Re: [CANSLIM] Reasonable Goal?

From: "Chris Jones" <SwingKid104@attbi.com>
Subject: Re: [CANSLIM] Reasonable Goal?
Date: Fri, 23 May 2003 13:27:49 -0700

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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" <tomas986@yahoo.com>
To: "canslim canslim" <canslim@lists.xmission.com>
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
>
>
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