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

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1500 questions
31
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4 answers

What are the benefits and disadvantages of investing $60-70K in the following methods?

I have $60-70K that I'm planning on investing in stocks/ETFs/funds. What are some of the advantages and disadvantages of investing this amount of money with a human financial advisor vs an automated "robo" advisor vs broad market ETFs vs…
Ren
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Is my stock gone forever from a reverse split / bought by another company?

I'm a complete novice in regards to investing and had purchased some shares of OXIS from TD Ameritrade back in March of 2015 (NASDAQ). The company (OXIS International) became very devalued and did a "mandatory reverse split" and changed symbol to…
Joe
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31
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4 answers

'Gifting' a house in the UK

In UK news recently, there has been much talk about so called 'dementia tax', that is, the government using assets (such as property) to pay for social care in old age. Whether or not people should have to pay for this care (given that they've…
Andy
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31
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4 answers

Does a larger down payment make an offer stronger?

I'm a first time home buyer, buying in the Jersey City area. My realtor insists that, given two similar offers, the one with a higher down payment is viewed as a stronger offer. My realtor even said that some buyers would accept a lower offer if…
bcf
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31
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6 answers

Auto premium increasing with aging vehicle and no new tickets

I have just received a new auto insurance bill for the next six months for my comprehensive insurance. It is about 8% higher than the previous six months whereas I have had no new moving infractions and the vehicle is the same as before, meaning…
amphibient
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31
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3 answers

What are the advantages of doing accounting on your personal finances?

What are the advantages of keeping track of your personal finances? Is it only worthwhile if I earn "enough"? Why should I bother?
Psirus
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31
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6 answers

Is it ever logical to not deposit to a matched 401(k) account?

In a recent question Should I dump my savings into my student debt?, there was push back from a member regarding the strong advice to save to the match. Is there ever a time to not deposit to the match, and pay other debt off faster? (To those not…
JTP - Apologise to Monica
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31
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5 answers

Short term parking of a large inheritance?

What are the options available for safe, short-term parking of funds? Today I received an inheritance check for $250,000 (I am in the U.S) and I don't know what to do with it – at least in the short term. I have no debt at all and aside from a few…
spring
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31
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9 answers

Is asking to pay off principal first a placebo?

Some people say that in order to pay off a loan sooner, you should ask the lender to "apply your payment towards the principal", so that they won't "apply your payment towards the interest". From my understanding, most lenders don't separately track…
user253751
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31
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13 answers

Do I pay a zero % loan before another to clear both loans faster?

I have $11,000 to put toward one of my three loans. I think I should pay off the 0% car loan and then in two months it will be zero and I can apply that $635 to the 2.5 % car loan and pay it down faster. Does that make the best money sense? Balance…
AllenH
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31
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15 answers

Why invest for the long-term rather than buy and sell for quick, big gains?

Somewhat along the lines of this question. I've been putting mostly unmatched money into my 401(k) for a few years. I know that investing is generally seen as a long-term decision, but with volatile stocks, it seems to me that you could make a large…
Pedro
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31
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1 answer

What are the differences between a "traditional" IRA and a Roth IRA?

I hear that a traditional IRA offers a tax deduction whereas a Roth IRA doesn't, but there's got to be more to it than that: What makes a Roth IRA any good, if it doesn't provide a tax deduction? Wouldn't I be better off just investing my money…
bms1
31
votes
3 answers

Why does Chase Freedom require me to "activate" my card for rewards every quarter?

Note: The "activation" I am talking about here is not the same as the "activation" in this question. I just got a Chase Freedom credit card, mostly for the 5% cash back rewards. I had seen that every piece of promotional literature referred to…
Steve V.
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31
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11 answers

Will a credit card issuer cancel an account if it never incurs interest?

I have a few credit cards that are currently carrying some larger "promotional" balances. These are purchases that I decided to put on a 6, 12, or 18 month 0% APR financing offer vs. taking any points or cash back offers. (Best Buy being my most…
Devin
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31
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6 answers

Sales tax "trick" while buying a used car; i.e. declaring sale at lower than actual transaction value?

I am selling my car and have found a potential buyer. After I transfer the vehicle ownership, the buyer will have to transfer the vehicle title to himself, and will also need to pay sales tax on the sale price. As the buyer is paying me in cash, he…
punekr12
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