I’ve been using premium services for investors offered by the Motley Fool and writing about my experiences with the company’s resources, stock picks, investment advice, and tools. So when I write about these, I do it from a unique position--I’m not an expert in picking stocks and I do not invest for a living. In other words, I am a lot like a typical reader who is looking for good information about such investment tools. That means I’m not … [Read more...]
Motley Fool Premium: Is The Investment Advice Worth It?
I’ve been posting my experiences using the Motley Fool Fool Premium service. We’ve covered account setup and recommendations, but one area we haven’t covered here yet is the quality of advice you get from Fool Premium recommendations. And I’m NOT talking about specific stock recommendations, but rather the operating philosophy itself. If Motley Fool services are meant to help an investor--especially a NEW investor--make smart choices about … [Read more...]
How Much Interest Does One Million Dollars Earn?
When I started saving for retirement, I wasn't sure how much money I should save, so I set my first milestone at one million dollars. I'm not there yet, but I'm working on it. Of course, the more I save, the more I earn in interest. But if I save one million dollars, how much interest will I earn? How does interest work? How much interest you earn all depends on your interest rate. If you can match the average annual inflation rate, which … [Read more...]
COVID-19 Scams & Bogus Coronavirus Cures
Sometimes people ask me what I think about the latest news about COVID-19 scams or related coronavirus breaking news; in the case of some of the most recent nonsense (see below) an eye roll is all I can muster--until you realize that there are plenty of people who don’t think about such things until a scammer is practically knocking on your front door to part you from your money. In November 2020, CNBC.com reported that YouTube banned the One … [Read more...]
How Does Bank of America’s ‘Keep the Change Program Work?
How does the Bank Of America Keep The Change program work? This is a type of rewards program that rounds up the amounts of your purchases on qualifying debit cards and transfers the amount rounded up to a Bank of America savings count of your choice. Bank of America describes this as a way to use “everyday purchases as part of your savings plan”. This program, aimed at consumers and not businesses, offers a fun, low-key way to save extra … [Read more...]