Why Not Default

Seriously, what’s so difficult about allowing student loans to be discharged in bankruptcy?

Today, President Obama is effectively giving college students and their parents his middle finger. Whereas Jobs’ prank was harmless and symbolic, the President’s plan to bail out student loans will derail the  entrepreneurial dreams and financial security of countless young people. . . . → Read More: Why Not Default

2000 Words

Consider these charts:

As can be seen above, having a college degree is becoming worth less. And the cost continues to increase. Worst of all, one cannot default on student loans, so those who take on massive loans to fund their education will find that they are essentially slaves to the banks for . . . → Read More: The Value of College

Sounds Good To Me

The OWSers finally have a good idea:

The social uprising — called “Bank Transfer Day” — encourages bank customers to take their cash out of big banks and put it in smaller banks and credit unions instead. The movement is ostensibly in response to aggressive fees institutions are rolling out to recover profits lost . . . → Read More: Sounds Good To Me

GreyMail: Is It immoral to Play the Stock Market?

The other day, my brother emailed me to ask if it was wrong to play the stock market.  Since I was going to take the time to write him, I thought I’d share my response on my blog.

In the first place, it’s important to note that the stock market is inherently neutral, morally.  . . . → Read More: Is It immoral to Play the Stock Market?

Where to put your savings

With the stock market swinging up and down as the economies in the United States and Europe appear to be heading back towards a recession, it could be a good idea to move your savings out of the stock market and into safer asset classes.  However, the Federal Reserve has stated that it plans . . . → Read More: Where to put your savings

The Case for Prepaid Debit Cards

Since the start of the financial crisis in 2008, the amount of consumer credit available to individuals has decreased significantly according to the Federal Reserve, and the credit that is still available is more difficult to obtain, with banks and other lenders raising their lending guidelines.  This combination of events has made it much . . . → Read More: The Case for Prepaid Debit Cards

Finding the Best Student Loans

With increases in college tuition showing no signs of slowing down, despite the recession, students are being required to borrow more and more money to fund their education.  Since a report from the US Census values a bachelor’s degree at about $900,000 in additional salary earned when compared to a high school diploma, and . . . → Read More: Finding the Best Student Loans

Investing in September

With the stock market off to a poor start to September due to a weak jobs report, and following the wild swings in the market last month, it might not seem like the best time to invest.  However, there are always opportunities to make money in the stock market, and I hope to lead . . . → Read More: Investing in September

How to Choose an Online Broker

With so much volatility in the stock market recently, choosing which firm you use to invest is a more important decision than ever, due to the major differences in trade execution, quality of support, services offered, and costs associated with trading and maintaining the account.  It’s very important to analyze your personal needs and . . . → Read More: How to Choose an Online Broker

The Buffet Tax

Warren Buffet has a good idea for a new tax:

Job one for the 12 is to pare down some future promises that even a rich America can’t fulfill. Big money must be saved here. The 12 should then turn to the issue of revenues. I would leave rates for 99.7 percent of taxpayers . . . → Read More: The Buffet Tax