All Questions

0
votes
0answers
18 views

Switching from W-4 to W-9. What should I be aware of?

I'm a welder in California. I recently talked with my employer and mentioned that since you can't deduct expenses as a W-4, I wondered what he thought of hiring me as a W-9 so that I could write ...
40
votes
10answers
17k views

Why would anyone buy U.S. Treasury Bills?

From the Treasury Direct website, I saw this Bills: U.S. Treasury Bills are a type of short-term security of one year or less, usually issued at a discount. The discount is the amount the security ...
0
votes
2answers
15 views

How to remember and not to mix the bid and ask prices

Maybe it seems a very silly question but I think it is not. I am working as developer for a firm and I have a huge problem to remember and distinguish what the bid and the ask prices are. I know that ...
1
vote
1answer
47 views

I specified the bank's IBAN instead of my account's IBAN

A friend of mine sent me a sum of some 300 EUR (from Iceland to Croatia) but mistakenly used the IBAN of my bank and not my bank account. He included my full name and bank's SWIFT code. What is the ...
3
votes
2answers
23k 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 ...
1
vote
2answers
104 views

Does changing debit card protect me from a scammer?

In case I have given out my CVV on the back of my debit card to a call deal that I got (so I did not call the dealer), and in case I change my current debit card worried about a scam, can the dealer ...
18
votes
7answers
7k views

What happens to the shareholders when a public company declares bankruptcy?

If you are a shareholder of a public company and the company goes bankrupt, what would happen to your share? Does the share still represent your holding in the company? And if the company goes out of ...
241
votes
18answers
95k views

Who can truly afford luxury cars?

I never really thought about money until one day I checked how much I made compared to the rest of America. The calculator said my household income is in the top 20%. Kind of funny to me, because I ...
-1
votes
0answers
15 views

Flat lines in candlestick charts

I'm creating software that will perform technical analysis on stock data. I'm using single day sessions. I've noticed data where the open, close, high, and low prices are the same. When I pull these ...
4
votes
3answers
148 views

How can PG&E intend to go thru Chapter 11 Bankrupcy on January 29th before lawsuits even find them financially liable from recent California fires?

PG&E intends to file for bankruptcy on January 29th. They state it is largely due to the estimated $30 billion in liabilities from the recent disasters, fire suppression costs, and attorney fees. ...
0
votes
3answers
52 views

Do I have to pay interest on a margin short sale if I post full cash collateral?

Let's say that I have $100 in my account and I want to short sell stock A. Stock A is valued at $100, so therefore I sell one share of stock A. In order to do this, the account is a margin account. ...
2
votes
0answers
46 views

Are LLC membership interest purchases taxable?

My job has offered me an associate position which means I will become a member in the LLC. The cost for 250 units (membership interest 2.25%) is $25,000. I will get profit sharing of 2.25%. The LLC ...
3
votes
1answer
88 views

How to deal with IRS notice during the government shut down?

Last friday, I received a mail from the IRS stating that there was a discrepancy in my filing of personal taxes for 2016 vs what was reported by other institutions. The letter did not go into detail ...
0
votes
3answers
59 views

Going from a 1099 to W-2 job, must I pay estimated taxes?

In 2018 my spouse worked full-time on W-2, and I worked entirely on 1099. She had taxes withheld, but circumstances prevented me from paying any estimated taxes, so we'll certainly have a substantial ...
29
votes
5answers
9k views

Handling waitress unclaimed pay from three years ago

Each week our boss gives us payslips with our hours worked and we can cash them right at the place of work. Pretty simple. You get a receipt for your hours worked for the week and a slip to turn into ...
100
votes
10answers
30k views

How is Bitcoin useful as a currency if so few services accept it?

I've done research on bitcoin and I know what it is and how it works, kinda. I've even built a small block chain app. What I don't understand, and I haven't been able to find the answer to, is if ...
-1
votes
1answer
17k views

How often does a stock price change and where is this defined?

Let's suppose I want to collect stock prices for let's say AAPL on NASDAQ. Where do I find information on how often an official stock price is calculated? Is it every millisecond, every second, or ...
0
votes
0answers
42 views

Buying business product for a business associate that's abroad

I was wondering if there's any legalities regarding the purchasing of product for a business associate that is abroad? I would buy the product and he would reimburse me the money. It would just be ...
0
votes
2answers
67 views

ExxonMobil stock before fusion in 1998

I was looking at the stock time series of ExxonMobil (traded as XOM) on Yahoo Finance and I noticed that it starts from 1962, while the IPO was in 1978 and the fusion of Exxon and Mobil took place in ...
2
votes
0answers
129 views
+50

Stop filing federal annual return (Canada)

I incorporated my company several years ago and since then I've been filing both my provincial and federal annual returns (pay $20 and confirm info). According to many sources, having the federal ...
0
votes
1answer
38 views

Trading in commodity futures and options - How to go about it? [on hold]

I would like to trade on options specifically the commodity kind like the ones available on CME. Which platforms allow me to do that? What are the costs involved etc. ?Can some one please point me in ...
0
votes
1answer
90 views

Why do most HSA administrators require accountholders to have a minimum amount in their HSA before they can open up an investment account?

I read on an article at Nerdwallet titled 5 Health Savings Account Rules You Need to Know (mirror): Irvine warns that the majority of HSA administrators require the accountholder to have a steep ...
2
votes
2answers
253 views

HSA withdrawals for past years?

A hypothetical individual living in the US opened an HSA account in 2016. She was enrolled in a high deductible health care plan in 2016, 2017, and 2019. She kept records of all her qualified medical ...
1
vote
0answers
53 views

What should/can I do, now that I’ve closed the single-member LLC I used for freelancing?

I freelanced full-time for 6+ years through a single-member LLC, which I closed at the end of last year after I moved to a new full-time job. I was a user experience designer/researcher and designed ...
6
votes
4answers
222 views

Products for withdrawing from a home's equity?

I am a current homeowner with a property that has no mortgage (everything has been paid off). A family member is in need of some cash to consolidate some credit card debt and I would like to help them ...
0
votes
1answer
24 views

Trading Order Type to Immediately Buy as Much as Possible of an Asset for a Given Amount of Money

Say I'm interested in buying 300 USD worth of stock A and 700 USD worth of stock B and let's say, for the sake of argument, that it's possible to buy a fractional amount of those stocks (i.e. I could ...
0
votes
1answer
91 views

How do ETF dividends work

How do dividends work when being payed by an ETF. A dividend is a share of the profit, paid to the shareholders. Whilst that is understandable when owning a stock of an individual business, how does ...
2
votes
1answer
70 views

Selling and distributing my Software [on hold]

Am a developer and likes to develop my own personal software. I use it for a few months and make some improvements it as i go along. I would like to know on what safe and secure online site can i sell ...
1
vote
1answer
568 views

Picking up money for someone else on Moneygram ? Is it safe? [duplicate]

A close friend of mine asked me if I could pick up money for him using my ID from money gram since he had already exceeded the receiving limit this month. The amount was 500 euros. I just wanted to ...
4
votes
1answer
180 views

Can my neighbours affect my credit report and/or credit score?

My wife and I live in a single building (in London, England) which contains three flats/apartments. We rent our flat privately (private tenants, renting from a private landlord) and the other two ...
1
vote
0answers
52 views

Rejected ACH due to bad account number

I set up all my bills to pay thru ACH. They all go thru for the most part. However, I had 2 separate situations where my water bill got rejected. It would go thru one month and for some reason not go ...
2
votes
0answers
94 views

Student loans paid already but collection agency claiming loans are in default

I paid off my student loans via pay garnishments and the IRS taking 3 to 4 years of my tax refunds. Unfortunately, I have moved 5 times in last 2 years and I cannot find my files confirming this. ...
2
votes
0answers
52 views

Escrow sent money to wrong account

I signed up for a HELOC, but the terms for me being approved for the HELOC required me to use the full balance to pay down part of my mortgage. The bank worked with an escrow company to ensure that ...
0
votes
0answers
8 views

Where can I find price charts by volume (not time or ticks)? [on hold]

I think they are called Volume Charts, but I cannot find them in TradingView or any other trading platform. I mean charts based on units of volume. For example prints a new bar/candle for each ...
1
vote
1answer
41 views

Shouldn't the rebalancing of an ETF result in profit/loss

My understanding is that an ETF is a basket of a variety of stocks. When that basket is rebalanced and some stocks are sold and others are bought, won't that result in a profit/loss in the same way ...
0
votes
2answers
58 views

How exactly does a broad-market ETF work?

So it's obvious that a broad-market ETF attempts to imitate the performance of the whole stock market, but what I still don't understand is how it works and exactly what you are investing in when you ...
1
vote
1answer
46 views

Can I deduct 529 college savings plan contribution from California income tax as a gift?

When I contribute to a 529 college savings plan, can I deduct the contribution from my California income tax as part of the gift tax exclusion (up to $15000)?
1
vote
3answers
148 views

Better to make extra principal payment in first year versus putting more into down payment?

For a mortgage I considered putting down X and then said, let me reduce my interest over the life of the load by paying an addition Y. However, when I compared the original total interest with down ...
3
votes
3answers
2k views

Understanding my company's liabilities

I am seeking to close a UK business I own but I am worried about being hit with a huge tax bill. I have been provided a balance sheet which states the following: TOTAL ASSETS LESS CURRENT ...
0
votes
3answers
204 views

Is it reasonable to charge extra for additional tenants in a single room?

I’m considering subleasing rooms within a single family home. I expect that one of my potential tenants will have their significant other boarding with them. It was originally expected that only one ...
0
votes
2answers
76 views

GBP multinational transfer to avoid bank instability due to Brexit

I was working in the UK for several years and managed to save about 60k GBP in my Santander UK account before moving to France in 2017. I left the money in this account when I left. Today, with the ...
1
vote
2answers
214 views

doing a like-kind property exchange and then selling immediately to avoid paying capital gains

Let's say you have an investment property that you purchased for $50,000, that you have made no other improvements and that it's now worth $750,000. If you sell it for cash, out right, you'd have to ...
13
votes
3answers
4k views

Is it really risky to make your IBAN public?

It seems that people are reluctant to give their IBAN to strangers. I saw someone downvoting an app only because it shows the IBAN in clear on the main screen. Is this rational? What could someone ...
0
votes
2answers
28 views

Cross listing question with example

I would like to ask how it is possible that the company traded on two different exchanges has a totally different stock price. For example: Avast Plc (AVST.L) on London Exchange and Avast Plc (AVST....
0
votes
1answer
46 views

Recent Green card holder. From US, how to Transfer money from my Indian SB AC to my recently opened checking account in US

Recent US Green card holder not NRI, as came to US just 2 months back. After coming to US, how can I Transfer money from my own savings bank account in India (No NRE or NRO A/C) to my recently opened ...
0
votes
0answers
27 views

ETF: ITOT ticker cost calculation?

Forbes says: "The iShares fund from BlackRock ticker ITOT will over the course of a decade chip only $6 out of a $10,000 investment." How is this $6 calculated? The web page for the fund says: "...
0
votes
0answers
91 views

I have been asked what financial services you're offering? [on hold]

I'm selling digital currency and wanted to pay tax so I filled out the form and sent it to the tax agency. In response they asked me this question and I don't know what they really mean: What ...
0
votes
2answers
67 views

Calculating the ETF cost?

Let's say I invest 1000 USD in an ETF. Over the 10 year period, the shares had 5% annualized gain, meaning the value of my investment would be 1630 USD. However, I didn't take into account ETF fees. ...
1
vote
1answer
49 views

The value/price of an ETF

From my understanding an ETF has the advantages of a managed fund with the advantages of a stock. Advantages of a managed fund: a) An ETF is a collection of stocks that are packaged into a single ...
3
votes
1answer
99 views

How can I make the cheque for my bank account closing balance usable by someone else?

When closing my UK bank account and moving abroad, I got a cheque from my building society that states Pay MR F M ANAPHORY *********** The Sum of (Not exceeding ten thousand pounds unless ...

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