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March 2019 Update - 5 Savings and CD Offerings to Check Out
We are pulling through the winter, and savings and CD rates are continuing to firm, but are not moving dramatically higher as the Fed now seems intent to hold the Fed Funds rate at 2.25% to 2.50% until later in the year. Here are 5... Read →
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New York Sends Open Letter to Jeff Bezos Begging Amazon to Reconsider
A little more than 2 weeks after the self-induced disaster at the hands of so-called politicians Jimmy Van Bramer and Michael Gianaris, New York's grown ups are trying to get a hold of things. The New York Times reported last night... Read →
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Amazon and A Simply Disastrous Day for New York City
I have lived in New York for about 22 years and that is long enough to have seen some awful days here. The magnitude and human impact of Amazon’s reversal and departure from Long Island City cannot be compared to some things in... Read →
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Impossible Not to be Inspired by Mark Kelly’s Senate Ad
Mark Kelly is an astronaut and Gabrielle Giffords’ husband. In the years following Gabrielle Giffords’ shooting, he has become a vocal proponent of gun control. He announced this morning that he is running for John... Read →
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The United Kingdom is a Month From a Hard Brexit and It Could be Devastating for the Global Economy
I have been amazed at the US stock market’s ability to move up so dramatically in January and into the first part of February. The US media – even the financial media – has grown tired of reporting on Brexit. Aside... Read →
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BB&T And SunTrust to Merge, But Why?
BB&T and SunTrust Bank announced their merger this morning. The banks are the 12th and 13th largest US banks based on assets and the combined entity will become the sixth largest US bank. (A complete list of the largest banks based... Read →
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February 2019 Update – With the Fed on Hold, Here Are Five Attractive Nationally Available Online Savings And CD Rates
Savings and CD rates continued to firm into the end of 2018. However, as we predicted back in November, Fed Chairman Jay Powell has now fully equivocated as a result of presidential harassment and the Federal Reserve has now held the Fed... Read →
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Stop Waiting for the Big Money Center Banks to Raise their Rates
It has been many years since I co-founded BestCashCow, and I have heard just about every excuse possible for keeping your cash in low interest earning savings and money market accounts, checking accounts and CDs. However, there is a new... Read →
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Davos - Hypocrisy at its Worst
The world’s leaders are meeting again at the Davos World Economic Forum. The media is also there, hungrily running after attendees to get their comments on everything from economic projections, environmental challenges, and political... Read →
Image Courtesy: Huffington Post
Wake Up Nancy (Be The Adult In Room)
By refusing to give Donald Trump his wall, you are missing a huge win and a major opportunity. No one really gives a damn about the wall. It’s obviously a political chit and a vanity project. But, it is also a huge obstacle to... Read →
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Jack Bogle, Index Investing and BestCashCow
Jack Bogle pioneered the investing world and the mutual fund industry. He taught the world that they should not be paying fees for performance, and that seeking to be average will outperform over the medium-term and the long-term. He... Read →
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Alexandria Ocasio-Cortez – Everything for Everyone - While Rome Burns
29 years old, street smart, and wonderfully idealistic, Alexandria Ocasio-Cortez is enjoying a spectacular ascent in the political world. She is bright, engaging, and strong. At 29 years of age, she is, in fact, the youngest... Read →
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Nothing Could Be More Dangerous Than to Buy a Bond Fund Right Now
Occasionally, financial planners reach out to me and want to connect on LinkedIn and social media. While I do not hold financial planners in very high esteem since, they are always selling their latest product. I occasionally connect in... Read →
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Platinum Card Is No Longer Accepting Delta Gift Cards Against Airline Credits
American Express’s Platinum card once gave cardholders a $200 annual credit against airline purchases. Several years ago, Amex “upgraded” its program by only applying the $200 annual credit against incidentals at a... Read →
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