Search found 353 matches

by Hawaiishrimp
Tue Jan 23, 2018 12:51 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 81
Views: 5242

Re: Should I buy a business or suck it up at a job(s) with a pension.

"Suck it up", only a few more years. If it were me, I won't take on such high risk and buy a business I have no experience with whatsoever. You can be done in 2 yrs, worst case 7. Not worth the risk.
by Hawaiishrimp
Mon Jan 22, 2018 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: What First Steps to Take to Help Me Become Financially Independent
Replies: 13
Views: 1205

Re: What First Steps to Take to Help Me Become Financially Independent

Rule #1: Don't accumulate debt (especially student loans). if you have it already, work a 2nd job or 3rd to pay it off asap. Rule #2: Increase your income. Be it passive income, YouTuber, Uber/Lyft, weekend OTs, higher paying jobs. Rule #3: Live below your mean. Don't buy stuff you don't need with m...
by Hawaiishrimp
Sat Jan 20, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

The important question is, will it be a Miata RF? The RF, with the top up, might be the sexist thing on the planet. Unfortunately, it'll take a while for pre-owned ones to pop up. I believe it was new for 2017? I have test-drive the RF, not my cup of tea. I am not liking the blind spot and half-ope...
by Hawaiishrimp
Sat Jan 20, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

RRAAYY3 wrote:
Fri Jan 19, 2018 2:11 pm
so the Boglehead's guilty pleasure is Porsche ... and the SuperBoglehead's guilty pleasure is the Miata ?

good to know for future reference
Eventually, I will get the Porsche 911 or Cayman when I'm FI. But, for now, Miata seems to make more sense financially.
by Hawaiishrimp
Thu Jan 18, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: I got a Roomba and think you should too
Replies: 41
Views: 3594

Re: I got a Roomba and think you should too

My sister-in-law has one and she absolutely hates it. It stuck on carpet so many times it's basically useless.
by Hawaiishrimp
Thu Jan 18, 2018 9:28 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

I think the best thing is to implement direct exposure therapy and buy a Ferrari instead. :beer Ferrari cost of maintenance is way too high from what I researched. It costs $800 - 1000 for an oil change. Also, the car is highly unreliable and extremely expensive to repair. I am not looking for atte...
by Hawaiishrimp
Thu Jan 18, 2018 9:26 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

shawndoggy wrote:
Thu Jan 18, 2018 9:25 pm
only if it's a manual. If you are buying an automatic miata... well... you ARE wasting your money.
Totally. Agree 110%. No auto for Miata ever.
by Hawaiishrimp
Thu Jan 18, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

... why a Miata? Serious question Pros: 1. Less than $30k 2. Convertible 3. 36mpg 4. Extremely fun to drive 5. Reliable 6. Rear wheel drive 7. Cheap to maintenance 8. Highly modifiable and relatively cheap to do so 9. Track-able and yet affordable to do so Cons: 1. 2 seats only (I have a big SUV so...
by Hawaiishrimp
Thu Jan 18, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

Thanks guys for all the feedback. Looking at my portfolio has becoming my daily addiction. I am looking to walk away from it and only take a peek once a month or something... Anyhow, I am actively looking for a Miata (new or slightly used) now and my goal is to buy one before summer. Looking forward...
by Hawaiishrimp
Wed Jan 17, 2018 9:41 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

If it makes you happy, given your assets, go for it. Miata''s a great little sports convertible. I'm sharking an RF myself. :wink: forum.miata.net is informative for Miata.... My goodness!! I am on forum.miata.net 4 hours a day at least. Ha ha, I am addicted to looking at folks talking about this l...
by Hawaiishrimp
Wed Jan 17, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

Does it have to be new? Compromise and spend $10-12k on a nice used one. I think there are a lot of lightly used, driven only in the summer cars with low miles. There is one with 36k miles for $9k on our Craigslist and we are in a small town. Every dollar you spend IS delaying your retirement. If y...
by Hawaiishrimp
Wed Jan 17, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

Does it have to be new? Compromise and spend $10-12k on a nice used one. I think there are a lot of lightly used, driven only in the summer cars with low miles. There is one with 36k miles for $9k on our Craigslist and we are in a small town. Every dollar you spend IS delaying your retirement. If y...
by Hawaiishrimp
Wed Jan 17, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

Re: How to overcome the fear of spending money? (Buying a car)

delamer wrote:
Wed Jan 17, 2018 5:30 pm
How much of your net worth is the car?
1.4% of net worth
by Hawaiishrimp
Wed Jan 17, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3671

How to overcome the fear of spending money? (Buying a car)

How to overcome the fear of spending money? I am stressing out because I want to buy a new car (MX-5 Miata) but constantly feel like I am wasting money and potentially delaying my retirement plan due to the use of this money. The car is about $30k out the door. I do have a truck but I want a daily d...
by Hawaiishrimp
Tue Jan 16, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 145
Views: 12622

Re: Can We Retire in Hawaii? Please Critique

Captain and Tennille:. Dual Retirement. Retired university professor. DW. Retired educator. Age 80's. No mortgage. No debts. Home value 1.2 million. They are a little comfortable. Very very frugal. And live well below their means. Sonny is a Boglehead with a large portfolio in a 50/50 allocation. 2...
by Hawaiishrimp
Tue Jan 16, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 145
Views: 12622

Re: Can We Retire in Hawaii? Please Critique

SurferLife wrote:
Tue Jan 16, 2018 12:34 am

Looking for multiple sets of eyes to review our dream retirement plan and provide guidance on how to make it happen.
With the information given, my guidance:
Save more money in taxable (preferably double) before considering the move or buying a house.
by Hawaiishrimp
Sat Jan 13, 2018 10:29 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 157
Views: 13586

Re: How does everyone keep track of your portfolio?

Excel. I can do so much with formulas and macros. It's still the preferred way to manage my portfolio.
by Hawaiishrimp
Sat Jan 13, 2018 12:50 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 290
Views: 26035

Re: Anyone tired of the stock market going up?

What is happening sure does reinforce the importance of being in the market during times like these. Yes, a million times. Every time I see someone suggest that they are just going to wait it out until the market drops so they can buy the bargains, I think of this. I agree 100%. Thank God we stay i...
by Hawaiishrimp
Wed Jan 10, 2018 12:59 am
Forum: Investing - Theory, News & General
Topic: What your 2017 returns would look like if you listened to these financial websites
Replies: 18
Views: 3727

Re: What your 2017 returns would look like if you listened to these financial websites

God, how I loathe the motley fools. I listened to a TMF podcast a while back where one of the brothers claimed something like a 1,600% alpha over the S&P because Amazon had been one of their stock picks back when it was trading for $3 a share. They seem like nice enough guys, but do they ever give ...
by Hawaiishrimp
Wed Jan 10, 2018 12:51 am
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 126
Views: 20745

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

One of the few times I am not going to feel bad deviating a thread, but was hoping Taylor could add to why he chose this move to free up equity in the house vs. HELOC vs. reverse home mortgage. Not looking for in depth analysis, but just curious in a person like Taylor's situation why one option wo...
by Hawaiishrimp
Tue Jan 09, 2018 9:50 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 126
Views: 20745

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

I will never pay extra to pay off my 15 years fixed mortgage at 2.5%. I think I can do better than 2.5% with my investment. It's financially unwise to pay it off, in my humble opinion, given the opportunity cost. There, I said it. It’s financially unwise to play arbitrage with interest rates and sw...
by Hawaiishrimp
Tue Jan 09, 2018 9:22 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 126
Views: 20745

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

I will never pay extra to pay off my 15 years fixed mortgage at 2.5%. I think I can do better than 2.5% with my investment. It's financially unwise to pay it off, in my humble opinion, given the opportunity cost. There, I said it.
by Hawaiishrimp
Sun Jan 07, 2018 2:34 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 262
Views: 47392

Re: I'm Calling an Emerging Markets Bottom

12% of my portfolio is in EM. let's hope it works out in 2018.
by Hawaiishrimp
Wed Jan 03, 2018 1:07 am
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 118
Views: 7046

Re: 2018 Hedge Fund contest

Name: "I Know Better!" Fund

Long:
1. IPGP

Short:
1.TSLA
by Hawaiishrimp
Wed Jan 03, 2018 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review requested (TIA!)
Replies: 1
Views: 186

Re: Portfolio Review requested (TIA!)

Without knowing how much you have in your portfolio, how can we review? Please post the numbers. Thanks.
by Hawaiishrimp
Tue Jan 02, 2018 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio update (3 years)
Replies: 6
Views: 999

Re: Portfolio update (3 years)

1. Pay off HELOC.
2. Refinance into 15 or 30 yrs fixed if this is the house you intend to stay long in.

I will worry about these 2 items first before any of your questions. These 2 items above are more critical and require more focus to tackle immediately.
by Hawaiishrimp
Sat Dec 30, 2017 11:57 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5328

Re: Individual Stocks That Went Bust

Don't you forget Juniper Networks and NOKIA.
by Hawaiishrimp
Sat Dec 30, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6612

Re: Before buying gold, have a look at these returns since 1975

I was once a gold bug myself (listened to "Coast to Coast" way too much) and have more than 6 digits in gold (GLD). Lucky enough, I was in low and gained 50%+ out of pure luck and speculation. I could easily lose just as much. Silly me. :oops: My awakening moment realizing that Gold is not an invest...
by Hawaiishrimp
Sat Dec 30, 2017 10:49 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1728
Views: 305575

Re: What are you up YTD? [Year To Date]

Here are my stats: Stocks: 70% Bonds: 30% My portfolio: 25.64% (with monthly contribution) Sincerely thank you for all my Boglehead friends. Without you guys, I will probably be off-tracked from my plan long time ago. Thank you for the wisdom and keeping me on track for FI. Happy New Year and let's ...
by Hawaiishrimp
Fri Dec 29, 2017 9:15 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3278
Views: 947669

Re: What Movie Have You Recently Watched?

Star Wars - the last jedi (Highly disappointed. This is the worst star wars storyline ever in my opinion)

Downsizing - the story got worse and worse as it goes.
by Hawaiishrimp
Fri Dec 29, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10627

Re: Suddenly my mortgage doesn't seem that great

Refi to 15 yrs fixed and never pay off early.

I did mine last year, refi from 30 yrs (3.75%) to 15 yrs (2.5%). The rest in taxable making meaningful returns.
by Hawaiishrimp
Tue Dec 26, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: car thread- too much money?
Replies: 85
Views: 6977

Re: car thread- too much money?

I am against new especially you have 0 net worth. I think you should buy 2 reliable new car with extended warranty from Carmax. Aim for $25000 or less for each, save the rest for investment. That's what I'd do if I were you.
by Hawaiishrimp
Fri Dec 15, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Reached 50X annual spending. Now what?
Replies: 56
Views: 6239

Re: Reached 50X annual spending. Now what?

Seriously, you need to start spending that money and enjoy life. Time is precious.
by Hawaiishrimp
Wed Dec 13, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 156
Views: 16825

Re: What to do after losing $117k in stock market?

Simple plan:

1. Payoff ALL student loans asap
2. Save and invest heavy into 3-Funds portfolios (indexes)

Life is that simple.
by Hawaiishrimp
Wed Dec 06, 2017 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 710
Views: 184047

Re: Share your net worth progression

2015: 970k
2016: 1.51M
2017: 2.01M
by Hawaiishrimp
Thu Nov 30, 2017 3:41 am
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 10098

Re: Which crash have you seen it before it is coming?

1. I have called the 2008 recession & 25% housing price drop; I sold my condo & cash out anticipating it. 2. I purposely not to take a higher paying role in the same company since I knew the role will probably be taken over by another person. 3. I called Washington Mutual bankruptcy and asked my fri...
by Hawaiishrimp
Tue Nov 28, 2017 11:51 pm
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 8052

Re: CNBC says Vanguard says 70% Chance of "Correction"

I can't wait for the discount. I have cash to deploy. Bring it on, baby.
by Hawaiishrimp
Tue Nov 28, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Too much house, right?
Replies: 88
Views: 8359

Re: Too much house, right?

With 1 single income, this is pretty high risk. God forbid, if something happen to you, your family could be in financial distress. You don't have a lot in retirement yet, I will buy less house and fund more into retirement and 529. Less house = less stress. That's my opinion. My income is about the...
by Hawaiishrimp
Tue Nov 28, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: What would trigger the NEXT market meltdown?
Replies: 19
Views: 1669

Re: What would trigger the NEXT market meltdown?

Cyber security... interesting, never thought of that.

IMO, it can't be N. Korea, they are too incompetent.
by Hawaiishrimp
Tue Nov 28, 2017 7:24 pm
Forum: Investing - Theory, News & General
Topic: What would trigger the NEXT market meltdown?
Replies: 19
Views: 1669

Re: What would trigger the NEXT market meltdown?

dbr wrote:
Tue Nov 28, 2017 7:11 pm
PFInterest wrote:
Tue Nov 28, 2017 7:09 pm
Anything. Next question.
Or nothing.
Great input. We all know that will be the default answers by Bogleheads. It's a forum and having a conversation is fun. Don't be too stubborn, it's okay to think wild thoughts. Nobody get hurts.
by Hawaiishrimp
Tue Nov 28, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7977

Re: Divs and Cap Gains are killing me

dbr wrote:
Tue Nov 28, 2017 8:58 am
Hawaiishrimp wrote:
Mon Nov 27, 2017 11:28 pm
Well, stop making money. That'll fix it.
But the problem with dividend investing in this case is that you can't stop making (taxable) money.
Donate them all.
by Hawaiishrimp
Tue Nov 28, 2017 6:58 pm
Forum: Investing - Theory, News & General
Topic: What would trigger the NEXT market meltdown?
Replies: 19
Views: 1669

What would trigger the NEXT market meltdown?

What would trigger the NEXT market meltdown? Totally thinking out loud.
by Hawaiishrimp
Mon Nov 27, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7977

Re: Divs and Cap Gains are killing me

Well, stop making money. That'll fix it.
by Hawaiishrimp
Mon Nov 27, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8897

Re: Can I afford a $1,400,000 house

Of course you can. Do it.
by Hawaiishrimp
Mon Nov 27, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique my portfolio and savings
Replies: 7
Views: 878

Re: Please critique my portfolio and savings

IMHO, you need to deploy that $200k into index fund. If it's me, I will do it tomorrow, if not today.
by Hawaiishrimp
Sun Nov 26, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 9753

Re: What did you do right?

What I did right: 1. Read "Millionaire next door" and saved for retirement in my early twenties. 2. Never use my grant money and student loan money, I invested it all. 3. Saved enough for a down payment before housing bubble started. 4. Bought my first condo once I got a full time job. 5. Bought gol...
by Hawaiishrimp
Wed Nov 22, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 2137

Re: How do you define success in your life?

Success (in my case):
- We, as a family, have enough money for fulfill our needs and wants.
- Don't have to work if we choose not to.
- Have good friends and great conversation.
- Kids, wife & I feel love and constantly making good memories! :sharebeer
by Hawaiishrimp
Wed Nov 22, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Safe investments for a declining market
Replies: 19
Views: 3279

Re: Safe investments for a declining market

I suggest to keep buying index fund rain or shine. It's the consistence that gets us there to the finish line. If you insist, do it with your fun money, CostCo was doing really great during the last 2008 meltdown. Food for thoughts. Nobody knows what the future holds.