Archive for October, 2006
Tuesday, October 10th, 2006
Finance Bloggers’ Finance Fallacies Part 1
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Get Rich Slow + Get Rich Quick = Get Rich Slick. If you’re new here, you may want to subscribe to my RSS feed. I read a great deal of news and visit various investment sites along with [...]
3 Comments » - Posted in MMO by RichSlick
Monday, October 9th, 2006
Quality vs. Quantity - Retail Trends & Investment opportunities
Home Depot vs. Lowes
Wal-Mart vs. Target
Sam’s Club vs. Costco
Kroger vs. Whole Foods
I have seen an interesting trend in various retail stores lately. Those retail shops advocating profits through quantity sales and those aiming for profits from quality sales.
We are currently remodeling our kitchen cabinets. We went to Home Depot to look at various [...]
No Comments » - Posted in MMO by RichSlick
Saturday, October 7th, 2006
Wow - New Options Rules
I’m not sure how I feel about this exactly but I was doing a little house cleaning with my brokerage accounts and came across this notification:
The Options Clearing Corporation (OCC) rules governing the automatic exercise of in-the-money equity options at expiration are changing.
Effective Saturday, October 21, 2006, any equity option that is $0.05 or greater [...]
No Comments » - Posted in Money Trades by RichSlick
Friday, October 6th, 2006
GDX & Canadian Dollar
I wanted to offer a little more info on why I purchased GDX and sold the November 35 Options. In addition to equity trading, I’ve also done some currency trading. I watch the major currencies every day and I’ve noted that despite the drop in the prices of oil and gold that the [...]
No Comments » - Posted in Money Trades by RichSlick
Friday, October 6th, 2006
GDX Trade
Yesturday I picked up 100 shares of GDX at $34.25 and sold the November $35 strike/call for $1.50 (GDXKI). The net return here is 4% (including commisions). We’ll wait and see how GDX pans out on November 17 (options expiry) but that’s not a bad return for 42 days. If I [...]
No Comments » - Posted in Money Trades by RichSlick
Thursday, October 5th, 2006
Fed warns about Boomers - yet again
Once again the Federal Reserve Chairman issued a warning about the looming crisis in the 78 million retiring boomers and once again, the issue has been glossed over by most of the media. Reading some of the quotes from Bernanke himself,
Unless Social Security and Medicare are revamped, the massive burden from retiring baby boomers [...]
2 Comments » - Posted in Financial Safety, Real Estate by RichSlick
Wednesday, October 4th, 2006
Liquidation!
A couple of weeks ago I advised my wife to liquidate all her 401k funds and move them to the most conservative money market fund and let it sit there. Why? The Dow has been see-sawing up and down for the past few months and it’s been teetering at the top for a [...]
No Comments » - Posted in Financial Safety by RichSlick
Tuesday, October 3rd, 2006
Wal-Mart : Why I don’t shop there!
About a decade ago, I was a regular shopper at Wal-mart but some time over the last two years I simply stopped going there. Of course, a decade ago I made significantly much less money and my primary concern then was to save as much as possible to help cover other expenses. I [...]
No Comments » - Posted in Rants by RichSlick
Monday, October 2nd, 2006
Mall Visit
We happen to live nearly equidistant to four major malls and I periodically (usually twice a month) take the family out for a visit to one of them. While the kids entertain themselves with the various play areas and the wife does some shopping I like to observe the activity in the mall to [...]