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1500 questions
19
votes
4 answers
Does the 'A' in IRA stand for "Account" or "Arrangement"?
From the comments at: https://money.stackexchange.com/a/85769/4522
One poster called an IRA an:
Individual Retirement Account
Another stated it was an:
Individual Retirement Arrangement
What does the IRA abbreviation actually stand for?
Freiheit
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19
votes
3 answers
How to buy commodity on exchange (to use)
I was always wondering: How do you buy a commodity (for example oil or aluminum) on an exchange for a "real" purpose.
It seems like most resources on the net deal with how to "trade" them in a broker's account and speculate on prices. But what if…
NoRyb
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19
votes
2 answers
Making a basic will without an attorney
I've been reading that wills for the "basic" scenario is pretty much a cut-and-paste at the attorney's office. Rather than spend the money with a lawyer (300-600USD) I thought I'd look into a DIY solution.
Are there websites that supply…
Fixee
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19
votes
2 answers
How do I calculate monthly compound interest in Google Sheets?
I have a financial spreadsheet with a column of all my deposits into my savings account. The leftmost column lists the dates of the deposits. Now, let's say my savings balance is $100.00 and my monthly interest is 0.25% (1/4 of 1 percent). This…
grgoelyk
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19
votes
5 answers
How are people able to spend more than what they make, without going into debt?
Jeff Bezos reportedly surpassed Bill Gates as the wealthiest person in the world, at least, for a while. But in 2016, it was reported that he had a salary of around $80,000, but obviously his wealth comes from his stock holdings in Amazon. He is…
Michael
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19
votes
5 answers
How much should I be contributing to my 401k given my employer's contribution?
I realize that this is similar to at least one question here, however, there are some differentiators.
I can contribute a max of 5% of my net salary to the 401k fund. The employer matches 50% of whatever I contribute. So at most, the employer will…
NeedAdvice
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19
votes
3 answers
How should I handle a purchase when the credit-card reader is dead?
Scenario
I'm in a restaurant. I finish my meal. I go to pay with a credit card and I'm informed that the card reader is not working - can I pay with cash?
I don't carry cash. There's no nearby ATM. So I let them write down my card number, and my…
gef05
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19
votes
4 answers
Why do card processing companies discourage "cash advance" activities
I've been curious about something for a few days now, but I couldn't find out the reason elsewhere.
Reading through, for example, the Square terms and conditions (https://squareup.com/legal/cash-ua#limitations-on-use), they state
... you will not…
Brian Leishman
- 525
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19
votes
1 answer
What's the differences between a discount broker and a regular broker?
What are the differences between a discount broker and a regular broker? "Discount" implies a price difference... but why can they be cheaper than regular brokers??
newstockdude
19
votes
4 answers
Where should I put my will so that it can be easily found when the time comes?
This has been puzzling me for a while. What is the best place to keep a last will and testament so that it can easily be found and executed obviously without any help from me?
I've seen a lot of people suggest safety deposit boxes, but I've also…
JohnFx
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19
votes
5 answers
Why are currency forwards needed?
Commonly, a currency forward is said to be useful when one has to make a payment in another currency in a future date, e.g. a European company has to pay 1 million USD exactly one year from now. It is often claimed that the company can protect from…
lopta88
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19
votes
2 answers
Are multiple hard inquiries for a specific loan type okay?
I'm researching mortgage options for my first home purchase, and I recently had a long call with a loan officer where he encouraged me to get pre-qualified (requiring a hard credit inquiry) as soon as possible - despite the fact that I'm not buying…
WannabeCoder
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19
votes
2 answers
How would bonds fare if interest rates rose?
The first thing I learned about bonds is that when interest rates rise, the price of existing bonds tends to fall. Unfortunately, I didn't learn much else about bonds. So I have a couple questions about them.
If interest rates rise I'm sure
it will…
Stainsor
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19
votes
2 answers
How long to wait on credit card charge (and what can I do?)
Several months ago, my credit card number was stolen and used to buy some airline tickets. My credit card company reacted very quickly to lock my account and alert me to the charges.
However, as I came to learn about this type of scam, the scammer…
Enkiduh
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19
votes
8 answers
As a 22-year-old, how risky should I be with my 401(k) investments?
As a 22 year old guy, how should I plan my financial life regarding my 401(k) investments? How much risk should I be taking?
Also, is it a good idea to invest in a dynamic portfolio with smart beta ETF's managed by an active portfolio manager?
Robinho Hcp
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