MIA
I’ve been missing in action this past few weeks. It’s been a very busy Summer for me and hopefully I’ll be able to write some stuff on a more consistent basis.
Looking for a job? Here is a great idea. How about starting up your own food truck? Check out this Kogi website. Everything on the menu looks unbelievably delicious. Kogi trucks first started in SoCal and I believe they will soon start up couple trucks out here in NYC. The people who started this Kogi stuff only started last year. It took about a year to allow them to make enough profit to expand to the east coast. They have 3 trucks that’s at three different locations operating from Tuesday to Saturday (Sun & Mon off). They have a set schedule where the trucks will be stationed each day and they only work 3 hours per day. Not a bad deal in my opinion. Each truck sells out on a daily basis with the quantities they prepared for. This meaning they are profiting on a fixed income plan for now. I have no idea how much each truck profits, but assuming each profits just say $500 per day. $500X3Trucks=$1500X4days=$6000per week and you do the rest of the math. Not bad for working 4 days for 3 hours a day. The concept is easy, but the key to success starts with the chef. People will come if the food is good. That is and will always be the key to a successful business. Who wants in?
This site will be very useful for you if you live in JC or Hoboken. I discovered Central Avenue Wines last week and I found out they make deliveries to your doorstep for free if you live in JC or Hoboken. I no longer have to spend $12 for a 12-pack of Coors light or $12 for a 6-pack of import beers. The liquor prices around where I live is absolutely ridiculous. I can now get my beer much cheaper and all I have to do is carry it from my front door steps. How convenient!!
I can’t wait for the basketball season to start. I just purchased 5 sets of Knicks tickets. Knicks offense will be a lot of fun to watch just like last season. The run and gun style will make Knicks one of the highest scoring teams in the NBA this season. I don’t have much care for defense. I’ll be happy if either the Knicks or the Nets can make it to the playoffs. I highly doubt the Nets will do much this season. They just don’t have the depth in their lineup and they lost VC. Knicks might make the playoffs this season. They will probably be at the bottom if they somehow make it, but it’ll be nice watching a Knicks playoff game at MSG. My tickets include Phoenix, Golden State, Portland, Oklahoma City, and the Clippers.
If you purchased some stocks about 8-12 months ago, you are probably a very happy camper right now. Especially if you bought some Apple and Google. Apple was at a low point of 82.58 once and now it’s at 184. Google was at once 262 and it rebounded to 494. All within a matter of 8 months. I mean not everybody will have that kind of money to invest at a time when the economy was struggling, but just imagine if you had the guts to lay some money down on something. Even my own company Barclays Capital rebounded from a once low 3.07 to 23. I’m hitting myself for not believing my own firm. In any case, I do have some GLD that I purchased at 83. It’s now starting to climb again and I’m hoping it gets to 150 by end of next year. It’s at 97 right now. As we all know GLD is very volatile and requires close attention. Nope!! I was not worried one bit. I knew gold would never dip below a certain point. It’s the backup/last resort to our paper currency. Our economy is still couple years away from fully recovering. The progress maybe starting, but it will require time to get back to how we were once. GLD was at its lowest point back in 2005 and that was also where the economy was steady and the market was hot. Everybody wanted to get into finance then. People will again want to get back into finance within the next 5 years. It’s just the way things work. Everybody is always looking for that goldmine stock. I believe that stock will be MGM. MGM was at 96 almost exactly 2 years ago. With the economy crisis, people thought MGM would go down. It hit a low 1.89 in March of this year and slowly rebounded. It’s been hovering around 12.50-13.50 recently. This is still very cheap for purchase. The casino business goes obviously goes with the flow of our economy. If you ever been to Vegas, then you would know more than half of the strip is owned by MGM. MGM clearing is the powerhouse in the casino industry and it will only rebound from now on. Buy it now and keep it for 5 years. It should be above 50 in couple of years and i’m hoping it’ll get back up to 90 within 5 years. It’s my long term investment. Buy some yourself people!! Have no fear. My motto is ”Scare money don’t make money”.
