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1500 questions
19
votes
3 answers
What is happening every time I pay my credit card? Am I 'settling' with my bank, the credit card company, or another entity?
I understand that credit cards extend credit to customers. And that purchases incurred before the credit balance is due are nothing more than IOUs to the bank issuing the card (and also the card provider?).
But what is actually happening every time…
StatsScared
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19
votes
4 answers
How Is There A Yield Curve For Treasuries?
Why would anyone buy a 1 yr T-Bill with a return of 1.25% when you get double that on a 30-year T-Bond? Where is the risk and/or liquidity premium coming from?
There's a highly liquid, secondary market where you can exit a position at any time,…
EricP
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19
votes
3 answers
Would depositing large cash amounts cause problems?
I saw an article recently where a man withdrew $600,000 USD in cash from his bank. I'm sure many folks here would advise against this move for obvious (and perhaps not-so-obvious) reasons.
My question: suppose you did this and then, some months…
Fixee
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19
votes
6 answers
What are the tax implications of being paid for work in company shares?
I completed a project for a private limited company. They want to pay me in company shares worth £100K (as it is stated in our contract).
I am trying to figure out what tax implications would I face and what is the solution to pay as little tax as…
Mert
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19
votes
3 answers
Why would long-term investor care about volatility?
I'm 35 and I want to start investing for my retirement. My question is, why would you care about volatility if your investment horizon is 30+ years? In order to get a more clear picture of volatility risk, I gathered some data in Python and computed…
Mark
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19
votes
9 answers
If you have insurance of some kind, and you are in an accident, does that mean that they increase your monthly fee?
I've always been confused by things like this:
Joe has his car stolen or drives it into a wall by accident, or some other kind of accident happens which "goes on the insurance".
Joe gets money from his insurance company.
Joe says: "Nah! No big…
B. Corpening
- 199
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19
votes
3 answers
Am I comparing take-home pay correctly?
I have two offers in the US at the moment. One at 153k and one at 175k. Single filer.
annual gross
fed tax
retained %
take-home income
$153,000
0.24
0.76
$116,280
$175,000
0.32
0.68
$119,000
While there is 22k difference "on paper", it…
Ivan Ivanov
- 191
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19
votes
5 answers
How will I pay for college?
The SAT is coming up soon for me and, with it, everything college. I had held the impression that I was just going to rack up student loans, go to college, and then pay them off with whatever job I got after college. I'm trying to be a bit more…
mowwwalker
- 291
- 1
- 5
19
votes
1 answer
Why is it reported as news that a company has "raised money"?
For example, it's been reported that upGrad raised 120 million from Temasek. What does this really mean? Why would a education company want to raise money from another investment company? What is the involvement of the investment company here?
Rajorshi Koyal
- 869
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19
votes
1 answer
Why was I asked by the seller to cancel my Amazon Marketplace order, instead of them canceling it themselves?
I ordered an item on Amazon Martketplace and shortly after I received an email from the vendor (via Amazon) advising me that the manufacturer has reported a fault with the batch so they are cancelling the shipment.
However, in order to cancel the…
Darren
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19
votes
6 answers
Does paying down the principal change monthly payments?
I have a 16,000.00 loan at 6.49%. If I pay 6,000.00 on the principal, will it lower my payment? Will it reduce interest each month and reflect on my payment?
BETTY
- 191
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19
votes
9 answers
What is an escrow and how does it work? Practical example
I cannot understand the concept of escrow.
Wikipedia provides the following example:
Escrow generally refers to money held by a third party on behalf of
transacting parties. It is mostly used regarding the purchase of
shares of a company. It is…
robertspierre
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19
votes
6 answers
Do I have to incur finance charges on my credit card to help my credit rating?
Does using a credit card actually build up your credit score or do you have to incur charges by not paying it off for X amount of time to help with your credit rating?
If I'm paying it off every month and using it for everything I buy, am I doing…
Matt W
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19
votes
5 answers
In the United States, how do you get car insurance (auto liability) which is valid no matter what car you are driving?
Almost all auto insurers I speak with require that I give them the model and make of the car I will be driving. For example:
Chevrolet Silverado
Honda Civic
Subaru Outback
Consider if I got in a car accident when I was...
driving a friend's…
Michael Butler
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19
votes
1 answer
Do I pay gift taxes in US, if I send money (>$15000) to my father in India?
I am in the US on F1 visa - OPT, I need to send money to pay off my student loan in India. I have already sent about $25000 to my dad, who has paid it to the bank for my student loan and I am planning to send about $15000 more for the same…
user63762453
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