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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 [...]
How Safe Are My Banks?
With all the turmoil in the financial market and the increasing number of failed banks, big and small, one of the questions people ask a lot these days is “Is my money safe?” Since we put our hard-earned money in banks as opposed to under the mattress, the question can be partly translated to “Is my bank safe?”
In most cases, money in the banks is safe as long as [...] Continue Reading…
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UPromise’s eCoupons Help You Save Money and Save for College
Are you using UPromise?
UPromise recently (as far as I know) introduced a new program called eCoupon that allows participants to save money when shopping at local grocery stops and, at the same time, get college savings.
How this program works is like this:
If you don’t have a UPromise account, get one.
Register your grocery shopping cards at UPromise, which will link them to your UPromise accounts.
Every month, UPromise provides different coupons [...] Continue Reading…
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2008 4-Week T-Bill Rate Update
It has been a long time since I updated 4-week T-bill rates late time (almost a year). The main reason for this once my favorite investment tool being totally abandoned is that, well, there isn’t much to buy right now. The bills are still being offered every week, but the rates has been terribly low as shown in the following plot. Especially since the collapse of Lehman Brothers, the [...] Continue Reading…
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A Quick Look at Lanzhou, China
As our stay in Lanzhou comes to an end, I’d like to share with you what Lanzhou looks like if you have never been here before.
Lanzhou is the capital city of Gansu province, located in the northwest of China. The city is surrounded by several mountains such as Wuquan Mountain (where the above picture was taken), Baita Mountain, and Lan Mountain.
As the only major city in China with Yellow [...] Continue Reading…
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ING Direct Lowered Orange Savings Account Rate to 2.75% APY
Well, it didn’t take long for banks to follow the Federal Reserve’s surprising rate cut yesterday to lower their own rates. As I mentioned early, the rate cut, from 2.00% to 1.50%, didn’t help to save the stock market as the Dow took another 2% hit yesterday, but one thing sure to happen is lowered interest rates we will get from commercial banks where we put our money at.
Now [...] Continue Reading…
