Saturday, May 02, 2020

7 Month Update

This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start.

 1. October, 2019.........7.22%
 2. November, 2019.....3.21%
 3. December, 2019......5.12%
 4. January, 2020...…..4.36%
 5. February, 2020...…1.66%
 6. March, 2020...……0.91%
 7. April, 2020...……..9.03%

 7 month total % gain  31.51%

This is a market chart from October14, 2019 (the date I started) though April 30. 2020.

     S&P500 index (in red)…….. (-1.81%)
     Dow 30 index (in blue)……..(-11.32%)
     My gains...………………….. 31.51%


This shows our projected account using our $50 a month contribution  plus our 2% monthly (24% a year) gains. At the end of 7 months our projection is $378.38.  At the end of 7 months we are $407.40 . Well ahead of schedule. 

     I hope you noticed  in my April update , how my SPXS  $0.85 loss was handled. I has $11.05 invested but sold for $10.20 , therefore the $10.20 unsettled funds reflexes my account moving forward. 

     I do not use profits until my monthly update but any losses has to be subtracted because that is money no longer available for my "monthly trading limit". 

    If I did not subtract my losses from "monthly trading limit", I would have to add some of my profits and that is not allowed in my money management system.

Disclaimer, I am not a professional
your comments are welcome and appreciated or
e-mail...…..   1948modelblog@gmail.com


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