income

Paypal: online powerhouse is stepping up in-store payments

by

Shares of Paypal’s parent company Ebay are up toward the end of todays session on the news that Paypal is expanding their in-store payment network to include 2,000 more stores.  A spokesman for the online payment service said that a trial run in 50 Home Depot locations is currently under way in the San Francisco area, with the goal of increasing Paypal’s future avenues for income.  While little profit is initially expected, it does provide some diversification to their income stream and challenges transaction companies like Visa and Mastercard on yet another front.   More info can be found via … Read more

Romney Pays Less In Tax Than His Secretary

by

Romney Pays Less In Tax Than His Secretary First Buffet, now Mitt Romney. Via Bloomberg: ROMNEY SAYS HIS EFFECTIVE TAX RATE CLOSER TO 15% ROMNEY SPEAKS TO REPORTERS IN FLORENCE, SOUTH CAROLINA ROMNEY SAYS MUCH OF HIS INCOME COMES FROM INVESTMENTS Next thing you know he too will offer all Republicans a one for one match on all US sovereign debt repayments, and will demand that all millionaires generously hand over their income. As for us, we quietly wonder whether the account clerks at Zurich banks are sweating already? via Romney Pays Less In Tax Than His Secretary | ZeroHedge.

How can you buy below the market? Try selling puts below the current price.

by

We’ve added this explanation on put writing from the Options Industry Council.  One of our favorite strategies is naked put selling.  We only do this on securities we would be willing to own.  When we can’t find anything to buy at prices we like ( for example the market has risen to new heights), we may sell puts on stocks we would be willing to buy if they fell back to a level we were comfortable with.  If we get put the stock, we are no worse off than had we bought it at that price.  If we don’t’ get … Read more