We didn’t trade much during this turmoil of the banking crisis, recession fear, and end-of-the-world imminency. Rather we preserved the cash. Remember, our account is still small and we cannot take risky trades (we did two times and it backfired, but we have time on our side). Also during the recent sharp market selloff (chart below), our buying power went negative (!!) and it was wise to stay in cash as much as possible and wait for this stupidity to end. And at some point, it will end. Investors will realize how dumb they were and start rushing back in propping the market back up.
Besides that, our Challenge account continues grinding higher, and as the market stabilizes, I expect it to improve more.
Accumulation phase
The account is still underperforming our goal but started growing again. We are investing in stocks of our interest and building equity positions. We also started selling Iron Condors and spreads. We got rid of QYLD stock, and we will no longer invest in this ETF as its performance is terrible, and its dividend income doesn’t look as enticing as it looks on paper. We want a stable company that provides some price appreciation and dividend growth. So we replaced QYLD with MAIN.
March 2023 Challenge account review
| MONTH | GOAL $$ | ACTUAL $$ |
| January 2022: | $924.00 | $594.29 |
| February 2022: | $1,027.00 | $283.87 |
| 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 |
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 I expect this to improve with the market. We will keep buying assets and monetize them once we accumulate enough shares.
March 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 | $1,392.45 |
| 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 |
March 2023 Challenge account Income
| Total Invested in Stocks | $1,266.64 |
| Stocks Unrealized Profit | -$87.42 |
| Stocks Realized Profit | -$57.18 |
| Strangles Income | -$1,316.00 |
| Spreads Income | $49.00 |
| Dividends Income | $55.56 |
| Deposits Total (lifetime) | $2,300.00 |
| Cash | $214.97 |
| Net-Liq | $1,392.19 |
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.
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