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5
votes
2answers
274 views

will it increase or decrease my credit score, if i split a high balance on 2 credit cards

Is it better for your credit score to have one high balance of to split the balance between two credit cards
0
votes
1answer
41 views

Transfer from Italy to Turkey still pending

I made a transfer on 02/07/2019 from Italian EUR account to a Turkish Eur account. The status at that time was empty but the very next day the status became as "Preso in carico" which means taken ...
2
votes
3answers
188 views

Other ways besides USPS/FedEx/etc to deposit LARGE checks into online banks?

Mobile Deposit is great and all, but most mobile apps have pretty low deposit limits. Even though Ally's limit is high ($50,000), checks can of course be higher. Thus, what's the alternative to ...
6
votes
1answer
323 views

Should I pay down mortgage faster or Invest?

I've a appx 450K mortgage left at 2.49% (5 year term with a 25 year mortgage). I've a few options to pay my mortgage faster Increase principal payment amount once/year Change payment frequency from ...
0
votes
0answers
26 views

Universal Basic Income: Indexation and Inflation [migrated]

Let’s assume a monthly Universal Basic Income (UBI) payment of 1,000$ and an annual inflation rate of 2%. I would like to understand what would happen to the real value of this UBI (its purchasing ...
6
votes
1answer
141 views

Is there a general way to prevent fraudulent bank accounts from being opened in your name in Canada?

In the wake of the Desjardins data leak, several of my friends have become aware of fraudulent bank accounts (not credit accounts or lines of credit, to the best of my understanding) being opened in ...
46
votes
11answers
11k views

Is purchasing foreign currency before going abroad a losing proposition?

A recent question illustrated one of the potential pitfalls of pre-purchasing foreign currency. In short, the poster was unable to pick up currency they had ordered, and a currency purchase is not a ...
-1
votes
3answers
185 views

Overseas corp acting like a 401k

I run a one man consulting company as an S Corp here in the USA. I was wondering if an alternative arrangement would put me in a better situation for taxes (my goal is legally reducing my taxes, not ...
-2
votes
0answers
85 views

Insured deposit not compensated

It is known that deposits are insured by the Insurance Fund for a certain pre-determined amount. However, were there any cases , historically, that insured deposits where not fully compensated even ...
1
vote
2answers
322 views

Is this claim fraudulent: “I Can't Believe This $16,728 Social Security Bonus Was So Easy”? [duplicate]

When I browse the Motley Fool Website, I see an advertisement that says "I Can't Believe This $16,728 Social Security Bonus Was So Easy", and it seems a fraud. Does any one on this forum have ...
1
vote
1answer
64 views

Official currency exchange API? [closed]

Is there a way to make an API call to get current Euro/USD exchange rates? Like, from the ECB?
0
votes
1answer
61 views

Impact of event announcement on share price?

What is the methodology used to analyse the impact of event announcement such as Dividend issue, Right issue, Bonus issue, mergers and acquisition? How to make the analysis? What is the test must be ...
1
vote
1answer
64 views

Logic of using Parent's PE when valuing RemainCo and SpinCo of a spinoff?

Reading an older book by Maurece Schiller, there is a section about ways to value companies planning / undergoing a spinoff. In it, he uses the parent's PE multiple to value the earnings of both the ...
4
votes
2answers
1k views

Can I be arrested for not returning money someone else deposited in my bank account?

Someone sent me a check willingly for $4800 and now they want it back because I refused to send it to other people after it was sent in fear of me being involved in crime. And said I scammed them and ...
1
vote
2answers
224 views

Cash payment in used car dealership

I plan to purchase in a used car dealership without financing. In order to be prepared to buy on the spot what money transfer options are common place? If all possible I prefer a method which leaves a ...
1
vote
2answers
215 views

Sharing father's property with my brother

My father owns a piece of land which he wishes to share between his two sons - me and my brother. I do not wish to own the land and would rather take my share of the money (in other words my brother ...
1
vote
0answers
28 views

Rules for cost basis adjustment of RSUs that vest causing a wash sale

I've read through a bunch of posts and couldn't find a definitive answer. In this example, I have RSUs that vest every month from my employer. Let's say I decide to sell 1 share of stock for a capital ...
1
vote
1answer
115 views

(U.S. Federal) Student loan consolidation process craziness

I was curious to know if anyone has experience in dealing with this particular process. More specifically, if they have, have they experienced anything similar to what i have and am still experiencing ...
0
votes
1answer
38 views

What condition might cause Equities to rise, and corporate bond spreads to rise as well? [closed]

I was wondering about this earlier and I'm stumped.
0
votes
0answers
26 views

What is today's equivalent of the ABX.HE index from the mid 2000s that tracked subprime mortgage market?

Does anyone know what the current day index is and where I can find it?
0
votes
2answers
132 views

Why must leveraged ETFs rebalance nightly / Why are there no leveraged ETFs that don't?

From what I understand, investing is leveraged ETFS is generally for short term holders such as day and swing traders because they rebalance nightly and over the long haul don't provide the returns ...
0
votes
1answer
83 views

When an option expires does that constitute a buy or sell

A similar question recently asked about stock sales and option buys triggering wash sale rules. If an option expires, is that considered a buy/sale ? What I mean is: let's assume I have a call ...
2
votes
2answers
53 views

What is C.O.T movement index and how do I calculate it?

I just read the The Commitments of Traders Bible: How To Profit from Insider Market Intelligence by Stephen E. Briese. It was great and introduced me to the C.O.T index and how to calculate it but ...
1
vote
4answers
343 views

Is there such a thing as a credit card with no (currency exchange) fees?

There's no such thing as a free lunch. Is there such a thing as a free credit card with free currency exchange? Every debit or credit card I have seen charges for foreign currency transactions. ...
0
votes
1answer
32 views

How to calculate equivalent interest rate of gains with monthly contributions?

I started the year with a known amount of funds in my account and I make regular (assume equal) monthly payments into the account. I know how much my gain/interest for the year is. I believe the ...
0
votes
4answers
68 views

What is a “rates division”?

Deutsche Bank is shuttering its equities sales and trading business, while trimming its "rates division". It will also create a "bad bank" for €74 billion ($83 billion) in assets that eat up too much ...
20
votes
1answer
4k views

Do I have a right to cancel a purchase of foreign currency in the UK?

A few days ago I ordered 100 Euros using a travel agents website, to be picked up in their store and paid for them in GBP by debit card. I noticed just after that they aren't open on Sundays, meaning ...
1
vote
2answers
151 views

What happens exactly if a company defaults on its bond?

In finance textbooks, when a company defaults on its bond, the investor in the bond simply does not receive its money or recover only a certain percentage. But what happens in reality? Shouldn't the ...
1
vote
0answers
21 views

How to distinguish the difference between Market Profile according to Volume and Price?

Recently, I am concerned about using Market Profile in trading. There are two ways using Market Profile including either consideration of volume or change of price. Generally speaking, if we consider ...
2
votes
1answer
82 views

Transfer to foreign bank to purchase a home

I want to transfer $290,000 of my post-tax money to a bank account in Brazil I just opened to purchase a home there. The entire deposit will be used to purchase a home there. I will obviously file the ...
1
vote
1answer
302 views

Is the job opportunity that I received legit?

I found a job posting on LinkedIn. The post stated that they were looking to hire a virtual assistant. As a University College Student, I of course, thought this would be the perfect job for me during ...
0
votes
2answers
194 views

do I need to send my online access information if someone is depositing money into my account is this a scam? [duplicate]

I met someone online. She says she wants to help me with legal issues. She said her late father left her a business and she says she is selling the business and sending the money to my account. She ...
0
votes
2answers
515 views

Is it illegal to transfer money to people in foreign countries? [duplicate]

A friend keeps sending money to foreign countries to guys she calls friends and recently began asking me to do it for her through Western Union. Can I get in trouble for this?
-2
votes
1answer
64 views

Why is division used for “discounting” in DCF?

In DCF analysis the formula for representing a cash flow in period n is denoted Dn and letting the risk free rate opportunity cost to be rn we can represent the discounted cash flow as Dn / (1 + rn)n ...
-1
votes
3answers
165 views

Two investments with same % returns but different dollar returns

If two investments have returns of 20% and the same amount of risk but: InvestmentA: returns $200 requires more capital InvestmentB: returns $50 requires much less capital than A Is InvestmentA the ...
1
vote
2answers
68 views

Wash Sale on Options trading

Does the Wash Sale rule apply to options trading? If I buy and sell the stocks in a loss, can I still trade the call options for the stock within 31 days of selling?
0
votes
0answers
95 views

Ali Express and credit card frauds?

A lot of people around me claims that they have been victims of credit card thefts after shopping on Ali Express (one person even claims it happened several times). I am very sceptical to this because ...
7
votes
8answers
7k views

Credit score and financing new car

Little bit about my situation- Bought a car with cash about 5 years ago, at the time it was a year old. That car is now a total loss and I’m receiving about 5k for it from my insurance. I’m now in ...
0
votes
0answers
69 views

Wire transfer problem

I have wire transferred my funds thru a Turkish bank using swiss code and intermediary bank JP Morgan Chase bank in the US to my account in Singapore. It is already 8 months and I have yet to receive ...
1
vote
1answer
53 views

any danger doing and in-service withdrawal and having it be a direct roll-over?

I'm eligible (old enough) to take an "in-service withdrawal" from my 401K plan (at fidelity). I want to do a "direct-rollover" to Vanguard (my IRA). I spoke to a fidelity csr and they said they would ...
1
vote
4answers
185 views

How can intraday trading be done when settlement takes two days?

When I buy a stock on the NSE in India, it takes two days for settlement (T+2). Therefore I can only sell that share after two days after the purchase date. Then, how does intraday trading occur (...
0
votes
1answer
24 views

How can TTM PE be less than current PE in rising earnings situation?

Reading Investment Valuation by Aswath Damodaran, there is a section that says that in periods of rising earnings, the forward PE yields consistently lower values the the trailing PE, which, in ...
0
votes
0answers
45 views

Gnucash accounts not opening!

I've used Gnucash for about a year now - Macintosh Version 3.3 Build 3.3+ (2018-09-29). Every month I open it and update the books, and output two reports. But today when opening, it gives a "-...
0
votes
0answers
24 views

US citizen living in Singapore [duplicate]

I am a US citizen who will be living and working in Singapore and paid by a Singapore company. If I do not reside in the US, and do not visit the US for more than the annual limit of the residency ...
-4
votes
1answer
125 views

Why can't credit card systems distinguish between having and using credit? [duplicate]

A Canadian's Guide to Money-Smart Living (2019) by Kelley Keehn. I don't know her degrees or qualifications. I first read this on p 94, but it looks like the same as p. 98 in 2015 edition that ...
0
votes
1answer
88 views

Gift cards and possible hidden import taxes

I live in Canada and want to order something from USA. The total in CAD is $45 (including shipping, but I don't think tax is), and I have a $50 prepaid MasterCard gift card. How do I know if there ...
-1
votes
1answer
25 views

UK FTSE Sector Indicies Data [closed]

I am trying to find an on source of FTSE ICB indicies from which I can download historical and current data from. for example I can view the current value of such indices here but I want to also ...
0
votes
1answer
179 views

First salary in UK

I hoping to get some informations on how the tax system works in UK. Basically, this is my first job here, I haven't worked before April. I have a basic gross salary of £41,600 and I pay 4% as a ...
-1
votes
0answers
33 views

Next investment vehicle if I have a 401(k) and exceed the salary max for a Roth IRA [duplicate]

Looking for some advice on which vehicle I should invest next. I had a rude awakening this last tax season where I realized I can no longer contribute to a Roth IRA due to not meeting the ...
1
vote
3answers
102 views

What should I name Borrowed and lent money section?

I'm developing an app for my personal finance management. My app has a section where it records the amount of money I have borrowed from friends or lent to them. I googled a lot to find a name for ...

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