Quote:
Originally Posted by GregWeld
Call me old fashioned... but I think that's a pretty good life and lifestyle.... and I personally wouldn't be inclined to gamble that lifestyle/life to make a little bit more. I think my Jet and my Yacht and my waterfront house... and all my Ferraris and race cars would be enough to keep me busy and worry free.
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After I stepped away from the market a few years ago, I was talking with a friend who, while not in the 100mm net worth category, certainly has more money than he could ever spend in what's left of his lifetime. I mentioned to him about how well I was sleeping and how the load was off my chest not having to worry about the market.
He told me that the few times he's been completely out of the market over the years, he felt the exact opposite. He felt more comfortable in the game and when on the sidelines he has a restless feeling about missing the next big run up.
Some people are just wired differently I guess, they never tire of chasing the next million, ten million or even 100 million I guess.
Another favorite saying of his is... "it's just a function of zeros" It doesn't matter if it's a thousand, ten thousand or a hundred thousand in play, the game is still the same.
On another note, I guess I owe Putin a thanks...spent some time dollar cost averaging into the market a bit more again today. Didn't get everything I wanted but still added some good company holdings at a discount to the portfolio.