I recently quit my job and started another, with my termination date unfortunately a day before the company purchases shares for an ESPP. So I now have a good chunk of money originally set aside for investing in my (now former) company. Any suggestions what I should do with it? Single-stocks, mutual funds, robo-advisors (e.g. Wealthfront), Roth IRA, index funds? About me: I'm 29, single male, renting, no loans or debts, and make a decent salary as a Silicon Valley medical device engineer, so I'm not pressed for cash or anything and are more open to risk. No need for specifics, just some ideas.
What should I do with a not insignificant amount of money that is sitting in an account in a different country? [more inside]
As an avid watcher of Shark Tank, I always hear phrases like "it is a so-and-so dollar industry" and "company x owns so-and-so percentage of the market" thrown around. Where can I find this type of information laid out in a layman-friendly way?
I just closed on a cash-out refinance to pay for a home renovation. I have a $100,000 check--what do I do with it? [more inside]
I am buying a condo / loft in the Atlanta area. I am in the first 1/3 of my due diligence period, and I have questions about appraisals. [more inside]
I'm rich. Am I rich enough to live in the Bay Area? [more inside]
I'm looking for good sources of basic-ish information on the global financial crisis of 2008, i.e., what caused it and what the short- and long-term aftereffects were. I'm also looking for one specific video I saw around that time. [more inside]
After 2 years of asking my husband finally got around to trying to move the funds from an old 401k & rolling them over into his current 401k. Unfortunately mistakes were made & instead of simply having the money transferred from one account to another he closed the old account & withdrew all the money. Now it appears we are going to take a tax + 20% penalty hit on the amount. Is there anyway to get the money into his current 401k without losing money? [more inside]
Since I recently moved back into the parental home and started a full time job that I love, I'm finally in a position to save some money. According to the news, the housing market is starting to cool, so I'm considering saving up for a house. But is there actually any way that I would be able to manage this in my situation? Details inside. [more inside]
Who do I contact for specific financial advice for seniors? [more inside]
Some close, older relatives make terrible financial decisions, and are unwilling to stop. My wife and I are liable to wind up financially responsible for them when the money runs out in a few years. How can we wash our hands of this situation (or can we)? [more inside]
We're saving for a wedding and paying down debt and trying not to go crazy in the process. Any advice? [more inside]
I'm in Washington State with a Premera Blue Cross HSA HDHP. I'm maybe, finally, in a position to start funding an actual health savings account, not just pay my household's premiums (~$400/mo for two people) and treat my insurance as a lame catastrophic plan. I'm having trouble finding a good account provider, though, and would like some recommendations. [more inside]
Should I put a 300K cash windfall into buying my first home, or into a Vanguard fund to generate interest? Details inside. [more inside]
I am in my late twenties and beginning to realize I don't understand how credit cards work and that they kind of matter. [more inside]
So the issue is this: I would like some ideas about how an organisation helping children by educating them, making them do sports, etc. can obtain money for the electricity, food, maintenance. [more inside]
How can I make my personal finances as green and as socially responsible as possible? (Other than by donating to causes.) [more inside]
Where can a non-finance person go to learn about domestic and foreign sovereign debt in Hong Kong? [more inside]
Time to move out, my friends. I realized I'm being threatened to be disowned again. However, unlike the other times I think the other person might be serious this time around. So tell me about all the resources needed and how fast can I leave? [more inside]
If I have to pay back a signing bonus because I didn't stay at the job for a full year, is there any way to recover the taxes I paid on the signing bonus? [more inside]
Wondering if you could help with a risk-benefit analysis of lowering the amount of insurance on my car. I still owe money on it, but I could potentially pay it off and then save money on my insurance. BUT is the insurance good to have anyway? [more inside]
I'm looking for an iPhone App to track my spending, NOT budgeting. My salary is automatically split via direct deposit, so that most of it goes into a different account used to pay bills with the spouse. What's needed is an App to track the money in my personal account, which is used mostly for fun stuff, with a few minor things like gas or reccurring payments for Netflix, website hosting etc. Specific features are below the cut! [more inside]
I want to become literate in two of the major fields that are the most foreign to me, business and finance or economics. Can you help with book or website recommendations? [more inside]
I'm a french citizen, I've lived in the US for the past 10 months (leaving in a month) and I have ~10k on my savings account. What should I do with the money? [more inside]
What kind of financial planner do we want? I was referred to a financial planned by someone trusted but he's the kind that takes a percentage of your money each quarter and moves it around. This made me nervous. What options are there? [more inside]
I'm trying to compare the compounded losses due to inflation to non-compounded profits. E.g. if inflation makes me lose 3% of an investment each year, what % would I need to profit each year in order to exactly keep up? This is tricky because the profit is not compounded the way inflation is. I'm not looking for an answer to this specific question, but rather, looking for a tool or method to do this kind of math. [more inside]
I have just found out that I will be inheriting $10,000. I want to maximize whatever I do with it, but I am not sure where to start... [more inside]
There are lots of interesting SF&F economic systems that are without money -- post-scarcity AI-nano cornucopias, magic subsistence economies, etc. For those who imagine worlds that still have money, though, what are the most interesting speculative monetary/currency/financial systems? (Please feel free to mention the obvious-to-you, as I've got big gaps in my SF&F reading and watching.) Thanks! [more inside]
Manilla is closing, and I'm heartbroken. This app takes care of all of my accounts. Credit union, bank, investments, credit cards, amazon card (which mint can't do), auto loan, mortgage, utilities, subscriptions, everything! So I need a replacement. [more inside]
There has been a lot of talk about an imminent financial markets bubble and I find that I am heavily invested in the S&P500 through an IRA (rolled over from a 401K after I was laid off). I also have a relatively small amount invested through a standard brokerage account, but the majority is in the IRA. I don't know jack about sigma events or black swans, but I can recognize when the chatter is starting to form a cohesive message. I also know that I have a ton more exposure now than in 2009. In fact, the post crash boom years have been quite good to me. My question is obviously, is there a proven strategy to protect against a coming financial crash? At what point do I pull the trigger and put everything into bonds? Is there a hedge against a collapse? My fantasy is that I pick the right time to pull everything and then clean up post crash on rock bottom blue chip stocks. [more inside]
My family's income has just increased, and we're having trouble choosing between financial priorities. Advice? [more inside]
Need help deciding what to do with my investment finances, including rolling over my prior Co. 401k rollover. I hold 2 401ks, 1 Roth IRA and I'm planning maybe on an index Fund. Details inside! [more inside]
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]
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]
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]
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. Thanks!
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]
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!
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.
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]
Is attending a graduate school of banking worthwhile? [more inside]
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]
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]
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. Thanks
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]
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]
So I got engaged and bought a house with my fiancee. We lived together for a couple of years but it did not go well and she moved out. So I'd like to keep the house but do that I'll need to get her off the mortgage and off the deed. [more inside]
I'd like a resource, be it a website, blog, book, etc. for learning about money, such as explaining inflation, compound interest, types of savings accounts, etc. I'm basically trying to learn how money works. Thanks. :)
I am a "mature" student, studying at a university part time while working full time. I just learned that I qualify for a Stafford loan of about $7400. I don't need the loan to pay for classes because of my work income, but it occurred to me that I could take the loan, use it to pay off credit card debt I carry at a rate of interest more than 5 points higher than the Stafford loan rate, and then pay the Stafford loan off early. Essentially, debt consolidation using this federal loan. My questions: is this kosher? Is it wise? What I might not be thinknig about.