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In January of 2020, I fully funded my and my wife's Roth ($6,000 and $7000 respectively). Little did I know back then, that I'd get a sizable bonus at the end of the year, which put me over the income limits for contributing. Fast forward to January 2021, my brokerage firm helped me fill out the Return of Excess form... |
How do I do an in-kind transfer of funds from an individual to joint account in Vanguard? |
> I give money to [my employer]
You never actually did this. They allocated part of your pay to the 401(k) provider.
> Who do those stocks belong to?
They belong to the entity set up for the fund, but you own a portion of that fund.
Generally, retirement accounts won't hold equities directly, but mutual fun... |
I live in Seattle which is [well known](https://www.newyorker.com/magazine/2015/07/20/the-really-big-one) for potentially having a huge earthquake sometime in the next 1,000 years. I would like to protect my property against such a catastrophic outcome, but at the same time I have zero trust in private insurance due to... |
What is the point of indicating one's RUC (Registro Único de Contribuyentes) when making purchases in Paraguay?
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What is the point of indicating one's RUC (Registro Único de Contribuyentes) when making purchases in Paraguay? |
In Publication 519-A, section Roth IRAs -> Can You Contribute to a Roth IRA? -> What if You Contribute Too Much? -> Withdrawal of excess contributions ([here](https://www.irs.gov/publications/p590a#en_US_2019_publink1000231027) is the one from 2019), it says:
> For purposes of determining excess contributions, any c... |
I have a question about U.S. estate/gift tax law.
Imagine one person gifts an asset - i.e. a $1 million house - to another, & files a gift tax return in the year in which it was gifted. Then several years later, the recipient wants to gift the same house back to its original owner. Would this second transfer "nega... |
Gifting The Same Asset Back & Forth - 2x Lifetime Exemption Used? Or $0 Exemption Used? (U.S.) |
Gifting The Same Asset Back & Forth - 2x Exemption Used? Or $0 Exemption Used? (U.S.) |
This question is about U.S. estate/gift tax law.
Imagine a scenario where a parent gifts an asset to the child, i.e. a $500k house. It's a "completed gift" in that they file a gift tax return, & use up $500k of their lifetime gift/estate tax exemption.
Then at death, the asset is brought back into the parent's e... |
U.S. Estate/Gift Tax: If Previously Gifted Asset Is Brought Back Into Estate At Death, How To Account For Prior-Filed Gift Tax Return? |
This question is about U.S. estate/gift tax law.
Imagine a scenario where a parent gifts an asset to the child, i.e. a $500k house, in an irrevocable grantor trust. It's a "completed gift" in that they file a gift tax return, & use up $500k of their lifetime gift/estate tax exemption. However, the parent also retain... |
Generally, Stocks move the index. Can index also move the stock? |
I currently just have a Visa credit card. A place I shop at doesn't accept them. I'm looking at getting a second credit card such as Mastercard. I am surprised by how many [highly recommended cards][1] there are with annual fees. Why would someone ever want a credit card with a fee when free options are available? Is i... |
Why would someone get a credit card with an anual fee? |
Why would someone get a credit card with an annual fee? |
People pay an annual fee for:
- Extra benefits they use: cash back, airline miles, hotel perks, no foreign transaction fees...
- Extra benefits they think they will use: airline miles, hotel perks, no foreign transaction fees... ...
- Prestige: the color of the card tells everybody that they paid for the e... |
I currently just have a Visa credit card. A place I shop at doesn't accept them. I'm looking at getting a second credit card such as Mastercard. I am surprised by how many [highly recommended cards][1] there are with annual fees. Why would someone ever want a credit card with a fee when free options are available? Is i... |
For the first time in my life, at 54 (4 years ago) I signed up for a card with a $99 fee, after the first year.
My daughter was at college, and there was one airline with very convenient times to her city. The card offered a 60,000 mile bonus after spending the first $1000. That alone was worth nearly $1000 in flig... |
For the first time in my life, at 54 (4 years ago) I signed up for a card with a $99 fee, after the first year.
My daughter was at college, and there was one airline with very convenient times to her city. The card offered a 60,000 mile bonus after spending the first $1000. That alone was worth nearly $1000 in flig... |
I'm not an US citizen, but since December 2020 I'm selling some ebooks on Amazon.com.
In December 2020 I had some sales, and from what I understood, I should be getting a payment in late February of the following year (Amazon makes payments 60 days after), which means payment in February 2021.
Every year I will ... |
As MichaelA answers, the only alternative to insurance is **self-insurance**.
• This is not a whacky idea. Note that it is fairly common that corporations "don't like" insurance so they self-insure certain risks: i.e., they judge financially that it's better to self-insure.
• A simple real-world example, I have ... |
I feel like this may be a dumb question, but I’ve always only sold options that I’ve had in the money. Of course sale of an option is income and will be taxed as such (assuming it’s been held <1 year). Now, for the first time, I’d like to exercise call options to increase my equity position in the underlying stock. I c... |
Does exercising an option count as a gain? |
I’ve always only sold options that I’ve had in the money. Of course sale of an option is income and will be taxed as such (assuming it’s been held <1 year). Now, for the first time, I’d like to exercise call options to increase my equity position in the underlying stock. I can’t imagine that it would be the case, but I... |
[kiplinger.com](https://www.kiplinger.com/investing/602007/is-the-stock-market-open-on-new-years-eve-2020):
> The stock market is indeed open for a full trading session on New Year's Eve, Thursday, Dec. 31, 2020. But for what it's worth, bond traders do get a slightly shortened day; the bond markets will close up sh... |
I have a bunch of different credit cards for different purposes. Our main spending card gets 2.35% cash back at $0 annual fee.
We have one card that charges an absurd annual fee of $525. Why would ANYONE pay that? Turns out you get $300/year in travel credit which it reduces it to $225 and it comes with a free prem... |
I just started trading SPX vertical bull put spreads. Had a few winners but am not sure about picking the right credit prices. It seems like system always recommends mid prices for opening or closing positions. I have been going along with that but is there a better strategy to select open/close prices? How much higher... |
[kiplinger.com](https://www.kiplinger.com/investing/602007/is-the-stock-market-open-on-new-years-eve-2020):
> The stock market is indeed open for a full trading session on New Year's Eve, Thursday, Dec. 31, 2020. But for what it's worth, bond traders do get a slightly shortened day; the bond markets will close up sh... |
There are no rules or metrics for this. Getting a fill at a better price than the natural (say the midpoint or better) is merely a function of a counter party willing to meet you there. If the liquidity is good, it's more likely. If not, less likely.
On active days when the market is moving up or down a lot, tr... |
**Some context**
I'm not an US citizen, but since December 2020 I'm selling some ebooks on Amazon.com.
In December 2020 I had some sales, and from what I understood, I should be getting a payment in late February of the following year (Amazon makes payments 60 days after), which means payment in February 2021.
... |
after a colleague of mine left the company, I'd like to provide him/er with an equity for the work done. I'd like this equity to be dynamic, meaning that whenever a new member or investor enters, his/er equity rescales proportionally.
As an example:
Initial Equity of "Person A": 5%
New investor enters an... |
How equity works - is there a difference between rescaling equity and fixed-equity? |
I have a bunch of different credit cards for different purposes. Our main spending card gets 2.65% cash back at $0 annual fee.
We have one card that charges an absurd annual fee of $525. Why would ANYONE pay that? Turns out you get $300/year in travel credit which it reduces it to $225 and it comes with a free prem... |
Would rising interest rates (as set by fiscal and monetary policy) increase the profitability of companies that lend out money, and thus increase their equity value? |
Will rising interest rates boost financial stocks? |
I've heard that TIPs currently have a negative yield. But the VTIP ETF from Vanguard has a positive yield of about 1.2% right now. Why is that? |
If TIPS yields are negative, why do TIPS ETFs have a positive yield? |
Some credit cards offer bonuses on spending in particular categories, such as cashback bonuses or "free" upgrades. These credit cards tend to come with an annual fee. A consumer may consider this fee to be worth paying if they believe it “pays off”. For example, see some of the answers at *https://money.stackexchang... |
Do card bonuses lead to increased discretionary spending compared to more basic cards? |
So I paid off my credit card that had a balance of over $5,000. I sent a one time payment for the total amount, about $5,100 to be exact and my credit card company received the payment and reflected it on my balance to show $0. I called them and they did in fact receive the payment but the money never left my checking ... |
I paid off my credit card that had a balance of over $5,000. I sent a one time payment for the total amount, about $5,100 to be exact and my credit card company received the payment and reflected it on my balance to show $0. I called them and they did in fact receive the payment but the money never left my checking acc... |
From a CC company's profit perspective the question is does it increase purchases enough to offset the cost? I agree the answer is yes but can think of more than one reason.
1. Some spend more thinking of the rewards.
2. Some use the specific CC instead of another form of payment to get the reward.
Both increa... |
I would appreciate you help with my question.
I opened a DBA in Texas for my rental property a year ag. The DBA is coming without any identification number, what's mean that I can't pay my tax return.
When I'm trying to do my tax return in it's required my ITIN number (Which I don't have)
but when I trying to file... |
> [T]he VTIP ETF from Vanguard has a positive yield of about 1.2% right now.
Are you sure? According to [Vanguard][1], the 30-day SEC yield for VTIP as of 01/07/2021 is
-1.44%
For reference:
> **How TIPS Can Have Negative Yields**
> The answer is that the yield on a TIPS bond is equal to the Treasury b... |
> [T]he VTIP ETF from Vanguard has a positive yield of about 1.2% right now.
Are you sure? According to [Vanguard][1], the 30-day SEC yield for VTIP as of 01/07/2021 is
-1.44%
Assuming it has a positive yield, it's possibly due to the fact that the ETF holds a broad portfolio of TIPS purchased at different pr... |
I live, work, and pay my taxes in the UK.
Sadly, my mother recently died. I am about to inherit some of her assets, which are all located in Italy, where she lived. I'll be inheriting a 25% share of the house where my father currently lives and will keep on living for the foreseeable future. I'll also inherit some o... |
About to inherit assets located in Italy as a UK resident. Any tax liabilities, and if so, where? |
> [T]he VTIP ETF from Vanguard has a positive yield of about 1.2% right now.
Are you sure? According to [Vanguard][1], the 30-day SEC yield for VTIP as of 01/07/2021 is
-1.44%
Assuming it has a positive yield, it's possibly due to the fact that the ETF holds a broad portfolio of TIPS purchased at different pr... |
> [T]he VTIP ETF from Vanguard has a positive yield of about 1.2% right now.
Are you sure? According to [Vanguard][1], the 30-day SEC yield for VTIP as of 01/07/2021 is
-1.44%:
> **The yield quoted is the real yield, or the yield before adjusting for inflation. The actual yield of Vanguard Inflation-Protecte... |
I paid off my credit card that had a balance of over $5,000. I sent a one time payment for the total amount, about $5,100 to be exact and my credit card company received the payment and reflected it on my balance to show $0. I called them and they did in fact receive the payment but the money never left my checking acc... |
I recently got involved with someone Over the internet and I asked him if he wanted me to be his sugar baby. Long story short he agreed and sent me money to be his sugar baby. I told him I was going to go and see him but I lied because I didn’t know this man. So he said he contacted the fbi and said if I didn’t send th... |
I need some help with the correct math to help me answer this question.
I have a CD that has a 10 year term, earning 4%, that I put $25,000 into to start. I have roughly 2 years remaining on my CD.
I have a mortgage on my house for $220,000 dollars with a rate of 2.5% for 15 years.
Would it be to my advantage ... |
Should I take money out of my CD to pay towards my mortgage? |
> Do card bonuses lead to increased discretionary spending compared to more basic cards?
**This highly depends on the card owner's personality.** As someone who has migrated from cash only, to cards with no benefits, to cards with points and/or cash back, I can tell you from personal experience that as soon as I tra... |
> Do card bonuses lead to increased discretionary spending compared to more basic cards?
**This highly depends on the card owner's personality.** As someone who has migrated from cash only, to cards with no benefits, to cards with points and/or cash back, I can tell you from personal experience that as soon as I tra... |
I need some help with the correct math to help me answer this question.
I have a CD that has a 10 year term, earning 4%, that I put $25,000 into to start. I have roughly 2 years remaining on my CD.
I have a mortgage on my house for $220,000 dollars with a rate of 2.5% for 15 years.
Would it be to my advantage ... |
All else being equal, earning 4% in a CD is better then "earning" 2.5% by paying extra on the mortgage (every $100 you put towards the mortgage reduces your interest by $2.50, effectively "earning" 2.5%). But you need to take the tax and penalty into consideration.
CD interest _is_ taxable, so if his marginal tax br... |
Long-time lurker, first time asker...
I have a positive problem. We are a family of four with two small kids with one working parent (me). We have very little debt: our only debt is our mortgage, which we refinanced last year down to 15 years at 2.875% (shaving off 9 years from our original loan). We have a ton o... |
Excess income after fully funding all retirment accounts. Now what? |
Consider a situation where a stock that was performing normally for a while crashes, say because news about a catastrophic development in the company become public. The share price drops from 85 to 30 USB during one hour, in what on the chart looks like a straight, steeply diving line, before recovering.
I have set ... |
When selling stocks at a stop-loss price during a crash, who do I actually sell them to? |
>So who, and why, actually purchases stocks in the few minutes of an ongoing crash?
Other investors who are willing to buy at your price (for reasons unknown). You seem convinced that if you are certain of a downfall, then everyone else is too. But some may see it as a _value buying opportunity_. Perhaps other inves... |
>So who, and why, actually purchases stocks in the few minutes of an ongoing crash?
Other investors who are willing to buy at your price (for reasons unknown). You seem convinced that if you are certain of a downfall and the future is hopeless, then everyone else is too. But some may see it as a _value buying opport... |
If you are skilled enough to know that `there is no upturn in sight for the next few minutes` then you should be shorting the stock during the drop and racking up nice gains. Collapsing share price (in minutes) and parabolic share price increase (in minutes) can reverse sharply in a heartbeat.
In your hypothetical ... |
Excess income after fully funding all retirement accounts. Now what? |
> Do card bonuses lead to increased discretionary spending compared to more basic cards?
**In general, yes.** [Here's a study][1] that proves most people do spend more. (Download the entire study [here][2].)
However, it highly depends on the card owner's personality. As someone who has migrated from cash only, to... |
First of all, congratulations on what you've accomplished.
About the only remaining conventional tax-advantaged option is a Health Savings Account (HSA), and that's only available if you have a high-deductible health plan. Deposits into an HSA are pre-tax, and can be used for just about any medical expense.
After... |
I am a Canadian born to an American-born Canadian father and an Eritrean mother. We live in Canada, where I was born.
Because of insane laws, I am still required to pay taxes in the countries I don't live in but where my parents were born.
I figure I need to pay my Canadian taxes first, but I'm not 100% sure.
... |
What taxes does an Eritrean-American-Canadian citizen Canadian resident pay first? |
With the recent economic struggles due to the Covid-19 pandemic the stock market seems to be even more interesting for personal investments. Taking out a loan might be one of the ways to gather or boost the available assets.
I did a quick back-of-the-envelope calculation: I checked with my bank, I can get a credit f... |
Is my back of the envelope calculation about taking out a loan to invest into the stock market flawed? |
Is my back-of-the-envelope calculation about taking out a loan to invest into the stock market flawed? |
Consider a situation where a stock that was performing normally for a while crashes, say because news about a catastrophic development in the company become public. The share price drops from USD 85 to USD 30 during one hour, in what on the chart looks like a straight, steeply diving line, before recovering.
I have ... |
As I am using Degiro, I have no access to cryptocurrencies. However, when looking for "Bitcoin", I found this action: [Bitcoin Group SE][1]
It looks like the chart of this action is following the bitcoin one. So what is it exactly?
[![enter image description here][2]][2]
Thank you for your help
[1]: https... |
What is this action? (Bitcoin Group SE) |
if a company is traded in 2 stock exchanges, and my broker allows me to buy the stock in both exchanges, is it possible to buy the stock at 1 exchange and move to the other?
does it matter if the 2 exchanges are in different currencies? |
Any scheme of borrowing money to "invest" is in fact a gamble and should be avoided. Stick to your own money for investments.
Nobody can predict the market and so can't you. 4% interest rates for a government bond sounds like a banana republic given the amount of money central banks are pumping into the market to bu... |
Bitcoin Group SE is a German venture capital company so this is shares of a company that happens to be have "Bitcoin" in the name and so is not a crytpocurrency at all. According to the English language section of their website (https://www.bitcoingroup.com/en/) they are deeply invested in banks that deal in Bitcoin (a... |
With the recent economic struggles due to the Covid-19 pandemic the stock market seems to be even more interesting for personal investments. Taking out a loan might be one of the ways to gather or boost the available assets.
I did a quick back-of-the-envelope calculation: I checked with my bank, I can get a credit f... |
# Is it risky?
One of my colleague's answers reads *"Any scheme of borrowing money to "invest" is in fact a gamble and should be avoided."*
That sentence is not really correct.
ALL trading is a gamble.
The overwhelming majority of folks who take up "day trading" (rofl) of course lose money (usually spectacu... |
I'm interested in understanding how the sale price of a company passes through an LLC and ultimately finds its way to the founders.
Let's say i have a startup which is filed as an LLC, taxed as an s-corp, and there are two founders with 50% shares each. assuming its just the two founders that receive the sale price ... |
When selling a startup, how is the sale price taxed? |
In general, in a covered call scenario, does any trade on the options contracts trigger a realization of capital gains on the underlying? I am not concerned about the reset of the holding period on the underlying.
Say, I have 100 AAPL stock with $1000 in unrealized gains, and I opened a short call option today. Then I... |
Does closing an unqualified covered call option result in realization of gains on the underlying? |
Personal rule for borrowing money in order to 'invest' it in anything:
Assume your investment will lose all of its value *and* you lose your job and need to live off your savings for 6 months to a year while still repaying the debt.
In that scenario, are you OK?
If yes, then consider the investment.
If no, ... |
In general, in a covered call scenario, does any trade on the options contracts trigger a realization of capital gains on the underlying? I am not concerned about the reset of the holding period on the underlying.
Say, I have 100 AAPL stock with $1000 in unrealized gains, and I opened a short call option today. Then... |
# Is it risky?
One of my colleague's answers reads *"Any scheme of borrowing money to "invest" is in fact a gamble and should be avoided."*
That sentence is not really correct.
ALL trading is a gamble.
The overwhelming majority of folks who take up "day trading" (rofl) of course lose money (usually spectacu... |
# Is it risky?
One of my colleague's answers reads *"Any scheme of borrowing money to "invest" is in fact a gamble and should be avoided."*
That sentence is not really correct.
ALL trading is a gamble.
What the sentence in italics is trying to express is that **"you are risking losing cash you don't have".*... |
Any scheme of borrowing money to "invest" is in fact a gamble and should be avoided. Stick to your own money for investments.
Nobody can predict the market and neither can you. 4% interest rates for a government bond sounds like a banana republic given the amount of money central banks are pumping into the market to... |
I am a Canadian citizen who worked in the US (on a TN visa) for 8 years before I returned to Canada. FICA payments were deducted from my salary. I did not meet the threshold. Are these payments transferable to the Canadian SS system? |
Are FICA payments deducted from Canadian citizens working in the US transferable to Canada when they return? |
Personal rule for borrowing money in order to 'invest' in any kind of publicly available thing.
Assume your investment will lose all of its value *and* you lose your job and need to live off your savings for 6 months to a year while still repaying the debt. (If you think losing its value is unrealistic, then assume ... |
I had an auto loan from 2011. All but about 1,800 USD was paid off. Various financial challenges and a dose of me sticking my head firmly in the sand led to the account being charged off. I would like to make it right, though, and I finally have the money to do so. I would also like the best feasible outcome for my... |
I had an auto loan from 2011. All but about 1,800 USD was paid off. Various financial challenges and a dose of me sticking my head firmly in the sand led to the account being charged off. I handled this very poorly and learned from it. Now I would like to make it right, though, and I finally have the money to do so... |
I'm currently saving for a first home down payment (in USA), but don't want to keep a large pile of money sitting in a low-yield savings account while I'm looking for the right home. I want to find a place to earn some returns but where that money isn't subject to volatility risk and still easy to liquidate when the ti... |
Best place to keep savings for home down payment? |
First off, congratulations on getting mostly debt free and having so much extra!
That said, even though $700 extra sounds like a lot, it isn't. You already have a 1 year emergency fund, so that's good, which wipes out my first suggestion. You also wiped out my next suggestion, which is looking at improvements to you... |
First, are you certain that you are selling the startup itself as opposed to selling the assets of the startup? Often for smaller startups, the assets are sold rather than the startup. In this case you still own the startup, but the startup doesn't have much left.
This makes a big difference:
- Sales of assets... |
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