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

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1500 questions
21
votes
5 answers

When a journalist writes "shareholders wiped out" what does this actually mean?

I was reading a newspaper article in the FT where a journalist wrote "shareholders wiped out in restructuring deal". As a novice I'm struggling to conceptualize what "wiped out" means, I tried searching Google but still couldn't really grasp…
troy beckett
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21
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6 answers

Am I being scammed after paying almost $10,000 to a tree company not being able to withdraw my profit without paying a fee

I was contacted by a woman on Instagram who told me I could make a $50,000 profit after sending in $500. This has been going on since August 2022. The senior trade manager told me that my account had been disabled, and she asked me for my driver's…
Lee
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1 answer

The Government might have seized my investment assets, how do I treat them on my tax return?

I had money invested in Russia during 2022 through the ETF FLRU. At the beginning of the year when the Russia/Ukraine conflict start the government seized a bunch of Russian assets including this ETF. Now the question is what do I do about these…
Dragon Creature
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21
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8 answers

I wrote a check with an unambiguous but casual written amount - why did the recipient's bank reject it for "invalid written amount"?

I wrote a check for 3495.00. For the written amount, I wrote "Thirty four ninety five and 00/100". When the recipient deposited the check, it was rejected due to "invalid written amount", and the recipient was charged a fee. I know that the most…
mikey555
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21
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2 answers

Hotel lost my clothes; sent them to my home; now I am being chased to pay for delivery

I was traveling in Singapore and my hotel lost some of my clothes during cleaning. When I checked out they said they couldn't find them and asked me if I wanted them shipped to me when they found them. I said yes. I received the clothes via FedEx…
Omroth
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21
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7 answers

Why would a loan company deposit a small amount into my account and require I send it back?

Why would a loan company deposit a small amount of money into your account to verify if you are honest about repaying the loan you’re asking for? They want to deposit a small amount into my account, and then I have to return that money, and they say…
user120367
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21
votes
5 answers

When can you skip bonds for retirement?

Conventional wisdom holds that as one approaches retirement, one should transition from holding mostly risky investments (stocks and mutual funds) towards holding more conservative investments (bonds). This makes sense, since it protects you from a…
codeMonkey
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21
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8 answers

Is physical gold inflation-proof?

I always assumed that physical gold is inflation-proof, but my advisor at my bank claimed it is not — unfortunately without going into details. Now I wonder what he meant. My assumption was: If I buy gold now for $100 and that inflation reduces the…
Demento
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21
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3 answers

Automatic payment *after* payment due date: why?

My water bill has an option for automatic payment, which I would like to enroll in (as it would be convenient), but something it mentions about the dates gives me pause: on the page to set it up, it says [emphasis added by me]: Automatic Payment…
ShreevatsaR
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21
votes
7 answers

Are the HSA and FSA bad deals?

As I understand it, the HSA and FSA accounts are intended to provide individuals with a way of not paying tax on money they spent on healthcare. The individual sets up the account to receive a portion of their income every month, and this portion is…
Melissa P.
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21
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8 answers

Safe-ish investment options for a young, well-compensated couple

I'm definitely late in learning this stuff and have gone through the top questions on this site like I'm 23 and was given $50k. What should I do? Oversimplify it for me: the correct order of investing Best way to start investing, for a young person…
Jemmy
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21
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7 answers

Why do gas stations charge higher price for credit card purchase while customers can purchase their gift cards from a third party?

Many gas stations have different prices in credit card purchases and cash purchases. The customer pays a slightly higher price with credit card purchases. On the other hand, if a customer uses cash or gift cards, the (lower) cash price applies. So I…
Zuriel
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21
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7 answers

How can I fairly give the option to be paid in Bitcoin?

I'm a freelancer who bills per hour and invoices my clients at the end of the month. The total amount is represented in my local currency. I also give the option for my clients to pay in Bitcoin at a 10% discount. The way I currently do it is by…
NeRoboto
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21
votes
2 answers

Multi-user, non-US personal finance and budget software

Hija, I realize that there are any number of these questions on here. I didn't manage to find one that related to my specific situation, however. First, I am outside mint.com territory. Second, I am a member of a two-income household - we're not…
Rune Jacobsen
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21
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3 answers

Is money from the sale of an asset considered income?

Is money from the sale of an asset, like a pickup truck, considered income? For example, let's say I am a carpenter and I buy a new pickup truck for $40,000. I deduct $18,000 in depreciation for the first tax year, then $16,000 for the second tax…
Five Bagger
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