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

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1500 questions
22
votes
12 answers

What should I be aware of as a young investor?

I'm 19 years old and am keen on investing in blue-chip companies. What should I take note of?
user2722
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22
votes
2 answers

Using fiancée's money to pay off my student debt

I have a student loan in my name and I just got engaged (Yay!) about 2 months ago. My fiancée has been saving up and is really interested in helping us get out of debt before the wedding. I think we can do it but I would most certainly need her…
Phil
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22
votes
3 answers

Why is EMV chip+signature gaining popularity over chip+PIN in the United States?

With the U.S. finally making the transition to EMV technology, I am surprised that the major banks are going with Chip+Signature technology over Chip+PIN. I think it is far more convenient for the consumer to use Chip+PIN rather than signature. …
Jesse
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22
votes
4 answers

Why would I not buy a bond for less than face value?

The way I understand it is that if you own a bond at maturity you will get the face value of the bond at that time. So if you can purchase a bond at $80 which has a face value of $100 why would I not sell everything I own and put all that money…
Aequitas
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22
votes
9 answers

If one owns 75% of company shares, does that mean that he would have to take upon himself 75% of the company's expenses?

There are two founders in a new company that does not have any profit yet and is financed out of their own pockets. One founder owns of 75% shares, and the other one - 25%. There is a need to spend a large sum of money on a risky deal that may help…
Vlad
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22
votes
5 answers

What retirement accounts are available without age based withdrawal penalties?

If you retire early and have money invested in a Roth IRA or a traditional 401k, that money can't be touched without penalty until you're 55/59. (Let's ignore Roth contributions that can technically be withdrawn). Are there any other investment…
ovaltein
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22
votes
9 answers

First time home buyer. How to negotiate price?

I am a first time home buyer and am getting ready to make an offer on a house. The house is listed at $88,500 and has been on the market for 3-6 months. When I asked my realtor for his advice on what my initial offer should be he said: If you want…
MickB
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22
votes
2 answers

Is it legal for a landlord to report a large payment to a tenant using Form 1099?

I recently signed a Mutual Termination of Lease agreement with a landlord who purchased the complex I was living in (CA,USA). Part of the termination of lease agreement specified a large payment for relocation assistance. The agreement has been…
octagonC
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22
votes
10 answers

Student loan payments and opportunity costs

I'm about to graduate college and enter a very well-paid job in an inexpensive area. I am confident that I could repay my student loans much sooner than ten years, but I am wondering whether this is the right approach because there are a number of…
ILikeFood
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22
votes
2 answers

Mutual fund value went down, shares went up, no action taken by me

I have no prior experience with stocks so please forgive me if this is a dumb question but I don't even know what to try googling. Two days ago I signed up with scottrade. I put $1000 into ICENX mutual fund. It got me ~56 shares. Today I log in and…
sirdank
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22
votes
7 answers

Is a Home Warranty worth the money?

I'm a first-time homebuyer, and one of the stipulations of the down payment assistance program I have is that I have to buy a home warranty (which covers appliances, plumbing, roof, etc in case of failure due to normal wear and tear or accidental…
Matthew Jones
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22
votes
5 answers

When is it better to rent and when is better buy in a certain property market?

I've been told the average rent for a house should be the house price, minus 3 zero's and that should be how much it should be a week, which I think works out to be about 5% of the house price per year. Is that an accurate way to measure whether it…
Joe.E
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22
votes
3 answers

Are precious metals/collectibles a viable emergency fund?

My friend received a gift from a family member in the form of silverware. The exact value is unknown but it is enough to cover 6+ months worth of expenses. I estimate it is a significant portion of their net worth. They don't have any sentimental…
stonk-overflow
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22
votes
5 answers

How long should I keep my bills?

Until now I've kept all my bills, but it's too much paper. Gas, Water, Electricity, telephone, etc. Why is it a good idea to keep them? For how long should I keep them?
d-_-b
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22
votes
1 answer

What is fuel surcharge in India?

In Bangalore (INDIA), when you purchase fuel with cash, you never have to pay for a 'fuel surcharge'. When you pay for it using your credit or debit card, a fuel surcharge is added on later? What and why do they do this?
letterhead
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