LIVING OFF DIVIDENDS & PASSIVE INCOME

I had an afternoon lunch meeting with an LA business owner. He was trying to raise money for his “Audio Erotica” business. He figured that audio books were growing at a ferocious pace and no one was servicing the needs of Erotica fans(over half of which are female!). So he’s tied up with several synergistic partners – well known porn stars(like Jenna Jameson), a publishing house, an audio recording company and is has already created several audio erotica short-story sets. Very interesting concept! He was meeting with me because he wanted to raise some more money. He’s issuing an 11% convertible dividend and expects to double or triple the investment in 3 years. The only issue I have is with his valuation, which at $4.2 million is a tad too high. I may not invest but I believe he’ll make money in his venture.

After that I skipped out of work and went sailing! That was fun. We docked at a harbor restaurant had a few drinks and went back! Then it was time for dinner and a real estate meeting. Quite a busy day. But it was fun!

As a follow-up to my Invest In Porn post, I actually did invest in a small start-up company that provides the technical website generation and templates to would-be porn-trepreneurs (I just made that word up!) – so basically it provides the technical framework and the ability to integrate data feeds. The deal is to get back 100% return in 18 months and still keep a small equity stake in the company. I’ll let you know how it goes. Incidentally, that post is the 2nd link on google.com for the search ‘invest in porn!’.

• 10 Reasons Why Gold Should Break $1000 This Year Today's guest post comes from Bruce, CEO of Superior Gold and includes a free silver coin! For many years I was a successful real estate investor. However, I realized that the market was getting very speculative and decided to get out while the going was good. In 2003, I sold......
• Reliance Power: An Indian IPO - Part 2 As a continuation to Part 1, the Reliance Power IPO was over-subscribed . There were 3 slices, retail investors, high networth individuals and qualified institutional buyers. All three were over-subscribed by more than 75 times. In Indian IPOs, you need to send in a cheque for amount you'd like to......
• A New Kind Of Nigerian Scam? I recently got an email from a reader that I think I should share with you. It involves a new kind of scam and you need to be aware of it.Hi: I have a question regarding real estate fraud. I have an ad on a website selling my property (for......

• A Comparison of No-Risk Investment Options With the recent unprecedented turbulence in the stock market, many are wondering if "it's safe to go back into the water" and many people who thought they were pretty comfortable taking on some amount of risk with their investments by investing in small-cap and mid-cap mutual funds are finding that......
• How to Start Getting Wealthy Right Now So many of us set goals like trying to become a millionaire by the age of thirty or forty. (Confession: Once upon a time, I thought that 27 was reasonable with the way the stock market was going). Some of us set a goal of being wealthy enough to take......
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