Undoubtedly, the most appealing feature of money market funds is their extremely low risk.  For all intents and purposes, it’s nil.  But last week the SEC proposed new rules that would allow money market managers ... (more)

If you’re sued and lose, can they take your IRA? That was the question a reader posed on one of my older posts, Who Needs an Umbrella, about umbrella insurance policies.  Here’s the question from J. ... (more)

I can’t help myself.  Whenever I see a Hummer on the road, I’m compelled to look at the driver to see what kind of a douche would drive such a thing.  I have done this ... (more)

Sometimes I get carried away on this blog.  I fall into the trap of living in a narrowly defined world.  I read lots of personal finance blogs and the Wall Street Journal.  I think about ... (more)

I just discovered a great plus side to the inflation we’re all experiencing (well, the inflation regular gas and grocery-buying people are experiencing) - easy weight loss! I’m nothing if not predictable.  A couple of months ... (more)

With a mortgage loan bailout package making progress through Congress, I wanted to post a letter in response to an editorial from the Wall Street Journal: “I purchased the small house in which I currently reside ... (more)

In the past two days, there have been two very important court rulings you should know about.  The first involves US currency and the second involves municipal bonds. Yesterday, the US Court of Appeals DC circuit ... (more)