How to Save Money: Part Two

Here are some more ways to save money: 1. Stream Movies: Buy Netflix and Ditch Cable Netflix only costs $7.99 while your monthly cable bill can reach over $120 a month. This means, if you buy a projector ($65.59) and invest in a Netflix account, you could save nearly $1,280 a year. Of course, this means [...]

By |January 14th, 2014|Uncategorized|3 Comments

Best Stock Pick for 2014

My Favorite Stock Pick for 2014 Cliffs Natural Resources (ticker: CLF) is my favorite stock pick for 2014. In 2012, Cliffs was trading at over $70 a share, and now stands at $22, hitting its low of $15 in July 2013. The stock price is still extremely depressed - in fact, the stock price today [...]

By |January 14th, 2014|Uncategorized|5 Comments

How to Save Money

There's no question, it is hard to save money. Most of us have monthly debt payments on credit cards or loans, mortgage payments or rent, food costs, etc... the list goes on and on. So, how can you save money? Here are some saving money tips: 1. Pay Down Debt First to Avoid Interest Payments [...]

By |January 13th, 2014|Uncategorized|3 Comments

Weekly Roundup #4 – Janet L. Yellen Confirmed as First Chairwoman

Financial Market Updates Source: mlive.com Although nobody was surprised by the news, Janet L. Yellen was confirmed as the first Fed chairwoman. She will be taking office on Feb. 1st, three days after the FOMC meeting ends. Guess we're stuck with Bernanke for one more session. Despite all of the recent talk about [...]

By |January 12th, 2014|Uncategorized|0 Comments

Average Student Debt: How to Reduce It

Source: Huffington Post What is the average student debt? The average student debt is $35,200 for the class of 2013 according to a Fidelity survey. Most student debt comes from private and state loans, while about 30% comes from credit card and personal loans. What debt to pay first Beyond required monthly payments, [...]

By |January 11th, 2014|Uncategorized|3 Comments

Funding Strategies for Retirement

While it may seem inconsequential, the order in which you fund your investment accounts does indeed matter! Generally, accounts should be funded in the following order: 401(k) or Qualified Employer Sponsored Retirement Plan Traditional IRA and/or Roth IRA 529 Plan (if applicable) Individual/Joint Accounts When saving for retirement tax advantaged accounts should always be funded first, as your money [...]

By |January 11th, 2014|Uncategorized|0 Comments

Is the unemployment rate still a reputable indicator for the health of the labor market?

The US employment situation was surprisingly weak. Nonfarm payrolls rose only 74,000 in December while economists were expecting 200,000. But, the unemployment rate fell from 7.0% to 6.7%. So, what's going on? Source: Jimaging The Unemployment Rate Is Not A Good Indicator Anymore The problem with taking the unemployment rate at face value [...]

By |January 10th, 2014|Uncategorized|2 Comments

Fast Cash Fridays: Churning Credit Card Bonuses

Fast Cash Fridays is a weekly series aimed at providing you tips on how to make money fast (not necessarily easily). Please tune in every Friday for your newest making money fast tip. How to Make Money Fast by Signing Up for Credit Cards In an attempt to lure you into their snares, many credit [...]

By |January 10th, 2014|Uncategorized|0 Comments

Markets Flat Ahead of Employment Situation

The market remained flat despite strong US job numbers released this morning - jobless claims fell 15,000 to 330,000. Still, the big test of the week will be tomorrow's Employment Situation. It is widely expected unemployment will stay at 7.0%. It is unclear how the market will react to the unemployment number. As unemployment falls, [...]

By |January 9th, 2014|Uncategorized|0 Comments