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


To: LindyBill who wrote (36057)12/6/2000 11:38:50 PM
From: mmbw  Respond to of 54805
 
Thank you for sharing your story LindyBill. By the very fact that you have a warm and generous heart, you will receive back ten fold what you give out.

Martha



To: LindyBill who wrote (36057)12/7/2000 12:14:00 AM
From: TheHaj  Respond to of 54805
 
When I read your post I just sat in silence for a while, humbled by your honesty and openness. But you're much too hard on yourself. Reading about your euphoria and conviction in the Q last Nov/Dec helped me to decide to take a big plunge and actually buy a stock valued at $432 per share. I still hold those shares and haven't regretted doing so.

Applying the principles of TFM has tested the faith of many this past year, and it's tenets are true for the long term. Due to circumstances much beyond your control, you were forced to rely on short term market appreciation to devastating effect. I too fell into that mode (although a little more voluntarily) as I invested my family's entire liquid assets into the market Dec-Jan in hopes of raising enough capital to finance the building of our dream cottage in 2000.

Needless to say, those hopes were dashed and the likelihood of realizing our plans in 2001 look pretty bleak right now.

Your new course of action aligns well with the LONG TERM part of LTBH, and I sincerely wish you much future success. I've no doubt that you will look back to these times in future and realize in hindsight that all your decisions(positive and negative) were sound at the time they were made. Please don't allow an out-of-the-ordinary 8 month time frame to shake your confidence.

I would be honoured to meet you someday.

TheHaj



To: LindyBill who wrote (36057)12/7/2000 12:35:47 AM
From: Mike Buckley  Respond to of 54805
 
Lindy,

When it comes to discussing personal finance, your open integrity is the model for everyone to emulate. The ease in which you set the standard for holding ourselves accountable for the decisions we make is admirable.

It's clear that Y2K hasn't been the easiest year for you. I hope 2001 proves to be one of your most enjoyable years.

--Mike Buckley



To: LindyBill who wrote (36057)12/7/2000 6:56:56 AM
From: chmang  Respond to of 54805
 
Lindy, Thank you for sharing so openly your experience!
It' s so instructive for us daily workers who have really no idea of the kind of challenges we will meet when we quit our job. I always suspected that my expenses would rocket and your post tends to confirm it.
"I will keep this up until I can maintain my standard of living with fixed income" . How do you evaluate the capital you need to live on fixed income? Does this mean you put 20 years of expenses in 5% yield money-market instruments? or in blue chips?
Sorry to look curious but planning financial future is a difficult exercise and I'm sure you can help greatly!

Thanks in advance
Charles



To: LindyBill who wrote (36057)12/7/2000 9:29:42 AM
From: shamsaee  Read Replies (1) | Respond to of 54805
 
Hi Lindy

I am sure everything will work out and you will be back to higher heights.I don't post around here any more and hope the folks don't mind but you are not the only one who has had a tough year.We all learned a few things this year and it will serve us going forward.

Best regards,

Shahram



To: LindyBill who wrote (36057)12/7/2000 9:34:09 AM
From: CRL  Respond to of 54805
 
Now THAT's a man with courage and integrity. Thank you, LindyBill, and best of luck.



To: LindyBill who wrote (36057)12/7/2000 1:37:30 PM
From: Nichols  Respond to of 54805
 
Lindy- your post was simply outstanding. Thank you.



To: LindyBill who wrote (36057)12/7/2000 2:22:22 PM
From: freeus  Respond to of 54805
 
Oh my.
Thanks LindyBill.
Oh to have taken that great portfolio in Jan-April and sold it all.(me too)
I'm not sure what I am going to do, but I appreciate you being so open with us.
Freeus



To: LindyBill who wrote (36057)12/7/2000 2:45:22 PM
From: Ibexx  Respond to of 54805
 
Hi Lindy,

Thanks for the heartwarming post.

I still kept your e-picture (the one with you in a yellow zootsuit) in my SI file, and got a big kick everytime I ran across it.

Give me a PM should you visit the east coast in the future. I will give you directions to the place on W46th where you can tear down the floor with the best dancers in the world.
<g>

Ibexx



To: LindyBill who wrote (36057)12/8/2000 4:36:52 AM
From: elmatador  Respond to of 54805
 
Let me see if I got this straight: Venture capitalists and marketing people do their abracadabra in Palo Alto. Investors (the King) harvest the profits, and then Elmatador (the Gorilla) have to break his back here to implement these networks for some guys seat down and enjoy life?

Hey, this has worked only for tennis shoes, sports articles and such where some Asian work to death for basketball players earn USD30 million in endorsement!

No way, Jose! What was made of the so-called Protestant work ethics? Here is a Latin, Catholic, Brazilian who read Max Weber in disbelief!

Go back to work and save money because I need my share of it!



To: LindyBill who wrote (36057)12/13/2000 2:34:53 PM
From: DownSouth  Read Replies (1) | Respond to of 54805
 
LB, just read your "not quite retired" post an commend you for your openness, as always, and your resourcefulness and flexibility.

Welcome back to the world of the working. I, too, have come out of retirement because:
1. I gotta do something, and if I don't work, I may start trading.
2. I am a lousy trader.
3. I want to minimize my use of retirement funds for living expenses. I must, by 401(k) rules, continue to withdraw "substantially equal payments" from my 401(k), but I can minimize that withdrawal in 2001 and keep up my good lifestyle by working for (other people's) money.
4. I got bored at times, and living on SI is not really living.
5. I have always wanted to work for myself. Since I already have my insurance set up as a self-employed person, I may as well go for it now.
6. Opportunities to work for myself have fallen in my lap. Perhaps God is telling me something!

My situation reminds me of the old legend about the "believer" who was caught in a flood. He climbed up on his roof and prayed for God to save him. A boat came along with rescuers, but he refused, protesting that God would find a way to save him. Then as the water rose, he stood on the peak of his roof and another boat came along. He refused to go with the rescuers, claiming that God would save him. The water rose until he was standing on the top of his chimney. A helicopter dropped a ladder for him to climb aboard, but he refused, as he prayed to God for help. Sadly, the water rose above the chimney and he drowned.

When he got to heaven, he asked God, angrily "Why did you let me drown? Why didn't yo save me?" God answered, "Hell, I sent two boats and a helicopter!"



To: LindyBill who wrote (36057)12/19/2000 8:55:06 AM
From: blan  Respond to of 54805
 
Lindy,

Such a compelling story needs a good finish. So how does it end? Once you reach your new goal, how you are going to arrange your retirement funds so that things are more secure (whether you continue to work or not)?

Barry

P.S. I'm far enough away not to have to pull my punches. :)

P.P.S. Apologies in advance if you've already answered this one. I'm about 500 posts behind.