Jan 13
I am really late with my Net Worth report this month! As you can see, this was a great month for me. My Mother surprised me at the end of 2009 by paying me back the $10,000 I had given her back in 2008 to pay off her mortgage. A relative had passed away in 2009 and my parents had received a large bequest. My Mother decided to use a portion of that to pay me back. I used half of the money to fund my Roth IRA contribution for 2009 and the other half went to pay down my mortgage principal (my only remaining debt). Read more…
Jan 12
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Jan 12
In the wake of the traumatic 7.0 earthquake that struck Haiti Tuesday evening, an outpouring of support has been heard across cyberspace. And thanks to developments in technology, donating to important and topical causes is easier than ever. But could a text of support really find you victimized by a scam?
Right now, there are two legitimate ways to donate to Haitian support and relief organizations:
Text ‘HAITI’ to 90999: This service was set up by the U.S. State Department. Texting “HAITI” to the number will donate $10 to the American Red Cross, and will appear as a charge on your wireless bill.
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Jan 11
Is it really different this time? In other words, is this recession really different from past recessions? I argue only in terms of magnitude. It was a bad recession, but it ultimately wasn’t any fundamentally different. Will the recovery be muted? I actually don’t think so. I just think we went down so hard that it will take a long time to recover. Unemployment, for example, will be relatively high through 2010, but mainly because it got so high in the first place. I expect fairly consistent improvement in all economic indicators through the year.If you disagree with the above, fair enough. Clearly the Fed should remain accomodative if the economy isn’t growing.
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Jan 10
Austrian conservative Finance Minister and Vice Chancellor Josef Pröll wants to nationalize Austria’s central bank completely. According to reports from Austrian state broadcaster ORF, Pröll offers the 30% private shareholders €50 million, a multiple for their €3.6 million in equity. Austria owns 70% of its Oesterreichische Nationalbank (OeNB), with the remainder held by banks, insurances and other privileged institutions under the system of Austria’s “social partnership.”Pröll made his comments after a high-level meeting of his party ÖVP (Österreichische Volkspartei).
The conservative led coalition from 2000 to 2003 looted more than half the gold reserves of the OeNB in order to present a phony zero deficit budget. As Pröll
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Jan 10
A lot of us have already heard that E*Trade has a lot to offer to investors, but today I’m going to take a look at E*Trade’s banking products. You can choose among checking and savings accounts, certificates of deposit, and various types of mortgages.
ETrade Bank: Complete Savings Account
If you need a high yield savings account (or what passes for one these days), then the benefits offered by E*Trade’s Complete Savings Account might appeal to you. Right now, the APY is 0.50% and there are no account fees or a required minimum balance for this account. If yo
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