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John Bogle, founder of Vanguard, is one of the few smart people in the investment world. He always tells it like it is, even when he strikes close to home. In an interview recently, Bogle pointed his finger at mutual fund managers, retirement account managers, pension managers, money market managers, institutional money managers and the like -- people who charge or make large fees for their work and who together control some 70% of the shares of large public companies today.
Read →The other day I decided to see just how much more an investor who put their money in the stock market would have earned versus someone who just stuck it into an FDIC insured savings or money market account. The analysis yielded some interesting conclusions.
Read →Review of Delta Community Credit Union
Read →FNBO is offering a market leading 4% APY on a 60 month (5 year) CD. To open the account you'll need to first open a savings account and then you'll be able to add the CD to the account.
Read →An article in today's WSJ discusses the risks of corporate bonds, which are a popular investment vehicle today. The biggest risk seems to be the potential for inflation and future higher rates.
Read →I just got 2.5% on a money market from the Citibank branch on Boylston Street in Boston. I don't know if the rate is national but here are a few things I learned in the process.
Read →Farmers and Merchants Bank if offering a 4.51% APY that is nationally available. The best part of it is that the rate is good on amounts up to $50,000.
Read →AIG is offering some pretty competitive CDs. The question is, with all of the hoopla over executive compensation, would you open one?
Read →Dylan Ratigan left CNBC and the ridiculous show that he created on Friday.
Read →IBM, Microsoft, Oracle, Intel, Qualcomm and Apple could be vulnerable here.
Read →The spread, or difference between the average savings and money market rate and the average 3 year CD rate has been increasing since January. Is this a sign of an improving economy or just a signal that short term deposit rates are horrendously low and going lower?
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