Search found 67 matches

by ThunderTurtle
Tue Apr 28, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 1175

Re: how to set up self employed business?

Thank you all for the insight.
by ThunderTurtle
Tue Apr 28, 2020 1:58 pm
Forum: Personal Consumer Issues
Topic: Toyota vs. Kia Quality & Longevity
Replies: 82
Views: 6038

Re: Toyota vs. Kia Quality & Longevity

Mazda became a favorite in the past 10 years. They have only recently taken a liking to Kia/Hyundai products, reflective of the efforts the corporation has put into increasing its standing. Most people who complain about C/D or MT are those who get offended when their brand of choice gets a poor re...
by ThunderTurtle
Tue Apr 28, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 1175

Re: how to set up self employed business?

I think there might be some situations (like an LLC that owns property), but for consulting business where all interactions with the LLC are also interactions with the consultant I can't see how one can claim that the consultant isn't personally liable for there own actions. Maybe my perspective is...
by ThunderTurtle
Tue Apr 28, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 1175

Re: how to set up self employed business?

Some here seem to be saying that a single member LLC offers no protection beyond sole proprietorship because there is one owner and that a multiple owner LLC offers more protection. No. What's being said is that an LLC will not protect you from liability arising from your own negligent actions. Nob...
by ThunderTurtle
Tue Apr 28, 2020 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 1175

Re: how to set up self employed business?

I think there is some misunderstanding here so let me post this. Some here seem to be saying that a single member LLC offers no protection beyond sole proprietorship because there is one owner and that a multiple owner LLC offers more protection. This is only true if the single owner is piercing the...
by ThunderTurtle
Tue Apr 28, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 1175

Re: how to set up self employed business?

CFM300 wrote: Tue Apr 28, 2020 12:35 pm
ThunderTurtle wrote: Tue Apr 28, 2020 12:26 pm Notice that one of the three owners had no knowledge in this example.
We're talking about a sole prop vs. a one-owner LLC. If multiple owners or employees, then yes, of course you need an LLC, LLP, or corporate structure for liability.
The only difference is with taxes, not liability.
by ThunderTurtle
Tue Apr 28, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: Toyota vs. Kia Quality & Longevity
Replies: 82
Views: 6038

Re: Toyota vs. Kia Quality & Longevity

Have you ever seen a KIA being driven in the desert or forest by terror groups?? Seriously all they drive are Toyotas. I have owned a few Toyotas, very reliable. A Tacoma had 180K on it and I sold it in 2 days when I was ready to upgrade. What an odd statement. The reason Kia's aren't seen regularl...
by ThunderTurtle
Tue Apr 28, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 1175

Re: how to set up self employed business?

The LLC limits your personal liability. Only the company is liable. From NOLO: "There is one extremely significant exception to the limited liability provided by LLCs. This exception exists in all states. If you form an LLC, you will remain personally liable for any wrongdoing you commit durin...
by ThunderTurtle
Tue Apr 28, 2020 11:18 am
Forum: Personal Consumer Issues
Topic: Toyota vs. Kia Quality & Longevity
Replies: 82
Views: 6038

Re: Toyota vs. Kia Quality & Longevity

As former Toyota owners (happy ones), we chose the Telluride and have no regrets so far. Consumer Reports expects above average reliability (amazing for first model year) and I believe ranks them #9 of 30 on that point. Kias have a 100K mile, 10 year powertrain warranty. We expect to keep for 10 yea...
by ThunderTurtle
Tue Apr 28, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 1175

Re: how to set up self employed business?

I will add that depending on the type of consulting she's doing, she may fine operating as a sole proprietor without setting up an LLC, S-Corp, etc. Please don't do that. You'd be risking all of your personal assets in a lawsuit. The LLC limits your personal liability. Only the company is liable. A...
by ThunderTurtle
Tue Apr 28, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 1175

Re: how to set up self employed business?

Single member LLC is simpler than S Corp. She'd basically be a sole proprietor but with the protection of an LLC. She'd file Schedule C profit and loss with 1040 each year. You can enter the computer and phone on Schedule C if they're for business use. That's where she'd list expenses. Open a busine...
by ThunderTurtle
Wed Apr 22, 2020 9:03 am
Forum: Personal Investments
Topic: Different Spin on the question of "Should I pay of the house or Invest.."
Replies: 73
Views: 4773

Re: Different Spin on the question of "Should I pay of the house or Invest.."

Consider having a mortgage can cause financial duress in the future. There's a thread I looked at today where a person fears losing their job and is worried about paying their property tax. They're considering selling their house. I don't know if they have a mortgage or not but not having one certai...
by ThunderTurtle
Wed Apr 22, 2020 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4641

Re: Advice on buying a weekend car

A Camaro SS today or a Corvette Z06 in 15 years. That is the question. I usually delay gratification but if this is the choice I'd probably choose to have some fun today. :D
by ThunderTurtle
Wed Apr 22, 2020 8:49 am
Forum: Personal Investments
Topic: Different Spin on the question of "Should I pay of the house or Invest.."
Replies: 73
Views: 4773

Re: Different Spin on the question of "Should I pay of the house or Invest.."

randomguy wrote: Wed Apr 22, 2020 8:40 am It is much easier to invest when you have money in your pocket rather than locked up in a house:)
You have less money in your pocket when you're paying a mortgage.
by ThunderTurtle
Wed Apr 22, 2020 8:47 am
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 15344

Re: Deflation is everywhere. Get used to it.

housing has not fallen, that is a joke... I live in LA, housing here has skyrocketed, even higher than the 2007 peak.. and both home prices and rents are still rising despite millions unemployed right now.. not sure why. People aren't selling so inventory is still low. It's interesting that there a...
by ThunderTurtle
Wed Apr 22, 2020 8:40 am
Forum: Personal Consumer Issues
Topic: 2020 Highlander - any owners
Replies: 43
Views: 4242

Re: 2020 Highlander - any owners

I think a lot depends on how long you keep them...you make get 100K out of about anything nowdays..if you are looking LONG term which most folks dont anyway Toyota is a slam dunk. My goal is always to keep a car for ten years while saving cash for the next one. We drive average or less so I expect ...
by ThunderTurtle
Wed Apr 22, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 5107

Re: Delay mortgage payments under CARES Act

Well said, galawdawg. The PPP "loans" shouldn't be forgivable. Mortgage forbearance isn't. I wonder what percentage of businesses have six months of operating expenses in store. Certainly we know most households don't have an emergency fund. It's a problem with our excessive consumer menta...
by ThunderTurtle
Wed Apr 22, 2020 8:13 am
Forum: Personal Investments
Topic: Different Spin on the question of "Should I pay of the house or Invest.."
Replies: 73
Views: 4773

Re: Different Spin on the question of "Should I pay of the house or Invest.."

Excellent. I think you had answered your own question in the beginning.
However, I'm in the camp of no debt, I sleep better at night knowing I don't owe a buddy $10 much less $150K to a bank.
Me too and it's easier to invest more without debt.
by ThunderTurtle
Wed Apr 22, 2020 7:52 am
Forum: Personal Consumer Issues
Topic: Eating out after lock-down is lifted
Replies: 112
Views: 10610

Re: Eating out after lock-down is lifted

michaeljc70 wrote: Tue Apr 21, 2020 12:45 pm
SimonJester wrote: Tue Apr 21, 2020 12:41 pm
Boglegirl81 wrote: Sun Apr 19, 2020 2:11 pm Off-topic, but I can’t wait for Costco to start sampling again.
I hope this never comes back... Its the worst part of Costco...
Agreed. Dozens of people blocking the aisles to get 17 cents worth of food for free.
Hah, it was one of the best parts of my childhood.
by ThunderTurtle
Wed Apr 22, 2020 7:49 am
Forum: Personal Investments
Topic: VG cut MM rates Apr 20
Replies: 18
Views: 2555

Re: VG cut MM rates Apr 20

I can see how it would look like a sudden cut if you had not checked the yield in a few months. I guess it is pretty drastic looking at it from that perspective. Hopefully high yield savings like Discover, Ally and others will stick higher longer than MMFs.
by ThunderTurtle
Wed Apr 22, 2020 7:45 am
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6872

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

ScooterBob wrote: Tue Apr 21, 2020 5:16 pm ...please go to a Mazda and Subaru dealer, preferably while the dealership is closed, and check the visual quality control.
Bob
Truth be told, that's the best way to look at a Mazda. They make other bad dealership experience seem "okay" by comparison.
by ThunderTurtle
Wed Apr 22, 2020 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 5107

Re: Delay mortgage payments under CARES Act

For example, they do allow banks to ask for ENTIRE MISSED PAYMENT to be paid in one ballooon lump sum. This will lead people to forecloseures crashing the market if so and backfire. This is the scary part and I hope people are aware of the possibility when they take advantage of forbearance. It's n...
by ThunderTurtle
Wed Apr 22, 2020 7:15 am
Forum: Personal Investments
Topic: VG cut MM rates Apr 20
Replies: 18
Views: 2555

Re: VG cut MM rates Apr 20

VMFXX has been dropping little by little for a while and more so as of late. It's down to 0.5%. It was at 0.71% on April 1 and 1% not too long before. I believe it was well over 1.5% a year ago. I moved my cash to Ally High Yield 1.5% earlier this month. I don't see any point of staying in a MMF rig...
by ThunderTurtle
Tue Apr 21, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 15344

Re: Deflation is everywhere. Get used to it.

Real estate prices in Dallas are falling: https://www.dallasnews.com/business/real-estate/2020/04/06/d-fw-home-sales-asking-prices-are-already-headed-down/ I do think real estate prices will decline over time but that same article says Miami is down 19% while Los Angeles is up 27%. How does one mak...
by ThunderTurtle
Tue Apr 21, 2020 12:02 pm
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6872

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

FireSekr wrote: Tue Apr 21, 2020 11:46 am
quantAndHold wrote: Mon Apr 20, 2020 11:14 pm Mazda 3. Toyotas are deadly dull.
This
That 301 hp Camry is pretty compelling. I'd like to mash the gas on that thing. I wonder how it handles. Certainly doesn't look as nice as a Mazda.
by ThunderTurtle
Tue Apr 21, 2020 11:52 am
Forum: Personal Consumer Issues
Topic: 2020 Highlander - any owners
Replies: 43
Views: 4242

Re: 2020 Highlander - any owners

As someone that works under these cars may I throw in my 2 cents worth...KIA is nice car but get under the car and look at the Toyota and KIA both after 100K...not even close...if you only keep em for a few years...no worries..Toyota costs more for a good reason...not saying any car is perfect...bu...
by ThunderTurtle
Tue Apr 21, 2020 11:17 am
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6872

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

We bought a Corolla years ago when price was more important than space and comfort. Today it'd be a Camry. I wouldn't consider a Prius.
by ThunderTurtle
Fri Apr 17, 2020 8:31 am
Forum: Personal Investments
Topic: Anyone preparing to sell all their stock holdings to raise cash?
Replies: 36
Views: 3303

Re: Anyone preparing to sell all their stock holdings to raise cash?

Since the market is getting close again to the highs set early this year do you guys plan to sell into the rally tomorrow and raise cash so during the next downturn we will have more cash to buy stocks? There's going to be a rally today? https://media.giphy.com/media/xUySTUgk1TuWzGC6qc/giphy.gif
by ThunderTurtle
Wed Apr 15, 2020 2:29 pm
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 226
Views: 28211

Re: Please share some lifestyle creep you regret.

Let me just say that if your car is ever totaled and the rental company upgrades you for free to a big smooth SUV, don't get used to it! I personally loathe driving large SUVs. I refuse any such "upgrade." We have two cars, an SUV and a coupe. I hate driving the SUV around town. Long dist...
by ThunderTurtle
Wed Apr 15, 2020 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 5107

Re: Delay mortgage payments under CARES Act

To be clear, I can make the payments -- I'm just thinking of taking advantage to increase cash on hand Are you "experiencing a financial hardship due to the COVID-19 emergency"? If not, then you don't qualify. You can make a case that a 20% drop in your investment account balance is a fin...
by ThunderTurtle
Wed Apr 15, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 5107

Re: Delay mortgage payments under CARES Act

To be clear, I can make the payments -- I'm just thinking of taking advantage to increase cash on hand Are you "experiencing a financial hardship due to the COVID-19 emergency"? If not, then you don't qualify. You can make a case that a 20% drop in your investment account balance is a fin...
by ThunderTurtle
Wed Apr 15, 2020 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Why not buy mobile homes instead of overpriced traditional homes?
Replies: 82
Views: 9256

Re: Why not buy mobile homes instead of overpriced traditional homes?

I've often wondered why a house cost ten times more in some areas of the country than a similar house cost in other areas. I guess most of the cost is in the land because I wouldn't think it cost that much more to build a house in a HCOL area than it does in a LCOL area. Fees and regulations vary b...
by ThunderTurtle
Wed Apr 15, 2020 11:20 am
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 226
Views: 28211

Re: Please share some lifestyle creep you regret.

We bought and later sold a RV. I did a ton of research before buying, but the amount of money involved is astronomical. Reminds me of what my father thought about them. He said motels are a bargain. My parents ended up renting theirs out before selling it. It made them work even when they weren't u...
by ThunderTurtle
Wed Apr 15, 2020 11:14 am
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 226
Views: 28211

Re: Please share some lifestyle creep you regret.

Let me just say that if your car is ever totaled and the rental company upgrades you for free to a big smooth SUV, don't get used to it!
by ThunderTurtle
Wed Apr 15, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Why not buy mobile homes instead of overpriced traditional homes?
Replies: 82
Views: 9256

Re: Why not buy mobile homes instead of overpriced traditional homes?

So... why aren't people buying mobile/manufactured homes instead? Please help me understand what I'm missing. Whenever this topic comes up, the terminology becomes an issue. There is a big difference between mobile homes (i.e., trailers) and other "manufactured homes" or prefab homes that...
by ThunderTurtle
Wed Apr 15, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Why not buy mobile homes instead of overpriced traditional homes?
Replies: 82
Views: 9256

Re: Why not buy mobile homes instead of overpriced traditional homes?

Zoning usually keeps mobile homes out of nice/safe areas. Severe weather is another reason for the country's middle portion.
by ThunderTurtle
Wed Apr 15, 2020 10:33 am
Forum: Investing - Theory, News & General
Topic: Life Strategy VS Target Date funds
Replies: 12
Views: 1468

Re: Life Strategy VS Target Date funds

Currently in a target date fund with my Roth on Vanguard as I don't want to mess with it. Good or bad call? I chose Target Retirement for the same reason. Good call for those of us who want to keep things really simple. Not great in taxable, though... Does one have a more tax-efficient approach? I'...
by ThunderTurtle
Wed Apr 15, 2020 10:11 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1563
Views: 93462

Re: What are you listening to now

I've also been enjoying the Little Women soundtrack by Alexandre Desplat. Beautiful music (much better than the movie itself).
by ThunderTurtle
Wed Apr 15, 2020 10:07 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1563
Views: 93462

Re: What are you listening to now

Lately I've been enjoying these. Go! Louis La Roche Remix (imagine a NASA launch, remixed) Le Mans 66 - Marco Beltrami, Buck Sanders (Ford vs Ferarri soundtrack) Forgiveness (Neon Feather Remix) - Tobymac, Lecrae, Neon Feather Way Maker - Mandisa (got hooked on this for Easter) For the Glory of Your...
by ThunderTurtle
Tue Apr 14, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 5107

Re: Delay mortgage payments under CARES Act

hank10 wrote: Mon Apr 13, 2020 5:17 pmTo be clear, I can make the payments -- I'm just thinking of taking advantage to increase cash on hand
Are you "experiencing a financial hardship due to the COVID-19 emergency"? If not, then you don't qualify.
by ThunderTurtle
Thu Apr 09, 2020 7:25 am
Forum: Personal Investments
Topic: dry powder increasing
Replies: 52
Views: 4801

Re: dry powder increasing

Build up a separate fund for times like this if you want but don't use your EF. The point is to have it immediately available when you need it and you will never know when you're going to need it. My personal opinion is that the three month rule is too short. It takes some people six months or even ...
by ThunderTurtle
Thu Apr 09, 2020 7:10 am
Forum: Personal Consumer Issues
Topic: What will you do first, once COVID pandemic is over?
Replies: 271
Views: 18367

Re: What will you do first, once COVID pandemic is over?

Stock up on a few weeks of food, toilet paper and sanitizer. It's no longer fun trying to get delivery or pickup. Resume our plan to visit family in California. Start watching real estate prices with hope that we can move back to California without a fat mortgage (Texas has allowed us mortgage-free ...
by ThunderTurtle
Wed Apr 08, 2020 11:05 am
Forum: Personal Investments
Topic: dry powder increasing
Replies: 52
Views: 4801

Re: dry powder increasing

watchnerd wrote: Wed Apr 08, 2020 10:57 am I'm not sure this site is about what it used to be about.
Maybe registration should ask about books read or present a quiz?
by ThunderTurtle
Wed Apr 08, 2020 10:30 am
Forum: Personal Investments
Topic: dry powder increasing
Replies: 52
Views: 4801

Re: dry powder increasing

I think market timing is just irresistible (thinking about it, at least). I feel like asking with indignation why there is so much discussion about market timing on these Bogleheads forums before realizing my own thoughts are not so pure. I used to wonder why the books had chapters on emotion. :oops:
by ThunderTurtle
Wed Apr 08, 2020 10:18 am
Forum: Personal Consumer Issues
Topic: Any Minimalists on here?
Replies: 300
Views: 30343

Re: Simplicity

Simplicity in investing for me is: - Vanguard Target Retirement Fund instead of rebalancing myself - SEP IRA instead of Self-Employed 401(k) In my business it means: - No employees - Easily scalable products only Personally it means: - Avoid debt at all costs - Less is more with regard to tangibles ...
by ThunderTurtle
Wed Apr 08, 2020 10:01 am
Forum: Personal Investments
Topic: How often do you add money to stock market?
Replies: 48
Views: 3827

Re: How often do you add money to stock market?

For the OP, who has irregular income, automated investment might not work I'm self employed with an irregular income as well. My approach is to set a fixed amount to cover expenses. Any that exceeds this amount goes into "surplus" savings. On lower months I can take from that surplus whic...
by ThunderTurtle
Wed Apr 08, 2020 9:48 am
Forum: Personal Investments
Topic: How often do you add money to stock market?
Replies: 48
Views: 3827

Re: How often do you add money to stock market?

Have you seen this? Managing a windfall: https://www.bogleheads.org/wiki/Managing_a_windfall. I had a windfall when selling part of my business but put it towards paying off my house. If I were to have put it toward retirement I'd probably have divided it by 12 and invested once per month. Seems lik...
by ThunderTurtle
Wed Apr 08, 2020 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Reducing home buying price due to coronavirus uncertainty?
Replies: 49
Views: 4233

Re: Reducing home buying price due to coronavirus uncertainty?

...huge swaths of the country are applying for zero payments for months? Hard to beat mortgage free living. CARES should prevent or delay a large number of foreclosures. Two-thirds of mortgages are federally backed. Borrowers only need to say the virus is making things hard. https://www.youtube.com...
by ThunderTurtle
Tue Apr 07, 2020 10:54 am
Forum: Personal Investments
Topic: Guys I Rebalanced (Moved Monies Out Of S&P 500)
Replies: 301
Views: 18802

Re: Guys I Rebalanced (Moved Monies Out Of S&P 500)

This has certainly been an interesting thread. 10% the next day! What were the chances of that? This is a good time for anyone to review chapter 13 of The Bogleheads' Guide to Investing: Performance Chasing and Market Timing are Hazardous to Your Wealth. I know crazy thoughts don't struggle to enter...
by ThunderTurtle
Tue Apr 07, 2020 6:57 am
Forum: Personal Consumer Issues
Topic: Gardening 2020
Replies: 227
Views: 18092

Re: Gardening 2020

I decided to stop growing thing we don't love so this year it's all cantaloupe and watermelon. :)

Hoping to get our first harvest of peaches from our little fruit tree: https://www.amazon.com/Grow-Little-Frui ... 1612120547