Replies to post #118552 on Xechem International Inc. (fka XKEM)

[Goldrush2001]

OT: fastws6 says:

It takes an extremely strong belief in your investment to not sell out when you have a gain. Most can't do it and will never be truly wealthy from stock investing..

I suspect 'truly wealthy' has different meanings for different folks. I'm curious as to what everyone thinks 'truly wealthy' means (in financial terms).

For me it is enough money, when invested conservatively in safe CDs (5%), that it generates after tax income that allows me to do anything I want, and also stays ahead of inflation.

Many folks think $1 million is the magic number (being a millionaire has a nice sound to it). IMO that was true up until several years ago.

IMO, now one needs at least $2 million.

My personal goal is $4 or $5 million which generates $200,000 to $250,000 pre-tax income. I am hoping XeChem takes me there.