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Triple My Money: How Long and What Does It Take?
You are probably familiar with the Rule of 72, which tells you when the one dollar you invest today will be worth $2 once you have a rate of growth. If your annual rate of return is R%, then it will take you (72/R) years to double your money. For instance, for a 6% return [...]
TradeKing Looked from Inside: CEO Don Montanaro Introduces the Discount Broker
TradeKing is my latest broker that I got last December when I switched from Firstrade to TradeKing. The main reason for me to decide to open another brokerage account was that TradeKing charges less commission per trade. Since then, I have been using TradeKing quite regularly and found that the discount broker, while cheap on commissions, is full of features that make it easy for small investors to trade [...] Continue Reading…
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Visiting the World’s Tallest Observatory
After leaving Lanzhou last week, our trip in China took us to the eastern city of Suzhou, Jiansu Province. Suzhou is famous for its classical gardens that have hundreds of years of history and Yangcheng Lake crabs. However, I am not going to talk about gardens and huge crabs today. Instead, I am going to take you a little south and east to the economic and financial center of [...] Continue Reading…
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A Forgettable Anniversary
It has been a miserable year for Chinese investors.
Exactly, one year ago on October 16, 2007, Shanghai Stock Exchange Composite Index closed at its all time high of 6,092.06 points. When 2007 began, the index was at 2,675.47, that should give you a sense how fast and how much Chinese stocks have gained last year. At that time, more than half of the 10 most valuable companies of the [...] Continue Reading…
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Dollar Savings Direct 4.00% APY and GMAC Bank 3.75% APY
Update: Check out the Dollar Savings Direct review post for more detailed discussion on DollarSavingsDirect bank and my account opening experience.
When ING Direct lowered its rate to 2.75% APY last week after the latest 0.50% rate cut by the Fed, I predicted that more banks will follow suit to reduce their rates because that what they usually do. One week later, ING Direct is still the only bank that [...] Continue Reading…
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Different Day, Same Story
When the Dow Jones Industrial Average recorded its biggest single day increase ever two days ago, I thought the stock market might have touched the bottom and started to turn around after relentless selling on the Wall Street the week before. Apparently, I was wrong. Since the 936 points gain on Monday, the benchmark has registered two consecutive losing sessions, giving up nearly 810 points to close at 8,577.91 [...] Continue Reading…
