Podcast #128: We chat with Kent C Dodds about why he loves React and discuss what life was like in the dark days before Git. Listen now.

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56

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 would have if you paid with cash, because it feels like free money, and you've justified in your mind that the extra you earn will help pay for the more expensive ...


23

Your practice of waiting until you can pay cash is a good one. It will certainly prevent you from getting into debt! Now, to be clear, your question puts a credit card in the same category as a loan, but it doesn't have to be. You could use a credit card almost like cash, if you are careful. I'm not familiar with the system in France, but in the US, even ...


16

I am mostly interested in long-term dividend-paying investments. Why only dividend stocks? The value of a stock goes down when they pay a dividend, so dividend stocks are (in my opinion) more appropriate for short-term income needs. Long-term you should be looking at total return (dividends + price growth). Plus, capital gains are taxed less if the stock ...


12

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 remind you of the date, because the lender has the secret hope that you will forget.


11

If you are downloading the app from legit stores [Apple store, Google Play], then it is fine. Adidas is indeed running a campain to get more users download the app and get exclusive shoes that they don't intend to sell in retail market. The adidas strategy seems to make the product exclusive and available only to individuals. Note you have to be in person ...


10

A tax like this means that you pay 75% on the amount of your income over 1 million Euros. This page gives the current rates. So: Income Share Tax Rate Up to €6,011 0% Between €6,012 - €11,991 5.5% Between €11,992 - €26,631 14% Between €26,632 - €71,397 30% Between €71,398 - €151,200 41% Above €151,200 45% So if you are earning €1000001,...


9

The quick and dirty answer to your question is no. An ETF is not company equity. Is pizza fundamentally better than pepperoni? When you dig deeper in to the "you can't beat the market" it's REALLY about fees. Passive index tracking funds, either exchange traded or mutual funds, have low fees. If I can buy an actively managed fund that seeks to beat ...


8

It is the people who you bought the ticket from. Blocking is frequently done by hotels, gas stations, or rental car companies. Also, for anything where the credit card might be used to cover any damages or charges you might incur later as part of the transaction. In essence, they are reserving part of your credit limit, ostensibly to cover charges they ...


8

Because US banks would rather use (free) ACH instead. From https://www.nerdwallet.com/blog/banking/ach-transfers/ (mirror) Delivery of ACH transfers can take several business days, meaning days that banks are open. Unlike the real-time processing that wire transfers have, ACH network operators process transfers in batches only three times a day. […] ...


6

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 kinds of documents, giving away much personal information (age, employment info, income, email address etc). She now has a financial relationship with an ...


6

Here is my perception of the situation, obtained from reading Degiro's Client Agreement. If Degiro shuts down, it will notify you about the fact at least one month in advance, and you will have enough time to order a transfer of your positions to a different broker. If Degiro shuts down unexpectedly, your assets will remain to be held at SPV, a separate ...


5

The request to block the money is made by the Party who sells the product. Based on this request the Bank blocks the funds. Subsequently the Party who sold the product makes a charge against this block. Just to give an easy example; You Check into a Hotel, as the total amount is not know, the Hotel first sends a Block request to block some funds. The Bank ...


5

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 credit rating. Banks / Lenders like it when they see you have previously taken, and repaid, credit. This can help you get better finance deals etc. in the future. ...


4

I am not interested in watching stock exchange rates all day long. I just want to place it somewhere and let it grow Your intuition is spot on! To buy & hold is the sensible thing to do. There is no need to constantly monitor the stock market. To invest successfully you only need some basic pointers. People make it look like it's more complicated than ...


4

There are, in fact, two balances kept for your account by most banks that have to comply with common convenience banking laws. The first is your actual balance; it is simply the sum total of all deposits and withdrawals that have cleared the account; that is, both your bank and the bank from which the deposit came or to which the payment will go have ...


4

If I lose the card and the person found it can easily make a transaction. Yes The online merchants can fraudulently use my card information. Yes Is it normal for online transactions? Yes, in most of the Western world it works as you described for France. What if I lose the card? Does this mean someone who get it can constantly make purchases ...


4

In any country, individuals (and shops) can reject any form of payment that is not Legal Tender - defined by law as a payment form that must be accepted. Shops are typically more generous, because they want to do business with you, but individuals are in a different position. In France, only official coins and bills are declared as Legal Tender (so if they ...


4

Definitely sounds like scam. Odds are are high that the page he gave you the link to is a fake and this app is pure identity theft. Run away, unless you are interested enough to do the work to check with the company and confirm this is legitimate. Nobody contacts strangers with this kind of story without it being a scam. The fact that this one sounds shady ...


4

Should I trust my bank (& my banker) about it ? Blindly NO. Most Banks / Advisor's get commission for the sales of financial products. They would be more motivated to sell something that gives them larger commissions that what is best for you. This is similar to a salesman trying to sell you electronic goods or any other item. Do your homework. See if ...


4

I don't know where you are from, so I cannot compare with your previous country. Services which may not be universal such as online banking Online banking is pretty much universal and free today, even with brick-and-mortar. Credits cards exists in France but really aren't as popular as they are in the United States of America, for example. Before, banks ...


4

If the fees to keep the account open are reasonable then it's worth keeping it open for now. It streamlines things if you need to visit or otherwise have business transactions (e.g. order things from online stores) with France or other EU countries. If you are not yet even in university, I think it is far too early to predict where you will end up spending ...


4

I don't think this is a French thing. It's like this everywhere. Banks always want people to open accounts of every type. A person with a checking account should be easy to sell on a savings account at the same institution. Given that it does not appear that they will have any chance to recover the money they spend to get customers to open these ...


4

The Livret A is a very specific product. It's tax-exempt and would historically not be available through regular banks. Commercial banks can now offer it but they only collect the money on behalf of the Caisse des dépôts (CDC). The CDC then pays interest to the savers and a commission for the bank. The commission is baked into the system, not charged to the ...


4

Because a few dozen companies randomly chosen from widespread market show the same gain in the long term as all the indices (Dow, SP500, etc), I don't think that fundamentally you'll win or lose anything. ETFs provide a wider diversity of shares. Suppose you have 30 stocks in your portfolio. If one of them goes bankrupt (see Enron), then you'll lose 1/30 ...


4

Quelle coïncidence, I did the exact same thing -- taught English in France and went through the same problems when closing my bank account. What finally did it was a physical letter in the mail to the French bank branch, sent with all the flourishes of a French business letter. "Je vous prie d'agréer, Monsieur, l'expression de mes salutations distinguées," ...


3

I regularly transfer money from the US to Europe, and have found a simple US check a pretty useful way (if you are not in a hurry): you write a US dollar based check to yourself, and deposit it to a bank in your new location (which implies you open an account in France, yes). It takes some days (somedays 7 days), and then the money will be deposited. The ...


3

Person 1 may walk into his bank and fill out a form for SWIFT payment.


3

As a french or non-french resident, the main extra cost for buying real estate in France are taxes and notary fees, usually just called altogether "frais de notaire". For an existing property, they usually represent about 7% of the price tag, entirely payed by the buyer. (Notaries often remove the seller agent fees from the price tag for a lower calculation ...


3

A loan with modest interest is better than paying by cash if there are better alternatives for investment. For example, suppose you are buying a house. Consider two extremes: a) you pay the house entirely by cash, b) the entire buy is financed by the bank. Historically, real (subtracting inflation) house prices (at least in the U.S.) have not risen at all ...


3

This 2013 article claims (my bold) There is currently much confusion since the UK / France tax treaty changed and one point of confusion is how property is taxed for capital gains. ... Since the change in the UK / France tax treaty, capital gains from UK property, for French residents, are now taxed in France under French rules. However, details ...


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