House prices to rise by 15% by 2016

Thursday, November 24th, 2011

A lack of housing supply will push property prices up by 15% over the next five years, according to the latest forecast from the Centre for Economics and Business Research (CEBR). The rise in prices will push the value of the average three-bedroom semi from £176,184 to £202,068 by 2016. ...

Why we are wary of solar panels

Wednesday, November 16th, 2011

Solar panels: is the payback worth the hassle? When feed-in tariffs were first introduced for domestic panels we told you to be wary. We worried that if you allowed a rent-a-roof solar company to put panels on your roof, the payback would be pretty minimal. Sure, you’d save ...

Re-characterization – Splitting Roth IRA

Monday, November 14th, 2011

Many a times, people may be disappointed that they are not getting higher returns after they convert traditional IRA to Roth IRA. In such a scenario, one may go for a re-characterization of their Roth account. Because, a re-characterization may also be followed by reconversion after certain duration, this is ...

Lottery Odds and an Odds Calculator

Tuesday, November 1st, 2011

Do you know the chances of  winning the multi million jackpot prize in the lottery?     The obvious answer is 'very small'.    However I'm talking about the actual mathematical probability.  I would assume that most if not all state lotteries publish the odds of winning their lottery games on ...

Wary consumers ditch store cards

Tuesday, October 25th, 2011

Broke shoppers are abandoning their store cards in droves, according to figures from the Finance and Leasing Association (FLA). The trade body announced that spending on store cards fell by 20% over the past 12 months after cash-strapped consumers became wary of taking on unnecessary unsecured debt. The total amount ...