Vegas, Wallet, BIDU, Money Update
My planned Vegas Gambling Experiment never reached fruition because the night of my birthday I lost my wallet.
I've since cancelled and renewed everything in there, but the lack of credit/debit cards left me powerless to purchase anything...so I only had $400 in cash for the trip after that point. This means blowing $200 on gambling wasn't an option.
On another note, I did make approx $120 from Vegas, but probably because I'm an extremely boring gambler. I'd put a dollar in a machine whenever I would walk by the gaming floors at different casinos, spin a few times, and the second I double my dollar, I'd cash out. This actually happened A LOT. I swear these slot machines felt like free ATM's. I'd put in a dollar, get $2....put in a dollar, get $6......put in a dollar, get $15...
Of course I lost sometimes also, but little by little the winnings added up to a decent amount. Odds are if you gamble with your winnings, you will lose them...so unless you get great pleasure out of casino gambling (which I don't) then it's pointless.
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As for my lost wallet, it seems someone found it, charged $70 of gas on the credit card, got their other car and charged an additional $40 of gas.
Nothing else was charged. It seems an otherwise honest person, found the wallet and took advantage of an easy situation. I'm sure they also enjoyed the $70 of cash inside. Perhaps they could use some of that cash to at least ship back the wallet.
My business cards which have my websites were also in the wallet...so whoever found my wallet might be reading this right now.
Enjoy the free gas!
--------------------------
I paid for my Vegas trip from the Spending1 and Spending2 accounts.
--Ticket = $300
--My share of Hotel + Internet charges = $140
--Cash spent = $500
--Total Spent = $940
--------------------------
I sold my first stock in I don't know how long. It was Baidu (BIDU). It was kind of an impulse purchase I made a while ago after reading TheKirkReport one day. I put $1,000 on it, and a little later it went down 75%. Instead of being rational and quickly selling this very speculative stock I knew nothing about, I held it and haven't checked it for a very long time. I saw I was recently up 25% and decided to get out. $230 pocketed after fees. Dumb luck, as I knew absolutely nothing about the stock.
--------------------------
General Account - $ 4,731
Spending Account - $ 87
Spending Account 2 - $ 42
Investment Account - $ 3,704
Bill Account - $ 739
Permanent Savings - $ 4,891
Charity Account - $ 318
Stock Portfolio Value - $ 11,227
Roth IRA - $ 6,912
Emigrant Direct - $ 5,020
Total Liquid Assets - $ 37,671
Credit Card Balance - $ 0
Business Holding - $ 6,645
Total On Hand - $ 44,316
I've since cancelled and renewed everything in there, but the lack of credit/debit cards left me powerless to purchase anything...so I only had $400 in cash for the trip after that point. This means blowing $200 on gambling wasn't an option.
On another note, I did make approx $120 from Vegas, but probably because I'm an extremely boring gambler. I'd put a dollar in a machine whenever I would walk by the gaming floors at different casinos, spin a few times, and the second I double my dollar, I'd cash out. This actually happened A LOT. I swear these slot machines felt like free ATM's. I'd put in a dollar, get $2....put in a dollar, get $6......put in a dollar, get $15...
Of course I lost sometimes also, but little by little the winnings added up to a decent amount. Odds are if you gamble with your winnings, you will lose them...so unless you get great pleasure out of casino gambling (which I don't) then it's pointless.
--------------------------
As for my lost wallet, it seems someone found it, charged $70 of gas on the credit card, got their other car and charged an additional $40 of gas.
Nothing else was charged. It seems an otherwise honest person, found the wallet and took advantage of an easy situation. I'm sure they also enjoyed the $70 of cash inside. Perhaps they could use some of that cash to at least ship back the wallet.
My business cards which have my websites were also in the wallet...so whoever found my wallet might be reading this right now.
Enjoy the free gas!
--------------------------
I paid for my Vegas trip from the Spending1 and Spending2 accounts.
--Ticket = $300
--My share of Hotel + Internet charges = $140
--Cash spent = $500
--Total Spent = $940
--------------------------
I sold my first stock in I don't know how long. It was Baidu (BIDU). It was kind of an impulse purchase I made a while ago after reading TheKirkReport one day. I put $1,000 on it, and a little later it went down 75%. Instead of being rational and quickly selling this very speculative stock I knew nothing about, I held it and haven't checked it for a very long time. I saw I was recently up 25% and decided to get out. $230 pocketed after fees. Dumb luck, as I knew absolutely nothing about the stock.
--------------------------
General Account - $ 4,731
Spending Account - $ 87
Spending Account 2 - $ 42
Investment Account - $ 3,704
Bill Account - $ 739
Permanent Savings - $ 4,891
Charity Account - $ 318
Stock Portfolio Value - $ 11,227
Roth IRA - $ 6,912
Emigrant Direct - $ 5,020
Total Liquid Assets - $ 37,671
Credit Card Balance - $ 0
Business Holding - $ 6,645
Total On Hand - $ 44,316
posted by Neville @ 1:03 AM
17 comments
17 Comments:
hmm....
Just want a little clarification... so the stock fell 75% then rose 25%... was that $230 profit or was it the remains of your initial $1000 investment?
At least you didn't lose out gambling...
Now that's optimism if I've ever seen it!
1st Question: Shit happens.
2nd Question: My purchase rose to $1,250.
-Nev
The all-time high is $130.
There was never a period where it dropped by 75%. Did you mean that it dropped to 75% of it's original value? That is what happened in August.
Um, an "otherwise honest person?" Are you nuts? Someone stole over $100 of your money (including cash and credit) and you've decided that apart from this little blip in their moral character, they must be honest? ;-)
First you don't want to lose your wallet there and you will likely get in more trouble in a foreign country then Here.
Great blog....So your going to India Huh...
Are you going for PROTO.
Keep it up and try to stay out of trouble
What you think?
Came onto this website by complete accident - I think I was looking for cars in Dubai? Anyway, just to say I enjoyed reading your blog. I too have done a number of crazy stuff over the years - but its paid off (so far). So wish you the very best - but a word of advice, irrespective of how much u love (and want) money, its sometimes better to keep those thoughts to yourself... else ppl might not take you too seriously (this happened to me!). Anyway your still young (well 5yrs my jr).. good luck!
SS
Merry Christmas and GOD bless America
Jason
Try reading Value Investing for Dummies and Common Sense on Mutual Funds. Applying the knowledge within will literally earn you hundreds of thousands of dollars over an investment lifetime.
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