Double To A Million - Step 19 - 2nd Year Anniversary or....

How To Double Your Way To A Million In 28 StepsThe Official Blog for the "My One Million Friends" Website

....a Typical DTAMP Major Setback in Progress.

As of August 2nd, 2008, DTAMP, (the Double To A Million Plan or How to drive yourself crazy without even trying) reached its 2nd year anniversary. I planned on putting up a blog on that day but times have been difficult and as you will see from the financial circumstances I was struggling with the outcome of some of the trades that the DTAMP money was in.

After wrestling with this dilemma for a long time (months and months), I decided to clear the board and take the losses on two of the largest trades I was in.

I am going into my third year of DTAMP on a sour and painful note. Although I am still able to hold on to my Step 19 level, the shame of the setback must be faced.

Here is the outcome of the two trades:

DTAMP Equities Plan Report:

(DMF = DTAMP Mutual Fund)

10/24/07 - Buy - 23.137 shares of DMF @ $31.92 p/s - Total $738.53
08/04/08 - Sold - 23.137 shares of DMF @ $22.67 p/s - Total $524.52
Total (-$214.01) - ($0.00) Fees = (-$214.01)Net Gain of (-27.97783)% in the Amount of (-$214.01)

(DMF2 = DTAMP Mutual Fund)

01/03/08 - Buy - 13.135 shares of DMF2 @ $22.59 p/s - Total $296.72
08/04/08 - Sold - 13.135 shares of DMF2 @ $19.32 p/s - Total $253.77
Total (-$42.95) - ($0.00) Fees = (-$42.95)Net Gain of (-14.47493)% in the Amount of (-$42.95)

Total loss of: $(-256.96)

Unfortunately, it will take time to heal from the wounds inflicted during 2008 and some bad decisions that I made. I am in the progress of pulling back and regrouping and studying things with a more critical eye. Setbacks like this can cause severe damage to the financial bottom line with a project as precarious as DTAMP.

Of course, if it was easy, everyone would do it.....but it is nearly impossible so why don't I give it a try. What was I thinking?

Present Stake: $1404.75

Motto: It is only "one" found penny.
Slogan: As Simple As Finding A Penny.

Regards,

Xinfinitum


This Doubling Blog is based upon the Doubling Plan "How to Double Your Way to a £Million in 28 Steps". It is an attempt to "Double Your Way to a Million" by going from one penny to one million dollars, starting from nothing. At the beginning you start by finding a penny and then double a penny until reaching $1,000,000.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan
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