LIVING OFF DIVIDENDS & PASSIVE INCOME

Even though I’m not a fan of private-equity firms (check out How Capitalism Really Works) and especially not Blackstone, I did however put some money into a private-equity ETF, the PowerShares Listed Private Equity Fund(PSP) and I also bought some stock in Sears Holdings(SHLD) today.

SHLD had a great day today, up nearly 6%. Technically, both of them look very strong (well atleast SHLD does!). I’ve had my eye on SHLD last week and I was looking for a good entry point. I was hoping to get it for around $165, but it didn’t quite make it there. Instead it shot up today and I managed to get in at $172.38. It closed at close to the highs of the day at $174.06.

If we see some quick moves in both of them I’ll take my money off the table. Lets see how it works out. My divestment from my Seabridge Gold(SA) options was premature. Its up 25% from my exit point which kind of sucks. Just enforces the idea of letting your winners ride and cutting your losers quickly, instead of the other way around.

• Closing Out JRCC In an earlier post on investing on news, I had sold puts on JRCC.Well JRCC was up sharply in the past few trading sessions. I closed out my position by buying back my naked puts and netted a 38% profit (sold the puts for 1.95 and bought them back for......
• Escaping The Rat Race Here's another inspiring story on getting out of the rat race.How I escaped the rat raceCarole Dobson as told to Duncan HoodFrom the May 2006 issue of MoneySense magazineI used to work full time at a stressful job making a six-figure salary. Then, about 10 years ago, I started planning......
• Profiting From Investment News I read an email today that mentioned China (who is already the planet’s largest coal consumer) claims it will need an extra 80 million tons by next January. India is also estimated to need an extra 120 million tons, and most other Asian countries are expected to increase demand by......

• Learning How to Make a Budget For many of us, spending comes all too easily and before long, we find ourselves at the bottom of a very big debt hole. However, there are ways that anyone can make a budget and start planning for their future. You may not even need to make drastic changes right......
• linklings, Rorschach edition I neglected my blog reading this week, so it's a more-sparse-than-usual roundup.  I was busy at work, hurriedly assembling memos and spreadsheets for urgent meetings which resulted in the formation of committees to consider creating memos about spreadsheets tracking meetings... you get the picture. Combine that with a big political......
• How to choose & open a checking and savings account If you've never had a checking or savings account before, the process of opening one might seem intimidating. But it's really just a matter of figuring out what you're likely to need, and then searching for banks or credit unions that will meet those needs. At a minimum, search for......

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