Re: [CANSLIM] Unreasonable Goal

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Unreasonable Goal
Date: Tue, 27 May 2003 15:32:28 -0700 (PDT)

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Lol, you got a point there Ed.  Hmmmm, now you got me
thinking....


- --- "Edward W. Gjertsen II" <ed@macktracks.com> wrote:
> You are all focusing on getting to the $2MM dollar
> at age 40.
> "Retiring" at age 40 leaves you statistically with
> 44 years to go until
> your demise.  If you spend $100,000, per year and
> you see NO inflation
> over that time, and invest in tax-free's earning 4%
> after tax you may
> spend your last dollar with your last breath.  BUT
> why stop there, if
> you can continue your hypothetical rate of return
> 40% per year
> (x-taxes), at age 84 at your $2mm would be at
> $3,841,806,878,891.78.  Be
> altruistic - give it all to the government and
> payoff a good portion of
> the federal debt or personally save social security
> and medicare or buy
> Spain.  Think about the possibilities!
> 
> 
> Ed Gjertsen II
> ed@macktracks.com
>  
>  
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> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf
> Of Tomas
> Sent: Friday, May 23, 2003 2:58 PM
> To: canslim canslim
> 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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