The premise of the new administration in office was that it would make inflation go away right away but inflation seems to be heading in the wrong direction. Inflation is my primary concern when I retire and with good reason, once someone begins to live off investments, they need to make sure they have enough…
Month: February 2025
Closed All IWM Positions 70% Return
I wanted to close out my series of covered calls on IWM. With the CPI report coming in red hot, it caused the market to fall and it was a great time to buy back all the calls I sold. I wanted to make $2000 for the month so I sold 40 call contracts on…
No Mortgages In 10 to 15 Years?
Back in October, I wrote a post questioning the viability of property rentals moving forward into the future. I wrote that post based on the soaring costs of insurance. The truth about property ownership is that operational costs are now exceeding capital costs in many areas of the country. Yesterday, the Federal Reserve Chairman Powell…
The Rule of 55 – Cashing Out A 401k
After approaching another round of burnout, I am very keen to “retire” so I have been exploring all my options. One of those options is the ‘Rule of 55’ and I’ve been doing research into this option. I spoke to my current 401k provider and they confirmed that I can pull my money out when…
Paying Your Mortgage With Your Credit Card
The holy grail of credit card reward points has always been to pay your mortgage with a credit card. This is usually the largest recurring expense most people have on their bill pile. There are now potentially two credit cards that will allow you to do this with minimal fees. Rather than type of a…
I Dream of Minimalism But Society Impedes Me
Almost a year ago I wrote, Financial Regrets: Accumulating Junk, where I discuss the piles of stuff I have and since I wrote that post, we have been working hard to donate or trash salvageable items and purge the rest however for every step forward we seem to take a step back and I’ve been…
Zepbound: My Health Journey – January Edition
I am definitely at a plateau. I have lost about 25 lbs and that seems to be a hard limit for me right now based on my 5 mg subscription. I now intend on asking my doctor to bump me up to 7.5mg of Zepbound. I will try that for a month to see if…
Sold More Calls On IWM Today
IWM is a cash machine for me so far. Sold 2 contracts today for $230 which will take me closer to making $2000 for my 30 day window. I now have a full “spread” of calls at the strikes I like so the only thing left to do now is wait. If IWM falls in…
Took 80% Profits On IWM Today
I couldn’t wait for the market to open today. The new administration’s tariff fiasco is roiling markets and it has allowed me to take 80% on some of my original calls and I had already banked 60% profit on some of the others. My new calls are up over 50% in profit already. I sold…
Canadian Citizens Response To Trade War & The S&P 500
Unless you’re living under a rock, you should know by now that the new U.S. administration has imposed tariffs on Canada, Mexico and China. Canada has responded in kind and I won’t get into Canada’s tariffs but I will get into research into what some Canadians are suggesting at taking action. The follow is information…