Past Weekend Update

New account balances are as follows:

General Account – $ 1,357
Spending Account – $ 77
Spending Account 2 – $ 403
Investment Account – $ 2,523
Bill Account – $ 981
Permanent Savings – $ 5,549
Charity Account – $ 338
Stock Portfolio Value – $ 11,323
Roth IRA – $ 6,574
Emigrant Direct – $ 1,007
Total Liquid Assets – $ 30,132

Credit Card Balance – $ 0
Business Holding – $ 5,309
Total On Hand – $ 35,441

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My first stock sale in a while occurred on Friday. I had a $23 limit order set for Syntel (SYNT), and made a profit of $681. I’m in the process of restructuring my portfolio, so I will start buying around October which is generally not a very hot month for the stock market.

I’ve accumulated $5,549 in my permanent savings account which is earning a very small amount of interest (less than 1%). I need to put some of this money back to work in low-risk areas.

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I found the popular marketing blog Brand Autopsy pretty interesting, and recently asked the fellow Austinite John Moore to coffee. We met up and had a great conversation. After spending years in the marketing departments of Starbucks and Whole Foods, he really knows his stuff.

John Moore of Brand Autopsy

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My income for April was pretty slim. Several stock shortages forced me to cancel several orders, leaving House of Rave profit at only $1,080 for the month. Ouch! I’m looking to correct that discrepancy this month.

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This past week I had the opportunity to attend a huge event held in Austin. CEO’s and politicians were in abundance, but my favorites were Michael Dell, Steve Ballmer and Colin Powell. Unlike the speeches I usually attend which have mostly students present, the subject matter was much different. The resounding theme of this conference was: Making the world a better place through the use of technology.

I’ve never seen Michael Dell do a solo speech, but he was actually really good and pretty funny too. The day before his speech I got to speak with Mr. Dell one-on-one for about 3 minutes which was rather fun!

One of the distinguished guests at the conference was Dato Seri Abdullah Ahmad Badawi, the Prime Minister of Malaysia. I’m not sure how to pronounce his name, but I managed to get two photos with him during a press conference! Much to my surprise, he actually looked a bit like the Prime Minister of Malaysia from the movie Zoolander!


He had so much security around him that I didn’t dare approach him for a picture without permission. Instead I asked his head press secretary to take these pictures for me.

I was really excited to see Steve Ballmer speak. He didn’t act like this, but he was still fun to hear. Once again, the speech was about improving the world through the use of technology, so it was mainly a speech about what Microsoft has done to help. I was already in the very front row, but I really wanted to snag a picture with him….no luck though:

My FAVORITE speaker through this entire event was by far Colin Powell. I thought a staunch, former Secretary of State would be speaking….instead the guy was an absolute comedian!! He had the whole place in laughter most of the time, all while peppering his speech with serious points. He’s 69 years old and has been doing this for years, and you could easily tell. I truly enjoyed the time he spent speaking. His speech was incredibly natural, he never used the teleprompter or stood at the podium and it seemed he honestly enjoyed being up on the stage doing his speech.

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    Blog posted on: May 8, 2006

    44 comments on “Past Weekend Update

    1. Marie

      I once saw Colin Powell speak in Washington. It was about the somber topic of 9/11, but he was an extremely eloquent speaker.

      You’re very lucky to attend the WCIT conference, I saw it on the national news.

      Reply
    2. Dennis

      I’ve seen Colin Powell speak at Florida’s capitol. He was awesome! and a very inspiring guy too.

      Reply
    3. Anonymous

      I don’t think I am the only one thinking this but all you seem to just go to these conferences, trying to meet successful people, etc….

      They have their uses, but it comes to a point where you need to stop talking and and take some action. It’s like the analogy of people who read 100 success/entreprenuer books, but never take action. They are NOT successful.

      I do enjoy all your old entries, but I find myself visiting your site much less now due to all these non-productive events.

      Reply
    4. fatani

      Sup neville, Its Fatani

      I dont leave comments much but i read this thing every week or so. Its Great!

      Anyhow, Ill e-mail you soon, ttyl

      Reply
    5. me2press

      Very good post. I saw Bill Gates in Toronto a few years ago and he is so slow and seems to be thinging out everythought as with Steve Ballmer it is go go go I wish I could have heard Steve Ballmer. You will need to start recording audio from these events. I am not sure if you got a chance to get the free business and trade magazine subscriptions if you can post a link for this I am sure your readers would want to get these magazines for free.

      Here is the link:

      http://www.me2press.com/free.html

      Reply
    6. Will

      Nev,

      I have to agree with what anonymous said above: I too would love to see more posts on your business activities, rather than pictures of you with various CEOs. Keep them for the photo album, and the blog for the real stuff!

      Keep up the hard work :)

      Reply
    7. Neville

      Anon & Will,

      I will try to start posting more about business stuff, but there is obviously a degree of privacy I need to maintain when partnering with others…so unfortunately I cannot divulge everything.

      Also, meeting these CEO’s are a challenge on their own. Much of the time I don’t give the full story, but they are often fun adventures or events!

      I’ll try to keep it more relevant :-)

      Reply
    8. Rachel

      You have an emigrant direct savings account, why don’t you just move your permanent savings into it? It’s getting great interest right now. 4.5% I believe.

      Reply
    9. Andrew - Money Supply & Debt Blog

      Kind of echoing what anonymous posted above, you should focus on your businesses. Judging from your posts you have the experience, you just need to take it a step further. The web allows for amazing leverage and almost unbelievably fast growth.

      Reply
    10. Jay

      Damn you guys are not getting the whole “free will” picture here.

      Neville wants to meet people, let him do his damn meeting people thing. You probably wish you met those people in the first place.

      Neville has a personal blog, not a private business, you are not his clients, he gets to write whatever the heck he wants here, its his journal.

      …….

      Taking some action? like what? writting a dumb comment on an unproductive blog ?

      ts….

      wtg nev. =)

      Reply
    11. Anonymous

      jay,
      then he should change the name of the blog to nev’s free his willy blog -
      it has moved away from a financial blog

      Reply
    12. Anonymous

      This event was the World Congress on Information Technology: http://www.WCIT2006.org

      I’m not sure how you got to attended this event Nev, but this was a big one! Pretty cool to hang out with some of the most influential people in IT in the world. Thanks for sharing.

      Reply
    13. Anonymous

      Hey Nev,

      How about you tell your fan club how you were able to attend this event. You must be very important to get into all these amazing events…. oh what is your secret….

      Reply
    14. WIll

      @Jay…

      Obviously I realise Nev is free to post what he wants, but I am also free to suggest that he posts more on certain topics that I (and probably others) will enjoy and benefit from.

      While I agree that he is not my client, I might argue that I am his. Why post a blog on the web if not for others to consume it? “To keep a diary” you might say, and if that is the case, why not just keep a diary offline? It’s a similar situation to women wearing scanty clothes – they do it so that others will look at them. There’s nothing wrong with suggesting what might earn them even more favorable glances. Without people viewing his blog, it becomes little more than an offline diary anyway.

      If you want to stand up for free speech, go protest to Gee Dubbya.

      @Nev…

      Thanks for your reply, and I look forward to your future posts. :)

      Reply
    15. me2press

      Nev, your blog is always great.

      I enjoy reading your post when you go to these events. I also like your business post and ideas. As I know from my own blog sometimes it is difficult to come up with a topic to post. When you do not have business ideas to post the events work well so I say keep posting them. I know if you are working on outside projects that you have to keep them secret. Why not post little tid bits a general idea that will not give away your project, but will spark talk from the community on your blog.

      http://me2money.blogspot.com/

      Reply
    16. Lyle

      I agree with the first poster. You could be getting a much better return if you moved to one of these no-fee savings accounts. I’m in Australia and have my money in an ingdirect account (reputable australian bank), which earns 5.40% with no fees, and no restrictions on withdrawls and such. I’m sure that over there, you’d be able to find similar types of options with relative return rates.

      Reply
    17. Manal

      Hey Neville, it’s nice to know that you actually met in person with my PM, Datuk Seri Abdullah Ahmad Badawi. Honestly speaking, i came across ur website through 1 common interest: Dubai’s burj al arab. I’ve added u in my links. And regarding ur financial management thing, i’ll probably need to sit for the whole day to understand whats going on, but in a nutshell, it’s an ongoing process, so keep it up, man.

      Reply
    18. Patrik

      You have been linked to as a part of The link chain letter. You can read more about it here if you wish to join to earn 100 000′s of visitors.
      Well it would not be much of a chain letter if it didn’t claim completley unrealistic things would it ;)

      Reply
    19. Wes

      Great site man. I’ve been waiting for someone to put something like this together especially tallying up excactly how they make money each money (different streams) and more importantly a total breakdown of assets and liablities. I will keep checking back often.

      My Blog

      My Website

      Reply
    20. Andrew

      I recently found your site and am enjoying some of your past posts. I like that you explore all business related ideas with such fervor. The fact you have maintained a profitible website for 5 years is very impressive. Like you I have seen a good amount of financially successful people speak including Pat Riley, Tom Peters, Anthony Robbins and Harry Dent. Emulating successful people is a great road to take. I look forward to reading future posts.

      Reply
    21. Tim MMF

      I would like to see Colin Powell speak. I saw him in Washington, D.C. in 2001 before 9/11. I was with a student group, he was very cool.

      Hope you find some luck getting your income moving up.

      Reply
    22. Anonymous

      I need to start hanging out with you, I’ve got no clue how you manage to pull off all these events and meet people like “bob”

      Reply
    23. Anonymous

      Nev! where are you? Missing your posts. I hope nothing is wrong and you are on one of your quarterly holidays.

      Reply
    24. Anonymous

      he’s out looking for a job because he just realized that posting useless stuff rather then actually doing successfully business activities isn’t paying his bills…

      Just like the pixel idea, a copy-cat wannabe business idea, even though he said no ads on site ever.

      Enough of this blog for me, it’s useless now.

      Reply
    25. red

      hehe…maybe Nev’s hangin with his buddy the prime minister of Malaysia!

      Keep blogging dude, have no idea where u’ve gone!

      Reply
    26. Anonymous

      Still no Nev? This is what I hate about the Internet. If he doesn’t come back, how will I know if he’s at least alright. I’ve been in Austin’s traffic and is a scooter enough protection?

      Reply
    27. Anonymous

      Big sigh of relief. I don’t think you have ever gone this long without a post. Glad you’re alright. Glad you are busy, life does go on off the net.

      Reply
    28. Jay

      Quote:”"@Jay…

      Obviously I realise Nev is free to post what he wants, but I am also free to suggest that he posts more on certain topics that I (and probably others) will enjoy and benefit from.

      While I agree that he is not my client, I might argue that I am his. Why post a blog on the web if not for others to consume it? “To keep a diary” you might say, and if that is the case, why not just keep a diary offline? It’s a similar situation to women wearing scanty clothes – they do it so that others will look at them. There’s nothing wrong with suggesting what might earn them even more favorable glances. Without people viewing his blog, it becomes little more than an offline diary anyway.

      If you want to stand up for free speech, go protest to Gee Dubbya.”"

      Your deepest values are corrupted by delusion that every woman is similar, and you use that argument to argue something completely different. You should revue your core values.

      If you keep on generalizing without realizing that everything is unique, you’ll never understand reality.

      Some woman wear good looking clothes because it makes them feel good, not because they want someone like you wanting to meet them, the same goes for men.

      If you want to argue you will need better arguments.

      Neville: drop me a note if you have time :)

      Reply
    29. Sadhra

      anyone of you here have an emmigrant direct bank account?

      it says here http://www.moneysavingfreetips.com/emmigrant-bank.html “However, if you put that same $15000 into an Emmigrant Direct Savings account yielding 4.65% interest, you will have made $675 in a 1 year period. Therefore, $675 – $75 = $600 more with the Emmigrant Bank Savings account!”

      is 4.65% too good to be true? how do i open such an account?

      Reply
    30. Chan Werst

      To all the above commentors. Blogs can be a lot much better to study should you can keep Your comments easy and also to the level. No-one likes to examine giant feedback when the idea may be conveyed making use of a not as lengthy comment

      Reply
    31. Pingback: How to crash a party | Neville's Financial Blog

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