I’ve been working on some code that isn’t particularly blogworthy yet. Also, a lot of other things. This site is still here in case the urge to write comes back. The fees are paid, might as well let it roll.
Ping!
March 25th, 2010CDs vs. GLD vs. gold
September 17th, 2009So, you’re thinking of abandoning green for gold, eh? As usual,
there are trade-offs. As they say in computing, “Faster, better, cheaper. Pick any two”.
| Interest rate |
| CD very low single digits. |
| GLD None, unless you write call options. If you write options you can earn double-digit interest. |
| gold NONE, unless you were to sell “naked” call options. That is an advanced investing technique, and might require you to sell your gold or otherwise raise cash to cover the trade if it didn’t go your way. |
| Capital gains |
| CD Not possible |
| GLD Possibly, but you forfeit some of them if you write call options against your position. |
| gold Possibly, but you must sell to a physical dealer and pay commissions. |
| Capital loss |
| CD NONE (protected up to FDIC insurance limit) |
| GLD Possibly. |
| gold Possibly. |
| Exchange rate insurance |
| CD NONE |
| GLD put options and stop-loss orders. Stop-loss orders have zero cost, if you have accumulated profit; but may fail if the market moves suddenly down. Puts will not fail in sudden moves, but you pay a premium. |
| gold You may buy GLD puts to insure your physical gold against exchange-rate fluctuations. Even fairly inexperienced investors may buy puts; but since your gold is not in the account you won’t be able to write calls to offset the cost, unless you write “naked” calls which is risky. |
| Institutional failure insurance. |
| CD FDIC, currently up to $250,000 |
| GLD SIPC insures against a failure of your broker up to $500,000. OCC insures against counterparty risk on options. Put options insure against a failure of the fund itself, ie, the puts and OCC insure against both fund failure and exchange-rate fluctuations. |
| gold There is no institution involved once you buy, hence no need. |
| Theft insurance |
| CD FDIC, currently up to $250,000. |
| GLD Bullion vaults are heavily guarded, and even if they could get the bullion it’d be a challenge to fence. Nevertheless you can’t discount this possibility; but puts protect you against this also. |
| gold You must purchase theft insurance privately, or you are exposed to a potential 100 percent loss. |
| Nominal carrying cost |
| CDs Bank or credit union fees, usually you can find an institution with none. |
| GLD 0.4% fund expense ratio |
| gold NONE |
| Comissions |
| CD NONE |
| GLD Less than $10/order for the order sizes placed by most investors. $7-10/order + 0.75-$1.50/contract for options depending on your broker. Each contract controlls 100 shares. |
| gold As of this writing, you can expect to pay 4% or more commission from a coin dealer. Purchasing larger ammounts such as kilo bars may reduce this, but they are more difficult to sell. (Concerns about the liquidity of kilo bars fall into the category of “good problems to have”) |
Soaked
August 2nd, 2009I took a long walk on the beach today.
I walked from Mirimar to the Ritz. If you know Half Moon Bay, you know that’s a long walk.
On the way to the Ritz, as I passed by the campground, a young man stopped me.
He said he liked my hair. He asked how long it took to grow.
That happens all the time when you have long hair.
On the way back from the Ritz, there was this guy fishing and he recognized me.
He turned out to be the EMT who took care of a friend during a medical emergency.
We chatted a bit.
As I passed by the campground on the way back, the same young man stopped me.
He said I looked like Jesus. You get that all the time too.
Then, he asked me if I knew Jesus.
Had he known the totality of my life, he would have known what a silly question it was.
A dump of my entire life story not being practical, I replied.
“Yeah, I’ve been through that”.
He asked where I was from, and I answered.
He told me he was from Turlock.
I said politely, but in a tone sufficient to get the message across:
“If you’re selling, I’m not buying”.
The Ocean decided to throw a wave at us.
Ordinarily, I run forward and turn towards the beach when this happens.
Young Evangelical dude was blocking me. I ended up grabbing him and helping him run away too.
That slowed me down too much though, and I got soaked almost up to my waist.
Young man must have realized this was not productive, apologized and left.
My pants were soaked with water and sand.
This would have been far more annoying, except I had spare jeans in the car.
I don’t usually carry a spare. I had been meaning to bring them in the house.
God must have been smiling on me, to make me forget to take them in the house.
So.
This is how it is.
Evangelical Christians mean well; but they usually just end up soaking us.
God makes waves, EMTs and dry pants.
Investing Rule No. 2: Don’t Complain About Bad Deals. Instead…
August 1st, 2009This rule is actually a bit more complicated than some of the others.
First, I need to define what I mean by “bad deals”. I’ll start with myself. You need to know that I’m quite conservative. I save money. I have money markets, CDs, savings accounts. Interest rates are low right now. It’s a BAD DEAL.
Other people invest differently. Some people buy gold. Some people who buy gold think that gold is being manipulated to the downside. There is an entire internet culture of conspiracy theorists who spin tales around gold. If the price of gold is being “suppressed” as they say then for them it’s their own personal BAD DEAL.
Then there’s gambling. All investing, whether we like it or not, has an element of gambling about it. Some people complain about the odds. The house always wins. Just once, they’d like to pull the lever and walk away a winner. They don’t. They just complain because it’s a BAD DEAL.
Complaining about bad deals is actually a complex, maladaptive sort of pattern. It goes like this: 1. You have a preconceived view of how the world ought to work. 2. The world doesn’t work the way you think it should. 3. You complain about that. 4. You feed your own frustration and anger. 5. You try to get others frustrated and angry. 6. You get more and more angry if they don’t agree with you. 7. In extreme cases, this can lead to criminal behavior.
There are a number of alternatives along this path, places where you can branch off before you become criminally insane. That’s the “Instead…” part of this rule. I wasn’t going to put that in the title; but I thought it was too important to leave out. You can’t just tell people not to do something. You need to offer an alternative. Now, this is not the only alternative; but when it comes to investing I believe it’s the most imporant. What is it?
FIGURE OUT HOW TO GET ON THE OTHER SIDE OF THE DEAL!!!
Oh, man. How many people never make that leap of logic? Let’s go back to the three examples.
First, my own personal case. Lots of money in a savings account earning diddly-squat interest. I could join the chorus of Federal Reserve bashers, or I could take on some risk in the stock market. I had “cash on the sidelines” in my trading account, and that’s what got me back to break even (in fact, as of this writing I’m in the black a little). At this point, I feel like I have enough in the market. Yes, I’d like to see my cash investments earning more; but I’m not complaining. The returns I’m giving up are paying for the peace of mind that comes from knowing the investments are insured and will not decrease. There is no point in complaining about the low interest rates. I can’t change them. Even if I joined some kind of political movement that had “Make the Fed raise rates” as its objective, it would probably never change anything. Not only would I be out the lost interest, I’d be out my time and whatever money I gave to the organization. Not worth it. No point getting angry. It’s a bad deal, but I DON’T COMPLAIN ABOUT BAD DEALS. I either get on the other side, or if I can’t get on the other side, or have already put enough money on the other side, then I stop thinking about it. At least, I stop thinking about it until it’s time to rebalance the portfolio. The point is not to take bad deals lying down. It’s to do the best you can with a bad deal, and then move on with life.
OK, next the goldbugs. Many of these guys are classic complainers. They actually do have a political movement, led by Ron Paul and a host of newsletter guys. Let’s throw in Peter Schiff, Alex Jones, and that wierd New Age guy who made that movie Zeitgeist. These guys want to abolish the Fed and replace it with a gold standard. As you might be able to tell from the tone of my writing, I think this would be the bonehead move of the century. In fact, I do my own share of complaining about what idiots these guys are, and I admit that I have my own little unhealthy problem with this. I know that I can’t change their opinions. However, the mere fact that people were out there saying so much about gold got me thinking. What did I do? I traded in and out of gold on the way up. I never had a huge chunk of my portfolio in gold. I’m not, and never will be a “True Believer” in precious metal investments for the long term. You see what I did though? There was all this interest in the metal, a bunch of people who are advocating something that I believe would be a disaster for the economy. Yes, I complained; but then I said, “maybe they have a point, but even if they don’t a lot of people are following them and that will cause their investments to rise”. I GOT ON THE OTHER SIDE OF THE DEAL. I consider it only a partial victory though, because I still complain about these people sometimes.
Finally, there’s gambling. A lot of people gamble. Everybody knows the odds favor the house. That’s the first thought. A natural second thought is, “which games are least stacked against me?”. Plenty of gamblers make this leap. The next leap, the one that many fail to make (by now you should be able to guess) is, HOW CAN I BECOME THE HOUSE? Yes. Call me what you will, but the dumb money goes to Vegas. The smart money is running stock screens to see which gaming companies are the best buy. Smarter yet, you can ask yourself what the worst possible game is, and how to get on the other side of it. The lottery is commonly cited as the game with the worst odds. It’s run by the government, so you’d think you couldn’t get on the other side. Au contraire! Now you have to make even more leaps. Learn about the lottery. Where does the money go? Did you know that the convenience stores get a cut of the winnings in many states? Some lotteries earmark funds for specific purposes, such as education. When lotteries were first passed in many states, a lot of people probably wanted to know what the odds were on the tickets. There were probably fewer people asking where the money would go, and how it would transfer from public into private hands. Government money tends to find its way into private hands. Performing such an analysis may or may not have led you to any investing opportunities. The market may have performed this analysis before you did, and priced lottery revenues into the share prices of convenience store operators or educational providers. Performing the analysis would still have been useful. It’s a good exercise.
These are just a few examples. I’ve also applied this way of thinking to options recently. You say that put is too expensive? I say it’s not expensive enough! You see a bad deal? Don’t complain about bad deals. Instead… get on the other side.
Just one final note, which really ought to go without saying. There are some bad deals you don’t want to get on the other side of. If International Baby Mulcher takes your offspring, owning stock in it will probably not assuage your grief. In other words, you don’t want to invest in something that goes so radicly against your beliefs that you start to feel guilty. Your beliefs may change, but they shouldn’t change for the sake of earning money.
Investing Rule No. 1: Good Investments don’t Advertise
July 22nd, 2009First, a little background. I’m the first to admit that I don’t know everything there is to know about investing. I’ve been following the stock market off and on since I was in my teens. I’ve been investing with various degrees of activity since my late 20s. I’ve had modest success. So far, I’ve come through 2008-2009 roughly breaking even. That’s out-performing the market but you invest to make money, not break even, so I consider this a pyrrhic victory. Nevertheless I feel like I’ve learned a lot over the years, to the point where I think some of it’s worth sharing.
In the back of my mind, I have a number of rules about investing. Every once in a while something happens that reminds me of those rules. Today, it was somebody following me on Twitter. I don’t get that many followers, so I have time to check profiles when I get a new one. I went to this guy’s profile, and pretty much every tweet, and his web site, were promoting some kind of seminar or something. In short, he was advertising a money-making opportunity.
I was immediately reminded of this rule: Good Investments don’t Advertise.
This is the simple way of stating the rule. Of course, there are some subtleties that need to be explained. First, it’s perfectly OK, and fully expected that good investments will advertise products that constitute their core business. Nothing is wrong with that. It’s even OK for an investment company to advertise their investment expertise. There’s nothing wrong with Charles Schwab, for example, advertising their investment services. The mere fact that they advertise is not a strike against them (but of course, you should still evaluate them based on their track record).
So. If it’s OK for a company to advertise investment services, then what do I mean about good investments not advertising?
What I’m referring to is companies that advertise themselves as investments, or that advertise financial products as opposed to financial services. You see these things in newspapers all the time: High yield investments, make money from home, etc. If you read the fine print on the high yield investments you will see that they are never FDIC insured deposits. The legitimate ones are high yield bonds, which carry a risk. The illegitimate ones are outright Ponzi schemes.
OK, so if it’s a high yield bond, aka “junk bond”, advertised in the paper, what’s wrong with that? Everything.
Think about it. These bonds can make you a lot of money under the right circumstances. What are the right circumstances? Well, for starters, diversification. If you have a large portfolio of junk bonds, a few will default but you are investing based on the odds that most won’t. The defaults will reduce your returns, but you figure that statisticly, even with a few defaults, you’ll still get an attractive yield. This is how credit cards work too, and it can be a very profitable business, if, and this is a big if, you have a large portfolio. Credit card companies have millions of customers. Junk bond funds will invest in issues from hundreds of companies. That ad in the paper is asking you to invest in one company, that’s bad enough but what’s worse is they’re advertising. Why is that so bad?
Well, with all the junk bond issues out there, you must figure that most of them aren’t advertised in your local paper. Do you think that a bond that has to advertise in your local paper is better or worse than one that doesn’t? How do fund managers usually find out about junk bond issues? Do you think they pick up the Podunk Gazette and pull the trigger there? Something tells me they don’t. The ad could be saying anything, but what it tells me is “We couldn’t sell these through the usual channels, so we’re trying to sell them here”.
OK, maybe some furtune 500 companies might advertise bond issues in the Wall St. Journal. They will be accompanied by a little fine print and pointers on how to find out more about the terms of the bonds. The same thing happens with IPOs, or at least it did the last time I picked up a printed copy of the WSJ. This is perfectly legitimate, so the rule isn’t etched in stone. It’s a bit more nuanced than a one-liner; but I think you get the drift here. At least, I hope you do.
Sometimes investments that advertise are people starting small businesses. We’ve all heard the story of how Sam Walton went to friends and neighbors to raise money for Wal Mart, and how all those folks became zillionaires. OK, fair enough. Nevermind the fact that there are a lot of small towns and only one Wal Mart. If your friend or neighbor comes around with such an opportunity, don’t dismiss it out of hand. Consider their talents. You probably know them. You may have been thinking, “this guy should go into business”. You might not end up a zillionaire, but you might end up owning a piece of a good solid business. There’s nothing wrong with that. Just make sure you understand the risk.
Now let’s consider a guy who is advertising such an opportunity on Craigslist or worse yet, spamming you from out of nowhere. This guy must have had friends. He must have had family. He has a local bank. Did he go to them first and get turned down? Did he decide to go to perfect strangers on the ‘net first, before going through normal channels? Either way, it raises red flags. If he got turned down by the first parties, it says something about his character or ability. If he went to strangers first, that says something about his judgement. Yeah, sure, it’s possible that the guy on Craigslist who need $100k and wants to partner with you to buy real estate is not going to cause you a lot of heartache; but why take chances? If you really know your beans, if you’ve done real estate deals before, if you not only know what a “hard money lender” is but have actually done several hard money deals, then answering the ad might make sense. Otherwise, forget about it.
Video Games “Back in the Day”
June 13th, 2009This was originally posted on Slashdot. Some of the responses were interesting too.
I feel priveleged to have been born in ‘68, because I got to experience arcades at the height of their glory. Best arcade I ever went to: Spaceway Raceway in Springfield Mall. Actually, there were *two* arcades in Springfield mall during the 80s–IIRC, they were both called “Timeout” at one point. The Spaceway Raceway was the one that was remodeled to include a circular electric bumper-car track.
The important thing is that the arcades were DARK. This cannot be stressed too much. Also, games were new, we were young, and this was “cutting edge technology that nobodoy knew where it would take us”. It was soooo… easy to get “lost” in this fantasy world… perhaps too easy. I honestly believe I was addicted to games at one point.
Timeout is still there, but SWRW was turned into something else… not sure what. The beginning of the end came for me when games started getting “cartoony” and I learned to drive. Then they started turning on lights in Time Out. They started turning on lights in all the arcades, reason given was that drug deals and pick-pocketing were going down. Lousy people always have to spoil it… but perhaps this was part of the “Star Wars Cantina” low-grade danger that made the places so appealing… that, and the fact that I had to ride my bike pretty far to get there.
It all fell apart when I went to college. Even before that, they were losing their luster. And, when you can drive a car, there are much more interesting places to go…
Of course kids these days have better tech, but I can’t help but think they are deprived. There[sic] tech is too good. No epic bike rides for gaming… they sit on their butts too long… the effect of the tech and the direction it will take seems more predictable.
Games now? I fire up Quake once in a while when I’m frustrated with something, but that’s it. The addiction left, as mysteriously as it came.
How Not To Sell Real Estate
May 15th, 2009With real estate having dropped so far, you’d think that agents would be doing everything they can to serve potential buyers. Alas, this does not appear to be the case as evidenced by the abysmal nature of most real estate ads I’ve read. Here’s a list (a work in progress) of some of the most frustrating things about ads. Mostly it centers around a lack of information; but it’s also the way the information is presented–often in a way that seems to condescend towards the customer.
1. Put up 3 lines of information, the last of which is “serious inquiries only”. Yeah, you want the perfect buyer to be the very first person who calls, and you want them to buy at your asking price. You want to eliminate all the tire kickers. How realistic is that? You sir/mam, need a serious reality check. How many times have you walked into a store without buying something? I suppose you bought the first house you looked at? You never pick up a package of meat in the grocer’s cooler to see if it looks fresh? Just put it right on the basket, do we? Get a clue. Provide us with enough information, and don’t peg yourself as difficult to work with right out of the gate by posting this “serious inquiries” garbage. Honestly. Buyers are not there to waste your time. Real estate is a major purchase that requires significant research and review of many properties before a purchase is made. You cannot change that fact by putting two words at the end of your 3-line blurb.
2. (bare land only). Don’t put the APN (Asessor’s Parcel Number) in the ad or tell us what the zoning is. Make us guess. Make us go to the planning office’s web site and try to look up the APN based on the address (if that’s possible) and then find out about the zoning.
3. (trailers/mobile homes). Only tell us the price of the trailer, and don’t tell us the space rent.
4. (condo or HOA community). Similar to (3), don’t tell us the HOA fees.
5. (arguably, this is a generalization of many other rules) Provide as little information as possible. Ideally, you should only tell us that you have property for sale and just put your telephone number in the ad.
6. Provide a picture of your smiling face, but don’t provide a picture of the property.
7. (bare land only). Don’t mention that it has no water rights.
8. (bare land only). Don’t mention that it’s unbuildable. Just put “buyer to determine buildability”. Best combined with (2) and hope that the buyer won’t be smart enough to search the planning office web site and will thus become the “next sucker”.
9. Put “needs TLC”, “fixer upper”, or “contractor’s special” in your ad. Pretend that we’re still in the era where most ads were 3-liners in the newspaper classifieds so there wasn’t space. Nevermind that sellers of cars were able to describe what needed fixing with a stock set of abbreviations such as “nds brks, ac”. You have the ability to post 100 times as much text now without even stalling a dial-up connection, but be sure to totally ignore that and not tell us what actually needs fixing. Just convey what is, literally, 1 bit of information. Real bonus points for “TLC”, which means “Tender Loving Care” and has become, quite possibly, the most annoying way to convey just one bit of information that has ever been devised.
10. Refer to your property as a “great investment” or say “why rent”. Numbers determine whether or not we should rent, and whether or not something is a good investment. Be sure not to include any numbers such as the PITI based on market interest rates and the prior tax year. It would probably contradict what you just said.
11. Don’t tell us there was a meth lab on the property. I’m not kidding. This really happened. I found out via Google, not the ad for the property. My understanding of the law is that you are required to disclose the presence of a meth lab on property before you rent or sell it. However, the disclosure may not be required until… closing? I don’t know. I’m not a lawyer. I think these disclosures should be required in the ad, in simple checkbox language for various categories (ie, flood zone? no. Meth lab? yes). In case you’re wondering what a former meth lab does to property, the answer could vary. Cleanup may be as simple as removing all carpets, and painting. It may be as complicated as demolishing the house, carting topsoil to a hazardous disposal site, and re-doing the septic system. Costs could range from a few thousand dollars to God only knows what. Don’t you think we ought to know before we call you up and say “I’d like to have a look”?
12. Inform us that your trailer is in a “five star park”. Ohhhh…. Reeeally. But of course. Who confers this rating? Michelin ratest trailer parks? That’s news to me. Pardon me, do you have any Grey Poupon? Oh, and the blackwater hose in space 8 sprung a leak again. You need to look into that.
Whole Foods Read My Mind… But Then They Did Something Really Wierd
April 24th, 2009OK. I was in Whole Foods today, and it was like they read my mind.
They had eggs in onesies. Actually, it was 3 for a dollar; but there they were just sitting there, in neatly arranged rows with fractional egg cartons on the side for protecting them. It was implied that you could purchase just one if you liked. If you are single and only like to eat eggs once in a while, you should immediately appreciate this. Usually, walking by the egg display in a supermarket is one of those slaps in the face for anyone who is either (A) single or (B) not a glutton. For the vast majority of Americans, married gluttony is the mass-market ideal. Now, Whole Foods is known for attempting to counter that. That they broke down the single-egg barrier didn’t surprise me. That the eggs were advertised as locally raised and cage-free was no surprise either. That they were available in brown and white was certainly no shocker. No, the real shocker was what was next to these eggs.
There were a few really large eggs. No, not “that was a big chicken” large. LARGE. Like, Six inches long maybe.
Ostrich? Nah… I thought. Who eats ostrich eggs? Emu? I’d heard they raise those in various places so that had to be it. When I got home I researched it a bit and found that emu eggs actually tend to be green in color. These were very light brown, and were thus most likely ostrich.
All I can say is… wow. Oh, and get this–they were $29.99. Thirty dollars. For an egg. OK, it’s said to be the equivalent of 20 chicken eggs but… do the math! What on God’s green Earth is going on there? Who buys those things? I mean… just… wow. I want to meet the marketing pro who sold the buyer on this. Yo! Egg wholesaler! I need you to… market my re-branded Ubuntu as a Windows alternative. Come on. This is Silicone Valley, baby. You’re obviously a genius, wasting your talents convincing the buyer that this will sell.
Then again… maybe it does sell. Probably, it sells to people who’ve never had one and want to try it once. The managers probably aren’t stupid. Maybe they even have market research indicating that if you put something really freaky in the cooler, X number of people will buy it for a really high price, and that magic number is how many they had. Then, maybe one guy will come back a month later and say “what happened to the ostrich eggs? Why aren’t they in stock more often?”. That person would, perhaps, be the quintessential Bay Area eccentric…
UPDATE, April 24 2009.
It turns out the ostrich eggs most likely come from Indian Point Ostrich Farms, LLC. They even have a link to Whole Foods on their site. Also, YouTube has videos of people opening the eggs.
It did occur to me that it might be tricky to avoid a mess. Plainly, you can’t just crack it on the edge of the bowl. A number of techniques are employed.
1. Dremel (warning the video is noisy)
2. Big Knife
3. Hammer
3. Professional Hammer (Julia Child makes it look easy)
Oh, and if you’re thinking it’d be easier to hard boil it, think again. According to some sources, you need to boild it for 1.5 hours, and wait a while for it to cool before eating. The real problem though is the eating. None of the groups in these vids are of a dozen people. That’s about how many you need if each person is going to eat the equivalent of two chicken eggs at one sitting.
The Gold Insurance Policy
April 14th, 2009(work in progress)
Gold is sometimes described as an insurance policy against financial disaster. This got me thinking, if it were sold like most insurance policies it would come with terms, conditions, and disclaimers. So, I decided to write such a policy.
1. This policy insures you against inflation and/or the need to transport wealth across borders, subject to terms and condtions as specified.
2. Insured may choose to cover any portion of their wealth as measured in a local currency. Premium is all the local currency that insured wishes to protect. Upon payment of premium, insured will receive an ammount of gold at the current exchange rate between the local currency and gold.
2a. In addition to the premium, Insured will pay an additional premium (commission) for a physical policy. The additional premium is currently 10% above quoted exchange rates. The policy may currrently be redeemed at close to face value or with small refunds; but historicly has been redeemed at less than face value.
3. Currency exchange rates are subject to frequent and unpredictable changes. This may, radically impact the ammount of coverage to the insured. Be advised that it has been known to take decades for the rate of coverage to return to where it was when the policy was originally purchased.
4. THEFT — Policy does not insure against theft. If insured choses to receive gold in physical form, theft may reduce coverage to zero, resulting in a total loss to the insured. Insured is advised to purchase theft insurance if chosing a physical policy. Note that because policy may insure a large ammount of wealth in a form that is easily transported, there may also be large losses due to theft. Customers wishing to mitigate against such circumstances may wish to consider our silver policy. Please also note that the purchase of theft insurance will result in gradually reducing your coverage against inflation as time passes.
5. FRAUD — Policy does not insure against fraud. Verification of valid coin is the responsibility of the insured. Insured is advised to read the prospectus of a paper gold instrument carefully.
6. GOVERNMENT ACTION — Policy does not insure against government actions specificly directed at policy holders. These include but are not limited to property tax or confiscation resulting in the holding of such policies becoming illegal. Policy holder is advised to carefully weigh the implications of chosing to disobey the government under such circumstances.
7. SOCIAL VALUE — Policy holder is advised that the policy is based on a long standing tradition of gold holding value within most societies. There is no guarantee that society will continue to hold gold in such high esteem.
8. Actual means of transport across borders may be difficult. It is the responsibility of the insured to see that this can occur safely, should such a need arise.
9. “GOLD FEVER” — Insured is advised of the human condtion known as “gold fever”, in which certain individuals who know that gold is present will abandon their usual decorum and sense of morality. This may result in physical harm and/or total loss of your policy if it is known that you are holding. Insured is advised to stay tight lipped about the whole affair.
Those Wonderful Web Forms
March 6th, 2009We’ve all done it. You’re on some web page and it wants your name and address. You don’t want to give it to them, but you want to access whatever is behind the gate. What do you do? You make something up. Well, I got a treat today, something special that all of us can use in these trying time–a good belly laugh. When I went to check the mail, I got mail for a previous occupant. This happens all the time, and I’m familiar with all the previous occupant names. This one was new. Apparently, an Asian man was living here. His name? Hui P. Lie.
My neighbors, if they heard me, must have wondered what was in the mail that could be so funny.