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1500 questions
31
votes
5 answers
Short term parking of a large inheritance?
What are the options available for safe, short-term parking of funds?
Today I received an inheritance check for $250,000 (I am in the U.S) and I don't know what to do with it – at least in the short term. I have no debt at all and aside from a few…
spring
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31
votes
9 answers
Is asking to pay off principal first a placebo?
Some people say that in order to pay off a loan sooner, you should ask the lender to "apply your payment towards the principal", so that they won't "apply your payment towards the interest".
From my understanding, most lenders don't separately track…
Stack Exchange Broke The Law
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31
votes
13 answers
Do I pay a zero % loan before another to clear both loans faster?
I have $11,000 to put toward one of my three loans. I think I should pay off the 0% car loan and then in two months it will be zero and I can apply that $635 to the 2.5 % car loan and pay it down faster. Does that make the best money sense?
Balance…
AllenH
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31
votes
15 answers
Why invest for the long-term rather than buy and sell for quick, big gains?
Somewhat along the lines of this question. I've been putting mostly unmatched money into my 401(k) for a few years. I know that investing is generally seen as a long-term decision, but with volatile stocks, it seems to me that you could make a large…
Pedro
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31
votes
1 answer
What are the differences between a "traditional" IRA and a Roth IRA?
I hear that a traditional IRA offers a tax deduction whereas a Roth IRA doesn't, but there's got to be more to it than that: What makes a Roth IRA any good, if it doesn't provide a tax deduction? Wouldn't I be better off just investing my money…
bms1
31
votes
11 answers
Will a credit card issuer cancel an account if it never incurs interest?
I have a few credit cards that are currently carrying some larger "promotional" balances. These are purchases that I decided to put on a 6, 12, or 18 month 0% APR financing offer vs. taking any points or cash back offers. (Best Buy being my most…
Devin
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31
votes
4 answers
Why are American Express cards are not as popular as Visa or MasterCard?
For me, AMEX is a preferred choice because I can earn more treat points.
But I found that (at least in Malaysia), a lot of merchants are rejecting AMEX card in favor of Visa or MasterCard. Why?
Graviton
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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
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31
votes
6 answers
How does this scam work where a potential employer emails me the scan of a check to deposit?
Two weeks ago, my husband lost his job. We NEED money and I used to edit and proofread before my son was born. I put my resume on Indeed and was contacted by a law office in California.
After my interview, the hiring manager (or whatever you call…
Beth Price Almeida
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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
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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
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31
votes
8 answers
I closed my CU checking/savings accounts. Weeks later the bank auto-paid my rent. Now they want me to pay them back
I requested the closure, and I was mailed my balance and told that my account was now closed, all dome in writing through the messaging system. Weeks later they paid my rent. Now they want me to repay them, even though I completely closed the…
jesse banwell
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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
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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
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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
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