Frank: I would love to be involved with this thread as I have a specific goal in mind and woul like input. Here are the specifics:
1. I would like to be financially independent by age 55. I am now 31 and my wife is 27.
2. I am contributing $9500(next year will be $12000 b/c of employers matching) to my 403b retirement plan. If I get a 10% return and contribute till age 55 I will have $1,288,511. If I stop contributing and let it grow at 10% without taking money out it will be worth 3,378,897 at age 65.
3. My goal is to put a minimum of $20,000 a year into the stock market. Will probably be more. 15% return = 5,144,672. 10%=2,259,478.
4. I think these are reasonable scenarios. My wife and I love to have fun but we are not extravagant. We like to camp, mountain bike, roller blade and now that I am done with my residency:travel.
5. Obvious variables are children, job situation and the stock market.
6.My Investment strategy is going to be to buy great compainies at reasonable prices and hold on. Currently my portfolio includes Microsoft(102.5), Intel(152), Coke(59.5),GE(105), C-Cube(26.25), Phymatrix(12) and NIKE(56.25). As you can see I am in the red currently. Future purchases to include: Merck(maybe shoul have bought at 81.25), Cisco, J&J, Sun, P&G, SUN. Always looking for good compainies that are beaten down, although my initial purchases do not reflect that.
7. Frank, I hope that was not to detailed and long. I am looking forward to be a part of htis discussion. Let's hope we get level headed contributers and help each other achieve our goals.
Thanks
JT |
