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Technology Stocks : Azenta

AZTA 45.29

+2.0%

9:30 AM EDT

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To: Johnny Canuck who wrote (1129)	12/5/2021 12:23:03 PM
From: Underexposed	Read Replies (1) of 1138

Hi JC I thought I would toss in my 2 cents on retirement. I am 72 and been retired since I was 54 years old. I was not in a good marriage and retired/divorced in the same year...luckily I knew my wife's financial situation as I did her tax returns and my son had graduated from University and working in a good job. As a result I retained my finances except for the house which was not a great loss as I contributed only 1/3 of the intial cost. I needed freedom from an almost literal ball and chain. I had many occupations in my time the last two significant ones were as an industrial salesman and later a computer programer in a software house(no degree but is was a good amateur). Not having a degree did not hamper me as I was a good bug finder and with a 19 year old wunderkin we QC'd an application with 3/4 million lines of VB6 code. we were a good pairing .... I did the "easy stuff" (challenging for me) leaving the really difficult stuff for him....he was a great resource for me when I was stuck. I was hired in the first place because of my business expertise...They had poor reports at the time....not much more that raw data dumps. Programmers considered formatting good reports as "prettyness issues". My reports were well received by clients so I put a sign over my cubical "Head of Prettiness Issues". I really liked that job but it ended when the company was sold and my division was disbanded. I survived for a few years going on contract working on computer reports. But without a degree I was not getting any permanent jobs in that field. For the previous years I was tinkering with charting stock. For 15 years I studied various charting methods. I practised with $100,000 worth of Monopoly money and an Excel spreadsheet to record my paper transactions and when I divorced my charting abilities evolved to the point to where I was finally consistantly making money. I was doing well until the crisis of 2007-2008 rolled around. I did not know how to handle it and I lost 45% of my investment. It was quite a shock but I survived and as you know aside for one or two years since then the Canadian stock market has not been a glory hole. It has taken me 15 years but I am approaching where I was in 2006. The stock market has been my sole source of income aside for CPP and OAP which barely covers my rent and car insurance. Retirement is fine as long as you plan for it. You need to develop hobbies (note the plural) to occupy your time. Other than the market I have 4 or 5 hobbies that I float between. COVID has slowed me down as after 18 months ago I still suffer from after effects. But I still have hopes of getting better. I had to change my RRSP to a RIF...I was scared of this at first but it is not so bad. The gov't takes 5% at my age out of the RIF and I must pay tax on it... that is reevaluated every January. well I make on average 7-10% on my RIF after taking out 5% out every year for living expenses anyway...so that is no burden....what I do is immediately put the extra money into my TFSA ... I have a $15,000 contribution capacity so aside for living expenses there is no taxes on that deregulation aside for the initial deduction. The RIF works well for me and building up my TFSA is a bonus for the future. So as long as you plan for your retirement financially and invest prudently you should be fine. Prior to COVID I travelled a lot... for 3 years before COVID I spent 5 weeks per year in France...I earlier travelled to Thailand (6 months) and China (1 month)as well as the USA. So I was not as hunkered down as I am now... one day COVID will be handled and life should go back to some sort of normal. Good luck UE

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