0
votes
1answer
83 views

Warren Buffett's partnership dividends

In Warren Buffett's early partnerships, what was the treatment of dividends from the stocks owned? Were they counted as part of the profits, or were they paid out directly to the partners? I tried ...
2
votes
2answers
261 views

We're taking a sabbatical in less than two years. Ideas for investing money until then?

My wife and I are planning on taking a sabbatical year off in 2016. We are following a path of 6 years of working very hard, 1 year rest and reflection, repeat. I realize this is not suited to all, ...
8
votes
10answers
2k views

Ideal investments for a recent college grad with very high risk tolerance?

I recently graduated college and got a steady job making decent money as a software engineer/programmer. I make more than enough money to sustain myself and save up money, while still having money ...
1
vote
1answer
29 views

Better to have a non-registered (taxable) investment account in one/both names and/or based on income?

This question is for those familiar with Canada's income tax laws. My wife and I have maxed out our TFSAs. We also max contribute to our kid's RESPs. We also contribute a healthy amount to our RRSPs ...
-1
votes
0answers
34 views

Have I calculated my Amazon seller costs correctly?

I wish to sell an item at £100 in the electronics category. It is subject to 7% + a fixed closing fee of £0.75 sellers fee of the final total amount. It will also be subject to Luxembourg VAT sales ...
1
vote
2answers
62 views

Is Quit Deed all I need?

I would like to get the title of my late grandparents house out of his trust, and into my name (Grandson) and my uncle's(Son) name. Should I get a lawyer or is this really all I need. Its Illinois ...
7
votes
3answers
491 views

Ways to invest my saved money in Germany in a halal way?

I will be graduating soon from university with a masters degree in computer science. I will get a good salary when I start working and I will save about 1000 euros each month. However I'm looking for ...
2
votes
1answer
107 views

Is it necessary to pay tax if someone lends me money to put into my mortgage?

So I have a fairly big mortgage and a family member of mine has a fairly large sum of cash. As he doesn't want to invest in any investments, it's just sitting there in the bank gaining interest in ...
-1
votes
0answers
44 views

The best earnings calender for S&P500 companies?

Only S&P500 companies on the web and free. Or/and an updated s&p500 watchlist that lists RNS's and earnings etc? Thanks
0
votes
0answers
32 views

Receiving money from overseas for a business

My friend is sending me a large sum of money from Germany to open a business in USA. Am I supposed to pay taxes for on that money? Should I open the business account first?
0
votes
4answers
135 views

Best refinance option

Edit 8/13 3:30pm: Thank you everyone for the helpful advice so far. The lender behind Options A & B contacted me and lobbied for himself, saying there is a $1000 credit towards closing which ...
1
vote
2answers
263 views

What options exist to make money in the US on a work-restricted visa?

So someone I know started selling on eBay, we live in the US. Her visa does not allow her to work, so instead, she decided to try making money online. She has made about $1000 in 3 months. With A ...
0
votes
1answer
74 views

Should I only look at P/E ratio when valuing a stock?

A company is earning 40 cents per share and is trading at $6.00. From there I get the P/E ratio to be 15. It does not have much growth potential and it's earnings are relatively stable and has been ...
-1
votes
1answer
49 views

How much money in the UK? [closed]

How much money is in the United Kingdom economy? What I mean here is the total including cash, gold/silver reserves, real estate, brands, and really everything you could think of.
2
votes
1answer
60 views

Paying for Long Term Care Insurance for relative

My mother-in-law (in her 60s) has no assets, and a pension (state and Social Security combined) of less than $700 month when she retires. Currently, I'm paying for LTCI ($150/day, 90-day elimination, ...
3
votes
1answer
63 views

How do I invest in emerging markets

I'm a casual investor who is interested in diversifying into emerging markets. I have too much in US equities at the moment. Are there any good websites to research and track good investments in ...
16
votes
5answers
4k views

Dad paying for my new home in cash. How can I buy the house from him?

We found a home we would like to purchase (U.S.). It was the 2nd day on the market and there were already two other offers for it, so we decided to make a cash offer ($230K) as my dad agreed to pay ...
1
vote
1answer
29 views

Income tax Rebate on more than one property

I have purchased one house property at Bhopal. which is constructed. For which I paid Rs. 280800/ pre EMI interest & Rs. 260000/ EMI interest. I purchase another house property in Gurgaon. It is ...
1
vote
1answer
111 views

Need exit strategy for aging mother who owns aging rental properties, please

I'm terrified for my 71-year-old mother's immediate future. She owns 12 residential rentals. We desperately need an exit strategy but she owes as much as or more than market value, and cannot afford ...
0
votes
1answer
67 views

How many allowances on my W4?

According to the IRS's online calculator, I should write "EXEMPT". According to the W4 worksheet, I should write in 11. I want to pay the least taxes without owing at the end of the year. Here is my ...
5
votes
4answers
244 views

Sudden Wealth Management

My father passed away last week. I am not yet sure how much his life insurance is, it will be anywhere between 100k and 250k, which I know is a big range. Either way, I am having a bit of anxiety as ...
0
votes
1answer
76 views

Can I buy stock of a company that just IPO

I'm a college student, and I wonder if I can buy stock from a company right after it finishes its IPO? To be more specific, I'm interested in the IPO of Alibaba, which hasn't happen yet. If I am not ...
3
votes
2answers
122 views

Chipping away at large loan, or get rid of smaller ones? Student debt

I am currently $50k in debt from school. I have $9,500 in saving specifically saved for paying off student loans. I am wondering if I could get some quick advice as to what/why I should be paying off. ...
2
votes
3answers
61 views

Buying Fixed Deposit in India from Europe

Given the chance, does it pay off to open a FD in India (high interest rates, high inflation) with Euros (low interest rates, low inflation) from Europe? Or is it too risky on the long run (~ 1 ...
0
votes
0answers
31 views

Which online brokers offer free or cheap IRA conversions and transfers?

I am considering to a backdoor conversion between a traditional IRA and a Roth IRA. The problem is my current broker's FAQ states that they don't support IRA conversions at this time. Does anyone ...
3
votes
1answer
89 views

Should my live-in significant other and I both have renter's insurance?

My significant other and I both have our names on the lease for our shared apartment. We are not married. She has a renter's insurance policy that she claims is enough to cover both her belongings and ...
1
vote
1answer
64 views

How can we confirm if a telegraphic transfer has been credited to the beneficiary's account?

A while ago, I made a foreign telegraphic transfer from a bank account in Bank A to another bank account in Bank B. Bank A then sent me an 2 email; one confirming that they have received my FTT, and ...
0
votes
0answers
23 views

Tax Payment Filed vs Tax Adjustment Filed Ratio in USA

How often/frequent tax adjustment is made against tax payment in USA. Can anyone give me, tax adjustment vs tax payment filed ratio in USA.. I want to know tax adjustment is frequently used or rarely ...
0
votes
2answers
67 views

Minor open checking and saving account

Is it the norm for banks to allow a minor (age 17) to open either or both types of accounts in America?
1
vote
2answers
78 views

How to pay taxes owed to IRS while in another country?

I got a notice from the IRS that I need to pay them for taxes owed in 2012. How shall I pay the taxes online? I am currently in a foreign country. I do not have Fedex close by. Is it accepted to ...
-2
votes
0answers
51 views

How to calculate tax liability for consultant in India working for a foreign company?

Suppose a foreign company is paying complete 9 lakhs per year to a consultant, without withholding any taxes i.e. 75k per month. Suppose following information - Savings 1,50,000 Rs per year ...
0
votes
1answer
37 views

What is my Tax position on short term (90 day) on-site contracts in the UK and will I owe taxes in both countries?

I am considering a short term project in the UK maybe a total of 90 days between now and the end of 2014. I live in the US. The recruiting firm that contacted me has a UK branch and a US branch both ...
-2
votes
0answers
95 views

How to establish an inter-family loan system?

I am going to establish an inter-family loan system. The interest rate would be zero. This is how it's gonna work: N people become members of my so-called bank. Before becoming eligible for receiving ...
0
votes
1answer
64 views

What does an interest rate “calculated daily and paid monthly” on my bank account exactly mean?

I have a CIBC premium growth account that offers a "0.20% interest rate on every dollar you save calculated daily and paid monthly". I'm just curious as to what the 20% Premium Growth interest rate ...
0
votes
0answers
38 views

Will my new job use the tax code from my P45?

If I've given a copy of my P45 to my new employer will they use the tax code on it to calculate the tax I should pay for the first month. For instance: 1000L
0
votes
2answers
47 views

How to insure belongings on road trip?

I'm shipping my car with a reputable carrier across the country. I am going to put some of my belongings in the trunk. I have insurance on the car, but if I wanted to insure the items in the trunk ...
-2
votes
1answer
66 views

Day trading definition

When I read the rules I get a little confused regarding the term "same stock in same trading day". If I buy 10 stocks on Monday and sell the same on Tuesday (different trading day) would I be ...
0
votes
2answers
117 views

How to withdraw money given only account information (account number/routing number/etc.)

It's not safe to give out your bank account number since it allows people to withdraw money. But if it's so easy, what's the easy process? i.e. is it even legal (assuming you have permission)? And ...
0
votes
1answer
25 views

are my calculations for PV, NPV, and rate of return right?

Note: This is not a homework. I teach myself some financial principles and I made up this example to find out if I understood these principles. This example is a just a normal example nothing is real. ...
0
votes
2answers
146 views

How is tax avoidance on home purchasing avoided with Fair Tax implementation?

Under the proposed Fair Tax, we would no longer have an income tax and instead move to a federal sales tax. On an ongoing basis this results in approximately the same tax revenue, in theory of ...
1
vote
4answers
227 views

Faceboook buying Watsapp for 19 Billion. How are existing shareholders affected?

A bit late in the game. But was curious on how this deal works out. Facebook bought watsapp for $19 billion. This involved $4 billion in cash, $12 billion in stock and $3 billion in restricted stock. ...
-1
votes
2answers
84 views

How does a tax exemption for an action = penalty for inaction?

This business of framing an event as a gain or loss has applications beyond settlement negotiations, of course. And sometimes the framing is simply a matter of words—the “cash discount” that is ...
1
vote
1answer
78 views

Avoid Paying COBRA Premiums When Unused

I would like to avoid paying for Cobra insurance for a month between jobs if I do not use the insurance. It would not be a lapse in coverage for preexisting condition purposes. Basically for the ...
-1
votes
0answers
40 views

Pros and Cons of Credit Cards (and proper usage) [duplicate]

I am getting married soon, and my fiance and I are discussing money issues so that we will be on the same level about it. We plan on having joint everything, but we can't seem to agree on the topic of ...
-1
votes
0answers
43 views

{What is / How do I find} the ideal bank for my needs? No fees, wont borrow or save, want online banking and VISA

I am annoyed with my bank charging me little fees for things that don't make sense, including using my card to pay in stores and paying bills online. I want to set up an account in a bank that doesn't ...
1
vote
2answers
190 views

Can I pay too much into an IRA?

Is it possible to accidentally put too much into a Roth IRA? Suppose I have setup direct deposit to contribute $5500 annually to a Vanguard fund, but my math was off and I contributed $6000. What ...
-1
votes
0answers
16 views

Handling Insurance for Loan Amortizations

I've learn from Loan Amortization with Insurance that insurance charge is still proportional to the outstanding balance. It is adding the insurance rate to the current rate. At the moment I'm having ...
-1
votes
1answer
70 views

Money blocked on debitcard by PayPal

I bought some airline tickets using paypal (I have a debitcard associated to this account) and it seems that paypal debited the ticket price once and then also blocked the same amount on the card. ...
29
votes
8answers
7k views

Why are credit cards preferred in the US?

Where I'm from, credit cards are common, but they're not considered the main daily use-case, as opposed to debit cards. What are practical reasons credit cards are preferred over debit cards in the ...
-2
votes
1answer
27 views

calculate return on investment [closed]

I am interested in calculating returns from a fixed no of periodic investments that is redeemed at a specific time after the last payment. ex : periodic outflow of 3000 on a monthly basis for 8 ...

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