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

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1500 questions
21
votes
7 answers

What is a good rental yield?

If you are thinking of buying a property for investment purposes, what is a good gross yield? I've been told you should take 3 zero's off the price of the property, so if a property is worth 400,000, it should be rented out at $400 per week. That…
Joe.E
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What can someone do with a stolen wallet for a few seconds?

I was recently in the gym and left my keys, phone and wallet together on top of my jumper. I took my eyes off of them for maybe 5 seconds, which I now know is too long, whilst I went and got some more weights. I came back and my wallet was missing.…
Jsk
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4 answers

In terms of safety, what's the next best thing after government bonds?

For long-term investments (10+ years, or for retirement purposes, even 30+ years), what is the closest thing to government bonds that is almost as safe as them but with greater return? The problem with government bonds in Europe/US is obvious.…
Quora Feans
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2 answers

Why do market-makers usually win against traders?

I heard that market-makers — like TD Ameritrade and Fidelity – usually make profits while traders do not, especially in foreign exchange. Why is that?
Sean Taylor
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4 answers

Can companies use reverse stock splits to liquidate my shares at unfavourable prices?

Suppose a stock is currently selling at $0.50, which I think is a severe undervaluation. Suppose I own 700 shares of this stock, and I don't intend to sell at the current price because of the severe undervaluation. Suppose the company then decides…
Flux
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2 answers

Starting with GnuCash. How to eliminate automatic entries ending up in the "unbalanced" account?

I just started using GnuCash and there is something I do not quite get how to get rid of (and whether I should try to get rid of). When I start importing transactions, I have expenses, income, etc. As this this as "double method" system, for…
Gabriel
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21
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2 answers

Using a Health Savings Account (HSA) as an investment vehicle: What are the drawbacks?

For next year, my company has started offering an HDHP with an HSA. With this, they will contribute $500 per year flat, and 50% matching up to $500 (where they will match $250; up to $750 total). I know that $250 is basically chump change, but I am…
user606723
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5 answers

History of marginal-rate taxation in the US

I recently came across an article that made me think about marginal tax rates in the US. Specifically, in the fourth paragraph there is the statement: He once asked me to explain to her that if she would cut her salary by almost a third, she would…
Anger Density
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8 answers

Is it true that car insurance can go up if a member of your family gets a license?

I was told that because I live with a parent, if I were to get a drivers license, their insurance payments would be higher, even if I'm not actually on their insurance. Is that true? How would the insurance company even know I have a license anyway?…
David G
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21
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3 answers

Will I get in trouble for sharing my bank account information with a sugar daddy?

A sugar daddy messaged me on Instagram. I was having a hard time so I responded, and he said he would send me money and didn’t expect anything in return. He then he asked for my bank account info which I stupidly gave him, because I had no money in…
Penelope
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21
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6 answers

Is rent considered a debt?

I am taking a financial assessment. It asks me: What is your total monthly debt payment (e.g. student loans, vehicles, credit cards, personal loans, etc.)? Then the next questions are about household essentials and non-household essentials. But…
Jossie Calderon
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21
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6 answers

Do index funds really have double-digit percents annual return rates?

For the first time in my life I'm looking into where to put my money and I came across index funds. I find it very suspicious that: whatever index fund I come across, the history never goes back to before 2010. the return rates are super high. For…
UTF-8
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21
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6 answers

Should I pay off my 50K of student loans as quickly as possible, or steadily? Why?

I was an idiot in college. I basically just used student loans and got very few grants. I also spent way too much time in there. I now have two bachelor's degrees and a master's degree. About 7 years of my life wasted and about 50K dollars in…
SoftwareSavant
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21
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8 answers

Strategy to pay off revolving debt while building reserve savings fund?

We currently have about $16K cash. I'd like to have $30-35K+ for a ~6 month reserve. This will be a "single giant reserve fund" that will pay for large and/or unplanned expenses, frivolities like vacations, in addition to providing financial…
David Z
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3 answers

Put my student loan in parents’ second mortgage - help?

I fear I did something stupid. I graduated in 2017 with a bunch of student debt that my parents held on my behalf (~$130k). One misunderstanding led to another and somehow we ended up refinancing the student loan with a mortgage on my parent’s…
smartButNotSavvy
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