Are you looking for a good CD to invest your money into? A certificate of deposit is a great option to consider as it provides you with a higher interest rate for your savings compared to investing your money into other accounts like traditional savings with interest rates of less than .25%. One bank that you might consider investing your money with is the International Bank of Chicago (IBC).Why IBC?Compare CD rates online and you will see that IBC offers one of the highest interest rates out … [Read more...]
The Pros And Cons To Money Market Accounts
A money market account allows you to deposit money and earn a higher interest rate than you would if you invested money into a traditional savings account. Money market accounts are commonly considered short-term investment options and great places to store emergency cash. In order to use a money market account correctly you will need to agree to the terms and conditions which may include details pertaining to a minimum monthly balance amount and only having 6 or less withdrawals per month. … [Read more...]
CD Account Strategies
Before opening CD accounts are you shopping around to find the best CD rates available? It is important to properly research your investment and to know that you are buying the best investment that will provide you with generous returns. CD Laddering As you create an effective CD account strategy you need to focus on the CD rates. One investment strategy commonly used with CD accounts is known as CD laddering. With CD laddering you will have the returns on the CDs at different times. Careful … [Read more...]
Investing Money While In College
The average college graduate will end up with about $19,000 in debt. This debt usually comes from student loans but it can also come from credit cards and poor money management. It is important to manage your money wisely in college so you do not live paycheck to paycheck once you graduate. In some cases student loans are necessary and it is likely that you will plan on having $150,000 in debt when you graduate with a doctorate or another post-graduate degree. Good financial advisors will be … [Read more...]
Stock Market Likely to Drop 7-10% This Month
The longer the market trades in a range, the stronger the breakout is when it occurs. The S&P 500 has setup a very similar topping pattern this month as it did in August before a rapid and steep sell off. John Nyaradi of www.wall-street-sector-selector.com, created a nice chart showing this in an article he wrote on SeekingAlpha.com: As you can see the topping patterns are very similar including the Full Stochastics being overbought. However, this time, the RSI has been even more … [Read more...]
