{"id":12856738,"date":"2026-02-03T08:40:13","date_gmt":"2026-02-03T13:40:13","guid":{"rendered":"https:\/\/www.philstockworld.com\/?p=12856738"},"modified":"2026-02-03T12:55:42","modified_gmt":"2026-02-03T17:55:42","slug":"how-to-become-a-millionaire-by-investing-700-per-month-part-42-360","status":"publish","type":"post","link":"https:\/\/www.philstockworld.com\/2026\/02\/03\/how-to-become-a-millionaire-by-investing-700-per-month-part-42-360\/","title":{"rendered":"How to Become a Millionaire by Investing $700 per Month \u2013 Part 42\/360"},"content":{"rendered":"

\"\"$93,196<\/strong> (up 217%)!<\/strong>\u00a0\u00a0<\/p>\n

“Only<\/em>” up $3,409 <\/strong>(3.7%) since our last review <\/strong>(Jan 6th) but the S&P was 6,944 then and now 6,976 so up 0.46% – I’d say we’re doing well! Also, we added a few trades and, because of the bid\/ask spreads, you always seem to lose money when you first add an options spread – you have to get used to that aspect of trading. In any case, we’re still averaging an average annual gain of 62% so we only need 4.6 more years to get to our $1 MILLION goal.\u00a0\u00a0<\/strong><\/p>\n

That means folks, you can still start now with $96,196 and pledge to add $700 each month for the next 55 months ($38,500) and, if we can keep up this pace – you will have $1,037,334.21 by September of 2030! NOT that we expect to keep doing this well – these have been a crazy first 3.5 years as we’ve turned $29,400 into $93,196 – our original plan was to make just 10% a year for 30 years to get to $1M…<\/p>\n

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If you are just joining us, we began on Aug 25th, 2022 with $700 and each month we added $700 ($29,400) so far and each month we find things to buy under NO MARGIN rules (for 401K\/IRA players). This is, despite the huge gains, a fairly conservative portfolio and we are generally quick to take our profits and run \u2013 as we always seem to find new opportunities to make more.\u00a0 Last year, our 12 prior Portfolio Reviews were:<\/p>\n