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Archive for November, 2007

Use the Rule of 72 to Understand Compound Interest

The Rule of 72 is an Easy Way to Calculate How Long it Takes for Your Money to Double
If you want to quickly determine how long it will take for your money to double, the rule of 72 is all you need. Most people generally understand the concept of compound interest, knowing that over time, [...]

Do You Itemize Tax Deductions? You Might be Able to Deduct Some of Your Vehicle Registration Fees

Do you get irritated at how much it can cost to register your vehicle(s) each year? The good news is that you may be able to get some of that money back in the form of a tax deduction. That’s right, if you itemize your deductions on Schedule A, and your registration fee is based [...]

Mutual Fund Review: T. Rowe Price Media & Telecom (PRMTX)

Once you have built a core portfolio that adequately diversifies your holdings across the broad market, it’s time to begin thinking about accenting your portfolio with some specialty funds. While specialty funds shouldn’t make up a large portion of your portfolio, they can certainly help your returns if you find favorable industries/sectors to invest in.
That [...]

Friday Finance Findings For November 2nd

Did you know that the Science Friday on NPR is the best programming available on radio? Ok, maybe that is just my opinion, but it is the best part of Friday for me. If you are interested in various science topics, I encourage you to give it a listen. If you don’t have a radio [...]