One of the blogs I like and respect, Dr Housing Bubble, has a different view on the bailout.
This bill was a pathetic attempt at smuggling money to Wall Street from Main Street although it was under the guise as help for the common person. Even with all the new modifications in the 110 page [...]

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And we’re in the 152nd Carnival of Personal Finance as well !
 

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In these times of low interest rates, those of us that actually save money are having a hard time with our not-so-high-anymore yield accounts.
I remember a year ago when some savings accounts were yielding 5%.
I used to chase them. I had an account at ING yielding somewhere around 4.65%. I chased a higher yield and [...]

Posted in Consumer, Finances 3 Comments »

 Most professionals recommend you only check your statements once or twice a year to balance them. Checking them too frequently might cause you to do stupid things, like sell your stocks when the market is down and buy them when the market is high. You can’t be emotional when investing, and when you check your portfolio too [...]

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The Carnival of Personal Finance #146 is up at StockTradingToGo.

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The NY Times had this article a couple of weeks ago explaining the Credit Crisis in a simple and easy way to understand. I wanted to blog about at the time, but totally forgot about it till another PF blogger recently blogged about it.
So how is it that a mess concentrated in one part of [...]

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We’re in the Carnival of Personal Finance #144.
Don’t forget to check it out.
 

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By now, everyone should know about the Housing Bubble.
The scary thing is that there’s another bubble in the horizon, and it’s much scarier.
Paul Farrell writes that Warren Buffet (currently the richest man alive) and Bill Gross (Bond Fund King) warn us that the $516 trillion bubble is a disaster waiting to happen.
Back in 2002, Buffet ran [...]

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I found this in a message board.
Alledgedly, this is a letter a 98 yo lady in the UK sent to her bank. I can’t find any source, but regardless, it is quite amusing.
Dear Sir,
I am writing to thank you for bouncing my cheque with which I endeavoured to pay my plumber last month. By my [...]

Posted in Consumer, Finances 1 Comment »

I found this article extremely interesting.
Would you rather earn $50,000 a year while other people make $25,000, or would you rather earn $100,000 a year while other people get $250,000? Assume for the moment that prices of goods and services will stay the same. 
My first impulse was to pick the first choice. My reasoning was [...]

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