Dreamed the dentist was doing covid tests & the lion kingdom tested positive even though it felt like a common cold.  Thought it meant they would defer the exam, but they wanted to perform the drilling anyway.  Then came a scene about trying to get around a traffic jam by driving through a parking garage, but the parking garage had no exit.  Got stuck somewhere inside.  


Strange that a day after Bidie declared the pandemic over, animals were wearing face masks like no tomorrow.  Lions will never know if the 2nd booster shot caused them to feel groggy & fall asleep on the day after.  The 1st booster shot only yielded arm pain.  After the 2nd booster shot, a guy who looked like he had a flu & just fell over was brought in the waiting room to lie down.  





A lion who would turn into a beast if he ever fell in love would be a good beauty & the beast sequel.  












Having finished Top Gun II in 4k, noted the flying scenes were 16:9 while the dialog scenes were letterboxed.  Even the computer animated flying was 16:9.  In an age when any general aviation flying footage is easily obtainable on the gootubes, the flying scenes don't have the impact they would have had 40 years ago.  The internet reminds us that the mission depicted is a typical mission in real life.


The climax continued to be exciting in the 2nd viewing.  Part of the excitement is knowing how many general aviation pilots died while climbing out of canyons.



The F-14 was a lot more advanced looking than the F-18, but too expensive.




The internet reminds us that the bar is based on a real bar.  It would be hard to clean the ceiling.  



Lions have no obligations other than the government.  There's tax, inflation, & health care.  The rest is all peanuts.

Tempting to put everything you have into a 10% dividend fund & give the government a rain check.  Those funds are volatile & the dividend isn't always 10% of the principle you invest.  Sometimes the principle loses 30% & the dividend is 7% of your investment.  A year ago, the chances of losing 30% were good.  Right now, the chances are good that in the long term you won't lose 30%.  You might lose 10%.  Put $1.3 million in a closed end fund & in the worst case, you'd get $100,000/year.  

The investing strategy can be more aggressive the deeper the downturn gets.  When it was down 10%, lions were slowly buying conservative index funds.  Then it became the more aggressive index fund as the downturn approached 20%.  Beyond 20%, lions are putting more in small caps.  The theory continues to be the stonk market is pricing in the terminal rate rather than the current rate & it's now about as far down as it ever gets.  Not long ago, lions pondered what they would do if it ever had a 29 handle again.

Lions still doubt interest rates high enough to provide sustainable income will be a long term trend & lean more towards a 60/40 portfolio where the cash portion is drawn to 0 in the short term while the stonk portion grows enough in the long term to provide income & keep up with inflation.  Interest rates would have to be well above inflation & that's never going to happen by enough for long enough to form a perpetual fund.















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