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

To: LindyBill who wrote (15481)	1/17/2000 11:19:00 PM
From: TigerPaw	Respond to of 54805

, none of us on this board who are retiring have small children, That's very near my only holdup. I'm figuring 1/2 mill to get them on their own. So I need that on top of what you senior citizens need. ;) TP

To: LindyBill who wrote (15481)	1/18/2000 12:20:00 AM
From: mauser96	Read Replies (1) \| Respond to of 54805

LindyBill , we are going to have to chip in to buy you a calculator <g> (20% return on 2 mil or 200K a year). I can get by fine on $100,000 a year, or even less without undue sacrifice Living costs are a lot less here in Tennessee than on the west coast. Peter recently posted about retiring to fish, vacation, and golf. Been there, done that. I found the main pleasure in this was that they were special treats when I was working full time in the office. They became dull when I could do them whenever I wanted. Now I'm back to an almost full time job as an investor. Sometimes it's exhilarating, and sometimes it's frightening, but it's never boring.. I agree about the fancy investment firms. In my early days as an investor when I had minimum money to match my minimum skills, they didn't want me. Now that my position is much better, they want me, butI don't want them. There's no shortage of talent right here on our little SI community, and we can learn from each other for our mutual advantage.

To: LindyBill who wrote (15481)	1/18/2000 1:07:00 AM
From: freeus	Respond to of 54805

LOL You tell em LindyBill: I would no more turn over my account to a management firm than I would turn over my kids/grandkids to a commune. :o) Freeus

To: LindyBill who wrote (15481)	1/18/2000 11:21:00 AM
From: Len	Read Replies (3) \| Respond to of 54805

Lindy, I agree with you. In fact, right now my goal is to get to $2 million. Using the strategy you and others describe I think that kind of money can work for you for a very long time. Most of us are, as you say, from modest backgrounds and our kids are growing up quickly. If you caqshed in $1 million to back you up for 10 years you would actually get much more. Even at 5% interest you are going to accrue significant interest. In the meantime the $1 million left should again double over the ensuing 10 nyears giving the opportunity to do it again. Now, if we could figuren out how to live long enough to enjoy it all.... Len

To: LindyBill who wrote (15481)	1/18/2000 6:27:00 PM
From: mtnlady	Respond to of 54805

I guess I qualify with two little ones ages 5 and 7. Of course I didn't realize I was, most likely, retired until this year. I just knew that working had now become a choice I could make or not make. I still 'work' but doing things that don't pay a salary but the supply other 'dividends' (i.e. I set up our own charity and spend a lot of time with my kids..and investing..which I love!). As far as the amount of $$ necessary to 'retire'. Enough so you have large enough holdings to consistently keep generating a comfortable years worth of income AND add to the kitty. Bills all paid off and cash in the bank for difficult times. Of course the trick is what a comfortable years worth of income is for you and your household.