Thursday, July 19, 2012

Thank God I bought DBA

Yesterday, I switched out of CORN which is a fund that only buys corn futures and got into DBA which is a fund that invests in all agriculture. My positions went up and corn went down. I also bought more, out of the money, calls. I'm in position to make a lot of money if the grains and meat keep going up. I think they will.
I'm reading 2 books, now. One has a title " If Success were a game These are the Rules". The other one is about "Creative Visualization". As usual I'm trying to improve my lot in life. They both have me thinking about what I really want in life. After all, how will I know that I'm a success if I don't have a sensible goal.
In Harvey Eker's book I told myself that success is having 2 million dollars, with an income of $200,000/year. That still seems sensible to me. I do think that a person should be comfortable during their declining years. I may have set my goal a little out of reach. My subconscious may be rebelling. I don't know what I would really need all that much anyway. I just need a nice condominium on the west coast of Costa Rica. I could probably get there with $100,000 and a nice income from my bonds would be adequate as well.
If Delphi starts paying on the bonds I could get $36,000/year on them alone.
That should be enough to get by. Maybe I should set my sights lower?
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