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Investment Strategy For Beginner Investors

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In my humble opinion, I think that all of us should invest our savings.

In fact, the sooner we start investing, the better our results will be.  Often the problem is that investment language sounds like Chinese and there are more products that you can find in a Dollar Store.  The key point to remember when you are a beginner investor is to start with a simple investment method.  Then, along the path to becoming a knowledgeable investor, you will be able to implement more complex investment theories.
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In Defense of the Traditional IRA

Roth IRAs are tax-free.  Traditional IRAs are simply tax-deferred.  Surely tax-free is better, right?  And surely, therefore, a Roth IRA is the best way to invest for retirement, right?
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Costs To Consider When Buying A Car

Truck in sunset

The path your car costs are going to take is determined from the time you make the decision – new or used? While most of the costs of either a new or used car will apply to both new or used, it can be worth evaluating the commitment of each cost, and whether it is truly necessary.
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Dodd-Frank Wall Street Reform and Consumer Protection Act Signed Into Law

Money Cartoon

On July 21st, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, a sweeping overhaul of Wall Street (the largest such overhaul since the Great Depression), aimed at preventing future economic collapses like the kind we have experienced in recent years.  The Act will also look to add protections for consumers.

From President Obama: “Because of this law, the American people will never again be asked to foot the bill for Wall Street’s mistakes”

Here are the highlights of the Reform and Protection Act:
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Dollar Cost Averaging Helps Eliminate Emotion And Market Risk

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We are all human here, right? :) And one thing you can always count on with humans is that we are emotional beings.  We experience fear, pride, lust, greed and everything in between.

What the heck am I talking about?  I’m talking about investment strategy!
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Are Personal Credit Cards Better than a Business Card for Your Business?

World in hands

It’s fair to say that money is at the top of a small business owner’s list of things to worry about.

“Where will we get funding?; How will we break even?;  How will we turn a profit this year?”, are all questions you have to ask yourself when running your own business.

With all of these things whirling through your head, an extra concern should not have to be, ‘Will I have an unexpected interest rate increase on my credit card?’
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Crank Up Your Money Saving Goals With SmartyPig

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SmartyPig Review

One of the more interesting and innovative ways to save up for specific goals is to make use of SmartyPigSmartyPig is a free online savings tool that allows you to save for for specific financial goals. Whether you want to save up $500 for back to school shopping, or $5,000 for a family vacation, it is possible to use SmartyPig to reach that goal.  The concept is fairly straightforward, and works simply.

First of all, it is important to note that SmartyPig is not a bank. SmartyPig accounts are held through BBVA Compass (As of Aug 1st, 2010 SmartyPig account will move from West Bank to BBVA Compass, the 15th largest bank in the US).  They are FDIC insured for up to $250,000 (drops to $100,000 on January 1, 2014 unless things change).  You can set up as many goals as you want for yourself and your family.  In order to start at SmartyPig, you need the same items that you would need to open a regular savings account:
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