Thread: What is your Goal?

S&P 500 return (12%) with a less volatility (10%).

To consistantly beat the S&P 500. The further ahead of the S&P 500 that I get the happier I am. Consistancy is the key.

I am using these early years as I build towards a power account to make a determination. If I can consistently beat a 50% S, 50% I - Buy and Hold Strategy, I will continue to actively manage my TSP account, into the future. Otherwise, it is a waste of time. I expect to hit the power account level (400K) in about 7 years.

Therefore, I set my goal at meeting or beating the annual return of the best performing fund with the recognition that I will probably consistently fall a couple % short.

In a few years, when I feel that I have consistently done my best, and have a couple of years of good data, I will make that call.

If your beating "The Great Carnac", you're doing well. Oh, that's just about everyone...........

My goal is to accumulate and accumulate some more until my pockets are full. My target is to acquire at least 40,000 shares of the C fund before the game is finished. How long that will take depends on many factors - the future being the primary factor. At some point I'll start doing a little position trading but not yet. Let's see - 40,000 x $20.00 would be ideal.

Everyone of us should want the best TSP return possible. My financial goal is to retire with a net worth in excess of $1,000,000. And a positive cash flow of at least $6,000 per month.

Gilligan,

One has to be careful on the cash flows or Peaches from the IRS will be knocking on your door - your Uncle has expectations you know.

Originally Posted by Birchtree

Gilligan,

One has to be careful on the cash flows or Peaches from the IRS will be knocking on your door - your Uncle has expectations you know.

The IRS is our friend. Or not!

That positive cash flow is after all expenses including taxes. I do pay taxes and keep all receipts in case Peaches wants to do an audit. Depreciation has saved me thousands in taxes. Tax evaders don’t have it to bad; Federal prison camps are like country clubs with racket ball, swimming pools, golf and other amenities.

I have a yearly meeting with Peaches, generally my numbers lady gets me off.
My internet trading firm helps out too.
A bunch of Peaches relatives work in our building, so I get free advice.
Bottom line. In tax-paid account trading, ensure U got good records. Other wise Peaches will be claiming Ur gold........ ..........Spaf

Gilligan, chasing the best returns possible has cost a lot of people a lot of money, including me. I have given up on that goal; it is unrealistic.

Rather I have chosen a (somewhat arbitrary) dollar-figure. I have only three years to go, so the milestones and waypoints are easily calculable. So long as I am on track I am happy.

Along the way, my goal is to beat the L2040. If I start falling off my curve, and at the same time falling behind the L2040, then I will join it. So far, it is very close.

Goal-setting is not my style in life. I prefer a more lassez-faire approach, que sera sera. (Why does English lack the right aphorism?) Nevertheless I think it is the sine qua non of investing.

Dave

Originally Posted by Dave M

I prefer a more lassez-faire approach, que sera sera. (Why does English lack the right aphorism?) Nevertheless I think it is the sine qua non of investing.

Dave

How 'bout "what----ever"

Dave
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