0
votes
1answer
28 views

Does insurance cover injury playing rec sports

If I get hurt playing recreational soccer after work, will my employer insurance cover my medical/hospital expenses?
0
votes
1answer
36 views

How to transfer money from the US to India without paying taxes?

During my tenure in US, I deposited money in Wells Fargo checking account. I had to move to India last year. Now I would like to close the Wells Fargo account and get money transferred to India. ...
0
votes
0answers
14 views

Adjustable rate loans based on LIBOR spreads

I'm trying to create an operating model for a company based on a macabacus.com template. I'm working on the debt schedule and need help understanding LIBOR rates. If you scroll to line 248 in the ...
0
votes
4answers
55 views

Landlord retracts email offer of lease (Michigan, USA): What recourse do I have?

I rented a room (Michigan, USA) and stayed there from Jan to June 2014. The entire agreement was done through email, including 'signing' a lease (there was no actual signature, the landlord and I ...
2
votes
2answers
93 views

Formula for how to distribute a loan payment between multiple loans such that the remaining principal accrues the least interest?

Assume 4 loans (Balance @ monthly interest): $10,000 @ 5.5% $5,500 @ 7.25% $2,000 @ 5.5% $1,000 @ 4.5% If I am looking to pay $7,250 towards principal only, how would I calculate the ...
2
votes
2answers
105 views

Employer is making a student loan payment on my behalf. Does this need to be claimed as personal income?

As an incentive to employment my company is making a large lump sum payment towards my student loan debt, lets for this example say $5,000 (the real amount is different). They have inquired about my ...
-1
votes
0answers
15 views

Taxation when indian company gets collaborated with US company. [on hold]

We are an Indian company working with US clients and we got collaborated to US company for collecting the amounts from the US customers.Now how the amounts will be transferred to Indian account.Say we ...
-2
votes
1answer
41 views

How are derivatives different from bucket shops?

How are derivatives like covered warrants or CFDs different from the bucket shops that were made illegal in the US? Should I worry that some regulator decides that my "market maker" is an illegal ...
0
votes
1answer
58 views

Loan math problem

There was a 9gag post some time ago with the following problem: A car dealer offers Lachlan a car that is priced at $21800, but he only has a $600 deposit. Lachlan's trade-in is actually worth $500. ...
5
votes
3answers
456 views

Why and why would/wouldn't a company split their stock?

When Apple was in the high $600 or so range, it split 6 times and made it more affordable to purchase more shares for less, even though the value was technically the same. I see companies like Google ...
1
vote
1answer
70 views

Are Roth IRA withdrawals within the same year as contributions tax free?

A couple of months ago, in this calendar year, I contributed $1,500 to my Roth IRA. I didn't invest it, so it still is worth only $1,500. I now need $1000 back, and so started to fill out a ...
-1
votes
0answers
42 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 day4. I then went ahead and bought other stocks on day2 ...
1
vote
0answers
33 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 ...
10
votes
2answers
1k 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 ...
1
vote
0answers
30 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
3answers
127 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
31 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 ...
1
vote
3answers
76 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 ...
1
vote
1answer
36 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 ...
14
votes
8answers
4k 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
56 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
45 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
31 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
66 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
89 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 ...
1
vote
4answers
99 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
39 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
30 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
116 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 ...
9
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 ...
2
votes
2answers
70 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
1answer
30 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
56 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. ...
3
votes
1answer
59 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
48 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
31 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
360 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
51 views

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

Loyal3 is an example of crowdsourcing.
0
votes
2answers
93 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
40 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
125 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
63 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
150 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
84 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
16 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 ...
5
votes
1answer
140 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
33 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 ...
1
vote
2answers
34 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 ...

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