Sorry for the delay. I've just been busy.
Seems like most investors on this board went for the ELGL investment over the BFNH investment, or at least more heavily slanted in the ELGL direction. Based on the websites, as well as where the 'big guys' are (as you correctly put it), that seems logical. But there have been posters on these strands (who I believe have knowledge) that claim the real value is in BFNH, as the vehicle that will make this whole thing happen. And while I am invested in ELGL, as I mentioned, I'm more heavily weighted towards BFNH.
I'm not necessarily implying my strategy makes sense, or is fair, but it's what I've come to believe. I guess we'll see.
I definitely agree with your strategy of having safe long term investments, and taking a few long shots in life. My wife and I max out our 401K and Simple IRA retirement portfolios every year in safe mutual fund diversity. I've also saved a ton of money in my daughter's 529 college fund, which has grown exponentially throughout the years. Investors who only take long shots, and don't plan for the rainy day are playing a dangerous game.
But I definitely have a 'go for it' side to my personality as well, and I'm taking a few shots here, with BFNH/ELGL being one of them.
Like you, if my long shots all go to zero, I don't go under. Life will go on. And someday, I'll eventually retire. It would hurt for sure, but it would be survivable.
And I still haven't given up on another long shot, that some of us posters share, PRED. There's just too much value in terms of intellectual property alone. I'll be very curious to see how that eventually plays out. But my guess is that we'll have to wait for this BFNH/ELGL merger to come to fruition first, before that fiasco will be tackled.
