Igy -
Please tell us, if you don’t mind, how you are feeling with retirement just a little over a week away? What’s are you looking forward to the most?
Igy -
Please tell us, if you don’t mind, how you are feeling with retirement just a little over a week away? What’s are you looking forward to the most?
can I post with a different handle wrote:
Igy -
Please tell us, if you don’t mind, how you are feeling with retirement just a little over a week away? What’s are you looking forward to the most?
different handle,
Good question. Several thoughts. I have gradually reduced my workload the last four years 35 hours to 30 hours to 25 hours to 20 hours, and finally to about 10 hours a week last six months. That has been somewhat of a transition to retirement life.
One of my colleagues remarked that “not having to be around before market close will be a relief.” For someone not in the business, being around to facilitate a financial transaction is a professional as well as legal obligation. Of course there are procedures in place to pass the responsibilities on to others, but most of us see that as “duty hours.” Therefore, I look forward to not being tied to the computer during market hours.
It is difficult to divorce oneself from the markets and the fiduciary obligation to clients. We may not have a legal fiduciary duty, but most of us practice the prudent man principal. Saying good bye to clients that you have been with for decades, is not easy. At the same time, passing that responsibility fully to my business partner is a relief; knowing they are in good hands, as well as understanding that this chapter of my life has closed.
On the personal side, my wife and I are traditional, some say old fashion. We have no desire to travel the world. Take some drives in the Northwest, yes. We do most of are own labor around the house, and as we have gotten older it takes a little longer. Like last Wednesday, we had a wind storm the previous day so I set about cleaning up the yard. I typically mow Thursday, but after a couple of hours I told my wife, “I am mowing today, because if I don’t, I will be too sore tomorrow.” Plenty of things to keep up routinely, and now chipping in on a more regular basis inside the house, which in the past was the spouses’ domain. Her choice, with some deference to me now.
Recreationally, focus on masters track as a 70 year old. I still have decent speed, and other than the more typical infirmities of age, fairly intact. I have no desire to race or train for the longer events, even though that is where my talents lie. Instead, I plan to train for the 800m through 5,000m with focus on track events. I still coach a small group of masters and plan to keep up our practice sessions at 5:30 am Monday/Wednesday and 7:00 am Saturday. In the winter I downhill ski with the wife, and now we can take off in the day mid-week to our local hill, or Sun Valley or couple hours away.
My life would be patently boring for most, and in many ways will not change much from the past. I suppose the future rests more with how one challenges oneself. Once we get through Covid I will look into volunteering at the Cancer Center where I was treated. Currently that program has been suspended.
Igy
Ghost of Igloi wrote:
I have gradually reduced my workload the last four years 35 hours to 30 hours to 25 hours to 20 hours, and finally to about 10 hours a week last six months. That has been somewhat of a transition to retirement life.
Igy
Damn! Your clients bailed on you even faster than I thought. Can’t blame them though.
Enjoy your retirement. I’m sure your former clients will.
Ghost of Igloi wrote:
can I post with a different handle wrote:
Igy -
Please tell us, if you don’t mind, how you are feeling with retirement just a little over a week away? What’s are you looking forward to the most?
different handle,
Good question. Several thoughts. I have gradually reduced my workload the last four years 35 hours to 30 hours to 25 hours to 20 hours, and finally to about 10 hours a week last six months. That has been somewhat of a transition to retirement life.
One of my colleagues remarked that “not having to be around before market close will be a relief.” For someone not in the business, being around to facilitate a financial transaction is a professional as well as legal obligation. Of course there are procedures in place to pass the responsibilities on to others, but most of us see that as “duty hours.” Therefore, I look forward to not being tied to the computer during market hours.
It is difficult to divorce oneself from the markets and the fiduciary obligation to clients. We may not have a legal fiduciary duty, but most of us practice the prudent man principal. Saying good bye to clients that you have been with for decades, is not easy. At the same time, passing that responsibility fully to my business partner is a relief; knowing they are in good hands, as well as understanding that this chapter of my life has closed.
On the personal side, my wife and I are traditional, some say old fashion. We have no desire to travel the world. Take some drives in the Northwest, yes. We do most of are own labor around the house, and as we have gotten older it takes a little longer. Like last Wednesday, we had a wind storm the previous day so I set about cleaning up the yard. I typically mow Thursday, but after a couple of hours I told my wife, “I am mowing today, because if I don’t, I will be too sore tomorrow.” Plenty of things to keep up routinely, and now chipping in on a more regular basis inside the house, which in the past was the spouses’ domain. Her choice, with some deference to me now.
Recreationally, focus on masters track as a 70 year old. I still have decent speed, and other than the more typical infirmities of age, fairly intact. I have no desire to race or train for the longer events, even though that is where my talents lie. Instead, I plan to train for the 800m through 5,000m with focus on track events. I still coach a small group of masters and plan to keep up our practice sessions at 5:30 am Monday/Wednesday and 7:00 am Saturday. In the winter I downhill ski with the wife, and now we can take off in the day mid-week to our local hill, or Sun Valley or couple hours away.
My life would be patently boring for most, and in many ways will not change much from the past. I suppose the future rests more with how one challenges oneself. Once we get through Covid I will look into volunteering at the Cancer Center where I was treated. Currently that program has been suspended.
Igy
Wow .... that is pretty awesome of you to get up that early 3 times a week to coach! The older I get, the harder is gets to drag my increasingly tired and creaky body out of bed in the morning.
Good luck with your training. I’m one who is impressed by how good a marathoner you were in your youth.
Congratulations on your retirement and hope leaving the stresses of the job leave you feeling rejuvenated.
And don’t let the meanies on this site get to you. You I think have a deeper knowledge of financial matters than the ones riding the wave and thinking they are brilliant.
VIX up to 31. Highest reading we've seen in 5 years, other than during the 30% bear market 6 months ago.
hard to see much of a stock downside from VIX levels this high. But anything can happen.
bunch of bad news today...NKLA, no stimulus bill, SCOTUS political nightmares, rising dollar.
Love to see bonds rock steady - even up a bit. Even corporate bonds. Shows the system is holding.
agip wrote:
VIX up to 31. Highest reading we've seen in 5 years, other than during the 30% bear market 6 months ago.
hard to see much of a stock downside from VIX levels this high. But anything can happen.
bunch of bad news today...NKLA, no stimulus bill, SCOTUS political nightmares, rising dollar.
Love to see bonds rock steady - even up a bit. Even corporate bonds. Shows the system is holding.
February and December 2018 would like to have a word with you.
la gente esta muy loca wrote:
agip wrote:
VIX up to 31. Highest reading we've seen in 5 years, other than during the 30% bear market 6 months ago.
hard to see much of a stock downside from VIX levels this high. But anything can happen.
bunch of bad news today...NKLA, no stimulus bill, SCOTUS political nightmares, rising dollar.
Love to see bonds rock steady - even up a bit. Even corporate bonds. Shows the system is holding.
February and December 2018 would like to have a word with you.
I'm using a cheapo Yahoo chart...maybe it has only weekly readings.
can I post with a different handle wrote:
Ghost of Igloi wrote:
different handle,
Good question. Several thoughts. I have gradually reduced my workload the last four years 35 hours to 30 hours to 25 hours to 20 hours, and finally to about 10 hours a week last six months. That has been somewhat of a transition to retirement life.
One of my colleagues remarked that “not having to be around before market close will be a relief.” For someone not in the business, being around to facilitate a financial transaction is a professional as well as legal obligation. Of course there are procedures in place to pass the responsibilities on to others, but most of us see that as “duty hours.” Therefore, I look forward to not being tied to the computer during market hours.
It is difficult to divorce oneself from the markets and the fiduciary obligation to clients. We may not have a legal fiduciary duty, but most of us practice the prudent man principal. Saying good bye to clients that you have been with for decades, is not easy. At the same time, passing that responsibility fully to my business partner is a relief; knowing they are in good hands, as well as understanding that this chapter of my life has closed.
On the personal side, my wife and I are traditional, some say old fashion. We have no desire to travel the world. Take some drives in the Northwest, yes. We do most of are own labor around the house, and as we have gotten older it takes a little longer. Like last Wednesday, we had a wind storm the previous day so I set about cleaning up the yard. I typically mow Thursday, but after a couple of hours I told my wife, “I am mowing today, because if I don’t, I will be too sore tomorrow.” Plenty of things to keep up routinely, and now chipping in on a more regular basis inside the house, which in the past was the spouses’ domain. Her choice, with some deference to me now.
Recreationally, focus on masters track as a 70 year old. I still have decent speed, and other than the more typical infirmities of age, fairly intact. I have no desire to race or train for the longer events, even though that is where my talents lie. Instead, I plan to train for the 800m through 5,000m with focus on track events. I still coach a small group of masters and plan to keep up our practice sessions at 5:30 am Monday/Wednesday and 7:00 am Saturday. In the winter I downhill ski with the wife, and now we can take off in the day mid-week to our local hill, or Sun Valley or couple hours away.
My life would be patently boring for most, and in many ways will not change much from the past. I suppose the future rests more with how one challenges oneself. Once we get through Covid I will look into volunteering at the Cancer Center where I was treated. Currently that program has been suspended.
Igy
Wow .... that is pretty awesome of you to get up that early 3 times a week to coach! The older I get, the harder is gets to drag my increasingly tired and creaky body out of bed in the morning.
Good luck with your training. I’m one who is impressed by how good a marathoner you were in your youth.
Congratulations on your retirement and hope leaving the stresses of the job leave you feeling rejuvenated.
And don’t let the meanies on this site get to you. You I think have a deeper knowledge of financial matters than the ones riding the wave and thinking they are brilliant.
Thanks. I appreciate the kind words. I logged a pretty good session this morning for an old feller.
Ghost of Igloi wrote:
Plenty of things to keep up routinely, and now chipping in on a more regular basis inside the house, which in the past was the spouses’ domain.
Igy
How many spouses do you have?
He, he...spouse domain....
Vanguard Total stock market index today: -1.2%
Vanguard Tech Fund VGT: +0.89%
We do love our tech stocks.
Ghost of Igloi wrote:
He, he...spouse domain....
He?
wondering wrote:
Ghost of Igloi wrote:
Plenty of things to keep up routinely, and now chipping in on a more regular basis inside the house, which in the past was the spouses’ domain.
Igy
How many spouses do you have?
I am wondering if you can not recognize a typo when you see one.
David Wowie wrote:
wondering wrote:
How many spouses do you have?
I am wondering if you can not recognize a typo when you see one.
I am wondering if you cannot recognize humor when you see it. Igy obviously did.
George Corwin wrote:
David Wowie wrote:
I am wondering if you can not recognize a typo when you see one.
I am wondering if you cannot recognize humor when you see it. Igy obviously did.
This ?
George Corwin wrote:
David Wowie wrote:
I am wondering if you can not recognize a typo when you see one.
I am wondering if you cannot recognize humor when you see it. Igy obviously did.
I am wondering if you cannot admit your dishonesty got exposed.
agip wrote:
Vanguard Total stock market index today: -1.2%
Vanguard Tech Fund VGT: +0.89%
We do love our tech stocks.
Lol all 4 things I bought into were up today, even PYPL.
I am underwater on 3 of them still, while in the money on TSLA. AAPL, MSFT, PYPL, I believe they will pan out.
Got crushed on my miners today. This has been a rocky session for me, usually I see positivity sooner. Hopefully today’s closing ramp bodes well for tomorrow and I can pare the losses I have on the 3 techs. Will stick with all the miners, I am breaking even on them.
Just holding steady...
Hey Igy I swam 2000 yards today, the first 1500m in: 35 minutes!! Lolol I understand that’s slow for an 8-year-old. I should probably stick to running. The good thing is that as I am trying to avoid drowning, I am not thinking about the markets! Maybe you should try it as you ease into retirement, if you find you have difficulty shifting gears.
Maybe more relevant to you, I don’t know, is what Allison Schmitt said: “in the water, no-one can see you cry”.?
Maserati wrote:
agip wrote:
Vanguard Total stock market index today: -1.2%
Vanguard Tech Fund VGT: +0.89%
We do love our tech stocks.
Lol all 4 things I bought into were up today, even PYPL.
I am underwater on 3 of them still, while in the money on TSLA. AAPL, MSFT, PYPL, I believe they will pan out.
Got crushed on my miners today. This has been a rocky session for me, usually I see positivity sooner. Hopefully today’s closing ramp bodes well for tomorrow and I can pare the losses I have on the 3 techs. Will stick with all the miners, I am breaking even on them.
Just holding steady...
Hey Igy I swam 2000 yards today, the first 1500m in: 35 minutes!! Lolol I understand that’s slow for an 8-year-old. I should probably stick to running. The good thing is that as I am trying to avoid drowning, I am not thinking about the markets! Maybe you should try it as you ease into retirement, if you find you have difficulty shifting gears.
Maybe more relevant to you, I don’t know, is what Allison Schmitt said: “in the water, no-one can see you cry”.?
Maserati
I am running quality three days a week, with swimming and walking the off days. Similar to the FIRST “Run Less, Run Faster” program. When I swim I use fins, alternating 200 yards kick board, 300 yards freestyle. I typically do that Tuesdays and Thursdays for 1,000-2,000 yards. You are faster than I am. Do you flip turn? I find swimming more taxing cardio-wise than spin biking.
Igy
David Wowie wrote:
George Corwin wrote:
I am wondering if you cannot recognize humor when you see it. Igy obviously did.
I am wondering if you cannot admit your dishonesty got exposed.
I am wondering if you are brain dead.
No flip turns, just easing it. Am swimming with my swimmer wife, clean—no fins, no paddles, nonpull-buoys, no kick board, no kick or pull sets—just clean free, with some fly and back warmup and warmdown.
Taxing is all about breathing—really easy when you get it right, really bad if it goes south! Faster is actually easier for me because otherwise my legs drop.
I should maybe try flip-turns next time, I used to be pretty decent at them.
Can’t wait for markets to open tomorrow.