money

March 14

Why Oprah Deserves to Be Rich and the Wall Street Moguls Deserve...

U.S. Magazine reports that Oprah makes $385 Million per year. "Though Oprah started her life in poverty she was regarded as the richest woman in entertainment by the beginning of the 1990s," the magazine editors tell us. "Later by the age of 41 Oprah had managed to replace veteran actor Bill Crosby on the Forbes 400 with her 340 million green backs. By the year 2000 her net worth had exceeded $800 million." She is now reported to be the countries first self made female billionaire. And I think she deserves to be rich. More…
November 20

A Bad Idea -- Understandable Though It May Be

Bank of America is currently running ads that on the surface sound appealing. They are offering to let you put your retirement savings in things that are guaranteed. Given the recently performance in the market, who wouldn’t want that? The answer should be: You. Guaranteed investments are the not the way to go, if you are saving for a long-time goal (like retirement.) The returns on such things as money market funds, and certificates of deposits, even if they are guaranteed may not be enough to keep up with inflation, let alone produce the long-term growth that you need. More…
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