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tc61380 asked:


For example, if I used a cash advance to
1. buy stocks,
2. invest in bonds/fixed income assets
3. “refi” my personal mortgage
4. buy investment property

or any other situations where credit card interest is tax deductible?
Thanks for all you responses. Just to clarify -

Say I borrow $100 from my credit card at 10%.
I owe $110 at the end of the year.

I put this same $100 into a stock (or some other investment). It goes to $120 and I sell, gaining $20.

1. Do I have to pay taxes on $20, or $10 ($20 gain minus $10 interest)?

2. If I didn’t sell, can I deduct the $10 interest against my other income?

Animaholic asked:


I want to invest some funds for my three grandchildren, and any other future grandchildren. I am looking into stocks instead of items such as bonds, savings, or trust etc. What experienced person can help me with making a wise move on this subject?

PP asked:


I wanted to put away some money in investments so I can just sit on it and watch it grow. I’m only 21 and still in college with only a part time job, so I don’t have much to put in. Maybe 2 or 3 hundred a month is all I can afford. I’m too scared to do stocks, plus I want something safer and more long term. Should I do mutual funds? Bonds? Which banks or companies should I check out?

KiyaJay asked:


Is there a good website with explanations on terms such as mutual fund, bonds, equities…that also explains how to get started? I need help understanding person finance and investments. Any useful advice appreciated.
Personal finance, I meant!