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Personal Finance & Money : Recent Questions and Answers (Page 176)

Find answers to your questions about Personal Finance & Money or help others by answering their Personal Finance & Money questions.

Interest: what is the most strategic time to make a purchase: just before or just after the statement comes out?

In order to pay a lower interest rate on my credit card balance; is it better to make a purchase just BEFORE the statement cycle ends and the next one...

Asked on 05/31/2021 by William F. Nappi

5 answer

Are individuals allowed to use accrual based accounting for federal income tax?

Does the IRS allow individuals (not a business) to account for their income on an accrual basis rather than a cash basis for the purpose of paying personal Federal income...

Asked on 05/31/2021

1 answer

Money Flow index (MFI) and deciding when money flow is positive or negative?

I was recently looking at the calculation for MFI - the money flow index. The calculation is as follows (From Stockcharts): * 1. Typical Price =...

Asked on 05/31/2021

1 answer

How to actually invest in an index fund?

I'd like to invest in an index fund. Let's say I am able to read and understand the various documents that each fund provides, so that I can make an...

Asked on 05/31/2021 by Svalorzen

3 answer

Why a large proportion of a bank’s balance sheet would fall into either Current Assset or Liabilities, while defining Working Captial?

In "Valuing Financial Service Firms" by Aswath Damodaran he wroteWith working capital, we run into a different problem. If we define working capital as the difference between current assets and...

Asked on 05/31/2021 by CrownedEagle

0 answer

Is a checking account in the negative still an asset?

If I have a checking and a credit-card accounts, the first will be considered an asset, and the second a liability. What happens if the checking account balance is negative...

Asked on 05/31/2021

3 answer

Limit order matching - same time

Given these two orders with the same size:Buy x for 20Sell x for 15What price are they matched/should they be matched if we have no time priority? Are...

Asked on 05/30/2021 by kn1g

0 answer

What would happen to the price of a high-demand, no-supply asset once liquidity reaches 0?

If there was an asset with a fixed supply and ever increasing demand, what would happen to its price once all holders of said asset refused to sell? Obviously this...

Asked on 05/30/2021

3 answer

My account was charged for not maintaining the minimum balance. What should I do next?

I had a salary account in a nationalized bank for my two months of summer internship and then it got converted to a savings account. The minimum balance (monthly average...

Asked on 05/30/2021 by aarti patil

2 answer

When should I pay off charges on credit card if my main concerns are reward points and credit score?

I am starting the process of paying my bills with my Chase credit card. I do not want to carry a balance from month to month. Which option is better?Option...

Asked on 05/30/2021 by H Far

6 answer

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