Washington Mutual was taken over by the FDIC today (Thursday). But for most account holders, there is no reason to panic. All deposits, even those over $100,000 FDIC limits, will be taken over by JPM Chase, and are still safe. From the WSJ: While … [Read the rest]
WaMu Fails, Bought By JP Morgan Chase: What Happens To My Money?
September 25, 2008 By 67 Comments
Last updated: August 9, 2018
Zecco Gives Unlimited Free Stock and Options Trades in October
September 25, 2008 By 21 Comments
Apparently Zecco.com, a start-up brokerage where I keep most of my "play money", didn't do so well during the last week. People report having problems logging into their accounts due to all the market turbulence. I was luckily not affected, as I … [Read the rest]
Last updated: October 24, 2012
Bank Bonuses: Citibank, Bank of West, Provident Bank
September 25, 2008 By 9 Comments
Citibank You get a $100 bonus when you open an eligible Citi checking account with $1,000 and complete one direct deposit or repeated billpay usage. New customers only. Seems also to be for Citi credit card holders only. Within the first month … [Read the rest]
Last updated: August 9, 2018
WaMu Raises Savings Rate to 4.00% APY
September 23, 2008 By 58 Comments
Washington Mutual has raised the rate on their Online Savings + Free Checking combo to 4.0% APY. This is now the highest of the no-minimum no-fee savings accounts. Curiously, HSBC Direct actually dropped their rate to 3.25% APY earlier this … [Read the rest]
Last updated: October 14, 2011
How We Tried To Save Money On A Trip To Spain
September 23, 2008 By 27 Comments
The tickets are booked and hotel reservations are made for our trip to Spain. Of course, all this economic turmoil makes me a bit nervous, but the fact that we finally finished saving up for our 6-month Emergency Fund makes me much more comfortable. … [Read the rest]
Last updated: August 19, 2012
Travel and Money: Best Way To Get Cash, Best Credit Cards, and Safety Concerns
September 19, 2008 By 39 Comments
I wouldn't say my wife and I are well-traveled, but we do try and experience other cultures whenever we can. Given work constraints and Corporate America's hatred of vacations (2 weeks a year??), we are lucky if we can manage one trip per year. … [Read the rest]
Last updated: January 5, 2016
Want To Bail On Your Stocks? Answer 2 Questions First.
September 18, 2008 By 28 Comments
In response to a few reader questions, all relating to moving their investments into something safer: Question #1: Why do you really want to sell? Can you predict future movements of the stock market? I can't. If you could, then you should … [Read the rest]
Last updated: September 20, 2008
September 2008 Investment Portfolio Update
September 18, 2008 By 24 Comments
Given recent events, I suppose I should take a look at how my investments are doing. I am also planning to make some large-ish 401k contributions and need to figure out which asset classes to buy in order to rebalance my portfolio. … [Read the rest]
Last updated: October 1, 2008
Money Market Fund Breaks The Buck: What’s Safe Now??
September 17, 2008 By 31 Comments
One of the largest and first money market mutual funds ever has broken the buck yesterday. The Primary Fund, run by The Reserve, with $65 Billion in assets, saw it's per-share price drop from the standard $1 to 97 cents, due to it's holdings of … [Read the rest]
Last updated: September 17, 2008
Financial Meltdown Explained: Greed, Leverage, and Keeping Up With The Joneses
September 16, 2008 By 46 Comments
Yesterday on CNBC, the Bank of America CEO Ken Lewis talked about the financial meltdown. He pinned on a few things: greed, leverage, and keeping up with the Joneses. Lots of homeowners out there are in trouble with their mortgages. Some got … [Read the rest]
Last updated: September 16, 2008
Is Money The Secret To A Happy Marriage?
September 15, 2008 By 42 Comments
The New York Times had an article this weekend called The Key to Wedded Bliss? Money Matters*. It was kind of hit and miss for me, but I did like one particular quote: “A lot of the debates people have about money are code for how we want to … [Read the rest]
Last updated: September 15, 2008
Stock Chart Simulator: Would You Make A Good Day-Trader?
September 12, 2008 By 43 Comments
Have you ever daydreamed about becoming a daytrader? Sitting at home in your pajamas, making some clicks here and there, and making money out of nothing. Much of daytrading is based on technical analysis, of which Wikipedia says: Technical … [Read the rest]
Last updated: September 12, 2008
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