I decided I needed a new savings goal. I mean cash, cold hard cash.

I already contribute the allowable amount to both my wife and I’s Roth IRA, and we both get the full matching contribution to our employers retirement plans. The problem is, that money is slated to be used in 30 years or more.

Some people call this an emergency fund. I already have one of those too.

I’m looking for a non-committed cash reserve. Something that will make me a solid 4-5% return in an Emigrant Direct account, and that will provide some completely passive “luxury” money, or “Mad Money” …

It’s that time of year again. Holiday cheer, Christmas shopping in conjunction with raiding the left over Halloween candy isle at the grocery store, and oh yeah, open enrollment for benefits at work. Blehhhh.

That’s probably my least favorite administrative task at work. Pick a health plan. There’s only three, they’re all free, but if you foresee yourself needing this little benefit in fine print, you need the “premier blue” plan, but that comes with an additional $500 deductible, a smaller approved doctors lists…

…and this is where I lose interest.

To its credit, my company spends a lot of time and money …

It seems not everyone loves Jim Cramer. It seems not everyone sees the value in his show, Mad Money.

It seems that Paul Ferrell, in particular, given a stage and a microphone, is more than willing to lob the opening volley that would not only spur an open retort from the mad man himself, but a frothy discussion on boards, blogs, and forums.

In case you missed it, Paul Ferrell’s column appeared on MarketWatch.com last week, and I really didn’t find anywhere in the piece where Ferrell held anything back. I even read between the lines…

“Last week I finally listened to the “Mad …

Read more…

Well it appears that the effects of our credit crunch are starting to show up in non-essential services.

Sprint is losing subscribers. Big time. Sprint lost 337,000 post-paid subscribers, or customers who sign annual contracts and pay monthly bills. Total subscribership fell 60,000 from the second quarter to 54 million. The competition, however is doing better. AT&T and Verizon Wireless added two million and 1.6 million net subscribers, respectively. Furthermore, Sprint expects subscriber losses to continue into the fourth quarter.

It seems that Sprint’s troubles stem from its reliance on customers with poor credit, the cellphone industry’s version of the …

The new Fox Business channel debuted a couple weeks ago, and at first I blew it off as another talking-heads show that did little for the common Joe’s Wall Street appetite.

However, the channel is starting to grow on me. Maybe it’s because it’s new, or maybe it’s because it’s just different.

I particularly like the Fox Business Happy Hour. It’s got a couple young hosts (Cody Willard and Rebecca Gomez) that a guy my age could identify with. They’re out in the open instead of being stuck behind a desk, and …

Speaking during a Personal MarketWatch interview with senior columnist Chuck Jaffe, Bernard Horn, who runs Polaris Global Value Fund, indicated that companies like Chevron and Chesapeake Energy, while great companies, are not necessarily the stocks to own right now.

His rationale was that the energy stocks in particular, but also the metals stocks, are valued at unsustainable levels of crude and ore prices.

I’ve never been one to consider myself greedy, and this short blurb from MarketWatch.com got me thinking as to whether or not I should start parsing my portfolio of energy.

I’m a firm believer that oil is going …

It’s really no surprise that the Fed dropped rates by another quarter point yesterday. In fact, The Street figured it was a 90% sure thing that it would happen.

So now I can expect my Emigrant Direct savings account rate to drop accordingly, just as companies like Proctor and Gamble are issuing statements that they’re worried about consumer spending in the next few months (and when they indicate publicly they’re worried about it, don’t count on financials being all that great next quarter).

With the second rate cut totaling 0.75% in six weeks, it’s clear the Fed is trying …