Archive for October, 2006

Hourly pay rate

Published at October 31, 2006 in Personal Finance. 0 Comments

I just read this post by GolbGuru on his blog Money, Matter and More Musings about how long it takes for some people to make $1000.

What really got me thinking though was this post by Steve Pavlina on a somewhat related subject about working for an hourly wage, and why it is — or can be — a bad thing.

I have to admit that my current hourly rate isn’t too bad these days being a software developer, but I’m looking for a more passive income strategy where making a thousand dollars will equate to a couple of hours a week worth of work. Still not several minutes like the celebs, but not bad either!

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A few more you might be interested in:
Priceline works great!

Personal Finance Book Recommendations

Published at October 31, 2006 in Personal Finance. 5 Comments

Back in the early 90’s I had gotten Charles Givens’ books and was quite impressed with the easy to read nature and to the point ideas. I have since lost my copies after many moves over the years and was wondering if there is anything equivalent in current print.

I liked the reference style of his books and wouldn’t mind something similar but I’m open to other ideas. I realize I can get his books off of Amazon, but something a bit more up to date would be nice. I’m interested in pretty much all of the topics, but more focused on taxes, insurance, etc. rather than investing.

Anybody have any good recommendations?

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Google slipping a little

Published at October 27, 2006 in Personal Finance. 0 Comments

Google has slipped a little from its high of 480 and some change. Since it hit a 52 week high with that number, I’m hoping that this slippage is more of a profit taking dip than anything else. For those that are charters, this could be a handle forming. My other stock, Goldman Sachs (GS), is up still going up however.

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Google is Good!

Published at October 24, 2006 in Stocks. 0 Comments

Having just recently gotten back into working with my IRA account, which is a self managed stock account, I bought Google (GOOG) a few weeks ago at $400 and it has hit an all time high at $480 and some change. A nice 20% increase in just a few short weeks, a nice way to get back into it! My only regret is that I don’t have more money in my account to take advantage of it. I’ll take it regardless :-)

Tomorrow I’ll set up a trailing stop with my broker to lock in some of that gain. I’m hoping it goes to 500, but we’ll see.

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Getting started

Published at October 24, 2006 in Misc. 4 Comments

Well, I decided to start a blog just for investments and personal finance matters. I had started to do some investment blogging on my other blog, but I would like to do more targeted stuff, so that is what this blog is all about.

I have been doing some minor investing on and off for many years in different areas, but I plan on doing a more focused approach from now on and perhaps this blog will help me keep that focus. In any event, maybe something I do or don’t do will help someone else out, or others in the investment arena can help me out. Either way, let’s make some money!

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