1
vote
3answers
818 views

Transfer from regular savings to NRO account

I have a regular savings account in India and a NRE/NRO account as well with a different bank. I just haven't gotten around converting my regular savings to NRE/NRO. Can I move my funds from regular ...
4
votes
2answers
126 views

How do I get myself out this disastrous situation

I put a car in my name and my fiancé was the co-signer for a lease because his credit wasn't good. Now we aren't together and he stopped paying and everything is on me. I also leased a new truck from ...
6
votes
6answers
2k views

Am I considered in debt if pay mortgage?

75% of Americans are in debt. I'd like to know if I'm also considered in debt if I am paying my mortgage for the house. I didn't think I was in debt if I own the house. I guess I pay 'rent' to a bank ...
1
vote
2answers
24 views

How to buy a house without being over-exposed to real estate

Buying a house can all-of-a-sudden make 90%+ of a person's portfolio be invested in real estate, actually one very specific piece of real estate! Which is against all the advice we're given to ...
38
votes
12answers
9k views

Should I pay off a 0% car loan?

I'm ahead on 0% interest car loan. I don't have to make a payment until October. I currently owe $3,000 and I could pay it all off. Should I do that or leave that money in my savings account that ...
5
votes
0answers
21 views

How does a tuition insurance payment affect 529 withdrawals?

Qualified college tuition and expenses were paid from a 529 plan in 2014. The school sent a 1098-T and the 529 plan sent a 1099-Q and everything was fine on my 2014 taxes. In 2015 my child has left ...
2
votes
2answers
40 views

Can I enroll in an FSA if my employer doesn't offer it?

I'm really REALLY interested in opening an FSA. I've asked my employer and they say they don't offer it. We have insurance through them with BCBSGA. It isn't a HSA qualified plan. So is there a way to ...
1
vote
1answer
72 views

Can large long-term capital gains be offset by not being employed?

If I understand correctly, you pay 0% long-term capital gains tax if you are in the 10% or 15% income tax brackets (i.e. if you make $37,450 or less). If I knew I had to sell my stock that had, ...
0
votes
3answers
54 views

Can a custodian refuse prior-year IRA/HSA deposit postmarked April 15?

When switching from a bank to a credit union for an HSA. The old bank had the following text on the DEPOSIT SLIP, which was provided in the envelope together with their VISA debit card: Prior ...
0
votes
1answer
25 views

Public source for SWAP rates

I am trying to find a publicly accessible source for EUR, GBP and USD swap rates. Ideally it would have to include 5 years, 7 years and 10 years maturities. Does anybody around have a reliable and ...
0
votes
0answers
29 views

What are the main differences between Financial and Management Accounting? [on hold]

I'm taking my Introduction to Financial and Management Accounting exam next week and I've noticed that for the past three years the same question has appeared on the exam: Compare and contrast the ...
1
vote
1answer
148 views

Why are Rausch Coleman houses so cheap? Is it because they don't have gas?

I have been looking for a new house for 5 months now. An average price per square foot in my area is $100. However, Rausch Coleman Homes is offering very nice and SUPER CHEAP houses for $75 per square ...
8
votes
2answers
859 views

Is www.onetwotrade.com a scam?

I am considering opening an account with onetwotrade.com. They require me to initially invest around USD 600, payable only by credit card. Is it safe to do so? Is www.onetwotrade.com a scam?
1
vote
1answer
92 views

How can I import customers and invoices from a previous year's Gnucash file?

I've been using Gnucash for the past year for small business accounting as a self-employed contractor. I've read that it's a good practice to create a new file for each year. Now that 2014 has ...
1
vote
1answer
43 views

How is a long call and short stock portfolio equivalent to lending money

In his book 'Volatility Trading' Euan Sinclair writes that a hedged portfolio of long call and short stock is equivalent to lending money. He did not provide much clarification, so I am wondering, ...
-4
votes
1answer
27 views

What is the calculation of net asset value of my brokerage account

In my brokerage account, is my total account balance (cash + equities) the same as the net asset value of the account? Or is there a difference?
2
votes
3answers
135 views

Advantage of Traditional 401k over Roth

I am trying to understand the differences and benefits of putting money in Traditional 401k over Roth 401k. If I have to still pay tax while withdrawing money from my Traditional (pre tax) 401K after ...
1
vote
1answer
96 views

Is there a kind of financial advisor for stock investors? How to find a good one?

I've been at a company for a few years and have some restricted stock units (RSUs) that have vested. I'm on E*Trade and know a little about stocks, but I'm no expert. Is there a financial advisor of ...
2
votes
0answers
81 views

Maintenance costs for home geothermal heating & cooling / ground source heat pump systems?

My realtor showed me a brand new house that has a geothermal cooling and heating system built in. I did some online research and here is the link to that builder's geothermal system explanation. ...
1
vote
0answers
32 views

Basic bookkeeping account entries for a house purchase and mortgage?

I borrow 200,000 to purchase a house worth 250,000, putting down 50,000 of my own. The borrowing is at 5% over 30 years. What are the basic double-entry bookkeeping entries I must make to record this ...
1
vote
0answers
33 views

Undo IRA conversion to an existing Roth IRA?

I have two retirement accounts at the same brokerage. One is a traditional IRA that was rolled over from a past company 401k plan, the second is a Roth IRA that I contribute to with taxable income. I ...
1
vote
1answer
37 views

Setting up a LLC for two partners in different states, what should we look into?

My friend and I are looking into starting our own design agency. The LLC would be based out of Texas, but the other employee would be based out of North Carolina. We would both be full time employees ...
25
votes
9answers
5k views

Why is Day Trading considered riskier than long term trading?

I have read all of these disclaimers about day trading - how experienced and cautious you have to be. But I don't see how it's any different than buying a stock at a low price and holding on to it for ...
4
votes
4answers
730 views

Automatic investments for cheap

I'm looking for a way to do automatic investments (say to put $100 every month into an index fund). I use Sharebuilder for my regular investments, but it looks like they charge $4 per transaction for ...
1
vote
2answers
41 views

Can I deduct retirement plan contributions from my self-employment income?

I'm self-employed. I pay self-employment tax on ( income - business deductions ) * 92.35%. Can I make contributions to a retirement account that counts as a business deduction? More details: I'm ...
1
vote
2answers
38 views

How do I correct an HSA distribution when I was refunded by a health provider?

At work I'm covered by an HDHP with an HSA. My dentist has the policy of estimating the amount that my insurance will cover and asking for the remainder at the time of service. On my most recent ...
1
vote
2answers
29 views

Withdrawal of MPF after 60-years old

I am a Malaysian, I worked in Hong Kong Interbank Clearing Ltd (HKICL) from Nov 2001 till Dec 2004. I resigned from HKICL and left Hong Kong in Dec 2004. My question: I am 60 year old now (my birth ...
2
votes
2answers
34 views

Do I need to calculate my cost basis for S corporation stock and distributions I've received to determine tax owed on K-1?

I'll be using hypothetical numbers to make this easier to visualize. I purchased 2000 shares from an S-corporation for $4000 in December of 2014. I received $1000 in distributions for the shares (box ...
6
votes
2answers
388 views

Can my mortgage company force me to buy condo hazard insurance?

I live in the United States and have a mortgage for my condominium. After 10 years under my current policy, I suddenly received a letter from the lender, saying "A review of our records indicates we ...
1
vote
1answer
43 views

Can my contribution to 529 plan vary monthly?

I want to start 529 plan for my son. I am not sure if monthly contribution has to fixed or I can increase/reduce my contribution as per my financial situation. Eg if I loose my job I may decide to ...
1
vote
2answers
70 views

When does it make sense to early exercise a deep in the money put option

I understand the logic for call options. When dividends exceed the time value left, then it is profitable to early exercise a call. But the same does not hold for a put. So, when to early exercise a ...
3
votes
0answers
63 views

Can return fees be reimbursed from an HSA?

Suppose I buy some prescription eyeglasses from an online site. Then suppose after I get them I decide I don't like them, and I return them. In such a case, the seller may charge me some fee (e.g., ...
0
votes
1answer
33 views

What does it mean to “settle” a short interest trade?

I am trying to understand what exactly happens on "settlement date" as it pertains to short interest in a stock. A similar question was asked here. It refers to the nasdaq.com definition here (and ...
5
votes
2answers
736 views

Should I seek loan forgiveness, or paying off my loan quicker?

A little background: I am a public worker who recently learned about a loan forgiveness program. I have already been paying off this loan (since before the program began) and was not aware of the ...
1
vote
1answer
44 views

Reporting ESPP ordinary income on shares purchased living in Europe

I have shares acquired through an American company I was working for. They were purchased through the company ESPP plan. I was living and being paid in Europe at the time ( I am not a US citizen). 10 ...
5
votes
1answer
2k views

How long does a Postal Check (postal order) take to clear?

How long does a postal order take to clear? 7 days? Or is it instant?
4
votes
1answer
64 views

What are the downsides to refinancing student loans?

I have two large student loans right now (one private one federal) that are through two separate services. As of now, these loans have recurring payments at different times of the month and have ...
1
vote
0answers
55 views

How long should a mortgage take to appear on my credit report?

I bought a house earlier this year (closed on 30 Jan 2015), and while the two inquiries (prequalification from one bank, then the 'actual' lender we went with) about my mortgage appear on my report ...
3
votes
2answers
62 views

Is it possible to use a 529 plan solely for myself, without any educational expenses?

I was setting up an Illinois 529 plan recently. Contributions to the plan are state income tax deductible up to $10,000 per tax payer per year. It got me thinking: What is to stop someone with no ...
12
votes
5answers
210 views

New car vs used: how to compare value?

When buying a car, I care only about what I'd call "pure utility": maximum usefulness for minimum dollars and trouble. I'd always heard that a new car is nearly always a worse deal than one that's ...
5
votes
4answers
2k views

Is it bad practice to invest in stocks that fluctuate by single points throughout the day?

It seems like a no-brainer to me: Find a cheap stock with a good name (Dell, FB, Sony) that fluctuates by a few dollars per day (between -$2 and +$2), and is consistent in the fluctuation throughout ...
-8
votes
1answer
67 views

6 Reasons Why I Don't Invest In The U.S. Stock Market [on hold]

I came across this article as a Google search top hit "number of people investing in stocks". But I am not sure if it makes sense as he is making a lot of claims without any supporting data: ...
0
votes
0answers
28 views

Comparison between Ernie Chan's books: Quantitative trading and Algorithmic trading

I've just finished Chan's first book "Quantitative Trading: How to Build Your Own Algorithmic Trading Business" and plan to read his second one "Algorithmic Trading: Winning Strategies and Their ...
1
vote
2answers
25 views

Questions regarding taxation for Indians living in U.S.( citizens of U.S.)

Greetings of the season. I have some clarifications and questions regarding taxation for Indian's living in U.S. What is the maximum cash gift a person can receive from Indian parents? Beyond what ...
1
vote
1answer
21 views

Tax implication of loan from Korea to US

I'm trying to borrow a large amount of money to buy a home from a friend overseas, is there any tax implication in this case? And is there any limit on the amount?
0
votes
1answer
135 views

How May Cash be Spent Approaching Bankruptcy?

During the bankruptcy filing process, after declaration of intent and prior to actual filing, how may money from the sale of assets be spent? I understand there is a limit to what can be repaid to ...
2
votes
1answer
41 views

Taxes for a UK citizen interning in the US for 3 months

I am a student and UK citizen. This summer I will be interning in the US for 3 months on a J-1 visa. The internship is paid and my salary will be paid into a US checking account. I understand that ...
1
vote
1answer
66 views

Moving Average Calculation In Minutes

I know how to calculate moving averages ("mA") over an x day period, but I am curious about minutes, or is it the same? i.e.; for a 5 day mA you'd add the close price of each of the days and divide ...
2
votes
0answers
17 views

If I forfeited my entire dependent care FSA, can I claim dependent care credit?

I missed the deadline to claim my dependent care FSA for a previous year. Since the entire FSA amount was forfeited, can I claim dependent care credit instead for that year ?
6
votes
3answers
174 views

Why would a bank refuse to open a bank account?

About 4 years ago, I try to open a bank account for my wife and they refused to open an account after they ran her passport. I asked the manager lady why, but she wouldn't tell me why or she refused ...

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