Step 17 - part 2

Objective: 3,200.00 - 6,400.00 HRK

Yesterday I sent 300 USD from my doubling capital as an investment in one private business deal in Philippines. In Croatian kunas it was 1,639.59. Additionally, there was money transfer fee of 85.90 HRK, and I will count it as cost, not as an investment. So, 1,639.59 HRK changed it's status from Available Capital to Invested Capital, while 85.90 is regarded just as a cost, and my capital is decreased for that amount.

My casino investment finally showed up in my debit card statement, so I took out the amount from my doubling capital. It is 1091.70 HRK, and that amount also changed it's status from Available Capital to Invested Capital.

In total, now I have 3,236.42 HRK as Invested Capital and 305.15 as Available Capital, giving me the Total Capital of 3,541.57 HRK.

Available Capital: 305.15 HRK
Invested Capital: 3,236.42 HRK
Total Capital: 3,541.57 HRK

Step 17

Objective: 3,200.00 - 6,400.00 HRK

Since last post I made two new investments. I ordered 6 copies of my book and they are now in the process of printing. It cost me 227.63 HRK, so I will remove that amount from Available Capital and move it to Invested Capital. I also invested 100 GBP in new casino account. Since this cost still didn't showed up on my debit card balance statement, I didn't took out this amount from my doubling capital, so Available Capital remains unchanged same as Invested Capital. Once it shows on my debit card statement I will move appropriate amount from Available Capital to Invested Capital.

Tomorrow I will send 300 USD of my doubling capital via Western Union to Philippines as my investment in one private business deal.

Currently, I have 3,050.00 HRK in my Available Capital. Largest addition to my doubling capital was 250 HRK as part of the money I made from one data analysis freelance work.

Interestingly, I still pick up any coin I found anywhere. For example, this evening I found 0.10 HRK coin during the walk with my daughter and wife, and I picked it up and add it to my doubling capital almost with the same joy as in the beginning of My Doubling Adventure.

Available Capital: 3,050.00 HRK
Invested Capital: 505.13 HRK
Total Capital: 3,555.13 HRK

Step 16 - part 14

Objective: 1,600.00 - 3,200.00 HRK

I sold 3rd copy of my book. Also, received some donations, make some savings and after all transactions my current Available Capital is 2,952.63 HRK. After I sold last copy of my book Invested Capital is 277.50 HRK. Total Capital is 3,230.13 HRK, and that means I completed Step 16.

I got an email from casino where I played with my doubling capital. They will send me my 300.50 USD via bank draft as requested. I should receive bank draft in about 10-15 working days. Until I cash the bank draft I will count as that I have 277.50 HRK (50 USD) in Invested Capital (that is the amount I initially invested in this casino venture).

Now that I convert almost all of the Invested Capital back to cash or Available Capital it's time to start next investing cycle. After I make this post I will go to Lulu.com and order 6 copies of my book. After some thinking I decided to scale down my order from 10 copies to 6 copies. Also, I will open account at some other online casino and will deposit 100 GBP for 100 GBP bonus. Hope those new investments will also prove to be profitable as those I just completed.

I also decided to sell some of my books I acquire over the years. I will not sell books that are important to me, but those that just lay around and actually represent dead capital that I could use very well if I convert them in some form of live capital. Yesterday, I already post one of my books at one Croatian auction site and after some 30 minutes got first bid. Now I need to choose which books will I try to sell and post them all at the auction site. Hope to do that in the next few days.

Available Capital: 2,952.63 HRK
Invested Capital: 277.50 HRK
Total Capital: 3,230.13 HRK

Step 16: Completed!

Step 16 - part 13

Objective: 1,600.00 - 3,200.00 HRK

Since last post I manage to increase my Available Capital to 2,441.63 HRK. Invested Capital is still 318.07 HRK. I manage to find customer for 3rd copy of my book. Once I complete this transaction Invested Capital will go down for 40.57 HRK and Available Capital will go up for 75.00 HRK.

I also successfully completed my casino gambling venture. My final balance after I completed all wagering requirements was 300.50 USD which brings me profit of 250.50 USD. I requested withdrawal via bank draft, so there will be some additional costs connected with cashing out bank draft. But ROI is still quite remarkable. To reach that ROI I played both Roulette strategy and BlackJack strategy. I decided to play only BlackJack strategy in my future casino gambling ventures.

My further plans include investing in production of 10 additional copies of my book, investing in another casino gambling venture, and investing in private business project in Philippines. All those investments will leave me almost with zero in Available Capital, but that is OK as capital should be deployed in creation of surplus value.

Available Capital: 2,441.63 HRK
Invested Capital: 318.07 HRK
Total Capital: 2,759.70 HRK

Step 16 - part 12

Objective: 1,600.00 - 3,200.00 HRK

I sold two books since last post (well, one of that two books I purchase myself). Price per book is 75 HRK, so that brings 150 HRK to my doubling capital. I also added 135 HRK as doubling income tax. Additionally, there were different smaller amounts added to my doubling capital. My Available Capital is 2,437.48, and my Invested Capital is 318.07, which gives Total Capital of 2,755.55.

I plan to invest in printing of 10 more copies of my book. Also, I plan to invest $300 of my doubling capital in one private business project in Philippines. I invest in that project my non-doubling capital, so thought it could be nice to put some of my doubling capital in that deal.

My gambling venture is doing fine. Currently my balance at the casino is about $270. Not bad for $50 investment plus $100 casino bonus.

Available Capital: 2,437.48 HRK
Invested Capital: 318.07 HRK
Total Capital: 2,755.55 HRK

Step 16 - part 11

Objective: 1,600.00 - 3,200.00 HRK

Just got 3 copies of my book I ordered from Lulu.com. Everything is fine with the print and I will order additional copies. I'm pondering should I order 10 or 15 copies.

Now books are here I need to sell them and return my invested capital with profit. In this order my cost per book is 121.70 / 3 = 40.57 HRK. I will set the retail price at 75.00 HRK which will bring 34.43 HRK of profit per book, or almost 85% of ROI. But, it's still only a plan. I have to actually sell them.

My second currently running venture, roulette gambling venture, is also going pretty well. My current balance at the online casino is 238 USD (50 USD invested), and I still have to bet only about $200 before I reach wagering requirement. I hope nothing bad will happen in those last few bets I still have to play. If everything goes well this venture will also bring very, very nice ROI.

I didn't have any significant addition to my doubling capital. Currently, my Available Capital is 2,112.08 HRK, and Invested Capital is still the same, 399.20 HRK. That brings Total Capital at 2,511.28 HRK.

Available Capital: 2,112.08 HRK
Invested Capital: 399.20 HRK
Total Capital: 2,511.28 HRK

Step 16 - part 10

Objective: 1,600.00 - 3,200.00 HRK

Both of my investments made with debit cards finally showed up in my debit card statements and I decided to take the amount owed from my doubling capital. It is 121.70 HRK for printing 3 copies of my book, and 277.50 HRK for my gambling capital, for total of 399.20 HRK. This amount became my Invested Capital, still part of my Total Capital.

Since last post I added almost 300 HRK to my doubling capital from different sources. Largest amount, 141 HRK, is added as doubling income tax.

In total, my doubling capital is currently equal to 2,497.66 HRK.

Available Capital: 2,098.46 HRK
Invested Capital: 399.20 HRK
Total Capital: 2,497.66 HRK

Step 16 - part 9

Objective: 1,600.00 - 3,200.00 HRK

Since my last post I manage to increase my Doubling Capital to 2,204.00 HRK. Nice capital accumulation. It was mainly done by rounding up amounts I pay for various purchases, but it was also some money trading, savings, donations, paying interest when I borrow from my doubling capital. I even found 0.20 HRK coin. Actually, my wife picked it up, although we both notice the coin. I was a bit reluctant to pick it up because it was just near one coffee shop, but my wife was much braver and she took it without hesitation. :)

I also made another investment. Well, maybe someone wouldn't call it an investment, but I certainly look at it as an investment. What I did? I deposit $50 of my doubling capital at one online casino. I'm experimenting with one roulette system for awhile now, and decided to give it a try with my doubling capital. I already manage to blow up my balance once (not my doubling money), but since then I improve the system considerably (at least I think I improve it). I got $100 bonus money at the casino, so my current balance is $152. I start playing yesterday and still didn't blow it up. I play it very disciplined, following my system to the letter, and I use very strict money management with predefined stop loss points. Hope it will work out this time. My goal is to play until I complete wagering requirements for withdrawing bonus and winnings. I need to wager $2000 for $100 bonus.

Besides roulette strategy I currently play, I plan to apply one Black Jack strategy as well. Currently I run some tests for money management, stop loss points etc. Black Jack strategy will allow me to go for bonuses at casinos that don't count roulette bets for wagering requirement.

Since I use my debit card for depositing at casino I still didn't took out the money from my doubling stake. Will probably do that tonight or tomorrow, once I check on my debit card balance exact amount of kunas it cost me. Same goes for purchasing three copies of my haiku book. Once I take out the money out of my doubling stake I will update records of my doubling capital, by transferring some of it from Available Capital to Invested Capital.

Available Capital: 2,204.00 HRK
Invested Capital: 0.00 HRK
Total Capital: 2,204.00 HRK

New Doubling Terminology

I decided to change some of the terminology I use in my doubling project. Instead of Current Balance or Balance I will use the terms Capital, Total Capital, Available Capital and Invested Capital. Total Capital will be calculated as:

Total Capital = Available Capital + Invested Capital

Available Capital is part of the Total Capital that is in the form of money, so it is available for investment. Invested Capital is part of the Total Capital that is already invested in assets that have potential to produce profit.

The goal of My Doubling Adventure is to increase the Total Capital of the project. Each Step will be considered as completed when the Total Capital reach certain determined level. So for current Step (Step 16) the objective is to increase the Total Capital to 3,200 HRK.

By making described changes in terminology it becomes more clear that the essence of doubling in general is the accumulation of capital.

Some interesting facts about the accumulation of capital can be found in the Wikipedia's article "Capital accumulation". Here are some interesting excerpts from that article that very nicely explains the essence of the accumulation of capital:

"...capital accumulation may be the accumulation of production capital (industrial assets), or the accumulation of money capital (financial assets), or the accumulation of commodity capital (products, real estate etc. which can be traded)."

"...irrespective of whether the additional capital value (or surplus-value) happens to take the form of profit, interest, rent, or some kind of tax impost or royalty income, what drives the accumulation process is the perpetual search for more surplus-value, for added value as such."

"Although capital accumulation does not necessarily require production, ultimately the basis for it is value-adding production which makes net additions to the stock of wealth. Capital can accumulate by shifting the ownership of assets from one place to another, but ultimately the total stock of assets must increase."

"Capital accumulation does not necessarily require trade either, although capital presupposes trade, and the ability to exchange goods for money. The reason is that wealth can be amassed through illegal or legalized expropriation (robbery, plunder, theft, piracy, slavery, embezzlement, fraud and so on). However, a continuous and cumulative accumulation process always presupposes that capital ownership is secure."

Very insightful indeed.

So, currently the status of my doubling capital is as follows:

Available Capital: 2,150.70 HRK
Invested Capital: 0.00 HRK
Total Capital: 2,150.70 HRK

Step 16 - part 8

Objective: 1,600.00 - 3,200.00 HRK

Just a quick update about gold earring. I got 20.70 HRK for it from the goldsmith. That makes it as my biggest find so far in my doubling career. I think it is even biggest find ever. At least I can't recollect I ever found something of more value than this. But also, before I started my doubling project, I wasn't paying much attention on things that I can find on the street.

Anyway, that increased my doubling capital to 2,150.70 HRK.

I received an email from Lulu.com informing me that they sent me three copies of my book that I ordered few days ago. Hopefully I will receive them in 10-15 days. They will bring more profits to my doubling project, and if everything is OK with them I will order between 10 and 20 copies of the book. They should bring nice profit.

Available Capital: 2,150.70 HRK
Invested Capital: 0.00 HRK
Total Capital: 2,150.70 HRK

Step 16 - part 7

Objective: 1,600.00 - 3,200.00 HRK

Starting Balance: 2,071.75 HRK

My current doubling capital is 2,130.00 HRK. Still didn't visit goldsmith to sell gold earring that I found few days ago. I think it will be done tomorrow. Will report back how much I got for it.

Current Balance: 2,130.00 HRK

Step 16 - part 6

Objective: 1,600.00 - 3,200.00 HRK

Starting Balance: 2,030.00 HRK

I increased my doubling capital to 2,071.75 HRK. Mainly from rounding up, saving, receiving donations, asking friends to give me some pocket change (2 kunas), and I even found 0.55 HRK in the bar where I drop by with my friend from work.

Yesterday I found one gold earring during my walk through the neighborhood. It is first time in life I found some gold and it feel like I found some kind of treasure. There is certainly some kind of mystique and romance in finding gold. Anyway, I decided to sell it to the goldsmith and to add the money to my doubling stake. Will report how much did I get for earring.

I also have some news about my publishing venture. I collect quotes for printing my haiku book and it turned it will cost me about 20 kunas per book with 100 books printed, 2,000 kunas in total. Although I have that kind of capital in my doubling stake I decided not to invest in printing because I will have to sell lots of books just to return my invested capital. So, I went to the Lulu.com and check the figures there. Printing my book at Lulu.com will cost me about 5.31 USD or about 28.70 HRK kunas per copy, and I can choose to print any number of copies. When I add the cost of shipping it will cost me about 37 kunas per copy. So, I decided to go with Lulu.com. I already uploaded my file, choose the book cover design and everything. The whole process was completed in 15 minutes and my book is ready for printing. I already ordered 3 copies just to check if everything is OK with the book. I will sell them to myself.

Once I receive my proof copies and I make sure everything is OK with my book I will order 10 to 20 copies of book and sell them offline. Once I sell them I will order again if I see there is at least some market for it. With smaller invested capital I will faster recoup my invested capital. My plan is to set the retail price with 100% profit per copy of the book. So, in case of 37 kunas of cost I will set my retail price at 74 kunas. This could be nice and profitable deal. And the best of all this will be a nice learning experience in the economics of publishing. Hopefully this will give me more ideas for profitable publishing ventures, and may even lead to setting up a publishing company.

Current Balance: 2,071.75 HRK

Step 16 - part 5

Objective: 1,600.00 - 3,200.00 HRK

Starting Balance: 2,010.00 HRK

During the weekend I increased my doubling stake to 2,030 HRK. I borrowed twice from my doubling stake and pay it back with 20 HRK of interest. The best income of all, capital income. :)

Current Balance: 2,030.00 HRK

Step 16 - part 4

Objective: 1,600.00 - 3,200.00 HRK

Starting Balance: 1,973.00 HRK

First post for June. Just to update that my current doubling balance is increased to 2,010.00 HRK. I received 30 kunas as donation to my doubling project. Also, I saved 2 kunas today, 3 kunas added as result of rounding up, and earned 2 kunas by trading 8 kunas in coins for 10 kunas in paper money.

I selected 80 haiku poems for my publishing project. Still didn't find time to collect quotes for printing services. Hope I will have more time on Monday for that.

Current Balance: 2,010.00 HRK