If your bank fails, you probably won’t lose any deposits or face hassles getting to your money.
From Kiplinger’s Personal Finance:
At 98 and counting, the number of bank failures this year is beginning to rival the number of institutions shuttered in 1992, at the finale of the savings-and-loan crisis. Fortunately, when a bank goes belly up, most customers have a seamless transition to a new bank. The Federal Deposit Insurance Corp. currently covers $250,000 per depositor per bank. And most often, a failed bank is bought by another bank, assets are transferred immediately, and customers have uninterrupted access to funds in their accounts.
Speakers at the Value Investing Congress made the case for their best picks.
From Kiplinger.com:
You can find value in unexpected places. When seasoned bargain hunters gathered in New York City for the semiannual Value Investors Congress, they shared ideas that ranged from blue chips to turnaround stories to small-company stocks. Not every stock is a certain home run, but a number of them are worth your consideration. Here are seven compelling ideas:
Competition is heating up, so you’ll find more models at cheaper prices.
From Kiplinger’s Personal Finance:
It’s every warehouse club customer’s nightmare, especially for those who live near large cities and shop on weekends: You race for a parking space. You struggle to navigate the plus-size cart through a maze of merchandise and bargain hunters. You wait in long lines at the register and at the exit as a clerk checks off your receipt. Then you pack the haul into your vehicle as though it’s a real-life game of Tetris. Yes, you earn your discounts, one trip at a time.
Competition is heating up, so you’ll find more models at cheaper prices.
From Kiplinger’s Personal Finance:
Move over, iPhone. Four out of every ten new cell phones sold today are smart phones. No wonder Apple’s iconic iPhone, which is currently available only through AT&T ($99 to $299 with a two-year contract), has some serious competition. The Palm Pre has a similar touch screen, but it offers a real qwerty keyboard and an operating system that lets you run multiple applications. The Pre is available only through Sprint this year ($150 after a $100 mail-in rebate and with a two-year contract), although Verizon plans to offer it in 2010. BlackBerry phones are available from all the major national carriers. Most BlackBerries come with a track ball and qwerty keyboard, which make them a hit with the business set. The BlackBerry Tour 9630 costs $150 with a two-year contract from Verizon.
This is the portfolio of Thomas M. Anderson. He is a journalist who is passionate about telling great business stories. He is an associate editor at Kiplinger's Personal Finance. He specializes in writing about retirement planning and investing.
BofA to drop fees for debit overdrafts, which goes beyond federal rules that kick in July 1. http://bit.ly/aQfOIl6 hours ago
RT @LaurenLaCapra: Top SEC economist has stepped down over short-selling restrictions that aren't supported by data/logic: http://bit.ly ... 24 hours ago
This is the portfolio of Thomas M. Anderson. He is a journalist who is passionate about telling great business stories. He is an associate editor at Kiplinger's Personal Finance. He specializes in writing about retirement planning and investing.