Week 1 (2 days…) 2014 – Goal Portfolio Update

Hi Guys, so calculated that I need to compound a return of about 25 percent per month in order to turn this portfolio into $100K.  As a note of semantics, the account where this portfolio is located is the actual item we want to reach $100K.  I do not want to necessarily call it a “portfolio” as a portfolio does not include funds that are not invested.  So, we are referring to the account value as a total when I say I want to turn this goal portfolio into 100K. As a smart investor, there is no need to be fully invested at certain times and vice versa. Likewise, I will not always use margin, but I will use it in a strategic way when I feel necessary.

Anyway, January’s minimum goal is $3,037.50 (I will round up for simplicity).  Obviously, this presents a sort of dilemma, as we known winners should run.  So, do you book the gains at the minimum amounts or do you let your winners run?  This is a tightrope I will walk as I watch the portfolio/account progress.

This week, I could have booked gains of over $2,000 but I am letting my winners run and moving my stops up – trailing stops.  I am not employing electronic stops when I am able to monitor the action.  But, I will use electronic stops when I am unable to watch my positions (For example, when I have to go to court, etc).  Anyway here you go:

Goal: $100,000, Month 1 (January) Goal: $3,038, Account goal total: $15,188

Unrealized numbers after week 1 (2 days): $1,590, Account (remember, this number will be different than my gains etc because at any time my percentage invested is changing) : $14,395

Feel free to send feedback and share your success stories! Best of luck for the week! -Brad


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