I am happily FIREd and am in need of a TV. Options range from picking up a used 25" TV for $120 to a new 42" wall mounted plasma/LCD screen. Also consider a used car(don't NEED it, but again a luxury).
Being naturally LBYM minded I have a tough time pulling the tricker on the high end - (the money are there - but looks so much better growing in my broker account  ) so in order to facilitate a DECISION I thought of turning it into a portfolio-performance based decision(PPBD) - since I am anyway a big fan of gummys' "sensible withdrawal rates". I/we already do it to some extent; spend less in bad return years (hmm...even bad return MONTHS in my case he,he) and more in good.
I have not figured out the details but something like: if my portfolio within a given period (from now till max 31st Dec.) have grown with the same amount as the 42" I can buy it. Or maybe DOUBLE the amount? If no growth/loss from now then the $120 TV will be it (or whatever I decide to be the lower range acceptable).
I am not talking groceries or stuff like that - I am talking luxuries or at least things that can be bought at different price levels - and that are not needed urgently.
What do you think?
Cheers!
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