OK, I got this idea from the $500 experiment thread and will see how well it pans out. I figure I have about 25 years to make it work then I'll be retired. The plan is the same as the $500 experiment, however I started with 1k and put it in a Roth IRA so the gains are all tax free.

The plan is to work for the 10% gain and take profits. I will have to do this a total of 73 times and I'll be over $1mil. Of course I am going to watch a stock and see how well it's doing at the 10% level before I just pull it out at that level, but it's a guideline. That equates to only about 5 picks per year.

I have my doubts about being able to make it work, but what the hell. I am still putting money into my other Roth IRA's so it's not like I am banking my retirement on this little experiment. I have had good luck in the past though and figured why not try.

Anyone else working on retirement or pretty much everyone looking for the "big kill"?

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Only 65 trades with 10% gain and I'll be a millionaire...lol.

Yes, that is a good strategy. I am doing it, too.

Suggestions:

You may want to start with more 'piles' and shoot for a lower percentage. That will minimize risk and help you avoid dead money waiting for your 10%.
Plus, if you have 10 piles, you only have to bring each pile up to $100,000. Which, in the later stages, it's easier to risk $900,000 amongst many piles vs. one stock.

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"I've seen angels fall from blinding heights. But you, yourself, are nothing so divine.... just next in line."

For the time being I could only add 1k to my roth IRA without exceeding the 4k cap for 2006. I am doing pretty fair so far, I bought CSUH on the 14th(celsius) at $3.05 and it closed today at $3.58.

I used half for that and put the other half in SIMG at 9.25. It is slugging along but at least finished up today around 9.58.

Maybe next year I'll have some more I can put in this account to help build it up, but my systemic investments to my IRA (mutual funds) are $3400/yr so I will only have $600 I can add at the end of this year. Good luck to you.

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Only 65 trades with 10% gain and I'll be a millionaire...lol.