[CANSLIM] Unreasonable Goal

From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: [CANSLIM] Unreasonable Goal
Date: Tue, 27 May 2003 09:40:02 -0500

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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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