Hot answers tagged

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 ...
user avatar
22 votes
Accepted

In which situations is it better to consider a loan instead of paying cash?

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, ...
user avatar
  • 45.7k
17 votes

Are ETF trackers fundamentally better than individual stocks?

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 ...
user avatar
  • 115k
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 ...
user avatar
  • 21.2k
12 votes

Is there any tax difference between a US citizen and a US lawful permanent resident?

There are some differences in US gift tax if the person's spouse were to give a gift (or leave an inheritance) to the person, although the gift tax would be paid by the giving spouse, not the person ...
user avatar
  • 15.7k
11 votes
Accepted

Should I do Adidas confirmed in exchange of money

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 ...
user avatar
  • 56.6k
10 votes
Accepted

What happens to my stocks when broker goes bankrupt?

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 ...
user avatar
  • 416
10 votes

Are ETF trackers fundamentally better than individual stocks?

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 ...
user avatar
  • 48.6k
8 votes
Accepted

Why are domestic wire transfers free in France but cost ~20 USD in the United States?

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 ...
user avatar
  • 49k
8 votes

Why do companies pay salaries rather than donations?

I think you mean a "gift". Clearly pay for work is not a gift. It's a payment for consideration (consideration means your work). Gifts don't have consideration. Passing it off as such is fraud. It's ...
user avatar
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 ...
user avatar
  • 171
6 votes

Is there any tax difference between a US citizen and a US lawful permanent resident?

For income tax purposes, there is no difference between US citizens, permanent residents ("green-card" holders), and US tax residents (those who are not permanent residents but are residing ...
user avatar
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 ...
user avatar
  • 181
5 votes

Are ETF trackers fundamentally better than individual stocks?

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 ...
user avatar
  • 151
5 votes
Accepted

How to force a French bank to close your account?

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 ...
user avatar
  • 23.8k
5 votes

Why do companies pay salaries rather than donations?

The short answer is that France not only gets to decide how donations are taxed, but what a donation (for tax purposes) is in the first place. It doesn't matter if the company calls it a donation, ...
user avatar
  • 4,352
4 votes

How can a beginner start an investment portfolio in Europe (France)?

This post has been wrote in 2014, so if you read this text be aware. At the time, and since France does tax a lot investment, I'd suggest you start a PEA and filling in using the lazy investment ...
user avatar
  • 141
4 votes
Accepted

Is it possible for an individual to refuse a cheque in France?

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 ...
user avatar
  • 37.1k
4 votes
Accepted

Start Investing - France

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 ...
user avatar
4 votes

Mastercard - No password for online transactions

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 ...
user avatar
  • 131k
4 votes

Should I do Adidas confirmed in exchange of money

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 ...
user avatar
  • 31.8k
4 votes
Accepted

Is it legal to receive money out of the blue?

It is not legal to receive large amounts of money that you cannot explain. If you receive more than 10,000€ (or even with smaller amounts regularly) there may be an investigation for money laundering ...
user avatar
4 votes
Accepted

Should I trust my banker to invest?

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 ...
user avatar
  • 56.6k
4 votes

How to decide on a French bank

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, ...
user avatar
  • 41
4 votes

What should I do with a savings account in another country?

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 ...
user avatar
  • 3,632
4 votes

Why do French banks push hard that customers open a savings account?

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 ...
user avatar
  • 14.9k
4 votes

Why do French banks push hard that customers open a savings account?

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 ...
user avatar
  • 1,031
4 votes

Is there any tax difference between a US citizen and a US lawful permanent resident?

Answer from Mike Eisler: My understanding is that considering estate taxes there is a major tax difference. As a former green card holder this question interested me for a time. If one spouse in a ...
user avatar
3 votes

Moving to Europe, savings in the US, alien both in Europe and the US, trying to maximize exchange rates

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 ...
user avatar
  • 37.1k
3 votes

As a french tax resident, do I have to pay french capital gains tax on a UK property

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 ...
user avatar
  • 3,389

Only top scored, non community-wiki answers of a minimum length are eligible