Edmunds Members - Cars and Conversations (Archived)

Mr_Shiftright · April 2019

RE: Retiring at age 40 --that leaves you 40 years (!!) to figure out what to do with yourself. Besides, at age 80 you're not going to look very good in a Batman costume. Well I suppose you could be ElderBat or something.

stickguy · April 2019

40, is fine if really loaded so can live a luxury lifestyle. I think 60 and well-off comfy is perfect. Much easier to travel when not working, and young enough. I’m still hoping to semi-retire at 62 (getting a part time gig to fill the gap) and catch up on places we want to go.

pensfan83 · April 2019

I'm happy having enough money to give the family yearly vacations, live in a nice house in a nice school district, pay for the ever increasing amount of sports activities, and still have enough to put away for college and retirement. Oh yeah and drive decent cars too.

tjc78 · April 2019

stickguy said:

Nice down there. Certainly cheaper than SH! Though so is Malibu at this point. We stopped going to the BW years ago when the kids got older. None of the adults could take it! Those rides beat you up when you top 50.

Yes SH is out for sure! I’ve seen some decent two bed/two bath condos in the mid 200s in the Crest. If we go much more than that part of the summer will have to be rented and we don’t want that.

I know some people who do M-F rentals for people at work, extended family, etc. Offsets some of the cost and still gives you the weekends.

stickguy · April 2019

That, pretty much sounded like our plan. Now when we finish paying off the house and college, can start looking into the retirement piece!

qbrozen · April 2019

With just 15 years till my 60th bday, I very much doubt I'll be retiring at that time.

ruking1 · April 2019

abacomike said:

driver100 said:

fintail said:
Was this an S-Class or higher AMG model or something? That's a big payment.

ruking1 said:

I’m a tad confused here. One spends $ 600. + on a new 2018? Miles? MB lease, unscheduled maintenance: alignment. In addition, spending say $1,432. per mo (lease) did not guarantee NO unscheduled maintenance. Indeed, it will cause/caused higher $ tire/s replacement & another alignment/check.

If I had a $600 unscheduled maintenance bill on a Honda Pilot with 136,000 miles, I’d pretty close to demand they cover it, warranty or NOT.

Your 2nd paragraph can be better, easily seen by CPMD: aka., $cost per mile driven.

I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge.

I am really confused....I have no idea what the $600+ on a new 2018? Miles? MB lease......etc was all about.

And ruking says: "I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge"

What does this mean?

I am sure some cars get to 250000 miles and are OK, my neighbors VW diesel had 300000 miles on it when the engine froze up. Some cars are fine for 400k miles, but, I would rather not risk the car dying on me before I can get something for it as a trade in. There is no right or wrong...it is what your gambling/tolerance level is.

You know....bulls and bears can make money in the market, but pigs can get slaughtered. Same kind of theory.
The only person on this forum who has a 2018 S Class Mercedes and pays about $600 per month on a lease with MB Leasing and has had alignments, etc., is me. So I am assuming "ruking" was attempting some sort of "slam" against me. I do not want to respond to his comments, although there are many, but I decided to respond to yours since you questioned what the heck he was talking about. There, I'm done!

A slam again you? NO! But they were simple questions in the discussion you didn’t answer.

In cars, for up to 250,000 miles, my large sedan choices would be: Lexus ES 350, ES 300h, Toyota Avalon, h.😎

abacomike · April 2019

ruking1 said:

Was this an S-Class or higher AMG model or something? That's a big payment.
I’m a tad confused here. One spends $ 600. + on a new 2018? Miles? MB lease, unscheduled maintenance: alignment. In addition, spending say $1,432. per mo (lease) did not guarantee NO unscheduled maintenance. Indeed, it will cause/caused higher $ tire/s replacement & another alignment/check. If I had a $600 unscheduled maintenance bill on a Honda Pilot with 136,000 miles, I’d pretty close to demand they cover it, warranty or NOT. Your 2nd paragraph can be better, easily seen by CPMD: aka., $cost per mile driven. I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread. I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge.

I am really confused....I have no idea what the $600+ on a new 2018? Miles? MB lease......etc was all about. And ruking says: "I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread. I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge" What does this mean? I am sure some cars get to 250000 miles and are OK, my neighbors VW diesel had 300000 miles on it when the engine froze up. Some cars are fine for 400k miles, but, I would rather not risk the car dying on me before I can get something for it as a trade in. There is no right or wrong...it is what your gambling/tolerance level is. You know....bulls and bears can make money in the market, but pigs can get slaughtered. Same kind of theory.
The only person on this forum who has a 2018 S Class Mercedes and pays about $600 per month on a lease with MB Leasing and has had alignments, etc., is me. So I am assuming "ruking" was attempting some sort of "slam" against me. I do not want to respond to his comments, although there are many, but I decided to respond to yours since you questioned what the heck he was talking about. There, I'm done!
A slam again you? NO! But they were simple questions in the discussion you didn’t answer. In cars, for up to 250,000 miles, my large sedan choices would be: Lexus ES 350, ES 300h, Toyota Avalon, h.😎

I was not part of the discussion. I was totally uninvolved in it. I was totally confused as was Driver100. Have no idea how a 2018 S Class MB lease with new tires, alignment, etc. became part of YOUR discussion. That’s all!

dino001 · April 2019

ruking1 said:

I’m a tad confused here. One spends $ 600. + on a new 2018? Miles? MB lease, unscheduled maintenance: alignment. In addition, spending say $1,432. per mo (lease) did not guarantee NO unscheduled maintenance. Indeed, it will cause/caused higher $ tire/s replacement & another alignment/check.

If I had a $600 unscheduled maintenance bill on a Honda Pilot with 136,000 miles, I’d pretty close to demand they cover it, warranty or NOT.

Good luck with that one. You'll probably have to wait 20 minutes for them to stop laughing, before they set dogs on you.

ruking1 · April 2019

dino001 said:

ruking1 said:

I’m a tad confused here. One spends $ 600. + on a new 2018? Miles? MB lease, unscheduled maintenance: alignment. In addition, spending say $1,432. per mo (lease) did not guarantee NO unscheduled maintenance. Indeed, it will cause/caused higher $ tire/s replacement & another alignment/check.

If I had a $600 unscheduled maintenance bill on a Honda Pilot with 136,000 miles, I’d pretty close to demand they cover it, warranty or NOT.
Good luck with that one. You'll probably have to wait 20 minutes for them to stop laughing, before they set dogs on you.

Too funny! 🎭 I guess simple questions & comparisons are not so simple? It reminds me of that song, “Who Let The Dogs Out “? RUFF, RUFF....

driver100 · April 2019

pensfan83 said:
I'm happy having enough money to give the family yearly vacations, live in a nice house in a nice school district, pay for the ever increasing amount of sports activities, and still have enough to put away for college and retirement. Oh yeah and drive decent cars too.

Sounds like a perfect plan. Especially driving a decent car.

driver100 · April 2019

ruking1 said:

abacomike said:

driver100 said:

fintail said:
Was this an S-Class or higher AMG model or something? That's a big payment.

ruking1 said:

I’m a tad confused here. One spends $ 600. + on a new 2018? Miles? MB lease, unscheduled maintenance: alignment. In addition, spending say $1,432. per mo (lease) did not guarantee NO unscheduled maintenance. Indeed, it will cause/caused higher $ tire/s replacement & another alignment/check.

If I had a $600 unscheduled maintenance bill on a Honda Pilot with 136,000 miles, I’d pretty close to demand they cover it, warranty or NOT.

Your 2nd paragraph can be better, easily seen by CPMD: aka., $cost per mile driven.

I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge.

I am really confused....I have no idea what the $600+ on a new 2018? Miles? MB lease......etc was all about.

And ruking says: "I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge"

What does this mean?

I am sure some cars get to 250000 miles and are OK, my neighbors VW diesel had 300000 miles on it when the engine froze up. Some cars are fine for 400k miles, but, I would rather not risk the car dying on me before I can get something for it as a trade in. There is no right or wrong...it is what your gambling/tolerance level is.

You know....bulls and bears can make money in the market, but pigs can get slaughtered. Same kind of theory.
The only person on this forum who has a 2018 S Class Mercedes and pays about $600 per month on a lease with MB Leasing and has had alignments, etc., is me. So I am assuming "ruking" was attempting some sort of "slam" against me. I do not want to respond to his comments, although there are many, but I decided to respond to yours since you questioned what the heck he was talking about. There, I'm done!
A slam again you? NO! But they were simple questions in the discussion you didn’t answer.

In cars, for up to 250,000 miles, my large sedan choices would be: Lexus ES 350, ES 300h, Toyota Avalon, h.😎

I don't want to get into your little discussion but I think Mike explained how he can definitely afford to drive the car he does.....and he loves it. Why would he buy a Civic and try to get 250000 miles out of it? He buys what he wants because he can. Life is to be lived, not a contest to see how many pennies you can save.

dino001 · April 2019

ruking1 said:
In cars, for up to 250,000 miles, my large sedan choices would be: Lexus ES 350, ES 300h, Toyota Avalon, h.😎

That's your choice and it's a good one. If you made a different one, say MB, BMW, or Audi, you'd see there are additional costs of ownership even in first couple of years. Wheel alignment, btw is a normal maintenance, but its frequency depends somewhat on driving conditions of the said vehicle. It is generally recommended that it's performed together with tire change (not just balancing), it can also be recommended when the driver runs over some rough surface (potholes, curbs). It just so happens that those German cars require special equipment to do such alignments (normal tires stores would not even touch them) and the shops that own such equipment (dealerships, some specialized independent garages) command premium pricing on that activity (my dealer wants $200 for BMW, an indy will do it for $140). Tires usually wear out in 20-30 thousand miles, not because they are "inferior", but because the manufacturers chose sporty characteristic over lifespan. This means that if you lease for 3 years and drive normally (12-15K/yr), chances are you'll need new tires and whatever comes with them. Just a fact of life. If you don't like it, don't get such a vehicle, that's a valid choice, too.

driver100 · April 2019

GG. Have you seen Beautiful - The Carol King story?
Wow....it is incredible!
One thing I love is when she was 16 she was studying to be a teacher, but she was writing songs. At 16 she took her music to a producer and they knew she could write. It always amazes me how talented people get the right break (that they usually work very hard to get), and it becomes a life changing event.

ruking1 · April 2019

abacomike said:
My pension is like having 2 million dollars in the bank earning 3.0%. My Social Security is not a lot, but it helps at $1450 net per month. My condo is paid for. So, even though I do not have a million dollars or anywhere near that amount, it was enough to retire on.

That’s how I made my decision to retire.

Indeed, your first sentence (about pension) is one key reason why many stay in mostly public & private jobs. Pension jobs have been slowly in decline to rapidly in some industries. One can look @ it in an # of ways. It’s the $ 2 M one didn’t have to earn, etc. It is particularly telling that most union & pension funds ...underperform.

So if one stays BELOW what $’s flows from all sources (in the above example pension, social security) (the lower the better) one should be just fine.

ruking1 · April 2019

dino001 said:

ruking1 said:
In cars, for up to 250,000 miles, my large sedan choices would be: Lexus ES 350, ES 300h, Toyota Avalon, h.😎
That's your choice and it's a good one. If you made a different one, say MB, BMW, or Audi, you'd see there are additional costs of ownership even in first couple of years. Wheel alignment, btw is a normal maintenance, but its frequency depends somewhat on driving conditions of the said vehicle. It is generally recommended that it's performed together with tire change (not just balancing), it can also be recommended when the driver runs over some rough surface (potholes, curbs). It just so happens that those German cars require special equipment to do such alignments (normal tires stores would not even touch them) and the shops that own such equipment (dealerships, some specialized independent garages) command premium pricing on that activity (my dealer wants $200 for BMW, an indy will do it for $140). Tires usually wear out in 20-30 thousand miles, not because they are "inferior", but because the manufacturers chose sporty characteristic over lifespan. This means that if you lease for 3 years and drive normally (12-15K/yr), chances are you'll need new tires and whatever comes with them. Just a fact of life. If you don't like it, don't get such a vehicle, that's a valid choice, too.

My diesel European car experiences have been radically different, despite the US auto industry’s & my initial misgivings. Specifically, 2003 VW Jetta TDI, 2009 VW Jetta TDI, 2012 VW Touareg TDI, 2014 MB GLK 250 BT. have been as durable & reliable, as the better Japanese OEM’s. The European consumables seem to last 2 x’s longer. Same mileage UNSCHEDULED maintenance was more on Japanese makes. Alignments have been especially confusing. We operate the cars on roads acknowledged to be the worst in the nation. We routinely plow through ice/snow, dirt roads, etc., to hit the mountains (6,250 ft) Alignments on all (my) the European cars have held to at least 100,000 miles, with none of them requiring adjustment @ that time &/or for new tires. I merely get the alignments done because in the act of checking it out, the owners have to set sensors all up and I don’t/didn’’t want to stiff them.

ab348 · April 2019

That Vanguard 500 fund return figure quoted is incorrect. The 15.92% is the 10 year return on the S&P 500 index itself. That number is inflated somewhat by the start date, since stocks cratered in 2008, so it benefits from a low value start point. The Vanguard fund has not been around for 10 years yet, having been started in the second half of 2010. Since inception it has returned 14.1%, while over the last 5 years it has returned 10.86%. As a stock index fund it offers the potential for high returns at the cost of considerable volatility, and it is considered a 4 on a 5-point risk scale where 5 is the highest.

ruking1 · April 2019

ab348 said:
That Vanguard 500 fund return figure quoted is incorrect. The 15.92% is the 10 year return on the S&P 500 index itself. That number is inflated somewhat by the start date, since stocks cratered in 2008, so it benefits from a low value start point. The Vanguard fund has not been around for 10 years yet, having been started in the second half of 2010. Since inception it has returned 14.1%, while over the last 5 years it has returned 10.86%. As a stock index fund it offers the potential for high returns at the cost of considerable volatility, and it is considered a 4 on a 5-point risk scale where 5 is the highest.

Its correct, till it’s not. It’s from the Vanguard web site. Vanguard Index 500 10 year return is exactly where its from. Now IF you say Vanguard is incorrect, you should want to tell them. Let us know what they say. Once I see it corrected on the parts of the web site I see, I will make the 10 year correction. Pretty easy.

ab348 · April 2019

ruking1 said:

It’s from the Vanguard web site. Vanguard Index 500 10 year return is exactly where its from. Now IF you say Vanguard is incorrect, you should want to tell them. Let us know what they say. Once I see it corrected on the parts of the web site I see, I will make the 10 year correction.

That's exactly where I got my figures. Take another look. You misread it.

ruking1 · April 2019

ab348 said:

ruking1 said:

It’s from the Vanguard web site. Vanguard Index 500 10 year return is exactly where its from. Now IF you say Vanguard is incorrect, you should want to tell them. Let us know what they say. Once I see it corrected on the parts of the web site I see, I will make the 10 year correction.
That's exactly where I got my figures. Take another look. You misread it.

I just looked @ it. No change, no misread. If you are saying that what was quoted is not there, misread, does not exist, you would be completely wrong. Did you call them yet?

So when the part I’ve access to changes, I’ll change it. Simple stuff really. IF I change what I read merely to match your post, it will be incorrect to fraudulent. It seems to be a burning issue. To me, meh.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. Click a fund name to view standardized returns

You write like you all have never heard stuff like the above. It’s standard boiler plate. 🤣

Let me know if I could answer any of your questions, from obviously a consumers point of view.

jmonroe1 · April 2019

abacomike said:

ruking1 said:

abacomike said:

driver100 said:

fintail said:
Was this an S-Class or higher AMG model or something? That's a big payment.

ruking1 said:

I’m a tad confused here. One spends $ 600. + on a new 2018? Miles? MB lease, unscheduled maintenance: alignment. In addition, spending say $1,432. per mo (lease) did not guarantee NO unscheduled maintenance. Indeed, it will cause/caused higher $ tire/s replacement & another alignment/check.

If I had a $600 unscheduled maintenance bill on a Honda Pilot with 136,000 miles, I’d pretty close to demand they cover it, warranty or NOT.

Your 2nd paragraph can be better, easily seen by CPMD: aka., $cost per mile driven.

I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge.

I am really confused....I have no idea what the $600+ on a new 2018? Miles? MB lease......etc was all about.

And ruking says: "I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge"

What does this mean?

I am sure some cars get to 250000 miles and are OK, my neighbors VW diesel had 300000 miles on it when the engine froze up. Some cars are fine for 400k miles, but, I would rather not risk the car dying on me before I can get something for it as a trade in. There is no right or wrong...it is what your gambling/tolerance level is.

You know....bulls and bears can make money in the market, but pigs can get slaughtered. Same kind of theory.
The only person on this forum who has a 2018 S Class Mercedes and pays about $600 per month on a lease with MB Leasing and has had alignments, etc., is me. So I am assuming "ruking" was attempting some sort of "slam" against me. I do not want to respond to his comments, although there are many, but I decided to respond to yours since you questioned what the heck he was talking about. There, I'm done!
A slam again you? NO! But they were simple questions in the discussion you didn’t answer.

In cars, for up to 250,000 miles, my large sedan choices would be: Lexus ES 350, ES 300h, Toyota Avalon, h.😎

I was not part of the discussion. I was totally uninvolved in it. I was totally confused as was Driver100. Have no idea how a 2018 S Class MB lease with new tires, alignment, etc. became part of YOUR discussion. That’s all!

@Mike, why are you upset? Don't feed the troll. I haven't understood that guy since he barged in here. The scroll button is your friend and me of course.

jmonroe

ab348 · April 2019

ruking1 said:
<
I just looked @ it. No change, no misread. Did you call them yet? So when the part I’ve access to changes, I’ll change it. Simple stuff really. IF I change merely to match your post, it will be incorrect to fraudulent.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. Click a fund name to view standardized returns

You write like you all have never heard stuff like the above. It’s standard boiler plate. 🤣

Let me know if I could answer any of your questions, from obviously a consumers point of view.

Reading is hard for some apparently. You are obviously a real financial wizard.

Here is the chart I used, from their website.

See that "Since Inception" line with the date? Hard to have a 10 year return on something that hasn't been around that long. Also, look up what the word "benchmark" means.

I tried to help you, pal. You seem to be someone who is beyond help. I'm done trying.

Dear mods: Sorry, I don't normally make posts like this, but sometimes you can only take so much.

houdini2 · April 2019

ruking1 said:

ab348 said:
That Vanguard 500 fund return figure quoted is incorrect. The 15.92% is the 10 year return on the S&P 500 index itself. That number is inflated somewhat by the start date, since stocks cratered in 2008, so it benefits from a low value start point. The Vanguard fund has not been around for 10 years yet, having been started in the second half of 2010. Since inception it has returned 14.1%, while over the last 5 years it has returned 10.86%. As a stock index fund it offers the potential for high returns at the cost of considerable volatility, and it is considered a 4 on a 5-point risk scale where 5 is the highest.
Its correct, till it’s not. It’s from the Vanguard web site. Vanguard Index 500 10 year return is exactly where its from. Now IF you say Vanguard is incorrect, you should want to tell them. Let us know what they say. Once I see it corrected on the parts of the web site I see, I will make the 10 year correction. Pretty easy.

Do those returns also assume re investing all dividends along the way?

ruking1 · April 2019

ab348 said:

ruking1 said:
<
I just looked @ it. No change, no misread. Did you call them yet? So when the part I’ve access to changes, I’ll change it. Simple stuff really. IF I change merely to match your post, it will be incorrect to fraudulent.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. Click a fund name to view standardized returns

You write like you all have never heard stuff like the above. It’s standard boiler plate. 🤣

Let me know if I could answer any of your questions, from obviously a consumers point of view.

Reading is hard for some apparently. You are obviously a real financial wizard.

Here is the chart I used, from their website.

See that "Since Inception" line with the date? Hard to have a 10 year return on something that hasn't been around that long. Also, look up what the word "benchmark" means.

I tried to help you, pal. You seem to be someone who is beyond help. I'm done trying.

Dear mods: Sorry, I don't normally make posts like this, but sometimes you can only take so much.

Using YOUR post, Vanguard ETF data, the first two items are actually ETFs. I clearly did NOT post ETF results. The third item, the (Vanguard) SP Index 500 CLEARLY SEZ 15.92% for 10 years.

I would agree, reading IS hard for SOME. Thanks for posting & making the point. The Vanguard data I’ve access to says the exact same thing, only not about EFT’s. You really don’t need to call them, if you are fine after REreading. If not, call them for their EFT explanations. Let us know what you find out about EFT’s. ETF’s have GREAT utility.

henryn · April 2019

sda said:
As dad always says money isn’t important unless you don’t have it. Hard truth.

I heard this statement, from many people, for many years, and never truly understood it or appreciated it until I had the chance to "live it". Which does NOT mean that I am rich, just that from day to day I don't worry about money. If the air conditioner breaks, I can pay to have it fixed or replaced, no biggie. No worries about "If I pay to fix the A/C how will I pay the mortgage this month?"

And once you do arrive at that point in life, everything changes, in a good way.

ab348 · April 2019

ruking1 said:

Using YOUR post, Vanguard ETF data, the first two items are actually ETFs. I clearly did NOT post ETF results. The third item, the (Vanguard) SP Index 500 CLEARLY SEZ 15.92% I would agree, reading IS hard for SOME. Thanks for posting. You really don’t need to call them, if you are fine after REreading. If not, call them for their explanation. Let us know what you find out.

Whatever, pal. Keep on doing whatever it is you do here. So far you've made a really fine impression.

ruking1 · April 2019

henryn said:

sda said:
As dad always says money isn’t important unless you don’t have it. Hard truth.
I heard this statement, from many people, for many years, and never truly understood it or appreciated it until I had the chance to "live it". Which does NOT mean that I am rich, just that from day to day I don't worry about money. If the air conditioner breaks, I can pay to have it fixed or replaced, no biggie. No worries about "If I pay to fix the A/C how will I pay the mortgage this month?"

And once you do arrive at that point in life, everything changes, in a good way.

Psychologists might call that the Maslow hierarchy circa 1943.

ruking1 · April 2019

houdini2 said:

ruking1 said:

ab348 said:
That Vanguard 500 fund return figure quoted is incorrect. The 15.92% is the 10 year return on the S&P 500 index itself. That number is inflated somewhat by the start date, since stocks cratered in 2008, so it benefits from a low value start point. The Vanguard fund has not been around for 10 years yet, having been started in the second half of 2010. Since inception it has returned 14.1%, while over the last 5 years it has returned 10.86%. As a stock index fund it offers the potential for high returns at the cost of considerable volatility, and it is considered a 4 on a 5-point risk scale where 5 is the highest.
Its correct, till it’s not. It’s from the Vanguard web site. Vanguard Index 500 10 year return is exactly where its from. Now IF you say Vanguard is incorrect, you should want to tell them. Let us know what they say. Once I see it corrected on the parts of the web site I see, I will make the 10 year correction. Pretty easy.
Do those returns also assume re investing all dividends along the way?

Yes. However, I’m sure there’s a lot of TMI, better explained in the web site.

ruking1 · April 2019

ab348 said:

ruking1 said:

Using YOUR post, Vanguard ETF data, the first two items are actually ETFs. I clearly did NOT post ETF results. The third item, the (Vanguard) SP Index 500 CLEARLY SEZ 15.92% I would agree, reading IS hard for SOME. Thanks for posting. You really don’t need to call them, if you are fine after REreading. If not, call them for their explanation. Let us know what you find out.
Whatever, pal. Keep on doing whatever it is you do here. So far you've made a really fine impression.

And here, I thought you’d give a better explanation of ETF’s than I after talking with Vanguard.😱

I’m reminded that because we are foreign countries to one another, (CN to USA) perspective, procedures, tax law, investment law, etc., etc. will probably be WAY different.

abacomike · April 2019

jmonroe1 said:

ruking1 said:

Was this an S-Class or higher AMG model or something? That's a big payment.
I’m a tad confused here. One spends $ 600. + on a new 2018? Miles? MB lease, unscheduled maintenance: alignment. In addition, spending say $1,432. per mo (lease) did not guarantee NO unscheduled maintenance. Indeed, it will cause/caused higher $ tire/s replacement & another alignment/check. If I had a $600 unscheduled maintenance bill on a Honda Pilot with 136,000 miles, I’d pretty close to demand they cover it, warranty or NOT. Your 2nd paragraph can be better, easily seen by CPMD: aka., $cost per mile driven. I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread. I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge.

I am really confused....I have no idea what the $600+ on a new 2018? Miles? MB lease......etc was all about. And ruking says: "I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread. I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge" What does this mean? I am sure some cars get to 250000 miles and are OK, my neighbors VW diesel had 300000 miles on it when the engine froze up. Some cars are fine for 400k miles, but, I would rather not risk the car dying on me before I can get something for it as a trade in. There is no right or wrong...it is what your gambling/tolerance level is. You know....bulls and bears can make money in the market, but pigs can get slaughtered. Same kind of theory.
The only person on this forum who has a 2018 S Class Mercedes and pays about $600 per month on a lease with MB Leasing and has had alignments, etc., is me. So I am assuming "ruking" was attempting some sort of "slam" against me. I do not want to respond to his comments, although there are many, but I decided to respond to yours since you questioned what the heck he was talking about. There, I'm done!
A slam again you? NO! But they were simple questions in the discussion you didn’t answer. In cars, for up to 250,000 miles, my large sedan choices would be: Lexus ES 350, ES 300h, Toyota Avalon, h.😎

I was not part of the discussion. I was totally uninvolved in it. I was totally confused as was Driver100. Have no idea how a 2018 S Class MB lease with new tires, alignment, etc. became part of YOUR discussion. That’s all!
@Mike, why are you upset? Don't feed the troll. I haven't understood that guy since he barged in here. The scroll button is your friend and me of course. jmonroe

Thanks, jmonroe. I thought I was the only one in here that took exception! I checked background and after seeing 10 abuse reports, it dawned on me that scrolling was the best response. I was an idiot to respond, JM!

ruking1 · April 2019

abacomike said:

jmonroe1 said:

abacomike said:

ruking1 said:

abacomike said:

driver100 said:

fintail said:
Was this an S-Class or higher AMG model or something? That's a big payment.

ruking1 said:

I’m a tad confused here. One spends $ 600. + on a new 2018? Miles? MB lease, unscheduled maintenance: alignment. In addition, spending say $1,432. per mo (lease) did not guarantee NO unscheduled maintenance. Indeed, it will cause/caused higher $ tire/s replacement & another alignment/check.

If I had a $600 unscheduled maintenance bill on a Honda Pilot with 136,000 miles, I’d pretty close to demand they cover it, warranty or NOT.

Your 2nd paragraph can be better, easily seen by CPMD: aka., $cost per mile driven.

I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge.

I am really confused....I have no idea what the $600+ on a new 2018? Miles? MB lease......etc was all about.

And ruking says: "I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge"

What does this mean?

I am sure some cars get to 250000 miles and are OK, my neighbors VW diesel had 300000 miles on it when the engine froze up. Some cars are fine for 400k miles, but, I would rather not risk the car dying on me before I can get something for it as a trade in. There is no right or wrong...it is what your gambling/tolerance level is.

You know....bulls and bears can make money in the market, but pigs can get slaughtered. Same kind of theory.
The only person on this forum who has a 2018 S Class Mercedes and pays about $600 per month on a lease with MB Leasing and has had alignments, etc., is me. So I am assuming "ruking" was attempting some sort of "slam" against me. I do not want to respond to his comments, although there are many, but I decided to respond to yours since you questioned what the heck he was talking about. There, I'm done!
A slam again you? NO! But they were simple questions in the discussion you didn’t answer.

In cars, for up to 250,000 miles, my large sedan choices would be: Lexus ES 350, ES 300h, Toyota Avalon, h.😎

I was not part of the discussion. I was totally uninvolved in it. I was totally confused as was Driver100. Have no idea how a 2018 S Class MB lease with new tires, alignment, etc. became part of YOUR discussion. That’s all!
@Mike, why are you upset? Don't feed the troll. I haven't understood that guy since he barged in here. The scroll button is your friend and me of course.

jmonroe

Thanks, jmonroe. I thought I was the only one in here that took exception! I checked background and after seeing 10 abuse reports, it dawned on me that scrolling was the best response. I was an idiot to respond, JM!

Logic does really sux, ...for some. 10 battle metals, most from “ I Hate SUVs Why Don’t You?” The HATERS proved to be just that, HATERS. I think they were flabbergasted to see many to most of the car buying public shift to CUV’S/SUV’s products. At that time, as is true now, scrolling by is always in the cards.

abacomike · April 2019

Was just watching the news and was shocked to see Notre Dame burning. If you live long enough, you see the architectural glories of the last 2000+ years of humankind crumble or burn to the ground. Just in our lifetimes we have seen so many examples of what the acts of terrorism have destroyed in the Middle East and in New York. In this case and this time, it seems to have been accidental.

What a loss to all civilization.

dino001 · April 2019

ab348 said:

ruking1 said:

Using YOUR post, Vanguard ETF data, the first two items are actually ETFs. I clearly did NOT post ETF results. The third item, the (Vanguard) SP Index 500 CLEARLY SEZ 15.92% I would agree, reading IS hard for SOME. Thanks for posting. You really don’t need to call them, if you are fine after REreading. If not, call them for their explanation. Let us know what you find out.
Whatever, pal. Keep on doing whatever it is you do here. So far you've made a really fine impression.

I think you guys are talking two different things, no need to go into trenches over simple wording:

1. Benchmark S&P 500 returned annualized 15.9% in last 10 years. True, but March 2009 was the lowest point of the index, so picking that point to create future return expectations would be unwise, to say they least, stupid, to be perfectly blunt. It would be much wiser to include at least one full past expansion-recession cycle, preferably two to infer anything for the future.
2. This particular Vanguard fund did not exist for 10 years, so Ab is right saying, the fund itself did not generate these 15.92% returns. However, since it is a passive index fund, one can create a reasonable expectation that it should have just about the same return backward and forward as its benchmark index, minus costs and fees, of course. Those are usually low for Vanguard funds, as a matter of policy, so the delta shouldn't be very large. So one could extrapolate the returns backwards (beyond fund's existence) and use the index in context of a simple strategy of investing in the S&P 500 Index fund, whatever it is.

PF_Flyer · April 2019

OK, could be time to agree that we don't always agree on things and get back to Cars & Conversations rather than trying to "prove" anything one way or the other.

It's REAL easy for the snowball to start rolling downhill, and I'd put our forums community up against ANY for civility, and I, and the other mods, have REALLY appreciated that.

Just a gentle nudge from your friendly neighborhood mod!

ruking1 · April 2019

It’s interesting there seems to be no French Muslim responses.

ruking1 · April 2019

dino001 said:

ab348 said:

ruking1 said:

Using YOUR post, Vanguard ETF data, the first two items are actually ETFs. I clearly did NOT post ETF results. The third item, the (Vanguard) SP Index 500 CLEARLY SEZ 15.92% I would agree, reading IS hard for SOME. Thanks for posting. You really don’t need to call them, if you are fine after REreading. If not, call them for their explanation. Let us know what you find out.
Whatever, pal. Keep on doing whatever it is you do here. So far you've made a really fine impression.
I think you guys are talking two different things, no need to go into trenches over simple wording:

1. Benchmark S&P 500 returned annualized 15.9% in last 10 years. True, but March 2009 was the lowest point of the index, so picking that point to create future return expectations would be unwise, to say they least, stupid, to be perfectly blunt. It would be much wiser to include at least one full past expansion-recession cycle, preferably two to infer anything for the future.
2. This particular Vanguard fund did not exist for 10 years, so Ab is right saying, the fund itself did not generate these 15.92% returns. However, since it is a passive index fund, one can create a reasonable expectation that it should have just about the same return backward and forward as its benchmark index, minus costs and fees, of course. Those are usually low for Vanguard funds, as a matter of policy, so the delta shouldn't be very large. So one could extrapolate the returns backwards (beyond fund's existence) and use the index in context of a simple strategy of investing in the S&P 500 Index fund, whatever it is.

John Bogle, now deceased cut his teeth in 1975, with the now iconic Vanguard Index 500 fund product. But getting back to it’s utility. When one does not want to pay close attention, putting monies into Vanguards’ Index 500, mid cap, small cap funds CAN be a good option. When properly set up, monies can be entered, exited from Vanguard Funds, even from a moving car/CUV/SUV.👍😜😎 Just amazing.

dino001 · April 2019

jmonroe1 said:

@Mike, why are you upset? Don't feed the troll. I haven't understood that guy since he barged in here. The scroll button is your friend and me of course. jmonroe

So it is not just me... For a while I thought my English as a foreign language was responsible for not understanding about 75% of his posts. So these actually are random incomprehensible ramblings, not my '"limited language skills"?

dino001 · April 2019

ruking1 said:

John Bogle, now deceased cut his teeth in 1975, with the now iconic Vanguard Index 500 fund.

Yes, but this particular one was not the mutual funds you're refering to, it's an ETF, which was created just a few years ago, when ETFs were allowed by SEC. Similar, perhaps even more cost-efficient, just not the same.

cdnpinhead · April 2019

There are a number of tightly-wound people on here. Some days it's more evident than others.

ruking1 · April 2019

PF_Flyer said:
OK, could be time to agree that we don't always agree on things and get back to Cars & Conversations rather than trying to "prove" anything one way or the other.

It's REAL easy for the snowball to start rolling downhill, and I'd put our forums community up against ANY for civility, and I, and the other mods, have REALLY appreciated that.

Just a gentle nudge from your friendly neighborhood mod!

On paragraph #1. Indeed that is why financial outcomes are so very different & some would say ...customized.

ruking1 · April 2019

dino001 said:

ruking1 said:

John Bogle, now deceased cut his teeth in 1975, with the now iconic Vanguard Index 500 fund.
Yes, but this particular one was not the mutual funds you're refering to, it's an ETF, which was created just a few years ago, when ETFs were allowed by SEC. Similar, perhaps even more cost-efficient, just not the same.

Yes! You get it.

sda · April 2019

henryn said:

sda said:
As dad always says money isn’t important unless you don’t have it. Hard truth.
I heard this statement, from many people, for many years, and never truly understood it or appreciated it until I had the chance to "live it". Which does NOT mean that I am rich, just that from day to day I don't worry about money. If the air conditioner breaks, I can pay to have it fixed or replaced, no biggie. No worries about "If I pay to fix the A/C how will I pay the mortgage this month?"

And once you do arrive at that point in life, everything changes, in a good way.

Exactly. You may not want to pay for the repair but you have the resources to do so without worrying how I’m going to provide for ‘x’.

ab348 · April 2019

dino001 said:

So it is not just me... For a while I thought my English as a foreign language was responsible for not understanding about 75% of his posts. So these actually are random incomprehensible ramblings, not my '"limited language skills"?

To jest poprawne.

ruking1 · April 2019

ab348 said:

dino001 said:

So it is not just me... For a while I thought my English as a foreign language was responsible for not understanding about 75% of his posts. So these actually are random incomprehensible ramblings, not my '"limited language skills"?
To jest poprawne.

Me too! 😉

28firefighter · April 2019

Well. It looks like some folks have a case of the Mondays today....I'll include myself in that statement. Post-vacation hangover.

Mr_Shiftright · April 2019

I read somewhere that the best part of a vacation is planning for it.

28firefighter · April 2019

Mr_Shiftright said:
I read somewhere that the best part of a vacation is planning for it.

Maybe. But this was the first trip in a while that I had no desire to get home from. 1 week, in an oceanfront 1-bedroom condo. 10 steps to the pool and 20 to the beach. I'd say this year, being there was the best part.

ruking1 · April 2019

28firefighter said:
Well. It looks like some folks have a case of the Mondays today....I'll include myself in that statement. Post-vacation hangover.

Why didn’t you stay longer?

Ah.... going back to work to recover from the vacation?😜

driver100 · April 2019

jmonroe1 said:

abacomike said:

ruking1 said:

abacomike said:

driver100 said:

fintail said:
Was this an S-Class or higher AMG model or something? That's a big payment.

ruking1 said:

I’m a tad confused here. One spends $ 600. + on a new 2018? Miles? MB lease, unscheduled maintenance: alignment. In addition, spending say $1,432. per mo (lease) did not guarantee NO unscheduled maintenance. Indeed, it will cause/caused higher $ tire/s replacement & another alignment/check.

If I had a $600 unscheduled maintenance bill on a Honda Pilot with 136,000 miles, I’d pretty close to demand they cover it, warranty or NOT.

Your 2nd paragraph can be better, easily seen by CPMD: aka., $cost per mile driven.

I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge.

I am really confused....I have no idea what the $600+ on a new 2018? Miles? MB lease......etc was all about.

And ruking says: "I used a 2004 Honda Civic @ $ .0332 CPMD: depreciation. With NO $ figures, unnecessary fear, negative doubt & lack of precision are spread.

I would be beyond rapacious if I let a daughter go to doctoral studies/ school, 2,600 miles away with an unreliable & non durable car, even with 250,000 miles. Was/is this car durable and reliable? You be the judge"

What does this mean?

I am sure some cars get to 250000 miles and are OK, my neighbors VW diesel had 300000 miles on it when the engine froze up. Some cars are fine for 400k miles, but, I would rather not risk the car dying on me before I can get something for it as a trade in. There is no right or wrong...it is what your gambling/tolerance level is.

You know....bulls and bears can make money in the market, but pigs can get slaughtered. Same kind of theory.
The only person on this forum who has a 2018 S Class Mercedes and pays about $600 per month on a lease with MB Leasing and has had alignments, etc., is me. So I am assuming "ruking" was attempting some sort of "slam" against me. I do not want to respond to his comments, although there are many, but I decided to respond to yours since you questioned what the heck he was talking about. There, I'm done!
A slam again you? NO! But they were simple questions in the discussion you didn’t answer.

In cars, for up to 250,000 miles, my large sedan choices would be: Lexus ES 350, ES 300h, Toyota Avalon, h.😎

I was not part of the discussion. I was totally uninvolved in it. I was totally confused as was Driver100. Have no idea how a 2018 S Class MB lease with new tires, alignment, etc. became part of YOUR discussion. That’s all!

Mike, why are you upset? Don't feed the troll. I haven't understood that guy since he barged in here. The scroll button is your friend and me of course.

jmonroe

I'm glad you said that....I thought maybe it was me.
Maybe a cousin of someone else who appears every once in awhile

Mr_Shiftright · April 2019

Nice thing to do in the spring. Bake in the heat for a change.

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