Odds are, you sold stock-owning mutual funds last year, or at least cut back on putting new money in. As a result, your fund did a whole lot better than you did yourself.
That’s typical of all mutual funds. Their average investors don’t get full value from the funds they own. The reason is simple. You [...]
Archive for April, 2010
- Ditching your mortgage? The financial fallout
- POSTED 04.6.10
Say that your house is way underwater. Say that you can pay your mortgage but are sick of throwing good money after bad. Say that you’ve decided to walk away. Say that your credit rating has always been good. What happens?
That depends on the state you live in and what kind of loan you have—a [...]
- Yes, it’s moral and honorable to ditch (some) mortgages
- POSTED 04.4.10
You’re hearing a lot about “strategic default.” That means walking away from your mortgage, even though you can afford the payments. The house is worth so much less than the loan against it that making payments feels like throwing money down a rat hole. It could be a decade or more before you actually have [...]
- They’re telling you lies about the new student loan law
- POSTED 04.1.10
I’m hearing so many lies about the change in the government’s education loan programs that I have to set the record straight. Anyone who cares about cutting government spending and helping students and their parents should love the change. But the truth of the program is being hijacked by the people who scream no. Here’s what’s happening:
For [...]
