RE: [CANSLIM] Reasonable Goal?

From: Tomas <tomas986@yahoo.com>
Subject: RE: [CANSLIM] Reasonable Goal?
Date: Fri, 23 May 2003 15:17:20 -0700 (PDT)
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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 <dctag@mavericktrading.com> 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 <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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