0
votes
0answers
4 views

sell stock with unsettled money

let's say that i have bought some stock on Monday day1, and then sold them in the same day. the settlement for those stocks will be Thursday day3.. I then went a head and bought other stocks in day2 ...
0
votes
0answers
5 views

Software that does both accounting and multiple inventory locations?

I am currently using InFlow Inventory to manage my inventory. I have different inventory locations and InFlow handles this great. Now, InFlow doesn't do accounting so I need to get some accounting ...
1
vote
0answers
15 views

Why GOOG is “After Hours” while FB is “Pre-market”?

I used to invest in HK market and weeks before I opened an account in US market. I noticed that there's a "after hours trading". But now (9:22 GMT+0) I found there are two different status from Google ...
0
votes
0answers
13 views

401k strategy for NRI planning to return to india

Scenario is for L/H visa holder who is earning salary in USD. The person also has employee sponsored 401k plan. The visa expires in 5 years and person would like to return at that time to India ...
0
votes
2answers
60 views

Is 6% too high to trade stocks on margin?

Lets assume I understand the risk of trading on margin and that I can lose the money. My question is if 6% is too high? I do have dividend paying stocks that could almost cover the monthly interest ...
2
votes
1answer
23 views

Is there a standard or best practice way to handle money from an expiring UTMA account?

I have recently turned 21, and the UTMA account that held my college fund is being turned over to me. I have no serious experience with personal finance or investing, and I just don't know what to do ...
0
votes
2answers
38 views

In double entry accounting, as an employee, how do I enter expenses?

I'm new to accounting and just started using GnuCash for my personal finances. Question As an employee (not a company), how would you enter the following transaction into GnuCash? Situation I ...
0
votes
1answer
31 views

What is a clearing bank, in specific, what does RMB clearing bank do?

Bank of China (Hong Kong) is described as the "sole Clearing Bank for RMB business in Hong Kong" What does it mean to be a clearing bank and clearing bank for RMB? What's the difference between ...
12
votes
8answers
3k views

Why is paying mortgage interest considered by some to be beneficial?

When discussing buying a home I often hear people say they like having a mortgage because they get the benefit of writing off the interest. Am I misunderstanding something? My simple thought is if ...
0
votes
1answer
50 views

Add > 5,500 (excess contribution) to Roth IRA for temporary investment?

I have an standard IRA through work and an additional Roth IRA. I split my contributions between the two accounts. I understand the max contributions to the accounts combined is 5,500 per year. A ...
1
vote
1answer
40 views

Online brokers with a minimum stock purchase lower than $500

Right now I am considering starting investing in stocks on my own and using the Commonwealth Bank Comsec to do it. What's stopping me is not the $20 brokerage to buy, and then another $20 to sell. ...
0
votes
1answer
30 views

Where Can The Fully Diluted Outstanding Shares Of A Company Be Found?

This is a quick question. Wikipedia mentions the distinction between basic shares outstanding and "fully diluted shares outstanding". Does anyone know where I can find the count for fully diluted ...
4
votes
2answers
61 views

Owing state tax Interest and a result of living in Maryland and working in Virginia

In 2013 I've worked in Virginia and lived in Maryland the entire year. My wife worked in Maryland. My employer withheld state taxes for Virginia (I asked my employer whether he could withhold my ...
1
vote
1answer
83 views

Early withdrawal from retirement appears to have been penalized at 35% (on top of regular income taxes), rather than 25%?

I had to withdraw from my Simple IRA retirement fund last year for emergency reasons. When I withdrew, the IRA company withheld 10% for federal taxes. When I did my taxes at the end of the year ...
0
votes
4answers
69 views

Will canceling one of my CapOne credit cards hurt my credit score?

I have 2 CapOne credit cards, they show up as 1 account with both their credit limits combined on my credit report. My question is; Could I cancel one of those cards and apply for a better rewards ...
1
vote
0answers
35 views

Where can one graph portfolio performance over time?

I'm used to my employer provided 401k website, which allows me to see a "personal rate of return" over a specified time period, plotted on a line chart. It also allows me to see individual stocks and ...
1
vote
1answer
29 views

Freelancing as a Technical Support Advisor

I am freelancer from India providing technical assistance to people in UK and US. I get these numbers from different companies in India who are not able fulfill customers needs. Is it possible for me ...
2
votes
1answer
109 views

What does it mean that: “Home loan must be secured within 90% of the value of the property”

I am applying for a home loan and I am unsure about some of the text received from the bank. What does it mean that a home loan must be secured within 90% of the value of the property? Does it mean ...
7
votes
3answers
2k views

Moving out three months into my one year lease. What happens?

I recently moved out of my parents house into my own apartment. I moved in the apartment in May. I signed a one year lease but I'm having a really difficult time, financially speaking. I can pay the ...
1
vote
2answers
56 views

adjust tax allowances

I need to adjust my income tax allowances I'm classified as single and claim 0 allowances, this is the most debilitating outcome for near term cash flow and I've read I can claim 1 or 2, my dilemma ...
0
votes
1answer
16 views

SEC Form 144 and Form 4 difference

What is the difference between an SEC Form 144 (Proposed Sale) and an SEC Form 4? For example, this company has filed Form 144's, but not Form 4's. I understand that a Form 144 has more basic ...
0
votes
0answers
19 views

How do you get your Canadian stock information?

I am getting into stocks and am looking for ways to keep myself updated with the best current information. The type of sources I am looking for are: Podcasts Newsletters RSS feeds Twitter Etc. ...
1
vote
1answer
52 views

My company is changing 401k plan providers. How long should my funds be “blacked out”

My employer is switching 401k providers. The original provider shows that I am no longer invested, with a $0 balance. The new provider tells me that I am not yet invested, but they do have the funds. ...
2
votes
0answers
31 views

How can I transfer my money between US/Canada bank accounts with as little loss as possible?

I am currently living in Canada and have funds in a savings account with a Canadian bank. Say I decide to move back to the US, how could I move those funds to a US bank account with as little loss as ...
-5
votes
1answer
46 views

A goldsmith's hedging strategy, simplified

A goldsmith has bought 100oz physical gold for his trade and payed $1300/oz. He is going to be ready to sell his jewels in 3 months from purchase. In order to hedge against falling prices of gold, he ...
0
votes
1answer
30 views

Gold futures' margin

How is the margin for gold futures determined? Where exactly can I look to find the current margin (pls, state website)?
4
votes
4answers
350 views

How much of each stock do index funds hold?

An S&P500 index fund will hold each of the 500 stocks that are in the S&P 500. Does it target holding an equal number of shares of each stock? An equal dollar amount? Does this vary based on ...
-3
votes
0answers
49 views

What is crowdsourcing? Is this a reliable way to invest? [on hold]

Loyal3 is an example of crowdsourcing.
0
votes
2answers
86 views

What type of person do i need to manage my life

I'm looking for a person or group that can handle my financials. (for a fee or not (Fee to me means maybe 1-200 a month.)) I want to be able to give them access to the bank account and over see the ...
0
votes
1answer
37 views

Are there guidelines for who you should trust for financial advice (online, peer, experts, only myself, etc)

I am new to investing and not sure where I should start and who to trust. Who do you trust for financial information? Where do you look? Do you read certain financial blogs?
3
votes
2answers
118 views

Investing in third world countries

I am working for an engineering company that allows me to travel to different third world countries. I am quite certain their are plenty of investment opportunities such as in restaurant, chains, real ...
1
vote
0answers
54 views

How to setup a financial dashboard like Nassim N Taleb?

Quoted from his book, fooled by randomness: I have a trick to know if something real in the world is taking place. I have set up my Bloomberg monitor to display the price and percentage change of ...
7
votes
3answers
1k views

Am I understanding buying options on stock correctly

I'm just wondering if I am understanding Stock options correctly. Basically if I am watching stock XYZ. It's currently at $10 per share which I believe is low and should raise to 20 within 1 month. ...
2
votes
1answer
145 views

What's the tax rate on Roth IRA contributions for a nonresident alien?

I am considering open a Roth IRA account and I was wondering how much I'll be taxed on my deposits. I am a nonresident alien for tax purposes, and I read online that I would be subject to a 30% rate. ...
2
votes
1answer
79 views

Portfolio theory and the business cycle: Determining ideal allocation to stocks?

Historically, there is a level of mean reversion with stock prices. So the expected return of a market portfolio changes with boom and bust periods. Is there a generalization of portfolio theory that ...
0
votes
0answers
15 views

Guaranteed Income Supplement (GIS) calculation involving Capital Gains and Unused Capital Losses?

Do I understand correctly that for calculating income tax payable, the use of unused capital losses of previous years will reduce the current year capital gains and also affect the calculation of the ...
4
votes
1answer
129 views

What does this 401K statement mean?

"Your employer will match up to 10% of your compensation that you elect as pre-tax contribution. When you contribute to your plan, your employer matches 50% of the first 10% of your pay." I don't get ...
1
vote
1answer
30 views

Filling Balance sheet in ITR4 for freelancers

I'm trying to fill ITR 4 for the first time. I'm a salaried professional with a side income from freelancing. I earned around 3 Lacs plus from freelancing. In ITR 4 there is a section - Part A ...
0
votes
2answers
31 views

How to record a transaction with more than one purpose?

Suppose I pay with my credit card, £15 at a store, where £10 is for stationery used for my business meeting which is a claimable expense, and £5 is for my lunch which is a personal expense. I think ...
3
votes
1answer
27 views

Index Fund Tracking Error acceptable value

I'm looking at a variety of index funds. I know that tracking error, loosely speaking, is the deviation of a fund's performance from that of the underlying index. I know lower is better, but I can't ...
0
votes
1answer
11 views

Good Android app for mutual fund research?

I'm trying to compare several mutual fund options offered by my HSA account. I cannot seem to find a good mobile app that will allow me to enter the symbol and list historical performance as well as ...
1
vote
1answer
51 views

Is money sent by my brother to buy a flat taxable?

I am a Canadian citizen living in Halifax. My brother wants to help me buy a flat and plans to transfer money as a gift ($150,000 USD) from the States to Canada. Is the transfer taxable?
-2
votes
2answers
86 views

How do companies like WhatsApp and Hike earn money?

How does companies like WhatsApp ,Hike earn? As these are free , they only require internet so does our network provider pay them
0
votes
1answer
62 views

Getting money from online websites I own to my UK bank account

I recently moved to UK for a full time job, and I get my salary transferred to UK bank account, and automatically tax calculated. At the same time I own few websites and I get some money from these ...
1
vote
1answer
38 views

Should credit card refunds within the payment period (but after the statement date) be charged interest?

My wife signed up for a 0% balance transfer offer with BarclayCard (UK), and transferred around £1000. The 0% interest is always listed as a line item on the monthly statement. Each month she pays ...
1
vote
1answer
27 views

Double-entry bookkeeping conundrum - how to log built-in fees?

So today I was trying to figure out how to do some double-entry bookkeeping for one of my projects. The service is similar to a bank teller - it accepts money on one end, charges some fees, and gives ...
0
votes
1answer
83 views

Could you save money by not paying your student loans

I read an article that discusses a woman refusing to pay her student loans. In the end, she claims she saves money because she defaults on her loans, thus her loans grow without interest, and her ...
2
votes
3answers
147 views

Who Bought A Large Number Of Shares?

In general, I'm trying to find some information that I think might be reported in SEC filings or is otherwise in the public domain, but I do not know where to look. The scenario is best illustrated ...
2
votes
2answers
111 views

Verizon and I disagree about the duration of a contract. Do I have any recourse?

A little less than a year ago, I purchased an iPad with service from Verizon Wireless and getting what I was told was a one-year contract for $100 off of a device of just under $1000 of the price. ...
0
votes
1answer
77 views

Why do some companies (like this company) have such a huge per share price?

Questions Why would they do this, I can't imagine what type of liquidty issues they may have, I know stocks like Berkshire (where stocks are kept high to dissuade short selling, excessive voltailty ...

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