Money Anecdotes

iskka asked: True or False — Investment in residential construction tends to vary directly with changes in average income.

Aaron W asked: I own the house I live in (a small part of it), a condo I rent out, and I’m looking to expand. I have excellent credit, money to make a 20% down payment, and I’m looking at buying a relatively cheap pre-forclosure house. I’m getting high monthly payments estimates from mortgage companies. [...]

Kuntree asked: First I don’t understand why banks would loan money to someone with bad credit or not having the means to repay. Second I don’t understand why investment companies like Bears Stearns would repurchase the loans from the banks. Securitize them and sell them as bonds. What are they learning at these prestigious business [...]

Michael K asked: We have a large amount of equity in our current house.
We have no bills other than the mortgage on our current house.
Is a home equity loan to get to the 20% down payment and then a conventional loan on the investment property itself the best way to go?
Or is it [...]

caramelhoney20042000 asked: I am looking for an investment option that yields high interest and that is not required to be a long term commitment. I would like to start out investing $50 a month / 600 a year.

music zone asked: I have a house for sale at an excellent price, no realtors involved, and want real estate investors to take note. How can I persuade the person in charge of our local real estate club to distribute my e-mail regarding my property? They get solicited all the time, I’m sure. [...]

Mike S asked: I am considering setting up a custodial stock account for my 2 year old. I’m seriously considering DRIP type investment.
What type of account is most beneficial in terms of tax benefits, for both parents and children?
Is it better to own a separate DRIP account until the child reaches the adult age and [...]

3T’s asked: I am currently working for a big CPA firm. I have two years of experiences. I am looking to make a switch to Financing, particular Investment Banking. I have been searching for an associate position at many of the IB firms, but all of them seem to require an MBA or IB experience. [...]

The Bomb Diggity asked: I’m 28 years old, I make a little over 200K a year and i have over 300K in liquid cash in separate bank accounts. I don’t know what to invest in because the market is garbage. My goal is to have a million by the time I’m 35 and I hope [...]

skurumunda asked: I just joined an investment management firm as a business analyst but I don’t know the first think about investment management. What would you books, courses, etc, would you recommend that I look improve my career?