Back in the saddle

After doing very little productive since Wednesday at 11am, I am back at work and working hard again.

The market is nicely up all around. I've sold out of everything though and have switched to short puts for this month. I think the upside is strong but every single economic indicator is negative which doesn't bode well for a sustained up-shift.

I'm not really guessing that things will go down, I just think that upside protection with a small profit is the way to go in the short term. I'm often wrong about the short term, but with the short puts I still earn a nice percentage this month if I am wrong :)

I'm looking up the steps on registering my "Investment Advisor" right now, so hopefuly my 3rd week of trying to complete that is the charm!

It was a wonderful party for my Grandmother. No fights and a ton of bowling :) Garett decided to come also which was great!

God bless!

Finishing up lots of development

I'm finishing up a lot of development projects today. I want to have everything vital done prior to leaving for Kimble tomorrow.

The Fed rate cut should have a pretty dramatic impact on things as it comes down today.

I anticipate a fairly moderate day and then for most stocks to go slightly down for a while more as the rest of the economic indicators are all bad.

I'm playing very conservative right now, with only about 50% invested right now. I think the possible negative is a lot higher than the possible positive right now, so I'm being more conservative than I usually do.

After this week, or if there is a substantial drop, I'm going to revisit things again.

God Bless.

Gran's 90th birthday!

My Grandmother on my mom's side turned 90 today! She raised me from the age of 11 on, after my mom died.

Her Church threw her a big birthday party on Sunday. She said that everyone was there when I spoke with her eariler!

I am going to Kimble, Nebraska for the family party on Thursday through Sunday. Kimble is the location of my Aunt Patty. She runs a bowling alley there and it was a good central location so that is where we are meeting.

This should be a good week for work as I have several items that should be finishing this week.

God Bless!

Week of Slack

I slacked off my goals this week :(

I prayed about it last night and I'm really focusing today! The stock's have been favorable for me this week, so that's good.

I'm back in!

God bless

The week

This is the week were I try to get my papers filled to from an "Investment Advisor".

If that works life will be good :) Hopefully, I haven't overlooked something. I believe I can do this myself, but I may be mistaken and I might have to partner with an existing firm. That would be far less optimal.

God Bless.

Random musings

Well, the old "sell the news" is sure holding true with Apple. Especially if the news is that they just cut 33% off their most cutting edge product :)

Still, long term, this seems like the move that they should have done back in the days of "Intel" vs. "Mac". They are smartly cutting their prices down to compare to everyone else and when you cost the same and are far cooler and better then you generally win :)

So, I'm waiting a bit for the down-momentum to subside, but I plan to buy a few long options on Apple as the price will likely rise back to 145 prior to earnings. I'll probably hedge with a "spread" so that my costs and loss potential are mitigated.

God bless!

I Passed!

Yesterday I passed the Series 65. Now, I will start the paperwork and filings to form a Broker/Dealer and Investment Advisor company :)

Apple announced some pretty cool updates today, which naturally caused the stock to plummet. I was pretty sure that would be the case, I didn't think it would go down so much, but the old "sell the news" is true quite a lot of the time.

On a related note, my new Mac Book Pro arrived a little while ago. My wife is bringing it to me shortly :)

I'm switching from Windows to Mac finally. Windows has just gotten worse and worse, so I'm giving Mac a chance now :)

God Bless!