Friday, July 20, 2012

Short Takes: Impossibly High Yields, Payday Loans, and more

Jason Zweig looks at the incredible appetite investors have for high-yield investments despite the fact that these yields are mostly just a return of investor capital.

Million Dollar Journey explains payday loans and their regulations. He points out that the typical annual interest rate is 652%. But this is based on “simple interest” which doesn’t exist in the real world. Compounded out, this is about 33500%!

Rob Carrick reports that some Canadian debit card users now have access to the global Visa debit network.

Big Cajun Man implores readers to call their bank’s bluff and jump to a new bank.

Preet Banerjee reports on some recent research into shoppers’ troubles with math.

The Blunt Bean Counter asks whether you’re selfish with your money and financial advice.

Jim Yih has a new book out about guaranteed investments.

2 comments:

  1. Thanks for the link, and it's never too late to change.

    ReplyDelete
  2. Hmmmm, reaching for high yield investments. That couldn't cause investors' to do all kinds of stupid things, could it?

    ReplyDelete