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Re: Inflation
Old 07-31-2006, 11:46 AM   #21
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Re: Inflation

"I got semi-retirement for my 52nd and full retirement for my 55th "

To my DW and I thats the best gift of all.
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Re: Inflation
Old 07-31-2006, 11:51 AM   #22
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Re: Inflation

Quote:
Originally Posted by shiny
But, we dropped some change in Bora Bora instead.*
Uh, yeah, well, that's not really an option when you have an infant around. *So joolry it is...
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Re: Inflation
Old 07-31-2006, 12:04 PM   #23
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Re: Inflation

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Originally Posted by brewer12345
Uh, yeah, well, that's not really an option when you have an infant around. So joolry it is...
Plus, what matters is what your DW wants!

I was just trying to say that we were looking at rings because we thought we had to, then realized that we didn't.
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Re: Inflation
Old 07-31-2006, 12:13 PM   #24
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Re: Inflation

Brewer,
Any way you can create a new 'illiquid long-term assets' column on your net worth balance sheet and put joolry in it? That way you could really do right by your wife this anniversary and it wouldn't 'cost' you a dime!

Just looking for loopholes Isn't that how Enron did accounting?

I suspect that having a Dad in the jewelry business means Brewer has a higher obligation put on him to deliver the goods from time to time. Just one of those items you have to budget for... I suppose cubic zirconia are not an option? They can be the ER's best friend, just don't tell Dad.
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Re: Inflation
Old 07-31-2006, 12:40 PM   #25
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Re: Inflation

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Originally Posted by ESRBob
I suspect that having a Dad in the jewelry business means Brewer has a higher obligation put on him to deliver the goods from time to time. Just one of those items you have to budget for...* *I suppose cubic zirconia are not an option?* *They can be the ER's best friend, just don't tell Dad.
Dunno how much longer Dad will stay in the business, so there is a certain amount of "getting while the getting is good" going on here. CZ are flashier than real diamonds, and DW has seen enough good stuff to know the difference.

Besides, we scrimp and save an awful lot. This is hardly a budget buster.
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Re: Inflation
Old 07-31-2006, 12:50 PM   #26
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Re: Inflation

DW isn't into "joolry", but she loves vacations. We'll be blowing a few grand on a trip to Hawaii next spring. You can only scrimp so much, and I don't exactly suffer giving in to that request!
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Re: Inflation
Old 07-31-2006, 01:44 PM   #27
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Re: Inflation

BTW, I am all in favor of jewelry, trips, nice clothes, $100 hair doos, Ferragamo. whatever you like and can afford.

I was just remembering the old "I live on 49 cents a day" posts that used to fill me with envy, until I realized that they were mostly BS.*

I don't see any virtue at all in deprivation. We clearly need to get to that (4 x expenses) level if we are to retire. Some of us can do it with high salaries, some with high ROI, but others will mostly have to scrimp pretty hard, or alter the goal.

Ha
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Re: Inflation
Old 07-31-2006, 02:06 PM   #28
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Re: Inflation

Quote:
Originally Posted by HaHa
BTW, I am all in favor of jewelry, trips, nice clothes, $100 hair doos, Ferragamo. whatever you like and can afford.

Yeah -- when you consider the alternative, it could actually be cheap! If that is what it takes to help keep a marriage glued together, (and you can afford it) it all seems well worth it.
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Re: Inflation
Old 07-31-2006, 02:13 PM   #29
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Re: Inflation

Quote:
Originally Posted by HaHa
We clearly need to get to that (4 x expenses) level if we are to retire.
Wait, wait! We need minimal living expenses times four in order to be able to retire? I can see 1.2-1.5, just to be on the safe side, but 4?
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Re: Inflation
Old 07-31-2006, 02:30 PM   #30
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Re: Inflation

Quote:
Originally Posted by HaHa
BTW, I am all in favor of jewelry...
Hmmmmm. Pre-teen daughter asks, "Mom, where do babies come from?"

Mom launches into an explanation of a loving relationship between a man and woman, a general description of "sex", and how that leads to pregnancy and childbirth.

After listening intently to her mom's explanation, the daughter says, "OK. If sex is where babies come from, what about oral sex?"

Mom smiles and replies, "Sweetie, that's where jewelry comes from."

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Re: Inflation
Old 07-31-2006, 02:36 PM   #31
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Re: Inflation

Quote:
Originally Posted by shiny
I am not into jewelry, I barely wear what I have.
I repeat
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Re: Inflation
Old 07-31-2006, 02:38 PM   #32
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Re: Inflation

Quote:
Originally Posted by shiny
Quote:
I am not into jewelry, I barely wear what I have.
I repeat* *
It all depends on how you parse "barely" in that sentence*
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Re: Inflation
Old 07-31-2006, 04:07 PM   #33
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Re: Inflation

Quote:
Originally Posted by Scrooge
Wait, wait! We need minimal living expenses times four in order to be able to retire? I can see 1.2-1.5, just to be on the safe side, but 4?*
I mess this up all the time. I personally use minimal expenses x40. So if you could get by on $25,000 pa, you need $1 million. Others may use a higher level of living expenses x a smaller number, eg 25 for the commonly accepted 4% SWR.

Ha
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Re: Inflation
Old 07-31-2006, 04:18 PM   #34
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Re: Inflation

Quote:
Originally Posted by HaHa
I mess this up all the time. I personally use minimal expenses x40. So if you could get by on $25,000 pa, you need $1 million. Others may use a higher level of living expenses x a smaller number, eg 25 for the commonly accepted 4% SWR.
Oh! Thanks, that makes me feel much better! 8)
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Re: Inflation
Old 08-01-2006, 05:02 AM   #35
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Re: Inflation

Quote:
You mean jewelry shops have 100-150% markup??
um, pretty much all retail has markups of at least 100%.

Brewer, the jewelry is a wise investment (even if you didn't get it at a discount). Most women do a disproportionate share of the household duties, so it's nice to have a little perk that says "thanks!"* I don't 'expect' jewelry or gifts, but I think I might if DH's relative was in the biz. Just like I'd be annoyed to have a broken-down car if he had a relative nearby who was a mechanic...* * ... so you in particular pretty much 'hafta' come up with something every now and again.

Best wishes to both of you on your anniversary!
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Re: Inflation
Old 08-01-2006, 07:08 AM   #36
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Re: Inflation

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Originally Posted by ladelfina
um, pretty much all retail has markups of at least 100%.
FWIW, I priced as close as I could get to the ring I am buying on Blue Nile and the equivalent was coming out at over $10k. Gives you an idea of the mark-ups, and that is without retail store overhead.
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Re: Inflation
Old 08-01-2006, 09:03 AM   #37
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Re: Inflation

Jewelry markup is pretty nutty.

When my dad was still teaching at Tufts, I had access to his investment centrifuge (not the same kind of investment!). I could buy wax pieces to make molds of the usual jewelry you'd buy at the mall, rings, earrings, necklaces...invest that (make a mold out of it) and fill them with any metal I wanted, bought at wholesale.

Putting together some of the complex necklaces was a huge pain in the butt, but I could knock out a ring or earrings, have a few stones set, and for a couple of hours, $20 for the wax piece, a hundred for the gold, and whatnot...

I saw the same pieces selling for 4-5x my out of pocket costs at the mall. The easy one (and fashionable at the time) was making gold 'nugget' rings for all my friends. For around a hundred bucks I could make a ring that sold for $500-800 at a jewelry store.

Yeah, theres some markup...

Costco does carry some fairly good quality stuff at decent prices for those without a family connection. And I highly recommend Blue Nile for great selection and good prices.
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Re: Inflation
Old 08-02-2006, 12:35 PM   #38
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Re: Inflation

Plasma tvs, not diamonds: http://news.yahoo.com/s/nm/20060802/...chnology1_dc_2
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Re: Inflation
Old 08-02-2006, 01:08 PM   #39
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Re: Inflation

I think that survey just means that one in four men havent learned to sign their wives names to a survey yet...
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Re: Inflation
Old 08-02-2006, 01:23 PM   #40
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Re: Inflation

Quote:
Originally Posted by Cute Fuzzy Bunny
I think that survey just means that one in four men havent learned to sign their wives names to a survey yet...
I'd have to say my wife cares very little about jewelry (flowers - different story!). She wants useable things. Things that will improve her life. Furniture. A big(ger) tv (that was the birthday present for her and I and father's day all in one). Kitchen remodel. At least it's stuff I may (directly) benefit from too.
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