“You buy an item for less than the current price…” That’s a quote from Amazon.com’s website. The online retailer just reintroduced “haggling” into the modern digital marketplace. Amazon is offering its new “Make an Offer” service on over 150,000 items. These include collectable coins, fine art, sports memorabilia, and other “haggleable” items. Unlike online auction […]
The Greek stock market, the “Athex,” just suffered its worst single-day crash in history… MarketWatch reports the index dropped almost 13% (-12.78%) on Tuesday. The crash was 32% greater than the 9.7% drop it suffered on October 24, 2010… when the European debt crisis was at its peak. Greece was about to default on its […]
Credit.com just published its list of the “Seven Habits Leading You Into Debt.” The list addresses several different areas of spending… but there’s a common theme throughout: You’re doing them without even recognizing it. Remember, the power of compounding works both ways. Positive compounding will ensure you amass great wealth over time. But negative compounding—those […]
Lindsey Hough is a terrific managing editor on our Palm Beach crew. She’s also $40,000 in debt. Lindsey shared what the real costs of that debt mean over time. The results may shock you… I wanted to see what my debts were costing me in terms of investment opportunities. The official term for this is […]
“Debt is an emergency like a flat tire or broken down car… You would put all your money into [fixing] those things.” So says 26-year-old Tracy Bindel. CNNMoney reports the Wellesley College graduate just paid off the balance of her $13,000 in student loans. Her 2014 New Year’s resolution was to extinguish her debt. But […]
From Grant Wasylik, editor, The Palm Beach Letter: Hedge funds are shutting at a pace not seen since the financial crisis. Almost 500 funds closed in the first half of 2014. If the pace picks up a little, it may be the worst year for closures since 2009 (1,023 hedge fund liquidations). What’s going on? […]
SPINAL—Scientists have used a new drug to repair spinal injuries in lab rats. The drug prevents scar tissue from forming around the injury. This allows damaged nerves to regenerate through blocked areas. Scientists say some rats “recovered so well you could hardly tell there was an injury.” OIL WIN—Everyday, cheap oil means American motorists are […]