Re: [CANSLIM] Reasonable Goal?

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Reasonable Goal?
Date: Sat, 24 May 2003 11:39:32 -0700

Next Article (by Date): Re: [CANSLIM] Reasonable Goal? "Gene Ricci"
Previous Article (by Date): Re: [CANSLIM] Reasonable Goal? Ian
Next in Thread: Re: [CANSLIM] Reasonable Goal? "Gene Ricci"
Articles sorted by: [Date] [Author] [Subject]

Tomas:

By my calculations, if you added the maximum $10,000 every year, and made
40% per year, and PAID NO TAXES, at the end of 12 years you would have
$1,959,000. At the midpoint, after 6 years, you would have $238,000.

In Canada, we have a tax-sheltered retirement account that could be used to
do this. But you would have to wait an extra 2 1/2 years (total of 14 1/2)
in order to double it again, so that it could be withdrawn at a 50% tax
rate. That would be a way the optimal way to deal with the taxes - shelter
them as they compound, and pay them at the end, or slowly as the money is
withdrawn.

Ian


- ----- 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
>
>
> __________________________________
> 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.

Go to Jeff Salisbury LWGate Home Page.