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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: Pat Doucette who wrote (3749)1/6/1998 5:02:00 PM
From: Bruce A. Bowman  Read Replies (1) of 18928
 
Hi Pat-

Tom will no doubt be answering you, but your note prompted me to do a little arithmetic. It looks to me like turning $10,000 into $1,000,000 in just 10 years would require an annual compound return of a little over 58%/yr. I don't think anyone would be willing to suggest that AIM could do that, but it should do pretty well nonetheless. I've heard that 30% (I think from Tom) is a pretty good average annual return over any 5-year period. If that's the case, and you don't make any mistakes and always have the better choices of stocks, it would take between 17 and 18 years to go from $10,000 to $1,000,000. Even Mr. L admitted that he used the $1,000,000 number to get our attention... worked on me! :-)

Bruce
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