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Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Health insurance lapsed due to employer fraud. How to get medications while in transition? | Check with the manufacturer of the name brand medication. Most of them have programs to help people who need their medication but can not afford it. They may be able to send you coupons for discounted or free medication. You can go to a free clinic. If your income is low enough the free clinic will provide medicine... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Health insurance lapsed due to employer fraud. How to get medications while in transition? | Your doctor may also have free samples available. You could call, explain your situtation and ask to see if they have any free samples. |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | In what circumstances will a bank waive the annual credit card fee? | See if the bank has other credit cards they offer. Many banks have multiple ones: some cards have great benefits, others do not; some cards have high rates, some do not; some cards are secured, some do not. If they have a card that you like ask them to switch you to the card you want. They should be able to do so very... |
Share your insights or perspective on the financial matter presented in the input. | How to calculate cash loss over time? | If inflation is at 2% per annum, in a year you would need £102 to buy equivalent goods to what you could buy today. So if you keep your money in a drawer the buying power of your £100 in a year will be only 100/102 = 98.039% of what it is currently. |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | How to calculate cash loss over time? | While it is a true loss, as you've determined, is not a cash cost, per se. A cash cost would be a decrease in cash holdings. Inflation does not take your cash balance; it devalues it, so it is an accrued loss. Central banks are extremely lazy in determining inflation, so the highest resolution available at a public le... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | How to calculate cash loss over time? | It helps to put the numbers in terms of an asset. Say a bottle of wine costs 10 dollars, but the price rises to 20 dollars a year later. The price has risen 100%, and your dollars have lost value. Whereas your ten used to be worth 100% of the price of bottle of wine, they now are worth 50% of the risen price of a bottl... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | How to calculate cash loss over time? | There are two things you need to keep in mind when you look at Inflation as an entity. Inflation is necessary to keep in check the value of goods. As per Moore's Law for example, a mobile phone that you buy for £100 today will be available for £50 in two years. With increased purchasing power, one needs to maintain bal... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | How to realize capital gains before going from non-resident alien to resident alien in USA | Is this possible and will it have the intended effect? From the US tax perspective, it most definitely is and will. Is my plan not very similar to Wash Sale? Yes, except that wash sale rules apply for losses, not gains. In any case, since you're not a US tax resident, the US wash sale rules won't apply to you. |
Share your insights or perspective on the financial matter presented in the input. | How to realize capital gains before going from non-resident alien to resident alien in USA | This will work as intended, but there's another point to consider. In the US, the tax rate on proceeds from stock sales is higher for short term holdings, which are defined as held for less than one year. Both rates vary based on your income. Bracket numbers are for fiscal year 2014, filing as single. The difference be... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | No-line-of-credit debit card? | This arrangement might be a bit of a pain, but what about Visa gift card(s)? The transfer of money just doesn't happen if the money isn't already on the card. See here. |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | No-line-of-credit debit card? | We have a pre-paid mastercard. This will only allow the spending up to the amount already paid into the card account. Visa Electron is a bank account linked debit card that will not allow the account to go overdrawn but this card type is getting quite rare. |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | No-line-of-credit debit card? | I think what you are looking for is a secured credit card. They are mostly used by people who have ruined their credit and want to rebuild it, but it might also serve your purpose. Essentially you deposit some money in an account and the credit card can be used up to the amount left in the account. Each month when you... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | No-line-of-credit debit card? | Having worked at a financial institution, this is a somewhat simple, two-part solution. 1) The lendor/vendor/financial institution simply turns off the overdraft protection in all its forms. If no funds are available at a pin-presented transaction, the payment is simply declined. No fee, no overdraft, no mess. 2) This ... |
Share your insights or perspective on the financial matter presented in the input. | ETF's for early retirement strategy | I think the dividend fund may not be what youre looking for. You mentioned you want growth, not income. But I think of dividend stocks as income stocks, not growth. They pay a dividend because these are established companies that do not need to invest so much in capex anymore, so they return it to shareholders. In othe... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | ETF's for early retirement strategy | This is the chart going back to the first full year of this fund. To answer your question - yes, a low cost ETF or Mutual fund is fine. Why not go right to an S&P index? VOO has a .05% expense. Why attracted you to a choice that lagged the S&P by $18,000 over this 21 year period? (And yes, past performance, yada, yad... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | ETF's for early retirement strategy | If your intention is to purchase ETFs on a regular basis (like $x per month), then ETFs may not make sense. You may have to pay a fixed transaction cost like you were buying a stock for each purchase. In a similar no load mutual fund, there are more likely to be no transaction costs (depending on how it is bought). ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Do classes have to pay sales tax on materials used? | In most jurisdictions, both the goods (raw materials) and the service (class) are being "sold" to the customer, who is the end user and thus the sale is subject to sales tax. So, when your friend charges for the class, that $100 is subject to all applicable sales taxes for the jurisdiction and all parent jurisdictions ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Why are interbank payment (settlement) systems closed for weekends and holidays? | The second part of your question is the easiest to answer, how much manual work is involved in settlement processes? Payment systems which handle low value (i.e. high volume) transactions work on the basis of net settlement. Each of the individual payments are netted across all of the participant banks, so that only on... |
Share your insights or perspective on the financial matter presented in the input. | Why are interbank payment (settlement) systems closed for weekends and holidays? | TARGET2 is a high value realtime settlement system across Europe and for this to be open on weekends would mean all the Banks including Central Banks in the Euro Zone work. Quite a few times to manage intra day liquidity, banks borrow from each other, hence there is an active monitering of the liquidity by Banks. The b... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Working as a freelancer overseas, but US Citizen, what is my tax situation? | This person must pay taxes in both the overseas country and in the U.S. This is unusual; generally, only the U.S. demands this. Depending on the specific country, he would likely not be taxed twice as the U.S. generally recognises tax paid in a different country. Note there are some gotchas, though. For example, althou... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | What's the difference between Term and Whole Life insurance? | Whole life insurance accumulates a cash value on a pre-tax basis. With a paid-up policy, you make payments until a particular age (usually 65 or 70), at which point you are insured for the rest of your life or a very old age like 120. You can also access this pool of money via loans while you are still alive, but you r... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | What's the difference between Term and Whole Life insurance? | Whole life is life insurance that lasts your whole life. Seriously. Since the insurance company must make a profit, and since they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower "death" benefits than a term policy. Some of these policies are "paid-up" policie... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | What's the difference between Term and Whole Life insurance? | For most people Term is the way to go. I consider life insurance a necessity not an investment. See this article on SmartMoney. |
Share your insights or perspective on the financial matter presented in the input. | What's the difference between Term and Whole Life insurance? | Just to add to @duffbeer703 comment, additionally, the cash value is NOT part of the death benefit. The policy is intended to grow the cash value to the point where it matches the death benefit and then it 'matures' and you get the cash. My point being, is that since they don't give you both, you are really transferrin... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | What's the difference between Term and Whole Life insurance? | Term life insurance is just that - life insurance that pays out if you die, just like car insurance pays out if you have an accident. Like car insurance, it's easy to compare amongst term life insurance policies - you can even compare quotes online. Whole life insurance is life insurance plus an investment component. ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Why do companies award stock as opposed to cash? | There are a few reasons, dependent on the location of the company. The first, as you mentioned is that it means that the employee is invested in the companies success - in theory this should motivate the employee to work hard in order to increase the value of their holdings. Sometimes these have a vestment period whic... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Should you keep your stocks if you are too late to sell? | In my opinion, the average investor should not be buying individual stocks. One reason why is that the average investor is not capable of reading financial statements and evaluating whether a stock is overpriced or underpriced. As such, they're often tempted to make buy/sell decisions based solely on the current value ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Should you keep your stocks if you are too late to sell? | The price at which a stock was purchased is a sunk cost--that is, you cannot go back in time and reverse the decision you made to purchase that stock. Another example of a sunk cost would be purchasing a non-refundable, non-transferable movie ticket. Sunk costs have the tendency to create a cognitive bias in which we... |
Share your insights or perspective on the financial matter presented in the input. | Should you keep your stocks if you are too late to sell? | Personally, I have been in that situation too often that now I am selling at the first tick down! (not exactly but you get the idea..) I have learned over the years to not fall in love with any stock, and this is a very hard thing to do. Limit your losses and take profit when you are satisfied with them. Nothing preven... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Should you keep your stocks if you are too late to sell? | The stock price is not only based on the general market trend and the stock's current profitability and prospects, but is also based on prediction of how the stock's prospects might change in the future. In almost every case, there are professional investors analysing the stock's future prospects and considering whethe... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Should you keep your stocks if you are too late to sell? | The standard answer on any long term stock is hold on during the rough times. You have not lost anything until you sell. If your concern is just that you are not certain where the stock price is headed, unless you need the money now and can not afford to hold on to the stock then I would hold it. |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Should you keep your stocks if you are too late to sell? | You should distinguish between the price and the value of a company: "Price is what you pay, value is what you get". Price is the share price you pay for one share of the company. Value is what a company is worth (based on fundamental analysis, one of the principles of value investing). I would recommend selling the ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Should you keep your stocks if you are too late to sell? | If the stock starts to go down DO NOT SELL!! My reasoning for this is because, when you talk about the stock market, you haven't actually lost any money until you sell the stock. So if you sell it lower than you bought it, you loose money. BUT if you wait for the stock to go back up again, you will have made money. |
Share your insights or perspective on the financial matter presented in the input. | Are stock prices likely drop off a little bit on a given friday afternoon? | It is called the Monday Effect or the Weekend Effect. There are a number of similar theories including the October Effect and January Effect. It's all pretty much bunk. If there were any truth to traders would be all over it and the resulting market forces would wipe it out. Personally, I think all technical analysis h... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Are stock prices likely drop off a little bit on a given friday afternoon? | There are classes of 'traders' who close their positions out every evening, not just on fridays. But their are other types of businesses who trade shortly before or nearly right at market close with both buys and sells There are lots of theories as to how the market behaves at various times of day, days of the week, ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | How does spot-futures arbitrage work in the gold market? | You're missing the cost-of-carry aspect: The cost of carry or carrying charge is the cost of storing a physical commodity, such as grain or metals, over a period of time. The carrying charge includes insurance, storage and interest on the invested funds as well as other incidental costs. In interest rate futures market... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | How does spot-futures arbitrage work in the gold market? | As proposed: Buy 100 oz of gold at $1240 spot = -$124,000 Sell 1 Aug 2014 Future for $1256 = $125,600 Profit $1,600 Alternative Risk-Free Investment: 1 year CD @ 1% would earn $1240 on $124,000 investment. Rate from ads on www.bankrate.com "Real" Profit All you are really being paid for this trade is the difference bet... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | How will a 1099 work with an existing W-2? | You can do either a 1099 or a W-2. There is no limitations to the number of W-2s one can have in reporting taxes. Problems occur, with the IRS, when one "forgets" to report income. Even if one holds only one job at a time, people typically have more than one W-2 if they change jobs within the year. The W-2 is the si... |
Share your insights or perspective on the financial matter presented in the input. | How will a 1099 work with an existing W-2? | You can have multiple W2 forms on the same tax return. If you are using software, it will have the ability for you to enter additional W2 forms. If you are doing it by paper, just follow the instructions and combine the numbers at the correct place and attach both. Similarly you can also have a 1099 with and without a... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Hedging against Exchange Rate Risk | How can I calculate my currency risk exposure? You own securities that are priced in dollars, so your currency risk is the amount (all else being equal) that your portfolio drops if the dollar depreciates relative to the Euro between now and the time that you plan to cash out your investments. Not all stocks, though, ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Hedging against Exchange Rate Risk | You can calculate your exposure intuitively, by calculating your 'fx sensitivity'. Take your total USD assets, let's assume $50k. Convert to EUR at the current rate, let's assume 1 EUR : 1.1 USD, resulting in 45.5k EUR . If the USD strengthens by 1%, this moves to a rate of ~1.09, resulting in 46k EUR value for the sam... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | If someone gives me cash legally, can my deposit trigger an audit for them? | Am I right to worry about both of these? Of course. Who carries $75K in cash for no good reason? Your friend got the cash from somewhere, didn't he? If its legit - there's paper trail to show. Same for your parents. If you/they can show the legit paper trail - there's nothing to worry about, the hassle, at worse, is a ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | If someone gives me cash legally, can my deposit trigger an audit for them? | Yes you should worry and take care not to violate the law or provide any appearance of impropriety. Every bank in the USA is required under the Bank Secrecy Act to report cash transactions over $10,000 the same day to the IRS -- and here's the fun secret part -- without notification to the depositor. But splitting ... |
Share your insights or perspective on the financial matter presented in the input. | If someone gives me cash legally, can my deposit trigger an audit for them? | In the event of an audit, you AND your friends need to have already reported the cash the same way in previous tax filings. Even differences between legitimate sources can result in civil and criminal sanctions from the IRS, let alone questionable, dubious and illegal sources. |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | If someone gives me cash legally, can my deposit trigger an audit for them? | Why would you even accept 75K in cash? If anything is going to trigger an audit, this will be it. 75K in cash deposited will look like money laundring, so you better have a paper trail ready to prove this is legal or this won't end well. |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Why are estimated taxes due “early” for the 2nd and 3rd quarters only? | There are too many nuances to the question asked to explore fully but here are a few points to keep in mind. If you are a cash-basis taxpayer (most individuals are), then you are not required to pay taxes on the money that has been billed but not received as yet. If you operate on an accrual basis, then the income acc... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Why are estimated taxes due “early” for the 2nd and 3rd quarters only? | Here's an answer copied from https://www.quora.com/Why-is-the-second-quarter-of-estimated-quarterly-taxes-only-two-months Estimated taxes used to be paid based on a calendar quarter, but in the 60's the Oct due date was moved back to Sept to pull the third quarter cash receipts into the previous federal budget yea... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Why are estimated taxes due “early” for the 2nd and 3rd quarters only? | I suspect that the payments were originally due near the end of each quarter (March 15, June 15, September 15, and December 15) but then the December payment was extended to January 15 to allow for end-of-year totals to be calculated, and then the March payment was extended to April 15 to coincide with Income Tax Retur... |
Share your insights or perspective on the financial matter presented in the input. | Why are estimated taxes due “early” for the 2nd and 3rd quarters only? | nan |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Is it a bad idea to buy a motorcycle with a lien on it? | In the case of a vehicle with a lien, there is a specific place on the title to have a lien holder listed, and the holder of the lien will also hold the title until the lien is cleared. Usually this means you have to pay off the loan when you purchase the vehicle. If that loan is held by a bank, meet the seller at the ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Is it a bad idea to buy a motorcycle with a lien on it? | It's extra work for you to purchase a vehicle that has an outstanding lien on it. It's not uncommon, but there are things to take care of and watch out for. Really, all it means is that the vehicle you're trying to purchase hasn't been paid for in full by the current owner. Where things can get dodgy is ensuring that a... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Is it a bad idea to buy a motorcycle with a lien on it? | A lien is a mechanism to impede legal title transfer of a vehicle, real property, or sometimes, expensive business equipment. That's why title companies exist - to make sure there are no liens against something before a buyer hands money to a seller. The lien can be attached to a loan, unpaid labor related to the item... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | How to manage household finances (income & expenses) [duplicate] | My wife and I have close to equal incomes, and are not young. What we have is this: Some people would classify our system as a bit draconian as we each have "allowance"; however, it makes sure spending does not get out of wack and we work together to meet our goals. |
Share your insights or perspective on the financial matter presented in the input. | How to manage household finances (income & expenses) [duplicate] | Obviously, there are many approaches. I’ll describe what we do and why we think it is successful. I have seen many couples having disagreements and even divorce over money; it seems that this is a typical reason to fight and sometimes fight badly. The realization is that different people have different preferences what... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Can signing up at optoutprescreen.com improve my credit score? | If I had a business and was able to claim a feature, I would. It's simple marketing. If in fact, opting out helped your score, the site would promote that feature. Soft pulls for prescreened offers are not counted. No more than my constant peek at my score through Credit Karma. Opt out, if you wish. The benefit of co... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Can signing up at optoutprescreen.com improve my credit score? | Sounds like a case of false causality. If somebody is taking the time to sign up at opt out sites, then that same person is probably making other smart decisions with their credit, causing scores to rise. Optoutprescreen.com does not help your score, the other actions taken might. People seeing different results can ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Can signing up at optoutprescreen.com improve my credit score? | Some credit checks are ignored as part of the scoring process. Some companies will pull your info, to make sure you haven't become a risk. Others will inquire before they send you an offer. Since you didn't initiate the inquiry it can't impact your score. |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Can signing up at optoutprescreen.com improve my credit score? | Unsolicited credit checks like that don't affect your credit score. Those checks only count if they result from you applying for credit somewhere. So No. |
Share your insights or perspective on the financial matter presented in the input. | Can signing up at optoutprescreen.com improve my credit score? | If you are the type of person that gets drawn in to "suspect" offers, then it is conceivable that if you are not signing the services offered your credit would be improved as your long term credit strengthens and the number of new lines of credit are reduced. But if you just throw it all away anyway then it is unlikely... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Buy home and leverage roommates, or split rent? | what I should think about. If you decide to do this - get everything in writing. Get lease agreements to enforce the business side of the relationship. If they are not comfortable with that much formality, it's probably best not to do it, I'm not saying that you should not do this - but that you need to think about t... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Buy home and leverage roommates, or split rent? | ...instead of all of us draining our money into a landlord... Instead, you are suggesting that still everyone (except you) will drain their money into a landlord, just that now the landlord is you. I guess what that really means is that you will need to have landlord tenant agreements between you and your roommates. W... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Buy home and leverage roommates, or split rent? | There is a term for this. If you google "House Hacking" you will get lots of articles and advice. Some of it will pertain to multifamily properties but a good amount should be owner occupied and renting bedrooms. I would play with a mortgage calculator like Whats My Payment. Include Principle, interest, taxes and ins... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Buy home and leverage roommates, or split rent? | I've done this, both as one of the renters and (in a different house) as the landlord. I had roommates I had not lived with before though. It's definitely doable, but can get awkward. Some advice in no particular order Make sure you can afford the house on your own. This avoids the awkward situation of making you finan... |
Share your insights or perspective on the financial matter presented in the input. | Buy home and leverage roommates, or split rent? | It's doable, but there's a fair amount of risk involved. The biggest issue is that your roommates could move out. It's possible that they could have a falling out, get a job in a different city, or just move on. How difficult would it be to find another roommate? How many roommates can you lose and still afford to pay ... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Buy home and leverage roommates, or split rent? | Mixing friendship and money, whether that's loans or landlording, is risky. Often things work out, but sometimes the unexpected happens, and it doesn't. If things go wrong, are you prepared to walk away from either the friendship or the money? After you've considered that, the next question is how your roommates feel a... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Auto Insurance: Adding another car to the existing policy (GEICO) | They'll refund your money (though maybe with a small service charge). I'm sure they regularly deal with new car sales gone wrong. |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Auto Insurance: Adding another car to the existing policy (GEICO) | tl;dr: Call them. I'd be very surprised if you have a problem. I used to have have a policy with Geico, and would pay for my car insurance 6 months at a time. About 2 months into my last period, I purchased a house. Unfortunately, Geico didn't offer homeowners insurance in my state, so I ended switching to another comp... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Auto Insurance: Adding another car to the existing policy (GEICO) | When adding a new or used car to the policy I have found that it is best to call the company in advance. I let them know I will be adding a car to the policy in the next few days, but I have no idea of the VIN or other info. I have a policy with a different company and they have told me that I am automatically covered... |
Share your insights or perspective on the financial matter presented in the input. | Why might a brokerage firm stop offering a particular ETF commission free? | Forbes has an article investigating this. Here are the key parts: On line at the bottom of the list of funds there is an entire screen of grey-faded micro print which includes this telling disclosure: TD Ameritrade receives remuneration from certain ETFs (exchange-traded funds) that participate in the commission-... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Can an S-Corp write off work and merchandise expenses donated to a non-profit organization? | An S-corp doesn't pay income tax -- taxation is pass-through. This being the case, there are no tax deductions it could take for charitable giving. The solution would be for you to make the contribution out of your own pocket and then personally claim the deduction on your own taxes. |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Can an S-Corp write off work and merchandise expenses donated to a non-profit organization? | Yes. The S-Corp can deduct up to the amount it actually incurred in expenses. If your actual expenses to build the carport were $1000, then the $1000 would be deductible, and your business should be able to show $1000 in receipts or inventory changes. Note you cannot deduct beyond your actual expenses even if you would... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | What happens to my stocks when broker goes bankrupt? | Here is my perception of the situation, obtained from reading Degiro's Client Agreement. If Degiro shuts down, it will notify you about the fact at least one month in advance, and you will have enough time to order a transfer of your positions to a different broker. If Degiro shuts down unexpectedly, your assets will r... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | What happens to my stocks when broker goes bankrupt? | If you are using a US broker, you are protected by SIPC up to $500,000. SIPC also oversees the liquidation of the broker itself, either by appointing a trustee, or by directly contacting clients. If they are able to transfer accounts to a healthy broker before bankruptcy, they will do so, but if not, you will need to f... |
Share your insights or perspective on the financial matter presented in the input. | What happens to my stocks when broker goes bankrupt? | +1 to YosefWeiner. Let me add: Legally, technically, or at least theoretically, when you buy stock through a broker, you own the stock, not the broker. The broker is just holding it for you. If the broker goes bankrupt, that has nothing to do with the value of your stock. That said, if the broker fails to transfer your... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | If a stock doesn't pay dividends, then why is the stock worth anything? | It's important to remember what a share is. It's a tiny portion of ownership of a company. Let's pretend we're talking about shares in a manufacturing company. The company has one million shares on its register. You own one thousand of them. That means that you own 1/1000th of the company. These shares are valued b... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | If a stock doesn't pay dividends, then why is the stock worth anything? | Stephen's answer is the 100% correct one made with the common Economics assumption, that people are rational. A company that never has paid dividends, is still worth something to people because of its potential to start paying dividends later and it is often better to grow now and payoff later. However, the actual answ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | 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... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | If a stock doesn't pay dividends, then why is the stock worth anything? | This is an excellent question, one that I've pondered before as well. Here's how I've reconciled it in my mind. Why should we agree that a stock is worth anything? After all, if I purchase a share of said company, I own some small percentage of all of its assets, like land, capital equipment, accounts receivable, cash ... |
Share your insights or perspective on the financial matter presented in the input. | If a stock doesn't pay dividends, then why is the stock worth anything? | If so, then if company A never pays dividends to its shareholders, then what is the point of owning company A's stock? The stock itself can go up in price. This is not necessarily pure speculation either, the company could just reinvest the profits and grow. Since you own part of a company, your share would also increa... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | If a stock doesn't pay dividends, then why is the stock worth anything? | Shareholders can [often] vote for management to pay dividends Shareholders are sticking around if they feel the company will be more valuable in the future, and if the company is a target for being bought out. Greater fool theory |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | If a stock doesn't pay dividends, then why is the stock worth anything? | While there are many very good and detailed answers to this question, there is one key term from finance that none of them used and that is Net Present Value. While this is a term generally associate with debt and assets, it also can be applied to the valuation models of a company's share price. The price of the share ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | If a stock doesn't pay dividends, then why is the stock worth anything? | Imagine that a company never distributes any of its profits to its shareholders. The company might invest these profits in the business to grow future profits or it might just keep the money in the bank. Either way, the company is growing in value. But how does that help you as a small investor? If the share price neve... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | If a stock doesn't pay dividends, then why is the stock worth anything? | The answer is Discounted Cash Flows. Companies that don't pay dividends are, ostensibly reinvesting their cash at returns higher than shareholders could obtain elsewhere. They are reinvesting in productive capacity with the aim of using this greater productive capacity to generate even more cash in the future. This is... |
Share your insights or perspective on the financial matter presented in the input. | If a stock doesn't pay dividends, then why is the stock worth anything? | I haven't seen any of the other answers address this point – shares are (a form of) ownership of a company and thus they are an entitlement to the proceeds of the company, including proceeds from liquidation. Imagine an (extreme, contrived) example whereby you own shares in a company that is explicitly intended to only... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | If a stock doesn't pay dividends, then why is the stock worth anything? | Remember that long term appreciation has tax advantages over short-term dividends. If you buy shares of a company, never earn any dividends, and then sell the stock for a profit in 20 years, you've essentially deferred all of the capital gains taxes (and thus your money has compounded faster) for a 20 year period. For ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | If a stock doesn't pay dividends, then why is the stock worth anything? | Not sure how this has got this far with no obvious discussion about the huge tax advantages of share buy backs vs dividend paying. Companies face a very simple choice with excess capital - pay to shareholders in the form of a taxable dividend, invest in future growth where they expect to make more than $1 for every $1... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | If a stock doesn't pay dividends, then why is the stock worth anything? | Stock has value to the buyer even if it does not currently pay dividends, since it is part ownership of the company (and the company's assets). The owners (of which you are now a part) hire managers to make a "dividend policy decision." If the company can reinvest the profits into a project that would earn more than t... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | If a stock doesn't pay dividends, then why is the stock worth anything? | Since I'm missing the shortest and simplest answer, I'll add it: A car also doesn't offer dividends, yet it's still worth money. A $100 bill doesn't offer dividends, yet people are willing to offer services, or goods, or other currencies, to own that $100 bill. It's the same with a stock. If other people are willing to... |
Share your insights or perspective on the financial matter presented in the input. | If a stock doesn't pay dividends, then why is the stock worth anything? | You are missing the fact that the company can buy back its own shares. For simplicity, imagine the case that you own ALL of the shares of XYZ corporation. XYZ is very profitable, and it makes $1M per year. There are two ways to return $1M to you, the shareholder: 1) The company could buy back some fraction of your s... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | If a stock doesn't pay dividends, then why is the stock worth anything? | The company gets it worth from how well it performs. For example if you buy company A for $50 a share and it beats its expected earnings, its price will raise and lets say after a year or two it can be worth around $70 or maybe more.This is where you can sell it and make more money than dividends. |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | If a stock doesn't pay dividends, then why is the stock worth anything? | Stocks represent partial ownership of the company. So, if you owned 51% of the stock of the company (and therefore 51% of the company itself), you could decide to liquidate all the assets of the company, and you would be entitled to 51% of the proceeds from that sale. In the example above, it would have to be Common ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | If a stock doesn't pay dividends, then why is the stock worth anything? | There are two ways that an asset can generate value. One is that the asset generates some revenue (e.g. you buy a house for $100,000 and rent it out for $1,000 per month) and the second way is that the asset appreciates (e.g you buy a house for $100,000, you don't rent it out and 5 years later you sell it for $200,000... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | If a stock doesn't pay dividends, then why is the stock worth anything? | Most companies get taken over eventually. More to the point, ANY company with a public float over 50 percent that's large and viable enough to fall on people's radar screens will get taken over if its stock price is "too low" relative to its long term prospects. It is the possibility of a takeover, as much as anything... |
Share your insights or perspective on the financial matter presented in the input. | If a stock doesn't pay dividends, then why is the stock worth anything? | Securities change in prices. You can buy ten 10'000 share of a stock for $1 each one day on release and sell it for $40 each if you're lucky in the future for a gross profit of 40*10000 = 400'0000 |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | If a stock doesn't pay dividends, then why is the stock worth anything? | There are two main ways you can make money through shares: through dividends and through capital gains. If the company is performing well and increasing profits year after year, its Net Worth will increase, and if the company continues to beat expectations, then over the long term the share price will follow and increa... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | What are the primary investment strategies people use and why do they use them? | There are two umbrellas in investing: active management and passive management. Passive management is based on the idea "you can't beat the market." Passive investors believe in the efficient markets hypothesis: "the market interprets all information about an asset, so price is equal to underlying value". Another idea ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | What are the primary investment strategies people use and why do they use them? | Your question seems to be making assumptions around “investing”, that investing is only about stock market and bonds or similar things. I would suggest that you should look much broader than that in terms of your investments. Investment Types Your should consider (and include) some or all of the following for your inve... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Why is OkPay not allowed in the United States? | The U.S. requires money transfer services to be licensed under 31 USC 5330 in addition to any applicable laws at the state level. According to multiple sources online, including the thread referenced by MD-Tech's answer, OkPay either cannot or will not get a license, so they are out. I dug on this a bit more because I... |
Share your insights or perspective on the financial matter presented in the input. | Why is OkPay not allowed in the United States? | according to their client services it is a licensing issue: Thread: OKpay didn't Accept USA clients? They do not elaborate but do suggest that they don't plan to fix that issue. |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Why is OkPay not allowed in the United States? | If you read the link that MD-Tech provided, it actually indicates that the foreign companies (mostly banks) are choosing not to work with the United States in their latest answer, so it looks like it's not OkPay, but the financial companies that they use. On further research, the reason that this is banned is to preven... |
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