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August 19, 2008

Waste Services Industry Consolidation Attempts

Republic Services Inc. (NYSE: RSG), currently trading at $33.15 at Friday's closing bell, is in demand. As the waste industry moves to consolidate, three of the top players are jockeying for the dominating position. The current industry leader, Waste Management (NYSE: WMI) originally announced $ 34/ share bid for Republic Services on July 11th, and more recently raised that offer to $37/ share. Republic Services has rejected both bids saying that the company is worth substantially more than that as an independent entity. Waste Management made its initial offer as a response to the merger, announced June 23rd, between Republic Services and Allied Waste Industries (NYSE: AW). The merger would combine the 2nd and 3rd largest solid waste services companies in a bid to rival the current dominance of Waste Management.

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August 13, 2008

Wachovia Worsens but Still Survives

After initially announcing job cuts of 6350 employees in July, Wachovia (NYSE: WB) this week said that as many as 6950 employees may now be out of work. That doesn’t include recent announcements of the departure of CFO Thomas J. Wurtz, and Chief Risk Officer Don Truslow. Wachovia is expecting the job cuts to cost as much as $650 million as it restructures it workforce. Recent days have seen the announcement of a class action lawsuit from shareholders, regulatory investigations, and increases in the amount estimated losses originally announced just a few weeks ago. Wachovia stock closed Monday at $18.21 per share off from its 52 week highs of more than $50.

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August 11, 2008

Fannie Mae – The Next Six Months are Key

The ailing housing market is driving widening losses at Fannie Mae (NYSE: FNM). According to their latest earnings report, released on August 8th, Fannie Mae showed a net loss of $2.3 billion for the second quarter alone. This comes on top of a $2.2 billion loss reported for the first quarter of this year. This time the loss was primarily driven by higher than expected mortgage defaults and foreclosures. Fannie Mae reports that based on their mortgage portfolio performance in July, they expect things to get worse going forward. Loss reserves were increased by $3.7 billion in the quarter with more cash expected to be reserved against losses in Q3.

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August 6, 2008

General Motors Sales and Stock Price Continue to Decline

It should come as no surprise in this economy that US auto sales are down dramatically. General Motors (GM) last week posted a $15.5 billion loss for the most recent quarter. Fully $9.2 billion of this loss was related to one-time expenses as the company wrote down assets, dealt with restructuring costs and expenses related to ailing Delphi. For the balance of the loss, General Motors cited plummeting SUV prices and poor sales overall along with corresponding declines in its financing operations as the primary contributors to the loss. July 2008’s sales for General Motors fell more than 27 percent compared to the same month a year ago. This compares to Ford’s 15 percent year on year sales decline for July.

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August 4, 2008

Chevron's Q2 Earnings

Chevron (NYSE: CVX) announced its second quarter earnings on August 1st. Although Chevron didn’t match Exxon’s $1500 per second for the quarter, they did earn over $760 for each second of the second quarter. Chevron reported net income of $6 billion up 11% from the same quarter a year ago. That translates to earnings of $2.90/ share diluted, a shortfall from analysts’ consensus estimates of $3.03. Strong oil prices were the biggest contributor to the gain. Natural gas prices were also a strong contributor.

Chevron also reported in their August 1st press release that their refining operations were hurt by the high cost of crude as the price of gasoline did not keep pace with the rising cost of oil. As a result Chevron reported a loss of $734 million in its refining operations.

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July 31, 2008

WaMu Online Savings Goes Up to 3.75% APY

Washington Mutual, sponsor of the WaMu Online Savings Account, raised their interest rate today to 3.75% APY. This new rate makes WaMu the highest of the 15 different online accounts that ManagingMoney.com tracks.

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July 2, 2008

E*Trade Complete Savings Rate Increases to 3.30% APY

E*Trade Financial announced today that they are increasing the rate on their Complete Savings Account from 3.15% to 3.30% APY.

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June 19, 2008

WTDirect Increases Savings Rate to 3.26%

As of June 19th WTDirect's Savings Account rate is officially increasing to 3.26% APY. This marks their first rate increase in 9 months. Recently we have noticed a number of the larger online banks beginning to raise rates as they fight for investor deposits. Although the economy is slowing it is not dead yet and the online savings accounts represent one of the best ways to earn a competitive yield with minimal risk. Wilmington Trust Corporation (NYSE: WL) is a financial services holding company that provides a variety of banking and financial services. It provides Wealth Advisory Services for high net worth clients in 22 countries, and Corporate Client Services for institutional clients in 81 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware.

May 23, 2007

Bank of America Offering NASCAR Checking Accounts

Hoping to build on its newfound expertise in credit cards and on NASCAR fans' loyalty, Bank of America Corp. has begun offering a NASCAR checking account to try to drive more retail business to its automated teller machines and branches. This follows on the heels of the NASCAR RacePointsSM Visa® Credit Card issued by FIA Cards Services, N.A. which we discussed in a previous blog entry. It appears that "sports affinity" marketing and the financial services industry have discovered one another.

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May 15, 2007

Home Depot 1Q profit drops 29.5 percent

Bad weather, soft real estate home sales, and subprime lending problems appear to be catching up with Home Depot, the world's largest home improvement supply chain.

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April 22, 2007

Free Stock Trades and Hot Dogs

ManagingMoney.com recently came across another way our users can Save Money. How about Free Stock Trades? That's right, free. You can't get a much better deal than that.

Zecco.com, a division of Equinox Securities out of Ontario, California, is billing themselves as the industry's first online trading website that provides zero commission stock trading. Investors can make up to 10 trades in any one day up to a total of 40 trades a month at no cost with a minimum initial investment of only $2,500 in cash or securities. If you manage to do over 40 trades in one month the cost is only $3.50 per trade.

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March 25, 2007

Baseball, NFL, NASCAR, and Poker Credit Cards?

If you have read any of our Blog posts before you will know that at ManagingMoney.com we consider Credit Cards to be a necessary evil. You need them to function in our cashless society but you have to be careful as the inappropriate use of credit is a recipe for going broke. Our mission is to help you Save Money and Make Money. Recently, we added a new category to our Credit Card Center, Sports Reward Credit Cards, that may be of interest if you are a fan of certain sports.

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March 4, 2007

FirstAgain Provides Loans to Borrowers with Excellent Credit

A new lender started business recently with an innovative loan product. If you have watched any business news on the TV the last few days, in addition to the big Stock Market swings, you have heard a lot about problems in the sub-prime lending market. Sub-prime loans are loans to borrowers who do not have the best credit credentials. Some big name lenders have gone out of business recently or had to take sizeable writedowns because of delinquent loans. No big surprises there as these are "high-risk" loans anyway.

So who and what is this new, innovative lender and product? How about a lender who only makes loans to people with excellent credit? That's right, I said excellent credit. What a concept. It's about time someone realized that even people with good credit need a loan occasionally and that they deserve preferential rates and terms for having exercised fiscal responsibility.

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January 14, 2007

ETFs Offer Access to the Commodities Markets

New Commodities-based ETFs are opening up commodities markets and commodities-based strategies to the average investor that previously would have been difficult and require sophisticated expertise to implement in their portfolios.

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January 1, 2007

First International Real Estate ETF Launched

On December 19th, right before the Holidays, State Street Global Advisors launched the first Exchange Traded Fund (ETF) designed to track overseas real-estate stocks. The streetTracks Dow Jones Wilshire International Real Estate ETF is traded under the symbol RWX on the American Stock Exchange.

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December 17, 2006

Intuit Teams Up With Kiplinger

Intuit (INTU), the Mountain View California based maker of the hugely popular TurboTax, Quickbooks, and Quicken software titles announced this month a new collaboration with The Kiplinger Washington Editors, Inc.

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December 7, 2006

MedImmune Ventures Scores Big with Vanda Pharmaceuticals

Shareholders of Vanda Pharmaceuticals (VNDA) are not the only happy people today as the stock currently is up over $10 per share on news of a successful Phase III trial of their antipsychotic drug Iloperidone. Another happy party is MedImmune Ventures , Inc., a wholly owned venture capital subsidiary of MedImmune (MEDI). MedImmune Ventures, Inc. was formed in 2002 and seeded over the course of the year with $200 million.To date they have invested in ~15 early and mid-stage biotech companies with Vanda Pharmaceuticals being one of those. Over the last couple of weeks MedImmune Ventures, Inc. has registered to sell 964,000 shares of Vanda. At $25 per share this equals $24,100,000, not a bad start for this young venture capital company.

December 2, 2006

Amazon Starts Competing with Google and Yahoo

Amazon.com is best known for being the largest online book seller, a somewhat dubious distinction as the profit margins in selling books are razor thin. So thin in fact, that a few years ago Barron's ran a front page story calling the company Amazon.bomb. However, despite the low margins and Barrons' forecast of doom, Amazon is making money and has diversified into other higher margin online products like Consumer Electronics and more. In a relatively unnoticed event this month, Amazon also started beta testing of a Search product modeled after Google and Yahoo keyword ads.

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November 23, 2006

ManagingMoney.com Launches State Specific Mortgage Center

ManagingMoney.com is pleased to announce the launch of their Mortgage Center. Unlike numerous other sites where the user is expected to fill out a form in order to receive a competitive mortgage quote, the new ManagingMoney.com Mortgage Center offers State Specific mortgage quotes from both local and national lenders. Users are able to see updated quotes that show rates, APY, points and closing costs. If interested, users can then click through directly to the specific lender to fill out an application or request more information online. The new Center supports purchases, refinancings, and home equity loans. Types of loans available include conventional fixed loans, jumbo loans, adjustable rate mortgages, home equity loans, and home equity lines of credit. All companies listed are actual mortgage companies, not loan aggregators, and any listing showing rates older than 7 days are dropped so users can be comfortable they are seeing timely, relevant information.

November 19, 2006

Morningstar Introduces Long - Short Fund Category

Morningstar Corp. added a new fund category earlier this year called Long - Short Funds. Morningstar, founded in 1984, is considered by most to be the leading provider of independent research and data on the Mutual Fund Industry. They are probably best known for their Star Ranking System, a "quick and dirty" way for an investor to see how a particular mutual fund is performing relative to its' peers on a risk-adjusted basis. Five stars is the best and one star is the worst. They now provide data on over 23,000 Mutual Funds and also track Private Money Managers and Hedge Fund performance.

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November 3, 2006

Halloween Was a Treat for Lions Gate Entertainment

October is traditionally a scary month for investors. Does anyone remember the 1987 Stock Market Crash? This October was, however, quite good for investors, with a number of major indices hitting 5 year highs. This October and Halloween were especially good for an independent film company out of Vancouver named Lions Gate Entertainment (LGF).

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October 23, 2006

Sun Life Decides Not to Sell MFS Funds

What a difference a weekend makes. On Friday, the Dow Jones Newswire announced that Wachovia was in talks to buy MFS Mutual Funds from Sun Life. Well, today, Sun Life has now announced that after a strategic review they have decided not to sell the MFS unit. We were not enamored in the first place with the Wachovia Evergreen Investments division owning MFS, so it appears Wachovia management must have read our review on Friday. Another thought is that recent stock market gains have "helped" the performance of many of the MFS Equity Funds, not to mention increasing fees to MFS as fees are a function of assets. Many analysts are saying that this hurts Sun Life's credibility, but we are actually pleased as no deal is better than a bad deal. This still leaves Putnam Funds hanging out there as they were also mentioned as a buyout candidate. We will keep you informed as events unfold.

Click Here to View the YouTube Video News Release

October 20, 2006

Wachovia Is In Talks To Buy MFS Funds

As a follow up to a story we first reported on September 20th of this year about both MFS and Putnam Funds being on the market, the Dow Jones News Service reported on Friday that Wachovia Corp. (WB) is a potential suitor or joint venture partner for MFS Funds.

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October 8, 2006

Franklin Templeton Launches Emerging Markets Small Cap Fund

Franklin Templeton Investments announced this week the launch of their Templeton Emerging Markets Small Cap Fund. This fund will be the first actively managed fund available to U.S. retail investors that focuses on smaller emerging market companies.

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October 1, 2006

Fidelity Investments Makes Buying Bonds More Transparent

Fidelity Investments, the Boston-based money management giant, is making it easier for online investors who buy bonds to be more comfortable they are getting a good deal. When most people think of online trading, stocks are the first thing that come to mind. However, the Bond Market - U.S. Treasury Bonds, Corporate Bonds, and Municipal Bonds, - is actually bigger in dollar terms than the Stock Market.

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September 23, 2006

Putnam Funds and MFS Funds May Be Sold or Merged

The trend towards consolidation in the Mutual Fund Industry continued this week as two of the biggest players said they were considering selling or merging their mutual fund operations. Marsh & McClennan Cos. (MMC), the owner of the Putnam Family of Funds, and Canadian based Sun Life Financial, the owner of the MFS Family of Funds, both announced they had hired Investment Bankers to look at strategic alternatives for their money management operations.

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September 16, 2006

Quickbooks Teams Up With Google

Intuit, the maker of the popular Quickbooks accounting software, and Google, the Search giant, announced this week their intent to imbed Google's search and advertising products into the new 2007 Quickbooks software.

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September 14, 2006

ManagingMoney.com Launches Payday Loan Database

ManagingMoney.com is pleased to announce the launch of our new Payday Loans Database. Up until now, if a borrower wanted to find a payday loan company they would go to one of the major search engines like Google or Yahoo, type in payday loan, and then be presented with thousands of entries and ads to choose from. The user would then need to "drill down" to each entry and possibly need to read numerous pages to find relevant information like fees and conditions. We have tried to simplify the process by presenting to the searcher a matrix of the top national payday loan providers with data on fees, terms, and both short and long descriptions. Potential borrowers can then apply online directly with the company that appears the most attractive for their particular needs.

September 10, 2006

The 2007 Entertainment Book is Now Available

ManagingMoney.com is pleased to announce that the 2007 Entertainment Book is now available. Any purchases made before September 30, 2006 will qualify for Free Shipping. One of our mandates at ManagingMoney.com is to help our users Save Money, and the Entertainment Book has long been one of our favorite ways to do just that.

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September 2, 2006

Washington Mutual Offers WaMu Free Checking TM Account

Washington Mutual, also known as WaMu, has joined in the competition for your online savings account dollars with the introduction of their WaMu Free Checking TM. Starting off with a 5% Introductory APY for investors that open both a Savings Account and a Checking Account, the account also offers a number of bells and whistles potential investors should find attractive.

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August 26, 2006

ManagingMoney.com Blog Joins Technorati

ManagingMoney.com is pleased to announce that we have added our Blog to the Technorati community of bloggers. Currently tracking over 52 million blogs, Technorati is the recognized authority on what's going on in the world of weblogs. The ManagingMoney.com Blog can be found under tags such as money, investments, economics, and personal finance. Check out our Technorati profile when you have the chance here: Technorati Profile

August 24, 2006

Schwab Launches Managed Mutual Fund Product

Charles Schwab & Co., Inc. announced yesterday the launch of Schwab Managed Portfolios (TM). Schwab Managed Portfolios consists of eight pre-defined mutual fund portfolios, each of which has a different objective and risk profile. Available for a minimum investment of $50,000, each portfolio will consist of upwards to 12 different mutual funds, with the specific fund selection and allocation managed by Charles Schwab Investment Management.

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August 17, 2006

ManagingMoney.com Adds UK Credit Cards

We are very excited to announce the addition of United Kingdom (UK) Credit Cards to our Credit Card Center. The addition of UK credit cards complements our existing United States and Canadian credit card listings and now brings our total card listings to over 150 credit cards. The addition of this new category is also in line with our corporate strategy to position ManagingMoney.com as a global personal finance portal.

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July 28, 2006

Emigrant Bank Raises Interest Rate to 5.15% APY

Emigrant Bank, sponsor of the popular EmigrantDirect American Dream Savings Account , continues to be a leader in Online Banking when they raised their interest rate this morning to 5.15% APY. This increase has admittedly caught us by surprise as Ben Bernanke, Chairman of the Federal Reserve, signaled at their last meeting that interest rate increases were likely on hold for a while. The Fed said there were signs that the economy was slowing and that although controlling inflation is important, the Fed wanted to balance that against risking pushing the economy into a recession with an overally restrictive fiscal policy. Emigrant apparently wasn't listening and has instead decided that attracting depositors with attractive interest rates is more important. We suggest investors take advantage of these high rates while they can. Guaranteed, they will not last forever.

July 4, 2006

Emigrant Bank Goes to 5.00% APY

Emigrant Bank, sponsor of the popular EmigrantDirect American Dream Savings Account ,increased their interest rate to 5.00% APY this morning. Happy July 4th! Three of the nations top Banks are now at 5% or greater on their savings accounts. Emigrant today followed the earlier lead of Citibank and Everbank who both went to the 5% range immediately after Ben Bernanke, Chairman of the Federal Reserve, last raised rates. At the risk of being wrong, we think this is it for a while. The Fed implied that any rate changes going forward will be based on the health of the economy, not inflation concerns. As the economy is showing some weakness in Real Estate and the consumer is dealing with high energy prices, we feel the Fed will hold off on any more rate increases for a while. If we end up being wrong, we would appreciate someone sending us a new crystal ball.

June 26, 2006

CitiBank e-Savings Account Goes to 5.00% APY

Just when we thought it couldn't get any better Citibank today raised the interest rate on their e-Savings Account to 5.00%. Last week we reported that Emigrant went to 4.80%, but now Citibank has retaken the throne. Regional Bank stocks took a beating last week as many reported a significant outflow of deposits. Since Citibank launched their e-Savings account a couple of months ago they have had a net inflow in excess of $3 billion in deposits. That money had to come from somewhere and we suspect the smaller banks is where it came from. Any investor can now open up numerous online accounts and electronically move their money to those paying the highest rates. Once again the Internet is leveling the playing field to the benefit of the consumer. You can search and sort the rates from the major Online Banks by visiting the ManagingMoney.com Banking Center. Stay tuned as this new banking battle heats up.

June 22, 2006

Emigrant Increases Savings Rate to 4.80% APY

Emigrant Bank, sponsor of the popular EmigrantDirect American Dream Savings Account ,increased their interest rate to 4.80% APY this morning. This makes their rate one of the most competitive in the country. Rates have consistently been rising for months now, but even we are a bit surprised by this increase. Emigrant seems to be wanting to replace Ben Bernanke, the new Chairman of the Federal Reserve, by raising rates even before the Feds next meeting. This implies that competition is stiff among the online banks. We still expect the Fed to stop raising rates soon as the fine line between protecting against inflation and shifting the economy into a recession is probably being approached. Investors should take advantage of these high, insured rates while they can.

Franklin Templeton Launches Global Real Estate Fund

Franklin Templeton Funds announced on Monday the launch of their new Franklin Global Real Estate Fund. This comes on the heels of ING Funds that announced back in March of this year the launch of their International Real Estate Fund. It appears that the "securitization" of the global real estate market has started.

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May 31, 2006

ING Increases Savings Rate to 4.25% APY

INGDirect, the sponsor of the popular Orange Savings Account, raised their interest rate this morning to 4.25% APY. This follows Emigrant which raised just last week. One of the reasons given yesterday for the Stock Market's large decline was that investors were concerned that the Federal Reserve would continue to raise interest rates based on a strong economy. We are starting to become a little skeptical that rates are going to continue to rise, particularly with oil prices continuing to go up and obvious softness in the Real Estate market. Therefore, this is a good time for Online Bank investors to get a competitive yield with no risk to principal. See our Banking Center for a listing of all our Online Savings Account and CD providers.

May 26, 2006

Emigrant Increases Interest Rate to 4.65%

Emigrant Bank, sponsor of the popular EmigrantDirect American Dream Savings AccountTM raised their interest rate today to 4.65%.

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May 6, 2006

Countrywide Bank Raises Interest Rate to 4.15% APY

Countrywide Bank has raised the interest rate on their Online Banking product to 4.15% APY. This follows INGDirect which also went to 4.15% APY a week ago. In addition to Online Savings, Countrywide also offers competitive Certificate of Deposit rates. If you are not taking advantage of the high interest rates available from the online banks you are really missing out. Most of the online rates are double what conventional banks are offering. In addition, the accounts "link" to your existing bank accounts making it easy to transfer funds between the two and they are also FDIC insured. You can see our complete selection in the ManagingMoney.com Banking Center.

May 1, 2006

ING Raises Interest Rate to 4.15%

ING Direct, the sponsor of the popular Orange Savings Account raised their interest rate yesterday to 4.15% APY. This is good news for investors looking for safety and a competitive yield on their savings. All year interest rates have been inching up as the economy continues to perform well. ING is consistently one of the leaders with their rates. Online accounts like the Orange Savings are meant to complement an investors existing bank account rather than replace it. Investors "attach" their Orange Savings Account to one or more other traditional accounts and can then "sweep" extra funds from their low interest accounts into the higher-yielding ING account. Be sure to check out our Banking Center where you can compare rates on over 16 of the more popular National online bank accounts.

April 17, 2006

Quicken & UnitedHealth to Develop Health Care Software

Intuit, the maker of the popular Quicken Personal Finance Software and UnitedHealth Group announced last week their intent to develop a series of Quicken-branded software products to help consumers more effectively manage their health care use. Although not scheduled for release until 2007, Intuit and UnitedHealth are already encouraging other health firms to join the initiative. The software is to be designed to allow consumers to view and organize payments and medical records from both their doctors and hospital. ManagingMoney.com thinks this idea is way overdue and wish it was available yesterday as opposed to 2007. We will keep you informed as to the actual product launch.

April 5, 2006

First Micro-Payment IRA Introduced

Ark 252 announced this week the introduction of the first micro-payment IRA Account. Called the Daily IRA, the account allows investors to invest as little as $1.00 per day into an IRA mutual fund account.

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April 4, 2006

EverBank FreeNet Checking Goes to 5.51% APY

One of the best "teaser rates" we are seeing in the Internet Banking space is the EverBank FreeNet Checking Account.They are currently offering 5.51% APY for the first three months for new customers. The account also comes with free online banking, free check writing, and a free Visa® CheckCard. At the end of the three month period EverBank guarantees you'll continue to earn a yield that ranks in the top 5% of competitive accounts as tracked in the Bank Rate Monitor National Index™ of leading banks and thrifts. With a minimum of only $1,500 to open an account, FDIC insurance, no monthly fees , and a 100% satisfaction guarantee, this is probably worth a look.

April 3, 2006

Fidelity Contrafund is being Closed to New Investors

Fidelity Investments has announced that they will be closing their Contrafund to new investors effective April 28th. 2006. The Contrafund is currently Fidelity's largest fund, surpassing even their better known Fidelity Magellan Fund.
Why are they doing this? Is this a good thing?

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March 30, 2006

ProFunds Launches First "Short" Japanese Fund

ProFunds announced today the launch of the first country-specific mutual fund for investors who believe the Japanese markets are ready to drop. Called the UltraShort Japan ProFund, the funds objective is to gain twice as much on a percentage basis as any decline on the U.S. traded, dollar-based Nikkei 225 futures contract on a daily basis.

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March 28, 2006

First Oil ETF Expected to Launch Next Week

MarketWatch is reporting that the American Stock Exchange has filed to launch the first Exchange Traded Fund (ETF) that would track crude oil prices. This would be a new vehicle available for individual investors to try to make money based on their evaluation of the direction of crude oil prices as opposed to previously only being able to use mutual funds, individual energy stocks, or riskier futures investing. www.marketwatch.com/News/Story/Story.aspx?guid=%7B5AF466F0%2D7629%2D47C1%2DA21E%2D0969CAFB1498%7D&dist=rss&siteid=mktw

March 22, 2006

Fidelity Funds Team up with Amazon.com

Fidelity Funds announced this last week that they are sponsoring a "Financial Services Store" on Amazon.com.

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March 20, 2006

ING Launches International Real Estate Fund

ING Funds, a part of ING U.S. Financial Services, announced last week the launch of their newest fund, the ING International Real Estate Fund.

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March 3, 2006

Morningstar Begins Assigning "Star Rating" to Exchange Traded Funds (ETFs)

Morningstar, Inc., long associated with giving "star ratings" to open-end mutual funds announced today that they are also now rating Exchange Traded Funds (ETFs).

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March 2, 2006

Fidelity Funds Improve Life-Cycle Freedom Funds

Fidelity Funds announced this week some changes meant to improve both the performance and the attractiveness of their Life-Cycle Freedom Funds.

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February 17, 2006

Countrywide Bank Raises Money Market Rates

Countrywide Bank raised their Money Market Interest Rate today to 4.25% APY for balances of $50,000 or more and to 4.01% APY for smaller balances.

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February 16, 2006

Schwab Launches Inflation Protected Fund

Charles Schwab Investment Management, a subsidiary of Charles Schwab & Company, Inc., announced yesterday the launch of a new fixed-income fund called the Schwab Inflation Protected Fund.

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February 10, 2006

American Century Funds Team Up with Lance Armstrong

In what might be a first in the Mutual Fund Industry, American Century Funds is teaming up with Tour de France champion Lance Armstrong to launch a new series of Funds where a portion of the investments will be donated to the Lance Armstrong Foundation to help in the fight against cancer.

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February 6, 2006

State Street Global Advisors Launch Three New ETFs

State Street Global Advisors today announced the launch of three new Exchange Traded Funds (ETFs). The three new ETFs specifically target the Biotech, Semiconductor, and Homebuilder industries.

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February 2, 2006

Vanguard Group and Harbor Fund both Introduce Small Company Funds

The Vanguard Group and Harbor Fund no-load fund families both announced this week new small company growth funds to their lineup of mutual funds.

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January 27, 2006

Emigrant Goes Up to 4.25%

Emigrant Bank, sponsor of the popular EmigrantDirect Savings Account raised their interest rate today to 4.25%.

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January 19, 2006

INGDirect Raises Interest Rate to 4.75%

INGDirect, the sponsors of the popular Orange Savings Account raised their interest rate on new deposits to 4.75% today. The battle for online Savings Account deposits continues to heat up, with the two main contestants being...

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