Savings
Depreciation: Not Just For The Dollar
Monday, August 4th, 2008Have you been saddened lately by the dollar’s declining value? From 1980 to now the buying power of the dollar has been cut by more than half. Well, if that’s depressing, here is some food for thought that may cheer you up. Skimming through portfolio.com, I found an article about the ridiculous currencies around the […]
Fed Lowers Short-Term Interest .25%
Wednesday, April 30th, 2008In an 8 to 2 vote, the Federal Reserve will lower the overnight interest rate 0.25% to 2%. According to Marketwatch.com, this is the lowest interest rate since 2004 and down from 4.25% at the beginning of 2008.
The Ten Biggest Stock Market Crashes of All Time
Thursday, April 17th, 2008If you thought this first quarter was bad, check out the Ten biggest stock market crashes of all times. That and which ones are worth worrying about.
Make a $25, 10% return instantly.
Wednesday, April 16th, 2008The majority of savings accounts will barely keep up with inflation and are not the fast track to riches, but are a necessary evil. I use these accounts to store money for 1) Emergency Reserves, 2) Monthly Expenses (i.e. mortgage, credit cards, insurance, etc.) and 3) Investing Reserves (money ready to invest in opportune moments).
The […]
Certificate of Deposit Rates
Monday, April 7th, 2008One reader asked where to find the best interest rates for CD’s so I did a quick review of some of the top CD rates available. There are many other companies with higher rates, but I left out non-mainstream banks and those with very high minimum deposits. I also left Countrywide out due […]
Economy Not So Bright
Thursday, April 3rd, 2008With airlines declaring bankruptcy, housing falling apart and unemployment rising, its time to make sure you’re prepared for the worst.
4.0% Interest Checking Account
Wednesday, April 2nd, 2008While researching a place to earn a higher interest on my savings I found this personal interest-bearing checking account with 4.0% interest rate, unheard of for a brick-and-mortar bank. Decide for yourself it the gain is worth the cost.