Archive for October, 2007

Wednesday, October 31st, 2007

Dow Flat For 7 Years

The Dow has been flat for 7 years. Take a look at this chart (click it), it shows that the Dow, adjusted for inflation, hasn’t budged an inch in 7 years! On October 30, 2000 the Dow closed at 10,817. Yesterday, the Dow closed 13,792. You’d think you have a 3000 point gain but that’s […]

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Tuesday, October 30th, 2007

It’s Not Easy Being Rich

If you had a couple of million dollars, what would you do with it? While many people desire to be rich, very few people ever get there and the lucky few who win the lottery end up being bankrupt within five years. Why? Managing a great deal of money isn’t as easy as it sounds. […]

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Monday, October 29th, 2007

2 Million Foreclosures, 36 States Running Out of Water, Oil at $90 Barrel, The Next Great Depression?

If I recall from books like The Grapes of Wrath by Steinbeck, the conditions during the Great Depression of the 30’s don’t appear to be too different from what I’ve been reading recently in the news. I read this article from MSNBC about U.S. Water Supplies drying up claiming that 36 states will be suffering […]

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Sunday, October 28th, 2007

The Costco Upsell, Will It Ever End?

I love shopping at Costco but the upselling is getting ridiculous.  I went shopping this weekend and as I was checking out with $300 worth of food, a roaming clerk came by and scanned my card.  She started with the usual pitch, “Sir, can I ask you a question?” I quickly replied, “No, I don’t […]

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Friday, October 26th, 2007

Oil at €63 Per Barrel

Pretty amazing, oil hit €63/barrel today. What’s that? You don’t know what that € symbol is? It’s the symbol for the EURO which represents the currency of greater Europe. Most oil rich countries have decided that they prefer to get paid in € rather than $ so in the future, you’ll likely see the cost […]

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Thursday, October 25th, 2007

It Takes Leverage To Get Rich

It occurred to me that one of the key corner stones of my wealth could be attributed to one thing: leverage. I know what you’re thinking, “oh great, leveraging is very risky, I don’t have that tolerance” but that’s where you would be wrong. I have actually leveraged many things to achieve the wealth I […]

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Wednesday, October 24th, 2007

Cash Tumbles In Again, $4600 Banked

Earlier this week, I banked $4600 with ETF Covered Calls and I’ve been asked how I pick my ETFs for covered call writing. It’s pretty simple, the ETF-Cashinator does most of the work as it scans all ETFs with my special criteria and spits them out in order of highest return possibilities. I look at […]

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Tuesday, October 23rd, 2007

FICO Scoring Is A Sham!

I’m getting sick of FICO. My score dropped from 825 down to 745 presumably because I took out some arbitrage money and took out a new car loan. Here are the “reasons” my score allegedly dropped: 1. The proportion of balances to credit limits on your revolving/charge accounts is too high. Analysis of consumer credit […]

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Monday, October 22nd, 2007

ETF Covered Calls Beats Major Indexes

Here’s a graphical representation of one of my accounts utilizing the ETF Covered Call strategy and it shows how my returns beat the Dow Jones Industrial Average, S&P 500, Russell 2000, and Nasdaq composite from Q1 thru Q3 2007.  I’ll post the 2007 results sometime in January. First up, ETF Covered Calls vs. Dow Jones […]

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Friday, October 19th, 2007

Heroin Addict Fix vs. Fed Liquidity Injection Fix

Have you ever seen a heroin addict get their fix?   For those that don’t know what heroin is, “a strongly physiologically addictive narcotic C21H23NO5 that is made by acetylation of but is more potent than morphine…used illicitly for its euphoric effects.” In case you’ve missed it, the US Markets have been exhibiting systems of a […]

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