instruction
stringlengths
15
21.6k
How are stocks less than $1 able to trade on NYSE for more than 6 months?
Does renouncing [one's US citizenship](https://www.usa.gov/renounce-lose-citizenship) have the same tax implications as [renouncing one's US lawful permanent resident status](https://www.uscis.gov/i-407) (i.e., giving up one's green card)? If that matters (e.g., for tax treaties), the US lawful permanent resident or...
Does renouncing [one's US citizenship](https://www.usa.gov/renounce-lose-citizenship) have the same tax implications as [renouncing one's US lawful permanent resident status](https://www.uscis.gov/i-407) (i.e., giving up one's green card)? If that matters (e.g., for tax treaties): - The US lawful permanent resident...
I read on [Page 4 of FTB Pub. 1031 2019](https://www.ftb.ca.gov/forms/2019/2019-1031-publication.pdf) ([mirror](https://web.archive.org/web/20200621195240/https://www.ftb.ca.gov/forms/2019/2019-1031-publication.pdf)) (I italicized the important passages): > [Section E:] Who Are Residents and Nonresidents > > A **r...
Suppose I stayed in multiple countries in a year for significant durations ( say 3 months each in 4 nations) and further assume that double taxation avoidance treaties are in place so how does one determine which jurisdiction one pays taxes in? For arguments sake say we are considering US, UK or German laws for exampl...
Please explain to me why more people don't follow a formula like this: (1) Converting all their assets into exempted assets (for which there are tons of options, regardless of your state -- ERISA-qualified retirement plans; annuities; life insurance plans; trusts for their children/themselves; homesteads shared as j...
Why don't most people file Chapter 7 every 8 years?
Please explain to me why more people don't follow a formula like this: (1) Converting all their assets into exempted assets (for which there are tons of options, regardless of your state -- ERISA-qualified retirement plans; annuities; life insurance plans; trusts for their children/themselves; homesteads shared as j...
In short, I have a personal current account with a UK bank which holds funds in Euros. Is this account protected by the UK Financial Services Compensation Scheme (FSCS)? If so, is the limit based in Euros or an exchange rate off of the sterling limit? And in which case, what exchange rate is used? I've found vari...
Does the FSCS protect accounts held in Euros in the UK?
My understanding of how [GBTC](https://grayscale.co/bitcoin-trust/) works is that all of the following are true: 1. Accredited investors may provide BTC to Grayscale and receive shares of GBTC in exchange. 2. After a six month lockup, the investor who received these shares may sell them on the open market. 3. G...
Why doesn't the GBTC premium get arbitraged away?
My understanding of how [GBTC](https://grayscale.co/bitcoin-trust/) works is that all of the following are true: 1. Accredited investors may provide BTC to Grayscale and receive shares of GBTC in exchange. 2. After a six month lockup, the investor who received these shares may sell them on the open market. 3. G...
I live in Lebanon and I made an account on Linkedin. I got a work offer from a company from Canada. They asked me questions about my education, marital status and if I have 12,000$ in my account to support myself if I were to go to Canada. They asked if I have a credit card as well as what the first 6 digits are. ...
> How is income tax residency determined ... longest stays, source of income? on citizenship? It simply depends on each nation. It's quite different for each country (indeed state where relevant). You can easily look it up in each case. > Furthermore what ensures that the laws of multiple jurisdictions become...
> How is income tax residency determined ... longest stays, source of income? on citizenship? It simply depends on each nation. It's quite different for each country (indeed state where relevant). You can easily look it up in each case. > Furthermore what ensures that the laws of multiple jurisdictions become...
scenario: Home value is 800K. 3 investors requiring a mortgage. 1 investor can add 70K deposit, 2 can add 40K each. Question: How do I figure out the % of ownership based on different deposits on a mortgage? What would be the portion of monthly payment for each? 2 of the investors will live in the property and the othe...
When closing a stock position on Dec 30, 2020, with T+2 settlement, is the P&L booked for 2020 or 2021? TIA.
I got a job in Maryland (starting june 2020) and moved to the state after graduation in May. However I was still “officially” a resident of Michigan until the end of August (that is, i got my drivers license changed then to a maryland license at the end if August. Which I believe is what makes me a resident of MD. Th...
Moved partway through 2020, filing taxes in both states?
scenario: Home value is 800K. Three investors requiring a mortgage. * One investor can add 70K deposit, * Two can add 40K each. Question #1: How do I figure out the % of ownership based on different deposits on a mortgage? Question #2: What would be the portion of monthly payment for each? Two of the ...
Due to Covid-19, my son's schools have been shut down for most of the year. Though my workplace allows parents to bring their children to work, he is special needs/has a disability, so requires much assistance. As such, we've had to pay a babysitter to help him through the on-line classes, accounting for 1/4 of our wee...
Is there any program American can take advantage of to help offset childcare costs during Covid-19?
Suppose I stayed in multiple countries in a year for significant durations ( say 3 months each in 4 nations) and further assume that double taxation avoidance treaties are in place so how does one determine which jurisdiction one pays taxes in? For arguments sake say we are considering US, UK or German laws for exam...
I got a job in Maryland (starting june 2020) and moved to the state after graduation in May. However I was still “officially” a resident of Michigan until the end of August (that is, i got my drivers license changed then to a maryland license at the end if August. Which I believe is what makes me a resident of MD. Th...
What happens when bear is not able to buy back the shares (to be more precise borrowed shares) he sold?
Is it a good idea to buy and hold (from few months to 2 years) Bitcoin, or even stocks for that matter, via CFDs? The avantages (through certain brokers) that I have found for the Bitcoin case are: - No deposit fees; - No withdrawal fees; - No trading fees besides spreads; - No daily rollover costs by selecti...
Is it a good idea to buy and hold Bitcoin via CFDs?
Is it a good idea to buy and hold (from few months to 2 years) Bitcoin, or even stocks for that matter, via CFDs? The advantages (through certain brokers) that I have found for the Bitcoin case are: - No deposit fees; - No withdrawal fees; - No trading fees besides spreads; - No daily rollover costs by select...
Is it a good idea to buy and hold (from few months to 2 years) Bitcoin, or even stocks for that matter, via CFDs? The advantages (through some brokers) that I have found for the Bitcoin case are: - No deposit fees; - No withdrawal fees; - No trading fees besides spreads; - No daily rollover costs by selecting...
Is it a good idea to buy and hold (from few months to 2 years) Bitcoin, or even stocks for that matter, via CFDs? The advantages (through some brokers) that I have found for the Bitcoin case are: - No deposit fees; - No withdrawal fees; - No trading fees besides spreads; - No daily rollover costs by selecting...
Is it a good idea to buy and hold (from few months to 2 years) Bitcoin, or even stocks for that matter, via CFD (Contract For Difference)? The advantages (through some brokers) that I have found for the Bitcoin case are: - No deposit fees; - No withdrawal fees; - No trading fees besides spreads; - No daily ro...
There is also another thing - unless you are at the rock bottom of the financial pole and have no intention to ever get more, declaring yourself bankrupt has the stupid side effect if wiping off your assets. This is nice if you do not hold anything, it is not nice if you work on yourself, move your ass of a minimum wag...
Is it a good idea to buy and hold (from few months to 2 years) Bitcoin, or even stocks for that matter, via CFD (Contract For Difference)? The advantages (through some brokers) that I have found for the Bitcoin case are: - No deposit fees; - No withdrawal fees; - No trading fees besides spreads; - No daily ro...
Imagine that the XYX (not a real name) stock has a bid of 50.05 and an ask of 50.12. A discount broker currently has two orders. One is a limit buy at 50.11 and the other is a limit sell at 50.06. Can the broker buy the stock from the first client at 50.06 (using the broker's money ) and then immediately resell it to t...
Can Stock Brokers trade against you when they are holding two orders on opposite sides of the market?
On my paycheck there's something that reads `Reg Wages NP CP` and it appears to specify hours since it is summed along with "Regular Wages" to "Total Hours". Does anyone know what it means? It's only appeared since I've been furloughed this year on and off.
What does "Reg Wages NP CP" mean on a paycheck?
Yes, that's called being a dealer. How do you think they make money, working as a bartender at night?
Please explain to me why more people don't follow a formula like this: 1) Converting all their assets into exempted assets (for which there are tons of options, regardless of your state -- ERISA-qualified retirement plans; annuities; life insurance plans; trusts for their children/themselves; homesteads shared as jo...
I'm new at getting into investing in stock. I know what bid is, what ask is, and what a stock price is. My question is how does a person make a profit when buying stock? If stock A has a price of $100, ask is $100.10, and bid is $100.08 cents, I take that to mean that I will have lost a total of two cents. How does a p...
I know what bid is, what ask is, and what a stock price is. My question is how does a person make a profit when buying stock? If stock A has a price of $100, ask is $100.10, and bid is $100.08 cents, I take that to mean that I will have lost a total of two cents. Therefore, how does a person make a profit off of tr...
> how does a person make a profit when buying stock? You don't. **Profit** is made **when you sell** at a higher price than what you bought it at. Consider the man with an apple cart selling apples. Does he make a profit when he buys the apples from a wholesaler? Of course not. He (hopefully) makes a profit ...
> My question is how does a person make a profit when buying stock? By selling higher than he bought or buying higher than he sold (for short). YOu are nice to point out you know what bit and ask are, with example - but are you also aware that the price MOVES with time normally? So, you could sell higher than bu...
Pay stubs are a mix of requirements. Some items must be there, others depend on the company, and even a union contract. I worked for one company a long time ago where the monthly coffee club dues could be an item on your paycheck. Of course every company uses different codes and abbreviations. HR may know, if I was ...
Let’s say someone supposedly fears a hyperinflation and hence the devaluation of money (or historically speaking the implementation of a new currency, e.g. post-war Germany). This extreme inflation is caused by an over aggressive political guideline, too much debt/suspensions (in those current times), external factors ...
How to protect your money from a hyperinflation?
There is no standard way to determine the answer to the second question: > Question #2: What would be the portion of monthly payment for each? > > Two of the investors will live in the property and the other does not. > (If none lived in the home, the rent would be 3K that would cover > mortgage and taxes.) ...
Stock A has a bid price of $100.08, an ask price of $100.10 and a last trade price of $100. I take that to mean that if I buy the stock at $100.10 then I will have lost a total of two cents. How does a person make a profit when buying and selling stock? Do I wait until the bid price is higher than the ask price t...
> My question is how does a person make a profit when buying stock? By selling higher than he bought or buying lower than he sold (for short). YOu are nice to point out you know what bit and ask are, with example - but are you also aware that the price MOVES with time normally? So, you could sell higher than buy...
> My question is how does a person make a profit when buying stock? By selling higher than he bought or buying lower than he sold (for short). You are nice to point out you know what bit and ask are, with example - but are you also aware that the price MOVES with time normally? So, you could sell higher than buy...
There is also another thing - unless you are at the rock bottom of the financial pole and have no intention to ever get more, declaring yourself bankrupt has the side effect of wiping off your assets. You do not want to declare yourself bankrupt if you have a million USD on the bank. It is an emergency setup for people...
What do you want to know specifically: > What percentage is each person entitled to? `(((((800,000-150,000)/3)+70,000)/800,000)*100) = 35.833333333%` - for the $70k person `(((((800,000-150,000)/3)+40,000)/800,000)*100) = 32.083333333%` - for the two $40k people It would be much easier for each person to ju...
On my paper brokerage account, I can see that this appears to not hold true ... Daily P&L Financial Instrument Position Last Market Value Prior Close Change (Last - Prior Close) 310 SPY 100 372.1 37,210 369 3.1 178 SPY Dec30'20 369 CALL 1 ...
Should the change in price of a synthetic (long call + short put) ever be different from the change in price of the underlying?
On my paper brokerage account, I can see that this appears to not hold true ... Daily P&L Financial Instrument Position Last Market Value Prior Close Change (Last - Prior Close) 310 SPY 100 372.1 37,210 369 3.1 178 SPY Dec30'20 369 CALL 1 ...
Gaps (the difference between the close and open prices of two consecutive periods) between two days can be understood by the many events that may happen between the market closing and the market opening. However, what can explain gaps in a one-minute time frame of an intraday chart? [Example of a candle intraday ch...
What explains minute time frame stocks gaps?
If you use last prices to evaluate the P&L of a position, it may be off because of stale quotes (the last trade in the option traded before the SPY closed). In addition, your Market Value is using the last price so you are not taking into account the B/A spreads and it's possible that is exaggerating the gain on t...
Gaps (the difference between the close and open prices of two consecutive periods) between two days can be understood by the many events that may happen between the market closing and the market opening. However, what can explain gaps in a one-minute time frame of an intraday chart? [![Example of a candle intraday ...
Gaps (the difference between the close and open prices of two consecutive periods) between two days can be understood by the many events that may happen between the market closing and the market opening. However, what can explain gaps in a one-minute time frame of an intraday chart? [![Example of a candle intraday ...
I am studying the option price data for SPY Call Credit Spread 373/372 expiring Jan 15, 2021. According to this chart, on 12/24/2020, the price ranged from -0.87 to -0.02. At least that is what I gather because top wick of the candle is a -0.02 and bottom wick points to -0.87. However, when I went back in time and watc...
For the sake of putting in an answer: 1. Assuming this is a **pure BTC-universe action**. So this only applies to someone who **has a pile of BTC** and is **keeping it long-term**. So, you are considering BTC "a currency" - you have no concern with, care about, or involvement with, the ever-changing exchange rates...
In the case that your annual income is right in the limit between one tax bracket and the next tax bracket, can contributing to a 401k or IRA reduce your present income declaration in such a way that your taxes fall into a smaller tax bracket? Does it apply the same way between traditional and Roth 401Ks/IRAs? p....
Could a 401k or IRA contribution switch my current taxable income to a lower tax bracket? Is this the same for traditional and Roth 401k?
If you use last prices to evaluate the P&L of a position, it may be off because of stale quotes (the last trade in the option traded before the SPY closed). In addition, your Market Value is using the last price so you are not taking into account the B/A spreads and it's possible that is exaggerating the gain on t...
Do I have to pay taxes on my capital gains when they're still less than my carryover capital losses?
My wife and I have half our savings in a low risk index fund. We have the other half in a cash account (almost 0 interest rate). Our thinking is that, if there's a long term market crash (e.g. Great Depression) and the value of our index fund plummets, and we happen to have no job income for years, we'll need money t...
Is it wise to keep some savings in a cash account to protect against a long term market crash?
I don't know how to resolve this with my name upheld and all monies intact. I recently was approved for a small personal loan. This is the first time I've ever gotten a loan. I received a $1210.check in the mail. I first tried cashing it at a Walmart. They turned me away because, according to them, there was too much p...
> Our thinking is that, if there's a long term market crash (e.g. Great Depression) and the value of our index fund plummets, People were having these exact same thoughts 10-11 years ago after the market fell due to the bursted real estate bubble. > and we happen to have no job income for years, we'll need money ...
My wife and I have half our savings in a low risk diversified account (WealthFront - mostly bonds, some stocks). We have the other half in a high interest cash savings account (0.35% interest). Our thinking is that, if there's a long term market crash (e.g. Great Depression) and the value of our index fund plummets, ...
For a check to be honored it must be endorsed by the payee. That means for your original check to be negotiable, the payee (you) had to have signed it. Did you sign it? If so, then it became negotiable and cashable at that point. In the old days ANYBODY could cash a negotiable instrument legally. However, in our new to...
Recently there is a new ETF to track the Nasdaq 100. Its symbol is QQQM. It is very similar to QQQ and it has lower expense ratio. I understand that QQQ is better known and has a smaller spread between the bid and the ask. For somebody who is going to buy and hold for a long period of time, a larger bid ask spread does...
For stocks in companies that pay dividends, is this just for holding any stock or is the dividend paid per stock? Like a dividend of $10. Is that $10 for holding 200 stock or $10 per stock?
For stocks in companies that pay dividends, is this just for holding any share, or is the dividend paid per share? For example, a dividend of $10: is that $10 for holding 200 shares of stock or $10 per share of stock?
I'm a college student and I've made around 5k in the past 3 months trading. Do I even need to pay capital gains tax? I don't know anything about taxes
I have one credit card, which is the only line of credit that I've ever had. I've never missed a payment, keep my credit utilization ratio reasonably low, and haven't had any other negative impacts on my credit rating. As such, my credit rating is consistently in the high 700s, but I'd like to get it over 800. On sites...
Should I open a second credit card just to improve my credit score?
Does a person make a profit when the bid price is higher than what was originally paid for the share? I know that you buy the ask, sell the bid, but if I ask to sell a share at a higher number than what I paid for it, especially if the share is appreciating in value, do I stand a higher chance at making a profit?
> Our thinking is that, if there's a long term market crash (e.g. Great Depression) and the value of our index fund plummets, People were having these exact same thoughts 10-11 years ago after the market fell due to the bursted real estate bubble. > and we happen to have no job income for years, we'll need money ...
I have recently purchased a few large items of furniture for my new home and paid a ~25% deposit on these. To pay off the remainder I can pay in full or pay monthly with a **0% APR** payment plan. e.g I spent £2000 on furniture and put a £500 deposit down, leaving a £1500 remaining balance. The options are to pay th...
Is 0% APR ever a bad idea?
I think the main question here is an administrative one: do you want the hassle of having to deal with the payments for 4 years? Often these contracts have terms that mean that if you miss a single payment, you can get hit with quite big costs, such as paying a higher rate of interest on all the payments. So it's wo...
I read [this answer](https://travel.stackexchange.com/a/161830/1810) from [Hilmar](https://travel.stackexchange.com/users/13971/hilmar): > Airlines have devalued their loyalty programs a lot in recent years. Why have airlines devalued their loyalty programs a lot in recent years?
Why have airlines devalued their loyalty programs a lot in recent years?
Suppose I stayed in multiple countries in a year for significant durations ( say 3 months each in 4 nations) and further assume that double taxation avoidance treaties are in place so how does one determine which jurisdiction one pays taxes in? For arguments sake say we are considering US, UK or German laws for exam...
Yes, there are circumstances, including perhaps yours, where taking the “0% financing” option is a bad idea. Generally, the fine print of these types of arrangements include a snarl: The interest accrues, but is forgiven at the end. However, if you are late on any payment, the 0% deal goes away, and they add in all o...
>Does a person make a profit when the bid price is higher than what was originally paid for the share? Only if the person _sells_ for that bid price, meaning they place an order and get it executed at that price. >I ask to sell a share at a higher number than what I paid for it, especially if the share is appreci...
I understand that to be taxed long term capital gains tax you must hold your shares for more then a year before selling at a profit. My question is, does the 1+ year time frame get counted from the day you first purchase a companies stock or does the timing start over each time your purchase a stock even if it is from ...
Yes, there are circumstances, including perhaps yours, where taking the “0% financing” option is a bad idea. Generally, the fine print of these types of arrangements include a snarl: The interest accrues, but is forgiven at the end. However, if you are late on any payment, the 0% deal goes away, and they add in all...
> Our thinking is that, if there's a long term market crash (e.g. Great Depression) and the value of our index fund plummets, People were having these exact same thoughts 10-11 years ago after the market fell due to the bursted real estate bubble. > and we happen to have no job income for years, we'll need money ...
There is a limited partnership (an LLC taxed as a partnership) that owns various assets. If I buy interests in the partnership from existing limited partners at an arbitrary price, how is the cost basis of the assets computed. For example, lets say it owned: 1 Oz of Gold worth $1887 at time of writing but acqu...
Finviz is a popular stock screener and is recommended by many traders. However, when I put a filter of "shorted more than 30 percent" (https://finviz.com/screener.ashx?v=111&f=sh_short_o30), it did not show me GME whose short percent is higher than 30 as seen here: https://www.marketwatch.com/investing/stock/gme ...
Why is finviz now showing some stocks?
My wife and I have half our savings in a low risk diversified account (WealthFront - mostly bonds, some stocks). We have the other half in a high interest cash savings account (0.35% interest). Our thinking is that, if there's a long term market crash (e.g. Great Depression) and the value of our low risk diversified ...
Why is finviz not showing some stocks?
Finviz is a popular stock screener and is recommended by many traders. However, when I put a filter of ["shorted more than 30 percent"](https://finviz.com/screener.ashx?v=111&f=sh_short_o30), it did not show me GME whose short percent is higher than 30 [as seen here]( https://www.marketwatch.com/investing/stock/gme)...
Let's say you sell an equity on the 1st of the month for a loss. On the 10th of the month, you sell a put on the same equity. If the put is not exercised by the counterparty of the put within 30 days, is it still a wash sale? (I'm assuming that if they buyer of the put exercises within 30 days, it's a wash sale....
Is selling a put a wash sale if the buyer does not exercise within 30 days of purchasing the put?