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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: MrGreenJeans who wrote (12738)3/24/2000 10:11:00 AM
From: Kirk ©  Read Replies (2) of 15132
 
My critical mass number was determined by doing the following calculations

snip

In some sense your critical mass number is a psychological number.

BINGO! My belief is the true critical mass is about 10 lbs, grey and located between my ears. 8)

With the high valuations today and if we get a real(TM) bear with severe deflation, we might be lucky to get 4% on fixed money, not 6% which throws quite the monkey wrench on CM calculations. Your $2M quickly goes to $3M.

One way around that is to work, but do what you want and work part time more for enjoyment rather than the size of a pay check. I have chosen this approach and find the hardest part is resisting all the great offers to return to my first profession or put in more hours in the new one. If you can contract (charge by the hr), then just raise rates to get fewer hours and the same total pay. (or buy a bunch of company stock when it is between $0.875 and $2 and start taking profits, in the IRA, when it is above $9 as I did today... remaining shares just hit $10 - eeeehh haw! and to think this was only $4 on 1/7/00)

I think doing more volunteer work would be rewarding. Helping others always makes you feel good too. A good friend has created and lost CM with a company he started and sold for stock (only to have the stock tank), but his goal the next time is to keep it and retire to coach youth soccer and perhaps teach high school science (teaching is pretty much volunteer wages compared to running a company!).

Kirk out
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