Jul

31

Do I Need Extra Insurance On My LLC?

July 31, 2008 | 1 Comment

 You insure what you can’t afford to loose.  I believe that some insurance is fairly standard:

Health and Disability Insurance - Above all, you can’t loose yourself. 

Car Insurance - The state will probably force you to take it.  And although you can pay for your own car replacement, it is likely you can’t pay for a [...]

Jul

28

Mortgage Rescue Bill : Mixed Emotions

July 28, 2008 | 1 Comment

Over the weekend Congress passed a mortgage rescue bill that the President has no choice but to sign (asuming he wants to keep his party afloat just enough to compete on November).  There is a big chance this will not be the last economy rescue package in the near future, and an almost equal chance [...]

Jul

15

FDIC 75 years of History

July 15, 2008 | 2 Comments

Bair from the FDIC said:
“No insured depositor has ever lost a penny of insured deposits throughout the FDIC’s 75-year history.”
Perfectly true, but there is something missing in this statement:

The FDIC was created after the Great Depression.
The FDIC was created, in part, to prevent a Great Depression.

With the Fannie and Freddie falling apart also, I am [...]

Jul

15

iPhone Economy

July 15, 2008 | 1 Comment

It turns out that the iPhone is sold out in 21 states.  To me, it could only mean one thing:  consumers feel that their ability to pay for the extra communications expenses is still very good.  Where is the gloom and doom everyone is telling about?
Unfortunately, the iPhone is not sold out on Massachusetts yet.  [...]

Jul

10

Miles and Award Travel Keeps Depreciating

July 10, 2008 | 1 Comment

A promise is a promise until someone decides to break it. That is exactly what could happens and could keep happening with travel loyalty programs (miles and points).
For business travellers like me, hoarding miles may not be such a great choice. Last week Delta decided to charge ‘fuel surcharge’ on award travel. [...]

Jul

1

Celebrating 5 Years of 0% Downtime - Rental Properties

July 1, 2008 | 1 Comment

It is amazing that even with all of the issues the economy has had, including a slump in real estate property values and sales, our two townhouses are still rented: and have been rented for every single day since they where initially available for rental.
How has it happened?  I could attribute it to sheer luck.  However, [...]

 

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