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Some 1-Year CDs Are Still over 2% APY Following the Coronavirus-Induced Fed Cut
We’ve read and heard a lot of financial markets information since the Federal Reserve’s emergency rate cut last Tuesday in response to the spread of Coronavirus. By the end of the week, 10-year US Treasuries were trading... Read →
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The Federal Reserve Makes a 50 Basis Points Emergency Fed Funds Cut
The Federal Reserve has made a 50 basis point emergency cut in response to the spread of Coronavirus, moving the Fed Fund rate to a target of 1.00 to 1.25%. The market is pricing in the likelihood of further cuts on that March and April... Read →
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Our Advice is to Move Money From Savings Accounts to No Penalty CDs Right Now
The stock market is crashing. Anyone in it is losing a fortune this week. The temptation may be to try and follow Jon Najarian’s crazy option trades and be a hero, but as a veteran of 2000 and 2008, I can guarantee you that is... Read →Divorce is often emotionally and financially challenging, but following a few key do's and don'ts will minimize the frustration and help both parties weather the process in better financial shape.
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Barring New Yorkers from Global Entry Violates the US Constitution
It has been 25 years since I graduated from law school and almost as long since I have practiced law. I am no longer so certain why I went to law school, but I am damn certain that I remember Constitutional law. This will clearly come... Read →
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Chasing Savings Rates in a Falling Rate Environment is A Losing Strategy
I often speak to bank executives who are pursuing capital with the goal of bringing in large deposit volumes and who are setting their rate strategies. These folks will tell me that they are trying to avoid “fast cash”. In... Read →
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United Airlines Still Has An Excellent Loyalty Program for International Travel
United was once the best airline in the sky. Whether it is your favorite airline today or not, it still has an outstanding loyalty program, and if your focus is international travel, it may be the program where you want to build your... Read →
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Should You Really Be Buying 1-Year CDs Right Now?
I was at the gym yesterday and a friend who manages money for wealthy New Yorkers asked me if his clients (a married couple) should be putting $500,000 into a 1-year CD here and now at 2.00%. He believes that with the stock market at an... Read →
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Bask Bank, American Airlines AAdvantage Miles, Silliness?
Editor's Note: This article was originally written in December 2019 when Bask Bank had a soft launch of its new American AAdvantage product. In January 2020 after Bask Bank released the full details of the product, the author realized... Read →Ideally, we think it is best to get both cards, but if you can only get one, we think the Chase Sapphire Preferred card is the one to choose.
Read →If you use credit cards as a financial tool rather than as just a means for credit, they can help you get that trip to the beach or plasma TV faster than you could have gotten it on your ownâ¦without depleting your savings.
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The Hyatt Regency Tokyo Offers Outstanding Redemption Value at 12,000 Points per Night
I recently stayed for three nights at the Hyatt Regency in Tokyo. The hotel was clearly Hyatt’s flagship property in Japan when built in 1980. And, while it has seen finer days and the rooms have not been recently renovated, it is... Read →
Hotel credit cards can be effective ways to rack up points for your next great trip to some island getaway, or to be sure you don't get stuck staying in your in-laws basement for a week the next time you need to visit them. But, they... Read →
Airline credit cards can be effective ways to rack up points for your next trip to an exotic location, or to take the family to see the in-laws. But, they may not always be the best card for you. You should use BestCashCow's credit... Read →
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