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How Obvious Is It That Someone Knew Celgene Was Going to Be Acquired? Image Celgene

How Obvious Is It That Someone Knew Celgene Was Going to Be Acquired?

Yesterday, as the stock market was opening the year 2019 on a down note, Celgene was making a move from 63 to 67.   The options premiums on all long-dated options were spiking higher.   And, there was no news on Revli... Read →

Wall Street Analysts Are Writing Their Own Fake Narrative About Inflation Image Courtesy: Marketwatch

Wall Street Analysts Are Writing Their Own Fake Narrative About Inflation

I cannot do it anymore.   I just cannot watch CNBC or Bloomberg.   It isn’t because the market is falling (it is).   And, it isn’t because I cannot bear to hear the usual batch of cheerleaders (s... Read →

Wall Street Journal Article Suggests that Banks Cannot Sustain Travel Reward Credit Card Sign-Up Bonuses Image Copyright: BestCashCow

Our Predictions for 2019

Because my predictions for 2018 have proven to be largely correct I have been emboldened to release my predictions for the coming year.

I correctly pr... Read →

Now Is A Good Time to Build a Wall - Around Your Savings Image Courtesy: KPBS.org

Now Is A Good Time to Build a Wall - Around Your Savings

If you are like most Americans, you have just learned that you have been kidding yourself for years.

We believed that the economy could grow quickly in spite of the 2016 election outcome.   We believed that the Republ... Read →

Mattis's Mistake Image Courtesy: Politico

Mattis's Mistake

General James Mattis is a man of extraordinary accomplishments, genuine intellectual heft, and impressive wisdom, and his experience and mindset is distinctly North American and shaped by years of experience in the American military.&nbs... Read →

The Federal Reserve Raises Fed Funds Rate to 2.25% to 2.50%, Indicates 2019 Will Be Slower Image Copyright: BestCashCow

The Federal Reserve Raises Fed Funds Rate to 2.25% to 2.50%, Indicates 2019 Will Be Slower

The Federal Reserve, acting today in its final 2018 meeting, voted to raise the Fed Funds rate by 25 basis points.  The Fed funds target rate is now 2.25% to 2.50%. 

This hike represents the fourth hike of 2018, and s... Read →

Robinhood Offering 3% APY Savings & Checking in Bold Shot Across the Bow Of Established Banks, but No FDIC Insurance Image Courtesy: Robinhood

Robinhood Offering 3% APY Savings & Checking in Bold Shot Across the Bow Of Established Banks, but No FDIC Insurance

As of this morning, Robinhood is offering a 3% APY savings & checking rate on its website.   The account is advertised as being completely without fees and providing access to 75,000 ATMs.

In Read →

In Spite of Uncertainty, Savings and CD Rates Are Rising into December 2018 FOMC Meeting Image Image Copyright BestCashCow

In Spite of Uncertainty, Savings and CD Rates Are Rising into December 2018 FOMC Meeting

The last couple of weeks have been fraught with uncertainty in global markets.   In the US, we ended November with Read →

Avoiding Early Withdrawal Fees on CDs by Withdrawing Only Accrued Interest Image Courtesy: Pexels

Avoiding Early Withdrawal Fees on CDs by Withdrawing Only Accrued Interest

Like many people who realized three or four years ago that interest rates were not going to go up at the time, I locked some money into 5-year CDs back then.

Read →
9 Major Mortgage Mistakes to Avoid to Keep Your Mortgage Pre-Approval Image Courtesy: Pexels

9 Major Mortgage Mistakes to Avoid to Keep Your Mortgage Pre-Approval

Mortgages often seem like a necessary evil for those of us who don’t can’t pay for a home outright, which let’s face it, is nearly everyone.

Buying a home is a lengthy, exhausting process of talking to differe... Read →

No Need to Rush Into Neo-Banks Image Courtesy: Pexels

No Need to Rush Into Neo-Banks

Unlike manufacturers, banks don’t make things. Unlike retailers, banks don’t sell things. Banks make money in three ways - the fees they charge for services, the interest they charge on the loans they make, and the income the... Read →

December 2018 Update – Five Nationally Available Online Savings And CD Accounts that Recently Raised their Rates Image NPS.gov
Money Is On Sale Image Courtesy: Pexels

Money Is On Sale

If you turn on the TV, open the Sunday newspaper, or log on to anything, you’ll see that while the holiday season is about family and friends, it is also about savings money and getting the best deals (when spending money).

... Read →