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Latest posts from Cash Economy - Personal Finance Blog


    Third party checks: cash them if you can!

    Recently I’ve come into possession of a 3rd party check drawn on a BofA account. For the sake of discussion, Alice wrote a check to Bob, and Bob signed it over to me by adding: “Pay to the order of Charlie” and his signature. Even so, Charlie was unsuccessful cashing this check without Bob being [...]

    Posted on 18 January 2012 | 2:06 pm

    Extended Warranties, pros and cons

    Among financial advisers, it’s a well established fact that extended warranties don’t benefit the consumer, but rather the seller of such warranties. With car extended warranties, it’s even worse – I’ve heard enough horror stories about high deductibles, tricky fine print and unscrupulous adjusters to avoid having any business with those 3rd party warranty providers, thus [...]

    Posted on 29 December 2011 | 4:21 pm

    Amateurs buy stocks. Professionals accumulate.

    A stock buying tip from a CFO rep of a multi-billion dollar company: when thinking long term, don’t buy stocks – accumulate them instead. How? By writing covered puts, of course! This particular gentleman had hundreds of millions dollars allocated for one purpose: stock buybacks. The goal was to turn half a billion dollars into [...]

    Posted on 7 December 2011 | 5:36 pm