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avatar You are viewing an archive of articles by Luke Landes. Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View 's Google Profile.

Luke Landes

Home Prices Keep Falling

by Luke Landes

Six or seven years ago, a couple I knew married each other and bought a house right away. I can’t claim to know their personal financial details, but I am sure the value of the house was well beyond three times their combined income. The husband explained to me that house values never go down, ... Continue reading this article…

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Last Call: Carnival of Personal Finance Looking for Hosts

by Luke Landes

The Carnival of Personal Finance has been running consecutively for 185 weeks. The latest edition is live at the Fraud Files blog, and every Monday this celebration of the week’s best in personal finance blogs is hosted at a new location. For bloggers, hosting the Carnival of Personal Finance is a good way to increase ... Continue reading this article…

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First Five Days of 2009 May Indicate Stock Market’s Performance

by Luke Landes

Over the last 36 years whose first five days resulted in a stock market increase, 31 of those years experienced an overall good year for stocks. While that’s a good track record, it’s not an infallible indicator. There are three trading days left in 2008, a lost cause for the stock market. This method has ... Continue reading this article…

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Evaluating This Year’s Progress Against My Goals

by Luke Landes

In December 2007, I set a number of financial goals or targets to be accomplished by the end of this year. In some cases I was successful while in others I fell short. It’s important to keep things in perspective; when I set these goals, the economy was in a significantly different state. The goals ... Continue reading this article…

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Publicly Shame a Deadbeat

by Luke Landes

Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. That’s a well-known quotation from William Shakespeare’s Hamlet. Polonius was perhaps concerned about, among other things, the public shame that could come from being a deadbeat borrower. As he proferred this and other ... Continue reading this article…

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2008 Charitable Giving: Did You Contribute Less?

by Luke Landes

As I’ve mentioned before, one of my long-term goals is to run a foundation to support arts education, specifically music education. To do this effectively, I would require a significant amount of start-up capital, and I’m not quite there yet. I’m not quite sure that I will ever have the opportunity to succeed, but if ... Continue reading this article…

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FNBO Direct Drops Interest Rate to 2.8% APY

by Luke Landes

FNBO Direct, the online bank that was recently rated best online savings account by Kiplinger, and one of my picks for best online savings accounts, significantly dropped the account’s interest rate today from 3.25 percent to 2.8 percent APY, a 20 percent decrease. I don’t normally chase the highest rates and move my money back and forth based ... Continue reading this article…

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Is Your Special Investment a Ponzi Scheme?

by Luke Landes

Here is how a Ponzi scheme works. The individual running the scheme promises abnormally high returns over a short period of time to the initial investors. These investors provide the start-up capital, and the schemer will do whatever he likes with that money, either invest it, spend it, or let it sit in a bank. ... Continue reading this article…

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Visa’s Take on Debit Cards

by Luke Landes

A representative from Visa offered to answer a few questions for Consumerism Commentary readers about debit cards. I’ve written previously about five reasons to avoid debit cards, preferring credit cards for plastic payment. Here are three questions I asked Visa and the company’s responses. I have three more questions to post in the future as ... Continue reading this article…

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Government Extends Loans to Detroit Automakers

by Luke Landes

This is today’s big news, and you’ve probbably heard about it already. This morning, President Bush approved three-year loan to GM and Chrysler which would give these companies $13.4 billion now and $4 billion in February. There are strings attached. Although the loans have terms of three years, the government will require the companies to ... Continue reading this article…

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