Apr
1
Rolling Over My 401k
April 1, 2007 | Comments Off
First thing I did this morning after I woke up was rolling over my previous employer 401k into a Rollover IRA. Fidelity allows it to be done on line in extremely simple steps. I hadn’t been able to do it before since I hadn’t been able to call Fidelity to re-establish my on [...]
Mar
21
Loans and Cigarettes – Both Turning Kids into Addicts
March 21, 2007 | Leave a Comment
I happen to invest in both loan and cigarette producing companies. You probably have seen my cash-cow portfolio. One thing that both banks and Altria/Phillip Morris (MO) have in common is that they make addicts of very young people: before they even have an income to buy their products.It is no secret [...]
Mar
17
Sub-Prime
March 17, 2007 | Comments Off
Sub-Prime loan customers, by definition, are risky business. Loaning to a sub-prime customer is loaning money to someone that has either been proven untrustworthy or is expected to be untrustworthy: someone who has failed on his payments before (broken a promise) or would be getting into such a high level of debt-to-income ratio [...]
Mar
6
My Dividend Stocks (2007 Q1)
March 6, 2007 | 2 Comments
As a response to my 2007 Financial Resolutions posting someone asked what dividend generating stocks I use. I do have a mixture of growth stocks and cash cow stocks. Some of the growth stocks generate a small amount of dividends (and I still count those towards my yearly dividend goals), but that is [...]
Feb
28
Book Review: Learn to Earn and Beating The Street
February 28, 2007 | 1 Comment
Peter Lynch is a great stock picker. He, like me, is also an advocate of early financial education for all American kids at school. I admire his knowledge and skill, even when his ego may be dangerously enlarged. Peter managed the Fidelity Magellan fund. Such fund was a wreck when he [...]
Feb
28
Book Review: The Big Money
February 28, 2007 | Leave a Comment
The Big Money: Seven Steps to Picking Great Stocks and Finding Financial Security from Frederick R. Kobrick.The book is about picking a few stocks that grow 10x or even 100x (10 or even 100 times) in value over the medium term. The rationale is that you only need a single investment of $10,000 on [...]
Feb
26
Networth Vs. Passive Income
February 26, 2007 | 1 Comment
One of the first things any person should learn is to track their own networth. Many people discover that when they subtract the sum of all their debts from the sum of all their assets, they end up in negative numbers. By just calculating this value many people end up changing their habits and [...]
Jan
27
A Basic Savings and Investment Strategy: 10/10/10
January 27, 2007 | Comments Off
Most people want to save money and invest it so that they can secure their life and make sure it becomes even more enjoyable over time. The main issue most people have is a lack of strategy. A savings-wish with no strategy doesn’t become a solid, attainable goal. In this article you will [...]
Jan
25
Frugal Stock Market Choices
January 25, 2007 | 1 Comment
Most of us start or have started small on investments. Most of us aren’t born with $10,000 to invest on an index fund, nor do we have the $50,000 to buy a well balanced portfolio of stocks! More than that, when we all start working we may only be able to invest $100 or $200 [...]
Jan
27
Deposit at the Bank … Or OWN the Bank
January 27, 2006 | 2 Comments
I had some spare money that I was planing to place on a Certificate of Deposit. Ing Direct offers a very good rate (currently an relatively impressive 4.25% or 3.19% after a 25% tax bracket).
But then I considered the alternative, investing in a bank stock. What if I used the money to purchase [...]
