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High-risk investing is better for the young? Why? | I'm going to diverge from most of the opinions expressed here. It is common for financial advisors to assume that your portfolio should become less risky as you get older. Explanations for this involve hand-waving and saying that you can afford to lose money when young because you have time to make up for it later. H... |
Are there any caveats to withdrawing funds from brokerage? | Assuming a USA taxable account: Withdrawing funds from a brokerage account has nothing to do with taxes. Taxes are owed on the profit when you sell a stock, no matter what you do with the funds. Taxes are owed on any dividends the stock produces, no matter what you do with the dividend. The brokerage sends you a form 1... |
What should a 21 year old do with £60,000 ($91,356 USD) inheritance? | Myself I am in a similar position. I've had a few good conversations about this with people in the financial services industry. It all depends how much time you want to spend on yielding your profits and how much risk you would like to take. High time and high risk obviously means higher expected gain, but also has a ... |
Plan/education for someone desiring to achieve financial independence primarily through investing? | The basic problem here is that you need to have money to invest before you can make a profit from it. Now if you have say $500K or more, you can put that in mutual funds and live modestly off the profits. If you don't have that $500K to start out with, you're either looking at a long time frame to accumulate it - say... |
How do I know when I am financially stable/ready to move out on my own? | One major concern with moving out on your own is can you afford rent each month, be it an apartment or a house payment. You'll hear people say that anywhere from 25% to 40% of your monthly after-tax income should go to housing. 40% seems very high to me and quite risky. I'd go for closer to 30% of your monthly after-ta... |
I have an extra 1000€ per month, what should I do with it? | As many before me said but will say again for the sake of completeness of an answer: First off provision to have an emergency fund of 6 months living expenses to cover loss of employment, unforeseen medical issues etc. When that is done you re free to start investing. Do remember that putting all your eggs in one bas... |
Is it ever a good idea to close credit cards? | In your specific case, I would leave them open unless you have a specific reason for wanting to close them - particularly, unless you feel closing them is necessary for you to not misuse them. The impact on the credit score is not why I say this, though. Much more important are the two competing real factors: My sugge... |
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... |
Buying a mortgaged house | Just as a renter doesn't care what the landlord's mortgage is, the buyer of a house shouldn't care what the seller paid, what the current mortgage is, or any other details of the seller's finances. Two identical houses may be worth $400K. One still has a $450K loan, the other is mortgage free. You would qualify for th... |
Can two companies own stock in each other? | Yes, this happens a lot. And in many cases companies don't even know this is happening. Collateralized Debt Obligations frequently contain pieces of the same financial products, where it is not obvious what the underlying asset is. It gets complicated to explain, but I can make an analogy to a portfolio of stocks you m... |
Why is it good to borrow money to buy a house? | In most cases of purchases the general advice is to save the money and then make the purchase. Paying cash for a car is recommended over paying credit for example. For a house, getting a mortgage is recommended. Says who? These rules of thumb hide the actual equations behind them; they should be understood as heu... |
Is the I.T. function in banking considered to be on the expense side, as opposed to revenue side? | Here is how your CEO has to see it. Of course, eventually most revenues are generated by IT systems but technically IT still is an expense only activity unless of course you are selling the software/services offered by it. According to the US GAAP, software development costs are capitalized when a firm develops a softw... |
Where can I find open source portfolio management software? | Have you looked into GnuCash? It lets you track your stock purchases, and grabs price updates. It's designed for double-entry accounting, but I think it could fit your use case. |
Retirement Savings vs. Student Loan payments | You can play with the numbers all you like (and that's good), however, here is a different way to look at it. The debt you have is risk. It limits your choices and eats your cash flow. Without the debt, you can invest at a much greater rate. It frees up you cash flow for all the things you might want to do, or decide ... |
Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there? | Most people cannot use pgp/gpg and setting it up would, in order to do that correctly, require voice fingerprint verification. Don't. Just write a word doc and either encrypt it when saving using the "save as" function or encrypt it using zip and email that to them. Then call them and tell them the password. Done. |
Why don't people generally save more of their income? | This question is likely to be voted closed as opinion-based. That said - In general people have become accustomed to instant gratification. They also have the media showing them luxury and are enticed every day to buy things they don't need. In the US, the savings rate is awfully low, but it's not just the lower 50%, ... |
What is a reasonable salary for the owner and sole member of a small S-Corp? | The answer depends on this: If you had to hire someone to do what you are doing in the S-corp, what would you pay them? If you are doing semi-unskilled work part-time, then $20k might be reasonable. If you are a professional working full time, it's too low. Don't forget that, in addition to "billable" work, you are ... |
When is it better to rent and when is better buy in a certain property market? | The Motley Fool suggested a good rule of thumb in one of their articles that may be able to help you determine if the market is overheating. Determine the entire cost of rent for a piece of property. So if rent is $300/month, total cost over a year is $3600. Compare that to the cost of buying a similar piece of propert... |
What are some good ways to control costs for groceries? | Also make a menu and make a shopping list from that. It will help you control how much you buy, and help to enforce only buying what you need. You don't need to limit your menu, but buying what you need in appropriate quantities will help. Don't forget to add snacking and desserts to your menu. |
Can you beat the market by investing in double long ETFs? [duplicate] | If the index goes up every single day during your investment, you would indeed be better off with 2x ETFs, assuming no tracking errors. However, this is basically never the case. Indexes fluctuate up and down. And the problem is, with these sorts of ETFs, you double your win on the upside but your downside is more than... |
Options strategy - When stocks go opposite of your purchase? | I would make a change to the answer from olchauvin: If you buy a call, that's because you expect that the value of call options will go up. So if you still think that options prices will go up, then a sell-off in the stock may be a good point to buy more calls for cheaper. It would be your call at that point (no pun in... |
Best Practices for Managing Paper Receipts | I store all my receipts digitally, and make sure to input them into accounting program sooner than later, just so I don't forget about it. For practical purposes, the two important things are: Any kind of a digital system makes this pretty easy, even just putting the sums in a spreadsheet and the receipts into files wi... |
Why are credit cards preferred in the US? | For me, it is mostly for the fraud protection. If I have a debit card and someone makes a fraudulent charge the money is removed from my bank account. From my understanding, I can then file a fraud complaint with the bank to recover my money. However, for some period of time, the money is missing from my bank account... |
How to check stock prices online? | Yes, there are a lot of places you can research stocks online, Google Finance, Yahoo Finance, Reuters etc. It's important to understand that the price of the stock doesn't actually mean anything. Share price is just a function of the market capitalization divided by the number of shares outstanding. As an example tak... |
Can I buy only 4 shares of a company? | Yes you can. it's called Odd Lot |
What are the alternatives to compound interest for a Muslim? | I am not sure if these are available today in your country: but supposedly, back when Catholic countries similarly forbade usury, sinecures were invented to circumvent religious restrictions on finance. Meaning literally 'without care', sinecures were formally prestigious salary-paying jobs with few responsibilities. ... |
Pros & cons in Hungary of investing retirement savings exclusively in silver? What better alternatives, given my concerns? | The points given by DumbCoder are very valid. Diversifying portfolio is always a good idea. Including Metals is also a good idea. Investing in single metal though may not be a good idea. •Silver is pretty cheap now, hopefully it will be for a while. •Silver is undervalued compared to gold. World reserve ratio is arou... |
Exotic Car Flipping as a Strategic Investment? (US-CAN) | You can greatly reduce the risk if you can line up a buyer prior to purchasing the car. That kind of thing is common in business, one example is drop shipping. Also there are sales companies that specialize in these kinds of things bringing manufacturers of goods together with customers. The sales companies never ta... |
Trading : how to deal with crashes (small or big) | You can buy out of the money put options that could minimize your losses (or even make you money) in the event of a huge crash. Put options are good in that you dont have to worry about not getting filled, or not knowing what price you might get filled with a stop-loss order, however, put options cost money and their ... |
How to share income after marriage and kids? | Some basic thoughts, mostly on fairness. I guess the answer doesn't really fit this site, it's more about ethics, but this fits the question which isn't really just about money either. So when both work the same amount, it seems appropriate that both get the same mount of money, doesn't it? That is, the scheme of (as a... |
Apartment lease renewal - is this rate increase normal? | Yes, automatic rate increases are typical in my experience (and I think it's very greedy, when it's based on nothing except that your lease is up for renewal, which is the situation you are describing). Yes, you should negotiate. I've had success going to the apartment manager and having this conversation: Make these ... |
How to work around the Owner Occupancy Affidavit to buy another home in less than a year? | Although it may be a little late for you, the real answer is this: When you close on a mortgage for a primary residence you are affirming (in an affidavit), two intents: Now, these are affirming intentions — not guarantees; so if a homeowner has a change of circumstance, and cannot meet these affirmed intentions, ther... |
Investing Account Options | Immediately move your Roth IRA out of Edward Jones and into a discount broker like Scottrade, Ameritrade, Fidelity, Vanguard, Schwab, or E-Trade. Edward Jones will be charging you a large fraction of your money (probably at least 1% explicitly and maybe another 1% in hidden-ish fees like the 12b-1). Don't give away s... |
Abundance of Cash - What should I do? | Since your 401k/IRA are maxed out and you don't need a 529 for kids, the next step is a plain ol' "Taxable account." The easiest and most hassle-free would be automatic contributions into a Mutual Fund. Building on poolie's answer, I think mutual funds are much more automatic/hassle-free than ETFs, so in your case (an... |
If a country can just print money, is global debt between countries real? | The debt is absolutely real. China loans money to US via buying the US treasury bonds. The bond is essentially a promise to pay back the money with interest, just like a loan. As you point out, the US can print money. If this were to happen, then the USD that the owner of a treasury bond receives when the bond matures ... |
Comparing the present value of total payment today and partial payments over 3 months | 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. You c... |
How can home buying be considered a sound investment with all of that interest that needs to be paid? | Housing prices are inseparable from the job market of an area. The 40k you want to use as a down payment will buy an entire house outright in many places of the country that have no jobs. If your job is mobile why not follow cheap housing, even if it is just to rent? |
What does it mean to long convexity of options? | Convexity refers to vega. Gamma refers to delta. Negative carry refers to time decay. |
When should I start saving/investing for my retirement? | Start now. It's a lot easier to save now than it is to start to save later. |
Evidence for timing market in the short run? | The time horizon for your IRA is years or decades, therefore there is little evidence that there is a benefit to waiting for the "perfect time" to invest. Unless you plan on making only one or 2 years of investments now and then waiting till retirement; the other deposits you will make over the decades will have a gre... |
Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit? | There are a couple of things to consider here that are relevant to your situation: |
What is a negotiable security and how are they related to derivatives? | As Dheer pointed out, Wikipedia has a good definition of what a negotiable instrument is. A security is an instrument or certificate that signifies an ownership interest in something tangible. 1 share of IBM represents some small fraction of a company. You always have the ability to choose a price you are willing to p... |
Investment time horizon: When is it acceptable to withdraw money from investments? | To summarize your starting situation: You want to: Possible paths: No small business Get a job. Invest the 300K in safe liquid investments then move the maximum amount each year into your retirement accounts. Depending on which company you work for that could include 401K (Regular or Roth), deductible IRA, Roth IRA. Th... |
I've got $100K to invest over the next 2 to 7 years. What are some good options? | Well, a proper answer needs a few more details: 1) What's your marginal tax bracket? (A CD is just plain silly for someone in a high tax bracket and in a high tax state) 2) What's your state of residence? 3) Do you have a 401k to draw on for a house loan in case of badly timed volatility? 4) What does will the rest of ... |
GAAP or non-GAAP numbers in nasdaq.com? | You're interpreting things correctly, at least at a high level. Those numbers come from the 10Q filing and investor summary from Microsoft, but are provided to NASDAQ by Zacks Investment Research, as noted on the main page you linked to. That's a big investment data firm. I'm not sure why they reported non-GAAP Micr... |
Is it ok to use a check without a pre-printed check number? | For the clearing house, only the routing number and the check amount [which gets encoded before its presented to clearing] is important. The check numbers were put in as a fraud prevention mechanism to ensure that one check was only presented once and that it was issued to a particular account. Typically issued in sequ... |
How much house can I afford, waiting around 3 years or so | On $4K/mo gross about $1000/mo can go to the mortgage, and at today's rates, that's about $200K of mortgage the bank might lend you. Income is qualified based on gross, not net, so if $48,000/yr is wrong, please scale my guesstimate down a bit. In the end, today's rates allow a mortgage of nearly 4X one's gross income... |
How do I account for 100 percent vendor discounts in GnuCash 2.6.5 | The answer was provided to me at the Gnucash chat by "warlord". The procedure is as follows: After doing this you will have: |
When a stock price goes down, does the money just disappears into thin air? | At any given time there are buy orders and there are sell orders. Typically there is a little bit of space between the lowest sell order and the highest buy order, this is known as the bid/ask spread. As an example say person A will sell for $10.10 but person B will only buy at $10.00. If you have a billion shares o... |
Exercising an option without paying for the underlying | This is dependent on the broker according to The Options Industry Council. Your broker will specify what they would do upon expiry (or hours before last trade) if you did not indicate your preference. Most likely they will conduct a probabilistic simulation to see whether exercising the contracts may result in margin ... |
Why do Americans have to file taxes, even if their only source of income is from a regular job? | Companies in the US will take care of paying a portion of your required income tax on your behalf based on some paperwork you fill out when starting work. However, it is up to you as an individual to submit an income tax return. This is used to ensure that you did not end up under or overpaying based on what your com... |
I received $1000 and was asked to send it back. How was this scam meant to work? | Most answers have concentrated on this being a scam, however, it is possible this is an innocent mistake. Australian bank account numbers do not have redundant digits to be used to validate an account number; all of the numbers are data and uniquely identify a bank and branch (the BSB number) and an account (the Accoun... |
What are the real risks in “bio-technology” companies? | Be wary of pump and dump schemes. This scheme works like this: When you observe that "From time to time the action explodes with 100 or 200% gains and volumes exceeding one million and it then back down to $ 0.02", it appears that this scheme was performed repeatedly on this stock. When you see a company with a very, v... |
When do I sell a stock that I hold as a long-term position? | For what it's worth -- and I realize this isn't directly an answer to the question -- one of the advantages of sticking with mutual funds, beyond their being inherently diversified, is that it removes a lot of the temptation to try to time the market. When you need money, you sell shares in such a way that it maintains... |
Corporate Equity Draw vs Income | You tagged with S-Corp, so I assume that you have that tax status. Under that situation, you don't get taxed on distributions regardless of what you call them. You get taxed on the portion of the net income that is attributable to you through the Schedule K that the S-Corp should distribute to you when the S-Corp fil... |
Do I owe taxes in the US for my LLC formed in the US but owned by an Indian citizen? | You're doing business in the US and derive income from the US, so I'd say that yes, you should file a non-resident tax return in the US. And in Connecticut, as well, since that's where you're conducting business (via your domestic LLC registered there). Since you paid more than $600 to your contractor, you're probably ... |
What determines deal price on stock exchange? [duplicate] | Stock prices are set by bidding. In principle, a seller will say, "I want $80." If he can't find anyone willing to buy at that price, he'll either decide not to sell after all, or he'll lower his price. Likewise, a buyer will say, "I'll pay $70." If he can't find anyone willing to pay that price, he'll either decide no... |
Should I fund a move by borrowing or selling other property assets? | It depends what rate mortgage you can get for any extra loans... If you remortgage you are likely to get a rate of 3.5-4%... depending who you go with. With deposit accounts in the UK maying around 1% (yes, you can get more by tying it up for longer but not a huge amount more) clearly you're better off not having a mo... |
In general, is it financially better to buy or to rent a house? | Property in general tends to go up in value. That's one advantage you won't get if you rent. |
Should we buy a house, or wait? | You are very young, you make a huge amount of money, and you have (from what information you provide) very little debt. If you simply want to buy a house for whatever reason, sure, but be honest with yourself about why you want to buy it. I see a lot of people who think they're doing it for smart financial reasons, but... |
When entering a Futures contract, must the margin deposit be idle or can I profit from it? | In theory, an FCM may accept various types of collateral, including assets such as cash, treasuries, certain stocks, sovereign debt, letters of credit, and (as of 2009, I think,) gold. In practice, most will want you to post cash or cash. Some will take treasuries, but I think you'll generally have a hard time posting ... |
How is it possible that a preauth sticks to a credit card for 30 days, even though the goods have already been delivered? | Open a dispute for the preauth. It is effectively a double charge, since you have already paid for the item. You can provide evidence of the other transaction. This forces them to go through some hassle and waste some time on the issue. |
Where can I find closed dates for the New York Stock Exchange for the coming year? | You can find the NYSE holiday dates listed on the exchange's own site (already linked in answer above), which should obviously be consulted as the most reliable source; they are also published in an article that I have written here: NYSE Holidays 2016, which provides additional information about traditions and events t... |
Retirement planning 401(k), IRA, pension, student loans | You asked specifically about the ROTH IRA option and stated you want to get the most bang for your buck in retirement. While others have pointed out the benefits of a tax deduction due to using a Traditional IRA instead, I haven't seen anyone point out some of the other differences between ROTH and Traditional, such a... |
If accepting more than $10K in cash for a used boat, should I worry about counterfeiting? | The only issue I can see is that the stranger is looking to undervalue their purchase to save money on taxes/registration (if applicable in your state). Buying items with cash such as cars, boats, etc in the used market isn't all that uncommon* - I've done it several times (though not at the 10k mark, more along about ... |
How meaningful is the “stock price” of a stock? | The information on GOOG or other sites is the average price of the stock and is indicative of the price at with the stock would be available. The actual trades happen at different values throught the day ... So the prices are good for most purposes and if you need the exact prices, you can thne decided to log into you... |
Is Bogleheadism (index fund investing) dead? | One alternative to bogleheadism is the permanent portfolio concept (do NOT buy the mutual fund behind this idea as you can easily obtain access to a low cost money market fund, stock index fund, and bond fund and significantly reduce the overall cost). It doesn't have the huge booms that stock plans do, but it also do... |
Cheapest way to “wire” money in an Australian bank account to a person in England, while I'm in Laos? | You could use paypal to transfer money. You can pay with paypal and your UK contact could transfer the money to his bank account through paypal. I just received money this way from the US and paid 9 EUR for this. Receiving the funds is as quickly as clicking a button on the paypal site. Transfering it (without costs) t... |
Would I qualify for a USDA loan? | IMHO you are in no position to buy a home. If it was me, I'd payoff the student loans, pay off the car, get those credit card balances to zero (and keep them there), and save up at least 10K (as an emergency fund) before even considering buying a home. Right now you have no wiggle room. A relatively minor issue wit... |
What market conditions favor small cap stocks over medium cap stocks? | I think to answer this question it is best for you to learn more about why people diversify through asset allocation. Look at related questions involving Asset Allocation here. I've asked a couple questions about asset allocation - I think you'll find the top rated answer on this post useful. |
Has anyone created a documentary about folks who fail to save enough for retirement? | Since your question was first posted, I happened to watch PBS FRONTLINE's The Retirement Gamble, about "America's Retirement Crisis" and the retirement industry. You can watch the entire episode online at the previous link, and it's also available on DVD. Here's a link to the episode transcript. Here's a partial blurb... |
Price difference among shares in Hong Kong and Shang Hai | Wikipedia talks about the Chinese currency: Scholarly studies suggest that the yuan is undervalued on the basis of purchasing power parity analysis. so despite it appearing cheaper due to the official exchange rate, the price in China might actually be fair. There are also restrictions on foreign exchange (purportedly ... |
Cheapest way to “wire” money in an Australian bank account to a person in England, while I'm in Laos? | I've been doing a bunch of Googling and reading since I first posed this question on travel.SE and I've found an article on a site called "thefinancebuff.com" with a very good comparison of costs as of September 2013: Get the Best Exchange Rate: Bank Wire, Xoom, XE Trade, Western Union, USForex, CurrencyFair by Harry S... |
Can you beat the market by investing in double long ETFs? [duplicate] | You miss the step where the return being doubled is daily. Consider you invested $100 today, went up 10%, and tomorrow you went down 10%. Third day market went up 1.01% and without leverage - got even. Here's the calculation for you: day - start - end 1 $100 $120 - +10% doubled 2 $120 $96 - -10% do... |
Is there any benefit to investing in an index fund? | Index funds may invest either in index components directly or in other instruments (like ETFs, index options, futures, etc.) which are highly correlated with the index. The specific fund prospectus or description on any decent financial site should contain these details. Index funds are not actively managed, but that ... |
Where to start with personal finance? | This Stack Exchange site is a nice place to find answers and ask questions. Good start! Moving away from the recursive answer... Simply distilling personal finance down to "I have money, I'll need money in the future, what do I do", an easily digestible book with how-to, multi-step guidelines is "I Will Teach You To Be... |
Is the very long-term growth of the stock market bound by aggregate net income? | I am a believer in that theory. My opinion is that over the long term, we can expect 25% of income to reflect the payment on one's mortgage, and if you drew a line over time reflecting the mortgage this represents plus the downpayment, you'd be very close to a median home price. The bubble that occurred was real, but n... |
What does it mean to long convexity of options? | Long convexity is achieved by owning long dated low delta options. When a significant move occurs in the underlying the volatility curve will move higher. Instead of a linear relationship between your long position and it's return, you receive a multiple of the linear return. For example: Share price $50 Long 1 (equals... |
What home improvements are tax deductible? | As noted above but with sources An improvement materially adds to the value of your home, considerably prolongs its useful life, or adapts it to new uses. You must add the cost of any improvements to the basis of your home. You cannot deduct these costs. Source Page 11, Adjusted Basis, Improvements Second, A re... |
Is this investment opportunity problematic? | Adding to what others have said, if the mortgage for the new house is backed by the federal government (e.g., through FHA or is to be sold to Fannie Mae/Freddie Mac) you would be violating 18 USC § 1001, which makes making intentionally false statements to any agent or branch of the federal government a crime punishabl... |
Figuring flood insurance into financing cost | We recently had a sump pump fail during a rainy weekend. Never had more than an inch or so of water on the floor. Total cost to remove the water, dry out the basement, and repair the damage to the paneling and wallboard: more than $7,000 plus the new sump pump. We are not in a flood zone. In a flood zone the cost of ... |
Do individual stocks have futures trading | There's a market for single stock futures. The market (however small) is OneChicago, "an Equity Finance Exchange offering security futures products." I don't know how easy access is for retail investors. |
Why do financial institutions charge so much to convert currency? | All institutions, financial or otherwise, seek to maximize profits. In a free market, each bank would price its services to be competitive with the current state of the market. Since the currency conversion fee is generally a small part of the decision as to which bank to choose, banks can be non-competitive in this ar... |
what would you do with $100K saving? | I would buy an ETF (or maybe a couple) in stable, blue chip companies with a decent yield (~3%) and then I'd play a conservative covered call strategy on the stock selling a new position about once a month. That's just me. |
Didn't apply for credit card but got an application denied letter? | I would keep the letter in a file for follow-up, and I would do what you are already planning to do and wait to see what shows up on the credit report. If this does reflect an identity theft attempt, chances are that others will follow, so vigilance is key here. If there is a hard credit check, then you can dispute tha... |
How can I get a mortgage I can't afford? | Honestly I would look for a house you can afford and one that is below the maximum amount of what they are willing to lend you. The reason is owning a house is not a quick loan that you can pay off in a year or two (unless you're rich then I would question why are you even bothering with a loan). This is a long term c... |
In what cases can a business refuse to take cash? | A business can refuse cash (paper currency) payment pretty much in all cases provided it's a reasonable policy and/or notified during/in advance of contracting. Details in this link. "all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, howe... |
Are there cons to paying monthly bills with a rewards card and then paying it off monthly? | Some accounts, such as my electric, and payments to the tax collector charge a significant enough fee that is counter productive to use a rewards card. One example of this is Alligent Air. They give you a $6 discount if you pay with a debit card which was about 5% of the ticket price. Anytime you borrow money, even a... |
VAT & Tax implications of selling software | Not sure where the confusion is coming from - software/digital/intangible goods are just like any other product, with regard to VAT. Turns out it's being made complicated by HMRC... Anyone would think they enjoy making everyone who collects tax for free on their behalf a crook! You charge customers everywhere in the EU... |
Should I sell my stocks when the stock hits a 52-week high in order to “Buy Low, Sell High”? | Though it seems unintuitive, you should rationally ignore the past performance of this stock (including the fact that it's at its 52-week high) and focus exclusively on factors that you believe should affect it moving forward. If you think it's going to go up even further, more than the return on your other options f... |
How long do you have to live somewhere to be a resident for tax purposes? | It's not so much about time but about intent. If your intent is to move there permanently, it would be when you arrive in the state for the purposes of living there (i.e. not from a while before that when you went to check a place out or for an interview). I believe that most (if not all) states expect you to get a D... |
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). ... |
When should I start saving/investing for my retirement? | Here's a good strategy: Open up a Roth IRA at a discount-broker, like TD Ameritrade, invest in no-fee ETF's, tracking an Index, with very low expense ratios (look for around .15%) This way, you won't pay brokers fees whenever you buy shares, and shares are cheap enough to buy casually. This is a good way to start. When... |
Deposit a cheque in an alternative name into a personal bank account (Australia) | You actually don't have to open a business account with your bank, you can have a personal account with the bank and have your business funds go into it, whether it be from cheques or from Eftpos\Credit Card Facilities. You just have to get your customers to make the cheque out under your name (the same name used for y... |
What is the economic explanation for the high cost of weddings? | There is the price they want and the price you pay. Everything is negotiable when its a service (always possible, but usually harder with actual "goods"). You should always haggle and price match your vendors. You can also try going to different vendors and not telling them its for a wedding and see if there really is ... |
Warren and it's investments [duplicate] | If I were in your shoes I would concentrate now on investing in yourself. Your greatest wealth building tool is your income. Going to school is great, make sure you can finish. Also is there additional coursework you can obtain that might help boost your salary? I would look for course in the following areas that m... |
Do I need to own all the funds my target-date funds owns to mimic it? | Over time, fees are a killer. The $65k is a lot of money, of course, but I'd like to know the fees involved. Are you doubling from 1 to 2%? if so, I'd rethink this. Diversification adds value, I agree, but 2%/yr? A very low cost S&P fund will be about .10%, others may go a bit higher. There's little magic in creating ... |
Unable to understand logic behind why there is no exit load on liquid fund | Imagine that a fund had a large exit load that declined over several years. If you wanted to sell some or all of your investment in that fund you would face a large fee, unless you held it a long time. You would be hesitant to sell because waiting longer would save you money. That is the exact opposite of a liquid inve... |
Can a bank hold my deposit on a closed account? | What I'm reading is that they subtracted the $85 you owe them and they're cutting you a cashier's check for the rest. Ethically speaking, you owed them the money, they subtracted it and made you a check for the rest. Once you cash that check, nobody owes anyone anything in this equation. Sounds like they're in the cl... |
How to plan in a budget for those less frequent but mid-range expensive buys? | We have what we call "unallocated savings" that go into a fund for this purpose. We'll also take advantage of "6 months no interest" or similar financing promotions, and direct this savings towards the payments. |
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