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

To: Uncle Frank who wrote (15365)	1/17/2000 1:26:00 AM
From: chaz	Read Replies (1) \| Respond to of 54805

This has been an incredibly interesting weekend of fascinating post topics. For someone just coming aboard, it would not look like the thread header at all, but this retirement early stuff is what the dream is made of. I'm retired as well, by no means to the advantage that many of you are speaking, but I'm headed that way, and making more than suitable progress. Just a few years ago we wouldn't have dreamed of discussing this with strangers, but here, it's not every man for himself. Remember the patient technical discussion of row-locking last weekend...how refreshing! During the week we built a system to broaden and organize our collective heads, and dedicated lurkers came out of the woodwork to participate. One of us found a way to unlock the treasures in our past posts. Those are "sticky" attributes. Lindy is pulling us all together in San Diego. That's gotta be a "first" for any SI thread. I have much to celebrate...all of us do. This post may be a mite "gushy" for some, but so what. This is how I feel.

To: Uncle Frank who wrote (15365)	1/17/2000 11:33:00 AM
From: JavaGuy	Read Replies (1) \| Respond to of 54805

RE: Retirement. /* begin useful stuff / I found this link full of great information on retiring (early). geocities.com It details the early withdrawal of IRA's that you mentioned, Frank. It also points to some resources to help you make the appropriate calculations. It's worth a bookmark. I didn't see any mention specifically of a ROTH being treated the same as a reg IRA, but I will keep looking. I even found a gem on company stock in a 401k, some of you may know this, but I bet most don't - Apparently you can take the stock out of the 401k and only pay income tax on the basis* of the stock (& no penalties), and then only pay long-term cap gains when you sell. - May be much better than rolling the stock into an IRA, where you pay income taxes on the amount of the withdrawal. I know a lot of folks with very low basis company stock in their 401k, it would be a crime to roll it over... Especially if you work for a G&K company. /* end useful stuff / Anyway, at 31, I may retire in 4 - 5 years. I have calculated that working full time costs me a minimum of 1% portfolio value/month in ST portfolio management. I sell calls and puts around my volatile Gorillas and Kings (which are TLB&H), and long LT calls or LEAPS when the stock flat-lines for a bit and the time premiums shrink. This strategy requires time that I can't spare while slavin' for the man. (The strategy has been beneficial, reduces risk and beta, while generates cash. However, I have only had the time to do it on a smaller scale) That 1%/month is rapidly approaching my annual salary, I call it my "cost of working". I have to balance this cost with continuous* quarterly employee stock option grants that should yield mid-5 to low-6 figs each. Talk about "golden handcuffs" - option grants every quarter that vest in 2 years, expire in 4. When I leave, I leave 8 options grants on the table, ouch. Hope we get bought out before I bite that bullet...(Please, don't take this as whining, it's a wonderfully awful dilemma!) Of course I don't depend on these options as part of my retirement due to the uncertainty. This is a fantastic thread, I enjoy the variety of discussions as of late. I am inspired by the recent list of new retirees on this thread. I've been evangelizing the GG to everyone I know like a moonie at the airport, hope I don't have that crazed look in my eyes. I rarely have time to post, so please forgive the rambling, length and slightly OT content. Cheers, -JG

To: Uncle Frank who wrote (15365)	1/17/2000 11:47:00 AM
From: LindyBill	Read Replies (2) \| Respond to of 54805

OK, The date is now set aa March 7th, with no argument.I have got a block of rooms set aside under my name (Bill Millan), at the Del Coronado Hotel. Phone there is is 619 522-8000. These type of reservations can get fouled up easily, so If they don't recognize my name, just go ahead and make your own reservation. Same price. Price $245 in new section. You can stay in the old section for $205. We will have a lunch meeting at the Hotel at 12:30 Tuesday, after the 9:30 annual meeting. Best way to the meeting will be by Taxi. The Party at the Hotel, or at Tio Lios, On Tuesday nite. Lunch will be $33.00 payable to me, and I will cover the Hotel. Please call the Hotel and set your own reservation, and you can send a check to me for the Lunch.(23352 El Perro, El Toro, Ca, 92630). I will be back to you on details on The party later this week. LindyBill