Mason Wheeler
  • Member for 10 years, 8 months
  • Last seen this week
Is paying off your mortage a #1 personal finance priority?
64 votes

Paying off your house quickly should be a #2-level priority, behind making sure you have some basic savings but definitely ahead of any investing concerns, because your house is not an investment; it'...

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Indie Software Developers - How do I handle taxes?
25 votes

I think the best advice you're going to get on the subject is: If you made $250k in half a year, you definitely have enough to hire an accountant! Get professional help on the subject, and they'll ...

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Is it safe to invest in cryptocurrencies such as bitcoin?
8 votes

I remember, when Bitcoin first came out, looking at the technology involved and saying "this will never amount to anything other than one big scam." Turns out I was wrong: it's become a ...

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What is this type of risk-free investment called?
8 votes

These products are real, but they aren't risk free: 1) The bank could go under in that time. (Are the investments FDIC insured?) 2) Your money is locked up for 5 years, probably with either no way ...

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What (if any) is the reason to buy in small local stores?
5 votes

There's a great scene in the movie Guardians of the Galaxy where Rocket asks Quill why he should care about saving the stupid galaxy anyway, and Quill responds, "because I'm one of the idiots who ...

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mortgage vs car loan vs invest extra cash?
3 votes

First off, the "mortgage interest is tax deductible" argument is a red herring. What "tax deductible" sounds like it means is "if I pay $100 on X, I can pay $100 less on my taxes". If that were true,...

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Making $100,000 USD per month, no idea what to do with it
2 votes

What I would do, in this order: Get your taxes in order. Don't worry about fancy tricks to screw the tax man over; you've already admitted that you're literally making more money than you know what ...

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What is the worst thing that can happen with my investment in mutual funds?
1 votes

The worst thing that can possibly happen to a mutual fund investment is that you can lose all the money you invested in it, if something goes catastrophically wrong. Note that this is not the worst ...

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Why does Charles Schwab have a Mandatory Settlement Period after selling stocks?
1 votes

They're taking advantage of float. Like so many things in the financial world today, this practice is a (strictly legal) fraud. When you make the transaction, the money is available immediately, for ...

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Why is property investment good if properties de-valuate over time?
1 votes

Real estate is not a good investment. In fact, it's easy to make a case for it being the worst possible investment imaginable: Imagine over a cup or coffee or a glass of wine we get to talking about ...

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