Weekly Roundup - May 10, 2014
That's right I'm heading to the land of frugality and simple life: LAS VEGAS! Okay, maybe it's the land of excess, either way I'm excited. I wish my wife could be joining me but she wouldn't exactly be welcome on a bachelor party for one of my friends. It's going to be great getting to spend a few days in Vegas with some of my great friends. Actually I've known everyone that's going for over half of my life which is pretty amazing. We don't always keep in touch as often as we should but it's always fun when we get together. I expect to have a crazy weekend and most likely very little sleep. The last time we all went together I think I got all of about 6 hours of sleep the whole time we were there.
My portfolio was pretty quiet this week and I took the opportunity to deleverage a little bit. Back in late January I sold a put option on Phillip Morris and one a Coca-Cola. Well, with the markets becoming a bit more volatile and hopefully a pullback coming I decided to close out both of the options earlier this week. I'll get a post up early next week discussing all of the details but it turned out quite well for me and I was able to earn just over $700 in profit on these two options. This freed up all of the capital that was being held to cover the put option so I have more capital available now to make purchases if we do get that elusive pullback.
Thanks again to everyone that stopped by, commented, or shared any of my posts this past week. I truly appreciate it and it always amazes me that people are interested in my story and what I have to say. I can't thank you all enough.
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I normally like to give a little summary with the posts but I'm writing this early Thursday morning before I pack for Vegas. So time is of the essence since I need to get on the road in about 1.5 hours.
Now on to the links!
The Ugliest $1 Bill I Ever Spent by Retire Before Dad
Personal Dividend Objectives Versus Market Environment by Dividend Growth Investor
Passive Income Update - April 2014 by Roadmap2Retire
Waiting for the first fruits by Income Surfer
Dividend Income Update - April 2014 by Dividend Mantra
Improve Your Dividend Skills by Dividend Ladder
What's keeping you from chasing your dreams? on Frugal Rules
Monthly Update - April 2014 by All About Interest
How to load debit gift cards onto Bluebird at Walmart by FI Fighter
Drive Your Life Forward by Johnny Moneyseed
Berkshire Meeting: Warren Buffett and Charlie Munger Speak by 1500 Days to Freedom
I hope you all have a great weekend!
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