Search found 474 matches

by Maverick3320
Wed Sep 19, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3642

Re: “Majority of working-age Americans have no retirement savings”

So where do all these retired people that I see all over the US come from? I suspect people do not tell pollsters the truth about their savings. +1 Why in the world would I want to reveal my financial status to a government agency? You don't have to. Since all of your bank and investment accounts a...
by Maverick3320
Sat Sep 08, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Careers - From IT to Police Officer
Replies: 23
Views: 2298

Re: Switching Careers - From IT to Police Officer

I have a buddy that did the same thing. He's currently a police officer for a relatively well-paid, fairly low-crime city (Madison, WI). He's burned out. Turns out that responding to three or four domestic incidents in terrible neighborhoods isn't all that fun four nights a week (and you'll be start...
by Maverick3320
Sat Sep 08, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Is it sensible to buy a car from Elon Musk?
Replies: 59
Views: 2996

Re: Is it sensible to buy a car from Elon Musk?

His latest interview, if anything, makes me respect/appreciate him more.
by Maverick3320
Thu Aug 30, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Military career/college options (engineering - nukes?)
Replies: 45
Views: 2657

Re: Military career/college options (engineering - nukes?)

This isn't true...yet. The Army still uses the 2 minutes of push ups, 2 minutes of sit ups, and 2 mile run standard test. The test is scaled to age and gender (still Male/Female as of now). What has changed is that a separate test called the OPAT, taken prior to enlistment/commission, is now requir...
by Maverick3320
Thu Aug 30, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Military career/college options (engineering - nukes?)
Replies: 45
Views: 2657

Re: Military career/college options (engineering - nukes?)

I'll echo some others here and re-emphasize a few things. For what it's worth, I'm a current Army officer. 3) Nukes likely mean Navy. Some Air Force, very little if any Army/Marines. Navy means fairly easy physical training standards (no offense to any Navy folks out there - I agree with the previo...
by Maverick3320
Thu Aug 30, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Military career/college options (engineering - nukes?)
Replies: 45
Views: 2657

Re: Military career/college options (engineering - nukes?)

Lot's of good advice here so far, and no bum dope, except Valuethinker's quip about nukes being quirky and introverted. :happy I'm a Naval Academy graduate and spent 28 years in nuclear powered submarines and wound up being captain of two of them. The first half of my career was on attack submarine...
by Maverick3320
Wed Aug 29, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: Just put $100K into TUR. Analysis inside
Replies: 71
Views: 3229

Re: Just put $100K into TUR. Analysis inside

OP, you ever wrong? If not, you shouldn't be wasting your time on an indexing forum. Buy a yacht and enjoy your riches. :sharebeer BTW, why only $100k? Rarely. Last big call was QAT last year; I defied the embargo and was proven right. Saudi Arabia was jamming fake riyal quotes in November. You can...
by Maverick3320
Wed Aug 29, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: Just put $100K into TUR. Analysis inside
Replies: 71
Views: 3229

Re: Just put $100K into TUR. Analysis inside

I love reading these threads.
by Maverick3320
Tue Aug 28, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9475

Re: Landlord Nightmare

You cannot change the application process. If you normally do not do a "tenant screen/application" you can't just do one on a person randomly. Treat everyone the same. You can't have a separate policies/qualifications for different groups of people. That is discrimination. If I ask for w-2 for peop...
by Maverick3320
Tue Aug 28, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9475

Re: Landlord Nightmare

You cannot change the application process. If you normally do not do a "tenant screen/application" you can't just do one on a person randomly. Treat everyone the same. You can't have a separate policies/qualifications for different groups of people. That is discrimination. If I ask for w-2 for peop...
by Maverick3320
Tue Aug 28, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9475

Re: Landlord Nightmare

You cannot change the application process. If you normally do not do a "tenant screen/application" you can't just do one on a person randomly. Treat everyone the same. You can't have a separate policies/qualifications for different groups of people. That is discrimination. I’m assuming you can chan...
by Maverick3320
Mon Aug 27, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 199
Views: 28078

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

JoeNJ28 wrote:
Mon Aug 27, 2018 1:46 pm
What about a mutual fund only account that doesn’t allow you to buy stocks? I know fidelity still has them.
It would be like Congress passing a "balanced budget" amendment. Anything they can do, they can undo. He'll just trade on another platform.
by Maverick3320
Tue Aug 21, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 7636

Re: Are millennial botching their asset allocations?

As a 27 year old who frequents this website, I am not botching my asset allocations. However, I do find concerning the number of my friends/coworkers who have either little to no ability to save, no concern about their retirement, or just trusting their financial advisor blindly. Is it really surpr...
by Maverick3320
Tue Aug 21, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 7636

Re: Are millennial botching their asset allocations?

As a 27 year old who frequents this website, I am not botching my asset allocations. However, I do find concerning the number of my friends/coworkers who have either little to no ability to save, no concern about their retirement, or just trusting their financial advisor blindly. Is it really surpr...
by Maverick3320
Tue Aug 21, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Military career/college options (engineering - nukes?)
Replies: 45
Views: 2657

Re: Military career/college options (engineering - nukes?)

I'll echo some others here and re-emphasize a few things. For what it's worth, I'm a current Army officer. 1) First and foremost, decide whether military life is an option or not, and then figure out a branch/specialty. Military life is not for everyone. 2) Don't let an enlisted recruiter talk your ...
by Maverick3320
Tue Aug 21, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Military career/college options (engineering - nukes?)
Replies: 45
Views: 2657

Re: Military career/college options (engineering - nukes?)

Here are some things from a veteran: 1) The desire to try things out might lead himself and you to want to try the reserves as a enlisted man. Don't do it despite the recruiter's sales job. If your son does go military go as an officer. To try things out see if he can do some training with the ROTC...
by Maverick3320
Tue Aug 21, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Military career/college options (engineering - nukes?)
Replies: 45
Views: 2657

Re: Military career/college options (engineering - nukes?)

psteinx wrote:
Mon Aug 20, 2018 4:32 pm
So the actual ships that use nuclear propulsion are pretty much just the subs and (I think) carriers, right? Not the mid-sized stuff (destroyers, support ships, etc.)?
Correct.
by Maverick3320
Mon Aug 20, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: Sellers beware on eBay.
Replies: 66
Views: 6228

Re: Sellers beware on eBay.

Stopped using Ebay years ago after someone bought a $40,000 muscle car with my account. No idea how it happened, but I was already on my way out the door after they started increasing fees.

I've poked around on there a few times lately and it seems like a complete mess.
by Maverick3320
Mon Aug 20, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: Establishing Residency as College Tuition Strategy
Replies: 16
Views: 878

Re: Establishing Residency as College Tuition Strategy

I'd move to Wisconsin simply because it's a better state than Illinois... :D In all seriousness, if I had a career with any type of mobility, I would be running, not walking, out of Illinois. The budget situation is going to get a LOT worse before it gets better. You may not be able to plan on tuiti...
by Maverick3320
Sat Aug 18, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13642

Re: Remind me (again) how real estate isn't a GREAT investment?

Hey All, I've been a BH'er for almost a decade now. My self taught education through this forum/others has essentially brought me to a Boglehead style investing model, I have used the lazy 3 fund portfolio with basic rules about taxable accounts/all that for many years and it's gone GREAT and I hav...
by Maverick3320
Thu Aug 16, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2087

Re: Time for new phone, Buy or Lease?

My approach is to buy an unlocked phone and use a discount provider (Cricket, $35/month). Clark Howard has been recommending the Moto G5+ ($219 from Amazon) . I have a Blu phone that I got for under $100. Do you need your phone to do anything advanced? I do the same thing. Don't buy BLU phones, tho...
by Maverick3320
Wed Aug 15, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 11673

Re: Cash flow problems - best way to handle?

I’m also appalled by some of the responses on this thread. There is also an underlying insensitively to many of them. Op is in great shape because she has a career but there is a reason that the majority of households living at the poverty level are headed by women . There are many threads giving w...
by Maverick3320
Wed Aug 15, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 6469

Re: how much car can we afford?

Many (most?) of us here DO have discretionary spending money, even with appropriate retirement/etc., savings. It's the *choice* that matters... more spent on the house, less for cars; more spent on cars, less for vacations or furniture; etc. However, there certainly does seem to be a sub-group of B...
by Maverick3320
Wed Aug 15, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 6469

Re: how much car can we afford?

Many (most?) of us here DO have discretionary spending money, even with appropriate retirement/etc., savings. It's the *choice* that matters... more spent on the house, less for cars; more spent on cars, less for vacations or furniture; etc. However, there certainly does seem to be a sub-group of B...
by Maverick3320
Wed Aug 15, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2451

Re: Is the price of a new car a good proxy for the expense of owning it?

Imagine a person with an annual salary of $60k and net income (after taxes etc.) of $46k, which is about $3,800/month. With living expenses of $1,500/month and retirement savings of $800 per month this person has roughly $1,500 in disposable income. If they spent roughly third of that disposable in...
by Maverick3320
Wed Aug 15, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Housing cost as a % of Income
Replies: 7
Views: 794

Re: Housing cost as a % of Income

OP,

If you use the "Google" box in the upper right hand corner of the screen, you can do key word searches within the Bogleheads forum. There are likely dozens, if not hundreds, of posts that cover this same topic.
by Maverick3320
Tue Aug 14, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 6469

Re: how much car can we afford?

Many (most?) of us here DO have discretionary spending money, even with appropriate retirement/etc., savings. It's the *choice* that matters... more spent on the house, less for cars; more spent on cars, less for vacations or furniture; etc. However, there certainly does seem to be a sub-group of B...
by Maverick3320
Mon Aug 13, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2451

Re: Is the price of a new car a good proxy for the expense of owning it?

Interesting. Intuitively it makes sense, but I can't imagine the market is that efficient, though. For example: new car prices on vehicles that hold their value better than others. If the (rough) new vehicle prices are set by manufacturers, how would that account for resale value? MSRP is set by ma...
by Maverick3320
Mon Aug 13, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2451

Re: Is the price of a new car a good proxy for the expense of owning it?

Interesting. Intuitively it makes sense, but I can't imagine the market is that efficient, though. For example: new car prices on vehicles that hold their value better than others. If the (rough) new vehicle prices are set by manufacturers, how would that account for resale value?
by Maverick3320
Fri Aug 10, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8047

Re: Should I tell my family/friend that they are making a financial mistake?

Have you done it without hurting their feelings? Never give an opinion on anything unless it’s asked for. The only caveat is when if will affect me. For example, I will voice my opinion if my parents were making financial mistakes that will potentially bankrupt them resulting in me having to financ...
by Maverick3320
Mon Aug 06, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: Cost of ownership of buying Model 3 vs keeping my M235i.
Replies: 50
Views: 3179

Re: Cost of ownership of buying Model 3 vs keeping my M235i.

I do have one thing to add, which is the 3-year horizon. That's only relevant if you're only going to keep the car for 3 years. You didn't mention how long you're planning to keep the car. The thing about gas cars is that they have increasingly high average repair bills the older they get, so the l...
by Maverick3320
Mon Jul 30, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 11673

Re: Cash flow problems - best way to handle?

I’m also appalled by some of the responses on this thread. There is also an underlying insensitively to many of them. Op is in great shape because she has a career but there is a reason that the majority of households living at the poverty level are headed by women . There are many threads giving w...
by Maverick3320
Fri Jul 27, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 11673

Re: Cash flow problems - best way to handle?

I’m also appalled by some of the responses on this thread. There is also an underlying insensitively to many of them. Op is in great shape because she has a career but there is a reason that the majority of households living at the poverty level are headed by women . There are many threads giving w...
by Maverick3320
Fri Jul 27, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 11156

Re: Facebook stock in freefall! (20% drop in 1-day)

I'm surprised people are downing Facebook. Their net income was $20.2 billion last year, more than triple what it was in 2015. Amazon's net income last year was just $4.1 billion, yet their market cap is 72% higher than Facebook's. A lot of people are banking a lot on the hopes that Amazon will eve...
by Maverick3320
Fri Jul 27, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9955

Re: Toughest Purchase of my Life. Engagement Ring time

I've spent many months on Blue Nile and I can't push myself to pull the trigger on an engagement ring. :| Although I'm sure my girl would be extremely happy. To me, it's a complete waste of money. How can I get over this? The current ring I'm looking at 1.1 Carat, round diamond, color I, VS2, Perfe...
by Maverick3320
Wed Jul 25, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 16303

Re: New book based on Millionaire Next Door

I've known enough teachers to know that it is often not a 12 hour a day/7 day a week job, unless you are mixing in high-end private schools and/or academia. I would be in the latter group (academia), and my wife's particular job includes non-stop paperwork and forms to file for the state as she is ...
by Maverick3320
Wed Jul 25, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 16303

Re: New book based on Millionaire Next Door

Don't a lot of teachers take side gigs during their summers off? I remember my mom (a teacher) used to teach at the local community college in the summers. I think she mentioned it was worth 3000-4000 per summer. Multiply that by 30 summers, and it adds up pretty quickly. You would think. https://w...
by Maverick3320
Tue Jul 24, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 16303

Re: New book based on Millionaire Next Door

Here's a blog post I created for a blog I have never developed yet on teachers becoming millionaires...I haven't had time to edit so there may be errors :) Can a teacher become a millionaire? For this example, I took the average national public teacher salary based on years of experience and utiliz...
by Maverick3320
Mon Jul 23, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Self Employed 48years old and nothing saved for retirement
Replies: 41
Views: 5461

Re: Self Employed 48years old and nothing saved for retirement

I've owned my homes for years. The first one cost under $40K. Always had mortgage payments less than or equal to what rent would have been. When it was time to retire, I had paid off the mortgage and was ready for a smaller home. Sold my existing home for $1.5M and bought a smaller retirement home ...
by Maverick3320
Fri Jul 20, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 316
Views: 86060

Re: My New Car Buying Tips

I started my email campaign this morning so I thought I'd share my preliminary results! I sent the following email to about 35 dealers (through their "Contact Us" form on their website, with 555-555-5555 for the phone number) within a 75 mile radius of my home: I am in the market for a XXX and woul...
by Maverick3320
Thu Jul 12, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Self Employed 48years old and nothing saved for retirement
Replies: 41
Views: 5461

Re: Self Employed 48years old and nothing saved for retirement

I was a single mother and working paycheck to to paycheck. I went back to school at age 40 to pursue a trade. My money went towards living basically and as mentioned in my original post I am paying down my debt now trying to get in a better place. Remember as you post your replies that everyone has...
by Maverick3320
Thu Jul 12, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: MBA Options
Replies: 46
Views: 4429

Re: MBA Options

I did a part-time MBA (University of Wisconsin). +Networking +Made some great friends +Learned quite a bit about the business world +Helped me professionally -Paid 2/3 out of pocket (around 45k) -Part-time MBA didn't offer much in the way of specialization It sounds like I may be in the minority, bu...
by Maverick3320
Wed Jul 11, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 96
Views: 9222

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

I live in Madison, so I'm biased. I love it here. I think the winter weather and the travel distances to your cabin are somewhat of a wash. I have a three hour drive up to northern WI (Rhinelander) to see family, so I'm in the same boat. Download some good podcasts and get a car with auto cruise con...
by Maverick3320
Tue Jul 10, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6965

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

My view on this is to go back to first principles. The factors that should impact the rise in residential real estate prices should be: 1. Materials cost (wood, fixtures, etc.) - go up roughly with inflation. 2. Labor cost - go up slightly more than inflation. 3. Land cost - the big unknown. Depend...
by Maverick3320
Mon Jul 09, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 6030

Re: Girls and investing

As a female who is also the investing head of the joint household I must say that many of the OP's claims seem very odd to me. My father was a financial analyst who retired at 55 and he gave myself and my brother the same opportunities to learn. I took them and my brother didn't. I asked my dad to ...
by Maverick3320
Thu Jun 21, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Are the Fed and Treasury distorting the MBS market?
Replies: 16
Views: 1714

Re: Are the Fed and Treasury distorting the MBS market?

When are the Fed and Treasury not distorting any type of market?
by Maverick3320
Thu Jun 21, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 34746

Re: What is/ was your career and would you recommend it now?

Military Officer. 90% love it, 10% hate it. PROS: -six figure, low tax salary. -just about the best pension anywhere. -little to no healthcare costs. -get paid to work out and stay in shape. -paid travel. This year: Colorado springs, Austin, Washington DC, Nashville, Chicago, South Carolina. -paid f...
by Maverick3320
Tue Jun 19, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Value of a Military Retirement
Replies: 30
Views: 3723

Re: Value of a Military Retirement

There is definitely a middle path here. I can't speak for other branches but in the Army National Guard our physicians get drill pay and a $25,000 bonus every year. You would then go into your pension at age 60 with a ton of "points" from all your active duty time, and still have access to Tricare R...
by Maverick3320
Mon Jun 18, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 5544

Re: Bitcoin Price Manipulation

I agree with this take. I will say, though, that of these two explanations— 1. Bitcoin’s rapid and sustained rise is due to the fact that it satisfies a real economic need in an elegant way, and people have responded to that; or 2. Bitcoin’s rapid and sustained rise is due to a magical fountain of ...
by Maverick3320
Wed Jun 13, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 9258

Re: Getting killed on taxes - any ideas?

6) Don't let the tax tail wag the dog. Don't take actions simply to avoid taxes. The fact that you have to pay high taxes is an indication that you have high income, and that's not a bad thing. Do what you can to minimize the taxes, but having high income is better than having low or no income I fe...