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

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1500 questions
35
votes
8 answers

Realistically, how much do you need to start investing?

I don't have a lump sum but may be able to set aside £2k-3k per month. I am already paying into a pension fund but that seems unlikely to go far. Yet I think it's a good safeguard. Can I start investing with £2000 or should I get a bigger pot…
algiogia
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4 answers

Why is the car dealer insisting on a loan instead of cash?

I saw a question that said "He (dealer) knocked down the price quite a bit" but my experience is different. The dealership says that they have a US$1500 incentive if I take a loan from their financing company. That looks like a great offer on a $30k…
Raj
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35
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7 answers

If I have an accident, should I file a claim with my car insurance company?

If I am in an accident that causes no personal injury, but causes damage to both cars that requires new panels (and has a quotation of $3,000 to fix mine)... how do I decide whether to claim against my insurance? I've had some people say that I…
Peter K.
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35
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8 answers

High income, sudden windfall

I currently earn quite a good salary (around $250,000 Australian dollars per year). Due to a recent investment coming good I am expecting to be receiving a windfall of around $1.2 million Australian dollars (after tax). My wife and I are both under…
Throwaway
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7 answers

How hard is it to sell a home which is currently mortgaged?

I'm looking to buy a house for the first time. I've done some homework, and from what I can tell... Buying a house via mortgage in Kentucky is somewhat cheaper than renting an apartment. I need to bring my credit score to at least 630 before…
Jerry Dodge
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3 answers

Should I pay myself back for paying family's rent out of our pool of money?

A few months ago, I paid the $1,500 rent on the house where my family and I lived. My siblings and I are in college and we work part time jobs to get by. My father could not afford to pay the rent because he lost most of his money in bad…
user77796
34
votes
11 answers

I hate the high taxes in NYC. Should I incorporate in or move to another state?

I'm in NYC currently and make a good living doing remote web development work and I get a 1099 at end of year. My taxes take about 35% of my paycheck. I was thinking about incorporating in another state or moving to reduce this amount. I've read…
Patoshi パトシ
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2 answers

How is the taxable value of a goat determined?

I was reading an answer over on Law.SE, and it made me wonder about how the IRS calculates tax on barter transactions. Lets say that I do a job in January, and get paid for my work with 20 goats and when I received the payment, goats were worth…
JPhi1618
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3 answers

What is it called when you sell and reinvest to pay lower taxes?

Every year or so, I sell my investments and then immediately buy them again. I do this because I'm in a low enough tax bracket that I don't have to pay capital gains on my long term investments, so I'm trying to capture as many gains as I can before…
BlackThorn
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34
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6 answers

Electric car lease or buy?

I know the conventional wisdom for leasing vs. buying, but are the economics of an electric car significantly different than other vehicles?
NL - Apologize to Monica
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34
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6 answers

The mortgage company is trying to force us to make repairs after an insurance claim

We had some hail damage to our roof and deck after a bad storm and made a claim with our insurance company. The damage was in the 5 figure range, but the estimate for the deck was only a couple of thousands dollars. Our mortgage company made the…
Anthony Q. Sartin
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34
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5 answers

Why not just invest in the market?

I've seen it said a number of places that investors can never beat the market. Why use investors, then? Why not just put your money in a market index fund?
yters
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3 answers

Can I profit from anticipating a drop in value?

Suppose there is an investment, such as a stock, which I currently own no units of. I predict this investment will soon drop in value. I have no reason to predict that the investment will bounce back shortly after it drops in value. If I owned some…
Mar
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6 answers

What risks are there acting as a broker between PayPal and electronic bank transfers?

I have a company offering a position as a transaction representative, they're located in Poland and say they can't take direct payments or use Paypal due to "money amount limits" on Paypal there. Therefore items the company has auctioned/sold (kind…
Patricia Link
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4 answers

Why do a lot of people recommend Vanguard so often?

What is it with Vanguard? I've heard the name come up a bunch, but I don't know why this particular company is getting all the good free press...
Michael Pryor
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