DumbCoder
  • Member for 11 years, 2 months
  • Last seen more than a month ago
  • London, United Kingdom
Didn't apply for credit card but got an application denied letter?
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85 votes

fine because the application was declined anyway. No it isn't fine. Credit card applications generally need a hard pull, so get it rectified. Firstly check if an application was really made on your ...

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I made an investment with a company that contacted me, was it safe?
50 votes

Just browsed their website. Not a single name of anybody involved. Their application process isn't safe(No https usage while transferring private information). And considering they contacted you ...

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Difference between GOOGL and GOOG
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43 votes

GOOG stock represents Class C shares, while GOOGL stock represents Class A shares. Class C shares (GOOG) have no voting rights, while Class A shares (GOOGL) have one vote each. Anyone who owned Google ...

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Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve?
39 votes

borrow money from the Central Bank Wrong premise. They cannot borrow as much as they want and they cannot borrow without collateral i.e. government debt instruments they hold or any other instrument ...

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What precautions should I take when lending money to a friend?
24 votes

The most important lesson is never lend money to friends, unless you are willing to forget the lent amount, if the need arises to save your friendship. Money and relations/friendship is a dangerous ...

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Changing Bank Account Number regularly to reduce fraud
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22 votes

Couple of my friends went through a fraud agent who ran off with their money and the landlords were none the wiser. So it always pays to be a bit diligent. Are they a well known letting agents ...

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Why is an ETF, which is tracking foreign equities, ticking in my local time zone?
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21 votes

You have some confusion regarding how ETFs work. N100 is traded on Indian stock exchanges so it will tick during opens hours in the Indian market. People are buying and selling it during the open ...

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Why is this stock price inflated by 70x its real price?
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20 votes

For example, on Jan 29th 2016 the price was reported as £178.21 when viewing over a 3M range, and £12,425.10 when viewing over a 5D range. The confusion is primarily arising because UK equities and ...

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Do companies only pay dividends if they are in profit?
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16 votes

Yes the company can still pay dividends even if they aren't making a profit. 1) If the firm has been around, it might have made profits in the past years, which it might be still carrying (check for ...

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Why and why would/wouldn't a company split their stock?
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12 votes

From Investopedia, A stock split is usually done by companies that have seen their share price increase to levels that are either too high or are beyond the price levels of similar companies in ...

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Does a mutual fund's expense ratio include the management fee?
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11 votes

The expense ratio is the annual fee that all funds or ETFs charge their shareholders. It expresses the percentage of assets deducted each fiscal year for fund expenses, including 12b-1 fees, ...

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Mismatch between market cap and shares outstanding*price
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10 votes

Yahoo isn't tabulating/updating the data properly and not mentioning the full details. I had a glance at the annual report for 2016. You would need to trawl through the Annual Report on how they ...

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Why might a share price have not changed for several days?
10 votes

It is because 17th was Friday, 18th-19th were weekends and 20th was a holiday on the Toronto Stock Exchange (Family Day). Just to confirm you could have picked up another stock trading on TMX and ...

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Why do stock brokers charge fees
10 votes

They are providing you a service and they charge you for it. The service includes giving you a trading platform(website and the infrastructure), doing all the background work for setting up services ...

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What does it mean when someone says "FTSE closed at xxx today"
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10 votes

FTSE is an index catering to the London stock exchange. It is a Capitalization-Weighted Index of 100 companies listed on the London Stock Exchange with the highest market capitalization . When ...

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What happens when a stock gets delisted?
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9 votes

When a delisting happens, the primary process involves, the firm or the entity, trying to buy everyone out so that they can take the firm private by delisting from the stock exchanges. As the firm ...

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What's the difference between shares outstanding and regular shares?
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8 votes

outstanding shares are the shares(regular shares) that are still tradable in the market, where the firm in question is listed. The term is primarily used to distinguish from shares held in treasury(...

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How come I can't sell short certain stocks? My broker says "no shares are available"
8 votes

In finance, short selling (also known as shorting or going short) is the practice of selling assets, usually securities, that have been borrowed from a third party (usually a broker) with the ...

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Can individuals day-trade stocks using High-Frequency Trading (HFT)?
8 votes

Nobody is going to stop you if you want to try that. But you should keep in mind that you have to invest a lot in getting the best hardware you can lay your hands on, best fail-safe connectivity to ...

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What is the difference between speculating and investing?
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8 votes

Speculation means putting your money on a hunch that some event may occur, depending on current circumstances and some future circumstances. So either you win huge or lose a lot. Investment is a ...

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First time mortgage - process & rates
7 votes

I'd need to have a mortgage agreed before going to look at houses Wrong. You can look at houses without a mortgage in principle, but you would be at a disadvantage to people who do have one. ...

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Pros & cons in Hungary of investing retirement savings exclusively in silver? What better alternatives, given my concerns?
7 votes

First is storage which is a big and a detrimental headache. Security is another big headache. Investing in precious metal has always been an investment opportunity in the countries in the east i.e. ...

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How meaningful is the "stock price" of a stock?
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7 votes

Prices quoted are primarily the offer prices quoted by the numerous market makers on the stock exchange(s) willing to sell you the stock. There is another price which generally isn't seen on these ...

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Should I pay my Education Loan or Put it in the Stock Market?
7 votes

For the sake of sanity, pay off your debt maybe not all but some part of it. You never know what the monster, the stock market may turn out to be. It may gobble up all your money without belching or ...

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Fractional Reserve Banking and Insolvency
7 votes

You bet if it was so simple. This is when financial acumen comes into its true form. The bank would never ever want to go insolvent. What it does is, take insurance against the borrower defaulting. ...

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How does a bank transfer money to another bank?
6 votes

From http://en.wikipedia.org/wiki/Wire_transfer: The entity wishing to do a transfer approaches a bank and gives the bank the order to transfer a certain amount of money. IBAN and BIC codes are given ...

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Are investment companies safe for investing a large sum of money?
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6 votes

Unless and until you are ready to do the ground work and get your hands dirty in the market, it is better to let the money where it is. But how to distribute money in which asset classes, industry etc ...

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Can the Delta be used to calculate the option premium given a certain target?
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6 votes

In a simple world yes, but not in the real world. Option pricing isn't that simplistic in real life. Generally option pricing uses a Monte Carlo simulation of the Black Scholes formula/binomial and ...

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Anyone know if IG or Plus500 are scams or not?
5 votes

people claim that these sites are scams I would like to know which idiots or which website says so. And I would say you haven't done your research properly. At the bottom of the page you can see this,...

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Is there a minimum limit where a limited company can pay zero corporation tax?
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5 votes

Your tax rate is 20% for turnover below £300000. So deducting your expenses and all the tax your accountant thinks you need to pay is £450. But you can claim relief on your tax payments. Visit the UK ...

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