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LFC Won Regulatory Approval for Domestic Listing

According to Reuters, China Life Insurance (LFC) has won approval to sell its class-A shares in Shanghai, which could raise $3.2 billion or 25 billion yuan, making the offering the second largest in the history of Chinese domestic public offering. Encouraged by the news, LFC is now trading above $105 in NYSE, more than $3 […]

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Finally, My IRA Transfer is Completed

I can't believe it took more than two months to transfer my IRA assets from Scottrade to Vanguard. Last night, I finally received the confirmation letter from Vanguard, saying that the transfer is now completed and my Vanguard account is ready. The assets were moved to Vanguard on December 8th, two months and eight days […]

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Considering Open Another Savings Account: GMAC or UFB

I have four online savings accounts already (all join accounts with my wife): ING Direct, Emigrant Direct, HSBC, and Virtual Bank. ING Direct used to have all my deposits when it offered superior rates than other online banks did. Now it fell far behind with a 4.50% APY. At one time early this year, I […]

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Performance of 20 Largest Stock Fund Firms

Morningstar.com today has an article on the performance of 20 largest stock fund firms. The stock funds mainly invest in domestic stocks and one firm may have multiple offers in this area. If that's the case, the author noted that the performance of all these funds may approach average as it's difficult for all of […]

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Money: Women vs. Men

This is yet another interesting story I found on Kiplinger. The author, Janet Bodnar (author of the book Money Smart Women) highlights some key differences between men and women when it comes to investing, managing their money, and being financial independent: Women often have doubts about their ability to invest. Thus, many either don't invest […]

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Another $25 Citibank e-Savings Account Offer Code

Got this in the email. Use this link to open a Citibank e-Savings account (which currently pays 5.00% APY) before December 31, 2006 and get $25 in your account within 90 days. The fine print in the email says: $25 offer is only available for first-time Citibank deposit (checking or savings product) account customers, and […]

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Captial One’s Dirty Trick

Capital One's "What's in your wallet?" commercial already made me sick (that's why I don't have any their no-hassle card), this story on MSN Money about Capital One's dirty trick to collect more fees disgusted me even more. When Brad Kehn received his first credit card from Capital One Financial in 2004, it took him […]

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Identity-Theft Insurance: Why You Don’t Need It

Actually, I never knew such thing as identity-theft insurance till today when I read an article on MarketWatch.com, which named ID theft insurance "Stupid Investment of the Week." Though a little surprised, it isn't that hard to imagine why such products exist: there must be demands. After all, we insure everything deemed valuable: life, health, […]

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