All Questions

0
votes
1answer
62 views

My friend asked me to transfer money to her overseas' family, is that legal?

My friend asked me to transfer money from my bank account to her overseas' family because she has reached her limit of overseas remittance. She transferred AUD$4,000 to my account and asked me to ...
-3
votes
2answers
54 views

How can I force a reconciliation between VantageScore 3 and FICO® Score 8?

My wife's credit score via VantageScore 3.0 (via CreditKarma, which is based on TransUnion data) is 790. In contrast, My wife's credit score via FICO® Score 8 is 670 (also based on TransUnion data)....
2
votes
1answer
54 views

Help on calculating credit card interest

Below is a summary of my current statement Apr 21 2019 - May 2019: The APR is 25.24% I had a promotional 0% APR till Apr 20. This is it google drive link I have tried my best to calculate the ...
0
votes
1answer
15 views

Is there a relationship between Post Hours Trading Volume spikes and Options?

So, I have watched a short video (https://www.youtube.com/watch?v=lXRAhoNd-50) of Lawrence McMillan talking about trading options on or near expiration. He discuss that arbitrageurs says that they buy ...
0
votes
1answer
16 views

Indicator for Market deviation of a range

Is there an indicator that would allow me to monitor surges or drops of an asset's price compared to the usual range it has traded in over a period of time? I'm building a script so i'm trying to ...
2
votes
1answer
155 views

What is the need for progressive tax rates? [on hold]

I learnt that progressive tax rates are used in order to be fair (i.e. collect more from people earning more and lesser from people earning less) but, even if the same percentage of income is ...
0
votes
1answer
34 views

Do significant initial oil well capital costs overlap with early production?

I am trying to understand SEC filings of various oil royalty trusts. To really understand what is going on with them, I need to know the answer to the question in the title. To expand on it a bit: An ...
0
votes
1answer
18 views

Relation between par value, offering price and trading range

I recently saw a public offering of securities stating the following: We are offering 2,000,000,000 shares of our common stock, par value $0.00001 ("Common Stock"), at an offering price of $0.001 ...
0
votes
3answers
62 views

How do I fill out a W9?

On a W9 which line denotes whom the check is payable to, line 1 or 2? If a company is an individual/sole proprietor, and line 1 and 2 is filled in which line do I use for the remit to?
0
votes
1answer
34 views

Taxes on shares

I am wondering about an aspect of taxes on shares. What exactly is taxed? How is the fee of my bank factored in? (Is it at all?). I am asking specifically for the German take on this, but I assume ...
1
vote
1answer
52 views

Supply and demand in the stock market and its relationship with the market capitalization of a company

If demand is more than supply, stock prices go up. Then does that mean a company can increase its value by intentionally restricting supply?
1
vote
2answers
155 views

Are wages from a corporation always immediately tax deductible? [on hold]

Suppose a corporation which constructs apartments and rents out those apartments expects to start earning money in its fifth year. Can it then just increase construction in that fifth year to create ...
-1
votes
4answers
207 views

Theoretical gain of a one month investment

Say you get a million dollars on your account through a mistake by the bank and they don't realise it for a month: how much could you make from clever investing the money before they charge it back a ...
0
votes
1answer
58 views

Should I take money from my beneficiary IRA to invest in index funds?

My father passed a few years ago and left me two beneficiary IRAs. I take my minimum distributions from them once a year ($1000-2000 distributions). I'm in my late 20s and want to invest in index ...
-2
votes
0answers
105 views

Where are some banks I can trust with my retirement fund? (I'm a citizen of a developing country. Banks here are not trustworthy due to government) [on hold]

Where are some banks I can trust with my retirement fund? (I'm a citizen of a developing country. Banks here are not trustworthy due to government. Inflation could increase to 10000% tomorrow. Banks ...
1
vote
1answer
125 views

How can I understand historical changes in my credit score?

In October 2018, my wife's transunion credit score blipped down from a consistent 780 to a consistent 680. When I called to complain, Transunion noted that one of her credit cards seems to lag behind ...
0
votes
0answers
26 views

Good sources for analysis of stocks and options trading [on hold]

I am a beginner investor in the US looking to use some of my savings in the stock market. I personally do not have any financial background so I rely on analysis on popular trading sites like Zacks, ...
1
vote
3answers
119 views

Do employers withhold the correct amount for higher tax brackets?

I'm for the first time making a pretty large sum of money that puts some of my income in the 24% federal tax bracket (though my effective tax rate- fica/fed/state is around 30%) I just got my first ...
0
votes
4answers
227 views

Buy my leased car?

My 2016 Lincoln lease is up. I'm considering buying it for $25000 and putting $7000 down to meet my finance 60 month payment budget. My Salesman said today that much down is not a good idea as I will ...
0
votes
1answer
128 views

Is it viable to use betting sites to “hedge” against world events?

These days gambling of world events, like a No-deal Brexit, or the results of an election is a fairly well established thing. (I imagine most people do it as a bit of a laugh) I am wondering if one ...
2
votes
2answers
56 views

Am I allowed to accept payment to my US bank account, after leaving the US? (I was on F1 visa, I have no SSN)

Am I allowed to accept payment to my US bank account, after leaving the US? (I was on F1 visa, I have no SSN, I never worked in the US) I don't even know if I'm allowed to have a bank account after ...
2
votes
0answers
32 views

UK Capital Gains Tax on Property - Deductible costs

Over 16 years ago my mother gifted me £40k from the sale of her home that I agreed to use towards buying a flat in my name for her to live in. There was a proviso to the gift that I was to give my ...
2
votes
1answer
249 views

How to rent a home that I own outright for maximum benefits?

Suppose, I have a home that I want to rent, and it is paid off and valued at about $350K. I am currently living in this home. Should I sell this home to a LLC ( This LLC to be formed and owned by me),...
3
votes
1answer
43 views

401k / Foreign Tax Credit

I am resident in the UK. My Wife is also resident in the UK, but is a US citizen. I'm 40 years old. We file a joint US tax return each year, and we file 1116 against all of my UK earnings. I have ...
22
votes
5answers
9k views

Why would a rational buyer offer to buy with no conditions precedent?

Assume that the Canadian Reddit commenter beneath is rational. I corrected typos. As an investor, I have a tactic where I only buy houses via the listing realtor, and do not use my own. Why? ...
0
votes
1answer
42 views

What are the downsides (impacting returns) of a short-term purchase & sale to cut the loss (other than wash sales rule)?

In the US, IRS wash sales rules indicate that a loss in security exchange cannot be claimed tax deductible in the same year income tax filing, if the transaction of purchases & sales takes place ...
0
votes
2answers
241 views

If I buy a low volume penny stock for 50% more than the current market price then will the stock go up 50%

So if stock x usually has zero volume, but there are sellers and the current market price of the stock is 50 cents and I buy 100 shares from a seller for 75 cents then will the market price go up to ...
3
votes
0answers
36 views

Can I defer starting Medicare if 65 and on COBRA after a lay-off? (HSA, COBRA, and Medicare)

I turned 65 in February, am still working full-time, and have medical insurance through my company that qualifies me to defer signing up for Medicare. I've been contributing the maximum to my HSA ...
2
votes
0answers
42 views

Tax on inherited property [duplicate]

I am USA citizen and I want to sell my inherited property in India. If I bring that money to USA, do I need to pay taxes in USA?
0
votes
1answer
66 views

What is the point of an immobile bearer share?

As I understand it a bearer share is a share that is issued "to the bearer." This allows one to hold and/or transfer a large amount of wealth completely anonymously. In recent years jurisdictions have ...
2
votes
1answer
78 views

Is it possible to refund semester fees via income tax return in Germany?

Colleagues at work mentioned that semester fees for the Master studies can be declared for the tax return as for the position that we have at work, having a Master degree is mandatory. Can someone ...
5
votes
1answer
304 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
4answers
112 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
2answers
104 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
27 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 ...
22
votes
5answers
9k views

How can I get a refund from a seller who only accepts Zelle?

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
130 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
53 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
3answers
108 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.
12
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
115 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
110 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
103 views

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

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
56 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
102 views

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

Need to send money fast with routing and account number only from checking. Tried flashpay, no luck. Please send options. Thanks
14
votes
7answers
5k views

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

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
67 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
147 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
11k 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
113 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 ...

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