Parchayi.com – Personal Finance Simplified

There are several banks, mostly online ones or online-only services from regular banks that provide consistently high APRs on Savings/Money Market Accounts. Here are some of them:

• Emigrant Direct
• HSBC Direct
• ING Direct

Watch this space for detailed updates on each bank.

This is one of the very often asked questions on both mimf and mifp.
Based on comments on both newsgroups, here is what seems to make most sense:

1. Contribute to your 401 upto your employers match (employer match is free money)
2. Invest in IRA upto the maximum limit (because IRA gives more options than 401)
3. Invest in 401 upto the maximum limit

Here I will blog about several topics, starting with finance. I am often found lurking in financial newsgroups such as misc.invest.mutual-fund and misc.invest.financial plan. Looking at the posts every week asking for advice and the same old replies and arguments every week, I figured I can blog about these discussions because there seems to be a general lack of understanding amongst people about managing their finances and credit. I don’t claim to be any sort of expert but I do know many of the options available, especially to new investors like me.

I have a page on Investing in India on my website, which is reasonably trafficked and I hope to achieve that with this blog too.