The other day a friend of mine asked me for recommendation for a personal finance book. I recall plowing the “Personal Finance” shelves in the Barnes&Noble bookstore one day to find myself a good read. What I was looking for is a comprehensive guide that is concise and well-presented, sort of like a travel guide and unlike an actuarial exam study manual. Then I came across this book whose title says “Personal Finance in Your Twenties and Thirties.” Perfect! Their target audience includes me – that’s a good start. And that’s just the start. What else does the book have?
In the credit card universe, Bank of America is perhaps the most underrated. Despite being the 3rd largest credit card issuer in the United States of America, and bearing a really cool name, they are not often known for generous credit card offers. I wish they did a better job promoting their products since some are quite exceptional. One such an example is the BankAmericard Cash Rewards secured credit card.
So I have been investing in stocks for 3 months now. My portfolio is in good shape; I lost a bunch of money from some bad trades, and gained a bunch from the good ones. Overall, I have come out ahead and learned a good deal about the stock market. Funny enough, most of my gains have been huge gains (think 20% or more) and come from incredible trades. One such a good trade gave me more than 50% return and really boosted my confidence for investing. And I have American Airlines and US Airways to thank for that. Specifically, I have the merger deal between them to thank for the gains from American Airlines stock. At this point I have already sold my entire position in the stock, and little did I know at the time that the movement of the stock was such a unique case in the world of investing.