{"id":3884,"date":"2018-01-03T14:26:19","date_gmt":"2018-01-03T19:26:19","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3884"},"modified":"2018-01-04T10:08:57","modified_gmt":"2018-01-04T15:08:57","slug":"was-my-2017-challenge-crazy","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3884","title":{"rendered":"Was My “2017 Challenge” Crazy?"},"content":{"rendered":"

Before we start my report of my 2017 results and how I did to live up to my “2017 Challenge,” please take a look at my “2017 Challenge<\/span><\/a>” page. My 2017 Challenge was a detailed list of particulars which ends with my goals for the entire year of 2017. My 2017 Challenge page was part of Main Street beats Wall Street<\/strong> the entire year. I spoke about my 2017 Challenge since the beginning of the year. It took me a little while to complete the page and I first posted about the challenge on February 10th, 2017<\/span><\/a>. In this post I had a link to my challenge, check it out by hitting the link (February 10th, 2017<\/span><\/a>).<\/p>\n

I started 2017 with $110,000 in my trading account. I wanted my account to make $3000 a week. I wanted to withdraw $42,000 for the year as a salary. All other money made would stay in my account. I had a little problem with U.S. Steel (X) in the early part of the year and I only ended up taking $38,000 not $42,000. (I had 3000 shares of X, it took a big dip but came back up and I got out making $1200). My monthly withdrawals was, Jan $2000, Feb $2000, Mar $2000, Apr $3000, May $3000, Jun $3000, Jul $3000, Aug $4000, Sept $4000, Oct $4000, Nov $4000 & Dec $4000.<\/p>\n

In my 2017 Challenge I predicted an account balance of $223,960 at the end of 2017. The 1st thing that changed my account balance is I started a “Gift Account.” This gift account I set up to gift shares of stock to my younger family members, nieces, nephews and grandchildren. I bought stock with profits from my trading account and transferred the shares to a different account. These shares will be given to the kids as gifts on special occasions, birthdays, Christmas, graduations etc. Below is a snapshot of the account value. This money would be in my trading account if I didn’t remove it.<\/p>\n

Gift Account value<\/span>\"\"<\/a><\/p>\n

Another thing that affected my year ending closing balance was stock holdings that were below where I bought. On the last day of the year RH was down about $16.58. On 2000 shares thats $33,160. AMD was down $4.20. On 2000 shares thats $8400. And MU was down $7.44 for $7440 on 1000 shares. Thats a total of $49,000 on stock I’m still holding. All 3 stock are moving nicely the first 2 days of 2018 and I think they’ll be back up to my buy-in price soon.<\/p>\n

After all commission fees were paid and my salary withdrawals were taken ($38,000), I predicted my account would be $223,960 on the last day of 2017. You must remember my gift account amount of $25,361 is not in my closing balance. And my stock holdings are down $49,000 but I still own them. Here’s a snap shot of my closing balance for 2017 from my statement page of my brokerage account.<\/p>\n

Closing Balance 2017<\/span>\"\"<\/a><\/p>\n

Remember all my monthly withdrawals are out of this ending value. Also, all fees and commissions are out of this number. If I left the gift account amount in my trading account it would be $25,361 more to $176,487.99.<\/p>\n

When calculating my closing balance in the beginning of the year I did not account for my stock holdings to be down $49,000. If my stocks were not down that amount, which they are, my prediction would be pretty close. If you add the $49,000 to the balance of my trading account and my gift account ($176,487.99) the total would be $225,487.99. I predicted $223,960. Once my stock holdings are back to where I purchased, my prediction is off by $1527. Yes, my stocks are down but they are moving nicely so far. As I write RH is at $91 (closed 2017 at $86.20). AMD is at $11.98 (closed 2017 at $10.26) and MU is at $45 (closed 2017 at $40.95). With the stock movement in 2 days my account is up $15,000 for 2018. Let’s hope the “Trump Train” can continue well into 2018.<\/p>\n

 <\/p>\n

Well, that’s my report on how my 2017 Challenge worked. With my stock holdings being down it messed with my plan a bit, however, I’m very happy with my 2017. Watch for my 2018 post. I don’t think I get a 2018 Challenge done but if I can match 2017 I’ll be happy. I took a lot of money out of my account to do other things like cryptocurrency. I brought my account down to $95,000 to start 2018. I’m gonna lower my monthly withdrawal to $3000 to start the year and bring it back to $4000 as my account goes back up. 2 days in my account is already up to the $110,000 area. I brought my account down because as I get older my risk tolerance is going down. If you are younger you might want to keep your account higher. I figured why do I have to play with a larger account? If I can still take 3 grand a month and have the account grow again, that’s all I need.<\/p>\n

With the market moving you might notice me making less options trades. I am an options seller, not a buyer. So I am looking for my holdings to return up a bit before I start sell options again. 2018 might start a little slower that 2017.<\/p>\n

Please send me comments on my results and any questions you might have. I like to know you’re still out there.<\/p>\n

Happy New Year<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Before we start my report of my 2017 results and how I did to live up to my “2017 Challenge,” please take a look at my “2017 Challenge” page. My 2017 Challenge was a detailed list of particulars which ends with my goals for the entire year of 2017. My 2017 Challenge page was part […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-3884","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-10E","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3884"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3884\/revisions"}],"predecessor-version":[{"id":3888,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3884\/revisions\/3888"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}