Empirical Interest
Two guys trying to build a 3rd party web app for Empire Avenue.
Wednesday, July 28, 2010
Wealth through sharing...
Wealth is not without sharing... in fact, the very act of sharing it, is the creation of wealth. It's why I find Empire Avenue quite facinating. It's not really a status of wealth, but rather, a thermostat of activity. The quality of contribution is left for debate, but the idea is there. I find that there is a lot of typical behaviour in trying to do what typically most do to trying to increase their worth... of course, that is not possible without sharing. Sharing of your wealth through investing in others. Sharing of your knowledge and thoughts through posting and replies. Even Empire Avenue does the same. It invests in you blindly when you sign up. It buys any shares you sell whatever the price. This is where I would like to see them be a little more realistic, but I see that they are actually trying to expand their site, not get people to act like they do in real life (hording)! Not to say everyone keeps to their own, but if we invested more freely in our own needs like we do when a newbie signs up from across the world... we would be sharing a lot more and not worrying about how much we have. For others will do the same for us...
Wednesday, July 14, 2010
Influencing your investments...
Today I bought 200 shares in CDELIA. Was an impromptu bias decision, she's my sister. Of course, I know her more than the average investor thus, I can say honestly, her stock will be worth the buy when it is low right now. That's Buffet style investing, knowing your investment really good. Visiting it, understanding it, recognizing potential and believing in their plan for growth... so I made a good investment today, but how do we get that from everyone else we decide to invest? Or is it not worth it? I guess it all depends how much fun you want to have here on EA rising your portfolio. Your next best bet than investing personally in a relationship in one of your investor is to actually encourage them. You could pick out your top potentials based on their high connections and low activity. This post is not meant to go into detail, but rather bring up interest in certain areas of this economical game. But you can be creative. Just letting them know how much you enjoyed a post, pic, etc. (of course don't lie) can change their course of online activity. But more importantly of all, helping do what they do love to do... which could backfire as I did for others when I left twitter... for the second time. Made me realize I rather focus on other things, like this!
Tuesday, July 13, 2010
EA Commodities?
An interesting site has come up to my attention worth noting. Commodity trading public tracking of portfolios. Like EA crossed with Facebook. I won’t review the site as the link below does, but did want to shine the spotlight on it for a bit since I used to be a commodity trader back in the early 2000’s. I did quite well until Orange Juice got the better of me (It’s not that I should have gone long on the contract, but that I moved my trailing stop. Big time no no. It was going to protect me and I unplugged it like BP’s oil spill). However, I am happy to say that I left the game with a small profit and tons of experience. What I didn’t know at the time despite my father’s warning of investing “indirectly” (for profit, rather than for results), was that the commodity market is a big time control network for the food industry (second link). Thus, I do not intend to touch that method of investing until there is accountability for the investment other than gain/loss profit. And this site I mentioned did an interesting job of putting together the trading and the profiling.
http://techcrunch.com/2010/07/12/etoro-who-doesnt-want-a-little-social-mixed-with-commodities-trading/
http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-how-goldman-gambled-on-starvation-2016088.html#mkcpgn=twstdwytk
http://techcrunch.com/2010/07/12/etoro-who-doesnt-want-a-little-social-mixed-with-commodities-trading/
http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-how-goldman-gambled-on-starvation-2016088.html#mkcpgn=twstdwytk
Friday, July 9, 2010
Don’t get stuck in the slow lane...
Many of us can begin to get comfortable to our stock price's range. Although many of my previous posts give low importance to this "number", EA makes it a point to fluctuate your stock price with your engaging activity online. So therefore, if you are active but you seem to be stuck in a certain range, like say 10e-15e/share, then ask yourself if that’s your real reflected value. If it is not, then signal and turn into the faster lanes. Find out what it takes to get to the next range and signal others you are about to make the move (holds you accountable and alerts those who speculate to buy)... of course, maintaining it requires that much more effort. So really, if you are like me... going after those precious dividends... you’ll just look at your portfolio and laugh (well maybe giggle silently) at all those who work so hard to drive up there stock price... and yet have little show for it. So if you are going to do it, make sure you put your hard effort to good investment use.
Thursday, July 8, 2010
Bridging the gap...
Interestingly enough, it is the gap in value that causes speculation and thus, activity. But activity in trading in itself is worthless in the real world. Results form it may influence what otherwise may not have been put into motion, but generally it is inefficient. What will help you close the gap, is putting a little research in your investments, be slow to buy and slow to sell. Be confident, but be open to learning from each trade. Because you are after value... if you want to increase your net worth. I’m used to watching my portfolio grow every day. My goal is not to just keep it growing, but to have it grow exponentially. Or how else are you ever going to catch up to JOSH? Bridge that gap by learning a little bit more every day about the system works. You'd be surprised how far that puts you ahead of everyone.
Wednesday, July 7, 2010
Confessions Of A Man On Pogie
I'm going to be very honest with you when I say this, I can't wait for the API to be updated. Not because I want to spend hours playing with it, well maybe just a little. Not because I'm curious to see what they're gonna add to it based on user feedback; another lie.
The truth is, I'm really lazy when it comes to investing or handling my own money. Even in my own personal life I'm lazy when it comes to figuring things out. Specifically related to EA though, I have a hard time finding something that I want to invest in. I've had at least 10k in E credit sitting in my account for the last few weeks. Built up from a combination of dividend returns as well as my own stock being sold.
That in itself was kind of daunting. I mean, one day I logged in and 50 shares were sold. Score! The next thing I knew, 150, 75, 50, 125, 150. WTF was going on? I hadn't seen sales in my stock for a while and only out of pity from people I actually knew. So to see my own stock sell to randoms was a little weird.
Then came the matter of actually having cash to play with. I think in the last few weeks I've only invested in one or two people. Sure it was a flat out purchase of 200 shares but they were of friends. Yup, I was subjecting my cash to what the likeliest denomination of mass purchase comes down to: relational understanding that you help a brother/sister out, even if their stock currently doesn't look like it's going to do so well.
And that's the heart of my problem, I know I can spend money cause I've got tons I just don't know where. I don't want to do the research, like Arturo over there, to figure out who my best dividend returner is going to be. Much less track all my stocks to see whether they're trending an upwards motion because they're actually worth value or downwards because of a lack of activity and discontinued connections.
What I want is, the app I have in my mind. I want it to pull all the data I'm expecting the API to provide. I want it to crunch all those little numbers. I want it to store the important, but not personal, data regarding historical changes for those users that fit the data model requested. I want it to be pretty. I want it to give me all the answers I want. I want it to tell me when to act and when to wait.
But until such a time, despite what Arturo says to me, I'm going to let my bank account accumulate through current investments only. Even though I know that in the long run that if I were to invest the money the returned dividend value should offset that amount at least by some marginal amount but that would require work to figure out and as we already know, I'm waiting.
When it comes down to it I think that for me this has become a numbers game in my head to figure out. I'm still having fun, just not playing well with others.
The truth is, I'm really lazy when it comes to investing or handling my own money. Even in my own personal life I'm lazy when it comes to figuring things out. Specifically related to EA though, I have a hard time finding something that I want to invest in. I've had at least 10k in E credit sitting in my account for the last few weeks. Built up from a combination of dividend returns as well as my own stock being sold.
That in itself was kind of daunting. I mean, one day I logged in and 50 shares were sold. Score! The next thing I knew, 150, 75, 50, 125, 150. WTF was going on? I hadn't seen sales in my stock for a while and only out of pity from people I actually knew. So to see my own stock sell to randoms was a little weird.
Then came the matter of actually having cash to play with. I think in the last few weeks I've only invested in one or two people. Sure it was a flat out purchase of 200 shares but they were of friends. Yup, I was subjecting my cash to what the likeliest denomination of mass purchase comes down to: relational understanding that you help a brother/sister out, even if their stock currently doesn't look like it's going to do so well.
And that's the heart of my problem, I know I can spend money cause I've got tons I just don't know where. I don't want to do the research, like Arturo over there, to figure out who my best dividend returner is going to be. Much less track all my stocks to see whether they're trending an upwards motion because they're actually worth value or downwards because of a lack of activity and discontinued connections.
What I want is, the app I have in my mind. I want it to pull all the data I'm expecting the API to provide. I want it to crunch all those little numbers. I want it to store the important, but not personal, data regarding historical changes for those users that fit the data model requested. I want it to be pretty. I want it to give me all the answers I want. I want it to tell me when to act and when to wait.
But until such a time, despite what Arturo says to me, I'm going to let my bank account accumulate through current investments only. Even though I know that in the long run that if I were to invest the money the returned dividend value should offset that amount at least by some marginal amount but that would require work to figure out and as we already know, I'm waiting.
When it comes down to it I think that for me this has become a numbers game in my head to figure out. I'm still having fun, just not playing well with others.
The mirage of stock prices...
As previously hinted in my last blog, stock prices are not really that important when it comes to long term wealth. In fact, as long as it remains active on the exchange and is one of the top dividend payouts around, stock prices should be irrelevant to you. Because if you don't intend to buy or sell, stock price has no difference to your true wealth. Buying low and selling high is fun... but not as much fun to me as logging in and seeing my spending account up again. So because I’m always buying (always investing), I am looking for a bargain... but never forgetting the cost of waiting as well, the dividend payout of an investment can surpass the difference of paying too much for a stock.
Besides, you are buying the stock to have a share in the dividend anyways, right? And if the dividends are really good, then you would not want to sell right?
Now there is a natural positive cycle with this theory which ads ammo to my peaceful consciousness... and that’s by the time your investment begins to pay lower dividends due to higher amounts of shareholders buying into the same person, the price of that stock naturally rises, leaving you with not only a profit on the capital, but all those great dividends you have been investing...
It’s all about the dividends... don’t let stock prices fool you.
Besides, you are buying the stock to have a share in the dividend anyways, right? And if the dividends are really good, then you would not want to sell right?
Now there is a natural positive cycle with this theory which ads ammo to my peaceful consciousness... and that’s by the time your investment begins to pay lower dividends due to higher amounts of shareholders buying into the same person, the price of that stock naturally rises, leaving you with not only a profit on the capital, but all those great dividends you have been investing...
It’s all about the dividends... don’t let stock prices fool you.
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