0
votes
1answer
8 views

What is selective disclosure?

I was reading This Ex-Microsoft Exec Will Not Sleep Until He Reinvents Investing, and the article stated: ... Motif can't fix the problems of selective disclosure that gave institutional ...
-1
votes
0answers
45 views

Pros and cons of opening joint portfolio

From a tax perspective, what are the pros and cons of opening a joint investment account? To be more specific, I have a portfolio made up of Vanguard index funds. My girlfriend would like to start ...
0
votes
1answer
4 views

What are the advantages of spinning off a company?

A big story is the news this week is that Ebay is planning to spin-off PayPal into their own company. What are the advantages of such a move? On one side, I see this as only weakening Ebay, as it ...
0
votes
2answers
37 views

When to use visa debit /MC debit

When I open up a regular checking account, I get an ATM/DEBIT card? So what exactly are the pros/cons of using a Visa/MC Debit card over the debit card provided by my bank?
9
votes
2answers
277 views

How to fill the IRS Offer In Compromise with an underwater asset?

I owe about $6k in back taxes, and simply don't have the money--it's hard for me to find even minimum wage jobs in the current economy, and I am burdened with consumer debt. After speaking with the ...
-1
votes
3answers
60 views

Why should I choose a 401(k) or IRA over a standard brokerage account?

401(k)'s and other retirement accounts have limits on restrictions on when your money can be withdrawn. But let's say I score a job making a huge sum, can save a lot, and want to retire decades early. ...
3
votes
1answer
1k views

W2 and 1099 (self employed) income in same year: social security taxable income limit?

For 2013, the maximum taxable social security income for employees on wages is $113,700, and for self employed individuals it is also $113,700 (though obviously at a higher rate). Suppose a person is ...
-4
votes
2answers
36 views

Why must I send a Tax Return document to the IRS if they already have all the data?

The IRS obviously knows all my tax info or they could not check it. Why don't they just bill or refund to me? No one else asks me to do their job for them and penalizes me if I do it wrong. It is ...
2
votes
1answer
48 views

Canadian accepting money electronically from Americans

What are some methods I can receive money from someone in the States if Paypal is out of the question? I run a small electronic cigarette company, and I'm finding it hard to find an easy method to do ...
12
votes
5answers
943 views

How do I prevent getting a Tax Refund?

I'm a few years out of college now. I've filled out my W4 accurately and I still get a tax refund every year of a pretty sizable sum. The thing is, I have student loans and I would much rather have ...
10
votes
2answers
411 views

Explanations on credit cards in Canada

I recently moved from France to Canada, and am a bit lost regarding the way credit cards work in North America. Let me explain my understing to give some context to my question: In France, one has ...
4
votes
2answers
208 views

What to do with a distribution as a young person?

Thanks to the private company owned by my grandfather, my wife and I received a fairly large lump-sum distribution. We now have a financial advisor and most of our money is in mutual funds, but are ...
0
votes
1answer
124 views

How to fill out form W4 when I'm earning $1600 extra income per month?

August 22 was my last day at a job that paid $76,000 / yr. Afterward, that job is supposed to pay me $400 / wk for consulting for $1,600 / month. At the new job (which I started on Aug 26) I'm making ...
0
votes
0answers
13 views

How to get variables for calculating “intrinsic value” of Berkshire Hathaway?

I would like to calculate Berkshire Hathaway's balance sheet value and "intrinsic value" as described in Warren Buffett's Berkshire Hathaway - Uncovering Intrinsic Value. However, I can't figure out ...
3
votes
1answer
48 views

How much off list price can I reasonably expect to get from a dealership on a used car?

Background: I'm looking at buying a used 2012 - 2013 Honda Civic from a dealership. This is my first ever car purchase, and with my lack of knowledge I am concerned that I will overpay in ...
2
votes
2answers
14 views

Loan for Retired People in India

Is there a way to get loan for Retired people in India to buy a house? Can their working son or daughter being a NRI co-sign for surety purposes? Any bank or institution that you can suggest - thanks ...
7
votes
8answers
257 views

What is a good way to save money on car expenses?

What are good ways to save on maintenance/fuel and prolong the life of a car?
26
votes
13answers
6k views

Why might it be advisable to keep student debt vs. paying it off quickly?

As of a couple weeks ago, I paid off all of my student debt. Hooray... But I have a friend named A who has a friend named B who is a financial advisor (a young so therefore perhaps ignorantly ...
-1
votes
1answer
24 views

Financially Shielded Entity Separating Individuals Behind It From Risks

I recognize that some will get emotional when reading this question because I've asked it with friends and it created some tensions with some of them. I am simply asking from a pragmatic/possible ...
27
votes
5answers
4k views

What are the economic benefits of owning a home in the United States?

I am trying to figure out if owning a home is more economical then renting. According to all the tools, according to the rent I pay now (< $800) owning a home is not economical, even in the long ...
5
votes
3answers
1k views

What exactly is “Perfect Money”'s guarantee?

I'm thinking of depositing a substantial amount of sum into Perfect Money. The advantages are: Much easier to do international transfers (I buy and sell things online) Much much better interest ...
1
vote
0answers
36 views

Can I open a checking account online in the US without typical proof of residence?

I don't have a utility bill, driver's license, or USPS card linking me to my address, just a lease that has my name written last minute in pen as an additional tenant. Is there any way I can open a ...
0
votes
1answer
35 views

Will I be taxed in India

I am on a project (1 year duration) in Qatar. I am remitting money thru TT to my HDFC Bank savings account in India. All family maintenance/expenses and Home Loan EMI is deducted from this Saving ...
27
votes
3answers
7k views

My credit card company is asking for my current income citing “Federal Regulations”

So I received an e-mail today from a bank from whom I have an existing credit card as follows: To consider you for a future credit line increase, federal regulations require us to have your ...
1
vote
1answer
126 views

Settling small transactions between friends via cash vs bank transfer

Often when out for a movie,etc with friends, we end up with having to pay each other Rs 200-300 (usually < 500) to settle out the differences. Most people are fine with others transferring the ...
2
votes
5answers
126 views

What's the difference between a high yield dividend stock vs a growth stock?

I'm new to investing and still learning my way. What's the difference between a stock that stays relatively stable during good and bad times and returns a high dividend vs a stock that is supposed to ...
4
votes
1answer
701 views

Account with NatWest compromised. Will I get a refund?

Someone from Cambodia has managed to withdraw over £500 from my account about 36 hours ago. I just found out now and been on the phone to Natwest fraud team. They say they will get back to me within 5 ...
3
votes
1answer
173 views

Roll over Post-1986 401(k) to Roth IRA

I have a 401(k) that only has "post-86 after-tax" contributions and earnings. I left the company and was thinking about rolling over the whole balance to a personal Roth IRA. This would be a direct ...
-1
votes
0answers
14 views

I seek your advise on FB Ads and transaction of money from US based company [on hold]

I seek your advise on FB Ads and transaction of money from US based company. We are running a digital marketing company in Mumbai and we mostly serve overseas clients. We are running Facebook ads ...
0
votes
1answer
26 views

Post-tax HSA contributions above the IRS limit

Through a payroll error this year I over-contributed to my HSA. I know that I am able to request a taxable disbursement for this amount before my filing date. However, I am having difficulty finding ...
2
votes
0answers
25 views

Is Mint allowed to share user data with other Intuit entities?

Mint seems like that great piece of software to help show, or at least gather the pieces of, the big picture in one place that we've all thought about crafting but didn't. I'm fine Mint having this ...
-2
votes
1answer
22 views

How can one take delivery on the FOREX market?

I am trying to understand a little bit about the currency market. Lets say I have $10,000 dollars in cash and I am trying to buy 8000 Euros with it. Now when I take delivery, what does that mean? Can ...
4
votes
1answer
115 views

Is there a rule of thumb to help “Sanity check” insurance costs?

My house insurance is up for renewal. I'm busy and I don't want to spend a lot of time getting quotes, especially since this policy is tied to another one that is hard to get and that we could only ...
1
vote
1answer
165 views

How would the following income be taxed?

Excuse the lack of terminology here. A general contractor who is also a friend is seeking money to purchase, redo and then sell an existing home. He has about 85% of the total amount to purchase the ...
-3
votes
1answer
62 views

I own but do not live in a flat. Am I responsible for damage caused to neighboring flat? [on hold]

I am on the title and mortgage of a flat with my wife (soon-to-be ex-wife). I moved out of the property a couple years ago and still pay my part of the mortgage. Since then my (soon-to-be ex)wife has ...
2
votes
2answers
35 views

Tax implications of dispersing trust to my child's 529 plan vs directly to me

I will be inheriting a portion of my father's trust. My child is in college now, and I contribute the full amount to the trust every year. Are there tax advantages to disperse proceeds from the trust ...
1
vote
1answer
94 views

Is there any way to pay online in a country with no international banking system

I live in Ethiopia and based on the National Bank of Ethiopia, it is illegal to get any money out of Ethiopia with out a special permission of the bank, and I personally want to make some online ...
1
vote
1answer
42 views

How is Massachusetts state tax on unrealized capital gains calculated?

My state (Massachusetts) imposes a 5.2% tax on unrealized capital gains. [1] I'm trying to understand how this tax is calculated. Here's an example: John Doe makes $50,000 in a given year. Meanwhile, ...
1
vote
1answer
116 views

What is the rationale for a separate “National Insurance” tax in the UK? [closed]

In the UK there's a type of income tax called "National Insurance", similar to regular income tax. http://www.hmrc.gov.uk/ni/ What is the rationale for having this separate income tax? How does it ...
0
votes
0answers
7 views

trading US stocks from Trinidad&Tobago [on hold]

looking for a US broker i can use to open an online brokerage account to trade the US stock market from Trinidad&Tobago.
9
votes
1answer
172 views

Should I pay the insurance discounted rate or the full rate for an ambulance ride under my deductible?

I had to call recently an ambulance because of a food allergy. By the time I reached hospital, I was okay. Last month, I recieved a bill of 3500 USD. I am just wondering, is it a fair charge? Since my ...
1
vote
3answers
660 views

Can you recommend some good websites/brokers for buying/selling stocks in India?

Could you please recommend some good websites/online share trading portals/brokers for buying/selling stocks in India? Some desired qualities... Low brokerage Ease of use (all transactions should be ...
1
vote
1answer
46 views

Calculating the effect of prepaying your loan

I am asking about the mathematical formula, or constructing the amortized loan table, of the effect of someone prepaying their loan. According to this website, you'd calculate the monthly payment ...
0
votes
2answers
80 views

Does HFT punish long-term investment?

Does the profit made from HFT reduce profit from long-term investments?
3
votes
1answer
60 views

Can a bond's market price rise above its lifetime value?

I'm just learning about bonds, reading an introductory book about investing in German. Please correct me if terms are wrong, and if this question can be improved. Consider a bond: Lifetime: 3 years ...
2
votes
1answer
35 views

Will it be taxable if I transfer money from UK account to India account?

I am a resident of India and currently in UK for 1 year on a work permit where I am getting salary in Pounds. My Indian salary has stopped till the time I am back in India. Now, I have a Home Loan ...
2
votes
1answer
65 views

A couple questions about Social Security benefits and making extra money

What is the limit I can make when it comes to working while on Social Security? If I get a prepaid debit card for the money I make, do I have to report my earnings? How do I go about doing this?
-2
votes
0answers
27 views

Portfolio weights and investor's risk-aversion

If one can choose between two portfolios, from which the first one consists of a risky asset A and a risk-free asset and the other portfolio consists of a risky asset B and a risk-free asset. The ...
-2
votes
1answer
25 views

VAT & Tax implications of selling software

I'm having a major problem trying to find out how tax and VAT works when it comes to selling software. I believe new legislation has come in regarding how it all works. I am based in the UK and want ...
0
votes
0answers
28 views

third-party mediator for two businesses? [on hold]

I am about to start a startup. application - consumer products. Mainly speakers and headphones. Now for the headphone, there arent many decent quality drivers, in the open market, to build around ...

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