question_id stringlengths 1 5 | question stringlengths 14 158 | pos_item_ids listlengths 1 23 | pos_item_contents listlengths 1 23 |
|---|---|---|---|
3084 | What Did Benjamin Graham Mean by Earnings Stability in The Intelligent Investor? | [
"217749",
"597295"
] | [
"\"Yes - this is exactly what it means. No losses (negative earnings). With today's accounting methods, you might want to determine whether you view earnings including or excluding extraordinary items. For example, a company might take a once-off charge to its earnings when revising the value of a major asset.... |
3086 | Long vs. short term capital gains on real estate | [
"153281"
] | [
"No, it's not all long-term capital gain. Depending on the facts of your situation, it will be either ordinary income or partially short-term capital gain. You should consider consulting a tax lawyer if you have this issue. This is sort of a weird little corner of the tax law. IRC §§1221-1223 don't go into it, n... |
3088 | What is the difference between equity and assets? | [
"99751",
"345681",
"357717"
] | [
"\"Accounts track value: at any given time, a given account will have a given value. The type of account indicates what the value represents. Roughly: On a balance sheet (a listing of accounts and their values at a given point in time), there is typically only one equity account, representing net worth, I don't kno... |
3089 | Why is the fractional-reserve banking not a Ponzi scheme? | [
"576931",
"264195",
"583262",
"398131",
"581555",
"556618",
"437902"
] | [
"\"They're not at all the same. A Ponzi scheme is a fraudulent investment method that pays off early investors with deposits from later ones. Fractional reserve banking is the practice of keeping only a fraction of a bank's demand deposits on reserve, while lending out the rest. The reserve requirement is how cent... |
3090 | On paper I have 1 share in my company. How can I sell a smaller percentage of my company to another party? | [
"565041",
"97962",
"545719",
"200211"
] | [
"Simple: Do a stock split. Each 1 Ordinary share now = 100 Ordinary shares (or 100,000 or whatever you choose). Then sell 20 (or 20,000) of them to your third party. (Stock splits are fairly routine occurrence. Apple for example has done several, most recently in 2014 when 1 share = 7 shares). Alternatively you cou... |
3093 | I received $1000 and was asked to send it back. How was this scam meant to work? | [
"181371",
"222703",
"567517",
"491932",
"303367",
"356862",
"488334",
"106161",
"412084",
"402814",
"126743",
"67672"
] | [
"\"This is a very trivial scam. Flow is like this: Send money to Mr. X (you, in this case). Call Mr. X and ask for the money back, because mistake. Usually they ask for a wire transfer/cash/gift cards/prepaid cards or something else irreversible/untraceable. Mr. X initiates transfer back to Scammer. Accept the tran... |
3094 | How to calculate car insurance quote | [
"28504",
"272137",
"510314",
"426694",
"265013"
] | [
"First you should understand the basics of how insurance companies make money: In a simple scenario, assume 1,000 have car insurance. Assume that on average, 100 people have accidents per year, and that each accident costs $10,000. So, we can expect total costs to be $1,000,000 per year. Some of those costs will be... |
3095 | What is meant by one being in a “tax bracket”? | [
"115922",
"292769"
] | [
"Tax brackets refer to the range of taxable within which you fall. An income tax bracket usually refers to federal or state tax, not the combined rate. I have put here the tax brackets for 2016 for IRS and State of California. https://www.irs.com/articles/2016-federal-tax-rates-personal-exemptions-and-standard-ded... |
3097 | What are my investment options in real estate? | [
"423438",
"266848",
"387717",
"334077"
] | [
"Your post seems to read as if you want to invest only in real estate rental properties as a start because they will be a reliable investment guaranteed to generate profits that you will be plowing back into buying even more rental properties, but you are willing to consider (possibly in later years) other forms of... |
3098 | should the Market Capitalization be equal to the Equity of the firm | [
"285085"
] | [
"\"Lots of questions: In general, no. Market Capitalization and Equity represent 2 different things. Equity first, the equity of a firm is the value of the assets (what it owns) less its liabilities (what it owes) and consists (broadly) of two components - share capital (what the firm gets when it sells to investo... |
3099 | Buying a multi-family home to rent part and live in the rest | [
"487094",
"387700",
"552043",
"370644",
"215214",
"33006",
"44855",
"468894",
"588612",
"219061"
] | [
"\"The biggest question is do you want to be a landlord? There are a lot of ups and down to managing property from bad tenants to having to fix a water heater or replace a fridge. If you aren't interested in being a landlord, it is definitely a bad idea. If you do want to be a landlord, then the question is how... |
31 | Starting a side business slowly | [
"156554"
] | [
"\"This is a great question! I've been an entrepreneur and small business owner for 20+ years and have started small businesses in 3 states that grew into nice income streams for me. I've lived off these businesses for 20+ years, so I know it can be done! First let me start by saying that the rules, regulations, re... |
3100 | What are the tax benefits of a LLC vs a sole proprietorship? | [
"161020"
] | [
"\"This is going to vary tremendously from country to country (and even from state to state, in some cases). In general, though: Sole proprietorship: LLC: There are a lot of permutations depending on local law. One thing that isn't actually much of an advantage is the \"\"limited liability\"\" component of the LL... |
3104 | Can I force him to pay? | [
"285745"
] | [
"\"Its best to seek a lawyer, but it is unlikely you can force him to pay. You probably know couples, that are in some part of the divorce process, that have trouble obtaining court ordered payments. In your case you have less of a legal standing (exception: if you have children together). As far as the house go... |
3105 | Indicators a stock is part of a pump and dump scheme? | [
"193404",
"509430",
"466883"
] | [
"Pump-and-dump scams are indeed very real, but the scale of a single scam isn't anywhere near the type of heist you see in movies like Trading Places. Usually, the scammer will buy a few hundred dollars of a penny stock for some obscure small business, then they'll spam every address they have with advice that this... |
3106 | Tax Form 1099 and hourly worker do i file a W-2 if my employer filed the 1099 for me? | [
"586026"
] | [
"Forms 1099 and W2 are mutually exclusive. Employers file both, not the employees. 1099 is filed for contractors, W2 is filed for employees. These terms are defined in the tax code, and you may very well be employee, even though your employer pays you as a contractor and issues 1099. You may complain to the IRS if ... |
3107 | Should I refi a rental property to reduce income tax from positive cash flow and use the equity pulled out to fund an annuity? | [
"490888"
] | [
"\"You need to do a bit more research and as @littleadv often wisely advises, consult a professional, in this case a tax layer or CPA. You are not allowed to just pull money out of a property and write off the interest. From Deducting Mortgage Interest FAQs If you own rental property and borrow against it to buy a... |
3108 | What are FICA taxes for a sole proprietor in the United States | [
"252843"
] | [
"FICA taxes are separate from federal and state income taxes. As a sole proprietor you owe all of those. Additionally, there is a difference with FICA when you are employed vs. self employed. Typically FICA taxes are actually split between the employer and the employee, so you pay half, they pay half. But when yo... |
3109 | Is technical analysis based on some underlying factors in the market or do they work simply because other people use them? | [
"577498",
"120288",
"370290"
] | [
"Technical analysis is based more on psychology than anything else. As an example, if an analyst estimates or believes that a stock is undervalued, or simply wants to re-balance their portfolio, then they will buy some amount, moving the price up. Others in the market see the upwards move as the start of an upwards... |
3110 | Multiple accounts stagnant after quitting job. | [
"475748",
"105011",
"379639",
"114296"
] | [
"Adapted from an answer to a somewhat different question. Generally, 401k plans have larger annual expenses and provide for poorer investment choices than are available to you if you roll over your 401k investments into an IRA. So, unless you have specific reasons for wanting to continue to leave your money in the ... |
3111 | Tax and financial implications of sharing my apartment with my partner | [
"395011"
] | [
"\"I am not a lawyer nor a tax accountant, so if such chimes in here I'll gladly defer. But my understanding is: If you're romantically involved and living together you're considered a \"\"household\"\" and thus your finances are deemed shared for tax purposes. Any money your partner gives you toward paying the bi... |
3112 | What's a normal personal debt / equity ratio for a highly educated person? | [
"328995",
"413522",
"248962",
"340530"
] | [
"\"Average person's life I'm going to say there is no normal debt level. Here's the standard life pattern: So it really depends on your situation, it's way too spread out to quote a \"\"normal\"\" figure. Cost of debt vs Gain from assets and Risk of income You need to strike a sweet spot based on: Someone who is mo... |
3116 | A check I received was lost. My options? | [
"476582"
] | [
"Lost checks happen occasionally, and there are procedures in place (banking & business) to handle the situation. First and foremost you need to: Note: The money is legally yours, so the company is obligated to work with you here. If they refuse to cancel or reissue the check, at a minimum you'll want to contact ... |
3118 | How do I figure out the next step in deciding to sell my home to the market or to a uniquely interested buyer? | [
"336441",
"52351"
] | [
"You decide whether the improvements will result in a net higher price. You also need to figure on how long the house will be on the market and the cost of carrying the home, unoccupied. Some people would prefer the quickest sale. Others would wait to get the highest price. If you sell to a known buyer, you avoid... |
3121 | When transferring money between two parties, under what circumstances is it considered taxable income? | [
"411606"
] | [
"\"A loan is not a taxable income. Neither is a gift. Loans are repaid with interest. The interest is taxable income to the lender, and may or may not be deductible to the borrower, depending on how the loan proceeds were used. Gifts are taxable to the donor (the person giving the gift) under the gift tax, they're ... |
3122 | Are stock investments less favorable for the smaller investor? | [
"544857",
"546932"
] | [
"You have got it wrong. The profit or loss for smaller investor or big investor is same in percentage terms.",
"If you are looking at long-term investments then you can look to Dheer's answer and see that it doesn't matter whether the money is large or small, the return will be the same. When it comes to shorter... |
3123 | Are those “auto-pilot” programs a scam or waste of time? | [
"467894",
"257163"
] | [
"\"Genuine (nearly) passive income can be had from some kinds of investing. Index funds are an example of a mostly self-managing investment. Of course investment involves some risk (the income is essentially paying you for taking that risk) and returns are reasonable but proportional to the risk -- IE, not spectacu... |
3126 | What kind of company is USAA? | [
"334646"
] | [
"The United Services Automobile Association has a funny legal structure: it's not a corporation and has no shareholders. Policyholders and account holders are paid any profits. In that respect, it functions very much like a credit union; technically, it's structured as a Texas-based and Texas Department of Insuranc... |
3127 | How do I calculate two standard deviations away from the stock price? | [
"206350",
"483232"
] | [
"\"The formula for standard deviation is fairly simple in both the discrete and continuous cases. It's mostly safe to use the discrete case when working with adjusted closing prices. Once you've calculated the standard deviation for a given time period, the next task (in the simplest case) is to calculate the mean ... |
3128 | Can mutual fund prices have opening gaps? Might my order to be filled at a higher price? | [
"508764"
] | [
"Mutual funds don't work like stocks in that way. The price of a mutual fund is set at the end of each day and doesn't fluctuate during the day. So no matter when you put in your order, it will be filled at the end of the day at whatever the closing price is for that day. Here is some good information on that There... |
3129 | Primary Residence to Investment Property - Changing PMI Terms | [
"224542",
"335237"
] | [
"You could be in a bit of a bind. I wouldn't push it any more until you read your loan papers very carefully. Going back to the lender for a refinance after you converted it to a rental (presumably without their knowledge) is risky. I doubt they'd let you refinance anyway, as the house is underwater. If the loan ... |
3130 | When you're really young and have about 2K to start investing $ for retirement, why do some people advise you to go risky? | [
"336144",
"210917",
"501395"
] | [
"\"Why it is good to be risky The reason why it is good to be risky is because risky investments can result in higher returns on your money. The problem with being risky, is there is a chance you can lose money. However, in the long term you can usually benefit from higher returns even if you have a few slip ups. L... |
3131 | Mailed in One-time Payment by Check | [
"405848"
] | [
"I do know that a blank check has all the information they need for the electronic transfer. They probably add it as a customer service to streamline future payments. Though I don't think automatically adding it makes good business sense. It is possible that the form used to submit the check included a line to adde... |
3134 | Using financial news releases to trade stocks? | [
"184757",
"377444",
"126245"
] | [
"In the U.S., publicly traded companies are under the rules of Regulation Fair Disclosure, which says that a company must release information to all investors at the same time. The company website and social media both count as fair disclosure, because every investor has access to those outlets, but a press releas... |
3135 | how late can i put money into an IRA and still have it count for 2015? | [
"165759"
] | [
"The IRA contribution for the year are allowed until the tax day of that year. I.e.: you can contribute for 2015 until April 15th, 2016 (or whatever the first business day is after that, if the 15th is a holiday). You'll have to explicitly designate your contribution for 2015, since some of the IRA providers may au... |
3136 | Multiple people interested in an Apartment | [
"22562",
"472682",
"184070"
] | [
"\"I don't know how many people \"\"a ton\"\" is, but if you are getting more than, say, 6 people who are qualified to rent, you've priced it too low. Better to ask for $1200, and have a potential tenant haggle or ask you to reduce the price than to have 6 people want it for $900. It's worth it to run a credit rep... |
3137 | “Inflation actually causes people not to spend”… could it be true? | [
"430071",
"538895",
"577051"
] | [
"Inflation can go up for a number of reasons. Boom times can cause inflation, as everyone is making and spending a lot of money, so prices and inflation goes up. In times like these central banks usually increase interest rates to curb spending and thus bring down inflation. By raising interest rates the central ba... |
3138 | property owned 50/50 between my brother and me | [
"378384",
"338539"
] | [
"\"Not sure what you are talking about. The house isn't part of a business so neither of you can deduct half of normal maintenance and repairs. It is just the cost of having a house. The only time this would be untrue is if the thing that you are buying for the house is part of a special deduction or rebate for... |
3139 | Why does Bank of America sometimes refer to itself as Banc of America on some documents? | [
"497300"
] | [
"\"From https://secure.wikimedia.org/wikipedia/en/wiki/Banc: Banq (also Banc, banc-corp, bancorp, or bancorporation) is an intentionally erroneous spelling of the word bank, but pronounced the same way. It has been adopted by companies which are not banks but wish to appear as such, and satisfy legal restrictions o... |
3140 | What is the cost of “free” trades? | [
"174310"
] | [
"\"In the case of Wells Fargo, I believe that free trading is linked to your overall banking relationship with the firm. So if you have a checking account with a balance of $X, or a total relationship with the bank (\"\"relationship\"\" is usually defined as loan balances + deposit balances) over a certain amount,... |
3141 | Intrinsic value of non-voting shares which don't pay dividends | [
"488920",
"43653"
] | [
"Even with non-voting shares, you own a portion of the company including all of its assets and its future profits. If the company is sold, goes out of business and liquidates, etc., those with non-voting shares still stand collect their share of the funds generated. There's also the possibility, as one of the com... |
3142 | How to shop for mortgage rates ? | [
"23675",
"115111",
"324874"
] | [
"I asked my realtor, but she recommends to go with just one banker (her friend), and not to do any rate shopping. You need a new realtor. Anyone who would offer such advice is explicitly stating they are not advocating on your behalf. I'd do the rate shopping first. When you make an offer, once it's accepted, ti... |
3143 | Do you have to be mega-rich to invest in companies pre-IPO? | [
"464537",
"313899",
"46842"
] | [
"\"Short answer: No. Being connected is very helpful and there is no consequence by securities regulators against the investor by figuring out how to acquire pre-IPO stock. Long answer: Yes, you generally have to be an \"\"Accredited Investor\"\" which basically means you EARN over $200,000/yr yourself (or $300,000... |
3144 | Would it ever be a bad idea to convert a traditional IRA to a Roth IRA with the following assumptions? | [
"425308",
"526520",
"292281"
] | [
"Taking all your assumptions: With Roth, you take $6112 from work, (let's call you tax rate 10%) pay $612 in taxes, and contribute $5500 (the max if you are younger than 50). This $5500 will grow to $21,283 in 20 years at 7% annual growth ($5500*(1.07^20)), and you will pay no additional taxes on it. With the trad... |
3145 | Recommended education path for a future individual investor? | [
"554654",
"557820",
"2376"
] | [
"\"For a job doing that kind of stuff, what is PREFERRED is 4 year undergrad at ivy league school + 2 year MBA at ivy league school, and then several more years of experience, which you can sort of get by interning while in school this will of course saddle you with debt, which is counterintuitive to your plans bas... |
3146 | Investing in low cost index fund — does the timing matter? | [
"567608",
"92201",
"281168",
"571433"
] | [
"If you're worried about investing all at once, you can deploy your starting chunk of cash gradually by investing a bit of it each month, quarter, etc. (dollar-cost averaging). The financial merits and demerits of this have been debated, but it is unlikely to lose you a lot of money, and if it has the psychologica... |
3147 | Is it legal for a landlord to report a large payment to a tenant using Form 1099? | [
"42665",
"282681"
] | [
"I believe it's not only legal, but correct and required. A 1099 is how a business reports payments to others, and they're required by the IRS to send them for payments of $600 or more (for miscalleneous payments like this). The payment is an expense to the landlord and income to you, and the 1099 is how that's doc... |
3150 | Primerica: All it claims to be? | [
"180592",
"295906",
"147816"
] | [
"\"Primerica's primary value proposition is that switching from whole or universal life to term life, and investing the difference is a good idea for most people. However, there are a number of other important factors to consider when purchasing life insurance, and I would also be wary of anyone claiming that one p... |
3151 | Do retailers ever stock goods just to make other goods sell better? | [
"120981",
"576072",
"268083",
"249179"
] | [
"\"There's a concept in retail called a \"\"loss leader\"\", and essentially it means that a store will sell an item intentionally at a loss as a way of bringing in business in the hope that while consumers are in the store taking advantage of the discounted item, they'll make other purchases to make up for the los... |
3152 | Which dividend bearing stock should be chosen by price? | [
"536196",
"15785",
"62346",
"275297"
] | [
"Don't ever quantify a stock's preference/performance just based on the dividend it is paying out Volatility defined by movements in the the stock's price, affected by factors embedded in the stock e.g. the corporation, the business it is in, the economy, the management etc etc. Apple wasn't paying dividends but pe... |
3154 | What does ES1 refer to in this picture? | [
"484946",
"255777",
"366526"
] | [
"ES1 is the Bloomberg symbol for the CME E-mini S&P 500 front-month continuous contract. ES2, ES3, etc. will likewise yield the 2nd and 3rd months. Which exact futures contract this symbol refers to will change about once a month.",
"That looks like a Bloomberg terminal. And like @Jer said, it would appear to b... |
3156 | Can a credit card company raise my rates for making a large payment? | [
"478461",
"590384",
"326905"
] | [
"\"No. That's pretty unlikely. Card issuers typically base your rate on your credit score. Paying down debt reduces your percent of available credit used, and improves your score until you are in the 1-20% range. That's optimum. To this issuer, you are one of a million customers, there's no emotion in this, just nu... |
3157 | What tax advantage should I keep an eye for if I am going to relocate? | [
"15844",
"182217"
] | [
"\"Look for states that have no income tax. A lot of these states supplement their revenue with higher property taxes, but if you rent and do not own property in the state, then you will have no state tax liability. Similarly, many states treat capital gains no differently than income tax, so if you make your earni... |
3158 | What determines a tax resident in Florida | [
"334379",
"187049"
] | [
"Plenty of retired people do stay in the US for longer than 60 days and don't pay taxes. In this IRS document 60 days stay appears to be the test for having a 'substantial presence' in the US, which is part of the test for determining residency. However the following is also written: Even if you meet the substantia... |
3159 | At what point does it become worth it to file an insurance claim? | [
"114435",
"477468",
"466976"
] | [
"An article linked from cnn.com has some great advice, which I think are good rules of thumb. Also, at least my insurance gives a premium price for those who haven't filed a claim in 5 or more years for homeowners or rental insurance. See if you have a similar discount, will loose it, and guess how much that will c... |
3164 | Do US banks exchange info with countries abroad? | [
"521249"
] | [
"Banks do not report transactions within accounts except as required by law, usually as part of anti-money-laundering efforts. Generally those involve tracking large cash transactions. As far as large payments go, there are two reasons they might be reported to the government: taxes, and criminal investigations. Fo... |
3165 | I want to invest in Gold. Where do I go and buy it? | [
"212157",
"327271",
"575933"
] | [
"Without getting into whether you should invest in Gold or Not ... 1.Where do I go and make this purchase. I would like to get the best possible price. If you are talking about Physical Gold then Banks, Leading Jewelry store in your city. Other options are buying Gold Mutual Fund or ETF from leading fund houses. 2.... |
3166 | Why are credit cards preferred in the US? | [
"30090",
"481648",
"467581",
"257916",
"85466",
"486245",
"263965",
"5191"
] | [
"There are several reasons why credit cards are popular in the US: On the other hand, debit cards do not have any of these going for them. A debit card doesn't make much money for the bank unless you overdraw or something, so banks don't have incentive to push you to use them as much. As a result they don't offer... |
3167 | Does it make sense to take out student loans to start an IRA? | [
"595309",
"422373",
"213833",
"187155"
] | [
"Depending on the student loan, this may be improper usage of the funds. I know the federal loans I received years ago were to be used for education related expenses only. I would imagine most, if not all, student loans would have the same restrictions. Bonus Answer: You must have earned income to contribute to a... |
3168 | Are index trackers subject to insolvency risk? | [
"51615"
] | [
"The Financial Services Compensation Scheme says: Investments FSCS provides protection if an authorised investment firm is unable to pay claims against it. For example: for loss arising from bad investment advice, poor investment management or misrepresentation; when an authorised investment firm goes out of busi... |
3169 | Confused about employee stock options: How do I afford these? | [
"248393",
"558233",
"325407",
"178497",
"362874"
] | [
"ISOs (incentive stock options) can be closed out in a cashless transaction. Say the first round vests, 25,000 shares. The stock is worth $7 but your option is to buy at $5 as you say. The broker executes and sells, you get $50,000, with no up front money. Edit based on comment below - you know they vest over 4 ye... |
3170 | When's 0% financing the least costly (best) option? | [
"488258"
] | [
"A Lease is an entirely different way of getting a car. In two situations it makes sense, in all other scenarios it generally doesn't make sense to lease. In the case of always wanting a new car every 2 or 3 years it can make sense to lease. Of course if you drive more the allowed miles you will pay extra at the en... |
3173 | How can I find a checking account that allows for automated transfers of dynamic amounts? | [
"191766"
] | [
"Almost any financial institution has the technical ability to do this (simply called sweeps, auto sweeps, or deposit sweeps); the issue you face is finding an institution that is willing to do it for you. I think you will have the most luck at your primary financial institution where you currently keep the majori... |
3174 | How do third-party banks issue car loans? | [
"175522",
"348550"
] | [
"I have gotten a letter of credit from my credit union stating the maximum amount I can finance. Of course I don't show the dealer the letter until after we have finalized the deal. I Then return in 3 business days with a cashiers check for the purchase price. In one case since the letter was for an amount greate... |
3175 | Ordering From UK to Base Overseas - VAT exempt? | [
"125309"
] | [
"If you are an UK citizen and resident, then no. If you are an EU resident or non-EU resident then yes, but there are conditions. Source You can sometimes get VAT refunds on goods bought in the UK if you: You can’t get a VAT refund for: As bringing a laptop PCSpecialist is an online sale(I bought my desktop from th... |
3178 | Bait-and-switch on new car lease | [
"447222",
"504432"
] | [
"Within some limitations, the dealer is allowed to approve or deny lending to anyone that it chooses. Those constraints are the basics that you'd expect for any regulation in the US: Race Religion Nationality Sex Marital Status Age Source of income You can read more about them in this leaflet from the FDIC's Fai... |
3181 | Why do cash back credit cards give a higher rate for dining and gasoline purchases? | [
"245827",
"571690",
"101519"
] | [
"These two categories ensure you will carry the card in your wallet (since they only work for physical locations), but don't tend to have excessive spending (most people maxing out at $200 or so per month, so $2 for the bonus). You then use the same card for other purchases, because you have it on you, where you o... |
3182 | Does Edmunds get a kick-back from the use of Edmunds Price Promise? | [
"521769"
] | [
"Yes, Edmunds gets money from the dealerships in this program. According to this USA Today article from 2013, dealers pay Edmunds a monthly fee to participate in the program. This contrasts with TrueCar.com, a similar service, where dealers pay a fee for each sale. And yes, it is certainly possible to negotiate a ... |
3183 | Is it better to buy this used car from Craigslist or from a dealership? | [
"519173",
"205766",
"468984",
"389718"
] | [
"\"I do not think you are missing much. One thing you have right is low cost cars depreciate almost nothing. One thing you are missing is your satisfaction index. Driving a 200K car for 4 years requires a bit of motivation when your friends are driving new cars. Typically you need a larger goal to keep you focu... |
3185 | Escrow Removal Fee? | [
"305226",
"444390"
] | [
"\"Assume they do not overwithhold. You pay in $500/mo, and every time it hits $3000, they pay the tax. Engineers call this a sawtooth function, it looks like this. The average balance is not $3000, but close to $1500. The very simple math is $1500 * rate * years. It looks like your equation except it's not 58, i... |
3188 | Why is Net Asset Value (NAV) only reported by funds, but not stocks? | [
"574696",
"106665"
] | [
"The (assets - liabilities)/#shares of a company is its book value, and that number is included in their reports. It's easy for a fund to release the net asset value on a daily basis because all of its assets (stocks, bonds, and cash) are given values every day by the market. It's also necessary to have a real ti... |
3190 | Are AAA private-sector corporate bonds safer than government bonds? | [
"593761",
"590233"
] | [
"\"If you are afraid of your government defaulting, then you also have reason to fear that your country's so-called \"\"AAA\"\" corporate bonds might not be a safe investment. When governments default, they often do things like: In these scenarios, it is not predictable whether government bonds will suffer more or... |
3191 | Does the profit of a company directly affect its stock or indirectly by causing people to buy or sell? | [
"311153",
"236611",
"514375"
] | [
"The short answer to your question is yes. Company performance affects stock price only through investors' views. But note that selling for higher and lower prices when the company is doing well or poorly is not an arbitrary choice. A stock is a claim on the future cash flows of the firm, which ultimately come fr... |
3192 | How can I avoid international wire fees or currency transfer fees? | [
"310748",
"333023",
"204677",
"486681",
"355344",
"140016",
"408723",
"554700",
"194730",
"579007"
] | [
"Be aware that ATM withdrawals often generate hidden fees, which are not obviously declared. Many banks operate e.g. with a currency exchange fee, giving you an exchange rate some 1-2% lower than actually applicable. If you withdraw larger amounts, such a currency exchange fee easily adds up to what you would have ... |
3193 | Do I not have a credit score? | [
"488609",
"334810",
"85214"
] | [
"Generally, if you have a loan, you have a credit score. But since you have never had a loan before, then it is likely that you do not have a credit score. You should not be worried if you aren't planning on applying for credit and/or loans. If you are wanting to purchase a house, car, or even just having a credit ... |
3194 | US sanctions against foreign citizens | [
"102682",
"162940"
] | [
"\"Are most big US based financial institutions and banks in such a close relationship with USCIS (United States Citizenship And Immigration Services) so they can easily request the information about market traders? Yes. They must be in order to enforce the laws required by the sanctions. What online broker would y... |
3195 | How to refuse a Clearxchange payment? | [
"122986"
] | [
"\"Your bank uses ClearXchange, not you. It is not a website where you open an account, like many others, but an inter-bank transfer system based on email addresses, kind of like free wire transfers between everyone. You don't have to set anything up, just accept the payment, and the money appears in your account (... |
3197 | Is it correct to call an exchange-traded note a type of ETF? | [
"204202"
] | [
"They're exchange traded debt, basically, not funds. E.g. from the NYSE: An exchange-traded note (ETN) is a senior unsecured debt obligation designed to track the total return of an underlying market index or other benchmark, minus investor fees. Whereas an ETF, in some way or another, is an equity product - which ... |
3198 | Why are banks providing credit scores for free? | [
"564436",
"187633",
"597135",
"301480",
"245250"
] | [
"I think the biggest reason is price; it's a lot cheaper now than it was to offer these. That's because for the most part, when you get a credit score for free, you're not getting a true FICO score. You're getting instead a VantageScore. VantageScore was created by the three credit bureaus, and as such they can o... |
3199 | Should I keep most of my banking, credit, and investment accounts at the same bank? | [
"270866",
"479918",
"349660",
"528840"
] | [
"http://www.fdic.gov/deposit/deposits/index.html FDIC currently insures up to $250,000. (I would have put that as a comment to Jeffery but it says it was locked.) You don't want to put all your eggs in one basket. If you shop around, and keep shopping all the time you can keep your accounts in a single place so ... |
32 | Why is “cheque cashing” a legitimate business? | [
"279480",
"69623",
"84645"
] | [
"\"This answer is based on my understanding of the US banking system. We have check cashing businesses here too, which are just like what you describe, except for the spelling :-) Let's consider what \"\"cash it for free at the bank\"\" really means, and why it might not be an option for everyone. One key issue i... |
3202 | Insurance broker - Online vs. physical location? | [
"447576"
] | [
"\"Traditional insurance agent guy here. There is no right answer in my opinion because your individual needs cannot be generalized. There are a variety of factors that influence the price charged to you including but not limited to your past claims history, geographic location, credit profile, and the carrier... |
3203 | Are these scenarios considered as taxable income? | [
"154774",
"262960"
] | [
"For case 1, there is no tax due as you sold the book for less than your cost basis. If you had sold for more than $100, then you would have had a profit. For case 2, that depends on the value of the gift card with respect to the value of your fare. Most likely that gift card is less than the cost of the fare. And ... |
3204 | What home improvements are tax deductible? | [
"77304",
"539570",
"205217",
"465732"
] | [
"In general, for a home you live in, there's maintenance, which is just that, you pay to keep your house in good repair. There's also real improvements. I spend $xxx to turn my poured cement basement into living space. Here, I keep my receipts and the cost (although not my labor) is added to the basis of my home w... |
3205 | Receive money from US Client to Myself in India by selling services | [
"144190",
"38424"
] | [
"You can receive funds from US Client as an individual. There is no legal requirement for you to have a company. If the transactions are large say more than 20 lacs in a year, its advisable to open a Private Ltd. Although its simple opening & Registering a company [A CA or a Laywer would get one at a nominal price ... |
3206 | Can a merchant charge you more in the US if you want to use a credit card? | [
"420622",
"535015"
] | [
"\"This isn't so much a legal issue, the prohibition on giving discounts was written into the merchant agreements that most of the major credit card companies enforced on businesses that accepted their credit cards. That is, until the recent Financial Reform Bill (2010) passed Congress. It changes everything. (The ... |
3207 | How do you invest in real estate without using money? | [
"300107",
"256476",
"95869",
"26837",
"218139",
"279693",
"5744"
] | [
"I know this is broad, but this isn't a scam -- it's a workshop/educational thing about teaching people of investing in the real estate market, and how to profit The scam is that the free or cheap class doesn't give you enough info to make money; so they sell you a more advanced and expensive class that gets yo... |
3209 | How can I claim tax back from whilst I was working in Austria? | [
"405283"
] | [
"I don't have any specific situation on the situation in Austria, but in general there are a few things that you should keep in mind. First of all, the official website of the Austrian tax authorities appears to be this one: https://www.bmf.gv.at/steuern/startseite-steuern.html. There is an English page there, but ... |
3210 | Is a company allowed to give employees an option for a bonus to be paid out as a 401k match or cash? | [
"99233",
"15841"
] | [
"\"This has to do with the type of plan offered: is it a 401(k) plan or a profit-sharing plan, or both? If it's 401(k) I believe the IRS will see this distribution as elective and count towards the employee's annual elective contribution limit. If it's profit sharing the distribution would be counted toward the emp... |
3211 | What data does a seller receive when I pay by credit card? | [
"48404"
] | [
"It depends on the seller. If the seller wants, they can collect the information from you and send it to the payment gateway. In that case, they of course have everything that you provide at some point. They are not supposed to keep the security code, and there are rules about keeping the credit card number safe... |
3214 | Where can I find filings of HUD-1 statements? | [
"425726",
"368336"
] | [
"\"Three companies may have copies of it: the bank, the Title Company (aka settlement company), and perhaps the real estate agent. The bank (assuming you had a mortgage) is usually the easiest one to contact, as you're probably still making payments to them. They may have sent you the form in a large packet when yo... |
3215 | How can you possibly lose on investments in stocks? | [
"306201",
"420118",
"212110",
"184800",
"433730",
"289801",
"440882"
] | [
"In your own example of VW, it dropped from its peak price of $253 to $92. If you had invested $10,000 in VW in April 2015, by September of that year it would have gone down to $3,600. If you held on to your investment, you would now be getting back to $6,700 on that original $10,000 investment. Your own example de... |
3216 | What is a maximum amount that I can wire transfer out of US? | [
"385344",
"374642",
"284539"
] | [
"Chase has a limit of $500,000 per day. A banker should be able to help you determine any immediate tax liabilities that will arise as a direct result of the transaction. You may wish to consult with a tax professional about any indirect implications the transfer may have. This transaction will be reported to t... |
3218 | How does remittance work? How does it differ from direct money transfer? | [
"187734",
"563812"
] | [
"\"The Option 2 in your answer is how most of the money is moved cross border. It is called International Transfer, most of it carried out using the SWIFT network. This is expensive, at a minimum it costs in the range of USD 30 to USD 50. This becomes a expensive mechanism to transfer small sums of money that indiv... |
3222 | How do taxes work with donations made to an individual, e.g. for free software I wrote? | [
"350315"
] | [
"Do I report it as income? Is it subject to just the same amount of taxes (~30%) as regular income? Are there any restrictions on how it can be used? It is income. You can deduct the costs of maintaining the web page and producing the software from it (have an accountant do that for you, there are strict rules ... |
3224 | Why is company provided health insurance tax free, but individual health insurance is not? | [
"187085",
"579063",
"474816",
"253492",
"507408"
] | [
"During World War II, the United States (US) instituted wage and price controls. To attract better employees, companies would offer benefits to get around salary limits. Health insurance was one of the more successful benefits. At that time, income taxes were newer and there were many ways to evade them. Compa... |
3225 | Should you co-sign a personal loan for a friend/family member? Why/why not? | [
"358768",
"138419",
"288701",
"18257",
"518681"
] | [
"\"My thoughts on loaning money to friends or family are outlined pretty extensively here, but cosigning on a loan is a different matter. It is almost never a good idea to do this (I say \"\"almost\"\" only because I dislike absolutes). Here are the reasons why: Now, all that said, if my sister or parents were dy... |
3227 | What can I replace Microsoft Money with, now that MS has abandoned it? | [
"457667",
"402174",
"7774",
"284526",
"400859",
"268035",
"591130",
"473644",
"76782",
"71986",
"447597",
"492735",
"144894",
"261378",
"309853",
"259463",
"590375"
] | [
"I've been budgeting with MS Money since 2004 and was pretty disappointed to hear it's being discontinued. Budgeting is actually a stress-relieving hobby for me, and I can be a bit of a control-freak when it comes to finances, so I decided to start early looking for a replacement rather than waiting until MS Money ... |
3228 | Idea for getting rich using computers to track stocks | [
"503062",
"275171",
"485972"
] | [
"The main reason I'm aware of that very few individuals do this sort of trading is that you're not taking into account the transaction costs, which can and will be considerable for a small-time investor. Say your transaction costs you $12, that means in order to come out ahead you'll have to have a fairly large pos... |
3231 | Why do only motor insurers employ “No Claims Discounts”? | [
"581755",
"356129"
] | [
"\"Some people are better drivers than others. A collision can happen to anybody, even good drivers. The collision might not be your fault at all; it might be entirely the fault of the other party. However, the best drivers do a better job of avoiding collisions in situations where the other drivers on the road ar... |
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