No Free Lunch
Continuing with our previous topics of how to make more money with your money, and how to just make more money period, I want to address the myth getting of something for nothing. One thing that residents of Main St should be aware of, if they are not already, is that there is no such…
Learning the Trade of Trading
Invest Time in Investing As was discussed in the previous post, the best way to save more is not always to spend less, but to effectively use your skills and time. Something that any resident of Main St. can learn to do is invest. We discussed a few ways to invest (in gas, for example),…
Spending is the New Saving
First things first—let me admit that I didn’t come up with this idea on my own. No, like most ideas, the catalyst was reading something else, somewhere else. This one happened to be in the form of a NY Times Article that helped me see the light. It’s a great article, and maybe I am…
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Sunk Cost and Investing
Following up on the idea of sunk cost that we previously discussed, let’s discuss sunk costs (so to speak) in investing. The thought behind a sunk cost is to eliminate emotions in decision making. Just because you have spent money to start something (as the theory goes), doesn’t mean you need to follow that investment…
Is Sunk Cost a Sunk Theory?
I read an article recently, or more aptly, tens of articles recently, about how in today’s market regardless of if you are the CEO or the Janitor that you need to be adding incremental value. As an aside, interestingly enough, apparently 99% of authors are excused from the adding value requirement, because none of the…
All Hedged In
Having talked about correlation and what can happen when prices go up, what are we to do? Simply watch a tank of gas eat away at our savings or profits like this article? Drive a moped? Ask the woman to drive on a date? Here’s a better idea: Hedge. Hedging is what all the big…
Personal Finance for Main St
When residents of Main St look for news on how the economy is performed that day, it's often reported in terms of how the "Dow" or the S&P 500 performed that day. So what is the Dow? Ditto for the S&P 500?
