Accumulating wealth is like building The Great Wall, one brick at a time
Category: InvestingBy Sun on Jan 17, 2008 in Brokerage, Investing | 5 Comments
After learning that Zecco relaunched its referral program last December, I set up a referral program of my own shortly after. With my program, I promised to share $20 of the $50 bonus Zecco rewards me for each new account I refer to them. In the first 2 weeks after I put up my program, […]
By Sun on Jan 16, 2008 in ETF, Investing | 2 Comments
One of the selling points of exchange-traded funds (ETFs) is they are tax efficient because they funds themselves almost don’t generate any capital gain distribution, which can be taxed at a rate as high as 35%, comparing to their mutual fund counterparts. ETF capital gains are usually realized when investors sell the fund at profit.
This […]
By Sun on Jan 14, 2008 in Mutual fund, Investing | 8 Comments
The Fidelity Magellan Fund (FMAGX), which was once the nation’s largest mutual fund with an asset at $100 billion, will reopen to new investors tomorrow, January 15, 2008 after shutting its door more than 10 years ago, according to a Fidelity announcement. The main reason to make the flagship fund available to new investors is […]
By Sun on Jan 14, 2008 in Bond, Investing | 0 Comments
When 2007 began, the rates of the 4-week T-bill were very attractive, with returns as high as 5.4% APY. Before FNBO Direct launched their 6.0% APY promotional rate early last year, 4-week T-bills were my main short-term investment vehicle for the good returns and automatic investments that were very easy to manage.
However, things started […]
By Sun on Jan 11, 2008 in Mutual fund, Investing | 10 Comments
There was a short Q&A in The Wall Street Journal yesterday where the question being asked is the following:
I would like to buy only a few stocks in certain companies. Are there any online brokers that handle people with only a couple hundred dollars in their account and don’t charge heavy fees for infrequent […]
By Sun on Jan 8, 2008 in Alternative, Investing | 2 Comments
The last time that gold was at $875 an ounce level was 28 years ago on January 21, 1980. Since them, gold has been in an extended bear market in almost 20 years until the current upward trend started in 2001. Today, gold contract reached a new all time high at $883.89/ounce […]
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