Archive for June, 2007
Thursday, June 28th, 2007
Federal Interest Rates Likely to Remain Unchanged: The Effect of Interest Rates on our Economy
Why are interest rates important? What effect can they have on the economy?
Someone recently asked me this question and it is certainly one that individuals should be aware of.
Most people know that a high interest rate on a credit card, mortgage, or personal loan is a bad thing.
On the flip side, most individuals are […]
No Comments » - Posted in Miscellaneous by admin
Monday, June 25th, 2007
When Paying Off Doesn’t Pay : Yahoo Finance
When Paying Off Doesn’t Pay
By Ben Stein
“I get many letters asking whether it’s better to pay off your mortgage or invest the money in the stock market instead. This is a complex question, but I’ll offer several ways of thinking about it.
First, no one ever spent a sleepless night because she had millions in the […]
No Comments » - Posted in Saving by admin
Thursday, June 21st, 2007
Bill Gates : Staying with Microsoft vs a Philanthropical Career?
Bill Gate’s Charitable Vistas
By Robert Barro
Bill Gates is worth $56,000,000,000. FIFTY SIX BILLION!
“Bill Gates is the richest man in the world, helped create a revolutionary computer software company, and earlier this month, collected an honorary degree from Harvard University. But he may not understand the vital role wealth creating plays in society. - […]
1 Comment » - Posted in Financial News by admin
Thursday, June 21st, 2007
Rent an Apartment or Build a House : Its all about the car payment
Car vs. House, good perspective : It’s Just Money Blog
Source: Dave Ramsey Radio Show
A caller called in with the current situation:
-Had just purchased a $31,000 car
-Bought land for $20,000 ($4,0000 downpayment)
-Income of $43,000
Caller wished to know whether or not it was a better idea to rent an apartment or to build a small house on […]
No Comments » - Posted in Saving by admin
Wednesday, June 20th, 2007
Buy. Hold. Profit. Give Back.
Buy. Hold. Profit. Give Back.
Interview with John Rogers by Jason Zweig
“Question: You were in your mid-twenties when you started managing money. Most people aren’t very patient at that age.
Answer: I really did believe that the most successful investments were the ones that you could own for the long run. I remember reading about the great […]
No Comments » - Posted in Investing by admin
Wednesday, June 20th, 2007
Stock picks to retire on : CNN Money
Looking for core positions? CNN came out with a great slideshow showcasing their top 40 picks with the criteria of essential value and reliable growth. I took a look at the list and here are several of the stocks that they picked that are on my ‘core position list.’
My #1, CNN #4 : […]
No Comments » - Posted in Investing by admin
Tuesday, June 19th, 2007
Don’t get risky with late retirement saving : CNN Money
Don’t get risky with late retirement saving
Where we don’t want to end up:
Jo if Oregon writes:”I’m 55 years old and have saved only about $15,000 for retirement. [I’m currently savings 10% of my salary] - Maybe I should invest aggressively since $15,000 will not last very long anyway.”
Walter Updengrave’s abbreviated response:
-”I’m glad you have […]
No Comments » - Posted in Planning by admin
Tuesday, June 19th, 2007
Prosper Loan of the Week
Prosper.com Loan of the week : June 18th -June 25th
This loan offers a B credit grade, no delinquent accounts, no public records, and is a verified homeowner. He claims “I plan on paying this loan off within 12-18 months.” So the loan appears to be an excellent short-term loan.
From a prior Prosper […]
No Comments » - Posted in Investing by admin
Monday, June 18th, 2007
First Attempt at Balance Transfer Arbitrage
After doing a little more research, I’ve decided to join the ranks of those playing the balance transfer game with the banking industry.
Balance Arbitrage - taking advantage of bank’s introductory offers for balance transfers. They often charge an upfront fee, generally a percentage of the balance you transfer, give you a lock in rate […]
No Comments » - Posted in Saving by admin
Monday, June 18th, 2007
How to Save $1 Million for Retirement : Yahoo Finance
How to Save $1 Million for Retirement
“If you’re a newly minted college graduate, the $1 million-plus needed for retirement might seem impossibly large.”
Totally true. Looking at the average 2005 college grad’s starting salary of $30,337, it is almost hard to imagine a million dollars. A million dollars could earn more interest in […]
