Mattman944
  • Member for 2 years, 7 months
  • Last seen this week
The Venezuela Stock Market Crashed 99.90% on March 15th, 2021. What happened and why?
Accepted answer
74 votes

Not a crash, an adjustment. Because of the insane inflation, they have adjusted it periodically by dividing by 1000. Last one was March 2021. https://en.wikipedia.org/wiki/%C3%8Dndice_Burs%C3%...

View answer
Is insurance company’s preferred auto shop biased?
18 votes

1) The insurance company is normally obligated to return your car to the condition it was before the accident. It is between the insurance company and the repair company to decide which is cheapest. ...

View answer
Why do baby boomers have to sell 5% of their retirement accounts by the end of the year?
15 votes

In the USA, you must take a Required Minimum Distribution (RMD) from your (traditional IRA, 401k, 403b) retirement account starting at age 70.5. If all of your retirement investments are in stock, ...

View answer
Why would a seller at an auction set their reserve price hidden?
10 votes

I found this puzzling also at first. But after reviewing many past successful and unsuccessful ebay auctions, I came to this conclusion: Keeping the reserve price a secret is all about the psychology ...

View answer
Is the company asking me to commit fraud by asking me to apply for reimbursement of half of trip expenses paid entirely by my colleague?
10 votes

Is this fraud (i.e. a crime)? It depends. What is the source of the reimbursement? And is your colleague requesting a full reimbursement? If your colleague only requests 1/2 reimbursement, then that ...

View answer
How do consumer reward point systems work?
7 votes

Or is it just a marketing strategy to attract more customers? Attracting new customers is not the main goal. Keeping frequent customers and getting them to be more frequent (spend more) is the goal. ...

View answer
Received a package but didn't order it
5 votes

Have you opened the packages? If not, don't open them and "refuse delivery", it will be easier to resolve. I had a similar issue, except the items where charged to an account opened in my name. If ...

View answer
Umbrella insurance and maximum liability
3 votes

Besides Bob Baerker's good answer ... People, especially those who exaggerate injuries, typically go after the "easy" money. It is a lot easier to attempt to settle with the insurance company, than ...

View answer
Can an employer change a 401k plan to make it worse without notice?
2 votes

This is my understanding: By law, companies are required to vest a company match using a graded or cliff plan. If they use the cliff plan, they must vest no slower than 100% at 3 years (this is ...

View answer
Possibly better to pay RMD penalties than to take RMDs?
Accepted answer
2 votes

This might work if you die in your seventies. But, since the distribution period decreases every year (percentage increases), if you live into your late eighties, you will be accessed the penalty over ...

View answer
Are stock options worth as much as shares?
2 votes

First, read the rules carefully. If necessary, talk to your manager and co-workers until you understand what your options are. My option was slightly different than what you described, and I am sure ...

View answer
Planning overall cost of rental for the next 20 years
Accepted answer
1 votes

I said in my comment that you should use PV, after reading your question more carefully, you should use the opposite formula, NPER. The main trick is determining the effective interest rate, which I ...

View answer
Investment Clubs Net Worth
1 votes

Probably not initially, but it will depend on how desperate they are later. Consider the probable reason for the $1M requirement. They want low-hassle investors who will follow through. They don't ...

View answer
How many percent of "Western" adults have never been outside their country or "area"?
1 votes

According to this US survey, 11% have never traveled outside the state they were born in. This is fairly close to the poverty rate. https://nypost.com/2018/01/11/a-shocking-number-of-americans-never-...

View answer
What rules should be set for a "fantasy stock picking" contest?
1 votes

I would use virtual money with virtual accounts. Start with $100,000 each. Stocks only, use closing prices. Agree beforehand which stock exchanges can be used. Use Google sheets (collaboration) to ...

View answer
Can you purchase medical/dental insurance after you know you will use it?
0 votes

No, all dental insurance that I know of will have waiting periods for major work. Many will not have waiting periods for routine cleanings, but that won't help you. Aetna has a dental discount ...

View answer