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121 votes

How can I gift $41,000 to my friend anonymously? (Australia)

Use a Lawyer To ensure the legality and anonymity of such a transaction you should be able to use a lawyer as an intermediary without revealing your identity to the friend. Contact a lawyer and ask ...
StephenG - Help Ukraine's user avatar
54 votes
Accepted

High income, sudden windfall

First congratulations and well done in both your salary and investment. Hopefully there will be more of this in the future. First I applaud your initial approach. Give some, spend some, save some. ...
Pete B.'s user avatar
  • 76.7k
51 votes

Borrowing money to buy shares for cashflow?

Buying individual/small basket of high dividend shares is exposing you to 50%+ and very fast potential downswings in capital/margin calls. There is no free lunch in returns in this respect: nothing ...
Philip's user avatar
  • 5,768
46 votes

How can I gift $41,000 to my friend anonymously? (Australia)

Frame Challenge (idk if that's a thing in this SE, but I think it should be in this case) You're concerned your friend won't accept the money if he knows it is from you, how do you know he'll accept ...
TCooper's user avatar
  • 660
45 votes

Why do small merchants charge an extra 30 cents for small amounts paid by credit card?

Here in the US, stores sometimes charge such a fee for small credit card purchases. Not as much as they used to, I think. And some refuse to accept credit cards for small purchases. When I had a small ...
Jay's user avatar
  • 22.8k
34 votes

High income, sudden windfall

What you do with your income, and with your windfall, should be based on your retirement goals, which you have not mentioned. For many people, a paid-off residence and $1M in the bank would mean ...
Grade 'Eh' Bacon's user avatar
17 votes

High income, sudden windfall

I'm going to be a bit practical here. Good for you for wanting to give to charity, but I'm going to ask you to hold off for a bit. Warning, Will Robinson, Warning! As happens occasionally on this ...
computercarguy's user avatar
13 votes

A person wants to deposit 2.1 million into my account

Yes, this is scam. Absolutely and 100%. The details of the scam may vary, but are largely irrelevant as far as the correct course of action goes - which is to cut all communications with this person, ...
void_ptr's user avatar
  • 3,128
13 votes

How can I purchase a car when no one will loan to me?

Simple. Do not buy that newish vehicle, and do not even try to obtain finance. Instead, buy an older vehicle (of a reliable manufacturer like Honda or Toyota) for whatever cash you have - or even ...
jamesqf's user avatar
  • 11.1k
10 votes

Is it a good idea to get an principal and interest loan for an investment property?

Talk about coincidence, we just recieved letters from our bank saying that our interest only loans will be going up by 0.46% and if we want to keep our lower rate we will need to change early to P&...
Victor's user avatar
  • 21k
10 votes

Why do small merchants charge an extra 30 cents for small amounts paid by credit card?

Many small businesses are still on old EFTPOS contracts where they are billed the flat fee per transaction, so they pass it on. I've helped a few family friends and local businesses switch to more ...
coagmano's user avatar
  • 346
9 votes
Accepted

Do "crossed checks" work in the United States?

Crossed Checks don't mean anything over here. As you mentioned, For Deposit Only has the same effect, and that's what banks/retailers look for. Source: Wife is a former bank teller.
BobbyScon's user avatar
  • 14k
9 votes
Accepted

How to protect an exchange rate advantage while studying abroad?

Hedging against currency fluctuations I've considered simply moving my funds to an Australian bank to "lock-in" the current rate, but I worry that this will put me at risk of a substantial loss (...
Brythan's user avatar
  • 21k
9 votes

50k into 24 month 1.15% p.a. term deposit, did I make a mistake?

The most important thing you did was have the opportunity and discipline to save a significant amount at a young age; this was not a mistake. You might have earned a little more in the next 2 years in ...
nanoman's user avatar
  • 30.1k
8 votes

High income, sudden windfall

If your investment property is worth $900K now and you foresee it going down in value, why not sell it now and buy another one (or two) when the market bottoms out? Your wife wants to reduce the risk ...
spuck's user avatar
  • 853
8 votes

Why do small merchants charge an extra 30 cents for small amounts paid by credit card?

I ran a small business in the UK some years ago, when charging extra for credit card transactions was legal. We used to charge an extra 50 pence for transactions under £10. We did this, not because ...
CatchAsCatchCan's user avatar
8 votes

How Safe and Legitimate is Just Sort My Super

There is no ownership data available for justsms.com.au. Their Facebook page has only 16 likes. That's a pretty large fee they're seeking. They're cold calling. I'd say that they are new and sketchy ...
keshlam's user avatar
  • 48.2k
8 votes
Accepted

How Safe and Legitimate is Just Sort My Super

It's a cold call, and you don't even know whether they're really who they say they are. The experience with the recent Medibank Private cyber attack shows that even if you don't sign up with them, ...
Lawrence's user avatar
  • 9,392
7 votes

Is getting paid monthly better than getting paid weekly?

You are getting paid the same amount in all cases as there is more than 4 weeks in a month. If you multiply the weekly amount by 52 weeks, the fortnightly amount by 26 and the monthly amount by 12, ...
Victor's user avatar
  • 21k
7 votes
Accepted

What actions 'encumber' shares?

Encumbering shares In very simple terms it means you can't put the shares as collateral for a loan. An equivalent is when you buy a Mortgage, you keep your house as collateral with the Bank. ...
Dheer's user avatar
  • 57.1k
7 votes

Yahoo's finance data for dividends is flat out wrong for CBA.AX. Why is that?

Atypically, Yahoo appears to show a grossed-up dividend (i.e. the dividend, adjusted for franking credits) rather than the actual dividend paid to a shareholder. As at 30 Apr 2018, Yahoo shows a ...
Richard at NorgateData's user avatar
7 votes
Accepted

Tax deduction for donating to international charity

Basically to know if a charity is tax deductible in Australia you should do a search on 'ABN Lookup'. In 'ABN Lookup' if you type "Save the children" in the search box it will come up with a few ...
Victor's user avatar
  • 21k
7 votes

How to interpret the salary in this job offer

Let's give the important part of the answer first. If you are unclear about the terms of an offer, ask the company for clarification. Only they can tell you what they actually mean. We can guess, but ...
DJClayworth's user avatar
  • 33.6k
6 votes
Accepted

Why is the highest quintile the only quintile whose wealth exceeds its income?

I think you came up with a worthy Masters/PhD research project, it is a great question. This is in Australia so it is difficult for me to have complete perspective. However, I can speak about the US ...
Pete B.'s user avatar
  • 76.7k
6 votes

My university has tranfered me money by mistake, and wants me to transfer it back

If you are convinced/sure its legit. Is doing a bank transfer to correct their mistake, actually the right way to do it in the first place? Best is to write to University and ask if this extra ...
Dheer's user avatar
  • 57.1k
6 votes
Accepted

Is there a problem with withdrawing large amounts at a bank? Australia

It will be reported to the Australian Transaction Reports and Analysis Centre (AUSTRAC), but this won't prevent you from flying, assuming the money was earned legally and you aren't doing anything ...
Michael's user avatar
  • 10.2k
6 votes

Borrowing money to buy shares for cashflow?

Don't do it. I would sell one of my investment houses and use the equity to pay down your primary mortgage. Then I would refinance my primary mortgage in order to lower the payments.
Missy's user avatar
  • 161
6 votes

How to protect from fraud when giving out CVV

In Australia, it seems like a common practice that when paying for something over the phone, the guy on the other side asks for the credit card number, expiry and the CVV number ! That's just as ...
RonJohn's user avatar
  • 50.7k
6 votes
Accepted

How to protect from fraud when giving out CVV

I think you have a misapprehension as to what the CVV is. First off, every time you enter it into a website, you're "giving" it to someone, same as if you give it over the phone. Maybe you trust ...
Joe's user avatar
  • 35.8k
6 votes

What kind of professional should I speak to regarding protecting a house from auto defacto?

You should talk with an attorney specializing in family law. The "defacto" status you are concerned about, where it exists, is called common law marriage. Protecting assets in the event of ...
nanoman's user avatar
  • 30.1k

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