So you’ve been thinking of switching your online broker. But how does this work? What happens to the stocks you hold? Do you have to sell and re-purchase them? Are there fees involved? Taxes? How to transfer stocks from one broker to another? If you’ve never switched a broker before, fear not. It isn’t that [...]
1. If I cancel a credit card, will it affect my credit score? One of the factors determining your credit score is your borrowing power or the sum total of the amount of money lenders are willing to loan (total available credit). An indirect effect of canceling a credit card is that your borrowing power [...]
Credit Unions don’t get as much coverage as traditional banks and part of the reason is there is no incentive to cover Credit Unions. Credit Unions don’t pay for referrals, they are not set up that way. But then, for those who are members of a Credit Union, this is like an awesome secret others [...]
Credit Karma had an interesting statistic on preferred email service and average credit scores. The average credit score of Yahoo users was the lowest, whereas Gmail users was the highest (among ‘free’ email services). Hotmail and AOL are tied and somewhere in between.
Banc of America recently started offering 30 free trades per month for certain class of investors. I was going through the site… here, take a look! I can understand if Merrill Lynch was a separate entity. Merrill Lynch is a owned by Bank of America. Do they have to say ‘Powered by Merrill Lynch’ after [...]
I recently bought an electric razor from Amazon. Within a couple of days, the price of the same razor dropped by 25%! I logged in to my Amazon account to cancel and re-order the item, but unfortunately the shipment was ‘in preparation’ stage and didn’t let me cancel. It hadn’t shipped though. I checked up [...]
I recently signed up for WellsTrade with PMA checking. If you have more than 25K, I think the deal Wells Trade offers is hard to beat. Here’s a short list of things I like: Instant money transfers When I was Fidelity, before I could make a trade, I have to initiate a money transfer, wait [...]
If you have multiple brokerages, the most frustrating part is that you don’t have a consolidated view of all your holdings. Of course you could use a service like Yahoo Finance or Google’s portfolio, but then you have to manually enter everything. No free service exists that can pull information from other brokers and present [...]
As a kid, I loved quizzes (I still do)! Quizzes are challenging and fun and attempting them made me proficient in whatever subject I chose. I was wondering why not try the same with MoneyCone! Quizzes are a great way to learn without a lot of verbiage and they give you a sense of accomplishment. [...]
As a blogger I love reading what other bloggers are blogging about. Timeless Posts are blog posts that I found interesting or noteworthy where I learned something new and think you might too. What is a credit score? Such an important part of your life, yet not many understand what exactly a credit score is. [...]
