Best Online Savings, CDs, and Money Market Rates

Today I’m Buying Puts on the S&P 500 ETF SPY

Last week I opened my first ROTH IRA with OptionsHouse. Because I'm self-employed, the ROTH IRA is one of the best choices I have for a retirement account. No matter how much the money grows in a ROTH IRA, withdrawals are non-taxable. Today I will buy deep in the money put options (if my wire transfer arrives before market close). Last Friday I posted a few reasons the market might drop. Today, I still feel this has been a sucker's rally. My downside targets … [Read more...]

Is the Stock Market Poised to Drop?

Today the S&P 500 is rallying; currently up 1.91%. Does this mean the market is set to continue rallying? In any market there are bulls and bears. The cup seems to always be half full or half empty regardless of the news. Here are some reasons the Dow and the S&P 500 will decline for the next week or two: For months corporations are amassing cash (possibly preparing for another crisis in the credit markets) New claims for unemployment benefits rose unexpectedly last week Market … [Read more...]

Rising Fraud Trend: ATM Skimming

It used to be that physical possession of your ATM card and being the only one who knew the PIN meant your account was safe. This is no longer the case as there has been a surge in crooks using high tech devices to get credit/debit card and PIN data. Once this data is obtained, they cash out the accounts. Criminals are hiding an electronic device in the card slot on ATM machines and gas pumps. When you slide your card to make a purchase, the device records your card data. To get the PIN … [Read more...]

Alternative Ways to Earn Yields of up to 11.30%

At a time money market accounts, CDs, Treasuries, and annuities fail to provide a decent return, investors looking for alternatives should consider high yielding dividend stocks and preferred stock. Before investing, be aware that James Mound from MoundReport.com strongly believes the stock market is going to take a major plunge in the next two weeks. A chart of the S&P 500 confirms the market is bumping up against resistance. With that in mind, consider taking profits and protecting … [Read more...]

KeyBank $225 Bonus: The Key to Put Power in Your Business (local deal)

For businesses who wish to open new checking accounts, KeyBank has an exciting offer! This offer is only good until October 8, 2010 in the following areas: Cleveland, Eastern Ohio, Idaho, Western New York, Oregon, Seattle Cascades, South Puget Sound, Central NY, Rochester, Maine, Northwest Ohio, Michigan, Capital Region New York, and Hudson Valley New York. KeyBank is offering a cash bonus to entrepreneurs who are eager to start their own business as well as established businesses who want to … [Read more...]