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Wanderer replied to the topic 'Is the interest rate ever going to rise?' in the forum. 11 hours 6 minutes ago

Share your sentiments exactly. Remember a time when the Federal Government set a minimum savings account rate at 5.25%. Sure isn't there today. Likely the banks will be dragged back to a little more in the savings rate but they are not going to rush themselves as the Federal Reserve raise the interest rates.

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FrugalFran replied to the topic 'Re: Student Loans' in the forum. 21 hours 28 minutes ago

I'm not sure how that would work with a student loan. Years ago, I owned a house in Canada and was approved for a home equity line of credit and I didn't get charged interest until I actually borrowed money against it, but that's probably a whole different animal. It's my understanding that when a student loan is approved, the money gets deposited into the student's bank account, so that would begin accruing interest right away.

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Lexie replied to the topic 'Re: Student Loans' in the forum. yesterday

I can't imagine having a loan that does not accrue interest. It just doesn't happen. If you took a loan in your name and did nothing but put it in the bank you would still be charged interest. Maybe the interest your earn will offset the interest you are charged.......but I doubt it.

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Lexie created a new topic ' Is the interest rate ever going to rise?' in the forum. yesterday

Every month when I balance my check book, I look at the interest rates on savings accounts and CDs. It never rises. I would love to contribute more to savings but when I'm getting pennies per month, I think I just need to bury it in the back yard. Are interest rates ever going back up?

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Great article Chris. One thing that I would like to note. If you are scared about an investment, then this is a wonderful sign that you have too much of your savings in a high risk area. Risk management is not being applied correctly.Allocation shoul

It’s one thing to come to the conclusion that you need to invest your money with the idea of growth in mind. It’s another thing entirely to choose the right investments and make sound decisions as the days (and years) go by. With so many ty ...

When you start missing payments on your bills, you'll begin receiving calls and letters asking you to pay for the debt. Depending on how late your payments are, this contact could come from one of two companies: the original creditor or a debt col ...

It goes without saying that you invest with one goal in mind: to make money. While some investments are safer than others, there is always some level of risk involved. With all this in mind, it’s important to take a step back, assess ...

It doesn’t matter if you are a business owner or individual consumer, nothing changes the importance of tackling debt in the appropriate manner. If you have no debt, this never comes into play. The same holds true if you only have one loan, ...

FrugalFran replied to the topic 'Global Recession' in the forum. yesterday

With the amount of online commerce, I don't see Amazon having a problem with being a monopoly. These chains may be closing brick and mortar stores, but they still have their online sales. And then there are stores like Walmart, Lowes, and Kohl's that are showing no signs of slowing down in their physical places of business.

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Wanderer replied to the topic 'Will you retire ?' in the forum. 2 days ago

Leave the door open to retirement. When you start reaching the mid-fifties and beyond you will notice that the body and mind slow down. Sometimes one over the other. Hard to imagine when you are young but trust me it happens to everyone!

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Goldbug replied to the topic 'Will you retire ?' in the forum. 2 days ago

I don't think I will retire. I like creating things too much, whether that's a business or a craft, and it makes sense to keep the money coming in as long as possible. One health emergency can take an awful lot of funds, even with insurance.

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Goldbug replied to the topic 'Tax Liens And Civil Judgements' in the forum. 2 days ago

It should be good news across the board. The people who have had false claims attached to their records get them removed, and if it makes credit scores more accurate it will make it easier for companies to offer accurate rates.

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Goldbug replied to the topic 'Global Recession' in the forum. 2 days ago

Moneyes wrote:

That would make Amazon happy......and E-Bay......and all the other one's. People need to take a breath and remember that a recession does not have a negative impact on every single sector of the market. That's what a depression does. The are parts of the market that will continue to do well and even better if they can pick up the customers other failing retailers lose.
I don't think Amazon would like it much because if they get too much of the market, the Monopolies rules will kick in. If they're the only provider they can be forced to split for consumer protection.

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Goldbug replied to the topic 'Free Credit Score' in the forum. 2 days ago

Lexie wrote:

I recently bought a car and the dealership ran my credit score in no time flat. I don't know what they used but it sure was quick. Score came back good and I got the car. Are there any others out there besides creditkarma.com and credit.com?
I've just seen something called clearscore.com but I haven't used it. I pull mine from the agencies rather than just focusing on a score so I can see what is reporting where.

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Wanderer replied to the topic '2017 investments' in the forum. 2 days ago

Volatile due to the world market. Up greatly one day and then takes a big swing down the next. Scares people as they see their money disappearing right before their eyes and then walla their rich. Lately, I have closely tracked gold and truth, in my mind it swings but I am not bailing out. Need to stay close to the market happenings and make sure you comfortable. For me, I took the attitude it was like going to the casino and sometimes I make some money and some times I don't. Truth, to me the whole stock market is a gamble only the risk of the company is different. Where I have made money is precious metals, bank/financial stocks, utilities, drugs (pharmacy), and money in different market sectors. What I am saying is I diversified. You might say why? So as to spread the risk. Not every sector usually has bad days the same as every other sector so you hedge your bets. Heard the old saying, can live off of the dividends when I retire ... my comments .... you must have a lot of stock shares as I never found I could afford to buy enough stock to ensure I would have a steady dividend income stream. Yes, the amount to invest probably needs to focus on your funding availability for daily living, retirement, emergency fund and so on so as to not have to sell stock to live which might be at a bad time to sell stock. Food for thought!

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Wanderer replied to the topic 'Free Credit Score' in the forum. 2 days ago

In reading posters comments on comparing other score providers to Credit Karma (CK) it seems true credit score lovers state CK is one of the most inaccurate scores. Since reading all the comments I cannot say I have any experience with CK. Since I can get them from Discover and Chase free without even holding one of their banking products I don't look elsewhere. Today, my mortgage company starting providing a score as well as other actual credit card accounts I have.

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Moneyes replied to the topic 'Plastc' in the forum. 2 days ago

FrankN wrote:

I honestly hate physically writing checks and sending them through old school mail. I take the risk and do everything I can online.

Same here Frank. You know, the Plastc website promotes this card as having everything handy on one device. Well, I already have that. It's called a laptop. There are paydays when I can also pay everything on my smartphone. I get paid and 10 minutes later.......I'm broke. It's FANTASTIC. :lol:

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FrugalFran replied to the topic 'Free Credit Score' in the forum. 2 days ago

Does anyone know if the Chase credit score is more accurate than Credit Karma? Does it give any report information or is just the score?

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FrugalFran replied to the topic '2017 investments' in the forum. 2 days ago

Oh, I definitely don't stray too far away from where I'm comfortable. I just wish I could take it all in like the pros do. :D

What is it about precious metals that makes you say it isn't for the faint of heart? That's been my newest adventure and I've been reading up on it for several months now.

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