Thursday, December 30, 2021 8:08:13 AM
Homes are financial drains. When you pay it off, Fire, don't get a bigger one. Don't keep up with the Joneses. Be Mr. Jones Incognito! It's a much better stress-free life if you ask me, IFF you get that mortgage paid off. Those repairs, maintenance and taxes never end either. So keep it small and tight. My life motto is all about minimalism. The less there is, the less there is to maintain and fix! And pay taxes on! Less windows to clean! And as my sister likes to say, nobody has anymore or less than anyone else. They all have a TV and a couch and a kitchen and a table. There's a lot of truth in that. It's true!
DD, please don't take a loan against your house. Be happy with 200,000 shares. Less is more. The less you have, the less you need! People make more money so that they can spend more. Don't fall into that trap. It's just a rat race. Things can still happen. I don't know what kind of volume is required to move our needle significantly. We don't have a low float. It's hard to know what, if any, blindspots can blindside us. That's stresses me out to even think of taking our a second mortgage. Glad you are asking your wife, but I hope she says no for your own safety. There is risk to everything.
While I am very confident and happy, this company can't hurt me. This is all margin debt and I have sooo much wiggle room. I have stable anchors holding me up no matter what happens with solid, huge companies like Wells Fargo, Total Energy, Kinder Morgan, etc. They are my anchors. If I lose here, I don't have to worry about a loan to pay off or anything. 200,000 shares is plenty! Do it again with the profits on another opportunity down the line. And don't kick yourself if it goes to $3 either and you didn't take the second mortage. Better to be safe than sorry.
They could face setbacks too. Things could take longer. Cogs in the wheel. China authorities raid the place. or US goes to war with China and freezes all business, including stock trading, with China. Who knows what could happen that's outside anyone's control.
And, speaking of stock. I've been buying back into EVCC since 7-20-21. That means every passing month is another month of stock purchases falling into a lower tax bracket for capital gains. That's a significant win in and of itself. So, I'm not even in a hurry here. :) We seem to be in a sweet spot here. But you never know. Play it smart and safe! Don't play with fire. And it's all fire!
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