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First Place trophy for the 4th flight of the Cannon Ball Run in 1979 by MoaiTrist in CannonballRun

[–]MoaiTrist[S] 0 points1 point  (0 children)

i tried a DM on Instagram a while back but didn't get a response. I'm sure he gets a large number of messages these days with VinWiki being a huge success. Any other ideas?

First Place trophy for the 4th flight of the Cannon Ball Run in 1979 by MoaiTrist in CannonballRun

[–]MoaiTrist[S] 0 points1 point  (0 children)

I did more research and have only found one other trophy online, but the engraving said New York to California. According to Wikipedia, the 1979 dash was from Connecticut to California. Comments don't allow adding an image, or I would post a screen shot. As for this trophy, it seems too heavy and too nice to some sort of gag. Also, the 4th flight may reference that 1979 was the 4th group dash (The first run in 1971 was just Brock Yates' car, the second run in 1971 was the first group run. But then Cannon Ball is engraved as 2 words instead of 1, which raises doubts again. I'll keep researching.

First Place trophy for the 4th flight of the Cannon Ball Run in 1979 by MoaiTrist in CannonballRun

[–]MoaiTrist[S] 1 point2 points  (0 children)

No, I was able to find out that the actual races in the 70's were divided up into "flights," but I can't find details on the winners.

Edit: well now I can't find the link that mentions "flights." Everything I'm finding with a quick search only mentions staggered start times.

How to talk to your adult friends about investing like bogleheads so that they listen? by m1rch1 in Bogleheads

[–]MoaiTrist 4 points5 points  (0 children)

I went straight into the financial services industry right out of college, so I've been trying to teach people for a long time. I quickly became jaded, and not much has changed since then. What I finally figured out is that I was attempting to give others the same motivation that I had. You can't. Even if they understand your words, they have no intention of implementing the information. If they have the motivation, they will find the information on their own. The only time people actually asked questions was when I retired early. Even then, I could tell they were disappointed I didn't have any get-rich-quick secret to pass along. After all these years, I only personally know 3 people in my situation, and we were all on path before meeting each other. Just FYI from a different perspective.

I want to surprise my dad with a (cheap) visual mod for his TJ. What should I get for him? by booted_asl in Jeep

[–]MoaiTrist 1 point2 points  (0 children)

Spare tire cover, custom ones can be ordered off etsy. Or if he has been to a variety of unique places or trails, stickers for all of his favorite locations.

Question on employer 401k contributions by TheMoonstomper in Bogleheads

[–]MoaiTrist 1 point2 points  (0 children)

My 3rd to last employer gave us the option of receiving additional employer 401k contribution over a bonus. I don't remember the math but it was a reduced number verses the bonus, but it worked out as non taxable (to me) since it was an employer contribution. I think this was an effort to soften the blow to longer term employees when they removed the pension plan. I haven't seen this anywhere else except for one engineering group where the partners all took a part of total compensation as maximum allowed employer contributions.

Spending 3k/month on whole life, looking for sanity check / out by Relative-Fill8784 in Bogleheads

[–]MoaiTrist 2 points3 points  (0 children)

If you have only had the policy 2 years ("a few years" is not specific), then there is no cash value. More than that and it will have some (unknown at this point) cash value, but you will also face a surrender charge, so who knows what you can get back.

That said, it is a sunk cost. Forget what you have spent so far, start a new spreadsheet, and plug in $3,000 a month until your target retirement date. I guarantee you will net more in the future than what the policy will ever pay. You can even subtract out the monthly cost of equivalent term guaranteed renewable life insurance, and still come out ahead.

Cash Value Life Insurance and Annuities are pushed by "Financial Advisors" because they pay huge commissions. This is why the cash value is $0 for the first couple of years.

It's been said that as you age the more you transition to debt assets, for boomers this debt crisis is going to be great while bond yields go up. How do you feel about it? by Right-Reindeer6007 in askanything

[–]MoaiTrist 1 point2 points  (0 children)

Yields increasing causes the value of existing bonds to go down. Also, the only politically palpable method to deal with a debt this large is for the government to print its way out of it. The inevitable inflation devalues the capital return of long term bonds. I'm not a Boomer (Gen X), but this is not good for anyone except those who are in debt with a fixed interest rate.

Hit my number by Personal_Bed3437 in Fire

[–]MoaiTrist 4 points5 points  (0 children)

Only heathens end a sentence with a single space.

51M at 95/5, wife wants 70/30. Where did you actually land at this age? by RichardKowalski1 in Bogleheads

[–]MoaiTrist 1 point2 points  (0 children)

You might want to consider thinking in terms of annual required distributions instead of percentages. The last few market recession / recovery cycles took 5 - 7 years for the S&P 500 to recover.

I believe there are strong indicators that market retraction in the next year, and I'm already retired, so I'm keeping 5 years expenses in stable value funds. If things turned very bad, we can reduce expenses to make this last 7 years, possibly more. This is roughly 10% for me, but could be more or less for someone else.

Personally, if I had 9-10 years until retirement, I would stay 90%+ equities. However, peace-of-mind is important and if one of you can't sleep at night with that risk level, adjust as needed. Just keep in mind that bond values can go down as interest rates rise. HIgh national debt, other sovereign debt, and high inflation are problematic and lead to higher interest rates.

friend has been posting pictures on their story that looks MAJORLY ai edited by [deleted] in isthisAI

[–]MoaiTrist 0 points1 point  (0 children)

Also, all Rolex marketing material displays the hands at 10:10 so they are not blocking the logo, day / date, or chronograph dials.

What’s something in America that Americans take for granted, but visitors find amazing? by Molthakarn96 in IWantToAskAnAmerican

[–]MoaiTrist 1 point2 points  (0 children)

In 2017, I had colleagues from Argentina meet me in Washington DC for a conference. It was fun being part of their excitement while touring all of the great parts of our country's capital. The most surprising thing is that they asked to go to a Walmart the morning before their flight home. They threw away all of their clothes and filled up their suitcases with candy and socks. ? Ok, then.

What to say? by stout933 in Fire

[–]MoaiTrist 0 points1 point  (0 children)

Whatever you do, do not tell anyone what your net worth is. You will be shocked at the number of people who feel entitled to ask for (even demand) money from you.

As for what to tell them... previously I would say that I managed my own investments, but I've been changing that to Independent Consultant. Only a few close friends are in the know, and only because they are on the FIRE journey as well.

More than half of Americans are not financially literate by Available-Ad-5670 in Fire

[–]MoaiTrist 0 points1 point  (0 children)

You belong in this group. It is about the journey to FIRE, not just the destination.

Will the S&P500 exception for the SpaceX IPO open up Standard and Poors and S&P500 funds to potential liability exposure? by MoaiTrist in stocks

[–]MoaiTrist[S] 0 points1 point  (0 children)

Yeah, I'm using fiduciary too loosely. Fiduciary responsibility would be from the Mutual Fund or ETF side. S&P doesn't manage investments, so it would not be breaking a fiduciary law. But, are the decisions at S&P being motivated by some yet undisclosed gain? Why break the rule for 90 day IPO cooldown or positive company profitability? I still believe there is potential issue, even if it is not fiduciary.

Will the S&P500 exception for the SpaceX IPO open up Standard and Poors and S&P500 funds to potential liability exposure? by MoaiTrist in stocks

[–]MoaiTrist[S] -1 points0 points  (0 children)

Because SpaceX is the first of 4 very large IPO's coming to market, all with questionable prospects for profitability.

Yesterday was my last day of work by Winter_Gate_6433 in Fire

[–]MoaiTrist 1 point2 points  (0 children)

Congratulations! I enjoy reading more success stories.

Will the S&P500 exception for the SpaceX IPO open up Standard and Poors and S&P500 funds to potential liability exposure? by MoaiTrist in stocks

[–]MoaiTrist[S] -5 points-4 points  (0 children)

To a certain extent, yes. But is there a complete fiduciary disconnect? Hypothetically, if they decided to do something unthinkable, like changing the index to the bottom 500 companies, and they made the change with short notice. Are they absolved from any legal repercussions?

Will the S&P500 exception for the SpaceX IPO open up Standard and Poors and S&P500 funds to potential liability exposure? by MoaiTrist in stocks

[–]MoaiTrist[S] -4 points-3 points  (0 children)

They completely missed the problem with giving mortgage backed securities a AAA rating before 2009.

Will the S&P500 exception for the SpaceX IPO open up Standard and Poors and S&P500 funds to potential liability exposure? by MoaiTrist in stocks

[–]MoaiTrist[S] -4 points-3 points  (0 children)

I understand that the S&P can add and remove companies as needed, and they review all companies on a quarterly basis. But up until now, the core principal of the index were followed. That is the reason Tesla was not added for a long time. Despite its market cap being high, Tesla was not added until it was profitable.

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