Enzolytics Inc (ENZC)

[OTCShotCaller]

Amen Doc!

As one MD to another, we BOTH paid our dues in a major way throughout our lives, preparing for a career in medicine that required a substantial investment of at least 1/3 of our adult lives.

So the way I see it we should become Multi-Millionaires without breaking a sweat! The PPS range I quoted applies to us both for that to become a reality very shortly.

And like you, ENZC going to $10 is indeed mind boggling. I'm sure you're holding at least 2 Million Shares, probably much more like me, so yes, a $10M bank account or higher before taxes is the answer to financially counter balancing our lives.

In contrast to this, I have a couple of close friends who are physicians now in their 60s still working the daily grind to make ends meet in order just to keep up the lifestyle they created for themselves, but when they stop working, they will definitely have to begin down scaling (not that that's bad or anything) however more importantly, none of them sound happy, and I doubt very seriously if any of them have $5M-$10M or more stashed away in various investment vehicles.

The reality is when they stop working...no more six figure income thereby requiring them to of course draw upon SS retirement which is definitely not going to be enough to maintain their lifestyle long term.

IRAs do help and anyone can have more than one (1), however annual contributions are limited to $7,000 per/yr if age 50 or older, whether it's one (1) IRA or a combo of multiple IRAs. Either way, the MAX is $7,000/yr.

I'm currently looking into a Roth IRA at a brokerage firm I do business with that allows using funds from an IRA to buy and hold stocks. My understanding is IF the brokerage firm allows this, any and all capital gains are Tax FREE including withdrawals. This deserves looking into:

https://www.fool.com/knowledge-center/can-a-roth-ira-be-used-to-buy-stocks.aspx

Here's something else that may interest you that I came across recently posted on Youtube 11/25/20:

Have a great weekend and don't forget to continue ADDING as often as possible and in particular on any and all PPS dips!

Be well and prosper...