Our “Challenge account” program finished the second year and we are entering the third year of growing the account from $100 to $75,000. These first two years were extremely challenging. We started the program at the end of 2021 when all was good and great. But then, in 2022 the bear market hit and our program got hit too. But that is the part of investing. We will see years when the markets will not cooperate and we will see drawdowns. We had bullish trades open and when the bear market hit, we had to close them for a loss. It also will be happening. And we have to be prepared for it and accept it as normal.

We kept trading and buying dividend stocks. And our account started recovering sharply. The charts below show that although we are still under water, the balance started improving significantly. We are almost break even. If the trend continues, we will be able to surpass and grow our account above the projected goal.

This program is for subscribers only and we send our trade signals and newsletters every week. As the market improves, I expect more trading to happen unlike during the bear markets when we go mostly dormant and preserve the capital.

 

Accumulation phase

 
The account is still underperforming our goal but started improving again. We are investing in stocks of our interest and building equity positions. We also started selling Iron Condors and spreads.

 

April-May 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

 

 
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.
 

April-May 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	$1,779.13
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

 

 

April-May 2023 Challenge account Income

 

Total Invested in Stocks	$1,283.90
Stocks Unrealized Profit	$0.15
Stocks Realized Profit	-$57.18
Strangles Income	-$1,316.00
Spreads Income	$254.00
Dividends Income	$62.91
Deposits Total (lifetime)	$2,500.00
Cash	$341.38
Net-Liq	$1,779.13

 

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