Search found 1988 matches

by wrongfunds
Thu Sep 05, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Extended Car Warranty
Replies: 24
Views: 1573

Re: Extended Car Warranty

adamthesmythe wrote:
Tue Sep 03, 2019 10:33 am
I wouldn't buy a car that I thought would need an extended warranty.
EXACTLY
by wrongfunds
Tue Sep 03, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: Seeking WiFi solution
Replies: 35
Views: 2571

Re: Seeking WiFi solution

Roaming is handled in most all cases by the client and not the AP . Have you done a wifi survey? Free tools like netspot can help determine where signals are strong or weak. You probably want APs to be on different channels. That is where Mesh network shines. Roaming is now handled via cooperation ...
by wrongfunds
Tue Sep 03, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: Not gaining weight on vacation?
Replies: 115
Views: 5490

Re: Not gaining weight on vacation?

one particular credit card that provides me with free breakfast
Can you please disclose the name of this card?
by wrongfunds
Sun Sep 01, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: for those diy’ers - how easy is it to replace an alternator?
Replies: 22
Views: 1667

Re: for those diy’ers - how easy is it to replace an alternator?

Not sure why you would be considering alternator replacement at 90K 4 years time frame on a Japanese car. That is too early to proactively think about it. If you have any symptoms, that is a different story.
by wrongfunds
Sun Aug 04, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43285

Re: Talk me out of buying a Tesla Model 3

Good; all is well with the forum and humanity knowing that you still hate Model 3. it gives me good feelings that world has not turned upside down. One of these days, I am going to re-read all of these Tesla Model 3 threads in this forum. There were few before this one. Were we ever able to talk any...
by wrongfunds
Sun Aug 04, 2019 8:41 am
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 10884

Re: Insane to buy a sports car?

My '75 BMW 2002, which I got for $12k two years ago
IS there a typo? Later in the paragraph, he also mentions being able to afford the entire engine rebuild on it if needed. Something is not computing.
by wrongfunds
Sat Aug 03, 2019 1:03 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 10884

Re: Insane to buy a sports car?

The only thing wrong with your post is thinking you need approval from a bunch of us idiots on the Internet. Seriously. Bogleheads is not about how people should live their lives. The "can I afford this house" threads are one thing, but IMO most of these "can I afford this car" threads are thinly-v...
by wrongfunds
Sat Aug 03, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43285

Re: Talk me out of buying a Tesla Model 3

If anybody wants a good reason why NOT to buy a Tesla today here is a good one:-

Because buying a Tesla car is like buying a high end TV with self-propelled 4 wheels"; If you can wait for 6 more months, it will be cheaper.
by wrongfunds
Sat Aug 03, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43285

Re: Talk me out of buying a Tesla Model 3

FoolStreet wrote:
Fri Aug 02, 2019 8:00 pm
matjen wrote:
Thu Aug 01, 2019 10:40 am
Congrats 4nursebee! Even I am tempted by the bargain pricing on the performance spec. Enjoy it.
Who are you?

And what did you do with matjen???

:-)
If Dan Mahoney also posts similar reply, we are all doomed or this forum is hacked. But in either case, we are in big trouble :happy
by wrongfunds
Fri Aug 02, 2019 3:56 pm
Forum: Personal Consumer Issues
Topic: Gifts to Bring when Traveling Overseas
Replies: 72
Views: 3094

Re: Gifts to Bring when Traveling Overseas

Saffron boxes; those are tiny and are much appreciated at least in SE Asia. It is one of the most expensive item by weight; only few illegal drugs would beat saffron in terms of price to weight ratio! If traveling light is your objective, look no further than good quality saffron in ethnics stores i...
by wrongfunds
Fri Aug 02, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43285

Re: Talk me out of buying a Tesla Model 3

Certainly, you could have said that it was not much faster than E63 and you would have been right. Not only that, E63 would definitely be faster at 150mph+ That brings up the point. Did you complain to your brother about about the E63 not measuring up to a racing superbike performance? :-) All kiddi...
by wrongfunds
Fri Aug 02, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43285

Re: Talk me out of buying a Tesla Model 3

having grown up racing superbikes the acceleration did not blow me away You are not impressed because a transportation appliance of four door grocery getter with a trunk in the front AND a trunk in the back and ability to carry 5 adults is not able to handily outrun a racing superbike. How disappoi...
by wrongfunds
Thu Aug 01, 2019 4:06 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43285

Re: Talk me out of buying a Tesla Model 3

My M3 performance is slowest car on the road. After I saw shockingly high mph number on the screen when I was *slowing down* after passing some traffic on my daily commute, I decided to always drive it under the speed limit. Ironically, I drive much faster when I am in my older jalopies. This car wi...
by wrongfunds
Wed Jul 31, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of "bonus payback" when quitting a job
Replies: 157
Views: 9799

Re: Ethics of "bonus payback" when quitting a job

Ethics are something that you certainly should NOT ask others as the ethics are all yours. One could ask "what would you do?" but how would that be actionable?
by wrongfunds
Wed Jul 31, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of "bonus payback" when quitting a job
Replies: 157
Views: 9799

Re: Ethics of "bonus payback" when quitting a job

Unless and until the corporation dots all the eyes and crosses all the tees regarding how reconciliation of taxes withheld and deduction taken from the bonus check will be handled, OP should do nothing.
by wrongfunds
Wed Jul 31, 2019 6:42 am
Forum: Personal Consumer Issues
Topic: Please help with vacation locations
Replies: 45
Views: 2153

Re: Please help with vacation locations

If you're in your 40s and without children, then you should have the ability to survive long, international flights. Yes - the airfare is expensive, but once there, the accommodations, food, and entertainment can be quite cheap. Think SE Asia, South America, Eastern Europe, etc. Just call it a hunc...
by wrongfunds
Tue Jul 30, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of "bonus payback" when quitting a job
Replies: 157
Views: 9799

Re: Ethics of "bonus payback" when quitting a job

On the other hand, it is *extremely common* for new graduates of excellent schools to be given "incentive bonus" for early commitment (aka early acceptance of the job starting in July Next Year) paid out in September of *this* year. Employer wants the candidate to stop looking for better offer. The ...
by wrongfunds
Tue Jul 30, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of "bonus payback" when quitting a job
Replies: 157
Views: 9799

Re: Ethics of "bonus payback" when quitting a job

If the OP (or the father) has given the notice now to leave in Nov 2019, he must be key member of the corporation who is required to give 6 month notice before leaving. It does seem somewhat odd that the new job needs for him to join in November but they can't wait until January when both these mont...
by wrongfunds
Tue Jul 30, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of "bonus payback" when quitting a job
Replies: 157
Views: 9799

Re: Ethics of "bonus payback" when quitting a job

How are the taxes and deduction handled on a "negative paycheck" ? Assuming the bonus check received in 2018 was for $10K. OP had paid taxes (and other deduction). OP would have been lucky to see $5K in his bank account. Does he now write $10K check to the employer? And does he then files amended ta...
by wrongfunds
Tue Jul 30, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Fun With Numbers—Why details count!!
Replies: 14
Views: 1725

Re: Fun With Numbers—Why details count!!

I thought OP had "fun with numbers" to look future data and he discovered "extra" $1.9M dollars! Was I mistaken?
by wrongfunds
Tue Jul 30, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Fun With Numbers—Why details count!!
Replies: 14
Views: 1725

Re: Fun With Numbers—Why details count!!

That allows me to tweak inflation, growth rates for each of my funds, inflation rate How are you predicting this going forward? What is your confidence range in predicting these variables? Doesn't a small change there has humongous impact at the end of the decade? Don't get me wrong; it is certainl...
by wrongfunds
Tue Jul 30, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Fun With Numbers—Why details count!!
Replies: 14
Views: 1725

Re: Fun With Numbers—Why details count!!

I hope you understand that the numbers will *also* change when you change your own prediction of the future. For example, you assumed 5%. What happens if that is changed to 6% or if that is changed to 4%? Why would you believe the 5% vs 4 or 6? If the end conclusion does not flip for 4, 5 and 6 then...
by wrongfunds
Mon Jul 29, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do I include taxes when calculating a retirement number?
Replies: 63
Views: 5200

Re: Do I include taxes when calculating a retirement number?

Find your current expenses. Do it on per week basis. Separate them in to work weeks and vacations weeks. Realize when you retire, all your weeks will be vacation weeks; so just multiply per week vacation expenses by 52 and you will have the most accurate and realistic retirement expenses estimate. W...
by wrongfunds
Thu Jul 25, 2019 11:42 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 216
Views: 19316

Re: Has anyone seen the documentary "Playing with FIRE?"

I don't see this on Netflix. Is it under different name?
by wrongfunds
Tue Jul 23, 2019 11:24 am
Forum: Personal Consumer Issues
Topic: Tree guy is no-show; payment was "deposit"
Replies: 47
Views: 5790

Re: Tree guy is no-show; payment was "deposit"

he considered what he had provided a payment, not a deposit.
What is the difference between advanced payment before job is completed and a deposit? Is there a legal difference?
by wrongfunds
Mon Jul 22, 2019 11:13 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 216
Views: 19316

Re: Has anyone seen the documentary "Playing with FIRE?"

Wow, somebody really knows how to extract a sentence and *intentionally* leave out the context to earn brownie points!
by wrongfunds
Tue Jul 16, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 40
Views: 3844

Re: Buying a home; Very HCOL Area

Not to burst your bubble, but $75,000 invested in the S&P 500 41 years ago (1978) would be worth $6.7 million today... :) To be fair, you need compare, down payment and monthly mortgage payments for the rest of the term to do apples to apples comparison. It is highly likely that the person did not ...
by wrongfunds
Mon Jul 08, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 18353

Re: How much should I have saved for retirement by age 40?

It all worked out. Saving a lot and LBYM works well, although by comparison to many BHs, we are spendthrifts. The word "spendthrift" always trips me off. I know what "spend" means. I know what "thrift" means. I just can not get over the fact that "spendthrift" means somebody who is NOT thrifty when...
by wrongfunds
Tue Jun 25, 2019 10:48 am
Forum: Personal Investments
Topic: Retirement Ready?
Replies: 38
Views: 5112

Re: Retirement Ready?

Is it 3.6 or 4.6? Original post shows 4.6 but later you say it is 3.6. I guess at your asset level, a million here and million there does not make much difference :-) No, I mean seriously, you later said about 70K of social security income. Now all we need is the rest of the forum to tell you how yo...
by wrongfunds
Mon Jun 24, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 91
Views: 6939

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

We just came back from fabulous Tahiti, Bora Bora and Moorea vacation. I was completely blown away by the experience. Somehow my wife managed to get this 10 day trip done in way less than I would have thought possible. Since last few years, I do not even ask for the costs but she volunteered and num...
by wrongfunds
Fri Jun 21, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: Carryon luggage for international travel
Replies: 25
Views: 2414

Re: Carryon luggage for international travel

The Lufthansa web site says for international travel that the max is 55 CM which converts to 21.65 inches. Lufthansa also has an 8 kg (17+ lb) weight max for carry-ons. Your bag empty may easily weigh 6 lbs! +1. I was about to say the same thing! Assuming OP packs anything of significance in the ba...
by wrongfunds
Tue Jun 04, 2019 2:47 pm
Forum: Personal Consumer Issues
Topic: Solar - when replacing roof?
Replies: 45
Views: 3179

Re: Solar - when replacing roof?

30 year warranty from the installer? Really? Have you been able to find a skilled tradesman who has been in the business for more than 5 years without having gone through name changes?
by wrongfunds
Tue Jun 04, 2019 2:43 pm
Forum: Personal Consumer Issues
Topic: Thinking of leasing bmw 3 series
Replies: 56
Views: 4498

Re: Thinking of leasing bmw 3 series

My 2009 535i with 162,000 miles on it (purchased brand new; ordered it): 4 high pressure fuel pumps 2 fuel pumps 2 turbo waste gates 1 water pump 2 batteries 1 transmission 1 set of fuel injectors 1 set of ignition coils 2 sets of spark plugs 4? sets of brake rotors This just can NOT be real! For a...
by wrongfunds
Tue Jun 04, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: CP2000 Education Credit Denied
Replies: 12
Views: 1449

Re: CP2000 Education Credit Denied

Finally got all clear last week from IRS on this matter; had to send the paperwork twice.
by wrongfunds
Tue Jun 04, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Tax return filed 4/3/19, still no refund received. How screwed am I?
Replies: 29
Views: 4201

Re: Tax return filed 4/3/19, still no refund received. How screwed am I?

Could the fact that it's taken so long be an indicator that they're going to audit me? Why are worried about being audited? Did you lie about something to the IRS? What do you think an audit entails? I was audited this year. They sent me a letter saying "please send us documents that support the nu...
by wrongfunds
Thu May 30, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 13479

Re: 2% withdrawal rate

I believe that wrongfunds means that if we are basing our decisions on gut instincts rather than data, there's no bottom limit to what withdrawal rate someone thinks is prudent. To elaborate on that concept, somebody would be "more prudent" and thus "more correct" than you if he comes up with a low...
by wrongfunds
Thu May 30, 2019 2:43 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 13479

Re: 2% withdrawal rate

Of course! As a blanket statement, 50% of all posting in BH are humble bragging one way, or other (include this one :-) I am shocked, shocked to see people are able to live on less than $200K per year. When did you make your first $5Millions? Can I afford $2.3M house on only $1.5M income? Anything m...
by wrongfunds
Thu May 30, 2019 2:28 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 13479

Re: 2% withdrawal rate

What makes you so sure that you will survive with 2% withdrawal rate? I think it has to be 1% or less given the current condition of the market and the previous market conditions and the debt and the Chinese/Indians etc etc. Aren't you worried that in retrospect the 2% might deplete your portfolio i...
by wrongfunds
Thu May 30, 2019 10:43 am
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 13479

Re: 2% withdrawal rate

Why nobody countered OP that 1% withdrawal rate is "the correct prudent" withdrawal rate? I would have really liked to see what OP says to that claim. How would he have refuted it? Would light bulb go on in his head or do I overestimate logical thinking of an average human being?
by wrongfunds
Fri May 24, 2019 9:33 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 15599

Re: just a general comment about "too conservative" investors here

.. To figure out a SWR you have to get to a zero percentage failure - or as near as dammit. .. Of all the people on this board, I thought you would be the last person to make this claim. Under which realistic situations, looking at rear view mirror would you be able to claim that "zero percent fail...
by wrongfunds
Fri May 24, 2019 7:13 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 15599

Re: just a general comment about "too conservative" investors here

... Our caution, and our emphasis on plain vanilla stock-and-bond investing, comes from 1). seeing the new, the shiny, the exotic go phutt ... and taking people's lives with them. Once you lose that "play money", that capital, you lose all its future compound returns - that could have been generati...
by wrongfunds
Thu May 23, 2019 5:07 pm
Forum: Investing - Theory, News & General
Topic: How to "lie" with Personal Finance
Replies: 28
Views: 5303

Re: How to "lie" with Personal Finance

I think you need to understand that even 200% success ratio on the historical data gives you zero guarantee in the future if that is what you are after. I admit I don't understand that because I can't fathom what a 200% success ratio is! Do I win twice as often as I play? How? Perhaps the point is ...
by wrongfunds
Thu May 23, 2019 12:11 pm
Forum: Investing - Theory, News & General
Topic: How to "lie" with Personal Finance
Replies: 28
Views: 5303

Re: How to "lie" with Personal Finance

I don't like calling these fallacies "lies", but my own peeve in this arena is: Using your expected longevity to determine plan length. The expected longevity is just an average, so many of us (being conservative in terms of running out of money) would want to go out to something like the 25th perc...
by wrongfunds
Thu May 23, 2019 12:04 pm
Forum: Personal Investments
Topic: Retirement goal seems far away
Replies: 25
Views: 2125

Re: Retirement goal seems far away

Looking at some of OP's other posts, he is aiming to have at least $30 Million dollars in next 10 years.

Can I suggest aiming for $15M in 5 instead?
by wrongfunds
Tue May 21, 2019 10:52 am
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 5895

Re: Is an emergency just mental accounting?

For me, once I put something in my "retirement" bucket, I don't like to withdraw from it. ... So yeah, maybe just mental accounting, but it works. Once money goes into the "retirement" vault, it's not coming out until retirement. Well, to be real BH, it means that money is not coming out (ever)! Ho...
by wrongfunds
Sun May 19, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 5891

Re: Mortgage in Retirement

For the sake of an example with numbers, I tested FIRECalc with mortgage payment as a fixed expense without inflation adjustment. Mortgage: $100,000 Interest rate: 3.44% Duration: 15 years Annual payment: $8,645.50 Inflation adjustment: 0% FIRECalc result: FIRECalc looked at the 134 possible 15 yea...
by wrongfunds
Thu May 16, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 7052

Re: Do you reward yourself for achieving a financial goal?

mptfan wrote:
Thu May 16, 2019 12:25 pm
Darth Xanadu wrote:
Thu May 16, 2019 11:26 am
mmmodem wrote:
Thu May 16, 2019 10:15 am

When we crossed 3 commas last year, I just relaxed and breathed a sigh of relief.
:shock: I should hope so!
Indeed. I would be relaxed long before I reached my first billion.
I suspect there is some confusion with 8 digits versus 3 commas; a very likely mistake as we all do that!
by wrongfunds
Wed May 15, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 7052

Re: Do you reward yourself for achieving a financial goal?

Well, it depends. Do you punish yourself when you get kicked out from the "club" when the market goes down which they always do? What kind of punishment do you like?
by wrongfunds
Tue May 14, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: How much can parents gift children in 2019 tax free?
Replies: 38
Views: 4872

Re: How much can parents gift children in 2019 tax free?

That's exactly why one should plan on having well in excess of $22M estate; that way you will NOT worry about cliffs. I think DoubleTomato is getting close to that number :-)
by wrongfunds
Tue May 14, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: W-2 earner looking to lower effective tax rate
Replies: 33
Views: 4119

Re: W-2 earner looking to lower effective tax rate

Overall, my "effective tax rate" was 33%
Is the implication that OP is paying $100K of federal income tax on his $300K (salary-401k contribution)? That is hard to fathom. On the other hand if he is saying, he is paying $1M of federal tax on his $3M income, I would buy that.