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02-23-2008, 08:04 AM
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#41
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,305
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__________________
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02-23-2008, 08:33 AM
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#42
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,315
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 Quote:
Originally Posted by megacorp-firee
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 I won't touch THAT one with a ten foot pole.  (As in, that's the last thing I would envy? "I enjoy being a girl" as the song goes. )
I had mused about whether or not I wanted a luxury car like that when I got the first distribution from my inheritance recently. But then, I realized that to me, having a working, ordinary car in my driveway is preferable to having a luxury car in the shop, or worse, by the side of the road. But you make a good point - - the psychology of this does affect one's outlook. Even though I don't especially envy their ability to buy a luxury car, maybe I am just not comfortable with spending that much right now.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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02-23-2008, 09:09 AM
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#43
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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02-23-2008, 09:40 PM
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#44
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Quote:
Originally Posted by Want2retire
Good point. But even if someone can afford a luxury car, why would they want the hassle of having it in the shop all the time?
Maybe they have nothing else to do with their time, or maybe their servants take the car in. They live such a different sort of life from my own.
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What makes you think that luxury cars are in the shop more than non luxury brands?
My purely anecdotal experience has shown my BMW to be just as (if not more) reliable than my wife's Honda. My extended family owns a fleet of BMWs and MBs without any major trouble among them.
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02-23-2008, 09:47 PM
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#45
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by FinanceDude
That's not what he was saying..........he's saying he has tools that most of us can only dream about, and unheard access to fund managers and equity analysts.
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Tools have their appeal, but the most important tool is between your ears. Warren Buffet claims he doesn't even use spreadsheets. He may even claim he doesn't use computers.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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02-24-2008, 09:11 PM
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#46
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by haha
Tools have their appeal, but the most important tool is between your ears. Warren Buffet claims he doesn't even use spreadsheets. He may even claim he doesn't use computers.
Ha
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True, but how many Warren Buffets are out there? I know only one........ 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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02-25-2008, 11:00 AM
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#47
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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There is only one. But if I had to nominate a successor David Swenson would be at the top of my list.
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03-01-2008, 01:47 AM
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#48
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,305
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Quote:
Originally Posted by saluki9
What makes you think that luxury cars are in the shop more than non luxury brands?
My purely anecdotal experience has shown my BMW to be just as (if not more) reliable than my wife's Honda. My extended family owns a fleet of BMWs and MBs without any major trouble among them.
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Have you found that the cost of maintenance for the BMmer is much more than the Honda?
__________________
Life is GREAT!
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03-01-2008, 02:34 PM
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#49
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Quote:
Originally Posted by megacorp-firee
Have you found that the cost of maintenance for the BMmer is much more than the Honda?
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Wouldn't know because BMW pays for all maintenance until 50K miles
I'm sure if I drove it to 100K which I probably am not that it would be more. But, the joy of driving has a price and I'm willing to pay it.
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03-01-2008, 02:59 PM
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#50
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,639
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Quote:
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Besides, I believe that fund managers effectively direct the markets,
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Which fund manager(s) are going to beat the index funds over the next 20 years? I'm curious to know so that I can consider moving all of my Vanguard index fund investments to the funds that he (they?) manage.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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03-02-2008, 09:05 AM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Quote:
Originally Posted by saluki9
Wouldn't know because BMW pays for all maintenance until 50K miles.
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I would respectively submit that YOU are paying for ALL maintenance. Just not directly...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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03-02-2008, 10:37 AM
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#52
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,305
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Quote:
Originally Posted by HFWR
I would respectively submit that YOU are paying for ALL maintenance. Just not directly...
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Fries do come with the hot dog, but you willingly pay the price.
__________________
Life is GREAT!
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03-02-2008, 10:40 AM
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#53
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,549
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Quote:
Originally Posted by HFWR
I would respectively submit that YOU are paying for ALL maintenance. Just not directly...
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Yes, but how much more does one earn by pre-paying for services that are sure to rise over the period you own the car?
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Only got A dimple, would have preferred 2!
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03-02-2008, 01:49 PM
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#54
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Quote:
Originally Posted by HFWR
I would respectively submit that YOU are paying for ALL maintenance. Just not directly...
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it's a moot point. I simply don't care about the maintenance. I drove all of the cars in it's class and none of the other put a smile on my face when I drove them.
However, you are technically correct, I'm not as dumb as I look.
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03-02-2008, 02:22 PM
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#55
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Quote:
Originally Posted by saluki9
it's a moot point. I simply don't care about the maintenance. I drove all of the cars in it's class and none of the other put a smile on my face when I drove them.
However, you are technically correct, I'm not as dumb as I look.
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Dang, hit a nerve or something? Just pointing out that seldom is anything "free"...
OTOH, if my vehicle starts, and the A/C works (this is Texas, after all), then I'm reasonably happy...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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03-02-2008, 05:28 PM
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#56
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by CybrMike
seems kind of silly though.
"I can beat the market with all my fancy stock and manager picking, but no one else can so they should just invest in index funds."
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David Swensen did not say that nor did he imply that. He simply says that most individual investors do not have the resources and time to pick market-beating managers and therefore should stick with index funds.
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03-02-2008, 05:48 PM
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#57
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by saluki9
What makes you think that luxury cars are in the shop more than non luxury brands?
My purely anecdotal experience has shown my BMW to be just as (if not more) reliable than my wife's Honda. My extended family owns a fleet of BMWs and MBs without any major trouble among them.
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You must be the lucky one. I cannot imagine the BMWs are as reliable as Honda's or Toyota's. The maintenance cost of a BMW should be a lot higher that of a Honda.
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03-02-2008, 08:21 PM
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#58
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Quote:
Originally Posted by HFWR
Dang, hit a nerve or something? Just pointing out that seldom is anything "free"...
OTOH, if my vehicle starts, and the A/C works (this is Texas, after all), then I'm reasonably happy...
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Not at all, quite the opposite in fact.
You were totally correct.
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03-03-2008, 08:56 AM
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#59
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by saluki9
it's a moot point. I simply don't care about the maintenance. I drove all of the cars in it's class and none of the other put a smile on my face when I drove them.
However, you are technically correct, I'm not as dumb as I look.
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How about the disclosure that your BMW is a COMPANY car, and you pay NO maintenance anyway.......... 
I suppose you have to buy gas........... 
How about your S2000? Any big repairs on that??
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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03-03-2008, 09:01 AM
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#60
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by Spanky
You must be the lucky one. I cannot imagine the BMWs are as reliable as Honda's or Toyota's. The maintenance cost of a BMW should be a lot higher that of a Honda.
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It is.........but you'll never get a diehard BMW or Mercedes owner to admit it.
BMW and Mercedes dealers have a nice stamp they use when they service one. It goes in a neat little book that stays in your glovebox. It shows all the overpriced synthetic oil changes and $150 a hour mechanic work done on your car.
Here's the REAL scam. If you trade in your car without all those cute little stamps on it, you get MUCH LESS on trade-in, because the dealer will tell you that they can't sell it as a "certified Mercedes". Nice scam if you can get away with it.......... 
On premium fuel requirements alone, a Toyota or Honda would be cheaper.......
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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) when it comes to others spending on things we may think wasteful.
