2
votes
2answers
16 views

HSBC gave me the wrong IBAN

I hold an account with a bank abroad and wanted to transfer all the money I held there into my HSBC account. I was told that I needed an IBAN and BIC to transfer the money and so I went to the closest ...
0
votes
1answer
16 views

What are the tax implications of dividends that I receive from stocks (equity) that I hold?

I have purchased some shares in the Bombay Stock Exchange. Its been 6 months and have received some dividend income from them. Does this count towards my total income? Will I have to pay income tax on ...
-2
votes
0answers
27 views

How do I invest blackmoney (cash) and get both capital appreciation and some form of regular returns?

As an example, property gives you both land appreciation and regular returns in the form of rental income. Are there any such opportunities for an all cash investment?
0
votes
0answers
25 views

Using multiple bank accounts

One thing I've always struggled with finance-wise is how to manage higher-level budget categories across a limited number of accounts. For instance, I currently maintain the following types of ...
1
vote
0answers
83 views

Price drop protection on Apple iPhone

Two of my credit cards (Discover and Citi) have programs for cardholders that allow you to buy a product and if the price drops in certain amount of time, file a requests to be reimbursed the ...
4
votes
1answer
595 views

Fair Market Value Vs. Assessed Value

As my research, there are two criteria on home values. Market Value and Assessed Value. Market Value used between buyer and seller to get agree on sales price and Assessed Value is used to calculate ...
10
votes
3answers
2k views

Mortgage sold to yet another servicer. What are my options?

I purchased my first home back in June (roughly 2.5 months ago) with a smaller, but very reputable, mortgage firm in the area (Maryland). It has great reviews online, and everyone whom I know that has ...
1
vote
2answers
55 views

Effect of taxation changes for an employed landlord (£40K) with a rental property that breaks even

What effect do the recent changes to UK taxation have on a landlord with employment income of about £40K and a unfurnished rental property that just about breaks even? (E.g. the rent just about ...
0
votes
0answers
29 views

Daily personal financial calculations [on hold]

What are some daily financial calculation that a person must do to predict or analyse his/her past or future profit and losses? I am actually building a test app for this. So if possible please also ...
0
votes
1answer
81 views

Best way to maximize current income from stock market as a low income person

Due to some health problems it is quite difficult for me to work full time. I get my income from odd jobs and on-line surveys. I was wondering what the best way to maximize some of that income. ...
3
votes
1answer
53 views

Renting out rooms in my home, what's the proper way to deal with utilities for tax purposes?

I rent out two rooms in my home. Currently we split the utility bill between 3 people, i.e. the utility bill is in my name, and I pay the utilities and then get reimbursed for the other two thirds by ...
-2
votes
0answers
16 views

What will be the impact of the Euro’s devaluation on Coca Cola’s margins and Net Income?

I think this is straight forward but I have been working on this and would appreciate any insight from anyone wanting to take a stab at the following. Thanks in advance! Coca Cola Europe sells 80% ...
0
votes
0answers
50 views

Collateral loan

My boyfriend put up money as collateral for a 3 yr loan for me. I have paid the note of $225 a month for 2 yrs. The note matured after only two years and my boyfriend passed away a year ago. I tried ...
0
votes
1answer
32 views

Mutual Funds merger

If I have 977 units of a mutual fund and after 5 years it merges with another mutual fund within same company. How much unit of new mutual fund will I be having?
0
votes
0answers
15 views

Reliance natural resources funds bought in 2008 in India [on hold]

I have Reliance natural resources funds which I bought in 2008 and it got merged with reliance vision . Number of units are 977.995 , Load Rs. 0.2250, Nav Rs. 10 . I am wondering what is the ...
0
votes
1answer
40 views

Fetching technical indicators from yahoo api

I am trying to get RSI indicator from yahoo finance api. so far I can get quote in CSV format, but there seems no api for specific indicator such as RSI. Anyone knows how ? thanks
0
votes
0answers
10 views

Can Quickbooks track product sales this way?

I'm still using Quicken to track my business financials. I have yet to find a need for Quickbooks. But this might be one: I need to track more detailed sales of my products. These are virtual ...
3
votes
1answer
57 views

Does LendingClub's quick screening impact credit score?

I'm new to the US and trying to get a loan for buying a car. I know it's hard to get a loan without credit history, but I just clicked around. I typed some information from the homepage of ...
0
votes
0answers
9 views

Employer Tuition Repayment [migrated]

1 year ago, I accepted a new job with an education budget included. I turned down their initial job offer. When they asked if there was anything that could entice me to reconsider, I countered with ...
2
votes
2answers
37 views

Selling mutual fund and buying equivalent ETF: Can I 1031 exchange?

I have a taxable investment account consisting of Vanguard mutual funds that I have held for less than a year. I recently learned that ETFs are more tax efficient in nature because the managers don't ...
1
vote
1answer
78 views

What does it mean to borrow short and lend long?

What does it mean that institution borrowed short and lent long?it would be great if u may use a comprehensive example. Thank you very much.
1
vote
0answers
18 views

Capital gains tax from selling Canadian property for Canadian non-resident

Case: Capital Gain Tax Implications for House in Toronto, ON Purchase value of House in 2000: $230,000 Potential Sale value in 2015: $650,000 Joint-owners: David & Rebecca, married and both are ...
3
votes
2answers
140 views

What's the reason I can't have insurance with more than one company?

Excuse my pure ignorance on this matter, I barely understand the basics of any insurance. When I first moved to the UK years ago I have been told that I can't have life, health, car, contents ...
3
votes
1answer
183 views

What is the psychology behind the Dead Cat Bounce Pattern?

With the turmoil that hit most markets in the last two weeks followed by a small recovery late last week, are we seeing a classical Dead Cat Bounce appear infront of our eyes? Looking at the charts ...
-2
votes
0answers
33 views

Why does a bond ETF's price not decrease by the amount of the dividend, after dividend payment?

Abbreviate 'stock ETFs' as SETFs, and 'bond ETFs' BETFs. [1.] Stock funds and bonds funds collect income dividends in different ways. Stock funds collect dividends (as well as any capital gains ...
-2
votes
0answers
32 views

If the stock price decreases before it increases, your lower limit order will cause a loss?

I ask NOT about the merits of this alleged strategy, which I abridge. The OP proposed to: Find a stock that fluctuates by a few dollars daily (between -$2 and +$2). Buy S shares using ...
1
vote
1answer
56 views

MasterCard PayPass requires pin. What's going wrong?

Two days ago I was in Tampere and tried to pay with my credit card (it is Raiffeisen Bank MasterCard which supports PayPass technology). I have never paid using it before but I was pretty sure that it ...
2
votes
1answer
212 views

30-year-old saved $30,000: what should I do with it?

I'm a 30-year-old living in NYC with a decent job, not married / no kids. I've now saved $30K and it's just sitting in a savings account, earning next to nothing. I have never invested in the stock ...
-1
votes
0answers
40 views

Russian Government Bonds Clarifications

How come that some countries (i.e. Kenya, Russia etc.) have very high interest rates on their government bonds? What would I risk to buy these bonds? If you take a look at this page you can see that ...
3
votes
1answer
35 views

Administrator vs Broker vs Custodian for a Solo 401(k)?

I'm planning to open a Solo 401(k) with Schwab. There are some provisions that are decided by the Plan Administrator, which I assumed would be me (my business, technically). However, doing research, ...
0
votes
1answer
31 views

e-banking from oversea bank to the UK bank & IBAN code

I have paid my tuition fees with e-banking from my country to the UK. And I've filled in SWIFT code and the addressee’s name, address, and UK account number instead of IBAN code. This will be ...
7
votes
1answer
871 views

Pay for my parent's PLUS loan - tax implications?

I recently payed off my college loans and now want to pay for the PLUS loans that my parents took out to pay for my education. Does the gift tax apply if I pay the loan provider directly? I'm not ...
1
vote
0answers
22 views

For the purpose of Canadian tax reporting, can buying a business be deducted against personal taxable income?

In Canada, can buying a business be deducted against personal taxable income as other business related expenses would, if one is running it as a sole proprietorship?
2
votes
1answer
353 views

Mortgage company fee for quit claim deed

I transferred title to my home to a living trust, of which my wife and I are trustees, and my children are the beneficiaries. The main reason was to avoid probate. My mortgage company wants $100 fee ...
0
votes
0answers
58 views

Where can cash reserves be stored in Canada, with 100% protection of principal and higher interest than high-rate savings accounts?

I abbreviate 'the amount of reserves to be deposited' to 'principal.' Criteria: This principal must be conserved (excepting rarities like the collapse of Canada) Must be able to be withdrawn no ...
2
votes
1answer
23 views

Australian Tax Rates for overseas residents?

I am an Australian living in Turkey. My old boss in Australia wants me to do some policy work for him. What's the tax issues if I do it?
-3
votes
2answers
47 views

forgery or identity theft [on hold]

If someone writes a check to you and you know the name doesn't match the person writing you the check but you cash it anyway because you sold them merchandise. What crime has been committed
0
votes
0answers
47 views

Foreign money transfer

My fiancé is going to transfer $120,000 to me from her bank account in Nigeria to my checking account in U.S. Pennsylvania. Are there any issues with this that you are aware. Please provide some ...
0
votes
0answers
23 views

Load / Withdraw fund from another bank branch in another country, how fast and cheap?

I am newbie to the banking and financial services. just tell me if below scenario is possible: I need to open bank account, then fund/Load money to it in country A, my friend will fund my account ...
1
vote
1answer
42 views

Can you lease a secondary residential apartment for a job in NYC, and declare it as expense in tax return?

Currently I commute over 2 hours to work in NYC. Thus I would like to rent a apartment close to where I work. Is there a way to have your rental payment declared as expense in your tax return? One ...
1
vote
1answer
29 views

Determining annual inflation rate from bimonthly cpi growth rate?

I've been unable to find a concrete answer to this question so I assume I am overlooking something incredibly simple. In order to determine the real interest rate, I am required to use the nominal ...
3
votes
0answers
19 views

Did not file W-8BEN but received dividend income from US stocks and zero withholding tax

I am an Indian citizen who worked in US for some time and returned in 2002 to India. I last filed a 1040NR return in 2002 and after that did not file 1040NR. I just realised that I have been receiving ...
0
votes
3answers
55 views

Must ETF companies match an investor's amount invested in an ETF?

1Source: p 147, Investing For Canadians For Dummies, 3 Ed (2009) by Tony Martin, Eric Tyson The lack of CDIC insurance on a money market fund shouldn’t trouble you. Mutual fund companies can’t ...
0
votes
1answer
118 views

Why invest in money market funds, when its return is lower than a high-rate savings account?

RateSupermarket.ca displays, for a deposit of $50,000 CDN, high-rate savings accounts (abbreviated as HRSA) that yield as highly as 1.75% from Implicity Financial, 1.50% from Scotiabank, and 1.05% ...
2
votes
1answer
40 views

HSA contribution cap on a new HDHP plan?

What is the HSA contribution cap for single enrollment in a HDHP partway into the year? Assume that the participant was not previously enrolled in any other health plan has not made any HSA ...
0
votes
1answer
62 views

How does one transfer funds between a French bank account and a US bank account?

Say Person 1 has a French bank account, and Person 2 has a U.S. bank account. Person 1 wants to send funds to Person 2. Person 1 can add a new person to their list of beneficiaries, but the French ...
0
votes
1answer
33 views

Split Roth 401k Rollover between Traditional IRA and Roth IRA

Does the guidance in IRS Notice #2014-54 apply to Roth 401k rollovers? Specifically, is it possible to do a out-of-service rollover on a Roth 401k such that: The earnings are put in the Traditional ...
5
votes
1answer
46 views

Taxable income computed by date earned or pay date?

Is taxable income for a given year computed by the days where the income was actually earned or the pay period in which the pay is issued? For example, suppose the pay period for an employee spans ...
0
votes
0answers
40 views

Why would most US companies allow Direct Stock Purchase Plan (DSPP) for US residents only?

All companies I would be interested in to contract a Direct Stock Purchase Plan (DSPP) links to computershare.com which requires the buyer to reside in the US (with a valid security number). Is there ...
2
votes
1answer
49 views

Do I have to file a tax return on a federal work study job?

I recently obtained a federal Work study job at my college. I filled out paper forms that were a bit obtuse to me. A I-9 form and a w-4 I think. I obtain $1200 maximum from this job. So do I have to ...

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