I've let the blog slide again. Goes without saying - compare the date of the previous post to this one.
I've had my head in other places. Actually, it's probably just that I got lazy/distracted. I haven't been doing anything I couldn't blog about, I just haven't bothered to blog. It's a shame that I've done so since A) this blog makes money and B) I'm paying for this blog to exist. Idle assets are not assets (especially when they become pure expenses).
A few things I plan to blog about in the near future (and in some cases, probably for years):
Forex - I've radically changed my personal approach to Forex. For a long time I kept trying to find a decent way of generating passive, interest-only income through Forex. Lately I've come to the conclusion that this is an investing approach in a market that is built for trading. I realize that the distinction is not perfectly applicable to Forex versus other things, such as stocks, but in my recent experience it fits well enough.
I've switched to short term, get-in-get-out trading. Based on discussions I've been having with "Robin Marks" of Awesomeosophy (he hasn't blogged in a long time, too - these discussions have been over Google Chat), I've settled on a weekly Net Asset Value (NAV) increase target of 2.5%. Why? Because Robin told me of a little bit of "what if" math he experimented with one day - start with $100, increase it by 2.5% per week, compounding all gains. At the end of eight years, you have roughly $2.9 million. Why eight years? Why that per-week target and that result? The results just work out to that after that period of time, but the weekly target is a manageable figure. It's just a benchmark by which you can say, "ok, I've done enough this week, time to quit while I'm ahead" - over-trading kills NAVs. As for the final balance, one would probably stop compounding gains long before then - when you have a $100,000 NAV and if you can pull down 2.5% per week, or $2500, would you keep compounding it all? Maybe, maybe not; each person has to answer that one on their own based on what it is they're trying to accomplish.
These past two weeks I've come in at 4.7% and 4.6% NAV increases. I'll get into how I'm doing this later.
Panama: It's a place I'm looking into as a possible future residence. Why? Several reasons. It's relatively easy to establish residency there, it's stable, and the Canal all but ensures that the world will not tolerate anyone messing with the place. Here at home, we're promised only more ruin as Obama (who isn't fit to carry my piss in a bucket) and his band of circus clowns collectively known as the U.S. Government (I'm sparing no political party here - you all suck) continue to wipe their butts with our Constitution and destroy freedom. I'm under no illusions that I can pull off a complete escape from these idiots, but to the extent that income earned overseas is not taxable, I can do so at least in part. Maybe our present suicide course can be corrected, and I will still participate through voting (I'm talking about establishing residency somewhere else, not switching citizenship), but I'd like to live somewhere warm anyway. Emperor Obama and the rest of the communists are in that regard just a piece of recent inspiration to follow that dream.
Pest control: I'm still in that, and I don't see myself getting into anything else. I like physically oriented work, which pest control certainly is, and it's hard to find an employer who will cut you loose to build up the business in the area you manage as much as you can with such a high degree of autonomy as mine does. Then there's also the job security - one of our sayings is "pests do not participate in recessions." People will cut down on dining out, movies, they'll trade down from top shelf brands to bottom shelf store brands, but they will not tolerate ants, spiders, wasps, rodents, etc. in their homes. We've continued to grow despite all that is going on.
And where else have you ever had a boss who ran out and got a bunch of Hawaiian shirts embroidered with your company logo for use on Fridays after you made a joke about having an Office Space style Hawaiian shirt day? (I kid you not.)
Enough for now. Amongst all this other stuff, one month ago I was elected President of the homeowners association in which I live, and our Board is meeting in about one hour to hammer out some new policy for the next year. So much to do, only so much time in the day.
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