All Questions

2
votes
4answers
44 views

Strategies to earmark money for large expenses

Like most people, we have several large expenses that we only have to pay once or twice a year like homeowner's insurance, car/home repairs and improvements, and saving money for a vacation. What's a ...
0
votes
2answers
34 views

Best strategy to invest in mutual funds with this scenario?

I have been working for the past 7 years. I have most of my savings in fixed deposits (60%) and stocks (40%). My biggest regret has been not investing in mutual funds. With my approach with stocks, ...
-1
votes
2answers
63 views

Approximate cost of making a shell company

Hi. I was thinking about making a company to hide a plane I am thinking of buying. A helpful person suggested to make a shell company since planes can be registered to companies and FAA site doesn't ...
0
votes
2answers
19 views

Is there a prescription/stipulated time for an invoice to be collected?

Is there a time frame to collect an invoice? I have a client I need to collect a bill from. They are always making excuses. Do I have a time frame to collect the bill? Does the debt have a ...
0
votes
0answers
12 views

Why didn't get avios for every pound I spent using Amex British Airways

I've been using an American Express British Airways credit card. As it is advertised, it gives you one avios per pound you spend. However, I only got 29 avios after spending more than 100 pounds. ...
6
votes
3answers
207 views

Mother abusing my finances

I'm in a bit of a predicament so I want to give some background. I'm a 17-year-old who has a bank account with my mother as an account holder given that as a minor I cannot legally enter into an ...
8
votes
2answers
1k views

Are there any drawbacks to using Fidelity for your primary banking account?

I've recently become fed-up with Bank of America (When they charged me a $10 overdraft fee the one time in 2 years I used the wrong card at the wrong time and all they did for that $10 was transfer ...
0
votes
4answers
138 views

What do we know about elementary financial education at highly ranked schools at the pre-college and early college levels in the US?

Several answers and comments have postulated ignorance of the most basic financial features, for example, a total misapprehension of "marginal tax rate". See, for example, the comments under the ...
3
votes
3answers
49 views

How to Hedge delta and gamma of a put option simultaneously?

Say you took a short put position of 100 options (as you feel the option is undervalued). This put has a Delta of -0.5, so to make the portfolio delta-neutral you short 50 shares of the underlying ...
1
vote
1answer
31 views

Tax rate on miscellaneous income

Where would I find US tax rates on miscellaneous income that does not have an associated W2 or 1099? For example, let's say I start mowing lawns for my neighbors and a make a few thousand dollars for ...
5
votes
3answers
55 views

Is it worth fixing a wrong address on my credit report?

I pulled my credit report today and noticed that one of the former addresses doesn't belong to me. It belongs to my aunt and uncle. I've never lived with them or had mail sent to their house, so aside ...
0
votes
1answer
52 views

What to invest if my savings will be used in another currency later, compare to which my countries currency devaluates?

My situation as follow: I'm planning to go abroad to study a semester during my undergrad, and then do my PhD also in abroad. My future plans are also living in abroad. The currency in these ...
0
votes
4answers
70 views

Getting an auto credit history without buying a car

I’ve graduated college and got myself a pretty solid engineering job. And think it’s time for a new car. I’m looking at some of the nicer cars in the $100k range. The problem is I’ve never had a ...
35
votes
9answers
7k views

Employer asking for online access to bank account - Is this a scam?

I just recently got a freelance job as a virtual assistant. The employer I have looks like a reputable person with his own agency and everything. I'm new to it, so he asked for my bank account number, ...
1
vote
1answer
16 views

What exactly is a Indirect Cost Ratio?

The Australian Superannuation fund I use has no fixed annual fee, no percentage based management fee, and no investment fee. (The fund is EISS - link to their Product Disclosure Statement here) ...
0
votes
0answers
14 views

Tool to view historical rates of returns [on hold]

I'm looking for a tool to help me understand the performance of individual stocks in my portfolio. In particular, I'm interested in the rate of return of the stocks. It would be amazing if I could ...
0
votes
1answer
42 views

How can CLDR(NYSE) still be shorted after it dropped more than 10% the previous day?

CLDR is still allowed for shorting after losing ~2% on Friday, probably also because of this, when on Thursday it was dropping ~11%... As far as I know there should be a rule which does not allow ...
5
votes
2answers
198 views

I trade labor for lot rent on my live-in R.V. Can I claim any income to apply for EITC? Do I owe taxes? There is no money exchanged

I work as a farm laborer in exchange for lot rent for my own Recreational Vehicle, electricity, and water on a friend's farm. There is no cash exchange. I am the one and only "lot renter". Will ...
1
vote
0answers
13 views

Sprint/T-Mobile merger includes 0.13 cash equivalent [duplicate]

The sprint/tmobile exchange rate is 9.75, but what does the remaining 0.13 cash equivalent mean which is also part of the deal?
1
vote
2answers
114 views

Strategic rollover from traditional to Roth IRA for a young person (pre-retirement)

So we have this: Contributions to traditional IRA: Pre-tax Distributions from traditional IRA: Taxed at the time of distribution Contributions to Roth IRA: Post-tax Growth and distributions (...
-2
votes
1answer
44 views

Should I replace some parts of my portfolio with an option strategy?

I want to increase the percentage return of my portfolio even though it's almost meaningless in the total amount, and I don't mind making it a lot more complicated. I have a few brokerage accounts, ...
1
vote
2answers
339 views

Will I get a tax return if my bonus+regular paycheck brings me above a tax bracket for that month?

I received my bonus recently, but it was combined with my normal monthly check. The bonus the company gives out is 4 times the monthly pay, which combined with my regular pay is 5 times more... this ...
0
votes
1answer
49 views

How to include purchase Tax on purchases in QuickBooks

I have prices of products I need to buy from a vendor. However, these prices do not include tax. How do I include tax for a product I am buying from a vendor in QuickBooks Desktop Enterprise: ...
0
votes
1answer
146 views

How to find mutual fund in the Yahoo Finance app?

Let's say I have invested in a mutual fund "Axis Blue Chip fund direct plan" and I want to track it in the Yahoo finance app. When I search for the fund, I'm not sure why it's not there. Am I ...
0
votes
1answer
102 views

Close a limited company in UK

I would like to close my limited company but I do not know exactly how much money should I leave in the account to pay taxes. Can I get all the money from the account and then move the necessary ...
0
votes
1answer
44 views

Differing Trailing PE Ratios Yahoo Finance and Reuters and Industry PE

For example, consider XRX. Is the differing PE Ratio of between Reuters and Yahoo Finance simply because one made a mistake? Ideally, I'd like Reuters' answer to be correct since they display ...
0
votes
2answers
25 views

Loan vs Balance transfer - how to effectively calculate my way to a decision

Let us say I have $10k in a high interest debt. Or even some money I need to borrow for expenses. I am unable to clear the $10k in one payment and so putting it on a credit card won't make sense. ...
2
votes
2answers
248 views

What is the optimum way to draw money from your retirement nest egg

Let us say I have put away a nest egg like this (all numbers in CAD): Cash/GIC : 100,000$ Stocks/ETF: 100,000$ Bonds:100,000$ REIT: 50,000 Own rental property : 200,000 Let us say, I wish to retire ...
0
votes
1answer
28 views

How do early investors decide which startup makes sense to invest in? [on hold]

What do venture capital investors look for in a startup? Are there any good books or other resources for an investor who wants to start investing in early stage startups?
1
vote
2answers
130 views

Do any exchange platforms offer the ability to activate a trailing stop loss when the price reaches a certain amount?

Let's say that ABC is at $1.10 and my desired entry point is $1. I send a buy limit at $1. The price drops and that order is filled. Next a 2% trailing stop loss is entered that will only be activated ...
1
vote
1answer
22 views

why is this UK firm's market capitalization number weird?

https://uk.investing.com/equities/uk-comm-prop-trust Hi, I am gathering UK stocks information through financial numbers. But as I was looking into this firm, I tried to calculate the market ...
0
votes
1answer
59 views

Why are my funds locked up in my trading account while using bear put strategy?

Today I used a bear put strategy and I was surprised to see that some funds in my trading account were locked up as margin used. It is well known that the potential loss in bear put strategy is ...
-1
votes
0answers
30 views

Online-only checking accounts with bill pay and no overdrafting features? [on hold]

What are some online-only, free checking accounts with bill pay and no overdrafting features, similar to Simple.com*? *Simple.com unfortunately is removing bill pay in July 2019. Posted here: https:/...
1
vote
0answers
24 views

Do I need to file taxes or can I file taxes educational credit refund purpose with 1098T?

I did not work at all but I received a 1098T for my online school. The 1098T has $12,070.04 on box 1 and $2,529.53 on box 5. I will like to know if I should file taxes with the 1098T only to get ...
0
votes
1answer
315 views

Taking a small loan to improve Credit Score

Younger me made some horrible financial mistakes. Now as the idea of a house loan is not a far distance fantasy anymore, I think about how to improve the score. I already read several sources to ...
5
votes
0answers
53 views

How to monitor for identity theft of minor child

It's important to monitor your own credit for signs of identity theft and for errors, because recovery can be time consuming and expensive. What steps should parents take to monitor their minor ...
1
vote
1answer
89 views

Credits, Refunds & Reimbursements made prior to April 15th for Prior Year HSA Qual Disbursements

Apr '19: I've recently worked w/ my HSA trustee/custodian (my CU) to correctly code HSA reimbursements transactions in early 2018 for HSA Qualified Distributions in 2017. Same for 2019/2018. So we ...
23
votes
5answers
4k views

Using credit/debit card details vs swiping a card in a payment (credit card) terminal

I was given by a seller an option to come to their office and swipe my credit/debit card there in their payment terminal. Because it's a long way to get to their office, I asked the seller if he ...
2
votes
1answer
80 views

Got an internship offer while working a student job. How do I fill my w4 for the internship?

Long story short: I am a non immigrant with a permit to work in campus, already filled a w4 with the university and I earn less than 10k a year. I got an internship for 90 days and I got another w4 ...
1
vote
3answers
163 views

How to buy a contract for S&P 500 index?

I am researching writing covered calls on S&P500 index. So in order to sell covered call I need to buy a contract for S&P500 index. I've never traded indexes. What exactly I will be buying (...
8
votes
2answers
427 views

UK - wife declined for credit card due to pregnancy

My wife was recently declined for a credit card based solely on the fact she is 6 months pregnant and will soon be on maternity leave. The scenario details are as follows: Application was made in ...
1
vote
1answer
42 views

Tax exemptions for export shipment

I live in the US. I tried to purchase the 220 volts home appliances to ship them to North Africa. The vendor in Chicago asked me the shipment address I gave him the address of North Africa. He said he ...
4
votes
1answer
155 views

Vehicle has been broken into. Missing registration, insurance cards

My parents are currently out of town and they have left their vehicle parked on my block. We just discovered that the vehicle has been broken into. Aside from a few personal items, thieves have also ...
5
votes
1answer
54 views

Health insurance deduction - better to buy through S-Corp or individually?

I have a S-Corp that I can buy myself insurance through. If my monthly coverage costs $380, is it more advantageous for me to purchase this insurance through my S-Corp and then use it as an employee ...
2
votes
1answer
2k views

How do I declare my profits in binary options while paying income tax?

I'm from India and have been trading in binary options for a while now, and have made some profit which I will be withdrawing through an e-wallet (Skrill/Neteller). Under what section do I declare my ...
0
votes
1answer
67 views

Is it possible to have dividends included in profits and losses with TD Ameritrade's thinkorswim?

I'm using OnDemand and have not found a section where I can see the amount I'd have earned in dividends. A TD Ameritrade support person told me that neither the paper money nor OnDemand accounts show ...
4
votes
0answers
51 views

Canadian parent gifting adult child in the US [duplicate]

My wife was born in Canada but now has her US citizenship and resides with me in the US. She still has Canadian Citizenship but, as you know, the US does not recognize dual citizenship. One of her ...
3
votes
4answers
303 views

Does COBRA make sense anymore with the ACA?

I recently changed jobs. Job 1 ended in March, and Job 2 started immediately after the end of Job 1. The health insurance provided by Job 1 continued to the end of March. The health insurance coverage ...
3
votes
1answer
278 views

Immigration as a step to get financial stability

I posted this question and I learned it is extremely difficult to make a good amount of money while living in countries like Pakistan where 1 USD = 107 Rupees. I am 25 and a computer science engineer. ...
0
votes
0answers
118 views

New mortgage co reversing claim decision by old mortgage co

I had a claim in March of last year due to hail/storm damage. The claim was paid by insurance to me and mortgage co. Then the mortgage co sent all the payments due, out to me in my name and the ...

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