Archive for the ‘Personal finance’ Category
Calculating PMI with the help of loan mortgage calculators
The borrowers have to purchase private mortgage insurance (PMI) when they are unable to make at least 20% down payment on a home loan. This implies that they have to pay mortgage insurance premiums in a year.
Investment vehicles that yields 15 % return – Part 2
In my last post entitled “Investment vehicles that yields 15 % return – Part 1” I revealed that there are only two vehicles of investments that I know so far that yield a 15 % or more return compounded per annum.
Investment vehicles that yields 15 % return – Part 1
In my last post, entitled “What is the ideal rate of return for investments?,” I have cited the reasons why an investor should target an investment that gives at least 15 % return per annum.
What is the ideal rate of return for investments?
In previous posts, we have learned all about the Rule of 72. One lesson that we have learned about the rule is that the higher the higher rate of return for a certain vehicle of investment, the shorter the time it takes for money to double.
How the banks robs us of our own money
Before you in the banking industry react to the title of this post and before I get tons of negative comments from those who are involved in banking let me first tell you to read the entire post first before making any reaction of any kind.I’ve chosen this title just to attract attention. Banking is of course an honorable business and oh what we do without banks!
