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Reverse Mortgages: The Next Subprime Mess?

Read the following paragraphs from an article titled Reverse Mortgages: The Choices Expand ($) that was in today’s Wall Street Journal: In the past, the reverse-mortgage market has been constrained by...

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What Are Your Thoughts On Reverse Mortgages?

Remember back in November when I posted Reverse Mortages: The Next Subprime Mess? Well, the March 2008 issue of Kiplinger’s has a similar article titled A New Mortgage Mess on the Way? Something to...

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How Much Does a Reverse Mortgage Cost?

I just did a hypothetical reverse mortgage calculation using this calculator. For the calculation I used a birthdate for the husband of January 1, 1945 and June 25, 1945 for the wife. I also assumed...

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Today’s Inspirational Point

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How Long Did It Take the Dow to Recover from 1987?

Here’s something for Throwback Thursday… The Dow Jones Industrial Average had a closing peak in 1987 of 2,722 on August 25. It didn’t close that high again until nearly two years later on August 24,...

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The Basics: The Difference Between Averages

I came across an article last night that stated that the average annual return for the S&P 500 was 12% from 1926-2014. The way this author arrived at 12% was to add up all the yearly returns over...

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Willis Carrier’s 3-Step Method for Dealing with Worry

I was going through Dale Carnegie’s book notes and came across this advice from Willis Carrier for dealing with worry: Step I. Analyze the situation fearlessly and honestly and figure out what is the...

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Friday’s Quote of the Day: Life

Have a great weekend!

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The Unemployment Rate is 5.1% (NOT REALLY)

While perusing the WSJ this morning, I came across an article that stated that the unemployment rate is now down to 5.1%. Unfortunately, the labor participation rate now sits at 62.4%. When President...

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My Favorite Commercial Right Now

I saw this commercial over the weekend and thought it was worth sharing. I love the message.

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Dawn Dish Soap’s Been Hit with the Shrink Ray

I don’t know about you guys, but I’m sick and tired of companies reducing the size of nearly every product (but leaving the price the same). The latest product hit with the shrink ray (as far as I can...

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The Slippery Slope of Corruption…

I read the following story in the Nov. 2 issue of Forbes. It was in a piece by Amity Shlaes: BACK IN THE 1980s a man who sat on the Los Angeles County Regional Planning Commission told a story about a...

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Reaching Dow Jones Industrial Average Thresholds

The DJIA closed at 300 on December 31, 1928. It took nearly 26 years for it to reach the 400 threshold! Once it reached 1,000 in late 1972, it “only” took about 14 years to reach 2,000. It’s important...

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Thursday Diversion: Losing the First Two Games of the World Series

I have an inquiring mind. I must know stuff. One of the things I have wondered about was how the World Series plays out. For instance, when a team wins the first game, how often have they gone on to...

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Question of the Day: Oil Prices

Remember back during the Bush presidency when people were crying about oil prices and whining that big oil set the price of oil? Take a look at this chart: So, here’s my question of the day: If “big...

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Mike Rowe on Jobs

I caught this video today and thought it was worth sharing. I’m a Mike Rowe fan. He has common sense, which seems to be a rarity these days. He said a couple of things that stood out to me: “…when...

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Progressive Income Tax is For the Birds

Watch this:

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IEA: Oil Prices to Remain Low Until 2020

From this morning’s Fortune CEO Daily email: Oil prices are unlikely to return to $80 a barrel before the end of the decade, the International Energy Agency said this morning. And if OPEC continues its...

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Sad…

Who teaches these kids this silliness? Where do these ideas come from? Happy Friday, everyone! Watch the latest video at video.foxbusiness.com

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