Another new month!
DAY 24 UPDATE:
It's Tuesday, the First of March!
BLOG UPDATE: Tuesday, 01-Mar-2005 10:26 PM
Another two months gone already... However, during Jan/Feb I made lots of progress with the stock site I maintain and the stock picks did really well. The Apple options that I purchased were sold after about 40 days for a 200% and 450% gain.
Apple stock split at the end of Feb. and I didn't want to keep holding the options any longer.
Anyway, now the portfolio is getting rebuilt and you can see all the action at www.nextsuperstock.com.
In my other work, the new advertising and marketing program for the world's first global discount card got just about done. Next week I have to deliver it to the programmers to get the online part of the setup working. By the 4th of April I plan to have the network going.
All the work got going and I mostly completed the tasks I had in mind. There is one item that is languishing --THE 31-STEP Financial Success Plan Contest.
My only disappointment, if you can call it that, was that I was unable to advance the 31-Step Financial Success Plan a few more steps.
However, I feel that when I have the MAXSiMO Discount Card and it's marketing program up and going, I will have more than a product at hand to build the next few steps --perhaps get to STEP 19 or 20 with the aide of the sales generated by the network.
I'll soon find out. Just one more month to go...
I also had a thought about using some credit to build some steps. Wouldn't it be easy? Since banks and the brokerage will lend money on the spot, why not use my credit rating to get some funds together?
I had overruled on this a long time back. I even added a rule that I will not use any borrowed funds to do any of the steps. Then I extended that to not use any borrowed (margin) funds to build the brokerage account for the 31-STEP Financial Success Plan.
However, in that decision, I did make an error. If the markets -speaking of the DOW JONES Index, NASDAQ and NYSE are all moving nicely up the charts or for some reason are headed down, as they did between March 2001 and about March 2003, then the use of margin to build an investment account is warrented.
Volatile times are not good for margin, but predictable growth or retraction are O. K..
So, here's how it will work: Around STEP 18, 19 or 20 I'll move the funds to the brokerage account. When I do that I'll also enable a margin account that will take the "$1310.72 (x5)", "$2621.44 (x5)" or "$5242.88 (x5)" AND DOUBLE the available funds to purchase stocks. Since I will be using options heavily, I probably will not have 100% available at all times, but I will be able to double my original amount some of the time to buy stocks.
Let's say that I am able to deposit $2621.44 x5 (the X5 is the five instances of the doubling that I have created) and with the brokerage's help, I'll be able to make that $26,214.40.
That's $2621.44 x 5 x 2.
Trading on the above amount for a year can take me around STEP 24, but there are a lot of 'IFS' to that goal. It is possible and has been done, but it may also mean that I have 20% less of that amount after 6 months.
That leaves me with the last possibility when I get to move around STEP 18 to 20 --The business plan with maxsimo.com will be taking off and with those proceeds I can keep adding to the account at the brokerage.
Once I get things going, I see a lot of possibilities that can keep things growing. Looks like all of these actions, STEPS and work that I have done for several years are coming together at the right time.
As I look to end the update I realize that it's been 18 weeks of thoughts and not much action than picking up lose coins around the house. I hope that is not the case for two long and that dozens of minor decisions that I have made along the way will add up to one big step shortly.
Hope so... with that thought, hope you have a good month. I 'll be back here shortly. SAM!
