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

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1500 questions
22
votes
4 answers

Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?

A couple of days ago, I went to a Chrysler dealer here in Florida to look for a new car. Being that my credit score is currently somewhat low (about 680), me and my wife thought that we could have her as a co-applicant, as her score is over 800.…
neo
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22
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3 answers

What does a stock's quoted value represent?

According to Yahoo Finance, a single stock in Alphabet Inc. is worth 898.7 USD as of this writing. Question: What does the price of $898.7 reflect? I can imagine the price is one of the following options: Highest bidding price Lowest asking…
Vingtoft
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22
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10 answers

Should I sell a 2nd home, or rent it out?

I have recently purchased a home which will presumably be my long-term residence. I have not yet sold my original home, and I am trying to decide whether I should rent it out, or sell it. The 1st home has a mortgage remaining of $175,000, with a 5/5…
Derek
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22
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13 answers

Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan?

Maybe I'm incorrect in my thinking, but I have a question about prepaying a loan. When you take out a mortgage on a home or a car loan, it is my understanding that for the first years of payment you are paying mostly interest. So, let's take a…
user56397
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22
votes
4 answers

Is it worth saving HSA funds until retirement?

I recently discovered that there is no lifetime limit to contributing to an HSA account - provided that you don't contribute more than the limit per year. Assuming that an individual makes a decent salary that covering their max-out-of-pocket for…
Michael
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22
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3 answers

Is it a bad idea to buy a motorcycle with a lien on it?

I was curious why is it considered a "bad idea" to purchase a motorcycle/vehicle with a lien on it? It started when I came across an ad on Craigslist where I'm interested in buying a used vehicle. However, the seller mentioned that there is a lien…
robjob27
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22
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10 answers

What's the best way to make money from a market correction?

Every now and then the market undergoes a correction. I have saved up some money (around $80,000) and I'm currently investigating strategies for using market corrections as an investment opportunity. Question: What's the best strategy for investing…
Vingtoft
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22
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9 answers

What is the difference between "good debt" vs. "bad debt"?

This other question about home renovations makes reference to the concept of "good debt." Could somebody explain the concepts of good debt vs. bad debt, providing examples of each? Are there cases when borrowing for a specific kind of purchase…
user178
22
votes
2 answers

Exchange gain on credit card refund

My credit card account is maintained in AED (United Arab Emirates Dirham). I have made a payment of 2,760 GBP to a hotel in London, which is equivalent to 13,037 AED. I later had to cancel the booking and was surprised to see a refund of 13,130 AED…
S.H.A
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22
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2 answers

What is the purpose of "Regulation D"

When transferring funds between my savings account and my checking account, there is always a little help text about "Regulation D". Essentially it says that due to federal limits if I exceed 6 transfers in a billing period, that the transfer would…
coteyr
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22
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7 answers

Are Certificates of Deposit worth it compared to investing in the stock market?

Looking at roughly 0.05% for a CD to 5% for a stock portfolio. That's a huge difference in return. For example, with $10K, that's a 4.95 percentage point difference! In general, does a diverse portfolio not include CDs? It may appear that there are…
adamaero
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22
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9 answers

Why do shareholders participate in shorting stocks?

When an investor wants to short a stock, they need to borrow shares from someone else. Why would a shareholder lend the investor the shares? When the investor gives them back, the stock would be down. So the shareholder lost money, when he/she could…
user116447
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22
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3 answers

Is Network Marketing a good place to invest money compared to SIP?

A friend of mine join a network marketing organization by investing 10,000 because his girlfriend is in it. He introduced his handler/manager and he gave a speech about how easy it is to earn by only investing 10,000 and his main selling point was…
j4rey
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22
votes
11 answers

How much should a new graduate with new job put towards a car?

What is a responsible amount to put towards a car if my new job will pay $95k and I have almost $7k in the bank? I also have approximately $30k in student loans I have to pay.
Danyul
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22
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3 answers

Laid off at age 54 1/2, am I eligible to withdraw my 401k money without penalty?

I will be turing 55 this year in November. I got laid off 2 weeks ago (April 4, 2016). I worked in New York City and live in NJ. Can I withdraw my 401k without penalty?
Doublespeed
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