Archive for June, 2007

Friday, June 29th, 2007

Do You Know ANYONE Who’s Gotten Rich With Mutual Funds?

I’ve had lunch with a few millionaires this week and I’m beginning to wonder if ANYONE out there is actually getting rich via the mutual fund route? It seems to be that if you want to make real money (tens of millions and up), you really need to have a great business idea. I have […]

6 Comments » - Posted in Money Management by

Thursday, June 28th, 2007

Chinese Banks To Offer Gold Trading

I didn’t see much coverage of this and I thought it was fairly interesting.  Seems China is opening gold trading to banks through a new exchange.   This bodes well for gold and I might entertain the idea of revisiting one of my favorite ETFs GDX. The Shanghai Gold Exchange will launch individual gold bullion trading […]

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Monday, June 25th, 2007

Credit Card Arbitrage Hits Wall Street Journal – It’s Over!

Well the credit card arbitrage game has finally made it to the Wall Street Journal which means it’s pretty much over.  The article also confirms something I’ve always suspected too; the credit card companies have mostly removed the caps on the balance transfer fee (normally $75).  For those people that don’t read the fine print, […]

1 Comment » - Posted in Money Management,Watch Out by

Wednesday, June 20th, 2007

What Does the Travel Future Look Like?

I flew a few days ago and noticed something new that sent a chill up my back.  No, it wasn’t the inept TSA agents confiscating my shampoo bottle because it was 2 inches too big, it was the long line of wheel chairs aligned along the wall waiting to pre-board my flight.  It suddenly hit […]

1 Comment » - Posted in Watch Out by

Tuesday, June 19th, 2007

Another $1300 in Cash Tumbles in

Alright, you can officially call me a flip-flopper.  I saw an opportunity yesterday and I took it.  Earlier this year I was averaging about $750 to $850 a month in ETF Covered Calls and I’ve now tweaked and boosted to $1000 to $1300 so far this summer.  The ETF-Cashinator told me to go for the […]

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Monday, June 18th, 2007

Options Expiry, Got Called on OIH and GDX, pocketed $1300

This past Friday I got called on OIH at $170 and GDX at $39 so I pocketed $1300 and am now sitting in 100% cash.  This is all part of the plan since I’m concerned about end of the month’s Fed meeting.  I have been waiting for an interest rate hike and I suspect we’re […]

2 Comments » - Posted in MMO,Watch Out by

Friday, June 15th, 2007

The Big Idea with Donnie Deutch

One of the shows I’ve been watching this summer is Donnie Deutch’s The Big Idea. Each show, Donnie interviews a person who had a great idea, started a business and made millions. It’s always interesting to see all the simple ideas that translated into millions of dollars for many people. Although I frequently watch the […]

5 Comments » - Posted in MMO by

Wednesday, June 13th, 2007

Case Study: SPY Covered Calls Beats S&P 500 Index Investing

There’s a great article over at seeking alpha that led me to this great report about a case study from Ibbotson Associates detailing how SPY Covered Calls beat S&P 500 index investing with less volatility as an added benefit.  The article focuses on the Buy/Write S&P 500 Index (BMX) and compares it to S&P 500 […]

2 Comments » - Posted in Financial Safety,Money Management,Raves by

Tuesday, June 12th, 2007

Rich Slick Pays Homage To Key PF Bloggers

I’ve finally figured out why I get so annoyed at most PF Bloggers. I often find most of the advice given too simplistic, unrealistic or contrary to common sense but those aren’t the reason I get annoyed. I get annoyed because there aren’t enough PF Bloggers out there that I could actually consider “peer” bloggers. […]

6 Comments » - Posted in Raves by

Monday, June 11th, 2007

The Real And ONLY Reason People Aren’t Getting Rich

There is a grand conspiracy to keep you from getting rich and I’m about to reveal it. It’s so sinister that I debated for days on whether or not I should tell all my readers but I decided that it was in the best interest of everyone to reveal this secret. Before I tell you […]

11 Comments » - Posted in Misc by