Every time I see a picture of ECB president Mario Draghi
in the newspaper, I feel a small flicker of recognition. It's starting to drive me bananas. Who does he look like? Google image link here
posted by rollick
on Mar 7, 2014 -
Does anyone know the skinny on CU Community, a credit union lender based in Springfield, MO?
posted by mmiddle
on Mar 6, 2014 -
My mother still gets her bank statements by paper mail. Her latest one failed to be delivered for 2 weeks now, and she verified the bank mailed it, so we assume it was delivered by the mail carrier to the wrong address, or dropped, or something. Nothing has happened yet, but it seems best to guard against the worst-case scenario, namely that someone else now has her home address, bank address, all account numbers (including retirement accounts), possibly other identifying information, and has the willingness to exploit it. What are the prudent steps we should take? [more inside]
posted by StrawberryPie
on Feb 25, 2014 -
MeFites have always been pretty good at giving basic financial advice, like how to start saving, building a budget, getting out of debt, etc. I'm there already. I find myself in the surprising situation of being comfortable these days, and I'd like to know: what's next? [more inside]
posted by anonymous
on Feb 20, 2014 -
I would like to finally start saving for retirement! I'm thinking a Roth IRA is the way to go (unless you think otherwise and can tell me why), but I am a little confused/overwhelmed with how to proceed. A few snowflakes inside. [more inside]
posted by likeatoaster
on Feb 20, 2014 -
Okay, this may well be a false choice but I'm trying to sort this out in my mind -- I see two roads ahead of us, one in which we stay where we are currently living -- an underwater house in good shape in a middling-to-poor neighborhood (but with adjacent nicer amenities) -- which is affordable and where we are making enough money to save for all the things we need to save for (retirement, college, cash savings, etc.). OR, we can buy our way into a nicer neighborhood and school district, keeping this house as a rental. Right now my husband and I are both working at well-paying jobs and our 3-year-old is in full-time daycare. My goal, when she starts kindergarten in 3 years, is to work 3/4 or less time, so that I am home with her after school and do to this for the rest of her school years. [more inside]
posted by amanda
on Feb 15, 2014 -
I need to learn about financial instruments and trading at an intermediate level. I have a basic, 101-type understanding of how CDOs and CDS-es work and what hedging is, but I need to get to the next level, because I'm still getting lost in conversations where people are talking about complex synthetic CDO strategies, delta hedging, correlation trading, ABCP, and similar topics.
Is there a book I can read, a course I can take online, anything you can recommend I do to start getting much more comfortable with this securities stuff at a high level? Thanks in advance for your help!
posted by prefpara
on Feb 13, 2014 -
Can a freelance / self-employed person (filing Schedule C) deduct from her taxes the cost of business travel (airfare, lodging) that she was later reimbursed for? [more inside]
posted by toomuchkatherine
on Feb 9, 2014 -
I have been paying $100/mo. for several years now for long-term care insurance with a carrier that is as good a bet as any in the market. But that is a big hit in my budget, and will be even bigger when I retire in a couple of years. It's kind of early in the overall history of this kind of insurance to be drawing conclusions from gathered data, but worst case, it could be just another corporate sleight-of-hand deal for sucking money out of the paycheck-to-paycheck crowd. I can not rely on family as an alternative strategy; I am in fairly good health so far. Should I consider this an essential expense?
posted by mmiddle
on Jan 27, 2014 -
For the first time in my life I'm actually making decent money! How do I balance spending and saving? [more inside]
posted by masters2010
on Jan 26, 2014 -
I’m a 25 year old female and have been going through a lot of depression over the past year, mostly in the areas of finance and romance. [more inside]
posted by summertimesadness1988
on Jan 25, 2014 -
Every month my company sells roughly $15,000 worth of monthly recurring revenue contracts with five year term lengths. The service sells for $1,000 per month so every month we sign on 15 new customers.
$15,000 * 12months * 5 years = $900,000 (total contract revenue for all 15 contracts sold during the month)
We've maxed out our borrowing on physical assets held by the company and I need to find a way to unlock these revenue streams to use as collateral for further growth.
What's the best way to do this? I would prefer to not have to go to every customer and amend their contracts in any way.
posted by Paalen
on Jan 24, 2014 -
My dad-in-law and his wife are getting ready to chunk out the $ to move into a retirement place. I'm looking for input about these kind of "all inclusive" retirement places, their financial setups, and possible alternatives for them. [more inside]
posted by ecorrocio
on Jan 18, 2014 -
I need to sign up for a new credit card and am looking for one that is as socially/environmentally responsible as possible (i.e. not tied to big banks, corporations and/or oil companies who would be profiting off me as a consumer and doing bad things with that profit). Does such a card exist? I've searched online but am wary of bias.
posted by athousandtelephones
on Dec 29, 2013 -
My in-laws in South Carolina, who don't have a stellar history with money, are facing some challenges that are really restricting their circumstances. They're not against cleaning up their act in terms of budgeting and being smarter about money, but don't really have a head for it. What's the best way to help from a distance? [more inside]
posted by Shepherd
on Dec 5, 2013 -
My credit is good. My loan on my new-last-year Toyota Yaris is awful; the interest rate is absurdly high. My credit union, who issued the loan, doesn't want to help. How do I find the best rate I can get on a refinance? [more inside]
posted by drjimmy11
on Nov 25, 2013 -
A very close and dear friend of mine passed away a few days ago at a very young age and left behind a wife and 2 very young children ages 3 and 1. I would like to set up an investment fund for his children in his memory which people can donate to and will accrue interest until they are ready for college. To increase the chances people will donate I want it to be possible to use paypal or google wallet. I know nothing about finance or laws or any of the things that I imagine come with setting this up. Can anyone advise? Thanks in advance
posted by postergeist
on Nov 12, 2013 -
I'm a huge fan of Twitter and surprised how quickly they're going to IPO from the announcement just a few weeks ago (the IPO is supposed to happen tomorrow). I have no idea where to start, when to try and do this, how the process works for a layman. Is there any easy way to buy a couple hundred shares of the stock on the first day? [more inside]
posted by mathowie
on Nov 6, 2013 -
I am a 29 year old American expat, living and working abroad in BRICs for nearly 6 years now, who needs help in getting my financial act together. Due to limitations of my company- I have not been able to contribute to a 401(k) for at least five years now, and in the last few years my salary has exceeded $135k/year, so I can't even contribute to a Roth IRA. As far as I can understand, there isn't really anything more in the basic United States system for retirement that I can take advantage of… so now what? Am I really on my own now? Are there any websites with info geared towards this? Or should I get a financial/wealth planner? Or an "expat" tax accountant? Or both? How do I even start to find one? I have no idea what to look for! [more inside]
posted by anonymous
on Nov 5, 2013 -
My mother is in between work right now, with very sporradic temp gigs that don't pay enough. I think she needs to talk with a bankruptcy attorney, but she's ashamed and intimidated. I'd like to help her by giving her actual referrals. Difficulty: I'm long-distance from her. She is located in Lynchburg, VA.
General advice would also be welcome--for example, how long might she be able to drag out the foreclosure and still live in her home? Details inside! [more inside]
posted by anonymous
on Oct 31, 2013 -
I'm seeking as many opinions as I can get from people with knowledge of financial advising and/or trusts & estates and/or estate planning, about what my parents (in their 80s) ought to do with their $250,000 in liquid assets. I'm NOT looking for the kind of detailed plan we'd get from an advisor whom we hire; I'm looking for short, quite general, common sense answers (such as "These ONE OR TWO types of instruments are good/bad; all others are to be avoided/considered.") I'm also looking for as many answers as I can get. In order to get that assortment of answers, I want to disclose only a very few specific things about the folks: 1. they currently rent an apartment; they do not own a home. 2. they are in their 80s--relatively healthy and can drive, shop, take care of themselves, but I'm not sure how long that'll last. I'd like to see them in a retirement community within a couple years. 3. Their only income (which doesn't amount to much) is social security. 4. They lose about $2,100 in total expenses every month. That's just about equal to what they take in each month. 5. Their one and only significant asset is a liquid $250,000. Okay, at their age, and considering all the above, WHAT IS/ARE THE MOST PRACTICAL THING(s) THEY SHOULD DO WITH THAT LUMP OF LIQUID MONEY? THANK YOU from their worried adult child with a family of my own!
posted by losdavos
on Oct 24, 2013 -
I have a bunch of money I've been wanting to dump into a low-fee index fund all year. (It's my retirement account.) I've been holding off because of the whole budget/debt ceiling business that's been going on all year. It looks like events will be coming to a head this week. If the market totally craters, would that be a good time to buy? [more inside]
posted by evil otto
on Oct 13, 2013 -
Tell me about switching from a career in finance to a career in tech. Lots of special snowflake details inside. [more inside]
posted by prunes
on Oct 5, 2013 -
Please confirm or otherwise guide me about the distinction between a principal and interest versus an interest only home loan, in the important context of 100% offset. [more inside]
posted by wilful
on Oct 2, 2013 -
At the airport a while back, I stumbled onto this book written I think by the people at MSN Finance. The book was called something like "Do this or that?" and the arrangement was as follows. A question was posed such as "Should I rent or stay with my parents to save on rent?" and two colorful pages were devoted to explaining which option was better. Another such question was "Should I rent or buy" as well as "Should I pay monthly for a gym membership or pay everything at all once." Its structure was similar to what one saw in those "Eat This Not That Books" that are so popular among dieters. The book I am talking about is fairly new and probably pretty popular as it was one of the titles at this airport I visited a month ago. The book was in hardback and had lots of colorful pictures.
posted by RapcityinBlue
on Sep 23, 2013 -
Changes in my career over the last couple of years have meant that I now find myself, for the first time, being in the position of having a significant amount of spare income at my disposal. Since I have recently entered my forties I plan to invest this in the financial markets, with a initial 15-20 year timescale in mind. I am looking at investing something like $1000 per month into a managed plan split over several funds.
Given that I am a total newbie when it comes to investing, what advice can people give me on splitting my pot of money across low to high risk? What are classic first-time investor mistakes?
I am currently thinking about something like 90% of my investment split across low to medium risk, with the rest reserved for high risk. Does that sound reasonable? Would I be shooting myself in the foot if all of my pots were in the same currency in the same geographic location or should I diversify as much as possible? [more inside]
posted by teselecta
on Sep 16, 2013 -
In aug and this first week of sept, I have managed to pay three of my four cards off completely. I kept the highest balance the one because of it's age and it's the lowest %. So, now I have a credit card and a mortgage. Was paying them off a good idea? I applied for a starwood Amex and got denied. I understand it was too early but when will I see a jump in my credit and will I? I paid about 10k at average of 22%. It is a huge huge deal for me!
posted by femmme
on Sep 12, 2013 -
How would I go about finding a failing business/company in real life for a homework assignment? Bonus points if it is in the area of fashion or crafting. It cannot be in the air travel or auto industries. I have done a lot of looking online, but don't know where to look to identify said businesses.
posted by michellenoel
on Sep 11, 2013 -
Quicken has always been overly complex for our needs. We have very
basic financial management needs. First priority: import 10 years of spending history in Quicken and continue to categorize, track and report on all transactions from a half dozen accounts. Last priority: budgeting (so YNAB may not be for us?). Simple is better. [more inside]
posted by AnOrigamiLife
on Sep 6, 2013 -
Is it possible to see a professional who is kind of a cross between a financial advisor and a therapist? I've spent my life getting deeper in debt and I can't bear it anymore but I feel I need not just practical help but to understand why and sort out my head. I'm an intelligent person with a good job but I'm broke and stressed every month and no matter what I try it just gets worse... I am in the UK.
posted by KateViolet
on Aug 31, 2013 -
My mother endured injuries while working for the post office that left her mostly immobile. She was eligible to retire early due to these injuries. She sued her doctors and they agreed on a settlement of 475,000 (Before misc fees and deductions). I believe its for lost wages. [more inside]
posted by Highest_Of_Fives
on Aug 29, 2013 -
My mother has asked me to help her with setting up a trust for some assets. I get that I should contact a lawyer, but where should that lawyer be based? [more inside]
posted by doctord
on Aug 23, 2013 -
Lately I've been thinking I should apply for a few more credit cards in order to take advantage of points, cash back, and other bonuses. Assuming I am not currently in debt, I already own a home and don't foresee needing any loans in the near future, and assuming I pay my bill every month, is there a downside to doing this? [more inside]
posted by bondcliff
on Aug 20, 2013 -
I've recently acquired a small sum of money and I'd like to put it somewhere where I can't touch it, except in emergencies. It's not a massive amount, but its more than I usually have on hand and I'd rather not squander it. If I just leave it in my bank account I know I'll end up using it up. Where can I put it so that its aavailable in emergencies but is still hard to access? If it gains interest that would also be good. I'm in Australia.
posted by Charlemagne In Sweatpants
on Aug 20, 2013 -
I’m looking for a money management app for Mac that also syncs with iPhone. What do you use and why? (I’ve looked here on Metafilter and found little to nothing that’s recent). [more inside]
posted by brokeaspoke
on Aug 15, 2013 -
Help a business-illiterate engineer formulate an approach for evaluating an exciting business/career opportunity. [more inside]
posted by myriad gantry
on Aug 14, 2013 -
How shall I decide what to do with an inherited property I have neither inclination nor time to administer myself, but don't need to sell and recognize it could be good if it stayed good to maintain it as a rental? [more inside]
posted by jet_silver
on Aug 13, 2013 -
What are the pros and cons of self-financing the sale of my house to the tenants? They are excellent tenants and love the house, would buy it except that their credit is wrecked from husband not paying taxes. As I understand it, if they pay me a down payment, I would transfer title to them in exchange for a promissory note for the balance of my mortgage, and they would continue to pay me monthly, payments which I continue to turn over to the mortgagor bank. [more inside]
posted by mmiddle
on Jun 21, 2013 -
I wasn't selected for military officer training school. Help me design my Plan B/In the Meantime career while I apply again. [more inside]
posted by mannermode
on Jun 16, 2013 -
As a small non-profit how should we be making and accounting for bank deposits? [more inside]
posted by Raddu
on Jun 11, 2013 -
So, I feel like a weirdo because I've discovered that though my husband and I, who are recently married, still keep many of our finances separate, most other couples combine everything. Friends who I've discussed this with think it's strange that I am paying off my own student loans instead of it coming out of both our incomes. I think combining everything is a little strange and uncomfortable, and I feel like I should be responsible for my own debt. Are we going about things completely the wrong way? [more inside]
posted by emily37
on Jun 11, 2013 -
Is there such thing as a financial coach for someone in a low-middle income level? If so, where can I find this person? [more inside]
posted by latkes
on Jun 5, 2013 -
I was issued a check from my old company's pension plan. Apparently it needs to go into a retirement account. Can you help me understand my investment options? [more inside]
posted by karizma
on Jun 5, 2013 -
Trying to run some value-investing analyses, and running into a huge roadblock.
I want to extract SEC filings (via the EDGAR database) on a daily basis and have the data inserted into a MySQL database. I'm basically looking at forms 10-Q, 10-k, DEF-14a, and forms 3, 4, and 5. After the initial set-up, I'd only need to d/l forms that have changed (via change of timestamp, I'm assuming). [more inside]
posted by NYC-BB
on Jun 4, 2013 -
I am looking for sites that can grab quotes from multiple renters and auto insurers.
Its tedious to enter all the information into multiple sites.
Could you recommend a few websites? At this time I am looking to get renters insurance but thought I would find out about auto as well.
posted by r2d2
on Jun 2, 2013 -
I want to understand retirement savings and long-term investment products. Who do I want to speak with and how I find them? (Some relevant details inside.) [more inside]
posted by Kurichina
on May 31, 2013 -
I've been considering using Kickstarter to fund a book project, but I'm confused by the model, which seems to fund production of the end product but not investment in its creation. [more inside]
posted by futility closet
on May 31, 2013 -
My bipolar father will go on crazy consumer debt fueled sprees of spending / gambling. What can we do on a severely limited budget to ensure he doesn't end up homeless or otherwise in major trouble? [more inside]
posted by anonymous
on May 28, 2013 -