected photos of my 4 week ride through the Balkans and the Eastern Dolomites
Replies: 17
Views: 2068

Re: Selected photos of my 4 week ride through the Balkans and the Eastern Dolomites

How were you able to take 2300 gorgeous photos while riding on the bike? The 65 photos posted makes it very hard to imagine that you had so many great vista points during your ride. It looks like you spent considerable amount of time, effort and walking/climbing to find perfect camera locations to c...
by wrongfunds
Sat Jun 09, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10058

Re: Why do we work?

Because when you're unemployed, there's no vacation.
My kind of guy!!!

When you are employed, you have vacation and NOT ONLY THAT, the vacation is finite too! I am scared of unlimited vacation :-)
by wrongfunds
Sat Jun 09, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11144

Re: Are you including SS in your planning model? Are the benefits really that high?

Wait until somebody pipes in and says "$40K won't pay for even one of our Viking River cruises!" "NO, SS benefits are NOT high at all when we are planning to have $400K income in retirement." Doesn't everybody on this forum aspire to be in the 8-figure club? Once you are there, SS benefits indeed ar...
by wrongfunds
Sat Jun 09, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5375

Re: Another home thread: 2mil / 40K in taxes

I have no suggestion but when you quote this earning power at age 32, I would certainly like to know the industry and the job specific so that I can get my future grand-kids in those fields. It is too late for me or my kids to change the careers at this stage.
by wrongfunds
Fri Jun 08, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4267

Re: How much to budget for a week long vacation for 2?

I understand you want numbers but I do not think you understand why you want them. It is obvious that vacation expenses are highly discretionary and there will always be vast range even among BH and among their different type of week long vacations. I am NOT trying to pick on you. I personally have ...
by wrongfunds
Fri Jun 08, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4267

Re: How much to budget for a week long vacation for 2?

You have got answers from as low as $2000 to as high as $25,000.

How does that really help you though? What would you plan for?
by wrongfunds
Fri Jun 08, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Withdrawal Rate considering Social Security
Replies: 21
Views: 2341

Re: Safe Withdrawal Rate considering Social Security

I-orp good too. I prefer firecalc. It's more conservative. In the examples I posted. The NPV of the SS payments from age 62 to 95 is about $300K. From 70 to 95 is about $330K. It can be looked at like this: with no SS the initial port value is $1M. SS at 62 is $1.3M. SS at 70 is $1.33M. The math wo...
by wrongfunds
Fri Jun 08, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Withdrawal Rate considering Social Security
Replies: 21
Views: 2341

Re: Safe Withdrawal Rate considering Social Security

firecalc gives a much better SWR vs the formula which is VERY conservative. Anyway, here's an example using the formula. PV = Your present net worth = $1M N = Number of years until age 70 = 10 SS = Annual social security benefit at 70 = $30K X = Annual safe withdrawal amount now. = $40K Here is the...