Credit Card Debt In the past, I have taken money from credit cards at 0% APR and placed it into online savings accounts or similar safe investments that earn 4-5% interest or more, and keeping the difference as profit. I even put together a series … [Read the rest]
FDIC Will Cap Interest Rates For Weakest Banks In 2010
Posted on June 2, 2009 // 10 Comments
On May 29th, the FDIC issued a ruling [PDF] that would limit future interest rates offered by FDIC-insured banks which were deemed "less than well-capitalized". This was viewed by some as a response to a complaint filed earlier with the FDIC by the … [Read the rest]
2009 Callan Periodic Table of Investment Returns
Posted on June 1, 2009 // 9 Comments
Investment consultant firm Callan Associates created a neat visual representation of the relative performance of 8 major asset classes over the last 20 years. You can find the most recent one below (click to view PDF), which covers 1989 to 2008. … [Read the rest]
Ally Bank Review: Online Savings, 9-month, and 12-month CDs
Posted on May 30, 2009 // 42 Comments
You may have been seeing a bunch of purple ads for something called Ally Bank recently. Actually, this "new" bank used to be GMAC Bank. But besides a cosmetic name change, they have revamped the website and tweaked their product offerings. Their … [Read the rest]
Warren Buffett’s Original Money Management Fee Structure
Posted on May 30, 2009 // 11 Comments
Here's a another little fact from The Snowball that I found interesting. When Warren Buffett set up his first investing partnerships where he agreed to manage other people's money, he wanted a compensation agreement that was fair and … [Read the rest]
CollegeAdvantage Refer a Friend Program Expires Soon
Posted on May 30, 2009 // 1 Comment
A quick reminder that the deadline for getting $25 for each of your kids from the Ohio CollegeAdvantage 529 program is May 31st, 2009. I contacted them about the referral program, and they said that just the application must be submitted by Sunday, … [Read the rest]
Power Link Dump: Gas Prices, Commodities, Asset Class Forecasts, & More
Posted on May 29, 2009 // Leave a Comment
Here are some neat links from readers and interweb wanderings. I want to expand on them later as well. Petrofix: Hedge and cap gas prices A website that will let you control your cost of gasoline in the near future - for a price. If gas prices … [Read the rest]
Revitalize Your Aging PC With a Fresh Installation of Windows
Posted on May 28, 2009 // 41 Comments
I apologize for the recent lack of posts, I've been having some computer issues. I've been experiencing the usual sluggishness that happens after you've had Windows for a while, but recently it had been unbearably slow. Even after running multiple … [Read the rest]
Transfer Between Delta and Northwest Frequent Flier Miles
Posted on May 27, 2009 // 10 Comments
Delta and Northwest Airlines are merging, and right now you can go ahead and transfer frequent flier miles between the Northwest WorldPerks and Delta SkyMiles programs with no fees. You can even move them back and forth as you like. This is nice … [Read the rest]
5/25 Only: Old Navy Flag T-Shirts 2 for $5
Posted on May 25, 2009 // Leave a Comment
As you celebrate and observe this Memorial Day, here is a quick deal. Old Navy's popular Flag t-shirts are Buy 1 Get 1 Free today, May 25th, making then 2 for $5. Only in stores. All colors, all sizes. Outfit the family for cheap? More Old … [Read the rest]
ABC’s Un-Broke: The Seth Green Cribs Edition
Posted on May 23, 2009 // 20 Comments
ABC is running a one-hour TV special called Un-Broke: What You Need to Know About Money on Friday May 29th. As part of the promotion, Seth Green provides us with his financially-savvy edition of MTV Cribs. I wonder if that is really his … [Read the rest]
Personal Finance Ratios: Savings-to-Income, Debt-to-Income, and Savings Rate-to-Income
Posted on May 22, 2009 // 24 Comments
There was a recent post on how much savings one should have at age 30 over at the Bogleheads forum. Being 30 myself, I was intrigued, but I am in the camp that believes that there is no right answer at 30. You're still so young that you could just … [Read the rest]
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