in the mortgage news....
The 2 giants, (Fannie May and Freddie Mac), who together hold or back about $5 trilli0n, or HALF of the nation's mortgage debt, are down so bad that the Bush administration is considering taking over the programs. If these two go under, funding for so many of the banks who do mortgages will be gone and make loans even harder to get and more expensive. Worsening the current mortgage crisis.
Immediately after the markets opened, shares of Fannie (FNM, Fortune 500) and Freddie (FRE, Fortune 500) fell more than 47% from their already battered closing price the day before. They soon rebounded later in the morning but Fannie shares were still down about 24% and Freddie shares were off 22% in early afternoon trading. For the year, Fannie is down 67% and Freddie 77%.-CNN.com
thought this was amazing...
Brother and sister meet for first time since 1942. When they were 7 and 17, Nazis tore them apart and took them to seperate camps. Now, they meet for first time in 66 years! Go here to read the full article from CNN. http://www.cnn.com/2008/WORLD/europe/07/11/holocaust.reunion/index.html
Bush is pushing Congress to drill in Alaska....this issue is way underdiscussed, but I'm not ready to talk about it... I will be writing a post on this soon!
Friday, July 11, 2008
Thursday, July 3, 2008
Good Credit Card Debt! How to profit from Credit Cards!!!
Here's how to do it:
Take advantage of those low APR % 's. If you can get 0% this is a must! Take advantage by taking money from your 0% APR balance transfer offers and instead of spending it, place it in a high -yield savings account that actually earns 3-4% interest or more. The difference is your profit.
Too easy.
As alway with credit cards, be careful with your balance to limit percentage. Going closer to the limit lowers your score, even though the account is still current and in good standing.
Helping make your money work for you,
Josh
Phoenix, AZ
Take advantage of those low APR % 's. If you can get 0% this is a must! Take advantage by taking money from your 0% APR balance transfer offers and instead of spending it, place it in a high -yield savings account that actually earns 3-4% interest or more. The difference is your profit.
Too easy.
As alway with credit cards, be careful with your balance to limit percentage. Going closer to the limit lowers your score, even though the account is still current and in good standing.
Helping make your money work for you,
Josh
Phoenix, AZ
Monday, June 30, 2008
JULY 2008
Summer is here! The Boston Celtics are once again the World Champions! Gas is over $4.00/Gallon.. Index Funds are in! S&P just had it's worst month since 1931...It is the time to buy real estate because it's so cheap!! Oh and I actually saw a TV advertisement for Quixtar/Amway two night ago.. etc etc etc...
This month I will be blogging. I am new to this, so readers please bare with me :)
This blog will be for those who are trying to kill it in today's fast paced, info-based market! IE: Make money when the market is up, down, and all around!
I will be blogging mainly about personal finance and investing, however will include other topics occasionally as long as they are exciting enough. IE: news, sports, maybe a joke every once in a while..etc.
The focus of my blog is for you to have 10 new blogs from me every night to read, but rather maybe one or two that you can use to benefit yourself and your finances!
I encourage all readers to PLEASE respond to posts and offer as much feedback as possible. Good and bad both, so that I can post topics that are the most beneficial(mainly financially), and grow my network of readers large and large.
I also encourage all readers to shoot me a resonse of who you are and what you do. This way I can add you to the network and we can all learn and get rich together!!!!!
Josh
Phoenix, AZ
This month I will be blogging. I am new to this, so readers please bare with me :)
This blog will be for those who are trying to kill it in today's fast paced, info-based market! IE: Make money when the market is up, down, and all around!
I will be blogging mainly about personal finance and investing, however will include other topics occasionally as long as they are exciting enough. IE: news, sports, maybe a joke every once in a while..etc.
The focus of my blog is for you to have 10 new blogs from me every night to read, but rather maybe one or two that you can use to benefit yourself and your finances!
I encourage all readers to PLEASE respond to posts and offer as much feedback as possible. Good and bad both, so that I can post topics that are the most beneficial(mainly financially), and grow my network of readers large and large.
I also encourage all readers to shoot me a resonse of who you are and what you do. This way I can add you to the network and we can all learn and get rich together!!!!!
Josh
Phoenix, AZ
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