Archive for May, 2008
Saturday, May 31st, 2008
Hyper-inflation Is Here; Check Your Airline Miles
A friend updated me on some news regarding airlines miles. Evidently there has been a recent devaluation of 20% to 200% of airline miles. I don’t travel too frequently with miles so I don’t keep up to date on all the programs and plans and I also ditched using credit card airline reward miles about [...]
3 Comments » - Posted in Observations by RichSlick
Monday, May 26th, 2008
It’s 3 a.m. Do You Know Where Your Profits Are?
Happy Memorial Day! It looks like Asia stocks getting slaughtered over the holiday, sound familiar? Remember that last holiday weekend when the Fed panicked? Good time to be in cash .
Bookmark to:
Hide Sites
$$(‘div.d554′).each( function(e) { e.visualEffect(’slide_up’,{duration:0.5}) });
No Comments » - Posted in Misc by RichSlick
Friday, May 23rd, 2008
The US Dollar is so 20th Century
Do you remember the glory days of the British Pound? There was a time when Sterling was the ruling currency of the world (1800’s) and if you look closely at the US Constitution, Article I Sections 9 & 10 have the term “dollar” in them but the basis of that particular dollar was Spanish milled [...]
No Comments » - Posted in Money Management by RichSlick
Thursday, May 22nd, 2008
All Airlines To Offer $0.99 Flights!
Yup, it’s official. All airlines will officially start selling all flights to ANY location for $0.99. There are a couple of catches so here’s how it will work:
All tickets will be priced at $0.99
Customers must pay the following mandatory fees:
-First Checked Baggage Fee $25
-Second Checked Baggage Fee $125
-Fuel Surcharge $175 + $0.25/mile
-Security Fee $100
-TSA Fee [...]
No Comments » - Posted in Rants by RichSlick
Wednesday, May 21st, 2008
What Bubble Will The Fed Give Us Next?
Nasdaq bubble – done. Real Estate bubble – done. Commodities bubble – in progress. Next Bubble? Everyone and their favorite pet is pouring into commodities and that’s usually the time to get out so what’s the next big bubble? It’s important to get in at the EARLY stage of the bubble not the [...]
No Comments » - Posted in The Fed by RichSlick
Monday, May 19th, 2008
I’m Done Paying Social Security Taxes For The Year!
I got my paycheck stub this weekend and I was bewildered why my take home pay increased. I knew I hadn’t received a raise so after comparing check stubs from my last paycheck I realized that I have reached the cap on social security taxes for the year!
Evidently during the last bonus I received a [...]
No Comments » - Posted in Money Management by RichSlick
Friday, May 16th, 2008
Anatomy of an ETF Covered Call – OIH
OIH is on fire! A while ago, Mrs. Micah asked, “Do You Have an Investing Exit Strategy” and I couldn’t help but associate that question with my ETF Covered Calls investing strategy. Let’s review a specific journey on a specific investment I recently made.
In December of 2007, I bought 200 shares of [...]
3 Comments » - Posted in MMO, Money Trades by RichSlick
Thursday, May 15th, 2008
Brokers Keep Squeezing
Amazing…Logged on to my brokerage account as tomorrow is options expiry and was greeted with the following message:
Options Expiration
The last day to trade equity option contracts expiring on Saturday, May 17th is Friday, May 16th. If you do not have sufficient funds/buying power to cover potential exercises or assignments, please deposit funds or close out [...]
No Comments » - Posted in Misc by RichSlick
Wednesday, May 14th, 2008
Why I’m Hoarding Medicine
I’ve written about hoarding food and I decided that I’d might as well reveal that I’ve been hoarding medicine too. It’s primarily antibiotics which can be obtained overseas fairly easily but I’m also given a set of antis every time I travel internationally in the event of sudden illness.
So why medicine? There’s no particular [...]
1 Comment » - Posted in Watch Out by RichSlick
Tuesday, May 13th, 2008
When Will Malls Start Charging Admittance Fees?
Well it happened again, I stopped by the mall and couldn’t help but notice how packed the parking lot was yet few people inside actually shopping. Too many people hanging around the food court eating ice cream or pretzels. I could see many of the food shop owners hungry for customers as people were just [...]