Life of an entrepreneur
I created this website for writing my personal life progress and memories. Please feel free to read. I travel between Toronto (Canada), Iran and Mauritius. Overall the things I like are: dancing, travelling, and building awesome companies.
September 28, 2016
September 24, 2016
These are very crucial months of my life. If things go well until December I will know for sure if I can live like a retired person or not. It could really go bad at the same time! But we will find out in a few months. I am spending my last hours of being in Mauritius at Cafe Lux where I worked a lot and made a lot of money. Let’s hope I do not lose it in IRAN :)
September 23, 2016
I am spending my last day in Mauritius. I just updated my Mac to the Sierra OS and I can now talk to my Mac! Like talking to my iPhone was not enough! Well, Mauritius taught me a thing or two and now I am just waiting to go to Iran. These months are the final most important months of my life as I am making a lot of important decisions!
September 22, 2016
Does not matter if you have a 7 figure income. Does not matter How much you got in the bank. The only thing that matters is that do you have the strength to quit your job today and live luxury and do what YOU LOVE for the rest of your life or not and can you maintain it? A lot of people brag about how much they make but if you are not LOVING what you are doing to me that money is not earned. Life is given to us as a gift to do what we love to do with it. I am not saying to quit your job and start travelling, no! But aim for it, on the side plan to do something that gets you financially free, either it is investing or your own business. But do it! The feeling that you are even trying for it makes your life so different. If we were given 1000 years to live instead of 100 years. Only those who do what they love will continue being strong. The rest will burn out by year 200. Even 100 years is long enough. The system is designed to send us to school and if you are not a good student like me, you will hate your life for many years. I noticed only when I start trying to have my own business was the time that I started enjoying life.
I am just planning my future now at Lux Cafe in Bagatelle. I am planning to start an investment firm in Mauritius soon. Maybe not a firm but more like a fund. Or I may consider going only with tech business. I really want to do something amazing before I die. I want my children to carry the name of “Eydat” with a pride. I really have a good feeling about becoming and trying toward becoming someone who creates value! I know there are many people with a lot of talents that with a bit of fund could do something amazing. I am all for that kind of service. I will show you how great I am :)
September 13, 2016
I am hiking right now in Mauritius. My Apple stock got a huge hit the past week but have been up 3% in two days which makes it great again. I am planning to go to Iran now to see my friends and a potential lover of mine. If things go well I might be spending the last months of being single. I want to stay single for a long time if this does not work out but we will see how it goes!
September 12, 2016
The more risk you take the more stress you will have. Stress is a part of business and the more stress you have there is a cool feeling that comes along with it when you are managing it properly and it is the reward of excitment. When you are taking too much calculated risk and the reward is calculated, there is a lot of excitement that can follow this. I personally never thought investing this aggressively is this rewarding. I would have never done this in 1000 years. But it is worth it as I am in a situation for the last time to take this amount of risk. Later I will be married and cannot ever take risks like this ever again! So I am really excited these days because I am taking risk that I cannot afford if I was in a sane mind.
September 9, 2016
Today I got my Mauritian passport. And that makes me the first and only Mauritian man on earth that holds Iranian and Canadian passports too. The chances of someone getting this combo of passports is really slim. Maybe my kids will have it too. But I am very excited for this because it will allow me to stay in Mauritius as long as I want. And I am extending my stay all the way to next September unless things get really ugly here. For now I am happy investing until November and after I will start a business of my own again as it is my passion. These days I work at Bagatelle Lux Cafe which is awesome and the rest I am at the beach or with friends! Life’s good.
September 1, 2016
I believe in risking in life. Not too much but to a point where it is worth living. When you do not take risks life is boring and it is not that exciting. But when you take risks the rewards could be great and at the same time you can lead a very exciting life.
I have decided to take a huge risk and bet on the fact that the market will not crash so if I am wrong then I am wrong and things are not as pretty as it looks now. But I have a strong feeling that human have grown and markets will not crash. It might go down but shall not crash!
August 22, 2016
I have noticed when I do something I like I perform way better in life than when I am doing something I do not like. Today I think I may make a huge turn over in my life and cut a lot of things that I do not like doing. I used to be interested a lot in them but as time passes I realized I am interested in other things. Wish me luck!
August 18, 2016
So I have decided to invest in the market with my dividends monthly and invest about 1.5% extra every month as my portfolio gets bigger. I am collecting some good dividend and I have no idea why I have no been doing this for longer. I am taking a lot of risk at the same time but I am sure it will work out ok if I do it consistently.
August 15, 2016
I am heavily invested in APPLE now! I honestly could not wait for November. I think Apple will do great no matter what. I can vision a day that this stock is going to the moon and I am coming to read these notes and tell myself “oh gosh what a smart move”. Enough said, please invest in Apple if you got money. The second rule I have is this, reinvest the dividends and the last rule: NEVER SELL A GOOD STOCK!
August 8, 2016
This is almost my third week in Mauritius. Time is flying. I have had some business ideas that I wanted to execute but none of them seem decent. The first one was a car rental business. But I think I should stick to my tech business but the market seems really tough now. It is really difficult to make money though I should not say that according to the secret rules :) Anyway I am still hoping lots of good things to happen in my life. Soon I might bring my best co-worker to Mauritius and see if we can do something.
August 5, 2016
Life is all about how happy you are. Since I moved to Mauritius I feel a lot happier than before. I am doing a lot more fun things in life and I am more active. I experienced Nirvana about two years ago, maybe something very similar but I am becoming happier and happier these days. I maybe wrong but we will find out soon. This year is a very critical year for me as I am making a pivot in my life and I am trying to find my passion. I really want to do what I love even if I go wrong by taking this risk. I can always fix it down the road. But that’s another thing to worry about.
August 3, 2016
Today after running all around the town to buy a motorbike, I ended up buying a car. I bought an older Nissan car for my stay here in Mauritius. I might regret buying it but if I stay here long enough then having a car is a good option for me.
July 31, 2016
So I have been in Mauritius about a week now. It is a wonderful place and I am learning a lot. I invested a little more money into Apple and it is already at a very high price.
But we will find out if it was a good investment in a year. I truly believe in their products and I am in love with them. So even if I am wrong I will not be very upset as that is a decision of my life to love Apple products. Google is also a very good looking investment but since they are not paying dividend I cannot invest in them. I NEED quarterly income to invest in a company. I maybe wrong though, but I have this firm rule in investing and I really do not want to break it. Google is a different kind of investment, it is a company that you can hold for life. It is basically the internet, but I wish they paid dividend.
I also have to start eating less since I stopped going to the gym. It is really easy to put a lot of weight :(
July 30, 2016
I have mentioned this many times. But very small decisions early in life are considered big decisions in future time. The same way that small money in the past will worth a lot more investing it for the future.
I am really stressed as I have to make some serious decisions these days. Wish me luck!
July 28, 2016
So I am now in Mauritius and I am having lots of fun. I have got my car and internet set up and I do not need anything else to enjoy a decent life.
People are friendly here and very educated. I am going to start working hard too to see if I can get my business growing here.
July 23, 2016
After 35 hours of transit I arrived to Mauritius with my dad today. Things are really different here. But I do feel a little better than when I was in Dubai yesterday.
I got my phone and internet going and I got 50 Gb of data which is more than I need, it is also very fast so I thing my productivity would be the same as Canada if not better here. Anyway, got a lot to do. I will talk later.
July 19, 2016
So here we go, the day before going to Mauritius I went all in Google stock and some HSBC. Seems like amazing opportunity. I may be wrong and things will not be good. I am basically betting that the markets won’t crash. I really had a feeling that markets will crash. But I am just not patient enough. At the same time not being exposed to market have always caused me great loss. So lets see how things work out. Today is my last day in Canada and I am going away for at least a year. It is going to be a very interesting year.
I am so serious about Mauritius that I even cancelled my phone service.
July 16, 2016
Life is really marginal as I explained. Any mistake could take you to ground. And one the good side, one right movement could change your life in a way that you will always appreciate that right movement.
These choices come in life many times. One pick of right stock or the right job could be that one thing that you need to live a fantastic life. And one pick in the wrong stock or a bad job could cause you to suffer for a very long time.
I have come up with this strategy of my own which seems to work very well for me in stocks. I can easily have a higher return than the market using this strategy. It only consumes your time a couple hours per month and you could easily yield 2-3% extra guaranteed over the market. However this works only for accounts less than 2 million dollars. Over that this strategy will not work.
July 14, 2016
Only 5 more days in Canada and I am off to Mauritius where I think I am making a huge pivot in my life. These days I enjoy sleeping and going to gym a lot.
Those two are the main activities in my life right now, apart my daily ice cream that I get from McDonalds (got to cut on that soon). Stock market is definitely moving in the right direction. I should have not sold on Brexit on the small dip that we had. I kept most of my stocks.
July 10, 2016
When I wake up I automatically know if that day is going to be a good day or an average day or just a very bad day.
Sometimes I wake up and I feel divine. I feel one with everything around me. And sometimes I wake up feeling a little separate from the world. Today I woke up early and went to McDonalds and got myself a Pancake. This used to happen often but recently I wake up a little later. Today I woke up at 8 feeling divide and got myself coffee after a long time. It felt great. I am in Canada 10 more days and I am looking forward to some major change in my life.
July 8, 2016
Today I thought to myself every time I stayed out of the stock market and waited and waited I always lost. It is my very bad Psychology skills that gets in the way. Every time the stock goes down in a few days I sell out and come out. It has been multiple occasions specially recently that I sold on the lowest day and as soon as I sold the stock went up very quick.
However, the fear has saved me a lot in losses too. If I didn’t take money out I would have lost a lot in oil stocks last year. Anyway I think I am breaking even in this strategy. But on Monday, I am planning to start buying stocks on margin and take some risk before going to US elections. I do not think the market could crash anything like 2008. So why not go in now.
July 5, 2016
If at an older age you do one little mistake it could cost you your whole life. This life is really marginal. There is so little margin for error. I am not saying you should not take risks. Actually not taking risks is what is risky. Because you could become so much more successful risking.
But there is little place for mistakes.
July 4, 2016
I follow the stock market almost everyday. It blows my mind to see some of the stocks grow 8 to 10 times in less than 10 years. If you use margin to buy some of these stocks that grow so fast and get lucky you can retire sooner than you think.
I am heavily invested in Apple right now and I feel it is one of the stocks that will grow 4-5 times soon enough. I may be wrong and it might tank like Blackberry or other tech companies. But Apple is far from crashing at this point.
July 3, 2016
I am leading a very stressful life. I have taken the risk of not working for a corporate and going with hopes of creating my own company.
I have had success on multiple occasions building a company on my own but it just seems that it has gotten more difficult these days. I am not sure is it because of the way how the market is not moving or is it that I am just getting older.
I get really stressed out some days like today about my future. I sometimes even think about going to get a regular 9-5 job and destroying my dreams. It is less of a risk but I will have a decent secure life. When you are funding your own company and not having a job you could burn through a lot of savings very fast specially if you travel like me. As the market slows I might have to cut on some of my spendings.
July 2, 2016
I talked to a guy today at the gym who owned a few condos and stocks. I thought condo business is over in Toronto and the prices are going down. But I think he changed my perspective. There is still a lot of room for them to grow. There is less maintenance than house for condos.
I am going to Mauritius in 17 days and I am super excited for the risk I am taking to transfer my business. If things go wrong that would really hit me hard because I am at my prime age in my life. Lets see how things go.
June 30, 2016
There are days that I wake up and I feel like my life could not be better. But there is always room for improvement. But I have made a lot of bad decisions at the same time some of my decisions were really good, specially the ones I made in 2011 and 2012. Since then my decisions were not as good and it is getting me worried.
One wrong decision at this stage could cause a lifetime mistake that cannot be fixed. I have noticed that if markets crash and I make one small bad decision when it is really low I could lose everything. Lets not be that pessimistic, on the good side one right decision could double or triple my net worth at recession times.
June 29, 2016
I have been the worst trader in the past few months. Basically whenever the market is moving up I am buying and when it is down I sell. I am doing exactly the opposite of my own trading rules.
But it is not easy when you are in the situation. After Brexit I sold a bunch of my stocks and now two days after they are all back up again. This sucks!
I am 80% sure that the market will go down until after US election. If I am wrong then that would suck even more because I am ready to buy more stocks at a cheaper imaginary price.
June 28, 2016
So I thought the markets will start a free fall very soon. Yesterday I sold all the stocks that I had on margin. But today stocks went up. I am definitely not a lucky one.
But I am sure markets will react badly to the US election, I might be wrong again and that would really suck. Yesterday I met a couple of investors and got some really good advice on stocks. However I think the best investment is investing in your own company. You will make a LOT more money in your own company if you know what to do. That is what I am planning to do.
June 27, 2016
After Brexit (United Kingdom getting out of the EU) the markets have been responding very badly. US election is not helping either. I sold whatever I was owning on margin in stocks.
The risk was too much. Looking at every US election the market has had a dip. I may be wrong but the logical thing to do was to sell some of my stocks and hold the cash until (hopefully) the stock goes down. If it goes to half price it would be amazing and fun!
In 2008 a lot of people lost a lot of money, some even lost all they had gained for decades. It was a brutal year to own some American banks. At this point I can relax and just enjoy the market since I am not at risk anymore.
June 25, 2016
Today I saw an old friend of mine. Time flies. Life is a precious gift, it is very short also. There is really small margins for error. Some small mistakes and errors are ok, but bigger mistakes can be fatal and life long regrets and impossible to recover.
I was thinking to myself what is it that I am really looking for in life. Few years ago it was a nice car and a house and family life. Today though I would say it has changed a lot. I looked even more into the future. What is it that I want after having it all.
June 24, 2016
Finally the day that I thought would come has come. The markets were down today by a lot. My Google shares dropped by 4.5% today. I KNEW IT! That is crazy how I was even ready for a day like this. I expect the market to go even further down but that would really scare me. If the market drops another 5% I am totally getting out of market till after US election.
Anyway, lets see how things work out.
June 23, 2016
So I was browsing Youtube and I see a lot of rich people in other countries. That is crazy how rich some of these people are. For example people in Dubai. What we call luxury here, they see it as regular living.
I wonder how they made their money. I believe most of them have inherited their wealth.
I see a lot of Lamborghinis in Dubai. For owning that car in Canada you have to work all your life and save up everything to just own that car.
Even if you have an engineering car you will need 10 years of hard work and saving everything to own such a car. This is why I wonder what is it that they do.
June 22, 2016
So if you do not know, I am bipolar. That means that I have moments that I feel very high and motivated and I could feel depressed and hopeless the next day. This is something that has helped me through life and success so far.
I have noticed that when I am very high I start a project and leave it on my low days but overall I will get back to it and get done projects that a normal person would never do.
My friend is flying to Iran today and I am kind of jealous. I am still unsure where I want to build my next start-up. It is definitely not Canada. It will be Iran or Mauritius. I will find out in a couple months.
June 20, 2016
When it comes to a down-market, your best friends are your fear and patience. I have learned this in different times. Right now the market does not seem to want to go up. The presidential election is around the corner. The past few elections have shown that the market WILL go down. The uncertainty is very well shown looking at the past graphs.
I am thinking of instead of selling and waiting for the market to go down, I should do covered calls with options. This way I collect a premium doing that and I am not getting out of the market which is a very difficult thing for me to do. So covered calls it is.
June 19, 2016
Once you have over 500K in savings or investment, life is a lot easier. The reason for that is that if you have that amount of money invested in a strong stock that you can hold for life and gives you a return of 8-10% a year and use a bit of margin for it then you can have salary of a regular engineer every month. From there you can invest into the same stock or different stocks. My strategy is similar, I have my base stocks and whatever I get in gains or dividends from my base stocks I invest in other high dividend stocks. If you follow this strategy after 10 years you will be really really rich!
June 18, 2016
So looking at the history every 8 years around this time, right before the presidential election, there is a market crash. If I am right then it will be difficult for me. Because I am not selling any of my stocks and I am very exposed to the market as of now. I get tempted to sell some of my stocks and re-buy when time comes (which is sometime in December 2016) but it is a very difficult act. I want to be exposed to the market all the time.
June 17, 2016
If there is anything I learned in the past 5 years trading stocks, it is not to sell. Basically what makes a successful investor is an investor who chooses stocks that s/he going to hold for a long time.
I have also decided to follow my own rule and invest in dividend paying stocks that I am going to hold forever. TD and RBC are two of them that I am holding forever. ENB is another that I am looking into. Apple also is a stock that I am going to hold for a very very long time if not forever. I might convert my Google stocks to Apple or vice versa sometime!
June 16, 2016
When I think about it I have achieved 80% of my dreams. The rest of my dreams are basically just higher numbers and bigger scales of what I have now.
The bigger dream is to increase revenue of my current companies and opening another successful company. When I have a lot of money opening a charity company doesn’t hurt either :)
I have started a strategy called ”Ten-a-month” I am planning to invest 10K every month to add to my portfolio aside re-investing into my own business so that I have more than one leg if anything happens to either.
June 15, 2016
I plan my life over and over with different scenarios everyday. I even have chosen my 6 kids names :)
My company Kerixa is working on a bunch of Facebook games and we are hoping to have a lot of success. Two of our apps have build very good user base and we are using that to improve on other apps.
Also our websites are doing well and at the same time we are launching new websites every month.
If we continue with the same speed we will have our 100th website in 3-4 years.
That would be awesome!
June 14, 2016
Everybody has a way to cope with stress. For me I write here or sleep or watch Youtube. My stress is not that I am not going to be become successful. It is more like I am worried that I do not enjoy the ride of the next industry change or the current opportunity that I hear success of many people everyday who took advantage of an opportunity.
June 13, 2016
Ah this morning I was pretty stressed out and woke up because it is the special day for Apple and it is WWDC. The shares only dropped by less than 2%. I thought today there will be a big movement in Apple but 2% down is not that bad.
Other than Apple, I am holding GOOGL and some Canadian banks in my portfolio. I know, it is not very diversified but I believed highly in Apple and Google. I would only diversify if I had ten times more money than what I have now. But diversification is also a risky act. The other two are TD and RBC bank. These 4 stocks I really know about them. If I invest in anything else, I am investing in a company that I am unsure of their future. These four are what I am going to hold forever, unless an opportunity comes to invest in my own company.
June 12, 2016
The first thing I do when I wake up most days is to check to see yesterday’s profit. And when I see a up trend for the past month I get really excited
Today was one of those days where continually I have doubled the profit on one of my new apps in the past few days. I wonder how much this bigger guys make on Facebook with hundreds of millions of users.
The smartest thing that comes to my mind and I have been using this strategy for a few years is to create lots of apps and hope to have a lot of users on each one of them.This way the company is more secured and there is more to do. And one day, maybe one day, one of those apps that you just hoped to make a few dollars for you turns to hundreds of dollars a day. This has happened twice for me.
Right now I making my money on two platforms, Google and Facebook. I am not sure how scalable my business is. Does it mean if I continue to make thousands of apps and websites I could proportionally make more money. That is my business model for now!
June 11, 2016
I bought my tickets to Mauritius and I am moving for about one year. The date is set for July 20, 2016 and one of my favourite co-workers is moving with me. If things go well I might have my company moved to there and boom!
I am also very excited for my Apple stocks that I have purchased about a month ago. I think it will go up!
June 10, 2016
I personally believe that everyone should create a company before they die. The feeling of waking up in the morning and thinking that your company is growing is just priceless. The feeling of having a passive income is more than priceless.
My dream is to open a company that its main branch is in Mauritius and another in Toronto. An international company that works on games and websites or something tech related. I want to create something with value and pay back in my way. There is still a lot of room in the industry for start ups in tech.
And I definitely think that something big is going to come. Something that will change the way we do things in this era. I am getting ready to be a part of that movement.
June 9, 2016
I woke up and finished up this website. I made it quickly as this is mostly my personal notes written online. I hope you enjoy it.