Finance, Food, Fitness
You have a house with $80k of equity valued at $180k. Property taxes run 2.7% on the full value of the home for rental properties. The home will need to be refinanced at 8.5% and insurance will run about $2k/year.
Based on that information, what is the best financial decision?
If you sell the house [...]
It is totally possible to die a billionaire. Set aside $100k today, make 20.23% for 50 years and you will be a billionaire. You don’t have $100k today? Save $10k per year for 50 years and you will amass $638 million. You will cross the billion dollar mark 3 years later.
Based [...]
My options sold last week, making me very little money but providing valuable experience.
Strike Price: $77
Expiration: Jun 06 (June 17th)
Options sold at: $0.25
Contract sold at: $25 ($0.25/option x 100 options/contract x 1 contract)
Transaction fees: $8.25 ($7 trade, $1.25/contract)
Cost basis (IWN): $76.20
Current stock price: $72.04
Keeping my risk low, I need to maintain a strike price [...]
Writing covered calls on optionable ETFs is fairly low risk. You buy, or already hold, an optional ETF such as IWN. Then you write a covered call at a strike price equal or greater than your purchase price. The risk is that your ETF will rise above the strike price and the [...]
I have already gone into detail why I think ETFs in general make better choices than Mutual Funds. Recently I have come up with an additional point that has a direct financial impact.
Some ETFs are optionable and mutual funds are not. What interests me is not buying options, buy writing covered calls or [...]
One of my friends, or should I say “friends”, decided he could write some software to replace me.
while (!this.rich()) {keep_trying()}
I think he got the meat of it, but it will take at least another line of code to adequately replace me.
Real estate and commodities offer high levels of leverage. For example, a house that appreciates at 5% a year doesn’t seem like a good investment and if you hold it for a year, it is a horrible investment. But let’s say you live in a house for 10 years, you put 5% down [...]
During a discussion of life insurance with a (all male) group of friends, a soon to be father mentioned he missed out on getting life insurance for his wife before she became pregnant.
Friend 1: what is she worth anyway
Father to be: half mil
Friend 1: haha, I was making a joke
Father to be: haha, so was [...]
If you read many blogs, you will see a lot of goal meters around, displaying the percent of whatever the goal maybe in the blogs side bar.
Me being the envious type, I decided I wanted a goal meter. What would be a fun and interesting goal? How about a new car savings goal? [...]
I will attempt to address this quite detailed comment.
You don’t mention index mutual funds. I think they are a great investment if you don’t have a lot to invest. They are not as liquid as ETFs but for long-term investments that shouldn’t matter. They do however have extremely low expense ratios. The Vanguard Total Market [...]
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