question_id stringlengths 1 5 | question stringlengths 14 158 | pos_item_ids listlengths 1 23 | pos_item_contents listlengths 1 23 |
|---|---|---|---|
3232 | Renting from self during out of area remodel project - deductible? | [
"140653"
] | [
"There are certain situations where you could legally pay yourself rent, but it'd be in the context of multiple business entities interacting, never in the context of an individual renting their own property. Even if you could, any rent paid to yourself would count as rental income, so there'd be no benefit. Edit:... |
3233 | Why do governments borrow money instead of printing it? | [
"151971",
"222693",
"321807",
"392806",
"474318",
"513642",
"329270",
"384662",
"526114",
"458427"
] | [
"\"Governments borrowing money doesn't create new money. When banks \"\"borrow\"\" money (i.e. take deposits), it does effectively create money because the depositor expects to be able to get the money back at any time, but the bank assumes that most won't actually do this and lends out most of the money to other p... |
3234 | Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? | [
"503723",
"497599",
"321490",
"385736",
"116694",
"191508",
"526169",
"91926",
"366869",
"158845",
"545902",
"26165",
"549028"
] | [
"When you pay off a loan early, you pay the remaining principal, and you save all of the remaining interest. So you do save on interest, but it's the interest you would have paid in the future, not the interest you have paid in the past. (Your remaining balance when you pay off the loan only includes the principal,... |
3235 | Why do card processing companies discourage “cash advance” activities | [
"518710",
"375153",
"308889",
"218360"
] | [
"\"This is most likely protecting Square's relationship with Visa/Mastercard/AMEX/etc. Credit card companies typically charge their customers a much higher interest rate with no grace period on cash advances (withdrawals made from an ATM using a credit card). If you use Square to generate something that looks like ... |
3237 | What is the difference between a check and a paycheck? | [
"282103",
"312819"
] | [
"\"A paycheck is simply a check for your salary. It's just like a rent check, or a birthday check, or a grocery check... I've had \"\"paychecks\"\" that were personal checks from the owner of the business, I've had ones that are printed in the office I worked in and signed right there, and I've had paychecks that... |
3238 | What's the process to buy an old house to tear it down and create a new one? | [
"449777",
"73668"
] | [
"By process, I assume you mean the financial process. Financially, this doesn't look any different to me than buying an empty lot to build a rental unit, with the added expense (potentially significant) of doing the tear-down. Given your lack of experience and capital, I would be very hesitant to jump in like this.... |
3240 | How to take advantage of home appreciation | [
"46266",
"248578",
"81388",
"139113"
] | [
"\"Assuming \"\"take advantage\"\" means continue to build wealth, as opposed to blow it all on a fancy holiday... Downgrade As you already note, you could downgrade/downsize. This could happen via moving to a smaller house in the same area, or moving to an area where the cost of buying is less. HELOC Take out a ... |
3241 | Got charged ridiculous amount for doctor's walk in visit. What are my options? | [
"432393",
"238947",
"457189",
"149252",
"523040"
] | [
"You should start by calling the clinic and asking them to tell you how the visit was coded. Some clinics have different billing codes based on the complexity of the visit. If you have one thing you are seeing the doctor about, that could be coded differently than if you have 4 things you are seeing the doctor abou... |
3242 | Are parking spaces and garage boxes a good investment? | [
"235628",
"35002",
"105144",
"439349"
] | [
"If the company that owns the lot is selling them it is doing so because it feels it will make more money doing so. You need to read carefully what it is you are getting and what the guarantees are from the owner of the property and the parking structure. I have heard from friends in Chicago that said there are p... |
3243 | Why would a public company not initiate secondary stock offerings more often? | [
"575554",
"357706"
] | [
"Selling stock means selling a portion of ownership in your company. Any time you issue stock, you give up some control, unless you're issuing non-voting stock, and even non-voting stock owns a portion of the company. Thus, issuing (voting) shares means either the current shareholders reduce their proportion of ow... |
3244 | How To Assign Payments Received Properly In GnuCash? | [
"147379"
] | [
"\"When I receive a check from a customer whom I previously sent an invoice, I go to the customer report for that customer, click on the link \"\"Invoice\"\" for that invoice, then click on the Pay Invoice button (very far right side). I then do a customer report and see that there is no balance (meaning all the in... |
3246 | Will my Indian debit card work in the U.S.? | [
"213370",
"97035",
"78086",
"345662"
] | [
"Debit cards with the Visa or Mastercard symbol on them work technically everywhere where credit cards work. There are some limitations where the respective business does not accept them, for example car rentals want a credit card for potential extra charges; but most of the time, for day-to-day shopping and dining... |
3247 | How to read a balance sheet to determine if a company has enough money to keep paying their employees? | [
"301998"
] | [
"\"I heard today while listening to an accounting podcast that a balance sheet... can be used to determine if a company has enough money to pay its employees. The \"\"money\"\" that you're looking at is specifically cash on the balance sheet. The cash flows document mentioned is just a more-finance-related documen... |
3249 | What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)? | [
"547033",
"510575",
"310992"
] | [
"\"The obvious advantage is turning your biggest liability into an income-generating asset. The downside are: (1), you have to find tenants (postings, time to show the place, credit/background check, and etc) (2), you have to deal with tenants (collection of rent, repairs of things that broke by itself, complaints ... |
3250 | How do I enter Canadian tax info from US form 1042-S and record captial gains from cashing in stock options? | [
"259602",
"427442",
"557647"
] | [
"I can't give you a specific answer because I'm not a tax accountant, so you should seek advice from a tax professional with experience relevant to your situation. This could be a complicated situation. That being said, one place you could start is the Canada Revenue Agency's statement on investment income, which c... |
3251 | What does Capital Surplus mean? | [
"427859",
"400738"
] | [
"\"I think it's easiest to illustrate it with an example... if you've already read any of the definitions out there, then you know what it means, but just don't understand what it means. So, we have an ice cream shop. We started it as partners, and now you and I each own 50% of the company. It's doing so well that... |
3252 | Why would a tender offer be less than the market price? | [
"475111",
"353546"
] | [
"\"Rational shareholders wouldn't accept such an offer. The company making the offer is simply trying to get a deal with questionable — though not illegal — tactics. Your answer is actually in the link you provided. Quoting from the fourth paragraph [emphasis is mine]: The SEC has cautioned investors about mini-t... |
3253 | How do you get out of a Mutual Fund in your 401(k)? | [
"530703",
"332152",
"194776"
] | [
"One of the strengths of 401K accounts is that you can move from investment X in the program to investment Y in the program without tax consequences. As you move through your lifetime you will tend to want to lower risk by investing in funds that are less aggressive. The only way this works is if there is an abilit... |
3255 | Ask for credit decrease | [
"303225",
"433933",
"99450"
] | [
"\"Aside from an annual fee, if any, the card issuer makes money 2 ways, the transaction fee, about 1.5%-2% charged to the merchant, and interest from you if you leave a balance month to month. Obviously, the bank has some cost in processing statements and maintaining your account. If up front you are saying you wi... |
3256 | Do Fundamentals Matter Anymore in Stock Markets? | [
"385949",
"226839",
"434337"
] | [
"All you have to do is ask Warren Buffet that question and you'll have your answer! (grin) He is the very definition of someone who relies on the fundamentals as a major part of his investment decisions. Investors who rely on analysis of fundamentals tend to be more long-term strategic planners than most other inv... |
3257 | Investing $50k + Real Estate | [
"574654",
"478213",
"356552",
"74822"
] | [
"I would say that, for the most part, money should not be invested in the stock market or real estate. Mostly this money should be kept in savings: I feel like your emergency fund is light. You do not indicate what your expenses are per month, but unless you can live off of 1K/month, that is pretty low. I would ... |
3258 | UK - How to receive payments in euros | [
"96791",
"469776"
] | [
"\"See my comment below about the official exchange rate. There is no \"\"official\"\" exchange rate to apply as far as I'm aware. However the bank is already applying the same exchange rate you can find in the forex markets. They are simply applying a spread (meaning they will add some amount to the exchange... |
3261 | Online Foreign Exchange Brokerages: Which ones are good & reputable for smaller trades? | [
"4168",
"368850",
"473180",
"31978",
"69419",
"114908"
] | [
"\"For \"\"smaller trades\"\", I'm not sure you can beat FXCM.com, a large, dedicated FX trading shop with extremely tight spreads, and a \"\"Micro\"\" account that you can open for as little as $25(US). Their \"\"main\"\" offering has a minimum account size of $2k (US), but recommends an account size of $10k or m... |
3262 | In what category would I put a loan I took to pay an expense | [
"385506"
] | [
"A loan is most generally a liability, a part of the balance sheet. Expenses & income are part of the income statement. Income is the net of revenues after expenses. The interest is an expense on the income statement, but the loan itself does not reside there unless if it is defaulted and forgiven. Then it would... |
3265 | In debts now, help please | [
"115636"
] | [
""
] |
3270 | Real estate loans for repairs | [
"365342"
] | [
"If you intend to flip this property, you might consider either a construction loan or private money. A construction loan allows you to borrow from a bank against the value of the finished house a little at a time. As each stage of the construction/repairs are completed, the bank releases more funds to you. Interes... |
3272 | How do I figure out if I will owe taxes | [
"406723",
"525053",
"60803",
"580747",
"395726"
] | [
"Do I get a write off for paying student loans? Maybe. See https://www.irs.gov/publications/p970/ch04.html Generally, personal interest you pay, other than certain mortgage interest, isn't deductible on your tax return. However, if your modified adjusted gross income (MAGI) is less than $80,000 ($160,000 if filing... |
3274 | What are some factors I should consider when choosing between a CPA and tax software | [
"141511",
"432619",
"450147"
] | [
"Largely it comes down to the complexity of your return (likely relatively simple if it's your first time filing) and your comfort level with using software. More complex returns would include filing business claims, handling stocks and investments, special return forms, etc. One benefit to most of the software op... |
3275 | How to process IRS check as a non-resident? | [
"251700"
] | [
"I suspect @SpehroPefhany is correct and that your bank will cash a check from the US Department of the Treasury. Especially since they're the same ones who guarantee the U.S. Dollar. They may hold the funds until the check clears, but I think you'll have good luck going through your bank. Of course, fees and ex... |
3278 | Payroll reimbursments | [
"233423",
"599684",
"21910",
"42999"
] | [
"Not correct. First - when you say they don't tax the reimbursement, they are classifying it in a way that makes it taxable to you (just not withholding tax at that time). In effect, they are under-withholding, if these reimbursement are high enough, you'll have not just a tax bill, but penalties for not paying en... |
3279 | Are Credit Cards a service to banks? | [
"2018",
"121063"
] | [
"\"As i see it, with a debit card, they are taken kinda out of the game. They are not lending money, it seems really bad for them. Not exactly. It is true that they're not lending money, but they charge a hefty commission from the retailers for each swipe which is pure profit with almost no risk. One of the p... |
3280 | For net worth, should I value physical property at my cost to replace it, or the amount I could get for selling it? | [
"231133",
"290352",
"173132",
"23279",
"293282"
] | [
"You are not asking for insurance purposes. So I'll go with this - I have two asset numbers I track. All investments, retirement accounts, etc, the kind that are valued at day's end by the market, etc. From that number I subtract the mortgage. This produces the number that I can say is my net worth with a paid in f... |
3281 | Why are people from UAE and Dubai so rich? | [
"471490"
] | [
"They aren't all rich on average. And oil and gas is actually now only about 25% of the economy in the UAE (incredibly!). There are good reasons why it felt that way, though: The UAE and a number of other oil-rich nations all realize that they need to diversify away from oil revenues. International investment and t... |
3282 | When should I open a “Line of credit” at my bank? | [
"524801",
"67728",
"254236",
"10755",
"9970"
] | [
"With the information you have given, I would say never. Remember the banker is a salesman, and the line of credit is the product. If you don't need to borrow the money for something specific, then you don't need the line of credit in the first place. Even if you did need something I would tell you to save up and p... |
3286 | Company wants to sell all of its assets, worth more than share price? | [
"153212",
"510753"
] | [
"Why is the stock trading at only $5 per share? The share price is the perceived value of the company by people buying and selling the stock. Not the actual value of the company and all its assets. Generally if the company is not doing well, there is a perceived risk that it will burn out the money fast. There is a... |
3287 | Why do I not see goods and services all change their price when inflation is high? | [
"78332",
"291165",
"14926"
] | [
"In most circumstances prices do not change on a daily basis on most goods and services, and just because inflation is high does not mean all prices of every good and service has to increase over the short term. Prices are determined by costs of doing business, manufacturing costs and wage growth, and by competiti... |
3289 | Hiring freelancers and taxes | [
"407378",
"93638"
] | [
"I am not a lawyer or a tax accountant, but from the description provided it sounds to me like you have created two partnerships: one in which you share 50% of Bob's revenue, and another in which you share 50% of the revenue from the first partnership. If this is the case, then each partnership would need to file f... |
3290 | Should the price of fuel in Australia at this point be so high? | [
"324037",
"117378",
"223033"
] | [
"First price isn't artificially maintained at a level. When a refining company signs a contract to buy crude from a supplier, it promises to buy at a certain price with options for increase and decrease due to the fluctuating prices in the market. And it buys crude to build up a certain buffer to supply itself for ... |
3292 | Are my purchases of stock, mutual funds, ETF's, and commodities investing, or speculation? | [
"395409",
"206556",
"326288"
] | [
"This depends on what your definition of the word is is. Strictly speaking, you are only investing in a company when you buy stock from them somehow. This is usually done during an IPO or a secondary offering. Or, if you are someone like Warren Buffet or an institutional investor, you strike a deal with the compa... |
3295 | Why do grocery stores in the U.S. offer cash back so eagerly? | [
"394658",
"37398",
"209115",
"40003",
"485304",
"269758"
] | [
"The only card I've seen offer this on credit card purchases is Discover. I think they have a special deal with the stores so that the cash-over amount is not included in the percentage-fee the merchant pays. (The cash part shows up broken-out from the purchase amount on the statement--if this was purely somethin... |
3297 | Transferring money between two banks | [
"127559",
"271507"
] | [
"\"Why? Because they can get away with it, of course. In short - why not? You may want to read the answers to this similar question (my answer is the one accepted by the OP). Who has the money? The banks, who else. I have found that some banks are capable of sending/receiving ACH transfers faster than others. I hav... |
3298 | How do I research if my student loan company is doing something illegal? | [
"207483"
] | [
"\"The thing to recall here is that auto-pay is a convenience, not a guarantee. Auto-pay withdrawals, notices that a bill is due, all of these are niceties that the lender uses to try to make sure you consistently pay your bill on time, as all businesses enjoy steady cash flows. Now, what all of these \"\"quality o... |
3299 | I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment? | [
"114981",
"199020",
"393842",
"420046",
"150544",
"138096",
"272091",
"491567",
"52226",
"599217",
"71292",
"502164",
"62706",
"353224",
"355390",
"41852",
"390817",
"302808"
] | [
"\"Is there anyway to salvage my investment for short-term? No. If by \"\"salvage\"\" you mean \"\"get back as much as you paid\"\", the only way to salvage it is to wait as long as you consider \"\"short-term\"\" and see if goes up again. If by \"\"salvage\"\" you mean \"\"get some money back\"\", the only thing... |
33 | Is business the only way to become a millionaire? | [
"519798",
"425387"
] | [
"\"Not at all. The Millionaire Next Door offers a book full of anecdotes on couples that earned money and saved their way to being millionaires. I believe about 1/3 or so had businesses, but the rest were employed and simply saved wisely. $3860/yr saved for 40 years at 8% will return $1M. Adjust the numbers to hit... |
3301 | Is the Swiss stock market inversely correlated with the Swiss Franc like Japan today? | [
"311445"
] | [
"\"Roughly about 1 of 2 Swiss francs is won abroad. So, yes it is easier for Swiss companies to export when the Swiss franc is not \"\"too high\"\" as it has been those last years. The main export market for Switzerland is the UE. Some companies are doing most or all of their business on the Swiss market. Others ar... |
3302 | How does high frequency trading work if money isn't available for 2-3 days after selling? | [
"235029",
"392403",
"525337",
"182930"
] | [
"Margin accounts do not have the problem you are imagining, which is unique to cash accounts",
"High frequency trades are intra day. The would buy a stock for 100 and sell for 100.10 multiple times. So If you start with 100 in your broker account, you buy something [it takes 2-3 days to settle], you sell for 100.... |
3303 | Mortgage refinancing fees | [
"457081",
"453596",
"188845"
] | [
"tl;dr: I think you can find a much better deal. Doing a strait refi will cost you some amount of money. However, a 2.5% fee ont top of closing costs seems really high. You can get a quote from Quicken loans pretty quick and compare their fee. Also I would check with a local bank, preferably one you already do b... |
3307 | Are BIC and SWIFT code the same things? | [
"446807",
"484129"
] | [
"IBAN -> is International Bank Account Number. The number is constructed in such a way that it uniquely identifies your account in the world. I.e. it has a country in it, Bank (and branch) and the actual account number. This is an international standard adopted by the EU, Australia and NZ. Going forward it would be... |
3309 | Do I need another health insurance policy? | [
"239734",
"290056",
"54400"
] | [
"Most of the points by MrChrister are valid. I can't say much for Philippines, however there is a reason for one to go with individual insurance from my experience in India.",
"While I can't say how it is in the Philippines, my wife the insurance broker leads me to believe that individual insurance is more expens... |
3313 | How do you choose which mortgage structure is appropriate when buying a home? | [
"78518",
"412624",
"284081"
] | [
"There are several factors that you need to consider: If you have already decided on the house. Did you prequalify for the mortgage loan - If so, did you lock in the rate. If you have not already done than your research is still valid. Consider two calculators first - Affordability + Mortgage calculator Advice : ... |
3314 | Buying my first car out of college | [
"279795",
"349156",
"144433",
"190699",
"157219",
"54240",
"126502",
"586488",
"507875",
"244986",
"269301",
"393337",
"256857",
"406377"
] | [
"You're looking at a used car, which is good, but I think you can still be much wiser with the type of car you're looking to purchase. Maybe I'm such a fuddy-duddy because I didn't own a car until I was 25, but let's break this down with a small comparison: If you drive 1,000 miles per month with gas at $4/gallon -... |
3315 | what if a former employer contributes to my 401k in the year following my exit? | [
"114814",
"462956",
"248536"
] | [
"The vast majority of individual taxpayers in the United States operate on a cash basis of accounting. This means that the assignment of deductions or income to tax year is based on the date of the paycheck. So the money in that early January 2016 paycheck has been correctly assigned to the 2016 tax year. This is ... |
3316 | found a 1994 uncashed profit sharing retirement plan check | [
"176017"
] | [
"\"Checks (in the US, anyway) are only good for six months after they have been written. After that. under the US Uniform Commerical Code they are considered \"\"stale checks\"\" and banks need not accept them. My experience is that they generally won't -- but you probably shouldn't count on that, either when figur... |
3317 | Is there a Canadian credit card which shows holds? | [
"448086",
"208169",
"597933"
] | [
"\"PC MasterCard recently added this as a new feature to their online system. It lets you see \"\"Pending Authorizations\"\" for your card when you log in. Their email said: Along with your purchases, you'll see a list of every transaction that's been approved, but not yet applied to your balance. You'll be able to... |
3318 | How does a brokerage firm work? | [
"593445",
"340947",
"210219"
] | [
"\"Brokerages offer you the convenience of buying and selling financial products. They are usually not exchanges themselves, but they can be. Typically there is an exchange and the broker sends orders to that exchange. The main benefit that brokers offer is a simpler commission structure. Not all brokers have their... |
3319 | Should we park our money in our escrow account? | [
"543463",
"82482"
] | [
"The likely outcome of adding extra money to your escrow account is that the bank will send you a check for excess funds at the end of the year (or whenever your property tax and insurance payments are processed). Could you just redeposit that money immediately? Possibly. I bet most banks wouldn't care and would ju... |
3322 | What is a stock warrant? How do warrants work? | [
"128884",
"427145"
] | [
"In general, a warrant is a security issued by a company allowing the holder to purchase a certain number of a particular class of shares at a certain price for a particular period of time. They differ from exchange traded options (i.e. calls and puts) in that they are issued by the company that issued the underly... |
3324 | Where can I find information on corporate bonds (especially those rated as “junk”) ? | [
"247759"
] | [
"Bond information is much tougher to get. Try to find access to a Bloomberg terminal. Maybe you have a broker that can do the research for you, maybe your local university has one in their business school, maybe you know someone that works for a bank/financial institution or some other type of news outlet. Part... |
3326 | Short-sell, or try to rent out? | [
"404487",
"208793"
] | [
"A short sale will be pretty bad for your credit report. It will linger for 7 years. This may ruin your opportunity to buy in the new area. On the other hand you need to run the numbers, the last I looked into this, the bank will look at rent and discount it by 25%. So the shortfall of $800/mo (after adjustment) w... |
3327 | I cosigned on a house for my brother | [
"176830",
"371095"
] | [
"This is why we tell people not to co-sign unless they are able and willing to risk that money becoming a gift... or are able and willing to treat it as business rather than family. Unfortunately that advice is a bit late now to help you. When you cosigned, you promised the bank that you would make any payments he ... |
3328 | Are tax deductions voluntary? | [
"580379",
"331925",
"293920",
"240643"
] | [
"\"I did a little research and found this article from 2006 by a Villanova law professor, titled \"\"No Thanks, Uncle Sam, You Can Keep Your Tax Break\"\". The final paragraph of the article says: Under these circumstances, it is reasonable to conclude that a taxpayer is not required to claim a allowable deduction... |
3329 | Can a wealthy investor invest in or make a deal with a company before it goes public / IPO? | [
"473154",
"252853",
"90519"
] | [
"Yes, an investment can be made in a company before IPO. The valuation process is similar as that done for arriving at IPO or for a normal listed company. The difference may be the premium perceived for the idea in question. This would differ from one investor to other. For example, whether Facebook will be able to... |
3330 | How many days do I have to hold a stock before it is considered a capital gain by the CRA? | [
"328073"
] | [
"You don't have to wait. If you sell your shares now, your gain can be considered a capital gain for income tax purposes. Unlike in the United States, Canada does not distinguish between short-term vs. long-term gains where you'd pay different rates on each type of gain. Whether you buy and sell a stock within mi... |
3332 | What effect would sovereign default of a European country have on personal debt or a mortgage? | [
"249851",
"462668",
"152446"
] | [
"Patrick, This article points out three likely effects (direct and indirect) sovereign default can have on the individual: http://tutor2u.net/blog/index.php/economics/comments/the-sovereign-default-option-is-costly/ This looks at how a default may not look like a default - even if it is. But again, how defaults can... |
3333 | Home Valuation in a Dodgy neighborhood | [
"430764",
"451985",
"366591"
] | [
"\"Bad areas are tough to value as a owner-occupied property, because the business model for being a slumlord is to rent apartments in absentia, usually to tenants receiving goverment subsidies such as Section 8 vouchers. The vouchers are based on a prevailing rent, which are often on par with nice suburban apartme... |
3336 | Shorting Obvious Pump and Dump Penny Stocks | [
"266812",
"374819"
] | [
"Shorting penny stocks is very risky. For example, read this investopedia article, which explains some of the problems. In general: If you have some sort of method for perfectly identifying Pump and Dump schemes, it's possible you could make money if you time things right, but that timing is going to be very diff... |
3337 | I just made $50K from selling my house. How should I invest the proceeds? | [
"504497",
"206431",
"439899"
] | [
"It sounds like you want to lock-up your money in something relatively safe, and relatively hard to touch. You may want to consider a GIC (TD has one I found in a quick search) - from what I see it's the closest thing to a US CD. You won't get much back, but if you pick a 5-year term, you can't spend it* easily. Ot... |
3338 | How can I check my credit score? | [
"516789",
"66963",
"520674",
"358651",
"42611"
] | [
"http://annualcreditreport.com/ That's the official site for getting your free yearly credit report (one free per year from each of the 3 reporting bureaus).",
"Assuming you are asking about a credit score in the United States, the following applies. To find out your FICO score, navigate to AnnualCreditReport, th... |
3339 | Oh, hail. Totaled car, confused about buy-back options | [
"548649"
] | [
"It seems like there are a few different things going on here because there are multiple parties involved with different interests. The car loan almost surely has the car itself as collateral, so, if you stop paying, the bank can claim the car to cover their costs. Since your car is now totaled, however, that col... |
3340 | How long should I keep my bills? | [
"122909",
"468016",
"255331",
"123366",
"210345"
] | [
"Consumerist posted a list of how long to keep bills.",
"In general, you don't need to keep bills around for more than a few months. The exceptions are: anything that was itemized on your federal or state income taxes. You want to keep these around for seven years in case of an audit by the IRS brokerage stateme... |
3341 | Where can I open a Bank Account in Canadian dollars in the US? | [
"464449",
"313775",
"434853",
"463222",
"128257"
] | [
"If you can make the trip to BC yourself, I'd recommend opening an account with TD Canada Trust. They allow non-citizens to make accounts — apparently the only Canadian bank to do so. The customer service is great and they have a good online banking site that will allow you to manage it from the US. If you have a... |
3342 | How to double-entry bookkeep money incoming from sold items | [
"308768"
] | [
"If you were a business, all your assets would have a dollar value, so when you sold them you'd decrease the amount of assets by that amount and increase in cash, and if there was a profit on the sale it would go in as income, if there was loss it would count as a cost (or a loss)... so if there was a profit it wou... |
3343 | Investing: P/E Ratio basic question | [
"451688",
"232712",
"384770"
] | [
"The idea here is to get an idea of how to value each business and thus normalize how highly prized is each dollar that a company makes. While some companies may make millions and others make billions, how does one put these in proper context? One way is to consider a dollar in earnings for the company. How does... |
3345 | What one bit of financial advice do you wish you could've given yourself five years ago? | [
"339473",
"506824",
"432051",
"444351",
"87010",
"516555",
"591995",
"284948",
"435347",
"488755",
"278961",
"560016",
"45067",
"461385",
"315716",
"281612"
] | [
"2 things:",
"I wish I had learned my lesson from the dot com bubble before I took a piece of the housing bubble.",
"Maybe not exactly 5 years ago, but the big thing I wish I understood starting out my career was retirement accounts and how they worked.",
"(more like 10 years ago, but that's beside the point)... |
3346 | Flexplan - a company is taking over another, do I pay the balance? | [
"515942"
] | [
"This is only one of a series of questions your friend needs to understand. They will also need to know what happens to: vacation balances; the vacation earning schedule; retirement fund matching; the pension program; all the costs and rules regarding health, dental and vision;life insurance amounts. Some of these ... |
3348 | Can a company stop paying dividends? | [
"335858",
"195977"
] | [
"Yes. Companies increase, decrease, start paying and stop paying dividends when they think it appropriate. If a company has been going through some problems and makes a loss, or even a large decrease in profits, they can choose to stop paying dividends until things improve. Many companies did this during the Globa... |
3349 | CD interest rate US vs abroad, is there a catch? | [
"575241",
"499436",
"276321"
] | [
"Part 1 Quite a few [or rather most] countries allow USD account. So there is no conversion. Just to illustrare; In India its allowed to have a USD account. The funds can be transfered as USD and withdrawn as USD, the interest is in USD. There no conversion at any point in time. Typically the rates for CD on USD ... |
3351 | Electric car lease or buy? | [
"494616",
"213393",
"50047",
"317619",
"481165",
"516631"
] | [
"There are some who argue that you should lease an electric car. These factors are in addition to all the normal pros and cons of leasing vs. buying. The technology is still new and is advancing rapidly. In 2-3 years, the newer model may have significantly improved features, range, and efficiency, as well as lower ... |
3352 | What are some valuable sources for investment experience, when there is very little to no money to start with? | [
"555521",
"403092"
] | [
"Fake stock market trading may teach you about trading, which isn't necessarily the same thing as investing. I think you need to understand how things work and how to read financial news and statistics before you start trading. Otherwise, you're just going to get frustrated when you mysteriously win and lose funny ... |
3354 | What actions can I take against a bank for lack of customer service? | [
"523699",
"504816",
"474376"
] | [
"Figure out who regulates the bank. Complain to your state banking/consumer affairs department. Complain to your state Attorney General. The Feds regulate most banks too, there are several different agencies, and I believe the way they regulate banks has changed recently. Try contacting the US Comptroller of the Cu... |
3355 | What is the minimum age for early retirement | [
"108672"
] | [
"You can withdraw from CPP as early as 60. However, by doing so, you will permanently reduce the payments. The reduction is calculated based on average life expectancies. If you live for an average amount of time, that means you'll receive approximately the same total amount (after inflation adjustments) whether yo... |
3356 | How to use a companion fare if the total fare cost is more than the companion fare limit | [
"447292"
] | [
"\"You must buy both tickets in 1 transaction and the purchased ticket cannot be purchased with miles. You'll pay full price (technically a \"\"paid published coach airfare\"\") for the first ticket and enter in your discount code for the companion fare which will ring up as $99 + fees ($118 in your example). If th... |
3358 | Do gift cards expire? Does a gift certificate's value depreciate? How long can I keep them for? | [
"353615"
] | [
"It depends on: In Canada, Ontario, Manitoba, Alberta and Nova Scotia have each enacted legislation to stop gift cards/certificates from expiring. Cards issued before the effective date are still subject to the old rules. The legislation came into effect: There are several common themes: There are still some unus... |
3359 | How can one get their FICO/credit scores for free? (really free) | [
"501826",
"420600",
"215138",
"337817",
"368484",
"282067",
"499180"
] | [
"As of 2014, this answer is deprecated. Read answer here for recent developments up to January 2015. You can get a free credit report yearly, but you don't get your credit score, just the content of your report. This is useful to make sure your credit history is correct, etc. To get that, visit annualcreditreport.... |
3360 | Bi-weekly payment option | [
"262270",
"70357",
"212589"
] | [
"Your question is unclear about whether you are moving from bi-weekly payments or to bi-weekly payments. Let's calculate each case. Bi-weekly pay means you will be paid every two weeks. The amount for each payment will be your annual salary divided by 26, possibly with a small decrease (around 0.3%) to account for ... |
3361 | Should I be worried that I won't be given a receipt if I pay with cash? | [
"125422",
"222954",
"258504"
] | [
"If this is because he wants to avoid paying taxes, will I get in trouble if I agree to have him work on my vehicle? You should check your state and local sales tax laws to be certain, but in my state you have no liability if he does not pay his taxes. That's his problem, not yours. The biggest risk for you is if... |
3364 | Canceling credit cards - insurance rate increase? | [
"486419",
"562847",
"400043",
"26695"
] | [
"\"You don't need to have a bunch of credit cards lying around; just a couple is fine. Get a \"\"rewards\"\" card (without annual fee) that pays you back for use, and use it regularly to buy groceries, for example. Pay it off promptly each month, using the rewards, if you like, to reduce the amount you have to send... |
3366 | What's the benefit of a credit card with an annual fee, vs. a no-fee card? | [
"172305",
"129107"
] | [
"How would you respond to these cases: Limited card options - If someone has a bad credit record the cards available may only be those with an annual fee. Not everyone will have your credit record and thus access to the cards you have. Some annual fees may be waived in some cases - Thus, someone may have a card wi... |
3367 | What is a checking account and how does it work? | [
"356928",
"483265",
"589539"
] | [
"A checking account is one that permits the account holder to write demand drafts (checks), which can be given to other people as payment and processed by the banks to transfer those funds. (Think of a check as a non-electronic equivalent of a debit card transaction, if that makes more sense to you.) Outside of the... |
3368 | What is the fastest way to retire, using passive income on real estate | [
"509565",
"307426",
"365285"
] | [
"It is worth noting first that Real Estate is by no means passive income. The amount of effort and cost involved (maintenance, legal, advertising, insurance, finding the properties, ect.) can be staggering and require a good amount of specialized knowledge to do well. The amount you would have to pay a management ... |
3370 | How To Record Income As An Affiliate ( UK ) | [
"118615",
"545780"
] | [
"Every bill you write counts as income (if the bill doesn't get paid, you would count that as an expense). In cases where you don't write bills, I think the payment you receive would count as income, but you might check that on the HMRC website. So to record your income, you can basically record the payments that y... |
3373 | Quandl financial data : unexpected dividend | [
"33628"
] | [
"\"For MCD, the 47¢ is a regular dividend on preferred stock (see SEC filing here). Common stock holders are not eligible for this amount, so you need to exclude this amount. For KMB, there was a spin-off of Halyard Health. From their IR page on the spin-off: Kimberly-Clark will distribute one share of Halyard comm... |
3376 | How to help a financially self destructive person? | [
"421780",
"217628",
"50071",
"382576",
"47043",
"345778",
"534623"
] | [
"I learned this from a business book on managing people, but I think it applies equally well here. You can't put in what God left out of people. I know several people with this mentality about money and you simply have to make your sculpture out of the clay you have. In this case, however, it seems that ship has ... |
3377 | Should I charge my children interest when they borrow money? | [
"282379",
"460357",
"433727",
"419499",
"480419",
"219613",
"405837",
"259919",
"17110",
"301698",
"316631"
] | [
"\"I think there's value in charging family members/friends interest if it will make them take the loan seriously. The problem is that if you're thinking about charging interest because the person seems to be borrowing from you too cavalierly, it may be too late to make them take it seriously. In the situation you... |
3378 | Is insurance worth it if you can afford to replace the item? If not, when is it? | [
"448790",
"506194",
"265177",
"501432",
"184210",
"561461",
"417091",
"210676",
"176397",
"9152",
"383870",
"154180"
] | [
"This entirely depends on two factors: Now let's look at what AppleCare gives you: What it covers is any manufacturing defect. It also covers you for phone support, as otherwise it's a $49-per-incident charge even for simple issues. It also covers any software issues that you may come across as long as the issues p... |
3380 | Do companies only pay dividends if they are in profit? | [
"55701"
] | [
"Yes the company can still pay dividends even if they aren't making a profit. 1) If the firm has been around, it might have made profits in the past years, which it might be still carrying (check for retained earnings in the financial statements). 2) Some firms in the past have had taken up debt to return the money... |
3381 | I keep getting overcharged at the grocery store. Foul play? | [
"36375"
] | [
"Of course, there is no way for us to know whether or not the clerk is trying to rip you off $1.29 at a time, but I can't understand the possible motivation for doing so. I would imagine that most people would catch this at some point, so for a store to consistently overcharge for something like this is really bad... |
3383 | Why is auto insurance ridiculously overpriced for those who drive few miles? | [
"528430",
"53755",
"351446",
"111764",
"458930",
"107841",
"199598",
"362518",
"168278",
"563482",
"344378",
"163043"
] | [
"There are several aspects to this but at a high level it boils down to A lot goes in to insurance rating and risk projecting. You can't adjust a single variable and expect a proportional change in your premium, 7,000 miles per year just won't be 70% of the cost of 10,000 miles per year, because there are a lot of... |
3384 | Can a bank hold my deposit on a closed account? | [
"339545"
] | [
"What I'm reading is that they subtracted the $85 you owe them and they're cutting you a cashier's check for the rest. Ethically speaking, you owed them the money, they subtracted it and made you a check for the rest. Once you cash that check, nobody owes anyone anything in this equation. Sounds like they're in t... |
3385 | Should I try to hedge my emergency savings against currency and political concerns? | [
"435940",
"104492"
] | [
"You have to balance several concerns here. The primary problem is that if you go to the effort of saving your money you want to also be sure that your savings will not lose too much of its value to inflation. Ukraine had a terrible inflation spike in 2015 for obvious reasons. Even as inflation has settled down in ... |
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