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0answers
23 views

How do credit card companies decide the amount of principal to charge interest on the revolving account?

Since it's a revolving account, I get a little confused. Some examples: I receive a statement: Balance of $500 on my card. I pay off in full, before the due date. Then I accrue another $500 before ...
0
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0answers
17 views

Which insurance should I use for international shipping?

My cousin is moving back to his home country and he is shipping all his stuff via international shippers. And they provide two types of insurances. They are as follows: All Risk Insurance: Your ...
1
vote
1answer
75 views

The balance between Renting and Buying

My girlfriend and I are spit-balling the idea of buying a house. We've heard pros and cons for mortgages; you're putting your money into an investment vs you're paying far more than you anticipate due ...
2
votes
0answers
25 views

Is there a way to transfer a cultural donation tax receipt? (Canada)

Canada specific question. My father is planning on making a cultural donation to a museum. He will receive a 100K tax receipt for the donation. My marginal tax rate is significantly higher than his, ...
1
vote
0answers
20 views

Forgot to use carried on capital loss - can I use it next year?

the tax accountant that prepared my 2018 US Federal taxes forgot to carry over the allocatable amount ($3000) of a capital loss that I incurred some years ago. In the previous years, I always carried ...
2
votes
3answers
83 views

How risky is it to take a low-interest (small) personal loans to invest?

Assuming that I can take personal loans of about ~10k€ (up to 20k€), how risky is it to invest in 'safe' stocks (e.g. dividend aristocrats)? Assumptions: I am a recent graduate, living in France; 0....
0
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1answer
34 views

How do I get Gnucash to automatically assign expenses to accounts? [on hold]

I'm using Gnucash. I'd like to create "virtual subaccounts" for my debit account to keep track of expenses. E.g: debit account --> groceries Regular "virtual payment" to groceries every month ...
2
votes
2answers
156 views

If most actively managed funds don't beat the index why not choose the opposites?

This is probably a dumb question and I'm likely missing something obvious but here's my reasoning-- where am I going off the rails? 1) Most actively managed funds do not beat the stock market index ...
7
votes
2answers
263 views

Minimize taxes now that I earn a living wage

Background I recently received a hefty promotion for $350k (plus stocks and bonuses) with the same company. Now that I can finally start to pay down my debt, I'm not so happy that suddenly 45% of my ...
0
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1answer
72 views

Friend from China wants to hire me via contract to receive money and then distribute this money to pay his contracted employees in various countries

Going by the first contract, I'd be receiving a one-time payment of ~40k total and then divvying up and forwarding the money to 5-7 employees in different countries in Southeast Asia and Europe. Then ...
0
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0answers
11 views

Does the NSE or Sensex provide ETFs for Brent Oil or OIL in general? [on hold]

Is it possible to invest to invest in an ETF for crude oil rather than futures or options in the India stock market? If yes, what are some reliable ETFs to look into?
2
votes
1answer
33 views

Do I need to buy a new property to get the tax exclusion from Section 121?

I've owned and lived in my primary residence for about 3 years now. I am about to sell it in a few months and, when searching online for tax information, I saw many references to both Section 121 and ...
3
votes
3answers
930 views

How long to wait to change jobs after closing on a home

I am closing on a home in the next few weeks. Is there a period of time AFTER closing I should wait before I look for a new job? Is there any process post closing I need to wait for? I assume I would ...
6
votes
2answers
934 views

What can I actually do with a high credit score?

I recently checked my credit score via two of my credit card providers. It seems to be hovering between 790 and 815. One service brands the score it provides as a FICO score and the other specifically ...
1
vote
4answers
111 views

Impact of Spending Cash/Debit vs Credit Card on Debt to Income Ratio

Since debt-to-income ratio (dti) is an important factor in determining one's creditworthiness especially for mortgage rates, it is clear that one should keep the monthly recurring debt and credit card ...
2
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0answers
43 views

Financial intelligence books for young adults [on hold]

What financial intelligence books would be great for a 26 year old male software engineer to read to help me improve my personal finance habits and help me retire early. Preferably books that explain ...
1
vote
2answers
173 views

Removing ex wife and adding new co-owner to mortgage

I am finalizing a divorce where I am being given ownership of our house. The house has a joint mortgage on it, which I will be assuming, While removing my soon-to-be ex wife from the house, I would ...
0
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2answers
94 views

Renting Part of the Home

I am currently living in a rented house. I am thinking of buying a home with the intention of renting out a section (for example, a two story house, live on the first floor and rent out the second ...
3
votes
1answer
153 views

Identical flat put up for sale just before us

I live in a block of flats, where each flat is (or was originally) identical. Half are a reflection of the others, and the ground-floors are different from the non-ground-floors, but other than that ...
1
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2answers
79 views

Building an All Weather portfolio

Starting an All Weather portfolio today seems hard since bonds are so low and stock multiples are very high. Do you simply just start by buying the parts that are cheap currently, like emerging ...
0
votes
1answer
63 views

Dollar cost averaging with a bonus start sum [duplicate]

I'm going to do some old school value investing, holding around ten stocks. Other than investing say 2k every month, I also have around 100k in savings. I'm contemplating investing these alongside ...
2
votes
1answer
25 views

Mortgage: Floating rate loan tenure extension on rate increase

I am trying to figure out how my bank has implemented re-pricing on my floating rate home loan. The original home loan was for an amount of ₹ 48 lakhs (₹ 4.8 Mn) at an annual rate of interest (RoI) ...
18
votes
12answers
7k views

If people's daily habits are reliable then why is the stock market so unpredictable?

Why is the stock market so unpredictable? If you think about it, most of the things we do in a day are pretty predictable. Waking up, deciding what sites to browse, etc. So if we have a good model ...
1
vote
1answer
49 views

Voting for reverse merger

To qualify for voting for reverse merger for HSGX, you must own the shares before 15th July. What happens if you sell your shares after 15th July and do not vote? How are those votes counted? Who ...
1
vote
4answers
175 views

cosign a car loan, what is true $ risk

I asked a question and I am asking same question from a different angle. For example purpose, If I have friend( know for 6-7 years), who came to USA recently ( and I happen to come 2-3 years ago), ...
0
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0answers
18 views

Local routing numbers to receive payment in AED

I live in India. One of my clients requires a UAE based bank account to make the payment. I was looking for local routing number providers like Transferwise and Payoneer. These companies provide ...
0
votes
1answer
136 views

U.S. Debt Law: What will/can repo people and banks take from you and when?

I know that this question has a lot of inherent complications, such as state laws and profitability for debtors, but I ask this because there are laws in place to protect people who owe money and I'm ...
0
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0answers
15 views

NYC Tax Rates on Educational Software

I've received consumer subscriptions, and now sending an invoice to a school, for an educational technology piece of software (a web based video game, non-downloadable), and am curious about NYC tax ...
0
votes
0answers
28 views

Money order restrictions

What are some of the restrictions surrounding money orders and the amounts they can hold? Are there restrictions on the method of payment used to purchase one? Do these figures vary by the seller and ...
4
votes
1answer
97 views

Does the deductible apply to each doctor's visit separately or are the costs cumulative over the year?

In a few months I'm switching to a health insurance plan with a $1,600 deductible. After the deductible is met, the plan pays everything, i.e. 0% coinsurance. As of now, I see a physical therapist ...
2
votes
3answers
77 views

Are there investable securities that grow nonlinearly/exponentially with the underlying asset?

Let's say I'm a commodities trader, and Jesus Christ himself has just told me that gold is about to become much, much more valuable. We'll leave the debate on whether that's insider trading to another ...
0
votes
1answer
35 views

Deduct business expenses on salary income tax as a married couple

So let's say that one spouse is working full time for simplicity let's say this spouse is making 100k/y and paying 30k/y in income tax. Then let's say the other spouse is running a sole proprietorship ...
1
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0answers
15 views

How does this “cont callable,” “make whole calls” bond work?

I was looking at this bond on TD Ameritrade: This is a callable bond, so I'm wondering how that works, exactly. TD Ameritrade says that this bond is "cont callable," which I assume is an ...
1
vote
1answer
50 views

Self employed half the year unemployed the rest. Do I pay quarterly taxes?

I was unemployed from January-June and started becoming self-employed from June-December. Do I need to pay quarterly taxes? I will owe more than $1,000 in taxes for being self-employed half this ...
2
votes
4answers
162 views

Is investing in education and a sustainable life a good alternative to investing in stocks, gold, land etc.?

I have recently read a couple of articles about what are the main ways to invest your money to protect them from being diminished by the inflation (I am living in a non-EUR EU country where inflation ...
0
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0answers
53 views

How can I quickly find Merchant Category Codes in Canada?

Reddit post referred http://125plan.com/ResourceCenter/doc/AD/MerchantCategoryCodes.pdf, but this URL is broken. There are two issues. Thus I need two informations? What is each merchant's MCC? My ...
-1
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0answers
39 views

What is the name of a superset of Assets, Liabilities, and Equities? [on hold]

I was reading about the equation assets = liabilities + equities and it made me wonder: what is the name for the superset of assets, liabilities, and equities? For example if the term was x, it would ...
1
vote
3answers
269 views

Should one always put 20% down?

I can afford to put up to 25% down in the price range I'm looking at. Assuming average market returns and a high credit score of 800, should I always put 20% down, or should I put less? It would seem ...
-4
votes
1answer
87 views

Can a company withdraw 100M EUR in physical cash from a bank? [on hold]

Let's say a company decides to store its own cash in a secure vault outside of the banking system. Is it possible? Can it withdraw a large volume of banknotes from a bank? EDIT: The EUR banknotes ...
0
votes
5answers
163 views

cosign a car loan with a limit

Can a person cosign a loan that list the limit? Article says that "You’re actually committing to be 100% responsible for that debt". For example purpose, If I have friend( know for 6-7 years), who ...
2
votes
1answer
45 views

What is the market capitalization when there are multiple stock symbols?

When I searched for the Canadian Tire stock symbol, I got back the following results: Ticker Market Cap CTC.TO 8.9B CTC-A.TO 8.9B CDNAF 6.8B CDNTF - YAAA.MU - YAAA.SG - Is the ...
1
vote
1answer
109 views

How to force a French bank to close your account?

TL;DR: French bank fails to close an account despite having all the necessary paperwork and continues charging fees. Is there anything we can do (such as complaint to some higher authority)? Longer ...
0
votes
1answer
172 views

Do I get a reduced tax rate as a minor for my business selling items on eBay?

I recently turned 13 and I have an eBay business that is growing quickly. I have about a 5-6k net worth of merchandise (I just bought a huge order). I predict that I will have 100k by the end of next ...
0
votes
0answers
77 views

The client wants only w-2, is there a way to route this via LLC?

I have an LLC registered and operating in USA. I produce content. My client is in DC. I would like to provide services using the content that my LLC owns. The client is not directly buying the content,...
1
vote
0answers
49 views

Can a capital loss on a gilt be set against the interest received when tax is calculated?

Say if I buy a 3.75% gilt for £103, with a redemption date 1 year from now, then at the the end of the year I should receive £3.75 interest from coupons, but I lose £3 of capital. The total gain is £0....
2
votes
0answers
88 views

Are prepaid credit cards a form of secured loan?

I was reading about different factors that determines credit score. One of them is having a "good credit mix" (IE having a healthy mix of secured (such as home loan, auto loan) and unsecured loans (...
13
votes
11answers
7k views

Amortized Loans seem to benefit the bank more than the customer

It seems to me that a large number of mortgages are refinanced in the first ten years which means the bank is getting mostly interest all the time. More Profit. Also, the bank also has collected the ...
1
vote
3answers
134 views

Security risk of using a budgeting app connected to bank accounts

I've been tracking my budget the old way for a few years now by using Excel spreadsheets that have my checking account ledger and monthly expenses broken down to categories. But I have noticed more ...
0
votes
1answer
42 views

Search for budgeting app / web service handling automated sync and multiple currencies [on hold]

I went trough quite a few budgeting web services / phone apps with the features below and could only found one (PocketSmith), but it suddenly stopped syncing EU banks. It would be great to have any ...
1
vote
1answer
114 views

Mutual fund wants to get 1% upfront fee (US). Is that within acceptable ranges for a managed bonds fund?

Mutual fund wants to get 1% upfront fee (US) plus an annual fixed fee. Is that within acceptable ranges for a managed bonds fund?

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