I thought I'd start your day with this video this morning, but it's more for me than for you because I've been lamenting all the crappy financials news I've been getting lately. It just seems to be piling on. Here's…
Tag: NC State Employees Credit Union
NC SECU Bridge Account Terminated
I am very sad to report that NC State Employees Credit Union is shutting down their bridge account program. Originally started in 2007, the account offered a relatively risk-free way to play the markets. It was great while it lasted.…
NC SECU Bridge Account: Abandoning Ship
I think it's time to move your money out of the NC State Employees Credit Union bridge account for the remainder of the quarter. If you don't know what I'm talking about or want to know more about a risk-free…
Tagged with: NC State Employees Credit Union
NC SECU Bridge Account Q1 2011 Return
Good news! The North Carolina State Employees Credit Union bridge account should be paying its investors 3% again this quarter because the S&P 500 rose 5.42% for the quarter. This is the 3rd straight quarter and 7 of the last…
Tagged with: NC State Employees Credit Union
NC State Employees Credit Union Bridge Account Historical Returns
Back in August 2010, I recommended a move into the NC State Employees Credit Union Bridge Account as a good risk compared to the low returns offered in traditional money market accounts. That has turned out to be a prescient…
Tagged with: NC State Employees Credit Union
Revisiting the NC State Employees Credit Union Bridge Account
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…
Tagged with: NC State Employees Credit Union
Getting Gamed by NC State Employee’s Bridge Account
Many of you will recall my excitement in early April when I moved my cash over to my bridge account which generates interest based on the returns of the S&P 500. June has proved what an absolutely brilliant move that…
Gaming the NC SECU Bridge Account as a Boost for Declining Interest Rates
First let me describe what a bridge account is, and then I’ll go into how I’m gaming it. In mid 2007, my credit union began to offer what they call a bridge account. The account is set up with the…
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