Archive for October, 2006
Friday, October 20th, 2006
Cascading Expense Lifestyles - Then and Now
Thanks for visiting. This Blog and is intended for individuals with Net Annual Income of $105,000 or more.
Get Rich Slow + Get Rich Quick = Get Rich Slick. If you’re new here, you may want to subscribe to my RSS feed. My grandmother passed away recently and I began to recall some of the […]
No Comments » - Posted in Cascading Expenses by RichSlick
Thursday, October 19th, 2006
Goodbye ING
I’m in the process of shutting down my INGDirect account. For the past few months they’ve been stuck at a paltry 4.40% interest rate while others like Wamu, Citibank, HSBC, and Emigrant have remained around 5%. ING is simply not competitive anymore. Worse yet is the fact that once you pick a bank like WAMU […]
No Comments » - Posted in Money Management by RichSlick
Wednesday, October 18th, 2006
Inflation, Gold, Oil & the Canadian Dollar
On Monday night I ran an ETF Covered Call Optimizer Report and the results were interesting. The highest returns writing covered calls on ETFs ended up being GDX (Gold Miners) for March 2007. Evidently, speculators and options traders think gold will continue to climb while the betting on oil (XLE) for March 2007 […]
1 Comment » - Posted in Money Trades by RichSlick
Tuesday, October 17th, 2006
Grocery Shock!
On Friday, I wrote about Dangerous Inflation because of bad wheat, tomato, and orange harvests going on in different parts of the world. Last night, I went over to the grocery store to pick up a few items and I had sticker shock!
Check out the price of a gallon of milk $5.99! I know you’re […]
No Comments » - Posted in The Fed by RichSlick
Tuesday, October 17th, 2006
Good Days are Here Again!
As I stated yesterday, I had a visit with a good friend this past weekend and he told me about his visit to the dentist last week. He drove into the same parking lot he’s been driving into every 6 months for the past 6 years to get his dental checkup.
He walked into the elevator […]
No Comments » - Posted in MMO by RichSlick
Monday, October 16th, 2006
Cascading Expense Lifestyles – Human Maintenance
I had a good visit with a close friend this weekend and he gave me some interesting ideas for this weeks blog. It seems my friend went to visit the doctor and dentist this past week and he was amazed at a few things.
The first was the number of drug sales people lurking around the […]
No Comments » - Posted in Cascading Expenses by RichSlick
Friday, October 13th, 2006
Dangerous Inflation
I’m excited to see stocks up for the past few days but I’m seriously concerned about inflation. Even more troubling were a few stories on Bloomberg about bad harvests.
The first story on Bloomberg:
Orange Juice Soars as Florida Crop May Be Smallest in 17 Years
By Choy Leng Yeong
Oct. 12 (Bloomberg) — Orange-juice futures […]
1 Comment » - Posted in Financial Safety by RichSlick
Thursday, October 12th, 2006
Exchange Traded Funds vs. Mutual Funds
And the winner is…….
Well, winner is a relative term but I’m going to give you a real life example of how mutual funds simply can’t compete against Exchange Traded Funds. I’ll admit that I am biased since I primarily invest in ETFs but let me lay out my argument in terms that are simple: […]