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24 votes

Is it a good idea to invest in a small-scale solar power plant for income?

Whether any investment makes good financial sense depends on a few factors - let's see how this project lines up: (1) What are the projected revenues from the investment? Looks like you have an ...
Grade 'Eh' Bacon's user avatar
21 votes

Is it a good idea to invest in a small-scale solar power plant for income?

As usual, Bacon's answer is excellent. I'd like to direct some feedback to the data you specifically provided. Your anticipated cost of the solar power system is 5000€ - 7000€ and you expect to earn ...
BobbyScon's user avatar
  • 14k
12 votes

Is it a good idea to invest in a small-scale solar power plant for income?

Another aspect that hasn't been mentioned so far, is that the low voltage system in Greece is not capable of maintaining stability while handling energy injections by distributed generation at ...
user000001's user avatar
9 votes

Is it a good idea to invest in a small-scale solar power plant for income?

Do you think it is a good idea to use this approach, so I can have an income not based upon software engineering? If you think you are better at running a solar plant than you are at being a software ...
J...'s user avatar
  • 298
5 votes

Does the 3.8% tax surcharge include income below $200,000?

From Medicare taxes and you The amount you owe is based on the lesser of your total net investment income or the amount of your MAGI that exceeds $200,000 for individuals, $250,000 for couples ...
JTP - Apologise to Monica's user avatar
3 votes

How much money is needed to get an investment bank account?

With Schwab I believe there is no minimum. For vanguard I believe they have a star fund that is $1000 https://clark.com/personal-finance-credit/vanguard-lowers-fund-minimums-1000/
Mark Monforti's user avatar
3 votes

safe investment for elderly

Buying CD's are profitable, yes there are pros and cons of buying a CD. When you buy a CD, you promise to invest a fixed amount of money in a bank for a set amount of tenure. Your money is insured by ...
Katie Bell's user avatar
3 votes
Accepted

investing in mutual fund vs. rental property over 10 - 15 years

Given the numbers you have provided, this looks like something you would want to explore more in depth if you are looking just for profit and unconcerned about providing additional labor. In my own ...
Pete B.'s user avatar
  • 76.7k
2 votes

investing in mutual fund vs. rental property over 10 - 15 years

Assuming the US from the use of $: Would the apartment be considered part of my house and my property tax would increase? Yes, the addition would increase the value of your property and thus the ...
D Stanley's user avatar
  • 137k
2 votes

Investment vs Income Tax

You can also invest 1.5 lakhs per year in tax-saving schemes such as Equity Linked Savings Scheme (ELSS). ELSS has a lock-in period of 3 years. ELSS funds are tax saving mutual funds, in which ...
Joko's user avatar
  • 31
2 votes
Accepted

Withdrawing funds from a professional money management account

You indeed may end up with more or less than $100. Since you use the phrase see a cash equivalent of your funds, I assume you understand that it is not actually cash that you have in this account; ...
yoozer8's user avatar
  • 9,513
2 votes

Is it a good idea to invest in a small-scale solar power plant for income?

Projections are uncertain. Especially when concerning the future. There is no guarantee that the grid owners will pay you in 2 years what they pay now. Many people have the same idea and revenue will ...
biker's user avatar
  • 21
2 votes

With 500k in Netherlands, Best path towards regular income, settle mortgage and rent or sell and invest?

500K in laddered US 4-week TBills (5.375%) would kick off 513 a week in interest. No risk, if you trust the US government. ;-)
RickardV's user avatar
1 vote
Accepted

US Federal Income Tax: 3.8 % Investment Tax owed if Deductions are greater than AGI?

That is correct, even if you elect to apply charitable contributions deduction to up to 100% of your AGI (something that is allowed in 2021 specifically), the deduction would still be added back into ...
littleadv's user avatar
  • 177k
1 vote

How much money is needed to get an investment bank account?

Most banks have no minimum, you can open an account with 1 cent if you care to. There are probably some banks that will not bother about clients under a certain limit, but obviously, every bank in the ...
Aganju's user avatar
  • 37.7k
1 vote
Accepted

End balance after x years of an account with fixed interest rate and growing withdrawals

The answer depends on the frequency of the withdrawals. If they are annual it's fairly simple. You can use this formula:- b[n] = ((r + 1)^n (i s - r s + w) - w (i + 1)^n)/(i - r) Formula 1 ...
Chris Degnen's user avatar
  • 9,877
1 vote

Investment vs Income Tax

to minimize IT under 80C, which investment is most beneficial? All are same. You can invest into any of the instruments under 80C and investments upto 1,50,000/- are deducted from Income. Depending ...
Dheer's user avatar
  • 57.1k

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