Ten year tax free municipal bonds are now yielding 2.58%, which is an effective taxable rate of 3.97% if you are in the top 35% tax bracket. If the Bush tax cuts end next year, the yield jumps to 4.27% for people in the highest income tax bracket. For 30 year munis, the effective taxable […]
Read More...Archive for October, 2010
Stock Traders Almanac Predicts Dow Jones to 38,820 by 2025
Thursday, October 28th, 2010 | Comments Off on Stock Traders Almanac Predicts Dow Jones to 38,820 by 2025
What’s setting us up for a super rally? Editor-in-Chief Jeffrey Hirsch of the Stock Trader’s Almanac says that the bear market in stocks that started in 2000 has about 7 more years to unfurl, and then we will experience a “super boom” in stocks. So in 2017, expect a super boom in stock prices to […]
Read More...Wells Fargo Admits to Thousands of Foreclosure Errors
Wednesday, October 27th, 2010 | Comments Off on Wells Fargo Admits to Thousands of Foreclosure Errors
San Francisco, California based Wells Fargo admitted today that it made paperwork mistakes in thousands of mortgage foreclosure cases, but promised to fix the errors. The bank said it will be refiling 55,000 of the cases by mid-November, but declined to comment on exactly how many of these cases contained errors. Wells Fargo representatives said […]
Read More...Best California CD Rates Comparison – 10/27/10
Wednesday, October 27th, 2010 | Comments Off on Best California CD Rates Comparison – 10/27/10
Here is our latest California banking editor’s list of the best California CD rates at the moment. This list also contains the highest CA CD rates from national banks, too. Compare and contrast the highest California CD interest rates from local CA banks and financial institutions together with the best nationwide rates available in California. Shop around […]
Read More...How to Make Money Off of Rising Inflation
Wednesday, October 27th, 2010 | Comments Off on How to Make Money Off of Rising Inflation
Next week the Federal Reserve announces what it will do for QE2. Most investors are expecting bond buying and more monetary easing that will lower interest rates and make the dollar decline further to help spur our exports. Low interest rates have not spurred the economy so far, and a declining dollar has the possibility […]
Read More...Read My Lips: Inflation, Not Deflation is the Fear
Tuesday, October 26th, 2010 | Comments Off on Read My Lips: Inflation, Not Deflation is the Fear
Yesterday the Treasury sold $10 billion of 5-year inflation-protected securities, or TIPS, at auction. Something extraordinary happened which has never happened before. They were sold with a yield of negative 0.55 percent. Yes, a negative yield. Investors were willing to pay the Treasury 105 cents in order to buy $1 of inflation protection. This means the public […]
Read More...Electronic Credit Cards are Finally Coming
Monday, October 25th, 2010 | Comments Off on Electronic Credit Cards are Finally Coming
In November Citibank begins testing electronic credit cards. The cards will have two buttons that allow cardholders, upon paying at the cash register, to choose whether they want to pay the bill with their reward points or credit. To pay with the accumulated program points, card holders will press the request-rewards button before swiping the […]
Read More...Expect Your Breakfast Costs to Rise
Saturday, October 23rd, 2010 | Comments Off on Expect Your Breakfast Costs to Rise
Hungry stomach anyone? Our frugal finance editor points out that the prices of Chex, Cheerios, and Wheaties will go up November 15. General Mills has announced it is raising its prices by “low single-digit percentages,” so stock up on your breakfast cereals before then. On Jan. 3, 2011, the company says it is instituting slightly […]
Read More...Best California CD Rates Comparison Table – 10/20/10
Wednesday, October 20th, 2010 | Comments Off on Best California CD Rates Comparison Table – 10/20/10
Here is our California banking editor’s list of the best California CD rates at the moment. This list also contains the highest CA CD rates from national banks, too. Compare and contrast the highest California CD interest rates from local CA banks and financial institutions together with the best nationwide rates available in California. TERM RATE BANK […]
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