Why I Am Not Upset

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 Why I Am Not Upset

“Humans are a bundle of emotions. Do not let them control you.”

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One of the year end client’s appreciation party we attended recently was arranged by our money managerPeter Karp. We sat together with our old friends sharing stories, and of course the subject of money came up. I mentioned that Peter has been doing a great job for us. In return, one friend shared her story about how she bought an Apple stock (before she started working with Peter) a few years ago for $100 a share. The stock was going up for a while, there was a hiccup and the price started to decline. She needed money and decided to sell at $130/share. But now, she regrets doing that, since the stock has since sky rocketed. When I found out that she held the stock for two years, I pointed out to her that she actually made 30% or 15% per year, which is a great return. Yes, she said but if I held on, I would be a rich woman today.
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This remark brought memories about a four-unit building we owned on Guerrero Street in Noe Valley, which we sold years ago. At that time, business was slow and we were struggling financially. The building’s roof was leaking and we accumulated $80,000 in credit card debts, and the mortgage was 11%. We were very happy to sell and pay off our debts. Today, the same building that we sold for $550,000 is worth about $3 million. Am I upset? Not a bit. In my view, the purpose of life is to have experiences and learn from them. If in the long run, we are financially ahead, it only means that after we die, someone will have a good time with their inheritance, after taxes are paid.

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Actually, the reason that prompted me to write this story was what happened after the party. When we arrived at the Waterfront Restaurant on Embarcadero, there was a long line to the adjacent parking lot. The sign said $14 and I did not have enough cash with me. The rain had stopped, and I saw that across the street there was plenty of parking and I thought that after 7:30pm, it would be free (I temporarily forgot that we live in San Francisco). As we walked back to the car at 9:30pm, I was very happy that we did not have to wait in line again for the attendants to get our car out. I saved $14 bucks and my car was parked facing in the direction that I had to drive home. However, when I approached the car, I noticed that there was broken window glass on the ground and immediately realized that it was actually my car that was vandalized. The broken glass was all over the backseat. There was nothing to steal. My briefcase, which I “hid” in the back of the SUV was opened, but there were only papers. In addition, I also found a $66 parking ticket on the windshield. Literally, the rain stopped and we drove back with an open (broken) window with the sound of the wind in our ears.

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Presumably, most people would be rightfully upset in similar conditions. I was not. I reasoned that I would be able to contribute to the well-being of the glass repairman, plus help my beloved city with my small contribution for the parking ticket. And as far as the thief who broke into my car is concerned, he ended up with nothing. The next morning, I spent a few hours getting my car to the garage, dealing with the insurance and getting a rent-a-car. I also found out that as a result of the storm, our office building had a power failure and we could not be there anyway.

I hope that my story will help you see things in a brighter light, and you will encourage your friends to call me. I promise they are not going to be upset about their mortgage after speaking with me.

P.S.

While in the restaurant which is across from the Bay Bridge, I had an opportunity to check how my new pocket camera, a Canon G-12, can perform. You might like my artistic interpretation of the familiar view of the bay bridge. Enjoy!

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