Some of you are probably wondering how the coaching business is going with the economy in a tailspin, people being laid off left and right, and the USD headed for debasement and devaluation. Triathlon coaching is much like personal training in the sense that it is a luxury for most. Our bottom line is down about 20% from the same month last year, which is painful but not debilitating. This puts us back in line with 2006 earnings. The crunch will slow our plans for acquisition of a mountain getaway.
From a business standpoint a period of economic malaise like this is a good time for healthy businesses to work on expansion and advertisement in advance of a rebound in one, two, or three years time. The survivors pick up all the customers of those companies that had to shut their doors.
Of course if this turns into a depression I will probably be picking up any additional odd jobs to help pay the bills. I am debating looking for a 3 or 6 month tech writing contract to help us out. That is a good thing about the technical writing profession, a lot of places prefer short term hires to help out with one-off documentation products.
In World of Marty Poker news, I finished up 75% at the Wednesday night game.
In the World of Marty Stock, ETF and Option Investing newsletter, I picked up 100 shares of USO at 28.65 and wrote a February 31 covered call. USO tracks oil and natural gas. Believe it or not we are up about 12% on our trading cash since beginning to take action in late November. If the SP gets back to 900 I'm going to get out of our domestic mutual funds for a while. If it doesn't we'll ride it out.
In World of Marty Survivalist & Armageddon Magazine, I checked out a Mossberg 500 pump action 12 gauge at the local sporting goods store today. BAM!
In World of Marty Training News, I am feeling tired today after having a 10+ hour 5 day week. Yesterday I ran 25 minutes with Bri in the AM, then rode 1 hour with an athlete, then rode 1.25 hours with Bri.
We are off to VA to hang with the niece for her birthday this weekend.
Friday, January 30, 2009
life and all that good stuff
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Coaching - hang in there Marty - your a good coach! The shotgun is the way to go - saw off the 12 gauge and you got a "no miss" weapon that I prefer.
Stocks - I agree I want to see an Obama bounce and I am out as well. See you at Masters!
Yo, the Mossberg is an excellent choice. It's on my wish list. It will sit nicely next to my HK-93 and Beretta 9mm.
my word verification was 'palin' whassup with that?
wassup with you two?
Save us a spot at the compound, we will come armed to the teeth and willing to till the soil with sweat and tears.
Re: Palin, My blog has been placed on a list for sedition (along with yours :P).
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