Re: [CANSLIM] Reasonable Goal?

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Reasonable Goal?
Date: Sun, 25 May 2003 09:24:30 -0700 (PDT)

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For the tax problem, I am thinking maybe you can use
margin to offset the tax loss.  I have not done the
calculation yet, but margin should make up the some
difference for the lost in tax.  Of course, I won't be
using margin until I am more comfortable with CS in a
year or two.

tomas


- --- Ian <ianstm@shaw.ca> wrote:
> 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 withdrawn at a 50% tax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 withdrawn.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
> >
> >
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