Investing
China Life to Resume Trading Tomorrow
And the suspension is indeed related to the acquisition of 20% stake of Guangdong Development Bank. According to announcement, China Life will pay about $730 million in cash for the acquisition. Trading of LFC will resume tomorrow at 9:30 am in NYSE.
The announcement can be found here.
Citi Won, LFC Halted
Citigroup announced today that it won a $3.1 billion bid to take control of Guangdong Development Bank, a regional bank with more than 500 branches in south and east China. A consortium led by Citigroup, also including IBM, China Life Insurance, China's State Grid Corp, CITIC Trust, and PuHua Investment, will take 85.6% percent of [...]
How to be Successful in Investing from Kiplinger — Part IV
Here's a question: If you are given $10,000, would you rather take it now or a year from now?
Of course everybody will choose to put the money in the pocket right away instead of waiting another year and the reasons are simple: 1) If the money will be sitting somewhere other than high yield savings [...]
BoA Expanding Its Free Trade Program
Bank of America is expanding its $0 trade program to Alabama, DC, Florida, Georgia, Maryland, North Carolina, South Carolina and Virginia, according to Reuters. Customers who have $25,000 or more in all asset across BoA deposit accounts, including checking, savings, and CDs, can get up to 30 free trades per month. The bank also [...]
How to be Successful in Investing from Kiplinger — Part III
The next key for you to be successful in investing is to have a good judgment between the return you expect and the risk you are willing to take in order to reach your investment goals.
In the third segment of the Kiplinger's "The Five Keys to Investing Success" series, the author made the argument [...]
Bank of America Shares Purchased via DRIP
Since I found out that I can directly purchase stocks from issuing companies (not all listed but still quite a large selection) last month, I didn’t waste too much time before getting into action. After going through DRIP stocks offered at Computershare and some research, I opened accounts with Computershare (ComputerShare reviews) to buy shares [...]
Am I Paying Too Much for My 401(k)?
An article in yesterday's USAToday prompted to check the fees I paid for those funds in my 401(k) plan. Unlike mutual funds holding in my taxable accounts, in which I have the flexibility to choose from perhaps hundreds of funds in the same category from as many companies, the number of funds in my 401(k) [...]
Should Water Find a Place in Your Portfolio?
I came across an article on MarketWatch today, which named CIBC Water Growth Deposit Notes the Stupid Investment of the Week. While the article’s main focus is on the CIBC notes, which are issued in the form of principal-protected certificates and the money raised will be invested in water companies, it does make me think [...]
Vanguard Reopens the Door of Strategic Equity Fund to New Investors
If you look to add some mid-cap funds into your portfolio. Here's the good news. According to Morningstar.com, Vanguard Strategic Equity Fund (VSEQX) (a Mid-blend fund with an EP of 0.82% and YTD return 10.31%, 3-year return 14.89% and 5-year return 14.50%), which was closed to new investers in April 2006 due to asset size [...]
Update on T-Bill Taxable Equivalent Yield
Yesterday, a reader, goldsheet (Thanks!), posted a comment on my T-Bill Taxable Equivalent Yield, saying that the EAPY formula in the post is actually for itemized deduction and he/she also provided a formula for EAPY for standard deduction.
Indeed, the formula I gave is only for the calculation of EAPY if you itemize, which I automatically [...]
