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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (15338)	1/16/2000 7:27:00 PM
From: gdichaz	Read Replies (1) \| Respond to of 54805

LindyBill: Well you smoked me out. Earlier I said a bit about my first retirement. This is about the second. "dynamic portfolios are seldom the goal of successful retirees" I suggest that that should read "dynamic portfolios are an essential element within the investment strategy of successful retirees" Retirees need growth stocks. Not necessarily 100% growth stocks, but in reality, why not? Although real estate may (or may not) be a useful side investment - depending on skill and location, location, location. The only thing that can be said for buying bonds is that buying bank CD's is worse. Inflation is slow but insidious. It is the retirees achilles heel. So called "income stocks" might (with luck) keep you as a retiree even with inflation and perhaps a bit better, but not really cover living in any style you would enjoy probably. Therefore the question to me is how best to go about choosing the growth stocks you buy. Again to me the time spent understanding which technologies have the most growth in them is essential. That is the base for making informed choices. Then the problem is narrowed to buying within those rapidly expanding technologies. And again to me being retired is a major advantage in all this, since you have a little more of that most precious of all resources - time. If you use that time wisely, you can choose well - if you work at it. The dirty little secret is that successful investment is work. Automatic pilot is impractical and in my view dangerous. So retirement is an opportunity. Again, enough for now. Best. Cha2 All of the above is just what I think, offered in the spirit of sharing. And perhaps the most important point of all is that as a retiree it is possible to learn a great deal about new technolgies and cutting edge investments within them (such as the Q or JDSU) and that is not only profitable it is intellectually stimulating - and fun.

To: LindyBill who wrote (15338)	1/16/2000 8:23:00 PM
From: janet_wij	Read Replies (1) \| Respond to of 54805

Bill, This discussion of early retirement is intriguing. A little over a year ago, I wrote a check to myself in the amount of $2 million, with a date certain in the not too distant future. I carry that check around with me in my wallet. I looked at it recently. About retirement--I have income real estate and will have a modest pension. Together the two will replace 70% of my current salary. And as soon as my portfolio, half of which is in taxable accounts, crosses that magic number, I'm outta there to pursue the challenging and rewarding job of full-time investor. Recently, there was a great discussion here of kids and money. Over Christmas, while watching CNBC, my granddaughter asked about the numbers and letters crawling across the bottom of the screen. After a rudimentary explanation, she offered that she'd buy Disney and Intel. Her reasons: she likes Disney movies, and Intel has Windows 95. So she was a little confused about what Intel makes. But she does know that every computer in her home has Intel and Windows inside. God, was I proud of her. She's six. And while I didn't buy either, they've both had a decent run since she recommended them. Her record is as good as the talking heads. Seems I'll have an investing partner in retirement. Janet

To: LindyBill who wrote (15338)	1/16/2000 9:05:00 PM
From: unclewest	Read Replies (2) \| Respond to of 54805

dynamic portfolios are seldom the goal of successful retirees perhaps that was not the best choice of words. certainly dynamic growth stocks have a place and do represent a portion of my retirement investments....what i am trying to say is this... if history can be believed, relying on relatively short term market gains for living expenses will sap your portfolio in bad years...put a few bad years together and...well... my personal plan is to keep 10 years retirement funded...this year i made an exception (exceptionally good year) and funded 2 years..so i now have 11 funded. normally i add one year every year. that keeps the long term safety in place. remember this! it is much easier to guarantee another coupla years of comfortable retirement when the market is zinging than when it is tanking. i presently own no investment real estate. i have and i will again when inflation becomes rampant. leveraging real estate with 5% down in a 10% inflation virtually guarantees a 200% annual return. my personal experience in the 80's was much better than that. i can see from the other responses that many thread members are giving this retirement thing more thought than i realized...i'll shut up now. unclewest :o) edit...oh well....!...just read uf's post. kindly reread my post on this subject...my suggestion was to have an expert evaluate "your" retirement plan. when i did that i found out that i was overfunded, could retire early and allow for some fine safety plays. plays that i had never considered. i was not recommending any m/l investments..i own none... i was recommending their retirement planning book and plan. others are available too. the level of independence and free thinking on this subject is stimulating...maybe we should revisit the subject after a real bad 6 monthds in the market.