Archive for June, 2008

Monday, June 30th, 2008

What’s Your Plan For $7 Per Gallon Gasoline?

So you’ve been clipping coupons, you bought that 35 mpg Ford Focus, you’ve lived frugally and now you’re faced with $7/gallon for gas. What next? What’s your game plan for $7/gallon gas? How much more time and energy will you spend trying to cut corners so you can buy a gallon of gas? I’ve been […]

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Sunday, June 29th, 2008

Where’s The Tamale Lady On The Plane?

Years ago, I worked in an office building that had one unique feature that I’ve never encountered again in any other office building. This building featured a lady that would stop by every Friday and sell tamales by the dozen. Like clock work, every Friday, many people would head down to the lobby and buy […]

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Saturday, June 28th, 2008

Now’s The Time To Sell Naked Puts

Panic! Desperation!  Premiums on Puts!  It’s always hard to catch a falling knife so I like to wear a glove when catching one so I’ve moved my strategy into selling ETF Naked Puts. How and why would you want to sell naked puts? When the market drops like it is doing now, people tend to […]

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Friday, June 27th, 2008

Plunge Protection Team Out of Cash

Rumor mill says plunge protection team is out of cash and is now looking for private equity to keeps the banks afloat but who knows; it’s crazy out there!  Gloom and doom! With a 350+ point drop in the Dow it’s getting really ugly and no one has any real answers.    I’m selling naked […]

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Thursday, June 26th, 2008

Exceptional Returns With Leveraged ETFs Even In Down Markets

I’ve been experimenting with my mini account exclusively applying my ETF Covered Call strategy with a single ETF, the leveraged Dow 30, DDM, and the returns have been fairly exceptional even in a down market. Take a look at the graph below. The graph compares the Dow Jones Industrial Average returns with buy/writes on DDM […]

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Wednesday, June 25th, 2008

The Era of Disposable Clothes is Here!

With airlines charging $15 for first bag checked and some charging $25 to $50 for second bag checked, it’s become obvious that a new era of disposable clothes is needed. I’ve been doing a great deal of international travel and here’s what I figured I need to help myself and the airlines out: Disposable underwear  […]

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Thursday, June 19th, 2008

Why Politics is Irrelevant to Personal Finance

With a looming presidential election, more and more people are focusing on the differing strategies between the lead candidates in this years election and other political races but I honestly think that politics is wholly irrelevant to personal finance. “But candidate X wants to raise taxes and candidate Y wants to cut taxes, it makes […]

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Wednesday, June 18th, 2008

The Other Energy Bite That’s Coming This Summer

Many electricity generating entities rely on a variety of fuels to create electricity:  natural gas, coal, nuclear or hydro.   I can’t speak too much of hydro but as far as the other three, there has been a significant increase in the prices of all these commodities and many consumers will feel the pinch this summer […]

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Tuesday, June 17th, 2008

Dad Are We Wealthy?

My son is at an interesting age as he now comes home from school and asks all sorts of interesting questions.   The latest one was whether or not we were wealthy?   I asked him why he asked but he didn’t answer.  I then explained to him that we weren’t wealthy and that some people would […]

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Monday, June 16th, 2008

Where Are All The MagLev Trains?

With airlines all struggling to pay for fuel, increasing fees, raising prices ridiculously and on the verge of bankruptcy, I have to ask, where are all the maglev trains? This country’s infrastructure was built on cheap oil and those days are gone and there is no alternative infrastructure in place to turn to after years […]

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