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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 [...]
FICO Credit Scores 20% off Sale
myFICO is currently having a 20% off sale of all three credit scores from Equifax, Experian, and TransUnion. The normal price for FICO scores from all three credit bureaus is $47.85. During the promotion period, which ends October 22nd, you can get them at $38.28. If you are interested, use this link to place an order and promo code FALLFCC11 at check out to receive the 20% discount. Remember, [...] Continue Reading…
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Fed Lowered Interest Rate in an Attempt to Halt Stock Market Free-fall
One day after the Federal Reserve Chairman signaled that it’s ready to cut interest rate, the central bank, in a coordinated action with central banks around the world, lowered its benchmark rate by 50 basis points to 1.5%. The emergency rate reduction by the Fed came after the Dow Jones Industrial Average Index lost more than 1,400 points (or 13%) in five straight trading sessions. Elsewhere, the People’s Bank [...] Continue Reading…
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Stocks Saved the Worst for the Last, Closing at 5-Year Low
It looks like there’s just nothing can stop the stock market sell-off, not even the hint of a rate cut from the Fed (Bloomberg), which usually got investors excited in the past.
Stock indexes went up briefly at the opening on the news that the Fed Reserve announced that it will buy back short-term commercial papers from issuers. The move was aimed to let people start to lend, so people [...] Continue Reading…
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Why Doesn’t My Credit Score Increase When I Pay My Bills on Time?
Following is a guest post from Manshu at OneMint. OneMint is a website created and managed by a finance MBA and provides resources on investing ideas, personal finance, credit cards, mutual funds and the broader macro economic environment.
There is a common misconception that just paying your bills on time will increase your credit score. While the reverse is true, which means, if you do not pay your bills on [...] Continue Reading…
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Tasty Hot Pot
Have you ever tried hot pot before?
Hot pot is very popular in China and you can find it in many restaurants in China all season long, not just when the weather is cold. I know there are a few Chinese restaurants in New Jersey serve hot pot in the winter, but the taste is just so-so. Actually, tastes of foods in most Chinese restaurants are not genuine (obviously). So [...] Continue Reading…
