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

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1500 questions
20
votes
5 answers

Why are wire transfers not reversible by the bank?

ACH payments and credit card payments are both forms of electronic payments. Because of this, reversing a payment is usually as straight forward as calling your bank. However, this does not seem to be the case with wire transfers. At the end of the…
AlanSTACK
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19 answers

How do people with multiple credit cards keep track of their due dates and not miss payments?

I never spend more than I have and always intend to pay the full balance on my credit card statements. Because the due date changes and because they are different for each card, I sometimes forget and get charged interest. I would like to avoid this…
Griftoni
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20
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2 answers

How do Islamic Banking give loans for housing purposes?

Islamic banks do not give loans they invest in financial activities of their clients. Am I correct? If yes, then how can they provide loans for housings? Home loans have nothing to do with business. Then how do they manage this type of loans?
user5800
20
votes
6 answers

Is there no way of getting the inspection report before placing a bid?

I am looking to buy my first home and I am confused as to how to avoid the lengthy process without knowing what is negotiable and what isn't when it comes to the inspection step. If there's an inspection contingency and the seller doesn't want to…
heretoinfinity
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20
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8 answers

Should I wait until I have a 20% down payment to buy a home?

With an FHA loan that only requires a 3.5% down payment, I'm able to buy a home right now and comfortably afford the monthly payments. However, I know that means I'll pay PMI and more interest over the life of the loan. A 20% down payment would…
cabbagecalculator
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20
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3 answers

Do I have to pay income tax if I don't get paid in USD?

If I were a freelance worker getting paid in cryptocurrency, would I have to claim my earnings as income? What if I never convert it to dollars?
Jonah
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3 answers

Abundance of Cash - What should I do?

There seems to be a glut of information and I don't know where to start. My situation is: No debt/kids Own Home and Vehicles Have a years worth of living expenses in my savings/checking Max out my 401k and Roth IRA Have a lot of money in a money…
Jason
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20
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5 answers

Is there any risk in sending copies of my ID and utility bills to a company that cold-called me?

I'm shopping around for solar and a company called me. I'm a bit suspicious, due to some what I think might be red flags: The first caller could answer few questions, spoke with a heavy accent, could not tell me details about their physical store…
Village
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5 answers

Where to keep savings for home loan deposit?

I'm a US resident and I've saved > $100k cash for a home deposit. I expect to finance a home in the next 12 months. Currently the cash is split between Bank savings account and a couple of money market accounts (like FMOXX). Are there higher yield,…
Justicle
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20
votes
4 answers

Why is so much focus put on the Dow Jones Industrial Average?

The Dow Jones Industrial Average is derived from the sum of the stock prices of 30 large-cap companies, divided by the Dow Divisor which, at the moment is actually a multiplier. It's mostly NYSE properties, with a handful of NASDAQ…
Dancrumb
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20
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2 answers

How can a company reduce my number of shares?

I purchased 1000 shares of ACB stock a little over a year ago. I have now learned I have only 83 shares of stock. How can the company take away over 900 shares of my stock?
Tim
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20
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7 answers

Can I hedge my household expenses using the financial markets?

Apparently farmers can hedge against high raw material prices and low crop prices by using financial instruments such as forwards and futures. Can I use financial instruments to similarly hedge my household expenses against unfavorable prices? A…
Flux
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20
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4 answers

Are annuities the best way of generating monthly income?

What is the most effective, least costly, way of generating monthly income from an investment of $500,000 or more? Are annuities too costly?
Steve Eicholtz
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20
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9 answers

Should I buy a nicer house in a worse area for less than I budgeted?

I am a single male in my mid twenties, based in the UK and looking to buy my first home. I see this home as a 'stepping stone' home and intend to live in it for 5-15 years until I get a partner and plan on having children and then upgrading to a…
Jsk
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3 answers

What happens if I do not honor a futures contract?

I have little knowledge about futures contracts. The recent negative price of crude oil spurred my curiosity about this stuff. I read this post about buying/selling futures contracts. According to this post, when I buy a futures contract, I enter…
William
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