Mar
9
Sitemap
March 9, 2008 | Leave a Comment
… Greenspan Not Laughing About Sub Prime Mortgage Mess Are Credit Unions Better Than Banks? Back To Basics Close Old Or Unused Accounts Interest Rates Increasing? Online Savings Account Rates Not Keeping Up With Inflation Putting the Blame Where It Belongs Searching for a Safe Short Term High Yield Investment Warren Buffet On the Credit Crises What Happens If We Don't Bail Out Wall Street? Will Your Bank Fail? Category: Credit Cards Ask WealthyReader - …
Feb
17
Death and Taxes
February 17, 2008 | Leave a Comment
… produce something will have to pay taxes. Those of us who simply exist off the system will get child tax credits and the like, basically welfare embedded in the tax system.
You may think I sound a little bitter, and I will admit this time of year puts me in a bad mood as I Uncle Sam pries through your personal life looking for each last cent. However, as a pragmatist, I understand that taxes, like death, are something that is certain in life.
Certainty? In this world nothing is …
Jan
11
Stages of Life
January 11, 2008 | 1 Comment
… says it is ok to pursue wealth and sexual pleasure as you are making a family and then trying to support it. At this stage man enjoys his family and maintains a household for them. He also pursues a career. This stage lasts until age 50; however you can see how most people wouldn’t want to give this up.
The third is Vanaprastha or the (Wandering) Hermit Stage. At this stage a man is expected to retire. He is done making babies and his children are adults and no longer need …
Sep
24
Bailout Sounds Like Bad Spam Email
September 24, 2008 | Leave a Comment
… man in the world and he is ready to scam every American taxpayer including your great grandchildren.
Here's an excerpt:
Dear American:
I need to ask you to support an urgent secret business relationship with a
transfer of funds of great magnitude.
I am Ministry of the Treasury of the Republic of America. My country has had
crisis that has caused the need for large transfer of funds of 800 billion
dollars US. If you would assist me in this transfer, it would be most …
Sep
12
Evidence that the Stock Market is Efficient
September 12, 2008 | 1 Comment
… as it is known.
Recently an old news story from the Sun Sentinel provided more evidence in support of efficient market pricing. Google News picked up an old news story about United Airlines filing for bankruptcy. As the story was picked up by Bloomberg (the financial news system) it caused the price of a stock to plummet almost instantly when the information was flashed on Bloomberg terminals nationwide the following Monday morning.
The interesting part is that automated trading …
Aug
11
Should I Buy a New House?
August 11, 2008 | 4 Comments
… each.
I live in a rather modest home (especially compared to today's standards). We have one child and we could use a little more room.
I've been considering a larger home but my wife doesn't want a new larger house. She feels that a larger house is more to maintain (cleaning and yard work). I agree.
My wife would like to move into a town home or condo. She wants a maintenance free lifestyle. I am in total agreement with her except for one thing. I don't want another mortgage or …
Jul
28
… their $6,400 and ONLY their $6,400.
I'm not sure what the argument here is. This seems to support buying vs. renting. There doesn't seem to be any argument for a mortgage here.
4. The government gives you tax breaks and incentives to do all of this!
Again, an argument for home ownership not mortgage indebtedness. The majority of tax payers either can't or choose not to itemize. According to the Urban Institute, only 35% itemized in 2004.
Also, there are limitations …
Comment by More Reasons to Pay Off Your Mortgage - Wealthy Reader: … Stimulus Payment - Child Support QuestionsJeff on …
Jul
18
How Uninformed Investors Keep the Stock Market Moving
July 18, 2008 | Leave a Comment
… people feel good. We are now an "ownership society."
However, just as handing a loaded gun to child does not make him a marksman; giving stock to people does not make them investors.
So many of these newly minted "investors" are driven by fear. They don't really understand the market (does anybody really?) and they get their news from the TV and radio. These folks get their statements in the mail and see that they've lost money (on paper of course). They know they need to stop …
Jun
17
What Is Flood Insurance?
June 17, 2008 | Leave a Comment
… the government tried to control flooding with dams and levees. Victims of floods received little support from the government when a flood did occur. However, in 1968 congress established the National Flood Insurance Program (NFIP).
The NFIP has 2 main goals. The first is to make sure communities have sufficient flood management. The second is to provide affordable flood insurance to homeowners, renters and business owners.
Flood insurance compensates home owners, renters and …
Jun
12
Is Debt Making You Sick?
June 12, 2008 | Leave a Comment
… debt and stress is less strong for republican and retired college-educated men who do not have children living at home whose income was either more than $150,000 or less than $10,000 in 2007.
Really? Poor single mothers are stressed out? No kidding! I'm raising one child with my wife and I'm stressed out. I couldn't imagine doing it on $10,000 by myself.
What I'm more curious about is does you level of wealth affect your political beliefs? For example if you're older, well educated …