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Can a company donate to a non-profit to pay for services arranged for before hand? | Donations need to be with no strings attached. In this case, you make the cash donation, a deduction, and then they pay you, in taxable income. It's a wash. Why not just give them the service for free? Otherwise this is just money going back and forth. |
I have about 20 000 usd. How can invest them to do good in the world? | One of the best things you can do for this purpose, while getting a modest ROI on a passive investment, is invest in a company that profitably does whatever you want to see more of. For example, you could invest in a for-profit company that sells needed goods to low-income people at lower prices. Something like Wal-Ma... |
How big of a mortgage can I realistically afford? | Let's start with income $80K. $6,667/mo. The 28/36 rule suggests you can pay up to $1867 for the mortgage payment, and $2400/mo total debt load. Payment on the full $260K is $1337, well within the numbers. The 401(k) loan for $12,500 will cost about $126/mo (I used 4% for 10 years, the limit for the loan to buy a house... |
What are the downsides that prevent more people from working in high-income countries, and then retiring in low-income (and cost of living) ones? | I was at a restaurant in NYC, 1st Avenue and 63rd street. I don't recall how the conversation started, but the woman at the next table remarked how none of her friends from the West side, 9th avenue or thereabout, would visit her. Less than 2 miles away, yet in their minds, too far. Your question isn't likely to be ans... |
Do I need to report to FInCEN if I had greater than $10,000 worth of bitcoin in a foreign bitcoin exchange? | Firstly you have to know exactly what you are asking here. What you have if you "own" bitcoins is a private key that allows you to make a change to the blockchain that can assign a piece of information from yourself to the next person. Nothing more nothing less. The fact that this small piece of information is consid... |
If I invest in a company that goes bankrupt, is that a gain or a loss? | I'll give the credit to @Quid in the comments section of the question. You put out $10k, you got back $20k, that's a cash gain of $10k, how the asset was valued between your purchase and sale isn't relevant. From an accounting perspective, the company is the only party that is realizing the loss (as they have sold the... |
Are mutual funds safe from defaults? | There is a measure of protection for investors. It is not the level of protection provided by FDIC or NCUA but it does exist: Securities Investor Protection Corporation What SIPC Protects SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SI... |
Is it financially advantageous and safe to rent out my personal car? | I'm going to address a couple of extra issues over and above mhoran_psprep's great answer. Insurance A lot of the jobs you describe require that you have additional insurance over and above what you currently have, normally insurance that lets you drive for payment. You should insist that anyone you rent to has this in... |
Stock options: what happens if I leave a company and then an acquisition is finalized? | When you exercise your options, you come up with cash to buy the shares. This makes you an owner of the company for shares at the share price your options let you have. Ideally, your share price is at a significant discount to what the company is worth. Being a shareholder, you gain from any share price appreciation in... |
How to report Canadian income from a small contract job? | It's pretty easy. In the Interview Setup for Ufile, check the box for "Self-employment business income". Then during the process of filling everything out, you'll get a Self-Employment screen. It'll ask for the name of your business, but just put your own name since you don't have one. For the 6-digit classification co... |
Is there a good rule of thumb for how much I should have set aside as emergency cash? | We aim to keep 6 months of expenses. The rationale is that its enough time to recover from most serious illnesses (that you can recover from) or a redundancy or pay for a large unexpected problem not covered by the insurance (e.g. the boiler dying). It also gives us enough time to reorganise finances if needed. For exa... |
When transferring money between two parties, under what circumstances is it considered taxable income? | 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 not a t... |
Should I pay off my car loan within the year? | Your plan isn't bad, but it probably isn't worth the cost for the small amount of credit building it will achieve. If you do decide to continue with it though, you'll save in interest if you make the big payment now rather than in 6 months. In other words, you can take the minimum payment, multiply it by 5, subtract th... |
How much should a new graduate with new job put towards a car? | So many answers here are missing the mark. I have a $100k mortgage--because that isn't paid off, I can't buy a car? That's really misguided logic. You have a reasonably large amount of college debt and didn't mention any other debt-- It's a really big deal what kind of debt this is. Is it unsecured debt through a pr... |
Can expense ratios on investment options in a 401(k) plan contain part of the overall 401(k) plan fees? | There are several things being mixed up in the questions being asked. The expense ratio charged by the mutual fund is built into the NAV per share of the fund, and you do not see the charge explicitly mentioned as a deduction on your 401k statement (or in the statement received from the mutual fund in a non-401k situ... |
Capitalize on a falling INR | One simplest way is to to do Forex trading. You can do this by buying Foreign Currency Futures when you feel Rupee is going down or by selling those Futures when you feel Rupee will go up. |
What are the ins/outs of writing-off part of one's rent for working at home? | Tax regulations vary from country to country - some permitting more deductions, some less - but here are a few guidelines. As regards the home-office: As regards the deductions: Think of it like this: in order to have space for a home-office you needed a bigger home. That leads to increased rates, heating, insurance a... |
Does investing more money into stocks increase chances of profit? | Have a read of this PF&M article, which @Blackjack has an excellent answer that speaks around risk. Answers which suggest that the return is proportional to the amount invested is a very simplistic argument. It is far more complex than that. I would content that your initial question Does investing more money into stoc... |
How does the debt:GDP ratio affect the country's economy? | Is it not that bad? Depends how bad is bad. The problems causes by a government having large debt are similar to those caused by an individual having large debt. The big issue is: More and more of your income goes to paying interest on the debt, and is thus not available for spending on goods and services. If it gets b... |
Is investing in an ETF generally your best option after establishing a Roth IRA? | When investing small amounts, you should consider the substantial toll that commissions will take on your investment. In your case, $800 placed in just one ETF will incur commissions of about $8 each way, or a total of 2% of your investment. I suggest you wait until you have at least $5000 to invest in stocks or ETFs. ... |
Are credit cards not viewed as credit until you miss one payment? | Of course credit cards are viewed as credit. If you're using money on a credit card, you are not directly paying for your transactions on goods/services immediately: this is the act of borrowing credit to pay for them. Debit cards, on the other hand, work where the funds are taken from an account immediately (or subjec... |
Should I pay my Education Loan or Put it in the Stock Market? | For the sake of sanity, pay off your debt maybe not all but some part of it. You never know what the monster, the stock market may turn out to be. It may gobble up all your money without belching or it may gift you with a bounty. But if you pay off all your debt and the stock market monster is rewarding everybody else,... |
What is the correct answer for percent change when the start amount is zero dollars $0? | There is no numerical convention in finance that I have ever seen. If you look at statements or reports that measure growth when the starting value is negative or zero, you typically see "n/a" or "-" or "*" as the result. Any numerical result would be meaningless. Suppose you used 100% and another company had a legi... |
Starting an investment portfolio with Rs 5,000/- | Given that you are starting with a relatively small amount, you want a decent interest rate, and you want flexibility, I would consider fixed deposit laddering strategy. Let's say you have ₹15,000 to start with. Split this in to three components: Purchase all of the above at the same time. 30 days later, you will have ... |
Is buying a lottery ticket considered an investment? | This question feels like an EL&U question to me, and so I will treat it as one. Investment, noun form of to invest, originally from the Latin investire, meaning to clothe, means: [T]o commit (money) in order to earn a financial return Merriam-Webster Online Dictionary, Invest, vb. tr., definition 1 As such, when a pers... |
Considerations for holding short-term reserves? | Factors to consider: For the taxable investments: |
Why is there so much variability on interest rate accounts | Generally, if you watch for the detail in the fine print, and stay away from non-FDIC insured investments, there is little difference, so yes, pick the highest you can get. The offered interest rate is influenced by what the banks are trying to accomplish, and how their current and desired customer base thinks. Some ba... |
What's the best application, software or tool that can be used to track time? | Time Tracker I'm a software engineer and have been using this tool. It is free and has a good user interface. I believe it can very well be used by professional of other areas too. It does support the features that you're looking for regarding project and task tracking. |
How much time would I have to spend trading to turn a profit? | What determines your profitability is not your time, but your TRADES. It is probably a mistake to go into the market and say, I hope to make X% today/this month/this year. As a practical matter, you can make a lot of money in a short period of time, or lose a lot over a long period of time (the latter is more likely). ... |
S&P is consistently beating inflation? | TL;DR: Because stocks represent added value from corporate profits, and not the price the goods themselves are sold at. This is actually a very complicated subject. But here's the simplest answer I can come up with. Stocks are a commodity, just like milk, eggs, and bread. The government only tracks certain commoditi... |
How come the government can value a home more than was paid for the house? | The real answer why the government is "allowed" to do something is because they are the government and they make the rules. There are lots of laws that I think make no sense. I ran into a similar situation to yours. I bought a house during a time when the market in my area was way down. The previous owner had paid $140... |
Why are options created? | In general economic theory, there are always two markets created based on a need for a good; a spot market (where people who need something now can go outbid other people who need the same thing), and a futures market (where people who know they will need something later can agree to buy it for a pre-approved price, ev... |
What to consider before buying (exercising) a family member's private company employee stock options, about to expire? | The company may not permit a transfer of these options. If they do permit it, you simply give him the money and he has them issue the options in your name. As a non-public company, they may have a condition where an exiting employee has to buy the shares or let them expire. If non-employees are allowed to own shares,... |
What percent of my salary should I save? | A single percentage figure makes little sense here as you are asking for a bunch of different things: |
Is there such thing as a Checking account requiring pre-approval / white-list? | The account you are looking for is called a "Positive Pay" account. It generally is only for business accounts, you provide a list of check numbers and amounts, and they are cross-referenced for clearing. It normally has a hefty monthly fee due to the extra labor involved. |
historical stock data starting from 1900 | Robert Shiller published US Stock Market data from 1871. Ken French also has historical data on his website. Damodaran has a bunch of historical data, here is some historical S&P data. |
Why was S&P 500 PE Ratio so high on May 2009 | Asking why the p/e was so high is best answered "because reported earnings were so low". Recall that the S&P500 bottomed in early March 2009 when the panic of the financial crisis reached exhaustion. As noted on the page you have linked, the reported p/e ratios are computed using reported earnings from the trailing tw... |
One of my stocks dropped 40% in 2 days, how should I mentally approach this? | The mental approach should be that you always knew the risk of gambling and it was extra money that you had (or should have had). Now think that the 'horse' race is not over and in the near future it will pick up pace against the others and be back on track. |
Free, web-based finance tracking with tag/label support? | Mint.com does all of that (except for the cash at hand). |
What assets would be valuable in a post-apocalyptic scenario? | Apocalyptic like MAD MAX, huh? Well, no one so far has mentioned Gasoline, not paper gasoline futures but the real thing in barrels or tankers. Guns, ammo, sure... but if everyone on the ground is shooting each other I'd prefer an ultralight helicopter. You all have watched MAD MAX, right? On a more serious note, ther... |
UK sole trader who often buys products/services on behalf of clients – do I deduct from declared income or claim as allowable expenses? | Assuming you buy the services and products beforehand and then provide them to your clients. Should the cost of these products and services be deducted from my declared income or do I include them and then claim them as allowable expenses? You arrive at your final income after accounting for your incomings and outgoing... |
How to calculate cash loss over time? | There are two things you need to keep in mind when you look at Inflation as an entity. Inflation is necessary to keep in check the value of goods. As per Moore's Law for example, a mobile phone that you buy for £100 today will be available for £50 in two years. With increased purchasing power, one needs to maintain bal... |
Rate of change of beta | This is (almost) a question in financial engineering. First I will note that a discussion of "the greeks" is well presented at https://en.wikipedia.org/wiki/Greeks_(finance) These measures are first, second and higher order derivatives (or rate of change comparisons) for information that is generally instantaneous. (Be... |
I'm 23 and was given $50k. What should I do? | The best option for maximizing your money long-term is to contribute to the 401(k) offered by your employer. If you park your inheritance in a savings account you can draw on it to augment your income while you max out your contributions to the 401(k). You will get whatever the employer matches right off the bat and yo... |
How much does it cost to build a subdivision of houses on a large plot of land? | Let's think like a real estate developer. First you need to check with the zoning commission the restrictions for the area. Let's say that the plot is actually suitable for 10 homes. You buy the land. You also need to finance the build itself. If you don't have enough cash you need to acquire financing from banks and p... |
How will interest rate changes affect my government bonds ETF? | In general, yes. If interest rates go higher, then any existing fixed-rate bonds - and hence ETFs holding those bonds - become less valuable. The further each bond is from maturity, the larger the impact. As you suggest, once the bonds do mature, the fund can replace them at a market price, so the effect tails off. The... |
“Business day” and “due date” for bills | You definitely have an argument for getting them to reverse the late fee, especially if it hasn't happened very often. (If you are late every month they may be less likely to forgive.) As for why this happens, it's not actually about business days, but instead it's based on when they know that you paid. In general, the... |
If I have no exemptions or deductions, just a simple paycheck, do I HAVE to file taxes? | You are not required to file a tax return in Canada if you have no taxable income. If you do not file a return you may be requested to by Canada Revenue Agency, and then you'll need to file one. There are hundreds of thousands of Canadian residents who do not file tax returns. The Minister who overlooks the CRA may ass... |
Can someone recommend a book that discusses the differences between types of financial statements? | I would recommend "How to Read a Financial Report : For Managers, Entrepreneurs, Lenders, Lawyers, and Investors" by John A. Tracy for the following reasons: I also think the book would bridge the gap nicely between a broad understanding of finance and a more serious technical know-how. |
How does a Non US citizen gain SEC Accredited Investor Status? | Here are the SEC requirements: The federal securities laws define the term accredited investor in Rule 501 of Regulation D as: a bank, insurance company, registered investment company, business development company, or small business investment company; an employee benefit plan, within the meaning of the Employee Reti... |
How to avoid getting back into debt? | Get someone in your family to pay for it. If that's not an option, you have no choice but to make do with what you can do, and either get a job or a loan. I'd advise a job unless you're studying something with a really strong possibility of getting you a high paid job. |
What is a maximum amount that I can wire transfer out of US? | The limit, if any, would be established by your financial institutions. You would need to contact both your sending and receiving bank to ascertain any limitation they impose on wire transfers. Generally, taxes aren't imposed on transference of funds between accounts you own, but I'm not familiar with tax in Thailand a... |
A calculator that takes into account portfolio rebalancing? | Quicken has tools for this, but they have some quirks so i hesitate to actually recommend it on that basis. |
When a stock price rises, does the company get more money? | No. Not directly. A company issues stock in order to raise capital for building its business. Once the initial shares are sold to the public, the company doesn't receive additional funds from future transactions of those shares of stock between the public. However, the company could issue more shares at the new higher... |
What are the tax implications of exercising options early? | The difference is whether your options qualify as incentive stock options (ISOs), or whether they are non-qualifying options. If your options meet all of the criteria for being ISOs (see here), then (a) you are not taxed when you exercise the options. You treat the sale of the underlying stock as a long term capital g... |
Why do credit cards require a minimum annual household income? | While you're asking about a particular bank, I'll give my opinion of this in general. I think a $12,000 household income is pretty low to be given credit. The risk to the bank is certainly higher than if the income were at that $35,000 level. They can use this to differentiate what they offer for perks, and if they ev... |
Personal finance app where I can mark transactions as “reviewed”? | Not web-based, but both Moneydance and You Need A Budget allow this. |
If I believe a stock is going to fall, what options do I have to invest on this? | Aganju has mentioned put options, which are one good possibility. I would suggest considering an even easier strategy: short selling. Technically you are borrowing the stock from someone and selling it. At some point you repurchase the stock to return to the lender ("covering your short"). If the stock price has fal... |
Purchasing ETFs when (pretty much) everything else is maxed out | Most ETFs are index funds, meaning you get built in diversification so that any one stock going down won't hurt the overall performance much. You can also get essentially the same index funds by directly purchasing them from the mutual fund company. To buy an ETF you need a brokerage account and have to pay a transacti... |
Should I lease, buy new, or buy used? | I think you're dancing with the line here, this question is hard to back up without opinions and could really be three different questions. I'm going to push aside the part about quality and reliability, that could be an emotional subject. So from a price standpoint, there's virtually no disagrement that it makes finan... |
Investment for beginners in the United Kingdom | Most investors should not be in individual stocks. The market, however you measure it, can rise, yet some stocks will fall for whatever reason. The diversification needed is to have a number of shares of different stocks, and that a bit higher than most investors are able to invest and certainly not one starting out. I... |
Why buy insurance? | There's an old saying among commodities producers... If it's likely to happen, but won't kill you, you hedge (save/"self-insure", options, futures). If it's not likely to happen, but would kill you, you insure. Hedging and insuring are both about managing risk. If you feel there is no risk at all, you don't need to do... |
Should I use a credit repair agency? | So you are in IT, that is great news because you can earn a fabulous income. The part time is not great, but you can use this to your advantage. You can get another job or three to boost your income in the short term. In the long term you should be able to find a better paying job fairly easily. There is one way ... |
What is a clearing bank, in specific, what does RMB clearing bank do? | Clearing means processing unsettled transactions. Specifically - all the money transfers between the banks, in this case. Clearing Bank for RMB business means that all RMB transactions will be cleared through that specific bank. If bank A in Hong Kong gets a check drawn on Bank B in Hong Kong, and the check is in RMB -... |
What is the smartest thing to do in case of a stock market crash | First, there will always be people who think the market is about to crash. It doesn't really crash very often. When it does crash, they always say they predicted it. Well, even a blind squirrel finds a nut once in a while. You could go short (short selling stocks), which requires a margin account that you have to quali... |
Dry cleaners lost $160 pants, what should I do? | Read the claim ticket or receipt for when you made the initial drop-off. Every dry cleaning business that I've used in the USA has had a warning about damages or in case of loss. They always agree to reimburse up to a certain amount, usually $50 or $100 per item. This is standard in California, Arizona, New York and F... |
Got charged ridiculous amount for doctor's walk in visit. What are my options? | To answer the specific question of whether you can get the bill reduced without hurting your credit, yes, as long as the bill never goes to collections, there's no reason it should ever show up on your credit report. Will they reduce your bill without sending it to collections first? Maybe. All you can do is ask. |
Is an open-sourced World Stock Index a pipe-dream? | An index is just a mathematical calculation based on stock prices. Anyone can create such a calculation and (given a little effort) publish it based on publicly available data. The question of "open source" is simply whether or not the calculator chooses to publish the calculation used. Given how easy an index is to cr... |
Self assessment expenses - billing date or payment date? | Unless you're running a self-employed business with a significant turnover (more than £150k), you are entitled to use cash basis accounting for your tax return, which means you would put the date of transactions as the payment date rather than the billing date or the date a debt is incurred. For payments which have a l... |
What do I need to start trading in the NSE (National Stock Exchange)? | To start trading at a minimum you need 3 things; Bank Account: This again is not must, but most preferred to transact. Quite a few broker would insist on this. Demat Account: This is must as all shares on NSE are held electronically. The custodians are CSDL or NSDL both Government entities. These don't offer services d... |
Reinvesting dividends and capital gains | No, the reinvestment is done as a courtesy. Consider, one can have, say, 100 shares of a $50 stock. A 2% dividend is $100/yr or $25/quarter. It would be a pretty bad deal if brokers charged you even $5 for that trade. When cap gains and dividends are grouped as you suggest, it refers to Mutual Funds. My funds will have... |
As an investor or speculator, how might one respond to QE3 taper? | As I tell all my clients... remember WHY you are investing in the first. Make a plan and stick to it. Find a strategy and perfect it. A profit is not a profit until you take it. the same goes with a loss. You never loose till you sell for less than what you paid. Stop jumping for one market to the next, find one stra... |
Are banks really making less profit when interest rates are low? | Banks make less profit when "long" rates are low compared to "short" rates. Banks lend for long term purposes like five year business loans or 30 year mortgages. They get their funds from (mostly) "short term" deposits, which can be emptied in days. Banks make money on the difference between 5 and 30 year rates, and sh... |
Is it legal to not get a 1099-b until March 15? | If one looks at the "Guide to Information Returns" in the Form 1099 General Instructions (the instructions that the IRS provides to companies on how to fill out 1099 and other forms), it says that the 1099-B is due to recipient by February 15, with a footnote that says "The due date is March 15 for reporting by trustee... |
Where should I park my money if I'm pessimistic about the economy and I think there will be high inflation? | For diversification against local currency's inflation, you have fundamentally 3 options: Depending on how sure you are on your prediction, and what amount of money you're willing to bet to "short the country", you might also consider a mix of approaches from the above. Good luck. |
Why do governments borrow money instead of printing it? | Yes - Simply put, printing money is called "monetizing the debt" and would result in some nasty inflation. It's a no-no as it quickly devalues the currency and makes it far more difficult to borrow in the future, an entire generation will remember getting burned by it. If, say, Canada's currency were suddenly worth hal... |
Margin Calculations Question | The setup is a purchase of 200 shares at $40 with a cash deposit of $4000 and margin loan of $4000 which a year later grew to $4240. With a margin requirement of 30%, the loan can be 70% or a total stock value of $6057. 1) $30.29 2) -24.3% (The stock fell to $30.29 from $40) 3) -54.6% (Your $4000 fell to $1817) |
Didn't apply for credit card but got an application denied letter? | fine because the application was declined anyway. No it isn't fine. Credit card applications generally need a hard pull, so get it rectified. Firstly check if an application was really made on your behalf. Some companies use this ploy to pull you into a scheme of making you apply for a credit card. Secondly call up the... |
What's “wrong” with taking money from your own business? | I'm no expert on this, but I would say that, if you own the business entirely yourself, there is nothing terribly wrong with using it for your own purposes as you would any other asset that you own. What is wrong is not keeping accurate records that distinguish between your money and the business's. As you say, this ... |
What does an x% inflation rate actually mean? | Inflation is an attempt to measure how much less money is worth. It is a weighted average of some bundle of goods and services price's increase. Money's value is in what you can exchange it for, so higher prices means money is worth less. Monthly inflation is quoted either as "a year, ending on that month" or "since t... |
Understanding differences between S&P500 index-tracking ETFs | Regarding SPY: "One SPDR unit is valued at approximately 1/10 of the value of the S&P 500. Dividends are distributed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust." (source) These are depository receipts, not the actual stocks. Regarding IVV: "The component ... |
Auto insurance on new car | $600 a month is high, but may be the best you can do. When I moved from UK to Canada my first insurance quote was $3000 a year, but that was 20 years ago and I was older than 27. The rates go down substantially after you have had a local license for a few years. Best tips for minimising this: |
What can make a stock price rise without good news or results? | It could be an endless number of reasons for it. It could simply just be a break through a long term resistance causing technical traders to jump in. It could be an analyst putting out a buy recommendation. If fundamentals have not changed then maybe the technicals have changed. Momentum could have reached an overso... |
To rebalance or not to rebalance | Rebalancing is, simply, a way of making sure your risk/reward level is where you want it to be. Let's say you've decided that your optimal mix is 50% stocks and 50% bonds (or 50% US stocks, 50% international, or 30/30/30 US large-cap/US small-cap/US midcap...). So you buy $100 of each, but over time, the prices will o... |
Is there an ETF or Mutual Fund which tracks James O'Shaugnessy's Trending 25 stock strategy? | Funds can't limit themselves to a small number of stocks without also limiting themselves to a small amount of total investment. I think 25 companies is too small to be practical from their point of view. |
Why does money value normally decrease? | It is in circles. Today Money is fiat money. From economic stand point a moderate inflation is good. It there is near zero inflation or deflation, then economy would come to standstill and would stagnate. Hence everything has to becomes expensive. This keeps the economy in motion. House or Gold does increase in value o... |
Trouble sticking to a budget when using credit cards for day to day transactions? | The trick to using a credit card responsibly is accounting. With your old system, you were paying for everything out of your savings account. Everytime you had an expense, it was immediately withdrawn from your savings account, and you saw how much money you had left. Now, with a credit card, there isn't any money bei... |
Can this year's free extension-to-pay be filed electronically? IRS Form 1127 | Form 1127 (updated link) should be filed in paper (with the supporting documents) to the IRS office that has jurisdiction in the area where you live. From the instructions (see the link above): File Form 1127 with the Internal Revenue Service (Attn: Advisory Group Manager), for the area where you maintain your legal... |
Any reason to keep IRAs separate? | I don't know about keeping different rollover IRAs separate. But I know that there is a reason to keep rollover IRAs separate from other traditional IRAs -- if you want to roll them back into a 401(k) in the future, some 401(k)s only allow funds that were rolled over from a 401(k) originally. |
What is 'consolidating' debt and why do people do it? | The debt on Credit Cards is pretty high. Its in the range of 30-40% APR. There could also be a case very high personal loan for medical or other personal emergencies at a rate in excess of 15%. The debt consolidation would offer this at a very low APR There are institutions that offer debt consolidation services that w... |
What kind of trade is this? | The question mentions a trailing stop. A trailing stop is a type of stop loss order. It allows you to protect your profit on the stock, while "keeping you in the stock". A trailing stop is specified as a percentage of market price e.g. you might want to set a trailing stop at 5%, or 10% below the market price. A traili... |
How can I cash out a check internationally? | I know someone around there, who might be able to collect it for me.Would I still be able to cash it out in the other country? Or can he/she cash it out for me? Unlikely. Unless they deposit it into a US bank account in your name. You can cash US checks in almost any decent bank anywhere in the world, but it may co... |
Wardrobe: To Update or Not? How-to without breaking the bank | The best way to save on clothes is up to you. I have friends who save all year for two yearly shopping trips to update anything that may need updating at the time. By allowing themselves only two trips, they control the money spent. Bring it in cash and stop buying when you run out. On the other hand in my family we... |
How can I find a report of dividend earned in a FY? | I know this question is old. I also have a kotak trading account. There is no way to get the dividend report from the trading account. The dividend is directly credited to your bank account by the companies through registrar. There is no involvement of trading account in there. So the best possible way will be to get t... |
Can someone explain the Option Chain of AMD for me? | When you buy a put option, you're buying the right to sell stock at the "strike" price. To understand why you have to pay separately for that, consider the other side of the transaction. If I agree to trade stock for money at above market rates, I need to make up the difference somewhere or face bankruptcy. That risk ... |
Help: Being charged interest on a loan for which I received no statements telling me of this debt for the past 15 years. Surprise! | Investigate the statute of limitations in your area. 15 years sounds like in most places it is past the allowable time a debt collector can legally collect or report it on your credit report. The statute of limitations means you still owe the debt, but they collector can no longer use the court system to collect it fr... |
Is there any reason to choose my bank's index fund over Vanguard? | Basically, no. Selecting an actively managed fund over a low-fee index fund means paying for the opportunity to possibly outperform the index fund. A Random Walk Down Wall Street by Burton Malkiel argues that the best general strategy for the average investor is to select the index fund because the fee savings are cer... |
Am I understanding buying options on stock correctly | Options have legitimate uses as a way of hedging a bet, but in the hands of anyone but an expert they're gambling, not investing. They are EXTREMELY volatile compared to normal stocks, and are one of the best ways to lose your shirt in the stock market yet invented. How options actually work is that you're negotiating ... |
Is it possible to trade US stock from Europe ? | Any large stockbroker will offer trading in US securities. As a foreign national you will be required to register with the US tax authorities (IRS) by completing and filing a W-8BEN form and pay US withholding taxes on any dividend income you receive. US dividends are paid net of withholding taxes, so you do not need ... |
I spend too much money. How can I get on the path to a frugal lifestyle? | Lots of good answers here about budgeting and other ideas. Here's a couple more: Think about offense and defense. Offense is how much money you make. Are you making enough to survive on? Is there a way you could bring in more income? Defense is what you do with your money. Do you have expensive habits? Do you ha... |
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