How can you hedge against rising gasoline prices?
Don't Quit Your Day Job has followed up the discussion they launched back in 2009 and developed a tool that works out how many shares of the exchange-traded fund, the United States Gasoline Fund (UGA), that you would need to buy to offset the higher cost of gasoline at the pump with gains from your investments. (Disclosure: While we helped with the coding, the concept and math all belongs to DQYDJ!)
Meanwhile, we were kind of touched to see another one of our tools get discovered and then praised in a discussion forum for diabetics. It's nice to confirm that our sense of the potential market for an idea we took from idea to execution in roughly an hour and twenty minutes is turning out to be right.
Finally, Clemens Kownatzki really picked up and ran recently with another one of our tools, the one that works out the size of a solid block of gold for an equivalent amount of federal spending, for his weekly FXIS Market Insights post.
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Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
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