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faithabides

08/24/19 12:57 AM

#168353 RE: want2retire #168350

I don’t think so either. But, when millions of dollars are at stake, I don’t think any of us will mess around ... situations and circumstances not known it hard to say but DD will either tell us stay or get out at those levels. And, I don’t mind making a mistake selling up there as much as holding too long hoping for more. If there was a level of uncertainty, it would probably be a hedge. ... also on the uplist if we get options then that will change calculation also as call writing and buying puts would be at play to protect.
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faithabides

08/24/19 3:21 AM

#168355 RE: want2retire #168350

We don’t need to get my rich twice. Cramer talks about the really wealthy but I think anything over $2 million has to be guarded and protected as the 2nd article indicates. For somewhere like NYC or London or SF Bay Area it would be higher obviously. ... at any rate, there is a point you become risk averse because you made it.

https://realmoney.thestreet.com/articles/04/21/2017/cramer-you-only-need-get-rich-once

“It's the smartest path of all, because you only need to get rich once, and they already are.”

https://www.cnbc.com/2019/07/18/how-much-money-you-need-to-be-rich.html

It may vary by where you live and the lifestyle you want and age ... but I think multi-millionaire is where people want to be and don’t want to give that up when you are already there. That’s my opinion on it. Don’t need to get rich twice.
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Dibuzu

08/24/19 8:45 AM

#168367 RE: want2retire #168350

To an extent I agree. But Betamax was a better product; hell apple is a better product; both trailed in marketing and sales. Now ones history the other has a small foothold in the market place.
Better is not a most market leader” Windows, microsoft”