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

Most Popular

more tags
1500 questions
31
votes
3 answers

Is the "Bank on Yourself" a legitimate investment strategy, or a scam?

There seem to be a lot of advertisements by "Bank on Yourself", promising to show how you can invest in a certain type of life insurance policy. Is this really a legitimate investment strategy, or just another scam trying to sell information that…
Jeffrey
  • 1,636
  • 2
  • 15
  • 20
31
votes
1 answer

What happens if a bank loses your safe deposit box?

My bank cannot find my safe deposit box! Luckily I still have the original contract and the keys. They are currently researching what happened, but it doesn't look good. I don't know when the box disappeared but I have a bank account with the…
Michael Pryor
  • 8,693
  • 4
  • 32
  • 64
31
votes
2 answers

What to do with sudden wealth?

I am about to receive a considerable(for me, anyway) amount of money- about $100k- and really have no idea what to do with it to make it grow even larger. Of course I want to pay off credit card debt($6k), and student loans($40k). I would also like…
user1255049
  • 419
  • 4
  • 4
31
votes
3 answers

How can I deal with a legitimate check received that is made out to my deceased wife's name?

My wife passed away on the 17th of November 2022. I just sold her car to Carvana. When I got home I noticed the check was made out to my wife ($4,000). We did not have a joint bank account. I do my banking with Chime. How do I handle this?
Tony Piotrowski
  • 311
  • 3
  • 3
31
votes
4 answers

We don't own the land so is our house nearly worthless?

We live in Japan in an urban environment- lots of big apartment building around. The house is post-war house that extended and has an antiquated arrangement whereby a rich person owns the land and we have an informal agreement so we don't pay…
user2617804
  • 451
  • 1
  • 4
  • 5
31
votes
4 answers

Free money loophole with rebate on CC cashback?

I went to a store and purchased a plastic bag (3 cents) and they allowed me to get $50 cashback and charged me $50.03 on my credit card. Later my credit card company gave me 5% cashback ($2.50) for this purchase. After paying off the credit card…
Zuriel
  • 1,569
  • 2
  • 13
  • 19
31
votes
2 answers

Why is my bank unable to track a direct transfer I made to another (fraudulent) account?

I was the victim of a scam. The scammer posed as a person I wanted to do business with, and I was tricked into sending money from my bank account to another bank account using an account number and routing number. My question is: In the United…
Bowtie
  • 411
  • 4
  • 3
31
votes
14 answers

Why aren't non-dividend stocks ponzi assets?

I'm trying to see why a non-dividend stock isn't subject to the Greater Fool Theory There's no intrinsic connection between the stock price and actual company profits without dividends. So my question is... suppose a stock price were to continuously…
Ameet Sharma
  • 515
  • 5
  • 7
31
votes
7 answers

How can I gift $41,000 to my friend anonymously? (Australia)

We both live in Australia. I don't want him to know it's from me. But I’m not hiding from the government. I’d prefer the money to go into his bank account so he can see it's real money. I have his home address, BSB/account number, phone number &…
Ally
  • 311
  • 1
  • 3
  • 5
31
votes
6 answers

Is there a threshold (in effort, or capital) beyond which it makes sense to be an active investor?

According to Benjamin Graham's The Intelligent Investor one could define an aggressive investor in accordance with the following line (not a verbatim extract from the book): The difference between a defensive and an aggressive investor is not in…
embedded_dev
  • 1,171
  • 9
  • 12
31
votes
6 answers

Is it a scam when a contract employer asks me to forward money to other workers through my bank?

I have applied for a job as a translator in a UK based company via Indeed, working from home. Everything about it looked legit - regular contact information, addresses, interview (even though conducted by phone), normal job hours, employment…
NewG
  • 323
  • 1
  • 3
  • 6
31
votes
8 answers

My landlord claims I didn't pay rent even though I can prove I did - What can I do?

I got a letter from my landlord saying I missed 3 month rent. The letter said if I do not pay those 3 month rent in cash, she will take me to the court and evict me. I paid rent every month and never missed so I am very confused. I paid with…
Risa Busing
  • 311
  • 1
  • 3
  • 3
31
votes
12 answers

Investor Paradox. How can you calculate how much is a company worth when buying part of it changes the total value?

I have a (probably very simple) question to which I haven't been able to wrap my head around. Say I have a company, and I am told that it is worth 1 USD (100% of the company). My friend, who has 1 USD, asks me if we can join forces. He puts in 1…
Daniel Duque
  • 427
  • 1
  • 4
  • 4
31
votes
5 answers

Paid off $5,000 credit card 7 weeks ago but the money never came out of my checking account

I paid off my credit card that had a balance of over $5,000. I sent a one time payment for the total amount, about $5,100 to be exact and my credit card company received the payment and reflected it on my balance to show $0. I called them and they…
Vaden C
  • 327
  • 1
  • 3
  • 3
31
votes
9 answers

Why are cryptocurrencies not considered proper investments?

I plan to invest a portion of my savings in cryptocurrencies that I understand on a technical level (e.g. Bitcoin and Ethereum). However, otherwise prudent financial advice articles on the internet invariably claim that my decision is unwise.…
user102086
  • 1,242
  • 9
  • 19
1 2 3
…
99 100