Four years!
And what a first 48 months it has been. The VIX dropping to 15.68 this morning gave us a huge boost (because we sell a lot of premium) and this morning we’re at $153,234 (365%) and that averages 91.45% PER YEAR, which I keep saying is crazy and unsustainable but IT KEEPS GOING UP ANYWAY – who’d have thought?
We’re up $16,773 since our July 7th Review, when we were “only” pacing at 80.37%. Obviously, if we keep adding 10% per month – we’ll continue to pick up the pacing and I will once again caution not to expect that – because of math we will do later. We are SUPPOSED to make $2,326/week so $16,773 in a month is an outlier – but this is two outliers in a row and we fear a correction and need to plan for it!
Still, as I said last month:
“Everything is proceeding as I have foreseen… muhahahaha!!!“
I also said: “See, you don’t have to be the Dark Lord of the Sith to do this – it’s just math…” and it still is! If you CONTROL your portfolio and analyze each position and you KNOW how they should perform in a flat market or an up 20% or down 20% market – then you are not very likely to be surprised by the results, right?”
As noted in the title, our original plan, on August 25th of 2022, was to invest $700/Month in a no-margin portfolio and try to make at least 10% per year so that, in 30 years, we would have $1M. And yes, I was conservative and I expected we could do 20%, maybe 30% but 90% – no – this is silly!
Of course the markets have been a bit silly for the last 4 years with the S&P 500 almost doubling and, more importantly, we skipped all 3 dips by predicting them in advance – being prepared for them ahead of time AND taking advantage of them when they happened – THAT was a big reason we outperformed – that and our “Be the House – NOT the Gambler” system. This video is from 90 days ago:
Thanks to ONE great month, we’re now just 34 months from $1M – which is kind of strange as we only have $153,234 and that’s BECAUSE we can’t count on this continuing but I do keep saying that, over and over again:
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- How to Become a Millionaire by Investing $700 per Month – Part 47/360
- How to Become a Millionaire by Investing $700 per Month – Part 46/360
- How to Become a Millionaire by Investing $700 per Month – Part 45/360
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How to Become a Millionaire by Investing $700 per Month – Part 44/360
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How to Become a Millionaire by Investing $700 per Month – Part 43/360
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How to Become a Millionaire by Investing $700 per Month – Part 42/360
- How to Become a Millionaire by Investing $700 per Month – Part 41/360
- How to Become a Millionaire by Investing $700 per Month – Part 40/360
- How to Become a Millionaire by Investing $700 per Month – Part 39/360
- How to Become a Millionaire by Investing $700 per Month – Part 38/360
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How to Become a Millionaire by Investing $700 per Month – Part 37/360 – Year 4 Begins!
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How to Become a Millionaire by Investing $700 per Month – Part 36/360 – 3 Years In!
So I’m not going to say we can’t do it – as we’re doing it but I would caution new followers NOT to count on it – as we’re running a supernatural pace at the moment and we’re more invested (15% cash) than I like but up and up and up, Up, UP the market goes – where it stops, nobody knows….
As I said last month:
“We spent A LOT of money in the past month and we’re down to just $18,583 (13.6%) in CASH!!! and I’m not happy about that AT ALL – so I’m going into this review LOOKING to cash out anything that I don’t ABSOLUTELY want to own for the next 30 days:”
That hasn’t changed but in the last review, I couldn’t find much I didn’t like and it turns out I was right but I have the same attitude going into today’s review – I am VERY skeptical about being back at the market highs – again:
IN PROGRESS
