It's really easy to pull contributions or money out of investments during a tough economy.
But this presentation is quite convincing in arguing that 'Average Is Not Normal.' Essentially the stock market has averaged around 8-11% annual return. But that doesn't mean every year it has gains like that.
Look at this preso for more info:
Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts
Sunday, February 15, 2009
Wednesday, January 30, 2008
Thoughts on the Economy
I'm not a fan of the two recent Federal Reserve interest rate cuts. Twice... in eight days... 1.25% total (.75 and then .5 today). My Online Savings account (HSBC) rate dropped to 3.8% yesterday. I imagine it will drop another half percent shortly. Damnit!
I get the idea. Lowering interest rates discourage savings and increases spending at the macro level.
But why fuck over the people who aren't spenders? Do you really think the $300 or so dollars Bush will give me in the form of a check later this year will make me spend? No. I'll probably save it. Why? Because I want to be prepared. Life, emergencies, etc. Ya, sure, I'll take a vacation or go out to a nice dinner every so often. I would have done that anyways, with or without your $300 dollars and cut in interest rates.
If you want me to spend, make me feel better by making gas $1, like it was when I left High School in 2001. I feel like inflation of gas prices has a greater effect on the economy. I'm paying more to travel; I'm paying more for food because of the transportation to get food to the grocery store; I'm paying more for everything else that gas touches. Get it? Fix that. Invest and pour money into clean energy. Invest more into incentives for Hybrids and they people that drive them.
Don't make my bank account suffer. Your $300 will be pretty much useless to me. I'm pissed.
I get the idea. Lowering interest rates discourage savings and increases spending at the macro level.
But why fuck over the people who aren't spenders? Do you really think the $300 or so dollars Bush will give me in the form of a check later this year will make me spend? No. I'll probably save it. Why? Because I want to be prepared. Life, emergencies, etc. Ya, sure, I'll take a vacation or go out to a nice dinner every so often. I would have done that anyways, with or without your $300 dollars and cut in interest rates.
If you want me to spend, make me feel better by making gas $1, like it was when I left High School in 2001. I feel like inflation of gas prices has a greater effect on the economy. I'm paying more to travel; I'm paying more for food because of the transportation to get food to the grocery store; I'm paying more for everything else that gas touches. Get it? Fix that. Invest and pour money into clean energy. Invest more into incentives for Hybrids and they people that drive them.
Don't make my bank account suffer. Your $300 will be pretty much useless to me. I'm pissed.
Monday, January 28, 2008
First Credit Card: BankAmericard
My first Credit Card finally arrived in the mail over the weekend. I'm kind of excited. I don't plan on using it often, but I like the fact that it's my own.
It's a BankAmericard (released from Bank of America). Actually, I think they upgraded me to the Platinum Plus version, which I never knew existed. It has some extra perks on top of the normal rewards of a BankAmericard. I'm quite impressed with Bank of America's service thus far. They also started me off with a pretty low interest rate (beyond the initial 6 cycle 0% APR). I think it's something like 11.24%, which is really good for a rewards card for someone who has little to no credit history. I really should check my FICO score and credit history. I'll put it on the to-do list...
It's a BankAmericard (released from Bank of America). Actually, I think they upgraded me to the Platinum Plus version, which I never knew existed. It has some extra perks on top of the normal rewards of a BankAmericard. I'm quite impressed with Bank of America's service thus far. They also started me off with a pretty low interest rate (beyond the initial 6 cycle 0% APR). I think it's something like 11.24%, which is really good for a rewards card for someone who has little to no credit history. I really should check my FICO score and credit history. I'll put it on the to-do list...
Wednesday, November 14, 2007
Top 10 Best Resale Value Cars
I'm thinking in 2009 I'll probably look into getting a new car... if only to establish some credit for myself. I'm pretty practical, so there 'Top 10 Resale Value Cars' will most likely be on my test drive and research list.
These are the Top 10 for 1007, according to CNN/Money:
These are the Top 10 for 1007, according to CNN/Money:
- Chevy Corvette, 50% Predicted Retained Value after 5 Years
- Honda Civic Sedan, 52% Predicted Retained Value after 5 Years
- Infiniti G37, 52% Predicted Retained Value after 5 Years
- Mini Cooper, 52% Predicted Retained Value after 5 Years
- Scion tC, 52% Predicted Retained Value after 5 Years
- Scion xB, 52% Predicted Retained Value after 5 Years
- Toyota Corolla, 52% Predicted Retained Value after 5 Years
- Volkswagen Eos, 52% Predicted Retained Value after 5 Years
- Volkswagen Jetta, 51% Predicted Retained Value after 5 Years
- Volkswagen Rabbit, 51% Predicted Retained Value after 5 Years
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