Welcome to Financial Figuring

Welcome to FinancialFiguring.com. I hope you will find some answers to qustions you may have regarding all things financial, whether that is investing, insurance, just saving money or anything in between.



Take a look around – you’ll find catagories on Insurance, Investing, Book Reviews, Brokers, Charting, Technical Analysis (no it is not voodoo) and even Fundamental analysis. More are being added every week so please bookmark this site and check back often (or update your RSS feeds).



Recently I’ve been trying to save some money on bank fees and am shopping around for a better (cheaper) institution and will post what I find out. Here it is.

I have several investing goals for 2010 including (see below for 2011):

  1. Earn $500/week from my investments. This includes both my RRSP and my TFSA.
  2. Strict adherence to my stop loss strategy (last year I hung on to far too many losers for sentemental or emotional reasons. Gotta cut that out).
  3. Save money by buying a home gym. Also very very important (although not strictly financial in nature) is to actually USE the equipment on a consistant basis.
  4. Learn how to use option strategies, both calls and puts.
  5. Get good at reading charts. This is an art not a science – there are some rules but after that practice makes perfect (if such a thing as art can ever be perfect).
  6. Plan my trades and trade my plan!

Also since I am a rookie when it comes to blogging you will notice some strange things going on now and then with the blog. All the weird stuff is probably due to me trying something out. Don’t worry I’ll get it fixed eventually. I have some great help from WordPress and also InMotion Hosting. See their link below for great deals on hosting.

VPS Hosting by InMotion Hosting

UPDATE for 2011

  • 2010 was a pretty good year for investing, but as always there is room for improvement.
  • I did buy the home gym and I do use it. I also joined a Taekwondo club and absolutely love it. I attend classes regularly and have earned my Yellow belt – but now use my home gym less and less. 2011 must be better in this department.
  • I did NOT average $500 per week in 2010 (it was less) and this remains my goal for this year.
  • I AM learning how to read charts and gaining a real world education in this respect.
  • I am now very comfortable buying and selling options (both calls and puts) on straight plays to take advantage of expected market moves. I almost always get the direction correct, but need to work on timing still. Also wish to employ more straddles and strangles.

    Hang in there, 2011 is going to be another learning year (aren’t they all?), but so far we are just about on track for our investing goals.

    Your Name (required)

    Your Email (required)

    Subject

    Your Message