5.103 finances, meeting, event

Wednesday 03/13/2024

Couldn’t go for a walk because I had to leave at 9:30 for my annual meeting with the Financial Advisors. Bottom line, the Nest Egg is secure. One exercise they do is to predict how much I will have through age 100. The base projection just assumes a linear growth of 6.5%. (In fact under the present management it has been growing at 9% for the last 4 years.) Then they run a “monte carlo simulation” package that tries 1000 different random assumptions, some optimistic, some pessimistic. Worst case, I still end up with money in the bank at age 100. The Nest Egg is unstoppable. As long as I don’t develop a sudden taste for cocaine and Ferraris, I cannot avoid dying well-off.

In the afternoon we had our monthly 6th floor meeting when all my nice neighbors gather. This time CEO Rhonda and Dining Services manager Gloria attended. Gloria answered questions about the new rules for food service. The questions were not really critical. Things are basically OK there. Then we all went to dinner.

At 6:30 I split to set up the auditorium for an event. Sandy came along as an AV trainee. It worked out pretty well. At least I didn’t alienate her completely.

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