Bogleheads.org

ThunderTurtle

Thank you all for the insight.

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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.

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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.

ThunderTurtle

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.

ThunderTurtle

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...

ThunderTurtle

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 ...

ThunderTurtle

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...

ThunderTurtle

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.

ThunderTurtle

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.

ThunderTurtle

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.

ThunderTurtle

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.

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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.

ThunderTurtle

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...

ThunderTurtle

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.

ThunderTurtle

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

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

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!

ThunderTurtle

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...

ThunderTurtle

Zoning usually keeps mobile homes out of nice/safe areas. Severe weather is another reason for the country's middle portion.

ThunderTurtle

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'...

ThunderTurtle

I've also been enjoying the Little Women soundtrack by Alexandre Desplat. Beautiful music (much better than the movie itself).

ThunderTurtle

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...

ThunderTurtle

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.

ThunderTurtle

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 ...

ThunderTurtle

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 ...

ThunderTurtle

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?

ThunderTurtle

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:

ThunderTurtle

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 ...

ThunderTurtle

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...

ThunderTurtle

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...

ThunderTurtle

...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...

ThunderTurtle

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...

ThunderTurtle

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

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