All Questions

2
votes
1answer
12 views

pros and cons of HSA in Investment account

I have my HSA that is currently in savings or checking account. The Insurance company provides option to keep the money in Investment account. What are the pros and cons of parking HSA fund in ...
1
vote
3answers
44 views

Do my stock earnings from selling stock get double taxed from short term gains and then from my 1040 tax filing?

I'm curious to how my taxes work when I am trading with my own personal stock account at E*trade. Suppose I buy XYZ stock at $100 and it goes to $1,100. My profit is $1,000. I read that the $1,000 ...
0
votes
1answer
39 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 ...
0
votes
0answers
17 views

How to finish the FBS “Trade 100 Bonus”

I started the process of learning how to trade on Forex, and came across FBS' "Trade 100 Bonus". I created an account, and then saw that they require that, in 50 days, you opened or closed orders in ...
9
votes
3answers
1k views

Way of refund if scammed?

I am wanting to purchase an item and the seller only accepts Zelle. If I send a payment and do not get my item, is there a way to get my money back?
1
vote
1answer
59 views

Should I rent out a home I own outright or one with a mortgage?

If I have two homes of equal value ($300K each) and one is paid off and other has a mortgage balance of $235K. I'd like to rent one of those out. Which one should give me the most advantages with ...
0
votes
1answer
41 views

Does installment loan amount affect credit score?

I am looking to finance a new car purchase. The total cost of the car comes out to $18k, and I am able to put up to $10k down. Assuming that my goal is to maximize my credit score in the long run, ...
1
vote
2answers
52 views

Steps to making first share purchase?

I would like to know the steps I can take to buy shares, for a common man having a bank account and PAN card.
10
votes
3answers
2k views

Is it wise to pay off mortgage with 401k?

I've been considering paying off my mortgage with my 401k balance. Some particulars, I'm in WA state in the US, and I'll turn 60 in about a week. I have enough in my 401k with my current employer to ...
1
vote
1answer
98 views

Realize losses and gains at convenient time

Suppose I am long-term invested in some stocks or etfs. Consider the following two situations: 1) stock market is high, my personal income from work is low. Is it a good idea to sell (part of) my ...
0
votes
2answers
97 views

How can I deposit money from my account to a friend's account in another state? [on hold]

Can I deposit money from my account to a friend's account who lives in another state?
2
votes
1answer
88 views

Are there any particular ways to use a secured credit card best?

I am using a secured credit card to build back my credit. Is there a particularly good way to do this? I know that a secured credit card will allow me to increase my credit score. But I'm not sure ...
1
vote
0answers
42 views

HUD section 8 benefits — community service exemptions

Regarding the HUD (Housing and Urban Development) policy for Area Housing Assistance (general page, specific definitions, and exempt status mainly what the question is about, definition for "work ...
-1
votes
0answers
82 views

How do I send money with checking account numbers only [on hold]

Need to send money fast with routing and account number only from checking. Tried flashpay, no luck. Please send options. Thanks
13
votes
7answers
5k views

What's is the easiest way to purchase a stock and hold it

I'd like to invest some cash (just few thousands) that is currently sitting on my bank account. There are few companies I believe will significantly increase their value in the next years (let's say ...
0
votes
1answer
61 views

Why is the Strike Price so low on some Puts

I am using Robinhood and looking at buying a put for BYND. The current stock price is around $93.00, but most of the puts I find have a strike price in the $40's. I can't find anything with a ...
1
vote
2answers
127 views

Investing in REIT vs REIT stock

I'm considering putting money into an REIT (through something like Fundrise or RealtyMogul), but as I'm doing my research, one thing I can't discern is why I should invest in the REIT instead of a ...
48
votes
12answers
10k views

How can sister protect herself from impulse purchases with a credit card?

My little sister is 18, and currently has a bank account with a debit card. She and mom believe it might be time to get her a credit card, mostly to build up her credit rating than out of necessity. ...
3
votes
1answer
99 views

How much real rate of return should I assume on a retirement portfolio?

With an annuity calculator I can calculate how much money do I need to collect so I can retire and live off it. I can estimate my monthly living expenses and my remaining lifespan. But I have no good ...
1
vote
3answers
112 views

Who do you buy options from, if open interest is zero?

If open interest is 0, who will you buy an option contract from? And how the price is calculated? Also, initially, how the option contract price is determined?
0
votes
0answers
12 views

Opportunity Zone 180 Day Reinvestment Rule With S-Corp Sale

I sold stock in a S-Corp on Jan. 1 2018. I was reading up on the latest guidance from the IRS regarding the 180 days reinvesting cut-off. The regulations say that you have 180 days from the date of ...
0
votes
0answers
84 views

Why dividends have seasonality?

What are the reasons why dividends have seasonality? I'm trying to understand the details of it, but I cannot find an article about it.
0
votes
1answer
125 views

What's the process for buying a house in Mexico, Central America or South America?

What is the process of buying a house in any Latin American country that anyone is familiar with for a U.S. citizen? I know the 50km border/shore zone law, but what does the process entail. How do I ...
0
votes
3answers
79 views

Variation in the price of bond

The price of a bond can vary because: the yield curve changes the flow of time (the time to maturity is reducing, for example compare a 1 year ZC bond with a 0.5 year ZC bond) How can I quantify the ...
0
votes
0answers
59 views

IRS federal refund paper check [duplicate]

I worked in the US this summer and I received a paper check from tax returns on my address in the US. But I live in Europe now, and I don't have an American debit card. Can a friend of mine who has ...
1
vote
1answer
173 views

options when car is worth more than lease buyout costs

My wife has a leased vehicle that is reaching the end of lease in a couple of months. She is planning on getting a lease on a new vehicle, but is over a substantial amount on the mileage (I think ...
4
votes
3answers
195 views

What's the point of checking and brokerage accounts being separate?

On Schwab, I have both a checking and a brokerage account. When I want to buy stock/ETFs, I have to transfer money from one to the other. I can just do this from a webpage, relatively instantly. What'...
2
votes
1answer
35 views

How would I calculate my taxes for a post-Chapter-11 distribution?

Situation: I held N shares of a company "JUNK", average cost basis $C/share. Cost basis for the shares was $C * N. Some time later, company "JUNK" filed for Chapter 11 bankruptcy. At this point, the ...
1
vote
0answers
15 views

Annuity with deposits solved for number of periods given total value

Hi can someone help me solve for t in the equation below? total = p (i +1) + d * (1+i)t-1 / i * (1 + i) Trying to figure out the formula for "how long will it take me to save X if I have Y to start ...
1
vote
1answer
81 views

If a check is made payable to my son c/o me but mailed to my son, can he deposit it into his own account without my endorsement?

Not sure why but my son received a refund at his house that is payble to him c/o me. Can he deposit without my endorsement? I am not on his account.
1
vote
1answer
91 views

California Prop 13 question

Can someone help me clarify how max property tax increase is calculated via prop 13? Prop 13 limits it to 2% yearly. Does this mean the tax increase can be a max of 1% of the 2% of the assessed ...
0
votes
1answer
40 views

Method of Earning Calculation For Early Roth IRA Withdrawal

I have a question on how the IRS would calculate earnings on an early Roth IRA withdrawal. Assume Taxpayer is under 59 and doesn't meet any specific exceptions to cash out early. Taxpayer ...
0
votes
0answers
115 views

How much will my property taxes go up after new construction

Here is the situation: This is in California My family's home was bought 10 years ago at $1,000,000, they are paying over $10,000 in taxes every year. The current market value of the home is around ...
2
votes
1answer
52 views

ISO exercise limit before triggering AMT

With recent 2018 changes to AMT, I wanted to understand how much ISO options can I exercise without making a material difference in AMT Scenario Current income 200k Claiming standard deduction for ...
2
votes
1answer
74 views

Remote state taxes

I live in Florida and I work remotely to a New York office and I am being paid thru their payroll not 1099. The employer has been deducting NY state tax and I know Florida does not have state tax. I ...
-3
votes
1answer
96 views

Hedge Funds for individual investor? [on hold]

I am looking into Hedge Funds. Tried to research them, but not too much info. So if any of you can help with my questions - that would be great. :) Is there a way to get into the Hedge Fund as an ...
5
votes
2answers
165 views

Stock markets and dividends: When exactly does one need to own shares to be entitled to the dividend? [duplicate]

I have a more or less formal question regarding dividends. If a company pays an (annual) dividend of - say - 5%, this is voted for/against on the annual general meeting. Now, the dividend is paid ...
-2
votes
0answers
72 views

Poshmark - Do you need to follow people in order to acquire sales?

Someone I ran into suggested that I use Poshmark to sell clothing/fashion items because there's a better market for it, and you can get a better price than selling it on ebay. I posted 5 items on it ...
4
votes
1answer
327 views

Too good to be true raffle

There's a raffle here which seems too good to be true: https://www.winapetloversdream.com.au/ It's a $59 entry fee for a $1m+ prize. I am particularly suspicious because there are no T&Cs ...
6
votes
2answers
2k views

Will there be more tax deductions if I put the house completely under my name, versus doing a joint ownership?

I currently live with my mother, and the house is under her name. However, I pay for the property tax (house paid off). In regards to property tax reductions. If I will be continuously paying the ...
3
votes
1answer
292 views

Why all assets seem highly priced?

Thinking about All Weather strategy, I looked at a number of financial asset indexes and their prices over the past year: US Stocks US Medium-term (7-10 year) Treasury Bonds US Long-term (20+ years) ...
7
votes
2answers
988 views

Why are goodwill impairments on the statement of cash-flows of GE?

Consider the General Electrics 10-K report for 2018. In the statement of cash flows they report 22,136 million of cash gains attributed to (apparently positive) goodwill impairment in the value of ...
12
votes
3answers
4k views

Capital gains on stocks sold to take initial investment off the table

Suppose I have invested $100K in a stock that was trading at $100 per share. The stock has gone up by 10 percent and is now at $110. I sold 909 units at $110, i.e. 909*$110 ≈ $100K, which is ...
3
votes
1answer
77 views

What are the limitations on rollovers to an IRA?

My friend wants to consolidate his various retirement account accumulated over the past 20-30 years to make it easier to manage/track his retirement savings. He doesn't recall immediately all the ...
1
vote
1answer
91 views

How do market maker orders get filled?

My understanding is that a market maker profits by selling at or above ask and buying at bid or below in securities where there is a bid/ask spread and that's how they make money. If that's correct ...
3
votes
1answer
160 views

Transferred money to an Intermediary Bank Account by mistake

I am having a problem with transferring money to pay for my tuition fees. The university has sent me these payment instructions: I have transferred the fees directly to the intermediary bank account ...
1
vote
1answer
98 views

Car Insurance - Uninsured Motorist Bodily Injury With Personal Health Insurance

I have comprehensive health insurance with a relatively low out of pocket. I noticed that the "Uninsured Motorist Bodily Injury" add-on for my car insurance has limits of $100,000 / $300,000. In the ...
0
votes
0answers
67 views

Steady business income [closed]

I was thinking about starting a business.(DBA). How can I build but also keep my money steady? I've did a little research but don't fully understand. Can anyone help me with anyone resources?
36
votes
6answers
16k views

Holding rent money for my friend which amounts to over $10k?

My close friend has just moved into an apartment with me and due to some circumstances he would like to pay me the rent money for a year upfront. The total amount will be about $11k total, and we as ...
0
votes
0answers
34 views

What regulations I face with doing business related to derivatives trading? [closed]

Lets say I'm going to start a business of hedging client companies (worldwide) and selling/buying correspondent derivatives on exchange (like CME, CBOE, etc). The workflow is the following: I ...

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