Are you 50 years of age or older? Has the rocky economy dealt a blow to your finances? Are you suddenly having trouble saving for retirement, providing for a parent or a child, paying medical expenses, or simply making ends meet? Whatever your financial challenge, AARP would like to give you a hand—and you may [...]
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Personal Saving Rate Jumps
According to the Bureau of Economic Analysis, personal saving as a percentage of disposable personal income was 6.9% in May. It was 5.6% in April and 4.3% in March. The 6.9% rate was the largest since 7.6% in December 1993. The personal saving level of $768.8 billion, which followed an April level of $608.5 billion, [...]
RIP Michael Jackson
Breaking news today that the King of Pop, Michael Jackson, has suddenly died from cardiac arrest. Although controversy surrounded Michael in his later years, he brought a lot of joy into people’s lives and enormously contributed to our culture in more ways that can be imagined.
Did you know Michael was a great investor? Just like [...]
Today’s Fed Statement
The Fed announced today that the financial crisis is over, the economy is in the midst of a turn-around, and that they’ve developed a simple plan to quickly pay off the deficit.
VantageSouth Bank
I own shares in a private de novo bank named VantageSouth Bank, a small community bank headquartered in Burlington (Alamance County), NC. I bought 100 shares of their stock in 2006 at $11.00/share during their initial public offering, being well-aware that investing in a de novo startup is a risky venture and I could easily [...]