Archive for the 'Personal Finance' Category

Direct deposit to Vanguard MMF?

Thursday, May 10th, 2007

A few of the brokerages I know, including Vanguard and Fidelity, allows you to direct deposit your paycheck into their money market fund (MMF) automatically. This sounds like a convenient feature to have as the money will be earning market rate interest and is ready for immediate investment.
Recently, I decided to investigate the feasibility of […]

Why an IFA is unable to appreciate term insurance

Wednesday, May 9th, 2007

This Morningstar post made a reference to the quote by Upton Sinclair:
 ”It is difficult to get a man to understand something when his job depends on not understanding it.”
It really reminds me why some IFAs I have encountered in the Sg cyberspace could never admit that buying term insurance and investing the money in low-cost […]

Private information exposed at Turbo Tax online

Wednesday, April 11th, 2007

This post was prompted by a recent post at the Bogleheads forum. A woman “discovered a key to the backdoor of some tax returns filed online through Turbo Tax and was able to access tax returns for Turbo Tax customers she never met in different parts of the country. On her screen, she […]