Welcome to the end of the week and another edition of Happy Hour! Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.
The QE Monster
The Fed announced QE3 yesterday with a $40 billion a month plan to buy mortgage-backed securities and reinvest the interest. The announcement came with the caveat that economic conditions call for low rates through 2015.
The big difference this time around, the Fed did not include an end date. In the past, the Fed has always provided a timeline for its QE purchases.
This is good news for potential home buyers. It will keep mortgage rates low and drop long-term mortgage rates lower over the next several months. Of course, this mostly pertains to new home buyers. Current homeowners won’t move if their current home is still underwater. So either home prices need to quickly rise to some break even point or a few million renters need to start buying soon. Continue Reading…
If you had the choice between paying full price, over paying or getting a discount, which you would choose? A sane person would take the discount. The shopping habit of actively searching for deals, bargain hunting is the basic idea behind a value investing strategy. Seriously, who doesn’t like a discount?
Learning how to invest isn’t complicated. It starts with a common sense guide to good financial habits. If you follow these steps, you’ll not only learn how to invest in your 20s, you’ll build the groundwork for successful investing habits over your lifetime. These rules apply whether you’re 25 or 75 and will lead you to save, invest, and grow your wealth.
When you leave your job, do you really want to leave your retirement savings behind? It’s probably not the best idea. So why not bring it with you. There are several 401k rollover options available that allow you to take your retirement savings so you have better control of that money.