Sunday, January 8, 2012

First Purchase

Made my first purchase today, I still haven't completed the math (Lions first playoff game) but it was under $100. I've found a buyer and it has already been sold. The profit is small, and I won't have an exact figure until Monday, when I ship the item, but it should be around 50% or so. For those who don't follow sneakers, my first item was a Concord Jordan XI, this shoe was released on December 23rd and caused a huge riot everywhere. This particular shoe was returned for whatever reason, and picked up for under retail. Figures listed below *UPDATE COMING SOON*

Amount Paid:
Amount Sold After Fees/Shipping:
Total Profit: +$
Remaining Money

.... Why Not

If anyone has ever visited my blog, you could tell that I'm an indecisive person, who knows a little about a lot. No matter what you ask me I could give you my 2 cents. In the past I've invested money in several different places, some times I did well, and many of times I've lost it all. From stock market, to rare basketball cards, I've done it all. Never have I kept track of my earnings (or losses) though. I've decided to take a different approach this time.

I've taken $100 and decided to start an investment blog. This $100 is all I will ever have, and I'm going to post my every move HERE. Thing is these investments have no distinct category. It could be anything, anything I could flip for a profit.... I've already made my first purchase, but below is a little education.

A lot of people get "Investing" confused with buying high, and selling higher. Spending $10,000 to get $15,000 is a great move, but many of us don't have $10,000 to invest, at least not at my age. I've decided to play the percent game this time around, taking $100 and turning it into $200, is a far better profit gain then taking $10,000 and making $15,000, its also less risky. Its the beginning of January and my goal is to turn my $100, into $1,000... Small money but it's a huge gain, a 1000% gain.