MMM-029: Financial Independence Day
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The Declaration of Independence
Proudly sponsored by Index Funds Advisors. Take the short form of the Risk Capacity Survey.
When is the best time to buy or sell stocks?
Active trading is fun, fun, fun.
Declare independence because taxes were imposed upon us without our consent?
Have you ever added up a list of all the things you pay taxes on?
If you want less of something, tax it. Good thing trading stocks is taxed?
How do we reconcile the notions that stocks are like gambling and stocks are not like gambling?
A Google search on Financial Independence yielded two notions: becoming debt free and becoming free from The Man. Get a lot of money, then you can do what you love.
The Number by Lee Eisenberg is discussed.
The Rule of 25 is the Financial Independence Rule!
Ten Tips for Financial Independence and the Good Life.
Celebrate Financial Independence Day by Elaine Chao
Planning Financial Independence from Cruisenews.net
Mad Money Review looks at Jim’s Recap of his show from November 17th. Get Shorty. Wall Street Journal had an article about how some heavily shorted stocks may have upside before the end of the year. Cramer’s take. LEND, OVTI, RRGB, Calpine (formerly CPN), MSO, WGO, BZH, and EXP.
Portfolio Smackdown results for the first half of 2006.
BOOK GIVEAWAY! I’m giving away another copy of Index Funds: The 12-Step Program for Active Investors. Make sure you are registered then add a comment to this show notes that includes the keyword given in the show.
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Visit our sponsor: Index Funds Advisors
Download the show directly MMM-029.mp3
Music from music.podshow.com:
Stars and Stripes Forever – John Philips Sousa
Independence Day – Life Has Teeth
Save Your Money – Lee Maddeford
I Don’t Need You – Dusty Hughes
Freedom – GILES
A Freedom Cry – Scaterd Few
Listen to show #29! Would you nominate the Mad Money Machine for best business podcast at PodcastAwards.com?
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index
INDEX !
Nice set of tools. Like the show.
Index! Paul,
Thanks for the latest show. I voted for you.
Index funds are the way to go indeed! Still lovin the show.
Index Paul, Index
Nominated you on the podcast awards.
Cool show, I like how you have background music on while you talk
…” the best things in life are free”… Index !
All action is of the mind and the mirror of the mind is the face, its INDEX the eyes.
– Cicero
Index, therefore I am.
Haiku:
The subtle index
Yields amazing retuns
With almost no work.
I have not ever asked to be taxed either so I think I will declare my financial independence from taxation as well.
Freedom! (Nice pick with the Richie Havens cover, by the way)
Maybe while I’m at it I should get an INDEX fund!
Definition of INDEX
in·dex (Än’dÄ•ks’)
n., pl. -dex·es or -di·ces (-dÄ-sÄ“z’).
Something that serves to guide, point out, or otherwise facilitate reference, especially:
An alphabetized list of names, places, and subjects treated in a printed work, giving the page or pages on which each item is mentioned.
A thumb index.
A table, file, or catalog.
Computer Science. A list of keywords associated with a record or document, used especially as an aid in searching for information.
Something that reveals or indicates; a sign: “Her face . . . was a fair index to her disposition†(Samuel Butler).
A character ([hand pointing right]) used in printing to call attention to a particular paragraph or section. Also called fist, hand.
An indicator or pointer, as on a scientific instrument.
Mathematics. A number or symbol, often written as a subscript or superscript to a mathematical expression, that indicates an operation to be performed, an ordering relation, or a use of the associated expression.
A number derived from a formula, used to characterize a set of data.
A number that represents the change in price or value of an aggregate of goods, services, wages, or other measurable quantity in comparison with a reference number for a previous period of time.
Index Roman Catholic Church. A list formerly published by Church authority, restricting or forbidding the reading of certain books.
Index smacks down active.
Great podcast !
Howdey Paul,
Hope that you had a great 4th of July with your family. You keep talking about that Index Funds book and I will sooner or later get around to reading it. 🙂 I am nominating your podcast everyday, just wish that they would not have the 24 hours bit but a once per day. I have had to keep a log to keep up the the time that I do the voting. 🙁
Really enjoy the podcast.
Index. Does anyone know what the very first index fund was and when it was created. It’s not what you think.
Great show as always Paul.
Index. Just listened to the show. Nice music!
give me that there prize.