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1
vote
5answers
185 views

Is it valid to mix assets and expenses when calculating the worth of a house?

I'm trying to calculate (for myself, not relying on other people's graphs) when it becomes worth it to buy vs. rent. On the positive side, there is: the down payment, property that (roughly, over ...
2
votes
1answer
119 views

First time getting car finance, but existing car in my wife's name

Our current situation is that we’ve always had our sole family car registered in my wife’s name, and insured in her name with me as an extra driver. However, we’re planning on buying a new car with ...
38
votes
3answers
11k views

How to prove that invoices are really unpaid?

When it comes to official business documentation (USA) between a company and a client who is either another company (B2B) or individual person (B2C), how can the company providing the invoices, prove ...
0
votes
0answers
56 views

As a Indian Citizen how can I transfer my savings to Singapore

Indian economy is very volatile right now. Central bank is taking the heat and its showing in the notifications it's putting up. One of these mind wrecking notification came up for PMC bank where a ...
-2
votes
0answers
88 views

Someone told me they would transfer money to my bank acc though his bitcoin wallet [duplicate]

Someone told me that they would transfer 2500 everyday to my bank account, he said hes a bitcoin miner and hes sending it from his bitcoin wallet, he needs my log in info for my banking app and says ...
-1
votes
1answer
85 views

Journal entries for payment of tuition fees [closed]

A student has total tuition fee of 8,000. The student paid 3,000 as a down payment and the journal entry is: Cash 3,000 AR 5,000 Tuition Fee 8,000 But what if the student will pay 3,500 for ...
0
votes
3answers
85 views

Do personal loans interest rates change based on central bank's interest rates?

I have read that the central bank has an interest rate which affects the rate at which banks borrow and lend federal reserves to one another. What I am confused about is how the central bank's ...
3
votes
2answers
68 views

Does trading currency choice in a Gold ETC make a difference when base currency remains same?

The WisdomTree Physical Swiss Gold Exchange Traded Commodity is available in trading currencies of both GBP (SGBX.L) and USD (SGBS.L) on the London Stock Exchange. I believe that the base currency ...
22
votes
4answers
7k views

Do businesses save their customers' credit card information until the payment is finalized?

Paying by credit card is sometimes a multi-step process. In some of those cases, only the initial authorization is made at the point of sale; the finalized transactions are usually entered as a batch ...
1
vote
1answer
47 views

What's the double-entry bookkeeping method for tracking a Safe-to-Spend balance and amounts saved towards goals and expenses?

The bank Simple has three great features: Safe-to-Spend Goals Expenses The Safe-to-Spend balance is pretty simple: it's just the balance in your checking account minus the total amount set aside for ...
0
votes
2answers
197 views

Could one convert US Dollars to Argentinian Pesos, move to Argentina, and live a life of luxury?

The Argentine Peso to US Dollar exchange rate has decreased from .12 in Oct 2014 to .017 today. That means a dollar can now buy 7 times as much in Argentina compared to the past. Could one now ...
0
votes
1answer
93 views

Selling software to a company? What copyright should I do?

I have developed an android app related to industrial automation. A service provider automation company wants to purchase it from me and sell it to there clients! I have a doubt should I add my name ...
4
votes
0answers
29 views

Striking a “ready willing and able” clause from an Estate Agent's contract [migrated]

Uk-based I'm about to instruct an Estate Agent for the sale of my house. I asked for a draft of the contract and found that it included a "Ready, willing and able" clause. Full text: You will ...
1
vote
1answer
43 views

What's the difference between a fund and a security?

I have always used the terms synonymously but I think there is technically a different between the two. For example, given two seemingly similar assets, one is classified a security and the other a ...
1
vote
3answers
90 views

What actual amount is considered by a bank for a home loan?

Which amount is considered by bank for provide a home loan? Is it considered what is mentioned in the sale agreement? Or is it considered the actual market value of property?
-2
votes
0answers
78 views

Difference between 2 ways of measuring wage against inflation (Compare Variation and Deflate)

Let's say we have these data: inflation index t - 1 = 100 (inf_index_tm1) (tm1 = t minus 1) inflation index t = 120 (inf_index_t) wage at period t - 1 = 110 (wage_tm1) wage at period t = ...
-1
votes
3answers
300 views

Is gold inflation-proof or not?

I feel a bit confused. I read something on this site about gold being inflation-proof. Other people stated that it is untrue. I feel confused why. You can print money, but you can not print gold, ...
1
vote
4answers
236 views

Is high return and low risk possible?

In finance, we often see that high return instruments should be accompanied by high risk. Is it possible to have a high return and a low risk financial instrument?
0
votes
1answer
32 views

Do you know any tax construction where time is used as a factor in calculating the tax rate?

Normally, you calculate the tax, anywhere in the world, in money, and you pay it with money (regardless of the technical way of doing it). But, are there other ways than money, perhaps applied ...
1
vote
1answer
47 views

Understanding the notion of future options

I am currently studying different types of option-related derivatives and I am quite confused about the notion of “futures options”. My textbook says that A futures option is the right, but not ...
-1
votes
0answers
114 views

Transferring Paypal money to sons friend [migrated]

I said my son is in prison and his friend. My sons friend has a girlfriend that sends money alot to him and it has to be sent through an approved account so she sends it to me. And the friend has a ...
1
vote
1answer
85 views

How do Money Service Businesses (cheque cashing places, Money Tree, etc) actually cash cheques?

I understand a paper cheque ("check" en-US) is essentially a type of legally enforceable contract. The writing on the cheque essentially says: "I, Mr. Moneybags will pay £500 to Mr. John Smith. I ...
1
vote
1answer
56 views

Why do FNMA and FHLMC impose loan limits?

Why do FNMA and FHLMC announce new loan limits for one to four-family loans? Is there a justification to have something called "conforming" loans as opposed to "jumbo" loans? Is this to separate on ...
2
votes
1answer
34 views

Do foreign persons need to file 1099s?

Do foreign persons need to file 1099s. If so, how do they do so without a TIN? For example, let's say a foreign person visits the United States and hires a chauffeur and pays them several thousand ...
0
votes
1answer
109 views

How is a plumber different than a landscaper as far as requiring a 1099?

I have read blogs that claim I need to file a 1099 if I hire a gardener to mow my lawn or a snow plow guy to do my driveway and pay them more than $600 per year, even if that contractor has lots of ...
1
vote
2answers
97 views

How does a non-resident foreign person report payments to a maid in the United States?

I have a friend who is not a US citizen and is not subject to US taxes. He typically pays expenses through a solely owned trust, which the IRS considers to be equivalent to a sole proprietorship. He ...
2
votes
0answers
54 views

Employer wants me to get an EIN for contract work. Is this okay, and if so, what kind should I choose?

I recently got offered a job opportunity to do contract work with an IT company. But along with all the usual paperwork, it's mandatory that obtain and submit an EIN. But I'm not sure which type I ...
0
votes
0answers
93 views

Can you legally keep(pool/collect/save) people's money to give to an organization?

Is it legal for me to get checks from say ten people for $300 to pay for a weekend camp, and then give the camp a check for $3000, or can only a 501(c)3 to do that?
1
vote
0answers
38 views

Why would anyone use a bracket buy instead of a trailing stop loss?

From my understanding of how these bracket orders work you simply buy-in and then set a stop-limit above and below. This assumes you want to get out at some set position above the stock's current ...
4
votes
6answers
2k views

How does paying extra on my mortgage affect my amortization schedule?

I am a first time home buyer and have some spare cash after my home purchase to pay forward quite a bit of money (cash was not available during actual purchase, so, no, I could not have put it towards ...
1
vote
0answers
61 views

How vulnerable are my investments to broker bankruptcy? Portability of investments and transfer costs? [duplicate]

Let's assume I use a broker like Ameritrade or Schwab etc. to buy Mutual funds, ETFs, stocks etc. Now, let's assume that some point down the line the broker company goes bankrupt or shuts down due to ...
-2
votes
0answers
44 views

Is it safe to pay rent via NoBrokers credit card pay

What is the profit model for company in launching this scheme ?
0
votes
2answers
195 views

What happens to the physical assets such as laptops and phones after closing a company?

Let's say that I own a small company with 10 employees. The company has provided each one of them with brand new laptops and mobile phones. If the company closed, the employees would return the ...
0
votes
2answers
77 views

Applying for first Credit Card in USA (International Student/Teacher)

I have been in the U.S. for the past 1 year and since then I just have a Wells Fargo Debit card. Recently I tried to apply for an American Express credit card (applied online) but I got rejected. ...
-1
votes
2answers
272 views

How to bank on my own?(self hosted bank account) [closed]

I'm from Poland and I do not want to have a bank account but I want be able to use a card and do all of that nice online stuff. It would allow me to do automated stuff and maybe other cool other ...
1
vote
2answers
144 views

Is it safe to give credit card first 6 numbers+ last 4 over email? [duplicate]

A company that I had previously had a subscription with and cancelled continues to charge me, so I contact their support team and they say that their system shows me to be cancelled. They have asked ...
-5
votes
3answers
168 views

How do I transfer funds from MY OWN card to MY OWN personal bank account?

Would anyone please be so kind to explain me how (where) could I transfer funds from my own debit and/or credit (particularly debit) card issued by X bank (USA) to my own personal checking bank ...
1
vote
1answer
50 views

City of Detroit Individual Income Tax Interest and Penalty Calculation

I tried to read the instruction from https://www.michigan.gov/documents/taxes/5313_Book_642104_7.pdf in order to calculation the interest and penalty I need to pay if I sent the payment. However, I ...
4
votes
1answer
80 views

Do options have CUSIP numbers?

If so, then where to find them?
2
votes
1answer
92 views

Are all the capital gain of a house or stocks tax free and have a new cost basis if passed as inheritance?

I was watching a YouTube video by TechLead, and he said that in USA, if a house or stock is passed down as inheritance, then it has an adjusted cost basis of when the person passed away. So as an ...
2
votes
2answers
141 views

What to do with tax-free 50k? [duplicate]

Say I'm a federal employee and as far as retirement and healthcare, everything is smooth sailing, I'm well on track to retire comfortably with a pension in lets say 2045. Also consider zero debt, no ...
-1
votes
0answers
42 views

PPS Alerts in ThinkOrSwim

I am trying to make an alert in tos for PPS buy and sell signals. plot ppsSell = PPS().sellSignal; alert(ppsSell, “PPS Sell Signal”,alert.BAR, sound.Ring); When I try to add it to MarketWatch I get ...
1
vote
1answer
51 views

Confusing Performance Charts

I don't understand the following charts, and wondered if someone could explain to me why they seem inconsistent with one another. Context: While doing research recently into a mutual fund SGENX, ...
1
vote
4answers
169 views

Question about double-entry accounting [closed]

Here's a typical statement on the subject from this SO post: The logic, for those not familiar with accounting, is: money is not created nor destroyed, it is only transferred from account to ...
12
votes
8answers
6k views

How much income am I getting by renting my house?

I am moving from Portland, OR to SF Bay area and therefore contemplating whether to sell or rent the house. I am not planning to move back to this house. Property details: Bought for : $267,000 Paid ...
5
votes
1answer
750 views

Multiple stock symbols for same company with in USA

I was looking for a quote (and trading) for Berkshire Hathaway Inc class B . There are web sites that are displaying the following symbols BRK'B NYSE: BRK.B BRK-B Why so many and what about ACATS ...
17
votes
7answers
7k views

How to handle shared mortgage payment if one person can't pay their share?

I have been struggling with figuring out how to handle mortgage payment on a common apartment after a breakup. I am usually good with numbers but those configurations all seem to make some sense for ...
0
votes
1answer
60 views

After a company declares partnership, when does the quarter revenue start counting?

Is it the next quarter, or was the payment delivered in the same quarter? Example: Yesterday AMD declared partnership with Microsoft saying that the new Surface 3 laptops will be delivered with AMD ...
2
votes
1answer
31 views

Request of W8BEN from bank

I am a foreigner who resides in the US, and I am a 'US person' from a fiscal point of view. Therefore, it is my understanding I should not file a W8BEN. Nevertheless, I have a bank account and some ...
4
votes
1answer
99 views

Health Savings Account without Earned Income

I live in the United States. I have read that you can contribute money to a Health Savings Account even if you are no earned income. It that right? The reason I find it a bit hard to understand is ...

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