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(Rates may be out-dated. Please see the Current APY Wiki for updates) Can you believe it? This morning the Fed issued an emergency rate cut down to 1.5% (from 2%). While this is not unexpected – Wall Street has been crying and blubbering about a rate cut for a while now – the reaction of Dollar [...] Dear Economy, I am sorry to hear that you have not been feeling well lately. However, I have some news that might cheer you up! Last night, my wife and I did something that we haven’t done in a long time. No, not that, you pervert. Ahem… we drove our car. Furthermore, we bought [...] A wise friend once told me when I first decided to buy mutual funds: Just stick money in the fund(s) and FORGET ABOUT IT. Resist the urge to log in and check it every day. You’ll only give yourself ulcers! I think it’s terrific… fantastic… nay, stupendous advice! There is just one problem:
I have [...] Once again, the Fed slashed interest rates – now down to 3%. Ouch. This is BAD news for savers. Watch for interest rates to continue their plummet. I predict that ING will be one of the first to slash rates (as usual). Where/When will it stop? Let’s take a look at past rates. Here is a link [...] If only I traded individual stocks – yesterday I would have bought shares in E-Trade! Their stock sank about 60% upon worries that they might actually go bankrupt. E-Trade’s President also posted this message: This is a challenging time for the financial services industry. Bad news in the credit, housing, and stock markets continues to dominate [...] Earlier this week the Fed slashed the Funds Rate another 0.25%., which means that savings account rates nationwide will undoubtedly begin another session of racing toward absolute zero. ING Direct seems to be leading pack, as their rate just dropped down to 4.2% APY. Guess what? I don’t care. Ever since I simplified my setup, more [...] In the past few days, we have witnessed the 50-point rate slash by the Fed and parity between the US and Canadian dollar. Now, savings interest rates have been dropping like flies. Is the sky falling? Yes. Yes it is. Run for cover now before it’s too late! Abandon all of your worthless US dollars before [...] |
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