Archive for October, 2007
Wednesday, October 31st, 2007
Dow Flat For 7 Years
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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. The Dow has been flat for 7 years. Take a look at […]
No Comments » - Posted in Financial Safety by RichSlick
Tuesday, October 30th, 2007
It’s Not Easy Being Rich
If you had a couple of million dollars, what would you do with it? While many people desire to be rich, very few people ever get there and the lucky few who win the lottery end up being bankrupt within five years. Why?
Managing a great deal of money isn’t as easy as […]
4 Comments » - Posted in Financial Safety by RichSlick
Monday, October 29th, 2007
2 Million Foreclosures, 36 States Running Out of Water, Oil at $90 Barrel, The Next Great Depression?
If I recall from books like The Grapes of Wrath by Steinbeck, the conditions during the Great Depression of the 30’s don’t appear to be too different from what I’ve been reading recently in the news.
I read this article from MSNBC about U.S. Water Supplies drying up claiming that 36 states will be suffering shortages […]
1 Comment » - Posted in Watch Out by RichSlick
Sunday, October 28th, 2007
The Costco Upsell, Will It Ever End?
I love shopping at Costco but the upselling is getting ridiculous. I went shopping this weekend and as I was checking out with $300 worth of food, a roaming clerk came by and scanned my card. She started with the usual pitch, “Sir, can I ask you a question?”
I quickly replied, “No, I don’t want […]
1 Comment » - Posted in Raves by RichSlick
Friday, October 26th, 2007
Oil at €63 Per Barrel
Pretty amazing, oil hit €63/barrel today. What’s that? You don’t know what that € symbol is? It’s the symbol for the EURO which represents the currency of greater Europe. Most oil rich countries have decided that they prefer to get paid in € rather than $ so in the future, you’ll […]
2 Comments » - Posted in Financial Safety by RichSlick
Thursday, October 25th, 2007
It Takes Leverage To Get Rich
It occurred to me that one of the key corner stones of my wealth could be attributed to one thing: leverage. I know what you’re thinking, “oh great, leveraging is very risky, I don’t have that tolerance” but that’s where you would be wrong.
I have actually leveraged many things to achieve the […]
4 Comments » - Posted in Slow Wealth by RichSlick
Wednesday, October 24th, 2007
Cash Tumbles In Again, $4600 Banked
Earlier this week, I banked $4600 with ETF Covered Calls and I’ve been asked how I pick my ETFs for covered call writing. It’s pretty simple, the ETF-Cashinator does most of the work as it scans all ETFs with my special criteria and spits them out in order of highest return possibilities. […]
5 Comments » - Posted in MMO by RichSlick
Tuesday, October 23rd, 2007
FICO Scoring Is A Sham!
I’m getting sick of FICO. My score dropped from 825 down to 745 presumably because I took out some arbitrage money and took out a new car loan. Here are the “reasons” my score allegedly dropped:
1. The […]