5/22/2003
Ha, I told you my Scorched Earth strategy would work. Actually, this is what I did. About a week ago I bought 2 $10,000 BS 100 funds. I completely put the game on the backburner and came back this evening to see that they both matured to about $480,000 each. I immediately sold them, thinking I could buy a $1,000,000 fund and guess what: nope. So now I have all this fake funny money and nothing to blow it on, not even a dotcom or aircraft carrier.
There is a contest at BlogShares, to see who can “donate” the most money (you get placed in the Hall of Fame for having your monies deleted). Well, I’m nowhere near the guys that have done that ($100 million is the all-time right now), so I am looking for something else. I’d give you all my cash if you were willing to try out my strategy: buy every bit of stock in a blog over and over again (it’s good to start with one that no one has bought anything in). It is very time consuming, but the profits are exponential (for me it was a 4971.57% growth in net worth this month alone).
Let me know if you’re interested.
5/8/2003
Here are a few special Tim-crafted fyi’s for you regarding BlogShares:
My mathemagic friend, Jason, put together a proof regarding a coming BlogShares bubble (yes, inflation abounds!). If you thought the Bank of Japan or the Fed were bad at creating cycles, BlogShares will be fun (there was a lady who posted on the forum saying that her teenager is now playing the game and is learning so much — if only she knew Bubble Theory).
Seyed (the guy running BlogShares) has started thinking ahead to alleviate some of these problems before they occur. And yea, believe it or not, a ‘Capital Gains Tax’ has been put forth to debate. I don’t think you have to guess which side I’m on in that debate.
And lastly, I’ve been practicing a ‘trick’ that Matthew Davey told me. It’s nothing sinister or even cheap; all you do is buy the stock in one blog over and over till you have a nice egg to sell. Each time you buy some stock, the value grows. You do this on dozens of blogs over a few weeks time and you’re sitting in hog heaven. I went from $17k to $50k in 3 days: Thanks Matt (yea, most of you probably knew it, but practicing it all the time that counts).
5/2/2003
Okay, one more post about Blogshares. I logged onto the BS system thinking that all the decent stock had been snarfed up, well, it was — but there are a few crumbs people missed. Before I get to those however, I wanted to mention Warren Buffet.
He’s one of the wealthiest (on paper) individuals on the planet who refused to invest much of his portfolio in tech stocks (like Cisco or Microsoft) — and was ridiculed before the bust. In fact, he invests just the bare minimum (in several large tech companies) in order to get the Quarterly and Annual reports, but nothing even close to 1% that he does with Coca-Cola or Gillette.
Anyways, what I invested $7000 in was nothing fancy. But what they all have in common is: multiple incoming links (some of the blogs have more incoming than outgoing). Plus, I bought them when both their price/share and P/E was very low, so no matter what, even if it takes several weeks (or months), I will make a bit of that fake digital green stuff. Note: neutral P/E in blogshares is not 1, but closer to 10 (or 3.4 in the old system) or so — that is a good thing to know when investing because you are safe up through the 4’s and 5’s, the price resets after it hits 20 or so (usually before then).
In no particular order, the Tim Swanson Portfolio of Doom (don’t even start with me Ms. Cheyenne, you wealthy zillionaire… where is your link and account?):
Otakublog; Aggieblog; Bevoblog; Latitudinarian; Anarchoblog; gnublog; Movementarian; Tim Swanson; AllYourBlog; DrPersonal; The Ultimate Insult; ElS life; Captain Vulture; Outwardly Normal 2; Alaska Living! Wow! This is So Cool! (that really is the name); Webgeek Olympics; Scott Loftesness; Another Greenflame Page; Wis[s]eWords; Viral Planet; Sensible Erection (no comment); IsThatLegal?; and someone donated Chicago Blogs to me again (just 1 share too, go figure).
As you can tell by the names the world will bow before me very soon. I’m going to sell cheap polyster rugs so that when you bow before me, your knees won’t hurt as much (of course if you dream of me then all is good).
Bowing yet?
To celebrate the new found wealth I mentioned in my last post, I created 2 more icons (bringing the total to 5 now). Feel free to ’steal’ them, just remember to host them on your server:
And yes, I got rid of the tacky dollar sign, it doesn’t look proper. Additionally, you can get a bunch more at GTMcKnight’s Nucleus powered blog.
Note: I have no clue why the bottom one looks like crap, if you goto my front page, on the right side, it looks perfectly fine — here is the image source, when viewed seperately it looks normal: http://tim.movementarian.com/archives/bslisted3.gif
