I got a question. Since the stock market is doing so poorly (dow down nearly 778 points), would it be a good time to try to buy some cheap stocks. I know it might be risky, but if I were to invest in stocks, what type of companies should I look to invest in, or [...]
Continue reading...26. September 2008
As we reported yesterday, WaMu posted an increase in their savings account APY to 4.00%. We called this a sign of desperation. It was announced late Thursday night, JPMorgan Chase will buy Washington Mutual for $1.9 Billion, marking this the biggest bank failure in the nation’s history! WaMu is the 13th bank to fail so far [...]
Continue reading...18. September 2008
While most of us are struggling to save money, and pay for gas, there are many Americans that have nothing to worry about.
Continue reading...17. September 2008
This is a quick update, HSBC Direct’s promotional 3.5% APY has ended and going back to 3.25%. Still a leading interest rate number. HSBC Direct offers no fees, no minimums, and they’re FDIC insured, so your money is safe and covered up to $100,000. Apply Now! Here is a quick list to compare some online savings [...]
Continue reading...17. September 2008
My sister has been contributing to her 401k for several years now. She is only in 1 fund, the Fidelity Freedom 2040. As I take it, this fund automatically adjusts to accommodate the persons retiring in year 2040. She is 26 years old and will probably retire more than 10 years after this date. Is [...]
Continue reading...16. September 2008
I was talking to one of my peers recently about the candidates for president this year and which one he thought would be the better choice as a young professional. Here is what he said: me: Why is Obama a better choice as a young professional? Jared: Because he understands young people. This is evidenced by the [...]
Continue reading...8. September 2008
I’m sure most of you have seen the fact that FRE and FNE have been taken over by the government. There are a lot of opinions out there about the implications of such a move but the market seems to love it. Here is a good news story on the topic. Any one have an [...]
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30. September 2008
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