Search found 393 matches

by Hawaiishrimp
Fri Jun 22, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 117
Views: 9034

Re: How much (green) cash at home for emergency ?

~$1000 - $1500 cash in hands
~$10k in the bank

The rest of the money are working for me.
by Hawaiishrimp
Fri Jun 22, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 77
Views: 5213

Re: Did you celebrate when you finally hit $1m?

I don't recall that we did any celebrating. I think it just happened and we noted it as a milestone, as we had a fair way to go to retirement. Hitting $1M reinforced our investment approach and allowed us to not panic and stay steady through the great recession. A $1M asset base throwing off reinves...
by Hawaiishrimp
Fri Jun 22, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: I want to cash in VTSAX
Replies: 21
Views: 1243

Re: I want to cash in VTSAX

I purchased 20K in VTSAX about a year ago. I'm up 15% in 1 year. If I sell today, and then buy the shares back at another upcoming low, will this be to my benefit? Or will I lose some gains in the long-term by repurchasing at a higher price than my original purchase? Wow, you have a lot of learning...
by Hawaiishrimp
Fri Jun 22, 2018 12:08 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

I have decided not to buy the sport car for a while. After careful consideration, I'd rather reach $3.0MM first. That is always my primary goal. Need to keep that in focus.
by Hawaiishrimp
Thu Jun 21, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 100667

Re: Anyone regret paying off mortgage early?

No, I will not pay off my mortgage early. I am at 2.5% fixed. I rather grow my portfolio than wasting the opportunity cost to build wealth. That "sense of security" is too costly. A friend of mine paid off his house rather than saving for FIRE. All of his net worth is sitting still in home equity an...
by Hawaiishrimp
Thu Jun 21, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 93
Views: 8074

Re: Can you retire on $2M?

At 3.5% withdraw rate, at $2MM, if you can live within $70k pre-tax annually, you should be fine to retire.
by Hawaiishrimp
Tue Jun 19, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 84
Views: 10146

Re: Retire at 50: Should I?

EricJ wrote:
Mon Jun 18, 2018 5:56 pm
Short Version: $3.1M invested at age 50. Can I quit and go fishing now? Please?

Yes, please go buy some nice fishing rods and start fishing. You are done. And, come back and let us know some good fishing spots. Thanks! :sharebeer
by Hawaiishrimp
Tue Jun 19, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

May I give you a bit of a different discussion. I get where you are coming from. You make good money, and have been saving it for years to create the wealth that you have. Spending it frivolously on something so silly as a fancy car just seams down right stupid because any car gets you from A to B....
by Hawaiishrimp
Tue Jun 19, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

The M240 isn't really worth it. The M2 is not all that much more if you pick similar options and the M2 drives a lot better. I've had both the M240 and the M2 on the track and while the M240 is pretty good, the M2 is friggin awesome. The M2 offers more steering feel than the M240 (still numb compar...
by Hawaiishrimp
Tue Jun 19, 2018 1:58 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

The M240 isn't really worth it. The M2 is not all that much more if you pick similar options and the M2 drives a lot better. I've had both the M240 and the M2 on the track and while the M240 is pretty good, the M2 is friggin awesome. The M2 offers more steering feel than the M240 (still numb compar...
by Hawaiishrimp
Mon Jun 18, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

Glockenspiel wrote:
Mon Jun 18, 2018 10:24 pm
Hawaiishrimp wrote:
Mon Jun 18, 2018 4:48 pm

My salary range is: $175k annually
Is this combined income? If so, I’d buy Mazda6, Honda Accord, or Toyota Camry Hybrid. If you really want to splurge, buy an Acura TL.
Not combined, just mine.
by Hawaiishrimp
Mon Jun 18, 2018 9:51 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

If you live in a no-snow area (Hawaii?) you should buy a new BMW M240i; if you live in a snow area you should by a new M240i xDrive. You should be able to get either one for under $50K. You should buy it new so you will have the pleasure of a new car with BMW's four year warranty coverage and so yo...
by Hawaiishrimp
Mon Jun 18, 2018 7:04 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

I’m in a similar situation. Need a new can in next 12-18 months. Just about FI today. I paid in the mid 40s for my last car which I thought was a lot. Now even though I could pay cash for anything, I find myself eying the new accords. I know, so lame. It’s really hard for me to shake my frugal root...
by Hawaiishrimp
Mon Jun 18, 2018 5:59 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

The answer for questions like this is always, "It depends." It mostly depends on your other financial goals. If you spend $1 here, you can't spend it there. It would be perfectly reasonable for you to spend anywhere from $20,000 to $80,000 on a car. Perhaps more, perhaps less. Only you can determin...
by Hawaiishrimp
Mon Jun 18, 2018 5:39 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

arsenalfan wrote:
Mon Jun 18, 2018 4:59 pm
You should buy a 5 door 2018 GTI with DSG (or stick).
No more, no less. $25k out the door - go ahead and buy new if you want and keep for 10+ years.
Why GTI? May I ask?
by Hawaiishrimp
Mon Jun 18, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

Daryl wrote:
Mon Jun 18, 2018 5:36 pm
Honda Civic.

I could afford to drive a "status symbol", but why? The new Civics are a lot of fun!
Civic is on my list.
by Hawaiishrimp
Mon Jun 18, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

For someone like you in a very comfortable financial position, who may value your time at a significant rate, maybe a lease is your best option. You are only tied up for say 3 years, and the car will be under warranty the entire time. Rinse and repeat at a reasonable monthly cost and never have to ...
by Hawaiishrimp
Mon Jun 18, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

Re: How much car to buy reasonably?

Kenkat wrote:
Mon Jun 18, 2018 5:17 pm
Considering that your avatar is a yellow BMW, you should buy a yellow BMW.
With all the bad things I heard about BMW reliability and high cost of maintenance, I am probably not considering BMW... unfortunately.
With the exception of M240 or M2... I really like that car look and sound.
by Hawaiishrimp
Mon Jun 18, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4807

How much car to buy reasonably?

Hi there, I am looking to buy a daily car for commute and fun. I am planning to buy used/certified vehicle in order to avoid the huge initial depreciation. Some of the cars I am considering (used/certified): Miata, BRZ, 911 or Cayman, audi a5/s5, etc. Fun to drive is what I'm looking for. Early 40's...
by Hawaiishrimp
Tue Jun 12, 2018 10:38 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?

Currently, I don't include SS in my planning. I consider it something that may not be there when I claim it.
by Hawaiishrimp
Fri Feb 09, 2018 11:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435093

Re: U.S. stocks in freefall

"I am free~~ Freefalling~~!"
by Hawaiishrimp
Mon Feb 05, 2018 9:09 pm
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 16948

Re: Blood in the water- buying?

I wish it drops more so I can get some more shares. Seriously.
by Hawaiishrimp
Sun Feb 04, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 14668

Re: Financial Hole

How old are you? If young, can you move back in with your folks. Are there ways you can cut expenses. With a 12 hours workday - are you working 2 jobs or going to school and working ? What is your income / expenses / debts? It's hard to give meaningful advise without having any specifics. One thing...
by Hawaiishrimp
Fri Feb 02, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: Substitute for taking a shower?
Replies: 64
Views: 7110

Re: Substitute for taking a shower?

The substitute is: Don't get to Cape Town for a golf trip, go elsewhere where you can take a shower. 8-)
by Hawaiishrimp
Fri Feb 02, 2018 8:58 pm
Forum: Investing - Theory, News & General
Topic: Increased Risk Of Stock Bear Markets To Retirees
Replies: 5
Views: 1404

Re: Increased Risk Of Stock Bear Markets To Retirees

Looking at the posts in the past few days, looks like lots of "fear" in the Bogleland. That means it's time: Get ready to buy more shares.
by Hawaiishrimp
Mon Jan 29, 2018 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 35034

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I had one for precisely a month and then I fired him. It costs me too much money (1%). [OT comment removed by moderator prudent]
by Hawaiishrimp
Mon Jan 29, 2018 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Still working out of greed or fear?
Replies: 46
Views: 5307

Re: Still working out of greed or fear?

I'm FI this year, age 42. However, I am not RE yet. I think I need to save a little more for the kids' 529. I also worry about rising healthcare cost and unknown expenses. In short, out of fear for sure.
by Hawaiishrimp
Sun Jan 28, 2018 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.
Replies: 65
Views: 5010

Re: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.

nutshellml wrote:
Sun Jan 28, 2018 2:50 pm
Hawaiishrimp wrote:
Sun Jan 28, 2018 2:48 pm
May I ask what job pays $80k pension? That's awesome.
Government Investigator, series 1811, it's basically 1.7% of your high-3 average salary for first 20 years PLUS 1% for every year exceeding the 20.
That is awesome. I am not gonna lie; I am jealous of your $80k pension. :sharebeer
by Hawaiishrimp
Sat Jan 27, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: New Member 401k investing help
Replies: 10
Views: 624

Re: New Member 401k investing help

FID 500 INDEX INST (FXSIX) Stock Investments Large Cap 0.03% FID EXT MKT IDX PR (FSEVX) Stock Investments Mid-Cap 0.07% Questions: 1. Could someone please give me some advice on the 401k investment options in my plan? 81% FXSIX and 19% FSEVX would approximate 100% U.S. Total Stock Market. That is o...
by Hawaiishrimp
Sat Jan 27, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 7396

Re: Who taught you about financial responsibility?

No, my parents don't know shit about personal finance. I read Millionaire Next Door and learn my way up.
by Hawaiishrimp
Sat Jan 27, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Turn 75,000 into 1 million
Replies: 42
Views: 7316

Re: Turn 75,000 into 1 million

Any advice how to turn 75,000 into 1 million by age 65? Current age is 43...or is it impossible? If you don't put additional money. you will need to make 10.5% return per year to reach that goal which seems difficult. If you put an additional ~$1000 annually. you will only need 7% return per year t...
by Hawaiishrimp
Fri Jan 26, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 8396

Re: How do you decide how wealthy you really are?

1. Take a snapshot once a week of all my assets.
2. Check if I can pay a supercar with cash (e.g. 918 spyder). Yup, I still can. :beer
by Hawaiishrimp
Thu Jan 25, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Is it time to ditch FB stock
Replies: 3
Views: 483

Re: Is it time to ditch FB stock

I dumped FB for a while now. FB is not the future. Theirs ads (spam) is killing it slowly.
by Hawaiishrimp
Thu Jan 25, 2018 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 734
Views: 202851

Re: Share your net worth progression

Early 40s, two kids. I also live in HCOL. Didn't check NW until late 2nd half of 2017. :oops:

2018 - $2,135,405
by Hawaiishrimp
Thu Jan 25, 2018 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 17525

Re: Dear wife quits job and now we are down to 1 income

1. DW finds a full time job

No other feasible options here. In your case, you need the 2nd income.
by Hawaiishrimp
Thu Jan 25, 2018 3:10 am
Forum: Personal Finance (Not Investing)
Topic: Should I focus on paying down student loans during a Bear Market?
Replies: 14
Views: 1201

Re: Should I focus on paying down student loans during a Bear Market?

You should always focus on paying off student loans regardless of market condition.
by Hawaiishrimp
Wed Jan 24, 2018 11:16 pm
Forum: Personal Consumer Issues
Topic: Board game for 3 year old
Replies: 36
Views: 2006

Re: Board game for 3 year old

Jenga?
by Hawaiishrimp
Wed Jan 24, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: Dalio says bonds have entered a bear market
Replies: 96
Views: 10294

Re: Dalio says bonds have entered a bear market

I agree to this at least: "No one knows the future of markets and all predictions are best taken as a grain of salt."
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: 82
Views: 6360

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: 1461

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: 4249

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: 4249

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: 4086

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: 4249

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: 4249

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: 4249

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: 4249

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: 4249

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...