I hold my hard-earned money in index funds, money market fund, CD and saving accounts. I don’t trade stocks because I don’t have interest/passion in tracking individual stocks. I’d rather spend time doing other things I enjoy doing. I want to have a good night of sleep every night. I don’t want to spend time [...]
Entries Tagged as '401K and Money Market'
May 5th, 2009 · Comments
March 25th, 2009 · Comments
I had been a reader of Ramit Sethi’s I Will Teach You To Be Rich blog since its inception. At that time, Ramit just graduated from Stanford University. Honestly, I thought Ramit was just another one of those arrogant young graduates of top universities — how could a young college graduate with little real-world experience [...]
March 5th, 2009 · Comments
Where should we put our money? All banks in the US are in deep trouble. Citi Bankâ€™s stock is below $1 now. JP Morgan Chase and BOA are in pretty bad shape â€“ their balance sheets are in much worse shape that what their CEOs have been saying. Well Fargo is not much better. Bank [...]
Who are making a lot of money from the economic downturn and where do they get their financial news and analysis?
December 29th, 2008 · Comments
Recently I had the opportunities to talk to several people who had profited tremendously from the current financial crisis. They recognized that there was a huge housing bubble, and the loose lending practices would get us into deep trouble. I guess you could call them "Dr. Dooms" — in the past year, they have been [...]
December 24th, 2008 · Comments
It’s open enrollment period at my company now. I need to decide how much I’m going to deduct from my paychecks in 2009 for 401K, Health Saving Account (HSA), and Flexible Spending Account (FSA). In the past, I have always maxed out 401K deduction to take advantage of the tax saving benefit. I’ve also put [...]
November 11th, 2008 · Comments
What is the single most important lesson you have learned from the current financial crisis? Here is what I’ve learned: You cannot trust media, gurus, financial advisors, real estate agents, banks, mortgage brokers, etc. There is way too much noise out there in the market. And a lot of people are trying to make money [...]
October 31st, 2008 · Comments
This past Wednesday Fed cuts its benchmark interest rate target by 50 basis points to 1%. I’m wondering what will happen next. Given the direction our economy is going, Fed probably needs to keep cutting its rate. But, it’s already 1%. How much more can they cut? It’s actually conceivable that the Fed will cut [...]