Re: [CANSLIM] Reasonable Goal?

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Reasonable Goal?
Date: Fri, 23 May 2003 13:59:25 -0700 (PDT)

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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 <SwingKid104@attbi.com> 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" <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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