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Viewing profile - howiecamp

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howiecamp
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Joined: Mon Jun 07, 2010 8:08 pm
Last visited: Tue Jun 18, 2013 1:42 pm
Total posts: 22
[0.02% of all posts / 0.01 posts per day]
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Most active forum: Personal Finance
[ 19 Posts / 86.36% of user’s posts ]
Most active topic: When a company has a loss, how is that loss covered?
[ 3 Posts / 13.64% of user’s posts ]

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howiecamp Posts

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 Forum: Personal Finance   Topic: What are the downsides of taking unemployment?

Posted: Tue Jun 18, 2013 12:54 pm 

Replies: 7
Views: 1741


I co-own a business that has been struggling in the current year. Myself and the other owner have reduced our salary to zero indefinitely. I am still working full time. As I am still on the payroll I am still taking benefits including medical, etc. I am considering getting a pink slip and claiming u...

 Forum: Personal Finance   Topic: Options to temporarily suspend mortgage if unemployed

Posted: Thu Jun 13, 2013 11:41 am 

Replies: 4
Views: 1286


stannius and Jerry - thank you both... Next step is to speak with my lender.

by the way - is there a risk in even raising the question with them? Sort of like asking your insurance company questions - they get twitchy and it comes back to bite you.

 Forum: Personal Finance   Topic: Options to temporarily suspend mortgage if unemployed

Posted: Wed Jun 12, 2013 6:04 pm 

Replies: 4
Views: 1286


Do mortgage lenders typically have options for allowing you to temporarily suspend mortgage payments (for x months) due if you become unemployed or face other financial hardship?

If so, what are the consequences of taking advantage of such an option?

 Forum: Personal Development   Topic: Downside to longer mortgage term if I pay off faster?

Posted: Fri Feb 10, 2012 11:33 am 

Replies: 8
Views: 4587


<< Aside from the higher interest rate DoingHomework mentioned, correct. >>

I know I'm sounding like a bonehead but why is it a downside that the rate is higher if the *total interest* I pay over the term of the loan can be the same or less?

 Forum: Personal Development   Topic: Downside to longer mortgage term if I pay off faster?

Posted: Thu Feb 09, 2012 4:53 pm 

Replies: 8
Views: 4587


Assuming I did make the extra payments consistently, there's no downside then, is that correct?

 Forum: Personal Development   Topic: Downside to longer mortgage term if I pay off faster?

Posted: Thu Feb 09, 2012 3:58 pm 

Replies: 8
Views: 4587


Sorry for the poor subject. I am considering a 20 year fixed mortgage so I can save interest costs over the term of the loan. Is there a downside to accomplishing the same thing by taking a 30 fixed and paying an additional amount per month/year? That way, I save interest costs but if I need cash I ...

 Forum: Personal Finance   Topic: What are options to send money to Mexico electronically?

Posted: Thu Jan 12, 2012 3:45 pm 

Replies: 1
Views: 679


I have a contractor in Mexico who I would like to pay electronically. Ideally I'd like to feed some credit card or other mechanism. Transferring to a bank account is ok too, but to a card is better.

Can you recommend mechanisms and providers?

 Forum: Personal Finance   Topic: How to figure time value of money in an investment analysis?

Posted: Tue Jan 03, 2012 3:31 pm 

Replies: 1
Views: 946


I'm doing an investment analysis (I'll use lease/rent costs for this example) and I want to properly figure the time value of money into my calculation. Totally made-up numbers here: In scenario (A) my rent cost would be a total of $100,000 over 5 years (paid monthly). In scenario (B) the cost would...

 Forum: Personal Finance   Topic: When a company has a loss, how is that loss covered?

Posted: Mon Oct 03, 2011 11:26 am 

Replies: 17
Views: 2219


Please explain further. I understand that I can have a loss on the income statement and still have positive cash flow, but nonetheless doesn't my loss have to be covered by some source?

 Forum: Personal Finance   Topic: When a company has a loss, how is that loss covered?

Posted: Mon Oct 03, 2011 10:13 am 

Replies: 17
Views: 2219


bpqui - << The money comes from (a) borrowing; (b) funds the company already had i.e. retained profits (it now just has less); and/or (c) owner/shareholder equity. >> This seems to answer my question perfectly. What I'm hearing is that with a loss, the money has to come from somewhere . So if the mo...

 Forum: Personal Finance   Topic: When a company has a loss, how is that loss covered?

Posted: Sat Oct 01, 2011 7:26 am 

Replies: 17
Views: 2219


I know this question isn't personal finance but I figured I'd try since there are smart people here.

When a company has a loss, where does the money come from to cover that loss? Any different for private vs. public companies?

 Forum: Personal Finance   Topic: What's the catch with high interest low max bank accounts?

Posted: Fri Feb 11, 2011 4:38 pm 

Replies: 17
Views: 2846


I'm incredibly fortunate to be liquid to the tune of about $2,000,000. (I got there all through saving.) I'm 40 and incredibly risk averse with money. I'd rather preserve than grow. I see accounts from FDIC-insured, no-name banks which advertise interest rates close to 4% with really low maximum bal...

 Forum: Personal Finance   Topic: Gotchas in putting $$ in high interest foreign bank accts?

Posted: Sun Jun 20, 2010 3:11 pm 

Replies: 1
Views: 926


I stumbled upon http://www.ubank.com.au/ub/web/home?utm_source=google&utm_medium=cpc&utm_termubank&utm_campaign=SEM which is an Australian bank offering 6.3%+ for a 6 month term deposit. (This rate is apparently par for the course in Australia.) Are there gotchas or anything that would p...

 Forum: Personal Finance   Topic: Asset-based loans (margin loans) for real estate purchases

Posted: Sat Jun 19, 2010 4:39 pm 

Replies: 0
Views: 1745


This post is really long - I've tried to be very complete in the detail I give so as to get the best possible answers. So thanks in advance for reading it. Background: ⋅ I've recently started a business and at this early stage I have no income from the business. ⋅ I have a lot of...
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