Overheard at Work 2

[okisok]

TIL at work that there is an even more expensive super cooling/heating travel coffee mug with a handle that costs $100 and has a waiting list. To be clear, they cost about $20 on their website, but you can buy them from resellers on the web for $100 if you just cannot wait to be parted from your money.

https://www.stanley1913.com/products/adventure-quencher-travel-tumbler-40-oz

Sounds like a good business opportunity. It shows as 40 dollar though.

Yup, most of the prices are ridiculous and most of the styles are sold out. Hence the $100 price on Amazon on similar

[dragoncar]

Talking with a coworker yesterday about how he is deciding if to get a new van or not.  He has like 5 kids plus him and his wife so has a ligit use for a big van but he was saying that buying a new one would save him 2k$ per year in gas.  I replied that that alone would buy two of the ebikes commute with most days a week.  He is moderately money smart but there is only so far you can go with a family that big.  I think he has looked at smaller commuter cars and his wife that drives further uses one but he takes the kids to day care, and the both make enough to be worth working.

https://www.canoo.com/

Oh no I might actually buy this.  Stupid MMM forums giving me ideas for spending money

[Michael in ABQ]

Talking with a coworker yesterday about how he is deciding if to get a new van or not.  He has like 5 kids plus him and his wife so has a ligit use for a big van but he was saying that buying a new one would save him 2k$ per year in gas.  I replied that that alone would buy two of the ebikes commute with most days a week.  He is moderately money smart but there is only so far you can go with a family that big.  I think he has looked at smaller commuter cars and his wife that drives further uses one but he takes the kids to day care, and the both make enough to be worth working.

https://www.canoo.com/

Only seats 7, too small for us (6 kids).

[zolotiyeruki]

Talking with a coworker yesterday about how he is deciding if to get a new van or not.  He has like 5 kids plus him and his wife so has a ligit use for a big van but he was saying that buying a new one would save him 2k$ per year in gas.  I replied that that alone would buy two of the ebikes commute with most days a week.  He is moderately money smart but there is only so far you can go with a family that big.  I think he has looked at smaller commuter cars and his wife that drives further uses one but he takes the kids to day care, and the both make enough to be worth working.

Was he talking about a Toyota Sienna, which is hybrid-only?  It's about time Toyota came out with a hybrid minivan.  It's too bad they came out with such an awful one, though.

[Dee_]

I despair of the design of the Toyota Sienna. If I wanted a child-killing front blind spot in the style of SUVs, I would buy an SUV.

[AlanStache]

Talking with a coworker yesterday about how he is deciding if to get a new van or not.  He has like 5 kids plus him and his wife so has a ligit use for a big van but he was saying that buying a new one would save him 2k$ per year in gas.  I replied that that alone would buy two of the ebikes commute with most days a week.  He is moderately money smart but there is only so far you can go with a family that big.  I think he has looked at smaller commuter cars and his wife that drives further uses one but he takes the kids to day care, and the both make enough to be worth working.

Was he talking about a Toyota Sienna, which is hybrid-only?  It's about time Toyota came out with a hybrid minivan.  It's too bad they came out with such an awful one, though.

Dont recall which van he was talking about.  Will see if I see a new Sienna in the parking lot soon.

[dragoncar]

Talking with a coworker yesterday about how he is deciding if to get a new van or not.  He has like 5 kids plus him and his wife so has a ligit use for a big van but he was saying that buying a new one would save him 2k$ per year in gas.  I replied that that alone would buy two of the ebikes commute with most days a week.  He is moderately money smart but there is only so far you can go with a family that big.  I think he has looked at smaller commuter cars and his wife that drives further uses one but he takes the kids to day care, and the both make enough to be worth working.

Was he talking about a Toyota Sienna, which is hybrid-only?  It's about time Toyota came out with a hybrid minivan.  It's too bad they came out with such an awful one, though.

What’s a good option?  I know Chrysler has a plug in hybrid but I don’t expect that to last two decades like my accord.  The odyssey doesn’t even have a hybrid option though

[zolotiyeruki]

Talking with a coworker yesterday about how he is deciding if to get a new van or not.  He has like 5 kids plus him and his wife so has a ligit use for a big van but he was saying that buying a new one would save him 2k$ per year in gas.  I replied that that alone would buy two of the ebikes commute with most days a week.  He is moderately money smart but there is only so far you can go with a family that big.  I think he has looked at smaller commuter cars and his wife that drives further uses one but he takes the kids to day care, and the both make enough to be worth working.

Was he talking about a Toyota Sienna, which is hybrid-only?  It's about time Toyota came out with a hybrid minivan.  It's too bad they came out with such an awful one, though.

What’s a good option?  I know Chrysler has a plug in hybrid but I don’t expect that to last two decades like my accord.  The odyssey doesn’t even have a hybrid option though

Well, that's my frustration.  I'd be quite happy with a hybrid version of a 3rd-gen (2006-2010) Odyssey--all the practicality, utility, and reliability of that generation (and lack of froo-froo electronics), plus the efficiency of the hybrid drivetrain.  But even Honda has joined all the other automakers in encrusting vehicles with tens of thousands of dollars of sensors and cameras and electronics in the more recent generations..

[Sugaree]

What do you do with co-workers who always want to ask you about money stuff, but never actually consider your advice?  I have a co-worker, who thankfully I don't have to interact with on a daily basis, that always wants to talk about the stock market.  She's mostly gambling on individual stocks without knowing much about them other than what the talking heads on TV tell her.  For example, she told me the other day that her Microsoft Teams stock was doing well.  I don't look at individual stocks a whole lot, but I'm pretty sure that's not actually a thing.  I think she's talking about TEAM (Atlassian), but definitely specified that it's not MSFT.  I've recommended A Simple Path to Wealth several times, but it goes in one ear and out the other because she's excited about the latest hot tip she's gotten. 

[ixtap]

What do you do with co-workers who always want to ask you about money stuff, but never actually consider your advice?  I have a co-worker, who thankfully I don't have to interact with on a daily basis, that always wants to talk about the stock market.  She's mostly gambling on individual stocks without knowing much about them other than what the talking heads on TV tell her.  For example, she told me the other day that her Microsoft Teams stock was doing well.  I don't look at individual stocks a whole lot, but I'm pretty sure that's not actually a thing.  I think she's talking about TEAM (Atlassian), but definitely specified that it's not MSFT.  I've recommended A Simple Path to Wealth several times, but it goes in one ear and out the other because she's excited about the latest hot tip she's gotten.

Same thing I do with folks who want to tell me how their sports team is doing: smile, nod, maybe mutter congratulations.

[Adventine]

What do you do with co-workers who always want to ask you about money stuff, but never actually consider your advice?  I have a co-worker, who thankfully I don't have to interact with on a daily basis, that always wants to talk about the stock market.  She's mostly gambling on individual stocks without knowing much about them other than what the talking heads on TV tell her.  For example, she told me the other day that her Microsoft Teams stock was doing well.  I don't look at individual stocks a whole lot, but I'm pretty sure that's not actually a thing.  I think she's talking about TEAM (Atlassian), but definitely specified that it's not MSFT.  I've recommended A Simple Path to Wealth several times, but it goes in one ear and out the other because she's excited about the latest hot tip she's gotten.

Same thing I do with folks who want to tell me how their sports team is doing: smile, nod, maybe mutter congratulations.

Yup, exactly. These kinds of people don't actually want advice (even if they frame it that way). They just want to socialize and feel validated.

[Sandi_k]

What do you do with co-workers who always want to ask you about money stuff, but never actually consider your advice?  I have a co-worker, who thankfully I don't have to interact with on a daily basis, that always wants to talk about the stock market.  She's mostly gambling on individual stocks without knowing much about them other than what the talking heads on TV tell her.  For example, she told me the other day that her Microsoft Teams stock was doing well.  I don't look at individual stocks a whole lot, but I'm pretty sure that's not actually a thing.  I think she's talking about TEAM (Atlassian), but definitely specified that it's not MSFT.  I've recommended A Simple Path to Wealth several times, but it goes in one ear and out the other because she's excited about the latest hot tip she's gotten.

This was my dad. I simply say that I don't invest in individual stocks, only indexed mutual funds. Then I don't engage about it, which makes it no fun for them. ;)

[LennStar]

Look a stock up that doubled (or more) recently and tell your coworker you bought it and sold it with this big profit, and all you needed to do was putting in a random ISIN.

If coworker asks how you know that it would do that, answer: The same way as your advisors, they didn't.

[jinga nation]

What do you do with co-workers who always want to ask you about money stuff, but never actually consider your advice?  I have a co-worker, who thankfully I don't have to interact with on a daily basis, that always wants to talk about the stock market.  She's mostly gambling on individual stocks without knowing much about them other than what the talking heads on TV tell her.  For example, she told me the other day that her Microsoft Teams stock was doing well.  I don't look at individual stocks a whole lot, but I'm pretty sure that's not actually a thing.  I think she's talking about TEAM (Atlassian), but definitely specified that it's not MSFT.  I've recommended A Simple Path to Wealth several times, but it goes in one ear and out the other because she's excited about the latest hot tip she's gotten.

I tell them I use index funds. Tell them to go research and come back with more Qs to help further. They don't come back.

TBH, most of these loudmouths are buying these "trending" stocks because FOMO YOLO syndrome, ZERO logical thinking, or reading any book from the Bogleheads recommended lists.

Don't invest anything in loudmouths, zero ROI.

[Imma]

What do you do with co-workers who always want to ask you about money stuff, but never actually consider your advice?  I have a co-worker, who thankfully I don't have to interact with on a daily basis, that always wants to talk about the stock market.  She's mostly gambling on individual stocks without knowing much about them other than what the talking heads on TV tell her.  For example, she told me the other day that her Microsoft Teams stock was doing well.  I don't look at individual stocks a whole lot, but I'm pretty sure that's not actually a thing.  I think she's talking about TEAM (Atlassian), but definitely specified that it's not MSFT.  I've recommended A Simple Path to Wealth several times, but it goes in one ear and out the other because she's excited about the latest hot tip she's gotten.

Same thing I do with folks who want to tell me how their sports team is doing: smile, nod, maybe mutter congratulations.

That's exactly how I manage with all my coworkers who are deeply into crypto and meme stock.

I don't really mention to anyone I'm investing but I'm sure if I did they'd think I was crazy for investing in index funds in central-bank-controlled Euro's. These people expect collapse of the entire financial system tomorrow.

Well, if the whole financial system and capitalism collapse, the value of my index funds isn't going to be the biggest worry. Looking back we came pretty close to the whole Eurozone and financial system collapsing a decade ago and no one really remembers that. I am absolutely aware and possibly more knowledgable than them about everything that could go wrong, but if it all does collapse, does your crypto isn't going to save you.

[Adventine]

@Imma I'm curious if any of your coworkers invested in one of the crypto Ponzi schemes that have been in the news lately (Terra, Celsius, etc) and if they've talked about any losses.

[Imma]

@Imma I'm curious if any of your coworkers invested in one of the crypto Ponzi schemes that have been in the news lately (Terra, Celsius, etc) and if they've talked about any losses.

I actually don't pay attention to the details because I'm so annoyed inside but trying to act appropriately on the outside, but they all talk about their massive gains all the time. Not sure why any of them are still working  .... ;-).

[ixtap]

@Imma I'm curious if any of your coworkers invested in one of the crypto Ponzi schemes that have been in the news lately (Terra, Celsius, etc) and if they've talked about any losses.

I actually don't pay attention to the details because I'm so annoyed inside but trying to act appropriately on the outside, but they all talk about their massive gains all the time. Not sure why any of them are still working  .... ;-).

DH has a colleague that talks just as much about how he spends it. Seems to be the it must be better because I spent more type. It is never about the deal he got.