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57
votes
7answers
12k views

Should I use a zero-interest credit card for a large one-time purchase?

An upcoming purchase (nearing $10,000, in the US) would drain savings more than I'd be comfortable with, and I'm wondering if using a zero-interest card to effectively spread out that purchase for 15-...
57
votes
10answers
26k views

When is it better to move - before or after a housing bubble bursts?

My husband and I currently own our home and are looking at upgrading to a bigger house in the next year or two. The housing market right now in our area (US East Coast city) is doing really well, and ...
57
votes
10answers
14k views

Why don't bond makers just get loans?

I was just looking at investment opportunities, and I found a number of places offering bonds paying up to 12% interest over two years. My first thought was, I can get a loan from my bank for 5% ...
57
votes
5answers
15k views

Borrowing money in one country to pay off debt in another

I'm currently living in Germany and can borrow a substantial amount of money at almost no interest, effective 3.4%. In my home country I have several mortgages, basically at the moment funding ...
57
votes
9answers
21k views

What are the alternatives to compound interest for a Muslim?

I have read the importance of saving early and the power of compound interest many many times. However I am a Muslim and cannot participate in anything involving interest. I also learned that keeping ...
57
votes
4answers
19k views

Why would a home seller ask a buyer to offer LESS?

My brother-in-law is looking to buy a house. The house he wants has been on the market for a long time, and it's in pre-foreclosure. The owners are underwater on it. He submitted a lowball offer, ...
57
votes
4answers
13k views

Closed account, haven't received payment. When has the bank “stolen” my money?

Background I closed a checking account over 40 days ago at a large national bank in the US. I was told I would receive a check for the remainder (>$1000) in one to two weeks. I still have not ...
57
votes
14answers
10k views

Do Americans really use checks that often?

That might sound a bit silly to people from USA but is it really that common to use checks in America? I am from Austria and here (Austria, Germany, Switzerland) checks play practically no role in ...
57
votes
6answers
17k views

Will I lose my paid-in-full property?

I paid cash for the land I put a modular home on which I financed. My husband is terminally ill and I am afraid I will soon be foreclosed upon. Will I lose my free and clear land which has been paid ...
57
votes
11answers
7k views

Should you always max out contributions to your 401k?

I am a year out of college, and therefore, i don't have any real retirement/investment plans kicked off. I was having a discussion with my boss, and he was making a few claims I would like to get ...
57
votes
4answers
14k views

If you cut dollar bills in half and then put them back together, are they still valid?

In Amazing Spider-Man #39, a disguised Norman Osborne (the Green Goblin) hires a bunch of hit-men to take on Spider-Man and does it by giving them half the money now. Literally: he splits the bills in ...
56
votes
10answers
15k views

Is it true that real estate prices mainly go up?

My father once told me that real estate was a good business because the population is always going up, therefore more housing is needed, and the space on earth remains the same, so house/apartment ...
56
votes
12answers
24k views

Should I pay off a 0% car loan?

I'm ahead on 0% interest car loan. I don't have to make a payment until October. I currently owe $3,000 and I could pay it all off. Should I do that or leave that money in my savings account that ...
56
votes
8answers
14k views

Do rental car agencies sell their cars at a time when it is risky for the purchaser?

I want to buy a used car, but found many used cars were formerly owned by rental car agencies. Many websites and articles warn against buying former rental cars, because people renting these cars ...
56
votes
5answers
77k views

What happens if one brings more than 10,000 USD with them into the US?

Suppose one has $1,000,000 in a suitcase and they are flying to the US. Suppose they check the box in their customs form that says they're bringing more than $10,000 with them. They show the form to ...
56
votes
8answers
9k views

Gigantic point amount on rewards card - what are potential consequences?

Recently, I asked with an online form for some receipts to get added to my rewards card (because I forgot the card when paying). However, they accidentally added more than a thousand times the amount ...
56
votes
7answers
12k views

Looking after a wayward brother in mother's will

My brother has a problem with money; twice personally bankrupt, 3 marriages and 2 kids (from the 2nd marriage). Our mother is getting old and getting worried. She worries that if she wills him money,...
55
votes
11answers
16k views

Should I take out a loan for a friend to invest on my behalf?

A family friend of mine is an accountant and his company allows him to buy discount shares. He is asking me for $7000 to invest, and we will split the profits 50-50. I don't have $7000, but I can ...
55
votes
16answers
18k views

Why can't we all agree to create a self-fulfilling prophecy with regards to the stock market?

To start off, I'm very green in my understanding about finance or the behavior of the stock market, but it does seem to me to be driven largely by fears & emotions of investors. If investors feel ...
55
votes
9answers
14k views

What happens if a company buys back all of its shares?

As far as I know, it shouldn't happen, a company shouldn't have that much cash to be able buy all of its shares, because the share price should indicate that the company has that much cash in the ...
54
votes
10answers
19k views

What dissuades people from lying about where they live in order to reduce state income taxes?

Lets say you work in Chicago and live in Chicago but put your home address as somewhere in Indiana. Then every week you collect the mail that is being sent to you in Indiana. Wouldn't you save a lot ...
54
votes
5answers
17k views

Am I right to believe this online car-purchase opportunity is a scam?

I was looking to purchase a specific car at autoscout24.com. I found it and I then contacted the car dealer for the next steps. After they provided additional information about the car and I provided ...
54
votes
19answers
13k views

Are there any financial disadvantages to living significantly “below your means”?

By living "below" your means I'm asking about spending significantly less than you could, rather than living "within" your means which of course is sensible if you are able to do it! So for example: ...
54
votes
8answers
12k views

Received a package but didn't order it

My boyfriend's little brother received 2 packages today. One from Eastbay and the other from Office Depot. They were addressed to him but never ordered by him. We called both companies and they gave ...
54
votes
5answers
12k views

How can I sell my shares in a privately-owned company I used to be employed by?

Basically, I was a software developer at a company and I was issued some stock options early on, before the company grew significantly. The company then hired a CEO who pledged to take the company ...
54
votes
7answers
17k views

How big of a mortgage can I realistically afford?

I'm 25, and I'm in the process of closing on a $260,000 mortgage for a very nice condo in downtown Salt Lake City. My salary is $80,000 right now, which I feel is pretty solid, but I'm starting to get ...
53
votes
11answers
21k views

Why auto-renew instead of canceling the subscription after free-trial?

Almost all companies give you a 7/14/30 day free trial to try their service (eg: Netflix, Spotify). Some people forget to cancel the subscription and after the free trial expires, these companies ...
53
votes
4answers
15k views

Random and anonymous `western union´money transfers into my account, is it a scam?

Two months ago I received a money transfer of around 200 € into my account from a company called Custom House Financial UK, which turns out to be an affiliate of Western Union (ie. they do money ...
53
votes
4answers
13k views

On paper I have 1 share in my company. How can I sell a smaller percentage of my company to another party?

To be specific, my wife and are equal partners in our limited company. On paper it says we have one share each. We now want to sell 10% of our company to a third party. How does that work in terms of ...
53
votes
9answers
11k views

Why do I need an emergency fund if I already have investments?

A lot of financial advisers say you should have an emergency fund, in addition to whatever else you're doing. I don't really see the benefit, but let me be more specific. I definitely see that it's ...
53
votes
5answers
28k views

Withdrew £2800, but only £2000 shows as withdrawn on online banking; what are my obligations?

I just withdrew £2800 from the bank. Looking at my online banking, there is only a withdrawal of £2000 listed. The form I signed said the amount I asked for, and the teller weighed the cash out on the ...
53
votes
4answers
7k views

Payroll tax on wheat given as wages

We have a farm in the US, with an employee paid with wheat rather than money. He is an ordinary employee that receives a W2. My accountant said that we don't have to withhold income tax or pay either ...
53
votes
7answers
3k views

Are there hidden downsides to a shorter mortgage?

It seems that 30-year mortgages are very common (standard?). If I find that the monthly payments for, say, a 10-year mortgage are affordable for me, is there any reason not to go with the shorter term ...
52
votes
8answers
26k views

Is this broker a scam?

I was contacted by a 'broker' in January, they said they're based in Switzerland (I'm based in the UK), and they asked to invest some money (as minimum as $1000). They told me that my platform would ...
52
votes
5answers
19k views

Handling waitress unclaimed pay from three years ago

Each week our boss gives us payslips with our hours worked and we can cash them right at the place of work. Pretty simple. You get a receipt for your hours worked for the week and a slip to turn into ...
52
votes
8answers
22k views

How much money should I save in order to generate $1000/month for the rest of my life?

How much money do I need to make in order to generate 1k/month for the rest of my life? Is that even possible? If yes, in what way?
52
votes
8answers
25k views

Why is rent going up in an apartment complex with multiple units sitting unrented?

I'm moving to a new city at the end of the month and am looking for an apartment. I found a property that I like, but the rent was a little more than I wanted to pay. So I decided I would take a risk ...
52
votes
6answers
21k views

How can a company use money from stock investors when they are constantly being bought and sold?

I am interested in the mechanisms which a company can use the money that investors give them when they buy a public stock since they are being bought and sold constantly. How can a company spend other ...
52
votes
9answers
16k views

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

I am trustee for an elderly relative who is not financially competent, and being taken advantage of by a girlfriend. He cannot hold onto money for long, and so I need to periodically provide him ...
52
votes
9answers
16k views

Is it true that, “just ten trading days represent 63 per cent of the returns of the past 50 years”?

I have fallen down a Wikipedia rabbit hole and landed on the page titled Seven States of Randomness. I can't explain in a single sentence what it is talking about, but my question is about an odd ...
52
votes
6answers
8k views

Life insurance that covers only simultaneous/dual deaths

This is probably a stupid idea ... My wife and I both make decent salaries. We believe that either of us could raise our child on a single income if the other passed away. If both of us passed away, ...
52
votes
7answers
8k views

What is the best asset allocation for a retirement portfolio, and why?

Based on financial conversations I've had with trusted family members, I believe that asset allocation is one of the more critical things to "get right" during retirement savings. Based on an ...
52
votes
4answers
97k views

How does a public company issue new shares without diluting the value held by existing shareholders?

When a public company issues new shares, the total number of shares traded in a secondary market goes up. Assuming there is no change in the fundamentals of the company and the profitability, I would ...
52
votes
7answers
348k views

Can I trust the Motley Fool?

A while back I checked out The Motley Fool while doing some research on mutual funds. I found their educational content to be a great overview of what to look for and started exploring. While The ...
51
votes
10answers
16k views

One of my stock positions has grown substantially. Should I rebalance my portfolio?

I'm a small beginner investor with less than 50k portfolio. One stock I hold has grown substantially than everything else and makes up 46% of my portfolio, but it is expected to keep growing and has ...
51
votes
8answers
19k views

Aging parents with no investments

My aging parents (75/77years) own a house on 35+ acres (14+ hectares) in rural NE USA (no mortgage). They have: No investments (other than the obvious property) Savings of maybe $30k in a bank ...
51
votes
15answers
6k views

What are the best software tools for personal finance?

What are the best software tools for personal finance? Please list what you like about the software you use.
51
votes
6answers
9k views

Determining fair price for profitable mobile app business

I have been developing iOS apps for a few years now. They do pretty well, and yesterday I was approached with an offer to buy one of them. The offer was for $40,000 dollars for an app that generates ...
51
votes
12answers
17k views

Invest $50,000 in cash or borrow $100,000 and get a mortgage?

I have $50,000 saved and I'm paying $760 on rent right now. All my relatives are telling me to get a mortgage so I don't "throw money away on rent", but I just don't like the idea of getting in debt ...
51
votes
12answers
10k views

Is insurance worth it if you can afford to replace the item? If not, when is it?

I am talking here exclusively about insurance for items (not for health or other type of insurance where lives and liability are at risk). Let's say I have a 1-year old Macbook (costs $2000+tax new) ...

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