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Peter Lynch delivered a compound annual return of 29.2% over 13 years at the Fidelity Magellan Fund. In a recent interview, Lynch shared some of his insights on the economy and offered timely and excellent advice for all investors.
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Tips for Choosing the Right Mortgage Company
There are many mortgage companies to choose from. How do you know which one is the right one for you?
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Don't Fall for These Home Equity Loan Scams
Home equity scams are abundant in the mortgage industry. Here are a few that you should watch out for.
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Bank of America pays Montag $29.9 million
Bank of America, the largest bank by assets in the US, and recipient of a taxpayer funded bailout, has just paid its Head of Global Banking and Markets 4.5 times more than it's CEO.
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Soros: Don't expect Fed to Raise Rates; Yuan to Appreciate
Veteran hedge fund manager George Soros says he does not expect interest rates to rise in the US. He also has some interesting views on the massive growth currenty being experienced in China.
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US Real Estate Slump Recovery in 2011: Buffett
In his annual letter to shareholders, Berkshire Hathaway Chairman Warren Buffett said he expects the real estate slump in the US to improve by 2011. Buffett also has some choice words for CEOs and some penchants of wisdom for the average investor.
Read →With new vehicles of and means to purchase US Savings Bonds, there are more things to be cautious of with the government.
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Four Disadvantages to Buying a Foreclosed Property
Buying a foreclosed property is one way to get a great deal. Just be sure you know about the drawbacks and problems that could happen so you can be prepared.
Read →People do not generally have a good feeling toward banks. But Ally Bank is trying to change that with exciting products and features for new and existing customers.
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Four Advantages to Hiring a New Real Estate Agent
Finding the real estate agent is the best way to get a deal on a new house. But what type of agent is better - one who is just starting out or one who has been in the business for several years. While both types of agents have their advantages, here are some advantages that a new real estate agent has over the older ones.
Read →The best savings account rates remain near the 2% range this week. Everbank tops the list with their guaranteed 2.25% 3-month promo rate for new money. Southern Community Bank has the highest non-promo rate with their Ready Saver Account.
Read →Citigroup recently informed the majority of it's checking account customers that it reserves the right to require seven days notice on withdrawals. Does this mean Citi is fearing a run on the bank?
Read →In 2001 Goldman Sachs structured a complex transaction to allow the Greek government, currently at risk of default, to report artificially lower debts.
Read →The average rate on a 30-year fixed rate mortgage rose by 12 basis points from 4.93% to 5.05% according to data from Freddie Mac. The BestCashCow averages also showed a rise, with the average 30-year fixed rate mortgage moving from 5.031% to 5.042%. 30-year mortgage rates continue to dance around the 5% range.
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