Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

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1500 questions
21
votes
11 answers

Can't get started with budgeting -- no discipline! Any ideas on getting out of this rut?

I have had very little success with managing money. I have gone bankrupt once ($50K in credit card debt) and since then I no longer have credit cards (just a debit card) but my spending is still totally undisciplined. On a good month, I simply…
Bart
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4 answers

My business partner is unable to work; What should I do?

My business is an S-corporation and I have a partner. My partner is very sick and needing a liver transplant. He has been unable to work for over a year, and I am not sure when or if ever he will be able to work again. But we still make the same…
PAT OBRIEN
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21
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2 answers

Is permanent life insurance necessary in retirement?

I have a salesman trying to convince me that permanent is a great option. What I can't wrap my head around is why I would want permanent life insurance in my old age if I have a retirement nest egg. If I passed away my spouse could live off the nest…
Wade Anderson
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21
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9 answers

Is there any reason not to put a 35% down payment on a car?

I went to the car dealership and was planning to finance a car under my brothers name, but since his credit is new AND he just financed a car 2 months ago, the salesman said it probably wouldn't work. The car I'm buying costs $15,550 and I'm…
Julian C
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21
votes
2 answers

Why do credit card transactions take up to 3 days to appear, yet debit transactions are instant?

I noticed that when I use my credit card it takes up to 3 business days (even 5 days including weekends if I use it on a Thursday, I have to wait until Monday or Tuesday) for the transaction to appear on my online banking account history (after…
Dai
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21
votes
3 answers

Wash Sales and Day Trading

Let's say a Day Trader buys and sells a stock on the same day and makes a loss of $1,000. Then she buys and sells the same stock the next day and makes a profit of $500. On the third day she files her taxes. As I understand the Wash Sales rule, she…
thanks_in_advance
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21
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8 answers

How risky is it to keep my emergency fund in stocks?

Everybody says you should keep an emergency fund of 3–6 months of expenses in cash or near-cash (CDs, treasuries, etc.). I know this is heresy but if you have funds for significantly more than 6 months of expenses (let's say 12 months), how risky…
Craig W
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21
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3 answers

As an employee, when is it inappropriate to request to see your young/startup company's financial statements?

If you work for a young company, equity in the form of restricted stock or options is often a form of compensation and a way to keep you aligned with the company's goals. But as a new employee you don't always know the situation you're walking into,…
user5770
21
votes
1 answer

How to invest after 401k and Roth IRA are maxed?

I'm in my 20's. I'm a big saver and I think I've covered the basics, including: Paying off all high interest (>3%) debt. Getting the full company match out of my 401k. Maxing out my Roth IRA for the year. I still have a decent amount of cash flow,…
James Jones
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21
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4 answers

How do I opt-out of the Social Security system?

How do I opt-out of the Social Security system and give up my Social Security Number? If I do this, am I then exempt from paying Social Security income tax?
Jesse
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21
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6 answers

Which Benjamin Graham book should I read first: Security Analysis or Intelligent Investor?

I recently graduated from engineering and I want to know more about investing. I'm particularly interested in Benjamin Graham's ideas. I want to read all of his books, but I couldn't decide which one should be first. Which should I read first:…
user1955276
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21
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1 answer

Is there a benefit to creating a donor advised fund to make charitable donations instead of simply donating to organizations each month?

I'm looking to set up recurring charitable donations to various groups, and I'm considering using a donor-advised fund through Fidelity or Vanguard. General question: Is there a benefit to placing money into an account like this, where part of the…
John Bensin
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21
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5 answers

What is the purpose of property tax?

I currently rent, but have been looking to buy a home. I always imagined how great it would be to have a dream home, worth, say, $500K, and to have it fully paid off. My thought was the only recurring fee I would have to pay is for utilities to keep…
Kirk Ouimet
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21
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3 answers

Doctor won't let me self-pay because I've "already presented" them my insurance card?

My doctor's cash price is lower than the insurance price. Since I likely won't hit my deductible this year I asked to switch to self-pay. They told me they are "not allowed" since I have "already presented" them with my insurance card. Is this…
Derek Fulton
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21
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9 answers

Does the assumption that all known facts are already priced into the share price assume that most participants of the stock market are well-informed?

It is often assumed that share prices automatically consider all available information since if some market participants have more information that implies that a share is, for example, underpriced, they will buy the share and the price will…
simplemind
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