LIVING OFF DIVIDENDS & PASSIVE INCOME

I just saw an ad for Bank of America. They now offer $7 stock commissions. Thats a 30% discount on Ameritrade’s $9.99! Of course you need a Prima checking account to avail of this pricing. But if you have $100k in combined balances with them, you only pay $5!!!

Has anyone used them? I think the biggest advantage is the quick transfer of funds between your checking account and brokerage account.

• Its Vacation Time! There won't be too many posts for the next 4 weeks. I'm currently travelling in India this week. On Sunday I leaving for Bali. After that I'm going to Angor Vat, Cambodia, Krabi in Thailand and then Singapore.India is currently booming. The GDP growth for the last quarter was 9.2%......
• Top 10 Reasons Why You're Not Rich Thestreet.com has a good article on Why you're not rich.Here's the summary:You Care What Your Neighbors ThinkYou Aren't PatientYou Have Bad HabitsYou Have No GoalsYou Haven't PreparedYou Try to Make a Quick BuckYou Rely on Others to Take Care of Your MoneyYou Invest in Things You Don't UnderstandYou're Financially AfraidYou......
• Invest in Insurance companies? Insurance companies have taken a beating with all the damage caused by all these hurricanes. Maybe its time to start investing in their stock. We know that a lot of damage has already been done and in New Orleans it won't happen again. [Mainly because nothings being rebuilt!]. Also historically......

• Two Unrelated Topics About Banks So today I have two small posts bunched into one.  The first is a look at why banks aren’t lending, again.  The second was inspired by a recent bank fee I received. Why The Banks Aren’t Lending, Again You remember last year everyone was complaining about why banks weren’t lending? ......
• Advantages of Electronic Bill Pay Are you still holding on to the idea of writing a check for each of your bills? Are you still rifling through your desk for stamps and trying to calculate the number of days your check needs to travel through your vendor’s processing department? If this sounds like your method......
• Is your checking account balanced? It seems that balancing a checkbook is a lost art. This actually makes sense at first glance, since the use of checks themselves has declined dramatically. But while many people just take a look at their bank balance online to decide how much money they have available to spend, there......

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