The Wall Street Journal had an interesting article about the hordes of people pledging not to buy anything in 2025. The article describes various people all pledging to cut spending to pay off debt, save money or meet certain goals. People cite high cost of living and inflation as key reasons as well. Tariffs While…
Author: Rich Slick
Sold IWM Calls Today
I wanted to write a series of posts on a full life-cycle of a covered call transaction with these posts but the volatility in the market is making too many opportunities for me to use my standard methodologies. To that end I took the opportunity to sell more calls on IWM and rake in $700…
Took 60% Profits on IWM Calls
Yesterday was the Federal Reserve meeting and they decided to keeps rate steady which means I had a tough decision to make. Buy back my calls now at 60% return or let them sit. Normally, I would close and roll calls once they hit 80% profit but because the Fed didn’t cut, the next major…
Happy Chinese New Year!
Today is the start of the Chinese New Year and the year of the snake so Happy New Year to everyone in China and elsewhere that celebrates the Chinese New Year!
Deepseek AI Causes Market Chaos
The big news today is the tech market being down by hundreds of billions. NVIDIA lost at least $500 billion in market cap today and my IWM calls are up in value by 50% and was very tempted to roll them into March but I’m going to hold strong. If I didn’t already have a…
I Never Thought AI Would Take Over My Life
I’ve decided to compile a list of AI things that are taking over my life and my bank account. I’m also hugely disappointed in Apple, Google, and Microsoft for falling so far behind despite their AI “offerings.” Image Creation Over the years I’ve sourced images for a variety of activities, including this blog, from many…
Dumping Udio for Suno Because It Made Me Cry
Last April, I wrote this post about using Udio to make my own music for my own use largely because I got fed up with copyright nonsense, greed and selfishness. I’ve been looking for some better options and quite frankly I find some amazing new AI tools almost every day but none that has made…
Banking Cyber-security Has Gone Insane!
I’ve now had three different incidents with banking cybersecurity that has resulted in major inconveniences. Wise I use Wise app to transfer money back and forth from the U.S. to Europe. The app and service has been pretty good but lately they have gone insane with cyber-security. It’s already bad enough to jump through hoops…
Play Time Over, Time To Make Money On IWM
Following up on this post regarding my plan to sell covered call options on IWM from back in November, I had written I would wait until the new administration had been sworn in and that’s now done so it’s time to make money. Since November I have been accumulating IWM via buy-write transactions and ended…
How I Reduced Colds & Flu At Home
For 2025, I am keeping a tighter eye on my annual household operating costs. I’ve already put in an order for new HVAC filters for my home and those cost me about $50 for a pack of 6 but that’s not what this post is about but it’s related. The other HVAC expense I have…