Actionable news
All posts from Actionable news
Actionable news in QQQ: PowerShares QQQ Trust, Series 1,

On Simple Markets

Recently, I dropped my Ford Mustang off at a repair shop for some long overdue work. This car has been in my family since 1967 when my great Aunt bought it brand new, at age 67. I love this car, but it’s not safe for kids and stopped being my daily driver over a decade ago, and for the most part, has just sat in my driveway.

The mechanics spent a week pouring over it from bumper to bumper to give me an idea of what had to be done to get it back on the road. When a car reaches 50 years of age you start having issues with things other than your run of the mill items, and when I returned to the shop I was presented with three single-spaced pages full of suggested repairs.

As the owner went over each issue in exacting detail, a mental calculator kept a tally in my head. As much as I wanted to get the car running again, I had a line in the sand about how much I was willing to pay and figured that by the middle of page two I was way over...