If you are in the market for the highest bank CDs or a high-yield savings account, consider using MoneyAisle. 

MoneyAisle is an online auction marketplace where consumers find the best rates on bank CDs and high-yield savings accounts for free. The concept is quite simple: have banks actively bid against each other in live auctions for each individual consumer request making the customer win.

MoneyAisle’s has a safe, transparent auction, providing consumers with free access to great deals in real time with instantaneous results; you are offered the best rate available on their platform in just a couple of minutes.

All MoneyAisle participating banks are FDIC insured (currently $250K) and are further pre-screened through an independent bank rating agency, to provide consumers with additional peace of mind

MoneyAisle eliminates the buyer’s burden of time-consuming comparison shopping by providing free, live, on-demand auctions, 24/7. In addition, MoneyAisle does not accept any advertising, which keeps them completely independent of any outside advertiser influence.

For more information visit MoneyAisle.com.

MoneyAisle in the News

Find CDs High-Yield Savings with MoneyAisle

If you are new to buying or selling stocks then you should be familiar with the various buy and selling options available to you.  Below is an explanation of the different buy/sell options:

Market Order – order to buy or sell a stock immediately at the best available current price; no price can be specified in this order. This order guarantees execution, but does not guarantee execution price.

Be wary of using market orders on stocks with a low average daily volume: in such market conditions the ask price can be a lot higher than the current market price (resulting in a large spread). In other words, you may end up paying a whole lot more than you originally anticipated. It is much safer to use a market order on high-volume stocks versus low-volume stocks. Buy market orders are executed generally at the ASK price.

Limit Order  - order to buy or sell a stock at a particular price. The purchase or sale will not happen unless you get your price. Limit orders give you control over your entry or exit point by fixing the price, which can be helpful.

Stop Order – order to buy or sell a security when its price surpasses a particular point, limiting the investor’s loss or locking in his or her profit. Once the market price surpasses the predefined entry/exit point, the stop order becomes a market order, and is then handled as defined under the definition of a market order.

This type of order is also referred to as a “stop-loss order”. Stops are not a definite guarantee of getting the desired entry/exit points. For instance, if a stock gaps down then the trader’s stop order will be triggered (or filled) at a price significantly lower than expected.

Stop Limit – order used to open or close a position by buying if the market rises or selling if the market falls, but that turns into a limit order when the stop price is triggered. Stop limit orders have a stop price and a limit price. When the stop price is triggered, the limit order is activated.

The stop price for buy orders is placed above the current market price. The stop price for sell orders is placed below the current market price. The stop price does not need to be the same as the limit price. Just as with a limit order, the stop limit order will be filled at the limit price or better, but may not be filled at all.

Trailing Stop  - order that continually adjusts the stop price based on changes in the market price. A trailing stop to sell raises the stop price as the market price increases, but does not lower the stop price when the market price decreases.

A trailing stop to buy lowers the stop price as the market price decreases, but does not increase the stop price as the market price increases. In both cases, the stop “trails” the market price. When the stop price is reached, the order becomes a market order. The same risk of market orders applies to trailing stops.

Trailing Stop Limit – order type that works the same way as the trailing stop, only instead of a market order being sent to the exchange, a limit order will be sent to the exchange. With this order, you will be able to stipulate the worst price you are willing to accept for a fill. There is no guarantee that you will be filled, though, as the price may gap through your limit price.

Market on Close - order that buys or sells at the market price at the close of trading. You must submit the order by 2:40 pm CT. The same risk of market orders applies to MOC orders.

Limit on Close - order that buys or sells at a limit price at the close of trading. You must submit the order by 2:40 pm CT. The order can be filled at the limit price or better, but is not guaranteed a fill.

Good Till Canceled – order instructs your broker to keep the order active until you cancel it. Obviously, you use this order with other order types to specify a time frame for the order.  Some brokers have limits on how long they will hold a GTC order.

Day Order – any order that is not a good till canceled order. If your broker does not fill your order that day, you will have to re-enter it the next day.

All or None – order states you want the entire order filled or none of the order filled. You would use this type of order for thinly traded stocks.

Below is a very interesting video series titled “Corrupt Banking System”. There are 5 videos titled, “Cartels Robbing the Public”, “How Money is Created” “Money is Debt”, “Monetary Reform” and “Warning About the NWO”.  Enjoy!

1. Corrupt Banking System – Cartels Robbing the Public (1/5)

2. Corrupt Banking System – How Money is Created (2/5)

3. Corrupt Banking System – Money is Debt (3/5)

4. Corrupt Banking System – Monetary Reform (4/5)

5. Corrupt Banking System – Warning About the NWO (5/5)

President Obama signed the American Recovery and Reinvestment Act into law February 17, 2008. The good news is that the stimulus bill gives tax breaks to a large portion of Americans of all ages and income levels, as well as to businesses.

According to the White House, the new American Recovery and Reinvestment Act will give tax breaks to 95 percent of workers and their families through the Making Work Pay Credit.

The law contains many other tax breaks that should provide a financial boost to everyone from the unemployed and low-income, to families with children and children in college, to first-time homebuyers, and taxpayers buying new cars.

Below is who will cash in on the stimulus package:

Workers

Workers and the self-employed will get a payroll tax credit for 2009 and 2010 of up to $400 a year for single taxpayers and up to $800 for couples filing jointly.

Unemployed

The new bill makes the first $2,400 of unemployment income nontaxable.

First-time homebuyers

First-time homebuyer increases from $7,500 to $8,000 for primary residences purchased between January 1, 2009 and November 30, 2009, and eliminate the requirement that the credit be repaid, as long as the house isn’t sold within three years.

College students

The Hope Credit for college costs is increased to $2,500 for 2009 and 2010, covering 100 percent of the first $2,000 of tuition and related expenses per year and 25 percent of the next $2,000.

The credit is available for all four years of college, up from only two years, and covers the cost of books. It is 40 percent refundable, and begins to phase out at $80,000 of Adjusted Gross Income for singles and $160,000 of Adjusted Gross Income for married couples.

New car buyers

Buyers of new cars, light trucks, SUVs, motorcycles and motor homes during 2009 can deduct the state sales or excise tax they pay, even if they don’t itemize their deductions.

This break starts phasing out for single taxpayers with Adjusted Gross Income over $125,000 and couples with AGI over $250,000.

Families

More couples who file jointly and have children will qualify for the Earned Income Credit. The tax package starts the phase-out range at $21,420, an increase of $1,880. Also in 2009, the credit increases for families with three or more children to 45 percent of the first $12,570 of earned income, up from 40 percent.

Plus, the Child Tax Credit will cover more low-income earners: For 2008, the credit is refundable to the extent of 15 percent of an individual’s earned income in excess of $8,500; for 2009 and 2010, that floor drops to $3,000.

Retirees, veterans and the disabled

Because the payroll tax credit only goes to employees and the self-employed, the bill adds something for others as well: a one-time payment of $250 to recipients of Social Security benefits, Railroad Retirement benefits, Supplemental Security Income payments, and pension and disability benefits from the Veterans Administration.  Government retirees who don’t get Social Security will also get a one-time refundable tax credit of $250 in 2009.

Homeowners

The 10 percent tax credit for energy-saving home improvements climbs to 30 percent and is extended through 2010. Improvements that qualify for the credit include energy-efficient skylights, windows and outer doors, along with energy-saving water heaters, central air conditioners and biomass stoves.

The bill also eliminates individual credit caps for the different types of property, and instead imposes a $1,500 cap on all qualifying property.

Middle-income taxpayers

To keep millions of middle-income taxpayers from being forced to pay the Alternative Minimum Tax (AMT) for 2009, the measure increases the minimum tax exemptions to $70,950 for couples filing jointly and $46,700 for single filers. Otherwise, the exemptions would top out at just $45,000 for couples and $33,750 for singles.

Small businesses

Special 50 percent, first-year bonus depreciation is revived for assets bought and placed in service during 2009. Businesses that averaged $15 million or less in gross receipts over the past three years will be allowed to carry back losses for five years instead of two. The easing applies only to 2008 losses.

Related Articles:

• Where’s the Money Going in Obama’s Stimulus Package?
• Stimulus Package Helps Military Families Sell Homes
• Your Share of Obama’s Stimulus Tax Breaks
  

According to Kiplinger, every year United States taxpayers overlook tax deductions that could save them money. Below are the 11 most common overlooked tax deductions.

The great thing about doing your taxes using a computer program, such as Turbo Tax, is that it can help you to avoid these mistakes. TurboTax ensures that you find tax deductions you may have missed or even consider.  If you miss claiming tax breaks, you are overpaying the IRS, which we all do not want.

The 11 Most Overlooked Tax Deductions are as follows:

1.  State sales taxes
2.  Reinvested dividends
3.  Out-of-pocket charitable contributions
4.  Student loan interest paid by Mom and Dad
5.  Moving expense to take first job
6.  Military reservists’ travel expenses
7.  Child care credit
8.  Estate tax on income in respect of a decedent
9.  State tax you paid last spring
10. Refinancing points
11. Jury pay paid to employer

For more information visit Turbotax.Intuit.com.

Have you ever seen a product that you thought was a great idea, yet simple and wondered why I never thought about it?  I ran across an article about a couple (Todd and Rahn Basche) that created a combination lock using easy to remember words instead of numbers.  Darn, why didn’t I think of it first? Remembering a simple 4 to 5 letter word is much easier than remembering numbers.

When Todd Basche came up with the idea, he first went shopping for a word combination lock and couldn’t find one.  As a result, his company, Wordlock, Inc. was born in 2007.  Prior to founding Wordlock, Mr.Todd Basche was Vice President of Software Applications at Apple where he was responsible for iPhoto, iMovie, iDVD and iTunes.
 
The company has a patented an algorithm which creates thousands of 4 and 5 letter words which removes inappropriate words from the dials. Wordlock locks are made of hardened steel, and are used on luggage, bikes, lockers, and anywhere a standard numerical lock might appear.

Wordlock locks are sold at Target, Ace Hardware, Kmart, Sears, True Value, Walgreens and online at Amazon.com, Edwards Luggage, HSN, just to name a few.

Visit Amazon.com to buy Wordlock Locks.

Social lending networks are booming!  Internet based services such as Virgin Money, Prosper Investing / Prosper Borrowing, and Lending Club use online collaboration with credit analysis tools to match lenders with borrowers.  This creates a win-win scenario for both the lender and borrower.  Lenders get an above market rate from their investment, while borrowers get easier access to credit at a decent interest rate.

Social lending networks allows borrowers with good credit access to personal loans at interest rates more attractive than those available from conventional funding sources such as banks and credit cards.  Social lending networks use an auction style process connecting borrowers with lenders offering the best terms.

Lenders are now pumping $250,000 in capital per day into Lending Club with about 95% of loans over the past month being fully funded.  In 2008,  Lending Club generated over 2,500 loans totaling $21 million (approximately $9,000 per loan).
 
Lenders at Lending Club fund specific borrowers with an interest rate of 6.69% to 19.37%, minus a service charge of 1%. Borrowers must complete a loan request online and can instantly view the interest rate they qualify for.  It’s free to check interest rate, however there are strict credit-standards that must me met, such as a minimum FICO score of 660.  So if you have bad credit you are out of luck. The interest rate is fixed for the full three-year duration of the loan. As part of the loan application, a borrower must provide a social security number and other identifying information. 

Below are 2 videos;  the first is about getting a loan at Lending Club and the second is of the CEO of Virgin Money being interviewed on CNN about the benefits of social lending.

Video: Getting a Loan at Lending Club

Video: What Works – Social Lending

For more information visit LendingClub.com, VirginMoneyUS.com and Prosper Investing / Prosper Borrowing.

Related Article: Get a Personal Loan via the Internet