Since 2000 real estate or home ownership has still outperformed on average the DOW (+6.7%), the S&P (-12%), and the NASDAQ (-30%).
Real estate’s Return On Investment (ROI) as compared to the DOW, S&P, and the NASDAQ would be +43%.
Clearly, home ownership or real estate investment is still a good vehicle for longer-term investments.
As discussions over the restructuring of Greek debt hit another roadbump in Europe, major indices were flat or slightly down today. Louisiana received good news about its jobless rate, which went down from 6.9 percent in November to 6.8 percent in December, almost a full percentage drop year over year. In corporate news, Yahoo met investors’ expectations for its Q4 profit, however its revenue fell short of expectations. Meanwhile, Apple broke its previous record by over 50 percent, with more than $13 billion in profits and $46 billion in revenue. Read more…
Payday loan provider Wonga has removed pages from its website suggesting students should take out its loans.
The move came after the National Union of Students (NUJ) called the firm “highly irresponsible” for marketing loans with a typical APR of up to 4,214% to students. Wonga said it will continue to except applications from working students despite taking down its marketing material.
The pages in question suggested a Wonga short-term loan could be a viable alternative to a student loan – on which borrowers pay an interest rate of just 1.5%. The f
Everyone who has opened up a credit card in the last five years has been pitched on various supplementary “services” from the company in question. The offers sound enticing and even logical at times, but are they really justified from a hard dollars-and-cents standpoint?
Everyone’s financial situation is different, but generally speaking, the answer is NO.
Here are six credit card services that you do not need.
This is typically framed as a way to avoid liability for fraudulent charges made after your credit card is stolen. It sounds appealing, but many consumers fail to realize they are essentially ALREADY covered from this by 1968’s Truth in Lending Act. This law states that if you report the stolen card immediately, your maximum liability for fraudulent charges is $50. As such
The tax practice at KPMG in the UK has reported revenues of £395 million in the year ended 30 September 2011, an increase of 12 percent from 2010’s £350 million.
Alastair McLeish, head of tax and pensions at KPMG in the UK, commented: “Tax and pensions at KPMG in the UK has had an excellent year and the results are testament to the hard work and dedication of everyone in the practice. Indirect tax and pensions both enjoyed particularly strong growth and we are building momentum across our corporate tax practice where we have been particularly busy with iXBRL and international projects.
“In the current challenging economic climate, both tax and pensions remain hugely important areas for our clients and we anticipate continued market demand for advice.”
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On a recent business flight out of Atlanta, I was offered the opportunity to give up my seat in exchange for a slightly later flight … in first class. I accepted because it meant my seat would keep a young family together on their way to Disney World … though first class wasn’t a bad perk either.
What I didn’t know is that I would be sitting next to someone who is a respected authority on flipping houses. This woman is a nationally known expert and has appeared on numerous television shows for the past several years. I asked her if she was who I thought she was and lo and behold, she was! After explaining that I had a personal finance blog and inquiring if I might ask her a few questions about flipping houses, she agreed … so long as I didn’t use her name. “It would j