This year has got to be one of the worst for my company....people got too scared to invest due to market condition for the past 1.5 yrs! =( Sarcastically, the market has been going forward ever since this March and no matter how much I tried to talk them into investing....only a few actually listened. Those that listened, are thrilled as they made a whopping 38%+ return while most others.....are soaking in their measly return because they insist to stay in bond, money market, etc. Before I went back to taiwan last year Nov, I keep telling people to invest in Gold bullion as it was around $670/oz....they still think it's going to tank further so didn't listen. Well, in 1 year it jumped to $1100/oz so that would've been a hefty 60% gain on their portfolio! And now I'm telling them gold will hit $1500 or even $2000 in few years time and now they think it's too high! @_@ arughhh.....u just can't win with these ppl!!! Well, at least they don't come and blame me for not making them money since they never listened to my suggestions in the first place!  Anyway, due to massive shortage in income this year....I decided that I won't go back to taiwan w/ wifey this year. Money is an issue obviously, but most importantly, people are now starting to invest due to all that media release saying how the recession is over, time to invest, blah blah blah~ I find it funny how people always listen to the press more so than actual professionals!! When I tell them it's time, they still think it's not....when the press tell them it's time (which by now is already too late), now they're thinking of investing!! Most of the profits are already taken up by the earlybirds so only few pieces of pie left for majority of latecomer.....oh well, I got a business to run so can't ditch these clients and go back to taiwan or I might lose them to somebody else! It's a pity really....as wifey's brother is also going back to taiwan this winter. A brother in law whom I still haven't meet yet!! Crazy I know.....he's all the way in Sydney and he wasn't able to go back before due to his study. Now that he's in university he can finally go back and here I am, stuck in Canada! My in-laws were a bit disappointed but they understand that I need to be here to keep business afloat.....oh well, hope I get to finally see him next year!~
Since this year business was really quiet, this is what me and my buddies were up to for entire summer and up till now....we were "game traders"! =P Much like stock traders, we look for games that can be had for really cheap and trade it in at stores for a profit! Example would be a certain game would cost $9.99 at blockbuster and trade it in at EB Game for $25!!  Running around ain't my thing so I only do this when I happen to pass by stores....but my buddy went all out and even took days off work sometimes due to the discount sale....he was able to rake in more than $3000 profit at the end whereas I only did around $1500 worth of store credits.... oh and A LOT OF game consoles..... 



after all net cost (not including my time and gas)....I spend about $600 to get $1500 worth of store credits, 6 xboxs & 1 PS3 slim....not bad! =) Sold few of the xboxs already so that's less of my money spent overall~ But wifey was kinda annoyed that I had so many consoles stored up in my place at one point! lolz.... anyway, gotta go now so more updates later~ |