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18
votes
5answers
10k views

Mistakenly wrote "$" in the numeric section of check

When filling a check, I wrote the numeric value correctly. However, I wrote "$" before the numeric value (while the check itself has "$" symbol printed at the beginning of the ...
1
vote
1answer
18 views

Mismatch Between FV Function and the Bankrate Simple Savings Calculator

I'm trying to replicate the functionality of the Bankrate Simple Savings Calculator in Google Sheets. I've assumed that I need to use the FV function, but I can't get the numbers to match exactly. ...
13
votes
3answers
3k views

What happens to your credit score on prolonged absences from the US?

What happens to your personal credit score when you live overseas for over a decade while only maintaining a checking account and a credit card(used only on the short trips back to US), but no ...
1
vote
2answers
92 views

How does the legal "deposit insurance" work if you have large debts, but also liquid funds?

Assuming you have a mortgage of 700K CHF (i.e. minus, debts) But you have 300K CHF in liquid assets on your savings account. If the bank goes bankrupt, you have 100K guaranteed back in Switzerland (...
7
votes
1answer
727 views

Can I deduct driving expenses when I am driving for Uber?

A person is driving for Uber. He gets in his car and turns on the Uber app. After some time, he gets a rider. He then drives to pick up the rider. After that, he gets another rider. He repeats this ...
0
votes
2answers
59 views

Down payment of owner-occupied multi-family after buying owner-occupied single family

This question is about US mortgages. I was talking to a realtor who told me that buying a single-family home now as owner-occupied would prevent me from applying for an owner-occupied mortgage for a ...
3
votes
1answer
49 views

Is the RRSP Contribution period 12 months or 14 months?

Assuming a clean slate (i.e. no carry-forward contribution room) I always thought the one could make their RRSP contribution any time within the calendar year + 60 days after the end of the year. If ...
-5
votes
2answers
77 views

Growing the Retirement Money 10% or higher [closed]

I have noticed that many people have mutual funds in their 401K and IRAs. The gain with mutual funds is significantly low. Sometimes the gain is flat or loss if the investment stays for some years. ...
1
vote
0answers
52 views

Can I move to another country and keep my Belgian bank account? [closed]

I'm an EU citizen and I have been living and working in Belgium for the last few years. I'm planning to move back to my home country (also in Eu) in a few months, and I'd like to keep my Belgian bank ...
-2
votes
0answers
100 views

if a stock rises over 10% in one day but there are no more shares to short what would happen? [closed]

I’m wondering if a stock rises over 10% in one day but there are no more shares to short what would be the outcome on the next trading day. It seems that with no more shares to short that the stock ...
5
votes
3answers
620 views

Support for 50 & 100 Moving Averages

This is the S&P chart as of yesterday 1/7/2022. An analyst said that the S&P had reached its 50-day low and if it does not go higher, it will reach its 100-day low. My questions are: Who is ...
1
vote
1answer
32 views

Difference between Macaulay duration and modified duration?

I'm studying finance and am struggling to find the difference between the macaulay duration and the modified duration? I believe the Macaulay duration is the effective time a bond is due to be repaid ...
0
votes
0answers
45 views

Will Transferwise report foreign currency balances to client's country?

I am from Middle East and I keep $69,420 in my Transferwise USD account. Transferwise isn't a bank but they are regulated by local governments. I'm curious how they are regulated Will Transferwise ...
0
votes
1answer
54 views

Tracking realized gain in GnuCash

Let's begin with an example: I have 1000 RUB. Then I buy 10 USD with an exchange rate of 60 RUB/USD, so I have 400 RUB and 10 USD. And after that I sell 10 USD for 80 RUB/USD, so I have 1200 RUB. What ...
1
vote
0answers
157 views

How Long Will Lump Sum Last if you Withdraw 5% each year? [closed]

If I gave a Trust Company $800,000 to invest at 5% annually compounded interest, how long before the balance of the account goes to Zero if I withdraw 5% every year? I can find compounding interest ...
0
votes
2answers
34 views

Correct way of using "Buy-stop-limit" to purchase stocks when price goes below a value

I see everywhere explanations of "sell-stop-limit" (to sell your stocks) and I found an explanation of "buy-stop-limit" for when you want to buy stocks once the value starts rising....
0
votes
1answer
65 views

Why do i see this significant dip in OI on the first tick

Why do we see a huge(relatively) dip in OI on the first tick when the market opens ? Does this happens because people closing out their previous position the moment market opens ? Or there is ...
0
votes
1answer
41 views

How can the prices of two deep ITM options of the same underlying, but at different expiration dates, go in different directions on any given day?

I have sometimes witnessed the price of deep in-the-money option contracts of the same underlying, but different expiration dates, go in different directions by the end of the trading day. This makes ...
1
vote
0answers
30 views

Interpreting questions on EI report when doing temporary work

There are several questions on the bi-weekly employment insurance report that are difficult to know how to answer. I often work temporary jobs, a few weeks or months at a time. Did you start a full ...
1
vote
2answers
86 views

Taking temporary loan from my relative to invest in an LLC in USA

This question is in context of USA. Background: My brother and I plan to invest money in an LLC that will invest in a startup. I will take a temporary loan at 0% interest from my brother to invest in ...
0
votes
3answers
130 views

Are biweekly mortgage payments done every 2 weeks or paying 1/12th extra with each month's payment?

I may have confused myself. I am trying to create a spreadsheet to figure out the different payments for different loan terms and payment methods (biweekly and monthly) since the calculators I see on ...
0
votes
0answers
36 views

Voluntarily stopping SSDI and still receive Medicare?

I'm helping a friend on SSDI navigate returning to work (as a freelancer) full time, while retaining some healthcare-she currently has Medicare because of SSDI (more specifically, Parts A and B and-...
2
votes
1answer
46 views

Taxable Benefits in Self Assessment when taxed at source

I am presently completing my self-assessment for 2020/21 and due to my very simple financial situation I was expecting it to be easy. I was (and still am) a single person, employed by a single large ...
0
votes
0answers
52 views

If I change tax residence from country A to country B, how is the tax calculated for assets bought while resident in country A and sold in country B? [closed]

I have a question regarding taxing capital gains on stocks and ETFs. If I change tax residence from country A to country B, how is the tax calculated for assets bought while resident in country A and ...
0
votes
0answers
61 views

How to find what stockbrokers in the UK would accept shares from the another market [closed]

I'd like to find what stockbrokers/banks in the UK would accept shares from the Spanish market (BME - Bolsa de Madrid) and would be willing to complete a re-registration step as per Spanish market ...
0
votes
0answers
32 views

Adding an Expense subaccount in a budget in Gnucash

I am learning Gnucash to do my household finances. You can easily add subaccounts to a parent account in Gnucash, but I can't figure out how to do it in a budget. When you create a new budget, it has ...
3
votes
1answer
107 views

How can I find the FMV of my property 10 years ago, the year my husband passed away?

How can I find out the FMV of my property 10 years ago, the year my husband passed away. Related to if the $500K tax exclusion is applicable still if I sell my house this year.
0
votes
0answers
36 views

UK capital gains tax for international student moving between countries

I am an international student who moved to the UK on 01/10/2018 and stayed there till 31/12/2020. I then moved to my home country of Singapore which has no capital gains tax on 31/12/2020 and will ...
0
votes
0answers
20 views

Pros/Cons of Foreign Ordinary Shares vs International Markets

As a US investor I have several options to invest in foreign equities: Direct investing in a foreign market (ASX, TSX, TSXV, etc.) ADRs (Y-class shares on OTC, not always a 1:1 ratio) Foreign ...
1
vote
1answer
24 views

How to find CAGR from absolute return in a given duration?

What is the formula to figure out "Compound Annual Growth Rate (CAGR)" from absolute returns? Say, if 100% is the absolute return in 5 years tenure, then how would I find what is the CAGR ...
0
votes
1answer
56 views

Can you get a tax advantage for hiring a freelancer?

Can you get a tax advantage for hiring a freelancer without setting up a LLC? The issue is the following. Let's say I crowdfund 100k for a project, I have to declare this amount in my tax earnings, ...
1
vote
1answer
46 views

How is UK statutory redundancy pay affected by a switch to part time?

I know that UK redundancy pay is based on a week's pay for each full year worked, with some adjustment for age which we can ignore. There are also various caps and minimum periods to ignore. But ...
1
vote
1answer
43 views

balance-dependant scheduled transactions in gnucash

Is it possible to schedule transaction in gnucash, where the amount is not fixed at scheduling time or entered manually each time, but calculated automatically? For example, automatically transfer 5% ...
1
vote
2answers
64 views

Preferred Stocks: Why do you have to sell the detachable warrant to receive dividend?

I'm reading about detachable warrants and it says that: Because they are attached to preferred stock, investors may not be able to receive dividends for as long as they hold the warrants. (https://...
0
votes
2answers
131 views

Does it ever make sense for a non-US investor to buy US stocks for the dividend?

Given there's a 30% dividend withholding tax, could it still make sense to buy US stocks for the dividend? Given US dividend-paying companies usually have a longer track record of dividend payments ...
2
votes
1answer
217 views

Refinancing a mortgage: Can you buy points with cash out?

Looking over different mortgage refinance rates, I have found some that are favorable in the 0.5-1.5 point range, but the upfront cost exceeds what I'm comfortable paying out of pocket. Is possible to ...
0
votes
2answers
45 views

Refinancing a mortgage: Can I use an appraisal ordered by a previous lender with a new one?

My wife and I are currently in the process of refinancing our home. However, due to factors outside of our control, our rate lock with the lender we are currently working with has expired and the new ...
0
votes
0answers
133 views

Are amounts of less than a cent legally valid amounts in currencies like EUR or USD?

The following can be applied to any currency but let's consider EUR/USD for simplicity. In the context of cryptocurrency exchanges, one can hold assets for the value of thousandths of a dollar or even ...
1
vote
2answers
115 views

Asset allocation and tax efficiency

Common advice for asset allocation to increase tax efficiency is to: Put bonds in tax-advantaged accounts (401k, Roth IRA, etc) Put stocks (e.g., S&P 500 ETF) in regular brokerage accounts The ...
3
votes
2answers
166 views

Will local visit to IRS keep me out of ID.ME system?

I would like IRS 6-digit pin. I do not accept the terms & conditions of ID.ME. If I visit IRS branch, and obtain IRS 6-digit pin, they will not enter me into ID.ME system, correct?
2
votes
2answers
173 views

Reduce salary in exchange for higher employer 401k contribution?

Would it be in my interest (assuming my employer agrees) to reduce my salary by x amount in exchange for an increase in employer 401k contribution for x amount? For example if I make $150,000/yr and ...
1
vote
1answer
71 views

UK: is it possible to buy Vanguard Growth Index Funds (VGIX)? [closed]

Is it possible to invest in the Vanguard growth index funds if you're based in the UK? Either directly with Vanguard or via a broker. I asked Charles Stanley but they don't do it. Thanks
0
votes
1answer
87 views

Why are bond ratings more prominent than stock ratings?

Why do people care more about bond ratings than stock ratings (if they even exist at all)? For example, there are many bond funds that say they will only hold investment-grade bonds (typically higher ...
2
votes
1answer
37 views

Refinance Mobile and add a land purchase to make one loan

I have not bought the land. I have a mobile home that I have a mortgage loan. I would like to create a new loan with both the Mobile home and Land. The plan is to put it on a slab on the land we ...
2
votes
1answer
57 views

IRA rollover to meet minimum income for ACA subsidy

Can I use a rollover from a traditional to Roth IRA to meet the minimum income necessary to qualify for ACA subsidies in 2022? I do not qualify for Medicaid, and am buying insurance for a family of ...
0
votes
1answer
89 views

How does let-to-rent tax work

I’d like to let out my home in London for moving out to the country where I’d like to rent a bigger house. Will I have to pay tax on the rental income without claiming the cost of the new rent?
1
vote
2answers
97 views

Margin: Is my math correct?

I was recently introduced to the concept of margin and have been reading about it on and off for the last 2 months. I want to use margin funds for my house remodeling, and would appreciate if someone ...
0
votes
0answers
53 views

Why up bar always show greater volume than a down bar in a High volume Trending up stock?

This question is related to Intraday (i.e. Day trading). In a "High volume" trending up stock, When the Trend is still strong, I have noticed that the relative volume of "Up" bars ...
1
vote
2answers
67 views

What's the practical risk of reusing trade proceeds?

I built an algo that buys and sells securities in a few minutes. The idea would be to let it do that hundreds of times a day. After some paper trading tests, I wanted to test it with a couple real ...
3
votes
1answer
93 views

When do I report managed rental income?

In October 2021 I acquired a short-term-rental investment property in California for which I use a management company. They handle all booking management and collection, take a commission, then they ...

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