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 a short list: 1) My precious primary credit card, the Schwab Invest First VISA is …
Always Look On the Bright Side of Life (PF Edition) Read More »
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. To quote myself: The interest rate on this account is variable and pays quarterly. It …
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 investment that could earn you 3% per quarter, go back and read this post. Here's my …
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 8 quarters where the account has paid the full 3%. What a great run! For …
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 call since it’s paid off at 3% returns for the past 2 quarters! For those …
NC State Employees Credit Union Bridge Account Historical Returns Read More »
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 …
Revisiting the NC State Employees Credit Union Bridge Account Read More »
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 was (note sarcasm). Wow, what an awful month. I was really doing great until about …
Getting Gamed by NC State Employee’s Bridge Account Read More »
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 intent of convincing the novice or reluctant investor to enter the stock market. What happens …
Gaming the NC SECU Bridge Account as a Boost for Declining Interest Rates Read More »
