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1500 questions
39
votes
6 answers
How can I adjust tax withholding so that I don't get a large Tax Refund?
I'm a few years out of college now. I've filled out my W4 accurately and I still get a tax refund every year of a pretty sizable sum. The thing is, I have student loans and I would much rather have been paying that extra money on a monthly basis…
Carlos Bribiescas
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39
votes
3 answers
My credit card company is asking for my current income citing "Federal Regulations"
So I received an e-mail today from a bank from whom I have an existing credit card as follows:
To consider you for a future credit line increase, federal regulations
require us to have your current income.
Keeping your account info up to date is…
JohnFx
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39
votes
7 answers
Why do banks want you to pay off interest before principal?
When you take out a traditional mortgage the first payment you make to a bank pays off mostly interest and then later payments start paying off principal.
What is the reason for this?
Is it just a historical accounting/industry convention? Or is…
bernie2436
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39
votes
1 answer
The Venezuela Stock Market Crashed 99.90% on March 15th, 2021. What happened and why?
https://tradingeconomics.com/venezuela/stock-market
Was looking at the graph above for the Venezuela Stock Market and the Caracas Stock Exchange Stock Market Index crashed 99.90% over the weekend of March 15th, 2021. It dropped from 2,700,000 to…
Wandering Fool
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39
votes
8 answers
Why do gas stations charge different amounts in the same local area?
I've noticed there can be a 5%-10% difference in the price of gas where I live. For example right now the cheapest premium price is $3.85 and the most expensive is $4.17. It's the same state and county, and the product being sold is considered a…
Vik David
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39
votes
10 answers
Why do governments borrow money instead of printing it?
This question is raised in the movie Money as Debt (at time index 29:00).
The answer that immediately pops to my head is "because printing money causes inflation".
However, according to this movie, money is created not only by printing it but rather…
ripper234
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39
votes
2 answers
How does paying off the mortgage work if I demolish a home and rebuild another home on the property?
I own a single family home in NYC, Queens. I have a mortgage on that property. My Zone permits 3 Family house. I would like to demolish the single family home and build a 3 unit property. How does it work? Will my mortgage company let me do it? Or I…
user1459497
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39
votes
4 answers
In Reddit vs. Wall Street, what are the ramifications of those who had money with the bankrupt firms?
Story: Gamestop: 'Failing' firm soars in value as amateurs buy stock
My question is about the impact of such a "stick it to the man" approach that amateur investors on Reddit used. I understand that they took advantage of detecting firms shorting…
Jent
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39
votes
6 answers
When selling stocks at a stop-loss price during a crash, who do I actually sell them to?
Consider a situation where a stock that was performing normally for a while crashes, say because news about a catastrophic development in the company become public. The share price drops from USD 85 to USD 30 during one hour, in what on the chart…
jstarek
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39
votes
2 answers
House lost in fire.. tax impact?
Like hundreds of others, I lost my house (primary residence) during the Oregon wildfires in September. I had purchased it just two years ago, so still have ~$210,000 on the mortgage.
My homeowners insurance is good and when it processes, I'll have…
Ask About Monica
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39
votes
6 answers
What to do with $1,000,000.00 for 3&1/2 months?
We have 1 million dollars from the sale of a farm, which we want to use to pay down land debt. But we can't make a payment until the anniversary date of July 5. Right now it is in an interest bearing checking account earning 1.7 %.
user95070
39
votes
4 answers
How do I lend money to a friend for a car and put the car as collateral?
A friend of mine wants to buy a car, but does not have the money for it.
Instead of him going to a bank and borrowing the money to buy the car, I was thinking of maybe taking some cash from my bank account (that is currently only earning 2% a year)…
Jonathan
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39
votes
5 answers
Does cashing a 3% share harm the company itself?
So I have a 3% share of a tech company and saw my $20,000 become $1.8 million. I'm not planning on cashing it now, but maybe in the future. I was wondering if selling it would harm the company that it would be bad to sell it for my personal needs.
I…
Andrew Youn
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39
votes
7 answers
Best way to get my money back from a friend having family problems
Back in 2018, in June, a friend working in the UK (let’s call him Dave), asked me to lend him money because he has “family problems” mentioning he will return them by August, 2018.
Things did not go as expected: he divorced his wife, and could not…
John
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39
votes
5 answers
Is this car delivery via Ebay Motors on Craigslist a scam?
I found a Craigslist posting selling what looks to be a wonderfully maintained vehicle for low miles and a very low price.
I contacted the seller and she responded with this. I've omitted personally identifying details.
First of all I want to thank…
DeepDeadpool
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