Posts Tagged ‘banking’
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7 February 2010
Web 2.0 Personal Finance
What does personal finance look like in the future? Most people haven’t even caught up with today. There are many options available and tools that people haven’t even considered.
Are paying for things that are available for free? Are you paying far too much for other things? The Internet has made the market much smaller, but it has also filled it with noise. What Web 2.0 opportunities are you missing out on?
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17 January 2010
How to Choose a Savings Account
While it is easy to spend all the money which comes in from your wages, and then some, today is the day you will start a savings plan and start using your money more wisely, for two reasons:
Firstly you’ll see how important it is to have a savings plan.
Secondly you’ll see how easy it is to open a dedicated high interest saving account which practically manages and runs your savings plan for you.
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29 November 2009
Four Ways To Focus Your Finances Tomorrow
How many of your financial woes could be solved simply with improved focus?
Find four ways that you can improve your financial focus and get control of your financial life, starting tomorrow. Even very simple changes can help get your mind working on the right issues.
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21 June 2009
The Problem with Uncertainty
Many revisionists are now taking aim at government reaction during the 2008 economic crisis. Moreover they are indicting the stimulus and the thinking that powers it.
The question however should not be whether the government has done too much or too little, but when it will stop doing things. While the government can act as a stabilizing force more typically it brings uncertainty.
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16 April 2009
Is the Financial Sector a Utility?
I am a fervent believer in free markets. More specifically I believe that they, much like Democracy, are flawed but vastly superior to any alternative. As various elements in the world decry the current financial crisis as an indictment of the flaws of capitalism, I wait patiently for them to suggest the proven alternative.
Despite this, I am left wondering if the financial sector is an exception to the wisdom of free markets.
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9 April 2009
CD Ladders: Some Personal Experience
Building a CD ladder can be a safe way to maximize your savings. Unfortunately the banks you deal with may have some other ideas. At a minimum they often want to make your life difficult.
In order to try to help you avoid some of the painful mistakes I have made, I share my experiences on CD ladders and some tips for maximizing your returns without too much pain.
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5 March 2009
Handling the Bank Bailouts
As of this writing, the Citibank closed the previous day’s trading at $1.20 per share. This gives them a market capitalization of just over $6 billion dollars. Specifically, this means all the common stock of Citibank is worth $6 billion dollars. In November, the US Government “injected” $20 billion and guaranteed $306 billion of Citibank’s assets. Citibank has been “bailed out” repeatedly and has had a total of $45 billion of taxpayer money channeled to it. This leads to one simple question:
How is Citibank Solvent?
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