Genesis Owner Experience

[Mark_888]

I believe it's "net worth" and "liquid assets", your liquid assets being part of your net worth, along with your dog, your wife, etc.

I meant net worth in both cases. Liquid net worth includes cash, marketable securities, etc, but excludes non-liquid assets like home equity, personal belongings, etc.

Knowing someone's assets (without their liabilities need to calculate net worth) doesn't really mean anything. People (or companies) who declare bankruptcy often have lots of assets.

 

[kn5owa]

I meant net worth in both cases. Liquid net worth includes cash, marketable securities, etc, but excludes non-liquid assets like home equity, personal belongings, etc.

Actually --- I think net worth is better defined as (hard assets like real property) (+) liquid (invested) assets (-) debts. That latter component - debts - is what separates the men from the boys.

 

[Mark_888]

Actually --- I think net worth is better defined as (hard assets like real property) (+) liquid (invested) assets (-) debts. That latter component - debts - is what separates the men from the boys.

Yes, net worth is:

assets - liabilities (debts) = net worth​

Liquid net worth only includes assets that are cash, marketable securities (stocks, bonds, etc), or other assets than can be turned into cash within about 3 days.

Real estate and most personal property are not considered to be liquid assets.

 

[williakz]

Ah, debt. Where it is, where it should be, and where it can go...

Can someone explain to me why credit card companies keep wanting me to increase my charging limits even though I NEVER charge anywhere near the current limit. I'm at less than 4% utilization right now, and it looks like they want to move me even closer to zero! Does it somehow make them feel better to drive my utilization down? Why? They're the ones doing it, not me! If I were them, I'd be concerned that their golden boy customer (me!) might someday go off the deep end, charge up cashable items to the tune of a few hundred grand, and fly the coop to Rio with my new girlfriend (sorry, wife!).

I guess I just don't understand debt and credit.

 

[Mark_888]

Ah, debt. Where it is, where it should be, and where it can go...

Can someone explain to me why credit card companies keep wanting me to increase my charging limits even though I NEVER charge anywhere near the current limit. I'm at less than 4% utilization right now, and it looks like they want to move me even closer to zero! Does it somehow make them feel better to drive my utilization down? Why? They're the ones doing it, not me! If I were them, I'd be concerned that their golden boy customer (me!) might someday go off the deep end, charge up cashable items to the tune of a few hundred grand, and fly the coop to Rio with my new girlfriend (sorry, wife!).

I guess I just don't understand debt and credit.

It's done by computers. If you credit is good, they raise your credit limit, usually automatically according to some formula.

 

[williakz]

It's the (il)logic behind the formula that mystifies me, not the mechanics of its application.

 

[need4spd]

Back on topic.

You can see the press releases here on the new standard features (the safety suite is now standard) and options on the G80 and the new services included:

link to all press releases for genesis motors
http://www.genesisnewsusa.com/us/en/media/pressreleases/list

G80 standard features and options for 2017
http://www.genesisnewsusa.com/us/en/media/pressreleases/384/documentfile

new genesis experiance
http://www.genesisnewsusa.com/us/en...e-customer-programs-for-stress-free-ownership

 

[trespinosranch]

Interesting reading both sides of the argument. I don't expect to get anything I didn't pay for (which the new owners will pay for in the price of the car).

I would love to receive a better dealership experience though. Having come from Mercedes & Lexus, it's like shopping at Walmart compared to Macy's or Nordstrom. I'm accustomed to having a loaner parked outside at my appointment time.

Maybe the new Genesis dealers could provide some sort of heavily discounted price for the perks that will come with the 17's.

 

[trespinosranch]

I can guarantee you that my net worth (and liquid net worth) is higher than yours.

About 10 years ago I used to think the guy who dies with the most toys wins.

Now, I want to die broke. The last check I write is to the undertaker, and that one bounces.

 

[kn5owa]

We need some hard numbers here.

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[Mark_888]

About 10 years ago I used to think the guy who dies with the most toys wins.

Now, I want to die broke. The last check I write is to the undertaker, and that one bounces.

I am thinking about that also. All that is needed is to purchase a fixed annuity from a life insurance company using one's entire savings, that will pay a set amount each month to you until death. The amount paid represents both interest and return of capital so it has no residual value once you die. That allows you to spend all of your monthly income without worrying about how long it will last.

The only problem is that interest rates are so low right now, these fixed annuities only pay about 5%-6% of the amount of the annuity purchased, because the life insurance companies have to mostly invest in US Treasury Bonds. In more normal times, it would pay about 8%. I may be purchasing one of these in the next 5-10 years, and then I will die broke.

One can also purchase joint annuities, that pay until both spouses die.

 

[Mark_888]

We need some hard numbers here.

Are you talking about the yardstick, or net worth?

 

[kn5owa]

Are you talking about the yardstick, or net worth?

I believe net worth was the issue that you posted.

 

[williakz]

You'll be needing something to measure
.
.
.
the stacks of money!

 

[kn5owa]

You'll be needing something to measure
.
.
.
the stacks of money!

My God! that much -- never realized.

 

[williakz]

Nah, they're pikers. I weigh mine on a bathroom scale...

 

[PaFromFL]

I am thinking about that also. All that is needed is to purchase a fixed annuity from a life insurance company using one's entire savings, that will pay a set amount each month to you until death ...

I'd be leery of any insurance products and pensions right now. We could easily get sucked into the global deflation black hole. Pension and insurance products can't withstand a prolonged near-zero interest environment. Some are insured by the government today, but that could change.

 

[Mark_888]

I'd be leery of any insurance products and pensions right now. We could easily get sucked into the global deflation black hole. Pension and insurance products can't withstand a prolonged near-zero interest environment. Some are insured by the government today, but that could change.

I agree, and that's why I said I would not likely do that anytime soon, until interest rates are normalized, sometime in the next 5-10 years. Since the US national debt is now over $19 trillion, one would think that eventually inflation and higher interest rates will return.

 

[jsmit86]

While all of this talk of net worth, annuities and "ahem" measurements is certainly fascinating, perhaps it belongs in another dedicated thread. We can get this one back on the owner experience.

 

[williakz]

I agree, and that's why I said I would not likely do that anytime soon, until interest rates are normalized, sometime in the next 5-10 years. Since the US national debt is now over $19 trillion, one would think that eventually inflation and higher interest rates will return.

The effect of that massive debt (mostly financed with short-term instruments) on the government's budget given higher interest rates is a major factor keeping them at near zero. As well, financial markets (and the wealth based on them) are hypersensitive and dependent on keeping rates from rising to the "normalized" levels you seek. (see David Stockman's The Great Deformation).