We have an insurance agent who sold us a Mercury General automobile insurance policy and told us if we also purchased our homeowners policy from Mercury that we could get a big reduction in our rates.
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I work for Social Security and have their Thrift Savings Plan. I would like to transfer some of my money from the very conservative and guaranteed G Fund that just pays about 2.2 percent to the F Fund that pays 4.28 percent but isn't guaranteed even though the money is in bonds.
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I asked my broker about a good inflation hedge, and he pushed us to invest $25,000 in American Century Global Gold Fund. My wife and I are very concerned about inflation when we both retire in nine years at age 67. We have a $141,000 portfolio of income/growth stocks you recommended in the past, and we reinvest all the dividends as you recommended.
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I'm a married, 37-year-old, self-employed plumber with three children and have barely managed to keep my head above water these past few years. Because I'm a conservative investor, the broker for my small pension plan wants me to buy $5,000 of the Goldman Sachs Growth & Income Fund, which is up over 12 percent for this year.
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Dear Mr. Berko: A good friend, who is a mechanical engineer, just bought 8,000 shares of Capstone Turbine, a company he believes offers the best and cheapest power-generating sources in the country. The stock trades at $1.03, and I’d like ...Read More »
We told our son that if his high school grades were good, we'd pay for his college education. We consider his 3.36 grade point average very good. However, my job was downsized last March, and now we don't have the income to pay the $30,000 annual sum to cover the costs of tuition, fees, books and room and board.
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DEAR MR. BERKO: I recently celebrated my 80th birthday. I’m fairly healthy, and I have a good monthly income from Social Security and two pensions, plus more than $286,000 in the bank earning almost nothing. I figure that, at my ...Read More »