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To: DownSouth who wrote (10463)11/16/1999 10:06:00 PM
From: William  Read Replies (1) | Respond to of 54805
 
My 21 year old daughter opened a Roth yesterday with $500. I bought 1 (one) share of QCOM for her.

Well, that should cover the retirement just about right. Let's do a projection. 62 (retirement age) - 21 = 41 years.
Conservative 30% growth per year for Q is 1.3 ** 41 = 46,954
times $365 = $17,138,400. That seems like the right kind of nest egg to have to retire in 2040. Your daughter will do just fine.

William