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Merit Not Racism Image Courtesy: Thirteen.org

Merit Not Racism

In a recent front page New York Times article, the authors decried the loss of black and Hispani... Read →

Have Home Equity and Mortgage Rates Bottomed? Image Copyright: BestCashCow

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 ... Read →

Absolutely Impossible to Predict the Direction of Short-Term Interest Rates Now Image Copyright: BestCashCow

Absolutely Impossible to Predict the Direction of Short-Term Interest Rates Now

The two most common questions that we get at BestCashCow are “which direction are interest rates going?” and “how do I position myself now if the Fed raises or lowers?”

The answer to the first question d... Read →

Uber and Lyft Are At Least 7x to 10x Overvalued Image Courtesy: BBC

Uber and Lyft Are At Least 7x to 10x Overvalued

I am watching Bloomberg and CNBC this morning as Uber prepares to come public.   The discussion among analysts is on whether Uber and Lyft should be trading at 4 times sales or 6 times sales.   Lyft is a pure play US ... Read →

May 2019 Update – The Fed May Be On Hold for a While Image Courtesy: Explore Banff

May 2019 Update – The Fed May Be On Hold for a While

The Federal Reserve concluded its 2 days meeting yesterday and acted unanimously to hold the Fed Funds target rate to 2.25% to 2.50%.   Guidance continues to be for no more rate changes in 2019, as the Fed previously indicated ... Read →

Avoid The TIAA 4-year Diversified Assets Marketsafe CD

I’ve written about TIAA’s “Marketsafe CD” products, and those issued by Everbank prior to its acquisition by TIAA.   I’ve suggested that the offering of these products violates the 1933 Securities ... Read →

65 Stupid; 70 Crazy; 75+ Unhinged and Totally Out of Time Image Courtesy: Pexels

65 Stupid; 70 Crazy; 75+ Unhinged and Totally Out of Time

In the best of times, the stock market goes up and down, always without advance notice.  And those ups and downs can never be predicted precisely.  But, when they go down big time, it is often after a period of sustained growth... Read →

Sell In May And Go Away? Image Courtesy: Pexels

Sell In May And Go Away?

We have all heard the old stock market adage: “Sell in May and Go Away.”   But, anyone who has followed the market for the last few decades knows that the adage only held true in 1999 and 2008.   Even if y... Read →

Avoid Municipal Bonds For Now Image Courtesy: Pexels

Avoid Municipal Bonds For Now

Those paying taxes this month in States like New York, New Jersey and California have been hit with quite a wake up call over the last few days.

Our tax bills, as a result of the 2018 Republican tax cuts, are much higher, espec... Read →

Another Benefit of No Penalty CDs Quickly Comes to the Fore Image Courtesy: fla-keys.com

Another Benefit of No Penalty CDs Quickly Comes to the Fore

Six months ago, I wrote on BestCashCow about the benefits and disadvantages of No Penalty CDs.    At the time, m... Read →

April 2019 Update – With the Fed on Pause, Here are 5 Savings and CD Products to Consider Image Courtesy: Vancourier.com

April 2019 Update – With the Fed on Pause, Here are 5 Savings and CD Products to Consider

The Fed’s March meeting ended with guidance that it is going to keep the Fed Funds rate on hold until at least early 2020 and the Trump Administration is actively campaigning for an immediate reduction in the rate in order to fight... Read →

Avoid CNote and Other So-Called Savings Alternatives Image Courtesy: Pexels

Avoid CNote and Other So-Called Savings Alternatives

I was recently contacted by a journalist from a very well respected and widely circulated financial publication.   She wanted my opinion of something called CNote, having already spoken with others (inside and outside the finan... Read →

Barr’s Summary of the Mueller Report is Out: Where Does the Country Go From Here? Image Courtesy: CNN

Barr’s Summary of the Mueller Report is Out: Where Does the Country Go From Here?

The Mueller report is out and while we only have a summary written by Bob Barr, we do know that Mueller failed to find collusion by Trump and his children with Russia to change the outcome of the election.   As it stands right ... Read →

Federal Reserve Holds the Fed Funds Rate at 2.25% to 2.50% and Suggests It is Done Raising Until 2020 Image Courtesy: Washington Post

Federal Reserve Holds the Fed Funds Rate at 2.25% to 2.50% and Suggests It is Done Raising Until 2020

The Federal Reserve acted unanimously today to hold the Fed Funds target rate at 2.25% to 2.50%.   Whereas the Fed had previously guided to two raises in 2019, it now indicates that there will be zero.   Fed Chair Jer... Read →