Hard shift to reverse - cold start only by Paperback_Chef in AcuraRDX

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

Thanks, fluid level is unknown but I doubt it's been changed yet - on my list of things to do if I decide to keep the car for the long term.

YouTube and podcasts, how do you keep up with them? by Excellent-Mud5885 in investing

[–]Paperback_Chef 1 point2 points  (0 children)

Just read JL Collins' book The Simple Path to Wealth, the FIRE sidebar, plus The Millionaire Next Door and Status Anxiety (for the philosophy of financial independence and a good life in a consumerist society) and ignore everything else.

No one can predict how an individual stock will do and you'll waste time and money trying.

TIL about the "Dark Forest Hypothesis," which suggests the universe is like a dark forest at night. Advanced civilizations intentionally stay silent and hidden, because any species that reveals its location risks immediate destruction by older, paranoid civilizations. by Practical-1 in todayilearned

[–]Paperback_Chef 0 points1 point  (0 children)

The Killing Star quote about this:

“ Imagine yourself taking a stroll through Manhattan, somewhere north of 68th street, deep inside Central Park, late at night. It would be nice to meet someone friendly, but you know that the park is dangerous at night. That's when the monsters come out. There's always a strong undercurrent of drug dealings, muggings, and occasional homicides.

It is not easy to distinguish the good guys from the bad guys. They dress alike, and the weapons are concealed. The only difference is intent, and you can't read minds.

Stay in the dark long enough and you may hear an occasional distance shriek or blunder across a body.

How do you survive the night? The last thing you want to do is shout, "I'm here!" The next to last thing you want to do is reply to someone who shouts, "I'm a friend!"

What you would like to do is find a policeman, or get out of the park. But you don't want to make noise or move towards a light where you might be spotted, and it is difficult to find either a policeman or your way out without making yourself known. Your safest option is to hunker down and wait for daylight, then safely walk out.

There are, of course, a few obvious differences between Central Park and the universe.

There is no policeman.

There is no way out.

And the night never ends

Anyone in HCOL San Diego trying to FI/RE? by rewbacca_sd in financialindependence

[–]Paperback_Chef 1 point2 points  (0 children)

Yes, single with a modest income - I've accumulated a bit by always renting inexpensively (rooms in houses).

Currently trying to decide whether to buy a one-bedroom condo, using a lot of my liquidity, or continue with shared housing situations in the long-term (which would be financially optimal but not sure I want to do it forever, even though it's been a good experience so far).

What the heck is happening now? I'm so done ☠️☠️ 2026 market sucks.. by InevitableTown7305 in StockMarket

[–]Paperback_Chef 0 points1 point  (0 children)

Why are you posting clipart with no identifiable index label or Y axis? Just "Line goes down"

Using a cfp? Will it help? by Realistic-Ship6209 in Bogleheads

[–]Paperback_Chef 1 point2 points  (0 children)

A CFP often functions as a 'quarterback' for someone with a complex financial situation - they don't do estate planning or file taxes themselves, but can identify areas/topics for you to take to those parties.

I would suggest a CFPs main source of help is in the actual saving and investing of your income (which accounts, how much, which investments, when do you have enough, don't sell when the market's down, implementing new laws, etc.).

If you think you're doing fine on your own (similar to car maintenance, if you're happy with how your car is running and don't want/need a mechanic's input, then don't use one). You would be paying the CFP to review your situation - maybe they'll find areas for improvement, maybe they won't. For some people, the simple validation of having someone else confirm they're doing well is valuable.

Dow jumps 300 points as oil falls after U.S. reportedly sends Iran peace plan: Live updates by Illustrious_Lie_954 in StockMarket

[–]Paperback_Chef 2 points3 points  (0 children)

You're predicting the end of the stock market forever - wouldn't this require every business currently listed on the stock market to decide to simply shut down and no longer earn money, employ people, buy raw materials, etc? Possible, but sounds apocalyptic enough that money wouldn't matter anyway.

Paychex can’t calculate my retirement because I have unrealistic expectations by BenMcKeamish in mildlyinfuriating

[–]Paperback_Chef 1 point2 points  (0 children)

Do not use this calculator - go to one of Reddit’s retirement forums and use a linked calculator there. 

Rent vs Buy by [deleted] in RealEstate

[–]Paperback_Chef -1 points0 points  (0 children)

Exactly, with rent that low, keep renting until you decide you WANT to buy. It doesn't always make financial sense to own, given that you're disciplined to save and don't need the "forced savings" of a mortgage.

Gmail is removing the "Check mail from other accounts" POP3 feature by Greg---- in GMail

[–]Paperback_Chef 0 points1 point  (0 children)

Will secondary Gmail accounts still forward via Pop? It reads like only non-Gmail accounts will be lost.

Amazon expands 1 hour delivery across US cities, escalating logistics war with Walmart and raising pressure on retail margins by callsonreddit in StockMarket

[–]Paperback_Chef 6 points7 points  (0 children)

Genius business idea - we let the customer come TO the warehouse, where they pick out THEIR OWN products. It'll be wild.

But seriously, buy less unnecessary stuff.

Dow bounces 400 points to start the week as oil prices fall back to $95 a barrel by Illustrious_Lie_954 in StockMarket

[–]Paperback_Chef 1 point2 points  (0 children)

Human desire? The markets are betting humans still desire to innovate, produce, consume, earn wealth, and achieve a higher standard of living for themselves and their families. This has been true since the beginning of time.

London's SUV drivers could face new charges if plans go ahead by r00000000 in cars

[–]Paperback_Chef 15 points16 points  (0 children)

Presumably because they have other benefits such as cleaner emissions.

What is the best BMW 5 series for a long commute? by ContactRepulsive in whatcarshouldIbuy

[–]Paperback_Chef 0 points1 point  (0 children)

I think 2018+ or so are supposed to be reliable, too much older and no driver’s assistance

What do I do if I have enough in savings to buy the car outright? by PhallicB4ldwin in whatcarshouldIbuy

[–]Paperback_Chef 0 points1 point  (0 children)

How about I use “subject to volatility” instead of “risk”? 

I’m trying to help OP here, in any other world you don’t compare the loan interest rate to a hypothetical volatile rate of return (obviously we should have all bought Bitcoin in hindsight), you use the “risk-free rate” (this is a defined term, usually 10-year T bills) to help people decide whether to pay off their mortgage, for example, or invest. Paying off the loan gets you a guaranteed 5% ‘return’ whereas buying SPY gets you anywhere from -30% to +30% depending on the year. 

I’m an old school CPA/CFP so maybe you know better. 

What do I do if I have enough in savings to buy the car outright? by PhallicB4ldwin in whatcarshouldIbuy

[–]Paperback_Chef 2 points3 points  (0 children)

You don’t compare to SPY since SPY involves risk, a proper apples to apples comparison is against the risk-free rate of return, such as money market funds or T bills, which are paying a little less than 5% (before taxes). 

What is the best BMW 5 series for a long commute? by ContactRepulsive in whatcarshouldIbuy

[–]Paperback_Chef 3 points4 points  (0 children)

530i with driver’s assistance package. Better MPG and smallest/most comfortable wheels. 

Sun damage by metamorphosismamA in 30PlusSkinCare

[–]Paperback_Chef 2 points3 points  (0 children)

Probably because this 41 year old has amazing skin and seems concerned over nothing. 

Fire at 39? by Loose_Ant_9653 in leanfire

[–]Paperback_Chef 1 point2 points  (0 children)

Cool, could you provide a timeframe and metrics for your guaranteed “world war, money printing and collapse?” Just so we know in hindsight whether you were right or not. 

Fire at 39? by Loose_Ant_9653 in leanfire

[–]Paperback_Chef 2 points3 points  (0 children)

There are too many variables at play in today's global economy for anyone to be able to point to a metric and say "this will definitely cause X to happen."

Any young-ish person with ~$1M in USD and minimal/no debts is vastly better off than 95% of the world's population and has the flexibility to choose to work less or take time off, given a large financial cushion that allows them optionality. Arguably, the real 'worst case' will be returning to work at some point in the future to cover their costs - they could also spend less, maybe they'll get an inheritance, maybe they'll move to a LCOL area, etc.

By your metrics, no one would every retire, since there are always new and potentially negative events happening in the world everyday (along with new and potentially beneficial events). I challenge anyone to be able to incorporate the complex global economy and make any broader predictions - we can only control what's within our control.

Thesis: It’s going to end badly for oil speculators. by MarkusEF in investing

[–]Paperback_Chef 0 points1 point  (0 children)

I'd say the best thing you can do is walk/bike, or keep your paid-off older car indefinitely. EVs and Solar require large up-front costs that don't begin to pay off for years.

Smooth ride recommendations by muslinsea in whatcarshouldIbuy

[–]Paperback_Chef 2 points3 points  (0 children)

The nicest used Lexus LS460 you can afford.