Archive for February, 2007
Tuesday, February 13th, 2007
How To Create a Money Tree
A money tree is a little bit different than a money farm. As I mentioned, a money farm produces RENEWABLE “crops” of money every season. A money tree, in theory can do the same, but all too often, the tree produces limited fruit season to season and is prone to suffering more adverse affects. Worse [...]
3 Comments » - Posted in MMO,Money Management by RichSlick
Monday, February 12th, 2007
How To Create A Money Farm
I’ve been wrestling with how to be help people understand how to really build wealth and I have come up with an analogy related to farming that I hope will allow everyone to relate. It’s simple enough. A farmer buys seed, plants the seed (in fertile soil), nurtures it (water & sun), and reaps the [...]
2 Comments » - Posted in MMO,Money Management by RichSlick
Friday, February 9th, 2007
How I Earned An Extra $7481 In One Year
It takes money to make money and that $7500 is no exception. Over the past 12 months, I strategically invested money in Exchange Traded Funds, periodically wrote covered calls and profited from the transactions. I’ve been personally happy with the success of my strategy and I will be expanding it to include arbitrage money soon. [...]
4 Comments » - Posted in Money Trades by RichSlick
Thursday, February 8th, 2007
What’s Wrong With This Picture?
A few days ago, I purchased 100 shares of DXD to double short the Dow. This is yet another reason I love ETFs; they provide mechanisms for shorting a market without resorting to actual futures/options trading to short. The chart shows the Dow climbing up in a straight line for the past 6 months. I’m [...]
5 Comments » - Posted in MMO,Money Trades by RichSlick
Wednesday, February 7th, 2007
Classic Case of Government Meddling: Merck, Gardasil & Texas
Many of you know that I take a free wheeling capitalist approach to investments and life but I want to point out a classic case of where government intervention interferes with capitalism and causes nothing but problems. Background: Merck has developed a vaccine for HPV. Undoubtedly, Merck has spent a great deal of money for [...]
1 Comment » - Posted in Watch Out by RichSlick
Tuesday, February 6th, 2007
Bank of America Spamming Me!
I can’t believe it. I had to double check to make sure that this email actually came from Bank of America and it did. Bank of America wants to sell me a freaking Razor phone and Verizon service? You’ve got to be f#@$% kidding me. I have kept my Bank of America account open for [...]
1 Comment » - Posted in Rants,Watch Out by RichSlick
Monday, February 5th, 2007
Frugal Advocate – Rich Slick Amazed!
I wrote last week that I decided to play “frugalist” for the month of February and so far I’m pretty amazed. Four pounds of beans cost $1.99, three pounds of rice cost $0.99 and 8 leg quarters cost $5.15 so my total meals for the week should cost $8.13. I must admit I’m pretty amazed [...]
3 Comments » - Posted in Money Management by RichSlick
Friday, February 2nd, 2007
Woke Up, Clicked My Mouse and Made $732.00
Modern technology is absolutely amazing! About 20 years ago, it would have taken a couple of phone calls, perhaps an hour and at least $100 in broker fees to do what I did this morning. What did I do? I woke up, got online to check the status of the market, saw an opportunity to [...]
3 Comments » - Posted in MMO,Money Trades by RichSlick
Friday, February 2nd, 2007
Ray Lucia, FICO Score & the Job Market
A few days ago, I was listening to Ray Lucia on the radio and he had a caller that was asking him how he could go about getting a loan to start a business. Unfortunately, the kid on the phone had made some missteps a few years earlier and had bad credit. Ray explained that [...]
1 Comment » - Posted in Careers by RichSlick
Thursday, February 1st, 2007
Roth IRA: Trade Commissions & Expenses Tax Deductible?
Does any tax guru out there know if commissions I pay on equity transactions inside my Roth IRA are tax deductible? Or is it like everything else that has a phase out based on income level? Any help appreciated. Bookmark to: Hide Sites $$(‘div.d192′).each( function(e) { e.visualEffect(‘slide_up’,{duration:0.5}) });