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1500 questions
350
votes
18 answers
Best way to start investing, for a young person just starting their career?
I am young, just started my career, and looking to begin investing so I can make my money work for me. I'm still living like I did in college (occasional purchase on myself, but most of it goes into savings) and I would like to take the extra money…
Eric
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302
votes
18 answers
Who can truly afford luxury cars?
I never really thought about money until one day I checked how much I made compared to the rest of America. The calculator said my household income is in the top 20%. Kind of funny to me, because I always considered myself middle class. (My tax…
ConfusedDeer
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277
votes
12 answers
I received $1000 and was asked to send it back. How was this scam meant to work?
Possible Australianism - netbank = a website + app by which an Aussie can do their banking, including transferring money to other people.
A while ago, I ended up with $1000 transferred into my account, which in the description looked like a netbank…
Scott
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255
votes
22 answers
Why isn't everybody rich?
This question came up after reading this question (stock market long term risks), in which it is re-iterated (as it has been many times on this site), that investing in the stock market, especially an index fund that tracks the top 100 / 500…
Cloud
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246
votes
22 answers
If a stock doesn't pay dividends, then why is the stock worth anything?
I read somewhere that companies are not required to pay dividends to shareholders (this is correct, yes?).
If so, then if company A never pays dividends to its shareholders, then what is the point of owning company A's stock? Surely the right to…
extremeaxe5
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214
votes
13 answers
Why would a company care about the price of its own shares in the stock market?
After a company has issued shares, why should it care if the value of the shares fluctuate?
Since the shares are now publicly traded, if the value fluctuates, that is strictly a transaction between buyer and seller, none of whom are directly related…
Victor123
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200
votes
21 answers
How smart is it to really be 100% debt free?
For the last 2 years, I have been trying hard to be debt free without affecting my personal cash flow. I am by no means a rich person, but I have a decent salary.
I still have debt, specifically
Education Loans (Interest 3%)
Car Loan (Interest…
Geo
- 5,825
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191
votes
23 answers
What options do I have at 26 years old, with 1.2 million USD?
I'm a 26 years old female who got into an accident that almost killed me; I sued and after attorneys fees and medical bills from hell... I will walk away with around 1.2 million dollars tax-free.
Here are the crucial details:
I have no family (no…
d.ariane
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191
votes
11 answers
I'm supposedly eligible for an inheritance from a distant relative. Offer appears to be legitimate
About 12 months ago, I received a letter ostensibly from a company carrying out genealogical research for law firms. It said that they were dealing with the estate of someone who had left money to my late mother, who died about 20 years ago. They…
alephzero
- 4,433
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189
votes
6 answers
Found a heap of BTC but have no documentation. What do I do?
Many years ago, I bought around 400 BTC for a few hundred dollars (?) and stored them in a hard drive. Shortly after that, I lost this hard drive, wrote it off as an "Oh well" and didn't think anything more of it.
Last week I found the hard drive…
SomeGuy
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186
votes
15 answers
Friend was brainwashed by MLM-/ponzi investment scam. What can I do?
Recently a friend of mine invited me to hear about “an interesting chance to simply earn money.” Basically we and other invited people drove to a meeting room where a speaker told us about a growing startup where you could invest money in a field…
H. Idden
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- 11
174
votes
6 answers
What happens to people without any retirement savings?
I'm not sure if this is a naive question. I'm struggling mightily with a family member (and everyone has a similar story) who just cannot make the right financial decisions. This person will forever live paycheck-to-paycheck and will probably…
Rocky
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173
votes
3 answers
Can someone explain a stock's "bid" vs. "ask" price relative to "current" price?
In my online brokerage account, I want to buy a particular stock and I see the following:
Bid: 13.20 x200 Ask: 13.27 x1,000
the current stock price is 13.22.
Can someone explain what the bid and ask prices mean relative to the current…
Amir
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168
votes
11 answers
Do I make money in the stock market from other people losing money?
Basically I am new to stock trading and neglect to see the differences between trading stocks and betting on sports. Basically I am "betting" on which company will do well, and this can change due to "upsets" just like in sports, but my main…
Asleepace
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166
votes
24 answers
Why do people save so much?
When I am old and retired (70 years +), I don't plan to spend a lot of money. I'll be living in my own house that is already paid off at that point, so no rent or mortgage payments. Since I don't need to get to work every day, I wouldn't need (or…
cearl
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