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Size of Lottery Doesn’t Matter, Winners Declare Bankruptcy

by Flexo

A new study by researchers as University of Kentucky, the University of Pittsburgh and the Vanderbilt University Law School shows that people who win $150,000 from a lottery are just as likely as those who win $10,000 to declare bankruptcy within five years. I’ve often seen statistics that show that lottery winners often blow their ... Continue reading this article…

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Flexo’s Investment Portfolio, 2Q 2010

by Flexo

Last quarter, almost all of my investments were experiencing positive performance. Three months can make a big difference. My investments tell a different story today. One thing has not changed since last quarter: my company stock continues to do well, even when the broader stock market is in decline. This was not my best performing ... Continue reading this article…

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Vanguard Eliminates Commissions on ETF Trades

by Flexo

Vanguard seems to be one of those rare companies that wants to give customers more for less. The brokerage recently eliminated transaction fees for their proprietary exchange-traded funds (ETFs). They’ve been offering no-load, no-commission mutual funds, but with mutual funds you don’t have the flexibility to buy or sell while trading is open. While I ... Continue reading this article…

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What is the Middle Class?

by Flexo

“Middle class” is a term that has a hundred different meanings if you ask a hundred people for their definition. Unlike my frustrations with people who call a house a liability, or more accurately, those who claim a house is not an asset, the label of middle class leaves a lot to personal interpretation. While ... Continue reading this article…

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Should Target Date Funds Be Standardized?

by Flexo

The Security and Exchange Commission (SEC) is setting up a new division to oversee new financial products, and this group is starting with target date funds. These are mutual funds usually taking the form of baskets of other mutual funds, designed to target a certain year of retirement. As the year approaches, the fund automatically ... Continue reading this article…

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How to Prepare for the Demise of the Dollar

by Flexo

Since the middle of the twentieth century, the U.S. dollar has been the currency that has dominated the world. Governments have held dollars in reserve, and borrowed dollars when necessary, because this currency can buy just about anything, anywhere. In particular, dollars can easily buy oil, a commodity currently necessary for the progress of developed ... Continue reading this article…

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Best of Consumerism Commentary, August 2009

by Flexo

Join the community All content on Consumerism Commentary is free. One of the best methods of reading this free content and staying up-to-date with the latest articles and posts is through RSS subscription. By subscribing to the Consumerism Commentary RSS feed with feed-reading software such as Google Reader or aggregators such as My Yahoo, you’ll ... Continue reading this article…

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Zecco Trading Offering 20 Free Stock Trades

by Flexo

I do very little stock trading. In fact, the only individual stocks I hold are Microsoft (MSFT) and Akamai (AKAM), both of which I purchased with free money for opening a brokerage account. Naturally, I think free cash is a perfect candidate for experimentation with the stock market and I most likely would not have ... Continue reading this article…

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