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, [...]
Category Archives: Commentary
Buffett and Bogle Redux
Via Fortune - Buffett and Bogle: The best advice I ever got.
Javascript embedded video from CNNMoney.com Video
Javascript embedded video from CNNMoney.com Video
Thrift Savings Plan Changes
Who would have ever thought that smoking would be good for my health? My financial health that is.
As reported in the June 12th Federal Times:
Federal employees will get four new features in their Thrift Savings Plan, including a Roth 401(k) option that allows them to contribute after-tax dollars into their savings plan and then withdraw [...]
Weekly Wrap
Instead of writing about economic indicators and stock market movements for my weekly wrap this week, I thought I would take a look at how political involvement is helping to improve the bailout situation.
According to The Wall Street Journal:
The Obama administration plans to appoint a “Special Master for Compensation” to ensure that companies receiving federal [...]
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 [...]