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votes
1answer
34 views

Will I be Taxed for Switching HSA Providers?

I always thought the HSA provider assigned to me by my employer was my only option, but recently read that I am free to choose my own. If the account has grown beyond the size of my contributions, ...
0
votes
0answers
119 views

Could anyone explain these kinds of transactions on paypal?

From the following transaction history, we could see that Despiau Bruno (Probably fake name) added 229.22 USD to my paypal account. Then he, without my knowledge, use it to buy 225x Kaspersky Internet ...
1
vote
0answers
25 views

I bought a car from a person who is licensed as a dealer and now they are asking me to pay tax days after the purchase [migrated]

I bought a salvaged car from a person with a dealer number. I paid cash in full. He gave me the title and I went went through the process of getting it registered with the DMV. The car is now ...
1
vote
2answers
46 views

Can I use a margin account just to avoid settlement dates?

Was thinking of using something like SureTrader or TradeZero (I'm not an American) just to avoid PDT and the settlement date issue. I'd essentially not be over leveraging my account as I'll only trade ...
0
votes
1answer
48 views

Can a shareholder who makes a tender offer vote for the offer?

Suppose I own 30% of a company and make a tender offer to buy all shares (e.g., at 120% of the current stock price) and thereby make the company private. Also, suppose the board of directors supports ...
0
votes
4answers
85 views

Option implied volatility and 95% losing trades?

I trade options. Whenever I buy puts or calls, I end up breaking even or losing, sometimes losing a HUGE amount of money even though price has gone my direction and time decay (theta) has been ...
2
votes
7answers
254 views

It's not a loss until you sell?

When buying stock, there is a widespread saying, namely It's not a loss until you sell. This implies that the price at which you bought is relevant. However, I think that once I have bought the stock, ...
7
votes
6answers
1k views

Will an administrator exceed the 401K limit?

Suppose a person has a single job with $80K salary for the year and chooses 30% contribution to their 401K. The limit for 2020 contributions is 19.5K. Will the employer or the administrator stop ...
28
votes
4answers
10k views

Is it possible to get reverse life insurance?

So if you die the provider gets x amount from your estate but the provider pays you while you live? For arguments sake say I had a 1% chance to die in a given year I get £100 that year from a reverse ...
2
votes
1answer
295 views

Is there a non-income tax way of my father paying off my house?

My father will soon be moving in with me as he is retiring at the age of 77. We are wanting to pay off my mortgage ($250,000). But we want to do it all in my name because we don't want it to appear as ...
0
votes
1answer
41 views

Coordination of Benefits With Multiple Health Insurance

I would like to understand how two health insurance companies will co-ordinate their payment. Let's take the following example a person with the following coverage: Primary health insurance: (...
3
votes
1answer
35 views

How is interest calculated on a UK type 1 student loan?

On my student loan annual statement it says The Student Loan Company applied interest to my balance every month but only received one lump sum payment at the end of the year from HMRC, even though ...
1
vote
3answers
130 views

On a statement of Dalio and the case for gold

Last night I was watching the following videos https://www.youtube.com/watch?v=YVLJRGA5uAk and https://www.youtube.com/watch?v=AhDrvQiNV5M&t I am considering the bet on gold with respect to his ...
0
votes
1answer
39 views

IPO Lock up trade

I have a question regarding how to benefit from major price movements after the end of a lock-up period post IPO. I have seen that in many cases there are no extraordinary movements in the prices in ...
1
vote
1answer
107 views

When I capitalize amortization table, the present value doesn't equal the sum of PV or the XNPV

How is it that when I capitalize this amortization table, the present value doesn't equal the sum of PV or the XNPV formula of all the future payments? It's not about this amortization specifically, ...
4
votes
1answer
1k views

I think this guy is trying to scam me please help [duplicate]

A guy contacted me regarding a business that I have. He never told me what he did for a living. I have never met him but he told me his wife died and he wants to support a young woman like me and help ...
0
votes
0answers
49 views

How do I set up the books for LLC taxed as a C-Corp?

Most resources online for bookeeping for LLCs immediately repeat a myth about C-Corp taxation subjecting you to double-taxation, declare that nobody would set up their single-member LLC as anything ...
1
vote
1answer
56 views

Can both spouses claim Family Employer Contribution?

2 spouses (X and Y) with 2 kids (x and y). They both work and both their employers offer HSA plans with Employer Contribution. X works for company XXX that offers 600$ for Employee and 1200$ for ...
1
vote
4answers
484 views

I (21M) make decent money for my age. What are the best financial moves for my situation?

Like the title says, I'm 21 and I work as Software Engineer. I bring home a little over $3,600 a month(After taxes). My monthly expenses are as follows: Rent/Utilities $626 Phone $100 Car insurance $...
0
votes
1answer
69 views

How to handle taxes by using credit card app (Square)

My old workplace wanted to contract me in to help with some on going issues they had. They ended up having me sign up to square which is a credit card service that charges a small fee when you charge ...
1
vote
0answers
68 views

Is there any investing strategy to take advantage of Volatility drag?

Besides shorting leveraged ETFs. Say a leveraged investment in an asset suffers drag and it goes down even if the asset is flat. How do I capitalize on this? Is shorting leveraged ETFs the only ...
2
votes
2answers
81 views

Tax safe harbor rule with estimated payments (no tax liability on prior year)

I am a Spaniard and immigrated to the US on January of this year. I worked in the US in 2015 & 2016 and filed taxes for those years, but I was not in the US during 2018 so I had no tax liability ...
0
votes
0answers
23 views

Meaning of “non-reportable” and “dealer intermediary” in the CFTC COT report

What is intended with "non-reportable" and "dealer intermediary" long/ short positions in the CFTC COT report HERE? My toughts of "dealer intermediary" is that they could be the fx brokers; in other ...
28
votes
8answers
6k views

50% portfolio in single stock, JPM - appropriate for 80 year old?

I've recently taken a look at my 80-year old mother's finances, run by a money manager at Morgan-Stanley. Half of her $3.5M portfolio is in a single stock, namely JPM = J.P. Morgan. This seems to ...
3
votes
1answer
70 views

Qualifiying Life Event allow one to change coverage plan

Employer provides four plans, with the following three that interest me, PPO, HMO, CDHP During open-enrollment I choose PPO. I marry. This counts as a QLE. Am I allowed to change to CDHP midyear? ...
0
votes
2answers
37 views

IBKR: on what depends the cash settlement time?

I have a cash account without margin. Usually after selling stock cash settles according to T + 2 algorithm. But sometimes my buying power increases right after selling so the cash settles immediately....
0
votes
0answers
43 views

Cancelling a wire transfer to an intermediary bank [duplicate]

I sent a wire transfer to an intermediary bank by error. I have asked my bank to cancel the transfer. How long will it take for the money to be be returned to my account?
6
votes
4answers
277 views

Will Future Recessions be Prevented by the Large Amount of Passive Index Funds and ETFs?

According to this article from CNBC: Passive investing, made up of funds tracking market barometers, has now taken over nearly half the stock market as more investors shun stock-pickers and flock ...
0
votes
0answers
81 views

Error wire transfer into intermediary bank [duplicate]

I want to know how many days does it take for a cancelled wire transfer to be reversed into my account.
25
votes
8answers
8k views

Is there any point in adding more than 6 months' runway in savings instead of investing everything after that?

I have saved enough to be able to survive for 6 months. I don't have any debt. So far, I've been investing a small part of my income in a diversified portfolio and have seen ~11% returns, which I'm ...
2
votes
0answers
40 views

Do banks need a foreign branch to access a derivatives market (e.g.) London

I would be very interested to know whether banks (e.g. Santander, Deutsche Bank, etc.) need a foreign branch in a country (e.g. UK - London) to access the derivatives market in this country. Would ...
1
vote
1answer
57 views

How do I know what option on a particular stock X will move the most?

Say for instance I have a view that MSFT in the coming 3 months is going to come out with a big upgrade to their full year guidance. Let's assume in the event that this happens the stock goes up a lot ...
0
votes
1answer
51 views

Which option greeks explain the majority of an option's price move?

I have recently picked up a few derivatives books for leisurely reading and have started to look into the option greeks. There are many e.g. delta, vega, theta, and gamma. There are others which are ...
0
votes
0answers
116 views

Personal loans for poor to fair credit [closed]

How do I get a personal loan in the United States with fair credit? I have tried different lenders. I need at one for $6,000.
1
vote
1answer
73 views

Constraints and penalties for freezing and thawing credit report

I live in the U.S. and am interested in learning more about "freezing" one's credit report. When one freeze's a credit report for a particular bureau, does that prevent new creditors from adding ...
6
votes
3answers
5k views

Can I request a credit item be removed from my report as soon as it is paid in full?

I live in the U.S. and have two scenarios: On my credit report (doesn't matter which bureau), I have one account that I was never late on, paid on time each month, and is now finally paid off in full ...
5
votes
2answers
279 views

Why do I have to accept a lower rate on my credit card?

I opened a credit card a few years ago and have been making full on-time payments the entire time (it's never carried a balance). I logged into my bank today and there was a page that said I have ...
0
votes
1answer
68 views

Possible to purchase credit reports more than once a year?

I live in the U.S. and although I am well aware that I am entitled to a free annual credit report once a year, I am open and willing to purchase my credit reports (from each bureau) more frequently ...
1
vote
1answer
97 views

VAT on quote misleading? [duplicate]

I wish some advise. We have a quote from a VAT Registered building company for work on an extension, this quote for simplicity was 50k GBP. At the end of the list of items on the quotethey will ...
0
votes
0answers
43 views

Appartment Rent in a monthly budget [duplicate]

Good day; I'm making a Monthly budget to keep track of where I spend my paychecks. I stumbled upon the rent part; would that be considered a debt? Since it's basically something that I "accept" I'll ...
3
votes
0answers
76 views

Does money spent from lawsuits get reported in tax?

I had the unfortunate experience of taking my landlord to court. We eventually reached a settlement where I got some money. I strongly believe I should have gotten more and have evidence to support ...
1
vote
0answers
20 views

UK: How does gift holdover relief interact with potentially exempt transfers?

An elderly acquaintance is considering gifting some shares in the family business to his children. There is significant capital gains accrued on the shares (which said relative has held for decades), ...
28
votes
7answers
12k views

How much money would I need to feel secure in my job?

I have my first good paying "career" position (I'm 27), but I've heard stories about around 10 years ago when they laid of 60% of the company. I'm worried that this could happen again because I ...
3
votes
1answer
180 views

How do some banks have such short account numbers?

Mitsui Sumitomo and Lloyds Bank (among others, I presume) use 7 digit bank account numbers. It seems that if they have more that 9,999,999 customers, they wouldn't be able to route transactions to the ...
1
vote
2answers
92 views

What Actually Determines Stock Prices from a Given Broker?

When you look up a stock's price at a broker, where does that number come from, and who decides if it goes up or down? Sometimes it's said that "supply & demand" determines stock prices. This is ...
1
vote
1answer
77 views

Loan to family member in Canada

I am residing in USA. I am considering loaning USD 50K to my brother in Canada to help him buy a home. Whats the best way to go about this? I read that if its within US its best to do this a loan ...
0
votes
1answer
123 views

What scenarios to look for when bringing a large down payment for buying a house?

I have been looking to buy a house for about $120k. There are abundant properties for sale in this price. While house hunting, I suddenly came into an inheritance, so I can now afford a down payment ...
1
vote
1answer
95 views

Retirement Plan Returns Formula

My income after tax is $48,060 and I'm contributing 6% of my income into my retirement account. My estimated income increase is 2.6% per year, which I hope to include in my retirement account. The ...
2
votes
0answers
34 views

Should CRA be paid as soon as tax return is submitted or should I wait for their response?

I just filled my tax return with the CRA. I know that I will owe some money as I worked as a contractor without tax taken off. Should I wait for the CRA to assess my return and tell me if I made any ...
7
votes
3answers
267 views

When estimating what portion of home is used for work, how could government verify you're telling the truth?

I work as an independent contractor and sometimes do a little work from home. I can write of part of my home rent for working from home. I am trying my best to estimate accurately for what percent of ...

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