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How to use multiple savings accounts to grow your money and reach your goals
Think savings accounts are one-and-done? Hereâs the case for using multiple bank accounts to reach your financial goals.
The post How to use multiple savings accounts to grow your money and reach your goals appeared first on Discover Bank – Banking Topics Blog.
Series I savings bonds: A safe investment with a high return
I get a lot of questions about money. These questions tend to vary based on the asker and her needs, but there’s one question I get more often than any other: “What’s a safe investment with a high return?”
For the past decade or so, I’ve had no answer to this question. Savings accounts and certificates of deposit are safe, sure, but they’re no longer attractive investments. Since the Great Recession of 2008/2009, interest rates have remained shockingly low. This is by design. The government doesn’t want you parking your money in a savings account. They want that money out circulating in the economy.
Over the long term, the stock market offers excellent returns. But when people are asking for “safe” investments, they’re wanting avoid short-term volatility, which means stocks are out of the question. (And stuff like Bitcoin and precious metals are even more out of the question!)
Today, however, while catching up on my blog reading, I stumbled upon a link from Michael Kitces’ weekly roundup for financial planners. The story he shared blew my mind. Writing in The Wall Street Journal, Jason Zweig explains the safe, high-return trade hiding in plain sight. (This article is behind a paywall.) That safe, high-return trade? U.S. government Series I savings bonds.
These inflation-adjusted bonds are currently yielding 3.54% annually!
Gunnison County, Colorado VA Home Loan Information
Table of Contents What is the VA Loan Limit? How to Apply for a VA Home Loan? What is the Median Home Price? What are the VA Appraisal Fees? Do I need Flood Insurance? How do I learn about Property Taxes? What is the Population? What are the major cities? About Gunnison County Veteran Information […]
The post Gunnison County, Colorado VA Home Loan Information appeared first on VA Home Loan Centers.
How Much Can I Save By Going To Community College? – Money Under 30
In 1959, a young Air Force veteran moved to Los Angeles to break into the entertainment industry. He took a job as a clerk at Los Angeles City College so he could save for expensive acting lessons at Pasadena Playhouse. Learning of his plans, a colleague at LACC reminded him that classes there were free … [Read more…]
Mortgage and refinance rates today, Dec. 31, and rate forecast for next week
Today’s mortgage and refinance rates Average mortgage rates rose yesterday, over this week, and over this year. They fell across the whole of December, but not by much. Once again, […]
Putting Numbers on Mortgage Job Cuts; Valuation Vendor News; The FTC and Non-Competes; Letter on Affordable Housing
Attorneys across the nation have taken note that the Federal Trade Commission has proposed a rule that would bar companies from requiring employees to sign a noncompete agreement, which limits workers’ ability to leave for a rival or to strike out on their own in the same field. The FTC says barring noncompete agreements could raise pay by $300 billion annually. So the FTC wants to ban companies from telling their employees they can’t work for competitors, and says it’ll help workers make $300 billion more a year. From the East Coast, Brian B. points out that the FTC believes that this is a ârule changeâ and that approval from Congress, which is a near-impossibility these days, is not needed. Along with this, there are plenty of other topics that are of interest to originators, lenders, and vendors, so letâs jump in. Affordable Housing and Multi-Family Observations Affordable housing is a very hot topic, and Julie Cooper from Evergreen Home Loans writes, âConcerning lender partnerships with affordable housing developers, NGOs, cities and counties, considering the renewed appetite for public funding of all types of properties, (multi fam, owner, transitional and special needs), we can have impact on the creation and funding of these developments. Weâre finding in the Pacific Northwest that our involvement and partnership results in real loans closed, and the industryâs contributions are vital. Many of these partners do not have our expertise and appreciate the help.â
Housing Market Tracker: A notable drop in inventory
The housing market saw inventory fall 4% last week and is on the cusp of breaking under 1 million total active listings.
How to Pay Off Your Mortgage Early
How to Pay Off Your Mortgage Early is a post from Pocket Your Dollars.
How to Negotiate Buying a House
How to Negotiate Buying a House is a post from Pocket Your Dollars.