Archive for December, 2006
Wednesday, December 20th, 2006
Forget Frugalism and Embrace Capitalism
A frugalist will spend his time searching the web, newspaper, and speaking with his friends to find that next great bargain basement deal. Upon finding the lowest price for a product or service he’ll triumphantly cheer as he reaches for his wallet to fork over cash to pay for that item. A capitalist will spend [...]
6 Comments » - Posted in Money Management by RichSlick
Tuesday, December 19th, 2006
Capitalist
Main Entry: 1cap·i·tal·ist Pronunciation: -ist Function: noun 1 : a person who has capital especially invested in business; broadly a person of wealth a person who favors capitalism Bookmark to: Hide Sites $$(‘div.d154′).each( function(e) { e.visualEffect(‘slide_up’,{duration:0.5}) });
1 Comment » - Posted in Financial Safety by RichSlick
Monday, December 18th, 2006
Capitalism
Main Entry: cap·i·tal·ism Pronunciation: ‘ka-p&-t&-”liz-&m, ‘kap-t&-, Brit also k&-’pi-t&- Function: noun : an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market Bookmark to: Hide Sites [...]
1 Comment » - Posted in Financial Safety by RichSlick
Saturday, December 16th, 2006
Dueling Bloggers – Help Settle The Dispute
Seems like I’ve gotten into a finance bloggers duel with the Prince of Thrift over at DebtFree4ever.net regarding whether borrowing money for a home and/or education is a good idea. Perhaps the finance blogger community can chime in and help settle the dispute. I contend that borrowing money for a home and college is a [...]
7 Comments » - Posted in Careers,Money Management by RichSlick
Friday, December 15th, 2006
Anatomy of an ETF Covered Call Trade
Back on November 1st, I bought 200 shares of GDX (gold miners ETF) for $7700 ($38.50/share). I immediately sold 2 contracts for November 17th expiry at $38 strike price for $1.30. I profited $245 (3% return) and the contracts ended up expiring worthless on the 17th so I kept my 200 shares of GDX. On [...]
No Comments » - Posted in Money Trades by RichSlick
Wednesday, December 13th, 2006
Review of 100 Bloggers
I ran across a blog which listed 100 Top Bloggers and I figured this might be a good opportunity to find some good content. I clicked on each blog and glanced at the headlines and a few articles for each blog. I categorized each blog into one of six categories (eight actually because of two [...]
7 Comments » - Posted in Book Reviews by RichSlick
Wednesday, December 13th, 2006
Please Schedule Your Poverty Around Us
Every winter there seems to be some sad story about some poor old lady who can’t afford to pay for her electric/gas bill and has her lights and heat disconnected for non-payment. A couple of nights ago, they had such a story on the news and the representative for the utility company had the gall [...]
No Comments » - Posted in Rants by RichSlick
Tuesday, December 12th, 2006
Virtual Trading Futures, Commodities, Options & More
The Chicago Board Options Exchange has created a new virtual trading tool to help educate investors on how to trade futures, commodities, stocks, options, and currencies. If you’ve ever wanted to venture into the high stakes high risk game of futures trading then this is a nice place to get your feet wet. If you’ve [...]
No Comments » - Posted in MMO by RichSlick
Monday, December 11th, 2006
X-mas Tree Expenses
It’s been a while since I’ve written a Cascading Expenses post and yesterday we purchased our Christmas tree for $100 which gave me the idea for this post. My daughter insisted on a Noble Fir Tree and the only one available was a 9ft tree which we ended up chopping down to 8ft to fit [...]
No Comments » - Posted in Cascading Expenses by RichSlick
Friday, December 8th, 2006
Why I Love ETF Covered Calls
Cash flow, cash flow, cash flow! I just updated www.etfcoveredcalls.com on my recent trades. I liquidated my EXPE position because it was taking too long to recover fully. I still made a small profit but I decided to move forward because so many profitable opportunities were passing me by… Right now I purchased 1000 shares [...]