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Nothing Could Be More Dangerous Than to Buy a Bond Fund Right Now Image Courtesy: Wikipedia

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 →
Platinum Card Is No Longer Accepting Delta Gift Cards Against Airline Credits Image Courtesy: American Express

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 →
Jim Cramer Says to Buy CDs Image Courtesy: Wikipedia

Jim Cramer Says to Buy CDs

Amazingly, Jim Cramer, the biggest proponent of the stock market was interviewed on NBC’s Today show the other day and couldn't say anything other than to buy CDs. It is a video so extraordinary that you need to watch it... Read →
I Am Just Not Too Excited About a 1-Year CD at 2.85% APY Image Courtesy: Pexels

I Am Just Not Too Excited About a 1-Year CD at 2.85% APY

There are several well-known online banks that are offering 1-Year CDs at 2.85%. In fact, some banks may even be a little higher. You can see the list of the best online 1-year CD rates here. You may also find better one-year CD rates... Read →
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 Revlimid or any other... 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 (so-called “analysts”)... Read →
Wall Street Journal Article Suggests that Banks Cannot Sustain Travel Reward Credit Card Sign-Up Bonuses Image Copyright: BestCashCow

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

The Wall Street Journal started the year off with an interesting article that seems to say that the credit card flipping game is about to end. It suggested that Chase – which controls many of the most valuable sign-up bonuses - can... Read →

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 predicted online savings and money market rates going above 2% before October 2018,... 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 Republican Congress could... 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. He... Read →
2.05% or 2.10% is No Longer A Competitive Online Savings Rate Image Courtesy: Pexels

2.05% or 2.10% is No Longer A Competitive Online Savings Rate

It has been 3 days since the Federal Reserve raised the Fed Funds target rate to a range of 2.25% to 2.50%. Over the past year, with each raise, the major online banks have competed to be first to move their savings rate within the new... 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 since Jerome Powell... 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 an earlier article, we suggested that... 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 Fed Chairman Jay Powell moving to appease a President in a speech before the NY Economic Club by suggesting that a... 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. These CDs are now within a year or two of maturity. The early withdrawal fees... Read →