Search found 6991 matches

by randomguy
Thu Feb 14, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 63
Views: 5373

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

Not a dealer in the sense you think of a dealer. I never saw any of them face to face and there was never a negotiation. I used the Porsche website to select the car, color, options, etc. which displayed the cost at each step. Pam submitted the order, passed on to me the build week and available pi...
by randomguy
Thu Feb 14, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 327
Views: 28981

Re: Early retirees, how much did you leave on the table?

It is simple, the joy of the car does not outweigh the joy of having 125 days of freedom and I too don't hate my job. That is 125 days I will have increased stress, likely less exercise and not eating as well. Those 125 days cost a lot of money in happiness and health which pales in comparison to a...
by randomguy
Wed Feb 13, 2019 9:11 pm
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 63
Views: 5373

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

I’m not sure about most manufacturers. I am not aware of any European manufacturers who do not take orders. So I’m not sure how much experience you may have doing it. I’ve bought my last 3 new cars through factory orders. I paid just over $45,000 for our Macan S in 2015 after it was all said and do...
by randomguy
Wed Feb 13, 2019 5:06 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports "funny math" in auto ratings
Replies: 17
Views: 2288

Re: Consumer Reports "funny math" in auto ratings

It is still completely illogical that a model that is almost all green and has one yellow could possibly be red overall. I claim typo. Not really. The car hasnt had problems. CR expects it to have problems. Seriously do what I said and go look what the ratings the 2009 model was getting when it cam...
by randomguy
Wed Feb 13, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 327
Views: 28981

Re: Early retirees, how much did you leave on the table?

Why is the issue about leaving money on the table instead of time on the table? Isn't time like a million times more important? For billions of dollars, most of us will work a lot more years. So no it isnt a million times more important😁 Really? interesting. What do you do with those billions when ...
by randomguy
Wed Feb 13, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 327
Views: 28981

Re: Early retirees, how much did you leave on the table?

Of course I would work for another year to double my net worth, but that is because my NW is small and there is value in doubling it. After a certain, low enough, number, I wouldn't even consider it. Money value goes to exactly 0 when you have ENOUGH. And no, is not about not liking my work, is abo...
by randomguy
Wed Feb 13, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 63
Views: 5373

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

I’m not sure about most manufacturers. I am not aware of any European manufacturers who do not take orders. So I’m not sure how much experience you may have doing it. I’ve bought my last 3 new cars through factory orders. I paid just over $45,000 for our Macan S in 2015 after it was all said and do...
by randomguy
Wed Feb 13, 2019 10:47 am
Forum: Personal Consumer Issues
Topic: Consumer Reports "funny math" in auto ratings
Replies: 17
Views: 2288

Re: Consumer Reports "funny math" in auto ratings

I have noticed several cases where Consumer Reports' overall reliability rating makes no mathematical sense in light of the rating it gives to the individual components that make up the overall rating. Here is an example, where the overall rating for 2018 is the lowest "red double down arrow", but ...
by randomguy
Wed Feb 13, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 327
Views: 28981

Re: Early retirees, how much did you leave on the table?

Why is the issue about leaving money on the table instead of time on the table? Isn't time like a million times more important? For billions of dollars, most of us will work a lot more years. So no it isnt a million times more important😁 How much more will depend on the value you get from work and ...
by randomguy
Wed Feb 13, 2019 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 327
Views: 28981

Re: Early retirees, how much did you leave on the table?

It depends on how much you are spending. Nursing home costs for me are on the same order as my daily expenses now.... I'm confused. How much are your daily expenses? DW's nursing home in TX runs over $8K per month, not including medications. When we were in MI it was over $10K per month. I admit th...
by randomguy
Tue Feb 12, 2019 10:52 pm
Forum: Personal Consumer Issues
Topic: What Happens If You Ignore Being Served a Lawsuit?
Replies: 68
Views: 5290

Re: What Happens If You Ignore Being Served a Lawsuit?

I am a lawyer and there is some incredibly irresponsible advice being bandied about on this thread. Do not take legal advice from the internet, except for this advice: Contact a real lawyer, in your state. I am not a lawyer, but this IS the best advice yet. +1 It never ceases to amaze me the length...
by randomguy
Tue Feb 12, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 327
Views: 28981

Re: Early retirees, how much did you leave on the table?

My question to you.....on the day you die, how much will you "leave on the table?" Nobody knows, but I imagine that most folks on this forum will have quiet a sum not used to share with their heirs or charities of their choice. Can't get back the time you lose working, though. We may get a bit off-...
by randomguy
Mon Feb 11, 2019 1:14 am
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 63
Views: 5373

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

I’m sure I am not the norm, but I order my cars directly from the manufacturer, setting it up with color, options, etc exactly the way I want them. I place the order and take delivery in 2-3 months. The last time, with Porsche, I wired the funds for payment when I received notification that the car...
by randomguy
Sun Feb 10, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 5420

Re: 2 years in community college, then transfer? need opinion please

I guess I go against the general opinion. I am faculty in Chemistry at a R1 public research university, getting lots of transfer students from local and regional community colleges, many of them trying to save money going that route. I teach a 300 level course, getting several of these students rig...
by randomguy
Sun Feb 10, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 5634

Re: Did you investigate your partner's financial background before committing?

I just don't have any male friends who have confided to me about a girl friend or wife who was looking for a meal ticket. I suspect there are more of those than there are of the male persuasion. I would know. ;) I am sure it factors in both ways but I am not sure that it isnt pretty obvious (did th...
by randomguy
Sun Feb 10, 2019 9:55 am
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 10575

Re: Money saving move you regret the most?

I'm pretty sure alcohol related deaths are due to alcoholism, drunk driving, etc., and not due to people having a beer or a glass of wine with their dinner. Most recent research says that any alcohol consumptions (yes including your glass of red wine) is unhealthy. It is a very minor effect for the...
by randomguy
Sat Feb 09, 2019 11:29 pm
Forum: Personal Consumer Issues
Topic: Recommendation for home gym (limited space)
Replies: 60
Views: 3748

Re: Recommendation for home gym (limited space)

... and things like single legs you can load your body up quite a ways. At first I thought heavy squats were rough. Then I started doing weighted Bulgarian split squats. :P :shock: Anything with the world Bulgarian, Romanian or Turkish in the name is bad news:) I forgot bands. You can also get some...
by randomguy
Sat Feb 09, 2019 9:34 pm
Forum: Personal Consumer Issues
Topic: Recommendation for home gym (limited space)
Replies: 60
Views: 3748

Re: Recommendation for home gym (limited space)

First off decide if the people joking about using it as a clothes hanger are talking about A lot of people buy exercise equipment and never use it. Others buy exercise equpiment and do use. The fact that the first group exists doesn't mean if your a member of the second group that you shouldn't buy ...
by randomguy
Sat Feb 09, 2019 12:40 am
Forum: Investing - Theory, News & General
Topic: Protect Against Longevity Tail Risk with Annuities
Replies: 64
Views: 4434

Re: Protect Against Longevity Tail Risk with Annuities

The spectre of inflation risk can be controlled by not using all assets to buy a life SPIA, but instead using just a portion of assets to buy a fixed term (10 year or 5 year) immediate annuity. With a fixed term, the monthly payout is higher than for a life annuity—unless the annuitant has reached ...
by randomguy
Fri Feb 08, 2019 11:33 pm
Forum: Personal Consumer Issues
Topic: used car shopping - how do you determine what packages a car has?
Replies: 7
Views: 544

Re: used car shopping - how do you determine what packages a car has?

For some makes you can get the window sticker but for a lot of them you have to learn what to look for in photos in terms of switches and the like. You definitely cant count on the listing being accurate.
by randomguy
Fri Feb 08, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: Can you rebalance your way to $0?
Replies: 35
Views: 2734

Re: Can you rebalance your way to $0?

I can't see how. If rates drop, you would be better off buying bonds. It's exactly the same benefit in that case. The capital gain on a bond fund is the NPV of the amount the CD will yield over the current rate until maturity. You get your money sooner and you get taxed as LTGC (assuming we are 1 y...
by randomguy
Fri Feb 08, 2019 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 107
Views: 10701

Re: Need Help - DW Laid Off and Company wants her back now

At the senior level, a lot of this stuff is about politics. It wouldn't surprise me if DW's current supervisor threw her under the bus. I would make returning to the company contingent on moving into X's business unit. Or the one above the current supervisor. People here are blaming HR but it sure ...
by randomguy
Fri Feb 08, 2019 9:19 pm
Forum: Investing - Theory, News & General
Topic: Can you rebalance your way to $0?
Replies: 35
Views: 2734

Re: Can you rebalance your way to $0?

Since 2008-2009 represented a very bad case, and yet the effect was merely an irritating nuisance, this tells us that the theoretical issue isn't too important in practice. 2008-9 was volatile with sharp drops. It was also very short. Pretty sure the bad cases would be the long draw down. See somet...
by randomguy
Fri Feb 08, 2019 9:01 pm
Forum: Investing - Theory, News & General
Topic: Can you rebalance your way to $0?
Replies: 35
Views: 2734

Re: Can you rebalance your way to $0?

All excellent points to consider. Thanks, everyone. Something tells me we need to take advantage of the 3.1% you can currently get on 5-year CDs. That return might look darn good just a year from now. I can't see how. If rates drop, you would be better off buying bonds. If rates go up, why would yo...
by randomguy
Fri Feb 08, 2019 8:28 pm
Forum: Personal Investments
Topic: Can I retire now?
Replies: 32
Views: 6343

Re: Can I retire now?

Dottie57 wrote:
Fri Feb 08, 2019 7:57 pm
2017thread.

OP came back with updated info a couple days back.
by randomguy
Fri Feb 08, 2019 7:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21284

Re: Larry Swedroe: 3% is the new 4%

I agree with this sentiment. I for one am not waiting for nor expecting the CAPE to return to its long ago historic average. It is hard to understand the rationale behind CAPE, if one doesn't subscribe to the notion that the stock market is really cyclical, to the point of being stationary on the l...
by randomguy
Fri Feb 08, 2019 7:03 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21284

Re: Larry Swedroe: 3% is the new 4%

Things might not look exactly the same when you're not looking through a rear-view mirror. Imagine you had retired and begun drawing down your portfolio of 50% stocks / 50% bonds in Jan 2000 using the 4% rule. In just 3 years, your remaining portfolio value (in inflation adjusted dollars) had alrea...
by randomguy
Fri Feb 08, 2019 1:36 pm
Forum: Investing - Theory, News & General
Topic: To What Degree Does Money Buy Happiness?
Replies: 107
Views: 4856

Re: To What Degree Does Money Buy Happiness?

I don't think that money can buy happiness. But having enough money for food and shelter helps make me happy. Bonus points if it allows me to other things that make me happy. Not having to worry too much about money helps keep me happy. From a financial standpoint as long as I spend less than I ear...
by randomguy
Fri Feb 08, 2019 1:23 pm
Forum: Investing - Theory, News & General
Topic: To What Degree Does Money Buy Happiness?
Replies: 107
Views: 4856

Re: Does Money Buy Happiness?

Indeed, having money to help create experiences helps. But I can tell you a room upgrade although sounds amazing buys very little value in the happiness world. Look back at your own experiences and I’m sure you will find the most memorable ones are the ones you had to work for or there was some pro...
by randomguy
Fri Feb 08, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 8750

Re: "Living comfortably in retirement"

We often hear the goal/promise of living comfortably in retirement. What does that term mean to you, how do you know when you're there? Is it purely a financial thing, is it an emotional status, some combo, etc? For most people it means living as how they have been living. That what they consider c...
by randomguy
Fri Feb 08, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: Apartment Pricing
Replies: 2
Views: 356

Re: Apartment Pricing

Most of the big ones shuffle prices around based on current and upcoming vacancies. They have a bunch of algorithms trying to optimize their fill rate. I haven’t seen hourly flucations but weekly is pretty normal. I haven’t seen a big pattern of things like start/middle of the month mattering much.
by randomguy
Fri Feb 08, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 10575

Re: Money saving move you regret the most?

I'm pretty sure alcohol related deaths are due to alcoholism, drunk driving, etc., and not due to people having a beer or a glass of wine with their dinner. Most recent research says that any alcohol consumptions (yes including your glass of red wine) is unhealthy. It is a very minor effect for the...
by randomguy
Fri Feb 08, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: To What Degree Does Money Buy Happiness?
Replies: 107
Views: 4856

Re: Does Money Buy Happiness?

What about 6x more to get that room slightly closer to the beach with every day room service? What about 8x and have breakfast freshly cooked in your room? What about 10x for a massage to start every day? What about 12x so that someone also makes dinner and drives you everywhere? What about 16x and...
by randomguy
Fri Feb 08, 2019 10:29 am
Forum: Personal Investments
Topic: Long term capital gains discrepancy in tax owed $0 vs $22K
Replies: 5
Views: 333

Re: Long term capital gains discrepancy in tax owed $0 vs $22K

TaxAct is right. LTGC count as income so your parents income is not all in the 12% bracket. The first 20k or so will be but the other 160k or so will be taxed at 15%. BTW what calculator are you using that does that? I wouldn't use them for anything. I know the turbotax one is pretty spot on with th...
by randomguy
Fri Feb 08, 2019 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Another Bay Area home advice thread
Replies: 44
Views: 3268

Re: Another Bay Area home advice thread

Our company recently outsourced some of our dev work to eastern europe. $250k a year gets us 5 VERY high quality developers and a project lead, and that $250k is "all in" - no taxes, benefits etc. which usually add another 25% cost on top of salary for us. These are guys with masters degrees, 10+ y...
by randomguy
Thu Feb 07, 2019 11:08 pm
Forum: Investing - Theory, News & General
Topic: To What Degree Does Money Buy Happiness?
Replies: 107
Views: 4856

Re: Does Money Buy Happiness?

What I notice is that those people who try really hard to buy happiness tend to fail at it. I see them spending more and more in that pursuit and nothing really changes. Some become less happy in this process. Therefore, I think once the basic necessities are met more money doesn’t buy happiness bu...
by randomguy
Thu Feb 07, 2019 10:11 pm
Forum: Investing - Theory, News & General
Topic: To What Degree Does Money Buy Happiness?
Replies: 107
Views: 4856

Re: Does Money Buy Happiness?

The blog post sure thinks money buys happiness lets go down the list 1) Throw a party -> Money Travel across the country -> money 2) Hobbies -> MOney 3) Buy experiences -> money 4) move closer to work -> money 9) Pay others to do chores -> money Thats a lot of spending. And we are off in luxury good...
by randomguy
Thu Feb 07, 2019 1:06 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21284

Re: Larry Swedroe: 3% is the new 4%

A comment and a question: The ideology implicit in the whole SWR subculture, if one may call it that, is that a sophisticated, financially cool, Modern Portfolio Theory-versed, expert will crunch a bunch of numbers and assumptions about portfolio composition etc., and then spit out a withdrawal rat...
by randomguy
Wed Feb 06, 2019 2:48 pm
Forum: Personal Investments
Topic: Can I retire now?
Replies: 32
Views: 6343

Re: Can I retire now?

Annual expenses: $100K (after tax, including mortgage and property taxes) Retirement Assets: $2,180,000 (60/40 split between equity and bond) 529: $150K Emergency Fund: $201K Paid Vacation Condo: $125K Primary Home: $500K, ($228K mortgage left at 2.25% for next 14 years) Update on my situations and...
by randomguy
Wed Feb 06, 2019 11:16 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21284

Re: Larry Swedroe: 3% is the new 4%

Yes they were, and that is why the 4% rule is used so poorly. I have given the example of 2 people with identical portfolios, and this example shows that if the 4% rule was good enough before a market drop, something higher than 4% must be good enough for a new retiree after a market drop. This is ...
by randomguy
Wed Feb 06, 2019 10:47 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21284

Re: Larry Swedroe: 3% is the new 4%

Heh you make good points, but I can still make a case. First off, half your portfolio gives you 3%, and the other half gives you 1%. Not 2% and 2%. $1 million dollars in 1966: spend $500,000 on 6% SPIA (probably higher back then, but let's stick with it). - That gives you $30k a year. invest $500,0...
by randomguy
Wed Feb 06, 2019 1:13 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21284

Re: Larry Swedroe: 3% is the new 4%

A 60-year old male can get a 6% SPIA right now. Put half your money in it, now you're getting 3% for life (not inflation-adjusted), and you still have half your money left, where the dividends alone will be at least 2% (and depending on your stock/bond mix, likely more than 2%), putting you at 4%+ ...
by randomguy
Tue Feb 05, 2019 9:29 pm
Forum: Investing - Theory, News & General
Topic: Crypto Exchange goes bankrupt after owner dies with only password
Replies: 87
Views: 9616

Re: Crypto Exchange goes bankrupt after owner dies with only password

4) Can the victims of this event be judged to have any responsibility at all for what happened to them? Should they have known better, and, if so, exactly how? The history of exchanges is filled with fraud, theft, and collapses. Anyone that stores money on them knows that they are taking a big risk...
by randomguy
Tue Feb 05, 2019 9:14 pm
Forum: Investing - Theory, News & General
Topic: Crypto Exchange goes bankrupt after owner dies with only password
Replies: 87
Views: 9616

Re: Crypto Exchange goes bankrupt after owner dies with only password

Call me cynical butuntil I see a dead body WITH dna evidence I don't drop the assumption he is still alive and absconded with the money. I agree. My BS detector needle is moving on this one. I am thinking ponzi scheme where he has spent all the money (note he wouldn't have had to spend 190 million....
by randomguy
Tue Feb 05, 2019 9:01 pm
Forum: Investing - Theory, News & General
Topic: "House Rules," Clements on the finances of homeownership
Replies: 63
Views: 6629

Re: "House Rules," Clements on the finances of homeownership

If you factor in the opportunity cost of the money tied up in a house that could have been invested elsewhere how are you so certain buying a house Vs renting wins over 15 or more years? I can tell you the 4 houses I have owned since 1988 in NC and TX and my parents house in FL we bought in 1978 ha...
by randomguy
Tue Feb 05, 2019 5:44 pm
Forum: Investing - Theory, News & General
Topic: "House Rules," Clements on the finances of homeownership
Replies: 63
Views: 6629

Re: "House Rules," Clements on the finances of homeownership

So is it fair to say that landlords don’t pass the increasing costs of their properties to their tenants because they don’t control the local rental market pricing as a whole? It’s a game of ever-decreasing profits from the landlord’s prospective? Just trying to understand, because (a) that would s...
by randomguy
Tue Feb 05, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Crypto Exchange goes bankrupt after owner dies with only password
Replies: 87
Views: 9616

Re: Crypto Exchange goes bankrupt after owner dies with only password

Back on topic, how can it be possible that accounts are frozen without the CEO's password? When the exchange was running normally, would he have had to approve every single transaction? I am guessing this is like a 2-3 person operation at best and wouldn't shocked to learn that most stuff went thro...
by randomguy
Tue Feb 05, 2019 2:56 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21284

Re: Larry Swedroe: 3% is the new 4%

SPIAs, SPIAs, SPIAs Why nobody is advocating for them? I'm confused. Everybody wants to leave $$ to heirs? Because a 28/72 portfolio (minimum variance) can beat the return of a typical inflation-adjusted SPIA, even if you don't count the sustained principle of the 28/72. Watch youtubes by "the Annu...
by randomguy
Tue Feb 05, 2019 2:43 pm
Forum: Investing - Theory, News & General
Topic: "House Rules," Clements on the finances of homeownership
Replies: 63
Views: 6629

Re: "House Rules," Clements on the finances of homeownership

I believe the most lucrative option is renting the smallest apartment you are happy with. That will beat any strategy involving a house. And why do you think that is cheaper than buying that same apartment? Odds are it isn't. In the end everything comes down to assumptions. With 5% appreciation and...
by randomguy
Mon Feb 04, 2019 11:18 pm
Forum: Investing - Theory, News & General
Topic: Protect Against Longevity Tail Risk with Annuities
Replies: 64
Views: 4434

Re: Protect Against Longevity Tail Risk with Annuities

If allowance is made for these two things, simply taking the $1,160 per year starting at age 80 has a much higher expected present value than waiting until age 100 after repeatedly investing each year's combined annuities in a new annuity. Yes but the whole point of this is insurance. 95% of the ti...