Sunday, December 12, 2010

Echo Equipment and Whispers from Wallstreet!




Two Guys and a Mower
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Since we last discussed my landscaping company...we've made so much progress on getting everything we need to really get started on next season! I spent an additional $1,600 on lawn equipment and around $200 on some marketing proofs. The progress we are making is truly incredible and I have to say I am quite invigorated about seeing what the results might be of all of this hard work a year from now!

In buying the equipment....I had two different brands to buy from. Each brand had its benefits but ultimately I decided that the best thing to do from a business perspective is to have some kind of uniformity. So we will be sporting Echo equipment this year. The Echo brand is really slick and looks really nice and professional. We bought the following equipment:

1. Two back pack blowers-$399 a piece
2. Two edgers- $219 a piece
3. One weedeater- $329
4. One honda mower- $400

All of the equipment listed above is commercial grade with 5 year warranty's! We are super stoked and have already mowed a yard and did a leaf job for a client with the new equipment!......and it's freaking DECEMBER! I sure do love Oklahoma! :)



Stock Market Update:
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Well let me tell you a thing or two about my week in the stock market. I was somewhat smart and dumb about all of my buys and sells this week. Last week I put $1,200 in my Scottrade account to invest with. I decided to start off the week with purchasing $1,200 dollars worth of the stock I mentioned to you last week....GRYO! I saw that it dipped to a low of .1277.....it was the lowest I'd seen it in a while so I thought it would only go up...my goal with it was to buy it at that rate and sell it at .18 by Friday.....well...things didn't exactly go as planned! :( I woke up the next day and saw that the stock had already dropped and I had lost several hundred dollars! I quickly freaked out and sold the stock thinking that the best thing to do would be rebound back into a better stock and try to recover the few hundred I lost. So I sold the stock and had just under $1,000 left from the initial $1,200. I invested the rest of it into a stock I've been watching for almost a year now called BIEL....and as expected it went up and I gained some of my money back! :) Everything seemed peachy keen until...............

.........................I went stupidly wrong! I'm hoping I will teach you all a very important lesson! I sold out of BIEL on a wim and followed a random email I got about a stock that was supposed to move big time (LBGE). I invested into it at .11 cents and bada bing bada boom...it's sitting at .07 right now.! ! ! I lost almost $500 dollars within hours of investing and I'm stuck in a pickle where if I sell out of it I'll just lose my money! !

So...Stock Market advice for today is don't invest into any stock you see advertised in a bulk email unless you have spent an adequate amount of time researching the pro's and con's of investing in the stock. There are several SEVERAL companies out there that are designed specifically to move the stock market. They send hundreds of thousands of emails out promoting a stock just because the company they are promoting paid them a large sum of money to do so. It is a requirement by federal law for the bulk email stock promoters to disclose to it's readers the amount of money they were compensated to promote the stock. If you ever get an email like the one I'm discussing today...read the fine print at the bottom and you will see.

Other then all of that...it's 4:54 on a Sunday Morning and I'm exhausted out of my mind. I hope you all are enjoying my little blog and I hope you guys are able to learn from successes and failures. For those of you who don't know...I have a goal of being a multi-millionaire. I know I am capable of doing this and it excites me to think about. I am accepting of the fact that I will lose lots of money along the way to having an overwhelmingly awesome amount of money :)


Take it easy and thanks for reading.

-Justin

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