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


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