Another week has passed by for me and I look forward to getting even more work done. As most of you know, my weekend starts tomorrow and I am really going to buckle down with a few goals that I have set for myself. I can’t wait to shed more light on the topic. In recent weeks I have drastically slowed down the amount of domains that I am buying. Less offers are coming in and sitting on a portfolio of over 500 domains isn’t exactly what I call fun.
I have several names which still need to be parked and will be conducting an audit on my entire portfolio in the next few days. I’ve talked about leaving money on the table before and that is exactly what I am guilty of right now! Now for the list!
The one thing you can’t get back in life is time, so make sure you are spending it wisely. At times too many of us get caught up in the money notion. We are more worried about saving money and getting a deal then we are about saving our time. This has been something that I have struggled with and I am again having to stop myself from doing it. The goal is not to work on everything myself, the goal is to get as much work done as I possibly can so I can free up more time to do the things I love. With so many great domains out there, it is really hard to zone in and focus.
As domain investors, some of us are easily distracted. There is always a great idea just around the corner. Yes, there will always be great ideas but it is important to really get one or two of those great ideas off the ground. Since I have a full time job it is really important for me to be to be smart about how I do this. In the coming weeks I will inch towards those main projects and bring an extra mind on board to help with everything else. In the end time is of the essence right?
Now let’s get to the list!
This weekend was an absolute fun one! My girlfriend challenged me at the Los Angeles Fair and she ended up beating me at the water gun game! I was able to redeem myself at the basketball hoops game, winning one of the biggest stuffed animals at the theme park. I still can’t get over the fact that I actually won something, as that never happens to me.
Next up we are planning to attend a few concerts and hopefully travel somewhere out of the country in December. Hopefully everyone was able to have a great weekend away from the computer! Btw, Shark Tank premiers on September 20th and I can’t wait for it to come on. I like the show so much that I even watch repeats of it. It is time to get back to work, so here is the list!
I went to the Los Angeles County Fair with Dominique last night and it was a blast. I actually made a basket at one of those so called rigged games and won a huge Scooby Doo stuffed animal. What’s even more amazing is I had a beer before doing this! The food was absolutely insane. We started the night off with fried pickles, which were better than I expected. Then I had a turkey leg and she had a brisket sandwich. From there we ended up with a nice sundae in our hands.
I played more games than I ever have at the fair and we ended up with a plastic bag full of stuffed animals lol. Make sure to check out the Los Angeles County fair if you are out here and have never been. It’s definitely a fun experience which takes you out of the normal daily routine.
Now for the list!
Today’s list is better than average. It contains a nice balance of keyword domains along side brandables. After work we are going to the Los Angeles County Fair. I’ve been a couple times before and had a blast. Although we’ll be getting there in the evening, that is the best time. Who wants to walk around in heat all day?
Make sure to enjoy the weekend! For those of you who will be in Los Angeles later this month I will be officially announcing the first domainer meetup of the year for So Cal. So make sure to stay tuned!
Here is the list!
This morning I hopped over to one of my favorite investment websites StockTwits.com and watched some of the Facebook commentary surrounding the surge in the stock. This is reminiscent of the good old days that the market has seen in the past. As with everything, all good things come to an end. One thing I learned from my Father about the market was the fact that it trades in cycles and there will always be opportunities to enter and exit. When it comes to stocks I tend to stick to a fairly strict investment strategy. I am by no means a day trader. There is no need for me to enter a stock and exit just as fast when I am a domain investor. I can get that exciting rush from buying and selling domain names.
I owned FB for well over a year. When I initially purchased the stock I didn’t go in thinking I was going to make fast money with it. In that time I studied what was going on with the stock and noticed that a lot of the momentum was coming from pure hype and speculation. When the stock went down, the bears came out and beat it to a pulp. I watched the stock drop to around $19. I also watched many people I know sell it at a loss, thinking that it would never bounce back. Well the truth is you never know what to expect with a new stock, but there isn’t anything new about FB. They only problem that I see is that it is overvalued and that equates to volatility.
Investing is fun, regardless of what capacity you find yourself partaking in it. Just make sure you set rules for yourself whether it be a stock trade or a domain auction and really stick to those rules. I’ve saved myself a great deal of money by simply tapping out. If a domain auction reaches a certain level and I am dealing with a set budget, I will literally move onto the next domain. There’s no need to look bad of what I could of purchased, the key is to be satisfied that you stuck to your guns and realized that there will always be other opportunities out there.
As for FB, I’ll probably buy back in on one of the dips. Will it ever go below 40 again? Only time can answer that, but I’m confident that it can and have put in a limit order at $36. Call me crazy, but I am just sticking to my rules.
Now let’s talk about domains! I’ve noticed that there are less solid domains dropping as of late. In my opinion this is a great sign. The less quality that is available, the more valuable those solid names become. I own a few solid domains and am going to be focusing on this area more in the near future. I’ve built my portfolio up to a point now where I am receiving a couple offers a month. Some of these offers are more serious than others, but it really does provide me with an overall look at what an end-user considers valuable. I buy names that an end-user would buy and most of the time that is either a brandable or a name with search volume.
Enough talking, let’s get to today’s list:
What a surprise. Today I logged into my GoDaddy affiliate account and noticed a number of new banners sporting Jean-Claude Van Damme. I haven’t seen this guy in a very long time. I remember watching his movies when I was a kid and always thought he was one of the better martial artists out there on the B list. I would of never thought GoDaddy would use him in campaigns, but I have to say it does make sense and boy does it leave a mark.
With the flurry of new ads out there, I have posted a few here along with a poll. I want to see how the domaining community feels about the new ads.
For you gamers out there I’ve really taken a liking to League of Legends. It is the perfect game to play to really get away from everything. As most of you know it is my weekend and I got up a little late this morning. I like to really enjoy my weekends, but that doesn’t necessarily mean I won’t be working. I like to keep myself busy and have a number of projects for clients and myself that I will be working on.
It’s been another fast paced week and I’m glad that it is over. Working for other people is comforting as you know you have a steady pay check coming in, but you can’t help to wonder what else you could possibly be doing with your time. As with everything it really does take time to build a real business and it is something that I will be embarking on once again.
Here are the names for today!
Yesterday I spent a significant amount of time researching how to start as an Angel Investor. One of my main goals for the remainder of this year is to invest in at least two or three startups based out of the Los Angeles area. The world of Angel Investing has always been interesting to me. In the end I want to be a venture capitalist and figured this would be a good start to achieving that dream.
In the next few weeks I plan on attending a few meetups on Angel Investing here in the Los Angeles area. Once I have my business structure together for that, then the fun begins. I want to be active in the Los Angeles startup community and what better way to do that then to introduce myself as a potential Angel Investor to those that need the money the most.
Not that I am here to give investment advice or anything, but I decided to sell all of my Facebook stock yesterday. Don’t get me wrong, I like the company but I don’t like the fact that it is overvalued. The hype around the company can only last so long and I found a good exit point. Combine that with the fact that there might be a war brewing, I’d rather have my money out of the market at this time then in. Once things start to dip, I am sure I will reenter.
Now let’s get going on the list!
While browsing through my favorite Startup news aggregator, I ran into an infographic which was put together by Funders and Founders. It pretty much details why everyone will have to become an entrepreneur. Most of the people I know fall into two categories listed in the infographic. They are either “Sidepreneurs” or “Jacks-of-All-Trades”. I would definitely be considered a Sidepreneur and can really relate to the infographic.
Some of us become Sidepreneurs simply to earn money on the side and others of us do it to eventually become full fledged business owners. Eventually I could see myself working for myself full-time again, but for now there is nothing wrong with playing the side game. I feel the infographic is a bit exaggerated simply because not everyone wants to be an entrepreneur. I have always felt that entrepreneurs are a special breed and not everyone wants to deal with the stresses of such an occupation.
Here is the infographic:
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