Archive for December, 2006
Friday, December 29th, 2006
My New Health Insurance Rates – What a Rip Off!
It is getting so ridiculous now to pay for health insurance that I am certain we are on the verge of the collapse of the health insurance industry. Our new health insurance premiums were unveiled this week at my company and I now have the privilege of paying $450/month for health insurance. It gets worse! [...]
8 Comments » - Posted in Rants,Watch Out by RichSlick
Thursday, December 28th, 2006
How To Lose A $25,000 Customer Over $120.00
I purchased a 42″ LCD TV for my parents this Christmas over at MicroCenter for about $1200. While at the store, I asked the sales guy if they offered shipping and he said that they only delivered locally. My parents live about 400 miles away so delivery wasn’t an option. I purchased the TV and [...]
4 Comments » - Posted in Rants by RichSlick
Thursday, December 28th, 2006
Goals for 2007
Here is a short list of my goals for 2007. 1. Grow Power Funds & Mini Account Portfolios by 20 percent using ETF Covered Calls. 2. Get Subscription Service for the ETF-Cashinator up and running. 3. Decide on whether or not to go back to school to get an Executive MBA (largely decided by Admissions [...]
2 Comments » - Posted in Uncategorized by RichSlick
Wednesday, December 27th, 2006
China – An Excellent Article
I came across an excellent article written by Tony Sagami over at Money & Markets on US companies forays into China that I’d think everyone who’s interested in investing in China should read. You can read the article here. Bookmark to: Hide Sites $$(‘div.d163′).each( function(e) { e.visualEffect(‘slide_up’,{duration:0.5}) });
No Comments » - Posted in Watch Out by RichSlick
Monday, December 25th, 2006
Do You Remember The Breakfast Club movie?
I received an unintentional and unexpected gift this holiday season from a commenter in the form of a link to his blog. Why was it a great gift? It was a gift because his (or her) blog focuses on capitalist ideology and he (or she) has links to a wide variety of capitalist investor blogs. [...]
1 Comment » - Posted in Uncategorized by RichSlick
Saturday, December 23rd, 2006
Final Post on Frugalism vs. Capitalism
I received some comments and emails on this topic and evidently it stirs up emotions in a lot of people so I’m going to frame this arguement in a context I hope everyone can understand but this will be the end of it. I’ve spent too much time on this topic already and I need [...]
11 Comments » - Posted in Money Management by RichSlick
Saturday, December 23rd, 2006
Buying Back SMH Options
A couple of weeks ago, I bought 1000 shares of SMH and sold January 2007 $35 Calls for $0.85 and I’m contemplating buying them back since SMH has dropped down to $33.27 and those same calls are now selling for $0.25. This would translate into a profit of $600 for a couple of weeks work. [...]
No Comments » - Posted in Money Trades by RichSlick
Friday, December 22nd, 2006
Using Monster.com For Investment Research
I’ve been reading many doom & gloom forecasts for the US economy primarily because the housing sector is slumping but the real story behind the economy can be extrapolated in part by what is happening on Monster.com. Monster is a huge job board and I periodically log on to see how the job market is [...]
No Comments » - Posted in Financial Safety,MMO by RichSlick
Thursday, December 21st, 2006
Frugalism vs. Capitalism II
Lazy Man & Money replied with a counter argument to my post regarding Frugalism vs. Capitalism and the old chap put on a good show but I have to issue a response and here it is: “That extra dollar will be taxed” Are you seriously arguing that you shouldn’t earn extra money because you’ll be [...]
9 Comments » - Posted in Money Management by RichSlick
Thursday, December 21st, 2006
Iran to Replace US Dollars with Euros
Just came across this interesting news item regarding Iran’s decision to move from USD to Euros for foreign transactions. This can’t be good for the USD since it’s been on the ropes now for quite some time against the majors: GBP, EURO and YEN amongst others. If true, this would also impact the price of [...]