Saturday, May 11, 2013
Thursday, March 28, 2013
Saturday, March 9, 2013
Tuesday, January 29, 2013
Thursday, January 24, 2013
Friday, January 18, 2013
Wednesday, July 4, 2012
Monday, May 21, 2012
Hopefully you don’t have any high-interest-rate credit card debt that you don’t pay off every month, but if you do, you might be interested in the balance transfer deal currently being offered by PenFed Credit Union on all of its credit cards. There is no transfer fee, and you pay 4.99% APR for the life of the balances transferred by June 30, 2012. This seems better to me than the typical balance transfer deal where you pay a fee of 3% to 5% on the balance transferred, and then pay 0% on the balance for a limited time (typically one year, but perhaps up to 18 months).
Wednesday, April 25, 2012
“In which mutual funds should I invest in my new IRA?” This is typical of one type of question we get a lot on the Investing Help subforum of the Bogleheads investment forum. The answer is: “we can’t advise you until you tell us about all of your investment accounts” (e.g., IRA, 401k, 403b, individual, etc.). This is because the decision to hold an investment in one account should not be made in isolation; it should be based on all investments related to a particular goal; e.g., retirement. It may make sense to design separate portfolios for separate goals, for example college expenses, a house down payment, and retirement, but there should be one portfolio for each investment goal, regardless of the number of accounts used. A portfolio is simply the collection of investments designated for a particular investment goal.
Sunday, April 22, 2012
Saturday, April 21, 2012
Investors can be placed into one of two categories: those who base their investment decisions on the massive amount of academic research that has been done over the last 60 years (science), or those who base their investment decisions on the marketing machine of the ginormous financial industry (sales). Which category are you in? Which category of investors do you think is likely to do better in the long run?
Saturday, April 14, 2012
Tuesday, April 10, 2012
It has occurred to me that I might sound like a Vanguard shill or salesman to those of you who do not have experience with a number of mutual fund and brokerage companies, including Vanguard. I assure you that I receive no benefit of any kind in recommending Vanguard funds, other than the satisfaction of seeing my friends and family benefiting from using the best mutual fund company on the planet (there I go again!). So, what is so special about Vanguard?
Sunday, April 8, 2012
Saturday, April 7, 2012
Although more than half of the post I had written had disappeared from the draft version, a kind member of the Google Blogger forum informed me that the blog post was "cached", and provided a link to the cached version, so I was able to retrieve the full post, and did not have to rewrite it. It has since been posted (Vanguard LifeStrategy Funds).
Wednesday, April 4, 2012
Tuesday, April 3, 2012
Bogleheads, a term intended to honor Vanguard founder and investor advocate John Bogle, are investing enthusiasts who participate in the Bogleheads Forum. The forum's regular posters discuss financial news and theory, while also helping less experienced investors develop their portfolios. There are nearly 26,000 registered Bogleheads Forum users who normally make between 500 and 1,000 posts each day.
Sunday, April 1, 2012
My shortest blog post ever ... INOVA credit union recently dropped the rates on their 6-year CDs. They now match the rates on their 5-year CDs, so now I would go for the 5-year CDs unless you think rates are going to stay this low for more than five years. Here are the current rates (APY):
- Taxable 5/6-Year CDs: 2.10%
- Taxable 5/6-Year step up CDs: 2.00%
- IRA 5/6-Year CDs: 2.20%
- IRA 5/6-Year step up CDs: 2.10%
Sunday, March 25, 2012
Thursday, March 22, 2012
Update: INOVA has slashed its rates, so their 5-year and 6-year CDs no longer are competitive with the PenFed CU 5-year and 7-year CDs.
I discussed the INOVA Federal Credit Union 6-Year CD in my last post. In this post I share the conclusion of the process of transferring money from my existing IRAs into my new INOVA IRA, provide some contact information, and answer a few more questions about INOVA.