How Many Days to Turn a Penny into a Million Dollars?

Lets assume you have a penny (once cent).

Lets say you invested the penny and at the end of the first day it doubled. You would then have two cents. Nothing to get excited about right?

Lets assume you started investing day after day. So on day two you invested your two cents and ended the day with 4 cents. Each succeeding day you invested and every day you doubled your money.


How many days would it take before you had $1,000,000 (one million dollars)?

If you don't know the answer to this question off the top of your head, you might be surprised when you learn the answer.

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Answer: 28 days.

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Bob DeMarco is the editor of the Alzheimer's Reading Room and an Alzheimer's caregiver. The Alzheimer's Reading Room is the number one website on the Internet for news, advice, and insight into Alzheimer's disease. Bob has written more than 950 articles with more than 8,000 links on the Internet. Bob resides in Delray Beach, FL.

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Treasury Announces Additional Tax Deductions for New Auto Purchases

The Department of Treasury today announced that a tax deduction for the purchase of new motor vehicles is available in states that do not have a state sales tax.

Under the American Recovery and Reinvestment Act of 2009, taxpayers who buy a new motor vehicle this year are entitled to deduct state or local sales or excise taxes paid on the purchase.

The Treasury Department has determined that purchases made in states without a sales tax–such as Alaska, Delaware, Hawaii, Montana, New Hampshire and Oregon–can also qualify for the deduction.

"Building on the Recovery Act, the Treasury Department is taking steps to make sure every American, in every state qualifies for a tax deduction when purchasing a new car," said Deputy Secretary Neal Wolin. "This tax deduction not only increases support for the auto industry as it seeks to rebuild, but also puts money back into the pockets of hardworking Americans."

Taxpayers who purchase a new motor vehicle in states that do not impose state sales or excise taxes are entitled to deduct other fees or taxes imposed by the state or local government that are based on the vehicle's sales price or as a per unit fee. According to the IRS and Treasury, the intent of the provision is that these other fees or taxes could qualify for purposes of the special tax deduction.

To qualify for the deduction, the vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010. The special deduction is available regardless of whether taxpayers itemize deductions on their returns. Taxpayers can claim this special deduction only on their 2009 tax returns next year.

The deduction is limited to the fees or taxes paid on up to $49,500 of the purchase price of a qualified new car, light truck, motor home, or motorcycle.

The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.

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The Housing and Credit Crisis Explained

This presentation on the Housing and Credit crisis is the best I have seen. It explains everything from soup to nuts.

Each slide contains a graph that is well explained.

They say a picture is worth a thousand words.

Once you get through this, you will understanding the current credit crisis in housing, and what to expect in the years ahead.

If you take the time to view and read this you will be fully informed.

Hit the full screen button in the upper right hand corner of the panel below.

T2 Partners Presentation on the Mortgage Crisis

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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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TauRx Therapeutics-- New treatment halts progress of Alzheimer's disease

clipped from alzheimersreadingroom.blogspot.com The results of the Phase 2 study of TauRx's new treatment strongly suggest that it is possible to halt progression in mild and moderate Alzheimer's. TauRx is continuing to refine its treatment and hopes that restoration may be possible at least at the earlier stages with improved versions of its drug. Tangles are already destroying nerve cells in parts of the brain critical for memory in people in their fifties and upwards. The ultimate goal is to develop a product that is convenient for patients that could be widely used at the very earliest stages of the disease, long before patients experience the first symptoms of Alzheimer's.

CNBC Million Dollar Portfolio Bonus Bucks Answers

Squawk Box
According to Boone Pickens, how much is the U.S. sending overseas for oil?
Answer: 4x the Iraq War’s cost

Squawk on the Street
On Tuesday, Jim Cramer said it was “time to ring the register” and sell. But what railroad stock was he BULLISH on? Answer: CSX

The Call
Short seller Doug Kass mentioned Warren Buffett and a famous tyrant in a CNBC interview. Which tyrant?
Answer: Napoleon Bonaparte

Power Lunch
Which “gloom & doom” figure told CNBC Monday “I think the economy really stinks”? Answer: Marc Faber


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Robert T DeMarco Weblog: The latest in Financial Infotainment--Minyanville

Robert T DeMarco Weblog: The latest in Financial Infotainment--Minyanville
A friend of mine sent me a link to this website, Minyanville. The site is will worth visiting. Informative and entertaining. The stuff on China, subprime loans and trading is thought provoking. Chances are good you will be sending this link along to your freinds.


Some examples of the headline stories.

Fire in the Hole!
Todd Harrison
...as yesterday’s false alarm once again proved, structural smoke won’t matter until someone actually sees a fire.

Testing the Waters of Intel
Jeff Macke
Plucking at the strings of lunacy, trying to find something valid enough to trade off, thus becomes a somewhat futile exercise...

Stocks To Watch: Dell, eBay, Ford, IBM, Sysco
Minyanville Staff
Today's top stories and some stocks with potential to move...

Bear Stearns' Hedge Fund Mess
Bennet Sedacca
Brokerage paper has been widening relative to Treasuries of late, but so has everything else, as perhaps it should.

The Market's Remarkable Symmetry
The market may have an agenda higher in terms of time and price, but... there are many clusters of time, price and pattern projecting a turning point in this neighborhood.


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hedge funds, infotainment, investing, minyanville, subprime loans, trading

Case-Shiller Home Price Index

CNBC Portfolio Challenge Bonus Bucks Answers for Friday, May 11, 2007 and CNBC Million Dollar Portfolio Challenge

Case-Shiller Home Price Index

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Case-Shiller Home Price Index

According to the S&P/Case-Shiller Home Price Index, home prices in Seattle are up how much from a year ago?


According to the S&P/Case-Shiller Home Price Index, home prices in Seattle are up how much from a year ago?

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CNBC Portfolio Challenge Bonus Bucks Answers

CNBC Portfolio Challenge Bonus Bucks Answers for Friday, April 20, 2007 and CNBC Million Dollar Portfolio Challenge

Google reported that it's quaterly net profit rose how much?

Shareholders of Firstgroup will meet today to close a 1.8B pound takeover deal of what major U.S. services company?

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