Archive for November, 2007
Friday, November 30th, 2007
Raked in $2300 This Week
I was expecting profits of $4000 for December expiry but I came in at $2300 for my aggregate account returns. Overall, for the month of November, I made $4100 which isn’t too shabby. The markets volatility helped tremendously as premiums were high for all the calls I sold.
Now I have to sit [...]
No Comments » - Posted in MMO, Money Management by RichSlick
Thursday, November 29th, 2007
Credit Card Arbitrage Return at 50.12%
My most recent endeavor with credit card arbitrage has so far yielded, on an annualized basis, 50.12% but the actual return from October 2007 thru December 21st is 12.53 pct. I must confess, the recent volatility in the markets have made the returns a bit beefier than I anticipated.
So to reflect what I [...]
1 Comment » - Posted in MMO by RichSlick
Wednesday, November 28th, 2007
I’m Moving My Debt Off Balance Sheet
I’ve ranted about the idiocy of FICO scoring system many times and I’ve discovered a solution to my problem. Like many big banks, I’ll simply move all my credit card debt off balance sheet. Once I do this, PRESTO, no more debt on my credit report and my score should rocket back [...]
2 Comments » - Posted in Credit Cards by RichSlick
Tuesday, November 27th, 2007
Spammers Utilizing PFBlogs.org? Please Click Here To Verify Theory
I’ve seen a peculiar pattern on my blog lately. It seems whenever there are many clicks on an article I write from PFBlogs.org, I subsequently get a ton of spam on my blog.
It occurred that spammer(s) have likely written a script to read the aggregated list with the most clicks and then have their bots [...]
No Comments » - Posted in Misc by RichSlick
Monday, November 26th, 2007
I Just Saved A Bunch of Money Dropping GEICO
The secret is out, you can save a bunch of money by dumping Geico. I saved 37.5% by dropping Geico and combining my homeowners and auto insurance policy.
Here’s the money breakdown.
Geico was charging me about $200/month to insure two vehicles (one new & one old). When I switched to my homeowners policy, my [...]
3 Comments » - Posted in Money Management by RichSlick
Saturday, November 24th, 2007
Slow Day
It was a slow day,
And the sun was beating
On the soldiers by the side of the road,
There was a bright light,
A shattering of shop windows
The bomb in the baby carriage
Was wired to the radio,
These are the days of miracle and wonder,
This is the long distance call,
The way the camera follows us in slo-mo
The way [...]
No Comments » - Posted in Misc by RichSlick
Friday, November 23rd, 2007
World Bond Markets In Total Turmoil
It is getting down right nasty out there. While everyone stuffs themselves for the holiday in the US, the world bond market is getting trashed like there’s no tomorrow.
From Europe via Forbes,
FRANKFURT (Thomson Financial) – German banks agreed to temporarily suspend trading in Jumbo Pfandbriefs, which are covered bonds with a volume of at [...]
No Comments » - Posted in Watch Out by RichSlick
Thursday, November 22nd, 2007
Happy Thanksgiving!
Have a great holiday!
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No Comments » - Posted in Misc by RichSlick
Wednesday, November 21st, 2007
What’s After A Consumer Economy?
I’m reading over the Feds new “guidance” report and something struck me that begs a question, “What comes after a consumer economy?” Depending on what statistics you believe, consumer spending accounts for 70% to 90% of the economy. What happens when the consumer is totally tapped out?
What happens if citizens of society decide that they’d [...]
No Comments » - Posted in The Fed by RichSlick
Tuesday, November 20th, 2007
Another Day, Another Billion in Write-Downs
I was going to try to compile a list of all the banks and the billions in write downs and post it here but that little project seems futile as every day there is a new announcement of another billion dollar write down somewhere. Note that these are NEW write downs for 4th quarter [...]