Getting Ahead for the Little Guy
I managed to end my losing streak this week. Last week I broke most of my rules, and enjoyed amazing gains from Monday through Thursday – truly astonishing. And I lost it all and a small amount besides within fifteen minutes Friday morning, due to a little more in a massive opening gap and the [...]
Had some of my bearish positions stopped out today – all of which were NICELY profitable. My Bank of America (BAC) trade was the best – contracts purchased at 0.89 and sold for 2.41. After transaction costs, it still came out to something like 130% profits in two weeks. Boy, wouldn’t I love to make [...]
Okay, I admit it – I take perverse pleasure in making money on stocks tanking.
Last week’s big win was PALM – and it was probably my best trade (percentage-wise) I’ve made thus far in my short trading career. Almost 200% gains in ten days. I bought november puts on October 19th for $1.10, took half [...]
I took my car in for repairs this weekend. This is always a strain on our budget, because this kind of auto maintenance is always unexpected and irregular, and we haven’t quite figured out how to smooth out those rough edges. However, this time, the money in our “Contingency Fund” (we don’t call it an [...]
Because we were in Hawaii on the first, I missed doing my monthly net worth calculation. I went ahead and did it over the weekend anyway, to calculate a month-and-a-half of changes.
I expected a drop, as Hawaii was financed by our savings. However, we’d already pre-paid for much of it (the airfare, hotel, shuttle, and [...]
Since the point of this blog (it has a point?) is to talk about ways of getting a little richer today (each today), I thought I’d post what I’ve done this week to get a little richer each day:
* Put money away into the “Financial Freedom Fund.” Put a little every day (and a lot [...]
I chatted a bit with a friend of mine in the banking industry. He gave me some tidbits “from the trenches” those actively investing may want to pay attention to:
From his perspective, the residential real estate fiasco has pretty much run it’s course. They’ve written down their losses, and there’s a sense among the lenders [...]
Last weekend, we had a yard sale. A big multi-family thing.
It didn’t go fabulously well, but we made enough to help offset the cost of back-to-school clothes and supplies for our daughters.
But we made a couple of interesting observations – especially when correlated with experience of friends who’ve also run yard sales this summer. People [...]
It seems tremendously ironic (and amusing) to me that the Government is arguably bypassing rule of law to force a sale of Chrysler to … Fiat.
Just sayin’.
Seems like “secured debt” doesn’t mean what it used to mean anymore.
Great guest post at Get Rich Slowly:
Why I Love the Roth IRA
Well worth readin’. It has some great stuff on the advantages of a Roth IRA over the traditional, what potential hazards there are, and even some stuff I didn’t know about inheriting an IRA (while still subject to estate taxes, the Roth remains tax-free [...]