0
votes
0answers
7 views

How can I significantly increase my credit score using cash?

I would like to improve my credit score^ by throwing money at it rather than by waiting several more years for a ding to disappear from it. I've read several good questions and answers here about ...
1
vote
0answers
13 views

Long history of credit vs. many open accounts — where's the line?

I'm not an expert on credit scores, but I have done a good bit of research on how they're impacted by different variables. I know that a long history of a line of credit is seen as a positive; ...
0
votes
0answers
11 views

debit/prepaid card in NOK

From time to time I travel around the world and was wondering how can I reduce costs when paying by card. Sometimes this may be acceptable if you have a good card in USD/EUR, but sometimes even that ...
1
vote
0answers
16 views

Is it worth enrolling for travel insurance from work or is the coverage from travel credit cards sufficient?

I just started work recently and the company is offering travel insurance as something I can enroll for (at a cost). Currently, I already have TD's Visa travel infinite credit card. This card has some ...
1
vote
2answers
136 views

Is it better to pay off a loan with a higher interest rate or one with a much higher principle balance?

Okay, we'll start off with some backstory. I went to a for-profit university with absolutely no financial assistance, so now I'm in a very large amount of debt. I've read almost everyone on this site ...
2
votes
0answers
18 views

How do I gracefully transition from a standard medical plan to an HDHP with a non-calendar plan year and multiple FSAs?

My family is on my wife's insurance and FSA which is on a non-calendar plan year (June to July), with the additional FSA through my employer which is on a standard calendar plan year (January to ...
0
votes
1answer
11 views

Raising Funds: What happens when you issue new shares by adding authorized capital?

Suppose, I have a company Authorized capital - 100,000 Indian Rupees. Divided into 100 shares - 1000 Indian Rupees each. 2 Directors Totally. Director A holds 75 Shares and Director B holds 25 ...
-1
votes
1answer
36 views

Should I convert some of my money into US dollars now? [on hold]

The Canadian dollar doesn't worth much against the US dollar. I have a bank account in US dollars, would you suggest that I put a few thousands of CAD in that account now?
22
votes
5answers
2k views

Should I open a credit card when I turn 18 just to start a credit score?

I spend about $20-30 a week on my debit card, with periodic $200-300 purchases every few months. I've thought about getting a credit card the moment I turn 18 and using it to buy everything, then ...
-1
votes
0answers
34 views

Children's savings account.

If I am 17 , do I need my mother or father there in order for me to take out money in my savings account, if the account is under their name? I want to just be able to withdraw money, the last time ...
-2
votes
0answers
23 views

How authorization and capture plays a part in crypto currency transfer during an online shop payment? [on hold]

I am new with the payment process. I hope clarification would be appreciated. I am developing a payment gateway. And I am trying to understand the way an authorization and capture of payment. ...
1
vote
1answer
39 views

What happened if a merchant capture the fund without delivering the ordered product/service?

I am new with the payment process. I hope clarification would be appreciated. I am developing a payment gateway. And I am trying to understand the way an authorization and capture of payment. What ...
2
votes
5answers
173 views

Are Roth 401(k) after-tax contributions at a disadvantage for maximizing employer match money?

I feel like there is a negative to Roth 401(k)s that I haven't seen mentioned anywhere after doing some major research. Assuming the employer match amount is a percentage of the after-tax amount that ...
5
votes
1answer
642 views

Should I use my credit or debit card when purchasing groceries?

When I go grocery shopping, I almost always purchase enough to warrant using a card rather than cash. I used to use my debit card for these transactions, but twice in the past (each incident about ...
0
votes
1answer
99 views

Starting new job - no money

I'm presently in debt up to my eyeballs, and the closest job I could get is ~2.5 hours away. My family is poor. I've tried selling everything I don't need, but nobody will buy anything. I've ...
3
votes
0answers
45 views

Is Insurance policy money received taxable?

I have a LIC money back policy, which pays money every 4 years. I have received the 1st payment. I wanted to know whether that amount is taxable, and how would the tax be calculated? I am in India.
0
votes
0answers
25 views

Negative Euribor interpretation [on hold]

Euribor has been a negative value for some time. One interpretation of this negative value is "bank A pays bank B to store its funds". However, money are mostly stored now virtually, in data centers, ...
2
votes
0answers
13 views

Are there any e-commerce taxation rules in India?

I am planning to sell my software online, by recieving payments through Debit,credit cards and netbanking. Are there any e-commerce taxation rules like in the European Union..?
0
votes
0answers
16 views

USA bank account receiving funds for my business in India : How to calculate tax

I am planning to start an online tech support business from India. I do have a USA bank account and I can setup a payment gateway via paypal for my business. I will be doing all the support from India ...
-3
votes
2answers
80 views

Would the lender care about getting regular payments, or just their total interest? [on hold]

What will be the banks or lending institutions be more interested in; Making interest on a loan in a uniform manner Simply netting the required amount of interest In the second case, it wouldn't ...
0
votes
2answers
147 views

Does anyone offer no interest loans?

Is such a loan possible, where the borrower repays back to the lender the exact sum that was borrowed in the first place? Say for example, a borrower receives $100 loan from the lender for 10 years, ...
1
vote
1answer
36 views

Is the interest on EE series US Savings Bonds accrual dates prorated If I cash in just before an accrual date?

I have several EE series US savings bonds which I would like to cash, they were all given to me on the same date in different years, and I calculated the interest online, the calculator said that ...
-1
votes
1answer
84 views

Trading stocks on a short term basis using beginner level tools [on hold]

When you create your "basic" trading account, as long as you have $x amount in your account you get fairly low transaction fees, say like $10 per transaction. Are there people who successfully trade ...
3
votes
1answer
546 views

Can I use balance transfer to buy car?

I am in market to buy new car but I am a little short on money. I could finance the car but if buy on cash, I will qualify for additional savings up to $1000. Furthermore even if I finance the car ...
0
votes
2answers
131 views

Is there software to buy and sell stocks in real time on very small moves in price? [on hold]

I know that day trading involves more than just simplifying buying and selling stocks. I'm very new to stock trading, but I was wondering if there is real time software that could do the following on ...
5
votes
0answers
48 views

How useful is the PEG Ratio for large cap stocks?

I've read a few articles recently that discuss the PEG Ratio and how, when it's 1 or lower, it can mean that the company is undervalued, and thus a good investment (I know it's not a hard rule, just ...
-1
votes
0answers
45 views

Can you please guide me to a trustworthy online stock market in the USA? [on hold]

I'm from Morocco (North Africa), and I have little background in investing in the stock market. I'm interested in investing in stock markets from other countries. To begin my investing, could you ...
1
vote
0answers
68 views

Can I earn more on my cash savings and still keep it liquid and low risk? [duplicate]

So, my wife and I do a pretty good job of budgeting and saving for things, which means we have a lot of cash laying around. Between a $15k emergency fund, savings for car replacement and repairs, ...
-2
votes
0answers
42 views

What would be the best option for investment? [on hold]

I'mm looking at doing some investment. I thought about stocks and markets.. are there any tips you could share with me? I did think about land/property but it's currently out of my reach as I ...
1
vote
1answer
27 views

California LLC statement of information filing (LLC-12R)

I received a notice that my California LLC is required to file another statement of information filing. It requests that I use form LLC-12R, however, I can only find LLC-12 listed on the official ...
3
votes
1answer
51 views

Do I need to file reports when transferring money to US?

I have saving account in the country of my citizenship. After moving to US and get permanent residency, I want to transfer money (> 10,000, after-taxed, not business or gift) from my saving account to ...
4
votes
2answers
117 views

How does the U.S. wash sale replacement stock rule work?

I am trying to understand how the replacement stock is selected when applying the wash sale rule. This is in the USA. I have scoured the IRS publications that seem relevant and am still unenlightened. ...
14
votes
1answer
969 views

How are the shares rounded off when companies merge?

I had bought 100 shares of company A back in 2009. However, that company merged with company B, and they announced that I will be receiving 1 share of company B for every 8 shares held in company A. ...
3
votes
2answers
210 views

What is the best, low risk investment I can make now?

I'm a software engineer in London, UK. I just turned 27. The past 5 years, I have put as much as I can into paying off my student loan (that is from another country) and have only just cleared the ...
0
votes
1answer
129 views

losing 10% return need gain off 11.11% to original capital: What is the theory called

Losing 10% means you have to gain 11.11% to get back to the original capital. Losing 20% means you have to gain 25% to get back to original capital. Losing 50% means you have to gain 100% to get ...
2
votes
1answer
93 views

If a check was made out to my name instead of my business name, is there some way I can still deposit it into my business account?

I am working as an independent contractor, and my first check was made out to my personal name instead of my business/corporate name, can I sign the check over and consider it as income for the ...
9
votes
2answers
2k views

Can my US company buy my foreign company for $1 USD?

I'm a non-US resident and I'm the owner of a Delaware C-corp Inc. I also own a company (equivalent to LLC) in the EU. Although I could "sell" or transfer ownership of my EU company to my US company ...
8
votes
2answers
2k views

Are there any credit cards with a statement period longer than 1 month?

I'm surprised that all of the credit cards I've looked at have a statement period of 1 month and almost always have the period run from the 1st to the 31st, though they differ in their payment due ...
1
vote
1answer
48 views

Is there a Limit Order to buy long if the price RISES (not falls) to a specific value?

I trade with Interactive Brokers. I want to buy at the Close in one of the following scenarios. The scenario depends on the indicator that I'm using. First scenario: Assume that the price is ...
1
vote
0answers
29 views

Effective Interest Rate Interpretation

Assume a $1,000 loan for 24 months, with monthly interest rate 2.5%, and monthly payments ($55.91 as calculated by any online tool, e.g. here). This will give us annual interest rate (air) of 30%, ...
2
votes
1answer
56 views

What factors to consider for deciding between forming an LLC vs taking insurance on rental properties

My friend and I (both living in California) want to buy a couple of rental properties (one in Texas and other in Florida). Looking through the various websites and forums on the internet, we could ...
0
votes
0answers
17 views

Bid ask spread in order driven stock market

Bid-ask spread can be used to measured transaction costs in quote-driven OTC market. But to measure transaction costs of stocks in order-driven market, can I use bid-ask spread as well? I appreciate ...
3
votes
4answers
86 views

Are there special endorsement requirements for US Government checks to two parties?

At a bank where I have a checking account in my name only, I regularly cash a dividend check made out to my wife AND me. My wife endorses the check at home and then I stroll down to the bank and add ...
0
votes
0answers
21 views

Withdrawl of 10% from Annuity

With regard to the question "take 10% out of my annuity per year" Its true it may lose on interest but my concern is not that but having ample $$ left in my annuity for my heirs. Right now I will have ...
2
votes
1answer
37 views

Calculating the present day value of a future amount?

I'd like to know what my retirement's purchasing power is. I think the best way to do that is to adjust for inflation in reverse, maybe? I know to calculate your future salary with inflation you can ...
0
votes
1answer
63 views

If I make a loss in trading stocks, can I state it as a loss of investment in the tax refunds?

I was wondering if I could turn around my losses (a little bit) to help with my tax refunds. If I have negative total profit from trading stocks/investments, will it help increase my tax refunds? ...
3
votes
1answer
104 views

Depositing the same check after it's returned

So I wrote a check to myself to transfer some money from one of my account at Wells Fargo to Bank of America. The problem is, I used wrong account to withdraw the money (checking instead of saving), ...
2
votes
0answers
26 views

Foreigner wishes to open a US bank account

My mother-in-law has had bank accounts in the US for many years. She has a social security number but she is too frail to travel here. My wife has Power of Atty. giving her specific powers to open a ...
-1
votes
0answers
25 views

The accounting equation [on hold]

Assuming that the total assets and total liabilities are equal to 10 and (5) respectively. According to the accounting equation: Assets = Liabilities + Owner's Equity is the Owner's equity going to ...
0
votes
0answers
5 views

Why did the inverse correlation of stocks and commodities stopped working in 2008? [migrated]

Usually, the commodities asset class is considered being inversely correlated with other asset classes, due to its nature of an input for manufacturing (if the prices of commodities go down, the ...

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