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Is it a good idea to teach children that work is linearly related to income? | I don't know if it counts as a formal answer, but Dale Carnegie has always preached that income is related to how well you treat and get along with other people. His observation is that the highest paid people are those with the best people skills, because the ability to manage other people has higher value than si... |
Does U.S. tax code call for small business owners to count business purchases as personal income? | Expenses are where the catch is found. Not all expenditures are considered expenses for tax purposes. Good CPAs make a comfortable living untangling this sort of thing. Advice for both of your family members' businesses...consult with a CPA before making big purchases. They may need to adjust the way they buy, or t... |
Pension or Property: Should I invest in more properties, or in a pension? | Diversification is one aspect to this question, and Dr Fred touches on its relationship to risk. Another aspect is leverage: So it again comes down to your appetite for risk. A further factor is that if you are successfully renting out your property, someone else is effectively buying that asset for you, or at least ... |
What investments are positively related to the housing market decline? | During the actual decline, there's very little money to be made and a lot to lose. When housing prices tank, everybody loses; the banks are exposed to higher risk of mortgage defaults, insurers start having to pay out more for "gas leaks" claiming over-leveraged homes, realtors starve because their commissions go do... |
What are the fundamental levels that makes a Stock Ideal? (either to sell or buy) | for buying: High PE, low debt, discount = win. a company with high debt (in relation to revenues and cash on hand) will have to pay interest and pay off the debt, stunting their growth. and just like a normal person, will barely be able to pay their bills and keep borrowing and might go bankrupt determining discount is... |
Is it better to buy this used car from Craigslist or from a dealership? | You seem to be on the right track. I feel, though, that it's worth addressing your maintenance budget. Even if both cars described in your question are from the same model year, one has been in service 2x more; one car has been on the road, in weather, twice as much as the other. I'm not sure what's being represente... |
Why is retirement planning so commonly recommended? | I like many of the answers, but here is a summary of reasons: Almost everyone will retire, and it is almost certain that government or company pensions schemes will not alone give you a lifestyle you would like in retirement. Money invested early is worth much more in retirement than money invested late, thanks to the ... |
How an ETF pays dividend to shareholders if a holding company issues dividend | The amount, reliability and frequency of dividends paid by an ETF other than a stock, such as an index or mutual fund, is a function of the agreement under which the ETF was established by the managing or issuing company (or companies), and the "basket" of investments that a share in the fund represents. Let's say you... |
How does a TFSA work? Where does the interest come from? | A TFSA is a tax free savings account. It is a type of account where you can buy various investments like stocks, bonds, or funds (mutual, exchange traded, and money market). There are some other options but it's best to see what your bank or broker will allow. You probably specified the type of investment when you op... |
250k USD in savings. What's next? | Find a good financial advisor that is willing to teach you and not just interested in making a commission on your net worth. Talk to them and talk some more. Go slow and don't make impulsive buying decisions. If you don't understand it then don't buy it. Think long term - how do I turn this 250K into 2.5M? Congrats on ... |
Shares in Chinese startup company | Setting up an entity that is partially foreign owned is not that difficult. It takes an additional 1-1.5 months in total, and in this particular case, you guys would be formed as a Joint Venture. It will cost a bit more (about 3-5000). If you're serious about owning a part of a business in China, you should carefully e... |
Which practice to keep finances after getting married: joint, or separate? | Echoing Justkt, different approaches will work for different couples. It also depends on your background, life experience, age, maturity.... Irrespective of the structure, any agreement must be based on a thorough understanding of the mechanism by which responsibility and accountability is apportioned. As in any finan... |
I got my bank account closed abruptly how do I get money out? | First, if your account has been closed you should not be able to use your debit card in any format. As you mentioned that you are able to use that so your back account is active. So this indicates it is a scam In case account is closed, bank confirms your address and will send you a cheque for the amount in your accou... |
How should one structure a portfolio given the possibility that a Total Stock Market Index might decline and not recover for a long time? | Generally, you need something that goes up over time during periods of index decline, but otherwise holds some value. Historically, people tend to use gold for that purpose. But with gold also set up for possible declines, that raises questions. Silver has dropped a bit more than gold in terms of percentages. If yo... |
With respect to insider trading, what is considered “material information”? | Material Information means that any information that can reasonable affect the share price of the company [upward or downward] as looked by the investors. The idea is to provide a level playing field to all investors. Hence it forces people having material information not to trade when they have this information that i... |
Calculate investment's interest rate to break-even insurance cost [duplicate] | You are comparing a risk-free cost with a risky return. If you can tolerate that level of risk (the ups and downs of the investment) for the chance that you'll come out ahead in the long-run, then sure, you could do that. So the parameters to your equation would be: If you assume that the risky returns are normally d... |
Once stock prices are down, where to look for good stock market deals? | Something you might want to consider, instead of going out bargain hunting in hopes of picking something up on the cheap is to start doing you research now for a stock you would like to have in your portfolio and watch it for news that might cause it to go down before picking it up when it is down for a bit. As you poi... |
What is the best strategy for after hours trading? | First you will need a plan stating three main points: You will have to decide what criteria you will use to answer these points. You might use Fundamental Analysis to find what to buy and Technical Analysis to decide when to buy and when to sell (your buy and sell triggers). Once you have a Trading Plan in place you wo... |
Super-generic mutual fund type | If you are looking for an index index fund, I know vanguard offers their Star fund which invests in 11 other funds of theirs and is diversified across stocks, bonds, and short term investments. |
What is good growth? | In One Up on Wall Street, Peter Lynch suggested that there are six major aspects to choosing growth stocks: |
Determining current value for real estate for inheritance purposes | There are multiple ways of determining the value of an inherited property. If you aren't planning on selling it, then the best way would be to have a real estate agent do a comp on the property (or multiple real estate agents). |
What's the catch in investing in real estate for rent? | The other thing to remember is seasonality. Just because monthly rent is $900/month doesn't guarantee that you'll bring in $900/month. Plenty of university towns have peak demand during the months of Aug/Sept when students are moving in, but you have to beg//plead//give discounted rent to keep units full during 'off-... |
What percentage of my portfolio should be in individual stocks? | I'm in a remarkably similar situation as yourself. I keep roughly 80% of my portfolio in low-cost ETFs (16% bond, 16% commodities, 48% stock), with about 20% in 6-8 individual stocks. Individual stocks are often overlooked by investors. The benefits of individual stock ownership are that you can avoid paying any hol... |
I'm only spending roughly half of what I earn; should I spend more? | If you are happy, really honestly happy, there is no need to change because you read it somewhere. While I believe that budgeting in some fun is smart so you don't go crazy, I am really speaking for myself. I personally have to work at not spending more than I make, so I need to blow off some steam. I also think that ... |
How often do typical investors really lose money? | I'll just add this: In the best hedge funds and proprietary trading funds, stock selection is approached very scientifically in order to minimize losses/maximize gains. Researchers think of a trading idea and carefully test it to see which methods of stock selection work and how well, and finally they combine them. Eve... |
How does Value Averaging work in practice? | The way I've implemented essentially "value averaging", is to keep a constant ratio between different investment types in my portfolio. Lets say (in a simple example), 25% cash, 25% REIT (real estate), 25% US Stock, 25% Foreign stock. Lets say I deposit a set $1000 per month into this account. If the stock portion goes... |
Sales Tax: Rounded Then Totaled or Totaled Then Rounded? | Tax is often calculated per item. Especially in the days of the internet, some items are taxable and some aren't, depending on the item and your nexus. I would recommend calculating and storing tax with each item, to account for these subtle differences. EDIT: Not sure why this was downvoted, if you don't believe me,... |
Is it worth working at home to earn money? Can I earn more money working at home? | I think the right question you should ask yourself is: Can i work at home? is it possible? do I have a calm, private place at home to work from? what will be the motivation while working from? If you got answers to these questions, you will find if you can get money from home or not, because any place you can do work f... |
Is a robo-adviser worth the risk? | They've been around long enough now for there to be past performance figures you can google for. I think you'll find the results aren't very encouraging. I personally don't think there's a huge risk that the robots will lose all your money, but there's every reason to expect they aren't likely to perform better than tr... |
What are support and resistance of a stock? | You should check out existing resources like Investopedia for definitions, and ask questions if there is something you do not understand, instead of asking folks to spit out definitions. A good book for you to read might be Wall Street Words |
Foreign Earned Income Exclusion - Service vs. Product? | Fear tactics posted above, likely by IRS agents. Yes, you qualify based on the residence test. You perform your work outside the US. You gather business data in a foreign country. The income is excluded. |
If I buy a share from myself at a higher price, will that drive the price up so I can sell all my shares the higher price? | Yes it is possible but with a caveat. It is a pattern that can be observed in many lightly traded stocks that usually have a small market cap. I am talking about a stock that trades less than 2,000 shares per day on average. |
Why invest for the long-term rather than buy and sell for quick, big gains? | A lot of people have already explained that your assumptions are the issue, but I'll throw in my 2¢. There are a lot of people who do the opposite of long term investing. It's called high frequency trading. I'd recommend reading the Wikipedia article for more info, but very basically, high frequency traders use progr... |
What will my taxes be as self employed? | Whether you're self-employed or not, knowing exactly how much tax you will pay is not always an easy task. Various actions you can take (e.g., charitable donations, IRA contributions, selling stocks) may increase or reduce your tax liability. One tool I've found useful for estimating federal taxes is the Excel 1040 sp... |
Should I sell my individual stocks and buy a mutual fund | This depends on a lot actually - with the overall being your goals and how much you like risk. Question: What are your fees/commissions for selling? $8.95/trade will wipe out some gains on those trades. (.69% if all are sold with $8.95 commission - not including the commission payed when purchased that should be fact... |
Is there a law or regulation that governs the maximum allowable interest amount that can be charged on credit cards or in agreements where credit is extended? | In Canada section 347 of the Canadian Criminal Code makes it illegal to charge more than 60% annually. Since most Canadian credit card annual interest fee is below this they are within that legal limit. However this is limited only to the rate and not necessarily a cap on the absolute interest charges. |
PayPal wants me to “add a bank account”, another funding source. Credit card isn't working. Why? | I would guess that this is due to the card issuer, not Paypal. Credit card transactions are tagged with a code describing the type of purchase, and some issuers disallow certain types (such as gambling). |
Is it possible to buy commodity ETFs (e.g. silver) through Questrade? | Questrade is a Canada based broker offering US stock exchange transactions as well. It says this right on their homepage. ETFs are traded like stocks, so the answer is yes. Why did you think they only offered funds? |
What happens when the bid and ask are the same? | This question is impossible answer for all markets but there are 2 more possibilities in my experience: |
Will a credit card issuer cancel an account if it never incurs interest? | While technically true, a card issuer can cancel your card for almost any reason they want, it's highly unlikely they'll cancel it because you pay your bills! There are many, many people out there that pay their bills in full every month without ever paying a cent in credit card interest. I wouldn't ever purposefully i... |
Why would people sell a stock below the current price? | This happens on dark pools quite often. If I am a large institutional investor with tens of millions of shares, I may want to unload slowly and limit the adverse affects on the price of the stock. Dark pools offer anonymity and have buyers / sellers that can handle large volume. In the case of a day trader, they often... |
How did Bill Gates actually make his money? | Bill gates is founder of microsoft along with his friend allen.in microsoft as its vast empire increasing the wealth and enormous property of bill gates is increasing |
Why is property investment good if properties de-valuate over time? | Some of the other answers mention this, but I want to highlight it with a personal anecdote. I have a property in a mid-sized college town in the US. Its current worth about what we paid for it 9 years ago. But I don't care at all because I will likely never sell it. That house is worth about $110,000 but rents for $15... |
Calculating Future and Present value into mortgage comparisons | Keep in mind the number of months or years before you break even. You pay money to lower the interest rate, and lower the monthly cost. But it takes a number of months, using your numbers $7,000 to save $160 a month will take ~43 months. That is before figuring in the future or present value. If you sell or refinance t... |
How to acquire skills required for long-term investing? | The key to good investing is you need to understand what you are investing in. That is, if you are buying a company that makes product X, you need to understand that. It is a good idea to buy stock in good companies but that is not sufficient. You need to buy stock in good companies at good prices. That means you need ... |
What is a good way to keep track of your credit card transactions, to reduce likelihood of fraud? | One trick is to make all purchases end in a particular number of your choosing, say "3". From now on, all restaurant meals,gas purchases, and anything in your control, end them in 3. When you glance at the bill, you can skip these charges, and look carefully at the rest. It's not 100%, as you couldn't easily impact sup... |
How to send money across borders physically and inexpensively, but not via cash? | I assume the same criteria apply for this as your previous question. You want to physically transfer in excess of 50,000 USD multiple times a week and you want the transportation mechanism to be instant or very quick. I don't believe there is any option that won't raise serious red flags with the government entities yo... |
Can someone help me understand my student loans? | First to actually answer the question "how long at these rates/payments?"- These is nothing magic or nefarious about what the bank is doing. They add accrued interest and take your payment off the new total. I'd make higher payments to the 8.75% debt until it's gone, $100/mo extra and be done. The first debt, if you ... |
Is it normal for brokers to ask whether I am a beginner? | In Canada, for example, they are expected or required to find out. They call it, The “Know Your Client” rule, part of which is knowing your "Investment knowledge and experience". They say it is, "to ensure their advice is suitable for you". I have always been given that kind of form to fill in, when opening an account. |
What happens if a company I have stock in is bought out? | I've seen many buyouts in my own portfolio, including the company I worked for. There have been several different scenarios: The terms of the deal are subject to the deal -- frankly whatever makes sense to the buyer and that is accepted by the seller. So sometimes brokers charge reorganization fees. check into those ... |
Live in California but work for Illinois-based company | They might be concerned with having to charge sales tax in California if they have a single employee in California, creating a nexus situation with CA. If that's the case, or even if there is some other issue, you might be able to switch from being a W2 employee to being a 1099 independent contractor. There's a host of... |
Should I sell my stocks when the stock hits a 52-week high in order to “Buy Low, Sell High”? | One possibility is to lock in gains by selling, where a selling price can attempt to be optimized by initiating a trailing stop loss order. You'll have to look at the pros and cons of that kind of order to see if it is right for you. Another possibility is to begin hedging with options contracts, if that security is op... |
Should Emergency Funds be Used for Infrequent, but Likely, Expenses? | For me, the emergency fund is meant to cover unexpected, but necessary expenses that I didn't budget for. The emergency fund allows me to pay for these things without going into debt. Let's say that my car breaks down, and I don't have any money in my budget for fixing it. I really need to get my car fixed, so I spen... |
Should I purchase a whole life insurance policy? (I am close to retirement) | There's nothing new about Whole Life Insurance. The agent stands to earn a pretty hefty commission if he can sell it to you. I don't think your assets warrant using it for avoiding the taxes that would be due on a larger estate. I don't see a compelling reason to buy it. |
Facebook buying WhatsApp for 19 Billion. How are existing shareholders affected? | Of course it is a dilution of existing shareholders. When you buy milk in the supermarket - don't you feel your wallet diluted a little? You give some $$$ you get milk in return. You give some shares, you get Watsapp in return. That's why such purchases must go through certain process of approval - board of directors (... |
The doctor didn't charge the health insurance in time, am I liable? | If you read all that paperwork they made you fill out at the emergency room, there is probably something in there explicitly stating that you owe any bills you rack up regardless of what happens with the insurance company. They generally have a disclaimer that filing for you with your insurance company is a courtesy se... |
Is it true that 90% of investors lose their money? | Very likely this refers to trading/speculating on leverage, not investing. Of course, as soon as you put leverage into the equation this perfectly makes sense. 2007-2009 for example, if one bought the $SPX at its highs in 2007 at ~$1560.00 - to the lows from 2009 at ~$683.00 - implicating that with only 2:1 leverage a... |
Credit card interest calculator with grace period & different interest rate calculation methods? | If you want to ensure that you stop paying interest, the best thing to do is to not use the card for a full billing cycle. Calculating credit card interest with precision ahead of time is difficult, as how you use the card both in terms of how much and when is critical. |
When writing a covered call, what's the difference between a “net debit” and a “net credit”? | When you enter into a multi-legged trade where one is a buy and one is a sell, the limit is expressed as either: The gist is that you don't care what each individual piece costs; you only care what the cost of the bundle is. When you put on a buy-write, you are buying stock and selling a (covered) call against that sto... |
Does FHA goes hand in hand with PMI ? | FHA insured loans must 'go hand in hand' with PMI, because the FHA element is the insurance itself. The FHA isn't actually giving you a loan, that's coming from a lender; instead, the FHA is insuring the loan, at some cost to you - but allowing a loan to folks who may not be able to afford it normally (lower down paym... |
Is interest on a personal loan tax deductible? | When you pay interest on a loan used to fund a legitimate investment or business activity, that interest becomes an expense that you can deduct against related income. For example, if you borrowed $10k to buy stocks, you could deduct the interest on that $10k loan from investment gains. In your case, you are borrowing... |
Is it true that the price of diamonds is based on a monopoly? | diamonds are intrinsically worthless this is simply wrong. (1) Diamonds that are sold for anything less than, oh, let's say $5000 at original retail - are indeed utterly, totally, completely worthless. It is simply "one of the great scams". Their real "price" is maybe "five bucks". End of story. There is no secondary m... |
Why do some companies offer 401k retirement plans? | One important thing that hasn't been mentioned here is that the vast majority of companies have eventually eliminated their Company provided Pension Plans and replaced it with a 401K with some degree of matching. There is a cost advantage to doing this as companies no longer have to maintain or work to maintain a 100%... |
Assessed value of my house | It is very simple. You bought the house when prices were near their peak in 2008. Housing prices have dropped considerably since then which was the main cause of the mortgage debacle because people had houses that were worth less than their mortgages. |
When will the 2017 US Federal Tax forms be released? | It's not quite as bad as the comments indicate. Form 1040ES has been available since January (and IME has been similarly for all past years). It mostly uses the prior year (currently 2016) as the basis, but it does have the updated (2017) figures for items that are automatically adjusted for inflation: bracket points (... |
Are TD e-Series Funds worthwhile, or am I better off with ETFs? Why or why not? | TD e-series index funds are great for regular contributions every paycheck since there is no trading commission. The personal finance blog "Canadian Couch Potato" has great examples of what they call "model portfolios" and one consists of entirely TD e-series index funds. Check it out: http://canadiancouchpotato.com... |
Stock options: what happens if I leave a company and then an acquisition is finalized? | Having stock options means that you have worked for and rightfully earned a part of the company's capital appreciation. Takeover of the company would indicate someone is interested in the company (something should be valuable). It would be unwise to not strike before the period lapses since the strike price is always l... |
Why would a company with a bad balance sheet be paying dividends? | One reason a company might choose to pay a dividend is because of the desire of influential stockholders to receive the dividend. In the case of Ford, for example, there are 70 million shares of Class B stock which receive the same dividend per share as do the common stock holders. Even though there are 3.8 billion ... |
Is keeping track of your money and having a budget the same thing? | A budget is a plan for spending money in the future. Tracking spending is only looking at what happened in the past. Many people only track their spending, a proper budget can be key to achieving financial goals. You might earn enough and not spend frivolously enough that you aren't hamstrung by lack of a budget, but ... |
Why is silver so volatile compared to the S&P 500? | The S&P 500 represents a broadly diversified basket of stocks. Silver is a single metal. If all else is equal, more diversification means less volatility. A better comparison would be the S&P 500 vs. a commodities index, or silver vs. some individual stock. |
How much money should I lock up in my savings account? | Firstly well done on building a really sold base of savings. An emergency fund needs to have two key characteristics: Be enough to get you through a typical emergency event (often seen as approx. ~6 months’ salary in your style of situation assuming you have no dependents etc) Be liquid and available to you instantly i... |
How can a freelancer get a credit card? (India) | Typically Banks look for a steady source of income or savings based on which they issue a credit card. If you can't show that build a cash balance and show it. For Example if you have an PPF account with say SBI, they issue you a card with a limit of around 50% of the balance in PPF. No other documentation is required.... |
Can I invest in the housing market via the stock exchange? | You could look into an index fund or ETF that invests primarily in Real Estate Investment Trusts (REIT's). An REIT is any corporation, trust or association that acts as an investment agent specializing in real estate and real estate mortgages Many investment firms offer an index fund or ETF like this. For example, Van... |
Borrowed shares how are they tracked? | Brokerage firms are required to report the number of shares being shorted. This information is reported to the exchange (NYSE of NASDAQ) and is made public. Most financial sites indicate the number of shares being shorted for a particular stock. The image below from Yahoo finance shows 3.29 million shares of CMG wer... |
What should I look at before investing in a start-up? | In addition to evaluating the business (great answer), consider the potential payoff. If bonds pay off in the 5-10% range, the S&P500 has averged 10.5%. You should be expecting a payoff of 15-20% to invest in something riskier than the stock market. That means that if you invest $10k, then in 5 years you'll need to ge... |
Why would someone buy a way out-of-the-money call option that's expiring soon? | The most likely explanation is that the calls are being bought as a part of a spread trade. It doesn't have to be a super complex trade with a bunch of buys or sells. In fact, I bought a far out of the money option this morning in YHOO as a part of a simple vertical spread. Like you said, it wouldn't make sense and w... |
Do I have to pay taxes on income from my website or profits? | I am not an accountant, but I do run a business in the UK and my understanding is that it's a threshold thing, which I believe is £2,500. Assuming you don't currently have to submit self assessment, and your additional income from all sources other than employment (for which you already pay tax) is less than £2,500, yo... |
Advice on strategy for when to sell | Consider trailing stop losses maybe 5% below your profit target, if you want a simplistic answer. |
Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit? | There are a couple of things to consider here that are relevant to your situation: |
Paid cash for a car, but dealer wants to change price | Let me get this straight. I would stand my ground. Your son negotiated in good faith. Either they messed up, or they are dishonest. Either way your son wasn't the one supposed to know all the internal rules. I don't think it matters if they cashed the check or not. I would tell them if they have cashed it, that is even... |
Bank will not accept loose change. Is this legal? | Is this even legal? How can a bank refuse to deposit legal tender in the United States? Legal for all debts, public or private, doesn't mean quite what I used to think, either. Per The Fed: This statute means that all United States money as identified above is a valid and legal offer of payment for debts when tend... |
What does it mean that stocks are “memoryless”? | It reminds me of the Efficient Market Hypothesis, except that just states in its weakest form that the current market price accounts for all information embedded in previous market prices. In other words, people buying today at 42 know it was selling for 40 yesterday, and the patterns and such. To say that stock is mem... |
What do these options trading terms mean? | Can anyone explain what each of them mean and how they're different from each other? When you "buy to open", you are purchasing an option and opening a new position. When you "sell to open", you are creating a brand new options contract and selling it. "Covered" means that you have assets in your account to satisfy the... |
Is there such a thing as a deposit-only bank account? | Legally, no one else can withdraw from your account. If you suspect the direct-deposit websites are making withdrawals, you can monitor your account balance and dispute any transactions that were not made by you. But realistically, any company that did that would soon be out of business and in so much legal trouble tha... |
Does this sound like a great idea regarding being a landlord and starting a real estate empire? | This is a well worn path and not a bad idea. There are quite a few pitfalls but there are a lot of resources to learn for other people's mistakes. Having a plan and doing your research should help you avoid most of them. Here is some general advice to help get you started on the right foot. Know the market you are i... |
Simple loan with a mortage as collateral | Obligatory "Don't do it" remarks: If the guy isn't trusted enough to even show up to work, and can't get a personal loan directly from a bank (Home Equity Line of Credit would suffice), this is really setting things up for failure. What if he quits? What if you need to fire him (you know, for not showing up for weeks)?... |
When (if) I should consider cashing in (selling) shares to realize capital gains? | The only general rule is "If you would buy the stock at its current price, hold and possibly buy. If you wouldn't, sell and buy something you believe in more strongly." Note that this rule applies no matter what the stock is doing. And that it leaves out the hard work of evaluating the stock and making those decisions.... |
Will a credit card issuer cancel an account if it never incurs interest? | Technically, yes but, in practice, no. I use a card for everything and pay it off every month. Sometimes, several times a month depending on how the month is going. In the last 10 years, I've paid a total of $8 in interest because I legitimately forgot to pay my balance before the statement came out when I was out of ... |
When's the best time to sell the stock of a company that is being acquired/sold? | I believe firmly that a bird in the hand is worth two in the bush. Cash your gains out and be happy with your profit. |
Wash sale rule with dividend reinvestment | You sold all shares? The potential wash sale effect goes away after 30 days from the dividend date. Selling all shares of a stock where a wash existed effectively negates the wash and you can take the loss. |
How can you correlate a company stock's performance with overall market performance? | How can you correlate a company stock's performance with overall market performance. No you can't. There is no simple magic formulae that will result in profits. There are quite a few statistical algorithms that specialists have built, that work most of the times. But they are incorrect most of the times as well. |
Is it a good investment for a foreigner to purchase a flat/apartment in China? | More infomation is needed for any meaningful discussion about this. I just assume you want to buy in China mainland, not Hongkong or other places. That depends on where you want to buy the flat. Which city, which district of the city, which community, which school district, how old is the building? Furthermore, alwa... |
What is the best way to save money from inflation and currency devaluation? | Generally speaking, so-called "hard assets" (namely gold or foreign currency), durable goods, or property that produces income is valuable in a situation where a nation's money supply is threatened. Gold is the universal hard asset. If you have access to a decent market, you can buy gold as bullion, coins and jewelry.... |
Are personal finance / money management classes taught in high school, anywhere? | Did a little bit of digging, and found this article, from Staples High School in Westport, Connecticut. Hopefully this will be a growing trend. They say: A personal financial management class will now be offered at the beginning of the upcoming school year (2011-2012). According to the course catalogue, the focus of ... |
Can I prove having savings without giving out the account number? | If you're worried about the account number just take a statement and black out the account number with a Sharpie or the like. That is if the account number even appears on it, these days it often doesn't. |
No-line-of-credit debit card? | Having worked at a financial institution, this is a somewhat simple, two-part solution. 1) The lendor/vendor/financial institution simply turns off the overdraft protection in all its forms. If no funds are available at a pin-presented transaction, the payment is simply declined. No fee, no overdraft, no mess. 2) This ... |
What options do I have at 26 years old, with 1.2 million USD? | This may be a great idea, or a very bad one, or it may simply not be applicable to you, depending on your personal circumstances and interests. The general idea is to avoid passive investments such as stocks and bonds, because they tend to grow by "only" a few percent per year. Instead, invest in things where you will ... |
Is real (physical) money traded during online trading? | This is my two cents (pun intended). It was too long for a comment, so I tried to make it more of an answer. I am no expert with investments or Islam: Anything on a server exists 'physically'. It exists on a hard drive, tape drive, and/or a combination thereof. It is stored as data, which on a hard drive are small ... |
How to shop for mortgage rates ? | Pre-qualification is only a step above what you can do with a rate/payment calculator. They don't check your credit history and credit score; they don't ask for verification of your income; or verify that you have reported your debts correctly. They also don't guarantee the interest rate. But if you answer truthfully,... |
Should I finance rental property or own outright? | To answer some parts of the question which are answerable as-is: Yes, mortgage interest is deductible. So is depreciation. See this question and others. It would be a good idea to put some money away for tax season, just as you should save some money to cover unexpected property expenses. But as @JoeTaxpayer says, this... |
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