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 […]

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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

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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

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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

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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