I read and watch a lot of videos on retirement because that’s the next big stage in my life so I want to maximize my knowledge around the topic. The big debate for the past year has been about what is the safe withdrawal rate for your portfolio. Dave Ramsey thinks it can be 8%…
Category: Risk Management
Wall Street Gobbling Up Trades – Rental Owners Beware!
The Wall Street Journal had a recent article entitled, “America’s New Millionaire Class: Plumbers & HVAC Engineers” that is a must read for every property owner. Here is a key quote: Private equity, however, is no foreign player in the skilled trades these days. PE firms across the country have been scooping up home services…
SPY All Time Highs – I’m Buying More Puts
Every time SPY spikes to all time highs, I tend to buy PUTS on SPY as a hedge. It’s no different this week and you can read about my past SPY Put buying in August here and and September here. So what did I buy? I bought $570 Puts for June 2025. A few of…
Will Real Estate Property Rentals Be Viable In The Future?
I had yet another problem with one of my condo rental units and it got me thinking about the long term viability of rental properties for small operators. I’ve written several posts now about the Pareto distribution and how 80% of the wealth (or properties) end up in the hands of the top 20% of…
Bank of America Glitch & Those Eggs!
Well it’s happened again! The big news right now is many Bank of America customers across the country have had their bank accounts zeroed out. I have a family member that confirmed a balance of zero even though there should be thousands of dollars in the account. Here is a quote from USA Today on…
Zepbound: My Health Journey – September Edition
This is going to be another short post. I seem to have plateaued. My doc wanted to boost me from 5mg to 7.5mg Zepbound dose but I wanted to stay on 5mg for another 3 month cycle. I now have two months of 5mg left in the fridge so I will burn through that then…
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…
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…