Jan
4
Don't Buy Stocks
January 4, 2008 | 1 Comment
I don’t buy stocks in individual companies and I don’t think you should either. I’ll tell you why later but first a little Econ 101 (Don’t worry, I’ll be brief). A stock is a small piece of ownership in a company. Companies sell shares to raise money. This money is typically used to help a [...]
Dec
30
Are Credit Unions Better Than Banks?
December 30, 2006 | 6 Comments
I was listening to the radio the other day on my way home from work and heard an advertisement for a bank, then a few seconds later I heard and advertisement for a local credit union. Then I drove by a bank and then I passed a credit union. I had been mulling over switching [...]
Dec
30
Ask WealthyReader – Should I Close Unused Credit Card Accounts
December 30, 2006 | 1 Comment
Question: I have several credit cards I'm no longer using. If I close them will it raise my credit score? Is there any other reason not to close them? Answer: There are a couple of issues to consider. First the effect on your FICO score. A FICO score is a generic credit score used to [...]