Re: [CANSLIM] Reasonable Goal?

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Reasonable Goal?
Date: Sun, 25 May 2003 09:08:51 -0700 (PDT)

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Robert,

Thanks for the information.  I looked in Excel and the
function is call MIRR.  

BTW, I am from Houston, TX too. :)

tomas

- --- Robert Gammon <rgammon51@yahoo.com> wrote:
> This is an Extended Internal Rate of Return
> calculation or a 
> Compound Annual Growth Rate calculation.  XIRR
> includes cash flow 
> calculations, CAGR does not.
> 
> To achieve the $2M goal, starting with $10K at age
> 29 and adding 
> $10K each and every year thru age 40, requires an
> average annual 
> return of about 46% for an XIRR of 40.81%
> 
> Check the math add-ins pack for your spreadsheet to
> see the 
> calculations for XIRR().  It needs several inputs,
> including an 
> initial guess as to the magnitude of the result, the
> range of 
> dates, and the cash flows of the investment.
> 
> Robert Gammon
> Houston, TX
> 
> On Fri, 23 May 2003 13:59:25 -0700 (PDT), Tomas
> wrote:
> 
> >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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