No one likes deductibles and premiums going up, but the Blue Cross Blue Shield model is flat out wrong. Before I get to the stunt BCBS is pulling, let me say that I have defended insurance companies in the past just to be fair; therefore, check out “Why This Health Care Video Is Wrong“- as [...]
A friend of mine who is not a banker, yet has been involved in the financial world and is an educator made this comment to me. I think it’s great and worth sharing. The quote has to do with predatory practices, and with the financial reform taking place, predatory lending is a focal point. ‘I [...]
While driving home, I heard a typical hyped up debt free commercial. The ad said mortgages should be illegal. If mortgages were illegal, what would housing sales be without loans? Now considering most people need a place to live, there are a few choices. First, live with relatives, who bought a home. However, did they [...]
Marketing is pretty simple. Sales. Well, not exactly. I have spoken with many people, from business owners to HR personnel, about the subject of marketing. Many of the people in our conversations have a narrow view of marketing and generally relate marketing to sales. Now, I would have to say marketing ranks at the top [...]
I was listening to a buyer ask the saleman, “Do I get a special non-profit rate?” to which the salesman replied yes. That question has always been intriguing for a couple of reasons. First, if I’m in line behind the customer getting the special rate for the same exact thing, why should he get a [...]
Posted on 12 May 2010
Getting money for a small business is not easy for many reasons.
First of all, owners and prospective owners need to cut through the sales hype.
Advertising my say the President has ordered banks to loan money to those who qualify, but in reality, the President can’t simply do such actions.
Banks have internal business practices and structures just as any other business operates. Did you know some banks won’t loan on start up businesses or [...] Continue Reading…
Posted on 29 April 2010
Supeman can leap tall building in a single bound. Therefore, let’s look at building wealth using a conservative strategy to leap tall financial buildings too.
Are options risky? I hear people talk about the risk in options all of the time. Even the disclaimers from companies such as Scottrade, Schwab, etc. provide handout material on the risks associated with options.
However, people are risky.
Let’s say there is a company that I want to own. [...] Continue Reading…
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Posted on 23 April 2010
In my previous post, Top 10 Reasons ETF and not mutual funds, I mentioned why I do not like mutual funds, such as:
1. Transparency of the portfolio – what companies are in the fund on a daily basis
2. Liquidity – meaning I can sell an ETF during the day just like a stock
3. Fees and taxes are high on mutual funds
4. No options – selling covered calls or naked puts is how I generate [...] Continue Reading…
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Posted on 17 April 2010
I was asked if I understood beta when dealing with stocks. My answer was pretty simple.
To begin, I really do not care about the complex calculations in determining the beta value, I’m more interested in what beta means. Understanding beta is easy and important.
What makes beta something worth noting is beta has to do with profits and losses. When looking stocks, beta gives an idea about how the particular equity moves [...] Continue Reading…
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Posted on 14 April 2010
From my post How To Make Money Going Naked, I described selling puts. It’s really simple to do. The terminology is the hard part. So here’s what I did.
Since we are in April, I’m going to change the example from March puts as used the previous post to May for illustration purposes.
Let’s say I sold a May $10 put for $1. I got paid $100. ($1 x 100 shares since 1 option controls [...] Continue Reading…
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