Loss Number One

In 2007, Shamar was making good money through his "business". We started looking for a way to make it all legit on paper, just in case Uncle Sam started looking our way. After racking our brains, I came up with an idea. Why not invest the money into stocks, and if we make a profit, we would be washing the money and making it clean. Now we had no experience , no knowledge of the stock market , but Shamar trusted me and gave me nine thousand to invest , just to see if it would work. Now, with no help, I started watching Bloomberg TV to try and get and idea on how to go about trading. At the time solar energy was a big topic and I decided that we needed to invest in that market. But what company? how many stocks? should I go all in?? I had no idea. After a few days, I had a list of possible companies, now came the process of elimination... at the time, my favorite show was CSI Miami , and there was a company on my list who's stock symbol was CSIQ ( Canadian Solar) and that's the company I chose. We walked into Charles Schwab and placed the nine thousand in an account, then we stared buying shares of CSIQ.

After a few weeks all nine thousand was placed into CSIQ, and then wonders of wonders, we started making money! it was unbelievable. With in the space of six months our nine thousand turned into twenty and the bank was willing to loan us their money so we could do more trading. At first I told Shamar not to touch the banks money, because I realized that it could end up hurting us in the future. But it was like fast money to Shamar, we would go to bed and wake up the net day up another thousand. He wanted to do it bigger and better. He made the decision to trade with the banks money, sell CSIQ and do day trading instead.

Day trading was much more risky because , instead of having  your money sit in one company for lets say a year, each day you were instead moving your money from one company to the next, jumping from one stock to the next. Shamar loved it. He loved that in the space of ten minutes he could make a thousand dollars, but her never knew how to walk away, for every thousand he made each day, he lost about four. Anyway , by the beginning of 2010, We had turned that nine thousand into eighty five thousand and change. I think that we did  pretty good for a couple of first timers. However, all good things must come to an end, two months before Shamar went into the hospital for the last time, The stock market took a dive and while I begged with Shamar to sell the stocks we had, he insisted that we hold steady and yep you guessed it, we lost it all. When Shamar died, I had three thousand dollars to my name, between his court fees and lawyer fees for when he was arrested and him giving away majority of his money in the height of his madness, I was left literally broke. This was my first loss of 2010.