On this initial post of “Mike’s Stock Picks” I am posting and expanding on two stock picks I posted earlier today on Facebook: iQIYI and AbbVie.
On March 12, 2015, I purchased some stock in Tesla (Nasdaq:TSLA). As of the time I write this post, this stock has increased in value 29.91%, a great return for just over 2-months of ownership.
On November 12, 2014, I purchased some shares in the mutual fund Silver Trust (NYSEARCX: SLV). As of the time I write this post, the fund has increased in value 9.01%, which is a pretty decent return over the last 7-months. Continue reading
My wife and I created a new budget form last night. It’s a “declining budget” were you put the amount available for the particular category and as you add items you spent, it automatically deducts from the available amount. You can download it here Mike's Declining Budget Template (1796 downloads) .
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Note: I will be starting college again March 1st. I will be attending Western Governors University. I originally wrote this for a scholarship from Yakezie.com to help pay for college. but was about 3 hours late turning it in. I think I did a pretty good job so I figured I’d post it here.
I believe that if I would to win a $20 million dollar lottery, while portions of my life would change, overall, my life wouldn’t change very much. Upon winning the lottery, I would immediately call my dear sweet wife. She is a stay at home mom to our three beautiful children. My wife and I would go out to dinner so we could discuss our financial plan. The next day, I would write a check and pay off the mortgage. I would also write a check to my Church for 10% of the winnings. Of course, the government would also take 30-40% in taxes. This would leave me with about $10 million dollars. I would take the money and divide it up into various bank accounts so that no one bank was above the FDIC coverage limit (I have had several banks that I have dealt with fail). I would tell my family, but I don’t think I would tell many, if any, other people. There just isn’t a smart reason to tell non-family members. They would either think I’m bragging, or want to borrow money from me. I do think I would take a weeks’ vacation from work and go on a nice trip with my family. When we got back (or perhaps before we go), I would setup trust accounts for each of my 3 children for college, fully funding, with some extra, their anticipated college expenses. I would then purchase some real estate and rent out the properties, to help bring long term income into my family. I would talk to my parents and my wife’s parents about paying off their home mortgages, thus bringing some financial peace to them. I would keep $5 million dollars in good growth mutual funds to allow this money to keep growing. By having this money grow at 6%-10% annually, I would bring in at least $300,000.00 annually that we can live on without touching the remaining $5 million.
Its a happy, yet sad day, at the Cox household. I opened a computer service business named Las Vegas Geeks in February 2003. In February of this year, I sold this business to a friend, but was allow to continue using the name until the sale was completed. This sale was completed a few days ago.
I wasn’t married until 2004 and didn’t have my 1st kid until 2006. So, while the Wife and I believe selling the business was the right course of action, it is still a little sad. We had actually considered selling it a few years earlier, but didn’t. Since a friend has purchased it, we thought it was a little bit easier to sell. I want to personally wish Kerrigan Enterprises, LLC doing business as Las Vegas Geeks a good future and continued growth! I know she’s your baby now… but she was my baby first, so treat her right!
It Is Going To Be A Rocky Road
by Chuck Baldwin
September 22, 2009
Let’s face it: most Americans live in a world of false security. This is somewhat understandable, given the fact that the majority of the U.S. population was born after 1945. Few remember the dangers and hardships of World War II; fewer still remember the Great Depression. Few Americans know what it’s like to not have some sort of “supercenter” nearby with shelves stocked with every kind of food imaginable, twenty-four hours a day. Few know what life was like before there were restaurants of all sizes and types on virtually every street corner in America. And only a handful remembers when most roads were unpaved, or when sports were truly a pastime and not a megabuck obsession.
This is a high quality version of the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009.
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.