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Stories for Monday, October 22, 2007
When workouts will work for those facing foreclosure
The rate of delinquencies on mortgage loans is on the rise now that people who got adjustable-rate mortgages in the mid-1990s are being hit hard by interest-rate resets. This is a cyclical problem and it will probably continue through mid-2008 until it settles down again. Money magazine reports that calls ...
Variable annuities stink!
Clark's strategies for investing infuriate some people. They take issue particularly with the way he steers folks away from variable annuities and toward index funds or tax-managed accounts. But he's not alone in slamming variable annuities. The Wall Street Journal recently presented its reasons why they stink. But first, Clark ...
Websites/phone numbers mentioned:
FTC.gov - File an ID theft complaintCellFire.com - Coupons delivered to your cell phone
Is that luxury purchase really worth it?
When can you really justify making an expensive luxury purchase? Phyllis Furman, a business writer for The New York Daily News, recently wrote on an article on this topic and Clark has taken issues with some of her picks. For example, Furman thinks premium men's watches priced at $900 and ...
Coupons coming to your cell phone
Clark was recently getting a cheese-steak at a greasy spoon he likes to frequent. When the manager asked him for his frequent diner card, he couldn't produce it and missed out on a discount that he should have gotten! Clark is one of those people who has trouble keeping track ...
