Welcome to another edition of “Clogged Tubes Finds”. That name sucks doesn’t it? I’ll take suggestions on new names but if you say “roundup” I’ll personally steal your tax return. This week I’ve got four recommended reads for you and they all are about money.
Thicken My Wallet made a creative list of signs you’re a pushover with your financial advisor. I find this to be very important because many advisors get away with bullying you into products you either don’t understand or don’t want to be in. That isn’t the way your investments should work.
Consumerism Commentary raised and interesting point about the brick and mortar banks. Wachovia savings accounts are paying 0.04% on SAVINGS, while ING Direct is offering 1.85%. I know the banks are struggling and all, but they can offer better than 0.04%. Either choice has really low rates these days, which brings me to…
Moolanomy and his look at paying off mortgages early. Traditional debt repayment programs always want you to pay off your mortgage ASAP. With interest rates so low on savings, it makes even more sense to just dump your cash into the equity of your home. But wait, if you might be losing your job soon you’ll want as much cash as you can get your hands on. Quite a pickle.
Finally, the Freakonomics Blog posted a rap (yes like hip-hop) about economics. The comments on the blog call for a YouTube video. I think we need one too.
Once you’ve read all those stories, come back here this afternoon for a new haiku.
 By The Weakonomist |
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Said,
Thanks for the mention! Have a great weekend.