Remember the Apprentice Challenge? That was over two years ago, when I was still working at the Rich Dad headquarters in Scottsdale, AZ.

You heard me right, I no longer work at the Rich Dad headquarters. As of 31 July, I am officially on my own, building my own business.

I still do some work for Rich Dad, but remotely, as a consultant.

I’ve also moved myself and my family about 120 miles north of Scottsdale to Flagstaff, AZ. It has been our dream to move here for 3-4 years now (ask anyone at Rich Dad and they’ll tell you how I’ve talked their ears off about this for a long time).

I want to be up front about how this all came about.

For the past six years I’ve managed the online presence (IT, web, RD Underground, etc) as well as the home office network for the Rich Dad Company. During that time I’ve received what I consider to be the most valuable education anyone could ever receive.

However, there was something I was missing. Sure, I could do the IT work and was extremely successful at building and fine tuning the systems, but there was a problem.

IT was not my passion.

As most of you know, I love making videos. Especially behind the scenes, fly on the wall-type videos of stuff no one else gets to see.

So, I decided to move out of IT and into media production. Well, my skill level and experience did not allow me to do that full time at Rich Dad.

Therefore, the decision was made for me to move on, and do things on my own. This is what I am calling ‘The REAL Apprentice Challenge.’

Robert and Kim were incredibly supportive and encouraging. It was not easy to leave the folks at Rich Dad that I had come to think of as my family.

However, I believe it was the best thing for me and the best thing for the company. We both needed to grow beyond our current context.

So, here is the deal. I have teamed up with a friend of mine who is an incredible entrepreneur, online marketing expert and teacher. He and I are going to be building a team of people dedicated to getting financial education into the hands of the people that are ready to learn.

If you’ve subscribed to this blog, then you will receive a separate email explaining the whole thing.

In the mean time, I am going to keep you all posted on my progress. Hopefully via video, like the first apprentice challenge. The only difference is, this one is for real.

Do or die.

See more here:
This Time It Is For Real

What I see today is that this Silver future contract what I plan to buy is today worth about 2 USD less than yesterday… and it basically means that if I had bought it yesterday (14th of August, as I have already 15th of August and now is 9:43 in the morning) I would have got today a new margin call… But I didn’t

SLV finished yesterday at price 14.06 USD… silver futures prices show me that silver will go to 12.5 or near today as September 2008 futures contract shows price 12.525 USD per ounce.

My focus from investement side is definetely Silver, so keep on commenting what my real life actions and result are. But my day-to-day activity is building up a Rich Dad’s Franchise in Baltics.

Read more from the original source:
Disclipline pays off

 

A brochure providing personal investing tips for seniors citizens.

It highlights key guidances that seniors should consider before investing, and provides few tips on how you can avoid common mistakes and unwise decisions.

Click on the picture on the left to open the brochure. 

(It is in Abode PDF format.)

Go here to see the original:
Personal Investing Guidance Tips for Seniors

One of the reasons why I write this thing here now, is to keep me accountable and help me have some discipline

So what’s the problem?

The problem is that I got margin call when Silver was somewhere around 14.44 USD. Now in couple of last days it has gone up to 14.86… So I decided not use anymore strategy called buy and pray or wait and lose :-p

But in the back of my head my Little Voice is still telling “Jump in” or “Get an new position, because otherwise you will miss out the opportunity.” etc.

So I decided that my strategy is:

• Buy when Silver price goes over 14-day moving average. And where I look this information is http://www.lbma.org.uk/ and based on that create my own graph.

• Sell when Silver price goes under 14-day moving average.

And I will change the strategy after Silver price will go over 200-day moving average.
In this point the strategy will be:

• Buy when Silver price goes over 200-day moving average. (This last happened 9/20/2007)

• Sell when Silver price goes under 200-day moving average. (This last happened 8/5/2008)

So in the end I will not have many buying/selling going on… and for selling probably I can put a Stop in place. I now found out how I could do that… I just need to try it out, how it works in real environment.

Last thing: I will continue with futures. The main thing why I like the futures is that gain or loss is accounted every day. So I can’t hide myself somewhere and “decide” in some point that now I’m going to be a long-term investor, when my actual idea was to be a short term speculator.
The second point is that when things will go as planned and I create some money out of this strategy I can start removing the money from investing account and move it into other deals.

Original post:
Keeping fingers away from Investment account