Financial

I am currently #1 in the University Investors Association Stock Competition.

This simulated $100,000 portfolio consists of $10,000 holdings in these ten companies:

RIO – COMPAN VALE DO RIO DOCE

SM – ST. MARY LAND & EXPLOR

DHI – D.R. HORTON INC

CCJ – CAMECO CORP

HDWR – HEADWATERS INC

PSYS – PSYCHIATRIC SOLUTIONS

VMSI – VENTANA MEDICAL SYSTEMS

GMR – GENERAL MARITIME CORP

ASFI – ASTA FUNDING INC

BXG – BLUEGREEN CORP

These picks come directly from The Kirk Report, and his top 15 investments for 2005 (I only used the top ten).

Anyone can get this fake $100,000 and invest for themselves at simulator.investopedia.com

College students always need more money. They will do anything for a few bucks. After I’ve blown all the money I set aside for spending and I need more (without wanting to touch my spending account), I go to the psychology building on campus.

Why you ask? Because they regularly hold experiments there on a daily basis which you can walk into, and an hour later come out $7 – $10 richer! I generally have an hour break each day, so if there is a 45 minute experiment, I can participate and collect my reward (in cash) just in time for class!

The experiments are generally very easy and sometimes include free food. It’s just one easy way of making a few bucks during a break!

On Tuesday I joined the UT University Investors Association. I went to the info session, met a lot of intelligent, like-minded people and liked what they do.

I am also a member of Texas Entrepreneurs, a very active entrepreneurial society at UT.

The best part about these organizations is the people they attract. In a university of 50,000+ students, only the most motivated come to these meetings. They are not mandatory like classes, which automatically weeds out non-motivated people and they facilitate real world learning.

I am at a loss in my longterm portfolio right now. Just a few months ago I had a nice profit, but things went awry for the Syntel (SYNT) and Dynegy (DYN) stocks. I’m not worried, because I’m holding all of these (except for Syntel) for 3+ years.

Here is a snapshot as of 01-24-2005 of my longterm portfolio:

I bought Fortune Brands (FO) at $76 yesterday, in light of recent earnings, it has jumped to the $79 range.

I plan to hold onto this stock for years to come, and add to my position at times…so far it is off to a great start!

The price will slightly drop after all the earnnings hype goes away, but in the longrun I have a lot of faith in Fortune Brands.

Here is a one week chart of FO:

At the rate I’m going, my goal of generating $11,000 will not be met by May 31st. I need to change something, and fast.

My online business is making money, and I will start working again in two days. I will also start pursuing making some money from Resumite. These three sources of income might cut it, but I need MORE.

I need to get into high gear and start making some more money!

OUCH. New York for two weeks left an $825 dent in my wallet. Not working also threw off my monthly income by a bit, but I made a $913 profit from my online business to counteract that.

Also, I am now only reporting usable, liquid assets of mine. I will still report my business balance account which holds funds I owe, but I will not consider it an asset.

These last few days have been harsh on stocks, so my longterm holdings are not doing so hot. I have also transfered all the money I owe for my business to the business balance account. I like keeping my business 100% debt free, which is not great looking for balance sheets, but I like having no liabilites for now.

General Account: $423

Spending Account: $82

Investment Account: $860

Permanent Savings: $5,300

Stock Portfolio Value: $7,810

Total Assests: $14,475

Credit Card Balance: $0

Business Balance: $4,392

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So far my financial year is not off to the right start, but I am changing that soon!

General Account: $2,118

Business Balance: $2,416

Spending Account: $385

Investment Account: $1,035

Permanent Savings: $5,260

Stock Portfolio Value: $8,118

Credit Card Balance: $0

Total Assests: $19,332 (+ $900)