From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3329 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Friday, May 23 2003 Volume 02 : Number 3329 In this issue: Re: [CANSLIM] Reasonable Goal? Re: [CANSLIM] Reasonable Goal? Re: [CANSLIM] Reasonable Goal? RE: [CANSLIM] Reasonable Goal? RE: [CANSLIM] Reasonable Goal? Re: [CANSLIM] Reasonable Goal? Re: [CANSLIM] Reasonable Goal? Re: [CANSLIM] Reasonable Goal? Re: [CANSLIM] Reasonable Goal? ---------------------------------------------------------------------- Date: Fri, 23 May 2003 16:38:13 EDT From: KLall1112@aol.com Subject: Re: [CANSLIM] Reasonable Goal? - --part1_1a3.152b7e99.2bffe0b5_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Chris: I will be interested in your spreadsheet. Kris klall1112@aol.com - --part1_1a3.152b7e99.2bffe0b5_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Chris:

I will be interested in your spreadsheet.


Kris

klall1112@aol.com - --part1_1a3.152b7e99.2bffe0b5_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 23 May 2003 16:48:18 -0400 From: "Jonathan Lobatto" Subject: Re: [CANSLIM] Reasonable Goal? Tomas, This would be an over 40% annualized return. To be blunt, it's unrealistic and that's assuming that you're paying no taxes at all on this money while it's compounding. This kind of return would make Buffet look like a 3rd rate investor in comparison! If you can grow it to 2M by the time you're 55, consider yourself fortunate! - ---------------------------------------------------- This mailbox protected from junk email by Matador from MailFrontier, Inc. http://info.mailfrontier.com - ----- Original Message ----- From: "Tomas" To: "canslim canslim" Sent: Friday, May 23, 2003 3:57 PM Subject: [CANSLIM] Reasonable Goal? > This question is for the senior CS'ers. If an > investor is 29 years old right now, and his goal is to > make $2M by 40 to retire, is this a reasonable goal? > The assumption is that he will start with $10K and add > between $5-$10K capital every year. > > I understand that there are many factors like > - how discipline you are > - how diligence you are > - how persistent you are > - how you learn from your mistake and > do post analysis of your trades > - and even how lucky you are. > > But assumption that the investor is decently good on > those factors. What is your opinion? > > Thanks, > tomas > > > __________________________________ > Do you Yahoo!? > The New Yahoo! Search - Faster. Easier. Bingo. > http://search.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 23 May 2003 13:59:25 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] Reasonable Goal? Chris, I also did the calculation. I guess the question is if 40% -50% return reasonable possible with CS when average out 10 years. - --- Chris Jones wrote: > Tomas - > I'm certainly not a senior CS'er, but I've been > looking into the same > question recently. By the simple rules of compound > interest, here's how it > breaks down: > With a principal of $10000, you need to invest > $10000 every year, and get an > average return of 40% per year to earn $2 million by > the time you're 40. > > I guess it all just depends on how good you are. I > have a spreadsheet that > I found/tweaked where you can enter your own > Principal, Interest Rate, and > Yearly Contribution to figure this stuff out. Lemme > know if anyone wants > it. > > Chris > > ----- Original Message ----- > From: "Tomas" > To: "canslim canslim" > Sent: Friday, May 23, 2003 12:57 PM > Subject: [CANSLIM] Reasonable Goal? > > > > This question is for the senior CS'ers. If an > > investor is 29 years old right now, and his goal > is to > > make $2M by 40 to retire, is this a reasonable > goal? > > The assumption is that he will start with $10K and > add > > between $5-$10K capital every year. > > > > I understand that there are many factors like > > - how discipline you are > > - how diligence you are > > - how persistent you are > > - how you learn from your mistake and > > do post analysis of your trades > > - and even how lucky you are. > > > > But assumption that the investor is decently good > on > > those factors. What is your opinion? > > > > Thanks, > > tomas > > > > > > __________________________________ > > Do you Yahoo!? > > The New Yahoo! Search - Faster. Easier. Bingo. > > http://search.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 23 May 2003 15:19:38 -0600 From: "David Taggart" Subject: RE: [CANSLIM] Reasonable Goal? There is no investment/trading plan that gets that high a return that you can plan on. If you want to be optimistic go ahead and plug 20-25% into your model to see how long it will take. If you want to be realistic go ahead and plug in something in the range of 10-15%. Of course to be conservative just do 10%. And remember the models assume that you already know what you are doing and have achieved those results for at least a few years already. If the best you have ever done is 12% then you cant plug in 40% for your projected ROR. If on the other hand you are already an excellent trader and have achieved 25%+ the past few years then you can put in a higher number. David Taggart - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tomas Sent: Friday, May 23, 2003 2:59 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Reasonable Goal? Chris, I also did the calculation. I guess the question is if 40% -50% return reasonable possible with CS when average out 10 years. - --- Chris Jones wrote: > Tomas - > I'm certainly not a senior CS'er, but I've been > looking into the same > question recently. By the simple rules of compound > interest, here's how it > breaks down: > With a principal of $10000, you need to invest > $10000 every year, and get an > average return of 40% per year to earn $2 million by > the time you're 40. > > I guess it all just depends on how good you are. I > have a spreadsheet that > I found/tweaked where you can enter your own > Principal, Interest Rate, and > Yearly Contribution to figure this stuff out. Lemme > know if anyone wants > it. > > Chris > > ----- Original Message ----- > From: "Tomas" > To: "canslim canslim" > Sent: Friday, May 23, 2003 12:57 PM > Subject: [CANSLIM] Reasonable Goal? > > > > This question is for the senior CS'ers. If an > > investor is 29 years old right now, and his goal > is to > > make $2M by 40 to retire, is this a reasonable > goal? > > The assumption is that he will start with $10K and > add > > between $5-$10K capital every year. > > > > I understand that there are many factors like > > - how discipline you are > > - how diligence you are > > - how persistent you are > > - how you learn from your mistake and > > do post analysis of your trades > > - and even how lucky you are. > > > > But assumption that the investor is decently good > on > > those factors. What is your opinion? > > > > Thanks, > > tomas > > > > > > __________________________________ > > Do you Yahoo!? > > The New Yahoo! Search - Faster. Easier. Bingo. > > http://search.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 23 May 2003 15:17:20 -0700 (PDT) From: Tomas Subject: RE: [CANSLIM] Reasonable Goal? I would like to hear more inputs from other CS'ers, but I just want to make a quick comment on David's reply. Let's assume that he/she is a good CS'er (which I am not). Also, let's try to not include too much factors into the equation (tax, etc...). I want to simplify things so that I can get an straight answer versus it depends on this, it depends on that, you have to consider this, you have to consider that. To sum up David's input, using CS, you will be optimistic if you can get 20-25% return. Other members inputs will be much appreciated. Thanks, tomas - --- David Taggart wrote: > There is no investment/trading plan that gets that > high a return that you > can plan on. If you want to be optimistic go ahead > and plug 20-25% into > your model to see how long it will take. If you > want to be realistic go > ahead and plug in something in the range of 10-15%. > Of course to be > conservative just do 10%. And remember the models > assume that you already > know what you are doing and have achieved those > results for at least a few > years already. If the best you have ever done is > 12% then you cant plug in > 40% for your projected ROR. If on the other hand > you are already an > excellent trader and have achieved 25%+ the past few > years then you can put > in a higher number. > > David Taggart > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Tomas > Sent: Friday, May 23, 2003 2:59 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Reasonable Goal? > > > Chris, > > I also did the calculation. I guess the question is > if 40% -50% return reasonable possible with CS when > average out 10 years. > > > --- Chris Jones wrote: > > Tomas - > > I'm certainly not a senior CS'er, but I've been > > looking into the same > > question recently. By the simple rules of > compound > > interest, here's how it > > breaks down: > > With a principal of $10000, you need to invest > > $10000 every year, and get an > > average return of 40% per year to earn $2 million > by > > the time you're 40. > > > > I guess it all just depends on how good you are. > I > > have a spreadsheet that > > I found/tweaked where you can enter your own > > Principal, Interest Rate, and > > Yearly Contribution to figure this stuff out. > Lemme > > know if anyone wants > > it. > > > > Chris > > > > ----- Original Message ----- > > From: "Tomas" > > To: "canslim canslim" > > Sent: Friday, May 23, 2003 12:57 PM > > Subject: [CANSLIM] Reasonable Goal? > > > > > > > This question is for the senior CS'ers. If an > > > investor is 29 years old right now, and his goal > > is to > > > make $2M by 40 to retire, is this a reasonable > > goal? > > > The assumption is that he will start with $10K > and > > add > > > between $5-$10K capital every year. > > > > > > I understand that there are many factors like > > > - how discipline you are > > > - how diligence you are > > > - how persistent you are > > > - how you learn from your mistake and > > > do post analysis of your trades > > > - and even how lucky you are. > > > > > > But assumption that the investor is decently > good > > on > > > those factors. What is your opinion? > > > > > > Thanks, > > > tomas > > > > > > > > > __________________________________ > > > Do you Yahoo!? > > > The New Yahoo! Search - Faster. Easier. Bingo. > > > http://search.yahoo.com > > > > > > - > > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in > your > > email. > > > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > __________________________________ > Do you Yahoo!? > The New Yahoo! Search - Faster. Easier. Bingo. > http://search.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 23 May 2003 15:31:38 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] Reasonable Goal? > Tomas, > > This would be an over 40% annualized return. To be > blunt, it's unrealistic > and that's assuming that you're paying no taxes at > all on this money while > it's compounding. This kind of return would make > Buffet look like a 3rd rate > investor in comparison! Jonathan, I am not an expert of Warren Buffet's investment career (have not read the book yet), but I have hear that he is one of the best INVESTOR. His company's market cap currently is over $100B. If you are saying that Buffet should consider himself lucky if he makes 40% return per year, why is he considered to be one of the best investors? How did he make all that money? You have to make more than 40% return to become a billion(assuming you do not have a billion to invest in the first place) Maybe he is a GREAT businessman but not a good investor? Just trying to understand. Consider these questions as newbie questions. tomas > from MailFrontier, Inc. http://info.mailfrontier.com > > ----- Original Message ----- > From: "Tomas" > To: "canslim canslim" > Sent: Friday, May 23, 2003 3:57 PM > Subject: [CANSLIM] Reasonable Goal? > > > > This question is for the senior CS'ers. If an > > investor is 29 years old right now, and his goal > is to > > make $2M by 40 to retire, is this a reasonable > goal? > > The assumption is that he will start with $10K and > add > > between $5-$10K capital every year. > > > > I understand that there are many factors like > > - how discipline you are > > - how diligence you are > > - how persistent you are > > - how you learn from your mistake and > > do post analysis of your trades > > - and even how lucky you are. > > > > But assumption that the investor is decently good > on > > those factors. What is your opinion? > > > > Thanks, > > tomas > > > > > > __________________________________ > > Do you Yahoo!? > > The New Yahoo! Search - Faster. Easier. Bingo. > > http://search.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 23 May 2003 18:47:51 -0400 From: "Chuck Dreier" Subject: Re: [CANSLIM] Reasonable Goal? This is a multi-part message in MIME format. - ------=_NextPart_000_000E_01C3215B.D0212700 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tomas, Remember that W.B. was working with OPM (other people's money). Besides = being a very smart trader in what may have been a very different = investing environment, he began with a much larger base. Let's say you = had 100 people coming to the table with $10,000 each - the beginning = pool would be $1 million. Chuck ----- Original Message -----=20 From: Tomas=20 To: canslim@lists.xmission.com=20 Sent: Friday, May 23, 2003 6:31 PM Subject: Re: [CANSLIM] Reasonable Goal? > Tomas, >=20 > This would be an over 40% annualized return. To be > blunt, it's unrealistic > and that's assuming that you're paying no taxes at > all on this money while > it's compounding. This kind of return would make > Buffet look like a 3rd rate > investor in comparison! Jonathan, I am not an expert of Warren Buffet's investment career (have not read the book yet), but I have hear that he is one of the best INVESTOR. His company's market cap currently is over $100B. If you are saying that Buffet should consider himself lucky if he makes 40% return per year, why is he considered to be one of the best investors? How did he make all that money?=20 You have to make more than 40% return to become a billion(assuming you do not have a billion to invest in the first place) Maybe he is a GREAT businessman but not a good investor? Just trying to understand. Consider these questions as newbie questions. tomas > from MailFrontier, Inc. http://info.mailfrontier.com >=20 > ----- Original Message ----- > From: "Tomas" > To: "canslim canslim" > Sent: Friday, May 23, 2003 3:57 PM > Subject: [CANSLIM] Reasonable Goal? >=20 >=20 > > This question is for the senior CS'ers. If an > > investor is 29 years old right now, and his goal > is to > > make $2M by 40 to retire, is this a reasonable > goal? > > The assumption is that he will start with $10K and > add > > between $5-$10K capital every year. > > > > I understand that there are many factors like > > - how discipline you are > > - how diligence you are > > - how persistent you are > > - how you learn from your mistake and > > do post analysis of your trades > > - and even how lucky you are. > > > > But assumption that the investor is decently good > on > > those factors. What is your opinion? > > > > Thanks, > > tomas > > > > > > __________________________________ > > Do you Yahoo!? > > The New Yahoo! Search - Faster. Easier. Bingo. > > http://search.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. >=20 >=20 > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_000E_01C3215B.D0212700 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tomas,
 
Remember that W.B. was working with OPM = (other=20 people's money).  Besides being a very smart trader in what may = have been a=20 very different investing environment, he began with a much = larger=20 base.  Let's say you had 100 people coming to the table with = $10,000=20 each - the beginning pool would be $1 million.
 
Chuck
----- Original Message -----
From:=20 Tomas
Sent: Friday, May 23, 2003 6:31 = PM
Subject: Re: [CANSLIM] = Reasonable=20 Goal?



> Tomas,
>
> This would be an = over 40%=20 annualized return. To be
> blunt, it's unrealistic
> and = that's=20 assuming that you're paying no taxes at
> all on this money=20 while
> it's compounding. This kind of return would make
> = Buffet=20 look like a 3rd rate
> investor in=20 comparison!


Jonathan,

I am not an expert of Warren = Buffet's=20 investment
career (have not read the book yet), but I have = hear
that he=20 is one of the best INVESTOR.  His company's
market cap = currently is=20 over $100B.  If you are saying
that Buffet should consider = himself=20 lucky if he makes
40% return per year, why is he considered to be = one=20 of
the best investors?  How did he make all that money? =
You have=20 to make more than 40% return to become a
billion(assuming you do = not have a=20 billion to invest
in the first place) Maybe he is a GREAT=20 businessman
but not a good investor?

Just trying to=20 understand.  Consider these questions
as newbie=20 questions.

tomas





> from MailFrontier, = Inc. http://info.mailfrontier.com>=20
> ----- Original Message -----
> From: "Tomas" <tomas986@yahoo.com>
> = To:=20 "canslim canslim" <canslim@lists.xmission.com= >
>=20 Sent: Friday, May 23, 2003 3:57 PM
> Subject: [CANSLIM] = Reasonable=20 Goal?
>
>
> > This question is for the senior=20 CS'ers.  If an
> > investor is 29 years old right now, = and his=20 goal
> is to
> > make $2M by 40 to retire, is this a=20 reasonable
> goal?
> > The assumption is that he will = start=20 with $10K and
> add
> > between $5-$10K capital every=20 year.
> >
> > I understand that there are many = factors=20 like
> > - how discipline you are
> > - how = diligence you=20 are
> > - how persistent you are
> > - how you learn = from=20 your mistake and
> >   do post analysis of your=20 trades
> > - and even how lucky you are.
> >
> = >=20 But assumption that the investor is decently good
> on
> = >=20 those factors.  What is your opinion?
> >
> >=20 Thanks,
> > tomas
> >
> >
> >=20 __________________________________
> > Do you Yahoo!?
> = >=20 The New Yahoo! Search - Faster. Easier. Bingo.
> > http://search.yahoo.com
>=20 >
> > -
> > -To subscribe/unsubscribe, = email
> "majordomo@xmission.com"
>= ; >=20 -In the email body, write "subscribe canslim" or
> > = - -"unsubscribe=20 canslim".  Do not use quotes in your
> email.
> =
>=20
> -
> -To subscribe/unsubscribe, email
> "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in=20 your
email.


__________________________________
Do you = Yahoo!?
The New Yahoo! Search - Faster. Easier. Bingo.
http://search.yahoo.com

-
= - -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_000E_01C3215B.D0212700-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 23 May 2003 18:00:16 -0600 From: "Rolf Hertenstein" Subject: Re: [CANSLIM] Reasonable Goal? I think it does depend very much on this and that. Taxes are somewhat easy to add to the calculation. Unknowns like future inflation (how much will the nest egg really buy in the future?) or the general market (xx% might be easy in a bull market like the 1990s but what if the market's fairly flat for a decade?) muddle projections. If you need a 40% return for the next 11 years, try to do the best you can and re-evalute in a couple of years. Not sure more can be done. Rolf - ----- Original Message ----- From: "Tomas" > Also, let's try to not include too much factors into > the equation (tax, etc...). I want to simplify things > so that I can get an straight answer versus it depends > on this, it depends on that, you have to consider > this, you have to consider that. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 23 May 2003 22:31:09 -0400 From: "J. Lobatto" Subject: Re: [CANSLIM] Reasonable Goal? This is a multi-part message in MIME format. - ------=_NextPart_000_0040_01C3217B.01DB7740 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Additionally, he's been doing it for far more than 11 years (perhaps 40 = years?) The magic of compounding gets far more impressive the longer you = can maintain a high return. - ---------------------------------------------------- This mailbox protected from junk email by Matador from MailFrontier, Inc. http://info.mailfrontier.com ----- Original Message -----=20 From: Chuck Dreier=20 To: canslim@lists.xmission.com=20 Sent: Friday, May 23, 2003 6:47 PM Subject: Re: [CANSLIM] Reasonable Goal? Tomas, Remember that W.B. was working with OPM (other people's money). = Besides being a very smart trader in what may have been a very different = investing environment, he began with a much larger base. Let's say you = had 100 people coming to the table with $10,000 each - the beginning = pool would be $1 million. Chuck ----- Original Message -----=20 From: Tomas=20 To: canslim@lists.xmission.com=20 Sent: Friday, May 23, 2003 6:31 PM Subject: Re: [CANSLIM] Reasonable Goal? > Tomas, >=20 > This would be an over 40% annualized return. To be > blunt, it's unrealistic > and that's assuming that you're paying no taxes at > all on this money while > it's compounding. This kind of return would make > Buffet look like a 3rd rate > investor in comparison! Jonathan, I am not an expert of Warren Buffet's investment career (have not read the book yet), but I have hear that he is one of the best INVESTOR. His company's market cap currently is over $100B. If you are saying that Buffet should consider himself lucky if he makes 40% return per year, why is he considered to be one of the best investors? How did he make all that money?=20 You have to make more than 40% return to become a billion(assuming you do not have a billion to invest in the first place) Maybe he is a GREAT businessman but not a good investor? Just trying to understand. Consider these questions as newbie questions. tomas > from MailFrontier, Inc. http://info.mailfrontier.com >=20 > ----- Original Message ----- > From: "Tomas" > To: "canslim canslim" > Sent: Friday, May 23, 2003 3:57 PM > Subject: [CANSLIM] Reasonable Goal? >=20 >=20 > > This question is for the senior CS'ers. If an > > investor is 29 years old right now, and his goal > is to > > make $2M by 40 to retire, is this a reasonable > goal? > > The assumption is that he will start with $10K and > add > > between $5-$10K capital every year. > > > > I understand that there are many factors like > > - how discipline you are > > - how diligence you are > > - how persistent you are > > - how you learn from your mistake and > > do post analysis of your trades > > - and even how lucky you are. > > > > But assumption that the investor is decently good > on > > those factors. What is your opinion? > > > > Thanks, > > tomas > > > > > > __________________________________ > > Do you Yahoo!? > > The New Yahoo! Search - Faster. Easier. Bingo. > > http://search.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. >=20 >=20 > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0040_01C3217B.01DB7740 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Additionally, he's been doing it for = far more than=20 11 years (perhaps 40 years?) The magic of compounding gets far more = impressive=20 the longer you can maintain a high return.
 
 
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from MailFrontier, Inc. http://info.mailfrontier.com
----- Original Message -----
From:=20 Chuck=20 Dreier
Sent: Friday, May 23, 2003 6:47 = PM
Subject: Re: [CANSLIM] = Reasonable=20 Goal?

Tomas,
 
Remember that W.B. was working with = OPM (other=20 people's money).  Besides being a very smart trader in what may = have been=20 a very different investing environment, he began with a = much=20 larger base.  Let's say you had 100 people coming to the = table with=20 $10,000 each - the beginning pool would be $1 million.
 
Chuck
----- Original Message -----
From:=20 Tomas=20
Sent: Friday, May 23, 2003 = 6:31=20 PM
Subject: Re: [CANSLIM] = Reasonable=20 Goal?



> Tomas,
>
> This would be an = over=20 40% annualized return. To be
> blunt, it's unrealistic
> = and=20 that's assuming that you're paying no taxes at
> all on this = money=20 while
> it's compounding. This kind of return would = make
>=20 Buffet look like a 3rd rate
> investor in=20 comparison!


Jonathan,

I am not an expert of Warren = Buffet's investment
career (have not read the book yet), but I = have=20 hear
that he is one of the best INVESTOR.  His = company's
market=20 cap currently is over $100B.  If you are saying
that Buffet = should=20 consider himself lucky if he makes
40% return per year, why is he = considered to be one of
the best investors?  How did he make = all=20 that money?
You have to make more than 40% return to become=20 a
billion(assuming you do not have a billion to invest
in the = first=20 place) Maybe he is a GREAT businessman
but not a good=20 investor?

Just trying to understand.  Consider these=20 questions
as newbie = questions.

tomas





>=20 from MailFrontier, Inc. http://info.mailfrontier.com>=20
> ----- Original Message -----
> From: "Tomas" <tomas986@yahoo.com>
> = To:=20 "canslim canslim" <canslim@lists.xmission.com= >
>=20 Sent: Friday, May 23, 2003 3:57 PM
> Subject: [CANSLIM] = Reasonable=20 Goal?
>
>
> > This question is for the senior = CS'ers.  If an
> > investor is 29 years old right now, = and his=20 goal
> is to
> > make $2M by 40 to retire, is this a=20 reasonable
> goal?
> > The assumption is that he will = start=20 with $10K and
> add
> > between $5-$10K capital every = year.
> >
> > I understand that there are many = factors=20 like
> > - how discipline you are
> > - how = diligence you=20 are
> > - how persistent you are
> > - how you = learn from=20 your mistake and
> >   do post analysis of your=20 trades
> > - and even how lucky you are.
> = >
> >=20 But assumption that the investor is decently good
> on
> = >=20 those factors.  What is your opinion?
> >
> > = Thanks,
> > tomas
> >
> >
> >=20 __________________________________
> > Do you = Yahoo!?
> >=20 The New Yahoo! Search - Faster. Easier. Bingo.
> > http://search.yahoo.com
> = >
> > -
> > -To subscribe/unsubscribe, = email
>=20 "majordomo@xmission.com"
>= ;=20 > -In the email body, write "subscribe canslim" or
> >=20 -"unsubscribe canslim".  Do not use quotes in your
>=20 email.
>
>
> -
> -To = subscribe/unsubscribe,=20 email
> "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in=20 your
email.


__________________________________
Do = you=20 Yahoo!?
The New Yahoo! Search - Faster. Easier. Bingo.
http://search.yahoo.com

-
= - -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
- ------=_NextPart_000_0040_01C3217B.01DB7740-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #3329 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.