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Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Recommended education path for a future individual investor? | My plan is that one day I can become free of the modern day monetary burdens that most adults carry with them and I can enjoy a short life without these troubles on my mind. If your objective is to achieve financial independence, and to be able to retire early from the workforce, that's a path that has been explored be... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Recommended education path for a future individual investor? | It depends on whether you want a career as a fund manager/ analyst or if you want to be an investor/ trader. A fund manager will have many constraints that a private investor doesn’t have, as they are managing other people’s money. If they do invest their own money as well they usually would invest it differently from... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Investing in low cost index fund — does the timing matter? | If you're worried about investing all at once, you can deploy your starting chunk of cash gradually by investing a bit of it each month, quarter, etc. (dollar-cost averaging). The financial merits and demerits of this have been debated, but it is unlikely to lose you a lot of money, and if it has the psychological ben... |
Share your insights or perspective on the financial matter presented in the input. | Investing in low cost index fund — does the timing matter? | Yes timing does matter. Using a simple Rate of Change indicator over the past 100 days and smoothed out with a 50 day Moving Average, I have plotted the S&P 500 since the start of 2007. The idea is to buy when the ROC indicator crosses above the zero line and sell when the ROC indicator crosses below the zero line. I ... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Investing in low cost index fund — does the timing matter? | When you start investing makes a very large difference to the outcome, but that is on the time scale of what generation you were born into, not what week you choose to open your 401(k). As you note in your last sentence, there is nothing that you can do about this, so there is no point in worrying about it. If you cou... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Investing in low cost index fund — does the timing matter? | A much less verbose answer is. Don't worry about buying low. You have a whole lifetime to dollar cost average your retirement dollars. |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Is it legal for a landlord to report a large payment to a tenant using Form 1099? | I believe it's not only legal, but correct and required. A 1099 is how a business reports payments to others, and they're required by the IRS to send them for payments of $600 or more (for miscalleneous payments like this). The payment is an expense to the landlord and income to you, and the 1099 is how that's document... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Is it legal for a landlord to report a large payment to a tenant using Form 1099? | It is legal. They're probably going to give you a 1099-MISC, which is required of businesses for many cash payments over $600 in value to all sorts of counterparties. (Probably box 3 of 1099-MISC as is typical in "cash for keys" situations where one is paid to vacate early) A 1099-MISC is not necessarily pure incom... |
Share your insights or perspective on the financial matter presented in the input. | Can a car company refuse to give me a copy of my contract or balance details? | The comments are getting too much, but to verify that you are not insane, you are being bullied. It sounds like this is a sub-prime loan, of which you are wisely trying to get out of. It also sounds like they are doing everything in their power to prevent you from doing so. For them you are a very profitable custome... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Can a car company refuse to give me a copy of my contract or balance details? | You won't be able to sell the car with a lien outstanding on it, and whoever the lender is, they're almost certain to have a lien on the car. You would have to pay the car off first and obtain a clear title, then you could sell it. When you took out the loan, did you not receive a copy of the finance contract? I can'... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Can a car company refuse to give me a copy of my contract or balance details? | Phone conversations are useless if the company is uncooperative, you must take it into the written word so it can be documented. Sent them certified letters and keep copies of everything you send and any written responses from the company. This is how you will get actual action. |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Can a car company refuse to give me a copy of my contract or balance details? | The advice above is generally good, but the one catch I haven't seen addressed is which specific laws apply. You said that you are in Arkansas, but the dealer is in Texas. This means that the laws of at least two different states are in play, possibly three if the contract contains a clause stating that disputes will... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Can a car company refuse to give me a copy of my contract or balance details? | No, they cannot refuse to provide you with the current balance or a balance history. The other answers point you to resources that are available to help you put pressure on the dealership. The bottom line is that you now know that you have the right to the details and to audit their recording of the transactions. You s... |
Share your insights or perspective on the financial matter presented in the input. | Tips for insurance coverage for one-man-teams | While the OP disses the health insurance coverage offered through his wife's employer as a complete rip-off, one advantage of such coverage is that, if set up right (by the employer), the premiums can be paid for through pre-tax dollars instead of post-tax dollars. On the other hand, Health insurance premiums cannot b... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Tips for insurance coverage for one-man-teams | Like most forms of insurance, health insurance is regulated at the state level. So what is available to you will depend greatly upon which state you live in. You can probably find a list of insurance companies from your state's official website. Many states now provide "insurance of last resort" for individuals who can... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Primerica: All it claims to be? | Primerica's primary value proposition is that switching from whole or universal life to term life, and investing the difference is a good idea for most people. However, there are a number of other important factors to consider when purchasing life insurance, and I would also be wary of anyone claiming that one product ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Primerica: All it claims to be? | Probably not, though there are a few things to be said for understanding what you are doing here. Primerica acts as an independent financial services firm and thus has various partners that specialize in various financial instruments and thus there may exist other firms that Primerica doesn't use that could offer bett... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Primerica: All it claims to be? | I was a Primerica representative, left to be on my own, and then returned. Insurance is one matter that depends on the individual. Some do not need it. For example, when I was an independent agent with an independent marketing organization (IMO) (oh yes! multi-level is everywhere, dont kid yourself) I had an upline as... |
Share your insights or perspective on the financial matter presented in the input. | Do retailers ever stock goods just to make other goods sell better? | There's a concept in retail called a "loss leader", and essentially it means that a store will sell an item intentionally at a loss as a way of bringing in business in the hope that while consumers are in the store taking advantage of the discounted item, they'll make other purchases to make up for the loss and generat... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Do retailers ever stock goods just to make other goods sell better? | They may stock items that frame the various price points. Of course they risk having the items go stale before they are sold. You also have situations where the store will advertise an item, but end up taking a loss on that sale because it will bring people in, and they will make other purchases. Determining what to st... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Do retailers ever stock goods just to make other goods sell better? | That happens all the time. The best situation for this to happen is when you have several products, each a bit better and a bit more expensive than the other, and you add a new product which is the cheapest. That gets people into the store to look at the cheapest product, and then you show the the next more expensive w... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Do retailers ever stock goods just to make other goods sell better? | Use of this is demonstrated in this video: https://youtu.be/Ip5jG3djdyk Stocking products that you have no intention of selling can be used to make other products look more appealing by comparison. It's more psychological than anything but it isn't an uncommon practice. |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Which dividend bearing stock should be chosen by price? | Don't ever quantify a stock's preference/performance just based on the dividend it is paying out Volatility defined by movements in the the stock's price, affected by factors embedded in the stock e.g. the corporation, the business it is in, the economy, the management etc etc. Apple wasn't paying dividends but people ... |
Share your insights or perspective on the financial matter presented in the input. | Which dividend bearing stock should be chosen by price? | Price doesn't mean anything. Price is simply total value (market capitalization) divided by number of shares. Make sure you consider historical dividends when hunting for big yields. It's very possible that the data you're pulling is only the annualized yield on the most recent dividend payment. Typically dividends a... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Which dividend bearing stock should be chosen by price? | A 20% dividend yield in most companies would make me very suspicious. Most dividend yields are in the 2-3% range right now and a 20% yield would make me worry that the company was in trouble, the stock price had crashed and the dividend was going to be cut, the company was going to go out of business or both. |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Which dividend bearing stock should be chosen by price? | In the scenario you describe, the first thing I would look at would be liquidity. In other words, how easy is it to buy and sell shares. If the average daily volume of one share is low compared to the average daily volume of the other, then the more actively traded share would be the more attractive. Low volume shar... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Does a US LLC need to file taxes if owned by a foreign citizen? | First, yes, your LLC has to file annual taxes to the US government. All US companies do, regardless of where their owners live. Second, you will also probably be liable to personally file a return in the US and unless the US has a tax treaty with India (which I don't believe it does) you may end up paying taxes on yo... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Does a US LLC need to file taxes if owned by a foreign citizen? | An LLC does not pay taxes on profits. As regards tax a LLC is treated as a Partnership, but instead of partners they are called members. The LLC is a passthrough entity. As in Partnerships members can have a different percentage ownership to the share of profits. The LLC reports the share of the profits of the members.... |
Share your insights or perspective on the financial matter presented in the input. | Does a US LLC need to file taxes if owned by a foreign citizen? | There is no such thing as double taxation. If you pay tax in the US, you CAN claim tax credits from India tax authority. For example, if you pay 100 tax in USA and your tax liability in India is 200, then you will only pay 100 (200 India tax liability minus 100 tax credits on foreign tax paid in the USA). This is alw... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | What does ES1 refer to in this picture? | ES1 is the Bloomberg symbol for the CME E-mini S&P 500 front-month continuous contract. ES2, ES3, etc. will likewise yield the 2nd and 3rd months. Which exact futures contract this symbol refers to will change about once a month. |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | What does ES1 refer to in this picture? | That looks like a Bloomberg terminal. And like @Jer said, it would appear to be the symbol for the S&P 500 E-mini index future. Although it doesn't look right all on its own, as it should have a modifier indicating the month (or quarter) of expiry. However, since it appears on a Bloomberg terminal in the image, I check... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | What does ES1 refer to in this picture? | That looks very much like an S&P 500 E-Mini index future. However, ES1 is a strange symbol. Futures have the month of expiry encoded in their symbol as well: http://commodities.about.com/od/understandingthebasics/ss/futurescontract_3.htm For example, the September 2011 future in this series would be ESU1. I'm not ve... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? | They don't actually need to. They accept deposits for historical reasons and because they make money doing so, but there's nothing key to their business that requires them to do so. Here's a decent summary, but I'll explain in great detail below. By making loans, banks create money. This is what we mean when we say the... |
Share your insights or perspective on the financial matter presented in the input. | Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? | borrow money from the Central Bank Wrong premise. They cannot borrow as much as they want and they cannot borrow without collateral i.e. government debt instruments they hold or any other instrument with value. And banks don’t have unlimited collateral to borrow against. Secondly central banks aren’t in the business ... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? | Banks cannot just borrow from the Federal Reserve and use that money to make loans. The first thing you need to understand is how fractional reserve banking works. The banks can make loans with money that their customers have deposited in their accounts. The interest and fees from those loans go to pay the salaries of ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? | Borrowing money from the Federal Reserve (or other central banks) requires full collateral, generally in terms of treasury bonds. In that sense it is only a source of liquidity - getting short term money by pledging guaranteed future cash flows, not random commercial loans. To get a dollar from FR today requires freezi... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? | They don't need to accept deposits from normal persons, but that's how they make lots of money. Banks make money off the fees they charge retailers when those folks swipe their debit cards at the retailer. It's their bread and butter. In order to facilitate you accruing swipe fees for them, they need to allow you to... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? | Let's just focus on the "why would a bank need to accept deposits from private clients part" and forget the central bank for a moment. I'm a guy. I have a wife and two kids. They have this pesky habit of wanting to buy stuff. When I get paid, I could just get a check, cash it, stuff it under a mattress, and pull it out... |
Share your insights or perspective on the financial matter presented in the input. | Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? | Central Banks are essentially a cartel, designed to let banks in general borrow money from depositors at relatively low interest rates. They do this in two ways: By reassuring depositors that momentary cash flow problems at banks will not result in banks failing, they lower the interest rates that depositors demand. ... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Can a credit card company raise my rates for making a large payment? | No. That's pretty unlikely. Card issuers typically base your rate on your credit score. Paying down debt reduces your percent of available credit used, and improves your score until you are in the 1-20% range. That's optimum. To this issuer, you are one of a million customers, there's no emotion in this, just numbers t... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Can a credit card company raise my rates for making a large payment? | Short answer: No, not normally. Long Answer: It depends on the contract. If the 14% is some sort of special offer, with conditions, then if you violate those conditions, they can jack you up to whatever the 'normal' rate is. But outside of that condition, I can't see any reason why they would wish to penalize you fo... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Can a credit card company raise my rates for making a large payment? | No. Credit card companies will typically not care about your individual credit card account. Instead they look either at a "package" of card accounts opened at roughly the same time, or of "slices" of cardholder accounts by credit rating. If an entire package's or slice's balance drops significantly, they'll take a loo... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | What tax advantage should I keep an eye for if I am going to relocate? | Look for states that have no income tax. A lot of these states supplement their revenue with higher property taxes, but if you rent and do not own property in the state, then you will have no state tax liability. Similarly, many states treat capital gains no differently than income tax, so if you make your earnings due... |
Share your insights or perspective on the financial matter presented in the input. | What tax advantage should I keep an eye for if I am going to relocate? | Depends. If you can choose where to relocate to, then I second the "no income tax" states. But even of these chose wisely, some have no income taxes at all, others have taxes on some kinds of income. Some don't have neither individual nor corporate taxes, some tax businesses in some ways. Some compensate with higher pr... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | What determines a tax resident in Florida | Plenty of retired people do stay in the US for longer than 60 days and don't pay taxes. In this IRS document 60 days stay appears to be the test for having a 'substantial presence' in the US, which is part of the test for determining residency. However the following is also written: Even if you meet the substantial pre... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | What determines a tax resident in Florida | I think the 60 days/year come from the IRS tax residency determination, which isn't a Florida law but applies to all the states. Have a look at the "substantial presence" paragraph to see where the 60 days are coming from. |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | At what point does it become worth it to file an insurance claim? | An article linked from cnn.com has some great advice, which I think are good rules of thumb. Also, at least my insurance gives a premium price for those who haven't filed a claim in 5 or more years for homeowners or rental insurance. See if you have a similar discount, will loose it, and guess how much that will cost y... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | At what point does it become worth it to file an insurance claim? | At what point can you not afford the repair, and how will that repair affect your home? In your scenario, you would be claiming $1, which I could agree is universally bad. A good tip is to raise the deductible to the point you feel you can cover on your own so you aren't tempted. (It would lower your premium too) This... |
Share your insights or perspective on the financial matter presented in the input. | At what point does it become worth it to file an insurance claim? | We learned the hard way on this one. First, our area was hit with what was called an "inland hurricane" where we forced to file a claim as our home received extensive damage. Within the same year, we also incurred an electrical surge which took out our older big screen tv (one of those big monstrosities that sits on... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Do US banks exchange info with countries abroad? | Banks do not report transactions within accounts except as required by law, usually as part of anti-money-laundering efforts. Generally those involve tracking large cash transactions. As far as large payments go, there are two reasons they might be reported to the government: taxes, and criminal investigations. For tax... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | I want to invest in Gold. Where do I go and buy it? | Without getting into whether you should invest in Gold or Not ... 1.Where do I go and make this purchase. I would like to get the best possible price. If you are talking about Physical Gold then Banks, Leading Jewelry store in your city. Other options are buying Gold Mutual Fund or ETF from leading fund houses. 2.How d... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | I want to invest in Gold. Where do I go and buy it? | I do not know anything about retail investing in India, since I am in the US. However, there are a couple of general things to keep in mind about gold that should be largely independent of country. First, gold is not an investment. Aside from a few industrial uses, it has no productive value. It is, at best, a hedge ag... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | I want to invest in Gold. Where do I go and buy it? | You can buy from any of the well known jewelry shops. Or you can even buy it from banks. For a 24carat gold purchase, you would normally also get a certificate attesting the quality of the gold item. Also while selling your gold, you can sell to above mentioned jewellers or any decent jeweller as a matter of fact. |
Share your insights or perspective on the financial matter presented in the input. | Why are credit cards preferred in the US? | There are several reasons why credit cards are popular in the US: On the other hand, debit cards do not have any of these going for them. A debit card doesn't make much money for the bank unless you overdraw or something, so banks don't have incentive to push you to use them as much. As a result they don't offer rewa... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | 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... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Why are credit cards preferred in the US? | There are two things I can think of that might be different in other countries: Until 2013, American Express, Visa and MasterCard prevented businesses from charging extra for credit card usage, and credit card surcharges still illegal in several states. Since credit card companies add a surcharge to credit card purchas... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Why are credit cards preferred in the US? | Your question is based on a false premise. Debit cards are more popular in the US than credit cards are. Indeed it seems to be the non-US part of the world that is big in credit cards. See here for example |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Why are credit cards preferred in the US? | Personally, I use my credit cards for everything because I get reward points (or, cash back, depending on the card), and I build credit history. I've had credit cards since I was 18 (now 22), and my credit score is in the higher end 700s which I'm told is pretty good for my age. Additionally, since I put my rent and la... |
Share your insights or perspective on the financial matter presented in the input. | Why are credit cards preferred in the US? | nan |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Why are credit cards preferred in the US? | The real reason credit cards are so popular in the US is that Americans are lazy and broke, and the credit card companies know how to market to that. Have you ever heard of the $30k millionaires? These were individuals that purchased as if they were some of the wealthy elite, but had no real money to back it up. Ameri... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Why are credit cards preferred in the US? | Credit card fraud protection (by law), credit card cash back programs (provided by most CC issuers), and debit card fees (commonly imposed by the merchant). The crux is that with CC transactions, a small percentage is remitted to the issuing bank. Since the banks are already making money hand over fist on CC's, they i... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Does it make sense to take out student loans to start an IRA? | Depending on the student loan, this may be improper usage of the funds. I know the federal loans I received years ago were to be used for education related expenses only. I would imagine most, if not all, student loans would have the same restrictions. Bonus Answer: You must have earned income to contribute to an IRA... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Does it make sense to take out student loans to start an IRA? | IRA contributions are limited; you cannot "dump the excess into a retirement account like an IRA" if the excess is more than $5500. Furthermore, as @firefly points out, you need to have earned income (technical term is compensation and it includes self-employment income, not just wages) to contribute to an IRA, and the... |
Share your insights or perspective on the financial matter presented in the input. | Does it make sense to take out student loans to start an IRA? | I will split my answer in a few sections... Note: I will not address the legal aspect of the question. If you can or not use Federal money to invest. 1st - Investments with Student Loan 2nd - IRA as the Instrument I hope this helps! |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Does it make sense to take out student loans to start an IRA? | I'd check the terms of the student loan. It's been a long time since I had a student loan, but when I did it had restrictions that it could only be used for educational expenses, which they pretty clear spelled out meant tuition, books, lab fees, I think some provision for living expenses. If your student loan is subsi... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Are index trackers subject to insolvency risk? | The Financial Services Compensation Scheme says: Investments FSCS provides protection if an authorised investment firm is unable to pay claims against it. For example: for loss arising from bad investment advice, poor investment management or misrepresentation; when an authorised investment firm goes out of business ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Confused about employee stock options: How do I afford these? | ISOs (incentive stock options) can be closed out in a cashless transaction. Say the first round vests, 25,000 shares. The stock is worth $7 but your option is to buy at $5 as you say. The broker executes and sells, you get $50,000, with no up front money. Edit based on comment below - you know they vest over 4 years, ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Confused about employee stock options: How do I afford these? | I've been offered a package that includes 100k stock options at 5 dollars a share. They vest over 4 years at 25% a year. Does this mean that at the end of the first year, I'm supposed to pay for 25,000 shares? Wouldn't this cost me 125,000 dollars? I don't have this kind of money. At the end of the first year, you will... |
Share your insights or perspective on the financial matter presented in the input. | Confused about employee stock options: How do I afford these? | nan |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Confused about employee stock options: How do I afford these? | Stock options represent an option to buy a share at a given price. What you have been offered is the option to buy the company share at a given price ($5) starting a given date (your golden handcuffs aka vesting schedule). If the company's value doubles in 1 year and the shares are liquid (i.e. you can sell them) then... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Confused about employee stock options: How do I afford these? | the short answer is: No. you do not HAVE to pay $125,000.00 at the end of your first year. that is only the amount IF you decide to exercise. *fine print: But if you leave or get let go (which happens quite frequently at top tier Silicon Valley firms), you lose anything that you don't exercise. you're basically chaine... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | When's 0% financing the least costly (best) option? | A Lease is an entirely different way of getting a car. In two situations it makes sense, in all other scenarios it generally doesn't make sense to lease. In the case of always wanting a new car every 2 or 3 years it can make sense to lease. Of course if you drive more the allowed miles you will pay extra at the end of ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | England: Alternative to Student Finance | Since you're also looking for alternative means of funding, have you considered doing part-time work -- during the holidays or on some of the weekends? With this kind of financing you have to watch out that the work does not interfere with your study. On the other hand it can be valuable work experience that can come i... |
Share your insights or perspective on the financial matter presented in the input. | How can I find a checking account that allows for automated transfers of dynamic amounts? | Almost any financial institution has the technical ability to do this (simply called sweeps, auto sweeps, or deposit sweeps); the issue you face is finding an institution that is willing to do it for you. I think you will have the most luck at your primary financial institution where you currently keep the majority of... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | How do third-party banks issue car loans? | I have gotten a letter of credit from my credit union stating the maximum amount I can finance. Of course I don't show the dealer the letter until after we have finalized the deal. I Then return in 3 business days with a cashiers check for the purchase price. In one case since the letter was for an amount greater the... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | How do third-party banks issue car loans? | I have had it two way now: I got pre-approval from my credit union which just so happened to be one of the bigger vehicle lenders in the metro area. What I found out was that the dealership (which was one of the bigger ones in the metro area) had a computer system that looked up my deal with the credit union. Basicall... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Ordering From UK to Base Overseas - VAT exempt? | If you are an UK citizen and resident, then no. If you are an EU resident or non-EU resident then yes, but there are conditions. Source You can sometimes get VAT refunds on goods bought in the UK if you: You can’t get a VAT refund for: As bringing a laptop PCSpecialist is an online sale(I bought my desktop from them), ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Where can I trade FX spot options, other than saxobank.com? | If you have a big pocket there are quite a few.. not sure if they take us clients though. Vcap, Barclays, Icap, Fixi, Fc Stone, Ikon.. Then there are probably a few banks that have x options also but i don't know if a private investor can trade them. A few im not sure if they have fx options or if they are "good": GFTF... |
Share your insights or perspective on the financial matter presented in the input. | Where can I trade FX spot options, other than saxobank.com? | Oanda.com trades spot forex and something they call box options, it's not quite what you are looking for, but maybe worth looking up. |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Where can I trade FX spot options, other than saxobank.com? | Have you looked at ThinkorSwim, which is now part of TD Ameritrade? Because of their new owner, you'll certainly be accepted as a US customer and the support will likely be responsive. They are certainly pushing webinars and learning resources around the ThinkorSwim platform. At the least you can start a Live Help sess... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Where can I trade FX spot options, other than saxobank.com? | You can trade currency ETF options on IB. It is SIPC insured; the options are just like vanilla options in Saxo. |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Where can I trade FX spot options, other than saxobank.com? | To other users save yourselves time, do not test any of the alternatives mentioned in this post. I have, to no avail. At the moment (nov/2013) Saxobank unfortunately seems to be the only broker who offers OTC (over-the counter) FX options trading to Retail Investors. In other words, it is the only alternative for those... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Vanguard ETF vs mutual fund | See my comment for some discussion of why one might choose an identical fund over an ETF. As to why someone would choose the higher cost fund in this instance ... The Admiral Shares version of the fund (VFIAX) has the same expense ratio as the ETF but has a minimum investment of $10K. Some investors may want to event... |
Share your insights or perspective on the financial matter presented in the input. | Vanguard ETF vs mutual fund | Where are you planning on buying this ETF? I'm guessing it's directly through Vanguard? If so, that's likely your first reason - the majority of brokerage accounts charge a commission per trade for ETFs (and equities) but not for mutual funds. Another reason is that people who work in the financial industry (broker... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Vanguard ETF vs mutual fund | One reason is that it is not possible (at Vanguard and at many other brokerages) to auto-invest into ETFs. Because the ETF trades like a stock, you typically must buy a whole number of shares. This makes it difficult to do auto-investing where you invest, say, a fixed dollar amount each month. If you're investing $1... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Bait-and-switch on new car lease | Within some limitations, the dealer is allowed to approve or deny lending to anyone that it chooses. Those constraints are the basics that you'd expect for any regulation in the US: Race Religion Nationality Sex Marital Status Age Source of income You can read more about them in this leaflet from the FDIC's Fair Len... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Bait-and-switch on new car lease | I strongly discourage leasing (or loans, but at least you own the car at the end of it) in any situation. it's just a bad deal, but that doesn't answer your question. Most new cars are "loss leaders" for dealerships. It's too easy to know what their costs are these days, so they make most of their money though financ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Calculation, timing, and taxes related to profit distribution of an S-corp? | We will bill our clients periodically and will get paid monthly. Who are "we"? If you're not employed - you're not the one doing the work or billing the client. Would IRS care about this or this should be something written in the policy of our company. For example: "Every two months profits get divided 50/50" They ... |
Share your insights or perspective on the financial matter presented in the input. | Calculation, timing, and taxes related to profit distribution of an S-corp? | It's whatever you decide. Taking money out of an S-Corp via distribution isn't a taxable event. Practically speaking, yes, you should make sure you have enough money to afford the distribution after paying your expenses, lest you have to put money back a few days later in to pay the phone bill. You might not want to di... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Why do cash back credit cards give a higher rate for dining and gasoline purchases? | These two categories ensure you will carry the card in your wallet (since they only work for physical locations), but don't tend to have excessive spending (most people maxing out at $200 or so per month, so $2 for the bonus). You then use the same card for other purchases, because you have it on you, where you only g... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Why do cash back credit cards give a higher rate for dining and gasoline purchases? | I am not sure but probably it depends upon the cut the credit card company receives from the merchant. For Hotels such as dining etc. the cut could be more. Again, periodically, many merchants join with the card company to launch promotions. It could be part of such promotions. Apart from class of merchants, these poin... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Why do cash back credit cards give a higher rate for dining and gasoline purchases? | Don't really know but I can guess. Firstly, everyone thinks the price of gas is too high. You drive to work every day, and gas is basically the only product who's price is advertised from the street! From that perspective. So mentally, I argue, we overvalue an extra 1 percent discount on gas. It's only worth maybe 60 c... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Does Edmunds get a kick-back from the use of Edmunds Price Promise? | Yes, Edmunds gets money from the dealerships in this program. According to this USA Today article from 2013, dealers pay Edmunds a monthly fee to participate in the program. This contrasts with TrueCar.com, a similar service, where dealers pay a fee for each sale. And yes, it is certainly possible to negotiate a lower... |
Share your insights or perspective on the financial matter presented in the input. | Is it better to buy this used car from Craigslist or from a dealership? | I do not think you are missing much. One thing you have right is low cost cars depreciate almost nothing. One thing you are missing is your satisfaction index. Driving a 200K car for 4 years requires a bit of motivation when your friends are driving new cars. Typically you need a larger goal to keep you focused. T... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Is it better to buy this used car from Craigslist or from a dealership? | The 200K vehicle is likely the better deal. Get your own mechanic to check it out. If it doesn't have major issues, it will likely cost you less. Why? Because you've wisely included $6000 in expected maintenance. Yet it has the possibility of not needing more than $500 of maintenance during the 4 years you plan on ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Is it better to buy this used car from Craigslist or from a dealership? | I agree with the previous comments one thing that got brought up a while back when I was looking into purchasing a Prius was the battery replacement, someone once told me it was very expensive in the event it failed and needed to be changed, I'm not talking about the 12 volt but the big nickel metal hydride one. Anothe... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Is it better to buy this used car from Craigslist or from a dealership? | You seem to be on the right track. I feel, though, that it's worth addressing your maintenance budget. Even if both cars described in your question are from the same model year, one has been in service 2x more; one car has been on the road, in weather, twice as much as the other. I'm not sure what's being represente... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Escrow Removal Fee? | Assume they do not overwithhold. You pay in $500/mo, and every time it hits $3000, they pay the tax. Engineers call this a sawtooth function, it looks like this. The average balance is not $3000, but close to $1500. The very simple math is $1500 * rate * years. It looks like your equation except it's not 58, it's jus... |
Share your insights or perspective on the financial matter presented in the input. | Escrow Removal Fee? | Consider that the bank of course makes money on the money in your escrow. It is nothing but a free loan you give the bank, and the official reasons why they want it are mostly BS - they want your free loan, nothing else. As a consequence, to let you out of it, they want the money they now cannot make on your money upfr... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | United States Treasury Not Endorsing Checks | 1.Why is there no "United States Treasury" endorsement? Why should there be, and what do you think it would look like? Some person at Treasury sitting at a desk all day signing "Uncle Sam"? At most you would expect to see some stamp, because it's clear that no person is going to sign all of these checks. 2.Can I have t... |
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