Once upon a time, the only type of savings account commonly offered was a passbook account. You were given a little book that you brought to the bank with your deposits, and each record was stamped into this passbook, both deposits and withdrawals, always including a total balance in the account.
Today, there are many different types of savings accounts that are offered to help you save. (more…)
John D. Rockefeller, considered the wealthiest man in modern history (with an estimated wealth equal to $318 billion in 2007 U.S. dollars, according to Forbes), once said, “Buy straw hats in winter.”
The point Rockefeller was making is simple − buy when others are selling, and sell when others are buying. But that’s a whole lot easier said than done, right? Only the confident and courageous move against the herd. (more…)