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Non-Tech : Kirk's Market Thoughts
COHR 189.20-1.1%10:36 AM EST
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To: jc2020 who wrote (12140)10/18/2021 1:06:38 PM
From: Kirk ©1 Recommendation

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techtrader73

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My guess is in my 80s I'll have to work harder on deciding who or what I'll donate whatever is left to.
Life is just too short. Nice to have a big estate but most folks reaching 80 are going downhill fast. What are they going to spend their money on?

One idea was donate my land and house to the school district and have them name it "The Lindstrom House" where teachers and first responders can live for a modest fee to cover property taxes and upkeep. That would probably be a better legacy than having kids since it would help a whole community.
Life is just too short. Nice to have a big estate but most folks reaching 80 are going downhill fast. What are they going to spend their money on? I still plan to ski etc in my 80's in CO where I live. My windsurfing days are over although I can still kite. I spend many days working outside clearing, moving rocks besides golf, fishing, hiking, and travel.

It is amazing how young exercise keeps us.
What would most here rather be doing in their 60's?

I pretty much "semi retired" at age 41... yeah, I used my time to try and use my investing content as free attraction to a website we tried to grow into what Facebook became. While doing that I helped a gal raise her kids and set up a computer in the living room of her house in Los Altos hills overlooking the SF Bay for the kids to do homework and me to use during the day. I'd hang there in shorts "working." She bought a big telescope that I could look down and see when it was windy at the Palo Alto launch and head there for my afternoon workout... This was like 20 years ago and I often forget how much fun it was despite not having much cash while working for stock options and newsletter subscriptions to pay the bills. I'm with someone else now for 18 years but her kids, all three are doctors now, and I are still friends and keep in contact.

I've had (in all false modesty) some great ideas that far more successful people turned into HUGE companies but I sure had fun trying. For me, it was more important to have ideas and talk about them while making enough on my investing... taking profits than buying back when cheaper... to afford the lifestyle. Sort of the crazy inventor deal I guess. I can bore people with it so I have to be careful. Even now, I still enjoy writing my newsletter without advertising for new subs as those I have like it and it really helps me make enough with my own trades to be very comfortable. My only "failing" is I'll have to pay a ton of taxes on the gains that I've accumulated in the IRAs. I haven't figured out how to beat the tax man other than keep income as low as possible for awhile.

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