Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

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1500 questions
42
votes
7 answers

Is insurance company’s preferred auto shop biased?

I was rear-ended. There's a crack on the upper part of my bumper and the plastic part of the trunk locking mechanism is broken (though the trunk still closes). The insurance company was pretty insistent that I use one of their recommended auto…
charmingToad
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7 answers

Is it legal to use cash pulled from a credit card to pay the monthly payment on that credit card?

I've got a buddy who is having problems with credit card debt. He had a small business go sour on him and ended up with about 35K of debt that's he struggling to keep under control while looking for a new income source. In order to keep himself…
CMB
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3 answers

How does it work when somebody invests in my business?

Lately I've been curious about how exactly investing in a product works, and I've been thinking about this scenario: Let's say I'm creating some mobile application and I manage to get $1m of investment money. In the following year, the application…
Dino
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42
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6 answers

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

I live in Germany. If my father would want to give me a large sum of money - let's say 10,000€ - what would be the safest, least bureaucratic way to do this? I'm an apprentice and I still receive child allowance (I don't know how familiar people…
Flying Thunder
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41
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3 answers

How does this dating site scam work?

First of all, it's a scam. "Is this a scam" questions on here always are. I just don't understand how the moving pieces work. I was approached on a dating site by an attractive person. This person's profile was full of pictures and short videos,…
query337384
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41
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4 answers

How to profit off a stock price falling

How would one profit from a share price falling, granted that they correctly predicted it would happen? Say I had a hunch that a certain stock was going to fall next week, how could I effectively make a profit on this.
Welz
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41
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3 answers

Tax implications of BTC for rent

I'm considering doing a trial run with my tenants and let them pay some or all of their rent in BTC. My motivations: BTC isn't considered a currency so it's taxed as an asset under capital gains tax. I can afford to keep some, if not most, of the…
DotNetRussell
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41
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3 answers

Who receives the money when one company buys another?

I read this article about Bayer buying Monsanto. The question which came to my mind was: Who receives the money? If Monsanto receives the money, and Monsanto becomes part of Bayer, then doesn't Bayer still have the money? Or does another party…
JohnDizzle
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41
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5 answers

Is this money transfer a legal way to get money?

I talked to this guy who is always posting about earning money without having to do anything and asked him how he did that. He told me that his aunt was the leader in a temporary service job and what she would do was to sign a check in my name as if…
Irela Borges
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41
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12 answers

Is there a reason why someone shouldn't buy into a temporarily cheap currency of an otherwise solid economy?

As everyone knows, the ruble is falling compared to the euro and it has been falling for a long time already. The way I see it, the ruble will eventually get back up once the political situation around it is resolved. Is it naive to think I can just…
Jeroen Vannevel
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41
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2 answers

If he wanted control of the company, why didn't Elon Musk buy 51% of Twitter shares instead of 100%?

This might be a simple question but the answer escapes me. Elon Musk wanted full control of Twitter, so he bought every outstanding share and made the company private. Couldn't he have achieved the same result by buying only 50%+1 while leaving the…
Martín Fixman
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41
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10 answers

Why do NFTs have value?

I've seen dozens of articles on NFTs, and not comprehended a single one. So when someone made an NFT of the first Twitter posting, I didn't understand how that would be a means to generate any sort of financial return. Even if the copyright on the…
Mike Serfas
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41
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1 answer

Canadian citizen, TN worker, commute daily from Canada: am I a US person for tax purposes?

I only have citizenship of Canada. I work for a US company on TN Status. I commute daily from home in Canada to office in US and back. I do not reside in the US. I get a W2 and file taxes with the IRS every year. I have property and equity only in…
Keerikkattu Chellappan
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41
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5 answers

Every month I make money from Patreon. I want to split my income with a partner. How do I avoid paying taxes on 100% of the income?

Let me start off by saying I have no idea what I'm doing here. The context is, I am making a game, and every month I make $400 or so from Patreon (people are my patrons, and they are paying me because they want to see the game be created). This…
Clueless Investor
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41
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7 answers

Why do stock exchanges have minimum share price requirements?

Most stock exchanges have rules about minimum share prices, below which a stock may be suspended or delisted from the exchange after a grace period. For example, the New York Stock Exchange requires a minimum share price of $4 at the time of…
Flux
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