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It has been two months since I reported that Eloan broke into the online savings market with a super-competitive offer of 5.50% APY for savings account and 5.75% for 2-year CDs. If attracting as many deposits as possible is its goal, Eloan is apparently very successful. According to its own press release, in the first five weeks, it has attracted ... (2 comments)

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It was just like yesterday that we bid farewell to our beautiful house in a neat surbuban community in the Greater Seattle area, and handed over the keys to the new homeowner, but by now it has already been a year since the sale. Yes, in October 2005, we sold our house for $420,000 after commission before we embarked on ... (6 comments)

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When it comes to the car buying process, doing your financing homework is just as important and doing all of the research and homework about the car(s) itself. The financing piece of the car buying puzzle is a very important source of potential profit for the car dealer, so you should not take this part of the car deal lightly. Lets take a look a few dos and donts when it comes to financing your next car purchase. First and foremost is for you to find outside fina...

It has been almost two months since I put a hold onto underwriting more micro-loans at the people-to-people lending marketplace Prosper.com. While I certainly like the regained freedom -- I only checked Prosper.com less than once a week lately and freed up ten minutes a day -- my lending portfolio performance has been getting worse. Compared to 8 late loans ... (27 comments)

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Ahhhh, that new car smell... It's great isn't it? But it comes at a premium. We all know that it's cheaper to buy used instead of new, but if you still don't think you can live without that fragrance of a new car (the real one, not the one you buy from Wal-Mart in the little spray can) - then at least think about following these steps first: 1. Research! If you absolutely have to have a new car, do yourself a favor and spend some time at Edmunds.com and research some of...

Buying a car is no longer a luxury, but a necessity today. Even so, owning one is still beyond the reach of the average person. An auto loan is the answer to overcome this monetary hurdle. Since a loan would require periodical repayments to be made, an assessment of the monthly family expenses would be helpful in deciding how much ought to be allocated toward car repayments. Though a twenty percent spend from the monthly budget is advised by expert opinion, it must be dete...

As mentioned in my latest installment of monthly net worth progress, we have been enjoying some yummy appreciation in my employee stock option (ESOP) account lately. Compared with the multi-year nadir of $6,948 in ESOP account at the end of May, our ESOP has grown, in the last tally, to over $53,000, or 9.2% of our net worth of around ... (14 comments)

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One of the most exciting things on my regular trip back to Seattle is to fetch my postal mails. In fact, in each of the last three trips, my first stop after touch-down was always the UPS Store where I maintain a mailbox. It is always fun to open envelopes with new credit cards I applied weeks earlier, and occasionally ... (16 comments)

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You really cannot believe a person can do this kind of boring work consistently. Cramer Watch compares the stock picking capability of Jim Cramer, the man in the Mad Money, and Leonard, a monkey that throws the darts. The result: both stock-picking accuracy is 50/50, and ROI of the monkey’s pick is even a bit higher than that of Mr …

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The Treasury released the new interest rates for savings bonds this week. Savings Bond Advisor summarized the new rates the best: Combined with the new inflation component of 3.10% that I told you about in my last Savings Bond Alert, the rate gives new I bonds purchased between now and the end of April a six-month composite rate of 4.52 ... (5 comments)

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