Archive for January, 2008
Wednesday, January 16th, 2008
Inflation Grew 6.3% In 2007, Did you get a 10% Raise Last Year?
According to AP economic writer Martin Crutsinger, wholesale inflation grew at a whopping 6.3% last year in 2007. This begs the question of whether or not you got a 10% raise last year to reflect the devaluation of your pay. So let’s look at a real world example. Let’s say you get paid $50,000/year from [...]
No Comments » - Posted in Watch Out by RichSlick
Tuesday, January 15th, 2008
Gap Insurance Is A Waste of Money – Dealing at the Dealership
I wrote yesterday that I picked up my new Toyota Tundra this past weekend and I thought it would be a good idea to write about my experience at the dealership….wheeling and dealing. There really wasn’t much wheeling and dealing since Toyota was having their year end clearance and offering incentives to get rid of [...]
2 Comments » - Posted in Money Management by RichSlick
Monday, January 14th, 2008
Picked Up My New Tundra
This weekend I picked up my new Tundra. It’s the second new Toyota vehicle I’ve purchased in the last few months and I debated about whether to get something a little more fuel efficient but at the end of the day, I decided that I really needed to own a truck. I’ve been on a [...]
No Comments » - Posted in Raves by RichSlick
Friday, January 11th, 2008
Raked in $1900 Today, Dow Down 246 Points
I couldn’t resist the profit mistress as her sultry allure seduced me back into this market by snapping up 700 shares of EEB and 1000 shares of SDS and selling near the money calls for a quick $1900. What this mistress doesn’t know is that I like to play both sides against each other . [...]
No Comments » - Posted in Money Trades by RichSlick
Friday, January 11th, 2008
The Quest For Passport Photos
It’s ironic that I wrote yesterday about the lack of skilled labor destroying America. I have been on a quest all day to get some passport photos done. I have now visited two Kinkos, two Wal-greens and a CVS to get passport photos done and I have come up short. My first stop at Wal-greens [...]
3 Comments » - Posted in Rants by RichSlick
Thursday, January 10th, 2008
Three Things Destroying America
I haven’t been posting too frequently because I’ve been in some deep thought lately. I’ve been trying to understand everything I see around me. I see people struggling; I see people suffering; I see people losing hope and I see America being destroyed. I spent the better part of the past weeks thinking about the [...]
No Comments » - Posted in Misc by RichSlick
Wednesday, January 9th, 2008
Navigating Treacherous Market Waters
On December 10th, I wrote this post on my ETF Covered Call Blog stating that I had liquidated all my positions and moved to cash. It was a prudent move because the Dow has now dropped from 13,700 back then to below 12,600 now and I don’t see this thing bottoming out anytime soon. Based [...]
No Comments » - Posted in Financial Safety by RichSlick
Tuesday, January 8th, 2008
The Markets Are Down Therefore……
The markets have been down for a few weeks, therefore it’s time for the Fed, Bush, Paulson or some other government official to come up with some scheme to get the market to rally. It’s beginning to get so predictable that you can almost set your watch by it. I would imagine some announcement will [...]
No Comments » - Posted in The Fed by RichSlick
Monday, January 7th, 2008
Ford & Microsoft, Two Brands I’ve Recently Dumped in favor of Apple & Toyota
It is somewhat ironic that Ford & Microsoft have recently gotten into bed together with Ford now featuring Microsoft’s software for the dashboard on some Ford cars. I recently dumped Microsoft products in favor of Apple’s products (iTunes, Powerbook, Mac OS X) and I’ve recently dumped and am dumping my Ford products in favor of [...]
2 Comments » - Posted in Rants by RichSlick
Sunday, January 6th, 2008
Amazing Thing Happened At The Dealership The Other Day
I finally decided to go ahead and buy my second new vehicle (first was for wife) so I opted to go to a Toyota dealership this past week. I drove up in my beat up car, walked up to a salesman who greeted me warmly, I told him I wanted to test drive a Toyota [...]