The “Credit Cardholders’ Bill of Rights” and You May 21, 2009
Posted by Jordan Chin in : Off Beat , add a commentJust yesterday Obama signed into law what has been dubbed as the “Credit Cardholders’ Bill of Rights”. This law in effect claims to “restrict credit card practices and eliminate sudden increases in interest rates and late fees that have entangled millions of consumers.” So what exactly does this mean for financial savvy consumers like you? MSN and CreditCards.com investigates…
* Limited interest rate hikes
* More time to pay monthly bills
* Highest interest balances paid first
* Limits on over-limit fees
* No more double-cycle billing and lower subprime fees
Jim Cramer is a joke..did I even need to tell you? August 20, 2007
Posted by Andy Robinson in : Off Beat , 1 comment so farHis shtick is turning Wall Street into a circus by throwing chairs and ranting until his face turns red. I find some of the antics entertaining, but always thought that he was one of the worst sources of information possible for the average investor. His show is more fitting for a trader than an investor, and so it should not be surprising that Cramer’s picks haven’t beaten the market (in fact, even significantly underperformed) for the two years that he’s hosted the show Mad Money. I mean, I really love to say “bulls make money, bears make money, pigs get slaughtered” because it’s funny, but I have a sneaking suspicion that the “pigs” refer to those unfortunate enough to invest based on Cramer’s advice.
Tax Freedom Day on April 30th! March 28, 2007
Posted by Andy Robinson in : Off Beat , 1 comment so farThe Tax Foundation has been calculating the US tax burden annually since 1937 and analyzing the length of time it takes citizens to work to pay for various types of taxes. They do this by comparing gross tax receipts with the income statistics. This year, the last day that we’ll be working for Uncle Sam and our state and local governments is April 30th, two days later than last year. The foundation’s web site (click here for link) offers more detailed information if you suffer from low blood pressure this morning. In honor of tax freedom day, let’s look at reducing our current tax burden by increasing our 401k plan (or IRA, SEP, etc.) contributions, which are tax deferred, or reducing our future tax burden by funding a Roth IRA.
Correct This! March 9, 2007
Posted by Jordan Chin in : Off Beat , 1 comment so farGiven last Tuesday’s market correction, whether we’re done with a beating remains up for debate. We’d like to hear from you on this topic…