Welcome to the traditional monthly net worth update – The July 2008 edition. In terms of expenses, this month was a little higher than expected. We typically funnel all of our spending through our credit card (for the rewards points) and we ended up with a $2,500 bill for the month (paid in full of…

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To continue on with my buying and selling stocks for beginners series, lets get into the basics of how stock margin and margin accounts work. When the application to open a discount brokerage account is initiated, there is a choice of whether to open a margin or cash account.  I typically open a margin account…

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I’m a little past due but it’s time to do a mid year portfolio check up. TheMoneyWriters came up with the idea of doing a portfolio update to see how we are all doing thus far. Honestly, I would be surprised to see anyone with any significant portfolio growth at this point in 2008 Non-Reg…

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It seems that after watching “The Secret“, I have been attracting attention from the main characters in the movie. First it was Joe Vitale with the book “The Key“, now John Assaraf with his newest piece, The Answer: Grow Any Business, Achieve Financial Freedom, and Live an Extraordinary Life. Wait, before you discard this review…

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With VISA being a public company now, they are looking for ways to spread their reach and make more money. One way is to compete with one of their arch rivals, American Express. AMEX cards are notorious for offering better rewards than the traditional VISA/Mastercard, but times are changing. Introducing the new Visa Infinite credit…

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Disability Insurance Feature

I’ve been getting quotes for own occupation disability insurance from various insurance agents and they all promote the “return of premium” feature as being the best thing since sliced bread. Whenever a sales person promotes a product aggressively, my suspicion sensor trips and sets off an alarm. In my experience, heavily promoted financial products are…

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