Friday, October 15, 2010

Short Takes: Credit Card Arbitrage, Overdraft Fees, and more

My Dollar Plan has an update on Madison’s amazing credit card arbitrage strategy. She borrows a 6-figure sum at a cost that is lower than the interest rate she can get in a savings account. Beware: there are many potentially costly traps for the unwary with this game.

Big Cajun Man has a few choice words for anyone (including himself) who complains about bank overdraft fees.

Money Smarts finds some problems with the free online financial advice service Matthew McGrath promises to address Mike’s concerns.

Financial Highway explains that friends and family are a significant risk for identity fraud.

My Own Advisor tells the story of Grace Groner, a heroine for dividend investors.