Archive | November, 2010

Speculative Stock Options

28. November 2010

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Hi everyone, James back again. The last few posts dealt with using stock options for defensive purposes. This mean that you used them in order to protect your portfolio against potential loss — not to make additional money by trading options. The other use for stock options is termed to be “speculative” — meaning that […]

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Protecting Your Portfolio With Covered Calls

25. November 2010

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I last discussed protecting your stock portfolio with married puts, and now we’ll explore protection via covered calls. Covered calls are when you sell a call option against a stock you own. This defensive move is not as secure as a married put, but instead of paying for the put — you make money on […]

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Protect Yourself With Put Options

22. November 2010

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Hi NeedMoneyers, In previous posts, I’ve discussed protecting yourself against inflation, identity theft and against the ramifications of not having a sufficient emergency fund. Now, I’d like to discuss ways to protect your stock portfolio against market declines. For those of you who have long time horizons for your stock holdings, protecting your portfolio becomes […]

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Two Ways To Protect Yourself From Inflation

19. November 2010

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Two Ways To Protect Yourself From Inflation

Hi NeedMoney fans, I’ve recently discussed ways to protect yourself from mortgage modification scams and from identity thieves. Now, I’d like to convey some advice relating to how to protect yourself against a more insidious enemy — inflation. Should inflation rise, the actual value of the majority of your investments — especially fixed income — […]

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Have An Emergency Fund

16. November 2010

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Hello NeedMoney readers, I’d like to share a bit of advice which I wished I would have followed many years ago. Many of us — especially during these difficult economic times — are living paycheck to paycheck. I was once there myself. The problem with this is that if an unexpected emergency should arise — […]

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Beware Of Mortgage Scams

13. November 2010

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I want to follow up on my previous ruminations about mortgage modification and assistance. Unfortunately, a plethora of bad actors have popped up within the mortgage modification arena seeking to prey upon the desperation of borrowers facing foreclosure. Many of these scams will promise you the Moon — and deliver you nothing. First and foremost, […]

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Your Mortgage — When To Walk Away

10. November 2010

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Your Mortgage — When To Walk Away

I’ve previously discussed here at NeedMoney details surrounding the HAMP (Home Affordable Modification Program). This program can provide much needed relief for homeowners who are facing foreclosure. However, this begs the underlying question of whether saving your home is truly in your best interest. Many homeowners today have mortgage balances which greatly exceed the current […]

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The HAMP — What Will It Do For You?

7. November 2010

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Continuing my series of posts relating to the HAMP (Home Affordable Modification Program), I will now endeavor to clearly explain what exactly this program can do for you. Much of the literature put out by lenders in relation to this program is highly convoluted, and many struggling homeowners are unable to procure the help they […]

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The HAMP — Who Qualifies?

4. November 2010

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Hi NeedMoney readers, I want to follow up on my last post about the HAMP (Home Affordable Modification Program). Hopefully these posts don’t apply to many of you in that you have been able to remain current on your mortgage. However, the odds unfortunately are that quite a few of you are either facing foreclosure […]

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Get your finances sorted in 7 easy steps

1. November 2010

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Get your finances sorted in 7 easy steps

“I love you but it’s not my job to fix your finances.” -Charlotte, Sex and the City Charlotte says what a lot of people think. You know your finances aren’t just going to fix themselves, and it’s a rare friend or relative who’ll make the effort to sort out your financial mess for you. Thankfully […]

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Home Affordable Mortgage Program – The Basics

1. November 2010

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Unfortunately, there are now millions of Americans at risk of losing their homes. Borrowers today are becoming delinquent for a number of different reasons. Maybe you are a victim of the wave of unscrupulous loans written between 2001 and 2006. Many of these loans were designed to fail, and the rate resets proved impossible to […]

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