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I logged into several of my retirement accounts to download all of their most recent quarterly statements and found a few did not have their statements rendered yet for download.
Is there some seasonal thing to this, where end of year has this larger than normal demand for statement computations that have to go thro... |
Do end of year statements take longer to generate than mid-year statements? |
1. Company received unemployment claim in my name (with slight mispelling of my first name)
2. I still work for the company.
3. I have no filed anything. The paperwork has my SSN.
What are my next steps and concerns here? Goals are to cancel this claim, but also to try to figure out if I should have any identit... |
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... |
I am new to the stock market and the Day Trade. I need your help to clarify some definitions (from Fidelity):
1. "A Day Trade is defined as an opening trade followed by a closing trade in ***the same security*** on the same day in a Margin account."
"***the same security***" ---- means the same stock? or it mea... |
I'm looking for cheapest options broker available, and stumbled across Firstrade.
They don't charge commission or fee, but unfortunately they collect SEC Fee and Options Regulatory Fee when selling or buying options https://www.firstrade.com/content/en-us/pricing.
So is there broker available which doesn't charge a... |
Is there completely free options broker? |
First, I will point you to FINRA's page [Day-Trading Margin Requirements: Know the Rules](https://www.finra.org/investors/learn-to-invest/advanced-investing/day-trading-margin-requirements-know-rules). It covers all of your questions and more.
To answer each of your questions:
1. A day trade is when you buy and ... |
All U.S. brokers must comply with SEC regulations.
Are you aware that as of February 18, 2020, the SEC Fee rate is $22.10 for every $1,000,000 in sale proceeds? It's listed at [your broker's web site](http://www.firstrade.com/content/en-us/pricing). That amounts to about two cents for a $1,000 trade.
|
1. Company received unemployment claim in my name (with slight mispelling of my first name)
2. I still work for the company.
3. I have no filed anything. The paperwork has my SSN.
What are my next steps and concerns here? Goals are to cancel this claim, but also to try to figure out if I should have any identit... |
1. Company received unemployment claim in my name (with slight mispelling of my first name)
2. I still work for the company.
3. I have no filed anything. The paperwork has my SSN.
What are my next steps and concerns here? Goals are to cancel this claim, but also to try to figure out if I should have any identit... |
The Financial Times has that information in a drop-down list under the name.
Try e.g. https://markets.ft.com/data/equities/tearsheet/summary?s=K:NYQ |
I wrote covered calls against multiple lots of company A stock, each lot with a different cost basis. I originally bought the shares through eTrade, later transferring them to Vanguard. Only a portion of my calls will expire in the money, and I didn't specify lots when I wrote the calls. Because the transfer didn't inc... |
Can I select lots for exercised covered calls on transferred shares where I'm tracking the cost basis? |
Is my back-of-the-envelope calculation about taking out a loan to invest into the markets flawed? |
"Never invest anything you aren't comfortable losing" is some of the best financial advice out there.
If you lose everything, are you ok? Will you still have a house, food on the table, will your relationships endure the strain, etc.?
If your investment is borrowed money, then losing everything doesn't bring you ... |
When you sell shares (no options involved):
> If you plan to use any method besides FIFO, including LIFO, you must specifically direct your broker as to which shares to sell so that your taxes end up the way you want. According to Internal Revenue Service Publication 550, the burden is on you to prove that you infor... |
My Company changed their 401K platform due to a partner split. Prior to this change I took out my portion and rolled it into an IRA. Two months later when they rolled all other employees amounts over to the new platform they had the numbers wrong and added my previous amounts to it. What are my legal options here? They... |
I am reading AAA Term Life Insurance offer. I am wondering that the rate will stay inside the same group until the end of the insurance (80 years old) or will jump to a different group when you are older and older? For example, if I am in the 55-59 group right now, a few years later, I will use the rate for 60-64, 65-6... |
Term Life Insurance rate will stay inside the same group? |
I opened account in a TD bank. Bank had promotion going on in August 2020. I close account in same bank before 2 years.
Promotion T&C was starts with
> Offer is available to new personal checking Customers who do not have an existing or prior personal checking account at TD Bank within the preceding 12 months, ... |
How to check bank bonus web page from last year? |
When you sell shares (no options involved):
> If you plan to use any method besides FIFO, including LIFO, you must specifically direct your broker as to which shares to sell so that your taxes end up the way you want. According to Internal Revenue Service Publication 550, the burden is on you to prove that you infor... |
I have accounts in a couple brokerages. I trade stocks just fine, however I miss any good understanding of some fundamentals, and how things work under the hood. I'm confused about stocks being traded in multiple exchanges.
As an example, take FB ticker.
Based on my understanding FB is traded at least on those exc... |
can I trade stocks in IEX with Interactive brokers? |
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... |
> So, my question is "Can I trade FB specifically in IEX using my
> account?
Yes.
> Does NASDAQ.NMS mean NASDAQ,
Sort of. NMS means National Market System, and the venues such as IEX participate in NMS.
> or the query to buy FB could be eventually executed by some other
> exchange, not necessarily NAS... |
> My Company changed their 401K platform due to a partner split. Prior
> to this change I took out my portion and rolled it into an IRA. Two
> months later when they rolled all other employees amounts over to the
> new platform they had the numbers wrong and added my previous amounts
> to it.
If they made an err... |
> I am reading AAA Term Life Insurance offer. I am wondering that the
> rate will stay inside the same group until the end of the insurance
> (80 years old) or will jump to a different group when you are older
> and older?
Term life insurance has options, besides the amount of insurance. The most important is the... |
I am very close to surpassing the VAT threshold. I’ve currently taken £80,525, and my next payment is due on Thursday. I told my client that I will have to charge them VAT on the next payment, which is £5000, so with VAT, it’s £6k. So £6k due on Thursday.
I’ve seen on the UK government website that I can’t charge V... |
Charging Customers VAT Before Receiving VAT Number - Unnecessary Loss of Income to HMRC? |
I am very close to surpassing the VAT threshold. I’ve currently taken £80,525, and my next payment is due on Thursday.
I told my client that I will have to charge them VAT on the next payment, which is £5,000, so with VAT, it’s £6k.
However, I’ve seen on the UK government website that I can’t charge VAT until I... |
Should I Charge Customers VAT Before Receiving My VAT Number? |
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... |
> I am wondering that the rate will stay inside the same group until the end of the insurance (80 years old)
Yes. For a term life insurance you lock in the premium at the start date and it stays fixed either until it expires or you die.
> That means no money back at the end?
"Term Life Insurance" means no mon... |
I am reading AAA Term Life Insurance offer. I am wondering that the rate will stay inside the same group until the end of the insurance (80 years old) or will jump to a different group when you are older and older? For example, if I am in the 55-59 group right now, a few years later, I will use the rate for 60-64, 65-6... |
If I have a margin Day Trade account, after some transactions/tradings there is only $25,000 cash in this account now.
There are some cases for this Day Trade account I need to know its status. Please help:
case 1: If I buy $10,000 worth of stocks in the morning, only $15,000 cash left, the above account still m... |
Some clarification first because it is not clear how many day trades you made and in what time period.
You can only trade settled cash in a CASH ACCOUNT. That means that with T+2, the funds from a sale will not be available for two days. There is no limit to how many day trades you can make in a cash account as ... |
As others have said, you can put that money into index funds or pay down your mortgage. Personally, I'd put it in index funds:
- Paying down the mortgage effectively "earns" a 2.875% "return" on interest you didn't have to pay. Do you think index funds could earn a higher return? If so, index funds will make you mor... |
I'm in the process of buying my first home and I know the typical advice of not taking out any new credit lines. I'm wanting to start investing in some stocks and was wondering if that would interfere with my loan at all? Should I wait until after closing to invest or jump into it now? Was planning on starting small an... |
Can I buy/trade stocks while waiting to close on a house? |
Borrowing money to make an investment is called [leverage][1]. If the interest rate of the borrowed money is less than the return on the investment (considering of course all taxes and fees) then it is a profitable proposition.
Leverage is common in investing, though perhaps not in the specific way you describe. Som... |
Depends, how easy is it to discharge the loan you mention?
How certain are you that you will best the interest required?
How would you arrive at your conclusion?e.g. What research have you done and why do you believe this is enough?
What are your plans if your investment loses in value?
How much could your inve... |
Box 10 (for dependent care FSA) shows $4423. I elected, contributed, and was reimbursed 5000 according to the benefit provider, but only actually had 4423 withheld according to the payroll provider. That's 3 paychecks worth of missing contributions. I'm wondering if there's something wrong that I need to get corrected,... |
What should I do if my Dependent Care FSA amounts are inconsistent? |
When creating a Purchase Order and paying with a credit card, who should the vendor be? |
Online you can find a lot of resources explaining vesting and cliffs.
They all assume that we're talking about a fixed one-time amount of stock.
How does vesting work exactly if stock is part of a regular compensation?
Can someone explain with a concrete example?
E.g. let's assume:
Annual compensation comprise... |
How does stock vesting and cliffs work for employment compensation? |
>What would be the exact amount of stock that you actually receive in/after year 1, 2, 3, 4, and say 5?
It depends on the value of the stock at the time of the grant. Typically stock grants vest evenly over that time period. With a "cliff", the first vest occurs after a longer period, so you may get 1/4 after 1 year... |
I am a Canadian born to an American-born Canadian father and an Eritrean mother. We live in Canada, where I was born. I am a citizen of all three countires mentioned.
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... |
For example, the top interest rate for margin loans as of today in AUD is currently set to 1.5%, while for ZAR the interest rate is set to 8.057%. That is a huge difference. If I were in South Africa, why would I ever take out a margin loan in ZAR when I could have it in AUD at a much lower interest rate?
Personally... |
IBKR charges different interest rates on margin loans denominated in different currencies. Why not take out the loan in the cheapest one? |
I didn't see the numbers themselves analyzed in the other answers. Do you understand that according to your own estimates you would likely be earning below 5 EUR per month?
> Including interest and fees I will have to pay back 21.7k EUR, amounting to an actual interest rate of around 3.8 % p.a.
> My country, whic... |
The employee insurance I am being offered gives a choice deduction being taken out before or after tax. Which of these choices would result in overall more money saved?
Cost of insurance is ~ $60 a month. |
Hypothetically, if I had a long term investment in mind (let's use FNCMX) that I believed would perform well enough annually to allow me to retire at an early age, (call it 40 years old) what advantage is there to investing the money in an IRA?
If I'm not mistaken, I wouldn't be able to withdraw it (without a penalt... |
Why contribute monthly to an IRA rather than a brokerage account? |
Personal rule for borrowing money in order to 'invest' in any kind of generally 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 am a Canadian born to an American-born Canadian father and an Eritrean mother. We live in Canada, where I was born. I am a citizen of all three countries mentioned.
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... |
Dividends from stock or funds are obviously considered to be an earnings benefit or a gain or a plus, but I'm wondering how that is monetarily computed? The company (or the companies in a fund) pay the dividend out of their cash reserves. But it is no gift in the market, because the stock or fund price and value imme... |
Dividends from stock or funds are obviously considered to be an earnings benefit or a gain or a plus, but I'm wondering how that is monetarily computed? I know it is added to the gain income, but I mean, what is the rationale for that?
The company (or the companies in a fund) pay the dividend out of their cash re... |
You said the dividend comes from "cash reserves" but where does that come from?
The money that pays out dividends usually comes from profitable operations, and the dividend historically has been a way to share cash flow from profitable operations with the owners of the firm. It's worth noting also for some corpor... |
Are dividends an actual gain value? |
As other answer have pointed out, in theory it does not make a difference if you have 5 shares at 20$ each or a single share at 100$. However, in practice there is one important difference if the price of a share is very high compared to your budget: [fractional share ownership][1] or rather the lack of it
Many brok... |
First, I will point you to FINRA's page [Day-Trading Margin Requirements: Know the Rules](https://www.finra.org/investors/learn-to-invest/advanced-investing/day-trading-margin-requirements-know-rules). It covers all of your questions and more.
To answer each of your questions:
1. A day trade is when you buy and ... |
Let's say I own shares in the MSCI World ETF. Company X, where I am an employee, is currently not part of it. What happens when in ie a year Company X gets added to the ETF - Is my owning stock in it considered insider trading?
If so, would it mean I need to sell my existing share in this ETF or should no longer buy... |
Is it insider trading when I already own stock in an ETF and then the ETF adds the company I work for? |
I have an account with Citibank in Taiwan, and I want to wire money into it from the US from an Ally Bank account.
Ally Bank doesn't do international wire transfers. I need to provide an American routing number and account number.
Therefore, Citibank in Taiwan gave me the following wire instructions, which involv... |
> Now, every other time I've sent a wire involving an intermediary bank, the wire instructions include the account number of the beneficiary bank at the intermediary bank
You are completely correct, that's the norm / ideal situation
The "end" bank, Citi-Taiwan has an account number at Citi-NY, let's say "66688866... |
> Let's say I own shares in the MSCI World ETF. Company X, where I am an
> employee, is currently not part of it. What happens when in ie a year
> Company X gets added to the ETF - Is my owning stock in it considered
> insider trading?
The only way this would be insider trading is if you were providing non-public... |
# R E A D * T H I S * F I R S T !!
Note!!!!!!!!!!!
Do *not attempt* this transaction, as Ally *will almost certainly* f*** it up completely.
**Simply use ofx or transferwise** which exist for this purpose.
- You have to "register" with those companies, which is a bit annoying and takes some clicks
- Afte... |
# Note!
Ideally use ofx or transferwise
---
Regarding the question as such:
> Now, every other time I've sent a wire involving an intermediary bank, the wire instructions include the account number of the beneficiary bank at the intermediary bank
You are completely correct, that's the norm / ideal ... |
# 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.
It's more like this: **"you are risking losing cash you don't have".**
- Say I have a million bucks cas... |
> If I were in South Africa, why would I ever take out a margin loan in ZAR when I could have it in AUD at a much lower interest rate?
The answer is trivial: as the exchange rate changes one way or the other, that difference will absolutely crush (one way or the other) the almost-irrelevant interest rate.
It's ex... |
> If I were in South Africa, why would I ever take out a margin loan in ZAR when I could have it in AUD at a much lower interest rate?
The answer is trivial: as the exchange rate changes one way or the other, that difference will absolutely crush (one way or the other) the almost-irrelevant interest rate.
It's ex... |
> If I were in South Africa, why would I ever take out a margin loan in ZAR when I could have it in AUD at a much lower interest rate?
The answer is trivial: as the exchange rate changes one way or the other, that difference will absolutely crush (one way or the other) the almost-irrelevant interest rate.
It's ex... |
> If I were in South Africa, why would I ever take out a margin loan in ZAR when I could have it in AUD at a much lower interest rate?
The answer is trivial: as the exchange rate changes one way or the other, that difference will absolutely crush (one way or the other) the almost-irrelevant interest rate.
It's ex... |
How does Capital Gains Term work in this scenario?
1. Buy x amount of xyz stock and hold for over a year.
2. Then buy z amount of the same asset and hold for less than a year.
Questions:
1. If I sell the initial x amount of xyz stock (held > 1 yr) after purchasing z amount of zyx (held < 1 yr) for a profit,... |
It's not right to think of dividend as being a net bad thing, because while there is a tax consequence in terms of *timing*, it doesn't reduce your net value at all.
Let's say I own a stock at $10 a share for 100 shares ($1000 total value), cost basis $5/share. So I have $1000 total value, and if I sold right now I... |
ERROR: type should be string, got "https://www.investopedia.com/articles/personal-finance/063015/roth-401k-vs-roth-ira-one-better.asp mentions this outside of Roth IRA regarding pre-retirement withdrawals:\r\n\r\n> A final advantage is greater flexibility with pre-retirement withdrawals. You can withdraw an amount equivalent to the contributions you have made at any time without penalties or taxes. This does not, however, apply to Roth IRA’s earnings, for which pre-retirement withdrawals (if you're under 59½) do come with a 10% penalty.\r\n\r\nIf I contributed 10 kUSD to a pretax 401(k) account, convert it into Roth 401(k), gained in value to 15 kUSD, then [converted it to a Roth IRA](https://www.nerdwallet.com/article/investing/mega-backdoor-roths-work), does the initial 10 kUSD count as contributions that I might withdraw penalty free prior to retirement from the Roth IRA?\r\n" |
After converting Roth 401(k) into Roth IRA, can the Roth 401(k) contributions be withdrawn from the IRA without penalties? |
ERROR: type should be string, got "https://www.investopedia.com/articles/personal-finance/063015/roth-401k-vs-roth-ira-one-better.asp mentions this upside of Roth IRA regarding pre-retirement withdrawals:\r\n\r\n> A final advantage is greater flexibility with pre-retirement withdrawals. You can withdraw an amount equivalent to the contributions you have made at any time without penalties or taxes. This does not, however, apply to Roth IRA’s earnings, for which pre-retirement withdrawals (if you're under 59½) do come with a 10% penalty.\r\n\r\nIf I contributed 10 kUSD to an after-tax 401(k) account, convert it into Roth 401(k), gained in value to 15 kUSD, then [converted it to a Roth IRA](https://www.nerdwallet.com/article/investing/mega-backdoor-roths-work), does the initial 10 kUSD count as contributions that I might withdraw penalty free prior to retirement from the Roth IRA?\r\n" |
After converting after-tax 401(k) into Roth IRA, can the 401(k) contributions be withdrawn from the IRA without penalties? |
It's not right to think of dividend as being a net bad thing, because while there is a tax consequence in terms of *timing*, it doesn't reduce your net value at all.
Let's say I own a stock at $10 a share for 100 shares ($1000 total value), cost basis $5/share. So I have $1000 total value, and if I sold right now I... |
1. Company received unemployment claim in my name (with slight mispelling of my first name)
2. I still work for the company.
3. I have no filed anything. The paperwork has my SSN.
What are my next steps and concerns here? Goals are to cancel this claim, but also to try to figure out if I should have any identit... |
What is the difference between "price per option granted" and "exercise price" ?
Let's say I received 10 employee stock options with a "price per option granted" = 0 Euro and the "exercise price" is 100 Euro.
Can I buy the shares for 0 Euro or for 100 Euro after the vesting date? I am little bit confused... Any he... |
"Price per option granted" versus "exercising price"? |
This seems like a "too good to be true" tax dodge in the USA milieu.
Is it correct?
* Sally is a graphic designer married with a typical family. She gets $100,000 in 2017 as 1099 income.
* She buys a Graphics Monitor in 2017 for $1000. We'll say, it is genuinely and absolutely a true and honest deductible exp... |
could anyone explain to me, in this balance sheet, which items are assets, which items are liability, and which items are equity?
Are funding debt and Notes issued liability?
Is redeemable convertible preferred stock equity?
I just feel Assets != Equity + Liabilities here. Thanks
[![enter image description he... |
>Are funding debt and Notes issued liability?
Yes
>Is redeemable convertible preferred stock equity?
Yes and No - from an accounting standpoint it is equity because it represents ownership (and shows up in the equity section of the balance sheet). However, financial analysts often value it like debt since it's... |
> When my bank pays monthly interest (such as it is), my deposit
> increases by the amount instead of decreasing by the amount. That is a
> major difference.
It’s only a “major difference” because:
* your bank balance is not a price; and
* your interest gets paid into the same account that generates it.
If ... |
For example, I buy a PUT option on TSLA for 3000 dollars and realize it's not working and sell it to close for 2000 dollars. Thus I have lost 1000 dollars on this transaction.
Within thirty days of selling the PUT for a loss, I buy a CALL option on TSLA for 3000 dollars and sell it for 4000 dollars thus realizing a 10... |
According to [wikipedia][1], a share is defined as follows:
> A single share of the stock represents fractional ownership of the
> corporation in proportion to the total number of shares. This
> typically entitles the stockholder to that fraction of the company's
> earnings, proceeds from liquidation of assets (a... |
What is a share, really? |
I'm in the US and playing with investing with crowdfunded debt like miventure. (I'm not affiliated with them, just an example)
When I end up getting yields from this I think it ends up in my e-wallet on the platform, and then I transfer it to my bank if/when I want.
How and when will my taxable event happen? Will... |
How will I be taxed on returns from crowdfunded debt? |
I'm in the US and playing with investing with crowdfunded debt like miventure. (I'm not affiliated with them, just an example)
When I end up getting yields from this I think it ends up in my e-wallet on the platform, and then I transfer it to my bank if/when I want.
How and when will my taxable event happen? Will... |
I'll start with RYCEY and leave RLLCF for last.
* [RYCEY](https://www.otcmarkets.com/stock/RYCEY/overview) — This is an American Depositary Receipt (ADR). In the US, 5-letter tickers that end with "Y" are ADRs. This is a *sponsored* ADR. According to the [Rolls Royce investors FAQ](https://www.rolls-royce.com/invest... |
I'm 67 and worked past 65, not enrolling in SS, Medicare A or B. Therefore, I contributed to my corporate HSA through October 2020. I stopped contributing immediately when, upon my research, I heard about Medicare part A imposing a 6-month lookback period within which no HSA contributions are allowed. As such I acci... |
How do I solve an accidental violation of Medicare's 6-Month look-back HSA contribution prohibition? |
A moderately low risk of investment is a [government bond](https://money.stackexchange.com/a/99279/9083). If I understand correctly, I spend €1000 on a 5-year bond at a yield of 1%, then in 5 years I get back 1000*(1.01)**5=€1051.01, unless the government defaults on its debts, in which case I get zero. If we ignore ... |
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