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INVESTING FOR THE FUTURE TODAY

So what is the answer to the 64 thousand dollar question? Should I buy today? Lets take a look at this short article and I think you will be able to answer the question yourself.

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Judge Rakoff Rejects Settlement Over $4 Billion Merrill Bonuses

Judge Jed Rakoff, a Federal District Judge in lower Manhattan today rejected the $33 million settlement between Bank of America and the SEC over $4 billion in bonuses paid to Merrill employees days before the Bank of America/Merrill merger... Read →

It's a Bird, its a Plane, no it's Stagflation

Stagflation, deflation, depression and recession. Which are we in and which one are we headed to? I have no idea, but at least I can tell you what they mean. Happy Reading

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It May Make Sense to Realize Capital Gains Now

It's a sure thing that taxes are going to increase in 2011. As a result, it may no longer make sense to defer capital gains. If you have an investment you've been thinking of selling, now may be a better time then next year.

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Inspector General Says Fed Failed to Curb Bad Lending Practices that Led to Bank Closures

A new report from the US Inspector General says that the Fed failed to adequately supervise two banks in California and Florida that eventually failed.

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Citibank Offering 5-Year CD for 3.5% APY

Citibank is offering a 5-year CD that pays 3.5% APY. As of September 12, 2009 that's one of the top rates for this term.

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Savings Rates Down and CD Rates Mixed - Weekly Rate Update Sept. 11, 2009

Treasuries showed strength this week, with Treasury bond yields staying low despite continued supply via auctions. The Fed has signaled on many occasions that it expects rates to remain low for some time. This week it was the Fed Vice... Read →

Treasury Bond Auctions Met with Stronge Demand; Rates May Be Low for Years

This week the US Treasury Department auctioned off $70 billion in debt and it was met with eager demand. Yesterday, Sept. 10 investors bid for 2.92 times the amount of securities offered at the $12 billion sale of 30-year Treasury bonds.... Read →

Mortgage Bond Yields Decline to 3-Month Lows

Yield on mortgage securities dropped to their lowest levels in three months, a sign that mortgage rates on new homes will decline further. Yields on Fannie Mae’s current-coupon 30- year fixed-rate mortgage bonds fell to 4.29% as... Read →

Congress Considers Regulating Overdraft Fees, a $27 Billion Market

Congress is now turning its attention to the enormous $27 billion bank overdraft market and is considering legislation to alert customers when they are about to overdraw an account. Banks are fighting back, since overdraft fees are a big... Read →

H&R Block Bank Offering 2% on 6-Month CD

H&R Block Bank is offering 2% APY on a 6-month CD on a minimum deposit of $10,000. That's currently the highest rate for that term. The promotion is running from September 1 to September 30.

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Savings and CD Rates Drift Lower - Rate Update Sept 4, 2009

Even as the economy continues to show signs of firming and the stock market continues its upward trend, the rate on savings accounts and many CDs continue their downward movement. It's clear that until the Fed raises the Fed Funds rate,... Read →

Homeowners Turning Into Reluctant Landlords

Many homeowners, stuck with an underwater property that they can only sell for a loss are renting the property instead, hoping the price will rebound in a few years. Is this a good move? Probably not. The WSJ did a nice article on... Read →

Frontier Bank Offering 2.6% APY 24-Month CD

Frontier Bank is offering a 2.6% APY 24-month CD.

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Homebuyers $8000 Tax Credit Ends Soon - Buy Now

The $8,000 homebuyer tax credit for first-time homebuyers is scheduled to end on December 1, 2009. Since it can easily take 90 days to close on a house, there is not much time if you are interested and eligible in the credit.

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