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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: Jarhead who wrote (17098)3/11/2000 2:36:00 PM
From: Jason W  Read Replies (1) | Respond to of 19700
 
Jarhead,
Good post...I own CMGI and my own business..AND The Millionaire Next Door is my favorite Book. The Millionaire Mind is good, but not great...I never visited the CMGI thread, believe it or not..CMGI is way into the "forget about it" section of my portfolio, so I don't really follow CMGI THAT closely..They are awesome, I am way up on my holdings, and have no plans of selling. I do like the discussion here, so now I'll hang around..

CMGI's chart is looking good, and I expect a move through the 170's soon, for what that's worth.

Happy trading...

Jason W



To: Jarhead who wrote (17098)3/12/2000 8:22:00 AM
From: James B. Ditsworth  Read Replies (2) | Respond to of 19700
 
OT

How much do you need in order to retire early?

Money Magazine had the following article to answer the question.

Here it is:

*****************************"

What's Your Number?

This worksheet will help you calculate the rough amount you need to retire comfortably before age 65 in two different scenarios. One assumes that you want to leave a pot of money for heirs; the other is the more achievable goal of amassing a pot of money that you will consume over the course of your retirement. To see how close you are to retiring early, add up all of your retirement savings and the value of any lump-sum pension that you may be eligible for and subtract it from lines 3 and 4. Our bare-bones calculations assume 3% inflation, an inflation-adjustede investment return of 5%, and a life expectancy of 90; they exclude Social Security benefits.

1. Enter your desired annual retirement income. (We recommend using 100% of pre-retirement income, less what you are setting aside for retirement savings.

________________________

2. Multiply line 1 by Factor A below, based on a target retirement date. This is your projected income need in the first year of retirement.

________________________

3. Multiply line 2 by Factor B, based on your age at retirement. The result is the ideal retirement stake you would need: This lump sum should generate enough income to meet your needs without tapping your principal.

________________________

4. Multiply line 2 by Factor C, based on your age at retirement. This is your minimum retirement stake: This lump sum should generate enough income only for the period you've designated. After that, your assets will be exhausted.

________________________


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Years Until Inflation Retirement
Retirement Factor A Age Factor B Factor C
----------------- -------------------- --------------------- ---------------------- ----------------------
0 1.0 50 21.0 18.1
1-5 1.09 55 19.8 16.6
6-10 1.27 60 18.2 14.7
11-15 1.47 62 17.7 14.0
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Jim