From $2000 to $30,000. How I Grew My Daughter’s Trust Account.

Introduction

Welcome back. In this issue you’ll get a little background on yours truly, and how the challenges of my past has impacted my daughter’s future. We’ll also look into what I’ve been doing with the “100 Bagger” information that I introduced to you guys last week.

Weekly Stock Picks: $ATEN, $BBSI, $BYRN, $CASH, $HCI, $LEU, $LINC, $NEXN, $NTB, $SEZL, $SII, $STEW, $TPB, $WLDN, $WMK

Each of these tickers were generated using my latest 100 Baggers TradingView screener updates. I additionally looked at the charts and manually looked for increasing quarterly and annual ROE (Return On Equity) numbers, and removed commodities that are cyclical.

I bought a small amount of each one of these last Tuesday for my own portfolio. They are collectively up 2.81% as a write, while $SPY is up 0.46%. For more information about the 100 Baggers screener, check out the last issue, “100 Baggers Performance”.

How I Grew My Daughter’s Trust Account from $2000 to $30,000+

When I was growing up, no one taught me anything about personal finance. As soon as I got into college, I got a credit card. I got married and had a kid - while still in college. I graduated, got a job, then left it because I found out that my boss was a card-carrying member of the triple K’s. He was demoted after I left. I got divorced (no income = no marriage). I was in debt. And, if not for the generosity of my two brothers, I would have been homeless.

Eventually, I would get a job at Charles Schwab and start learning about investing, the stock market, 401k matching, and the importance of credit scores. I paid a service to clean up my credit score for $1000, and eventually was able to buy a home with an interest rate that effectively paid for the credit score cleanup 50 to 100 times over in terms of mortgage interest saved.

These lessons are something that I didn’t want my daughter to have to learn the hard way. By the time she was six, her piggy bank had accumulated about $2000 in birthday and Christmas gifts from family. We took that money, and put it into an account at Charles Schwab, and I explained to her what we were doing with it.

By that time, I had some first-hand experience mining bitcoin, and a new ETF had just come out - $GBTC. So, we were definitely getting her exposed to some of that. It’s now up 2080%.

As a graduate in mechanical engineering, I knew the significance of Tesla’s Model S winning almost every car of the year award in 2011. Their Supercharger network was just starting to blanket the nation, and the Model 3 had just been released. So, we added some of that too. It’s up 682%.

A good friend used to tell me about how reliable his call options on $NVDA were. I used to work at a startup called Gamers.com, so I knew the potential direction of any company that could dominate the gaming market, which is what Nvidia’s video cards and video processors were doing at the time. We added that too. It’s up 3137%.

At the time that we entered into those positions, the charts of each of those stocks had relatively consistent upward trajectories. Last year, in the summer of 2024, my daughter received a $1000 gift, so we added $DUOL. She uses Duolingo daily to learn Spanish, and thought it would be a good one to add. It’s up 169%

In all fairness, we also added some $ETSY, which at the time, was outpacing $AMZN in terms of adding new users. Also, we all liked the cottage industry crafts that they had. However, since then, “they’ve become more like a dollar store” according to my wife. Etsy has been pretty flat - for years. It’s down -7.7%.

With another round of Christmas and Birthday gifts, I bought her one share of $CNSWF (Constellation Software) stock this past winter. An investment that is highly regarded in the interviews of the author of the book “100 Baggers - Stocks That Return 100-to-1 And How To Find Them”, Chris Mayer. Its 10 year chart looks amazing. It’s currently down -0.48% after a few weeks.

The great success of her portfolio can’t just be attributed to picking great stocks, though. In all honesty, picking any highly influential company in 2017 could have netted a big gain. Google. Facebook. Apple. Amazon. All did pretty good, and anyone could have won big, provided they did two things. First, participate in the market in the first place, and second, leaving the stocks alone after they were bought. 

If you don’t participate, you can’t win. Doing nothing is not an option. And, with frequent stock turnover, you run into capital gains taxes and trading fees. For my daughter’s account, both of those have been virtually zero. 

My hope is that she’ll understand this stuff a lot earlier than I did, and be able to capitalize on this knowledge throughout her adult life. Whether that will happen or not remains to be seen. But, at the very least, she’ll start out better than I did.

More Resources

Free TradingView indicators you can use right now in your account. Don’t have a TradingView account. Click this link to get one.

• Magic Order Blocks [MW] https://www.tradingview.com/script/mC37KVoz-Magic-Order-Blocks-MW/

• QQQ and SPY Price Levels [MW] https://www.tradingview.com/script/uthqQCwb-QQQ-and-SPY-Price-Levels-MW/

• Magic Linear Regression Channel [MW] https://www.tradingview.com/script/qm2pmUW4-Magic-Linear-Regression-Channel-MW/

• ATR Bands (Keltner Channel), Wick and SRSI Signals [MW] https://www.tradingview.com/script/lH6Yze4x-ATR-Bands-Keltner-Channel-Wick-and-SRSI-Signals-MW/

• Bollinger Band Wick and SRSI Signals [MW] https://www.tradingview.com/script/cqTYgepJ-Bollinger-Band-Wick-and-SRSI-Signals-MW/

• Price and Volume Stochastic Divergence [MW] https://www.tradingview.com/script/jnsqx9W9-Price-and-Volume-Stochastic-Divergence-MW/

• Multi VWAP from Gaps [MW] https://www.tradingview.com/script/EqIgibII-Multi-VWAP-from-Gaps-MW/

• Multi VWAP [MW] https://www.tradingview.com/script/L8cxNVC7-Multi-VWAP-MW/

• MW Volume Impulse https://www.tradingview.com/script/c8A2cQb7-MW-Volume-Impulse/

PositionSizeCalculator.net - Don’t forget to size your positions based on the amount you are willing to risk.

The End

If you like this newsletter, let me know, and please share. If you don’t like it, please tell me why, and I’ll do my best to make it better. And remembre, if you have any questions, feel free to reach out to me on Reddit, X.com, TradingView, or Youtube. If for some reason you forget, you can always get those details from the footer at mwright.com