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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 [...]
IGoBanking Savings Account Opened
I didn’t waste too much time before getting into action to open another savings account with IGoBanking. I didn’t my own research last week and compared IGoBanking with other three online banks that also offer 5.30 % or above APY and eventually selected IGoBanking over others for two reasons:
Soft credit inquiry: though I didn’t directly gain anything, I didn’t loose anything either;
ACH fund transfer and up to 20 external [...] Continue Reading…
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Deals: Kingston 1GB Secure Digital Card for $4.95 and More
Buy.com is having Kingston 1GB Secure Digital Card [Buy.com affiliate link] on sale for $4.95 after $45 mail-in-rebate with free shipping. The offer will expire on January 13, 2007. In addition, they also have Kingston 1GB Data Traveler USB 2.0 Flash Drive [Buy.com affiliate link] for $5.95 after $40 mail-in-rebate, or you can get a Kingston 2GB U3 DataTraveler Smart USB 2.0 Flash Drive [Buy.com affiliate link] for $19.95 after [...] Continue Reading…
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Here Comes Carnival of Personal Finance No. 82
J.D at Get Rich Slowly is hosting the 82nd edition of Carnival of Personal Finance. Not just that the articles are great (and there are many of them), J.D’s personal touch on the Carnival, financial superheros from comic books, has made the reading more enjoyable. Out of the 92 submissions, I found several are interesting:
Mini-E: Challenging Conventional Wisdom on the Emergency Fund by English Major
Estimate Your Overall Personal Rate [...] Continue Reading…
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So How Bad is Dollar-Cost Averaging? My Own Study of VFINX from 1988 - 2007
First of all, I am a believer of dollar-cost-averaging (DCA) and have been taking this approach ($100 every month) ever since I started investing in mutual funds. The reasons I do DCA are, 1) conventional wisdom tells me that by spreading the investments throughout the year, I don’t have to guess when is the right time to enter as nobody really knows whether now is a high or a [...] Continue Reading…
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Free 1-Year Money Magazine
According to Dealsea.com, 800ForFund.com is offering free 1-year Money magazine subscription. To get your free subscription, use this link. All you need to do is fill out a short form with your name, mailing address, phone number, and email. At the end, it says there will be an email from 800ForFund.com to confirm the subscription. However, I haven't received anything yet so whether I can really get the magazine [...] Continue Reading…


