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Monday, July 13, 2009

Monday Challenge Project Summary: July 13, 2009 (VIDEO)

Previous Challenge Project Balances:

Investing Account Balance: $523.45
Stock / Futures Trading Balance: $1,464.14
Online Savings Balance: $50.06

The original video explanation of the Challenge Project is to be found here.

Some time ago I stated that I may split up Rule No. 2, into weekly segments; or, $25.00 a week. Rule No. 2 states that each month, we can divy up $100.00 as we wish ...

(Video Included. If you're seeing this entry elsewhere and cannot play the video? Click this link to go to the exact blogged vlog entry ...)

For some reason in the video audio portion, I keep saying: "Transfer portion of the slush fund to either the trading account or the savings account"

That should instead be:

"Transfer portion of the slush fund to either the trading account or the investing account"

Wouldn't make much sense to take it out of the same account, to put it in the same account. :)

Challenge Project Balances After Rule No. 2 Deposit:

Investing Account Balance: $528.07
  • 4.1064 shares of KO
  • 3.0301 shares of JNJ
  • Cash: $152.57
  • Additional $18.76 available from slush fund
Stock / Futures Trading Balance: $1,464.14
  • Additional $18.76 available from slush fund
Online Savings Balance: $75.06
  • $18.76 for a slush fund / Drawdown Kill Switch fund
  • $37.53 for a base savings
  • $18.77 for emergency savings
We'll be back to the Challenge Project, next Monday ...

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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