In case you missed it last week, I’ve decided that until further notice, Wednesday is going to be Whatever Wednesday on Thousandaire. I’ll ask for topics on my twitter and facebook on Tuesday nights and will write about what you want to read. If you want to tell me what to do, make sure to follow me and give me your suggestions.
This week I got two very different suggestions; one from twitter and one from facebook:
Let’s kick this off with the financial topic.
Gambling in the Stock Market
I do two different things in the stock market. Most of the time I invest. Sometimes I gamble.
I invest in my 401k and Roth IRA. I pick stocks, ETFs, and mutual funds that fit my investment strategies and objectives. Outside of the 401k and Roth IRA, I do a little more investing in additional companies. In all of these cases, I’m buying and holding investments that I believe have long term growth potential.
Sure, there is a “gamble” in the stock market, but I feel pretty confident that my portfolio will maintain value or grow over a long period of time.
But every now and then I really gamble in the stock market. I’m talking about buying call options.
These were explained in great detail earlier this year when I doubled my money in four months. Basically, a call option means you bet a stock will rise in price within a short period of time (between a few hours and about 2 years). With options, you can easily turn $1,000 into $2,000. You can also just as easily turn $1,000 into $0.
If you want to invest in the stock market, buy some ETFs. If you want to gamble in the stock market (only do this if you can afford to lose every penny of your investment), pick an individual stock that seems to be on sale, buy a call option, and get ready for a financial roller coaster ride!
Cheese Bread Cheese Bread Cheese
Patrick told me to make a grilled cheese sandwich with cheese all over the place. He wants it on the inside and the outside of the sandwich.
I’m a terrible cook, and you might think, “there’s no way he can mess this up…”
You’d be wrong. I burnt the ever-loving crap out of this sandwich.
Overall, it didn’t blow my mind, but it was alright. I will probably try again for the sake of having a non-burnt sandwich, but to be honest it just tasted like a regular grilled cheese to me.
Sorry Patrick. I’ll do better next time!
Join in on the FUN Next Week!!!
Remember: if you want to tell me what to do, just make sure to follow me on twitter and facebook and tell me next Tuesday! The more interesting the topic, the better!
Kevin McKee is an entrepreneur, IT guru, and personal finance leader. In addition to his writing, Kevin is the head of IT at Buildingstars, Co-Founder of Padmission, and organizer of Laravel STL. He is also the creator of www.contributetoopensource.com. When he’s not working, Kevin enjoys podcasting about movies and spending time with his wife and four children.
You know you’re a bad cook when you say “okay, it’s starting to smell bad so I think I’ll flip it.”
“I think it would be better not burnt.” That line gets funnier each time I watch this.
Next time: Cook on lower heat. Start with a light smear of butter in the pan.
I think I would do this without the cheese on the outside, then put a layer of cheese on the top side only and finish in a 325 degree oven for 5 minutes.
Now I’m really afraid what’s going to happen if he tries any of the recipes I so painstakingly wrote out . . . . 😉
I havent really looked into buying calls, but selling puts seems to be the way to go in this crazy market. Put big names like Intel, Coke, Mc Donalds, ect. If the market tanks and you get put the stock, then you get a good company at a good price. If it doesn’t tank, then you make money, safe money, then keep selling puts until you finally get put, After that, hold as you would if you were long on the stock in the first place. Easy money without the risk of calls.
I would do this without the cheese on the outside, then put a layer of cheese on the top side only and finish in a 325 degree oven for 5 minutes.Thanks a lot for sharing..
Kevin I am hungry now! but Yes, I am a better cook than you 🙂
I have never really tried the Cheese on the inside and outside.. but it surely looks interesting. Going to try it now!
Are you holding the cam? or is someone lucky enough to hold the cam lol
Awesome, sandwhich. I wish it would have came out better for you.
I think it’s the cheese that is the problem. Some of the “fresh” cheeses can be grilled directly in the skillet for short periods of time without burning and they are great. You can find fresh cheeses in a Greek, Mexican, or Amish market or a specialty deli. Look for Greek Basket cheese, Panela, Farmer’s cheese, or Queso Fresco.
Panela is my favorite & and is easy to find in a Mexican market. It is also the freshest since they make it onsite daily. Some Mexican stores will call Panela Queso Fresco, but they are actually two different types of cheese. Queso Fresco purchased in a shrink wrapped package at the grocery store will probably work but will not be the same texture because it is more aged.