Have you ever thought (while you were actually making money) How much money is it my goal to have?
It's a toughie, really. Do we aim for, say, $1,000,000 and then get out or write cov calls over and over for income, and live about like we live anyway?But without working for someone else. Or do we aim for $2-$3,000,000 and be able to live more luxiously and take trips and give fabulous presents? or do we aim for $5,000,000 and drastically change how we live, or travel all the time using the best hotels and restaurants and renting fancy care? or do we aim for $50,000,000 or something like that and finance not only ourselves and our families but our most cherished "cause"? (For me, obviously, individual rights).
All answers are welcome. Interesting thought. I am wondering if aiming at less allows one to be able to sell more easily and take profits?????(In an IRA of course because in the taxable account I agree with a poster to me that we should be financing a spendthrift government as little as possible.)
Freeus |