Yearly Archives: 2012

Investing For Your Children

There is a range of options for saving money for your children, each with its advantages and disadvantages. Ordinary Savings Account This type of instant-access flexible savings account is generally available from many banks and building societies. It allows you or your child to deposit money into the account either by paying it in overContinue Reading

There Are Some Business Models I just Don’t Understand

I am not sure why, but I often think about businesses, business models and profitability.  This inevitably leads me to businesses that perplex me insofar as I can’t figure out how they are profitable. Three Examples of Business Models I Don’t Understand Local Bodega, Deli or Coffee Shop in a Large City A Bodega isContinue Reading

Our House Is On The Market

It was about a week ago that we put our house on the market. I never really understood people’s fascinations with their home insofar as I just looked at is as an asset (or liability) if it costs too much to hold on to you just sell it.  If the home no longer meets yourContinue Reading

When to Use Gasoline Additives

Gasoline additives can be an alluring, as they promise everything from more horsepower to better fuel efficiency. However, the truth is that most engines run optimally on untreated gasoline at the octane rating recommended by your vehicle’s manufacturer. Tampering with the octane rating or chemical composition of fuel by adding gasoline additives can actually causeContinue Reading

Do You Know Your Monthly Nut?

Regardless of whether you make $46,000 or $460,000 almost everything in personal finance starts with what I commonly refer to as the “monthly nut.”  I am not sure where I got the term from, but knowing myself I probably giggled at first but now use it almost every single day when discussing someone’s financial situation. Continue Reading

Screening Covered Call Options for my Traditional IRA

For the past couple years I have have mostly ignored my Traditional IRA.  I would put money into it every once in a while but it would mostly just purchase the only mutual fund that was in it The Fidelity Freedom 2050 (FFFHX).  I know that sunk costs shouldn’t matter but I promised myself ifContinue Reading