December 2010

The Interesting Life of a Blue Chip Stock

December 14, 2010

Many investors and non-investors alike have heard the term “blue chip stock,” but what does the term really mean? Where does it come from? Why blue, and not purple, green, lavender, or lilac-beige? Well, the term blue chip stock is taken from common poker betting systems. Chip sets frequently valued blue chips higher than white [...]

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How Rich Do You Have to Be to Be Considered Rich?

December 13, 2010

The word rich is defined in the dictionary as having wealth or great possessions; abundantly supplied with resources, means, or funds. But this word does certainly have varying definitions depending on who you ask. Some would consider a rich person to have a certain amount of money or material possessions, while others don’t necessarily attach [...]

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Charity Spotlight: American Red Cross

December 9, 2010

Today, the American Red Cross is a volunteer-led, humanitarian organization which provides services in the following areas: Emergency assistance Disaster relief Community services for the needy Communications services/comfort for military members and their families Collection, processing, and distribution of blood and blood products Educational programs on preparedness, health, and safey International relief and development programs [...]

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A Beginners Guide to ForEx Trading

December 8, 2010

According to Sang Lee, managing partner at Aite Group, an advisory firm for the financial-services industry, average daily trading by individual investors on the foreign exchange market totaled about $125 billion in 2009, an increase from $10 billion in 2001. The foreign exchange market, normally known as the “forex” or “FX” market, is the largest [...]

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The Lowdown on the Fair Credit Reporting Act

December 7, 2010

We’ve all seen the ads about how important credit scores are. They can drastically change the amount you pay in interest. They can make or break your application for a loan. They can even help or hinder your chances for employment. What you may not know is that federal law dictates how credit reporting agencies [...]

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Is Travel Insurance Worth the Cost?

December 7, 2010

Travel insurance a type of insurance used to cover oddball travel expenses, such as medical expenses or losses of pre-paid deposits on airfare or hotel accommodations. Short-term travel insurance can typically be arranged at the time a trip is planned to cover the duration of a trip. This type of insurance is available for many [...]

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Win a $100 Gift Card Courtesy of American Express

December 6, 2010

When it comes to buying Christmas gifts, I’m not much of a planner. As a result, in most years my shopping involves a lot of last minute panicked runs to Best Buy or the mall. Of course, every year I tell my self I’ll do better next year. But here I am on December 6, [...]

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What is Tax Form 1040 Schedule R?

December 6, 2010

The IRS offers a tax credit for elderly and disabled persons who meet certain criteria. If eligible, you can use this credit to drastically lower your tax liability. To get this credit, you’ll need to fill out Form 1040 Schedule R.  Schedule R will help you determine if you qualify for the credit for elderly and [...]

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What is the Prime Rate?

December 6, 2010

Prime rate is the term used to refer to a reference interest rate used by banks. The prime rate has historically been the rate banks offered to their most favorable borrowers. Banks would offer loans at the prime rate to mortgage borrowers with outstanding credit, or to businesses with great credit ratings, for instance. The [...]

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