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Facebook’s Problems Are Just Beginning
In 2004, I founded a company called WiProx. The company was based on a vision that a ubiquitous platform could deliver contextual advertising to individuals who have opted into this advertising and who would receive consideration... Read →
The 10-Year Crosses 3% - As Public Interest in CDs Increases, Avoid Brokered CDs
I have come across a lot of people recently who believe that this is the time to lock into long-term CDs now that the US 10-Year Treasury has crossed 3%. I believe that both short-term and long-term interest rates will be much higher at... Read →
The Six Biggest Crimes of Online Banks
It has been over 15 years now since I opened my first online savings accounts with ING Direct (now Capital One 360) and HSBC Direct (now HSBC Advance). In that time, I have experienced a lot of different service levels and experienced... Read →
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Michael Cohen Is Not Flipping
Over the last two days, it has been very difficult to turn on the news without a major network reporting that Michael Cohen may flip and turn State’s evidence on the man who has employed him for a decade as his organization’s... Read →
Ally Invest Offering $3,500 for New Account Holders Bringing Over $2 MM
For many years, ETrade and TD Ameritrade have given customers $2,500 for bringing over $1,000,000 in cash or securities into a new or existing account (these bonuses are ordinarily limited to one per year). Ally Invest today sent an... Read →
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The Philadelphia Video Could Cause Starbucks to Lose Half Its Valuation
I’ve patronized Starbucks for years. The business model – in the US, in Europe and in Asia - is one of getting the stores to look full. I’ve never been to a Starbucks where customers aren’t encouraged to just... Read →
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Cohen Raid Brings RICO Into Play
With the raid of Michael Cohen’s office, it is becoming clear that Special Counsel Robert Mueller had decided to pursue a RICO case against Trump and his associates and perhaps his family. Passed in 1970, the Racketeer Influenced... Read →
Savings and CD Rates Move Higher In April – 5 Interesting Nationally Available Rates
Following the Fed’s raising of the Fed funds rate in March, we have seen savings and CD rates begin to tick higher as we move towards the Fed’s second meeting with Jay Powell as Fed Chairman. Powell’s testimony... Read →
Hyatt Paris Madeline is Not a Bad Way to Use Your Chase Points in Paris
On my most recent trip to Paris, I stayed at both of the Park Hyatt Vendôme and Hyatt Paris Madeline. I think that Hyatt points now represent the best value for hotel point redemptions in Paris, and perhaps in all of Europe. I am... Read →
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No Guardrails for the US Economy
At first, the market dipped, then rallied after China matched Trump’s $50 billion tariff threat. Now it is dipping at his latest salvo – $100 billion more. Traders are searching for some rationale for ignoring the very real... Read →
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Fed Hikes 25 Basis Points In Jay Powell’s First Meeting as Chairman
The Federal Reserve raised the Fed Funds rate by 25 bps to a target of 1.50% to 1.75% this afternoon. The move marks the sixth such move since the Fed began moving the Fed Funds rate from zero in December 2015, and was unanimous. While... Read →
What to Consider as Rates Rise: Fixed-Rate Mortgages vs. ARMs
Buying a home means more than just committing to raising a family or living out one’s golden years in a particular house. It usually comes with financial obligations in the form of a mortgage. It is therefore important to prepare for... Read →
I Bought a Long-Term CD and Rates Have Moved Higher, What Should I Do?
As interest rates have moved up on longer-term CDs, many have found themselves in a quandary over what to do about longer-term CDs that they may have purchased over the last couple of years and that are now yielding less than the going... Read →
The Return of the 6-Month CD
I am only in my forties, but I have been told by my seniors of an era of largely stable interest rates when 6-month CDs offered depositors the ability to earn a premium over savings or money market rates, without the burden of locking up... Read →
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