A person who accidentally injures another, or damages his/her property, could be sued for hundreds of thousands of dollars, maybe millions of dollars. Having an "umbrella" insurance policy could keep them from losing their homes, investments, life's savings and future income. The term umbrella is used because it covers liability claims from all policies underneath it, such as … [Read more...] about Insurance: Do you need an ‘umbrella’?
If they had to be sold today, almost a quarter of American homes would bring less than the amount of their mortgages. Some of these mortgage holders decide to walk away from their homes even if they can afford to make the payments. That is a mistake, especially if the homeowner plans to live in the home for several more years. Aside from legal problems and a credit rating … [Read more...] about Home worth less than the mortgage?
In today’s market, lithium-ion batteries power everything from hybrid autos to laptops, cell phones and digital cameras. But just what is lithium and where does it come from? Will it replace oil as the next "golden mineral asset"? Listed as the third element on the periodic table, lithium has had many uses, most notably as a mood-altering drug for the treatment of mental … [Read more...] about Lithium could be the next golden mineral
The marvel of the 30-year mortgage Real estate prices have always had their ups and downs, and in the last year or two, they have certainly been in a down cycle. Over time, however, the median price of a home in the United States has consistently risen. In the 30 years from 1968 to 1998, the median home price rose from $20,100 to $128,400, according to the National … [Read more...] about It’s a fact: Home prices rise over time
The best things you can do now with $1,000 You love the idea of getting an income tax refund check from Uncle Sam. But you know that it's really your own money, so consider these best-advised uses. *Stash it. In case of a calamity or job loss, you could need money for six months' worth of expenses set aside. * Put it in a stock fund. Blue chips are expected to rise in the … [Read more...] about Expecting an income tax refund?