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Why is it possible to just take out a ton of credit cards, max them out and default in 7 years? | The U.S. bankruptcy laws no longer make it simple to discharge credit card debt, so you can't simply run up a massive tab on credit cards and then just walk away from them anymore. That used to be the case, but that particular loophole no longer exists the way it once did. Further, you could face fraud charges if it c... |
Purchasing a home using collateral | Since you only own half of the house, you would most likely need the cooperation of whoever owns the other half in order to use it as collateral for a loan, but if you can do that, there's no reason you couldn't do what you're talking about. The complication is that if you default on the loan, the bank isn't going to ... |
How to learn about doing technical analysis? Any suggested programs or tools that teach it? | A lot of investors prefer to start jumping into tools and figuring out from there, but I've always said that you should learn the theory before you go around applying it, so you can understand its shortcomings. A great starting point is Investopedia's Introduction to Technical Analysis. There you can read about the "i... |
What should I do with the 50k I have sitting in a European bank? | Unfortunately I do not have much experience with European banks. However, I do know of ways to earn interest on bank accounts. CDs (Certificates of Deposit) are a good way to earn interest. Its basically a savings account that you cannot touch for a fixed rate of time. You can set it from an average of 6 months to 12 m... |
Why should we expect stocks to go up in the long term? | The last 300 years of civilization have been amazingly atypical. We have experienced industrial revolution after industrial revolution. Economic revolutions that would have changed the world in 1000 AD show up as noise. Coal, Canal, Rail, Trade, Electricity, Refrigeration, Oil, Gas, Nuclear, Assembly Line, Vacuum Tub... |
Can I buy a new house before selling my current house? | The two most common scenarios are: Since you have more control of timing when you are the buyer compared to when you are the seller, #1 is probably more common, however, a good real estate attorney should be able to walk you through your options should #2 come up. Fortunately, many real estate attorneys do not charge y... |
Borrowing money for a semi-urgent medical expense | The best option would be to have the dental office allow you pay in installments. That would be probably the cheapest and most convenient way. When high amounts are involved - many medical offices are flexible with payments and allow spreading over long period of time, so you should check it out. Otherwise, credit card... |
For a mortgage down-payment, what percentage is sensible? | Well hindsight tells us now that by and large, doing 100% borrowing was not the best policy we could have taken. It gets nitpicky, but in the US the traditional 20% is the answer I presently feel comfortable with. It could be a reactionary judgement I am making to the current mess (in which I have formed the opinion t... |
Fund equalisation / dividend | Do all/most unit trusts have equalisation policy? It is really that some value of the fund is given to the investor, so the fund value goes down by that much per unit. It depends on the type of mutual funds. For example, there are growth type mutual funds that do not give any dividend and the total value of the fund is... |
How do I report this cash bonus/tip on income tax return? | Daniel covered the correct way to file on the returns, I'm chiming in specifically to discuss the question of whether it could be a gift. The IRS will classify it as a tip even if the person giving it says it's a gift if a service was rendered before the gift was given. The only way that you could make a case to the IR... |
Setting up general ledger/tax reporting for a Real Estate Rental LLC in GnuCash | You will need to set up accounts in your chart of accounts for each of the partners. These are equity accounts where you can track your contributions, share of the profits and losses, and distributions. You're going to have to go back into the beginning years to get this right. I'm not sure what you mean by a "Built-in... |
If throwing good money after bad is generally a bad idea, is throwing more money after good Ok? | I have heard that investing more money into an investment which has gone down is generally a bad idea*. "Throwing good money after bad" so to speak. This is over simplified statement to explain the concept. What is essentially says is; Say I hold stocks of XYZ; 100 units worth say USD 1000. This has lost me x% [say 50%... |
How to transfer money to yourself internationally? | Although I have not tried, you can check out the Western Union Money Transfers. http://www.westernunion.com/WUCOMWEB/staticMid.do?method=load&pagename=serviceToBank |
Is person-person lending/borrowing protected by law? | Yes, it is, under some circumstances (basically, a piece of paper saying "John Doe borrowed Josh Shoe 100 USD" is not enough). Usually, the paper should include: This is the case for Czech Republic, I believe it's similar for other countries as well. Remember that without the repair date, you have very complicated posi... |
Looking for a good source for Financial Statements | You can access financial statements contained within 10K and 10Q filings using Last10K.com's mobile app: Last10K.com/mobile Disclosure: I work for Last10K.com |
What is the difference between “good debt” vs. “bad debt”? | In general, all forms of debt are bad, as they keep you tied to a financial institution and can be an emotional burden for many. In the book Payback (by Margaret Atwood), debt is even described as a sin. However some forms of debt are necessary and some can help create wealth. "Good" debt: a mortgage - to purchase a ho... |
Non Resident Alien(Working full time on F1-OPT) new car sales tax deduction | A non-resident alien is only allowed for deductions connected to producing a US-sourced income (See IRC Sec. 873). Thus you can only deduct things that qualify as business expenses, and State taxes on your wages. In addition you can deduct a bunch of stuff explicitly allowed (like tax preparation, charitable contributi... |
Could an ex-employee of a company find themself stranded with shares they cannot sell (and a tax bill)? | It would take an unusual situation. They exercise certain types of option, which come in as regular income rather than capital gains, and are holding the stock "long" (perhaps they are not allowed to sell because of an insider-trading freeze window; like right before earnings announcements). And then the stock tanks... |
Where should I park my rainy-day / emergency fund? | Something with an FDIC guarentee, so a bank. With an emergency fund, I think the 'return of capital' is more important than the 'return on the capital', so I'm fine with putting it in a standard savings account in a local bank(not an internet account) even if it pays next to nothing. The beauty is that since the bank i... |
Can a buy market order be matched with a sell market order in Forex trading? | Based on my research while asking How are unmarketable market orders (other side of the order book is empty) matched with incoming orders? and the one answer there, it seems like there are a few things for certain: All of this of course depends on the exact algorithm specified by the given exchange - I don't think ther... |
Why are big companies like Apple or Google not included in the Dow Jones Industrial Average (DJIA) index? | Traditionally, the Dow Jones Industrial Average (DJIA) was only comprised of stocks that were traded on the New York Stock exchange. Neither Apple (AAPL) nor Google (GOOG) are traded on the New York Stock Exchange but instead are traded on NASDAQ. All NASDAQ tickers are four characters long and all NYSE tickers are o... |
Good book-keeping software? | I think Peachtree is a double entry system |
Are stock prices purely (or mostly) only based on human action? | Stock prices are indeed proportional to supply and demand. The greater the demand for a stock, the greater the price. If they are, would this mean that stock prices completely depend on HOW the public FEELS/THINKS about the stock instead of what it is actually worth? This is a question people have argued for decades. L... |
Can written options be exercised against you prior to expiry when they become “in-the-money”? | Yes, if it's an American style option. American style options may be exercised at any time prior to expiration (even if they're not in-the-money). Generally, you are required to deliver or accept delivery of the underlying by the beginning of the next trading day. If you are short, you may be chosen by the clearinghous... |
How does one determine the width of a candlestick bar? | Very common question. There is no any rule of thumb. This solely depends on your trading strategy. I will share my own experience. My day starts with the daily chart, if I have a signal, either I open my position or I check 30 minute chart to make sure that it won't go too much against my trade. and I open my position.... |
Tax implications of exercising ISOs and using proceeds to exercise more ISOs | This may be a good or a bad deal, depending on the fair market value (FMV) of the stock at the time of exercise. Let's assume the FMV is $6, which is the break even point. In general this would probably be treated as two transactions. So overall you would be cash neutral, but your regular tax income would be increased ... |
Is there a law or regulation that governs the maximum allowable interest amount that can be charged on credit cards or in agreements where credit is extended? | In the US, usury is complicated and depends on the type of account, the bank charter and the where the bank makes credit decisions. Most major US credit cards are issued by entities in Utah, South Dakota and Delaware. None of these states have usury limits. Many states have usury limits. In New York, for example a loan... |
Should you always max out contributions to your 401k? | Definitely not. You are too young. Let me explain: Your money will be locked up for at least 40 years, and you will have to navigate some really quirky and trap-laden rules in order to get money for simple things. Let's say you want to buy a house. You won't be able to leverage the 401K for that. College Tuition? ... |
Should I make more conservative investments in my company 401(K) if I'm going to leave the job in a couple of years? | My advice would be to invest in the 401k with the same type of funds you'd purchase when you rollover to your IRA. They are both retirement accounts. If the stock market tanks, your 401k balance will be low but you'll also be purchasing stocks at a much cheaper price when you establish your roth. You should create an a... |
Are the guaranteed returns of regulated utilities really what they sound like? | Typically a private company is hit by demand supply issues and cost of inputs. In effect at times the cost of input may go up, it cannot raise the prices, because this will reduce demand. However certain public sectors companies, typically in Oil & Engery segements the services are offered by Public sector companies, a... |
I'm upside down on my car loan and need a different car, what can I do? | Before buying a new car, determine whether you really need one! If there's an automotive discussion, you should ask there FIRST to get opinions on how much all-wheel-drive helps. You may not want to change cars at all. Remember, most of us in the Northeast are NOT driving all-wheel-drive vehicles, and all cars have all... |
Is there a way to roll over short-term gains and avoid capital gain tax | If the investments are in a non-retirement, taxable account, there's not much you can do to avoid short-term capital gains if you sell now. Ways to limit short-term capital gains taxes: Donate -- you can donate some of the stock to charity (before selling it). Transfer -- you can give some of the stock to, say, a famil... |
What is the tax levied against stock portion cashed out of 401k? | Withdrawals from a traditional 401(k) plan are always treated as cash income and the taxable portion is taxed at ordinary income tax rates, even if the money was held in stocks within the 401(k) plan and the amount withdrawn is equal to whatever capital gains you made by selling the stock within the 401(k) plan. If you... |
Should I re-allocate my portfolio now or let it balance out over time? | As you note, your question is inherently opinion-based. That said, if I were in your situation I would sell the stock all at once and buy whatever it is you want to buy (hopefully some index ETF or mutual fund). According to what I see, the current value of the HD stock is about $8500 and the JNJ stock is worth less t... |
Why can Robin Hood offer trading without commissions? | They mostly make money off of the spread between your order and the spread of the buy and sell currently in the market. As others have previously explained, their buy/sell spreads are a little lacklustre. |
Will I be paid dividends if I own shares? | What is a dividend? Essentially, for every share of a dividend stock that you own, you are paid a portion of the company’s earnings. You get paid simply for owning the stock! For example, let’s say Company X pays an annualized dividend of 20 cents per share. Most companies pay dividends quarterly (four times a year), m... |
Does revenue equal gross profit for info product business? | What about web-hosting fees? Cost of Internet service? Cost of computer equipment to do the work? Amortized cost of development? Time for support calls/email? Phone service used for sales? Advertising/marketing expenses? Look hard--I bet there are some costs. |
What is the most effective saving money method? | First pay yourself. When you get salary, send some parts of that (for example 10%) to your saving account. Step by step you'll save nice money ;) |
How can you possibly lose on investments in stocks? | I think it may be best to take everything you're asking line-by-line. Once you buy stocks on X day of the month, the chances of stocks never actually going above and beyond your point of value on the chart are close to none. This is not true. Companies can go out of business, or take a major hit and never recover. Tak... |
Single employee - paying for health insurance premiums with pre-tax money | The answer likely depends a bit on which state you are in, but this should be true for most states. I don't know anything about Pennsylvania specifically unfortunately. The Affordable Care Act created the SHOP marketplace, which allows small businesses to effectively form larger groups for group coverage purposes. SH... |
Could there be an interest for a company to make their Share price fall? | Not directly Nintendo, but: A company would want its share price to be high if it wants to sell its stock, e.g. on IPO or on subsequent offerings. However, if they want to buy back some shares, it would be in their interest to get more stock for the buck. There may of course be derivative values associated with a high ... |
Stocks and Shares ISA: What are the options for “near cash equivalents”? | You can actually hold cash in your account as long as the manager has reason to believe it is awaiting investment. As for your question, some near cash equivalents are: It's difficult to go into more detail about which investments are eligible due to the variety of risk characteristics, but you can certainly find inves... |
Are quarterly earnings released first via a press release on the investor website, via conference call, or does it vary by company? | Companies typically release their earnings before the market opens, and then later host an analyst/investor conference call to discuss the results. Here's a link to an interesting article abstract on the subject: Disclosure Rules For Earnings Releases And Calls | Bowne Digest. Excerpt: In the aftermath of the Sarba... |
Buying a home with down payment from family as a “loan” | I'll compare it to a situation that is different, but will involve the same cash flow. Imagine the buyer agrees that you buy only 70% of the house right now, and the remaining 30% in 7 years time. It would be obviously fair to pay 70% of today's value today, pay 30% of a reasonable rent for 7 years (because 30% of th... |
Foreign currency losing value — can I report this as a loss for tax purposes? | This loss would be unrealized and, assuming you're a cash-basis tax-payer, you would not be able to take a loss on your 2014 tax return. This is similar to if you held a stock that lost 50% of its value. You wouldn't be able to claim this loss until you finally sold it. The link that User58220 posted may come into pla... |
Why is Insider Trading Illegal? | Capitalism works best when there is transparency. Your secret formula for wealth in the stocks should be based on a fair and free market, as sdg said, it is your clever interpretation of the facts, not the facts themselves. The keyword is fair. Secrets are useful for manufacturing or production, which is only a small... |
How feasible would it be to retire just maxing out a Roth IRA? | Assuming you max-out your Roth IRA with $5000 in inflation-adjusted contributions every year from 25-65, your balance at age 65 will depend on the post-inflation return you get in the account. Assuming you withdraw 4% per year after that, here is what your income will be: (All numbers are in inflation-adjusted 2011 do... |
Should I pay cash or prefer a 0% interest loan for home furnishings? | If a shop offers 0% interest for purchase, someone is paying for it. e.g., If you buy a $X item at 0% interest for 12 months, you should be able to negotiate a lower cash price for that purchase. If the store is paying 3% to the lender, then techincally, you should be able to bring the price down by at least 2% to 3% i... |
Does keeping 'long-term' safety net in bonds make sense? | The answer to your question depends very much on your definition of "long-term". Because let's make something clear: an investment horizon of three to six months is not long term. And you need to consider the length of time from when an "emergency" develops until you will need to tap into the money. Emergencies almost ... |
How to calculate how much house I can afford? | $100K of mortgage debt at 4%, 30 years will result in a $477/mo mortgage. It would take about $23K in income to have 25% of the monthly income cover the mortgage. This means, that with no other large debts, a bank will lend you about 4X your income. If, instead of 25%, we decided that having 20% of income go to the m... |
Net income correlation with Stock Price | Ideally, stock price reflects the value of the company, the dividends it is expected to pay, and what people expect the future value of the company to be. Only one of those (maybe one and a half) is related to current sales, and not always directly. Short-term motion of a stock is even less directly linked, since it a... |
Brokerage account for charity | I don't understand the logic in the other answer, and I think it doesn't make sense, so here is my take: You pay taxes on income, not on sales price. So if you put X $ of your own money in the account and it becomes X + Y $ in the future, at the moment of liquidation, you will own taxes on the Y $. Never on the X $, as... |
I'm thinking of getting a new car … why shouldn't I LEASE one? | I have an eight year old Kia Spectra that my wife is after me to replace -- but it hadn't been giving me any trouble at all. Soon after she started telling me I should replace it soon it started having problems; compressor, tires, and so on. How did she know? Anyway, so now I'm looking -- not ready to buy yet, but I'... |
Currently a Microsoft Money user on PC, need a replacement suitable for Mac | I switched from Quicken for Mac to Moneydance, and have not regretted it. I see only one weakness in MD compared with Quicken: its reporting is not very good. Your information is all there and well organized, but sometimes it's hard work to extract it in a convenient form. Of course a lot depends on what you need fr... |
Freelancer: Should I start a second bank account? | I feel the need to separate my freelance accounts from my personal accounts. Yes, you should. Should I start another savings account or a current account? Do you need the money for daily spending? Do you need to re-invest in your business? Use a current account. If you don't need the money for business expenses, put it... |
Does the P/E ratio not apply to bond ETFs? | The simple answer is technically bonds don't have earnings, hence no P/E. What I think the OP is really asking how do I compare stock and bond ETFs. Some mature stocks exhibit very similar characteristics to bonds, so at the margin if you are considering investing between 2 such investments that provide stable income i... |
Investment Options for 14-year old? | A fourteen-year-old can invest a few thousand into commuting to a part-time job or an education. If you can wait five years for a couple hundred you can wait two to four years for a car (or gas money) or a class (or some textbooks.) |
Can I rollover an “individual retirement annuity” to an IRA? | You are not allowed to take a retirement account and move it into the beneficiary's name, an inherited IRA is titled as "Deceased Name for the benefit of Beneficiary name". Breaking the correct titling makes the entire account non-retirement and tax is due on the funds that were not yet taxed. If I am mistaken and titl... |
When shorting a stock, do you pay current market price or the best (lowest) available ask price? | In terms of pricing the asset, this functions in exactly the same way as a regular sell, so bids will have to be hit to fill the trade. When shorting an equity, currency is not borrowed; the equity is, so the value of per share liability is equal to it's last traded price or the ask if the equity is illiquid. Thus when... |
Which type of stock order would I use to sell a stock that hits a price or drops below it? | A trailing stop will sell X shares at some percentage below the current market price. Putting in this order with a 10% trailing stop when the stock price is $50 will sell the stock when it hits $45. It's a market order at that point (see below). A stop order will sell the stock when it reaches a certain price. The s... |
What are the advantages of paying off a mortgage quickly? | I used to think that paying off ahead of time made sense, but I no longer do, at least in most cases. The upside is that you can get a return on your money equal to the mortgage interest rate (it's less than that in the US, where mortgage interest is deductible, so it's roughly the mortgage interest rate * 1 - your ma... |
In a competitive market, why is movie theater popcorn expensive? | I think this question has more to do with the business model of cinema. If I remember correctly. Most of the money from ticket sales goes back to the studios. Something like the newer a movie is the greater percentage goes back to the movie studios and the older a movie is the greater percentage of ticket price goes to... |
How much do large sell orders affect stock price? | Most of the investors who have large holdings in a particular stock have pretty good exit strategies for those positions to ensure they are getting the best price they can by selling gradually into the volume over time. Putting a single large block of stock up for sale is problematic for one simple reason: Let's say yo... |
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... |
Why do Americans have to file taxes, even if their only source of income is from a regular job? | A couple things. First of all, most people's MAIN source of income is from their job, but they have others, such as bank interest, stock dividends, etc. So that income has to be reported with their wage income. The second thing is that most people have deductions NOT connected with their job. These deductions reduce in... |
Is Weiss Research, Inc. a legitimate financial research company? | It is a scam organization praying on fear of the simple minded. The facts Edelson presents are not accurate - http://www.sec.gov/litigation/admin/2006/ia-2525.pdf |
What is a “Junk Bond”? | From wikipedia: In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade at the time of purchase. These bonds have a higher risk of default or other adverse credit events, but typically pay higher yields than better quality bonds in o... |
What are the options for a 19-year-old college student who only has about $1000? | Kid, you need to start thinking in thresholds. There are several monetary thresholds that separate your class from a more well funded class. 1) You cannot use margin with less than $2000 dollars Brokers require that you have at least $2000 before they will lend to you 2) In 2010, Congress banned under 21 year olds from... |
Does a SIM only cell phone contract help credit rating? | I have never seen any of my mobile phone providers report any data to any credit agency. They tend to only do that if you don't pay on time. Maybe sometimes it helps, but from my experience over the last decade - it must be some very rare times. |
Capital Gains Tax with Multiple 'buy' Transactions per Stock (U.S.) | According to the following article the answer is "first-in, first-out": http://smallbusiness.chron.com/calculate-cost-basis-stock-multiple-purchases-21588.html According to the following article the last answer was just one option an investor can choose: https://www.usaa.com/inet/pages/advice-investing-costbasis?akredi... |
What's an economic explanation for why greeting cards are so expensive? | As one answer points out, people buying greeting cards care little about whether they cost 25 cents or $5. Those are both small amounts of money and it's not something you buy often---also people feel the need to spend money because it's a gift. On the supplier side, it should be noted that the cost of cards has littl... |
collateralized mortgage obligations | I think the definition of overcollateralization on investopedia will answer this question for you. Namely this part: For example, in the case of a mortgage backed security, the principal amount of an issue may be $100 million while the principal value of the mortgages underlying the issue may be equal to $120 million.... |
Does it make sense to buy an index ETF (e.g. S&P 500) when the index is at an all-time high? | Here is, from Yahoo Finance, the S&P 500 over the last ~60 years (logarithmic scale): The behavior since ~2000 has been weird, by historical standards. And it's very easy, looking at that graph, to say "yes! I would have made so much money had I invested in March '09!". Of course, back in March '09, it wasn't so clear... |
What should I do with $4,000 cash and High Interest Debt? | Every $1,000 you use to pay off a 26% interest rate card saves you $260 / year. Every $1,000 you use to pay off a 23% interest rate card saves you $230 / year. Every $1,000 you put in a savings account earning ~0.5% interest earns you $5 / year. Having cash on hand is good in case of emergencies, but typically if your... |
Are all VISA cards connected with bank accounts? | Not necessarily. You can issue credit cards without a bank involved, although companies which do so may have additional legal complications, such as usury regulations. As an example, AmEx is a network which also issues cards themselves. The company is not a bank; they sold their banking subsidiary in 2007. It's also po... |
When is it better to rent and when is better buy in a certain property market? | No magic answers here. Housing is a market, and the conditions in each local market vary. I think impact on cash flow is the best way to evaluate housing prices. In general, I consider a "cheap" home to cost 20% or less of your income, "affordable" between 20-30% and "not affordable" over 30%. When you start comparing ... |
FTB sent refund check for 2011 during audit; Does this really mean that whole audit is over for 2011? | Not it doesn't, and yes they can. If the audit is closed, you should have received invitation to attend the closing conference, and get the summary of decisions from that meeting in writing. I suggest you check with your tax representative about this refund check before cashing it. |
Companies that use their cash to buy back stock, issue dividends, etc. — how does this this typically affect share price? | If a company is valued correctly, then paying dividends should lower the share price, and buying back shares should leave the share price unchanged. If the share price is $100, and the company pays a $10 dividend, then either its cash goes down by $10 per share, it is has to borrow money for the same amount, or some m... |
I received $1000 and was asked to send it back. How was this scam meant to work? | This was most likely a scam, although I do know of cases where a transfer intended for one company ended up in the bank account of another company. I am not entirely sure what happened afterwards, but I think the receiving company was asked to return the transfer back to the originating account. Still, even if this wa... |
stock option grant being cancelled because strike price greater than FMV and replaced with a new grant at a higher strike price | Both you and the Company were probably benefitted by this decision. Specifically an option grant that was not FRV or more would require you to recognize the option as income whether you had exercised it or not. Additionally a host of other 409A tax issues/penalties could have been levied against you as an employee re... |
How to decide on split between large/mid/small cap on 401(k) and how often rebalance | I really like keshlam's answer. Your age is also a consideration. If you make your own target fund by matching the allocations of whatever Vanguard offers, I'd suggest re-balancing every year or every other year. But if you're just going to match the allocations of their target fund, you might as well just invest in th... |
Would it make sense to take a loan from a relative to pay off student loans? | I have recently been the lender to a couple people. It was substantially less money (~$3k), but I was trusting their good faith to pay me back. As a lender, I will never do it again. Reasons, Overall, not worth it. |
How it actually works? Selling a call on a stock I hold, but has done poor, might the market thinks may rise | What you are proposing is called a "covered call" strategy. It is a perfectly reasonable speculative play on how far the stock will move within a certain amount of time. If your belief that the stock's volatility is such that it is unlikely to reach the strike price before the maturity is greater than the markets (wh... |
Can extra mortgage payments be made to lower the monthly payment amount? | That's tricky. Typically you lock in the minimum monthly payment when you close the loan. You can pay more but not less. Options: |
Is it possible to get life insurance as a beneficiary before the person insured dies? | The short answer is "No". There a 2 ways to get cash from a life insurance policy. If the policy has cash value greater than the surrender value, then the difference can be borrowed, but will generally increase premiums in the future. The other method, available on many term policies allows the owner to receive part... |
How to properly report income without 1099-MISC | You are right that even if you do not receive a 1099-MISC, you still need to report all income to the IRS. Report the $40 on Schedule C or Schedule C-EZ. Since your net profit was less than $400, you do not need to file Schedule SE. From the IRS web site: Self-Employment Income It is a common misconception that if a... |
Less than a year at my first job out of college, what do I save for first? | I wish I was in your shoes with the knowledge I have in my head. financial goal setting is a great plan at your age. In my humble opinion you don't want to save for anything... you want to invest as much as you can, create a corporation and have the corporation invest as much as possible. When there is enough monthly c... |
Received an unexpected cashiers check for over $2K from another state - is this some scam? | Some of these answers are actually wrong. Basically if you were to cash this cheque, you are committing bank fraud. The cheque is usually fake and ends up with them cashing it off your account--this is how cheques work, when you cash a cheque, you are the one ultimately responsible for the validity of what you're cash... |
what is the point of the part b late enrollment penalty? | The point of the enrollment penalty is basically the same as the ACA penalty. Any sort of health insurance - or really, any insurance - is funded by creating a risk pool of high and low risk people and pricing it so that the overall payments cover the total risk. That means, however, that on average the low risk peo... |
Are there any Social Responsibility Index funds or ETFs? | There is the iShares Jantzi Social Index Fund. |
If a stock doesn't pay dividends, then why is the stock worth anything? | It seems to me that your main question here is about why a stock is worth anything at all, why it has any intrinsic value, and that the only way you could imagine a stock having value is if it pays a dividend, as though that's what you're buying in that case. Others have answered why a company may or may not pay a div... |
Are there any funds tracking INDEXDJX:REIT? | Although you can't invest in an index, you can invest in a fund that basically invests in what the index is made up of. Example: In dealing with an auto index, you could find a fund that buys car companies's stock. The Google Finance list of funds dealing with INDEXDJX:REIT Although not pertaining to your quetion exact... |
U.S. Mutual Fund Supermarkets: Where are some good places to buy mutual funds? | I personally like Schwab. Great service, low fees, wide variety of fund are available at no fee. TD Ameritrade is good too. |
I'm upside down on my car loan and need a different car, what can I do? | For the future: NEVER buy a car based on the payment. When dealers start negotiating, they always try to have you focus on the monthly payment. This allows them to change the numbers for your trade, the price they are selling the car for, etc so that they maximize the amount of money they can get. To combat this you... |
What is an ideal number of stock positions that I should have in my portfolio? | Honestly? The maximum number really doesn't matter. If you're investing long-term, you buy in when it looks like an OK deal (still undervalued but looks like it'll grow), and you sell when it looks like the stock has reached a peak it won't reach again for a while if ever. However many stocks you can keep track of on t... |
Can an unmarried couple buy a home together with only one person on the mortgage? | It is highly unlikely that this would be approved by a mortgage underwriter. When the bank gives a loan with a security interest in a property (a lien), they are protected - if the borrower does not repay the loan, the property can be foreclosed on and sold, and the lender is made whole for the amount of the loan tha... |
What exchange rate does El Al use when converting final payment amount to shekels? | The rate for "checks and transfers" is set by each bank multiple times during the day based on the market. It is as opposed to the rate for "cash/banknotes", also set by each bank, and the "representative rate" (שער היציג) set by the Bank of Israel. These rates can be found on the websites of most banks. Here is Bank H... |
How to calculate P/E ratio for S&P500 sectors | To calculate a sector (or index) P/E ratio you need to sum the market caps of the constituent stocks and divide it by the sum of the total earnings of the constituent stocks (including stocks that have negative earnings). There are no "per share" figures used in the calculation. Beware when you include an individual s... |
Should I use my non-tax advantaged investment account to pay off debt? | If what you are paying in interest on the debt is a higher percentage than what your investments are returning, the best investment you can make is to pay off the debt. If you're lucky enough to be paying historically low rates (as I am on my mortgage) and getting good returns on the investments so the latter is the hi... |
Credit card fee and taxes | Credit card fees on a credit card used for personal expenses are not tax deductible. Credit card fees on a business credit card are deductible on schedule C (or whatever form you're using to report business income and expenses). If you are using the same card for both business and personal ... well, for starters, this ... |
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