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1500 questions
22
votes
6 answers
Does a direct deposit arrangement also enable direct withdrawals?
Suppose, for example, an employer in the United States deposits employees' paychecks directly into their bank accounts. If they determine (whether correctly or incorrectly) that a former employee was paid more than they should have been due to a…
Unknown Shoulder
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Why do banks give small APR loans
I apologize if this has been asked before....
If you can reasonably expect to profit 6% or more from index funds and there are other ways to make a reasonably safe 6% on the stock market....
Why do banks loan money to people (for housing, cars,…
xyious
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5 answers
Why does my bank suddenly need to know where my money comes from?
Today, I went to my brokerage account at Wells Fargo and the page said that online trading was suspended. I called them and the rep. said, "We need to know where your money came from."
This is an odd question. I've been with the bank for 15 years…
Fixee
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22
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5 answers
My tax refund is exactly $3000. Did I hit a cap?
My tax refund this year will be $2,043 from the federal government, and $957 from New York State. That comes out to exactly $3000. I figure the chances of that happening are pretty low.
Is there some law I'm running into that is capping my tax…
David says Reinstate Monica
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22
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1 answer
Can I expense when buying my own lunch
I am organized as a single member LLC. And I work from home. I see that some corporations buy their employees lunch and expense it.
My question is... Can I order lunch or go out to eat by myself and expense it?
It seems only fair because I'm an…
jason
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22
votes
4 answers
What are reasonable fees for financial advice?
I'm currently looking for a fee-only financial advisor. About 15 years ago I met with someone who prepared a simple financial plan over a few hours; this cost me $300 and was among the best choices I ever made. Their plan greatly simplified my…
Daniel R. Collins
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22
votes
2 answers
Are BIC and SWIFT code the same things?
I'm helping a friend with submitting an expenses claim to a US organisation we're both involved with. As the money is coming from a US bank, we can't just give them an IBAN and a BIC and be done with it. Instead, we've got to supply full swift…
Gagravarr
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22
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4 answers
Did an additional $32 billion necessarily get invested into Amazon.com stock on October 26th, 2017?
The share price went up about 6.9%, and the market cap is $466 billion. Does that mean that that much new money had to have been invested after hours? Would it otherwise be possible for the stock price to go up like that?
J. Doe
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5 answers
Could the loan officer deny me even if I have the money as a first time home buyer?
As of right now I am a senior in college in the United States. I have managed to secure a job once I graduate in May making around 78K. I started working at my year long internship in May of this year. My plan was to try and buy a small…
Jghorton14
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22
votes
4 answers
Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?
A couple of days ago, I went to a Chrysler dealer here in Florida to look for a new car.
Being that my credit score is currently somewhat low (about 680), me and my wife thought that we could have her as a co-applicant, as her score is over 800.…
neo
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22
votes
3 answers
What does a stock's quoted value represent?
According to Yahoo Finance, a single stock in Alphabet Inc. is worth 898.7 USD as of this writing.
Question: What does the price of $898.7 reflect?
I can imagine the price is one of the following options:
Highest bidding price
Lowest asking…
Vingtoft
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22
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10 answers
Should I sell a 2nd home, or rent it out?
I have recently purchased a home which will presumably be my long-term residence. I have not yet sold my original home, and I am trying to decide whether I should rent it out, or sell it.
The 1st home has a mortgage remaining of $175,000, with a 5/5…
Derek
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22
votes
13 answers
Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan?
Maybe I'm incorrect in my thinking, but I have a question about prepaying a loan. When you take out a mortgage on a home or a car loan, it is my understanding that for the first years of payment you are paying mostly interest.
So, let's take a…
user56397
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votes
4 answers
Is it worth saving HSA funds until retirement?
I recently discovered that there is no lifetime limit to contributing to an HSA account - provided that you don't contribute more than the limit per year. Assuming that an individual makes a decent salary that covering their max-out-of-pocket for…
Michael
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22
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3 answers
Is it a bad idea to buy a motorcycle with a lien on it?
I was curious why is it considered a "bad idea" to purchase a motorcycle/vehicle with a lien on it?
It started when I came across an ad on Craigslist where I'm interested in buying a used vehicle. However, the seller mentioned that there is a lien…
robjob27
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