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Welcome, Ken Reed

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Total number of posts:13
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Joined on 5/18/2011

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Surprise: New insurance fee in health ov...

Here we go again. Every time the Federal bandits say that a tax or fee is "only temporary" hang onto your wallet! Sunset laws just don't happen that often in D.C. Mr. Obama is looking for every way possible to s**** the population to fund his new socialistic programs. Back when Obumacare was signed into law, it appears...more
12/10/2012
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Hey people we are talking about the "geniuses" in Washington DC. So they are thinking of eliminating the $1 dollar bill but keeping all the rest? They have the printing presses running overtime to fund Bernanke's latest QE. Maybe they think that after screwing the country over for the last 4 years, nobody has any curre...more
11/29/2012
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The sad fact is that parents are, in many cases, not qualified or able to teach their children about personal finances. Look at how credit card debt and buying houses that they could not afford worked out for them. It is a real shame that managing money has not been important enough for many years that we are raising y...more
5/15/2012
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The return of the stylish Datsun

I've got a 1971 240Z, all original except for a 5-speed 280Z transmission. It has some problems but can still be referred to as "the poor man's Ferrari". I rode in a new 240Z back in the '70's that was greased lightning. Mine, although far from new with over 150,000 miles and on it, will still take off and corners like...more
3/29/2012
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You'll never get there with these mutual funds. Look at the annualized returns for the first 2 "recommended" funds. You might as well put your money under the mattress. Most mutual funds will underperform the S&P over time. They do not care how well they perform, they will still get their fees. You will do far bette...more
11/3/2011
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Article Comment

Way to go Canada! Thanks for standing up for your residents. The self-righteous, arrogant US government has no right to interfere in Canada or any other country's business. Does the US return the favor for any other country? No! As is pointed out, there are tax treaties in place. The above-God folks at the IRS could...more
9/22/2011
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Couple face foreclosure for paying a wee...

Don't you get it? BofA, and other huge national banks, just don't give a hoot for anyone but themselves. The government decided that they were too big to fail and gave them billions to shore up their toxic loan portfolios. Why did they have those impossibly bad loans in the first place? You know the answer - THEY WERE ...more
8/23/2011
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Cash hoarders make bank uncomfortable

Oh to have such a problem. Maybe Mellon could make a contribution to the Treasury and pay off some of the staggering national debt. First the banks complain that they need bailouts and then they turn around and complain that they have too much money. You can't have it both ways. This looks like just another way to extr...more
8/4/2011
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Should we kill the debt ceiling?

All this BS about defaulting on our sovereign debt is just that - BS!   Who is the holder of the largest chunk of US Treasuries? The entity that has been the biggest "lender" is the Federal Reserve Bank (hardly an independent party). As of September 30, 2010 the US government, according to its financial statements...more
7/26/2011
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