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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 →

Oh, What a Surprise! Wealthy Americans Spend to Give Their Children an Edge

America is shocked by the discovery of parents trying to influence the outcome of their children’s success in admission decisions at selective colleges.  The newspapers and TV coverage have been replete with expressions of dis... Read →

Kyle Bass Says Interest Rates Will Be At Zero in 2020 Image Courtesy: CNBC

Kyle Bass Says Interest Rates Will Be At Zero in 2020

There are many people who believe that the 2008-2009 financial crisis marked a seismic shift in the interest rate paradigm and that interest rates will never go back to a pre-crisis “normal”.

When Jerome Powell beca... Read →

March 2019 Update - 5 Savings and CD Offerings to Check Out Image Copyright: BestCashCow

March 2019 Update - 5 Savings and CD Offerings to Check Out

We are pulling through the winter, and savings and CD rates are continuing to firm, but are not moving dramatically higher as the Fed now seems intent to hold the Fed Funds rate at 2.25% to 2.50% until later in the year.

Here a... Read →

Amazon and A Simply Disastrous Day for New York City Image Wikipedia

Amazon and A Simply Disastrous Day for New York City

I have lived in New York for about 22 years and that is long enough to have seen some awful days here.    

The magnitude and human impact of Amazon’s reversal and departure from Long Island City cannot... Read →