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1500 questions
28
votes
8 answers
Why does car insurance also insure for injuries rather than only insuring the car itself?
At the very least here in British Columbia car insurance is very expensive because of substantial payments towards injury and rehabilitation compensation. To me this doesn't make much sense, as in theory car insurance and disability/health insurance…
JonathanReez
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27
votes
6 answers
Umlaut Character in Account Holder Name (German Bank)
I sent a payment through international bank transfer to Germany. But, the account holder name has special characters like ö, ä, ü, and etc. In my case, it's ü.
Is there any other words that are equivalent with ü (read: u with umlaut), that in some…
samuel christian
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27
votes
1 answer
Estate with negative net worth
If someone dies with a negative net worth, what happens to the bills and debts that they leave behind? If I am the next of kin, or if I am the estate administrator, am I responsible for the debts?
Assume for the sake of this hypothetical question…
ChrisInEdmonton
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27
votes
7 answers
Where to start with personal finance?
I am married with kids and starting to look hard at savings for retirement, buying a house and sending my kid to college (still a LONG way away).
However, I am completely new to the world of finance and I am wondering where to start. I am thinking…
Josh
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27
votes
2 answers
Why did I lose 2 cents more than the difference in the stock prices on my Robinhood trade?
I don't understand how stocks work but I'm hoping someone can explain it to me given my short example here.
So on Monday, I purchased 2 stocks priced at $2.50 each, using an app on iOS called Robinhood. It advertises itself as the first free stock…
hack3rfx
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27
votes
6 answers
Does borrowing from my 401(k) make sense in my specific circumstance?
I know the standard answer and understand that I will be losing out on that compound interest, but I am young and only need to borrow a few thousand. here are some more details:
Need to borrow $6500 to pay off a car and two student loans…
J. Tate
- 443
- 4
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27
votes
5 answers
Multiple loans, multiple payers - how to snowball fairly
My brother and I both have a large sum of student loan debt. I have more than he does and my interest rates are slightly larger as well. We are both attempting to snowball our debt separately. It occurred to me that we may be able to accelerate…
stu
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27
votes
4 answers
$7300 medical billing error reported to credit agencies
I opened up a Credit Karma account and noticed a collection in the amount of $7368. It was originated from Eisenhower Medical center. So I called Eisenhower to inquire and after 45 minutes on the phone, Eisenhower billing department had stated she…
Mere Hultz
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27
votes
8 answers
Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively?
Why do companies use mail in rebates? Are they a scam or is there a way to use them without getting shafted?
I've used mail in rebates before but it seems like a gamble – half the time I end up having to call a "rebate processing centre" a few…
Chris W. Rea
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27
votes
2 answers
Why does it take 3 days to do electronic transfers between banks?
It seems like electronic transfers can take 2 - 3 days to complete. For example, when I ask my online broker to transfer money from my checking account, the money won't actually be available to trade with until the third business day.
Why is this?…
EJoshuaS - Stand with Ukraine
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27
votes
7 answers
Importance of liquidity in emergency fund?
I know standard rules of thumb are that it is a good idea to have a liquid emergency fund of between of anywhere from 3-8 months of expenses (depending upon the source). How important is liquidity for such a fund? I recognize it makes sense to…
Michael McGowan
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27
votes
11 answers
Is there any financial benefit to being paid bi-weekly over monthly?
I have read in many sources that it's generally better for an employee to be paid bi-weekly than monthly. I have been performing some calculations and can't see the benefit to this.
Say I was on a $100,000 salary. Let's assume a tax rate of 0% for…
LeopardSkinPillBoxHat
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27
votes
10 answers
Is the stock market a zero-sum game?
In the stock market, over both the short and long-term, does someone necessary need to lose in order for someone else to make a profit? If not, then more fundamentally does something — in the most abstract sense — need to lose value in order for…
TheEnvironmentalist
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27
votes
4 answers
What is the meaning of "short selling" or "going short" a stock?
Can someone please explain the meaning of 'shorting' a stock with an example?
Amir
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27
votes
5 answers
My father has passed away and I want to buy his home
My father has passed away and I want to buy his home. There is no mortgage left and I will be paying off my sister half of the house value. Do I need to get a new mortgage?
paula
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