Meager Income

Pay Off Debt, Retire Comfortably on Meager Income, Win the Lottery, Not Necessarily in that Order

R.E.M. Calling it Quits After 31 Years

I’ve was a big fan of R.E.M. for many years.  I’m a bit saddened that they are calling it quits.  My favorite albums are probably “Green”, “Automatic for the People” and “Out of Time.”  I stopped listening to their new music after the release of their album titled “Monster.”  They released numerous hits over the […]

Microsoft Increases Dividend by 25%!

Dividend seeking investors may want to take another look at Microsoft Corp. The stock price has been stuck in a narrow trading range for several years now. However, in an effort to boost the stock price, the board of directors has just announced their decision to increase the quarterly dividend to 20 cents a share. […]

Congressman Fleming Emulating Latrell Sprewell

I follow basketball more than the average person.  Sadly, I think most people who have heard of Latrell Sprewell will only remember him because of the following statement he made in the midst of contract negotiations: “I told you I needed to feed my family,” Sprewell said at a press conference yesterday. “They offered me […]

40 Million in 16 Months

I did not tune in to see the fight last night between “Money” Floyd Mayweather Jr. and Victor Ortiz.  I did see a summary of the results though.  Mayweather is expected to make at least $40 million on this fight.  At age 34, he is still unbeaten.  Yesterday’s k.o. was a little dubious though.  He […]

UBS Trader Loses $2.3 Billion

Trading is risky, sometimes you lose, sometimes you win and in some cases you end up in jail.  Like, Jerome Kerviel who was sentenced to 3 years in prison and asked to repay the $6.8 billion loss, Kweku Adoboli was also arrested for trading losses.  UBS reported that the fraud has taken place for the […]

Using Dividends to Pay Down Debt

I really enjoy receiving Dividends!  Every month, as I send my dividends to creditors to pay off my debt, I’m reminded of the following dilemma: Is it better to pay down debt or invest the money and hope for a better return? According to wikinvest, my portfolio is averaging 3.6% return in dividends alone.  After […]

What Can You Buy For $5,252,722?

$5,252,722 is a huge amount of money.  I dream of having half that and being able to retire comfortably, someday, maybe…  But, if you are Ted Weschler and you run a successful hedge fund (and take advantage of “carried interest”, presumably ), you use the money to bid and win two steak dinners with Warren […]

10 Year Anniversary of 9/11

This week has been non-stop coverage of the September 11, 2001 event.  It almost felt like we were reliving it.  I had forgotten how easy it was for Congress to get along back then.  They quickly created the September 11th Compensation Victims Fund and properly funded it with $7 billion.  I had forgotten how well […]

Proposal to Refinance Loans for Millions

President Obama is scheduled to give a speech tomorrow to Congress.  Originally, it had been set for today but Boehner felt it might impede with the previously scheduled Republican Presidential debate.  I guess this is part of the insidious Republican plan to do as little as possible for the millions of people unemployed until Obama […]

Yahoo! Fires Carol Bartz!

I’m not sure what the big deal is about Carol Bartz getting fired.  The fact that she was caught by surprise seems to me to indicate that she was out of touch and deserved it. I just hope she doesn’t try to run for political office like Carly Fiorina and Meg Whitman.   Was she […]

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