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My employer offers a 401(k) plan. I decide to leave the company to take a year off. During this year, I make no income. Using various types of tax deductions (mortgage interest, tuition, etc...), is it possible to convert some of this traditional 401(k) money into a Roth IRA account and pay much-lower-than-usual taxes?... |
Can I use a gap year to convert traditional 401k money into a roth IRA to virtually avoid taxes? |
> Can one just forcefully acquire a company that is stock market listed?
Yes, one can. Though not on market price.
You start buying shares. Once you have a certain percentage, you can force board seats and make an offer for most. Understand that most companies have the VAST majority of shares NOT owned by people... |
> Can one just forcefully acquire a company that is stock market listed?
Yes, one can. Though not on market price.
You start buying shares. Once you have a certain percentage, you can force board seats and make an offer for most. Understand that most companies have the VAST majority of shares NOT owned by people... |
How would I keep a record of payments with an insurance supplier (Zego if that helps) if they bill on the basis that the account gets topped up with credit, then they deduct from the credit on a pay as you go basis?
I.e: Top up so you have £100 credit, they then deduct £x here and there when the vehicle is used, the... |
I have a [Hargreaves Lansdown LISA](https://www.hl.co.uk/investment-services/lifetime-isa) and am concerned that the £450k mortgage limit may be too restrictive in the future as I am not planning to buy any time soon (and I am living in London). Since [the withdrawal charge has been reduced to 20%](https://www.gov.uk/... |
Can I transfer my HL LISA to a HL Stocks and Shares ISA without affecting my ISA allowance? |
I have a [Hargreaves Lansdown LISA](https://www.hl.co.uk/investment-services/lifetime-isa) and am concerned that the £450k limit may be too restrictive in the future as I am not planning to buy any time soon (and I am living in London). Since [the withdrawal charge has been reduced to 20%](https://www.gov.uk/guidance/... |
I have a small NJ charity that supports homeless mentally challenged people. I received an anonymous donation of a winning lottery ticket. Can the charity collect the winnings? For taxes, how do I report this? Does the charity have to pay taxes on this? Is this considered unrelated income which would be taxable? |
Tax/legal effect on charity that received an anonymous winning lottery ticket? |
I work directly for a sales rep on all his accounts for the past 15 years. He is not my manager, I just work directly with him. If he meets his monthly quota, he would give me a monthly bonus in my paycheck. Now, his pay structure is changing and the bonus can't go thru payroll. So,he wants to give me the bonus via gif... |
Monthly bonus via cash or gift card? |
No physical assets nor contracts in Idaho itself. I do not live or physically present in Idaho. So reading through the income tax [documents](https://tax.idaho.gov/i-2014.cfm):
>Idaho source income is income from:
>
> - Transactions or activities that take place in Idaho
Does this include transactions conducted ... |
How many "Charge Offs" can a company put on a single debt? |
Is short term capital loss worth more than long term capital loss? |
I am using the NerdWallet Refinance Calculator to compare current loan with new loan.
https://www.nerdwallet.com/mortgages/refinance-calculator/calculate-refinance-savings
My question is should I put in the interest rate or the APR where it is asking for 'interest rate'?
For the New Loan, it is also asking for ... |
Refinance Calculator - use Interest Rate or APR? |
For example, let's take Bob who:
- worked from January to March in California, where he earned 30kUSD,
- worked for the rest of the year in the state of Washington, where he earned 70kUSD.
Which income tax bracket should Bob use when paying taxes to California? Does he only pay state taxes on 30kUSD toward Calif... |
Working in 2 different states: does the California income tax bracket only consider the money earned in California, or anywhere? |
I think the real crux of your question is:
> do people have a general consensus on what the price of a share of a company should be?
The short answer is: **That's called the current share price.**
Long answer: If you are shorting a stock, you're contributing your voice (in the form of your wallet) to the conse... |
I have made a bookkeeping system for myself. At its core, it consists of a database table with these fields:
timestamp_for_when_it_was_inserted_into_database, timestamp_for_when_the_transaction_happened, amount, currency_code, amount_in_EUR_when_it_happened
So, for example, if I make a Bitcoin transaction of 0.0... |
How should I deal with the fact that currencies change in value in relation to each other when bookkeeping? |
I am young and want to try to start building credit. The tellers at SunTrust advised that I start with a secured credit card, and eventually I will transfer to an unsecured one. Is the transfer like closing an old account, which is generally not good for credit? Would it be better if I just keep the secured card so tha... |
Keep secured credit card open? |
When is it a good idea to pay more than your monthly credit card balance? When does that help, when is that not worth doing / doesn't do anything? Why is that a good idea? Does that help your credit in any way? If so, how? In the [Money Smart Podcast (from the FDIC)][1], they said it was a good idea, but I did not wal... |
Paying more than your monthly credit card balance? |
For example, let's take Bob who:
- worked from January to March in California, where he earned 30kUSD (W2 income),
- worked for the rest of the year in the state of Washington, where he earned 70kUSD (W2 income).
Which income tax rate should Bob use when paying taxes to California? Does he only pay state taxes o... |
Working in 2 different states: does the California income tax rate only consider the money earned in California, or anywhere? |
Short Answer: It depends.
Long Answer: I would write down the advantages and disadvantages of keeping it open or closing it. Then, answer questions such as: Are there any annual fees with the card ?, Can the issuer convert the card into an unsecured one, and am I planning on making any big loans in the coming future... |
I have made a bookkeeping system for myself. At its core, it consists of a database table with these fields:
timestamp_for_when_it_was_inserted_into_database
timestamp_for_when_the_transaction_happened
amount
currency_code
amount_in_EUR_when_it_happened
So, for example, if I make a Bitcoin tr... |
When you are paying your credit card each month you are typically given 4 options:
- Your current balance: this is generally the highest number because it is the balance as of today.
- Your statement balance. This is generally the 2nd highest number because it was your balance of the account the last time the bil... |
What will happen if there is a massive sell off only in SPY?
This will affect stock prices? I mean for example the Apple(APPL) stock will drop? Okay apple is large cap company maybe does not affected but some smaller company will be affected?
My general question is whether the ETFs affect stock prices |
A massive sell off of SPY will affect stocks prices? |
I noticed that most (all?) SPAC warrants only become exercisable on the later of: (a) 12 months after the SPAC's IPO date, (b) 30 days after the de-SPAC transaction. I am surprised by this uniformity across many SPACs. What could be the reason(s) for the 30-day delay before the warrants can be exercised?
I have read... |
Why do SPAC warrants only become exercisable 30 days after the de-SPAC transaction? |
Will a massive sell off of SPY affect stocks prices? |
ETFs (**E**xchange **T**raded **F**unds) are "amalgams" of stocks. (That what funds are.)
Therefore, if you sell shares of an ETF, you're effectively selling the stocks which belong to the ETF.
`SPY` is an ETF containing all 500 stocks in the S&P 500 Index. Thus, if loads of people who own `SPY` suddenly decide... |
I bought 400 shares of IPOB.U at $11.84/unit. Each unit can be split into 1 share + 1/3 warrant when the holder desires (after the stock and warrants start trading freely, but not before.)
I called my broker a few months later to split the units into stock (IPOB) and warrants (IPOB.WS) and I ended up with 400 shares... |
Given a mutual fund, where can I find its AUM?
I am seeing a number on its page called "Total asset value". Is that the AUM? I don't think it is, because the number seems too low, and if its AUM, why wouldn't they call it AUM?
I also looked at the balance sheet of the fund, and looked up the value of assets, but ... |
For a mutual fund, where can I find the AUM? |
Ask yourself how the issuers hope those cards might be used, and why?
If you treat them as ordinary credit cards, you stand to lose a lot. CC operators will give you 0% on balance transfers partly because many Users will forget to clear the transferred balance in time but that's small beer
What they really want i... |
Take a look at creatures like the infamous Sir Philip Greenbacks, who has grabbed a personal fortune approaching £1 billion while not only running some of Britain's best-known brands into the ground but also bankrupting their pension funds.
What if you consider "putting" shares into a company as being a founder inve... |
Given a mutual fund, where can I find its AUM (assets under management)?
I am seeing a number on its page called "Total asset value". Is that the AUM? I don't think it is, because the number seems too low, and if its AUM, why wouldn't they call it AUM?
I also looked at the balance sheet of the fund, and looked up... |
What will happen if there is a massive sell off only in SP (the well-known exchange traded fund).
This will affect stock prices? I mean for example the Apple(APPL) stock will drop? Okay apple is large cap company maybe does not affected but some smaller company will be affected?
My general question is whether the... |
What will happen if there is a massive sell off in the SPY ETF?
Will this affect the stock prices of its components? For example, will the price of e Apple (APPL) shares drop drop? Or will it only affect the prices of smaller cap stocks in this ETF?
My general question is whether the selling of ETFs affects the ... |
Will a massive sell off of the SPY ETF affect stock prices? |
What will happen if there is a massive sell off in the SPY ETF?
Will this affect the stock prices of its components? For example, will the price of Apple (APPL) shares drop? Or will it only affect the prices of smaller cap stocks in this ETF?
My general question is whether the selling of ETFs affects the price o... |
For example, let's take Bob who:
- worked from January to March in California, where he earned 30kUSD (W2 income and Bob was a California resident),
- worked for the rest of the year in the state of Washington, where he earned 70kUSD (W2 income and Bob was a Seattle resident).
Which income tax rate should Bob us... |
I recently shutdown my solo 401K Plan and solo Roth 401K plan. I have filled out form 5500ez but have not yet sent it in to the IRS. I understand there are very serious penalties for filing late. What about penalties for minor errors in the form. For example, if the date of the termination of the plan is off by a few d... |
I recently shutdown my solo 401K Plan and solo Roth 401K plan. I have filled out form 5500ez but have not yet sent it in to the IRS. I understand there are very serious penalties for filing late. What about penalties for minor errors in the form. For example, if the date of the termination of the plan is off by a few d... |
I am 37 and don't plan on using any of this money until I'm at least 50. Currently I'm using RobinHood and have mimicked Warren Buffet's top stock picks.
What are some higher yield long term investment I can use and what is a realistic average return? |
How to find highest yield investments if I'm 20+ years from retirement? |
I bought a home after the market crash in 2009 and I have quite a bit of equity in it now (100k). I still have 20 years until I retire and currently my main brokerage account is very high risk / high return. I'm entertaining a 10/15 HELOC at 3% to add more money to my current investment account but am assessing the ris... |
I am 37 and don't plan on using any of this money until I'm at least 50. Currently I'm using RobinHood and have mimicked Warren Buffet's top stock picks.
I'm currently looking into
- hedge funds
- day-trade managed accounts
What are some higher yield long term investment I can use and what is a realistic averag... |
How to find higher yield investments if I'm 20+ years from retirement? |
Like say, X company, where the CEO is already a billionaire while his company has lost many billions of dollars in the course of several years?
1. Do you need investment from someone else to do this?
2. If you start your own LLC(limited liability company), then presuming you are not liable for your company's losses... |
What's the deal with startup CEOs making shedloads of money while his company records yearly losses? |
I'm trying to borrow against my IRA but for personal reasons rather than one of the 8-9 approved reasons. Does anyone know why it's prohibited? Is there any way around this? |
Why can't you get a loan against your IRA? |
> Why can't you get a **loan** against your IRA?
Because the law says so, that's why. Government gives you the benefit of deferring taxes, and the government takes away the ability to borrow from it.
(Congress and the President have -- in their infinite wisdom -- decided that paying for COVID-related expenses is... |
The simple answer is "No, do NOT include your employer's match." You cannot count on that forever, from every employer you choose. So don't count on it. Period. Always put at least 15% of your own money away every year. If an employer contributes or matches, then that's gravy, not your principal, and not THE princ... |
I have read if market cap of company A is more than company B then total monetary value of company A is more than company B. Is it TRUE? I don't think so because if company A has 90% outstanding while company B has only 10% outstanding shares.
Am I getting it correctly?
|
Say a tenant accidentally flushed a hard object down the toilet, is it better for the tenant to take care of the plumber bill or call the landlord? Would this be good grounds for a rental raise in the future if calling the landlord? |
> Is it TRUE?
You can answer that easily if you look up the definition of market cap. It is last trade price * number of shares outstanding (i.e. issued).
> I don't think so because if company A has 90% outstanding while company B has only 10%
> outstanding shares. Am I getting it correctly?
No. Percentage o... |
> is it better for the tenant to take care of the plumber bill or call the landlord?
Depends. Tell me how you take care of the damage that you may have caused that are not part of your rented property (i.e. damage to the fall drain when you rent an appartment in the 6th floor). Also the landlord has a right for a pr... |
Imagine that I entered short into futures contract for asset "A" at the price 100 USD. Lets say that on the other side John went long. Contract expires in one year. I don't use leverage and I put as collateral 100 USD. In one month price goes to 200 USD, my position is liquidated. What happens at this moment? Does clea... |
How does clearing house deal with such cases? |
I have a [Hargreaves Lansdown LISA](https://www.hl.co.uk/investment-services/lifetime-isa) and am concerned that the £450k limit may be too restrictive in the future as I am not planning to buy any time soon (and I am living in London). Since [the withdrawal charge has been reduced to 20%](https://www.gov.uk/guidance/... |
> Lets say that on the other side John went long.
This is not what happened. The "other side" is ALWAYS the exchange. The exchange has a contract vs. John "on the other side", but YOUR contract is with the exchange. Thus it does not matter who you buy a contract from to offset your position.
> What happens at thi... |
I'm trying to understand the upsides/downsides of investing to an index fund vs. investing directly to stocks of some best-known and well-established large-cap companies. Every single article on investment strategies says that for someone, who does not want to become full-time investor, the best thing is to invest in a... |
The main highlight of an index fund is that it does not need to be managed. It is very easy to pick stocks after they have grown but impossible to know what will happen in the future. Who is the next Apple? Will Apple continue to beat the S&P?
A big question is you have to decide what are your goals for investi... |
You have correctly identified a couple of the main risks associated with investing through debt. Namely, that you would need to be able to bear interest costs for the period of time that your investments might be 'underwater', or you risk needing to liquidate your assets which might not cover your debt, leaving you wit... |
You are simply applying **confirmation bias**.
The same question comes up almost daily on this site.
"Why not just invest in Apple?!"
Here's my Famous Answer which tries and tries and tries to explain to folks what confirmation bias is. But it never helps.
There'll be another "Why not invest in Apple?!" que... |
The main highlight of an index fund is that it does not need to be managed. It is very easy to pick stocks after they have grown but impossible to know what will happen in the future. Who is the next Apple? Will Apple continue to beat the S&P?
A big question is you have to decide what are your goals for investi... |
I am 37 and don't plan on using any of this money until I'm at least 50. Currently I'm using RobinHood and have mimicked Warren Buffet's top stock picks.
I'm currently looking into
- hedge funds
- day-trade managed accounts
What are some higher yield long term investment I can use and what is a realistic averag... |
Is it safe to give a sugar daddy my bank account and routing number? |
No. Unless you are having sex with him* - the traditional meaning of the term "sugar daddy" - it's a scam. Get real here: what's so wonderful about you that strangers are going to give you lots of money and expect nothing in return?
*And if you are, he can give you cash or a check. Otherwise safe sex is a topic... |
I am 79 years old and this year might roll over money from a traditional IRA into a Roth account. (I have not done this before) Will I get taxed twice on the money, once for taking it out of the traditional IRA and once again for the pre tax requirement of putting it into the Roth. Also is this year different from any ... |
I was wondering if when a company says it's EBIT(DA) margin was, say, 15%
1. their R&D expenses (mostly thinking about wages here)
2. investments in research or production infrastructure
have already been deducted?
Does it matter whether we're talking about EBIT or EBITDA here?
The background to my ques... |
If a company says it's EBIT(DA) margin was, say, 15%, has the company already deducted:
1. their R&D expenses (mostly thinking about wages here) and/or
2. investments in research or production infrastructure?
Does it matter whether we're talking about EBIT or EBITDA here?
The background to my question is th... |
First let's answer - what is 'EBIT(DA)'?
Earnings (aka 'net income')
Before
Interest [paid to debtholders on outstanding debt]
Taxes [typically income / 'direct' taxes only, ie: the company wouldn't typically remove VAT or similar taxes]
= EBIT
Then also remove
Depreciation [annual expense taken for a port... |
I am from Europe and a consultant employed by a Canadian University, but I live in the USA (I moved to the USA as my husband received a J1 visa). So now I am trying to figure out where to pay taxed? Do I pay taxes to that the USA, or to Canada (in non of these countries I have a social security number). Can anyone give... |
First let's answer - what is 'EBIT(DA)'?
**Earnings** (aka 'net income')
**Before**
**Interest** [paid to debtholders on outstanding debt]
**Taxes** [typically income / 'direct' taxes only, ie: the company wouldn't typically remove VAT or similar taxes]
**= EBIT**
Then also remove
**Depreciation** [a... |
Given this setup:
Bob want to buy Share X of $100. Sue wants to sell that share for $120. Sarah wants to share her share for $130. All of them use the same market maker (eg: some brokerage website).
How does the market maker pair up the buyer and the seller? It could pair Bob and Sarah which would yield a lowe... |
How do market makers pair up buyers and sellers? |
Should tenants pay for repairs if it's their fault? |
Given this setup:
Bob want to buy Share X of $100. Sue wants to sell that share for $120. Sarah wants to share her share for $130. All of them use the same market maker (eg: some brokerage website).
How does the market maker pair up the buyer and the seller? It could pair Bob and Sue which would yield a lower ... |
Given the following, ignoring commission, _etc._:
1. On 2019-03-16, XYZ is trading for $100.00. I purchase 1000 shares, for a cost of $100,000.00.
1. On 2019-09-15, XYZ is trading for $150.00. I sell 10 XYZ $175.00 (OTM) call contracts expiring in 15 days at a $0.50 premium, for a total of $500.00.
1. On 2019-0... |
Does selling an OTM covered call affect the holding period of the underlying stock? |
Given the following, ignoring commission, _etc._:
1. On 2019-03-16, XYZ is trading for $100.00. I purchase 1000 shares, for a cost of $100,000.00.
1. On 2019-09-15, XYZ is trading for $150.00. I sell 10 XYZ $175.00 (OTM) call contracts expiring in 15 days at a $0.50 premium, for a total of $500.00.
1. On 2019-0... |
I am refinancing a house and thought I will close last week of December, 2020.I met all requirements and has over $100,000 equity in the house, gave all initial required paper work. I have submitted the required two years of tax, including profit and loss for the two years 2018 and 2019. neither credit, income or bank ... |
I'm 30, married, and have a 1.5-year-old daughter. My monthly on-hand income is 71,000 ₹ ([INR][1]). These are my monthly expenses:
* Home loan: 18,428 (Loan amount: 18,50,000. Number of EMI pending: 150. Tenor: 161 months, ROI: 7.4%)
* Home topup loan: 5,956 (Loan amount: 4,50,000. Number of EMI pending: 169. Teno... |
I have been a landlord.
There are two questions in this question:
- Who initiates the repair process?
- Who pays for the repair?
You as the tenant have to return the rental property back to the owner at the end of the lease in working condition, or you may be responsible for the repair cost. There are of co... |
I am not really sure what the big deal is. Yes they can ask you for a third profit and loss statement, and I suppose you mean 2020 profit and loss statement not a 2021.
Do you use an electronic accounting system? If so providing these statements are a matter of a few mouse clicks, so there is very little effort in... |
Given the very low interest rates, I was wondering under which conditions it is beneficial to invest in a second home (maybe with 20% equity) and pay back the loan primarily by the rental income, or, alternatively, pay off the first loan faster. Risks associated with buying a second home are of course that the value co... |
Buy second home or first pay off first home? |
This is the scenario. Trader bought a **CALL OPTION** contract with a strike price of $150 of a stock XYZ that expires in a month. He paid **$500** for the contract. After two days, the stock prices goes up to **$160**. But the trader sees that his contract values **less than $500**. Let us say it is **$485**.
What ... |
> which factors should I take into consideration regarding this decision?
- Do you want to be in the rental management business?
- How will the business be managed? Property manager or self?
- Do you have a business team and organization? LLC, accountant, lawyer, etc...
- What is your target property and w... |
I'm trying to find out if some indexes are calculated including dividends (specifically, S&P 500, FTSE 100, DAX 30 and IBEX 35).
I have read [here][1] that `S&P 500` does include dividends. That would explain why it grows so much, compared to other indexes that don't include them.
On the other hand, for the case... |
How can I know if a market index includes dividends yield when calculating its value? (with examples) |
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