Cheapo Groovo

Dangerous Drawdowns Way Overdue

A drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund. A drawdown is usually quoted as the percentage between the peak and the subsequent trough.

You can avoid the heartache and pain by doing the following:

1. Use stop loss orders
2. Avoid contango. So don't hold commodities exchange traded products (like  UNG, DBA) or volatility products (like VXX, UVXY)
3. If an exchanged traded product falls below $5 per share, expect a REVERSE SPLIT. If you hold any type of option position before the reverse split, your account cash balance is about to get royally fucked after the split.
4. Avoid leveraged funds.
5. Make sure you have an option level 2 trading account so you can buy puts and calls
6. Cash is a great position right now, especially physical cash which is in short supply

Selling covered calls on a silver miner $AXU #options #income $146

Since there are no LEAPS, I went with cash-secured puts. Silver should bust thru $40 this year.

Good to the last drop >> how to get that last drop #zerowaste #pennypincher

Penalty for NOT ENGAGING in #socialism #biden #healthcare

The late enrollment penalty is an amount that's permanently added to your Medicare drug coverage (Part D) premium. You may owe a late enrollment penalty if at any time after your Initial Enrollment Period is over, there's a period of 63 or more days in a row when you don't have Medicare drug coverage or other creditable prescription drug coverage . You’ll generally have to pay the penalty for as long as you have Medicare drug coverage.

Learn more here

Be a punch and judy TRADER #invesing #options $DHT $57

Mid-February will be my quarterly dividend. Earnings are released the first week of February. Looking for a $6 price over the next 6 months.

Food Preservation Techniques #video #zerowaste

Be a punch and judy TRADER #invesing #daytrade $OKE $85

Okefenokee? No its my $OKE trade

I will be buying more with any drops because I like the 9% dividend!

Coupon Moms and the penny-ante syndrome

I smashed all the hussie-pussie in my extreme couponing post. They end up with a pantry full of things they will never use. The simplest way to save while shopping is thru weekly sales flyers, store rewards cards, and looking for managers specials as you walk the store!

But now they are wasting their lives by spending time on sites that pay about $5 per month. I gave up on the SWAGBUCKS and INBOX DOLLARS a long time ago. Even the survey sites pay slave wages.

Starting 2021 with a small profit $PLG #preciousmetals

Your order to sell to open 2 contracts of PLG $5.00 Put 2021/1/15 has been filled for an average price of $80.00 per contract.
Your order to sell to open 1 contract of PLG $5.00 Put 2021/1/15 has been filled for an average price of $65.00 per contract.
Your order to sell to open 2 contracts of PLG $5.00 Put 2021/1/15 has been filled for an average price of $67.00 per contract.
Total = $359
Your limit order to buy 5 contracts of PLG $5.00 Put 1/15 executed at an average price of $65.00 for a total of $325.00 on January 4th, 2021 at 9:52 AM.
Total = $325

PROFIT = $34

How to Survive 2021 Market Crash

Looks like late January thru March is the critical period.

U can sell cash secured puts or buy calls on the spot VIX

Wall Street Cheatin Part Four >> Create Endless Buyers

I posted all the problems with requirement programs in my 401(Kaos) post. Download and read the eBook for all the reasons. Here are my takeaways

1) retirement plans give you few investment choices
2) those choices do not replicate market returns
3) the plans are not individually tailored
4) no financial education is provided in any meaningful way
5) plans are long only, no hedges for bearish markets
6) changes can be made only quarterly

Never the less, Wall St. got the politicians to pass legislation that totally favors them!

Regulations have permitted employers to automatically enroll employees in retirement plans since 1998. Now the Secure Act 2 would require 401(k), 403(b) and SIMPLE plans to automatically enroll employees once they are eligible to participate in the plan. The initial enrollment amount must be at least three percent. Each year thereafter the amount is increased by one percent until it reaches the 10 percent limit.

Wall Street Cheatin Part Three >> Silver Price Manipulation

 

Wall Street Cheatin Part Two >> Close the Natural Gas Fund

Ticker symbol GASL. Trading at $6.34 on its last day. Was hit by the COVID panic in March 2020. But the underlying index is still going and it has doubled off its lows.

Wall Street Cheatin Part One >> Close the OIL ETN

Deutsche Bank announced that it will redeem all outstanding PowerShares DB Crude Oil Double Long Exchange Traded Notes (NYSEArca: DXO). DXO attempts to double the monthly performance of the Deutsche Bank Liquid Commodity Index - Optimum Yield Oil Excess Return Index.

Faced with restrictions by commodity regulators, DXO's managers have been unable to obtain adequate exposure to crude oil for the note's normal operation. As a result, Deutsche Bank chose to redeem the notes.

Space >> The Frugal Frontier

 

 

Don't Let Profits Slip Away >> Take Some Off The Top

Even with this big monthly income producer, I am not going to let the big move up in oil slip away. I still hold 1875 shares.

Chug A Lug >> $CHEGG #options #income #college #education

I love this company and its CEO. It is the one stock I feel you can buy high, sell higher!!!

Selling 1 monthly put near the current stock price for income each and every month I can.

I cannot embed the latest CEO interview, so watch it here  chegg ceo

Healthy Alternatives to Soda Pop #cheap #substitues

If you like orange popscicles, you will love the taste of my original soda post. And remember this drink doesn't need extra sugar because of the sweetness from the heavy cream and the OJ.

I found another good one yesterday. Only 2 ingredients!!!

Cheapogroovo Theme Song. Enjoy the Joyful Noise!

Duck Tape Gets Her Done #hacks #tricks #fixit

Ease Life With These Amazing Hacks!

Usa a Virtual Credit Card for Online Shopping

A virtual credit card is a service that helps you keep financial information secure during internet shopping. Typically, you get a unique virtual number that’s different from the physical card number attached to your account. These virtual numbers are randomly generated and are disposable. This added layer of security can help reduce the chances of fraudulent activity with your account. The virtual number is essentially a disposable “dummy” number that is good only for limited use.

If you have a one-time purchase to make with a website, you can get a virtual credit card number for that single transaction. Your credit card company will generate a random 16-digit number for the transaction. The merchant will use it as though it’s your regular card number, and any card information that is stored by that site will be useless to potential predators down the line.

Some card issuers will let you set up virtual credit card numbers that work with just one online merchant. Capital One, for example, will create a unique card number for each merchant and let you lock and unlock that number for use. This could be a handy protection tool for storing card information with an online merchant where you shop often.

Next steps:

1. Open a Savor One account
2. Capital One offers virtual credit cards through Eno, which is its free virtual assistant service. By installing the Eno app on your devices and plugin on your internet browser, you’ll be able to create and manage virtual credit card numbers that are specific to different merchants.

Rethinking Bitcoin Based on NETWOK EFFECTS

Network effects allow BTC to be the winner take all in the cryptocurrency market place.

When describing the power of networks, many point to Metcalfe's Law, which states that the value of a network is equal to the square of its user base. As a result, adding new members to a network causes it to enjoy disproportionate gains in value.

Only about 1.3% of the world's population owns bitcoin.

Using Metcalfe’s Law, one bullish analyst suggests a $12,000 to $13,000 fundamental value to bitcoin.

Men, if you like short hair, then cut your own

Walmart charges just under $15 for a men's haircut, I got this kit for under $10

Easy Estate Planning

The need for a will is becoming less and less. And going thru the probate process may become a thing of the past. Here is what you need to check on:

Brokerage Account:  Transfer on Death (TOD)
A way of designating beneficiaries to receive your assets at the time of your death without having to go through probate. This designation also allows you to specify the percentage of assets each person or entity (your "TOD beneficiary") will receive. Your assets will then be automatically transferred to the designated beneficiaries upon your death.

Bank Account: Payable on Death (POD)
An arrangement between a bank or credit union and a client that designates beneficiaries to receive all the client's assets. The immediate transfer of assets is triggered by the death of the client.

Real Estate: Transfer on Death Deed
When the homeowner dies, title to the real estate passes to the beneficiary or beneficiaries, named in the Transfer-on-Death Deed, similar to how title passes in a Joint Tenancy Deed. This Deed avoids Capital Gains Taxes to be paid by the Beneficiaries at time of sale. Not all states allow them.
If you want to pass property to family members, look into a Quitclaim deed