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>Does this mean the cost of revenue is zero?
Probably not, but it may be insignificant (e.g. < 1% of gross profit). If the software is completely online (e.g. no CDs or packaging) then I could see a very small COGS, and all costs would be indirect (salaries, R&D, advertising, etc.). It's also possible that the compa... |
Is the S&P 500 index (SPX) often mentioned in business news a capped or non-capped index? I mean, is the weight of a single company, or a single sector capped by a maximum percentage?
And, is it a Total Return or a Price Return index? Some sources on the Internet say it is a Total Return index (Dividends are reinves... |
I'm trying to calculate an investment's rate of return but getting very strange results. I made 6 different example scenarios to understand the logic behind XIRR calculation and just to test the results. In some cases I got the error messages and in the other cases just strange results.
Can anyone explain what I'm doi... |
How to interpret XIRR? |
XIRR is an _annualized_ return, meaning the return for that time period if the same return were earned for an entire year. Therefore, it needs to know the time period between transactions in order to annualize the returns.
For #2: XIRR requires transactions to happen on different days. Your transactions happen on th... |
XIRR is an _annualized_ return, meaning the return for that time period if the same return were earned for an entire year. Therefore, it needs to know the time period between transactions in order to annualize the returns.
For #2: XIRR requires transactions to happen on different days. Your transactions happen on th... |
I received a cheque 3 months ago, which my client gave me to start a project and there's no date on the cheque. My client told me to ask him before depositing the cheque. The cheque was the advanced payment for the work. So I didn't start or complete anything the client wanted me to do.
So it's been 3 months. I've b... |
One example brought to the question is the case of the pharmaceutics company Mylan that completed the merger with a Pfizer division and Upjohn to form Viatris(VTRS) on November 15 approx.
What does a steep decline and recovery mean? That period variation was **2.10**$-24.88$
What has happened from Nov 10 to Nov 17... |
What do abrupt price fluctuations mean for a stock? |
One example brought to the question is the case of the pharmaceutics company Mylan that completed the merger with a Pfizer division and Upjohn to form Viatris(VTRS) on November 15 approx.
What does a steep decline and recovery mean? That period variation was **2.10**$-24.88$
-What has happened from Nov 10 to Nov 1... |
One example brought to the question is the case of the pharmaceutics company Mylan that completed the merger with a Pfizer division and Upjohn to form Viatris(VTRS) on November 15 approx.
What does a steep decline and recovery mean? That period variation was **2.10**$-24.88$
-What has happened from Nov 10 to Nov 1... |
I would like to open a LLC in the US in order to have access to some online brokers, like Interactive Brokers and Robinhood. I understand I will need to file an annual report with the state (Wyoming for example) and pay $52 fee. However the tax reporting is really confusing.
From what I understand I don't have to pa... |
I'm EU national, I've been living in UK for the past 10 years, I'm a permanent resident here, working full time. My parents live abroad, they've never lived in UK and they will never move here. They're planning to send me a large amount of money as a birthday present and I've got some questions:
1. Do I need to pay a... |
⁹Do I need to pay tax or declare money my parents send me from abroad? |
I'm a US resident and I've saved > $100k cash for a home deposit. I expect to finance a home in the next 12 months. Currently the cash is split between Bank savings account and a couple of money market accounts (like FMOXX).
Are there higher yield, short term alternatives for this type of saving? |
Where to keep savings for home loan deposit? |
Do I need to pay tax or declare money my parents send me from abroad? |
Why are depositories and clearing centers still used? I imagine that before the depository kept real securities in some safe and gave physical receipts about the presence of such a quantity of funds in such an account. But today all securities are just information on servers, all this (in theory) can be processed by th... |
Why do we need a depository and clearing center today? |
I imagine that Back In The Day, the depository kept real securities in some safe and gave physical receipts about the presence of such a quantity of funds in such an account. Today, though, all securities are just information on servers, so all this (in theory) can be processed by the exchange itself or the bank in whi... |
I'm a US resident and I've saved > $100k cash for a home deposit. I expect to finance a home in the next 12 months. Currently the cash is split between Bank savings account and a couple of money market accounts (like FMOXX).
Are there higher yield, short term alternatives for this type of saving? Note I'm not after ... |
Suppose I buy a deep-in-the-money call option, it expires in-the-money, and I take delivery of the underlying stock at the strike price. Will a realized loss equal to the premium of the option be recorded according to US tax law? |
Suppose I buy a deep-in-the-money call option, it expires in-the-money, and I take delivery of the underlying stock at the strike price. Will a realized loss equal to the premium of the option be recorded according to US tax law?
It appears to me that the wash sale rule will apply, but I do not sell the option at a ... |
For example, the Jan 4, 2021 SPY $369 call option. After the market closed (i.e. at 4pm in New York), SPY was below $339 and yet the quote for the option continued to fluctuate. It currently has a bid price of $.07 and I am watching the quote change in real time, at 4:13pm.
I thought that the option had an expiry ... |
When *exactly* do options expire? |
so i’ve been messaging a sugar daddy back and forth. we agreed on a certain amount of money a week but he ended up saying he was going to send me 3x the amount of what we agreed on. he told me i was going to do something with that money, a way for him to trust me. basically he ended up saying i would keep the rate we a... |
Yes, it's a scam. You'll send the $500, the check won't clear, and you'll be out $500 of your own money. This has all the hallmarks of a scam: a request from someone you've never met in person, them "sending" you extra money to send to someone else, and reason to act urgently - there are all huge red flags.
Consider... |
Yes, it's a scam. You'll send the $500, the check won't clear, and you'll be out $500 of your own money. This has all the hallmarks of a scam: a request from someone you've never met in person, them "sending" you extra money to send to someone else, and reason to act urgently - there are all huge red flags.
Consider... |
Most options stop trading at 4 PM ET. However, [the following options](https://www.nasdaqtrader.com/Trader.aspx?id=optionshours)
trade from 9:30 to 4:15 PM ET:
- DBA, DBB, DBC, DBO, DIA, EEM, EFA, GAZ, IWM, IWN, IWO, IWV, JJC, KBE, KRE, MDY, MNX, MOO, NDX, OEF, OIL, QQQ, SLX, SPY, SVXY, UNG, UUP, UVXY, VIIX, VIX... |
Yes, it's a scam. You'll send the $500, the check won't clear, and you'll be out $500 of your own money. This has all the hallmarks of a scam: a request from someone you've never met in person, them "sending" you extra money to send to someone else, and a reason to act urgently - there are all huge red flags.
Step b... |
Most options stop **trading** at 4 PM ET. However, [the following options](https://www.nasdaqtrader.com/Trader.aspx?id=optionshours)
trade from 9:30 to 4:15 PM ET:
- DBA, DBB, DBC, DBO, DIA, EEM, EFA, GAZ, IWM, IWN, IWO, IWV, JJC, KBE, KRE, MDY, MNX, MOO, NDX, OEF, OIL, QQQ, SLX, SPY, SVXY, UNG, UUP, UVXY, VIIX,... |
I just had somebody show off her Pokémon card collection. One of the cards is worth a lot of money now for some reason.
Why doesn't Pokémon, Inc. just print more of that particular card? Do they have some kind of written or unspoken agreement saying that they will never do things like that, on the "condition" that p... |
Why don't companies just print more of valuable items? |
> Do they have some kind of written or unspoken agreement saying that they will never do things like that...
Correct ...
> I realize that the value would drop if they did, but for them, it would still be worth it in terms of money?
Ahh ! Don't forget, if they did that: **people wouldn't buy them in the first... |
If gold were as common as lead, then wouldn't be worth much more than lead. (Sure, it's shiny, minimally reactive and conductive, so *would* be worth more than lead, but *not much more*.)
For this very reason, King Henry IV of England [outlawed alchemy][1]: more gold means less valuable gold, and therefore less wea... |
> It seems simplest to me to just deposit those checks in my bank and then make a single contribution to my IRA from my bank for the full amount of the 2 checks (+20% tax). Is that OK?
It's *almost* that easy. When you make a contribution to your IRA, you'll need to indicate to the IRA custodian that it's a 60-day r... |
Relevant(?) anecdote:
In October, 1962, the US Postal Service issued a stamp commemorating the late UN Secretary General Dag Hammarskjöld. About 121.4 million of the stamps were printed.
It was then noticed that an unknown number of the stamps had been printed with the background inverted, creating a rare and val... |
Is american call option exercise taxable event? |
I'm moving to California in Feb 2021 from Chicago, Illinois. I'm looking to sell stock through which I made $25k capital gains in long term stock.
IL capital gains tax is at 4.95% while California is at 13.3%. Does it help if I sell the stock before I leave for California or does it not matter? Reason I ask is sinc... |
I often read small one-liners here and there about circuit-breakers or IPO pipeline mechanics, but I have not found a comprehensive guide that unpacks all the moving parts of an exchange or its immediate ecosystem. Particularly interesting would be a quick historical backdrop for some of the major items (i.e. circuit b... |
I often read small one-liners here and there about circuit-breakers or IPO pipeline mechanics, but I have not found a comprehensive guide that unpacks all the moving parts of an exchange or its immediate ecosystem. Particularly interesting would be a quick historical backdrop for some of the major items (i.e. circuit b... |
I need to transfer a large sum from Chile to Canada and convert currency to Canadian. I specify the countries because fewer businesses seem to operate in Chile. I absolutely want to avoid the inter-bank exchange rate because I would lose 10,000+ compared to using the international exchange rate.
I've found some rele... |
Am I in a sugar momma scam? What’s should I do in my situation? |
Let's rephrase the question.
> Can I run an advance-fee fraud while shifting all liability to lonely,
> high, horny, and bored social media users with just two photos from a
> model?
Yes.
To answer your other question about what to do if you have already been caught up in this, all you have to do is stop mes... |
It looks like [SPDR GLD (a gold-backed ETF)][1] can be purchased on 5 different exchanges: US, Mexico, Singapore, Japan, Hong Kong. What is the difference between these? Are they just 5 different ETFs that all track gold, or are they related in some way? Why is there a need for more than one, when many (most?) investin... |
What is the difference between the SPDR GLD listed on multiple exchanges? |
None. Shares can be traded on multiple exchanges in multiple countries. There is need for more than one - heck, why are there multiple supermarkets in one city? Or even in different cities. Not every broker works in every country, exchanges are in constant competition. There is no NEED for having more than one exchange... |
I got a check for my rent for Jan 2021. I went to do a mobile deposit on 01/02/21 and I bank with Chime. It said the funds wouldn't be available until 01/04/21, so I cancelled the deposit and just cashed the check at Walmart, as I needed it immediately. Yesterday, 01/04/21, I noticed that the check had been deposited i... |
I got a check for my rent for Jan 2021. I bank with Chime and I went to do a mobile deposit on 01/02/21. It said the funds wouldn't be available until 01/04/21 so I cancelled the deposit and just cashed the check at Walmart, as I needed it immediately.
Yesterday, 01/04/21, I noticed that the check had been deposite... |
What happens to the stock price when pre-market opens at 4:00am? Will there be a significant different to the close price at 8:00pm on the previous day? I have never got up so early to watch the stock price at 4:00am. |
Options : low IV = selling, high IV = buying? |
Relevant(?) anecdote:
On October 23, 1962, the US Postal Service issued a stamp commemorating the late UN Secretary General Dag Hammarskjöld. About 121.4 million of the stamps were printed.
It was soon noticed that an unknown number of the stamps had been printed with the background inverted, creating a rare and ... |
To reiterate what D Stanley stated, it's more accurate to say that "buying pressure and selling pressure rather than volume." This refers to the buy and sell orders that are being placed rather than volume of contracts traded (there's a buyer for every seller).
To make matters more confusing, if "High volume and lo... |
My son's tuition bill includes around $100 for tuition insurance. Can I have this paid directly from the 529 account to the university, or must I pay that separately?
[Articles I've read][1] researching this discuss health insurance as not being reimbursable, but I found no discussion of tuition insurance charged by... |
School's tuition insurance charge eligible for 529 reimbursement? |
I am going to buy a health insurance policy in India. I am single, salaried and 24 years old. And I want to include my parents(both 50 yrs) too in the health insurance. I have the following queries:
- In almost all the policies, there can be at most 2 adults and their children. Now if I want to have all three of us... |
Relevant(?) anecdote:
On October 23, 1962, the US Postal Service issued a stamp commemorating the late UN Secretary General Dag Hammarskjöld. About 121.4 million of the stamps were printed.
It was soon noticed that an unknown number of the stamps had been printed with the background inverted, creating a rare and ... |
I am having some issues figuring out to calculate how the depreciation affects my tax for a rental propery. I have an example below, is that correctly calculated?
Example:
- Purchase price: `$1,500,000`
- Rehab: `$100,000`
- Land Value: `$750,000`
- Year 1 Intrest paid: `$41,632`
- Year 1 principal pa... |
I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
- Purchase price: `$1,500,000`
- Rehab: `$100,000`
- Land Value: `$750,000`
- Year 1 interest paid: `$41,632`
- Year 1 princ... |
How do fixed costs impact the value of an asset? Specifically, how do I compare condo prices with wildly different HOA fees and property tax rates (e.g. NJ vs NY)?
Should I augment the price with the [present value of the perpetuities][1]? If so, what is a practical discount rate? How do I factor in uncertainties a... |
How are property values affected by property taxes and HOA fees? |
Other answers have gone into some details about why this scheme is not likely to work. But there's a much simpler way to view it: If such a simple, obvious method could really work, why isn't *everyone* doing it? Are all the financial planners and quantitative analysts so dumb that they can't couldn't see this clear wa... |
It's not as black and white as you suggest. Perhaps one believes that the current bet is still a good one but prefers to alter the trade's parameters after price movement. Options offer you the ability to tailor the risk/reward to your liking and adjustments (rolls) achieve that.
A simple example. XYZ is $100 and... |
I'm setting up my federal tax withholdings with my employer for 2021 using the new W4 form. I'm confused about line 4b. Based on the tax as accurately as I can figure it, if I select married-filing-jointly and figure in the $4000 in tax credits I know I am due on line 3, I will end up overpaying my taxes.
To make ... |
If the average annual return for the S&P 500 is 8%, wouldn't it be far better if you only bought on days that it fell? |
What would be the average return of the S&P 500 if you only bought on days that it fell? |
The short answer is that if the long term trend is up after your initial buy and hold purchase then buy and hold will outperform your intermittent purchase strategy. If the market is down long term then the intermittent strategy will outperform. Note that this is an equal dollar comparison, eg. invest all initially ve... |
On the 2021 W-4, does the deduction amount entered include the standard deduction? |
According to a somewhat [related question](https://security.stackexchange.com/questions/242906/how-does-shutterstock-keep-getting-my-latest-debit-card-number):
> Shutterstock subscribes to Account Updater, and gets updated copies of
> your card info when it expires or is replaced.
>
> VAU is Visa's version; more... |
Are banks in the US obligated to opt you out from Visa Account Updater? |
I received a cheque 3 months ago, which my client gave me to start a project and there's no date on the cheque. My client told me to ask him before depositing the cheque. The cheque was the advanced payment for the work. So I didn't start or complete anything the client wanted me to do.
So it's been 3 months. I've b... |
I received a cheque 3 months ago, which my client gave me to start a project and there's no date on the cheque. My client told me to ask him before depositing the cheque. The cheque was advance payment for the work. So I didn't start or complete anything the client wanted me to do.
So it's been 3 months. I've been c... |
If gold were as common as lead, then it wouldn't be worth much more than lead. (Sure, it's shiny, minimally reactive and conductive, so *would* be worth more than lead, but *not much more*.)
For this very reason, King Henry IV of England [outlawed alchemy][1]: more gold means less valuable gold, and therefore less ... |
You want the reward. Can you stand the risk?
You might consider an ultra-short-term bond mutual fund. Using Vanguard's Ultra Short Term Bond Fund Admiral Shares [VUSFX][1] as an example, it has shown greater than 2% total returns per year in 1, 3 and 5 year histories.
What about risk? If someone bought and sold ... |
I'm exporting services (no goods) from the Czech Republic to the UK. Until now, based on the Czech and EU regulations, I put no VAT charges on the invoices; however, I still had to report the amount of services exported in a VIES report (EC Sales List). (The report mentions both my VAT#, the customer's VAT# and the pri... |
I have been investing (softly) in stocks in the last 2 years or so. I am not an experienced stock investor but seems to me that is a consensus that some degree of diversification is a safeR strategy. Considering that the goal is to balance safety and improve gains, I have been thinking would be a better tactic: A) div... |
Diversifying inter sector or intra sectors. What should be considered? |
I have been investing (softly) in stocks for the last 2 years or so. I am not an experienced stock investor but it seems to me that there is a consensus that some degree of diversification is a safer strategy. Considering that the goal is to balance safety and improve gains, I have been thinking that a better tactic w... |
I've contacted my bank (Bank of America) over both email and phone with no luck - it seems that there's no way to opt out of this service. A Google search for "[visa account updater opt out][1]" shows that credit unions often offer an opt out, but not major banks.
However there's a neat solution - [Privacy.com][2] v... |
Not sure if this question should be here or in the law exchange, but basically my dad cosigned my car loan for the purposes of rate reduction (as I had virtually no credit history at the time). My dad didn't put any money down, doesn't pay for any principal, and hasn't paid any of the loan's interest. I pay for everyth... |
Will a divorce affect my co-signed vehicle? |
Not sure if this question should be here or in the law exchange, but basically my dad cosigned my car loan for the purposes of rate reduction (as I had virtually no credit history at the time). My dad didn't put any money down, doesn't pay for any principal, and hasn't paid any of the loan's interest. I pay for everyth... |
I sent out a personal check with only words spelling out the check amount but I forgot to fill in the numeric amount in the box. Will my check get cashed in this way ? |
Is it valid to write check without numeric amount but with words amount? |
> Is it valid to write check without numeric amount but with words amount?
It appears so. From from [the accepted answer][1] to [the exact opposite question][2]:
> The Uniform Commercial Code section 3 covers negotiable instruments.
[§ 3-114][3]. CONTRADICTORY TERMS OF INSTRUMENT
> If an instrument contain... |
Recently, the New York Stock Exchange decided to de-list a number of Chinese Telecom stocks, and are rumored to be considering delisting further stocks, including Alibaba. I have a small stake in Alibaba, so I am wondering what impact would this have on me. In particular, would I be forced to sell my shares? Would thei... |
What impact does the delistment of Chinese stocks from the NYSE have on my holdings? |
My client gave me a cheque where I gave him the receipt for it's acknowledgement. Now my client tells me to return the cheque and is willing to pay with cash. How to edit the receipt or is there any other method? |
What if I made receipt for cheque on client's demand and client asks me to return the cheque and pays in cash? |
I want to find shares outstanding of Futu Holdings Inc. (FUTU) on NASDAQ.
[Last quarter report][1] shows income statement with `Weighted average number of
ordinary shares used in computing net income per share = 1,041,524,160`.
However, [Yahoo finance][2] shows `Shares Outstanding = 135.33M` and calculates m... |
Or should the two sets of transactions be kept separate for calculating cost basis and gains/losses?
On a related note, what if one person filing alone has accounts at multiple exchanges, should the transactions be combined when calculating gains/losses? Seems like a similar situation if spouses are considered 'one ... |
Should spouses filing together, who both have traded bitcoin, mix transactions when calculating FIFO cost basis? |
If the shares are delisted from the NYSE, you will continue to own them. The question is, where will they be listed and what access will you have to those markets?
If the legislation allows OTC BB trading, it won't be as bad as the companies being delisted and subsequently only trading on foreign exchanges. Eith... |
I read on https://www.kiplinger.com/investing/stocks/601168/spacs-to-buy:
>Generally, the SPAC ([Special-purpose acquisition company](https://en.wikipedia.org/wiki/Special-purpose_acquisition_company)) will offer at $10 per "unit." Each unit includes one share of common stock and one-fourth of one warrant, which ent... |
Why do SPAC units typically start trading at 10 USD? |
I would guess that $10 pricing just evolved from early SPACs issuing at $10 and others just followed.
It has no direct relevance but in the 90's, I participated in many traditional IPOs. Some boutique companies made it a practice of pricing their IPOs (with warrants) at the same price. Note that these were ofte... |
Because there are limitations of IRA and 401(k), such as $7000 or some people use somewhat complicated backdoor to do it "legally" have a higher amount, but also subject to penalties if the money is needed, say, when the person is 55 or 58 years old, so then, if a person can go to Europe, Northern Europe, Asia and form... |
If we can go to Europe, Northern Europe, Asia, to establish a corporation and invest in US stocks, then it is like IRA or 401K? |
If we can go to Europe, Northern Europe, Asia, to establish a corporation and invest in US stocks, then it is like IRA or 401(k)? |
My wife and I are executors of the estate of a recently deceased neighbor with no family. She had very little. She had prepaid for her funeral, which of course was very small during the current pandemic. The director was vague about things costing a lot more now, and suggested that he made little to nothing. This i... |
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