Posted April 4, 2008 - 05:33 by Philip Brewer
Investment
Interest rates for ordinary savers held up pretty well after the first Fed rate cut in July last year. There was a simple reason--banks needed the money. With the credit squeeze making it tough for banks to raise cash, the last thing they wanted was for savers to draw their money out in search of higher returns. The Fed's efforts to relieve the squeeze have been somewhat successful--banks have substantially cut the rates they'll pay savers.
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Posted April 3, 2008 - 18:21 by Julie Rains
Career and Income, Investment, Real Estate and Housing
Ever met a rich idiot? I’ve known at least two. Not counting my telephone conversation with self-proclaimed Rich Idiot and multimillionaire Robert Shemin (author of “How come THAT idiot’s rich and I’m NOT?”), I’ve also shaken hands with a guy who impressed me with his simplicity and wealth. We met briefly in a parking lot before a company meeting: I was dressed in standard corporate attire; he wore a khaki jumpsuit with his first name (“Don”) stitched in red. A college dropout, Don had just purchased my employer, a food processor with an Ivy League grad as its chief executive and a Ph.D. at the helm of its largest subsidiary. So what do Robert and Don (#346 of Forbes’ The Richest Americans in 2005) have in common?
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Posted March 23, 2008 - 14:20 by Lynn Truong
Budgeting, Lifestyle, Credit Cards, Investment
I read this book because I was intrigued by the 25 year-old author. By the time she was eight years old, she was earning money by operating a lemonade stand in the summer and shoveling snow in the winter. On her 10th birthday, she used the $100 of gift money she received to purchase a Government Savings Bond. At age 14, she bought her first mutual funds. Four years later, she was investing in stocks.
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Posted March 21, 2008 - 16:32 by Nora Dunn
Investment, Small Business Resource Center
If you're like most investors, those bulky annual reports that arrive on your doorstep are a waste of time and resources. If you want to get the most out of your annual reports, read this primer for the basics.
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Posted March 17, 2008 - 14:17 by Will Chen
Investment
SmartyPig is giving one lucky Wise Bread reader a $100 gift card for starting a savings account with them. To enter the contest, simply leave a comment in our SmartyPig thread in the forum. Drawing will close on Sunday 3/30 at 11:59pm PDT.
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Posted March 17, 2008 - 06:03 by Will Chen
Investment
Author David B. Loeper will be answering your retirement planning questions in our forum. Every person who asks David a question will also be entered into a weekly drawing for a chance to win a free copy of his book "Stop the 401(k) Rip-off." Don't put off your retirement planning. Get your questions answered today!
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Posted February 29, 2008 - 09:24 by Philip Brewer
Investment
Talk about investments and most people think stocks, bonds, and mutual funds, plus maybe real estate and commodities like precious metals. Let's call those "financial investments." You buy them with money and you hope that they will eventually return money in the form of interest, dividends, rent, or a profit when you sell it. Financial investments are great, and everybody should have a plan for building a portfolio of them, but there are also non-financial investments, and non-financial investments can often yield a higher return.
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Posted February 28, 2008 - 12:44 by Xin Lu
Personal Finance, Frugal Living, Credit Cards, Investment, General Tips
A recent CNN article titled "Americans are 'financially illiterate'" reports that a survey found that a large proportion of Americans they tested do not seem to understand their debt. I am not that surprised by the report because in American we really do not get very much financial education in schools. However, I think financial literacy is very important and here are some of the things I think anyone can do to gain financial knowledge.
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Posted February 28, 2008 - 09:08 by Will Chen
Investment
Do you know how to find the hidden fees in your 401(k) plan? If not, your ignorance might be subsidizing your CEO's 401(k).
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Posted February 27, 2008 - 12:56 by Nora Dunn
Investment, Real Estate and Housing
When you sign for your mortgage, you are offered mortgage life insurance as part of the deal, with liability forms to sign if you decline it. Which is better - mortgage life insurance or individual term insurance? This article compares the two so you can make the right decision.
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