Investment Blogs

March 31, 2010

Simple Living In A Nutshell

Filed under: Uncategorized — Tags: — Dawn @ 2:00 pm
Simple living is reducing the clutter of life and space down to the essentials of what is important; allowing what remains to stand out and bring value.


Simple living has been going on for many, many years — Hindu and Buddhist from the east and in the west with Shakers, Mennonites, Amish and Quakers. They practice a life of moving away from wealth and technology. Though simple living is a part of these religions, it is more a philosophy and lifestyle that could, in a sense, become its own religion. Much like the voluntary simplicity movement in the US and the down-shifting taking place in parts of Europe.

People who are active in their simplicity voluntarily reduce their need for consumable goods and put a monetary value on their time as it relates to what they buy. For instance: If you make $100 a day at work and a sofa costs $500, you just spent a week working to buy that sofa — you want to make darn sure it is worth your time and lasts you as long as possible.

This reduction of stuff in our lives not only simplifies the clutter around us, but also the stress 'clutter' in our lives. If you are only working towards maintaining the few things of value in your life, you have a better direction as well as less stress about 'keeping up with the neighbors'.

With fewer consumable goods in our lives, being able to reuse/recycle an item to make it last longer also allows you to live with a smaller 'footprint' in the world. I believe that there is not a religion out there that says we shouldn't take care of the world provided us.
 
Technology in the simple life is a personal decision. If you feel removing it might be best for you, test it out and see what you can do without. However, minimizing the technology to only the items that bring VALUE to your life, and not distraction, might be the first step to make.
Where do you start?
  1. Reuse items — Coffee in travel mugs instead of Styrofoam; use rags instead of paper towels.
  2. Reconnect — Spend time with family, eliminate distractions, go outdoors, or go it alone.
  3. Rethink — Ask yourself if you need the item. Is it worth the money you make, will it be used, will it be of value?
  4. Reevaluate — Take a look at your bills and see where you can lower consumption; add a low-flow shower-head, conserve water, lights, etc.
  5. Reduce — Live in a smaller space. There's less to take care of and less to worry about.
One of the biggest influences in our lives is advertising and the pressure to 'fit in' to a certain cookie-cutter mold. Break out and break away!


Kick-start debt reduction (and peace of mind) by selling your stuff

Filed under: Uncategorized — Tags: , , , — mbhunter @ 4:47 am

I just finished reading “Dr. Dean” Burke’s The Millionaire Nurse.  (Dr. Dean sent me a complimentary copy of the book.)  He’s a ob/gyn with 25 years’ experience and far more than a casual dabbler in personal finance matters.  His book speaks mainly to nurses (surprise, surprise) and a few of the analogies he made would have certainly been obvious had I been a nurse.

One piece of advice he gives to people who’ve dug themselves into a deep hole is to sell off a lot of the stuff that got them into the hole in the first place using yard sales, Craigslist, eBay, whatever — especially if it’s gotten so bad that the mortgage payments are behind.  Some of the big things may have to go, like “the flat-screen TV, boat, or Harley.”  Depending on how imminent the consequences are, some really tough decisions may need to be made.

But taking a different spin on this, it could also work to sell a lot of little stuff — whether it be shoes, DVDs, Hummel figurines, books, salt and pepper shakers, comic books, whatever.  Stuff that might have brought some pleasure at one time, but now just takes up space.  Or maybe it still brings pleasure, but needs to go to because bills are due.  A nice collection of DVDs can be sold as a lot on eBay for a few hundred dollars (or more).

If the stuff is more of the “now just takes up space” kind, then there’s a nice fringe benefit:  having that stuff gone literally frees up some of your brain power.  We moved recently and I didn’t do as good a job pitching things before I moved.  I got rid of several boxes of books and magazines that weren’t doing anything productive.  (At one point I was going to sell them, but that’s starting to fall through.)  My shoulders felt lighter after doing that, and it was one less thing I had gnawing at me and sapping my mental energy.

Selling stuff is a great way to raise cash to pay off bills and reduce debt.  Some of the prized possessions may (painfully) end up going, but try starting with the low-hanging fruit — stuff that doesn’t really do that much anymore — and enjoy the extra space and extra piece of mind along with the extra cash.

Hot hot hot money questions at Cash Commons

March 30, 2010

Festival of Frugality 223: The Silver Edition

Filed under: Uncategorized — Tags: — Dawn @ 3:16 pm
We always talk about squeezing our nickels and dimes to get every last bit we can from it. We pinch pennies so hard we build up the muscles in our hands and people look on in amazement. But rarely do we pinch our money so hard that silver comes out.

I've always wanted to pan for gold but since I neither have an idea how to do that or had an interest in shaking a pan full of muddy water to find it. I have instead, found that the next best thing is to collect silver and this has been nice to my lazy ass  in that I have to only dig through the coins in my pocket to search for silver.


Before I go any further if you would like to host the festival of frugality or find out more go to festival of frugality.com and take a look around.

The 1964 silver (90%) Kennedy Half Dollar (1965-1970 = 40%)replaced the Franklin half dollar within three months of the assassination of President John F. Kennedy.
The 1971-1976 silver (40%) Eisenhower Dollar, because its cumbersome and excessively large size, this lead to their short time in circulation and replacement by the smaller, but even less popular, Susan B. Anthony dollar in 1979.

Editors Picks
Mrs. Nespy's Frugal World: 8 Items Your Baby Really Doesn’t Need - Since my sister is having her first baby this one caught my eye and I sent to my sister to review.

Personal Finance By The Book: Five Reasons Why a Penny Saved is Better Than a Penny Earned - I fully agree, saving money to me is more fulfilling than earning more.

Budgets are Sexy: Frugality on a Whole New Level! - The post is short and to the point, but the comments are better. Always nice to see commentors who are willing to voice their opinions.

Bargaineering: Your Take: Why Are You Frugal? - Another short post but the comments make up for that with wonderful personal experiences.

Privately minted silver coins are commonly called "silver rounds" or "generic silver rounds". They are called "rounds" instead of "coins" because the US Mint reserves the use of the word "coin" for Government Issued circulating currency, such as all common coins and the American Silver and Gold Eagles.
The privately minted "rounds" usually have a set weight of 1 troy ounce of silver (31.103 grams of 99.9% silver), with the dimensions of 1/10 inch thick and 39 mm across. These carry all sorts of designs, from assayer/mine backed bullion to engravable gifts, automobiles, firearms, armed forces commemorative, holidays, etc.

Money Beagle: Considering A Membership To The Zoo

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Money Ning: Are You Tired of Being Frugal?

Free Money Finance: Budgeting Pitfalls

The current rarities for the Washington Quarter silver series are: 1932 D/ 1932 S/ 1935 D/ 1936 D/ 1937 S/ 1938 S/ 1939 S/ 1940 D/ 1950 D/S Over mintmark (coin is a '50-D, with underlying S mintmark)/ 1950 S/D Over mintmark (coin is a '50-S, with underlying D mintmark)/ 1955 D
Money Help For Christians: How To Buy Missionary Health Insurance

Peak Personal Finance: Payment Priorities: Making Your Mortgage Payment First

Bible Money Matters: A Great Way To Get Free Gadgets, Cash And Other Free Stuff

Being Frugal: Inexpensive is Not Inferior: How to Home-school on the Cheap
 
The Silver Series of Washington Quarters spans from 1932 to 1964; during many years in the series it will appear that certain mints did not mint Washington Quarters for that year. No known examples of quarters were made in 1933, San Francisco abstained in 1934 and 1949, and stopped after 1955, until it resumed in 1968 by way of making proofs. Denver did not make quarters in 1938, and Philadelphia never stopped, except in 1933
Free From Broke: Ways People May File Income Taxes For Less Or Even Free

Fine Tuned Finances: Tuning Up Your PC For Less

The Dough Roller: How to Establish Credit After Bankruptcy

Wealth Pilgrim: How to Stop Spending Money Poorly

Although most commonly referred to as the Mercury dime, the coin does not depict the Roman messenger god. But instead, is a depiction of the mythological goddess Liberty wearing a Phrygian cap, a classic symbol of liberty and freedom, with its wings intended to symbolize freedom of thought.
Provident Planning: Raising a Cow for Beef: Month 7

Canadian Finance Blog: Frugal Getaways: 5 Ways To Treat Yourself With A Frugal Vacation

Family Balance Sheet: Keep your eyes and ears open for FREE family activities

Journal of Healthy Living: Why Going to the Gym Saves You Money

With the passage of the Coinage Act of 1965, the composition of the dime changed from 90 percent silver and 10 percent copper to a clad "sandwich" of copper between two layers of an alloy of 91.67 percent copper and 8.33 percent nickel. This composition was selected because it gave similar mass and electrical properties (important in vending machines)—and most importantly, because it contained no precious metal.

Soon after the change of composition, silver dimes (as well as silver quarters and half dollars) began to disappear from circulation, as people receiving them in change hoarded them.
The Digerati Life: Skip Commercial Banks! How Cash Only Living Can Work

Miss Bankrupt: Fake Uggs are Bad for Your Feet

Wisebread: Homebrewed Beer: Make Your Own and Save Money?

The Sun's Financial Diary: Is Your Budget Making You Bitter?

From mid-1942 to 1945, so-called "Wartime" composition nickels were created. These coins are 56% copper, 35% silver and 9% manganese. The only other U.S. coins to use manganese are the Sacajawea and presidential dollars. These coins are usually a bit darker than regular nickels, said to be due to their manganese content.
The wartime nickel features the largest mint mark ever to grace a United States coin, located above Monticello's dome on the reverse. This mark was a large D, S, or P if appropriate for those mints
Coupon Shoebox: 8 Ways to Get More Bang for Your Entertainment Buck


Buck$omeboomer's Journey to Retirement: 5 (Not-so-Hard) Ways to Put Extra Cash in Your Pocket

Frugal Upstate: Recipe: Homemade Hamburger / Hotdog Rolls

Suburban Dollar: Do You Want an iPad?

Is there a silver penny out there to make me a millionaire?
Unfortunately - No.
The 1943 silver colored penny is a wartime issue made of steel, and coated with zinc. During World War II, copper was so badly needed for the war effort (to make shell casings) that the U.S. penny was made out of steel that year, which is why most 1943 pennies are silver colored. They are worth about 12 to 15 cents each in circulated condition


March 29, 2010

Time Flies…

Filed under: Uncategorized — Tags: , , , , , — Madame X @ 5:11 pm
I have been insanely busy lately. Work and personal obligations seem to keep me running from one thing to the rest. When I get crazed like this, I always find myself wondering how people manage when they have kids-- as a single woman, I feel I hardly deserve to complain! But I guess life just fills up with whatever you have to fill it with-- family, a significant other, creative activities, exercise, and necessities like eating, sleeping and earning money.
For most of us, earning money is what takes up the biggest chunk of our day, and it's usually less fun than all the other stuff! So many of us find ourselves wondering about that trade-off: you have to earn money to support the other things in your life, but could there be a better balancing point between money and free time?
I knew someone who took a 20% pay cut in order to cut back to working only 4 days a week. She wanted more time to devote to writing. The writing did earn her a few dollars here and there, but nowhere near what she gave up in salary. It was hard for her to make ends meet, and she sacrificed things that other people probably wouldn't give up, but the choice was worthwhile for her.
For me, working part time isn't an option right now. I could perhaps make a case for it with my boss, and I think I'm valued enough here that they'd consider it if the alternative was me quitting. But I feel like I need every penny I'm currently earning in order to meet my long-term financial goals. I'd like to think I could use any extra "free" time to generate income in other ways, but it doesn't seem like a good gamble to me. The kind of blogging I'm willing to do is never going to turn into a big money-maker, though I'm always impressed that other finance bloggers have managed to go pro. And though I think I have a great idea for a book, which is almost entirely fleshed out in an outline, I know too much about the publishing business to think that it would be likely to make me much money, even IF I could get it published, after the even bigger IF of actually getting it all down on paper!
All this is not to say that I'll give up on these projects-- just that I need to find a way to fit them in while still working at a full-time job. And that means I have to be more efficient!

Since time is money, I'm thinking about lots of ways to waste less of it. I'm not sure how many of these things will make a meaningful difference, but maybe they'll help:

Less media-- I have to do so much reading already, blogs make it even more difficult. I've really cut back on my RSS feeds, and am more selective on what I click through to. I'm also trying to be more ruthless about magazine articles, podcasts, books, etc. If I'm not getting enough out of it, I have to just move on to something else rather than trying to finish it anyway!

More automation-- I've been putting more bills on auto-pay, and letting go of more paper statements. I've always found certain things to be easier with a piece of paper in front of me, but I'm going to try to act on email reminders, and save paper only when I think it's really necessary for tax purposes.

Multi-tasking-- Can I read while exercising? Can I work on the subway? Can I blog at my desk during lunchtime? This is a tricky one-- sometimes I think trying to do too much at once actually ends up wasting time rather than saving it. Therefore:

Concentration-- I'm trying to be less distracted at work so I can finish what I need to do and not have to stay late in the office or be catching up on emails outside the office. The only problem with this is worrying that I'll look like a slacker when I am working within an office culture where few people walk out the door at 5pm! I also need to apply this to other parts of my day: sometimes I get home from work and realize I've just waffled around for a couple of hours without accomplishing much of anything.

Time Off-- I can't just turn myself into a task-churning robot either. I need to allow myself some down time too, and fully enjoy it. Snuggle time with Sweetie shouldn't be cause for anxiety about all the other things that aren't being accomplished during those moments!

Does anyone else have any good tips to share on how to make the most of your time? Have you ever traded money for time?


Trade Update – DLCR

Filed under: Uncategorized — syndic @ 2:40 pm

Bought 9,000 shares at .025 last week (partial fill), and bought 11,000 more at .0289 this morning. I think it might be ready for a big run. It needs to break .03. After that, .16 is not out of the question, in my opinion.

March 28, 2010

I Thought of This Song This Morning

Filed under: Uncategorized — syndic @ 12:22 pm

Sorry for the sappy post. I am just hoping there is someone out there for me. I have a lot of medical baggage, so it will take a very special person.

March 25, 2010

Trade Alert – VCTY

Filed under: Uncategorized — syndic @ 4:58 pm

Sold all 60,000 shares at .0095 for a $50 loss.

Getting close to my last stand here.

March 24, 2010

Trade Alert III – VCTY

Filed under: Uncategorized — syndic @ 3:06 pm

Bought 60,000 shares at .01.

March 23, 2010

More Health Care Stocks

Filed under: Uncategorized — Tags: , — syndic @ 2:24 am

It's been building for a few months but now that it seems the health care bill has passed and is about to be signed into law, a wide range of health service related stocks look like they're perking up and are about to make some headway.

We were premature but saw the opportunity in the making for these stocks then but they look prime now. In addition to the three identified in "HMO Stocks: AET, UNH and WLP" on December 10 can now be added hospital, nursing home and outpatient/homecare stocks. Those in the groups that appear to me to have clear, strong, long bases or consolidation patterns include (click on image to enlarge):

  • DVA (Davita)
  • GTIV (Gentiva)
  • LCAV (Lca-Vision)
  • DCAI (Dialysis Corp)
  • BKD (Brookdale)
  • KND (Kindred)
  • SRZ (Sunrise Senior)
  • ENSG (Ensign)
  • THC (Tenet)
  • CYH (Community)
  • UHS (Universal)
  • LPNT (Lifepoint)

I couldn't include all the charts due to space and time constraints. The above are included only on the merits of their charts; you should, as usual, do your on diligence in evaluating these and other stocks based on both their technical and fundamental merits for your own portfolio and investment style.

March 21, 2010

Is The Market’s Tilt Changing?

Filed under: Uncategorized — Tags: , , — syndic @ 3:04 pm

I feel the market is tilting? Its rate of ascent since the March 9 low has continually and inexorably been flattening with the rate of change, or slope, shifting from steep to nearly flat as depicted in the following charts (click on image to enlarge):

We all look back fondly to last year when, if you had the courage, you could buy nearly any stock and see it appreciate handsomely within weeks or months. Then in November, rather then bouncing off the lower trendline and heading to new highs, the Index began barely crawling along the lower boundary trendline. On January 19, it hit the magic 1150 level and broke below the support.

We hoped that the break would be minor and the bull market continue albeit tempered. But those hopes were dashed when the lower boundary of that less steep upward channel was also broken. The correction finally found an intra-day bottom at 1044 followed by the most recent nearly 10% bounce.

Paul Lim in Sunday's NYTimes recaps the challenges of the second year of a bear market recovery:

  • In nine of the last 10 market recoveries going back to 1932, stocks gained ground in the second year after a bear market...[but]...if the rally continues through 2010, the year “is unlikely to be anywhere near as rewarding as the past one,”
  • ... second years of rallies are almost always less fruitful than the first. Only twice has the S.& P. 500 index gained more than 12 percent in the second year after a market bottom. And the average gain was just 9 percent,
  • ...Year 2 has been particularly challenging after bear markets related to recessions. In the second year after the most recent bears in this category — which spanned from 1980-82 and 2000-02 — stocks gained only 2 percent and 8 percent, respectively.
  • ... using 10-year average corporate profits, the market’s price-to-earnings ratio is 20.6. That’s noticeably higher than the historical average of 16. In periods when the market’s P/E ratio has been between 19 and 25, the average real return for stocks over the subsequent decade has been 3.8 percent after inflation...Assuming that inflation is around 3 percent, stocks are likely to return less than 7 percent, which is lower than their long-term historical gain of around 10 percent a year.

If last week marks another top, then the market's upward bias will be further compromised and trend flattened even more:

I looked at all my postings since January 1 and they reflect the ambiguity of the market itself. In January, I write about "dominoes" falling in a long anticipated and significant correction. In February, I advise using bounces as opportunities to further lighten up. Finally, in March, I assemble watchlists of stocks that could lead the market as it moves in the next leg of the bull market.

While there's no market momentum, I got swept up in the excitement of 9 consecutive up-days and identify one bright spot, stocks in Retail-Restaurants group. Tread carefully, however, because this market can still move in either direction when volume returns.

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