Make Money and Build Wealth With Ephren Taylor The Social Capitalist

What Happened To Wall Street

First Bear Stearns goes down, then Countrywide, Indymac, Fannie Mae, Freddie Mac, and now the latest casualties of war awards goes to Merryl Lynch and Lehman Brothers.  Lehman is in bankruptcy and rescue talks, while Merryl Lynch just got snatched up by Bank of America.  At the rate that wall street firms are falling by the wayside, and the chaos that continues to erupt, 2008 and 2009 look like great years for business at our firm.

With so much uncertainty in the market today, our product that allows people to turn their IRA's and 401Ks into miniature private banks looks like a hit.  Where else can you fire your banker and play banker yourself and clock 10%+ in a down market. 

Maybe I should buy out a financial firm while the market is down, since they are so cheap.  Might make a great addition to the portfolio.

You never know ;) ....

Big Apple Here I Come! Ephren is Headed to NYC!

After much speculation and constant inquiry I am confirming today that it is true I am relocating to NYC.  After a few years of discussion between my wife and I we decided to relocate our entire family to NYC.  I will be opening a new City Capital office around wall street, as well advocating for socially conscious economic reform.  While at the same time my wife MeShelle will be pursuing her career in dance going after her life long dream.  Our transition and adaptation from Kansas to NYC should fuel quite a few interesting blog posts.

Our official arrival date into the city is April 29th, 2008 to move into our new Manhattan home , however I have learned the following things about NYC.

• NYC is expensive, no matter how much I click my heels I am slapped with economic reality that I am no longer in Kansas.
• I need to get used to small spaces, the open range is gone!
• The city really doesn't sleep, which is good with me as I don't sleep much either
• NYC aren't rude, they are just straight to the point.  This saves me time and no money, if you know what I mean.

NYC is the place where dreams are made and crushed.  Only time will tell....

Our New Acquisition Will Pump Up The Company

The plan is working and we’re working the plan. The latest step in our aggressive acquisition program will soon be wrapped up I’m happy to say. Our energy subsidiary Goshen Energy Resources is purchasing 82% of an oil well down in Louisiana. Let me revise that — it’s a producing oil well in the Raceland field of Lafourche Parrish, one that has been pumping out crude for years, and continues to do so. In fact, this well has been analyzed by industry experts who estimate there’s over 600,000 barrels of crude down there. If you get out a calculator and multiply that by the latest price of a barrel of crude, you can see why this acquisition is going to be important in fueling our quantum growth. Lately the per-barrel price of crude has just gone up and up. You don’t need to be an industry expert to realize the value of petroleum assets. Anyone who owns an automobile knows that oil and gas get more and more valuable with every passing day. If you have been wondering why a company that got its start in real estate and development got into the realm of energy resources, that’s why!

Because the well equipment at Raceland has not been updated and maintained, the well’s output had slowed down in recent years. That’s why we were able to pay just $1.2 million, for the 82% interest in the well and equipment plus 40 acres of property with mineral lease rights for future exploration. I’m grateful to have someone like Harvey Lynch as the president of Goshen Energy. I can depend on his vast experience to advise us in making smart purchases like this one and the West Delta offshore natural gas platform we now have in the Gulf of Mexico. Under Harvey’s guidance, we’ll update the machinery, increase pumping efficiency and start sending truckloads of crude oil to market.

We’ll make the most of this asset and all the others to come online as we continue on our 2007 acquisition plan. I’m looking forward to an exciting and exhausting year growing this company. Luckily I have an excellent team of board members and managers who are making it all work. By the time we do our year-end statement, I’m sure you’ll see a totally different set of figures than the ones that were published in 2006.