Our Challenge account started performing well again. We started the account at the end of the extremely strong bull market in 2021 and then had to ride it through the entire 2022 bear market. That was challenging. We had to close some trades for a loss and pretty much stop trading. We however kept buying shares of the stocks of our interest – high yield but good quality dividend stocks.
Our goal is to not only grow the account but also generate income from dividends and monetizing our positions by selling options around those positions. And we are again on track with this goal and strategy.
It takes patience and stick to the strategy. The markets will not be always favorable to us. Nor FED being always friendly with zero rates policy. One must adjust investing and trading to be inline with the market, but one must not stop investing or you would miss the best time in the market.
Accumulation phase
The account is still underperforming our goal but the spread between the goal and current value started narrowing fast. We are still investing in stocks of our interest and building equity positions. We also started selling put spreads against indexes to generate income.
June – July 2023 Challenge account review
| MONTH | GOAL $$ | ACTUAL $$ |
| March 2022: | $1,130.00 | $301.74 |
| April 2022: | $1,233.00 | $350.56 |
| May 2022: | $1,336.00 | $428.82 |
| June 2022: | $1,439.00 | $459.70 |
| July 2022: | $1,542.00 | $641.27 |
| August 2022: | $1,645.00 | $653.32 |
| September 2022: | $1,748.00 | $617.92 |
| October 2022: | $1,851.00 | $829.46 |
| November 2022: | $1,954.00 | $1,003.01 |
| December 2022: | $2,057.00 | $1,152.65 |
| January 2023: | $2,160.00 | $1,221.22 |
| February 2023: | $2,263.00 | $1,286.04 |
| March 2023: | $2,366.00 | $1,392.45 |
| April 2023: | $2,469.00 | $1,461.53 |
| May 2023: | $2,572.00 | $1,779.13 |
| June 2023: | $2,675.00 | 1,729.60 |
| July 2023: | $2,778.00 | $2,159.90 |
From the chart above, the red dot (line) indicates the current account value, compared to the blue line (plan). Our account is underperforming our goal. But it started improving and going up again. We will keep buying assets and monetize them once we accumulate enough shares.
June-July 2023 Overall Challenge account review
The chart below indicates our account value compared to the overall goal and plans to grow the $100 investment into a $75,000 portfolio. As of today, we are still at the beginning of our journey.
| YEAR | CONTRIBUTIONS $$ | GOAL $$ | ACTUAL $$ |
| Year 0: | $100.00 | $100.00 | $100.00 |
| Year 1: | $1,300.00 | $1,336.00 | $459.70 |
| Year 2: | $2,500.00 | $3,016.96 | $2,159.90 |
| Year 3: | $3,700.00 | $5,303.07 | |
| Year 4: | $4,900.00 | $8,412.17 | |
| Year 5: | $6,100.00 | $12,640.55 | |
| Year 6: | $7,300.00 | $18,391.15 | |
| Year 7: | $8,500.00 | $26,211.96 | |
| Year 8: | $9,700.00 | $36,848.27 | |
| Year 9: | $10,900.00 | $51,313.64 | |
| Year 10: | $12,100.00 | $70,986.56 |
June-July 2023 Challenge account Income
| Total Invested in Stocks | $1,561.83 |
| Stocks Unrealized Profit | $170.35 |
| Stocks Realized Profit | -$57.18 |
| Strangles Income | -$1,316.00 |
| Spreads Income | $193.00 |
| Dividends Income | $77.76 |
| Deposits Total (lifetime) | $2,700.00 |
| Cash | $838.58 |
| Net-Liq | $2,159.90 |
If you want to see what investments we take and what trades and strategies we will use to grow this small account, join our program today and grow your money. We engage in safe investments, select strategies to maximize winning trades and grow our portfolio. And you can do it too, today! We do not provide quick rich promises, gambling, or reckless strategies. We want our portfolio to grow steadily and preserve our capital while maximizing returns.
As a member, you will have access to the following features:
- Weekly newsletter which provides market news and outlook, stocks analysis, and options trading course
- Account statements
- Account trading journal
- Archived emails
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