Tag: credit

‘She is a financial idiot and partier’: I loaned my sister $4,780 for a lawyer during her divorce. I am still chasing repayments

Two years ago, my sister called me from a divorce-settlement meeting without a lawyer. Her soon-to-be ex-spouse had a lawyer there. She was being pressured...

Bitcoin may replace bonds, Cathie Wood says

Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest’s Cathie Wood said...

A new wave of fearless retail investors could be ready to pour $170 billion into stocks, says Deutsche Bank

Driving the stock market from pandemic lows, a new crop of younger, aggressive retail investors are poised to place more bets on equities, including any...

Need to report bitcoin trades on your taxes? Here are 5 things to know first

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That...

Bitcoin’s 2021 rally is minting thousands of crypto ‘diamond hands’ millionaires

The recent rise of bitcoin toward all-time highs is creating millionaires, on paper, at a fairly rapid clip, according to data from BitInfoCharts. At last...

Stock market set for skid lower ahead of testimony by Fed’s Powell on economy

Stock-index futures were mostly lower Tuesday, with tech shares continuing to lead the way down, as investors monitored a sharp rise in bond yields and...

I’m 28, have zero debt, a 401(k), Roth IRA and $45K in the bank. My parents want me to save for a home. I want a Tesla Model 3. Who’s right?

Dear Quentin, I’ve been flip-flopping back and forth between buying a new car or putting a down payment on my first home. With my parents...

Philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000

He’s not buying what America’s billionaires are selling. The CEO known for increasing his employees’ base pay to $70,000 says wealthy people donating their money...

Is bitcoin headed to $100,000 in 2021 or is its price ‘unsustainable’?

Bitcoin prices were carving out fresh records Wednesday but where the cryptocurrency heads from here is an open question. A single bitcoin BTCUSD, +2.31% hit...

Our housekeeper does not work when we’re at home due to COVID-19. We still pay her. Could we treat those payments as a ‘gift’ to reduce her income tax?

Dear Moneyist, Due to the 2020 global pandemic my wife and I have been concerned about indoor exposure to others. We are fortunate enough that...

My wife has homeschooled our son and our best friends’ son since September due to COVID-19. Is it too late to bring up money?

My wife and I have a 7-year-old son who would normally be attending the public-school system this year. However, for a variety of reasons mostly...

6 rules for buying your first car

This article is reprinted by permission from NerdWallet.  Recently I helped a family friend buy her first car. It reminded me what an overwhelming and...

‘My husband has burned through all of our finances. If we divorce, I don’t want him to get one penny.’ How can I protect myself?

Dear Quentin, I live in New Jersey, which is a community property state. My husband and I have had a very rocky relationship and are...

My boyfriend, 9 years my junior, does not want to move out of my home should I die before him. My adult children are not amused

Dear Quentin, I am a 49-year-old woman with four adult children aged 19 to 29. I bought my home in 1998 as a single mother...

Europe joins Wall Street’s boom in ‘blank-check’ companies

It’s the monster trend on Wall Street. Now it’s crossed the Atlantic. LVMH MC, -0.34% founder Bernard Arnault and former UniCredit UCG, -0.09% chief Jean-Pierre...

My wealthy fiancée wants me to accept standard-of-living costs should we divorce. I’m a proud veteran and won’t accept more than $50,000. Who’s right?

Dear Quentin, I am planning on marrying someone who has a substantial amount of money. I do not have much. I own my home, have...

‘I am held hostage in my own home’: My husband’s son lives with us. He is physically abusive and menacing

I am married, but my home is in my name only. When I bought it in 2010, I was the only one eligible to apply...

Turned 60 last year? Social Security has an unpleasant surprise for you

Future Social Security benefits could drop for people who turned 60 in 2020, analysts said, but the extent of the decline is still unknown.  There...

Did you skip mortgage payments last year? Here’s what that means for your taxes

Amid the economic turmoil caused by the coronavirus pandemic, millions of Americans opted to pause their monthly mortgage payments. That choice could have implications for...

My husband, 79, promised to leave his grandson his home. After 22 years of marriage is that fair to me?

I am a married woman age 69 and my husband is 79. I am his second wife and we have been married for 22 years....

My fiancé wants me off the deed and mortgage to our new home. If I don’t agree, he says we’ll stay engaged forever

Dear Moneyist, My fiancé — or should I say eternal fiancé because he never wants to get married — recently shocked me when he flatly...

My sister put our mother in a nursing home, where she died of COVID-19. Should I take legal action against her or the nursing home?

My sisters and I disagree on most things, but never could I have imagined how our relationship would end. My parents put me down as...

‘I have been plagued by enormous guilt and regret:’ I tried to care for my late father, but I gave up. How can I ever forgive myself?

I am seeking advice on how to get over a terrible mistake I made. I did not care for my aged father. I am the...

How You May Be Sabotaging Your Ability to Procure Funding

Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. February 5, 2021...

Opinion: Code red — here’s what it means for the stock market now that company insiders are selling shares

Now that WallStreetBets’ 15 minutes of fame is over, it’s all clear in the stock market, right? Maybe not. Right before the GameStop GME, -28.41%...