As the company I work for prepares to roll out our new health insurance plan (and premiums) it hit me like a ton of bricks -Health Insurance as we know it today will collapse within the next 10 years. I’ve written about Synthetic Financial Disasters before and I wrote six key things that would happen…
Month: October 2006
Rich Slick Expands w/ New Website!
I have been fairly disappointed with the finance blogging world. My main concern is that no one seems to be offering any real advice on how to earn some extra cash with investments. No one seems to want to stick their neck out and publish how well or bad their investments are doing and the…
Arbitrage, Universal Default, and the Credit Report
A post by mm over at http://www.pfblog.com got me thinking about my credit card arbitrage deals and the “universal default” clause most credit cards have these days. I began to wonder what would happen if some deadbeat’s credit file got merged or added to my pristine credit file. Will credit card companies assume those bad…
Blogger meets Author
I am truly amazed at how the internet is transforming the business world on so many levels. A few weeks ago I posted a review of a book that changed my whole outlook on investment strategy Covered Calls & Naked Puts and a couple of weeks ago I was contacted by the author of the…
Federal Reserve Corporation keeps rate the same
The Federal Reserve Corporation left rates unchanged yesterday so we chug along at 5.25% despite rising inflation everywhere. MSNBC had a story about college costs rising 6% a few days ago while health insurance costs are up 7.7% over the past year. I wrote about my grocery shock last week when a gallon of milk,…
Paycheck Redistribution
I’ve written about how I use holding accounts to separate money from my paycheck automatically along with other creative uses of these holding accounts.  As we come close to ending the 2006 calendar year I’ve made some changes to my paycheck distribution that I’d like to share with you and why I did them. My…
Alternative Economic Indicators
While many investors look to the Department of Labor job statistics, the Federal Reserve FOMC meeting minutes or company earnings to get indicators as to how the stock market will perform in the near future I like to look at some more creative and alternative economic indicators for investing insight and predictions. One such alternative…
XLE – Finally got called
As I wrote about last Wednesday, I finally got called out on XLE at 54. Here is a quick recap of the money I made on this ETF from March through October 2006. Date Activity Symbol Share Price Cost 3/27/2006 Bought100 Shares XLE $54.14 -$5419 3/27/2006 Sold 1 Contract XBTIB $4 $385 7/31/2006 Dividend XLE…
When $100,000 = $61,915.41
The year was 1990 and the Berlin Wall had just come down. The future was so bright you nearly had to wear shades. Everyone was predicting East & West German re-unification. At the time I think most people considered a six figure salary as the panacea that would be the key to the lifestyle that…
Techflation
We frequently talk about inflation and the ravaging effect it can have on the purchasing power of your dollar but I’ve begun to understand that there is also something which I’ll call “techflation” in which subsequent generations find themselves needing more technology based items in order to get by. What are some examples? My grandparents…