I'm tres psyched to find out Countrywide Bank is offering these 12-month CDs with an annual percentage yield of 5.65%. I haven't heard of anyone else offering that much on this kind of product. I have an ING checking account which offers interest at a relatively good rate and has served me well, but with the Fed threatening to lower interest rates, I don't know how long that will be available, so I transferred out some funds to get what I consider to be a juicy rate. Note that the FDIC will only insure a maximum of $100,000 with any one bank, so it's best not to keep more than that amount with any one institution. By the way, I'm no financial advisor (just someone who slacks off at work quite a bit to write this blog and hopes to occasionally pass on some useful information to her sisters and metrosexual brothers out there) and, to the extent you are holding a lot of cash in your portfolio, most professionals would probably tell you to invest in the stock market through a managed fund or otherwise. However, I have an apocalyptic view of the world and have never had much confidence in the stock market which I consider to be the most elaborate ponzi scheme ever known to mankind (Hey, I said I'm not a professional!). At any rate, I imagine most people, even those who are more financially savvy and less paranoid than I am, would not risk all of their capital in the stock market, so to the extent you are looking for the relative safety of this kind of product, I think this is a great rate. Power to the peeps!
Showing posts with label Saving Money. Show all posts
Showing posts with label Saving Money. Show all posts
Tuesday, September 11, 2007
Great CD Rate!
I'm tres psyched to find out Countrywide Bank is offering these 12-month CDs with an annual percentage yield of 5.65%. I haven't heard of anyone else offering that much on this kind of product. I have an ING checking account which offers interest at a relatively good rate and has served me well, but with the Fed threatening to lower interest rates, I don't know how long that will be available, so I transferred out some funds to get what I consider to be a juicy rate. Note that the FDIC will only insure a maximum of $100,000 with any one bank, so it's best not to keep more than that amount with any one institution. By the way, I'm no financial advisor (just someone who slacks off at work quite a bit to write this blog and hopes to occasionally pass on some useful information to her sisters and metrosexual brothers out there) and, to the extent you are holding a lot of cash in your portfolio, most professionals would probably tell you to invest in the stock market through a managed fund or otherwise. However, I have an apocalyptic view of the world and have never had much confidence in the stock market which I consider to be the most elaborate ponzi scheme ever known to mankind (Hey, I said I'm not a professional!). At any rate, I imagine most people, even those who are more financially savvy and less paranoid than I am, would not risk all of their capital in the stock market, so to the extent you are looking for the relative safety of this kind of product, I think this is a great rate. Power to the peeps!
Sunday, July 15, 2007
5 Ways I Save Money
I harbor what some might consider an irrational fear of becoming homeless. It helps me to remind myself of the many luxuries I forego in order to save money, at least when compared to some of my cohorts living in Manhattan:
1. I do not own a car. I wouldn't even if I had a license and could drive.
2. I make my own coffee in the morning so as not to buy it every day - especially not overpriced coffee from Starbuck's which I don't think is especially good, just ridiculously strong.
3. I buy mostly black clothing that I can wear over and over without anyone noticing (or so I hope).
4. I have no need of a personal fitness trainer. Some people tell me they need a trainer to help keep them motivated. If I am not motivated to go to the gym, I simply do not go. And if I get tired while I'm there, I just give up and go home.
5. I do my own housecleaning. I used to hire a housekeeper to clean my apartment twice a month, but I decided to cut back on unnecessary expenses when I made the financial commitment to buy a place. (Lest anyone should feel sorry for her, just know that she was really racist and rearranged my furniture without permission.)
Finally, while not recommended, I date someone who is extremely cheap and chastises me for buying things (even when it is with my own money and he is not the least bit affected). Therefore, to keep the peace, I avoid making many purchases that I cannot hide from him.
1. I do not own a car. I wouldn't even if I had a license and could drive.
2. I make my own coffee in the morning so as not to buy it every day - especially not overpriced coffee from Starbuck's which I don't think is especially good, just ridiculously strong.
3. I buy mostly black clothing that I can wear over and over without anyone noticing (or so I hope).
4. I have no need of a personal fitness trainer. Some people tell me they need a trainer to help keep them motivated. If I am not motivated to go to the gym, I simply do not go. And if I get tired while I'm there, I just give up and go home.
5. I do my own housecleaning. I used to hire a housekeeper to clean my apartment twice a month, but I decided to cut back on unnecessary expenses when I made the financial commitment to buy a place. (Lest anyone should feel sorry for her, just know that she was really racist and rearranged my furniture without permission.)
Finally, while not recommended, I date someone who is extremely cheap and chastises me for buying things (even when it is with my own money and he is not the least bit affected). Therefore, to keep the peace, I avoid making many purchases that I cannot hide from him.
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