can I get boglehead approval for a 70K truck?

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helloeveryone
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Re: can I get boglehead approval for a 70K truck?

Post by helloeveryone »

sjl333 wrote: Fri Apr 16, 2021 4:01 am
bstewie wrote: Fri Apr 16, 2021 3:57 am
sjl333 wrote: Fri Apr 16, 2021 3:54 am
bstewie wrote: Fri Apr 16, 2021 3:51 am if you lost more than half your portfolio in 3m while the market has gone up, you probably need to stop gambling a lot more than you want a truck.
was gambling with some spacs, started at 500K, got up to 1.8 mill, went back down to 750K. still went up like 50ish %? cant complain, but was up 200-300%, wish i cashed out in time :oops:
you lost me at “still all-in on tesla and ok with the gamble”
do some more research....if im wrong... i am okay with that... boglehead index fund investing is out-dated. lets meet back in 2030? tesla out here solving real world problems (Self driving AI, battery technology, amazing cars (albeit not the best of qualities), potential for robo-taxis (will make uber/lyft obsolete)). I admit, the FSD still has a lot of work, but i am betting they will figure it out. Lets meet in 2030 and see how well this ages?
You are gambling. Investing in 500 or 3000 US companies is outdated, but going all-in in one electric car company is what your research has shown? I do hope your all in tesla bet works out for you in 2030. Plenty of people on here will be satisfied with their 2 or 3 fund portfolios that won’t beat the market.
helloeveryone
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Re: can I get boglehead approval for a 70K truck?

Post by helloeveryone »

samsoes wrote: Fri Apr 16, 2021 4:48 am
sjl333 wrote: Fri Apr 16, 2021 2:37 am Hello All,

I pre-ordered a cyber truck (70K) but probably wont be able to get it until the next 2-3 years (huge back log).
What the heck is a cyber truck?

Sounds like something not real.
helloeveryone
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Re: can I get boglehead approval for a 70K truck?

Post by helloeveryone »

samsoes wrote: Fri Apr 16, 2021 4:48 am
sjl333 wrote: Fri Apr 16, 2021 2:37 am Hello All,

I pre-ordered a cyber truck (70K) but probably wont be able to get it until the next 2-3 years (huge back log).
What the heck is a cyber truck?

Sounds like something not real.
Tesla’s truck….it’s windows are bulletproof but not proofed against metal balls.

https://www.google.com/amp/s/www.cnbc.c ... -ball.html
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anon_investor
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Re: can I get boglehead approval for a 70K truck?

Post by anon_investor »

helloeveryone wrote: Fri Sep 17, 2021 10:13 pm
samsoes wrote: Fri Apr 16, 2021 4:48 am
sjl333 wrote: Fri Apr 16, 2021 2:37 am Hello All,

I pre-ordered a cyber truck (70K) but probably wont be able to get it until the next 2-3 years (huge back log).
What the heck is a cyber truck?

Sounds like something not real.
Tesla’s truck….it’s windows are bulletproof but not proofed against metal balls.

https://www.google.com/amp/s/www.cnbc.c ... -ball.html
Because bullet are much smaller? Bigger is better? :wink:
rockstar
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Re: can I get boglehead approval for a 70K truck?

Post by rockstar »

Basically, Musk watched Back to the Future Part III and realized that the Cyber Truck would have done better. So he took the time machine and lifted it.

If this is anything like the Model 3, it's probably going to be closer to 100k when it first comes out. If Ford can put out their truck with decent specs, it's going to to eat Tesla's lunch.

I'd wait for both Ford and Tesla to release their trucks before buying either one. In the meantime, I'd get a new/used Tacoma or Tundra.
absolute zero
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Re: can I get boglehead approval for a 70K truck?

Post by absolute zero »

Wow that is one fugly vehicle.
rockstar
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Re: can I get boglehead approval for a 70K truck?

Post by rockstar »

absolute zero wrote: Fri Sep 17, 2021 11:31 pm Wow that is one fugly vehicle.
Yep. It looks like a bad prop vehicle from either Freejack or one of the TekWar made for TV movies.
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firebirdparts
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Re: can I get boglehead approval for a 70K truck?

Post by firebirdparts »

Get the Rivian. Much less hideous.
This time is the same
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Sandtrap
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Re: can I get boglehead approval for a 70K truck?

Post by Sandtrap »

I would buy a 70k+ 1 ton duality company truck to pull construction equipment so 100% deductible and I just happened to have a 30+ foot deep sea fishing boat on a trailer.
However, there are stages of life to buy all kinds of stuff and so forth.

What is a 70k cyber truck?

You have been approved pending approval fees.
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Wiki Bogleheads Wiki: Everything You Need to Know
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Random Musings
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Re: can I get boglehead approval for a 70K truck?

Post by Random Musings »

lthenderson wrote: Fri Apr 16, 2021 1:48 pm What you should really consider is how much Tesla stock you will need to sell to afford all the customizations to your Cybertruck.
Image
Without the smokestack and the truck nuts, seems a bit understated.

RM
I figure the odds be fifty-fifty I just might have something to say. FZ
squirm
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Re: can I get boglehead approval for a 70K truck?

Post by squirm »

CPonzi wrote: Fri Apr 16, 2021 1:18 pm
jebmke wrote: Fri Apr 16, 2021 7:23 am
dukeblue219 wrote: Fri Apr 16, 2021 7:20 am You can't take it with you when you go. Buy the truck.
I’ve never understood why people feel they need permission from random internet people to spend their own money.
IMO the OP isn't asking for advice. Almost all Bogleheads disagree with his investment approach yet he sees the need to point it out... why would he listen to their car purchasing advice. If OP was truly seeking advice on a purchase he would have left the 100% Tesla Asset Allocation out of the post knowing it would divert attention from the Cyber Truck purchase approval.

My question is still, if the OP believes so much in Tesla, why is he driving a Honda and looking to buy a Toyota? There are some great Tesla autos out there now vs. waiting 3 years.
At least it's not one of those "Hi, I have $3.5M in a 401k, $2.5M in an IRA and $1.7M liquid and have no debt, can I buy a used Camry" threads, where they're really just flaunting their wealth and want praise.
MrJones
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Re: can I get boglehead approval for a 70K truck?

Post by MrJones »

mikejuss wrote: Fri Apr 16, 2021 8:50 am Why do you want approval for a purchase by people whose investment philosophy you don't even believe in?
+1. Sounds like a troll to me. Or someone who needs to learn by experience.
Dick D
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Re: can I get boglehead approval for a 70K truck?

Post by Dick D »

If you need to ask for approval, the answer is no.
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