Showing posts with label investing. Show all posts
Showing posts with label investing. Show all posts

Monday, May 11, 2009

Are bank stocks a good bet for investors after the stress test?

I'm a strong believer in trading stocks not playing the market because I think that term makes it sound like it's a game. I put my hard-earned money into carefully chosen stocks to provide equity for me and someday become my outlet to retirement. It's not a game. The financial sector has been doing really well these past couple of weeks and I have even doubled my money in the last 2 months in a particular bank stock and I am very happy about that, so I found this article I wanted to share with you. USA Today explains if it is a good time to invest right now.

There are some really good points made here:


•Likely to benefit from a better banking climate. Not only is the economy expected to heal, but banks may borrow at historically low rates, says Jim Paulsen at Wells Capital Management. There's also strong demand for mortgage loans. "It's a good operating environment for banks," Paulsen says.

and the other side of the fence:

Not everyone is convinced, though. Investors could do better with stocks in other industries, Maltbie says.

David Ritter of Argus Research says investors who think the banking crisis is over are deluding themselves. Refinancing activity and bond trading now helping banks are temporary, and problems with business loans are just starting, he says. "There will be poor earnings over the next couple of years. I'm not sure people have priced that in."

Share what your thoughts are and what you might be investing in and why.

Sunday, May 10, 2009

Tip #5: Save Stamps by Using Online Banking

I don't really use stamps or envelopes for that matter because I do everything through my banks online banking feature. Most banks now a days offer this feature for free but check with your bank for more details. I even have an automatic payment come out every 1st of the month for rent. There is so much you can do with online banking like transfer between accounts, transfer between accounts at different banks, order new checks, money orders and statements, view statements, pay bills, view a spending report, set goals, set budgets, open a new account, apply for loans, nickname accounts, categorize transactions, view balances, consolidate accounts from other banks to one page, trade stocks, and more.

I don't really see a need for stamps and envelopes unless you are sending something other than a payment which isn't the case for me. If there is a document I need to send somebody I either go through email or fax to complete this task. I recently heard something about forever stamps and how they can save money because these forever stamps are good at the price you bought them for even if stamps increase in the future. The going rate is 44 cents a stamp starting Mother's Day up 2 cents from 42 cents a stamp ending today. I can see how this will save a small amount of money ONLY if you use a lot of stamps but Nathaniel Rich at a daily magazine company Slate answers the question "Should I Invest In Forever Stamps?"