Archive for the ‘Finance’ Category

Greenspan

Thursday, October 23rd, 2008

Today Alan Greenspan stated, “Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity (myself especially) are in a state of shocked disbelief.”

He’s shocked? That’s surprising. He, himself, wrote about the result of government intervention in the economy, in Capitalism: The Unknown Ideal. Maybe he should pick up a copy and try and understand his role in the destruction.

AAPL & GOOG

Friday, December 9th, 2005

man am I glad I bought some Apple stock earlier this year. Google too.

Sorry nothing useful, just bragging I guess :)

Social Security Opt Out

Tuesday, September 20th, 2005

For years I have joked, that if only I could have the money that was collected on my behalf for Social Security and Medicare, I would be wealthy. Today I happened across IRS form 4029. Which states:

Form 4029 is used by members of recognized religious groups to apply for exemption from social security and Medicare taxes.

Well that is very interesting. Although there are a few requirements, if you ever received payment you are not eligible to abstain. You have to be a member of a recognized religion that holds certain beliefs and conforms to some criteria:

  • It is conscientiously opposed to accepting benefits of any private or public insurance that makes payments in the event of death, disability, old age, or retirement; makes payments for the cost of medical care; or provides services for medical care (including social security and Medicare benefits).
  • It has provided a reasonable level of living for its dependent members.
  • It has existed continuously since December 31, 1950.

The bad news is twofold, all that money you have already paid in, is forfeit. And you kind of get the shaft with your salary, as it is your employer matches all your contributions to Social Security/Medicare, there is nothing that says they have to pay you that money now, but maybe that is a fine tradeoff for you, if you can stop shunting 7.65% of your salary off to some giant account that you may never hear from again.

Also I have no idea what particular religion or religions are referenced by those requirements. And I also don’t know what happens if the Feds find out that you have life insurance, yet have filed this claim. Probably nothing unless someone files form 765890-A to preclude your right to file form 4029. ;)

I can’t see myself doing this, mainly because it seems a little screwy to join a religion just to get an extra 7.65% – (income tax) out of your pay check. Especially if this religion believes in ritual sacrifice.

Unexpected Bills

Monday, September 19th, 2005

There is nothing that makes me feel worse than unexpected bills. And I am not talking about jerks named William, or the Buffalo variety. I got jackasses crawling out of the woodwork to charge me for crap that happened many months ago. The IRS is trying to wing me for a nice chunk of change they claim that I didn’t claim correctly. And now apparently Aetna wanted to pay half for home phototherapy to treat Allison’s jaundice. Seriously that had to be quite cheaper than her being at the hospital for 3 days to get the same treatment. Would they have half-assed me on that too? And since all of this happened in December, and Aetna decided not to pay in January, how come I don’t hear about it until September.

Good Grief.

Buy my books

Thursday, September 1st, 2005

So I have been selling a bunch of my old books and some other stuff lately, all proceeds go to pay for me going to Mexico with my family next June to attend my Brother-in-law’s wedding. But I figure I have a few people who read my stuff this, so I might as well see if anyone is interested. If you want to buy it through ebay or amazon go right ahead, but if you want to just buy it from me directly I’m hapy to offer a discount. If you want to pay via PayPal, you can take 10% off the price listed, just make sure to tell me first, so I can de-list it from th other site. If you want to pay me directly, cash or whatever (as long as I know you), take a full 15% off, since I don’t have to pay the commission. And of course I’ll charge you exact cost for the shipping instead of the flat rate, or you can pick it up.

If you want to buy my books check it out:

Generally pretty slim pickings. But maybe there is something that tickles your fancy. Let me know.

Geeky Bookworm Frugality

Monday, August 29th, 2005

If you can’t resist the urge to buy shiny new O’Reilly books every time you are within 1 mile of a Barnes & Noble or a Borders, and you are often restraining yourself from purchasing a bunch of new books on amazon (then click on the amazon link and buy lots of stuff so I can get referral fees and feed my own demons!) Okay, that’s not really the point although I wouldn’t mind a few extra bucks toward my Mexico fund. The point is, I have the same problem, I always want to get new books, often the technologies will help me with my work. And the biggest part of the problem is these books are always between 30 and 60 dollars each.

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making the money work

Wednesday, August 24th, 2005

Tom found $20 and is thinking of investing it.

That reminds me of the $5000 challenge. Some dude is trying to turn an initial investment of $20 into $5000 in 6 months. I think he is a bit behind, but he has made about $500 in around 2 months now (I think he only has 300 liquid but the rest is working for him in inventory) Here’s his blog: $5000 challenge

Anyway I am trying to do something similar but my goals are a lot less aggressive, $2500 by May 1, 2006, from nothing I will miss, so I can go to Mexico for my brother-in-law’s wedding.

I haven’t been able to get much yet, I listed a bunch of stuff on half.com and amazon.com, but haven’t gotten any hits yet, and I have some plans to sell some stuff on ebay to get the process going. I am going to take an initial $20 which is my cash back bonus from my Discover card and apply that to the fund.

This also reminds me of some story from 1st grade about some eels that were given a pearl by their teacher for a summer project. Some of the more industrious eel’s invested theirs and created underwater lemonade stands or casino’s or some other glamorous cartoony venture. One eel buried his in the sand somewhere, and then dug it up for the next year, and not only was he the only jerk who didn’t make a ton of dough, he probably failed the project too. I think it was based on some biblical parable, but I can’t remember what one.

Here’s hoping some hidden marketable talent emerges from no-where so I don’ t have to be the dumb eel.

Update: I found the parable. Mathew 25:14-30

Economy Boost

Thursday, March 25th, 2004

And if you didn’t notice in my previous post, I am doing my part to help the economy, to go along with the new desk I will need, I just got new rugs in the bedrooms. Living room is on backorder to be installed next week.

All this goes along with Michelle’s new alternator, battery and Fan belts.

Anyone who wants me to continue to help the economy can feel free to aid in funding this spending spree via PayPal.

Iraqi Freedom?

Tuesday, March 23rd, 2004

Well it seems we are running out of justification for the war (undeclared but allowed by those wusses in congress) against Iraq.

Here is a quick recap. 1. Saddam Hussein has weapons of Mass Destruction, he may even have or be currently obtaining nuclear weapons. 2. Saddam Hussein and Iraq have ties to the Al Queda terrorist network. 3. The Iraqi people are oppressed by an evil dictator led regime.

Okay so far we have basically established that 1 and 2 were flat out lies made up by the current administration and George W. Bush. And if there isn’t undisputible proof that they are lies, there certainly is no information that proves that they are not lies. At best they are gross overstatements, used to manipulate the polls and the citizens to support an unjustified war.

So the propaganda machine has been pushing the third point for a while now, pounding their chests about how they have liberated the Iraqi people and provided them freedom. However, there was a quite a price to be paid, first there are estimates that there were about 10,000 civilian deaths in Iraq, more than three times the human destruction that occured on September 11th, 2001. (source: Iraq Body Count).

And now it seems while there has been a vaccum established in the power structure, of the Iraqi government, and we all know how nature abhors such things. So it seems the religious groups in Iraq our currently seizing power. The Shia and Sunni among others are clamoring to assume the power and have now filled in the missing opression. So if our real goal was to “free” the people of Iraq, we aren’t doing so well. You can listen to the story from NPR’s Morning Edition from March 23, 2004, if you want to hear a report regarding the opressive religious forces that are seizing power in Iraq.

I would be much more respectful of the leadership if they would stop lying about everything. The only feasible reason for the war, and the only successful part of the operation is the ensured continued flow of the Oil that is in Iraq.

Those of you who really, really want to vote for George Bush again in November, please take five minutes and research some of his claims, and what great good he is going to provide for our nation. Does a man who is fully controlled by the big energy corporations really serve the greater good?

Buyer Agent

Tuesday, August 5th, 2003

Gonna Check out Peter Kullberg, today. To see if he can help me find a house to buy. I don’t know how anyone can pick a realtor without a personal referral, there are millions of these guys. Hopefully, this guy proves to be worthwhile.