I Crushed my Investing Goal for 2021, and the Result is Amazing

Every year I set financial goals for all of my different income streams. I’ve learned to keep them modest and attainable. In one single day, I met my entire year’s worth of goal profits from my stock investing portfolio.

For those of you that don’t know, I have several different investment portfolios that I fund with “fun money.” This is money that I’ve accrued from other income streams – not my salary. That goes directly into my retirement portfolios. I use these different investment accounts to play around with different investment strategies and to (hopefully) increase our net wealth along the way.

One of my principal investment streams is through OTC penny stocks. OTC’s are stocks just like you would find on the NYSE or Nasdaq, but they are much more volatile and usually less reputable companies. That has traditionally given penny stocks a bad name, and it’s for good reason. A lot of people have lost a lot of money on them.

However, there are still ways to profit off these stocks. I have made modest returns over the past few years, but my investing goal for 2021 was a simple $5,000. I figured that would be a good barometer to see if I was actually making progress on this stream since I’ve spent the past few years refining the actual trading strategy.

Here’s How I Met My Investing Goal

A few weeks ago I bought 20,000 shares of a penny stock that was priced at $0.025 for a total investment of $500. My typical goal for a return is 100% using the same strategy over and over. I set an alert in my brokerage app to notify me when the price reached that 100%. Just the other day, Bre and I were in the kitchen when that notification occurred. By the time I pulled out my phone, the price was breaking $0.25 a share. That’s right, instead of my 100% I was sitting at a cool 1000% return.

If you want to sound cool, you can refer to this kind of a return as a “ten bagger.” As in, a ten times return.

I then proceeded to close out my position and sold my 20,000 shares at $0.25, for a total of $5,000. And thus, I met my entire year’s investing goal for 2021 on a single day.

Here’s the Best Part

So I spent the past few days reveling in my accomplishment and deciding on a path to go from here. First of all, I need to save 36% for taxes since I have to pay income tax and capital gains tax. For easy calculations, I rounded this to 33%, or $1,500 (since $500 was from the initial investment, I’m keeping that in my brokerage).

Secondly, I paid off the remaining balance on the equipment that I bought for our crypto miner. Yes, a while back I built an Ethereum miner, which has been performing quite well. This is a huge hurdle to overcome as anything the miner earns now is profit. I can choose to reinvest those earnings on more equipment which would result in even more earnings (although I’ll be waiting until after August 4th).

Most importantly to me, I can now afford to hire an editor for Koda’s book! Just when I was losing hope of ever publishing this book that I spent a year writing, an opportunity has presented itself.

Yes, I could have saved up for it. But I felt all along that this publication was something that I was called to do. Therefore, I was confident that a path would emerge, and it did. I am now eagerly awaiting the edited manuscript so that I can publish this book and fulfill that mission.

Lastly, I reserved the remaining $1,000 in my brokerage to continue this investment strategy. This was my first “big profit,” and now that I have more capital to invest, the returns can be even greater.

I’m not going to get into the actual investment strategy in this post; I just wanted to share with you guys a little bit of wonderful news. However, if you’d like to hear more about it please let me know in the comments below.