Go to Jeff Salisbury LWGate Home Page.From: "Chuck Dreier" <chucknsc@mindspring.com>
Subject: Re: [CANSLIM] Reasonable Goal?
Date: Fri, 23 May 2003 18:47:51 -0400
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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" <tomas986@yahoo.com> > To: "canslim canslim" <canslim@lists.xmission.com> > 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 <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Tomas,</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>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 <U>much = larger=20 base</U>. Let's say you had 100 people coming to the table with = $10,000=20 each - the beginning pool would be $1 million.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Chuck</FONT></DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dtomas986@yahoo.com = href=3D"mailto:tomas986@yahoo.com">Tomas</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, May 23, 2003 6:31 = PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] = Reasonable=20 Goal?</DIV> <DIV><BR></DIV><BR><BR>> Tomas,<BR>> <BR>> This would be an = over 40%=20 annualized return. To be<BR>> blunt, it's unrealistic<BR>> and = that's=20 assuming that you're paying no taxes at<BR>> all on this money=20 while<BR>> it's compounding. This kind of return would make<BR>> = Buffet=20 look like a 3rd rate<BR>> investor in=20 comparison!<BR><BR><BR>Jonathan,<BR><BR>I am not an expert of Warren = Buffet's=20 investment<BR>career (have not read the book yet), but I have = hear<BR>that he=20 is one of the best INVESTOR. His company's<BR>market cap = currently is=20 over $100B. If you are saying<BR>that Buffet should consider = himself=20 lucky if he makes<BR>40% return per year, why is he considered to be = one=20 of<BR>the best investors? How did he make all that money? = <BR>You have=20 to make more than 40% return to become a<BR>billion(assuming you do = not have a=20 billion to invest<BR>in the first place) Maybe he is a GREAT=20 businessman<BR>but not a good investor?<BR><BR>Just trying to=20 understand. Consider these questions<BR>as newbie=20 questions.<BR><BR>tomas<BR><BR><BR><BR><BR><BR>> from MailFrontier, = Inc. <A=20 = href=3D"http://info.mailfrontier.com">http://info.mailfrontier.com</A><BR= >>=20 <BR>> ----- Original Message -----<BR>> From: "Tomas" <<A=20 href=3D"mailto:tomas986@yahoo.com">tomas986@yahoo.com</A>><BR>> = To:=20 "canslim canslim" <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>>=20 Sent: Friday, May 23, 2003 3:57 PM<BR>> Subject: [CANSLIM] = Reasonable=20 Goal?<BR>> <BR>> <BR>> > This question is for the senior=20 CS'ers. If an<BR>> > investor is 29 years old right now, = and his=20 goal<BR>> is to<BR>> > make $2M by 40 to retire, is this a=20 reasonable<BR>> goal?<BR>> > The assumption is that he will = start=20 with $10K and<BR>> add<BR>> > between $5-$10K capital every=20 year.<BR>> ><BR>> > I understand that there are many = factors=20 like<BR>> > - how discipline you are<BR>> > - how = diligence you=20 are<BR>> > - how persistent you are<BR>> > - how you learn = from=20 your mistake and<BR>> > do post analysis of your=20 trades<BR>> > - and even how lucky you are.<BR>> ><BR>> = >=20 But assumption that the investor is decently good<BR>> on<BR>> = >=20 those factors. What is your opinion?<BR>> ><BR>> >=20 Thanks,<BR>> > tomas<BR>> ><BR>> ><BR>> >=20 __________________________________<BR>> > Do you Yahoo!?<BR>> = >=20 The New Yahoo! Search - Faster. Easier. Bingo.<BR>> > <A=20 href=3D"http://search.yahoo.com">http://search.yahoo.com</A><BR>>=20 ><BR>> > -<BR>> > -To subscribe/unsubscribe, = email<BR>> "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; >=20 -In the email body, write "subscribe canslim" or<BR>> > = - -"unsubscribe=20 canslim". Do not use quotes in your<BR>> email.<BR>> = <BR>>=20 <BR>> -<BR>> -To subscribe/unsubscribe, email<BR>> "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; -In=20 the email body, write "subscribe canslim" or<BR>> -"unsubscribe=20 canslim". Do not use quotes in=20 your<BR>email.<BR><BR><BR>__________________________________<BR>Do you = Yahoo!?<BR>The New Yahoo! Search - Faster. Easier. Bingo.<BR><A=20 = href=3D"http://search.yahoo.com">http://search.yahoo.com</A><BR><BR>-<BR>= - -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_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.
Next Article (by Date): Re: [CANSLIM] Reasonable Goal? "Rolf Hertenstein"
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