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location Sydney, Australia
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visits member for 2 years, 6 months
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11h
revised Formula for how to distribute a loan payment between multiple loans such that the remaining principal accrues the least interest?
correction
1d
comment Do financial advisers in Canada who work at the bank, make investing decisions not in your best interest?
What commissions is the FP making from the products he recommends you, are they transparent? Do you pay him a fee for service,or does he get paid totally from his commissions? In Australia they have banded FPs from receiving commissions and soft dollar payments, and they can only now be paid by fee for service.
1d
comment Formula for how to distribute a loan payment between multiple loans such that the remaining principal accrues the least interest?
You do mean annual interest rate not monthly interest rate?
1d
comment Formula for how to distribute a loan payment between multiple loans such that the remaining principal accrues the least interest?
If there is no minimum on any of the loans and the terms are all the same, the highest interest rate is number 2. You would pay this one fully off, then could use the remaining $1750 on either 1 or 3 as they are at the same rate. Personally I would pay off 3 first as then once paid off I would have one less payment to make each month. No formula needed - rule of thumb pay off higher interest first if all else the same.
2d
reviewed Close Landlord moves new people in/break lease
Jul
26
answered Chart analysis: What does this mean: 200 period moving average?
Jul
25
answered Formula for how to distribute a loan payment between multiple loans such that the remaining principal accrues the least interest?
Jul
23
reviewed Approve suggested edit on utma tag wiki
Jul
23
reviewed Approve suggested edit on utma tag wiki excerpt
Jul
23
reviewed Approve suggested edit on Which scenario is better for getting rid of mortgage insurance faster?
Jul
23
comment Online brokers with a minimum stock purchase lower than $500
+1 - great answer !
Jul
23
comment Online brokers with a minimum stock purchase lower than $500
With $20 in and $20 out in brokerage that is already 8% of the min. $500 trade - this means your stock needs to go up 8% just to pay your brokerage before you start making actual profits. Why would you want to go smaller than this and increase this percentage even further. By the way CMC Markets has the cheapest starting brokerage at a min. $11 per trade (less if you are a frequent trader).
Jul
23
reviewed No Action Needed What is a clearing bank, in specific, what does RMB clearing bank do?
Jul
23
reviewed No Action Needed Why is paying mortgage interest considered by some to be beneficial?
Jul
23
reviewed Close All possible combinations for commodity spread
Jul
23
comment Am I understanding buying options on stock correctly
@keshlam - "Options, if not exercised, are a guaranteed loss of the full investment." - No they are not, you can sell them back on the market before they expire. "That rationale only applies if you believe the stock will collapse seriously." - you don't have to believe it, but they do - remember the GFC ? It sounds like you know very little about the financial markets going by your answer and comments, so I don't think you should be giving advice to others. You clearly don't understand options, so you are correct in one thing - you should not be touching them !
Jul
23
reviewed Approve suggested edit on Add > 5,500 (excess contribution) to Roth IRA for temporary investment?
Jul
22
comment Where can one graph portfolio performance over time?
Vectorvest does but it is not free.
Jul
22
comment Am I understanding buying options on stock correctly
@keshlam - options can be less risky than shares if used correctly - if you buy options you have a limited downside for a potentially unlimited upside. Fear and greed are both bad when it comes to investing, and they are what get most people into trouble.
Jul
22
comment Where can you find dividends for Australian Stock Market Shares (ASX) for more than 2 years of data?
Like I said in my answer you could join an online broker for free, as most would have this kind of information.