Friday, January 22, 2010
Sleeping with the Enemy
Being a retired person who paints and writes for accolades, it occurred to me that I needed to earn some money if I want to do more travel in the future (before I'm too old to travel at all!) A friend of mine, Wendy Kirkland, wrote and published a book called "Option Trading in Your Spare Time, a Guide to Financial Independence for Women." I bought it in the spirit of supporting her endeavors; I read it because it sounded intriguing -- and perhaps might provide some avenues for me to earn money.
The book is exactly what I needed. It is simple language, and while very technical in some respects, it's laid out in a way that if you're interested, you can follow it. I no sooner finished it than I realized I was interested in the stock market for the first time in my life!~
One thing led to another, and after several books I joined a mentor program at OptionsXpress. com, where I trade. I am learning stock option trading (which I won't even bother to explain, but it's a LOT cheaper investment than buying/selling stocks!) There's a lot of levels of learning, as there are in any venture you can think of (poetry, painting, fiction, hair dressing, plumbing or sales). And so I am hooked, really enamored of the 'game' of it, and how to make it as risk free as possible and still make money. I'm trading "virtually" (in a fake account with fake money) while I earn, but earning I am. I can't wait to "graduate" to the real thing.
BUT--the purpose of this post. Sleeping with the Enemy. I find myself smack dab in the middle of books, TV shows, and political frenzies which mostly indicate to me that Republican Capitalism is GOD on Wall Street. I have heard insane and really crass things said. Like "if Brown wins the Senate seat in Massachusetts, it will be great for the market." (Jim Cramer). And similar statements after Obama went after the banks (outrage, defensiveness, attacks), and THEN the Supreme Court's decision to allow corporations to contribute political funds WITH NO LIMITATIONS to candidates will undoubtedly change our political climate forever. The bankers go on TV and manage to double talk their rotten acts. It's amazing to me. Health care? They could really care less. Health Insurance lobbies galore. I have to tell you it turns my stomach to listen to some of them. Cramer especially makes it clear (with no tact or morality) that MAKING MONEY is his only purpose. Screw the country.
And all the lousy Congressmen and Senators who have NO backbone are just as bad. We are in dire straits. I have met the enemy and it is us.
Yes, I'm going to trade options. But I'm buying "Puts" (betting on downturns) on all those corporations and "too big to fail" banks I hope that fail. Look out, I'm a witch~!
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The book is exactly what I needed. It is simple language, and while very technical in some respects, it's laid out in a way that if you're interested, you can follow it. I no sooner finished it than I realized I was interested in the stock market for the first time in my life!~
One thing led to another, and after several books I joined a mentor program at OptionsXpress. com, where I trade. I am learning stock option trading (which I won't even bother to explain, but it's a LOT cheaper investment than buying/selling stocks!) There's a lot of levels of learning, as there are in any venture you can think of (poetry, painting, fiction, hair dressing, plumbing or sales). And so I am hooked, really enamored of the 'game' of it, and how to make it as risk free as possible and still make money. I'm trading "virtually" (in a fake account with fake money) while I earn, but earning I am. I can't wait to "graduate" to the real thing.
BUT--the purpose of this post. Sleeping with the Enemy. I find myself smack dab in the middle of books, TV shows, and political frenzies which mostly indicate to me that Republican Capitalism is GOD on Wall Street. I have heard insane and really crass things said. Like "if Brown wins the Senate seat in Massachusetts, it will be great for the market." (Jim Cramer). And similar statements after Obama went after the banks (outrage, defensiveness, attacks), and THEN the Supreme Court's decision to allow corporations to contribute political funds WITH NO LIMITATIONS to candidates will undoubtedly change our political climate forever. The bankers go on TV and manage to double talk their rotten acts. It's amazing to me. Health care? They could really care less. Health Insurance lobbies galore. I have to tell you it turns my stomach to listen to some of them. Cramer especially makes it clear (with no tact or morality) that MAKING MONEY is his only purpose. Screw the country.
And all the lousy Congressmen and Senators who have NO backbone are just as bad. We are in dire straits. I have met the enemy and it is us.
Yes, I'm going to trade options. But I'm buying "Puts" (betting on downturns) on all those corporations and "too big to fail" banks I hope that fail. Look out, I'm a witch~!
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Of course I knew you had it all along, but I applaud your strength of character in the midst of all that money worship.
I do think we're in dire straights. We seem to have a state religion now, and it is money worship. So sad. But we also can't live without it, so everyone has to get their piece. I hope it works to your advantage so you can take more trips. :)
I do think we're in dire straights. We seem to have a state religion now, and it is money worship. So sad. But we also can't live without it, so everyone has to get their piece. I hope it works to your advantage so you can take more trips. :)
Hello, Bev! One thing I learned about stock market investments over the years (I actively manage my modest retirement savings) is the higher the potential earnings on an investment, the higher is the risk. (In their enthusiasm, advocates of specific strategies always gloss over these risks.) Options sound like fun but yikes, be careful!
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