Finance Questions

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Question: Is mathematical finance a great field to get into?

I am thinking about getting a MS in Mathematical Finance after undegrad. Would I be more sheltered from layoffs than other financial professionals seeing as mathematical finance is heavily technical/analytical. It is basically economics/finance - heavy mathematics - and some computer programming ability. Math finance people are the ones who mitigate and manage risk for financial companies and investments.

Answer: It all depends on where u go to school. Given the current economic situation several state schools are expected to cut their funding for new hires so many newly minted PhDs who would normally go into the academic market will be considering entering the “real world.” Since you wanna focus on the math side, they would be your actual competition, that’s why its critical where u come from: A top tear masters candidate should be able to compete w/ a 2nd or 3rd tear PhD depending on each person’s respective experience.

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Question: Dealership scammed me on car warranty?

I need some help asap please. I purchased a vehicle 6 days ago at the ford dealership. It was a used vehicle that was a trade in...well I opted for the warranty which was $2000 extra. After taking the brochure home I decided to research the company to find that they were not accredited with the BBB and they had a lower than A consumer rating for paying out claims. I am livid at this point, a reputable Ford dealership selling garbage warranties! I was waiting to see if they could get me a lower apr with their banks but I have a pre-approved loan @ 6.5 from my bank for the purchase price of the vehicle. Can I make them cancel their financing process, drop the bs warranty and take my check for the purchase price?

Answer: Get the loan from your bank, and ask the dealer to cancel the extended warranty. Seeing as the deal is not funded yet (they did not cash a contract with the bank) they can cancel the warranty and you can finance the car wherever you want.

If they try to tell you that you bought the warranty, refuse to take that as an answer. Ask to speak with the general manager, and / or the owner.

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