After looking into many ways of generating passive income I've made the decision to invest some my hard earned dollars into shares in a few small, somewhat speculative companies. I don't know how I'm going to go,  and there is a possibility I'll lose the lot but I haven't invested much and if one of these guys takes off like a Cisco, Amazon, or Walmart  I'll be a very happy  guy.

I tried my hand investing in small cap biotechs a while back with mixed results  and fortunately broke even on the exercise . I  was lucky as I did about 10 minutes research before buying these shares and one that I purchased a lot of nose dived  and  another I purchased a few of  skyrocketed ... net effect I got my money back.

This really solidified the pros and cons of investing in small caps for me and I have learned two key things from  this exercise.

First and foremost  I won't invest money I cant  afford to lose in small caps. I have realised that small caps are often highly volatile and you can easily lose the lot if you back the wrong business. If you are looking for a predictable steady return then there are probably better investing options out there for you.

Secondly  I do my own research ! (DYOR)  and consider any advice I am given in context believe it or not there are many people in investing forums who do not know what they are talking about or quite amazingly have their own interests at heart not yours.

Even though I don't invest what I cant afford to lose  I still like to maximize my chances of a great return by  de-risking my investment as much as possible.

My 7 point checklist been really helpful to me when deciding what my stock picks should be.

I've made a number of recent purchases  all of which are holding their ground and a few are looking to take off... I'm sure its just a matter of time.

Please wish me luck and remember to always look for a path to prosperity for yourself and everyone around you .. We will do better if we are in this together.

I've been trying to make money with Adsense for a long time with limited success  and lots of frustration but I've recently decided to  have another try and I think I'm making a bit of progress.

The biggest problem I faced was always that I didn't have a website which generated enough traffic to allow me to reliably generate revenue and I  think I have finally made progress to solving this  almost by accident.  Another one of my hands on enterprises is the sale of pens and pen refills via my website at www.mitrax.com.au  this  business is quite successful in its own right but some of the guides and resources on this site are now ranking quite well in google and other search engines and as a result are attracting quite a bit of traffic.

The other thing that was holding me back was that I had problems getting adsense ads to display on my pages .  I would add the code the ad would display for a few minutes and then disappear never to be seen again and I just couldn't work out why until I logged into google webmaster tools and found  a message warning me about Spammy structured data for http://www.mitrax.com.au/ .  After fixing the problems with rich snippets on my site I followed the instructions to submit a reconsideration request and a few weeks later  I got a message indicating that my request for reconsideration had been successful.  I had almost given up on displaying ads from adsense at this point  but decided to give them one last try and to my surprise discovered that they are now displaying correctly.

These ads only make me a little bit of money every day at the moment but there is pretty much zero effort involved and if I concentrate on generating more traffic  and get smarter about the way I display ads I am sure I can increase  this amount  .. I'll keep you posted as to how I go.

 

 

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