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3 views

Alternative phrase for “fire sales”

According to investopedia: A fire sale consists of selling goods or assets at heavily discounted prices. Fire sale originally referred to the discount sale of goods that were damaged by fire. ...
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1answer
12 views

Ontario debt is high, what does this mean for our future?

I keep hearing how the liberals keep spending and how ontario is in alot of debt. (around 350 BN in 2018). Can anyone explain the impact of this increasing debt for Ontario and Canada? Can we just ...
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0answers
8 views

Is it possible to open corporate bank account in delaware with b1 visa?

We wanted to incorporate LLC in Delaware. Is it possible to open a bank account with a business visa?
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1answer
27 views

How to calculate total interest payments for debt with two interest rates?

If a debt accrues interest at an annual rate of 8% on the principal balance up to $1,500, and it accrues interest at an annual rate of 18% on the portion of the principal balance above $1,500, and if ...
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0answers
13 views

As a UK Citizen, how do I sell shares on NZX?

I'm a UK citizen. Some time ago, I worked for a company based in New Zealand. The company went public on NZX and I ended up with some shares. I have never been to New Zealand and don't have any bank ...
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0answers
29 views

What are simplest examples of buying or spending money to reduce income taxes in Ontario?

What personal (not corporate) tax examples like the quote underneath appertain to Ontarians? Please focus on examples that can appertain to as many Ontarians as possible, thus don't focus on high ...
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1answer
30 views

Is there such service that could transfer money from user's PayPal without I needed PayPal account [on hold]

Is there such service that could transfer money from user's PayPal account dirctly to my bank account even if I don't have a PayPal account?
8
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5answers
853 views

Shouldn't the “credit score” prevent Americans from going deeper and deeper into personal debt?

I'm not form the U.S but I know about the dreaded "credit score" that haunts Americans. I've seen a lot of documentaries and videos on YouTube with people that can't get a loan to buy a house because ...
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3answers
173 views

Reasons to invest in 401k vs pay off loan in 1 year?

I have ~$70k across 401k and Roth IRA. I have federal student loan at $17k with 3.8%. Thus, my NW is $53k. If I choose to invest $19k into my 401k and assume the average rate of return of 7%, my 401k ...
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0answers
48 views

How do I identify product code from a bank account number

I am trying to classify savings account and current account from a bank account number. Need to understand the pattern for Kotak Mahindra Bank
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1answer
158 views

What is “the liquidity illusion”

I came across this visual, but it's a bit complicated, I haven't been able to make sense of it. In so many words, the way I read it is: if defaults pile up, the market is spooked, spreads increase ...
1
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1answer
46 views

Understanding Premium increases in Long Term Healthcare policies

Question confined to Long Term Healthcare policies that provide a fixed daily benefit (unrelated to cost of care) over a fixed number of months. In trying to explain why a premium increase (of 50%) ...
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0answers
87 views

Sugar Daddy wants to transfer money into my account and occasionally buy gifts for his customers..Am I being scammed? [duplicate]

I started talking with a guy and got into a sugar baby arrangement with him. He offered to pay off my credit card and pay me $800/weekly. I never gave him my bank info or anything related to me, but ...
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1answer
120 views

Grandmother's MetLife policy showing up as unclaimed property

Last week, a former co-worker encouraged me to search for unclaimed property in Michigan. I've done this before (several years ago) and did not find anything. However, since I changed jobs a few years ...
3
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1answer
52 views

Is the capital gains tax rate bracket calculated after deductions?

For example, if someone (single filer) makes 45k in regular income and wants to sell stock which would realize 5k of long-term capital gains: Do they pay 15% on the capital gains because, with 50k ...
3
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3answers
121 views

Difference between credit report issued by a credit reporting agency and credit karma credit report

I use Credit Karma to check my credit score and report. I'm also aware that I can consent for businesses or persons to request a credit report on me from a credit reporting agency (equifax, transunion,...
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5answers
6k views

Is it appropriate for a prospective landlord to ask me for my credit report?

Context I'm looking at renting a house. The application the realtor sent me specifies: Below is what is needed to submit an application on [Address] and a few lines below specifies: Credit ...
0
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1answer
34 views

How to find ETFs that meet both criteria: region (Asia/ China) and sector (technology)? [on hold]

Is there a Chinese stock index comparable to the NASDAQ 100 or NASDAQ Composite covering Chinese technology stocks with the highest market cap? And are there corresponding ETFs or Mutual Funds?
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2answers
111 views

CDOs before the 2007 crisis

I read somewhere that before the financial crisis of 2007 the financial instruments (CDOs) were so complex that the investors could not analyze them. Were they just complex or was there no public ...
1
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1answer
76 views

Placement student savings account

I have started a placement year (full time job for 14 months) as part of my university degree. I am looking to save a regular amount of money each month - something that would gain interest (if ...
2
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2answers
90 views

Where to pay taxes?

I am a Croatian citizen residing in Spain. I got a job offer in Germany where I would be working from Mon - Thu, and rest of the days I would be back in Spain. I would be working with a company as a ...
0
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2answers
193 views

Where do I go to invest?

I have been reading up on investing my spare savings in index funds/bonds and so forth and I am very interested in saving my money for long term use. But all the sources are not clear on what and ...
4
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2answers
121 views

Security deposit as rental application deposit

I'm considering renting a particular apartment in the Pittsburgh area and the landlord is asking for the security deposit of one month's rent to be submitted along with the rental application, before ...
3
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1answer
53 views

Is there a way to use an ANZ Visa card overseas without a mobile phone for Verified By Visa?

I'm an Australian travelling in Asia on a budget. I've always travelled without getting local SIM cards so no phone. I rarely make purchases online. About four months ago I bought a flight online ...
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0answers
45 views

Market-Making Game Strategy [on hold]

Further to https://www.trade2win.com/threads/market-making-interview-games-and-questions.160886/ and https://math.stackexchange.com/questions/1227122/market-making-card-bet-game, I thought that it ...
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1answer
156 views

Does the IRS notice if the same estate is left sequentially to a series of spouses? Does it care?

Sorry if this is too frivolous. Just tell me nicely if it is. It is very hot, and my mind drifted -- as whose would not? -- to estate taxes. As many of us know, in the US, any amount may be left ...
0
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1answer
72 views

How is Barclays Everyday Saver interest rate calculated

I searched online and they said it's 0.25%-0.30% per year. But since my balance is ever-changing, how do they really calculate the interest? Do they just snapshot your balance on a certain day of a ...
1
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3answers
271 views

Is it free riding if you buy and sell the same stock on the same day

Suppose you have $0 balance in a cash account. You buy ABC for $1000, and sell it for $1050 on the same day. Is it a free riding violation?
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0answers
136 views

Sold house behind on mortgage paid 23,000 more towards loan [on hold]

How come I owed $247,000? When I sold my house and behind on mortgage. When the house was sold, I had to pay $273,000 to the bank. How come nothing was paid down on the loan??
1
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2answers
73 views

Bid and Ask in Stock Market

Further to the discussion on "Can someone explain a stock's "bid" vs. "ask" price relative to "current" price?"Chris W. Rea answered: In a stock market, the bid and ...
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0answers
48 views

When Does “External” Data Qualify as Material Nonpublic Information?

For the sake of example, let's say company X is a publicly traded company that manages a chain of department stores. I go to each storefront and setup security cameras to monitor customer traffic, ...
0
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1answer
50 views

How to benefit from different forward rates

This is an exam question that I cannot answer using my textbook so I came to this site for help: Assume that I can buy a 2, 2 forward rate of 11% at the stock market, that is in two years I can ...
2
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5answers
212 views

What should one do to not lose the value of his money over time

I live in Europe with my parents. I work and I have around 18k € (US$ 20k) in my bank account. I know that money loses its value over time and I wonder what I can do with that money and my income ...
1
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0answers
16 views

1031 Exchange Scenario

I'm looking to sell a single family rental property for $400K and buy two with a 1031 exchange. I should have about $150K to put down. I may look at turning one of the new properties into my primary ...
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2answers
66 views

Do the rebalancing costs of leveraged ETFs really outweigh the leverage?

I read the answers from the following two posts describing why daily leveraged ETFs are a bad idea to hold in the long term: Investing in a leveraged index ETF for retirement. Risky? Why are daily ...
2
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4answers
198 views

Do extra mortgage payments typically go directly towards principal?

I have a 30 year mortgage and I'd like to make extra payments each month to speed up the amortization schedule. I thought this would be better than taking out a 15 year mortgage as it gives me some ...
-1
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0answers
15 views

Can the New Development Bank by BRICS countries compete with World Bank or IMF? [migrated]

The BRICS countries have created the New Development Bank with an initial pool of $100 billion. What factors will determine if the NDB can ever compete with World Bank, ADB or the IMF?
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0answers
65 views

How to treat a bonus for tax purposes if moving states

I moved from NY to a tax-free state in December of 2018. In January of 2019, I received a cash bonus from my employer. Despite not living in NY anymore, the company withheld NY state income taxes for ...
4
votes
2answers
352 views

How can I convince my friend not to send money to scammers?

I have been in contact with a guy from Ethiopia for a while. He is desperate to leave the country as soon as possible. Recently he started chatting with some person who claims to represent a ...
0
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2answers
50 views

Trust vs. Foundation vs. DAF

Is there a mechanism by which you can put aside a lump sum of money (before or after your passing) wherein the money can just sit and earn interest in a safe investment in perpetuity and disbursements ...
0
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1answer
112 views

Is it possible to get a VISA card without support for cash advances (debit)?

I have a VISA card from a major USA bank. I always ask if I can have a card without support for DEBIT (cash advances). I'm wondering if VISA even allows that. In case you're curious for the reason ...
-1
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1answer
178 views

Are there any bills that do not need to be paid at all? [on hold]

Do all bills need to be paid, or are there any types of bills that do not need to be paid at all? Here are some examples that I can think of: A bill that claims a service that I never received. A ...
1
vote
1answer
38 views

Australian exchange rate qustion

Can a person in America lend money to a person in Australia in order for them to benefit from the exchange rate. I want only my initial amount lended to be returned. Are there any consequences to me ...
0
votes
1answer
54 views

US press releases API [on hold]

This is more an IT/Stock question, but does anyone know of a source where I can bulk download earning press releases for US (NASDAQ/NYSE stocks)? Similar to what seeking alpha have: If you scroll ...
1
vote
2answers
110 views

How to choose an Online Investment Platform?

TL;DR: Although I know all the things I want out of an online investment platform, I have no idea how to find which platform best offers those things. I have spent some time organising and planning ...
0
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0answers
97 views

How to prevent my phone number being searched online? [on hold]

Recently, read an article about phone number being used to hack into one's account. https://nyti.ms/2P8kKZ4 What needs to be done to prevent my phone number being searched? (Return invalid hyperlinks ...
1
vote
1answer
131 views

Unrecognized debit card charge

This monday i got an email from my bank saying that i have an unrecognized charge from my debit card. That is an old debit card( about a year and a half i no longer use), with no money in the account,...
2
votes
1answer
186 views

What happens to small bills if they are unpaid?

I understand that bills are sold to collection agencies if they are unpaid. But what about very small bills then? For example, say if there is a bill of less than $10.00, will the company bother to ...
1
vote
2answers
188 views

Short selling a stock?

If a broker manages a client account, are they able to swindle money out of a client's account if they short sell stocks in that account? My mother had a friend who handled her Schwab account. He ...
0
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3answers
129 views

Does yield curve inversion refer to the shape of the curve, or just its sign?

Yield curve inversion has recently been talked about as an indicator for recession. Mostly, I've heard this described as "10-year Treasury rates fall below 2-year Treasury rates." I would expect ...

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