Investment advice from the greats

Summary: Tried and tested investment advice still holds true. When making your investment decisions, start early, take emotion out of the decision, avoid high costs that eat into returns and maintain a sensible portfolio of stocks and bonds.

When it comes to investment, the tried and tested techniques still work. A lot of the greatest investors got to where they are today because they followed the basics even when executing somewhat risky bets.

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Common Mistakes Entrepreneurs Make to Start their Own Business

Before you quit your 9-5 office job based off the impulse of bringing your revolutionary idea to life, consider these things.

While your idea may be convincing enough for you to look into long term, the market may not share the same feelings. It’s easy to string together a gaudy business plan and get all giddy over it. It happens to most people. And who knows, your idea could be one of the biggest things that’s ever happened to the world.

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New Opportunities for Banking and Fin Tech

If banks are to stay competitive in the near future, they will need to change some of their operating procedures. That’s easier said than done when you’re managing 200,000 people across the country. It’s even harder when that massive work force has been using the same methodologies for years. According to Phin Upham, who recently spoke at the Milken Institute Global Conference, new opportunities are presenting themselves for banks to service large segments of the population traditionally priced out by high interest rates.

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Knowing your financial rights would help

Laws governing consumer rights for credit and other services are abundant in the United States. Consumer protection for safeguarding financial records, one should have a good understanding about their rights. Here we are attempting to explore some of those protections.

Since 1978, The Right to Financial Privacy Act limits government access to personal financial records and requires the government to follow a special protocol to look into your records. This includes your expressed consent, subpoena or a search warrant with certain exceptions.

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Lesser known credit for retirement savers

Those who are saving for their retirement through IRA or an employer sponsored retirement plan, may be eligible for a “saver’s credit” in their 2014 Federal tax filing. A person over the age of 18, not a full-time student and not being claimed as a dependent on another person’s tax return is eligible for the credit. You need to use Form 8880, Credit for Qualified Retirement Savings Contributions to claim the credit and file Form 1040 or Form 1040A.

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The History of Valve Corporation

Gabe Newell and Mike Harrington left Microsoft in the mid 90s after seeing that Doom had a larger install base than Windows did. Newell recalls that the Microsoft sales people were racking their brains trying to figure out how to outsell a DOS based video game. After seeing that potential, Newell felt he could add something to the process.

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