Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

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1500 questions
39
votes
6 answers

What to do with $1,000,000.00 for 3&1/2 months?

We have 1 million dollars from the sale of a farm, which we want to use to pay down land debt. But we can't make a payment until the anniversary date of July 5. Right now it is in an interest bearing checking account earning 1.7 %.
user95070
39
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4 answers

How do I lend money to a friend for a car and put the car as collateral?

A friend of mine wants to buy a car, but does not have the money for it. Instead of him going to a bank and borrowing the money to buy the car, I was thinking of maybe taking some cash from my bank account (that is currently only earning 2% a year)…
Jonathan
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5 answers

Does cashing a 3% share harm the company itself?

So I have a 3% share of a tech company and saw my $20,000 become $1.8 million. I'm not planning on cashing it now, but maybe in the future. I was wondering if selling it would harm the company that it would be bad to sell it for my personal needs. I…
Andrew Youn
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7 answers

Best way to get my money back from a friend having family problems

Back in 2018, in June, a friend working in the UK (let’s call him Dave), asked me to lend him money because he has “family problems” mentioning he will return them by August, 2018. Things did not go as expected: he divorced his wife, and could not…
John
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39
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5 answers

Is this car delivery via Ebay Motors on Craigslist a scam?

I found a Craigslist posting selling what looks to be a wonderfully maintained vehicle for low miles and a very low price. I contacted the seller and she responded with this. I've omitted personally identifying details. First of all I want to thank…
Raven
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39
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4 answers

Why is there a cap on 401k contributions?

In theory, the government wants everyone to save up as much as possible for retirement so that citizens don't end up starving when they're no longer able to work. But in practice there is a limit of how much you can contribute to your pension fund…
JonathanReez
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39
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6 answers

What does "Its cash flow is deeply negative" mean?

Does "Its cash flow is deeply negative" mean "Netflix makes a big loss"? Netflix is profitable, but only on an accounting basis. Its cash flow is deeply negative as it pours cash into content. Apple will need to be just as aggressive with content…
haile
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39
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9 answers

'For Sale by Owner' - who pays the Buyer's realtor?

If I list my home and hang a sign out 'for sale by owner', and a realtor brings a buyer in, who wants to buy it, who's going to pay the realtor? I did not hire him, so I don't want to pay for him. The buyer will assume that it is covered with his…
Aganju
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38
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9 answers

Is it legal to “mine” dividends?

Dividends are paid to share holders based on ownership of shares before the “ex-dividends” date. Example: Stock A has an ex-date of July 1st Stock B has an ex-date of July 15th Stock C has an ex-date of August 1st Is it legal to buys Stock A on…
Eliot G York
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38
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2 answers

What does "gold reserves" on a gold mining company's balance sheet mean?

From a Reuters article: On Wednesday, [Newmont Mining Corp] reported gold reserves of 68.5 million ounces for 2017, unchanged from 2016, as it replaced reserves through exploration, projects, revisions and acquisitions. 68,500,000 ounces divided…
Ms Jackson
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38
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13 answers

Is Amazon's offer of a $50 gift card a scam?

I was about to buy something on amazon.com, and the website showed this: It's from amazon.com, and everything looks okay. But a free $50 looks too good to be true. Should I get this card for the $50? Why and/or why not?
mou
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38
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13 answers

Is there a good rule of thumb for how much I should have set aside as emergency cash?

I'm buying my very first home, and should be receiving the $8,000 first-time home buyers tax credit. A majority of my savings are going to the down-payment of the house, but we still have a pretty solid reserve. How much money should I hold in an…
Jeffrey
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38
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2 answers

Car insurance (UK) excludes commute to and from work, will not pay on claim during non-commute

My girlfriend was recently involved in a crash where both parties are claiming it was not their fault. She took out a policy with an insurance company called GoSkippy whose brokers are Eldon Insurance. Unbeknown to her is when she took out the…
dagda1
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38
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8 answers

Infrequent car rental vs. lease/buy

I live in a large city and do not currently own a car. I use public transportation, ZipCar, Uber, and a bike to get everywhere I need within the city. For bigger trips outside the city, I have been renting a car on weekends here and there, but have…
Nuclear Hoagie
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38
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3 answers

In USA, can I set up a one-person corporation and pay myself mainly through dividends?

In the UK an IT-contractor can save in taxes by opening a company, paying themselves a minimum wage as a salary and then taking a larger amount of income as dividends. Is this possible (for a single-person corporation) in the United States? If yes,…
user24155
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