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Robert Farrington

21 Facts You Might Not Have Known About The College Investor

Today is the 21st of January, and I thought I’d have some fun with the theme of 21. It’s been a long time since I’ve really talked about myself, so I thought that I would share 21 facts that you probably didn’t know about me. This site has grown exponentially since I started it in […]

start saving today

Investing Tip #266: Start Saving Today

You have to start saving today. Develop a regular savings habit. Avoid all unnecessary wastages of money. Savings is necessary if you want to build up your portfolio and achieve your financial goals. There’s no other way around it. If you want to learn more check out these resources: The Ultimate Guide to Saving for […]

WMR Error and Reference Codes

IRS Where’s My Refund Reference Codes

One of the biggest questions I’ve been seeing this year are what the various reference codes mean on the IRS Where’s My Refund Tool.  A lot of tax filers are getting IRS Reference Codes back, but don’t know what they mean and don’t know if they are in trouble. For more information on WMR, check […]

H&R block 2014 review

H&R Block 2014 Review

H&R Block has been one of the leading tax preparation providers for years. While I’ve never been a fan of their in office services, I think their online products are great. This year they’re making an even bigger name for themselves by offering low prices on popular tax preparation packages, while trying to convert former […]

make an expense budget

Investing Tip #265: Make an Expense Budget

Prepare your monthly and yearly expenditure budget. List all routine expenses such as groceries, electricity, gas, gasoline, education fees, rent, mortgage, and shopping. Compare the actual with the previous estimates and try to bring perfection in your estimate. Knowing how much money you have to work with will help you formulate a plan to reach […]

College Students Investing

The College Student’s Guide to Investing

So, you worked all summer and now you have some extra cash on hand, maybe $1,000 or more. If so, nice job! Now, do you take that $1,000 and spent it on beer all year? Or do you take that money and invest it? Well, if you spent it on beer, you will drink fine […]

determine your financial goals

Investing Tip #264: List Your Financial Goals

Think of your financial needs. Your financial goals could be to have adequate money to finance your children’s education, to own a house, a car, make a decent living for your family, have a comfortable living after retirement, be able to cover medical emergencies and so on. List them out with an estimate of how […]

short straddle is a risky strategy

Investing Tip #263: Short Straddle is a Risky Strategy

In a short straddle option strategy, you simultaneously sell both a put and a call of the same underlying security. The strike price and expiration date for both purchases should also match. If the price does not moves or moves only marginally, you earn. The profit is limited to the premiums of the put and […]

long straddle strategies

Investing Tip #262: Long Straddle Strategies May Pay in Volatile Markets

In the Long Straddle option strategy, you simultaneously purchase both a long call and a long put of the same underlying security. The strike price and expiration date for both purchases should also match. You will make a profit from the price movement. The amount of profit depends on the quantum of price variation and […]

Student Loan Debt Mortgage

How Your Student Loans Could Hurt You Getting A Mortgage

It’s the dream of a lot of college graduates – get a good job and save to buy a home. But a lot of college graduates also have student loan debt, and this debt could prevent them from buying a house. That makes it tough to qualify for buying a house. While a student loan, […]

buy a put option instead of going short

Investing Tip #261: Buy a Put Option Instead of Going Short

If you believe that a stock is likely to decline, you can short sell futures or buy a put option. You will earn if the market declines. But if the market turns opposite of your expectation, you will incur a huge loss in the case of futures. Your loss in the put option is limited […]


8 Stocks That Are Helping Investors Make a Fortune

The stock market in 2014 saw a change in trend, wherein the usual top-performers took a backseat to let the other sectors surge ahead. Technology, healthcare, utilities, and consumer staples were the sectors that stole the limelight, while the gas/energy sector was adversely affected, primarily due to the drastic fall in oil prices around the […]

College and careers. It's hard to determine which career path to take when you're in college. From my experience you need to experiment A LOT. Here's why.

College and Careers: How to Determine What You Want to Be When You Grow Up

When you are just starting out in college, it’s hard to think about what you want to be when you grow up. It seems like there are endless possibilities, which can seem both exhilarating and terrifying. When I first entered college, I thought I’d be a music major. I then realized I was terrible at […]

buy a call option instead of going long

Investing Tip #260: Buy a Call Option Instead of Going Long

If you believe that a stock is likely to move up, you can buy futures or call options. You will earn if the market goes up. But if the market turns opposite of your expectation, you will incur a huge loss in the case of futures. Your loss in call options is limited to the […]

Organize Your Financial Life

How To Completely Organize Your Financial Life

January is one of my favorite times of the year – for a financial blogger – because a majority of people start thinking about their money again. And when you start thinking about your money, the key place to start is organization. Over the years, I’ve tried everything possible to organize my money. I’m talking […]

Sell Only Covered Call Options to Limit Your Risk

Investing Tip #259: Sell Only Covered Call Options to Limit Your Risk

If you own shares, you can sell call options to earn money. Your risk is covered.  If the market goes up and the buyer exercises the call option, you can deliver the shares. Here you need not to purchase the shares at high price to fulfill your commitment of delivery. If you want to learn […]

Looking for the best tax preparation software? Here's our Turbo Tax 2014 Review and why we wouldn't necessarily recommend you use it.

Turbo Tax 2014 Review

As we move farther into tax season all the do-it-yourselfers are wondering, which tax software is the best? We want to bring you that information. As I disclosed last week I have always done not only my own taxes, but many of my family members’ income taxes as well. (I also used to help with […]

when the market could move in either direction

Investing Tip #258: If the Market is Likely to Move Wide in Either Direction, Buy a Put and a Call Option

Outcome of a forthcoming event, such as a presidential election or the FED’s announcement, affects the market. But you are not sure in which direction it will move. You simultaneously purchase both a call and a put option with the same underlying asset, strike price and expiration date. You will make a profit depending on […]

Looking for ways to save? Here are the financial principles I follow and how I make my money work for me.

How I Save By Front Loading My Life And Making My Money Work For Me

This post is part of the TaxACT How I Save blog tour which teaches you ways to keep more money in your pocket. Last year, TaxACT saved America over $240 million on tax preparation. How much can you save? To learn more about tips and strategies on saving, click here.  When it comes to money there are a ton of ways to save and […]

If you sell futures short buy call options for protection

Investing Tip #257: If you Sell Futures Short Buy Call Options for Protection

If you believe that a stock is likely to go down, you can sell futures through contract to sell a specified quantity of the shares on a particular date at a fixed price. You will earn if the market declines. But if the market turns opposite of your expectations, you will incur a huge loss. […]