Last week, I wrote an article, Cash Is King and today, Yahoo Finance! published an article with the same title. I have included the article in this post for your convenience.
When a Recession Threatens Cash Suddenly Has Cachet
by By Jonathan Clements
Friday, September 28, 2007provided by The Wall Street Journal Online
When recession rules, cash is king.
It’s [...]
Background
In the city that never sleeps, there are taxis roaming the streets at all times of the day. There are always taxis stopping at every corner of the street and often holding up traffic. Once, on my way home, there was this taxi that stopped right in front of the bus I was sitting on. [...]
My article, My Financial Accounts is posted on Carnival Of Personal Finance #119.
In response to my post, Money Management 201, here is an overview of my accounts:
Credit Card Accounts
This account is use to make purchases on credit. Use this account to build up credit and rack up points/miles/cash. Make sure you can pay off amount before charging. Preferably, this account pays rewards and has no annual fees.
Citibank [...]
Rate Cut Party Continues
Sep 19 - U.S. stocks rallied for the second straight day after the Federal Reserve’s surprise half-point rate cut.
My article, Cash is King is posted on Carnival Of Personal Finance #118.
The stock market has seen some wild swings recently, the sub prime market is almost devastated, and the real estate market is falling. With so much uncertainty, the best place to park your money is in cash. Cash is safe and liquid.
The stock market index has moved up and down in a huge range over [...]
Oil Sets $80 Record
Sep 12 - Crude oil prices temporarily topped $80 in New York for the first time on record after a sharp drawdown in U.S. inventories sparked supply concerns.
Wall St. Smells A Rate Cut
Sep 11 - Rate cut hopes plus strong corporate news equaled a rise in stock prices on Tuesday, the sixth anniversary of the Sept. 11 attacks.The blue-chip Dow rose 180 points to 13,308. The broader S&P 500 rose 19 points to 1,471. The tech-based Nasdaq tacked on 38 points to [...]
My article, Emotionless Investing is posted on Carnival of Personal Finance #117.
