Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: FWS who wrote (50516)	11/16/1999 11:43:00 PM
From: Uncle Frank	Respond to of 152472

>> I am curious as to what financial requirements are required in general for this. Is a Quill enough?? Chris, the amount you need to "retire" is a function of both your life style and your savings (or in my case, investment capital). If you are living within your means a rough measure is ten times your annual income. I'd strongly suggest you read The Millionaire Next Door to get some ideas. uf

To: FWS who wrote (50516)	11/16/1999 11:53:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 152472

you are asking the wrong person. Depends on what your live style is now, and what kind of life style you want. Try MSN or Quicken.com, i'm sure they have calculators for that. greg

To: FWS who wrote (50516)	11/17/1999 3:30:00 AM
From: LindyBill	Respond to of 152472

Chris, I figured at least 2 mil when I looked at it 2 years ago. I now figure 4 mil for safety. If your stock crashes, you would still have 2 mil, probably. If you have 2 mil in a growth stock such as Q, you should be able to pull out 250K a year and have it replaced by the growth of the stock. that is only figuring 12 1/2% growth, which leaves a terrific margin for safety. Pay taxes and spend 125K a year. You could probably pull out twice that and never touch the principal.

To: FWS who wrote (50516)	11/17/1999 4:16:00 AM
From: PAL	Respond to of 152472

OT OT OT The rule of thumb is that every $ 100K generates $ 500/month without touching the principal. One Qullion should thus generate $ 5,000/month.

To: FWS who wrote (50516)	11/17/1999 7:46:00 AM
From: Cooters	Read Replies (1) \| Respond to of 152472

<<I am curious as to what financial requirements are reguired in general for this. Is a Quill enough??>> A Quill by itself would not have been enough. But a few Quills on the side sure helps. Cooters

To: FWS who wrote (50516)	11/17/1999 9:02:00 AM
From: Sig	Respond to of 152472

Re One Quill: More than enough(G) techstocks.com Assume you held these stocks in equal value amounts for a toatl f $1 mm: The profit after one year would be $2.62 mm, which is of course excessive(g) And if their growth was 1/2 or even 1/4 what is expected it would be at least $659K What actions are needed to achieve this ?-mostly it is what one doesn't do that counts most 1. You stay away from the M Burke thread. 2. No penny stocks, no IPO's, no oils even if the price doubles, no banks, no autos, 3. Never, ever short one of Greg's picks 4. Try not to compete with what other thread members say they are doing( 1000 share lots). Just gradually work up from your present position or qty of purchases. 5. Try to buy at a low but avoid trying to time the market Having established a goal of xMM by x date, it now becomes easy to figure what daily action is required. But it is still not easy to stay focused if you follow the threads and analysts. We are being tortured very deliberately into excessive diversification by the display on quote.com of the 'most up' stocks, and lead off into non-tech fields by the analysts on Wall Street Week. FWIW and have fun Sig