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

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1500 questions
26
votes
16 answers

How to best invest 90,000 EUR with zero knowledge in investing?

I have 90,000 EUR and difficulty figuring out what to do with it. This money is in a savings account with an interest rate of only 0.05%. Here in Netherlands, I pay around 600 EUR each year on this money via taxation. So, I am losing quite a lot of…
user1880405
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3 answers

Can I buy Social Security credits?

I have 39 credits and no longer work in the US. (Gave up resident card after 10 years in the US). Retired in Norway. Is there any way I could buy the last credit point I need?
Stein Amundsen
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26
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6 answers

Does borrowing from my 401(k) make sense in my specific circumstance?

I know the standard answer and understand that I will be losing out on that compound interest, but I am young and only need to borrow a few thousand. here are some more details: Need to borrow $6500 to pay off a car and two student loans…
J. Tate
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26
votes
6 answers

What should I do with a duplicate item sent in error?

I bought an item online. The sender gave me the wrong tracking number, so I thought the parcel is missing (ending up in some other address). She also checked, hence she sent me another package. But it turns out that the parcel showed up. So that…
Boris
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26
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2 answers

Is it acceptable to not have term life insurance in my case?

Age: 42 Married No kids I'm currently the only source of household income. My wife doesn't work outside the home. However, that decision was by choice since my income easily supports the both of us. If I were to die tomorrow, we have enough short…
Kris Johnston
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26
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7 answers

Emotionally driven to buy a house. Does it make financial sense?

I am a US citizen living in Europe, so this question might be complicated by tax laws, but let's just ignore them for now. Basically, I am really emotionally driven to buy a house but am realizing that my decision has nothing to do with what makes…
lambda
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26
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5 answers

Will a credit card company close my account if I stop using it?

I'm going to stop using my Visa and apply for an AMEX. I want the Visa account to remain open to keep my revolving credit usage % low. While I understand opening a new card will temporarily reduce my score, it will pay off in the long run. If I…
Fueled By Coffee
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26
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10 answers

Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud?

My girlfriend is in the process of buying a home. We're not married, common-law or otherwise. I was planning to help her pay for the closing costs and down payment, with my contribution being about $3-5k, because we will be living there together and…
Ben.12
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26
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7 answers

Can Homeowners insurance be cancelled for non-removal of tree debris?

The situation: Storm came through and knocked down two trees in my mother's yard. One (tree A) fell onto her fence, one (tree B) fell harmlessly onto her lawn. Insurance paid for: fence repair removal of tree A Insurance did not pay…
Chowzen
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26
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3 answers

Credit card debt after cosigner passed away

My father is a cosigner on my brothers credit cards. He passed away last month. My brother is not paying off the debt. Can we remove my fathers name? Is my dads estate responsible? My brother owes more than the estate is worth. My mom will be…
Nursefun1952
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26
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11 answers

Is 401k as good as it sounds given the way it is taxed?

I contribute full 18 to my 401k thinking I am letting my money grow untaxed for such a long time. However, looking at how 401k is taxed when I pull the money out, it does not sound like a great deal because it is taxed like regular income. As oppose…
Lost
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26
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1 answer

If Bernie Madoff had invested in Berkshire Hathaway, would the ponzi actually have succeeded?

Bernie Madoff operated the largest known Ponzi scam in history, defrauding people of an estimated $20B for almost 3 decades. From Wikipedia: Rather than offer high returns to all comers, Madoff offered modest but steady returns to an exclusive…
bkoodaa
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26
votes
7 answers

Why do people use mortgages, when they could just pay for the house in full?

I would like your recommendation on whether you should buy a house with a mortgage, which you would pay as you go, or should you buy it in full.
Alex
26
votes
7 answers

What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out?

What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? I guess I am confused: If you know the yield and when the dividend will be paid out, why not buy a share an instant before the dividend is…
Matt
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26
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5 answers

How can I set up a recurring payment to an individual (avoiding fees)?

What methods are there for me to transfer X dollars per month, directly to another individual's bank account? I'd rather avoid sending a check every month and the attendant hassle when a check goes missing, so best is something involving direct…
Bryce
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