I'm just a local business and finance nerd looking to help people get educated about small business, marketing, and personal finance! I write about anything and everything that I can tie into those themes. I'm also Central Florida's only Kilted Realtor, so I write about Real Estate too! Check out my About Me page to see the origins of Cash Flow Celt.
Conquering Your Financial Empire
I know I promised all of you an in-depth look at Hillary Clinton’s economic plan today. The same type of in-depth criticism that I gave Donald Trump in Part 1 (tax reform) and Part 2 (his overall economic plan). Fear not, you will get that critical analysis. However, for those two articles I wrote nearly 5,000 words and spent about 15 hours on research and writing. It was taxing. Plus, I don’t want to burn you all out by throwing another 5,000-word article at you. That’s a lot to expect of casual readers. Thus, I have decided to expedite one of the articles on the back burner – the August book review!
For August (okay, more like August and July), I read “Proven Option Spread Trading Strategies” by Billy Williams. I’ve been a stock trader for a long time, and I even traded on options a bit in college. However, while I’ve known about the different spreads, the only ones I’ve really ever traded was a covered call and the occasional bull call or bear put spreads. It may help to have some terminology explained right now. An option is a trade that gives you the right, but not the obligation, to buy or sell an underlying asset. A ‘call’ is when you buy and a ‘put’ is when you sell. A spread is the buying of two options on the same asset that have differing expiration dates (horizontal spread) or strike prices (vertical spread) or both (mixed spread).
Spreads are generally seen as a more consistent way to make money trading stocks because you’re minimizing risk and increasing the probability of a successful trade. However, as with any foray into trading securities, no trade is exempt from risk and you should not trade on money you’re not willing to lose. Continue reading
The July Book Review! Now in August! Yeah, yeah, I know I’m late; however, I was feeling a little under the weather towards the end of July. To make up for it, I’ll be reviewing a book that has become a standard-bearer for reading by new corporate recruits. Outliers: The Story of Success was written by Malcolm Gladwell and focuses on successful people. Pretty straightforward title, right?
Malcolm Gladwell has become a literary sensation. He’s currently an established writer with the New Yorker and has been since 1996. He’s written five different books: David and Goliath, What the Dog Saw, Outliers, Blink, and The Tipping Point. Personally, I’ve read Blink and, obviously, Outliers. So why is Gladwell a sensation? ALL FIVE of his books have made New York Times bestsellers! Pretty impressive considering his books all have a central theme: expanding on psychology and sociology case studies. So, without further ado. . . Continue reading
I’d like to try a new addition to the site in the form of a monthly (hopefully) book report! Keeping your skills fresh and dynamic is one of the most important tools for career development. Aside from that, reading is just a great way to learn new information in an entertaining format. Hopefully these monthly recommendations can prove to be useful for you and be beneficial for your career!
I first bought CFO Techniques because, at the time of purchase, I was in talks with a friend to go in together on a small business. I’ve always perceived myself as someone who could evolve into a CFO of a company and this would have been my first foray into that position. The talks eventually failed as they pursued other interests, but I was still left with a pretty cool book to read. So without further ado, the June book report! Continue reading