Monday, December 31, 2007

Step 19 - Last post in 2007

This is my last post in 2007. This year I started My Doubling Adventure back in January. Soon it will be 1st anniversary of this project. I'm satisfied with the progress. Hope 2008 will be even better than 2007. I made some nice investments that have potential to build net worth of this project considerably. But we will see as high yield goes with high risk.

Anyway my last addition to portfolio is investment in one Private Investment Program that deals with stock options trading. I have high hopes for this investment.

Here is the current balance sheet for My Doubling Adventure, the last one in 2007.

Assets


Cash 1,718.16
Money market fund 14,038.23
Forex trading account 9,900.96
Online investment program 438.50
Private investment program 4,982.97


Total assets 31,078.83




Liabilities


Credit card balance 15,468.61


Total liabilities 15,468.61




Net worth 15,610.22


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Sunday, December 30, 2007

Step 19 - Quick update

Here is just a quick update on the current state of my doubling Net Worth. Although there is no much changes since last update, Net Worth went down. The main reason for this is the lower value of USD, and significant part of my Doubling Assets are denominated in USD. I expect that when trading takes off at the beginning of January eventual profits from forex trading will offset the negative effect of weakening US dollar.


Assets


Cash 1,584.71
Money market fund 14,035.76
Forex trading account 9,905.90
Online investment program 425.43
Personal loan 110.00


Total assets 26,061.79




Liabilities


Credit card balance 10,212.48


Total liabilities 10,212.48




Net worth 15,849.32


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Tuesday, December 25, 2007

Step 19 - Progress report

Here is a quick update on the current state of My Doubling Adventure's progress. Loss that I reported in my last post is almost completely recovered. There will be no trading during the holidays so further results are to be expected in January. I invested small amount of my cash in one online high yield / high risk investment. Will see how it will end up. There is a very high chance of losing complete investment, but return is rather high so I consider it to be worth taking a risk for small amount of overall wealth of this project.

I'm thinking to add more to my forex trading account or to one another online high yield investment. Will think about it and make a decision in a next few days.

Current balance sheet for My Doubling Adventure Project....


Assets


Cash 1,681.56
Money market fund 14,023.80
Forex trading account 10,090.01
Online investment program 406.25


Total assets 26,201.62




Liabilities


Credit card balance 10,190.59


Total liabilities 10,190.59




Net worth 16,011.02


.

Thursday, December 20, 2007

Step 19 - Forex trading continues

Currently, my forex account has a small drawdown of 3.41%. This includes both closed positions and still floating positions.

Cash reserves increased mainly due to doubling income tax. I was thinking to add more to my forex trading account, but maybe I will try to find some other investment or business opportunity. Will decide in the near future.


Assets


Cash 1,586.93
Money market fund 14,000.00
Forex trading account 9,792.40


Total assets 25,379.34




Liabilities


Credit card balance 10,172.79


Total liabilities 10,172.79




Net worth 15,206.55


.

Sunday, December 9, 2007

Step 19 - Forex trading

Here is a quick update of My Doubling Adventure balance sheet...


Assets


Cash 562.39
Money market fund 14,000.00
Forex trading account 9,839.38


Total assets 24,401.77




Liabilities


Credit card balance 10,003.85


Total liabilities 10,003.85




Net worth 14,397.93


I will probably add more to my forex trading account, but not sure yet. Will decide in the next week or two.