Archive for October, 2006

Tuesday, October 31st, 2006

The Collapse of Health Insurance

As the company I work for prepares to roll out our new health insurance plan (and premiums) it hit me like a ton of bricks -Health Insurance as we know it today will collapse within the next 10 years. I’ve written about Synthetic Financial Disasters before and I wrote six key things that would happen […]

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Monday, October 30th, 2006

Rich Slick Expands w/ New Website!

I have been fairly disappointed with the finance blogging world. My main concern is that no one seems to be offering any real advice on how to earn some extra cash with investments. No one seems to want to stick their neck out and publish how well or bad their investments are doing and the […]

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Saturday, October 28th, 2006

Arbitrage, Universal Default, and the Credit Report

A post by mm over at http://www.pfblog.com got me thinking about my credit card arbitrage deals and the “universal default” clause most credit cards have these days. I began to wonder what would happen if some deadbeat’s credit file got merged or added to my pristine credit file.  Will credit card companies assume those bad […]

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Friday, October 27th, 2006

Blogger meets Author

I am truly amazed at how the internet is transforming the business world on so many levels. A few weeks ago I posted a review of a book that changed my whole outlook on investment strategy Covered Calls & Naked Puts and a couple of weeks ago I was contacted by the author of the […]

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Thursday, October 26th, 2006

Federal Reserve Corporation keeps rate the same

The Federal Reserve Corporation left rates unchanged yesterday so we chug along at 5.25% despite rising inflation everywhere. MSNBC had a story about college costs rising 6% a few days ago while health insurance costs are up 7.7% over the past year. I wrote about my grocery shock last week when a gallon of milk, […]

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Wednesday, October 25th, 2006

Paycheck Redistribution

I’ve written about how I use holding accounts to separate money from my paycheck automatically along with other creative uses of these holding accounts.   As we come close to ending the 2006 calendar year I’ve made some changes to my paycheck distribution that I’d like to share with you and why I did them. My […]

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Tuesday, October 24th, 2006

Alternative Economic Indicators

While many investors look to the Department of Labor job statistics, the Federal Reserve FOMC meeting minutes or company earnings to get indicators as to how the stock market will perform in the near future I like to look at some more creative and alternative economic indicators for investing insight and predictions. One such alternative […]

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Monday, October 23rd, 2006

XLE – Finally got called

As I wrote about last Wednesday, I finally got called out on XLE at 54. Here is a quick recap of the money I made on this ETF from March through October 2006. Date Activity Symbol Share Price Cost 3/27/2006 Bought100 Shares XLE $54.14 -$5419 3/27/2006 Sold 1 Contract XBTIB $4 $385 7/31/2006 Dividend XLE […]

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Sunday, October 22nd, 2006

When $100,000 = $61,915.41

The year was 1990 and the Berlin Wall had just come down.  The future was so bright you nearly had to wear shades.  Everyone was predicting East & West German re-unification.  At the time I think most people considered a six figure salary as the panacea that would be the key to the lifestyle that […]

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Saturday, October 21st, 2006

Techflation

We frequently talk about inflation and the ravaging effect it can have on the purchasing power of your dollar but I’ve begun to understand that there is also something which I’ll call “techflation” in which subsequent generations find themselves needing more technology based items in order to get by. What are some examples? My grandparents […]

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