question_id stringlengths 1 5 | question stringlengths 14 158 | pos_item_ids listlengths 1 23 | pos_item_contents listlengths 1 23 |
|---|---|---|---|
5601 | Buying a home - brokerage fee | [
"290841",
"489486",
"49838"
] | [
"\"That sounds like a particularly egregious version of exclusivity. However, the way that you could handle that is to include a \"\"contingency\"\" in your purchase agreement stating that your offer is contingent upon the seller paying the brokerage fee. The argument against this, and something your broker might u... |
5605 | Are there any disadvantages of Progress Draw Mortgage? | [
"97446"
] | [
"Presumably, the inverse of the advantages? You are guaranteed the interest rate that is written on your mortgage commitment as long as the first draw happens before the rate hold expiry date (typically 120 days from application date). In most cases, it takes at least 6 months or more to build a home from the groun... |
5606 | What are the differences between an investment mortgage and a personal mortgage? | [
"253319",
"491090",
"465256",
"333623",
"172722"
] | [
"Banks consider investment mortgages (and any mortgage where you don't live in the property), as a riskier investment than an owner occupied, home collateral mortgage. The sources of increased risk range from concerns that you will screw up as a landlord, your tenants will destroy the place, you won't have tenants ... |
5608 | Is there a good book that talks about all the type of products to invest? | [
"344950"
] | [
"There is no magical book that talks about the thousands of investment instrument types that are available ranging from brown fields land up to CDS futures and beyond. In addition to the huge number the depth of understanding ranges from knowing that a security type exists all the way up to being able to mark the i... |
5609 | Is it adventageous to expedite my wedding before the new year for tax savings? | [
"107579",
"240039"
] | [
"You are correct. If you get married by December 31, you will file as married for this year (Married Filing Jointly or Married Filing Separately) instead of Single. That could indeed save you some amount of taxes, if your situation is as you described. Some people do plan their date of marriage in such a way to opt... |
5610 | How can I find if I can buy shares of a specific company? | [
"53993",
"413672"
] | [
"\"A company whose stock is available for sale to the public is called a publicly-held or publicly-traded company. A public company's stock is sold on a stock exchange, and anyone with money can buy shares through a stock broker. This contrasts with a privately-held company, in which the shares are not traded on a... |
5611 | Buying a house, how much should my down payment be? | [
"286656",
"72026",
"578604",
"207173",
"453051"
] | [
"\"I'm going to answer your questions out of order. Emergency fund: Depending on how conservative you are and how much insurance you have, you may want anywhere from 3-12 months of your expenses on hand. I like to keep 6 months worth liquid in a \"\"high-yield\"\" savings account. For your current expenses that wou... |
5612 | Hearing much about Dave Ramsey. Which of his works is best in describing his “philosophy” about money? | [
"501651",
"423597",
"202145",
"547750",
"131108"
] | [
"Start with his website, specifically his seven steps. Most everything else is around motivating people to actually do the plan. As he often says personal finance is 80% personal and 20% finance, by which he means that things that make sense financially (paying off high interest debt first) don't necessarily motiva... |
5613 | How can this be enough to fund a scholarship in perpetuity? | [
"152839",
"582708",
"151803"
] | [
"The Trinity study looked at 'safe' withdrawal rates from retirement portfolios. They found it was safe to withdraw 4% of a portfolio consisting of stocks and bonds. I cannot immediately find exactly what specific investment allocations they used, but note that they found a portfolio consisting largely of stocks wo... |
5614 | Sell your home and invest in growth stock mutual fund | [
"480225",
"445782"
] | [
"It wouldn't surprise me to see a country's return to show Inflation + 2-4%, on average. The members of this board are from all over the world, but those in a low inflation country, as the US,Canada, and Australia are right now, would be used to a long term return of 8-10%, with sub 2% inflation. In your case, the... |
5617 | New or Used Car Advice for Recent College Grad | [
"256803",
"341252"
] | [
"Never buy a new car if cost is an issue. A big chunk of the price will disappear to depreciation as you drive it off the lot. If you want a shiny new car with the latest equipment (and if you can afford it!), buy a lightly-used car. Normally I would recommend a 1-3 year old car. 95% of the value, with a big cost s... |
562 | What are the tax consequences if my S corporation earns money in a foreign country? | [
"193367"
] | [
"\"Be careful here: If ACME were in California, I would pay taxes on USD 17,000 because I had revenue of 20,000 and expenses of 3,000. To CALIFORNIA. And California taxes S-Corps. And, in addition, you'd pay $800 for the right of doing business in the State. All that in addition to the regular Federal and State t... |
5623 | What are the disadvantages of using a small leverage? | [
"317399"
] | [
"The major drawback to borrowing to invest (i.e. using leverage) is that your return on investment must be high enough to overcome the cost of finance. The average return on the S&P 500 is about 9.8% (from CNBC) a typical unsecured personal loan will have an interest rate of around 18-36% APR (from NerdWallet). Thi... |
5628 | Should I avoid credit card use to improve our debt-to-income ratio? | [
"365899",
"5953",
"572426"
] | [
"\"For scoring purposes, having a DTI between 1-19% is ideal. From Credit Karma: That being said, depending on the loan type you looking at receiving (FHA, VA, Conventional, etc), there are certain max DTIs that you want to stay away from. As a rule, for VA, you want to try to stay away from 41% DTI. Exceptions a... |
563 | Can limits be placed by a merchant on which currency notes are accepted as legal tender? [duplicate] | [
"104572"
] | [
"Can they reject a hundred dollar bill as a payment of debt?! No. A creditor cannot refuse payment in cash, whatever denomination you use. HOWEVER, when you're buying stuff - you don't owe anything to the business owner. There's no debt, so the above rule doesn't apply. As long as there's no debt in existence, the ... |
5630 | Will paying off my car early hinder my ability to build credit? | [
"225245",
"592670",
"11126",
"153088"
] | [
"Don't fuss about your credit score when you're paying 9%. Get rid of the loan as fast as you can. Period.",
"No. Credit scores are primarily built by doing the following: To build credit, get a few major credit cards and a couple of store cards. Use one of them to make routine purchases like gas and groceries. P... |
5632 | How can I decide whether do a masters even if I have go into debt after doing it? | [
"300242",
"263542",
"6643"
] | [
"What should I do? Weigh your options and decide which education investment lines up better with your goals. Some of the costs from pursuing a degree at the more reputable university may include: However there are probably some benefits to pursuing a degree at this university: You will know best which of these appl... |
5633 | Need help with the psychology of investing: past failures and future fears | [
"123718",
"87922",
"299367"
] | [
"You're being too hard on yourself. You've managed to save quite a bit, which is more than most people ever do. You're in a wonderful position, actually -- you have savings and time! You don't mention how long you want/need to continue working, but I'll assume 20 years or so? You don't have to invest it all at once... |
5634 | High expense ratio funds - are they worth it? | [
"161153",
"135405",
"69915"
] | [
"Over the past five years, QFVOX has returned 13.67%, compared to the index fund SPY that has returned 50.39%. SEVAX has lost 23.96%. AKREX has returned 81.82%. In two of your three examples, you would have done much better in an index fund with a very low expense ratio as suggested. While one can never, as you see... |
5635 | Calculating Future Value: Initial deposit and recurring deposits of a fixed but different Value | [
"431136",
"427805",
"373226"
] | [
"But how do I bring the initial deposit into the equation? Basically, you can't. Unless you combine two different formulas from Math of Finance into a single expression. The single initial deposit of $1000 will compound for 20 years at 5% compounded annually. The final amount for this part of the deposit will be: ... |
5636 | If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? | [
"91838",
"495482",
"525386",
"270952",
"526096",
"409647",
"276163",
"335808",
"541450"
] | [
"It looks to me like this is a 'call an attorney' situation, which is always a good idea in situations like this (family legal disputes). But, some information. First off, if your family is going to take the car, you certainly won't need to make payments on it any more at that point, in my opinion. If the will go... |
5637 | Is “folio” an acceptable contraction of “portfolio”? | [
"25029"
] | [
"\"Technically, no. According to the dictionary, a folio is a single sheet, and a portfolio is a folder or case for keeping your folios. In finance, your collection of investments is called your portfolio, probably because your broker (before the digital age) would keep the records of what each of his clients held ... |
5638 | How to find a public company's balance sheet and income statement? | [
"580085",
"171964",
"558286"
] | [
"The balance sheet and income statements are located in the 10-K and 10-Q filings for all publicly traded companies. It will be Item 8.",
"\"Filter by the filings when you look at the search results. The 10-K will include the annual report, which included fiscal year-end financial statements. Quarterly reports ... |
564 | Do I need to pay taxes in India? | [
"360629"
] | [
"\"Do I need to pay taxes in India in this scenario? For India tax purposes, you would still qualify as \"\"Resident Indian\"\". As a resident Indian you have to pay taxes on Global income. It is not relevant whether you transfer the money back to India to keep in US. The income is generated and taxable. Depending... |
5641 | Google market cap | [
"156467"
] | [
"You are right: if the combined value of all outstanding GOOG shares was $495B, and the combined value of all GOOGL shares was $495B, then yes, Alphabet would have a market cap of at least $990B (where I say at least only because I myself don't know that there aren't other issues that should be in the count as well... |
5642 | How can a 529 plan help me save for my child's college education? | [
"589531",
"4006"
] | [
"You get to put money away with special tax incentives (ie - no or less taxes to pay) They are state sponsored and therefore pretty reliable, but some states are better than others. Like with many of these tax incentive type accounts (FSA, Dependent Care Spending Accounts) they are use it or lose it. (In a 529, u... |
5643 | Living in my own rental property | [
"479558",
"196295"
] | [
"If it is a separate unit from the rest of the property, you can use that portion as an investment property. the part, or unit, you are living in is your primary residence. The remainder is your investment. You are eligible to not pay capital gains on the portion you live in After two years. As always consult a t... |
5648 | Returning to the UK after working in Switzerland, What to do with my Swiss Francs? | [
"550558",
"426550"
] | [
"\"If you \"\"have no immediate plans for the money and will probably not return to Switzerland for a long time or at all\"\" then it might be best just to exchange the money so then you can use/invest it in the UK. Maybe keep a bill or two for memory-sake - I do that whenever I travel to a foreign country.\"",
... |
5649 | Put idle savings to use while keeping them liquid | [
"384968",
"14699",
"592915",
"238833",
"76786",
"307082",
"72717",
"348079"
] | [
"First of all, look for a savings account with a decent interest rate. Online banks are good at offering those, and you can transfer your money back and forth from the checking account with a couple of business days' delay. ING Direct offers 1.1% APY right now - lame, but much better than nearly-nothing. If you'd l... |
565 | Capital gains tax when I sell my home if I use a portion of it for an AirBnB | [
"485898"
] | [
"Getting the first year right for any rental property is key. It is even more complex when you rent a room, or rent via a service like AirBnB. Get professional tax advice. For you the IRS rules are covered in Tax Topic 415 Renting Residential and Vacation Property and IRS pub 527 Residential Rental Property There i... |
5650 | First time home buyer: Can you withdraw funds from a Roth 401k for a first time home purchase? | [
"315157"
] | [
"The rules are quite different. There is no special home purchase penalty-free withdrawal. In the case that your account has been open for five years, you can withdraw the principal (but not the earnings) without penalty. You may want to talk to a professional for further details. The real question is: why do yo... |
5652 | (Legitimate & respectable) strategies to generate “passive income” on the Internet? | [
"256239",
"534333",
"2656",
"309940"
] | [
"\"If you want real no hassle, look into getting an agent: http://www.xmarks.com/topic/photographers_agents Check Problogger for blogging info: http://www.problogger.net/ Passive income takes work. Making money off writing a novel/blogging, or photography is great, but you have to write the novel or take the pictu... |
5654 | If I put a large down payment (over 50%) towards a car loan, can I reduce my interest rate and is it smart to even put that much down? | [
"596957",
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"340287",
"428578",
"115935",
"19702"
] | [
"Can you reduce your interest rate? Talk to the lender. Maybe. Probably not. The rate reflects their perception of how much of a risk they're taking with the loan. But if all you're borrowing is $2000, the savings that you might get out of any adjustment to the rate is not going to be all that significant. Sure, it... |
5656 | Why would refinancing my mortgage increase my PMI, even though rates are lower? | [
"551275",
"67379",
"396540"
] | [
"Is that an FHA loan you have? And you're wanting to do one of those low cost FHA re-fi's, right? The answer is that in between when you first got that loan and now, the government's changed the rules on PMI for FHA loans. It more than doubled the amount of monthly PMI you have to pay. The new rates, efective Apri... |
5659 | 401k Option - Lifecycle or S&P Index - what are pros and cons? | [
"118800"
] | [
"I think we resolved this via comments above. Many finance authors are not fans of target date funds, as they have higher fees than you'd pay constructing the mix yourself, and they can't take into account your own risk tolerance. Not every 24 year old should have the same mix. That said - I suggest you give thoug... |
5660 | want to refinance FHA loan, may move out unexpectedly and would like to keep as investment property, what are my options? | [
"441227",
"331255"
] | [
"Most likely no. Just make sure to read the fine print. I'm in exactly the same boat, I have a house with an FHA loan and will be refinancing to conventional then using it as an investment. To refinance, you usually have to own 25% of your property before you can refinance, or buy another property with FHA finan... |
5665 | Where to Park Proceeds from House Sale for 2-5 Years? | [
"303432",
"105801",
"589103",
"111921",
"391834"
] | [
"\"As soon as you specify FDIC you immediately eliminate what most people would call investing. The word you use in the title \"\"Parking\"\" is really appropriate. You want to preserve the value. Therefore bank or credit union deposits into either a high yield account or a Certificate of Deposit are the way to go.... |
5667 | Can extra mortgage payments be made to lower the monthly payment amount? | [
"291914",
"177028",
"378872"
] | [
"Some types of loans allow for reamortization (recasting) - which does exactly what you're talking about (making a big payment and then refiguring the monthly amount rather than the overall lifespan), without requiring any kind of a fee that refinancing does. Not every, or even most, mortgages, allow for recasting.... |
5668 | What is the formula for determining estimated stock price when I only have an earning per share number? | [
"149211",
"91430",
"71029"
] | [
"Stock price = Earning per share * P/E Ratio. Most of the time you will see in a listing the Stock price and the P/E ration. The calculation of the EPS is left as an exercise for the student Investor.",
"\"What you need to do is go to yahoo finance and look at different stock's P/E ratios. You'll quickly see that... |
567 | Will depositing $10k+ checks each month raise red flags with the IRS? | [
"395907",
"187790",
"424468",
"494666"
] | [
"You're getting confused between several different things. 10K - cash transactions over $10,000 are reported to FinCEN under BSA. This is to prevent money laundering. IRS - IRS wants to see your tax return with all your income reported there. They don't see your bank deposits unless they audit you. 1 and 2 are not ... |
5670 | Good yield vs. safer route (Checking vs. Savings) | [
"583803",
"41012",
"269226"
] | [
"In the US bank or credit union checking, savings, CD's are insured through FDIC or NCUA. The coverage is for $250,000. This limit can be increased by having multiple accounts. You, your spouse, and a Joint account with your spouse, are considered 3 different accounts, so you could have $750K coverage. IRA funds a... |
5671 | Are TD e-Series Funds worthwhile, or am I better off with ETFs? Why or why not? | [
"435951",
"436020"
] | [
"M Attia, the advantages of the TD e-series are that they are a low cost way to index your portfolio as well it gives you to opportunity to invest small amounts at a time. With ETF's, purchasing small amounts at a time would simply get too expensive.",
"\"TD e-series index funds are great for regular contributio... |
5672 | operating income | [
"258745",
"423163"
] | [
"Sedar is I guess the Canadian equivalent of EDGAR. You can find the company's filings there. Here's a picture from their filings. Can't post the link, if you go and find the filing through Sedar you'll know why (it's not as nice a site as EDGAR). The 4.8 million is from unrealized gain on biological assets. So th... |
5673 | Comparing the present value of total payment today and partial payments over 3 months | [
"266397",
"188384",
"254245"
] | [
"Its kind of a dumb question because no one believes that you can earn 8% in the short term in the market, but for arguments sake the math is painfully easy. Keep in mind I am an engineer not a finance guy. So the first payment will earn you one month at 8%, the second, two. In effect three months at 8% on 997. ... |
5674 | Buying a house. I have the cash for the whole thing. Should I still get a mortgage to get the homeowner tax break? | [
"384747",
"210972",
"485008",
"553718"
] | [
"Not for the tax break, no; as others have said that still costs you money. However, with rates being low right now and brought a bit lower by the tax break, this is an opportunity for the safest form of leveraged investing you will ever find. If you invest that money, the returns on investment will probably be bet... |
5677 | Are online mortgage lenders as good as local brick-and-mortar ones? | [
"461177",
"340831"
] | [
"I had a pretty good experience with Lending Tree, although they are a mortgage broker, not a lender themselves.",
"At least five of my co-workers are currently re-financing through Amerisave. Four have had a wonderful experience. The fifth has been dealing with a representative who constantly misunderstands hi... |
5678 | How to determine duration of a common stock whose dividends grow in perpetuity? | [
"11184",
"496096"
] | [
"\"The Dividend Discount Model is based on the concept that the present value of a stock is the sum of all future dividends, discounted back to the present. Since you said: dividends are expected to grow at a constant rate in perpetuity ... the Gordon Growth Model is a simple variant of the DDM, tailored for a firm... |
568 | Is issuer's bank allowed to charge fee when cashing check? | [
"171988"
] | [
"Some banks charge their own customers if they make use of a teller. That is what you are doing. You are going to a bank where you are not a customer and requesting a transaction that requires a teller. If you cash the check by going though your bank, the issuer's bank only handles it as a non-teller transaction."
... |
5682 | How can one tell if a company's quarterly financial report represents a profit or loss? | [
"288617"
] | [
"You have defined net profit to include all income and, presumably, expenses. Specifically, you are including income from other sources and are including finance costs and tax expense. For the quarter ended June 30, 2015, the net profit, by your definition, is 12.58. This is given on line 9 of the PDF. You ask how ... |
5684 | Is there a way to tell how many stocks have been shorted? | [
"27891"
] | [
"Generally the number of shares of a U.S. exchange-listed stock which have been shorted are tracked by the exchange and reported monthly. This number is usually known as the open short interest. You may also see a short interest ratio, which is the short interest divided by the average daily volume for the stock.... |
5686 | How does Value get rounded in figuring out Bonds Value? | [
"312893"
] | [
"With the formula you are using you assume that the issued bond (bond A) is a perpetual. Given the provided information, you can't really do more than this, it's only an approximation. The difference could be explained by the repayment of the principal (which is not the case with a perpetual). I guess the author h... |
5687 | Stock grant, taxes, and the IRS | [
"291460",
"444246"
] | [
"I went through this too. There's a safe-harbor provision. If you prepay as estimated tax payments, 110% of your previous year's tax liability, there's no penalty for underpayment of the big liquidity-event tax liability. https://www.irs.gov/publications/p17/ch04.html That's with the feds. Your state may have diff... |
5689 | Are prepayment penalties for mortgages normal? | [
"288823",
"202230",
"464173",
"397455"
] | [
"It used to be much more common, particularly for sub-prime loans. If you do run into someone offering a loan with a prepayment penalty, you should certainly consider other options.",
"It's not uncommon to have a small penalty if you pre-pay the mortgage in a short time. After all, making the loan isn't free for... |
569 | How to invest 10k dollars, at the age of 23? | [
"339553"
] | [
"\"An investment in knowledge always pays the best interest, as Ben Franklin said. However, this is not a question I can answer for you, as it depends on the opportunities that are specifically available to you as an individual. Sometimes opportunities will knock on your door and you can take advantage, other times... |
5692 | I'm 23 and was given $50k. What should I do? | [
"223405",
"90902",
"462481",
"287876",
"413955",
"169220",
"171196",
"340842",
"454937",
"173431",
"88351",
"253880",
"171712"
] | [
"Here are some possibilities: avoid buying a car for as long as you can; if forced to own one, buy a used dependable car like a Toyota Corolla- 4 cyl and don't abuse it. open a Roth IRA, depositing max possible, the plan on doing so until you've investing the remaining balance. A Roth IRA, while not tax deductibl... |
5693 | What is the p/e ratio? | [
"466972",
"308294",
"223823"
] | [
"The price to earnings ratio is a measure of the company's current share price compared to the annual net earnings per share. The other way to think about this is the number of years a company would take to pay back the share price if the earnings stay constant. This ignores factors like inflation and can be used... |
5694 | Shouldn't a Roth IRA accumulate more than 1 cent of interest per month? | [
"70657",
"118485",
"410117",
"218293"
] | [
"The term 'interest' tends to be used loosely when discussing valuation of stocks. Especially when referring to IRAs which are generally the purvey of common-folk who aren't in the finance industry. Often it is used colloquially to include: Using this definition (which is what I'm guessing your IRA Calculator is ... |
5696 | Capital losses on early-purchased stock? | [
"4794"
] | [
"Yes When exercising a stock option you will be buying the stock at the strike price so you will be putting up your money, if you lose that money you can declare it as a loss like any other transaction. So if the stock is worth $1 and you have 10 options with a strike at $0.50 you will spend $500 when you exercise ... |
5697 | In accounting and investment, what is the difference and relationship between balance and position | [
"495473"
] | [
"\"an account balance is your total in the account. The word balance means \"\"to be equal\"\". The use in finance stem from accounting. However you do not need to know why its called a balance to understand that a balance is equal to something. IE: your \"\"account balance\"\" is your total account weather its sa... |
57 | How can I lookup the business associated with a FEIN? | [
"203633",
"391403",
"77818",
"226530"
] | [
"I think much of that info is hidden behind pay-walls. Here is one site I've found. http://www.feinsearch.com/ Another that is for non-profits only is guidestar. http://www.guidestar.org/rxg/products/nonprofit-data-solutions/product-information/guidestar-premium/advanced-nonprofit-search.aspx",
"\"In most cases ... |
5700 | Which US market indexes (Dow/DJIA, S&P500, NASDAQ) include reinvested dividends? | [
"591089",
"154927"
] | [
".INX (the S&P 500 index itself) does not include reinvested dividens. You can figure total return by going to Yahoo finance, historical data. Choose the start year, and end year. You should find that data for SPY (going back to 1993) will show an adjusted close, and takes dividends into account. This isn't perfec... |
5701 | Now that Microsoft Money is gone, what can I do? [duplicate] | [
"552106"
] | [
"Mint.com is a fantastic free personal finance software that can assist you with managing your money, planning budgets and setting financial goals. I've found the features to be more than adequate with keeping me informed of my financial situation. The advantage with Mint over Microsoft Money is that all of your de... |
5703 | Buy index mutual fund or build my own? | [
"515191",
"30072",
"215410",
"7814",
"367014"
] | [
"You better buy an ETF that does the same, because it would be much cheaper than mutual fund (and probably much cheaper than doing it yourself and rebalancing to keep up with the index). Look at DIA for example. Neither buying the same amount of stocks nor buying for the same amount of money would be tracking the ... |
5704 | Relocating and buying a house simultaneously - How to handle pre-approval on fluctuating yearly income? | [
"178028"
] | [
"\"Assuming the numbers you gave are forecasted 2013 annual income, you should really use an average and give the lender 1 number, as long as you can provide documentation to back it up. Lenders aren't as sophisticated as considering your monthly income fluctuations into their underwriting algorithm. If you're not... |
5708 | What happens to an Earnest Money Deposit if underwriting falls through? | [
"273820"
] | [
"Your Purchase and Sale agreement should have a financing contingency. If it doesn't, your money may be at risk, and the agent did you no favor. Edit - I answered when away from computer. This is a snapshot of the standard clause from the Greater Boston Real Estate Board. Each state has its own standard documents. ... |
5709 | Are there any banks with a command-line style user interface? | [
"135227",
"39151",
"38906",
"159844",
"271516",
"468501",
"48415"
] | [
"There are API libraries available to various banks in various programming languages. For example, in Perl there are many libraries in the Finance::Bank:: namespace. Some of these use screen-scraping libraries and talk to the GUI underneath, so they are vulnerable to any changes the bank makes to their interface, b... |
571 | Investment time horizon: When is it acceptable to withdraw money from investments? | [
"66034",
"259227"
] | [
"\"shouldn't withdraw stock investments for at least 5 years would be better re-phrased as: \"\"don't invest money in stocks if you (really) need it within next few years\"\". The underlying principle is: stocks are one of the higher-risk investment classes out there. While that's exactly what you want over a long... |
5711 | Debit card for minor (< 8 y.o.) | [
"173545",
"326532",
"145673",
"590811",
"218579"
] | [
"It seems the age restriction for the Capital One MONEY account has been removed; I just read the entire terms and conditions and there's no minimum age requirement. I just finished opening Capital One MONEY accounts for a child who is <5 and a child <8. Both now have activated debit cards and online access. Their ... |
5712 | Do you avoid tax when taking a home equity loan? | [
"344859",
"355745",
"71038",
"185047"
] | [
"You'll be taxed when you sell the house, but not before that (or if you do some other transaction that realizes the gain, talk to your real estate attorney or accountant for more details). A Home Equity line-of-credit is simply a secured loan: it's a loan, conditioned on if you fail to pay it back, they have a lie... |
5715 | Why do only a handful of Canadian companies have options trading on their stocks? | [
"498356",
"226748"
] | [
"\"First, your question contains a couple of false premises: Options in the U.S. do not trade on the NYSE, which is a stock exchange. You must have been looking at a listing from an options exchange. There are a handful of options exchanges in the U.S., and while two of these have \"\"NYSE\"\" in the name, referri... |
5716 | Are car buying services worth it? | [
"287327",
"438740",
"374211",
"561937",
"298676"
] | [
"I have used car buying services through Costco and USAA. Twice with a Ford, and once with a Honda. In all instances I was directed to sales people that were uncommonly friendly and pleasant to work with. I was given a deep discount without any negotiation. In two of the three cases I did not have a trade. In ... |
5717 | Is avoiding fees commonly found with CFD trading possible? | [
"405301"
] | [
"The fees with trading CFDs are usually lower than standard share trading. There is usually no joining fee to join a broker and start trading with them, you must be talking about the minimum required to fund your account to trade with. What country are you in? Because if you are in the USA I believe CFD trading is... |
5718 | How much does it cost to build a subdivision of houses on a large plot of land? | [
"505474",
"350887",
"537276",
"296591",
"391083",
"253530"
] | [
"\"A bank may not like loaning money to you for this. That is one snag. You listed 500,000-600,000$ for a monster of a house (3000 sqft is over three times the average size of homes a hundred years ago). Add in the price of the land at 60K (600K divided ten ways). Where I live, there is a 15% VAT tax on new homes. ... |
5719 | How to decide which private student loan is right for me? | [
"60233"
] | [
"\"I speak from a position of experience, My BS and MS are both in Comp Sci. I know very little about loans or finances. That is very unfortunate as you are obviously an intelligent human being. Perhaps this is a good time to pause your formal education and get educated in personal finance. To me, it is that impo... |
572 | Tax rules for United States citizens living in the US but being paid from outside the US | [
"434351"
] | [
"You can and are supposed to report self-employment income on Schedule C (or C-EZ if eligible, which a programmer likely is) even when the payer isn't required to give you 1099-MISC (or 1099-K for a payment network now). From there, after deducting permitted expenses, it flows to 1040 (for income tax) and Schedule ... |
5723 | Calculating pay off for credit card with multiple APRs | [
"474573",
"65532"
] | [
"\"@Joe's original answer and the example with proportionate application of the payment to the two balances is not quite what will happen with US credit cards. By US law (CARD Act of 2009), if you make only the minimum required payment (or less), the credit-card company can choose which part of the balance that s... |
5724 | What are some tips for getting the upper hand in car price negotiations? | [
"374243",
"109852",
"299422",
"44037"
] | [
"\"I read a really good tract that my credit union gave me years ago written by a former car salesman about negotiation tactics with car dealers. Wish I could find it again, but I remember a few of the main points. 1) Never negotiate based on the monthly payment amount. Car salesmen love to get you into thinking a... |
5728 | Buying real estate with cash | [
"214878",
"282725",
"133735",
"337765"
] | [
"If they really want cash, you notify your bank in advance of the amount and have it put in your account, then you both sign the paperwork at the bank and after everything is signed you have the bank hand them the money. Guarding it after that is entirely their problem. Personally, I would consider this a stupid re... |
5729 | Mortgage refinancing | [
"462183",
"121505",
"243520"
] | [
"If you selected a mortgage that allows additional payments to be credited against the principal rather than as early payment of normal installments, them yes, doing so will reduce the actual cost of the loan. You may have to explicitly instruct the bank to use the money this way each time, if prepay is their defau... |
573 | Estimated Taxes after surge in income | [
"243855",
"425817"
] | [
"You will not necessarily incur a penalty. You can potentially use the Annualized Income Installment method, which allows you to compute the tax due for each quarter based on income actually earned up to that point in the year. See Publication 505, in particular Worksheet 2-9. Form 2210 is also relevant as that ... |
5731 | Will I be turned down for a car loan? | [
"252859"
] | [
"Considering I'm putting 30% down and having my father cosign is there any chance I would be turned down for a loan on a $100k car? According to BankRate, the average credit score needed to buy a new car is 714, but they also show average interest rates at 6.39% for new-car loans to people with credit scores in t... |
5732 | I bought a new car for a month and wanted to return it | [
"14745",
"543193"
] | [
"My assumption here is that you paid nearly 32K, but also financed about 2500 in taxes/fees. At 13.5% the numbers come out pretty close. Close enough for discussion. On the positive side, you see the foolishness of your decision however you probably signed a paper that stated the true cost of the car loan. The t... |
5733 | APR for a Loan Paid Off Monthly | [
"220176",
"170167"
] | [
"The periodic rate (here, the interest charged per month), as you would enter into a finance calculator is 9.05%. Multiply by 12 to get 108.6% or calculate APR at 182.8%. Either way it's far more than 68%. If the $1680 were paid after 365 days, it would be simple interest of 68%. For the fact that payment are made... |
5734 | Which graduate student loans are preferable? | [
"317662",
"23420"
] | [
"Of course, the situation for each student will vary widely so you'll have to dig deep on your own to know what is the best choice for your situation. Now that the disclaimer is out of the way, the best choice would be to use the Unsubsidized Stafford loan to finance graduate school if you need to resort to loans. ... |
5735 | Should I get cash from credit card at 0% for 8 months and put it on loans? | [
"37070",
"219661",
"174336",
"191250"
] | [
"\"There are two issues here: arithmetic and psychology. Scenario 1: You are presently paying an extra $500 per month on your student loan, above the minimum payments. Your credit card company offers a $4000 cash advance at 0% for 8 months. So you take the cash advance, pay it toward the student loan, and then inst... |
5739 | Asset allocation when retirement is already secure | [
"124762",
"132361",
"246109"
] | [
"he general advice I get is that the younger you are the more higher risk investments you should include in your portfolio. I will be frank. This is a rule of thumb given out by many lay people and low-level financial advisors, but not by true experts in finance. It is little more than an old wive's tale and does ... |
574 | How to reconcile a credit card that has an ongoing billing dispute? | [
"78328",
"60082"
] | [
"You could make an entry for the disputed charge as if you were going to lose the dispute, and a second entry that reverses the charge as if you were going to win the dispute. You could then reconcile the account by including the first charge in the reconciliation and excluding the reversal until the issue has bee... |
5740 | How much should a new graduate with new job put towards a car? | [
"93519",
"311011",
"468879",
"106832",
"140307",
"260959",
"216708",
"542974",
"121905",
"213165",
"99658"
] | [
"You are currently $30k in debt. I realize it is tempting to purchase a new car with your new job, but increasing your debt right now is heading in the wrong direction. Adding a new monthly payment into your budget would be a mistake, in my opinion. Here is what I would suggest. Since you have $7k in the bank, s... |
5743 | Archive Financial Records by Account or by Year | [
"305065",
"63422"
] | [
"First, I try to keep electronic records (with appropriate backups) whenever it seems feasible: utility bills, credit card statements, bank statements, etc. This greatly cuts down on storage space, and are kept forever. For hard copy records, it depends on the transaction. I try to balance filing time and recover... |
5746 | 401k Rollover - on my own or through my financial advisor? | [
"211765",
"529324"
] | [
"Call up vanguard and tell them you want to do a rollover. They walk you through the process. Spend some time on reading up on asset allocation and benefits of indexing. 1.5% every year is steep and what do you have in return? The advisor's word that he'll make it up. How much did he manage to return during t... |
575 | Income tax on international income with money not deposited in India | [
"540671",
"319836"
] | [
"If the work is done in India, then the income arising out of it, is taxable when received by you, and not when it come into India ...",
"Three points for you to keep in mind. 1. In the very first year, you should have 182 days outside India. So that in the year when you start your consultancy, you will not have ... |
5752 | What factors of a stock help determine its potential | [
"480811"
] | [
"Knowing the answer to this question is generally not as useful as it may seem. The stock's current price is the consensus of thousands of people who are looking at the many relevant factors (dividend rate, growth prospects, volatility, risk, industry, etc.) that determine its value. A stock's price is the market... |
5754 | How often do typical investors really lose money? | [
"170628",
"532485",
"176254",
"276960",
"501056"
] | [
"So how often do investors really lose money? The short answer is, every day. Let's first examine your assumptions: If the price of the share gets lower, the investor can just wait until it gets higher. What are the chances that it won't forever, or for years? There are many stocks whose price goes down and the... |
5755 | How are mortgage payments decided? [duplicate] | [
"300412",
"581056",
"156195"
] | [
"It's easiest to get your payment from the PMT function in Excel or Google Sheets. So a $100,000 30 year mortgage at 3% looks like this: The basic calculation is pretty simple. You take the annual interest rate, say 3%, divided by 12, times the existing principal balance: The idea is that borrowers would like to ... |
5758 | Impact on Credit Worthiness (Getting A Loan with a Co-signer vs without) | [
"369075"
] | [
"It doesn't matter to the credit agencies if there is a co-signer or not. However, your family member will need to take into consideration if they are willing to be responsible for the loan in the event you are unable to make payments. Being a co-signer means they are agreeing to pay the loan amount. It will also i... |
576 | How to represent “out of pocket” purchases in general ledger journal entry? | [
"97708",
"489827"
] | [
"You're lending the money to your business by paying for it directly. The company accounts must reflect a credit (the amount you lend to it) and a debit (what it then puts that loan towards). It's fairly normal for a small(ish) owner-driven company to reflect a large loan-account for the owners. For example, if... |
5760 | Can Warren Buffet's method be distilled into basic steps? | [
"3533"
] | [
"\"Warren Buffet isn't using any special sauce. He looks for value and ignores hype, greed, and fear. He buys what he knows and looks for companies that generate cash and/or are available for a discount of their true value. He explains what he looks for in a company and his reasons for buying it. He has said on num... |
5761 | What is the true value, i.e. advantages or benefits, of building up equity in your home? | [
"56794",
"14083",
"275237"
] | [
"\"Taking out your equity when refinancing means that you take out a new loan for the full value of your house (perhaps less 20% as a down payment on the new mortgage, otherwise you'll be paying insurance), pay off your old lender, and keep the rest for yourself. The result is much the same as using as a HELOC or h... |
5762 | Interactive Brokers Margin Accounts | [
"292159",
"338727"
] | [
"\"Scenario 1 - When you sell the shares in a margin account, you will see your buying power go up, but your \"\"amount available to withdraw\"\" stays the same until settlement. Yes, you can reallocate the same day, no need to wait until settlement. There is no margin interest for this scenario. Scenario 2 - If ... |
5765 | When does it make sense for the money paid for equity to go to the corporation? | [
"121622",
"303810",
"289656",
"2205"
] | [
"\"BigCo is selling new shares and receives the money from Venturo. If Venturo is offering $250k for 25% of the company, then the valuation that they are agreeing on is a value of $1m for the company after the new investment is made. If Jack is the sole owner of one million shares before the new investment, then B... |
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