Paul Meyer Buys Houses

hi. i’m back, after a long quiet break.

My family just left Hawaii. I have my life back again. Only 1 week feels like eternity. It felt like the longest week I’ve ever had in hawaii. The days seemed very long and tiresome. I enjoyed spending some time with my siblings, but it became cumbersome and annoying getting everyone to agree on things to do, eat, and see. I thought they would go along with my plans but I was very very wrong thinking I was going to get away with my ideas. I’d say 50% of time was just arguing with them. It was a relief dropping them off at the airport. It is funny growing up as the youngest child. No one ever listens to you and things really don’t change as you get older. I just feel belittled all the time and they just tell me I’m negative. Sometimes you wonder if you really know your family because by the time you got old enough to think for yourself they were out of your life so they just know you as a hell-wild child! So yeah. I love them, in some family type way. I can’t even agree with my mom on stocks. She is trading and studying worse then I am. She holds and carries around her Jim Cramers “Mad Money” book religiously. She also watches his show taking every advice and new stock personally. I have not seen her buy one option on a stock she has actually found herself or personally interested in.

My family has always been poor. It is everyones goal to be rich, ironically we are all still very poor. Are mindsets subconciously still keep saying “I can’t I can’t” instead of “I can achieve this”. Now educational wise my sisters have very high achieving degrees, but financially they still think like lower middle class kids.

It has always been a driven goal in my life to help these teenagers think rich. I want to help them believe they can obtain money if they plan according and start young. Financially by comparison even losing much of all or should I say 90% of all my profits in the stock market doing bad trades I still have much to show for and have done very well financially planning and obtaining my money goals. My next big goal is to buy an apartment building to create a larger cashflow and long-term investment to build more equity in.

I haven’t been blogging much about stocks because I’ve been losing bad. My recent plan is to start with a $1000 and work my way back up again. I think my gutt tells me to trade Calls on AAPL on dips. Looking at RIMM, AAPL will likely go much higher and I believe with release of its iPhone product the stock is going to jump much higher. The summer should be shakey. I’m also going to keep trading NTRI. I like it a lot and its story shows it will keep moving up.

I still have losing trades open worth basically $0. I could close them out, but since 80% is stock and not options I’m willing to just let it stay in its zero coma until it either bankruptcies and deletes itself or something happens with an unknown surprise. I really want to pay off my car. This is my number one goal. I have $22k still left on the loan. These would give me an extra $400 to invest/save for something else.

I will be going on patrol again soon hoping to play Rich Dad Poor Dad’s Cashflow with other coasties to boost thier IQ’s just a tad bit in real estate and maybe even help one get involved.

One response

  1. Greg

    Hey FN – nice to see you back! I’m still a total newbie to investing but I am trying to absorb as much info as possible and I find your blog helpful (and comforting since we both bought WTVI.PK at .02). Would you suggest any good books for a total beginner like me?

    June 12, 2007 at 6:01 pm

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