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Jack Bogle, Index Investing and BestCashCow
Jack Bogle pioneered the investing world and the mutual fund industry. He taught the world that they should not be paying fees for performance, and that seeking to be average will outperform over the medium-term and the long-term. He... Read →
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Alexandria Ocasio-Cortez – Everything for Everyone - While Rome Burns
29 years old, street smart, and wonderfully idealistic, Alexandria Ocasio-Cortez is enjoying a spectacular ascent in the political world. She is bright, engaging, and strong. At 29 years of age, she is, in fact, the youngest... Read →
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Nothing Could Be More Dangerous Than to Buy a Bond Fund Right Now
Occasionally, financial planners reach out to me and want to connect on LinkedIn and social media. While I do not hold financial planners in very high esteem since, they are always selling their latest product. I occasionally connect in... Read →
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Platinum Card Is No Longer Accepting Delta Gift Cards Against Airline Credits
American Express’s Platinum card once gave cardholders a $200 annual credit against airline purchases. Several years ago, Amex “upgraded” its program by only applying the $200 annual credit against incidentals at a... Read →
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Jim Cramer Says to Buy CDs
Amazingly, Jim Cramer, the biggest proponent of the stock market was interviewed on NBC’s Today show the other day and couldn't say anything other than to buy CDs. It is a video so extraordinary that you need to watch it... Read →
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I Am Just Not Too Excited About a 1-Year CD at 2.85% APY
There are several well-known online banks that are offering 1-Year CDs at 2.85%. In fact, some banks may even be a little higher. You can see the list of the best online 1-year CD rates here. You may also find better one-year CD rates... Read →
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How Obvious Is It That Someone Knew Celgene Was Going to Be Acquired?
Yesterday, as the stock market was opening the year 2019 on a down note, Celgene was making a move from 63 to 67. The options premiums on all long-dated options were spiking higher. And, there was no news on Revlimid or any other... Read →
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Wall Street Analysts Are Writing Their Own Fake Narrative About Inflation
I cannot do it anymore. I just cannot watch CNBC or Bloomberg. It isn’t because the market is falling (it is). And, it isn’t because I cannot bear to hear the usual batch of cheerleaders (so-called “analysts”)... Read →
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Wall Street Journal Article Suggests that Banks Cannot Sustain Travel Reward Credit Card Sign-Up Bonuses
The Wall Street Journal started the year off with an interesting article that seems to say that the credit card flipping game is about to end. It suggested that Chase – which controls many of the most valuable sign-up bonuses - can... Read →
Our Predictions for 2019
Because my predictions for 2018 have proven to be largely correct I have been emboldened to release my predictions for the coming year. I correctly predicted online savings and money market rates going above 2% before October 2018,... Read →
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Now Is A Good Time to Build a Wall - Around Your Savings
If you are like most Americans, you have just learned that you have been kidding yourself for years. We believed that the economy could grow quickly in spite of the 2016 election outcome. We believed that the Republican Congress could... Read →
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Mattis's Mistake
General James Mattis is a man of extraordinary accomplishments, genuine intellectual heft, and impressive wisdom, and his experience and mindset is distinctly North American and shaped by years of experience in the American military. He... Read →
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2.05% or 2.10% is No Longer A Competitive Online Savings Rate
It has been 3 days since the Federal Reserve raised the Fed Funds target rate to a range of 2.25% to 2.50%. Over the past year, with each raise, the major online banks have competed to be first to move their savings rate within the new... Read →
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The Federal Reserve Raises Fed Funds Rate to 2.25% to 2.50%, Indicates 2019 Will Be Slower
The Federal Reserve, acting today in its final 2018 meeting, voted to raise the Fed Funds rate by 25 basis points. The Fed funds target rate is now 2.25% to 2.50%. This hike represents the fourth hike of 2018, and since Jerome Powell... Read →
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