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I live in the UK but have some old share certificates registered with the company registrar in the US (the [EQShareownerOnline][1] site).
I want to convert them to DRS (Direct Registration System) registration, and to do this I need to send the share certificates in (more info on this under the DRS and transfer topi... |
Many (all?) mutual funds have a minimum holding period. You are generally not allowed to sell 30 days after a purchase.
It is not a hard rule in that if you do it once, you can get away with it. If you do it more than once there may be additional fees or I suppose you could be barred from future purchases.
|
Mutual funds are designed to be long-term investments and if the redemption of shares requires liquidation of assets, it can trigger a capital gains distribution for shareholders. Frequent trading also increases fund expenses. Because of this, mutual funds discourage short term trading. This can be via early redemp... |
I invest monthly into several funds, such as [this][1] one. Last week, I noticed a new fund I'd just invested a small amount into ($100) had grown by 12% in one week (now worth $112).
I investigated the fund and it's climbing rapidly, so it's possible the trend will continue for a while.
This got me thinking, wha... |
On the surface there is very little downside. Most people prefer to do this short term trading with stocks or ETFs rather then mutual funds as transactions are immediate, where with mutual funds you trade at day's end. In fact many prefer options as the example 12% increase can be a multiple of that amount.
Prof... |
GME is over $300 at the time of this post. I understand the 10,000 foot view of the story only. That some Reddit folks are buying up shares to squeeze a short seller. But I don't understand how this works. Why buy shares? Arent't they stuck with them when the bubble bursts? Seems like many of these people will be stuck... |
Can someone explain the GME situation to a non-stock trader? |
Short sellers borrow shares that they believe will drop in price in order to buy them back after they fall. If they're wrong, they're forced to buy at a higher price, incurring a loss.
More than 100% of GME stock was shorted by traders and investment funds. Redditors drove the price up, forcing these shorters to bu... |
I started investing last year with little amount so my dividends earning is only around $5 in total for the year 2020. Robin hood is saying that tax document should be available on or before Feb 16. I wanted to ask- should I expect a tax document from them with such a little amount? I contacted them via email but haven... |
Robin hood - should I expect any tax document? |
I'll be starting an HSA for the first time on Feb. 1. I have significant medical bills for treatment in December.
Can I deposit money into the HSA on Feb. 1 and then use the HSA to pay the bills for treatment in December? Or can I only use the HSA to treatment after the HSA was started? |
Use HSA to pay for previous medical expenses? |
I made a bitcoin investment with a company online. The first return sent back to me was fine but the second has issues. They sent me an email like the first time stating that the money was sent but I never received it. I sent them an email to complain, they responded saying that they were investigating. After a day the... |
Following image is from the plat of a lot I am interested to buy.
[![enter image description here][1]][1]
What does it mean buy 30' right of way (per deed)? Does it mean that I will not be able to do anything with that part of lot although I will own it?
TIA
[1]: https://i.stack.imgur.com/O0lgd.jpg |
I am using Robinhood and wondering how day trading is triggered and how first-in-first-out (FIFO) selling order works.
I bought GME stock yesterday and bought GME stock today. If I sell 1 GME share today, will it trigger day trading even though the GME stock that would be sold is technically the one I bought yes... |
Does FIFO still trigger day trading? (using Robinhood) |
I am French citizen, US-resident and interested to know the option to get French medical insurance only applicable to France. https://www.crystal-finance.com/page/prevoyance-sante-expatrie says:
> Pour continuer à bénéficier de tous les avantages d'une sécurité sociale « à la française » dans son pays d'expatriation... |
What are the options for a French citizen, US-resident to get French medical insurance only applicable to France? |
GameStop Corp. (GME) stock is over $300 at the time of this post. I understand the 10,000 foot view of the story only: That some Reddit folks are buying up shares to squeeze a short seller.
But I don't understand how this works. Why buy shares? Aren't they stuck with them when the bubble bursts? Seems like many of t... |
Can someone explain the GME short squeeze situation to a non-stock trader? |
I started investing last year with a small amount so my dividend earnings for 2020 is only about $5. Robinhood says that my tax document should be available on or before Feb 16. Should I expect to get a tax document from them for such a small amount?
I contacted them via email but haven't received any response yet... |
Robinhood - should I expect to receive a tax document? |
Perhaps it's because I've just watched [The Big Short][1], but I'm bearish on Italian Government bonds right now. How would I go about shorting government bonds?
[1]: http://www.imdb.com/title/tt1596363 |
I hadn't been paying attention to my checking account (in which I kept a minimum balance
of $1500 just to avoid a monthly "maintenance fee") for about a year. But, yesterday I
logged in and found that it had incurred a $5 "dormant fee" in each of the last 4 months.
I newly learned that a checking account becomes "d... |
I haven't found any info on this. I learned that I cannot bring assets **into** an ISA (see e.g. [here](https://money.stackexchange.com/questions/28382/is-an-in-kind-transfer-of-existing-shares-into-a-stocks-and-shares-isa-allowed)), but there is no mention anywhere about taking assets **out** of one. I know the govern... |
Can you transfer holdings from an ISA account into a regular broker account in-kind? |
It is easy to find interesting information about that business ..
Domain
-------
The UK registrar of domains says it was registered in March last year and says
> Nominet was not able to match the registrant's name and/or address against a 3rd party source on 26-Mar-2020
That isn't good
Website
-------... |
How should I handle a request for payment from a bitcoin investment company to recover coins they sent to me that are "stuck in limbo"? |
**It is obviously a fake business. Or at best, completely incompetent.**
Domain
-------
The UK registrar of domains says it was registered in March last year and says
> Nominet was not able to match the registrant's name and/or address against a 3rd party source on 26-Mar-2020
That isn't good
Website
... |
Is there any risk in sending copies of my ID and utility bills to a company that cold-called me? |
**It is obviously a fake business. Or at best, completely incompetent.**
Domain
-------
The UK registrar of domains says it was registered in March last year and says
> Nominet was not able to match the registrant's name and/or address against a 3rd party source on 26-Mar-2020
That isn't good
Website
... |
I've been denied car rentals using debit cards in the past, even with thousands of dollars on the card. I'm going to Hawaii as well as Tennessee this year, and will need a car. Would my odds increase if I got a secured credit card? Also, would I be denied a secured card if I'm currently on unemployment? My husband g... |
is it easier to rent a car with a secured credit card over a debit card? |
I've been denied car rentals using debit cards in the past, even with thousands of dollars on the card.
I'm going to Hawaii as well as Tennessee this year, and will need a car. Would my odds increase if I got a secured credit card?
Also, would I be denied a secured card if I'm currently on unemployment? My hus... |
If it looks too good to be true, then it isn’t true
Does anyone think 20% profit EVERY DAY is reasonable? That’s the standard plan,and their worst performing!
The FAQ include this gem “It's very important for you to know that we are real traders and that we invest members' funds on major investments.”
We are really... |
I understand that selling a put *below* the current market value resolves to:
1. A premium paid up front
2. Chance to buy stock at a lower value
Item 1 is the maximum gain if the contract reaches expiry and current market value is above strike; this means the contract was, and is, OTM. When looking at my put sale o... |
Why sell put at strike above current? |
I understand that selling a put *below* the current market value provides:
1. A premium paid up front
2. A chance to buy stock at a lower price
Item 1 achieves its maximum gain if the price of the underlying is above the strike price at expiration. When looking at my put sale options on stock XYZ currently tr... |
Why sell a short put at a strike price above current price of the underlying? |
I understand that selling a put *below* the current market value provides:
1. A premium paid up front
2. A chance to buy stock at a lower price
Item 1 achieves its maximum gain if the price of the underlying is above the strike price at expiration. When looking at my put sale options on stock XYZ currently tr... |
This is a very, very obvious scam. The company will keep asking you for money and you will never get anything back but perhaps a tiny payment here or there to keep you on the hook.
How is it so obvious this is a scam? Well, they offer to pay you 20% to borrow your money for 24 hours. There are only two ways someone ... |
Short sellers borrow shares that they believe will drop in price in order to buy them back after they fall. If they're wrong, they're forced to buy at a higher price, incurring a loss.
More than 100% of GME stock was shorted by traders and investment funds. Redditors drove the price up, forcing these shorters to bu... |
Does a company automatically get delisted from stock exchanges when it goes bankrupt? Or can a defunct company's shares continue to get traded as essentially a form of cryptocurrency?
Normally negative news about a company will cause investors to sell until the share price approaches zero just as the company fails.... |
What happens when a company is on the verge of bankruptcy but its stock price remains high? |
TLDR: Is it common for mortgage lenders to require insurance with "replacement cost basis" on investment properties?
Background:
I have owned a rental property (3 units) for a few years. Looking to refinance to take advantage of current low rates. Found a bank that offered a much better deal than my current lend... |
Insurance on investment property, is replacement cost commonly required by lenders? |
"Short positions currently make up an impossible 140% of GameStop’s float, which is the result of a flaw in how short interest is calculated, a flaw that’s getting greatly magnified in the case of GameStop, according to Dusaniwsky."
https://www.marketwatch.com/story/gamestop-and-amc-stocks-soar-on-another-day-of... |
per [nacha][1] , USA banks are suppose to be processing ACH fast, but I have not seen any improvement in ACH with either brokerage or bank accounts. What is the reason or if any member has seen faster ACH ?
[1]: https://www.nacha.org/rules/same-day-ach-moving-payments-faster-phase-3 |
"Short positions currently make up an impossible 140% of GameStop’s float, which is the result of a flaw in how short interest is calculated, a flaw that’s getting greatly magnified in the case of GameStop, [according to Dusaniwsky](https://www.marketwatch.com/story/gamestop-and-amc-stocks-soar-on-another-day-of-wild-t... |
Does a company automatically get delisted from stock exchanges when it goes bankrupt? Or can a defunct company's shares continue to get traded as essentially a form of cryptocurrency?
Normally negative news about a company will cause investors to sell until the share price approaches zero just as the company fails.... |
How do I record changes in the values of shares that I hold at the close of a reporting period in double-entry accounting? I.e., what transactions are made?
I am interested in any standard or typical ways of recording such changes for shares that I hold personally, as investments for the future. |
?At the end of a reporting period, how do I record increased/decreased share values/ |
How about exercising a put option Out of the Money?
Buying a put option at a price of 226$ with a strike price of 320$ on a XYZ company with a stock valued at 350$?
Wouldn't that make sense?
Also, how can you know if you're buying an American or European stock option? |
At the end of a reporting period, how do I record increased/decreased share values? |
It makes no sense at all.
1) Why would you exercise a long put to sell the stock at $320 when you can sell the stock at $350?
2) Why would you throw away $226 of time premium by exercising?
Most indexes are European style. Equities are American style.
|
I heard something very interesting today. Apparently, people who are the descendants of early New York City plot owners, never sell their land. Instead, they borrow money from banks (or some entity) all the time (each month, I assume, automatically) and use that money to live off of, and this is granted just because th... |
Do rich people never have to pay back what they borrow with their wealth as security? Does the same apply in my case? |
Given the current high volatility situation I'd like to benefit by deploying my mostly conservative portfolio in making bets that are short volatility. In particular some stocks like GME and BB and EXPR are hitting 500%+ implied volatility. I would not like to be exposed to any of their (crazy) price movements, but I'd... |
How can I be short volatiltiy on a stock wihtout getting exposed to moves in the underlying? |
https://www.cnet.com/personal-finance/td-ameritrade-restricts-trading-of-gamestop-amc-stock/?utm_source=reddit.com ([mirror](https://web.archive.org/web/20210128092243/https://www.cnet.com/personal-finance/td-ameritrade-restricts-trading-of-gamestop-amc-stock/)) reports:
> "In the interest of mitigating risk for our... |
Why would a financial institution prevent their clients from trading a specific security? |
Suggestion for my ETF portfolio to invest in Germany? |
[Ameritrade restricts trading of Gamestop](https://www.cnet.com/personal-finance/td-ameritrade-restricts-trading-of-gamestop-amc-stock/?utm_source=reddit.com ([mirror](https://web.archive.org/web/20210128092243/https://www.cnet.com/personal-finance/td-ameritrade-restricts-trading-of-gamestop-amc-stock/)):
> "In the ... |
Given the current high volatility situation I'd like to benefit by deploying my mostly conservative portfolio in making bets that are short volatility. In particular some stocks like GME and BB and EXPR are hitting 500%+ implied volatility. I would not like to be exposed to any of their (crazy) price movements, but I'd... |
How can I be short volatility on a stock without getting exposed to moves in the underlying? |
Basically I am new to stock trading and neglect to see the differences between trading stocks and betting on sports. Basically I am "betting" on which company will do well, and this can change due to "upsets" just like in sports, but my main question is this:
Is new money actually created in the stock market, or am ... |
I hope this is the best place for this question, if not feel free to redirect me.
Story: https://www.bbc.co.uk/news/business-55817918
My question is about the impact of such a "stick it to the man" approach that amateur investors on Reddit used. I understand that they took advantage of detecting firms shorting Ga... |
In Reddit vs Wall Street, what are the ramifications of those who had money with the bankrupt firms? |
What brokerage firms have failed or are about to fail because of GameStop? It's the hedge funds who got whacked not the little guy.
> But I can't help but think that the investors of some of the now bankrupt firms will just go on to find other highly paid jobs, but what about the layman?
Investors don't have ... |
Basically I am new to stock trading and neglect to see the differences between trading stocks and betting on sports. Basically I am "betting" on which company will do well, and this can change due to "upsets" just like in sports, but my main question is this:
Is new money actually created in the stock market, or am ... |
For personal accounting (i.e. your own "balance sheet") you _could_ create an entry for "unrealized gain" that you would then need to clear out when you sell the stock and it becomes "realized". You'd also have to decide _when_ to account for unrealized gains - once a year? Once a month? Or just leave the value at cost... |
One interesting aspect to this situation that I think is under-discussed is
- Why don't the shorts just wait for the squeeze to end?
After all, GME is practically worthless; in 2022, the value of GME is more likely to be 10$ than 100$. If you have shorted GME and you just wait until 2022 to give it back, you won... |
I am aware that when paying off a repayment mortgage the proportion of monthly payments going towards the interest is higher towards the start and eventually the proportion lowers towards the end of the term of the mortgage.
For example, a £100,000 mortgage at 3% over 30 years would have a monthly payment of £421.6... |
How do I calculate the equity I have in my home when overpaying on mortgage? |
When one looks to get into investing they are usually provided with the usual options offered by banks or product companies; Mutual funds by the banks or products/apps (e.g Betterment).
But these options don’t allow for much control over the actual day to day trading. With mutual funds and apps there isn’t much need ... |
How does one invest with more control than your standard mutual fund or other run-of-the-mill investment vehicle? |
It's both.
Consider the entire stock market as one giant pool of *cash* in various bank accounts. Forget the stock 'values'. That's just numbers on a screen. You haven't made money until you have more cash in your account than when you started.
-----------
New cash only ever enters this market one way: Compani... |
>Specifically, what is the avenue one takes to get actual control over the buying and selling of stocks with their own money?
There are a growing number of "free" stock trading services and apps, and even "traditional" brokers offer individual stock trades (note that you can't usually trade individual stocks in a 40... |
What brokerage firms have failed or are about to fail because of GameStop? It's the hedge funds who got whacked not the little guy.
> But I can't help but think that the investors of some of the now bankrupt firms will just go on to find other highly paid jobs, but what about the layman?
Investors don't have ... |
>Specifically, what is the avenue one takes to get actual control over the buying and selling of stocks with their own money?
There are a growing number of "free" stock trading services and apps, and even "traditional" brokers offer individual stock trades (note that you can't usually trade individual stocks in a 40... |
The current Wall Street Bets theory behind the $GME rally goes as following:
1. Hedge funds have shorted Gamestop to 140% by re-borrowing the same shares multiple times (or some other equivalent mechanism)
2. Some traders have noticed this being the case and started driving up the price of Gamestop shares
3.... |
Is there credibility to the "take money from hedge funds" theory behind $GME? |
I own various Spanish shares and often receive scrip or stock dividends in lieu of cash. When I come to sell how do I work out the base cost of the shares for UK capital gains tax purposes? I know it is not the cash equivalent of the dividend, which would be the case for UK shares. Many thanks. |
I am quite new to the index tracking game, but recently I have seen funds with GTR in the title, for example: "Acquirer’s GTR Index"
After searching for sometime online, I came across "Global Trade Review (GTR)".
Is GTR similar to the S&P label in this regard, in that the fund in question is tracking an index/list... |
What does GTR mean? |
In 2020, I worked as a sole proprietor and kept a 'business' account for my earnings. These were taxed twice - both as personal income and business income. Beginning 2021, I created an LLC (with me the only employee) mostly for the tax advantage and to provide legal protection for personal assets.
When I setup the... |
Let's say I open an account with a broker (plus500.com), to invest on margin.
I want to open a position (in that case £100 on CDR:WSE) without leverage. It asks me an initial margin of 100%, meaning I have to provide the full £100 to be able to buy.
Now I also see they have a maintenance margin of 50%, meaning I ... |
Why is maintenance margin at 50% if initial margin is at 100%? |
> Hedge funds are losing money over this because they have to pay more interest per stock and because they're being pressured to return the borrowed stocks due to the high price.
The cost to carry a short position in GME has increased for two reasons:
- The daily borrow rate for GME has increased in the past few ... |
"To access these funds now, I believe they need to be considered distributions, and pay capital gains tax. "
This is likely not the case. When you transferred personal money to the LLC, you should have recorded it as either a loan or some form of capital increase. Taking the money out should be considered a reductio... |
According to a [recent Bloomberg article][1]:
> Melvin Capital closed its position after repositioning its portfolio, according to a spokesperson. Citron Capital’s Andrew Left also said Wednesday that the firm covered the majority of its GameStop short bets at “a loss of 100%” in a YouTube video.
Is it possible f... |
Is there a way to confirm if a hedge fund indeed closed their short positions on a stock? |
How can GameStop be short 140% of float? |
Almost all my investments are done through funds in my pension and the extent of my research into them is through the Fund fact sheets similar to the [these][1].
How can I tell if I'm investing in short positions?
[1]: https://www.new-money.co.uk/nm-blog/how-to-read-a-fund-factsheet-like-a-sandwich/ |
> Hedge funds are losing money over this because they have to pay more interest per stock and because they're being pressured to return the borrowed stocks due to the high price.
The cost to carry a short position in GME has increased for two reasons:
- The daily borrow rate for GME has increased in the past few ... |
Trading stocks on Robinhood is free. That's nice.
But Robinhood also provides various funds and ETFs. They usually have an expense ratio which can range from 0.04% for a Vanguard ETF to 1% range for actively managed ETFs.
- Does Robinhood charge for these expenses?
- How?
- Are the shown somewhere in the app... |
How much are fees on ETFs on Robinhood? Where are they shown? |
If person resident and paying tax in the UK opens a Vanguard Stocks and Shares ISA and buys US stocks (e.g. in the form of VUSA), does that person have to pay tax in the US? |
Vanguard Stocks and Shares ISA - pay tax in US? |
If a UK citizen (only citizen in the UK) opens a Vanguard Stocks and Shares ISA and buys US stocks (e.g. in the form of VUSA), does that person have to pay tax in the US? |
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