Archive for November, 2006

Changes to Fidelity’s 529 College Plans

Wednesday, November 22nd, 2006

There have been several changes to Fidelity’s 529 College Plans. The most notable are the withdrawal of the 2% rewards card and the introduction of indexed investment options.
Rewards card reduced to 1.5%
The new rewards card is issued by American Express. According to the web page, the features of this card are

1.5% of your net retail [...]

Investment in S&P500 ETF breakevens today

Tuesday, November 14th, 2006

In October, I wrote that an investment into SPY, the S&P500 ETF, at the peak of the S&P 500 on Mar 24, 2000 would breakeven when it reaches a price of $139.23.
After about six and a half years, SPY has finally reached this price. It closed at $139.61 today.

Withdrawing money from Prosper.com

Tuesday, November 14th, 2006

I haven’t written about Prosper.com since April 2006. It seems like nothing much has changed and they still have the very slow ACH funding timeline and you still can only withdraw cash in amounts larger than $25.
Some how I feel that they do not take customers’ feedback seriously, quite unlike Sogoinvest which changed its ACH [...]