Philosophy, Investing, Video games, and other Tomfoolery
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Below are the 20 most recent journal entries recorded in
cd_vision's LiveJournal:
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| Friday, July 17th, 2009 | | 4:36 pm |
Bargains
Holy cow, GE and Kimco REIT have become phenomenal values this week. | | Thursday, July 16th, 2009 | | 7:12 am |
Annnnnnnd we're back
Bought some Pimco High Income fund today. Gotta start getting those dividends back. | | 3:16 am |
| | Monday, July 13th, 2009 | | 8:19 pm |
| | 7:13 am |
Finally!
It looks like I've reached the sweet spot in my cardio training. I've lost 10 lbs over the last week, in addition to being able to add weight to all of my weight bearing exercises. I'm especially pleased that I can do a heavier bench press now, I was stuck on the same weight for ages. I got a crazy massage last night. They got this place at the mall with some chinese reflexology dudes, and my wife had given me an hour long massage certificate for fathers day. I got there kind of late in the day, and since it was less than an hour from closing, I asked if I could just use it for a 45 minute massage or something. Instead, I got about 40 minutes of two guys working on me. Holy cow. That chinese massage is intense, almost to the point of painful in some spots, but it feels pretty good when you're all done. | | Saturday, July 11th, 2009 | | 10:50 am |
Dad can cook
I made a breakfast quiche this morning. I liked it a lot, but I might tinker with the recipe a bit. The original had me make a base out of 4 eggs and 2 cups of half and half. While tasty, that's a lot of fat content. I'll probably add another 2 eggs and replace one cup of half and half with half a cup of milk, see how that works. | | 10:11 am |
Ack. More selling.
There's going to be about a 6 week delay in my financial aid this semester, so I had to have cash ready to pay tuition, or risk losing my classes. Sold some bonds and Kinder Morgan Energy Partners. When I get the check I'll replace them, and then about $1300 more. I'm not really keen on the idea of using debt to finance stock purchases, but I'm pretty confident I can get a better return on the money than I would pay in interest. | | Friday, July 10th, 2009 | | 4:05 pm |
The Richest Man in Babylon
I just finished this book, I think it's just fantastic. Originally written as a set of pamphlets carrying stories written in the old style of the King James bible, it tells a story of the ancient city of Babylon, and how a few inhabitants were able to rise to great wealth. The pamphlets were distributed through insurance brokers, and became so popular they were eventually assembled into this book. The story is inspirational. It begins with how important it is to always pay yourself first, that is, spend less than you earn, then put that money to work for you earning more money. The value of hard work, to not take shortcuts, and invest safely, to manipulate luck into your own favor, and it talks about debt as slavery. I loved it, I think you should all read it. The original book was comiled around 1920, and I understand that the version I have is a revised edition written in more modern english. Sort of like the new world version of the bible I suppose. At any rate, it's a great parable, and everything still applies in these modern times. | | 9:16 am |
The market has dandruff
So I guess the people who use charts to guess price movements are concerned about a pattern that's developed in the S&P 500 over the last 3 months. they call it a head and shoulders pattern, and believe that the market is about to head downward. You can see it on this chart: http://finance.yahoo.com/q/ta?s=SPY&t=3m Since people will sell stocks believing this, the thing tends to become a self-fulfilling prophecy. There might be some good buying opportunities coming soon. I've got some charts people in my friends list, anyone care to comment on this? | | Thursday, July 9th, 2009 | | 8:55 am |
Ribbitt
Bought the afformentioned Disney stock today. Tripled the current holdings. Y'all make sure to go see "The Frog Princess", ok? | | 2:50 am |
Remote Play on PSP sounds tight
Ok, I just now found this out, but apparently, if you have a PSP and a PS3, you can control the PS3 remotely, and the system will stream video to the PSP. So it's just like having a portable PS3, you can even control it over the internet. I guess the technology is only supported by a few games, BlazBlue being especially interesting to me, but that's pretty darn cool technology. | | 2:17 am |
Hopping back into the market soon
It looks like prices are coming down again, which of course always gets me excited. Disney is looking especially attractive to me right now, and even better, I own a very small amount of it which is going to be great for cost averaging. The timing's alright too, a nice time between now and when they declare their dividends for the year. (Disney is a once a year dividend payer, usually in late December.) Who would have thought that the little oil price bubble we were having would pop just as I was buying options on it? Harvest Energy is now trading under $5, which makes the likelihood of my option expiring worthless very high. If I sold it now I'm down about 98% after the fees. Lesson learned, this kind of leverage is not for me. However, there may be some motivation for me to be on the selling side of options, that gets you some guaranteed income, and you sort of take the role of the house side of the casino that way. You know, on the plus side, Harvest's yield is approaching that magic 13% number I was talking about before. It's a shame I'm so heavily weighted in pipelines right now. | | Wednesday, July 8th, 2009 | | 7:37 am |
| | Monday, July 6th, 2009 | | 8:07 pm |
New book
I found a copy of "The Richest Man in Babylon" at the local used bookstore. I had been wanting to get one at full price so this was an unexpected pleasantness. ![[info]](http://l-stat.livejournal.com/img/userinfo.gif) radiata_prime has been recommending it so I thought I'd have a look. It's a short read, I'm about halfway through and I like it a lot. | | Monday, June 29th, 2009 | | 11:37 am |
Famous Amos
I'm really at a loss for how Amos become famous. These cookies are terrible. | | 1:05 am |
On Facebook now too
I can't keep up with all this nonsense. My email is cd_vision@hotmail.com, or try searching for Matthew Cory Waterman. | | Saturday, June 27th, 2009 | | 8:41 pm |
I'm certifiable now
I passed my exam for certified pharmacy tech today. So that's kinda cool, I'll get a raise and maybe some opportunities for promotion at work. Yay! | | Thursday, June 25th, 2009 | | 5:47 pm |
Rest in peace, Michael Jackson
The local radio station was playing his songs back to back when I got out of work. The good you do in life will outlive the evil. Nothing more needs to be said, except that I miss him a lot considering I never met him. | | Monday, June 22nd, 2009 | | 9:36 am |
OH SNAP
Commodity prices are all down today; Gold, Silver, Oil, everything. They're saying that oil and gas prices may have topped. Bad news for Harvest Energy and my option if it turns out to be true. | | 7:11 am |
Some unplanned selling today
We have a trip to San Diego coming up next week, and due to the combination of poor budgeting and some extra income we were expecting that doesn't seem to be coming, had to do some selling. I parted with Oshkosh Trucks, Gladstone Capital, and all of my junk bonds. All sold at a profit, but two of those were big income anchors and I never enjoy leaving anyone behind. I've got replacements in mind, depending on what happens with prices. The options on Harvest Energy are not doing well either. Bought at $115, now at $60. If it were actual stock I could cost average it, but no. If this doesn't work out I think I may be permanently opposed to using leverage in the future. |
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