My Million Challenge
Anne Marie and I decided that for our oldest son’s 16th birthday we wouldn’t buy him the usual gifts. Instead, we would open a broker account for him and fund it with $1,000 CAD on his behalf, and gift him a one-year membership to ComhlaTech.com.
This makes him the youngest member of ComhlaTech. His job now, is to take that $1,000 and turn it into $1,000,000 within 10 years. He is to do that by simply following the Prophetick Market Forecast system from ComhlaTech. And nothing else. No jiggery pokery. No Reddit trading or crypto. Just follow the system, and don’t touch the money.
Imagine the freedom that $1,000,000 when he’s 25, will give him. He can pay off any student debt he has and start turning that $1,000,000 into a viable income stream year in and year out. All started with $1,000. The time will pass anyway, so why not use it wisely!
He made his very first trade on June 11th, 2021, followed quickly by his second. At the time of this post, a month after he started, his $1,000 is already $1,264. (And his grandparents gave him $200 of birthday money to go in the account which we just deposited, so the account is at $1464…)
A 26% return already on money invested…so how did he do it?
I want to be careful how I put this out there, and anyone who knows Anne Marie will know that if I step out of line on this, she’ll have me for breakfast!
I designed the system; I understand and trust its outcomes and I fully believe that with this system a $1,000 account can reach $1,000,000 within 10 years. How?
Leverage.
It’s a scary word to most, and frankly, it should be. However, this scenario is not about putting a retirement account on the line, this is a 16-year-old young man that hopefully, in the natural order of things will have at least another 70 years on this earth to make back any loss he potentially incurs. He is also not starting with a large account, just the minimum required by the broker of $1000. So, there is $1000 on the line here – not a lifetime of savings from working 2 jobs for 40 years – I hope you can appreciate that there is a substantial difference, and that I am not, in any way, suggesting to anyone to use high leverage with larger accounts.
Of course, in my mind, I am comfortable conceptually that it is impossible for him to fail, such is the power of the Prophetick Market Forecast system at ComhlaTech. I just want to make sure that when I talk leverage, I am not encouraging people do what he is about to do where there are different circumstances. Each of you reading this must decide for yourself what you are able to handle it terms of risk. I have no knowledge of your personal situation and I am not licensed to advise you on it. This is simply me, telling you, what we are setting up for our son and telling him to move forward with.
So, here is the (very aggressive) plan (which could change but that is what this blog post will be about along the way too).
For now, the money will be traded exclusively with the QLD ETF that represents the Nasdaq 100 (2x Leverage ETF). In the broker account he will be using full available margin to trade this account so that we can grow it as aggressively as possible to take $1,000 and make it $1,000,000 in less than 10 years. I base that number on never having to put another penny in the account, but when Grandparents and friends start to get involved with ‘topping up’ the account, anything is possible!
I already know that making $1,000,000 with $1000 in 10 years is possible based on past results. I can assume that with this technique and leverage, making 50-200% per annum, it will take approximately 8-10 years to get there. If he adds birthday money or a portion of his paycheck in the future, it will just get there sooner.
My intention is to use this blog as a place to record the journey on a monthly basis. And I have 2 other kids that will get the same gift when they reach the same tender age. So, wish him luck, this is his “My Million Challenge”….and it has already begun.