<<I'm interested if anyone is already doing this. If so, what size portfolio
do you consider is required. I would want to at least make (take) $50k
a year, and still grow the porfolio after paying myself.>>
MHO is a minimum of $250K. Using the net, SI and other tools, an ACTIVE
investor (as opposed to passive or lesser informed) should be able to do
at least 25-30% year in and year out (comments anyone?). At this level,
$50K/yr is 20%, leaving 5-10% for growth.
<<Sorry to be so off topic (MRVC), but I recall someone referring to MRV as my
retirement vehicle.>>
No matter how good a stock should look, you can't meet the above objective with
just one stock - you must have a portfolio of good picks.
<<If you didn't notice, this is my first post.>>
Welcome.
<<I recently bought shares at $27. Here's the
story. I first heard about MRV in an article about networking companies/investments.
In that article, MRV was praised, and hence I decided to find out more. At first, I
instantly lost interest when I saw the company had net losses for the prior 12 months.
Upon looking further, I saw that the major hit to earning was one qtr in which the
company had charges for an aquisition.>>
Good price for recent times. Very astute to see thru the negative PE. |
