Tag Archives: making money

“Tech Wreck?” NOPE! Just Another Step In The Trek ;) … AND Cryptocurrency Craze!

I’d like to start off by saying that I apologize for the lack of content on this blog recently. I have so many ideas for posts but with all the individual businesses I run it’s hard to always find the time. I’ll try to do better in setting aside time, as I truly do enjoy sharing my thoughts with you all and I plan on this blog being a huge part of the rest of my life. We’re only getting started!

First off, as you may have heard, a week or two back there was a “Tech Wreck,” as CNBC liked to call it. Shares of technology stocks were plummeting, but if you checked the market now, you wouldn’t know it as they’ve mostly all came back. To me, it seemed like market manipulation at its finest. I was following the charts closely, and the way the trades were happening while the stocks were falling it simply looked like computer generated trading. Tech stocks have been on a tear this year and my best guess is that the algorithms of today’s trading softwares were rebalancing portfolios.

The valuations of many tech companies are high. There is no denying that fact. But many of these stocks have future growth potential that boggles the mind. I won’t get in to every single tech stock in this blog post, but take Amazon for example. Amazon continues to dominate, and expand to areas that nobody ever thought possible. Just a short week after this so-called “Tech Wreck” news broke that Amazon is buying Whole Foods in a $13.7 billion dollar all cash deal. This will give Amazon a huge physical retail footprint on the market. Once this news broke, retail stocks began taking a HUGE hit, and still are.

Amazon is killing it with its web services, they continue to work on likely future drone deliveries, and just imagine what we HAVEN’T heard rumors about as of yet? I see this buyout of Whole Foods as just the beginning. I can see them possibly purchasing more grocery store chains, or even a department store chain. I’ll go out on a limb here and say that I could see Amazon buying Kohl’s in the next few years. Perhaps instead they may even buy Sears?! Not only can Amazon expand its business in many different ways with the Whole Foods purchase, but they can also expand their warehouse and fulfillment capabilities. It’s truly a win-win for Amazon.

When this “Tech Wreck” hit, while many were talking about how Amazon’s days of grace were over, I immediately went on the offense and started to buy and was able to purchase more shares of Amazon and Facebook at a discount. I bought more Facebook at $149.60 per share (as of this writing back to $155.07) and more Amazon at $978.31 per share (as of this writing back to $1,003.74).

Unlike many, I DO NOT see a recession coming any time soon. Not in 2017, at least. 2018 in its entirety is too far out to predict right now, but I would say the chances are slim. Will there be pullbacks? Yes. A correction? Yes, likely several. But are we in for a huge recession filled with doom and gloom? Not yet. My best prediction is that the Dow will reach closer to 30,000 (up from its current 21,394.76) before we get closer to the next recession. As for the stocks I mentioned, Facebook and Amazon, my target price for Amazon is around $1,250 per share and my target price for Facebook is around $200 per share, all within the next 6 to 12 months. What am I saying here? BUY. BUY. BUY!

I’d also like to mention that when there is a recession, eventually, which there WILL be, I’ll be ready. You should also. You should make sure you are sitting at least a little cash aside every time you invest for when it does happen. A recession is the single greatest opportunity for anyone to grow their money and business, despite the initial loss which will likely occur if you are already in the market. Then again, it’s NOT a loss if you DON’T sell, which I won’t be doing. A recession is a HUGE buying opportunity.

Now, to my other current obsession, cryptocurrency. What is cryptocurrency you may ask? Well, thanks to Google, here goes: “a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.” When you read a lot about cryptocurrency you hear a lot about the underlying “blockchain technology.” What is that? Again, thanks to Google: “A blockchain facilitates secure online transactions. A blockchain is a decentralized and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network.”

I believe this technology is a huge part of the future. Right now the market for these cryptocurrencies is very volatile, but I’m slowly growing a small position which I plan to hold for the long-term. There are literally thousands of cryptocurrencies, but only a few main ones, which I consider to be Bitcoin, Ethereum, and Litecoin. I have bought all three at various prices, and do so using Coinbase. It’s one of the more reliable places to purchase cryptocurrency, although the site does sometimes have issues where it goes down temporarily. Hey, when you’re blazing trails sometimes there are issues. We’re really still just in the beginning stages of this. If you look at the rate of return that Bitcoin, Ethereum, and Litecoin have had in the last year, to me anyway, it’s well worth a small risk. Am I going to sell all my stocks and cash out my savings to “bet the farm” on cryptocurrency? No. Am I going to continue to grow a small position and take a chance on what I believe to be a huge part of the future? You bet your ass I am, and I think that you should too.

I’ll be writing more on tech and cryptocurrency in the near future, as well as sharing more shopping hauls, and information on other investments I have recently made. Plus you never know what else may give me the spark of motivation to begin blogging about. I’ve got a ton of ideas planned out as well. THANK YOU SO MUCH for reading and if you have any questions, comments, or anything else, PLEASE leave them below!

THANK YOU!

Brent Ott

 

 

What Stocks I Am Buying In 2017 So Far And Recommend (Shopify, Nvidia, UPS) and What I Am Increasing My Positions In…

It has been a few weeks since I’ve posted here, so I figured I’d take this opportunity to share the stocks I am buying so far in 2017. Stocks which I am buying both for the first time, and also increasing my positions in.

So far this year I’ve purchased shares of three new companies. These include Shopify (SHOP), Nvidia (NVDA), and UPS (UPS). First off I’d like to talk a little about Shopify, which is an ecommerce company based out of Canada. Shopify has been my biggest winner so far this year. I bought shares on January 20th at $50.09 per share, and currently as of this writing it sits at $61.52 per share. That is a roughly 23% gain as of this moment. Shopify has been growing quite steadily over the past year, and I see it continuing to grow. They have announced a working relationship with Amazon, and have had tremendous earnings. Even at the current price, I recommend it as a “buy,” but before I increase my position again I’ll likely wait for a slight pullback in the price.

As for Nvidia, which is a technology company based out of California, I purchased my shares on February 3rd at $114.38 per share, and it currently sits at $107.23 per share so it has lost roughly 6% as of now. Despite that, I highly recommend it a “buy.” Within the next several weeks I plan on increasing my position. Based off their technology regarding artificial intelligence, virtual reality, and autonomous cars alone the stock has a tremendous upside potential which should not be overlooked. The stock has exploded in the past few years and I see it continue doing so.

Finally I purchased my shares of UPS, the World’s largest package delivery company, on January 6th for $115.40 per share. It currently sits at $106.90 per share, so again it has dropped and as of right now lost roughly 7% per share. I see this pullback as another opportunity to buy more. With the continued growth of Amazon, Shopify, and ecommerce in general somebody has to deliver the packages, and UPS stands in the best position to capitalize on just that. Aside from the strong growth potential for both Nvidia and UPS despite being down, both are dividend stocks. UPS currently pays 3.11% and Nividia currently pays 0.52%.

I wrote a blog earlier this year about my opinions on Facebook & Amazon, which can be found here. I continue to stand strongly behind the future of both, and I have increased my positions on both stocks so far this year. I will continue to do so at various times throughout the coming weeks and months. If you enjoy these blogs where I share my buys, recommendations, etc.. please let me know in the comments below. If you have any other recommendations for content, leave those as well. I have been enjoying writing this blog in 2017, and have a lot of ideas to improve it. Thanks for reading, enjoy the rest of your day, and don’t forget, leave those comments! I will reply!

Thanks again!

Brent Ott

Reselling: Always Was, Still Is, and Forever Will Be My Anchor

In my younger days I spent my time working “for the man.” You name it, I’ve probably done it. I’ve been a Cashier & Stocker at a grocery store, a dishwasher at restaurants, I’ve cleaned dorm bathrooms. I’ve Managed a Papa John’s and an Arby’s. I worked at a McDonald’s… well, for a day or two anyway. I’ve cleaned big box store floors, done food prep, as I said, you name it, I’ve probably done it.

Everything I mentioned, I hated in some way, shape, or form. I always dreamed of running my own business. When I was little I used to have my own office set up, and spend my allowance on office supplies just so I could pretend I was “the boss.” I briefly started a house cleaning business, just to get my feet wet, but that just wasn’t me. It wasn’t until around 2010 when I finally found what would eventually become my anchor in the business world: reselling.

There is nothing like the feeling of searching thrift stores, yard sales, flea markets, church sales, and anywhere and everywhere else for that thing that you know is underpriced, that you can easily sell for double, triple, even 100 times or more as much as they are asking. It’s a rush like nothing else. I first got the idea that I could actually make a business out of reselling by watching History Channel’s “American Pickers.” From the very beginning that show just spoke to me.

My reselling journey has taken a lot of twists and turns over the years, as you always need to be willing to do in any business. I’ve gone from mainly selling vintage advertising and collectibles, to now selling mainly clothing with a little bit of vintage toys, vintage household goods, and everything else in between.

To show you the potential that reselling has to offer, I wanted to share a few of my favorite scores from my journey, and I’m sure I’ll be sharing more in the future. The first is from nearly 5 years ago, and was from when I was big into selling vintage advertising. I picked up this Muscadine Punch sign at an antique shop, I believe in West Virginia. I was on a little road trip with my girlfriend at the time. It was priced around $120, but being the type always willing to haggle to get the best deal, I talked the guy down to $80. Once I got back home I listed it on eBay, and sold it within a week or so for $400!

It’s not the only sign I’ve sold for a similar profit margin to that, either. There are countless others. It is, however, one of my most memorable and one that my girlfriend and I talk about to this day.

For a more recent score/flip I want to show you a Polo Ralph Lauren Purple Label shirt which was new-with-tags that I sold on eBay already in 2017. I picked it up at a Goodwill at the end of last year. It was in the long sleeve section, which usually costs $5.50 a piece. However, I was using a 50% off card that particular day so I ended up getting it for $2.75Certain Goodwill stores price things of one type all the same, others have individual pricing, some have a mix of both. As for the shirt, after sitting listed on eBay for a month or two, it ended up selling via a Best Offer for $149. 

These two examples are what we like to call “homeruns” in the reselling business. They don’t happen every day, but when they do, you enjoy them. Reselling is really all about the little “bread and butter” flips that add up. $5 to $15, $2 to $10, $10 to $30. These little flips over and over on a consistent basis are what keeps a reselling business going and growing.

For the past 6 or 7 years now I have made a full-time income with reselling, and I’ve slowly added other streams of revenue into my business, with some plans of other additions on the horizon. I’m the type that always likes to have my plate full, and am always full of dreams and goals. No matter where I end up and where my passion for business takes me, one thing is for sure, and that is that reselling will always play some sort of a part. I have truly never been as passionate about anything else I have ever done in my life as I am about reselling. I am very grateful for the opportunity to do what I do every single day.

I’d never recommend that anyone just up and quit their job, especially if they have a family to support and bills to pay. I would, however, recommend that anyone who is looking for an extra source of income that could, over time, grow into a main stream of income, try reselling. A good way to start is just by looking around your home. Everyone has got a pile of something somewhere in their home which they aren’t using and/or don’t want. Start by trying to sell some of those things, and just see where it takes you. Years ago eBay was the only place to sell, but now, so much has changed. There is a vast variety of marketplaces to try online, and many avenues in “real life” such as antique malls, flea markets, and your own personal yard sale. Plenty of opportunity to get your feet wet.

I love reselling and I always will. If you’ve ever wondered about it, there really is only one way to find out and that is to give it a shot. Trust me, everything has a market. One man’s junk really is another man’s treasure. Many things in life are underpriced with profit potential. Hopefully I was able to get your mind working on a different level. THANK YOU for reading and I’ll be sure to share some more reselling content here in the future. If you have any questions or comments PLEASE feel free to leave them below and I will respond!

THANKS AGAIN!

Brent Ott