Transform Your Life with Midas Community

5 x 250 Challenge Overview

This challenge is aimed at putting to test, the lessons we have shared within the community on starting small, staying consistent and compounding our wins.

The requirements for participation is a willingness to

Invest a minimum of $5.00 on each of the next 250 business days in the year 2024 (This can be automated and can run all through the year)
Expose your mind to the wealth creation opportunities in the financial markets
Share your lessons with other members in the community (privacy preference would always be respected)

Basic Rules

Open a dedicated brokerage account with a stock brokerage platform as you deem fit.
Consult your professional advisors before going ahead to understand the nature of the risks involved and its suitability for your profile. Stock market investments carries risk and some or all of your funds may be lost.
On a monthly basis, you would have an opportunity to share your progress and if you consent, you can join a leaderboard to see how you are faring. (A separate sign-on and onboarding will be required to participate in the leadership board. All profiles will be anonymous).
See Frequently Asked Questions (FAQs) below for more details.

Disclaimer

Midas Community is not an investment club and it does not mobilize deposits or investment from members. We promote financial literacy and leverage communal experience and professional skills to build and grow wealth. Lessons shared on a general community forum cannot be taken as investment advice, and as such members are expected to seek professional investment guidance, as required and also conduct due diligence as appropriate.

Confirmation

I confirm that I have read the rules and I am comfortable with the potential level of risk I may be exposed to by partaking in this challenge.

I want to get started with the 5 x 250 Challenge

Frequently Asked Questions

Please send an email to info@midasbloom.com if you cannot find an answer to your question.

Why was this challenge set up?

This was setup in direct response to enquiries from members of the community on how they can practically build investment portfolios without having a large capital outlay. This challenge is aimed at showing that wealth can be built starting from where you are, at your pace, but with consistent and disciplined steps.

Is there a cost for being a part of the challenge?

There is no cost to being a part of this challenge. We also recommend to participants to consider commission-free brokerages (if available in your location) so as to accrue more value.

How is performance and progress tracked?

On a monthly basis, participants would be required to send in their numbers for the month. Total amount saved, gains / losses made. This will be inputed onto a leaderboard software and status will be communicated. Anonymous profile names will be chosen by each participant.

Is there a cost for being a member of Midas Community?

Midas community has two membership options: Basic & Premium Membership.

The Basic Membership is free, and it's our intention to always have it free. Our goal is to provide financial literacy and foster collaboration.

The Premium Membership doesn't have a fee at the moment, but premium services, which is basically one-on-one advisory can be accessed through our licensed finance professional partners. Pricing for this adviosry is only known after a complimentary discovery meeting with interested clients.

How do you handle confidentiality?