Hello All,

Just saw this one the news wire from Yahoo. Evidently JP Morgan is buying the once mighty Bear Sterns for 2 dollars a share. That’s right, folks – 2 bucks a share. For those of you who don’t follow stocks, that means that Bear Sterns is worthless. The total purchase price that JP Morgan is offering is approximately $236 million, which is essentially paying for the staff, the office equipment and buildings. There was no provision in the offering price for cash flow, because Bear Sterns doesn’t have any. That’s right, BC is effectively bankrupt, kaput, out of business.

It’s being called the first major casualty of the recession.

All I can says is “wow”.

Check out the story here.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Click Here to Download
DINK's Free
Budget Template
Click Here to Download
DINK's Free
Net Worth Template

Couples Finance

Blogs You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech