Revisiting the NC State Employees Credit Union Bridge Account

August 25, 2010 by · 5 Comments
Filed under: Investing, Savings 

Some may recall my initial excitement about learning about and opening my bridge account at the NC State Employees Credit Union back in April 2008 (If you need a refresher on the basics, check back at that post). I checked back in during June of that year, and it just wasn’t going my way. In fact, the S&P 500 finished down for the first 4 quarters I was in the account so I moved most of my money out and largely forgot about it. However, today a friend who read my story actually went to a NC State Employees Credit Union and opened a bridge account. This along with how far money market interest rates have declined piqued my interest about the viablility of the account again. Read more

Yet Another Mortgage Scam – FAIL

August 24, 2010 by · 1 Comment
Filed under: Real Estate 

It seems like I get these letters everyday offering me unbelievably low re-finance rates or some other too good to be true offer involving my mortgage. I can’t imagine how much life they’ve stolen from my shredder at this point.

These letters look so legitimate and expiration dates give people a sense of urgency to act. I can understand why people are taken in. Here’s the latest one I received from some group called the Community Programs Division of ACT with my personal information redacted: Read more