Martin Bonner supports Monica
  • Member for 4 years, 11 months
  • Last seen more than 1 year ago
  • Baden-Wüttemberg, Germany
US doctor working in Tripoli wants me to open online account
83 votes

This is a scam. You will send the money on, they will withdraw the money in cash from the account you send it to, and then it will turn out that the money he sent you doesn't actually exist. You will ...

View answer
Looking after a wayward brother in mother's will
83 votes

You do need a trust - but the fee is for professional trustees. If your mother appoints some people she trusts as unpaid trustees, then it's free. You are the obvious choice, but she will need some ...

View answer
Does cashing a 3% share harm the company itself?
11 votes

All of the other answers concentrate on the impact on the share price or company value of selling some small fraction of the company's shares. Depending on exactly how the shares are sold, and how ...

View answer
401(k) loan and job transfer
10 votes

There is another option (which is the one I would choose): Establish a line of credit. This will cost a small administration fee, but if you don't use the line of credit it won't cost any interest. ...

View answer
is it possible for a founder to own 70% of their company's shares even after the company IPOs?
6 votes

Yes of course it is possible. Of course such shares would be less attractive to investors because the founder can control votes at the AGM and who is appointed to the board. 70% would be a very ...

View answer
Is it the truth that gold / silver coin costs differently in different countries?
5 votes

I am sure that it is true that the cost of a 1oz gold coin (or whatever the size is) is different in different countries. However the difference is going to be tiny (apart from differences in duty) - ...

View answer
What is the safest method of receiving payment for expensive items being sold on Gumtree?
5 votes

Cash is an option. It's less common than in Europe, but 40 £20 notes are not that difficult to count or keep secure. If you are worried about security, you also need to worry about the "purchaser" ...

View answer
What do I need to watch out for when receiving a large sum of money as a gift in Germany?
3 votes

To extend the (excellent) answer from Lucas. Your girlfriend's mother has no claim on your assets at the moment. Assuming your girlfriend lives longer than her mother, your girlfriend will by ...

View answer
Is UK part of my EU state pension lost after brexit?
Accepted answer
3 votes

My best guess is "probably not". My guess is that if you retire in (say) Germany, you will have to claim a UK state pension directly from the UK (separately from the pension you claim from the ...

View answer
Claim Money to upgrade
2 votes

Yes, that is absolutely fine. In general you don't have to use insurance money to replace whatever was lost. You can use the money to go on a nice holiday instead. With roofing, gutters, and similar ...

View answer
What happens if there is a typo in a wire transfer?
2 votes

In the UK, there is no check on the name and address field at all. You can put "Micky Mouse" there if you like, and nobody will notice. Furthermore, almost all UK bank account numbers do not have a ...

View answer
Trust issues with rental security deposit
1 votes

The Swiss have a perfect solution for this. Your rental deposit is placed in a special rental deposit account that belongs to you. What is special about it, is that the bank will only let you ...

View answer
Why does risk level matter?
1 votes

If investing £10,000 over ten years, most people would prefer one that guarantees to return £15,000 to one which has a 75% chance of returning £20,000 but a 25% chance of returning £0. The point is ...

View answer
How can I safely transfer a small amount of money to Ukraine from the USA?
0 votes

Use a money transfer service like Transferwise. Transferwise will transfer 200 USD to a Ukranian bank account for about 5-10 USD. (The main page says $6, but another page says $10. I suspect they ...

View answer
Transfer money from UK bank account to Pakistan Foreign Currency account
0 votes

Have you considered keeping your UK bank account? Depending on your (UK) bank this may not be possible, but Nationwide at least certainly allows us to maintain a UK bank account while living in ...

View answer
Mathematical proof that NPV always negative when rate of return less than discount rate
0 votes

Assuming the second line should be corrected to: NPV = -C0 + summ( Ct / (1+rd)^t ) = -C0 + summ( (r^t*C0) / (1+rd)^t ) We can continue: = -C0 + summ( (r/(1+rd)^t *C0 ) So clearly what ...

View answer