Hobofinance.com

Case Study Entry 3
Can a Hobo go from 0 to financially independent in 6 months?
Plan your trade and trade your plan they always say. And that’s what I’m doing here for all to see. It’s not that I want to expose my personal finances but I have a problem with the pool of experts and [...]

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Ok, it’s about time for the second entry in what is to be an empirical Hobofinance case study testing the veracity of Hobofinance philosophy. It will last about 8 months or so, depending on the performance of the coffee market. We’re into the second week of August 2008 and the time is damn close if [...]

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As my old martial arts instructor used to say, “Everyone has a plan until they get punched in the face”. Trading is no different. Well, not true. Traders get punched in the face a lot more often than martial artists. And when they do they tend to hit back by throwing good money after bad, [...]

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The single greatest advantage the small investor (me and you) has over the large investor (hedge fund) is time. The large investor has more knowledge and more capital, but they need to make consistent gains, and therefore they need to keep busy buying and selling, hedging and covering. Over activity is what causes most mistakes. [...]

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Three reasons I trade commodities futures (options) instead of stocks:
1. There are far fewer commodities than stocks.
The simplicity of researching and finding a market with bullish price potential is much easier when you have to sort through only 20 commodities rather than 5,000 stocks. And to simplify further, commodities belong to groups where each member [...]

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Charles Ponzi, that most venerable of schemers, has shown us the way to generate investment capital without work. Ponzi, in the 1920’s went from rags to riches in a staggering 7 months by luring investors to invest in foreign postal coupons with a guaranteed return of 100% in 90 days. Naturally, these coupons did not [...]

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Below is the path to financial independence used by the rich, adapted here for the penniless hobo. The main difference in approach of these two classes lies in stages two and three detailed below. Generally speaking the rich need not minimize, they can comfortably sustain their lifestyles without the immediate concerns of food, shelter or [...]

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(In no particular order)
1. One Up On Wall Street : How To Use What You Already Know To Make Money In The Market
Peter Lynch is an investing legend, and this book is an excellent introduction into the world of stock investing. He clearly illustrates with humor and straight talk the ways in which individual investors [...]

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Leveraging OPT (other peoples time). Feminists should not read the below sober
I can’t remember if it was Aristotle or Leroy the pimp who so eloquently said, “why work when someone else is willing to pay you for the privilege?”—me
Despite your personal feelings toward prostitution, pimping is the quintessential business model. Pimps have an income stream [...]

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