Re: EDIG in 12 years
in response to
by
posted on
Mar 20, 2015 01:33PM
I will still come back with my take on the current state of affairs, push back when the negative comments show up, but for me, being realistic, with age as a factor, a person needs a plan.
In comparing it to when to start drawing SSI benefits, I chose 62 after doing the math, looked at the graph where the lines cross, took a WAG at expected life span, general health along the way, crunched thru it and grabbed the brass ring 3 years early, retired at 59.5 taking the checks 5.5 years sooner along with 401K distributions.
Unlike the expectations of many, who feel 2 years is too long for a Nunchi license, now m-S is getting the same thoughts going, mine is 5 or so years, thus my "deadline" of Dec, 2018 at age 70.
We have lost people from this board in the 60's, 70's & 80's...age wise that is. There are some here now late 70's and into their 80's.
It's not about doubt, it's about the waning years as you put it.
Bottom line, the above decisions, which turned out to be the right ones, goes for this investment too, as being the one to say, "I've owned EDIG longer than you" is not at all appealing to me.
One's share count and pps plays a big part in this too. It's a formula of many pieces, this being an important part.
If a person is in his/her 70's, has millions of shares, it's at 25 cents....see ya. If a person has millions in his/her 50's, wait it out.
By the end of 2018 if EDIG is not successful, I need not wait any longer.
Having said all that, with the engr personality in me crunching numbers, contemplating all the pros, cons and odds, something with Nunchi, m-S or new IP had better changed the landscape at EDIG, or it's time for me to move on.