Log In

Another Reader FAQ to Moneywise: “Can a US citizen obtain a Bermuda issued credit card if they have a PO box address in Bermuda?” Short answer = No. Long answer = No. Very, very long answer = Maybe, under certain circumstances. First reason. A pos...

Dear Dave, When you use the envelope system, what should you do with any leftover money? MANDY Dear Mandy, My suggestion would be to carry it over to the next month. Lots of folks don’t use all the money in their clothing envelope during a month. The...

A reader asks: “I have $40,000 sitting in a local bank account, just doing nothing. Can you advise on best investment options to yield a higher rate?” Choices, choices. The easiest answer would be to simply say why not consider a mutual fund with a t...

Unless we are constantly vigilant, too many things in print pass without comment and are accepted as true. And so it is with a weary heart that I am compelled to offer a counterpoint to a recent argument that takes issue with Vanguard Group’s busines...

“Water, water everywhere … … nor any drop to drink” — Samuel Taylor Coleridge, The Rime of the Ancient Mariner, 1798 The world’s population relies on water, both fresh and salt, as a major life source and a conduit to everywhere, even given competit...

Dear Dave, My husband and I are in our 50s, and we have just $12,000 to pay off before we’re debt-free. We’ve paid off almost $70,000 in debt in the last two years. We would like to buy a house soon, but we know we also need an emergency fund. It wou...

It is graduation day and the setting is perfect. The audience is all dicty. Moms, dads, and relatives are all beaming because this is the transcendental day. The speeches are beautifully prepared and eloquently delivered. They are full of wonderful q...

When it comes to debt, student loans and credit cards can be detrimental to the financial success of young adults. The devastating mistakes students make in college can haunt them for years and keep them from stepping into the next phase of life with...

This is part 8 of the Bermuda Investment Primer series. Bonds are not equity in a company, municipality, city, state, or country. Bonds are good old-fashioned debt. Most bonds are issued with a term-certain maturity date (shelf-life if you will) at ...

Mothers have an incredible physiological uniqueness yet to be duplicated by the male species. Aldous Huxley’s Brave New World published in 1932 with his predictions of test tube babies produced en masse may be closer to realisation; but for today, ev...

Dear Dave, Our son is 13, and he wants to give half the money he received for his birthday to the nursery at our church. They need new baby toys and things like that. Should we let him give that much, or should we tell him that maybe 25 per cent is e...

In Part 8 of the Bermuda Investment Primer Series, Martha Myron looks at bonds, their structures and their role in an economy. The business of insurance is the most dominant industry in Bermuda, both from an international and domestic perspective, t...