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

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1500 questions
20
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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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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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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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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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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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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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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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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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2 answers

Why does the Nikkei 225 appear to be such a bad long-term investment?

For most well-developed countries, indexes of their stock markets tend to grow in the very long term. For example, look up a long-term graph of the FTSE100 or the S&P500. For Japan's Nikkei 225, this does not appear to be the case. A simple…
J. Mini
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2 answers

Why do ETFs that replicate the S&P 500 vary significantly in price?

From Wikipedia: Exchange-traded funds (ETFs) that replicate the performance of the index are issued by The Vanguard Group (NYSE Arca: VOO), iShares (NYSE Arca: IVV), and State Street Corporation (NYSE Arca: SPY). If I look up the quote for each…
Paul Razvan Berg
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2 answers

Need advice recovering money lost due to debit card fraud! Bank wont help!

I was recently the victim of credit card fraud. My number and some of my info was compromised and subsequently used to run up about $500 worth of online charges within a week's time. This was on my Bank of America VISA Debit card. I reported this to…
Mark Renouf
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4 answers

What can I realistically do to raise my credit score?

I have a crappy credit score. My situation in a nutshell: In the divorce, the ex got the home, which was then foreclosed on. My name was still on the mortgage. That was in 2009 or so. I attempted to buy a house earlier this year, but after being…
NeedAdvice
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