Search found 1810 matches

by wrongfunds
Mon Oct 22, 2018 9:11 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 Owners: Your experience so far
Replies: 55
Views: 7764

Re: Tesla Model 3 Owners: Your experience so far

The Tesla would've pinged you if you were over the speed limit ;) I was over speed limit for exactly 0.2 second before I noticed a black SUV coming the other way in my peripheral vision. I had made that left turn after waiting patiently for close to 45 seconds at the stop sign and when I finally go...
by wrongfunds
Mon Oct 22, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 Owners: Your experience so far
Replies: 55
Views: 7764

Re: Tesla Model 3 Owners: Your experience so far

This morning I got pulled over for pulling out too fast on the main road in my almost 20 year old car! I don't need a Tesla to get in to more trouble!
by wrongfunds
Mon Oct 22, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 Owners: Your experience so far
Replies: 55
Views: 7764

Re: Tesla Model 3 Owners: Your experience so far

Is our goal 8 figure investible assets? To what end? I would think $5-6M for a couple to retire quite comfortably indeed. Much less could be argued depending whether there may be pension(s) invloved or rental property income, etc. Don't mean to derail the post but this issue of whether one can comf...
by wrongfunds
Mon Oct 22, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 653
Views: 80574

Re: How much money do you want to retire?

Do you think we are in "full-blown bull market"? From all the blood I am seeing in the market, aren't we in in bear territory already? Are all the news wrong?
by wrongfunds
Mon Oct 22, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 7804

Re: Quitting w/o notice

OP, 2 weeks (or whatever time period) notices are total B.S., if you're on at-will employment agreement. Recommendations needn't be only from your past employer, they can be from your co-workers or your past to past employers/co-workers etc. Also, don't confuse this with "employment verification" ....
by wrongfunds
Mon Oct 22, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 29584

Re: High End Wrist Watches (Gone Crazy)

Is the Patek watch paper thin? I love an incredibly thin watch and I could justify its obscene price unlike a typical Rolex which is about half inch thick monster.
by wrongfunds
Mon Oct 22, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 140
Views: 10607

Re: PSA: Don't buy a big house

I liked your humble brag :-)
by wrongfunds
Mon Oct 22, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 653
Views: 80574

Re: How much money do you want to retire?

I think we both agree that 1) People don't want to voluntarily retire during bear market. 2) People don't want to voluntarily retire during bull market. I have no idea if this discussion is helping any body at all :-) What I really think is that the people who do voluntarily retire, the type of mark...
by wrongfunds
Mon Oct 22, 2018 10:42 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 225
Views: 18269

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

There are definitely different ways to think about SS. Some consider it the way you do, as a form of fixed income. Others view SS benefits as merely reducing the amount of income one needs to pull from one's portfolio and other income sources. I must say that I lean toward the latter view, mainly b...
by wrongfunds
Mon Oct 22, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 653
Views: 80574

Re: How much money do you want to retire?

[...]I would like to retire at 1.5M [...] I would not like to retire at the top of the market value. Once you reach your number, you might have to wait a while for a bear market, and that may send you below your desired number. So this mean one's desired number is only relevant if attained during a...
by wrongfunds
Mon Oct 22, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 Owners: Your experience so far
Replies: 55
Views: 7764

Re: Tesla Model 3 Owners: Your experience so far

I drove the performance version M3 in "chill mode". Well, that completely failed to impress me. I was told that in "chill mode" it should have performance equivalent of RWD LR but from my experience, that was just not the case. So half way during the test drive, we put it back in to its normal aka p...
by wrongfunds
Mon Oct 22, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

Here is a question to a typical BH. Do you think you would stop doing the cost benefit analysis in your head before splurging on yourself after winning a huge windfall? For example, would the internal questioning such as "Would this $80K car give me $80K pleasure?" vanish from your thinking? For per...
by wrongfunds
Sat Oct 20, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 53
Views: 4853

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

I think one of the factors in employers moving to PTO from "sick leave" is the "abuse" of accrued sick leave by many employees. Many of us probably know a lot of fellow employees who are "sick" on a regular basis and use up any and all accrued sick leave every year. Too bad, in my opinion. If your ...
by wrongfunds
Sat Oct 20, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

Was there ever a time when Victoria was wrong? That time will eventually come but so far it has not come!
by wrongfunds
Sat Oct 20, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

Sincere question:- How do they know the pot now will be 1.6 Billion? Do they just use the previous history to project the future size? We all know how future is never guaranteed to repeat the past etc. Besides, they seem to be assuming exponential curve here i.e. the growth for next one is higher t...
by wrongfunds
Sat Oct 20, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

Sincere question:- How do they know the pot now will be 1.6 Billion? Do they just use the previous history to project the future size? We all know how future is never guaranteed to repeat the past etc. Besides, they seem to be assuming exponential curve here i.e. the growth for next one is higher th...
by wrongfunds
Fri Oct 19, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

Honda CRV which will be taking a long trip down to the bottom of the Grand Canyon. Please do NOT do that. Apart from being highly illegal, you will be harming the environment. Just donate it to your favourite charity and take the tax deduction. With that much income, every dime in deduction will he...
by wrongfunds
Thu Oct 18, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

VictoriaF wrote:
Thu Oct 18, 2018 12:16 pm
Don't bother with small change. Skip this Friday and play for 3 commas next week.

Victoria
What makes you so certain that *I* will not win the jackpot this Friday? I have already planned on how to handle the prize money. Please don't throw monkey wrenches in my plan.
by wrongfunds
Thu Oct 18, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 42
Views: 3425

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

Tell IRS that you hit on the slot machine aka write "Gambling Wins" $3456 on your Form 1040 Line 21 which just happens to put you with the exact AGI needed for you. Seriously, are you off the target by hundreds of thousand dollars or by couple of thousand dollars?
by wrongfunds
Thu Oct 18, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 121
Views: 9678

Re: Can I buy a Tesla?

The Tesla people themselves said RWD is what they would get in my situation (living in Cali etc) so I got that. I got all other available options (long range, autopilot, multicoat paint, etc). What was your frame of reference in terms of raw acceleration of RWD Model 3? Even though I come from 20 y...
by wrongfunds
Wed Oct 17, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

The remaining call it $245 million would be invested to yield a return of 5% a year, i.e. $1,225,000, which would yield roughly $1 million after tax, paying the annual expenses. As the other reply said, it is $12.5M per year. But the bigger question is how would you handle losing $25M if your portf...
by wrongfunds
Wed Oct 17, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 121
Views: 9678

Re: Can I buy a Tesla?

You guys are funny. Even Dave Ramsey says a NW of $1M is fine for a 'want' car. Btw, my NW is closer to 200k now. I personally think it would have been a mistake to wait on a very conservative NW number just to buy a nice car. I love the car and it is one of the few luxuries that has an effect on m...
by wrongfunds
Wed Oct 17, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 121
Views: 9678

Re: Can I buy a Tesla?

With 100k NW, it is not advisable. Tesla is a luxury at this point. A $15k corolla will do the trick for now. When your NW reaches 15 or 20x the cost of a 'want' car, then it will be ok. Till then, a 'need' car is advisable. Are you sure about that ratio for a "want" car? For example, for the $60K ...
by wrongfunds
Wed Oct 17, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

I'd see if I could find a way to claim the money and not let my identity be disclosed. So, once I found I had the winning ticket, I'd be looking for legal advice. I would not sign the back of the ticket. I'd see if I could set up some kind of legal loophole that would let me stay anonymous. I assum...
by wrongfunds
Wed Oct 17, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

This topic still alive? Are we going to be making snide comments until Friday night?
by wrongfunds
Wed Oct 17, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

I guess I would google my state and town with lottery lawyers and financial advisors and interview 2-3 and see how they have handled past winners and how are those winners doing today. You should do that *now* before the winners are announced. If you wait until you are the winner and *then* start d...
by wrongfunds
Wed Oct 17, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 162
Views: 13312

Re: Where would you go for financial guidance if you win the Megamillions?

I will ask here. Where else would you find better financial advice? Oh, and definitely allocate half of the money for LTC. DEFINITELY LTC.

And then I will move this topic to "Investing - Helping with Personal Finances"
by wrongfunds
Wed Oct 17, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 42
Views: 3425

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

Just a thought, not sure how workable it is. Gambling winnings are taxable. Obviously when you gamble sometimes you win and sometimes you lose. Gambling winnings are taxable and raise agi and losses are only deductible to the extent that offset winnings and you itemize them. Most people can't itemi...
by wrongfunds
Wed Oct 17, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: $34k Volt vs $54k Model 3?--help me decide??
Replies: 90
Views: 8061

Re: $34k Volt vs $54k Model 3?--help me decide??

As always, very much appreciate the input - seems pretty easily divided overall! Clock still ticking - ordered 10/15 but one does have 3 days to cancel. DW is pushing for the M3, wants me to test drive again - plan to this evening. I'm thinking the real me is a Volt man - for like 1/3 the price. I ...
by wrongfunds
Wed Oct 17, 2018 3:26 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 121
Views: 9678

Re: Can I buy a Tesla?

Cramerica wrote:
Mon Sep 24, 2018 7:10 am
I absolutely love it. The best car I have ever owned. In a class of its own.
You said fully loaded but currently M3 comes either as RWD, AWD or Performance version. Which one did you end up buying?
by wrongfunds
Wed Oct 17, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: Tesla Insurance Question and how to get out of the deposit
Replies: 26
Views: 3709

Re: Tesla Insurance Question and how to get out of the deposit

what happened? My insurance company Metpay wants VIN number before giving a realistic quote. How does one get a VIN number before having to commit to the vehicle?
by wrongfunds
Wed Oct 17, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Tesla Model 3
Replies: 202
Views: 11409

Re: Talk me out of buying a Tesla Model 3

Is OP getting back his $2500 or lost it?

Did OP drive the RWD or only the performance version?
by wrongfunds
Wed Oct 17, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: $34k Volt vs $54k Model 3?--help me decide??
Replies: 90
Views: 8061

Re: $34k Volt vs $54k Model 3?--help me decide??

I finally had the opportunity to drive the $54K Model 3. The road was just too busy for me to test its acceleration to reach 60 mph. I wanted to be blown away by the acceleration but at least this test drive did not do it to me. I do not have a reference for what constitutes a fast car given I drive...
by wrongfunds
Wed Oct 17, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Maserati Experiences
Replies: 47
Views: 5355

Re: Maserati Experiences

In case somebody missed it, OP's handle is "Watch Nerd" and I suspect lot of his assets are in watches but I could be wrong.
by wrongfunds
Wed Oct 17, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: HDMI Splitter or Switch?
Replies: 24
Views: 1382

Re: HDMI Splitter or Switch?

Two-in-One-out HDMI switches are available for under $10. I have one which I am using to switch between incoming cable box and Roku to the TV hung on the wall because I was too lazy to remove the TV and access the built-in second HDMI port on that TV. I can find the exact model of the switch if that...
by wrongfunds
Wed Oct 17, 2018 7:47 am
Forum: Personal Consumer Issues
Topic: Maserati Experiences
Replies: 47
Views: 5355

Re: Maserati Experiences

Completely wrong forum to ask advice on purchasing Maserati! On the other hand, if you are asking about buying a $100K watch, feel free!
by wrongfunds
Tue Oct 16, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: PSA: Oct 15th last day to buy Tesla for guarantee to qualify for $7500 federal tax break.
Replies: 4
Views: 851

Re: PSA: Oct 15th last day to buy Tesla for guarantee to qualify for $7500 federal tax break.

I am not sure how solid was the Tesla's "guarantee" for order placed on or before Oct 15th. On the other hand, I am going for the test drive today. The sales consultant over the phone seems to be pretty certain that order placed today on Oct 16th will get the car well before December 31 deadline. Bu...
by wrongfunds
Tue Oct 16, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 Owners: Your experience so far
Replies: 55
Views: 7764

Re: Tesla Model 3 Owners: Your experience so far

speed automatically reduces from 70mph to 25mph when taking an off-ramp
What? Why am I paying $80K performance version if it is going to take off-ramp as fast a a 3 cyl Geo?
by wrongfunds
Wed Oct 10, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 70
Views: 6085

Re: Do Bonds Go in Taxable?

... $1 pre-tax into your 401k vs. $1 pre-tax into your Roth (say, $0.70 into the account) will be worth the same in retirement if you tax-rate doesn't change. But if your 401k grows more than your Roth, you could be forced to "withdraw" (via RMD) more than you'd normally have even spent, thus forci...
by wrongfunds
Wed Oct 10, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 70
Views: 6085

Re: Do Bonds Go in Taxable?

What about RMDs? Bonds will grow less, thus less RMDs/taxes. This I am not getting. If my portfolio grows less, then I will have less RMD. Why should I strive for that? What is the condition under which I am better off with my portfolio growing less than more? I mean even if (hypothetically) 90% of...
by wrongfunds
Tue Oct 09, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 225
Views: 18269

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

Do you have a crystal ball that tells you how long you will live? Of course not, but when I am 60, I can say I won't live to 70 more years. And when I am 100, I can say I won't live 30 more years. But when I am 45, what can I say? You can say I won't live 85 more years. Isn't it exactly the same as...
by wrongfunds
Sat Oct 06, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: Stress testing for those contemplating retirement in the next couple years
Replies: 28
Views: 2801

Re: Stress testing for those contemplating retirement in the next couple years

If one is afraid of retiring at the top of the market, it is given that the person would be even more afraid when the market is dropping or has dropped.
by wrongfunds
Sat Oct 06, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: The Psychological Dimension Of The Transition To Retirement
Replies: 25
Views: 2820

Re: The Psychological Dimension Of The Transition To Retirement

Could you set it up so that your could get bi-weekly periodic distribution from your assets directly in to your checking account? Wouldn't it be similar to getting regular paychecks? Come to think of it, you could have lost your paycheck anytime during the last 40 years that you were working. You mi...
by wrongfunds
Sat Oct 06, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: getting paid as a contractor
Replies: 33
Views: 2245

Re: getting paid as a contractor

Have you looked at another topic where we are discussing how NOT to pay a contractor? This is going on at the same time!
by wrongfunds
Fri Oct 05, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5139

Re: can i start a private investment firm?

England to merge with Scotland and Wales
aaaarrrrrrrggggggggggg; I actually googled this :-(
by wrongfunds
Fri Oct 05, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5139

Re: can i start a private investment firm?

I also want to start my own Merger & Acquisition Firm but I have no interest in getting admitted to Wharton for MBA program or anything like that stupid stuff. I know I can make more money that way than starting my own hedge fund. Do I need to start a new topic (but it is too much work to start a ne...
by wrongfunds
Thu Oct 04, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much interest do I owe if I don't pay credit card balance in full?
Replies: 18
Views: 2070

Re: How much interest do I owe if I don't pay credit card balance in full?

In another topic somebody was asking who pays for his credit card rewards. Now we know the answer.
by wrongfunds
Thu Oct 04, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12156

Re: Larry Swedroe: Be Prepared For Losses

Come to think of it, see what happens when you *do* travel with $10K worth of gold to another country. Carry-on or checked luggage?
by wrongfunds
Thu Oct 04, 2018 5:11 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12156

Re: Larry Swedroe: Be Prepared For Losses

FYI. I kept some physical gold too. I am prepared. What percentages of your assets are in physical gold and how are you safe keeping it? Assuming minimum at 10%, what is the footprint of the gold? Say $1.5M in total assets, so $150K in physical gold, about 3KG in gold, about 5.5^3 cubic centimeter!...