Back on September 5th, I wrote a post about how to deal with stock market skeptics. In that post, I had opened a position by selling cash secured puts on SPY at $320 (fair value) strike price. I sold the put for $148 and was going to let it ride till December 20 at which…
Category: Financial Odyssey
How I Save Money Using Open Source Software
A few of my hobbies include photography, videography and travel and as you can imagine those three activities can cost quite a bit of money. In the past, I spared no expense on my hobbies but as time wore on I realized I was spending too much money on software. The issue became worse when…
Return To Office Mandates = New Layoff Tool
The big news this week is Amazon mandating employees return to office 5 days a week starting in January 2025. Corporate employees will be expected to be in the office five days a week “outside of extenuating circumstances” or unless they have been granted an exception by their organization’s S-team leader, Jassy said, referring to…
Buying Insurance For Your Assets
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…
Investing or Gambling?
I watch a lot of YouTube videos and what I watch is mostly focused on investing, finance, taxes, or related material but I’ve noticed a disturbing trend lately some of the YouTubers I follow to be pushing what I consider to be gambling “investment” opportunities. Masterworks The first site I saw from a reputable YouTuber…
Book Review: The Culture Map by Erin Meyer
I’ve been researching places to retire overseas and part of that research is to understand the culture and compatibility we (wife and I) may have with different countries. To that end, I picked up a copy of Erin Meyer’s “The Culture Map” to understand what we may encounter in different parts of the world. It’s…
Retiring With Millions At 34 Then Running Out of Money?
There is a great cautionary tale about retiring early, even with millions, and running out of money, from a personal finance blog I read, Financial Samurai and you can read the article here from yahoo finance. In the article the Sam Dogen managed to amass $2.5 million by 34 and decided to retire but is…
New Credit Card: $50k Limit!
Shhh….don’t tell Dave Ramsey this but I applied for a new credit card recently because it came with a fairly good sign up promo and when I got the card and setup the app on my iPhone, I was shocked to see it came with a credit line of $50,000! I’ve written about my strategy…
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…
The Cost of Celebrating Mother’s Day
I haven’t been posting lately and that’s because of a very expensive Mother’s Day. It all started when I was voluntold that we would be hosting Mother’s Day for my mother-in-law and my mom. This meant we would be having at least 20 people over and maybe more depending on which extended family decided to…