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Now is a Good time to Check Your FDIC and NCUA Coverage
A new financial crisis can always appear out of the blue. It is always a great time to check to be sure that your bank deposits are financially secure.
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Adding a Financial Advisor is Always a Bad Idea, But Especially Now
Unless you are ultra-wealthy, the idea that you or anyone needs a financial advisor is completely obsolete. It is so Twentieth Century. Online banks make both equity and debt markets complete accessible, usually enabling you to trade for... Read →
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Interest Rates Are Headed Down Later in 2024, But Your Savings Account Interest Rate Should Not Have Fallen Yet
At the Fed’s March 2024 meeting Jerome Powell reaffirmed that the Fed is not cutting interest rates until it has further information and continued to guide towards three quarter-point cuts in the Fed Funds rate before the end of... Read →
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Have Home Equity and Mortgage Rates Bottomed?
Long-term interest rates present a real conundrum here. 10-year rates have fallen from 3.05% to as low as 2.35% over the last six months. Fears of a global recession and Brexit uncertainty have caused money to pour into the US and to drive... Read →
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The Federal Reserve End March 2024 Meeting Again Holds Interest Rates at 5.25-5.50% Target
The Federal Reserve ended its March meeting leaving interest rates at their current target. The members unanimously indicated that they anticipate three quarter-point rate cuts before the end of 2024. Given that January and February... Read →Bonuses at Wall Street firms have increased 17% during 2009, with an average bonus of over $123,000 per worker. This is despite the industry starting into the abyss in 2008 and recovering from taxpayer funded bailouts.
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Applying for a Home Equity Loan? Do This First
Here are the four steps to take before applying for a home equity loan.
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Does An Inverted Yield Curve Signal Recession – This Time Could Be Different
When I was in business school, I was taught that an inverted yield curve is an extraordinary precursor of a recession. Indeed, the empirical evidence is there. Of the five recessions since 1980, all have been preceded, by 6 to 18 months, by... Read →
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The Wisdom of Old or Not-So-Old Age
While Bankrate no longer provides the most accurate and comprehensive information on bank rates (that distinction now belongs to BestCashCow or RatesAndInfo.com), they do sometimes produce interesting surveys. Their latest survey... Read →
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October 2018 Update – Five Online Savings Accounts to Consider as Rates Rise
Following the Federal Reserve’s hike in the Fed Funds rate in September, we have seen interest rates of all durations move up in the first week in October. Savings rates too have risen, causing the best rates in BestCashCow’s... Read →
BestCashCow's Best Bets in Online Savings and Money Market Accounts for 2019
The Federal Reserve moved in September 2018 to a 2 – 2.25% Fed Funds rate, and savings and money market rates are now firmly above 2%. Interest rates are poised to go up again in December 2018. Unless Trump fires Jay Powell, the... Read →
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A Lesson for your Kids about Math and Money
It’s very hard to figure out when and how to discuss money with your children. It’s almost as difficult, surprisingly, as talking with them about sex. But there is an easy way, one that also gives them at the same time an... Read →
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Ray Dalio’s Advice is Not For You
Ray Dalio is a Greenwich-based hedge fund manager. I don’t know Ray, but by all accounts he is a very successful operator with excellent performance and a smart guy. Dalio has recently been playing his hand at making far out... Read →
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Are Some Online Banks So Deceptive that They Should Not Be Listed on BestCashCow?
First, the good news. In its nearly 15 years, BestCashCow has very seldom had to deal with this issue. As the reviews across the site indicate, most people have outstanding experiences with the major online banks. For the most part, across... Read →
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