Monday, December 10, 2007

The Simple Dollar » Everything You Ever Really Needed to Know About Personal Finance on the Back of Five Business Cards

This guy covers just amount everything I have ever told anyone about "common sense" financial management. It only takes 5 business cards, and does not require joining the cult of Suze Orman (girlfriend, all your problems are your husband's fault, get a divorce, I hate men)

The Simple Dollar » Everything You Ever Really Needed to Know About Personal Finance on the Back of Five Business Cards

Gore Gets Nobel, Warns of Ominous Threat

The primary cause of global warming is the hot air coming out of his mouth whenever he talks. Can we get the King of Spain to tell him to shut up, like he told Venezuela's President Hugo Chavez. I will die of "Gore Boredom" long before "Global Warming"

Wired News: Gore Gets Nobel, Warns of Ominous Threat

Media: The World's Tallest Building Has a Hell of a View

Media: The World's Tallest Building Has a Hell of a View

Saturday, December 08, 2007

Awesome 3br/1bath home ?

When realtors start calling homes awesome, we are in deep trouble.

Let's see, located almost under 125 free way overpass
Price Reduced: 08/16/2007 from $420,000-$440,000 to $395,000-$415,000
then a bunch of other silly ups and downs, now:
Price Reduced: 12/08/2007 from $339,000 to $315,000

Yeah, awesome as in "inspiring awe or admiration or wonder"
Like, I totally wonder who is going to buy this rad crib, dude ?

SDLookup.com > 3410 Trophy Dr - MLS# 078061367

Check out the Zillow Bird's Eye View & Map
Just waiting for a car to drive off the overpass through your roof !

Google Shared Items

Check out shared items, below ugly picture and favorite links.
I read a lots of RSS feeds via Google Reader and share them here.
I can not blog on everything I read, I need time to watch TV, too !

Best and Worst List

BEST
-----------------------------------------------------------
5.75% CD at Countrywide Financial
Who cares about all the drama, they are FDIC insured

6.00% CD at Pentagon Federal Credit Union
Easy to join, great rates, nice people, etc..

6.00% CD at Northwest Federal Credit Union
Got in by joining "National Wildlife Federation",
before they clarified it was for employees only.

WORST
-----------------------------------------------------------

Bank of America
I should have stopped at the $100 bonus for checking, but NO I put $25k in to get 30 free trades per month at Banc of America Investment Services (clears through Fidelity) I put money into Defenders of Wildlife affinty account for a high rate (5.75%) which plummets a few weeks later, so I opened a AAA affinity account which plummets in a few weeks. Eventually I settle for a 5.10% CD until February, when I am sure rate will plummet again.

Getting banking info on the phone is a nightmare, between getting transferred, dropped, or hung up on, it is just not worth the hassle. The brokerage side is perfect, but what else would you expect from Fidelity !! The bank side aggravation make the free trades too expensive, I'd rather pay E*Trade or Fidelity commmisons than deal with Bof A !!!!!

KeyBank Direct

Ok, the rates are nice but ...

Add an transfer account online, locks account, they have to call for verification. They never call, so you have to call them. After three occurances, I ask them what phone number they are trying to call - they have area code 935 instead of 619. 935 was proposed for eastern San Diego in 2000 and never implemented.

After months of having no problem logging into my account, I can no longer get in. Attempts to reset or verify online never work, so I have to call and go through the entire interrogation. The name, address, SSI, etc. is fine, but they want detailed transaction information from my account. I'm sorry but I do not have access to my account, which is why I am calling, so how can I give it you ? DUH !

After third time, I wrote a big check on the account, then call to close. It took about 15 minutes to complete the process of getting my remaining $10.59 back - not worth it !

-----------------------------------------------------------

No links to BofA or Key, I would not want you to go there.

Almost Year End Review

Getting close to the end of the year and starting to see how I did.

Signup Bonuses were less than last year
$250 Chase, $100 BofA, and $100 from Citi = $450

Credit card rebates were OK
About $150 from Citi, $70 from Discover, $20 from AMEX = $240

Best credit card move this year was Balance Transfers.
The 0%APY deals all got put into 5.0% savings accounts.
Quick math tells me I made about $2500 on their money - sweet !

I did not buy a lot of stuff this year, but I got a few rebates checks (maybe $50),
$40 off my 24" Acer montior using AAA 10% off, maybe $25 from FatWallet.com, etc.. Nothing to get too excited about.

Continue to get lots of magazine for low-to-no cost. Freebies like Road & Track,
Car & Driver, PC Mag, PC World, and Sound & Vision. Get Business Week, U.S. News &
World Report, and Computer Shopper free electronically through Zinio.

ARM Bailout Unfair to Responsible Borrowers - Seeking Alpha

ARM Bailout Unfair to Responsible Borrowers - Seeking Alpha

Financial Cycles

I think we have just passed the denial stage in real estate and are into fear.
Probably means we are almost halfway though the crash ??

sentiment_cycles.jpg (JPEG Image, 640x439 pixels)

Thursday, December 06, 2007

Bubble Markets Inventory Tracking: More Financial Malpractice from the Union Tribune

Buy a 20 year old condo for $440,000 near the top with an interest only loan.

What could possibly go wrong ?

“We understood the situation with loan adjustments to be that after our first three years, our low rate would increase to the rate that everyone else is buying at right now,” said Suzanne, 38. “We didn't realize that we would see an increase of our monthly mortgage payments by several hundred dollars or that we'd now be facing this uphill interest rate climb that we're not going to be able to afford.”

Yeah, that's it !
I signed a contract for an ARM and did not realize it might adjust upwards and my payments would go up.

Bubble Markets Inventory Tracking: More Financial Malpractice from the Union Tribune

Original Union Tribune Article

October Foreclosure Data

Looks like foreclosures are rapidly turning into REOs
Banks are going to have a huge inventory of homes by Spring 2008

October Foreclosure Data | Piggington's Econo-Almanac | Southern California Housing Bubble News and Analysis

Botom Falling Out of Low End of Real Estate Market

September Case-Shiller Numbers | Piggington's Econo-Almanac | Southern California Housing Bubble News and Analysis