Musings by Jerry
April 04, 2000
You know I can’t go through a day without writing something on my page. Sigh. Don’t really have much to say. Just kidding I always have a long winded update available. Firstly, last night, Dennis wasted me in quake3. No denying it. I have no clue what went wrong. Well actually I do. I can waste him when we’re in close quarter railing. But when we’re sniping long distances, he out frags me by a lot. So he may have noticed me trying to run towards him a lot yesterday. Bastard. Ah well, he won fair and square… FOR A CHEATER. So for the time being, he is Master of the Universe and even I have to pay some respect as he struts around.
++ I was wrong with my prediction about the markets yesterday. MS dropped a little bit more and I think it’s at $88 now. The NASDAQ overall dropped some more and now stands at 4100. Dow took a hit but the Dow has been taking big hits quite often lately. My prediction still stands that the NASDAQ will reclaim ground. I think by Friday, it’ll go back up to 4300~4400. The Dow rests around its comfortable spot right now so I don’t see it making any big adjustments in the little while.
++ Andrew has got a new job doing some edp work or something (you’re really unclear about what you do). Good luck learning pagemaker by friday. Haha. Well congratulations though. And now we owe each other dinners.
++ A correction to yesterday’s update: the company is not Dennis Corp., they’re called Jumping Men Software. Dennis Corp. sounds better. Hmm what else. Ah Dennis asked about my plans for investments or something. I never really gave it any thought but I have what seems to be a pretty solid plan. Firstly, I’m starting off small with a small mutual fund portfolio – when I get steady income. Mutual funds are riskier than bonds or tbills but their returns are generally higher and steadier. On average, mutual funds gross about 10~15% growth. That’s going to be an ongoing investment. RRSPs are good but boring.
Anyway, when I grad and hopefully find a good job, then I’ll expand my portfolio. I’m guessing around 60~70% of my funds will be in stocks but it’s always good to keep some gold on hand. Gold typically reacts inversely with stock markets so I’ll hold some. The rest of the portfolio will be made of mutual funds, and t-bills. Then, later on, I hope hold some property but that’s going to be much later on.
Assuming I put in 10% of my income (say I make a shitty 30k a year forever), and assuming that it it increases by about 10% a year, and say I start at 25, then by 50, I’ll have roughly 300k. These are really rough numbers and I sincerely hope I make WAY more than 30k a year.
I think I’m done now. Huzzah fellow visitors.
