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Commutative Law of Multiplication
Commutative Law of Multiplication is a fancy way of saying when you multiply two numbers, it doesn’t matter which number you put down first and which number you put down second. a * b = b * a This...
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$10,000 Lesson On Variable Universal Life (VUL)
Variable Universal Life insurance or in short VUL is sold by insurance agents as a smart investment to unsuspecting people. The pitch usually goes like this: You invest in VUL. The money in the policy...
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Out of the Market and Meaningless Stats
The stock market had a field day last Thursday (7/12/2007). The Dow rose 284 points, its biggest point gain in nearly five years. It reminded me of the stats about the risk of being out of the market....
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More On Missing The 10 Best Days
Blogger Nickel at fivecentnickel.com made some great comments to my post about missing the 10 best days in the stock market. I showed in my post that the probability of missing the best 10 days in 10...
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Mortgage Interest and Property Tax Deduction for Homeowners Who Don’t Itemize
The New York Times reported that Senate Democrats and Republicans reached a tentative deal on the new housing bill. Among the various provisions is a federal income tax deduction for property tax paid...
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A Business That Punishes Its Largest Customers
Here’s a Jeopardy question. A financial service charges no fee if you have less than $100,000 with them. If your account has $100,000 or more, they charge you $100 a year account maintenance fee. If...
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401k Loan Double Taxation Myth
I don’t know who started it. Suze Orman certainly helped spread it. She says that you shouldn’t borrow from your 401k (or 403b) plan because you will be double-taxed. I did a Google search and I found...
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Grace Period and Double-Cycle Billing
Twitter brought my attention to this article on SmartMoney: Double-Cycle Billing Persists, Legal or Not It’s another "banks are out there to get you" article. It alleges that some banks are exploiting...
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Conventional Wisdom "Don’t Buy a Dividend" Is Wrong
I mentioned this last year in my post 3 Reminders About Year-End Mutual Fund Distributions. I see the conventional wisdom “don’t buy a distribution” is still going strong. Vanguard reiterated this...
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The Average Daily Balance Mystery
How to calculate interest on a loan should be very simple, but it seems to be a mystery to many people, including highly educated consumer advocates. MSNBC.com columnist Bob Sullivan wrote a book Stop...
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