Citibank’s New 4.75% Savings Account with Deception

I just happened to see a Citibank ad on Bankrate.com advertising 4.75% APY and went on to check it out. So I clicked on the link and was taken here. This page states – “Introducing the e-savings account with FREE Citibank EZ Checking”. Yes the FREE is in capitals on the site. Under the 4.75% APY, the Ad states – “No minimum balance required”. It…

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More on IFN and India

Shares of The India Fund Inc. dropped 10% today after the Indian Stock market took another beating. The Indian stock market started up about 600 points, however it quickly dropped over 10% causing the markets to shutdown for an hour. The Finance Minister urged investors to stay invested in the market citing no change in Indias…

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Another big drop in Indian markets

The Indian stock market dropped another 4% falling below 11000, after yesterdays 6% drop. What does this mean for India Fund Inc. holders? Well it probably means another drop today. Yesterday, I said it might be time to get into IFN, well today might be even better than yesterday to get in. I would also…

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Prosper – The Ebay of Lending

Have some spare money? Want better rates than savings accounts? Are willing to take on some more risk with it? You need to check out Prosper.com. Here is how it works: “Borrowers create loan listings for up to $25,000 and set the maximum rate they are willing to pay a lender. Then the auction begins…

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Stocks/Funds I Follow

Here are some stocks and Funds I follow because I own some in real life and some in my mimf contest portfolio: IFN – The India Fund Inc. PNRA – Panera Bread TGT – Target INTC – Intel WB – Wachovia GSK – Glaxo GOOG – Google AAPL – Apple NSANY – Nissan The other funds I own are index…

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Banks With Consistently High Savings Rates

There are several banks, mostly online ones or online-only services from regular banks that provide consistently high APRs on Savings/Money Market Accounts. Here are some of them: Emigrant Direct HSBC Direct ING Direct Watch this space for detailed updates on each bank.

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Should I put money in my 401 or IRA?

This is one of the very often asked questions on both mimf and mifp. Based on comments on both newsgroups, here is what seems to make most sense: Contribute to your 401 upto your employers match (employer match is free money) Invest in IRA upto the maximum limit (because IRA gives more options than 401) Invest in 401 upto the maximum limit

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Credit Cards If You Have No Credit History

If you have no credit history, some people/sites may lead you into getting credit cards that have an annual fee or some sort of payment involved to get credit and establish a history. However you almost never need to go that way. You have several options depending on whether you are a student or not….

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Merge Credit Cards – Don’t Close Accounts

If you have too many credit cards to manage, you can simplify things by merging credit cards that are offered by the same bank. All banks do that for you in a single call. The credit card merger will give you one card that has the combined credit limit of both the cards. This will…

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Free Credit Score forever

You can get one credit report from every credit reporting agency free per year from annualcreditreport.com, however they still charge you if you want to see your FICO credit score. Providian offers your credit score free every month if you have any Providian Credit Card, at their website. Also offered are alerts if your score…

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