Panera Bread

It seems I only cover IFN here, so here goes coverage for my second largest investment after IFN – Panera Bread (PNRA). Today Panera reported same store sales below the estimates from the two (yes only two) that cover the stock. This sent the stock tanking down 2% (was down as much as 4%) to…

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India Fund Inc. Once More

The Indian stock market has taken more beatings over the last two days, sending IFN down along with it. The Indian index closed below 10000 again today and all gains since Jan 27 have been erased in just over a week. Despite today’s 200 point drop, IFN has not similarly dropped possibly due to strangth in US markets and the fact…

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How to Pick Mutual Funds – Part I

This is tricky question, and even trickier to answer. There are so many different answers to this question that the best answer is ‘depends on your situation’. I will try to cover as much ground as possible with focus on the long term investor who is not into active trading. If you want free advice…

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Small Monthly Investments Howto

One very often asked question, especially by young and new investors is how to invest small amounts of money in mutual funds. Most mutual funds have an entry point that may not be easily reached of a few thousand dollars. Even if you can invest a few thousand dollars, it is diffcult to diversify because…

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Citibank’s New 4.75% Savings Account with Deception

I just happened to see a Citibank ad on Bankrate.com advertising 4.75% APY and went on to check it out. So I clicked on the link and was taken here. This page states – “Introducing the e-savings account with FREE Citibank EZ Checking”. Yes the FREE is in capitals on the site. Under the 4.75% APY, the Ad states – “No minimum balance required”. It…

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More on IFN and India

Shares of The India Fund Inc. dropped 10% today after the Indian Stock market took another beating. The Indian stock market started up about 600 points, however it quickly dropped over 10% causing the markets to shutdown for an hour. The Finance Minister urged investors to stay invested in the market citing no change in Indias…

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Another big drop in Indian markets

The Indian stock market dropped another 4% falling below 11000, after yesterdays 6% drop. What does this mean for India Fund Inc. holders? Well it probably means another drop today. Yesterday, I said it might be time to get into IFN, well today might be even better than yesterday to get in. I would also…

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Prosper – The Ebay of Lending

Have some spare money? Want better rates than savings accounts? Are willing to take on some more risk with it? You need to check out Prosper.com. Here is how it works: “Borrowers create loan listings for up to $25,000 and set the maximum rate they are willing to pay a lender. Then the auction begins…

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Stocks/Funds I Follow

Here are some stocks and Funds I follow because I own some in real life and some in my mimf contest portfolio: IFN – The India Fund Inc. PNRA – Panera Bread TGT – Target INTC – Intel WB – Wachovia GSK – Glaxo GOOG – Google AAPL – Apple NSANY – Nissan The other funds I own are index…

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Banks With Consistently High Savings Rates

There are several banks, mostly online ones or online-only services from regular banks that provide consistently high APRs on Savings/Money Market Accounts. Here are some of them: Emigrant Direct HSBC Direct ING Direct Watch this space for detailed updates on each bank.

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