The markets were improving in October, and so was our challenge account. It was growing again. We keep investing and building a base to monetize our positions. Our goal is to buy good quality stocks and use them to generate more cash that can be reinvested or used for spending. Ultimately, we plan on reaching the $75,000 value of this account. After an initial setback, we are again on track to reach this goal.
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 first. After we build our equity, we will be wheeling the positions.
October 2022 Challenge account review
| MONTH | GOAL $$ | ACTUAL $$ |
| August 2021: | $409.00 | $397.71 |
| September 2021: | $512.00 | $476.91 |
| October 2021: | $615.00 | $632.37 |
| November 2021: | $718.00 | $659.00 |
| December 2021: | $821.00 | $802.08 |
| 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 |
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.
October 2022 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 | $829.46 |
| 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 |
October 2022 Challenge account Income
| Total Invested in Stocks | $1,016.81 |
| Total Unrealized Profit | -$200.32 |
| Total Realized Profit | -$1.17 |
| Strangles Income | -$1,316.00 |
| Dividends Income | $33.28 |
| Deposits Total | $1800.00 |
| Cash | $9.64 |
| Net-Liq | $829.46 |
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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