I have retired twice now. I failed on my first try, but I think I am doing better on my second attempt.
In 1997, I retired as President of Insight Recovery Centers, a position I held for 17 years. It was a great job, great people, and I felt like we really made a difference. When I retired, I had no serious plan to work again. I thought I would putz around with computer and technology things (a long-standing interest of mine) and develop a few web pages for some friends. After about six months of working out of my home, Marge (my wife) came up to me and said, “I am tired of tripping over extension chords and not having any table space to serve meals because they are covered with computers. You have to move out of the house and get a real office!” I protested, saying that it was just a hobby. She told me, “It stopped being a hobby when you hired your sixth employee!” Thus began another 10 years of employment that I had not planned.
The company evolved from a web design company to a data center specializing in web hosting. After 2 years of re-working the business to make it easier to sell, I sold the company to another company in Detroit. Marge and I were extremely lucky, and we sold both our house and the business the same month. That is when we moved to Muskegon. And thus began my second attempt at retirement (2007).
This time I have done better. I attribute this to Marge. She told me, “You can start any kind of business you want. But this time, you are not allowed to hire anybody.” That rule, along with the need to manage my investments (especially in light of the stock market crash in 2008), put me into a new kind of business: investing.
Naturally, I began by reading lots of books on the subject. I also set up trading strategies with E*Trade to manage my investments. I studied equities, mutual funds, ETFs, options, and futures. To my delight, I seem to have a knack for trading.
My major goal was to develop computer programs to do the trading for me. I reasoned that as I get older, if I have programs that will automatically make good trades for me, my investment success can be extended far beyond the normal time frame that I might otherwise be able to trade. And, I won’t be chained to the computer all day long. To take advantage of the best automated trading platform, I moved everything over to TradeStation. I developed some excellent programs which give me a variety of tools for trading the markets. My disappointment is the trading programs seem to have a limited shelf-life, after which they fail to perform as well as they had before.
So far, this second retirement attempt is going better than the first. I get to work out of a home office. I can go into work in the morning in my PJs if I want. Nobody cares. I don’t have to make extra profit to cover overhead, employee payrolls, payroll taxes, or any of that stuff. I don’t have a Board of Directors to answer to, agendas and minutes to prepare, meetings to attend. No customers to contact or appease. I don’t have to worry about employees: hiring, firing, compensation, personnel issues, etc.
Life is good. Thank you, Marge!