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How do I get a 'copy of a cheque'? |
I was amazed to learn that indeed, if you get a (NON-money) property gift from another US person, indeed you "GET" the capital gains tax!
> "when you give away your property, the tax basis (or the original cost) of the property for the giver becomes the tax basis for the recipient"
https://www.elderlawanswers.com... |
I was amazed to learn that indeed, if you get a (NON-money) property gift from another US person, indeed you "GET" the capital gains tax!
> "when you give away your property, the tax basis (or the original cost) of the property for the giver becomes the tax basis for the recipient"
https://www.elderlawanswers.com... |
Since TQQQ is 3x the leverage of QQQ, so the conventional wisdom is:
1. When TQQQ drops 34%, then it is all "wiped out" (meaning a $100 investment will go to $0 now). And TQQQ itself is also all wiped out.
However, let's say, I bought TQQQ when QQQ was at $217, and now QQQ is at $330.
So let's say, if some day... |
Does TQQQ get wiped out if it QQQ drops 34%? |
I am researching Spacs and am curious why you might buy a warrant if the spac stock price is over the usual 11.50 strike price? I understand the use case in options because you could place a put on a lower price but aren’t all spac warrants set at a strike of 11.50? So say a spac common stock is at 12.00 - is there sti... |
Why would you buy a warrant if the stock is over the strike price? |
Does TQQQ get wiped out if it QQQ drops 34%? But what if after I purchase, it first went up 50% and then down 34%? (100 to 150 and then back to 100) |
As far as I know, if I want to sell short, say, $100 worth of stock I need to post $150 in cash collateral and pay some fees each day. Another way is to buy a put option. Which is cheaper? |
For an individual brokerage account user, what is the cheapest way to take a short position in a stock? |
> I understand the use case in options because you could place a put on a lower price
Are you suggesting that only out-of-the-money options are useful? And so the only useful options with strikes below the current price are puts? This is incorrect. Calls and puts are traded both in and out of the money.
Volume is... |
I have ISO stock options as part of my employment in California, USA. In the middle of 2019 I had to leave the USA for family reasons. In 2020 I wasn’t in the US (became non-resident alien for tax purposes). In the beginning of 2020 I executed all my stock options, most of them vested while I was resident in California... |
I just received a text from paypal telling me I just paid around $25 to some game company. There was a link to a receipt. I looked up the number the text came from and Google tells me it was Paypal, and the URL indeed pointed to paypal. The linked receipt shows a visa debit sale ("Chip Read, Signature verified") but ... |
To answer your title question:
> Is there any upside to contributing to the after-tax 401(k) instead of the Roth 401(k) via paycheck deduction?
No. In fact it's the opposite. It's the same concept as after tax contributions to a Traditional IRA. There is absolutely no reason to make **after-tax** contributions ... |
To answer your title question:
> Is there any upside to contributing to the after-tax 401(k) instead of the Roth 401(k) via paycheck deduction?
No. In fact it's the opposite. It's the same concept as after tax contributions to a Traditional IRA. There is absolutely no reason to make **after-tax** contributions ... |
I am trying to get into investing and have some questions about options.
1. If I buy a put option (which would be an option to sell stocks as far as I understood), who will provide the stocks to sell if I decide to exercise it? Should I have/provide the stocks or is it the option writer who provides them? And at wha... |
Who provides the shares for a call option? |
**tl;dr:** The only possible reason to prefer after-tax is answered by [OP in another question][1] from years ago.
To answer your title question:
> Is there any upside to contributing to the after-tax 401(k) instead of the Roth 401(k) via paycheck deduction?
No*. In fact it's the opposite. It's the same conc... |
> If I buy a put option (which would be an option to sell stocks as far as I understood), who will provide the stocks to sell if I decide to exercise it? Should I have/provide the stocks or is it the option writer who provides them? And at what price would they be provided?
A put gives the owner the right to sell th... |
Who provides the shares for exercising a put option? |
I like to keep my savings in various stocks and ETFs. Those are all long term investments which I don’t intend to sell for more than a decade. However I’m constantly paranoid over various threats to my financial assets:
1. Hackers accessing my credentials directly or by hacking by brokerage
2. The brokerage havi... |
Is there a way to fully secure my stock investment against hacking, theft, computer errors, etc? |
As far as I know, if I want to sell short, say, $100 worth of stock I need to post $150 in cash collateral and pay some fees each day. Another way is to buy a put option. In that case, I need to pay the bid-ask spread, and the option is losing time value as I hold it. Which is cheaper? |
Let's say, if I have $100, and invest Jan 1st, in
Account 1: 2x QQQ, which is QLD
Account 2: QQQ but I borrow the max and can buy $200 worth of QQQ
Now it is Feb 1, and QQQ rises from $100 to $200. So how much money are in my Account 1 and 2 on Feb 1?
And now it is March 1, and QQQ drops from $200 t... |
Is investing in 2x QQQ (QLD) the same as investing in my account buying QQQ but making it 2x using my margin? |
### January 1st
Let's say, if I have $100, and invest in
Account 1: QLD, which is 2x QQQ
Account 2: QQQ but I borrow the max and can buy $200 worth of QQQ
### Febryary 1st
Now it is Feb 1, and QQQ rises from $100 to $200. So how much money are in my Account 1 and 2 on Feb 1?
### March 1st
... |
It seems to matter for the following, if the increase or decrease happens evenly over 30 days vs if it happen overnight, for the case of Account 1, but does not matter for Account 2. So what if (1) it is a little bit evenly over 30 days, and (2) if it happens overnight, such as from Jan 31 to Feb 1, it increases 100% o... |
It seems to matter for the following, if the increase or decrease happens evenly over 30 days vs if it happen overnight, for the case of Account 1, but does not matter for Account 2. So what if (1) it is a little bit evenly over 30 days, and (2) if it happens overnight, such as from Jan 31 to Feb 1, it increases 100% o... |
Given that futures price is equal to S*e^(rt), it is possible to create a synthetic investment into an index by:
1. entering into an index future for the amount of money which are planned to be invested into an index
2. investing this money into a risk-free bond with the same duration as the future (or just keep it i... |
Is investing in index futures better than investing in index funds? |
I'm a Maryland resident who contributed $2500 to each of my two daughters' Maryland College Savings Plans.
That should entitle me to a $5000 Maryland state tax deduction.
Now I'm trying to do my taxes using Turbo Tax Online (self-employed product)
I tried following the instructions [here][1] but those instr... |
Where can I enter my contribution for Maryland College Investment Plan in TurboTax Online? |
If your plan is to hold securities for 10 years or longer, obtaining stock certificates and keeping them in your safe deposit box protects you. However, doing so will increase your transaction costs since brokers tend to charge a fee for issuing and/or depositing them to your account.
I doubt that asking your broke... |
I'll add a tabular example to understand the [share cost basis adjustment resulting from a wash sale](https://en.wikipedia.org/w/index.php?title=Wash_sale&oldid=997522841).
Let's assume the following trade history on Stock A:
| Date | Action | Stock A price | Gain/loss | Commutative Gain/l... |
I'll add a tabular example to understand the [share cost basis adjustment resulting from a wash sale](https://en.wikipedia.org/w/index.php?title=Wash_sale&oldid=997522841).
Let's assume the following trade history on Stock A:
| Date | Action | Stock A price | Gain/loss | Commutative Gain/l... |
I'll add a tabular example to understand the [share cost basis adjustment resulting from a wash sale](https://en.wikipedia.org/w/index.php?title=Wash_sale&oldid=997522841).
Let's assume the following trade history on Stock A:
| Date | Action | Stock A price | Gain/loss | Commutative Gain/l... |
I'll add a tabular example to understand the [share cost basis adjustment resulting from a wash sale](https://en.wikipedia.org/w/index.php?title=Wash_sale&oldid=997522841).
Let's assume the following trade history on Stock A:
| Date | Action | Stock A price | Gain/loss | Commutative Gain/l... |
I'll add a tabular example to understand the [share cost basis adjustment resulting from a wash sale](https://en.wikipedia.org/w/index.php?title=Wash_sale&oldid=997522841).
Let's assume the following trade history on Stock A:
| Date | Action | Stock A price | Gain/loss | Commutative Gain/l... |
It is an interesting idea, but:
* The minimum capital required for an unleveraged index futures position is prohibitive for most individual investors. For example, a *single* S&P 500 E-Mini contract has a face value of almost $200,000; even for the new Micro E-Mini it's almost $20,000. This will not work well for mo... |
I'm 49 years old, currently have a VA 30yr @ 3.75% mortgage with 26years left. (We moved across the country for a new job in 2017). Remaining balance 254K, No PMI, have approximately 100K in equity.
Looking at VA IRRRL refinancing, best mortgage broker I've found so far has both 15 and 30 year mortgages at 2.25% ... |
Stop worrying about the sunburn (reducing 3.75% to 2.25%) when **your hair in on fire** ($30K debt at 10%).
Facts: you've got $10K in cash, and can afford a $1927 monthly mortgage.
> @RonJohn still thinking about this...added another option, what are your thoughts?
My thoughts:
1. **Immediately** throw $8K ... |
> But it seems like I should be able to find a better use for that $700/mo.
Yes. That is the heart of the matter. Specifically, can you find something to do with the money that gets a better rate of return than 2.25%? If you put it into the house, you are guaranteeing yourself a 2.25% return. That is fairly low. ... |
Stop worrying about the sunburn (reducing 3.75% to 2.25%) when **your hair in on fire** ($30K debt at 10%).
Facts: you've got $10K in cash, and can afford a $1927 monthly mortgage.
> @RonJohn still thinking about this...added another option, what are your thoughts?
My thoughts:
1. **Immediately** throw $8K ... |
I see the following statement:
"BELLINGHAM, Wash. — Jan. 19, 2021 — eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that its Board of Directors has approved a 2-for-1 stock split in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record o... |
It was in the news recently that RobinHood had to prohibit some customer orders due to a lack of liquidity. The explanation was that because brokers like RobinHood take orders today which are fulfilled after some delay, they are at risk if the investor refuses to pay, and need to enough cash in reserve to cover that ri... |
Why don't brokers take money today for pending buy orders? |
It was in the news recently that RobinHood had to prohibit some customer orders due to a lack of liquidity. The explanation was that because brokers like RobinHood take orders today which are fulfilled after some delay, they are at risk if the investor refuses to pay, and need to enough cash in reserve to cover that ri... |
My Amazon's Chase credit card bill was sent to collections in March 2019 due to some financial issues I had. I paid off the debt completely in collections and my credit rebounded. My credit card account was deactivated. I would like to apply for the same card again (because this is Amazon's Chase credit card which prov... |
> `...every stock trade involves an extension of credit.
That's not true. For a cash account, the cash must be in the account in order to make the trade. There is no extension of credit since you're paying the full amount. T+2 is when the two brokers swap the cash for the security. How could Robinhood take money... |
Hypothetical question:
Jonathan and Anthony own a triplex 50-50.
If Jonathan is currently living in 1 of the 3 apartments of a triplex, Anthony is living in the other apartment unit and they do Airbnb in the third apartment for income.
They are both currently splitting all costs of the building 50/50, includin... |
When I search for an ETF on my broker's interface I see multiple for the same search that seem to be same somehow but also different?
Can you explain to me the difference between the two that are shown in the image? Can you explain to me also what each part that is separated by `|` character means? What would be the... |
Why do I see two very similar ETFs on my broker? |
I am a U.S. citizen, living in the United States. I am interested in buying shares of a company that is traded on the London Stock Exchange, but not in the US (including as an ADR). I've tried researching what the tax consequences would be, but all the articles I find are about US citizens buying/selling foreign stocks... |
As an US citizen living in the US, if I buy/sell stocks on the London Stock Exchange do I pay taxes to the US and the UK? |
I have ISO stock options as part of my employment in California, USA. In the middle of 2019 I had to leave the USA for family reasons. In 2020 I wasn’t in the US (became non-resident alien for tax purposes). In the beginning of 2020 I executed all my stock options, most of them vested while I was resident in California... |
[Oversimplify it for me: the correct order of investing](https://money.stackexchange.com/questions/47856/oversimplify-it-for-me-the-correct-order-of-investing) really goes a long way to answering your question. But of course, you offer details that are important to address.
The 15 has its place. The risk averse inv... |
I am a U.S. citizen, living in the United States. I am interested in buying shares of a company that is traded on the London Stock Exchange, but not in the US (including as an ADR). I've tried researching what the tax consequences would be, but all the articles I find are about US citizens buying/selling foreign stocks... |
My US phone rang and a recording came on.
The lady asserted it was "Amazon" calling and they had "detected suspicious activity on my account". I was supposed to "press 1" to speak to "Amazon security."
- Is this just some scam
- Should you press 1?
- What should you do when this happens? |
Was this "phone message from Amazon" an attempted scam? |
I have a 1944 coin. The back is different. I'm not sure if it has any error since the coin is a bit dirty -- it needs to be cleaned. It does have a mint mark.
Is there anything I can do with this? |
In January 2020, I made an investment of £7,500 being promised that I would receive the respective share certificates related to UK company.
After that, the pandemic became the excuse but the entrepreneur assured me that my shares were safe.
Occasionally (like 5-7 times) I exchanged some emails with him. Sometime... |
How to get UK company share certificates when an entrepreneur does not comply? |
I recently signed up on a dating site. I was promptly deluged with messages from women (or people claiming to be women) that, either on their first message, or after a very brief exchange, ask for my cell phone number. I mean, if we'd chatted back and forth for a dozen messages and one of us suggested meeting in person... |
Person on dating site asks for my cell number. I'm very suspicous. What kind of scam could this be? |
For example, as a result of the [$22 billion Schwab-TD Ameritrade merger](https://www.aboutschwab.com/company-statement-on-integration-related-job-actions) ([mirror](https://web.archive.org/web/20201226030306/https://www.aboutschwab.com/company-statement-on-integration-related-job-actions)), when will the [SIPC protec... |
When two financial institutions merge, when is the SIPC protection for an individual owning a brokerage account in both places reduced? |
I bought Google, Tesla, & some other fsmous stocks for total $370 in various times in 2019, & sold all of them for total $440 in February 2020. This makes $70 profit as short term gain.
I am using M1Finance as my tax broker, & Turbo Tax FreeFile edition for 2020 tax return.
M1 gave a 1099 Composite, with all 1099... |
Why no 1099 for short term capital gains from stocks? [US] |
I bought Google, Tesla, & some other fsmous stocks for total $370 in various times in 2019, & sold all of them for total $440 in February 2020. This makes $70 profit as short term gain.
I am using M1Finance as my tax broker, & Turbo Tax FreeFile edition for 2020 tax return.
M1 gave a 1099 Composite, with all 1099... |
I bought Google, Tesla, & some other fsmous stocks for total $370 in various times in 2019, & sold all of them for total $440 in February 2020. This makes $70 profit as short term gain.
I am using M1Finance as my tax broker, & Turbo Tax FreeFile edition for 2020 tax return.
M1 gave a 1099 Composite, with all 1099... |
Why no 1099 for short term capital gains from stocks? |
I bought Google, Tesla, & some other fsmous stocks for total $370 in various times in 2019, & sold all of them for total $440 in February 2020. This makes $70 profit as short term gain.
I am using M1Finance as my tax broker, & Turbo Tax FreeFile edition for 2020 tax return.
M1 gave a 1099 Composite, with all 1099... |
I bought Google, Tesla, & some other fsmous stocks for total $370 in various times in 2019, & sold all of them for total $440 in February 2020. This makes $70 profit as short term gain.
I am using M1Finance as my tax broker, & Turbo Tax FreeFile edition for 2020 tax return.
M1 gave a 1099 Composite, with all 1099... |
My understanding is that to be an "accredited investor" as defined by the SEC, an individual must have $200,000 of earned income two years in a row. If a person has pre-tax deductions from their paycheck (e.g. 401k contributions, health insurance premiums, etc.) which take their total wages (as defined as box 1 of the ... |
In order to pay a lower interest rate on my credit card balance; is it better to make a purchase just BEFORE the statement cycle ends and the next one begins; or just AFTER the cycle ends and the next one begins?
For example, I receive my credit card statement on the 6th of each month. That statement, of course, ... |
Interest: what is the most strategic time to make a purchase: just before or just after the statement comes out? |
My understanding is that to be an "accredited investor" as defined by the SEC, an individual must have $200,000 of earned income two years in a row. If a person has pre-tax deductions from their paycheck (e.g. 401k contributions, health insurance premiums, etc.) which take their total wages (as defined as box 1 of the ... |
> Should not it list $70 somewhere as profit to me? If the 1099 is correct, then should I just report $70 as income, because its going to get taxed as normal income?
Your `$440` sales prices, `$370` purchase prices and $70 profit are listed on the Summary page in the **Total Short-term** section. |
I'm a Canadian citizen who is a American permanent resident residing in the USA. My cofounder is a Canadian citizen residing in Canada. We are incorporating a business that will be operating in Canada (not the USA.)
What's the best way to incorporate? Should we do a Canadian Federal Corporation? Will my American res... |
I've been reading this page on the recent [GameStop short squeeeze](https://en.wikipedia.org/wiki/GameStop_short_squeeze).
It mentions that at one point Robinhood and other brokers prevented their clients from purchasing shares of GameStop ([GME](https://www.nyse.com/quote/XNYS:GME)):
> On January 28, some broker... |
Why would collateral be required to make a stock purchase? |
> Why does RobinHood not simply take payment when an order is placed, and hold it for the 2 business days until the order is completed? This seems like it would reduce their risk, remove the scaling bottleneck of needing to find cash on short notice, and give them a nice buffer of cash.
You misunderstand something v... |
> Why does RobinHood not simply take payment when an order is placed, and hold it for the 2 business days until the order is completed? This seems like it would reduce their risk, remove the scaling bottleneck of needing to find cash on short notice, and give them a nice buffer of cash.
You misunderstand something v... |
> However, if I give a broker cash money and ask for a share of a stock in return, why would this need anyone to have collateral?
The seller's broker needs to get paid by the buyer's broker. Because this is a legal obligation of the buyer's broker, the buyer's broker must use their own funds to settle this obligatio... |
> Why does RobinHood not simply take payment when an order is placed, and hold it for the 2 business days until the order is completed? This seems like it would reduce their risk, remove the scaling bottleneck of needing to find cash on short notice, and give them a nice buffer of cash.
You misunderstand something v... |
Man I have been talking to from TX for several months, told me he was a private contractor (I am an under water pipeline engineer by profession. I run a small contracting firm here in Dallas. We are contracted or hired for services like full installation and maintenance of heavy duty pipeline offshore and onshore. We a... |
From what I understand, a market maker buys at bid price and sells at ask price, whereas the price taker involved with the market maker buys at ask price and sells at bid price. Basically, the market maker pockets the bid-ask spread.
In this case, shouldn't buyers and sellers try to meet half-way, irrespective of v... |
In over-the-counter markets, shouldn't price takers attempt to match each other's prices? |
Do such seminars typically include new information, including information not in the morning's report? For instance, will the Orchard Therapeutics presentation later today likely do this? |
If a report is released the morning of a seminar occurring later in the day, is the seminar likely to affect the price? |
I can understand the common explanation why you don't exercise american call option on non-dividend paying stock. You can sell the option instead of exercising because price is always greater than intrinsic value.
What I don't understand is why this logic doesn't apply to american puts on non dividend paying stocks.... |
Why do you not exercise call option, but exercise put? |
Preparing to retire and I've looked at a lot of info on the internet and it all says the same thing: pull money out of your high taxed brokerage account first so you leave all that tax deferred money in your IRA alone. But, I think that's only correct if you have short term investments (that would generate lots of ta... |
When I retire, should I really pull money out of my brokerage account first when all my investments are long term? |
In margin trading, you borrow money from a broker to purchase securities. In short selling, you borrow securities to sell them. Still, in both cases, you are borrowing from the broker. Is the only difference between the two the form of the loan (i.e. cash or securities)? |
What is the difference between margin trading and short selling? |
The two positions have very different investment results if share price rises or falls. In terms of the loans involved:
> In margin trading, you borrow money from a broker to purchase securities.
That is correct and you pay margin interest on the loan.
> In short selling, you borrow securities to sell them. ... |
Man I have been talking to from TX for several months, told me he was a private contractor (I am an under water pipeline engineer by profession. I run a small contracting firm here in Dallas. We are contracted or hired for services like full installation and maintenance of heavy duty pipeline offshore and onshore. We a... |
I am an underwater pipeline engineer and I run a small contracting firm in Dallas. We are contracted or hired for services like full installation and maintenance of heavy duty pipeline offshore and onshore. We also render services like oil supply/drilling. By the grace of God, I have worked as a consultant and independ... |
This is a fascinating situation, and I'm reluctant to give advice here. I'll stick to the facts which may guide a proper course of action.
- **The man is lying to you.** There is no question about this. There are way too many things that don't make sense, and what kind of crazy coincidence would it be that the most... |
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