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1answer
17 views

2019 FBAR filing deadline missed

This year, I missed FBAR filing deadline of April 25 and also for automatic extension of October 15. It is not because of natural disaster (that's the only relief option I see here on the IRS site. I ...
0
votes
1answer
35 views

About Sell Stop loss order

I put in an entry order of 11.27$, a limit order to sell at 12.49$ and stop loss order of 10.66$ . My trade was executed and two days later, the price dropped to 3.49$ !! What happened to my stock? ...
1
vote
1answer
53 views

What is the relationship between taxes and annual liquidation of the markets?

I read this article on MarketWatch where they outline Elizabeth Warren's plan to tax the wealthy: 2% tax on every dollar above $50 million in assets 6% tax on households crossing the $1 billion ...
2
votes
0answers
76 views

Reasonable Rate of Return on A Pension?

Like a lot of people, I have a string of relatively small pensions, all invested in different funds with a few different providers. I should add that I'm no longer paying into any of the ones I'm ...
1
vote
1answer
68 views

The rule of thumb that if the growth of a company is 20% per year, then the P/E should be 20, what is this rule based on?

I think it was a rule of thumb that came from T. Rowe Price: if year-after-year growth of earning per share (EPS) is 10%, then its P/E ratio could be 10, as expected by people and seen as reasonable. ...
0
votes
1answer
48 views

If cash flow is calculated by net income + depreciation without adding capital expenditures, isn't it potentially very inaccurate?

To invest in companies I need to find out more about cash flow. Sometimes cash flow is defined and calculated by cash flow = net income + depreciation costs - capital expenditures ... (1) ...
2
votes
2answers
21 views

How to get refund with 1040X on amended 1040NR?

I forgot to claim standard deductions of $12000 (nonresident alien, for India students) on my 2018 1040NR. So I am filing a 1040X. For the incorrectly filed 1040NR I received a $600 refund, but in ...
3
votes
2answers
131 views

Is there any risk in keeping lots of assets with one broker? [duplicate]

I'm in the USA. Currently, the bulk of my net worth is in accounts with TD Ameritrade. Right now, that's only about $30,000, but I plan to keep contributing; hopefully in a few decades, I'll have a ...
0
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2answers
139 views

Car Insurance - Do I need to have comprehensive insurance after I cleared the loan

I live in the Bay Area, California. I had to take comprehensive(Liability and Collision) insurance and pay around 500 USD for six months until I clear the debt on my car. I recollect that I was ...
1
vote
1answer
38 views

Can a bank accept incoming transfers from only one Intermediary Bank?

My (European) bank accepts incoming USD transfers only when a specific Intermediary Bank is used. My friend's (United States) bank doesn't allow to specify Intermediary Bank SWIFT codes, because it ...
1
vote
2answers
124 views

Will I pay taxes twice if I move from eTrade to another platform?

I have vested shares at the company I work at. Somewhere around $40k worth, in an eTrade account. I've paid due taxes through share withholding, but have not sold yet because I believe in the company ...
0
votes
1answer
70 views

Is it true that we typically consider the operating costs, but for a “long lasting item”, we make it a capital expenditure and depreciate it?

When investing in companies, I have to understand what "capital expenditure" is. It seems that we typically consider how much we take in (sales or revenue) and deduct the costs and arrive at net ...
1
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2answers
85 views

Is the cost of buying computers, warehouses, and trucks and fixing the roofs all “capital expenditure”?

When investing in companies, I had to understand what "capital expenditure" is. Let's say each year, the company has to buy $200,000 worth of new computers for their employees. Is this capital ...
-2
votes
0answers
26 views

Sources to download Historical Fiat currency Data [on hold]

I am beginner in terms of knowledge about sources of financial data. I need to download historical fiat currency data for US Dollars , Japanese Yen , EURO etc. May be i looked at the wrong place. ...
0
votes
2answers
41 views

Getting a refund with different-currency credit card

If I have a US Credit Card and I make a purchase in Canada, I know I won't get the BEST exchange rate. But if I return whatever I purchase and the store initiates the refund process, will I get a full ...
27
votes
10answers
9k views

Why would a life-insurance company agree to a 20-year guaranteed life annuity which is expected to pay out more than the principal?

I'm working through a paper on lifetime annuties, and in the paper, the following example is presented: With an initial purchase of $100,000, and a guarantee period of 20 years, an 80 year-old female ...
5
votes
4answers
513 views

Income too high for a Roth IRA

I now make too much money to invest in a Roth IRA. I get no tax benefit from putting money into a traditional IRA since I already have a 401k plan which I max out. What should I consider investing ...
1
vote
1answer
80 views

HSA and tax free investing

The below is a quote from another HSA question's comment: I agree. To your point the best course of action would be to max out your HSA contributions, not distribute them even if you can, invest ...
0
votes
3answers
104 views

How to accurately evaluate the financial potential of a startup with little understanding of business finance?

TL;DR I have been tasked to reevalute the possible financial potential (and by financial potential I mean possible cash-flow, profit, return of investment) of the startup I work in as an R&D ...
0
votes
1answer
59 views

Calculate percent of goal where start is not zero

How would I calculate the percent to a goal between two numbers where the starting number is not zero? for example: purchase price = $10 target price = $80 current price = $61 What percent to $80 ...
0
votes
1answer
83 views

Given wrong POS machine receipt, should I be worried?

I was shopping today and paid with a local bank debit card (not Visa, MasterCard or some international card, just an ATM card issued by a local bank). Normally there would be 3 identical receipts and ...
0
votes
0answers
19 views

Do LLC Profit Shares follow the same allocation rules as equity options?

I've founded and bootstrapped an LLC and a friend wants to help out with development and not take an hourly contractor rate. He's aligned with the mission and wants compensation in the form of stock ...
0
votes
1answer
110 views

How can I scrap the ATM transaction fee of a major bank in Canada, customer for 20 years, from now on?

I am with a major bank in Canada that charges a particular fee for visa credit card and ATM debit card money withdrawal and probably for deposit also. I pay interest for the credit card. I have been ...
2
votes
3answers
154 views

Practicalities of giving to children and grandchildren

I want to give $15k each to my daughter, her husband, and their two children for a total of $60k/yr. I see this example all over the internet, but no details on what this actually looks like. Since my ...
0
votes
1answer
42 views

What is the correct accounting for purchases made on personal credit card?

I recently started an LLC. The LLC does not have a credit card of its own yet, and I've had to use my personal card to make purchases which I paid through personal funds. (Yes, I know I shouldn't do ...
0
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2answers
73 views

Does the stock market provide better long term returns than bonds outside the US?

There is an old saying that stock market provides better long term returns than bonds. The example usually cited is always the US stock market which has had a good bull run and has it doubled in ...
-2
votes
0answers
44 views

Can you hold both Series 6 and 7 licenses? [on hold]

Can you hold Series 6 and Series 7 licenses at the same time? Or if you lose 6, get 7?
0
votes
4answers
159 views

Are there companies who you can invest in that invest for you?

I'm wondering about if this sort of thing exists, the idea is that you invest in a company to do investing for you, they check the market, talk to investors about smart choices etc for a small cut of ...
0
votes
1answer
88 views

Should relocation to more expensive area affect home-ownership decision?

I am about to relocate (from outside the US to Massachusetts) for a limited time period (~4 years). Compared to my current job and expenses, both prices and wages should be approximately X1.5 times ...
0
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0answers
14 views

What time frame does a candle represent? (MT4)

I'm using MetaTrader 4 and want to understand the specifics of what a candle shows. If a candle represents, on the 1 minute time frame, 21:01 (9:01pm) is this candle showing the price action between: ...
0
votes
1answer
29 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
97 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
43 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
46 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
77 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
222 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
3answers
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
277 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
40 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
32 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
127 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
104 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
53 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
458 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
67 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 ...

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