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

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1500 questions
25
votes
6 answers

Should I, as a young person, get a credit card with "bad" conditions?

I'm a twenty year old in Russia, not enrolled in education, working full-time officially for a software development company. I'm earning a taxed steady income that can be considered decent, yet when I applied for a credit card at my current bank it…
Ivan T.
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7 answers

Should I pay for a computer up-front or on finance?

This reads a bit like a home-work question, but this is actually my situation. The job I've taken is a BYOD (bring your own device), workplace and I prefer to use my own equipment. I've just started a new job and need to buy a new laptop within the…
user67312
25
votes
2 answers

Why use a stop-limit order instead of a limit order?

"A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher." - Investopedia "A…
Toby
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25
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3 answers

Amex cash back at a grocery store

When I go to the grocery store I have the opportunity to get cash back (groceries cost $23, I opt for $20 cash back, and my card gets charged $43 instead of $23 leaving me with $20 cash in-hand). My question is this: Does AMEX see the cash-back…
rein
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25
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8 answers

Why do people take out life insurance on their children? Should I take out a policy on my child?

I've always found those flyers that the schools send home in September contemptible. But maybe I'm the one in the dark...? If the purpose of life insurance is to replace a wage-earner's income in case of death, why would anyone purchase a policy…
Nat_Rea
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25
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8 answers

Should Emergency Funds be Used for Infrequent, but Likely, Expenses?

Say we break down non-monthly costs into the following three categories. High level of predictability: This would include oil changes that may be needed every 2 to 4 months depending on usage, car insurance (if paid every 6 month), car…
danjuggler
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25
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3 answers

Better to rent condo to daughter or put her on title?

We're contemplating purchasing a small condo in MI for our daughter to live in while she goes to law school. This would be an all cash purchase, so no mortgage. If daughter is listed as a co-owner, we can save about $100 per month on property…
Barbara
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25
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5 answers

Will a credit card company close my account if I stop using it?

I'm going to stop using my Visa and apply for an AMEX. I want the Visa account to remain open to keep my revolving credit usage % low. While I understand opening a new card will temporarily reduce my score, it will pay off in the long run. If I…
Fueled By Coffee
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3 answers

What is the cause of sudden price spikes in the FOREX market?

I just started trading currencies on the FOREX market and notice that, sometimes out of the blue, there is a spike of massive PIPS in an instant. Who has the power to do that and why would anyone buy or sell like that?
s_p
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2 answers

I cosigned on a house for my brother

I cosigned a mortgage for my brother 9 years ago. I was young and he convinced me that it would be good for my credit. Recently my credit dropped 70 points because he was 60 days late on the payment. He has been late before, he is usually on time…
L. Will
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25
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8 answers

Does this sound like a great idea regarding being a landlord and starting a real estate empire?

I want to build a small empire of my own over time in real estate. I want to pay 20% for a house and rent it out for a small profit (hopefully make around 3 - 5k a year in profit) and then pay it off as soon as possible. Once I pay the house off, I…
user51866
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25
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9 answers

Should I buy a car if otherwise transportation is free?

I am moving to Pittsburgh for 5 years. As a student, all public transportation in the entire city (+ shuttles and escorts from any university) are free for me. I also plan to live near the university (short bus ride). Is it worth it to a buy a car…
guesthmmm
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3 answers

If I switch jobs to a lower tax bracket right before I retire, do I save on 401k taxes?

I'm curious about how your withdrawal tax bracket is determined for your 401k Here are the scenarios: A) Let's say I am making $100,000-$200,000 per year for my whole career with a Traditional 401k. I don't remove anything from it before age 59.5.…
user40241
25
votes
14 answers

Why do people always talk about stocks that pay high dividends?

Isn't it true that on the ex-dividend date, the price of the stock goes down roughly the amount of the dividend? That is, what you gain in dividend, you lose in price drop. (Of course, sometimes it just happens that the price does not drop as much…
mark3292
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10 answers

Why is property investment good if properties de-valuate over time?

So I was reading that investing in property is a safe and solid investment (but low on return). This is based on how the prices rise e.g. a property price in the 1980's vs 1990's vs 2000's vs 2015. To be honest I don't understand the rationale. If…
Jim
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