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drake / Upcoming

23rd Bank Failure of 2008 and Two Common FDIC Myths

First Georgia Community Bank was the 23rd bank failure of this year. Depositors at this bank have nothing to worry about. I've recently seen someone[...] read more »
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Mark Cuban's Blog and the SEC's Insider Trading Charges

The SEC charged Mark Cuban, internet entrepreneur and NBA Dallas Mavericks owner, with insider trading. I thought it would be interesting to see what[...] read more »
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Does Opening a Savings, CD, or Checking Account Impact Your Credit Score?

We’ve all heard stories about how applying for many savings or cd accounts can have an adverse impact on your credit score. Is this really true? To f[...] read more »
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Should I Invest In My 401(k)’s Stable Value Fund?

The pitch: "Cash with better interest". You get the safety and stability of principal found in a money market fund, but with the higher returns of [...] read more »
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Halloween Bank Failure - Not Something to Fear

We had a rare Halloween bank failure today. Freedom Bank was closed by Florida regulators and the FDIC arranged for all deposits, including those tha[...] read more »
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Checking Accounts with 6% Yields Guaranteed for a Year or More

With the Fed about to cut rates again, a 6% checking account may sound too good to be true. But there are a few out there that are not only 6%, but t[...] read more »
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Inside Look at ACH Transfer Speeds at Online Banks

An important feature of online savings accounts is the electronic transfer in which the customer can initiate while logged into his or her account. T[...] read more »
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Extended Auto Warranties - Worthwhile? Dangerous? Alternatives?

The consumer advocate Clark Howard strongly recommends against anything but extended warranties from manufacturers. He warns that aftermarket warrant[...] read more »
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OPEC Despises You, Stop Buying So Much Oil

Oil was less than $70 as recently as 2007. Now that demand for oil is falling, along with the price (which is in the $70s), it seems as though OPEC i[...] read more »
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Growth of Deficit Makes Tax Hikes Unavoidable

Don't believe what any politician tells you about taxes. Economic reality makes it certain that they will have to raise taxes at some point in their[...] read more »
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Buying More TIPS Inflation-Protected Bonds

The current real yields offered by TIPS of around 3% are also the highest in many years. There are deflation worries in the near future, but the only[...] read more »
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