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The following are my predictions for 2010. Of course these are just my predictions and by no means investment advice. For these predictions, I do not pretend to know the exact dates, I just believe they are coming. You should only use these as a means to do further research if you believe there is [...]
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Productivity can be measured by the amount of important things that we follow through with to completion. Of course important has to be our own definition.
The problem or challenge facing us regarding goal setting and “dreams’ is that we don’t look at how we are spending our time in any measurable way. We have no [...]
ShareAs we say good bye to another year, we turn our attention to new beginnings. This is my favorite time of year because it’s focused around spending time with family and friends. If you’re like most people, at some time over the next week, you’re going to be taking a look at your life and [...]
ShareIf you are like me, you will be doing a little last minute Christmas shopping this week. Sometimes it can be hard thinking of “cool” gifts that are within your budget, right? Last night as I was doing some of my weekly reading, I came across this list of affordable Christmas gifts under $10. If [...]
ShareQuite an interesting article on the debt problem in the U.S. As this article points out, when evaluating the debt burden, we have to consider the Federal, State and personal debt levels, not one or the other. Then we have the coming wave of entitlements that has to serve the baby boomers. The crash [...]
ShareHow To Automate Your Personal Finances in 2010
One of the first things to realize about putting your personal finances in order is that it is rather easy. Once you learn how to do a few things like putting your checking and savings accounts on auto-pilot, you will be on your way to solving the “mystery” [...]
ShareTo consider politicians are going to tame debt In an election year? Or at all for that matter?
No one can spin the numbers to say that the current track we are on is not going to have an impact on our future. At some point debt simply becomes unsustainable or and can’t be paid back. [...]
ShareAre you earning a measly .25% on your checking account? There are other options and they are EASY to qualify for. Last week I posted on the topic of rewards checking accounts. This week, after a fair amount of research, I opened an account with Coulee Bank, that is earning over 4% interest. Not bad, [...]
ShareIs the recession over? I really wish I could say yes however; until there is a market improvement in unemployment, it’s a hard argue to make.
ShareHere we have Greece’s results from following the theory that unrestrained borrowing is the solution to a slower economy. How long before the U.S. has trouble convincing foreign entities to continue lending us money?
Greek lessons for UK debt
Greece’s collapse into a borrowing crisis this week has been swift. As Sarah Arnott reports, it is a [...]
ShareWith real estate sales down, payroll taxes taking a hit from unemployment, the result is less money for government spending and promises. The following has serious implications on unemployment.
“The governor said the state is going to run out of money this month, even after it taps its rainy day fund and borrows money from other [...]
ShareIn the midst of the economy being in shambles, unemployment rising and with the need for lower taxes, our government just keeps spending money we don’t have. Ultimately, this will end badly. When there is no one left to buy our debt, we will have to resort to quantitative easing, hence the printing of money. [...]
ShareWith foreclosures expected to reach record levels this year, we can expect a drag and eventual lag on the economy for 2010. The government intervention is not going to slow this process from happening. This is a cleansing process and needs to take place.
U.S. Foreclosures to Reach Record 3.9 Million in 2009 (Update1)
By Dan Levy
Dec. [...]
ShareThere will be no fundamental recovery (overall) in the economy until housing recovers. Foreclosures, as bad as they seem, are part of the cleansing process and will not be prevented by government intervention. Remember the A B C’s of the economy…as goes housing, so goes the economy….
Banks Take Losses on Short Sales as Foreclosures Soar [...]
ShareWhether you have already retired or you are approaching that magical day, you certainly realize the low-interest rate environment we are in. With money markets yielding a miniscule .3% to .5%, how are you supposed to create a fixed income that pays your bills without taking on too much risk?
In 2008 we were reminded of [...]
ShareOne of my other blogs is about gold and silver, The Gold and Silver Vault I had 2 requests to write about the gold market and the recent correction. So, while this is a little off topic for The Wise Buck, I want people to understand how important allocating a percentage of your investment portfolio [...]
ShareWith interest rates for almost all savings accounts approaching 0%, finding an interest rate that “counts” can be hard. This becomes especially challenging for retirees trying to live off of a fixed income. Given this environment, we have to keep in mind that with rates so low, we are exposed to interest rate risk, which [...]
ShareIf you are out of work, the following article on 10 Companies Hiring Hundreds Now should be of interest. Pay more attention to the industries and types of companies who are hiring now. Think strategically; where are the trends? Figure out how to get in front of them and participate. Is it that simple? Yes. [...]
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Image by ∆∆∆crystalfrequencies∆∆∆ via Flickr
It’s no secret that with the increase in foreclosures, rising credit card defaults and unemployment, many people’s credit scores have taken a hit. I am not a proponent of taking on more debt, however; we can all benefit from a higher credit score when we apply for a car loan, mortgage [...]
ShareAs expected, the commercial property market is unwinding. This directly affects the residential housing market. How so? As the banks try to remain solvent, commercial defaults will lead to further toxic assets on the balance sheets of lenders/banks. This in turn will limit the amount of credit available in the aggregate. The problem is structural [...]
New Year's Resolution : Free Yourself!!!
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