Hi Jay, well I must correct a few misconceptions....
<<You feel young, free, wealthy, smart, fortunate, and invincible. You are the symbol of one historic moment,>>
First [I see CB kinda beat me to the punch here ] at 57 I'm probably older than your self.....But I must agree to a degree you do describe how I feel ......I hope to preserve [ in all honesty to myself ] the "historic moment" as long as possible.I have,though , <sigh> realized that invincible I am not.Nor do I consider $500k wealthy..
<< So, when your style stops working, you will no doubt switch style, right? >>
I don't think so..Too much time invested in said style....I would prefer to believe when that time arrives I will do what most on this thread are now doing....Wait for better times.
<<lack of responsibility should not be used to justify an investment style. >>
Perhaps but the presence of responsibility should.And since I no longer have that responsibility I am free to chose an investment style that suits me.
I apologize if my reference to dollars was misconstrued. It was meant to convey that I have experienced the rags to riches and return to rags thing....That is some have seemed to imply [ even yourself ] that I didn't know the trauma of loss. Percentages would not have conveyed this.
<<You are wrong about losing because you have not lost … yet.>>
Having gone from 50k to 500k 3 times was meant to demonstrate that I went from 500k to 50k twice...I know loss.It did not break my spirit however.Nor change my lifestyle. Nor did it <<making the whole exercise superfluous>>...Remember my reasons for doing this. Besides being of obvious intelligence I'm sure that you can realize happiness is different things to different folks.For me your island paradise could never compare to a weekend camping, hiking and fishing at the bottom of my beloved Owens River Gorge..And it's free!
<<take another girl you also adore, ....in the winter, to Boracay. >>
I took her on a pilgrimage to the Beaverkill River for a camping weekend and it was never better.
Now if I made real money I would build [ with my own hands ] a solar home onna mountain top nearby a trout stream. My whole point was why not risk the 500k? It alone will not change my life style.
As to my track record I do not consider it conclusive one way or another as yet. But I must add that <<made some money, by taking some risks, when there were none>>
Is not at all accurate.In 1999 when the NAZ did all that wonderful stuff 60% of all NASDAQ stocks were down for the year...And although 2000 was full of risk it was my best year ever.I am a stock picker [small caps] and sink or swim with the success there of. I must add that small caps have been at risk for many years now. I drool at the thought of them coming back in style. |
