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PraveenP

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PraveenP

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Tuesday, 08/20/2013 1:59:11 PM

Tuesday, August 20, 2013 1:59:11 PM

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I read an interesting article in the Chicago Tribune that one of the best investments over the last year is not from Wall Street - but the New York city streets.

The value of a NYC Taxi medallion increased 49% to $1.3 million.

Interestingly, they say that one of the reasons is technology - specifically cabs accepting credit cards and from apps that allow people to call cabs directly from their phones.

Also, the number of medallions is capped at 13,336 - and it is illegal to drive a cab without one.

Praveen Puri
Author of "Stock Trading Riches"
The Stock Trading Riches System discussion board: http://investorshub.advfn.com/boards/board.aspx?board_id=19287

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