June, 2009

The Problem With Market Timing

I’m in the process of consolidating all of my investment accounts at Fidelity. This isn’t because I think Fidelity is “the best”, but because I think they’re good and they’re certainly convenient. There’s a Fidelity “investor center” not far from my home. (In other words: I’m not endorsing Fidelity; I’m merely following my own advice ...

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Discover Miles Card: Rewards / Travel Credit Redemption Info

Well, looks like I’ve squeezed all the free money out of another credit card offer. This time it is the Miles Card by Discover. It used to have a good 12-month no-fee 0% balance transfer offer, but has recently added a balance transfer fee. However, it does offer 0% on purchases ...

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U.S. Will Likely Drop Case Against Swiss Bank Accounts

In February, I wrote that the United States was suing Swiss bank UBS in order to get the offshore institution to release the names of the wealthiest 19,000 of the 52,000 American bank account owners. These depositors have managed to evade paying United States income taxes on the interest earned within these foreign accounts. The New ...

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Could Obama’s Aid For ‘Little Guy’ Hurt Little Banks?

One part of Obama's plan for regulatory overhaul would create a consumer financial protection agency to toughen consumer protections and identify bad business practices, but many smaller bankers say the new agency would unfairly burden them.» E-Mail This     » Add to Del.icio.us Read more about Could Obama's Aid For 'Little Guy' Hurt Little Banks?...

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Elder Americans Seeking Mortgage Loan Modification

Older Americans Legal-aid advocates are noting that elder Americans are being left out of the mortgage loan modification program due to their low-income status. An unprecedented number of elder citizens are facing foreclosure because they were sold loans they could never afford. Many times, they were sold these loans fraudulently and with intentional misinformation. A few years ...

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