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What are the best strategies to give pocketmoney to a kid especially, if you would like to teach them something through this?
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How to give pocketmoney to kids? |
How to use puts, if you are a net buyer of stocks?
I read an article about Warren Buffet buying Burlington Northern stocks and how he used puts to lower the buying price of the shares. Please, explain it to me how can I apply this strategy with my own investments? |
How to use puts in share purchaseing? |
Value investing is an investment approach that relies on buying securities below their intrinsic values. There are tow main concepts; one is the intrinsic value and the other is margin of safety.
The approach was introduced by Benjamin Graham and David Dodd in a book called [Security Analysis][1]in 1934.
Other f... |
My wife and I will be getting an inheritance soon. There are many ways to invest this money. One thought we had was to take advantage of the down real estate market and buy a house for a rental property. We would look for houses at or (preferably) a little below the amount of money we will receive so we can buy it w... |
Should we use an expected inheritance to invest in a rental property with cash, i.e. no mortgage? |
How can put options be used to buy shares at a lower price? |
My credit card says they offer trip interruption insurance as a benefit. But I was only familiar with trip cancellation insurance. Are these the same or different? |
Trip Interruption insurance vs. Trip Cancellation insurance: what's the difference? |
Affinity fraud. You see, Madoff really didn't have to sell himself, people recommended him to their friends.
In a similar way, it's easy once a scammer reels in one sucker to keep him on the hook long enough to get 10 friends to invest as well.
I've written about Mortgage Acceleration scams, and the common thread i... |
Value investing is an investment approach that relies on buying securities below their intrinsic values. There are two main concepts; one is the **Intrinsic Value** and the other is **Margin of Safety**.
**Intrinsic value** is the value of the underlying business - if we are talking about stocks - that can be calcu... |
What does mortgage insurance do? Whom does it protect? Do I need it? MUST I have it, in order to be approved by a bank for a mortgage with them? |
What is mortgage insurance? Do you have to have it, in order to be approved by a bank? |
What are the best strategies to give pocket money / allowance to a kid especially if you would like to teach them something through this, e.g. saving?
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What are the best strategies to give pocket money / allowance to a kid especially if you would like to teach them something through this, e.g. saving money? |
There are some excellent related questions and answers at **[moms4mom.com][1]** on the subject of **children** and **allowances** / pocket money. Check these out:
- [Should I allow my kids to waste their money?][2]
- [Good amount of allowance for a 10-year old?][3]
- [Withholding allowance][4]
[1]: http:/... |
In Canada, how much is income tax reduced by charitable donations?
When filing, are there any special requirements to qualify for the deduction or credit?
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Canadian income tax & charitable donations: How much is income tax reduced by donations? |
In the U.S., how much is income tax reduced by charitable donations?
When filing, are there any special requirements to qualify for the deduction or credit?
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U.S. income tax & charitable donations: How much is income tax reduced by donations? |
I have an FSA and contributed $400 to it. I made this decision in October, thinking that I would need some dental work in the coming here. Two weeks after submitting my form, I chipped the tooth and had it fixed out of pocket. I chipped again this week and had it fixed, but the dentist was nice enough to do it for free... |
What are some good ways to spend FSA money? |
To continue the [theme](http://www.basicallymoney.com/questions/744)...
In the UK, how much is income tax reduced by charitable donations?
When filing, are there any special requirements to qualify for the deduction or credit?
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UK income tax & charitable donations: How much is income tax reduced by donations? |
Co-Pays. I know, with good medical, that's just $10-$20.
Accupuncture, Chiropractic Care (if not paid by your plan)
Eye Exam, often not covered so well.
Eye Glasses. Often far higher than the plan pays.
Over the counter drugs, cold medicine, band-aids, ace bandages, heating pad. Birth control (condoms, foam, spo... |
For online applications such as [Mint][1] and [Quicken (online)][2], to automatically update your accounts, they'll always ask you to enter your login info to your banking and/or investment accounts.
Do you trust giving out these types of personal information, how do you know you can trust them?
<hr />
***Modera... |
Online money management applications: Do you trust Mint.com or Quicken Online, or other personal finance tools online? |
I'm trying to find out about businesses refusing $50 & $100 bills. Aren't they required by law to accept all legal tender? I had one person say it could be that it's not all legal (i.e. a concern for counterfeit currency) – in that case shouldn't it be the stores responsibility to purchase one of those scanning... |
It is legal for a retailer/store or other business to refuse $50 & $100 bills or other legal tender, e.g. pennies? |
I've been considering, but haven't committed myself yet to investing in Exchange Traded Funds (ETF's), but have to admit that I don't yet fully understand the use-case for them.
What factors are relevant in making the decision between investing in mutual funds versus ETFs? For example, in terms of liquidity, tax tre... |
What are the important differences between mutual funds and Exchange Traded Funds? |
When will the United Kingdom switch to using the Euro? The main group of European countries have adopted it as a common currency and it appears this is the future direction. If not, what are the reasons for not adopting? |
When will the U.K. convert to the Euro as an official currency? |
It's scary, because they have my name and address, and if they've pre-approved me, they must have a lot more than that. Am I safe to throw this away as junk mail?
Are these random banks allowed to run credit checks on me for no reason? Does their activity reflect poorly on my credit score, or in any way hinder my... |
I keep receiving letters from banks saying I'm pre-approved for credit. Is this junk mail? Are they allowed to do this? |
When applying for a mortgage, can you also add some extra on (£10k) to cover car finance? Or is there any benefit of keeping them separate? |
When applying for a mortgage, can it also cover outstanding debts? |
Say you have a job, its pretty stable but you want to move on up, so you apply for another one.
You do well at the interview, and are offered the job, so you hand your notice in.
In the last week of your notice, your new place of work decides its now not hiring, so there is no new job to go to, and your old place... |
When changing jobs, how can you protect yourself? |
That really depends on the lender, and in the current climate this is extremely unlikely.
In the past it was possible to get a loan which is higher than the value of the house (deposit considered), usually on the basis that the buyer is going to improve the property (extend, renovate, etc.) and this increase the val... |
Not anytime soon, I suspect, but not necessarily for financial reasons.
I found `[this][1]` interesting, including the link to the five tests, but I think that this topic is only partially judged through financial eyes, there's a lot of political issues around this with national identity/immigration issues already in ... |
Not anytime soon, I suspect, but not necessarily for financial reasons.
I found [this][1] interesting, including the link to the five tests, but I think that this topic is only partially judged through financial eyes, there's a lot of political issues around this with national identity/immigration issues already in th... |
I've been considering, but haven't committed myself yet to investing in Exchange Traded Funds (ETFs), but have to admit that I don't yet fully understand the use-case for them.
What factors are relevant in making the decision between investing in mutual funds versus ETFs? For example, in terms of liquidity, tax trea... |
What are the important differences between mutual funds and Exchange Traded Funds (ETFs)? |
To add to Yossi Dahan's point about the banks pre-screening consider how and where they are obtaining the information. They may base their assumptions on the demographic of the mailing list they are buying. For example if they acquired the information from a telco and they telco sells the information based on whether... |
As a general rule, how much in "liquid" emergency savings should I have? |
In the United States, we have some options to get off these lists. You must provide these places your social security number (which is scary) but it is legit since in the US, your SSN is how they find you.
[http://consumerist.com/2008/03/8-ways-to-opt-out-of-junk-mail-lists.html][1]
[http://www.ehow.co.uk/how_5742... |
This [other question][1] is similar, but was referring to a specific renovation/repair (new flooring) that, while expensive ($1500), isn't *very* expensive – it's feasible to consider saving up for over a short period of time.
So, I'm curious: Imagine one wanted to do a **major** home renovation such as: buil... |
For a major expensive home renovation (e.g. addition, finished basement, or new kitchen) should one pay cash or finance with a loan? Would such a loan be "good" debt? |
[This other question about home renovations][1] makes reference to the concept of "good debt."
Could somebody explain the concepts of **good debt** vs. **bad debt**, providing examples of each?
Are there cases when borrowing for a specific kind of purchase (e.g. a house, or a car, an education) could be conside... |
What is the difference between "good debt" vs. "bad debt"? |
(note I really don't want this to sound argumentative, I'm genuinely interested. The title is simply a follow up to [this question](http://www.basicallymoney.com/questions/759) and [my answer](http://www.basicallymoney.com/questions/783).
To the Canadian users of this site, would you agree that it makes sense for Ca... |
When will Canada convert to the US Dollar as an official currency? |
When will Canada convert to the U.S. Dollar as an official currency? |
What is Alternative Minimum Tax (AMT) in the U.S.? How does Alternative Minimum Tax get calculated?
What conditions are likely to trigger an AMT assessment versus a regular tax assessment?
Are there any useful online calculator tools to help determine if one may be subject to an AMT assessment?
<br>
*Note: T... |
What is Alternative Minimum Tax (AMT) and how does AMT get calculated? [U.S.] |
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 times – and they're usually not the retailer but some shady ... |
Why do companies use mail in rebates? A scam, or is there a way to use them effectively? |
An alarm company I've long since cancelled continues to bill my credit card, year after year, claiming they never received my emailed cancellation. What is available to me through my bank credit card, or by law, to protect me? |
Help! I've cancelled their service, but this company continues to bill my credit card an annual fee. What can I do? |
If someone were to file for (personal) bankruptcy protection from their creditors, is their entire debt wiped clean? And then they have seven years to wait before their credit history no longer reflects this? Surely there must be other downsides, otherwise why aren't more people doing this? |
Aside from having to re-establish credit & credit history, what are downsides to declaring personal bankruptcy? |
Are these loans easy to get if you have enough equity in your current home? Is there any negative connotation associated with getting a second mortgage |
What does the term "second mortgage" mean? Can I easily get one? |
When should I get an LLC for my sidework? |
If I was looking to consolidate some credit card debt and wanted to use a peer to peer lending service, what things do I need to look out for? |
What are some advantages and disadvantages of using a Peer to Peer Lending site? |
*Hi Alex. I've been alerted you're seeking a better answer to this question. ;-) Please accept my apologies for not coming back to this question sooner – it got buried. :-/*
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No, in general you cannot make an early **withdrawal** penalty-free from a 403(b) account to use towards the purchase of a home. W... |
The Federal government gives GST cheques to those who have qualifying incomes. What will happen in Ontario when the taxes merge? |
What will happen to quarterly GST cheques when HST starts in Ontario? |
I've always found those flyers that the schools send home in September contemptible. But maybe I'm the one in the dark...?
If the purpose of life insurance is to replace a wage-earner's income in case of death, why would anyone purchase a policy against their child's life?
And why would schools send these home ... |
Why do people take out life insurance on their children? Should I take out a policy on my child? |
In light of the events in the banking market over the last few years, there have been calls from some quarters for investors to move their money from the larger banks, so they are no longer "too big to fail".
If you withdraw your money from one of the giant banks and move it to a smaller, local bank. Are you at any ... |
What is the risk to me of moving my money to a smaller bank? |
What are the major differences to having your mortgage, credit, savings/chequing accounts with a credit union (or caisse populaire, in Québec) versus just a regular bank?
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What are the benefits and risks of doing your banking through a credit union, versus a bank? What's the difference? |
How can I profit on the [Chinese Real-Estate Bubble][1]?
[1]: http://www.chinaeconomicreview.com/china-eye/2009_08_19/Property_surge_triggers_concern_for_real_estate_bubble_in_China.html |
How can I profit on the Chinese Real-Estate Bubble? |
What is Alternative Minimum Tax (AMT) in the U.S.? How does Alternative Minimum Tax get calculated?
What conditions are likely to trigger an AMT assessment versus a regular tax assessment?
Are there any useful online calculator tools to help determine if one may be subject to an AMT assessment?
<br>
*Note: T... |
What is the PEG ratio? How is the PEG ratio calculated? How is the PEG ratio useful for stock investing? Are higher or lower PEG values better for a stock - and why?
<br>
*Note: This question is a **Bounty FAQ**. More info [here][1].*
[1]: http://www.basicallymoney.com/users/178/bounty-faqs
*(Retag: A... |
What is the PEG ratio? How is the PEG ratio calculated? How is the PEG ratio useful for stock investing? |
A few years ago, my wife and I started an RESP to help us save for my daughter's eventual post-secondary education. We're doing well with it: we take advantage of the maximum government match, and invest the funds in a diversified portfolio of low-cost index-based mutual funds. (We may eventually use ETFs, when the p... |
RESP withdrawals: What are the eligible/qualified education costs or expenses, other than tuition? |
I'm using an online tool that my broker provides for balancing my portfolio according to my investor profile and it breaks down the suggested allocation into the following categories:
- Large Cap Equity
- Small Cap Equity
- International
- **Fixed Income**
- Cash Investments
I always seem to be slig... |
What are some examples of "Fixed Income" investments? |
There have been many studies on the differences in earning-power between men and women. Have similar studies been done for race, religion or sexual orientation? |
The major reason to start an LLC for side work is if you want the additional **personal liability protection** afforded by one. If you're operating as a sole proprietor, you may be exposing yourself to liability: *debts and judgments against your business can put your personal assets at risk!*
So, if you're intendi... |
When should I start an LLC for my side work? |
I recently started a new job and have a 401k from my previous employer that I don't know what to do with. Should I roll it into my new employer's 401k, a traditional IRA or a Roth IRA? |
Rollover 401k to new 401k, IRA or Roth IRA? |
I have a home equity line of credit, for which I have had trouble making large payments against since my career change. I'm wondering if I should be concerned over the interest charges, and if there is anything I can do to improve it? |
Can a Line of Credit be re-financed? Is it like a mortgage, with a term? |
I agree with harmanjd – best to roll it over to an IRA. Not only does that afford you better control of your money as pointed out already, but:
If you choose your IRA provider wisely, you can get an account that provides you with a **much wider array of investing choices**, including funds and ETFs that charg... |
I agree with harmanjd – best to roll it over to an IRA. Not only does that afford you better control of your money as pointed out already, but:
If you choose your IRA provider wisely, you can get an account that provides you with a **much wider array of investing choices**, including funds and ETFs that charg... |
Avoid gold brokers who do business through the mail.
[Video][1]
[Full Article][2]
[1]: http://abcnews.go.com/video/playerindex?id=9633466
[2]: http://abcnews.go.com/GMA/ConsumerNews/cash-gold-legislation-introduced-congress-today/story?id=9597355 |
Surely someone has come up with a spreadsheet or calculator to run comparisons? |
Is there an easy way to compare store or credit card loyalty programs? How can I tell which is best? |
[http://www.cardweb.com/][1] and [http://www.bankrate.com/credit-cards.aspx][2] are both good sites to see what is available. However comparing them isn't a simple task because the best card for you depends what you desire most.
I do a very simple math equation though when I am comparing bonuses: which has the bigg... |
You have made the most important first step by starting to think about your money, **well done**.
**Firstly pay of all credit cards as quickly as the can and start to live within your means**. Until you have paid of your credits cards don’t spend any money of unnecessary items, e.g.
- Take a pack lunch to work
... |
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