A couple of years back, using the term income inequality would instantly label you as a fulminating left leaning socialist or other extremist out to reform decadent America, but if the heat and dust of campaigning that 2015 has witnessed is any indication both Republicans and Democrats are debating the term with gay abandon, and as if not be to left behind this has become a cause célèbre of sorts for Wall Street as well. Following the injurious impact of the recessionary period, income inequality has assumed importance as a potent economic factor affecting the multifaceted world of investments,...Read more
The Fourth Amendment gives adequate protection to a citizen preventing his being stopped and questioned for DUI or any other offense unless the Police Officer presents compelling evidence or probable cause for his action. By virtue of this ruling an Officer cannot pull over a vehicle arbitrarily and has to be justified in following through with traffic stop procedures. Merely suspecting criminal behavior or following up idle curiosity is not sufficient grounds for a traffic stop. There must be clear cut violation of the law or clearly discernible infringement of rules or a visible pattern of... Read more
Success in personal finance is often linked to how we perform in the long term and nothing exemplifies that more than how effective we are in forfeiting many of our short term gains. The basic question boils down to whether you are really up to the task of sacrificing your comforts in the short term to ensure you reach your long term objectives.Acquiring the habit of stashing something away for retirement
If you are intent on saving for future needs it necessarily implies that there will be less cash available for domestic needs. In some ways that could be a good idea because one learns... Read more
Making the down payment without losing focus on that new home
With the down payment on FHFA regulated fresh mortgages climbing down from 5% to 3%, the real estate scenario has taken a turn for the better. The move also highlights the urgent need to save for meeting closing costs and for creating ample reserves for meeting much needed repairs and related expenses that become unavoidable when the individual shifts to new ownership.
The savings conundrum
It is a disturbing statistic that the level of saving has seen a drastic reduction over the years from a healthier 15% to a weaker 5%. Loss... Read more