All Questions

19
votes
6answers
6k views

How to return a security deposit to a tenant

Very simply put: How should one return a security deposit to their tenant in such a way that there is proof I've fulfilled my responsibilities to do so? It is Colorado in this case and I see no such ...
4
votes
1answer
522 views

Investing in a Roth IRA with a Personal Loan?

Okay this might be a dumb question but here it goes. Does it at all make sense to invest in a Roth IRA contributing the max by taking out a loan? So say I take out a $6k loan at the beginning of the ...
1
vote
2answers
155 views

Advice to decide when to sell growth stocks

I’m buying diverse sized stocks for growth (aka, I don’t want a short-term return, if not, keep them for a while). I would like some advice in relation to when I should sell a stock. I read several ...
4
votes
1answer
224 views

What are my rights when I wasn't invited to a shareholder meeting?

I am a shareholder (roughly 20%) and do not have board representation. The company had a shareholder meeting which I was not invited to or aware of. I got a letter in the mail stating that the ...
2
votes
0answers
77 views

2018 tax refund applied to 2019 estimated tax

For 2018 Fed tax refund, I elected applied it to 2019 estimated tax. Internet said it need to be applied to 2019 1st quarter by 4/15.? But I missed this date. Can I apply it to the 2nd and 3rd quarter?...
3
votes
1answer
177 views

Investments that provides cash flow

We have just sold our house and moved into an apartment. This means that we a large sum of cash on hand that it just sitting in our savings account. Roughly 150k. We are therefore looking for ...
1
vote
1answer
46 views

Naked Put at Expiration

For most brokers, how naked put works at the expiration? Buy the option at that price, if ITM. Buy the underlying stocks if having enough cash in the account. For 2, does it depend on if the option ...
1
vote
2answers
248 views

Tell gift card giver money was stolen?

I got a gift card for high school graduation from a family friend we only rarely have conversations with. It was for $50, but when I tried to use it, it had no money on it. I then noticed that the ...
1
vote
1answer
47 views

What does the blue line represent on Yahoo Finance's day range graphics?

The rows of my Yahoo Finance watchlist table have a Day Range graphic like this one: The number labels under the left and right ends of the Day Range are the high and low prices for the day so I ...
5
votes
0answers
61 views

What, specifically, causes the necessity to revise a brokerage 1099, and why are revisions so common?

We've had two questions about revised 1099s causing the OPs' tax liabilities to change after they had filed. One of them is here; the other was a duplicate. We've had this happen to us regularly. We ...
3
votes
2answers
178 views

Reporting stock that can't be sold

I'm in the US. I understand that I can report stocks I sold for a loss and claim some deductions. What if the stock can't be sold, no one buys it or the company is under? Is there any way to get ...
1
vote
1answer
26 views

ESPP, expat and CGT in which country (Canada/UK)

I participate in my Canadian company's ESPP whilst living and working in Canada as a permanent resident. I'm moving back to the UK in August and will sell my shares when I'm back in the UK. Will the ...
2
votes
1answer
73 views

Is it better to draw down offset or finance a vehicle purchase (or neither)?

Suppose you have something like: House 1 - ~$550k value. You live here. House 2 - ~$575k value. Investment property. Tenanted at $570/week. Loan 1 - $250k, 3.9% variable P&I, $1500 monthly ...
2
votes
3answers
293 views

Using credit cards to implement budgeting when you don't have income

My spouse and I are between jobs right now as we are transitioning to new career situations. Our financial situation is stable and our prospects are good, but we will be without steady income for a ...
1
vote
2answers
129 views

Is this a way around the Wash Sale Rule?

This question is prompted by my answer to the question about wash sales. I'm not going to repeat everything in the question or my answer. The question had a simple answer: technically Maybe but as a ...
1
vote
1answer
214 views

How to close a bank account with six figure savings?

The bank is American and I am not happy with their recent policy changes. I do have other bank accounts. Now, some facts about me: I am an individual, not a business entity, not an investor. I've had ...
1
vote
1answer
96 views

Hospital charged me for more than insurance claims that I owe

I recently had a medical procedure done that had a number of diagnostic tests leading up to a surgery. All of the various bills from that went through insurance, with me paying the out-of-pocket ...
2
votes
1answer
91 views

Does it make sense to open a lot of no-fee credit cards to reduce credit utilization?

Within a week of starting to my new job, I am planning to open a lot of (5, maybe more) no-fee credit cards in order to lower my credit utilization. I am not planning to use any of these new cards at ...
-1
votes
1answer
43 views

Compound interest, no dividends, no share price change

I've read about compounding and understand dividend reinvestment, but still not sure about compounding on stocks with no dividends. Is this scenario correct? Share purchase price = $ 10.00 $ 0 ...
0
votes
2answers
52 views

Am I eligible for applying PMAY scheme?

I am planning to buy a home and my father already own a home. Am I eligible for applying PMAY (Pradhan Mantri Awas Yojana-Housing for All (Urban)) scheme? Thanks in advance
4
votes
3answers
250 views

How do I calculate APR from monthly instalments?

I have been given a quote for a car loan in Thailand. I want to calculate the APR but am not sure how. (All of the tools and explanations I’ve seen are going in the other direction, from a percentage ...
5
votes
1answer
85 views

What's to prevent majority shareholders in a company from dilluting a convertible note?

A company issues a convertible bond to an investor. It has a par value of $10,000 and can be converted into 5 shares. The company currently has 50 outstanding shares, so the bond corresponds to ~9% (...
0
votes
2answers
55 views

stop order repetitive definition inconsistencies

I'm writing in regards to my interest in trying to fully understand the STOP ORDER and being aware of this one being a fairly fundamental concept for some. (However as a beginner or not, you might ...
1
vote
1answer
92 views

Can I dispute an accidental submission of a credit application?

Can I dispute an accidental submission of a credit application? I left some information out, and a family member submitted a credit card application with out my consent. I was going to apply for a ...
5
votes
2answers
82 views

Does opening a checking account cause a hard credit pull?

I was going to open a new bank account, particularly the Wells Fargo promotion that puts $400 in your account if you meet some direct deposit requirements. I called and asked if they will do a "hard" ...
2
votes
2answers
58 views

COBRA and deductibles already paid

If I'd already paid five months of deductible expenses, should I elect for COBRA or buy my own insurance if there's only a $30 difference between the two?
1
vote
0answers
30 views

What value to enter in yahoo finance cost basis

I've just started using yahoo finance. I've only bought shares at atm. I've added Portfolio->My holdings-> Symbol-> Lot Under Lot what is the value to enter on Cost basis? Is it share cost per share ...
7
votes
6answers
2k views

Does the growth of home value benefit from compound interest?

I read Investopia's definition and my take away is that compound interest applies to an investment that yields some return on a regular basis and that yield is reinvested in that instrument. If I have ...
0
votes
1answer
100 views

Single shares mixed up with ETFs?

I have an account where I am buying monthly a MSCI World ETF. I am now thinking about adding to this account single shares from a few different companies. What impact could this have if I mix up my ...
7
votes
5answers
319 views

Does selling shares within 30 days of purchase count as a wash sale?

Quoting IRS publication 550, A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you: Buy substantially identical stock or ...
1
vote
2answers
69 views

Why Indices last update time extends market hours?

For example currently during market close DJIA index has last update time of '5:04 PM EDT'. As we know DJIA is made up of 30 major stocks that trade on NYSE & NASDAQ. I wonder all these stocks ...
2
votes
1answer
68 views

What are the implications of employer increasing allowances on W-4?

When I started my job, I filled out a W-4 and claimed 3 allowances. While going over my pay check information, I noticed at about 1 year ago, they stopped taking out federal taxes each check. I went ...
-1
votes
5answers
409 views

Why is one person allowed to own a majority of voting rights in a publicly traded company?

I heard on Marketplace tonight that Mark Zuckerberg owns 58% of the voting rights in Facebook (not a majority of the shares, but he owns many Class B shares, which have 10 votes apiece compared to 1 ...
1
vote
3answers
134 views

Using 401k loan to payoff higher interest loan, how much am I saving?

Let's say I take out a $10k 401k loan at 6% interest. I then use this $10k to pay off a $10k debt at 10% interest. The question is this. What is my savings in doing this? The interest I pay on the ...
2
votes
3answers
195 views

What should I consider in a decision to lease or buy a car?

My car may have been totaled by a driver who plowed into me at a stoplight. The body shop and the insurance adjustor are still evaluating the damage. If the car is a total loss, I'll have to decide ...
0
votes
0answers
24 views

Capital loss treatment for non resident aliens

Can non resident aliens (someone who does not pass the substantial presence test) claim the 3000$ deduction against income if there is no sufficient capital loss? Also can any excess capital loss be ...
3
votes
4answers
207 views

Trying to get my head around how options work

A stock X is trading at $215. I bought a put at a strike price $195 for $2.55 premium(paid $255) expiring June 7. Today the stock is down by $15 to $200. However, the price of my put is reduced from $...
3
votes
1answer
89 views

Why does the asset price of REITs go down when (US) bond rates go down?

REIT s often pay up to 10% dividends so I would think they should become more valuable when the US bond interest rates go down . For example : In the last 30 days CIM has gone from 19.1 to 18.5 while ...
2
votes
0answers
67 views

Where can I find itemized list of earnings from S&P 500?

I'd like to invest in the S&P 500. I want to know where the earnings come from. For example if my return on a share was $100, I'd like to know what percent/dollar was from which industry (ie. tech,...
0
votes
1answer
31 views

new york state 529 k-12

https://www.nysaves.org/home/fe.html Under New York State law, distributions for K-12 tuition expenses are considered nonqualified withdrawals and will require the recapture of any New York ...
4
votes
0answers
165 views

UK will: can I disinherit any beneficiary who is permanently mentally incapable at the time of my death? [closed]

I would like to have a clause in my will to the effect that any beneficiary who has permanently lost mental capacity should be treated as having pre-deceased me. The reason for this is that I saw an ...
3
votes
2answers
185 views

How can one maximize the value of their money when their country is adopting the Euro?

Countries joining the EU at some point decide to adopt the Euro as their own currency. How does this process unfold for the common citizen? More importantly though, how can one maximize the value of ...
0
votes
0answers
99 views

Building a house during times of economic upturn

Since 2008 the aftermath of the recession, the economic crisis has turned from recession into a rise and better economic times. In some places, in western european cities, this means housing prices ...
0
votes
0answers
7 views

Calculating nonresident credit for 2016 Ohio Schedule of Credits

I wanted to double check I'm doing this correctly on the 2016 Ohio Schedule of Credits form. I didn't do 2016 state taxes for Ohio, yet, which is why I ask. On line 26 I entered some number. On line ...
14
votes
5answers
5k views

When leasing/renting out an owned property, is there a standard ratio between monthly rent and the mortgage? [duplicate]

I'm leaving the country for work for roughly a year, and would like to sublease my home to a friend of mine living in the area. I have no experience as a landlord, and I've had a tough time figuring ...
41
votes
7answers
12k views

Credit card offering 0.5 miles for every cent rounded up. Too good to be true?

I just received an offer on my credit card (Barclays Aviator, if needed to verify). The offer (Flight Cents) is as follows: I can choose a limit every month ($1 to $500) Every transaction during a ...
0
votes
0answers
69 views

How can a person prepare for a redenomination?

Redenomination is being discussed in South Korea. While some officials announced that they are considering this as a long-term assignment or not even considering, the gold price is already fluctuating....
2
votes
1answer
87 views

Do we need a revocable living trust?

I'm considering setting up a trust for my father but would like a second opinion before meeting with an estate planning attorney. His estate is fairly simple; a home, bank accounts, a CD, a vehicle, ...
2
votes
2answers
26 views

Is it mandatory to convert normal savings account to NRO/NRE account if there is no money to deposit from outside India?

If there is no money to deposit from outside India to Indian account, though the status is NRI, is it mandatory to convert savings account to NRI/NRE account? What are the penalties of not ...
2
votes
0answers
131 views

Is it fine to use Savings account to pay salaries? what is the downside?

It is taking us time to get checking/current account for the business. We want to know, if it is OK to pay through Business Owner's personal savings account and still have it as a record of business. ...

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