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Banking, Economy

“NY Fed to pump $75 bn into money markets daily through Oct 10”

“The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates. The Fed will… Continue Reading…

Banking, Investing

How To Make Money With Negative Yielding Japanese Bonds

“Money managers at BNY Mellon and Pacific Investment Management Co. have snapped up Japanese bonds. Both companies have made the country the second-largest geographic allocation in some of their biggest international fixed-income funds. Ordinarily that wouldn’t seem remarkable, but right now many of Japan’s… Continue Reading…

Personal Finance

“7 things people who are good with money never buy”

“They’re not buying brand-new cars… And they’re not leasing a new car constantly, either…They won’t buy houses they can’t afford…They’re not buying things on credit that they can’t pay for…They’re not buying luxury goods from brand-name designers…And they’re less likely… Continue Reading…

Economy, Investing, Stocks

Follow The Money: Investors Move From Stocks to Bonds

“Unable to stomach turbulence driven by the escalating conflict between China and the United States, and leery of a darkening outlook for the economy, investors have been pulling money out of the stock market and buying bonds, the traditional place to… Continue Reading…

Personal Finance

“…1 In 4 Have Lied About Their Debt To A New Love Interest”

“Sponsored by SelfLender, the survey found that about a quarter (24%) of respondents have lied to a new partner about their level of debt. The survey also revealed that many adults are deceptive about their financial situations in general. Three in 10 admit… Continue Reading…

Personal Finance

“Do you manage your money like a millionaire?”

“Millionaires take advantage of tax laws. …Whether it’s becoming involved in your 401(k) plan to reduce your taxable income, using cost-segregation studies to accelerate depreciation on assets, effectively using trusts, or even planning out when you’ll take your RMDs as… Continue Reading…

Uncategorized

“9 tricks casinos use to keep you spending your money”

“They make you play with chips instead of real money…There isn’t a clock in sight…They give you round after round of free alcohol…The floor is designed in a maze-like layout…They offer free room and board…They restrict your views of the… Continue Reading…

Personal Finance

Retiring? Go Abroad: “They ditched America to retire by a lake in Chile…”

“The Dorchaks say that their monthly expenses typically range from about $2,000 to $3,000, though this can vary a lot. Some of their largest expenses are food, which costs them about $300 to $400 a month (they grow a lot… Continue Reading…

Investing, Personal Finance

“Do you manage your money like a millionaire?”

“Millionaires take advantage of tax laws… Millionaires live below their means…Millionaires love reading and research…Millionaires get help with their money…Millionaires understand that credit and debt is a tool to be used sparingly…”