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1500 questions
22
votes
12 answers
Pay off Loan With Savings or Keep Emergency Fund
A year and a half ago I took out a Career Development Loan(£7000, 9.9% interest). Which is currently around £4900 now. I have been saving for no particular reason, and I now have over £5000 in savings that is just sitting there. So I was thinking of…
Geo
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22
votes
7 answers
Is it wise to invest money in the stock market?
My uncle wants me to invest money in buying shares. I would like to ask these questions to my fellow users:
Is it wise to invest money in the stock market?
Is there any age limit to start into stock market?
Pros and cons when choosing to do so?
Pandiya Chendur
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22
votes
7 answers
Buying shares when the price goes down 2% and selling shares when it goes up 2%
Suppose I have 50,000 in a tracker. Because it's an aggregate of the share index, it can obviously go up or down but what it certainly does is fluctuate up or down.
What is the problem, if any, of selling when it goes up 2% and then buying back in…
Mike hall
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22
votes
9 answers
What are credit cards, debit cards, and other types of cards?
This question right here and the plethora of comments in it reminded me of something that I've found annoying for a long, long time. Seems that depending on where you come from the terms "credit card" and "debit card" can mean many wildly different…
Vilx-
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22
votes
9 answers
Investing in a leveraged index ETF for retirement. Risky?
Let's say someone has a few thousand saved in an IRA. Right now I have it sitting in Treasurys earning around 3%.
Over the past 50 years the S&P has averaged around 11% per year in total returns.
Let's say they wanted to invest the IRA balance in a…
user4946
22
votes
13 answers
Trading stock more quickly vs. holding it
coming from the ETF-world I seem to be getting the advice: buy a solid stock like $AAPL or $AMZN and hold it for years to come. In the case of Apple you at least get dividends. But they alone are not really substantial, when you are looking to…
Joseph
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22
votes
4 answers
Suppose leased car is totalled: what are financial implications?
Inspired by this question on totaling vs repairing a car and my situation (I'm leasing a car) my question is:
Suppose a leased car, properly insured as per the lease (i.e., comprehensive) is involved in an accident and is totaled by the insurance…
davidbak
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22
votes
9 answers
Second (easy access) account in case my bank screws up
Sometimes banks screw up. At the moment I have a single login with a single bank (various accounts inside). I'm not that rich, so that's no biggie. I'm under the personal savings insurance limit, and I'm not inclined to spend my free time trying to…
Dannie
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22
votes
5 answers
Why do banks encourage me to use online bill payment?
In the US, most consumer banks offer online bill paying. It's convenient for me, but what's in it for the bank? Many vendors take payment electronically, but some require a paper check sent via the post office. The bank does not charge either the…
Mike Kale
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22
votes
8 answers
Why did the federal government ever allow taxpayers to deduct their state taxes from their federal taxes?
At the end of 2017, President Trump signed into law the Tax Cuts and Jobs Act with among other things eliminated the federal tax deduction for state taxes paid.
Essentially, the federal government allowed taxpayers to remove whatever they already…
CodyBugstein
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22
votes
3 answers
I would like to get cash for money judgement
I am a landlord who got a settlement via garnishment of my ex tenant's account. The total of money owed came to about $30,000. I have collected about $11,000 and would like to get cash for what is left. The money is consistently paid every two weeks…
Yogirl
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22
votes
2 answers
What are the primary risks of buying a house in a short sale?
What are the primary risks of buying a short sale home? I've been looking at it as a way to buy a home cheaply, and I understand that repairs may be in order. However I've been warned (in general terms) that there are other risks or difficulties…
C. Ross
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22
votes
9 answers
Does gold's value decrease over time due to the fact that it is being continuously mined?
As one can see here ( How fast does the available amount of gold in the world increase due to mining? ), available amount of gold is increasing.
That sounds similar to printing more money. I suppose demand is growing even more right now, but is it…
Enno Shioji
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21
votes
4 answers
Good at investing - how to turn this into a job?
I'm 34 years old. Twelve years ago, I got a bachelor's degree in Computer Science, and have been working as a computer programmer more-or-less continuously since then.
I also have been investing in the stock market since 1999. I'm very meticulous,…
Shawaron
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21
votes
5 answers
How to store millions of dollars?
Not that I have it but most banks only secure amounts up to $100k so if you put $1M in there are you at risk of losing $900k if that bank shuts down? How do people store large sums of money, do they spread it out in $100k chunks?
Ryan Detzel
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