Investment Challenge Results! Charity! NOK!
# Investment Challenge Wrap Up
Most stocks I follow and trade up generating a profit.So why not put that talent to good use?
So ... Back in February I announced an investment challenge.
You, the community would pick a stock and I would work that stock to generate a profit.Then I would donate that profit to charity.
Here’s the announcement: [https://www.reddit.com/r/StockMarket/comments/lc00xp/investment\_challenge/](https://www.reddit.com/r/StockMarket/comments/lc00xp/investment_challenge/)
I did this to show people how important it is for diamond handed apes to actively manage their position. And also to generate some nice cash for charity. Win Win!
[u/DLane69](https://www.reddit.com/u/DLane69/)’s choice of stock was chosen. That user chose NOK.
I tried to post updates on the Nokia stock trades I made, but the information is hard to read, so for that I apologize. This posting will clear things up.
# Results
Without further adieu, here are the results of the investment challenge:
>Date of First Trade: 02/03/2021
>
>Date of Last Trade: 04/30/2021
>
>Options Trading Income: $1,281
>
>Stock Trading Loss: -$56.40
>
>Total Income: $1,224.60
>
>Taxes (about 20%): $244.92
>
>Total Investment Challenge Profit: $979.68
As you can see, the income from this particular series of trades came entirely from options income. This ended up being a pure options play. And there’s no shame in that game.
# Charity
User [u/DLane69](https://www.reddit.com/u/DLane69/) picked Operation Hope ([https://operationhope.org](https://operationhope.org/)). And after some serious due-diligence I am happy to announce that they will receive the profits from these trades! I even bought the book written by the founder and it looks like Operation Hope is doing some great things in the world. Financial management is a skill and Operation Hope’s mission is to help people build that skill. Here is a quote from their mission statement:
>“We equip young people and adults with the financial tools and education to secure a better future—coaching them through their personal aspirations and life’s challenges, and facilitating their journey to financial independence.”
I will be making an anonymous donation of $979.68.
Congratulations u/DLane69!
Congratulations Operation Hope!
https://www.reddit.com/r/StockMarket/comments/ofmlul/investment_challenge_results_charity_nok/
