Archive for March, 2009

“Tax-free” Dividends from Timber REIT investing

Thursday, March 26th, 2009

Due to the recent bear market, I harvested a huge amount of capital losses (six-digit figure) which I can use to offset against capital gains and income in future years. The offset against capital gains is uncapped, but that against income is capped at $3000 a year.
With that in mind, investments that primarily throw off [...]

Posted in Investing, Tax Issues | 1 Comment »

Application for the Bank of Internet High Yield Savings account

Tuesday, March 3rd, 2009

Earlier last month, I decided to apply for Bank of Internet’s High Yield Savings account. With a name called “Bank of Internet”, one would expect that the application would take place at “internet” speeds. Unfortunately, my experience is quite the opposite. As far as the speed of processing is concerned, this application seems to take [...]

Posted in Personal Finance | 2 Comments »