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

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1500 questions
40
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6 answers

Maker taker fees - can somebody explain in plain english?

I'm interested in learning about how trading works, but this is all very new to me so bear with me. (I'm just poking around at this point, obviously nowhere near ready to actually be trading) Some exchanges have fees that are structured like this:…
user41221
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1 answer

Where can I put savings for my kid that I literally cannot withdraw from?

I currently have a second savings account where I'm saving money for my child's future - most likely it will be used for their college and/or wedding. I've heard horror stories of parents stealing their children's savings to feed an addiction. I…
Mar
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5 answers

What exactly can a financial advisor do for me, and is it worth the money?

I've been managing my own expenses pretty meticulously for the past 4-5 years since being out of college and on my own. Because of this, I feel I have more of a clue about finances than the average 28-year-old. I use Mint to manage pretty much all…
NoCatharsis
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10 answers

How to rescue my money from negative interest?

My bank has announced negative interest rates starting Q1 2016. I have CHF 250'000 in that savings account (Swiss Francs). Now, pretty much all other banks will probably follow suit soon, if they haven't already. Also, government bonds yield…
Quandary
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4 answers

Justification for aggressive investment strategy when young?

I've frequently heard that the conventional wisdom is to be invested in an 'aggressive' investment strategy when young, and as you approach retirement age, migrate to a more conservative strategy. Given that I've heard it so often, I figure... it…
Rob P.
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14 answers

What are the reasons to get more than one credit card?

I currently have one credit card, and I was thinking of applying for another one since my current card is Amex, and not many stores support that, so I'm thinking of getting a Visa or Mastercard one. Aside from the said reason, what other benefits or…
Zaenille
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5 answers

How common is counterfeit money in circulation?

I've noticed recently that several places where I paid with a $20 bill, the cashiers used a small marker to detect whether the bill was counterfeit or not before accepting it. Like so: I saw this happen at the post office (multiple times) the…
Jeff Atwood
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9 answers

What are the downsides that prevent more people from working in high-income countries, and then retiring in low-income (and cost of living) ones?

Having experienced living in several different countries, the reality of different salary ranges and different costs of living has struck me. You can work at a high salary country and make huge amounts of money compared to what you would make in a…
Zaenille
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4 answers

Will my children owe taxes on my life insurance proceeds?

I had always thought that life insurance proceeds were not treated as taxable income. From IRS publication 525: Life insurance proceeds paid to you because of the death of the insured person are not taxable unless the policy was turned over to you…
Portman
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4 answers

I am considering leasing a new car for my ex-wife. What can go wrong?

My ex-wife is a financial wreck and is about to lose her car (lease is over) in an area of the country where you can't get around without one. She can't get a new one because her credit is really bad (bankruptcy, 2 evictions, home foreclosure,…
NeedAdvice
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40
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7 answers

Friends come with hat in hand, but I don't think it will help

I have two friends, a married couple with a ~1yr child. Shortly before they had the child, they moved in with his grandparents. The grandparents are apparently unwilling or unable to care to the child, so the father quit his job and became a…
Brian S
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4 answers

Possible scam for security deposit - bank operation

I am looking for apartments to rent in Switzerland and I came across a bank operation that is rather new to me. In order to put down the security deposit, I would have to do the following: Fill in a form with my personal data alongside my…
embedded_dev
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14 answers

Are programmers in the USA still able to automate fetching their bank transactions, like was possible in the 1980s and 1990s?

I have a pretty simple question for primarily programmers in the USA, but it also goes for those elsewhere. I'm in Sweden. A couple of years ago, just when I had finally set up an automated system to fetch my bank transaction records automatically,…
Delwin C.
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13 answers

Is there a price point beyond which it no longer makes sense to buy an apartment or house?

I am in a very frustrating situation right now. I have accumulated a decent amount of value in cash and stocks. My wife and I however are still living in a rented small flat in our town in Austria where we are paying quite a high rent (600 EUR per…
Orsinus
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6 answers

How do car leases work?

I have seen many questions asking about leasing vs buying. I have always bought used cars with cash and have never looked into leasing a vehicle. I have no idea how they work. Can someone explain how it works and why most users on this site seem to…
Mr. Spock
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