60% of all jobs are found through networking. As someone in the process of searching for a job, the debate about which networking site is better became suddenly relevant to my life. I try not to spend too much time on either site, but I had established an account at both Facebook and LinkedIn and … Read more
Now don’t get me wrong, E*TRADE is a great company and has a very user friendly website. Their inception greatly reduced transaction costs in the market and improved overall market efficiency. And yes, the baby is adorable. But the E*TRADE Baby commercials are a way of talking down to the average person. They’re basically saying … Read more
Bernie Madoff recently plead guilty to running a $65 billion dollar Ponzi scheme. He scammed his investors out of billions of dollars and will likely spend the rest of his natural life in jail. While most of his victims were indirectly affected, many people trusted him with ALL of their savings and lost everything. Not putting all your … Read more
For many Americans, our first exposure to the investing world is through the company 401(K) plan. While IRAs and discount brokerages are important tools in the investment industry, it’s better to begin learning about investments from an employer sponsored 401(K) plan. By reviewing the terms and conditions of a 401(K) plan, you can learn some very sound … Read more
I picked up my mail this morning and was surprised to see a bill from my corporate card. Since my relationship with the firm had been terminated, I worked tirelessly to resolve any financial obligations I still had outstanding. My 401K is being rolled over. I’ve filed for COBRA. And I thought all my bills … Read more
Today, in the face of a huge public outcry, which included complaints from both the Treasury Secretary and the President himself, AIG handed out $165 million dollars in bonuses to their executives, many of whom were the primary culprits in causing the financial crisis we’re in today.  AIG CEO Edward Liddy claimed there were “contractual obligations” that prevented the … Read more
I received my first unemployment check this week.  $541 from the state of Washington. I was actually hoping to get it in the mail so I could take a picture of the check and post it, but due to the magic of direct deposit, I won’t have that opportunity. I guess this post will serve … Read more
Below is a great video explaining the mess we’re in today. Created by Jonathan Jarvis.
Like millions of other Americans, I lost my job earlier this year due to the weak economy. Emotionally, I’ve come up from hitting the bottom, but I still have occasional relapses; days where I leave my pajamas on and stay in bed all day. One of the interesting things about being unemployed is that the … Read more
So what’s the best part of a down economy? Â Playing old clips of financial experts and their market predictions – and making them look like morons. Â John Stewart demonstrates: