Archive for September 30th, 2008
Daily Archive
Tuesday, September 30th, 2008
FDIC Will Raise Limits, Do You Want To Know Why?
I’ve been writing about FDIC for a while now and I’ve written about the fact that FDIC really only insures about $44,000 and not $100,000 as most people think so why is everyone rushing to increase limits to $250,000 now? The answer is obvious: Let’s say you have $400,000 in cash lying around. You’re smart [...]
2 Comments » - Posted in Financial Safety by RichSlick
Tuesday, September 30th, 2008
Raked in $3,000 in Past 9 Days
This market volatility is great for my ETF Covered Call strategy as it’s been extremely profitable to buy long and simultaneously sell short. I’ve made $3,000 these past few days and with the market gyrations, it’s been exceptionally profitable to buy back those contracts on the cheap when the market turns the opposite direction. I [...]