Four states remain a bulwark against a recession that has led to despair in other parts of the United States. These states with steady, traditional economies have kept their jobless rates down and remain the ideal places to find employment . The lowest unemployment rate in the country remains North Dakota, tied with Nebraska for an amazingly low 4.4 percent unemployment rate. This is followed by Wyoming and South Dakota, both with unemployment rates at 5.0 percent.
If you’re an investor in index funds, like I am, then you probably believe that it’s impossible to beat the market in the long run. You’ve had everyone from bloggers to Warren Buffett tell you the best thing for you is to invest in mutual funds indexed to the market. We do this because we believe the market is unbeatable. This is the belief in the so called “Efficient Market Hypothesis“. Basically we’re saying that stock prices already reflect all available...
The Bureau of Economic Analysis is reporting that the personal savings rate reached a 15 year high of 6.9% in May! This is the highest it’s been since December 1993.
When you are selling your house in a down market, you need to get any edge that you can to help sell. Here are 10 tips to help you sell your home faster.
Deciding what to do with your pension at retirement can be a stressful decision. Be sure to weigh all the facts and seek council from several professionals before you decide.
You often hear people claiming they achieved an infinite return on a real estate investment because they did a zero-down deal and don't have any of their own money on the line. This is wrong. There is no such thing as an infinite return on investment.
Aside from all the celebrities deaths this week (R.I.P.), the biggest news relevant to personal finance this week was the Cash for Clunkers Bill. The Bill entitles you to a $3,500 or $4,500 credit for trading a drivable car made within the last 25 years, with a combined city/highway fuel economy rating of 18 mpg or less to a new higher fuel efficiency car. If the mileage improvement is 4 mpg or better, you’ll get $3,500. If your improvement is 10 mpg or better, you’ll get $4,500.
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Our society is filled with con artists who are promising people a lifeline through jobs, recession-proof income, and access to free government grant money. They are bleeding money from individuals like you and me, and from the economy as a whole. The Federal Trade Commission is cracking down on scammers trying to take advantage of the economic downturn and recently released a new video called: Fraud: An Inside Look.
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