New Savings Goal

Friday, November 16th, 2007

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” …

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Posted in Banking, Goals, Saving | 2 Comments »

Farrell vs. Cramer

Wednesday, November 14th, 2007

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 …

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Posted in Commentary, Finance, Investing | 2 Comments »