Identity Theft – More Tips on How it Can Be Avoided

Written by Charles Essmeier

Recent security breaches at several credit card companies continue to worry Americans, as stolen financial information can lead to identity theft. Identity theft occurs when someone obtains your Social Security number and/or other vital information and uses it to pose as you. By doing so, they can take advantage of your good credit history to open new credit card accounts or obtain loans. They get to spendrepparttar money, but you get to payrepparttar 150818 bills. It often takes a victim a year or more to even detect that he or she has been a victim of ID theft; clearing uprepparttar 150819 mess caused by an identity theft scam can take years and can harm you personal credit report indefinitely.

We have covered a few identity theft tips in previous articles, but here are some more thingsrepparttar 150820 conscientious consumer can do to minimizerepparttar 150821 chances of beingrepparttar 150822 latest victim of an ID theft scammer:

  • When engaged in online banking activity, avoid using short or obvious passwords. Names of children, family pets, favorite sports teams andrepparttar 150823 like are obvious choices and are easily guessed by thieves. Many scammers now use “dictionary attacks” to obtain passwords, which will try every word inrepparttar 150824 dictionary untilrepparttar 150825 password is cracked. If you use a common name or word, you are vulnerable. If you must use words fromrepparttar 150826 English language for passwords, use long ones. “TheNewYorkYankeesTotallyRock” is a better password than “Yankees.” If you can, use a mixture of letters and numbers. Longer is better.

  • Buy a shredder. Keep important documents, of course, but shred

  • Wal-Mart: Discount Store, Discounted Stock?

    Written by Dr. Charlie Tian

    As GuruFocus ( updatesrepparttar stock buys and sells of gurus, Wal-Mart (WMT),repparttar 150781 discount retail giant, stands out asrepparttar 150782 stock with a high ValueRank (7 out of 10). Just recently, Clipper Fund’s James Gipson and T. Rowe Price Equity Income Fund’s Brian Rogers bought Wal-Mart.

    Oakmark’s legendary fund manager Bill Nygren wasrepparttar 150783 first guru that bought Wal-Mart. He bought at price of $53 a year ago. Bill Ruane,repparttar 150784 Graham-and-Doddsville superinvestor recognized by Warren Buffett, bought about 700,000 shares Wal-Mart at similar price inrepparttar 150785 fourth quarter of 2004. Asrepparttar 150786 stock price drifted down, he added another 380,000 shares, bringing his total holdings to 1.1 million shares. Inrepparttar 150787 last quarter, James Gipson purchased 2.8 million shares of Wal-Mart for his famed Clipper Fund, and Brian Rogers bought 4 million shares of Wal-Mart for his $19 billion T. Rowe Price Equity Income Fund.

    The price of Wal-Mart did not go up, not yet. If an investor buys Wal-Mart today, he pays a lower price than what Bill Nygren and Bill Ruane had paid. If he is patient enough and holdsrepparttar 150788 stock untilrepparttar 150789 price appreciates (finally), he will beat these best investors on this investment.

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