22

As with all crimes there is a huge difference between violating the law and being caught. Probably the most problematic and easiest SEC rule for a small investor to break is insider trading. In most firms employees are informed of changes to the firm's financial situation or new clients that are close to signing in town halls before they are released to the ...


16

If not, why not? Because this is simply not how checks work. There is historical setup, carried over time, and if you want to deposit money FROM bank A into an account on Bank B you do not use a check, you use a direct transfer which is more common in most countries anyway.


8

You are probably not eligible for an HSA based on your secondary coverage. From IRS Pub 969 (emphasis added): Qualifying for an HSA To be an eligible individual and qualify for an HSA, you must meet the following requirements: You are covered under a high deductible health plan (HDHP), described later, on the first day of the month. You have no other ...


8

I even tried getting rid of the obvious massive tech winners and just relying on stocks like McDonald’s, Coca-Cola, Costco, j&j and GE You used survivor bias to pick your stocks. You picked Costco, but didn't pick Toys R Us, Sears, Radio Shack, or JCP. You did pick GE, which has had a tough decade but also didn't pick airline stocks. Energy companies ...


8

Bottom line: it's of no advantage to Bank A to allow you to do this (at least, without charging a fee). As Fattie points out in comments, another potential issue is Bank A not knowing any details of Bob's account with Bank B. At least in the UK, there are – at least in principle – ways around this, although I don't know whether any of these ways currently (...


7

The general consensus on paying points to lower your mortgage interest rate is that it's a bad idea. The reason is that it takes a while to break even, say 5-10 years before it was worth it to do so. If you refinance or sell before the break even point then the purchase of points was wasted. If you start overpaying the mortgage to pay it down early, this ...


5

Doing something solely "so that I can claim a higher tax deduction" is generally not a good idea. While a tax deduction is an usually incentive to do something, you should only do that thing (e.g. donate money, pay mortgage interest/points, etc.) if you were inclined to do so anyway. Generally, in order to take a deduction of $X, you must give away/...


4

Is there an actual way of figuring out which lender will have the best interest rate, or are they all going to be essentially similar enough to where it doesn't matter that much? In that case, I would be best off choosing the lender who is easiest to work with and has the most competitive closing costs, or some other factor that is important to me? The ...


3

tl;dr; Do the refi and don't worry about your credit score. The refi as you described can save you almost $500 in the first year, and likely thousands over the course of the loan. The slight dip to your credit score due to the hard inquiry is only temporary, and it will likely be just one instead of multiples. Regarding the Average Age of Accounts change, ...


3

It depends on whether they made the determination of your stimulus "check" (advance payment) eligibility and amount based on your 2018 tax year or 2019 tax year. If your 2019 tax return had not been processed at the time they made the determination, they would have used your 2018 tax year, and determined that you did not qualify. In that case, you ...


3

Assuming that you are a U.S. citizen or resident alien, then yes, you should be eligible for the stimulus check, or Economic Impact Payment, as it is officially called. You have filed your 2019 return and are not a dependent, and are well under the income limits necessary for the payment. The IRS has a page called Get My Payment, where you enter your Social ...


3

It will work in only a very limited set of circumstances. But can I go to Bank A and have them deposit the check into my account at Bank B? If not, why not? In the United States most credit unions are small, they only have a handful of branches. But there are also places known as credit union Service centers. They can actually tap into the accounts of ...


2

A wash trade - where a single person takes both sides of a trade - is against the rules, as they can be used to manipulate the market. I ran into this (I wasn't trying to manipulate anything). I wanted to transfer some stock from one account to another. Same broker. They only allow one account to have margin, and I wanted to be able to sell covered calls on ...


2

If you're a small buy-and-hold investor, you're not going to show up on the SEC's radar. What gets you on the SEC's radar is very large profitable positions. For example, you've never bought more than 5 options on a stock and suddenly you buy several hundred of them just before a news release and the stock then makes a large move in your favor after news. ...


2

The most straightforward way I can think of to violate SEC rules with a retail brokerage account would be insider trading: trade a stock based on non-public information in breach of a fiduciary duty. For instance, if you worked for a company that you knew was about to get acquired, but that information wasn't public yet, you could buy a bunch of your ...


1

Your SSN is yours for life. Unless you close down your investment accounts before (or after) you leave the US, any income (interest, dividends, capital gains, etc) that is generated in the investment accounts is nonetheless taxable income in the US to you even though you are no longer residing in the US. Many countries have tax treaties or double-taxation ...


1

The point of the credit score system for banks is to attempt to make every customer equally profitable. According to the rating agencies, a customer with a bad credit rating is statistically more likely to stop paying installments on their debt (which means a lot of hassle for the bank) or even declare personal bankruptcy. That means the bank loses money on ...


1

Should I wait to sell them after I move to WA? Will that help me avoid the 10% tax that CA imposes? Ignoring the risk of waiting. You will have to provide enough proof that California can't claim you are still a resident of their state. That means don't sell until you have completely severed all ties to the state of California. Get a new drivers license, ...


1

You have asked a new question in comments on the other answer We have also visited the US for our honeymoon so if there were any issues, wouldn't they hold my wife for a bit as soon as she was trying to enter the US? that cannot reasonably be addressed in comments. This is against Stack policy; this is not supposed to be a chat room, questions are supposed ...


1

You will need to state the withholding rate as 25% citing the clause you have included in your question. You can't have the foreign broker withhold 25% of the dividend and claim it on your Indian return. As far as I know, when you file your US return as a non-resident (1040NR or 1040 NR-EZ), you should calculate your taxes as per US tax brackets and should ...


1

The borrower doesn't buy points on a mortgage; the borrower pays points (effectively pre-paying extra interest) in order to get a reduced interest rate on a fixed-rate mortgage. Pay the points if you are planning on staying in the house for a long time (the reduced interest rate is beneficial in the long term), but negotiate for no points if you expect to ...


1

This depends on the business model of Bank A. You can, today, walk into check cashing, payday loan, or money transfer businesses such as Western Union, present a check made out to yourself, satisfy their identity requirements, perhaps build in time lag for the check to clear for the transfer to occur, give them details for your account at bank B, and ...


1

Look at the sequence of items, and related instructions, on 1040. The 2020 version isn't out yet, and according to the (nonfinal) VITA/TCE training it apparently will have some items renumbered, but as of 2019: lines through 12b: compute income/AGI less adjustments and deductions, and resulting tax, including additions to tax for AMT and excess APTC within ...


1

The non-refundable negates your tax bill. Then the refundable, gets sent to you. The only thing I can tell you about taxes, nothing is simple.


1

I think this question really boils down to: If I over contribute to my 401k across multiple companies, can I choose which company to undo the excess contribution from? In your case, obviously you'd prefer to undo the contributions from the first company. This article suggests that you can choose: You can take the corrective distribution from any account. ....


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