How do you make a million dollars in the stock market?
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Start with two million!!
Original Starbucks Post
I moved this post to make way for my Starbucks Liquor Recipes Post.
Today was a pretty busy bussiness-day. I started out my morning with my daily stock research, followed by 3 hours of school. Immediately after class I jetted over to Morgan Stanley to meet with the head of the Austin branch. He graciously gave me a tour of the office and what they did there, and we talked stocks for quite some time.
I then spent some time with a friend talking about his business venture with 42-Below vodka. I then did a presentation for the University Investors Association about how to get started in stocks, and some of my personal picks which included: GE, PDCO, NWSB and FO.
Some interesting news concerning one of my stock holdings, Fortune Brands (FO), is their new line of Starbucks Liquor. They were testing it regionally, including here in Texas where I first tried it. IT IS AMAZING. I think it will easily take over Khalua as the most popular coffee-liquor.
Starbucks liquor rolled out nationally today, with Fortune Brands holding a big stake. Starbucks developed the liquor with Forutne Brands, and the distributor Future Brands, LLC (A company owned by Fortune Brands) will be the primary distributor. If the rest of the country agrees on how good Starbucks Liquor is, I think FO’s next earnings statement will look nice and green!
Quick Recipe:
–2 oz. Starbucks Liquor
–2 oz. milk
–Shake with ice and pour. Delicious!
–Blend with ice for a Frappuchino
Starbucks Liquor and Updates
Here are two of my favorite Starbucks Liquor Recipes:
Basic Starbucks Liquor Drink:
Ingredients: Starbucks Liquor and Milk.
Equipment: Shaker, shot glass, pouring glass.
–Step 1–
Get your supplies: Starbucks Liquor, milk, ice and a shaker. You will also need a shot glass and a pouring glass.
–Step 2–
Mix 1 part milk and 1 part Starbucks Liquor into a shaker. Add ice and shake.
–Step 3–
Slowly pour into glass.
–Step 4–
Enjoy!
Starbucks Liquor Frappuccino
Ingredients: Starbucks Liquor, Milk, Ice.
Equipment: Blender, shot glass, pouring glass.
–Step 1–
Put a handful of ice into the blender.
–Step 2–
Pour 2 parts Starbucks Liquor and 1 part milk in to the ice-filled blender.
–Step 3–
Blend until ice is broken up and blended.
–Step 4–
Pour into glass.
–Step 5–
Enjoy or decorate! You can add whipped cream, caramel or chocolate like Starbucks does. I chose to add some chocolate syrup in the shape of an “N”
Enjoy your drink!
-Nev
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New Article Published
The portfolio was up $105 today for a total of $9,234, bolstered mainly by some action in Dynegy (DYN). Their quarterly earnings will be coming soon, hopefully the reaction will be positive this time around!
I had another article published today in the Daily Texan newspaper, this time on young entrepreneurs. The article focuses on two entrepeneurial students at UT, the organization Texas Entrepreneurs, an entrepreneurial band and the founded of Alamo Drafthouse.
Have Blog, Lose Job?
I read this article in CNN about bloggers losing their jobs because they maintained blogs.
If you maintain a blog, leave your work out of it. Just a heads up for anyone with a job and blog!
Long Day
I will have spent 15 hours on campus today (Class + editing + work) with nothing to eat (I somehow forgot my wallet), and it’s days like these that make me lose focus of creating new business ideas. I need to make sure and still devote a little time everyday to finding new sources of income.
Today was very busy, some noteworthy points of the day:
–I woke up very sick, but I don’t let sickness slow me down. I sometimes work harder just to prove to myself I can beat the sickness. If I completely ignore the fact that I am coughing, sneezing and feel terrible…I do just fine.
–I have another article in the Daily Texan being published tommorrow. The topic will be Austin Entrepreneurs. I interviewed various UT students and organizations, and the founder of Alamo Drafthouse for the article. Spent a good amount of time writing and editing it today.
–My stock portfolio is up, with some earnings reports rolling around next week which should spice things up. The value of the portfolio was $9,129 at the end of the day.
–I saw a Mercedes CL 55 AMG sitting in a parking lot by my last class of the day. I had to stop and stare in awe. I love cars.
–Found out Texas Entrepreneurs will be doing an “Alamo Apprentice.” TE will be splitting up into groups and actually running the Downtown Alamo Drafthouse. The owner of the entire chain, Tim League will be acting as The Donald and firing people as necessary! Part of the revenue we collect will be donated to our organization. As part of the Texas Entrepreneurs I am really looking forward to this!
Rise and Shine
Although my earliest class is at 11:00am, I wake up every morning at 8:00am to watch the market opening at 8:30am. The previous night I highlight some stocks that will be reporting earnnings the next morning, then track their status when the market opens.
I do this because I am trying to get a feel for the market through different economies. By the time I am 30 I will have about 11 years of experience. From what I understand, you can have 50 years of experience and the market will still surprise you everyday. I guess that’s why it’s so fun!
Saturday Update
Today was somewhat financially unproductive. I really need to increase my income to meet my goal of making $11,000 by 4-31-2004. So far my income has only been from my online business and working. I most likely won’t be claiming too much money in stock as I am mostly holding long-term positions (Unless Syntel (SYNT) surprises me!)
Next week I am visiting the Morgan Stanley office in Austin, and on Thursday the University Investors Assocation has Blue Sage Capital speaking to us. I will also be publishing another article in the Daily Texan about entrepreneuring very soon.
As for now, it’s time to go out and have some fun in Austin!
Spending Money Disappearing
Three days ago I had $138 in my spending account, now I have $44! Since it’s my last semester here at UT, I have been going out to nicer places in Austin which also tend to cost more. I used to survive on $60 a month!
I believe in spending money, it drives the economy, but I also believe in spending within your means. Any money you bring in should first be subjected to a swipe off the top which goes straight to your savings, the rest you can spend.
My personal system for distributing income is currently:
- %40 – Permanent Savings
- %40 – Investment Account
- %20 – Spending Account
With Bank of America I have automatic transfers that put the following amounts in my accounts each week:
- Spending Account – $10
- Investment Account – $60
- Permanent Savings – $40
This all adds up to a decent amount of money every month, but it won’t be near enough for the real world in a few months! I will be opening up two more accounts very soon, so I need to redistribute my incoming money plan.
Syntel Going Up?
Syntel (SYNT) has recently been showing a lot of positive volatility lately. Earnnings are scheduled to come out Feb 23rd at 9:00am Central.
The last time I watched Syntel report earnnings I was caught off gaurd by a sudden 25% increase in stock price! I am hoping that will happen again. If I find a good spike in price, I will be selling Syntel as it is not a longterm holding. I think the company will do great in the longterm but it is too volatile and unpredictable for me at the moment.
Check out the 5 year chart. Think the trend can continue for SYNT?
Also, The Kirk Report mentioned me here today. Part of my article on business blogging features the The Kirk Report. As for now, I have to go to a Texas Entrepreneurs ice breaker in Downtown. Ciao!