Archive for the 'Finance' Category
For some Americans, the wait for tax refunds could be longer than expected
For millions of humans, one of the most anticipated treats of any year is getting that tax refund check in the mail from Uncle Sam. Folks file their taxes early in hopes of getting back their tax refunds as early as possible, but that year may prove to be a bit frustrating, as around 3 million t…
Technology hotshots struggle in Miami real estate market
Success in one field can often lead to hubris: a sense of brilliance, even invincibility, and a willingness to enter unrelated fields with the expectation of similar success.
Nowhere is that more evident than in the former Silicon Valley hotshots who are finding themselves in by their heads i…
ETFs handing investors big capital gains — to pay taxes on
Only a few humans really care, but there’s a mutual fund battle raging: Are exchange-traded funds superior to traditional mutual funds, or should investors stick with the classics?
According (subscription required) to the Wall Street Journal, a lot of ETFs will be distributing large amounts o…
Unpaid credit cards increasing at alarming rates
With consumer credit tightening that year in the fallout from subprime mortgage meltdown, are more Americans falling behind on their credit card payments? Yes they are, as the “cash machine” mentality many consumers isn’t jiving with the “must manufacture minimum payment” moniker those crazy pie…
I am a bull on MOO: the Market Vectors Agribusiness ETF
For investors looking for a global way to play the agricultural boom, check out MOO, the Market Vectors Agribusiness ETF (NYSE: MOO). The MOO ETF tracks the DAX Global Agribusiness index (who would have ever thought there even was such a thing).
What is interesting is that that is a truly glo…
Money Losers of 2007: American homeowners and the home values lost considering of the mortgage meltdown
It may be too early to put a final price tag on the amount of money American homeowners will lose considering of the mortgage meltdown. Lots of different folks have tried to do just that. I’ve decided to use the numbers from the Congressional Joint profitable Committee report, “The Subprime Lend…
What’s really wrong with Social defense?
In an excellent column for Forbes, Ken Kam explains what’s really wrong with Social Security. Forget the politics and the debate about its future solvency — Kam explains it that way: When his daughter was born, he realized that whether he could invest $2 thousand for her each year of her life a…
Remaining options for fixing the mortgage mess
With the first Bush Administration bailout attempt likely dead after Citigroup (NYSE: C) decided to put its troubled SIV assets onto its books killing the need for the Super SIV, you may be wondering what else the Bush Administration and Congress have up their sleeves to try to fix that mortgage…
Taking out a payday loan to pay the mortage — that’s silly!
A CNNMoney piece looks at the rise of payday lending in Ohio, aided (or perhaps exacerbated is a better word) by the subprime debacle that has given many home owners with toxic mortgages difficulty making their payments.
While folks probably aren’t using payday loans directly to pay their mor…
Are you among the 600,000 to be bailed out by Bush’s mortgage plan?
The Wall Street Journal reports that 600,000 subprime mortgage borrowers could be bailed out under the Bush mortgage plan. As the details of the plan emerge, it’s fitting clearer that the plan will punish those with high credit scores. reward some in the middle with mediocre scores, and punish t…
Five-year freeze on subprime rate could be announced tomorrow
Bloomberg reports that daylight that Treasury Secretary Henry Paulson and President George Bush may announce as early as tomorrow that negotiations amoung Federal regulators and U.S. lenders will aftereffect in a five-year freeze on subprime mortgages. Paulson will brief House Republicans nowadays o…
Barack Obama wants crackdown on predatory lending
Documentaries like Maxed Out and In Debt We Trust have looked the problem of ever-growing consumer debt, and the role that government has played in its expansion.
Now , Senator and Democratic presidential candidate Barack Obama wants Washington to play a role in the solution too. Here are som…
Congress denouncing credit card practices, but why now?
Congress is holding hearings nowadays to denounce the credit card practice of raising interest rates of customers who pay on day just considering their credit score went down. The real study should be of the credit reporting agencies and how they determine those mysterious credit scores. additionall…
Great gifts! The top 100 investment books!
Just in duration for the holiday shopping season, Stockerblog has released its list of 100 investment books — the site adds that these are just the final 100 books the site has mentioned in the past couple of years, but whether they’re good ample to discuss, that’s probably an endorsement of so…
