I frequently hear people debating whether to pay off a home mortgage, which usually has a relatively low interest rate, or invest the money. Often the misguided answers to this question stem from only looking at the interest rate for the decision, as if it were the only valid variable. The following are the mistaken … Read more
Certificates of Deposit (CDs) come in two basic types, those you buy directly from a bank or other lending institution and those available from brokerage firms. Essentially the brokerage firms are offering bank CDs that can be traded like a bond. Brokered CDs are a special class of CDs offered by a lending institution with … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include proven strategies to master self-discipline, how to earn over 7% interest from the government, best hobbies for us retired folk, my ESI Money … Read more
I recently received a large sum of unexpected cash. An investment I had made a few years ago suddenly cashed out. When this situation comes up on social media it sparks a debate as to what to do with the money. Usually only two options are discussed: Invest the money (stocks or real estate) or … Read more
