Archive for June, 2008
Monday, June 30th, 2008
What’s Your Plan For $7 Per Gallon Gasoline?
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. So you’ve been clipping coupons, you bought that 35 mpg Ford Focus, you’ve […]
1 Comment » - Posted in The Fed by RichSlick
Sunday, June 29th, 2008
Where’s The Tamale Lady On The Plane?
Years ago, I worked in an office building that had one unique feature that I’ve never encountered again in any other office building. This building featured a lady that would stop by every Friday and sell tamales by the dozen.
Like clock work, every Friday, many people would head down to the lobby and buy […]
No Comments » - Posted in MMO, Observations by RichSlick
Saturday, June 28th, 2008
Now’s The Time To Sell Naked Puts
Panic! Desperation! Premiums on Puts! It’s always hard to catch a falling knife so I like to wear a glove when catching one so I’ve moved my strategy into selling ETF Naked Puts.
How and why would you want to sell naked puts?
When the market drops like it is doing now, people tend to panic and […]
2 Comments » - Posted in MMO by RichSlick
Friday, June 27th, 2008
Plunge Protection Team Out of Cash
Rumor mill says plunge protection team is out of cash and is now looking for private equity to keeps the banks afloat but who knows; it’s crazy out there! Gloom and doom!
With a 350+ point drop in the Dow it’s getting really ugly and no one has any real answers. I’m selling naked puts […]
No Comments » - Posted in The Fed by RichSlick
Thursday, June 26th, 2008
Exceptional Returns With Leveraged ETFs Even In Down Markets
I’ve been experimenting with my mini account exclusively applying my ETF Covered Call strategy with a single ETF, the leveraged Dow 30, DDM, and the returns have been fairly exceptional even in a down market.
Take a look at the graph below.
The graph compares the Dow Jones Industrial Average returns with buy/writes on DDM and there’s […]
No Comments » - Posted in MMO by RichSlick
Wednesday, June 25th, 2008
The Era of Disposable Clothes is Here!
With airlines charging $15 for first bag checked and some charging $25 to $50 for second bag checked, it’s become obvious that a new era of disposable clothes is needed.
I’ve been doing a great deal of international travel and here’s what I figured I need to help myself and the airlines out:
Disposable underwear - Preferably […]
2 Comments » - Posted in MMO by RichSlick
Thursday, June 19th, 2008
Why Politics is Irrelevant to Personal Finance
With a looming presidential election, more and more people are focusing on the differing strategies between the lead candidates in this years election and other political races but I honestly think that politics is wholly irrelevant to personal finance.
“But candidate X wants to raise taxes and candidate Y wants to cut taxes, it makes a […]