Getting Ahead for the Little Guy
This article just made my mouth fall open with the obviousness of it.
Credit Suisse to Use Illiquid Assets to Pay Bonuses
Granted, these aren’t necessarily the “toxic” securities of the subprime meltdown that kicked off this monster-looking recession, but on the whole it sounds like a great plan. If the executives really did do their jobs [...]
The stock market pretty much sucks right now. Except now that I think I’ve figured out how to trade it, so I’m loving it. So I’m in a very weird position of hoping the current conditions (volatile, and neutral-bearish) will continue for a while.
Assuming I’m not in terrible error, my strategy of selling naked puts [...]
In spite of the bad taste in my mouth I’ve developed towards mutual funds, I still have an account with Oppenheimer which I’m not planning to shut down anytime soon. Not that they are performing spectacularly well or anything – but they do offer a variety of very interesting funds in particular industries that allow [...]
Man, that’s a good feeling… seeing that the markets are down for the day, but my accounts (which are actually moderately bullish at this point) are up. Just a little. (Actually – I just re-checked – the markets are now only a little bit down, and my accounts are significantly up!)
One of the biggest lies [...]
After interviewing a number of highly successful, wealthy people, delving into numerous dusty tomes on achieving financial success through several different investment vehicles, and attending seminars on the subject – and calculating a modest rise in my personal net worth this year in spite of a monstrous worldwide economic collapse – I feel I have [...]
One of the many discoveries in my journey so far is that “investing” is not just something you do. It is not just an action. It is a skill.
It’s like playing the piano. You don’t just say, “Oh, one day, I’m going to finally have enough time, and then I will play some magnificent music [...]
A couple of weeks ago, I did something that really made me feel uncomfortable.
I applied for a credit card.
My wife and I have been using the same credit card for years. We did a little bit of balance-shifting when we were starving college students to take advantage of temporary zero-interest-transfers. We accumulated a bit of [...]