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No slams, Loffy, but you know for instance Voltaire has an entirely different approach. Which is to enjoy life now. If you have even $100,000 you can generate $10,000 a month and live on it, in his case through covered calls, tho theoretically one could also do this with naked puts (however I think he likes to use the margin to buy more stock, and then sell cc, maybe that gives greater income. I haven't analyzed it). And go and play, gambol in the gyre, whatever. There's no doubt that past the first couple hundred thousand people are not really building a portfolio in order to live a better lifestyle--they're building it the way beavers build dams, mountain climbers keep climbing mountains, they're building it out of a mixture of obsession and fun. It's really not "necessary." |
