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

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1500 questions
31
votes
5 answers

What can I actually do with a high credit score?

I recently checked my credit score via two of my credit card providers. It seems to be hovering between 790 and 815. One service brands the score it provides as a FICO score and the other specifically says its score comes from Transunion. What can…
Freiheit
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8 answers

Why would anyone ever invest in a cash-only etf?

I understand the benefits (and risks) of ETFs, and I also understand the benefits of a term deposit in a bank. I have seen that there are ETFs that essentially keep the investment in cash, that is, in term deposits, for example the iShares core…
Juan Antonio Gomez Moriano
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31
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4 answers

Transfer over $10k

I recently realized that most of my money is going into my checking account where it's just sitting there losing value due to inflation, etc. I want to open a savings account at a different bank (which has high APY) and move most of my money there…
Peprikus
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31
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7 answers

Do I need life insurance if I can cover my own funeral costs?

I'm fairly well off and could cover the cost of a funeral out of personal savings and investments. I'm also single, in my late 20s, and live alone. Unfortunately, my family (parents and siblings) aren't as well off as myself. They will receive all…
Steve
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31
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6 answers

What to do when a job offer is made but with a salary less than what was asked for?

I got a job offer this morning from a place I interviewed at yesterday for a front end developer position in nyc. I told them my salary expectation is 75k in the email to which they responded to set up the interview. I don't like haggling, so for me…
JakeRow123
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31
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4 answers

How exactly are exchange rates determined?

I was reading about how the exchange rates are fixed. I understand that demand and supply decide the exchange rate but how exactly is it done and by whom? For example, consider US and…
vikrant
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31
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9 answers

Is it a good idea, to buy a flat with a loan, whilst using the rent to pay it off?

I have been thinking about taking a loan to buy a flat which I would rent out. My reasoning is that the loan would be paid off over time by the renters. After perhaps 30 years, I'd be left with a free flat. Obviously this sounds too good to…
RotV
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31
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11 answers

Is it a good time to replace my used car?

We have a 2005 Chevy Impala with 105,000 miles that we purchased in 2011. We have made many repairs such as replacing the transmission, repairing the radiator, heating and AC system, thermostat, belt, rotors and brake pads, alternator, gaskets, and…
dlp
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30
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6 answers

Bank rotation to exploit promotional deposit rates for new funds

Banks in my country often offer deposits with promotional rates for new funds - calculated as funds exceeding amount accumulated on selected date. Now there are several banks practicing such promotions - so the idea is to open saving accounts in few…
AGrzes
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30
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16 answers

Why should a person approaching retirement age make their portfolio less risky?

It seems to be common knowledge that a younger person should invest their retirement funds in growth stocks since they can ride out any market swings. It is also common knowledge that as a person approaches retirement age they should tone it down a…
Paul Cezanne
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30
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2 answers

"Savings" account vs. "current" account - what's the difference?

When I draw money from ATMs or open a new bank account, there's the choice of either "savings" or "current" account. What's the difference between these two account types?
Fitri
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30
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7 answers

Private Bank requesting user name and password to verify identity before sending money to acct

I have been asked to provide my user name and password, so my fiance' can have his bank, Macoto, verify my identity, before they will send the funds. Does this sound right? I figure if he gives the ok, and they have my acct number, and tracking…
Susan
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30
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4 answers

How does high frequency trading work if money isn't available for 2-3 days after selling?

Do companies that perform high frequency trades just have large enough money pool, or do they get money back quickly somehow?
Inachus
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30
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3 answers

If I can put together a loan that pays out like a 7.579%-a-year loan, but has a total term of 18.63 years … would you be interested?

I'm reading about Household International's fraudulent mortgage interest rate. According to Michael Lewis, Household disguised a 15 year, fixed-rate loan as a thirty-year loan. The sales would offer to replace a client's existing $67,300 mortgage…
user59667
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30
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7 answers

Long Distance Landlording

I hate for this question to be overly general, but I think the problem is that I don't know what I don't know. My wife and I are thinking about becoming a long distance landlord/landlady, but having never done it before, we aren't confident that the…
ceiltechbladhm
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