Mar
17
What is a Hedge Fund?
March 17, 2008 | 1 Comment
Hedge funds are getting a lot of press these days. It seems that hedge funds are in the news every day and not for good reasons. In the current financial downturn, hedge funds are collapsing left and right. If you’re like a good portion of the general public you have no idea what a hedge [...]
Mar
14
Ten reasons to use a credit card for every purchase
March 14, 2008 | 1 Comment
Many personal finance sites love to pick on credit cards. The credit card industry is an easy target. Don’t get me wrong, some of the reputation is well deserved. However, the savvy and disciplined consumer can take advantage of credit cards. Like any tool, credit cards, used responsibly, can make life easier. I’ve compiled a [...]
Mar
13
Protect Yourself with Credit Cards
March 13, 2008 | 6 Comments
Online purchases can be risky. Using a credit card is one sure way to mitigate the risks of making purchases online. Contrary to popular belief credit cards can be a consumer’s best friend when it comes to protecting themselves from dishonest or downright incompetent merchants, online or otherwise. I’ve found that credit cards are your [...]
Mar
12
Financial Derivatives Still Considered Harmful
March 12, 2008 | 1 Comment
In the five years since Warren Buffet’s warning about long term financial derivatives contracts the volume of such derivatives has increase five times from $100 trillion to $516 trillion. This according to BIS via Paul B. Farrell of CBS Marketwatch.com, implies “a massive new derivatives bubble is driving the domestic and global economies, a bubble [...]
Mar
11
Top Five College 529 Savings Plans
March 11, 2008 | 2 Comments
In a follow up to my previous posts about saving for college with a 529 college savings plan, I’ve recently come across Kiplinger’s ranking of the top five college 529 savings plans. I personally subscribe to Kiplinger’s as well as a few other personal finance magazines. While these magazines may not make you a millionaire [...]
Mar
10
Are You Saving Enough for College?
March 10, 2008 | 1 Comment
The cost of college is increasing faster than inflation. How do you know if you are saving enough money for college? We have a new college cost calculator that will help you determine the cost of college in the future and also tell you exactly how much money you should be saving for college. When [...]
Mar
9
Can You Afford a Tire?
March 9, 2008 | 2 Comments
What kind of financial shape are you in? Can you afford a large automobile repair bill or even a set of new tires right now? Do you have the money for single new tire? Last night my wife called me and told me the car was telling her to check the tire pressure. Now our [...]
Mar
7
Will Your Bank Fail?
March 7, 2008 | Leave a Comment
I’m sure you know that your bank account is FDIC insured. This means that in the event that your bank or financial institution fails (goes out of business); the FDIC steps in and takes over the bank. When we say bank we really mean financial institution. Because the line is so blurred now (for instance [...]