The Sun’s Financial Diary

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 [...]

If it's not for your mutual fund products, I probably don't want any business with you! 
Well, that was my feeling after a 30+ minutes phone conversation with Vanguard last night. I thought I already had enough trouble with Vanguard for our Roth IRA assets transfer, but it isn't over.
When I got home last night, there [...]

and how many we have on this planet? Something like 6 billion? Besides, if I spend every penny I earned, would that still mean I am "rich"?
I wonder how they get this number.

When you buy a used car with 65,000 miles on it, make sure that you are indeed buying a car with 65,000 miles odometer reading, not 85,000 miles.
The Department of Justice has some tips to help you identify odometer roll-back scams.

Look for loose screws or scratch marks around the dashboard. (Also look for fingerprints [...]

I'd like to take this opportunity to welcome you to my diary and hope you find the information in my post "T-Bill Investment Rate: Is it APR or APY? And What Is Your Taxable Equivalent Yield?" useful. I will be very happy if the post, written with my best knowledge, can help you understand some [...]

First, I'd like to remind you that I am having a small "Investor Psychology Contest" with a prize of $20 before 4:00 pm this Friday. If you are interested in participating, click here and leave your best guess of the closing number of the Dow on November 22nd. 
Ok, now the main story.
For many of [...]

First, the question:
What’s your best estimate of the value of the Dow Jones one month from today? Next pick a high value such that you are 99% sure that the Dow Jones a month from today well be lower than that value. Now pick a low value such that you are 99% sure that the [...]

The second key for you to be a successful investor is to Set Exciting Goals, whether they are short-term, medium-term, or long-terms goals.
If you visit any PF blogger's website and go through the posts, chances are you will see some personal goals. Some are as small as making a commitment when you starts a [...]

Got an Amazon Platinum Visa card? Now you can earn double points on your daily purchases at restaurants, gas stations, grocery stores, and department stores.
According to the notice I received in the mail tonight, Amazon.com will reward you double points for every dollar you spend above $100 from November 1st to December 31st. Eligible categories [...]

If you go to TreasuryDirect’s website and check the latest T-Bill rates, you will find a table with the following seven columns: Security Term, Issue Date, Maturity Date, Discount Rate %, Investment Rate %, Price Per $100, and CUSIP. As a 4-Week T-bill investor, when I look at the table, the single item that concerns [...]