Stock Thread (16 Viewers)

[St. Louis Bob]

We run a VERY concentrated portfolio (which isn't for everybody and is damned hard to market).

"We only invest in things that, if they go south, are likely to result in the deaths/maiming of lots of people."

"Could I interest you in the some shares of St. Louis Bob?"

You SOB.

 

[skycriesmary]

Dipping in here on oil stocks. Also midstream MLP's which are not really tied to oil prices are looking really nice here.

...

Huge long term opportunity.

You were a little early. I started buying MLPs in the last week or so. YTD MLPs were down ~20-40%. I am buying with dividend yields between 10-14%.

Which ones are you running with?

 

[Mario Kart]

UGAZ is poised for a jump.

Lol

From about $11 to $2.60 today. The stock picks are amazing to short always.

Can you actually short a leveraged stock?

Not sure but whatever stock Eminence picks... you buy, buy, buy to short it. $$$$$

 

[Al Czervik]

DDD & SSYS

Feel like making a gut trade and selling but Earnings for both are 11/4 so I think the worse is baked in. Will probably sell right after and take a substantial loss but luckily for me, I have plenty of gains to offset for 2015.

ETA

I plan on buying back after 30 days.

Speaking of holding things that keep going down, you still holding any Uranium stocks?

 

[BeTheMatch]

DDD & SSYS

Feel like making a gut trade and selling but Earnings for both are 11/4 so I think the worse is baked in. Will probably sell right after and take a substantial loss but luckily for me, I have plenty of gains to offset for 2015.

ETA

I plan on buying back after 30 days.

Speaking of holding things that keep going down, you still holding any Uranium stocks?

No, but I do have platinum. So I've got that going for me.

 

[Brony]

I own a little Genworth Financial (NYSE: GNW). If I owned a lot of it, I think I might have a heart attack this month. 2nd time this month it opened with a double digit drop.

 

[St. Louis Bob]

BIDU!!

 

[St. Louis Bob]

DDD & SSYS

Feel like making a gut trade and selling but Earnings for both are 11/4 so I think the worse is baked in. Will probably sell right after and take a substantial loss but luckily for me, I have plenty of gains to offset for 2015.

ETA

I plan on buying back after 30 days.

Speaking of holding things that keep going down, you still holding any Uranium stocks?

I still hold some DNN but mostly out. Considering buying some just because though.

 

[St. Louis Bob]

Bought 5 CMG @ $643.62

 

[chet]

Dipping in here on oil stocks. Also midstream MLP's which are not really tied to oil prices are looking really nice here.

...

Huge long term opportunity.

You were a little early. I started buying MLPs in the last week or so. YTD MLPs were down ~20-40%. I am buying with dividend yields between 10-14%.

Which ones are you running with?

So far I've bought

ETP

TOO

GMLP

USDP

I tried to buy MMLP but it trades by appointment and I could only get 100 shares.

I'd look at AMLP if you don't want to research the universe--it's an MLP ETF.

 

[Todem]

SCTY is being punished today.

Picked up a couple of hundred shares at 29.50.

My one year target is 86 bucks.

 

[siffoin]

The Primary Trend will confirm from Bear to Bull on the close today, and would signal a new phase in the market with with $SP500 likely going well beyond all-time highs in the future.

Two Caveats:

1) The early part of a new trend is when it is most susceptible to reverting back.

2) The $SP500 Daily Charts are Extremely Overbought. They can remain overbought for weeks, and have been in the Extreme Overbought since the 2nd week of October. So don't be surprised to see some kind of sell-off - perhaps down towards $SPY to $202-$205- sometime soon. And then a move up from there. But there's no indication that we're about to sell-off like that either. I'm just saying what "normally" happens in these kinds of situations.

How far should the $SP500 run? That's always tough to project. Again - WAY beyond all-time highs should be expected in short order. So $SPY to $230-$250 seems pretty doable - if all goes well - perhaps we could approach that by the end of the year. After that who knows $SP500 to 3000 in 6 months? Why not.

Honestly - individual stocks are a gamble. There can be big gains, but also massive losses. The safest bet is probably just to load up on the $SPY. That's what I'm in the process of doing. Going to have a very small number of positions in my portfolio. Probably something like 50% $SPY. 20% dedicated to futures. 10% in high risk gambles (home run or strike out but less than 5 positions). 10% in some kind of income/dividend stocks/etfs (less than 5 positions). 10% Cash (I always like to hold some cash on hand).

Being a futures trader I will add that there does seem to be something "juiced" about the market in general. It's hard to explain unless you watch how the markets trade in overnight action in relation to how they trade during market hours. It's like watching Bonds and McGuire in the late 1990's. Was what they were doing really possible...was it just protein powder and a better weight-lifting regimen - or something else? We know better now but in that moment it was pretty dang exciting. So move over 1999. It's time to get parabolic.

 

[Sand]

The Primary Trend will confirm from Bear to Bull on the close today, and would signal a new phase in the market with with $SP500 likely going well beyond all-time highs in the future.

Two Caveats:

1) The early part of a new trend is when it is most susceptible to reverting back.

2) The $SP500 Daily Charts are Extremely Overbought. They can remain overbought for weeks, and have been in the Extreme Overbought since the 2nd week of October. So don't be surprised to see some kind of sell-off - perhaps down towards $SPY to $202-$205- sometime soon. And then a move up from there. But there's no indication that we're about to sell-off like that either. I'm just saying what "normally" happens in these kinds of situations.

How far should the $SP500 run? That's always tough to project. Again - WAY beyond all-time highs should be expected in short order. So $SPY to $230-$250 seems pretty doable - if all goes well - perhaps we could approach that by the end of the year. After that who knows $SP500 to 3000 in 6 months? Why not.

Honestly - individual stocks are a gamble. There can be big gains, but also massive losses. The safest bet is probably just to load up on the $SPY. That's what I'm in the process of doing. Going to have a very small number of positions in my portfolio. Probably something like 50% $SPY. 20% dedicated to futures. 10% in high risk gambles (home run or strike out but less than 5 positions). 10% in some kind of income/dividend stocks/etfs (less than 5 positions). 10% Cash (I always like to hold some cash on hand).

Being a futures trader I will add that there does seem to be something "juiced" about the market in general. It's hard to explain unless you watch how the markets trade in overnight action in relation to how they trade during market hours. It's like watching Bonds and McGuire in the late 1990's. Was what they were doing really possible...was it just protein powder and a better weight-lifting regimen - or something else? We know better now but in that moment it was pretty dang exciting. So move over 1999. It's time to get parabolic.

Just bought some PDI and BIE. PDI as it has a great manager and has been delivering outsized returns for a while. BIE as it has a great discount right now and 6.5% tax free (effective 8% or so return) is not bad in any market.

 

[pecorino]

GoPro anyone? At $25 after the beat down this week, I am in. It's not like they lost money in Q3, they just made a little less than anticipated. Punished 15%, sheesh.

 

[siffoin]

SCTY is being punished today.

Picked up a couple of hundred shares at 29.50.

My one year target is 86 bucks.

With that kind of target - why not just buy something like the $SCTY Jan 2018 $35 Call. Do that for $5.00. At your $85 you will have 10x profit as the call will be worth $50 vs. less than 3x profit long stock. With a calender spread you'd likely get the cost of the $35 call down below $4 too.

Regardless - I would appreciate your thoughts on why the $86 target.

 

[culdeus]

The Primary Trend will confirm from Bear to Bull on the close today, and would signal a new phase in the market with with $SP500 likely going well beyond all-time highs in the future.

Two Caveats:

1) The early part of a new trend is when it is most susceptible to reverting back.

2) The $SP500 Daily Charts are Extremely Overbought. They can remain overbought for weeks, and have been in the Extreme Overbought since the 2nd week of October. So don't be surprised to see some kind of sell-off - perhaps down towards $SPY to $202-$205- sometime soon. And then a move up from there. But there's no indication that we're about to sell-off like that either. I'm just saying what "normally" happens in these kinds of situations.

How far should the $SP500 run? That's always tough to project. Again - WAY beyond all-time highs should be expected in short order. So $SPY to $230-$250 seems pretty doable - if all goes well - perhaps we could approach that by the end of the year. After that who knows $SP500 to 3000 in 6 months? Why not.

Honestly - individual stocks are a gamble. There can be big gains, but also massive losses. The safest bet is probably just to load up on the $SPY. That's what I'm in the process of doing. Going to have a very small number of positions in my portfolio. Probably something like 50% $SPY. 20% dedicated to futures. 10% in high risk gambles (home run or strike out but less than 5 positions). 10% in some kind of income/dividend stocks/etfs (less than 5 positions). 10% Cash (I always like to hold some cash on hand).

Being a futures trader I will add that there does seem to be something "juiced" about the market in general. It's hard to explain unless you watch how the markets trade in overnight action in relation to how they trade during market hours. It's like watching Bonds and McGuire in the late 1990's. Was what they were doing really possible...was it just protein powder and a better weight-lifting regimen - or something else? We know better now but in that moment it was pretty dang exciting. So move over 1999. It's time to get parabolic.

 

[Brony]

Thanks for the summary Siff!

 

[Todem]

SCTY is being punished today.

Picked up a couple of hundred shares at 29.50.

My one year target is 86 bucks.

With that kind of target - why not just buy something like the $SCTY Jan 2018 $35 Call. Do that for $5.00. At your $85 you will have 10x profit as the call will be worth $50 vs. less than 3x profit long stock. With a calender spread you'd likely get the cost of the $35 call down below $4 too.

Regardless - I would appreciate your thoughts on why the $86 target.

Will give it Monday and buying the calls is also a great idea.

Also HCA is looking oversold big time.

 

[St. Louis Bob]

U.S. oil rigs down for 9th straight week.

 

[Demian]

.

 

[Rohn Jambo]

If you own bank stocks, there is a new FED rule for big banks to pass their losses to investors.

http://www.federalreserve.gov/newsevents/press/bcreg/20151030a.htm

 

[Sand]

If you own bank stocks, there is a new FED rule for big banks to pass their losses to investors.

http://www.federalreserve.gov/newsevents/press/bcreg/20151030a.htm

To be honest, even including dividends, big banks over the last couple decades have been downright awful investments, WFC excluded. They tend to return so much to employees there isn't much left for shareholders. I would have to see something super special to invest in this area. This certainly doesn't help.

 

[St. Louis Bob]

Bought 5 CMG @ $643.62

Out at $624.41 for a loss of $96.05.

 

[St. Louis Bob]

Bought 10 shares of AMZN at $625.28 for 20 at $570.47

 

[NREC34]

Man the IBB is on fire today.

I'm up about 6K since I bought RLYP

 

[fantasycurse42]

Call me skeptical, but this rally appears overdone with nothing great from earnings and other economic indicators showing growth coming to a halt.

 

[St. Louis Bob]

BIDU!!

 

[Sand]

Call me skeptical, but this rally appears overdone with nothing great from earnings and other economic indicators showing growth coming to a halt.

Embrace the volatility.

 

[skycriesmary]

Hey Siff,

Would you recommend any particular reading for learning about trends, gaps, patterns, etc? Also interested in commodity trading strategies.

Gracias!

 

[KCitons]

What's the thought on CXW or GEO? With more states looking to do away with the death penalty, and the ever growing criminal population, it would seem private prisons may be a decent investment.

 

[St. Louis Bob]

DDD & SSYS

Feel like making a gut trade and selling but Earnings for both are 11/4 so I think the worse is baked in. Will probably sell right after and take a substantial loss but luckily for me, I have plenty of gains to offset for 2015.

ETA

I plan on buying back after 30 days.

still holding too...i feel your pain

Me too. I bought and sold a lot of SSYS and made some good money. Then I was out for a while when it went over $100. So when it went down to $79, I bought back in. When it dropped all the way down to $35, I figured I better get some more. And now of course it's at $25, so that's pretty sweet.

DDD CEO resigned yesterday, I'm out. That's not a good sign and a loss of $8720.

To quote CNBC " There was nothing good about DDD earnings call. They missed everything." Stock is up 10%.

 

[St. Louis Bob]

Most of you may view as a gamble as opposed to investing, but just bought some ELTP. I posted earlier asking about the chart when it was .21-.22, is now just under .25

Is a pharma co working on abuse resistant/abuse deterrent technology. Have a drug in efficacy stage of phase III, many others in the pipeline as well. OTC stock so definite risk but most of the executive management is from Big Pharma (Actavis, notably). Good thing is they already generate revenues from generics and licensing/milestone payments, so it's not like they just hemorrhage cash. Took a small position of 13,000 shares but hoping to buy more soon.

I like gambling. In for 2000 shares at .249

https://www.clinicaltrials.gov/ct2/show/NCT02391571?term=eli-200&rank=1

Hopefully blue skies ahead!

Soooooo any idea why there's FINALLY some buying? Not complaining, pretty happy about this.

 

[siffoin]

Hey Siff,

Would you recommend any particular reading for learning about trends, gaps, patterns, etc? Also interested in commodity trading strategies.

Gracias!

I honestly don't have anything to recommend. I'm just a simple trend follower. Gaps, patterns all that stuff---it's just never made sense to me. Heck trying to figure out if price is generally going up or is price generally going down is hard enough without throwing in head and shoulder patterns etc. I've spent years trying to figure out trends and most of the time I'm a little bit better than 50% right.

I'm not a commodity trader either. I do trade emini futures. Even that is not as simple as it seems. If you could capture 2 pts each day on the SP500 emini futures - 10 points a week-. How hard could that be to do? One might think really really easy. But the answer is actually really really difficult. I still think it's an endeavour worth exploring.

As I said last week. Any individual stock seems like such a gamble these days- and I think $SPY is good enough for the majority of ones portfolio and minimizes the "gamble" risk individual stocks carry. Combined with a few long shots, a few dividend funds, a little in futures and if you are smart and "strategeric" you will exceed your investing goals. Focus on the trend with just a few stocks and sectors. Have a method for determining when to buy and sell. Stick with that method. Review and revise.

I think people are going to need much more for retirement than they think....MUCH MORE. And I think a retirement portfolio only benchmarked to the SP500 will not be nearly enough. So we need to figure out how and when to take small calculated high risks and succeed more times than not if we really want to get there.

I'm sure there are great books out there for charting and stock pattern analysis. But in the end - like everything else - understanding stock charts takes hundreds - thousands of hours of staring at stock charts. It's tedious and boring work. But will give you a slight edge over a coin flip. Even at coin flip odds you can be successful with smart money management.

 

[fantasycurse42]

JPM up about 10% in less than a month since posting acceptable Q3 earnings and an acceptable outlook.

 

[Sand]

I think people are going to need much more for retirement than they think....MUCH MORE. And I think a retirement portfolio only benchmarked to the SP500 will not be nearly enough. So we need to figure out how and when to take small calculated high risks and succeed more times than not if we really want to get there.

IMO this is a bit of fear mongering. It takes less than most people think to retire, on average.

 

[St. Louis Bob]

DDD & SSYS

Feel like making a gut trade and selling but Earnings for both are 11/4 so I think the worse is baked in. Will probably sell right after and take a substantial loss but luckily for me, I have plenty of gains to offset for 2015.

ETA

I plan on buying back after 30 days.

still holding too...i feel your pain

Me too. I bought and sold a lot of SSYS and made some good money. Then I was out for a while when it went over $100. So when it went down to $79, I bought back in. When it dropped all the way down to $35, I figured I better get some more. And now of course it's at $25, so that's pretty sweet.

DDD CEO resigned yesterday, I'm out. That's not a good sign and a loss of $8720.

To quote CNBC " There was nothing good about DDD earnings call. They missed everything." Stock is up 10%.

"Everyone in the company has been arrested. The company itself has physically relocated to the inside of a dumpster, which is currently on fire."

"Sounds like there's nowhere to go but up. BUY! BUY! BUY!"

They own a lot of patents so I could see how they may be bought some time in the future which is why I said I would be buying back in. I'm guessing this is nothing but short covering.

 

[Sand]

JPM up about 10% in less than a month since posting acceptable Q3 earnings and an acceptable outlook.

A bit back I posted about big banks. JPM is a pretty good example. It tends to be a pretty high beta stock and, on top of that, the average CAGR for this thing over the last 2 decades is 5.25%. For a place that makes as much money as they do that kind of return for shareholders is downright disgraceful. Money center banks just don't tend to be good long term investments.

On a separate completely random stock note I read an article yesterday that was talking about buying UNG as natural gas prices were bottoming. Looked at the chart - over the last 9 years the return on UNG has been a pretty steady -35% per year. Yeah, I'll pass on that.

 

[The Ref]

I look at some of the stocks we were trading back in 2006/2007..... Wow.

Ung down 99%

PRGN down 99%

FEED Bankrupt

PAL down 99.99999999%, delisted in NYSE

 

[fantasycurse42]

I think people are going to need much more for retirement than they think....MUCH MORE. And I think a retirement portfolio only benchmarked to the SP500 will not be nearly enough. So we need to figure out how and when to take small calculated high risks and succeed more times than not if we really want to get there.

IMO this is a bit of fear mongering. It takes less than most people think to retire, on average.

I think this also comes down to lifestyle. I enjoy driving a nice car, living in a nice neighborhood, eating at nice restaurants, going on vacations, and having a healthy amount of disposable income. I don't want to give this up when I retire, in fact almost the opposite, I'll want to indulge more. I think I'll need to outright own my home and have about $6-$8M in the bank to do this in my 60's. I'll need my assets to safely generate 4-5% at 65 to accomplish my goals.

 

[Card Trader]

GDDY

 

[Sand]

I think people are going to need much more for retirement than they think....MUCH MORE. And I think a retirement portfolio only benchmarked to the SP500 will not be nearly enough. So we need to figure out how and when to take small calculated high risks and succeed more times than not if we really want to get there.

IMO this is a bit of fear mongering. It takes less than most people think to retire, on average.

I think this also comes down to lifestyle. I enjoy driving a nice car, living in a nice neighborhood, eating at nice restaurants, going on vacations, and having a healthy amount of disposable income. I don't want to give this up when I retire, in fact almost the opposite, I'll want to indulge more. I think I'll need to outright own my home and have about $6-$8M in the bank to do this in my 60's. I'll need my assets to safely generate 4-5% at 65 to accomplish my goals.

No offense, but this is insane. Say you retired at 60 with 6mil. You live to 90. For a guy that's a pretty conservative assumption. With that much money one would have most of their investments in munis - single munis, muni ETFs or CEFs. That gets you a pretty easy, stable, 5% tax free income. With that you could easily spend 300k per year and have some left at 90.

That isn't indulgence, that's a baller cocaine, 2 chicks every night kind of lifestyle up until the day you croak.

I'm mid forties and if 6 mil fell into my lap I'd phone in my resignation from the Caymans.

 

[siffoin]

I think people are going to need much more for retirement than they think....MUCH MORE. And I think a retirement portfolio only benchmarked to the SP500 will not be nearly enough. So we need to figure out how and when to take small calculated high risks and succeed more times than not if we really want to get there.

IMO this is a bit of fear mongering. It takes less than most people think to retire, on average.

Most of the things I post in here are gentle reminders to myself.

Let me say this. Collectively and individually our future is unknown.

"Most" people don't have ANY savings. Not everyone wants to retire in the same way either. Some of us might face illness or disability before we could ever expect. Random, unexpected and and life changing events happen everyday. On average loss has equal odds as gain. On average - YOUR life will not be.

How one addresses this truth in regards to their retirement is up to them.

 

[Sand]

I think people are going to need much more for retirement than they think....MUCH MORE. And I think a retirement portfolio only benchmarked to the SP500 will not be nearly enough. So we need to figure out how and when to take small calculated high risks and succeed more times than not if we really want to get there.

IMO this is a bit of fear mongering. It takes less than most people think to retire, on average.

Most of the things I post in here are gentle reminders to myself.

Let me say this. Collectively and individually our future is unknown.

"Most" people don't have ANY savings. Not everyone wants to retire in the same way either. Some of us might face illness or disability before we could ever expect. Random, unexpected and and life changing events happen everyday. On average loss has equal odds as gain. On average - YOUR life will not be.

How one addresses this truth in regards to their retirement is up to them.

In that case I recommend getting to 6mil so you can have cocaine parties and 2 chicks every night in your Belize beach house.

 

[siffoin]

I think people are going to need much more for retirement than they think....MUCH MORE. And I think a retirement portfolio only benchmarked to the SP500 will not be nearly enough. So we need to figure out how and when to take small calculated high risks and succeed more times than not if we really want to get there.

IMO this is a bit of fear mongering. It takes less than most people think to retire, on average.

Most of the things I post in here are gentle reminders to myself.

Let me say this. Collectively and individually our future is unknown.

"Most" people don't have ANY savings. Not everyone wants to retire in the same way either. Some of us might face illness or disability before we could ever expect. Random, unexpected and and life changing events happen everyday. On average loss has equal odds as gain. On average - YOUR life will not be.

How one addresses this truth in regards to their retirement is up to them.

In that case I recommend getting to 6mil so you can have cocaine parties and 2 chicks every night in your Belize beach house.

I think I've posted the basics of this. A year ago I was just an "AVERAGE" guy in my late 40's. A couple of months from burring my 97 year old grand mother who passed away in her own house 2 years after my grandfather passed away at 95 in that same house. That's what I figured my life would be. Time on my side.

At the time, I was recovering from a minor surgery, but at that point was up and getting active. No issue whatsoever.

One Saturday evening I suddenly lost most of the vision in my left eye. It was like a curtain closed. One second I could see and the next second it was gone. I thought to myself- I've had a lot stress and am tired and just went to bed. The next day the vision was still gone. 48 hours later I was concerned.

The initial diagnosis was that I had a detached retina, and I would need a surgery to repair that. I thought "well there goes the rest of my golf season." So I went to a retina specialist. He came into the room and said "well the good news is you don't have a detached retina. The bad news is that you've had a stroke and an occluded artery in your eye. The vision loss is permanent. And you need to get to a cardiologist now to figure out what is going on."

That week was a bunch of cardio tests. It was quite stressful. On Thursday afternoon I got a call from the cardiologist who said "I have an emergency appointment set for you in 15 minutes with a vascular surgeon and a neurologist. You need to get to that office RIGHT NOW!"

My wife wasn't home and my kid was in school...so I just went to the hospital. When I got there...you could tell it was serious. I didn't even fill out paperwork. It was "the doctors are waiting for you."

The docs told me that there was a major issue with my carotid artery and that I needed to go to the hospital right now for a CT scan and that they both (vascular and neuro) expected to perform surgery to repair it now. They said "you need to prepare yourself."

The walk from that office to the hospital was about 2 blocks and let me tell you...it was a lonely walk. I didn't know what to expect, and my wife wasn't there...my kid didn't know. I hope no one ever has to take a walk like that...but your life comes to perspective really quick. I was totally alone.

The CT scan found that I had a dissected carotid artery. Literally a 1:1000000 event. At the time they decided against surgery, and thought the dissection would heal on its own. And that's where I've been for a year. However...I just had a MRA a week ago and the artery is still dissected and they're trying to determine whether to put in a stint to repair the artery or not. There are risks both ways.

By and large I'm mostly fine. I can do everything I did before - except mountain bike - it's just too risky. Any falls or any accident probably wouldn't be good for my outlook. But at the same time you have to live life, and I do.

But the point I'm trying to make is that 13 months ago the odds would have favored me to live a long long time. Today not so much.

You never know what cards you are going to be dealt. Losing sight in one eye for sure sucks...But it could have been a lot worse. The stroke could have gone to my brain, killed me or disabled me in a much more significant way than just a loss of on eye. Unfortunately, I'm not financially prepared to care for a disabled self and my family without income for the next 30 years had that happened.

And that's my point. You just never know. Sure you might live to your 90's - living it up - uneventful to the end. But the unexpected might happen too. And it might be better to prepare for more than what you think you might expect you'll ever need.

 

[fantasycurse42]

Good posting per usual Siff. Wishing you and yours the best of health! Hopefully you get to a nice and comfy 95 too.

 

[Sand]

I think people are going to need much more for retirement than they think....MUCH MORE. And I think a retirement portfolio only benchmarked to the SP500 will not be nearly enough. So we need to figure out how and when to take small calculated high risks and succeed more times than not if we really want to get there.

IMO this is a bit of fear mongering. It takes less than most people think to retire, on average.

I think this also comes down to lifestyle. I enjoy driving a nice car, living in a nice neighborhood, eating at nice restaurants, going on vacations, and having a healthy amount of disposable income. I don't want to give this up when I retire, in fact almost the opposite, I'll want to indulge more. I think I'll need to outright own my home and have about $6-$8M in the bank to do this in my 60's. I'll need my assets to safely generate 4-5% at 65 to accomplish my goals.

No offense, but this is insane. Say you retired at 60 with 6mil. You live to 90. For a guy that's a pretty conservative assumption. With that much money one would have most of their investments in munis - single munis, muni ETFs or CEFs. That gets you a pretty easy, stable, 5% tax free income. With that you could easily spend 300k per year and have some left at 90.

That isn't indulgence, that's a baller cocaine, 2 chicks every night kind of lifestyle up until the day you croak.

I'm mid forties and if 6 mil fell into my lap I'd phone in my resignation from the Caymans.

300k in 50 years will be like 30k today.

That's in 2015 dollars - so inflation adjusted.

BTW Siff - never did read about that. I hope it turns out for the best there - that the issue is taken care of and your problem is more about having money last until you're 95.

My family is just the opposite. All of my parents/grandparents/uncles/aunts/etc. die in their 50s and 60s. I figure I have about a 10% chance to get to 65. At this point (unless 6mil drops in my lap) I doubt I'll retire unless medically forced - work until I croak to make sure my wife (whose family tends to live obscenely long lives) has something in her later years.

 

[KCitons]

Hoping everything works out well Siff.

I was going to post something similar. My wife has an eye condition where she is slowly losing her vision. We had a discussion about what retirement would look like for us. 5 years ago,we thought we'd do a little traveling, maybe volunteer some. She doesn't see the point in traveling anymore. If she can't see the Grand Canyon or the Eiffel Tower, she doesn't think it's worth the price.

 

[Bob Sacamano]

QCOM, wait!!

 

[Bob Sacamano]

Best wishes on the health front, siff. Scary stuff. I can't imagine.

 

[IC FBGCav]

Thought and prayers to you siffoin.