Thursday, March 4, 2010
Wednesday, July 8, 2009
"Dave’s philosophy on cash only makes perfect sense. It’s the psychology of parting with cash versus swiping a credit card. I think it’s probably even easier to spend money with a debit card than to actually, physically hand over cash.
The one area that I don’t think Dave gives enough attention to is people who already curbed their spending habits and want to take advantage of rewards that credit cards give. My american express card gives me 5% cash back on gas, groceries and some other items (which make up most of my budget) and 1% on everything else. In September, I’ll be getting something like $300 cash back for buying things that I already would have bought. The question is whether I would have spent $300 less on gas and groceries if I’d been paying with cash. Good question, but I don’t think Dave just dismisses it out of hand because he’s so convinced that credit cards are evil, which is pretty accurate. The one other argument I heard him make to a caller on his show was that all it takes is one late payment and/or having to pay the crazy interest because you can’t pay the balance at some point, and all those “rewards” are wiped out.
I’m curious what others think about this. Is it better to just avoid the whole credit card realm and stick to cash, or take advantage of the rewards they offer?"
Here's the actual website:
Thursday, June 11, 2009
I will add it to the list of links on the sidebar of this blog.
I intend to spend a little more time writing tidbits on this blog. I will share some of my writing as well as some ideas I have about the economy.
One idea I had just a couple of days ago was to begin accumulating more shares of Aqua America (symbol: WTR). Since then it has come up a little. I really like the business and the 3% dividend is nice, too.
Monday, May 11, 2009
I do think there will be more posts to come if you're a reader. I hope to get back to some of the topics that go me going in the first place. Stay tuned...
Sunday, December 7, 2008
I'm back. Though I have no idea how much actual difference being done with graduate school will make, I hope it means I'll be able to write on my blog more frequently. The problem is, as I'm quickly realizing, there are several thousand things that I've put off during the grad school process that I kept telling myself I'd get back to upon completion: time with my wife, my kids, reading several hundred books that are on my 'to-read' shelf, write fiction, plan lessons for my students, play music, work-out, look at my investments (though it's probably just as well that I haven't been able to do that), etc. --really, the list goes on and on--
What I've come to realize is that being a graduate student didn't necessarily take up all of my time to do other things, rather it forced me to focus and be very precise in my scheduling. That being said, I'm sure I'll be able to get to some of the things on my list. As it is, I've already been able to do a couple--this, of course, is proof of one :)
Last night, my son spent the night at his Aunt Regina's, so I suggested to my wife that we watch a movie I've been meaning to see for some time: The Dark Knight. Wow, not much redemptive to that movie! I'm still mulling over the details and thinking about the tie-ins with McCarthy's literature, but it was definitely worth seeing. I think Batman Begins was the better of the two, though. The critics got it right about the Joker: he was awesome. What a twisted and terrifying specter.
In keeping with the theme of this blog, I will mention briefly my prognosis on future economic news with just a brief prelude:
1) I have thirty plus years on my investing horizon.
2) I have two children; the first will enter college in 15 years.
3) I have a relatively low paying job
4) My investments (m0st of which came from when I was a salesman) are down over 30%.
Given that I think the United States will continue to see difficult times (I predict that the next bull market won't begin until the beginning of 2010), the best thing I can do is to continue dollar-cost averaging into the market.
Also, given that I want to some day work because I want to, not because I have to, I plan to take advantage of any tax-advantaged retirement options (the Roth-IRA seems the best in that arena).
Lastly, I'll continue to keep the purse-strings tight, mostly out of necessity, but also to try and scrounge together what I can to get more into the market. I want to take advantage of what I perceive to be some really good bargains.
In case anyone was wondering, I got out of Borders (BGP) way before it crashed and put all the proceeds into Whole Foods (WFMI). The shares of Whole Foods were $10.50 and went down to around $8, but are back up to near what I paid. I'm thinking I'll hold onto these shares for the long-haul, unless I hear news to make me think otherwise. No matter the economic outlook, people need food and the stock is down ninety percent from its high. Plus, I really like the CEO, who pays himself $1 salary, they stopped paying the dividend for now (which was wise), and everytime we shop there, it's super busy.
Feel free to reply.
Thursday, October 23, 2008
Saturday, August 30, 2008
July 30th, we had a baby girl. This has something to do with my recent absence on the blog front. That being said, I have been doing a fair amount of reading and thinking. I've also been following the topsy-turvy market a little. My shares of Borders (BGP) have been tumultuous of late, but last week had a huge gain (21% in one day); I guess that's why it's called speculative investing. I've got to go check on the baby who is crying. I'll leave you with this thought: AIG might be a good time to strike and I'm also thinking about Global Traffic Network (GNET)...
Terry Brooks, one of my favorite pulp fiction writers, just came out with the third and final book of his most recent series. I don't have much time for pleasure reading these days with the thesis on the wings. Alas...
Whose going to break the three-way tie in my poll to the right?