As your wealth grows over time one of the fundamental things you worry about is “losing it all” and having to start all over again with nothing. The best way to mitigate “losing everything” is to buy insurance for your assets. Additionally, if you have a spouse, children or others that you serve as a…
Category: Risk Management
Zepbound: My Health Journey – August Edition
This is going to be a short post. I was on vacation for most of August and while I continued to take my medication I didn’t lose any weight. That’s partly good news because we were eating out every single day for most of the month and I had little control over food options. The…
Sold My SPY PUTS for Profit Today
Well just as I’m getting ready to go on vacation, we have huge market volatility so I had to move. Back in April, I wrote about buying PUTS on the SPY for September 2024 expiry as an insurance policy for my portfolio. Today that insurance policy paid off 66.87%! I am not making earth shattering…
My Favorite Stock Options Tool
One of the ways I squeeze extra income out of my stock holdings is to sell covered calls on my stocks. The challenge is always trying to locate and calculate the call premiums and returns on selling calls out into the future. If you don’t know what I’m talking about, visit this link on my…
Zepbound: My Health Journey – July Edition
I have now completed six months on Zepbound. Initial results the first 6 months were great, I lost 21.2 lbs. In July, I had to travel for work then vacation and while I still kept taking the medication, I had little control over my food/dining environment so my weight loss slowed. Staying in hotels with…
Diversification Is A 2024 Theme: Banking, Health, Tech, Everything
Literally a little over a month ago, I wrote a post titled, “Banking Diversification & Frozen Funds” warning of the dangers of putting all your “eggs in one basket” and this week we’ve had total chaos with airlines, banks, hospitals and just about any thing else that runs on a computer because of too much…
Zepbound: My Health Journey – June Edition
I’ve gone backwards with Zepbound. I had to travel two weeks for work and while I still took my Zepbound, I was in business meeting that often ended with a business dinner at some fancy restaurant. While I mostly ate salads and refrained from any alcohol, I still managed to gain about 4 pounds during…
Flood Insurance Double The Cost
We got our flood insurance bill this week and the cost doubled from around $500 last year to $900 this year. It is important to note that we have never filed a flood insurance claim. Actually we haven’t filed any kind of claim in the 30 years we’ve owned our current home. Our home owners…
Banking Diversification & Frozen Funds
If there is ONE single piece of personal financial advice I give to people, it is to never ever keep all your money in one place. I know it’s a hassle to to manage multiple bank accounts but the consequences of keeping all your money in one bank account are too dire and brutal. Yotta…
Are You Ready? $512 Billion In Unrealized Losses!
Back in September of 2023, I wrote a post titled, “How To Prepare for a Recession” and it may have been very timely because it’s entirely possible by September of this year we will be in a recession. I followed up that post with another one a couple of weeks after titled, “It Feels Like…