I began BestCashCow’s November newsletter by saying that it was hard to get excited about cash. It is still hard to get excited about cash with the Fed Funds target remaining at a range of 1.50% to 1.75%. But, in the last month,... Read →
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 →
Sophisticated stock traders have gravitated towards TD Ameritrade over the years.
For over a decade, TD Ameritrade has had the best trading platform in the online trading business, and with the Sink or Swim acquisition they also have a... Read →
The last few months have seen the emergence of non-bank savings products that purport to be FDIC-insured often to amounts higher than the FDIC limits that online banks are able to offer ($250,000 for individuals, $500,000 for... Read →
The media and Twitter have been abuzz since Donald Trump made an unplanned visit to Walter Reed Medical Center in Bethesda yesterday morning. Respected media observers, including CNN’s Sanjay Gupta, have highlighted how unusual it... Read →
The Federal Reserve lowered the Fed Funds target to 1.50% to 1.75% on October 31, marking its third rate cut this year and causing many of the most recognized online banks to lower their savings’ offers below 2%.
The paradox is... Read →
In 2013, Donald Trump entered into a 60-year lease from the General Services Administration for the renovation of the old post office to become the Trump International Hotel in Washington. The property is leased for $180 million and in... Read →
The Federal Reserve moved to lower the Fed Funds target rate today by 25 basis points to a range of 1.50% to 1.75%.
This move marks the third rate cut this year.
The Federal Reserve has now "reversed" three of its four hikes... Read →
I am as overwhelmed as anyone by the prescience and power of the American Constitution. It is worthy of accolades for its boldness, brilliance and vision and for its prescient guidance for a vibrant and caring society. But was ratified... Read →
Here are some things that could be interesting in a normal environment:
Hearing Joe Biden defend himself and his son Hunter from allegations of misconduct.
Seeing Elizabeth Warren’s latest handout proposals to generate... Read →
These are dark days for our country, if not yet for financial markets.
While we have survived and even prospered with President Trump for three years, he is now highly unsteady.
Putin recognizes this. So too does Erdogan. Their... Read →
This time last year, everyone was getting very excited about savings rates moving well above 2%, about 1-year CDs at 2.85% and above, and 5-year CDs at 3.50%. Those with cash were finally finding risk-free opportunities for their savings... Read →
The Federal Reserve acted today to lower the target Fed Funds rate by a quarter point. This follows the July 31 quarter point reduction of the rate. The Fed Funds rate had stood at a post-crisis high of 2.25% to 2.50% earlier this year,... Read →
A well-known online bank recently dropped its savings rate by 15 basis points, and that action prompted me to close my account there and move the entire balance into a one-year CD at another bank.
When the bank’s manager called to... Read →
Trump tweeted at 8:22 AM this morning:
"I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut - and big dose quantitative tightening didn’t exactly help either. Where... Read →