Today I made $500 without any effort

[Writer]

Today I made $500 without any effort. Yeah, it’s not much, it’s not fastlane, it’s nothing great. Yet, I transformed X in X+500 just by using some knowledge that I would’ve had anyways.
How I did it? I changed my mindset a little bit. It’s no secret that I am an Apple fanatic. I love most of their products (I hate the “new” Mac Mini), and I am aware of any rumors about the company. I had seen iPhone 6 parts before 99% of the global population, I had seen Apple Watch rumors before most people even knew that Apple was doing something different. I like knowing what the company is up to.
So, this year, armed by the information I had which gave me enough assurance of stability I decided to NOT buy the latest iPhone, keep the previous model (5S) and invest in Apple stocks. Today after about a month, I sold the stocks (which will pay dividend tomorrow), and made about $500.
The change was massive: Instead of thinking “what company can offer the best contract?” I focused on making more money. I do not care if Apple releases a 3D iPhone 6 Superplus tomorrow. All I cared was to transform X in X+Y. And I did it.
This is to say that small changes sometimes can bring you good news. This is to say, that focusing on the “Do now, to get after” is much better than the “Get now, and do later (to repay)”. That is to say, that even if you love something, you don’t need to buy it.

 

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[AllenCrawley]

How I did it? I changed my mindset a little bit.

I think it's a huge change in mindset. Seriously. To go from thinking as a consumer to producer is no small task. Well done.

 

[Ninjakid]

Thousands of Apple fanatics are down $500 because of their latest purchase and one Apple fanatic is up $500 because of his latest investment

 

[daivey]

.... so you traded a stock - albeit randomly, without using any knowledge of the market and because you profited $500 rather than losing $500, that means you changed your mindset?

And if you held for a few months you would have had to buy a minimum of 50 shares, as apple is up about $10 in the last few months. So you commited about $5000 to a trade and came up ahead and some how you are applying this as a level of success? what if it was a dismal earnings report and apple plumetted to $85 a share? then what? would we be seing this post????

Other than being an apple fanactic about their prodcuts - do you know anything about their balance sheet? cash flow? etc? do you study this stuff?

 

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[sle3pyguii]

@daivey His priorities shifted from "Buy the new iPhone" to "Lets try to make some money with this". I'm sure he didn't go in blind with the investing.

 

[daivey]

im not sure i see the mind set shift..

so, lets say that instead of going to buy an iphone, he decided to go to a casino and put $500 on black. He then wins $500.

does that mean he has a new mindset? (AKA lets try to make money with this).

there is zero difference.

 

[Writer]

.... so you traded a stock - albeit randomly, without using any knowledge of the market and because you profited $500 rather than losing $500, that means you changed your mindset?

And if you held for a few months you would have had to buy a minimum of 50 shares, as apple is up about $10 in the last few months. So you commited about $5000 to a trade and came up ahead and some how you are applying this as a level of success? what if it was a dismal earnings report and apple plumetted to $85 a share? then what? would we be seing this post????

Other than being an apple fanactic about their prodcuts - do you know anything about their balance sheet? cash flow? etc? do you study this stuff?

That was not the point of the post.
And yes, before trading I studied to the best of my abilities, including checking on competitors (Samsung etc) and suppliers (GTAT, Intel etc) with also a look on schedules, production delays etc.
And yes, ending up with $1.000001 from $1 is a level of success, albeit minimal.

 

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[Writer]

im not sure i see the mind set shift..

so, lets say that instead of going to buy an iphone, he decided to go to a casino and put $500 on black. He then wins $500.

does that mean he has a new mindset? (AKA lets try to make money with this).

there is zero difference.

No because I didn't invest randomly. I am no Gordon Gekko, but I'didnt just throw money at it.

 

[Bigguns50]

I think it's a huge change in mindset. Seriously.

Absolutely huge !

He went from loving buying Apple products (consumer), to selling Apple stock (producer). He produced something (profit) instead of consuming something (buying).

We are bombarded daily with advertisements to buy, buy, buy. To change your mindset and look at everything like...that's nice, but I can make it better...or...I can't find x, so I'll make and sell one, is a leap for sure.

Now some may argue, 'what value did he provide ?'. He provided someone with the option to buy stock at a price they believe was a good price so they might be able to profit. Good enough for me.

Well done.

 

[Kak]

You know you could make $500+ every day consulting about Apple technology and the advantages in enterprise business...

Not a bad way to get started.

 

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[Writer]

You know you could make $500+ every day consulting about Apple technology and the advantages in enterprise business...

Not a bad way to get started.

Mmmm not a bad idea at all, especially now that Apple is trying to invade the enterprise business with its alliance with IBM

 

[Kak]

Mmmm not a bad idea at all, especially now that Apple is trying to invade the enterprise business with its alliance with IBM

Exactly my point. I also read that Apple is growing pretty quickly in enterprise business due in part to windows 8 being a joke.

 

[FreshStart87]

He added value to apples stock by investing, and was returned value (500 bucks).

 

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[daivey]

He added value to apples stock by investing, and was returned value (500 bucks).

lol, no he didn't. you don't add value to anything when you buy shares of a public traded company on the market.

 

[Yeezy]

lol, no he didn't. you don't add value to anything when you buy shares of a public traded company on the market.

@Writer took action while you are here replying to everyone who doesn't agree with your statement on an internet forum....

Who's going further?

 

[RHL]

Today I made $500 without any effort. Yeah, it’s not much, it’s not fastlane, it’s nothing great.

You made $500. To put that in perspective, that was exactly $500.00 more than the posters who filled the forum with threads about how they're going to "Make $50 Million in the next 12 months" or "Buy a Huayra and post the pics" or whatever other nonsense.

Well done.

 

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[RazorCut]

...windows 8 being a joke.

Surely you jest!

That market is evolving and Apple seem to be positioning themselves to take full advantage. Look how many tablets are now used in the work environment due to the ability to have bespoke apps produced/adapted for specialist applications. Apple consultant does sound appealing.

 

[daivey]

@Writer took action while you are here replying to everyone who doesn't agree with your statement on an internet forum....

Who's going further?

my investments made $1500 in the last month. that doesn't mean I took action

 

[camcam]

my investments made $1500 in the last month. that doesn't mean I took action

Have you read TMF book? From your attitude, I think it's you that needs a mindset change.

Edit:

Oops I forgot, but congrats! you didn't make a pointless spend instead you made money.

 

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[AubreyJ]

im not sure i see the mind set shift..

so, lets say that instead of going to buy an iphone, he decided to go to a casino and put $500 on black. He then wins $500.

does that mean he has a new mindset? (AKA lets try to make money with this).

there is zero difference.

Going to a casino and making an educated stock investment are not the same thing at all. Yes, if you where to pick a random ticker symbol and blindly invest in one you see, than that would be the exact same thing as going to Casino- but that is not what OP did. Fundamental analysis is a great way to pick stocks- he was educated on the company, and he invested wisely and made money.

Congrats on the change in mindset- hopefully it's the first step of many in the right direction

 

[daivey]

That's such a typical response. I did read tmf did you? I'm not try to be a dick here but you didn't do anything. The only action you took was to buy some stocks on a gut feeling the price would go up and you profited. Good for you but that isn't taking action or living the tmf way.

If you had sold when the market was collapsing a few weeks ago you would have lost just as much.

As for its not the same as a casino? ?? Actually i beg to differ. The ops logic for his apple investing is that he likes their products. Well that's no different to someone that really likes roulette.

The roulette player really likes the game. He learns about roulette and like the op decided to play. So the roulette player went to the casino like the op went to the market. The roulette player in his studies determined that this table is hot. Its hit black 4 times in a row now it's got to hit red. Like the op, the op went to market and said hey apple has been releasing good products and their stock goes up. So they both rationalize that apple and red are good investments.

Low and behold they both win 500$.

Now they attribute their luck to taking action. The fact that you guys are applauding him lead me to believe that you don't understand tmf or it's teachings.

In your case op buying a new i phone may have been a better investment if it could provide real value to you and a faster easy way to connect with business associates and friends. But instead because you got lucky with your investment you turned it into an action fake to mske your self believe you're taking action

Have you read TMF book? From your attitude, I think it's you that needs a mindset change.

Edit:

Oops I forgot, but congrats! you didn't make a pointless spend instead you made money.

 

[daivey]

I get it you want applause that instead of sPending money you invested it. Got it. We all got it. But then this post is nothing more than a circle jerk thread and nothing of value was created.

For example why did you invest in apple? What did you learn from your studies of apple stock. What about Samsung made you believe that apple would go up and earn you 500. Why did you sell? Why? ??

This is the investment section right. Not the slow lane area

 

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[Writer]

my investments made $1500 in the last month. that doesn't mean I took action

If you previously used to buy useless crap with the money your invested, then it's taking action.

I get it you want applause that instead of sPending money you invested it. Got it. We all got it. But then this post is nothing more than a circle jerk thread and nothing of value was created.

For example why did you invest in apple? What did you learn from your studies of apple stock. What about Samsung made you believe that apple would go up and earn you 500. Why did you sell? Why? ??

This is the investment section right. Not the slow lane area

Seriously dude, you're giving my post more importance than needed. I was simply stating a fact. Instead of wanting the object, I wanted to GAIN from the sales of the object (indirectly), and I did.

I'll reply only to your question why I sold: because I aimed at $500. No more, no less. I got what I wanted, and AAPL stock increased even further.
I sold at ~$110 what someone can sell today at ~$113. And my $500 are going to something more "interesting".

 

[pickeringmt]

I'm not try to be a dick here but you didn't do anything

Dude, you turned this thread into a chance to talk down to someone about a personal accomplishment.

There are better ways to feel good about yourself.

 

[ZCP]

Invest > spend frivolously.

To the OP, what are you doing with the $500. That will tell if this is event or process........ and thus fastlane.

 

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[Writer]

Dude, you turned this thread into a chance to talk down to someone about a personal accomplishment.

There are better ways to feel good about yourself.

To be fair, I don't think he's trying to talk down to me. At least I hope, otherwise yes he's a dick.
It seems to me that he's reasoning from a more fastlane-zealot perspective. He is right in saying that what I did is not fastlane per se. However, he's failing to see that the post has to do with mindset (investing instead of spending) and the concept of known-knowledge (the individual knows more than what he think he does, but unless he willfully act upon such knowledge then it's worthless). He is also failing to see that I never claimed to be in fastlane.

 

[Writer]

Invest > spend frivolously.

To the OP, what are you doing with the $500. That will tell if this is event or process........ and thus fastlane.

The $500 will be used to pay for my LLC paperworks etc. That was the original plan, and I am sticking to it. The investment was just a (minimal) financial boost while I was preparing setting up my business. I knew that I would've not opened the LLC last month, so I preferred to invest what I had rather than keep the $$$ still. "Soon" I will publish an update in the INSIDERS forum.

 

[mt_myke]

Other than being an apple fanactic about their prodcuts - do you know anything about their balance sheet? cash flow? etc? do you study this stuff?

If you believe markets are efficient it shouldn't matter because all that info has already been analyzed and "priced in". And yes, that implies fundamental analysis is a waste of time, a belief which will surely burn up many stock pickers. It worked for Warren Buffet precisely because no one else was doing it...you certainly won't glean any insights from Apple's public documents that haven't already been exhaustively extracted by the legions of analyst grunts who do it professionally.

 

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[pickeringmt]

Invest > spend frivolously.

To the OP, what are you doing with the $500. That will tell if this is event or process........ and thus fastlane.

That is a GREAT point!

I started my business less than 1 year ago with less than $500.

The challenge has been given!

 

[Unknown]

Congrats. Do remember that investing is a long term process. Making $500 so quickly is more along the lines of speculating. Careful with investing money you plan to use within the next 5 years, because even Apple could drop 50% in a matter of days given the right circumstances.

Good luck with the business