I started listening to a podcast from Financial Times in the UK, The FT Money Show, because I’m interested in how people in other countries deal with their finances. I’ve heard the expression that “England and America are two countries separated by a common language.” It is true. Just from listening to two recent shows, […]
Latest Blog Posts
I’m Refinancing My Mortgage
Among the stock market chaos, the bond market had a rally, which brought down the mortgage rates. I’m refinancing my mortgage. I already locked my rate but I don’t have time to write it up as a detailed blog post yet. If you think you might also benefit from a mortgage refi, you can read […]
How Low Can It Go? Part 2
I’m sure you already know the stock market had a good drop since 2008 began. It’s time to update the table I did last August on the greater-than-10% stock market declines in the last 20 years. When I did the table last time, the market made a bottom on the same day. Let’s see if […]
Habit Changing Is Hard
I’ve seen many stores selling those environment-friendly reusable shopping bags made of cloth or thick plastic, but I’ve seen very few people buying them, and even fewer people actually using them. I think bringing your own shopping bag is a great idea. Most of the shopping bags are used for no more than 5 minutes. […]
Buy Now Or Buy Gradually Over Time?
A reader asked a question in the comments to my previous post Bought REITs Again. I’m answering it in a new post because the question is quite common. “If you were to set up a new IRA and pour some cash into it (200K), would you go ahead and dive right in or wait and […]
My Flexible Spending Account Sent Me a Debit Card
As if I don’t have enough cards in my wallet, the vendor for my employer’s health care Flexible Spending Account (FSA) sent me a MasterCard debit card. I’m supposed to use it for items eligible for reimbursement from the FSA. The pitch from the FSA vendor is that I won’t have to file reimbursement claims […]
Best Finance Blog for People Ready to Save or Invest
Marc Hedlund is the co-founder and Chief Product Officer of the popular Web 2.0 personal finance site Wesabe. He wrote the three personal finance writers you should read in 2008 on the Wesabe blog. My blog was selected as the Best Finance Blog for People Ready to Save or Invest. Here’s what Marc had to […]
Bought REITs Again
After my FFCB bond was called in December, I’ve been mulling over what I should do with the proceeds. I decided to use the money for my 2008 IRA contribution and buy more REITs there. The Vanguard REIT ETF (VNQ) dropped 25% in the last 3 months, causing it to be the asset class which […]
Looking Inside a Credit Card Portfolio
I was searching for some information about my credit card the other day and I accidentally stumbled upon a collection of interesting documents. They are the offering documents for Bank of America’s borrowing backed by its credit card receivables. Bank of America lends money to credit card holders. It borrows the money from the capital […]
Better Gift Cards
It’s holiday time. Many stores are pushing gift cards and gift certificates. I heard a radio ad for a lottery gift card! You give someone a gift card so they can buy lottery tickets. Isn’t that insane? The lottery has long been said as a tax on the poor. You give someone a gift so […]