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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Terror who wrote (3366)	12/12/1998 8:04:00 PM
From: Gary Metzer	Read Replies (1) \| Respond to of 17183

Marcie, OT I live North of Houston. While I'm not disputing that some people might need $7MM to retire and live the lifestyle they wish, the main point I was trying to make was that many people "waste" their life away trying to accumulate the wealth they feel they need to achieve retirement. Instead, they can tone down their wish list a bit, and retire at an age that fits much better with their families' priorities. One thing that I failed to mention previously is that I "retired" from my full-time job in the rat-race only. I am still plenty active trying to maximize my portfolio's return. I also figured that I could improve my net worth best, by spending the hours that I had previously been spending in my job as an engineer (with lots of foreign travel away from home) on my investments. So far this has proven true as my net worth is at its peak now and I haven't been an endentured servant since April 30. Just hope it keeps up. I still don't understand the lifestyle. A $7MM investment invested at ONLY 5% gives you $350,000 in income WITHOUT even touching principal. That income only incurs Fed and maybe state income tax (no FICA, etc.) which a job is encumbered by. Now, maybe I come from the wrong side of the tracks, but I would have an awfully hard time spending $350,000 per year without donating the majority to charity. How many Ferraris does one need? Gary