Archive for the ‘Finances’ Category

One trick pony

Monday, September 10th, 2007

My friend SteveO made a post about being a one trick pony on the Fastlane to Millions Forum.  Before he made this post I had been thinking about this alot.  I think that many people spread themselves too thin.  I know that I am doing it right now.  If you find ...

Sometimes I wonder about our banking system

Thursday, September 6th, 2007

Do banks really like to lose money?  Last week I posted about credit card fraud on one of my accounts.  Coincidentally and totally unrelated, I also had an incident with a checking account that I don't use very often.  I noticed a pending $4.88 debit card transaction from Bed Bath ...

More credit card fraud

Wednesday, August 22nd, 2007

Since I had $2000 taken from my brokerage account last year I set up email alerts on almost any type of transaction taken from any of my accounts.  Yes, it has been very annoying for the past year but the monitoring paid off on Monday. I got an email of a transaction from one ...

The psychology of losing money

Friday, August 17th, 2007

The stock market has been going on a crazy ride in these past few months.  Trading options is almost a sure way to lose money.  But you just have to make more than you lose right?  Why is it no big deal to watch these huge daily fluctuations in my brokerage ...

Life insurance math question

Thursday, July 19th, 2007

I've been struggling with this for a while.  Maybe someone can help me out. I have a life insurance policy that has a cash value of $14,000.  Every year my the cash value of this policy goes up by $1,000.  My policy's premium is $766.00.  So on a simple level, I pay ...

Active tax planning

Monday, July 2nd, 2007

Many people only think of their accountant only in January through March.  The reality is that by the time you take a look at your taxes after the new year, there is really not much that you can do to save on taxes.  Tax planning should be a ritual that ...

Security loophole at my brokerage

Monday, June 18th, 2007

Last year, $2,000 was stolen from my brokerage account.  Ever since then my account there has been put on a tougher security level. Last week, I decided to withdraw some money from my account.  While doing so, I realized that I hadn't changed my address on my account since I moved last ...