Wednesday, October 24, 2007

Financial Nuggets

Credit Freeze You can only hope that corporations take better care of your private and confidential information (Dumped Mortgage Files Invite Identity Theft) but there are a couple of steps that you can take. One is preventive - freeze your credit report and the other is reactive - buy identity theft insurance.

"Credit freezes can help thwart identity thieves. Here's what to consider:
• Credit bureaus are making freezes easier and quicker.
• Some states are requiring bureaus to cut fees.
• Applying for a freeze can be cumbersome, and can put an end to instant credit approvals."
WSJ - More People Are Freezing Credit Reports

Chinese Coal StocksSpeculating on Chinese Coal Chinese coal is hotter than the Chinese economy. Maybe. Analyst expectations are varied - 300% growth versus 22% reduction in price. Make your bet.
"Shares of China Shenhua Energy (1088.HK) have shot up as much as 115%, China Coal (1898.HK) has gained 96%, giving it a five-fold increase this year, and other regional coal stocks have nearly doubled."
Barrons - Chinese Coal Shares: Will They Cool Off?

College Fees RiseRemember College Savings If you have been savings for your kids education - keep it up. If you have been dragging your feet - start now. Explore your options with 529 plans, Education IRAs etc. but start early. Explore options at
"Average tuition and fees at four-year public colleges rose 6.6% in the 2007-08 school year, outstripping increases in financial aid.

In-state students at four-year public schools are paying $6,185 this year, up $381 from last year... At four-year private colleges, tuition and fees rose 6.3%, to $23,712."
WSJ - College Expenses Outpace Financial Aid

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