Tuesday, February 27, 2007

Millionaire Quest: Update on one of my investments

Greetings Folks!

I'm sorry I took so long to get back to you. Lots of things just managed to get in the way.

Anyhow, I mentioned in an entry a couple weeks ago, that I hoped to have some good news regarding one of the programs I'm in. Well I'm happy to report that I indeed do have the good news.

Remember I mentioned that when I first got sucked into the world of HYIPs, the first program I actually joined turned out to be legitimate? I also explained how they had a little set back, and so things were moving slowly. Ok, let me give you a clearer idea of what happened.

This particular HYIP (they actually don't like to be regarded as a HYIP btw), basically invests in various kinds of opportunities. I can't give much details, as that would violate the terms of agreement. But what I will say, is that one of their investment vehicles was a pre-IPO. That is, they got the opportunity to purchase shares of a company before the company actually went public (or got listed on the stock market).

The advantage to this kind of deal is they get to purchase at a very special low price. If the company is any good, the price is expected to go up significantly once it gets listed on the market. So naturally I was excited to be part of this opportunity.

I scrounged up some funds (this was back in late 2005), and directed it into this HYIP. The stock actually got listed on the market within a few months, which is really a short time frame for this sort of thing. Well the market must have realised that I was involved. For as soon as it went public, it only briefly went a bit higher than the price I was in for, but it quickly took a plunge only to get worse as the months went by. So this caused progress in this HYIP to slow down significantly.

Well, the good news is that over the last month and a half, the stock price has been climbing significantly. I am pleased to report that the value is now more than twice what I got in for. And supposedly, after next month, it is likely to escalate a lot more.

Now it still has a lot lot lot more to go before this one investment will give me any meaningful return. However, the HYIP itself is almost in a position to get the ball rolling again. This should contribute significantly to my millionaire quest.

Ok, that's all for now.

Wednesday, February 14, 2007

For The Girls: Priceless Education

Hello Girls.

As you know, I've been looking out for your best interest, and have gone out of my way in the past to help you in your quest to get the guy. Well, I came upon a valuable resource recently that I believe every girl should take note of. So it is with great delight that I present the following to you:

A Must For All Girls!

Now go put this lesson into practice.

Monday, February 12, 2007

Millionaire Quest: Progress Report

Good Day All.

As you know, I am attempting to make an extra $500 USD per month, outside of my regular salary. And as I said in my last entry, I'm for now focusing on adsense and hyips. So what I want to do here, is just give you an idea of how close I am to meeting this goal.

With adsense, I am not allowed to say how much I'm making from it, so I'm kinda restricted here. However, what I can say, is that the minimum required before I can actually request a cash-out, is $100, and at the rate I'm going, it could take several years before I see a dime from this income generating vehicle.

For the HYIP I referred to that I recently placed a small amount in, I happened to have gotten some positive news last week from the admin of the program. So as a result, I added some more funds to it. Still not as much I would want to, but if I am to deposit anymore, I will need to go through a longer and somewhat tedious process to transfer the money, as I don't have anymore money in my e-currency (e-gold) account now. So if I don't insert new funds into it, to get back my principal and start making $500 each month, should take me some months (probably 5 or 6). This is of course assuming the program doesn't crash prematurely.

Oh yes, one of the other programs I joined is now looking to show some positive results soon. Hopefully I can give a nice update on that later this week.

Aside from all the above, I have ideas. I'm always coming up with ideas, and I think I have some good ones in store. I have to put some more time into building up my adsense revenue (ie. increasing traffic to my sites) before I start pursuing these other ideas though.

So overall, things are looking really nice. I can say I'm on my way in my quest to becoming a millionaire. Might be a little too early though to say well on my way. But it's still some progress, I think.

Tuesday, February 6, 2007

Millionaire Quest: First Targets

Good Day All.

I apologise for the break in transmission. As I partly explained in my last post, I was quite preoccupied.

Well now I have time to once again focus on this quest of mine to become a millionaire. So far I've recounted various attempts I have already made, which turned out to be quite a mess. As you can see, I have not given up. What I want to do now, is to start setting targets, and iterate the methods I'm currently thinking of, to get where I intend to.

Ok, so bearing in mind my mishaps of the past, I decided to start with a modest goal. For now, I will endeavor to make a monthly salary of $500 USD in addition to what I get from my regular job. Once I can do this, and sustain it, then I will step things up a notch. Yes, I know, a far cry from the first million, but it is a start.

Now, let me make it clear, that I fully intend to make my extra cash, mainly through internet projects, if not entirely. For now, I'll be focusing on these two areas:

1. Google Adsense
2. High Yield Investment Programs (HYIPs)

For the first, I have already created a few sites with adsense, but they have almost 0 traffic so far. In case you don't know, to really make money from adsense, you need to have a lot of traffic to your website. But I will be taking care of that obstacle in due course.

For the second, I will be proceeding extremely cautiously. I mentioned in a recent post, that I joined one that should pay close to 60% per month. We'll see how that works out. I might even consider adding some extra cash to it. Also, from my dabbling in these things over the last year and half, I still have hopes of some programs coming through. So if any of them do happen to do something exciting, I will let you know.

Ok, that's all for now. I had other things I wanted to mention here, but I will save such for a future post. Keep checking to see my progress. I intend to give a report on that soon.