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62 votes
Accepted

Sold item on eBay, buyer wants it to be delivered to another country, and pay by bank transfer

Since no-one else has answered I'll convert my comments into an answer. This does have the hallmarks of a scam to me, and in your shoes I would cancel the purchase and explain to the would-be buyer ...
Vicky's user avatar
  • 24k
57 votes
Accepted

Should I pay cash or prefer a 0% interest loan for home furnishings?

There are several issues with paying for furniture and appliances with 0% credit instead of paying with cash. When you pay with 0% credit, you might be tempted to spend more on something than you ...
Ben Miller's user avatar
  • 115k
53 votes

What are the pros and cons of a credit card for a European?

For me, the overriding Pro is that the money doesn't leave my bank account until I want it to. For example, my daughter was in school in China, and needed to quickly buy a ticket home, which she did. ...
RonJohn's user avatar
  • 50.7k
31 votes

What are the pros and cons of a credit card for a European?

The main advantages and cons have already been mentioned in other answers, and so I won't repeat them, but let me touch on a few other lesser advantages of credit cards. Credit cards protect against ...
dsollen's user avatar
  • 1,196
26 votes

Sold item on eBay, buyer wants it to be delivered to another country, and pay by bank transfer

In Germany there is a somewhat popular schema that roughly translates to triangular fraud. The fraudster sees your auction and buys the item for price X. He will then immediately create an auction "...
b0wter's user avatar
  • 361
20 votes
Accepted

How do stocks like INL (traded in Frankfurt) work?

A "stock price" is nothing but the price at which some shares of that stock were sold on an exchange from someone willing to sell those shares at that price (or more) to someone willing to buy them at ...
Michael Borgwardt's user avatar
20 votes

How to start toward financial independence

First off, I have to say "rent, gas, electric, internet: 20%" is phenomenal, do everything in your power to keep this at that % for as long as possible. Then, given the safety nets that are standard ...
Leon's user avatar
  • 4,107
18 votes

What are the pros and cons of a credit card for a European?

Pros: A CC can be very convenient when travelling, especially to the US or other "credit card countries". A CC can be the only way to pay online for certain services, mainly from companies outside ...
Douwe's user avatar
  • 349
13 votes

Should I pay cash or prefer a 0% interest loan for home furnishings?

Read the terms and conditions very carefully. Many zero percent deals have a requirement that you pay back at a certain date, and if you don't, you'll have to pay some enormous percentage. Nobody will ...
gnasher729's user avatar
  • 22.9k
12 votes

Buying an US ETF from Europe using Interactive Brokers

If you have only EU/UK tax residency, you can buy any ETF with "UCITS" in the name - those conform to the new consumer information regulations. I gather that the expense ratios often aren't quite as ...
Amanda Debler's user avatar
11 votes

Sold item on eBay, buyer wants it to be delivered to another country, and pay by bank transfer

Bank transfers certainly are reversible. Just as one example, imagine this. The person hacks someone and transfers the money from the victim's account. Does the victim get to reverse that charge? ...
Harper - Reinstate Monica's user avatar
11 votes

What are the pros and cons of a credit card for a European?

In the EU the main difference is that "some" debit card are debits. They can't be used for online payments. For the EU - "credit history" don't exist. Some countries have private companies that ...
SZCZERZO KŁY's user avatar
10 votes
Accepted

Are banks in Europe allowed to charge you for too low a balance?

You asked, Are banks in the EU allowed to charge fees for having too low of a balance? I'm not asking about overdraft fees like 20% annually for how much below zero your balance is. I'm asking ...
dwizum's user avatar
  • 17k
10 votes
Accepted

Are Bonds holder paid before Stock holders in USA unlike Europe AT1 Bond holders?

It's important to understand that they aren't just regular bonds, they are CoCo (contingent convertible) bonds that exhibit features of both bonds and equity. They all have different contingencies and ...
0xFEE1DEAD's user avatar
  • 8,498
9 votes
Accepted

Where can I invest into S&P500 without leverage

Member mhoran's comment was an answer. why not just invest with any of the dozens of mutual fund companies that have an S&P 500 index fund or ETF? The ETFs are more commonly not leveraged. ...
JTP - Apologise to Monica's user avatar
9 votes

Sold item on eBay, buyer wants it to be delivered to another country, and pay by bank transfer

Contrary to the given answers I think you can make the sale provided you have a shipping option with proper tracking. First, not everybody has a paypal account but (at least in Western Europe) ...
quarague's user avatar
  • 1,210
7 votes

Should I pay cash or prefer a 0% interest loan for home furnishings?

A friend recently bought an 800€ TV on 0% financing. Sounded like a sensible thing to do. Why pay 800 when you can pay 80pm for 10 months? It took 30mins to set up the 'loan'. She had to sign all ...
paul's user avatar
  • 171
7 votes
Accepted

28 years old and just inherited large amount of money and real estate - unsure what to do with it

We don't have a good answer for how to start investing in poland. We do have good answers for the more general case, which should also work in Poland. E.g. Best way to start investing, for a young ...
Brythan's user avatar
  • 21k
7 votes

Investing 30k Euro as a student with basic financial knowledge but lack of time

For almost all, the correct way to invest is to invest a certain percentage into stocks and a certain percentage into bonds. Given your young age, if you don't need the money for the next 10-20 years, ...
juhist's user avatar
  • 6,723
7 votes

Is it more financially sound to own 100% of one property or 50% of two properties?

As nearly everything, it has pros and contras. The benefit of having two assets is to be more diversified. If you have a tenant which ruins your property, and it is your only property, you are in a ...
glglgl's user avatar
  • 5,417
7 votes

What are the pros and cons of a credit card for a European?

One of the reasons I don't see listed here is that for certain types of transactions you may need to reserve a large amount of safety deposit, which is convenient with credit card and might be ...
Gnudiff's user avatar
  • 266
7 votes

How can I transfer money from a US bank account to an IBAN+BIC number (European bank account) without any fees?

Franck, "a rate" does not exist. Dealers who exchange 10s of millions, complain bitterly that other guys who exchange hundreds of millions get a better price. Rates are incredibly different ...
Fattie's user avatar
  • 13.8k
6 votes

Can I force companies to accept a SEPA bank account?

This is not allowed, and there is a name for it: IBAN discrimination. Searching for that term will give you some pointers what to do about it. The EU regulation that prohibits this is 260/2012, ...
Jan Fabry's user avatar
  • 161
6 votes

Why are some wage taxes officially paid by the employer, even though they're really paid by the employee?

As well as the visual impact - employees don't see the money disappearing directly from their paycheck so don't feel as heavily taxed - there's usually one practical difference, at least in the UK. ...
GS - Apologise to Monica's user avatar
6 votes
Accepted

Where do I go to invest?

Or can I just walk into my local bank? Yes, you would usually approach your bank. However, you wouldn't just "walk in", you would ask for an appointment with a financial advisor. Will a bank take ...
Philipp's user avatar
  • 23.9k
6 votes

How to start toward financial independence

FWIW, you unwittingly laid a trap by setting up your question the way you did, and half of your responders fell into it. How much you're spending on what right now is completely irrelevant. So are ...
ChaosTheorist's user avatar
6 votes

How should I invest if I have much disposable income and cash on hand?

You are off to a good start. Highly recommended reading https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661: The guy was Warren Buffet's teacher has been dead for ...
Hilmar's user avatar
  • 7,697
5 votes

Should I pay cash or prefer a 0% interest loan for home furnishings?

If you can set up automatic payments (like direct debits in the UK) and you can be disciplined enough to not spend the money on something else then this can be a good way of building/improving your ...
mattumotu's user avatar
  • 181
5 votes

How do stocks like INL (traded in Frankfurt) work?

They don't have to track each other, it could just be listed on more than one exchange. The price on one exchange does not have to match or track the price on the other exchange. This is actually ...
Victor's user avatar
  • 21k
5 votes
Accepted

Considering leverage

I wonder which quantity would you think could be reasonable in my situation. How about zero? You are borrowing at a fixed rate of interest in order to invest and get a risky variable rate. I don't ...
D Stanley's user avatar
  • 133k

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