lonk

Jun 292014
 

I’d like to introduce a new term for an old tool: the extra-long position. It’s an option play that creates a synthetic long position. I’m sure the ideas behind this type of position is nothing new. Despite that, it doesn’t seem to be talked about very much on the popular finance sites or among financial gurus. Perhaps that’s because initiating an extra-long position would be dangerous to most amateur investors. Please proceed if 1) you are willing to increase risk and 2) are able to understand your profit and loss potential before trying this idea.

Why would you want to use an extra-long position? Continue reading »

 Posted by at 3:22 AM
Jun 292014
 

“You make your profit when you buy.”

Those are words of advice I’ve heard for a long time and from many sources. They mainly emphasize that you should always purchase an investment for as low a price as possible. Makes sense. I’m talking about it today because it also hints at something that most people don’t realize:

Investing is about spending money, not saving it. Continue reading »

 Posted by at 3:20 AM
Jun 292014
 

You’re special. Everybody is special. We all have that skill or ability than nobody else is capable of – unique, irreplaceable, irreplicable.

Has anybody ever thought about what that could actually mean?  It may be preventing people from putting effort into their dreams. Saying that somebody is special can be a cop-out, an excuse, a demotivator. Most people don’t realize it but their minds have crossed that way before. If Bill Gates was special, could I ever really be like him? If LeBron James has a special skill, could I every really do what he does? Einstein was already a math and science prodigy in his childhood, maybe math and science aren’t truly my calling (even though I enjoy them)?

Have you ever had those types of thoughts? In the movies it’s really important for the main characters to be special – unique, irreplaceable, irreplicable. As I live my life however, the world has proven time and again that it is not like the movies. If you’ve progressed in any skill set at all, you’ll realize that no matter what you do there is always somebody who is better and somebody who is worse. There will always be somebody who can do the same things as you. Continue reading »

 Posted by at 1:08 AM
Jun 292014
 

Work has been busy. You have so many projects to take care of and people keep stopping by to give you more work or take up your time with questions and small talk.

There is a project due today and yet two more somehow manage to land on your lap. Both are important, both are immediate, and both can only be done by you.

How can we fix this? Continue reading »

 Posted by at 1:00 AM