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Monday, September 7, 2009

Monday Challenge Project Summary: September 7th, 2009

Previous Challenge Project Balances:

Investing Account Balance: $490.53
Stock / Futures Trading Balance: $1,521.21
Online Savings Balance: $150.15

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

Rule No. 2 of the Challenge Project states that each month, we can divvy up $100.00 as we wish between the various challenge project accounts. Some time ago I stated that I may split up Rule No. 2, into weekly segments; or, $25.00 a week.

For this week, the $25.00 weekly deposit is being transferred to the Investing Account. We spent some time bumping up both our trading account, and the savings account. Now? Now it's time to pour on the fuel, for bumping up the cash in the investing dividend account.

And I'm going to be quite honest. That account? Well, it's sort of been the 'forgotten child' of the Challenge Project. Well, it's going to get some love now. I went ahead and sent off the money so it's already posted into that account. Therefore, here are the new numbers

Challenge Project Balances After Rule No. 2 Deposit:

Investing Account Balance: $505.99
(YTD cash equity up about 4.25% Return is about -17.5%)

Investing Account Balance Since Inception:
  • 4.1064 shares of KO (DRIP on)
  • 3.0301 shares of JNJ (DRIP on)
  • 1 SPY 80 Put - September Hedge - soon to expire
  • Cash: $114.12
  • Additional $37.53 available from slush fund

Stock / Futures Trading Balance: $1,521.21

(YTD cash equity up about 50%. Return on Capital is about 2%)

Trading Account Balance Since Inception:
  • Additional $37.53 available from slush fund

Online Savings Balance: $150.30 (Interest Payment from Aug)
(YTD cash equity up about 22.3%. Return on Capital is about 1.49%)

Savings Account Balance Since Inception:
  • $37.53 for a Slush fund / Drawdown Kill Switch fund
  • $75.24 for a Base Savings
  • $37.53 for Emergency Savings
We'll be back to the Challenge Project, next Monday.

* * *

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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