Why All The Hippie Nonsense?

My wife essentially asked me that question recently (worded differently) because of the many links I post on Facebook about things like tiny houses, my belief in The Secret, self-awareness. living simpler as well as my many years of blog posts about living below your means and spending time on figuring what makes you truly happy as I believe many people spend years pursuing what they think is happiness but turns out not to be. Add to that posts on the importance of volunteerism, hobby monetization and things I’ve learned from other people who influenced the path I’ve chosen. Hippie nonsense is not about taking shortcuts in life or not working hard. Young people, in my opinion, need to pay their dues. I worked on trading floors (cubicle farms) for many years. As far as working hard, I believe that you get out of life what you put into it which is an argument for working more not less (I have two paying jobs and a third job with no monetary reward). Our attitudes on how we choose to live our lives is usually some combination of what we learn from our parents (good and bad) and our own experiences. My parents made a lot of financial mistakes which I have been determined not to repeat. You can learn a lot from the mistakes others make, this applies to many, if not all aspects of life. As a kid I was sick for a short time in high school which has come to play an increasingly larger role in my thought process about making sure the right happiness plays a...

Weekly Market Update

The Weekly Market Update is posted at Alpha Baskets and includes the following; Also related to gold, this coming Sunday Switzerland will vote on a referendum on whether to keep 20% of the country’s reserves in gold. The Swiss National Bank, the Swiss central bank, is warning that this requirement, if passed, would hinder its ability to conduct monetary policy. And from a little later on in the update; …another November college basketball tradition kicks off on Monday; the Maui Invitational starts at 2:30pm EST on ESPN2. Please click through to read the entire...

Walker Fire Treats Dog Injured In Rollover Accident

A twofer this morning. My latest for Alpha Baskets looks at a couple of articles on retirement that popped up last week that I believe combine to drive home the idea of tailoring a solution that employs innovation to succeed. This is obviously an important topic but also fun to read about and write about. From the post; One idea that he offered was that if you can put half your assets into an immediate pay annuity and have the payout cover your expenses then you are over funded, if not then you are underfunded. For anyone new, I am not an annuity guy, I’ve never been paid for an annuity and most of the time they are very expensive. I would note that some of them are not crazy expensive and one thing I have said many other times before the people that I have known who have annuities seem to love them. Please click through to read the entire post. The other item is Walker Fire Related; Saturday night there was a serious rollover accident on Walker Rd. We were dispatched along with two other fire departments, two sheriffs deputies and the ambulance service, there were also countless other people there who were driving back into Walker. When we arrived the human patient was being tended to already. As I was sizing up the scene two teenage girls called me over, they were with an obviously injured dog and none of the other responders stopped to help. They said his back legs were broken and it was clear he had other trauma on his face and head...

A Yield Play Without Any Yield?

My latest for Alpha Baskets is titled A Yield Play Without Any Yield? and looks at the struggle of a very hot, yield oriented IPO. The big picture idea is chasing yield. The stock has a great story but appears to have not paid any dividends (checked four sources). From the post; Being an infrastructure product it was intended as a yield play that would distribute 90% of its cash flow. I was unable to find evidence that a dividend had been paid yet after looking at four different sources (Yahoo Finance, Google Finance, Nasdaq.com and Motley Fool). Please click through to read the entire post. From the Sundance Fire this past...

Weekly Market Update

The Weekly Market Update is posted at Alpha Baskets and includes the following; Of the decline in crude, Stephanie Pomboy of Macro Mavens was quoted in Barron’s as saying crude priced in the mid $70s is a net negative on the economy with the idea being that benefit lost to workers and companies in the patch more than offsets the cheaper price that Americans are paying at the pump. Please click through to read the entire...