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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 [...]
FIG Got Warm Reception on the Street in Debut
After priced at $18.50 the day before going public, shares of Fortress Investment Group opened up 89% and rose as high as $37.00 on Friday in the first day of trading. At the close of Friday’s session, the stock went up $12.50, or 67.6% to $31.00. The success of FIG’s IPO may serve as a barometer for more than a dozen hedge funds who are planning to sell [...] Continue Reading…
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The Free Shaver is Here
A littel more than two weeks ago, I signed up for a free Gillette Fusion 5 Blade Shaver at Walmart Free Sample center. I was told at that time the shaver could take up to four weeks to be delivered. Well, the actual time was much shorter as the shaver was in my mailbox last night. Now I have received three sample shavers already and another one should be [...] Continue Reading…
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Friday Cheap Stuff on Buy.com
There are a few good deals on Buy.com today [all affliate links]:
Connect 3D 512MB Secure Digital Card for free after $20 mail-in rebate (expires February 25)
SimpleTech 2GB Bonzai Xpress USB 2.0 Flash Drive for $11.95 after $20 mail-in rebate (expires February 28)
Kingston 1GB Data Traveler USB 2.0 Flash Drive for $8.03 after $20 mail-in rebate (expires February 10)
Western Digital Passport Portable 120GB USB 2.0 External Hard Drive for [...] Continue Reading…
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What are We Complaining about?
The Federal Trade Commission yesterday released its annual report (click here to download the report) on top consumer complaints for 2006. The report found that for the seventh year in a row, “identity theft tops the list, accounting for 36 percent of the 674,354 complaints received between January 1 and December 31, 2006.” And consumers paid heavy price for fraud related losses. According to FTC data, consumers reported fraud [...] Continue Reading…
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A Piece of Hedge Fund (Company) Please
Hedge funds are for wealthy investors, not for small investors like you and me. But what if you can own a piece of the hedge fund company?
According to USAToday, Fortress Investment Group , which has six hedge funds with a total about $9.4 billion of assets under management, has filed paper to offer 34.3 million shares in its IPO. IPOHome.com has reported that the stock is priced at $18.50, [...] Continue Reading…
