Analysis Topic: Personal Finance
The analysis published under this topic are as follows.
Monday, June 20, 2011
Euro-Zone PIIGS Greece Default Bank Run Contagion Risk - Santander Anyone? / Personal_Finance / UK Banking
By: Nadeem_Walayat
The Greeks had set the ball rolling by withdrawing their funds out of their banks during May and June as a consequence of their exposure to Greek Government debt, soon to be followed by Banks across Europe if not already in the process of desperately attempting to pull their funds out of Greek banks ahead of an inevitable debt default, and then from other PIIGS banks and financials, that's banks of Portugal, Ireland, Italy, and Spain as well as Greece on rising default contagion risk.
Sunday, June 19, 2011
Warning on Banks PPI Complaints and Compensation Claims / Personal_Finance / UK Banking
By: Nadeem_Walayat
The banks and building societies after losing a court case in April brought by the British Bankers Association, are being forced to repay approximately £5 billion in mis-sold payment protection insurance to their customers that in the vast majority of cases proved totally worthless. Barclays has already set the ball rolling by trying to ingratiate itself with its angry customers by automatically refunding all legitimate claims that have already been submitted to date, with the other banks seeking to write to upto 3 million customers over the coming months.
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Wednesday, June 15, 2011
The Extinction of Retirement / Personal_Finance / Pensions & Retirement
By: Michael_Pento
For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real estate and equity prices, positive real interest rates on savings, the continued solvency of public and private pension plans, and the reliability of national entitlement programs (Social Security, Medicaid). But in the last few years, the economic sands have fundamentally shifted and these pillars are no longer sturdy, some have cracked completely. For many Americans, the traditional idea of a comfortable retirement, filled with golf carts, cruises, and fishing trips, is going the way of the dodo bird.
Thursday, June 09, 2011
Credit Crisis 2011, Discover the Top 100 Safest U.S. Banks / Personal_Finance / Credit Crisis 2011
By: EWI
Bank failures still dominate headlines as the number of failing banks continues at an alarming pace in 2011. The odds are that you've seen at least one bank failure in your community since the financial crisis hit in 2008. Some economists claim we're in a recovery, yet hundreds of smaller financial institutions still suffer from the debt crisis that began a few years back.
Wednesday, June 08, 2011
How to Shelter Your Cash From Inflation / Personal_Finance / Inflation
By: Terry_Coxon
Terry Coxon, The Casey Report writes: The high rate of inflation most of us believe is waiting not too far down the road will be an earthquake for investment markets. The likely winners (gold, silver, precious metals stocks) and the likely losers (long-term bonds and most stocks) aren’t too hard to identify. But separating the sheep from the goats is only one element for financial success in an environment of rapidly rising consumer prices.
Monday, June 06, 2011
Down With the Dictator / Personal_Finance / US Politics
By: LewRockwell
Governments and their intellectual front men believe that nothing unites a population like a war. Actually, that’s not quite true. What happens is that during war, governments strike fear into their domestic opponents and silence them through intimidation. The appearance of unity is wholly illusory.Read full article... Read full article...
Monday, May 23, 2011
Loan Interest Rates at Decade High / Personal_Finance / Debt & Loans
By: MoneyFacts
The average personal loan rate has hit its highest level for more than a decade.
Today the average rate on a £5,000 loan stands at 12.7%, the highest level since May 2000.
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Tuesday, May 17, 2011
UK Savers Struggle Worsens on Release of Latest Inflation Figures / Personal_Finance / Savings Accounts
By: MoneyFacts
Inflation figures released today show the Consumer Prices Index (CPI) increased during April from 4.00% to 4.50%.
To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 5.63% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 7.50%.
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Wednesday, May 11, 2011
Time to Get Rich, the Compounding Process / Personal_Finance / Learning to Invest
By: Gary_North
"If I had just known at age 18 what I know today!" That lament is among the most universal among people aged 50 or older. Is there any society in which it cannot be heard?
I was reminded of this when I watched a video of half a dozen of coach John Wooden's most talented basketball players. It was produced in 2010, just after his death at age 99. He had retired 35 years earlier, yet he was still remembered and admired.
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Tuesday, April 12, 2011
Desperate Times for UK Savers / Personal_Finance / Savings Accounts
By: MoneyFacts
Inflation figures released today show the Consumer Prices Index (CPI) decreased during March from 4.4% to 4.00%.
To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 5.00% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 6.67%.
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Wednesday, April 06, 2011
Cushion Your Retirement by Investing in IRAs / Personal_Finance / Pensions & Retirement
By: Money_Morning
Larry D. Spears writes: If I were to recommend a stock and guarantee a return of 10% to 28% on your investment in a single day, you'd no doubt line up at your broker's door to place your orders.
But then why do so many people fail to make the maximum contribution to their Individual Retirement Accounts (IRAs)? After all, in its traditional version, an IRA offers exactly the same return, depending on your personal tax bracket.
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Friday, April 01, 2011
The Five-Million-Dollar Reason for Investors to Go Offshore / Personal_Finance / Investing 2011
By: Terry_Coxon
Terry Coxon, co-editor of The Casey Report, is president of Passport Financial, Inc., and for over 30 years has advised clients on legal ways to internationalize their assets to optimize tax, wealth protection and estate planning goals. Read here how you can take advantage of a U.S. tax act and save a lot of money in the process…
Monday, March 21, 2011
Banks Entice Savers into Fixed Cash ISAs / Personal_Finance / ISA's
By: MoneyFacts
High demand for savers’ money has led to a sharp rise in the number of fixed rate ISAs.
In the last two years alone the number of fixed rate ISAs has more than doubled from 56 in March 2009, to 139 today.
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Friday, March 11, 2011
The Debt Trap: Are the Scavengers Stalking You? / Personal_Finance / Debt & Loans
By: Jack_Reed
You fought off your debts successfully last year. Today you are a happy man. You take pride in enlightening your friends about your debt story because you were never bogged down by it. It feels great because people now people come to you with their financial problems.
Monday, March 07, 2011
15 Tips for Staying Sane While Unemployed / Personal_Finance / Unemployment
By: Chris_Kitze
There is nothing easy about being unemployed. It is stressful. It depletes your sense of self-confidence and takes away any feeling of financial stability that you may once have had. The longer that unemployment drags on, the more it feels like it’s going to make you crazy. However, there are many things that you can do to keep your sanity even while you’re unemployed. While it may sometimes be tough to motivate yourself to do these things, doing so will improve your mental health during your job search and make you a more appealing candidate at those interviews!
Friday, February 25, 2011
UK Savers Continuing Negative Real Interest Rates Punished for Bankster Crimes / Personal_Finance / Savings Accounts
By: Nadeem_Walayat
The tax payer bailed out vampire-esk banking sector continues to suck the life blood of savers by paying sub inflation interest rates to savers on even the governments highly doctored and under reported inflation measure of CPI. This analysis seeks to evaluate to what degree today's savers are subsidising the high street banks when comparing their BEST instant access savings accounts against the official CPI inflation rate.
Friday, February 18, 2011
Best Cash ISA Savings Account as April 5th 2011 Tax Year Deadline Looms / Personal_Finance / ISA's
By: Nadeem_Walayat
With UK Inflation soaring on even the governments preferred measure of CPI at 4%, which stands against the more recognised RPI rate at 5.1% and real inflation as experienced by most of the population at 6.6%, UK savers continue to have the real terms value of their life time accumulated savings effectively stolen so as to bolster the bankrupt bailed out banks balance sheets, savers can lessen the stealth theft of wealth by utilising their annual cash ISA allowances before the end of the current tax year (5th April 2011) as it is a case of use it or lose it.
Tuesday, February 15, 2011
CPI Inflation 4%, UK Savers Pain Gets Tougher / Personal_Finance / Savings Accounts
By: MoneyFacts
Inflation figures released today show the Consumer Price Index (CPI) increased during January from 3.7% to 4.00%.
To beat inflation, a basic rate tax payer at 20% needs to find a savings account paying 5.00% pa, while a higher rate tax payer at 40% needs to find an account paying at least 6.67%.
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Tuesday, February 01, 2011
UK Average Credit Card Interest Rates Hit 13 Year High / Personal_Finance / Credit Cards & Scoring
By: MoneyFacts
Increased competition in the credit card market at the end of the 1990s meant rates started to fall, dropping to their lowest level in 2006.
Since 2006, as the economic downturn took hold, credit card rates have steadily increased, with the average rate for new customers today hitting a 13 year high of 18.9%.
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Tuesday, January 18, 2011
Four Steps to a Richer Retirement / Personal_Finance / Pensions & Retirement
By: Nilus_Mattive
Take a quick survey of the retirement landscape and things look pretty darn dire.
According to a survey conducted by Wells Fargo last month, the average American has managed to save a meager 7 percent of the amount they’d like to have in their Golden Years.
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