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> 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.
Do they say to *pull* **all** of your money **immediately** out of **all** your taxable acc... |
Frank Abignale (well known con-artist) has a video on the two big red flags of scams: https://www.youtube.com/watch?v=d526OqZX_LI
Flag #1: he needs money **now**. |
As I was looking through BlackRock recent released 13F, how does BlackRock have ownership in IVV which is an S&P 500 ETF they managed? In other words, how could a company have ownership in shares they issued? |
In the USA, I have had multiple HSA custodians over the last decade and I recently discovered one I had forgotten about (because of a notification that my balance was going to be considered abandoned and subject to escheatment)
Is there a way I can find all of my active accounts, across custodians, without trying to... |
Can I find all of my open accounts? |
In the USA, I have had multiple HSA custodians over the last decade and I recently discovered one I had forgotten about (because of a notification that my balance was going to be considered abandoned and subject to escheatment)
Is there a way I can find all of my active accounts, across custodians, without trying to... |
Is there any conflict or any rule against having a Roth IRA and a 401k with Roth contributions? |
> 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.
Do they say to *pull* **all** of your money **immediately** out of **all** your taxable acc... |
I have a specific (real) example i'd like to outline to see if I am understanding this correctly. I hope it's appropriate to ask this kind of question - i'm not sure how to reformulate it and still get confirmation that I understand correctly.
Here is the example (ignoring fees for the time being) -
Suppose I b... |
Covered calls - can anyone confirm my understanding is correct? |
Is it okay to have more than one Roth account? |
I am getting confused when calculating the percentage profit (or loss) of a **short position** and I don't know which version is the right one:
**version 1:**
// I enter a short position with entry price 8 and exit it with 10
// absolute loss = -2 (what is the value in percentage?)
enterShort=8, exi... |
The market doesn't care what you paid for it.
You own a stock worth $14.75. That's the math of my starting point. As if you are a new purchaser of this covered call.
If you sell a call for $7.30, You own the stock at a cost of $7.45, but are obligated to sell at $10, a gain of $2.55/share or $1275 profit even if i... |
I am getting confused when calculating the percentage profit (or loss) of a **short position** and I don't know which version is the right one:
**version 1:**
// I enter a short position with entry price 8 and exit it with 10
// absolute loss = -2 (what is the value in percentage?)
enterShort=8, exi... |
UK - Do I need to file final accounts when striking off an empty <12 months old company? |
When you sell a covered call, the buyer gives you a premium for the right to purchase 100 shares of your stock at the strike price until the expiration date. The entire premium is yours to keep if you are assigned (the buyer exercises his call and you must sell) or the call expires worthless in May.
If you purchas... |
The market doesn't care what you paid for it.
You own a stock at $15.75.
If you sell a call for $7.30, You own the stock at a cost of $8.45, but are obligated to sell at $10, a gain of $1.55/share or $775 profit even if it drops another $4.75.
Zero risk? I've sold a $20 call on a $20 stock for $10. Thinking I'... |
Sticky Situation in Negotiation - Should I walk away from contract if I already did the job? |
I hope that it's appropriate to ask this kind of question here and I'm not sure how to formulate it. I have a specific (real) example that I'd like to outline to see if I understand this correctly. Please confirm or correct my analysis.
Ignoring fees, suppose I bought 500 shares of stock A at $15.75 and after it ... |
Covered calls - can anyone confirm if my understanding is correct? |
> Should I walk away from contract if I already did the job?
But you have no contract.
> we have 0 signed contracts between us.
Get one. **Now.** With a clause which handles "little fixes and changes" at an adequate hourly rate. |
You own a stock at $15.75.
If you sell a call for $7.30, You own the stock at a cost of $8.45, but are obligated to sell at $10, a gain of $1.55/share or $775 profit even if it drops another $4.75.
Zero risk? I've sold a $20 call on a $20 stock for $10. Thinking I'm up 100% if the stock stays flat. Somehow it wen... |
I hope that it's appropriate to ask this kind of question here and I'm not sure how to formulate it. I have a specific (real) example that I'd like to outline to see if I understand this correctly. Please confirm or correct my analysis.
Ignoring fees, suppose I bought 500 shares of stock A at $15.75 and after it ... |
Giving your checking/savings account number to someone is incredibly insecure - they can debit your account! The routing numbers are public information. How can I have an account that only accepts deposits?
---
A very common example is paying by check - the recipient has your checking and routing numbers. This ca... |
Is it forbidden to have more than one Roth account? |
I love the ISA investment account and now considering investing in a junior ISA for my new born son.
I understand that if you have any of the account above opened while you live abroad you can just leave them open without being able to make any new addition of money while you are still no tax resident. that is reason... |
Resources like [this one][1] suggest putting taxable bonds in tax-exempt accounts and equity index funds in taxable accounts. But the expected return of taxable bonds is much lower than that of equity funds, so isn't it better to do the opposite? For example, [VTABX][2] has a difference in average annual returns of 1.4... |
Why is it better to put taxable bonds in tax-exempt accounts? |
**Background:**
I hold silver ETC that charges 0.49% TER. There are cheaper ETCs that haven't been around when I entered the market. I am trying to assess if it makes sense to roll over. Interestingly, the cheaper versions seem to (marginally) perform worse based on data from [justetf.com][1]. If that's true, this i... |
How can ETCs with same underlying, denomination & expense ratio differ in return? |
One commodity, 2 ETCs, same specs, different return - why? |
**Background:**
I hold silver ETC that charges 0.49% TER. There are cheaper ETCs that haven't been around when I entered the market. I am trying to assess if it makes sense to roll over. Interestingly, the cheaper versions seem to perform worse based on data from [justetf.com][1]. If that's true, this is a hidden fe... |
I purchased a car, borrowing money from a bank for the auto loan.
Long story short, I asked the bank for a detailed history of my payments, and they sent me a document that shows every payment I've made, how much was allocated to interest, and how much was allocated towards principal.
When I do the math, the sum o... |
Can a bank continue to allocate payments to interest even after they have taken what the contract states? |
I love the ISA investment account and I'm now considering investing in a Junior ISA for my newborn son.
I understand that if you have any these accounts open while you live abroad then you are not able to make any new addition of money while you are still a non tax resident. That is reasonable and fine.
Also, ... |
I understand, mostly, when a share of stock undergoes a short trade exchange that both the lender and lendee can in effect claim ownership. If this was done for every share of the stock, I would imagine that it would be possible to have a reported 200% of shares held, but is it possible by other means/options to exceed... |
I know it's possible to have >100% of shares held via shorts, but how can institutions hold more than 200% of shares? |
[ARK Invest](https://en.wikipedia.org/wiki/Ark_Invest) CEO/CIO [Cathie Wood](https://en.wikipedia.org/wiki/Cathie_Wood) [mentioned](https://youtu.be/MzPzz24UN3c?t=1470) on 2021-01-08:
> We're seeing the yield curve steepens, i.e. long rates are going up but short rates are not, because the Federal Reserve is holding... |
Why does a steepening bond yield curve usually result in a stock price increase? |
[ARK Invest](https://en.wikipedia.org/wiki/Ark_Invest) CEO/CIO [Cathie Wood](https://en.wikipedia.org/wiki/Cathie_Wood) [mentioned](https://youtu.be/MzPzz24UN3c?t=1508) on 2021-01-08:
> We're seeing the yield curve steepens, i.e. long rates are going up but short rates are not, because the Federal Reserve is holding... |
Why does a steepening bond yield curve usually result in a price increase for stocks in the financial sector? |
This is really more a question about terminology. In many articles describing synthetic long stock options strategy, losses (on the Short Put leg of the trade) are noted as being "unlimited".
> [...] it can be seen that the potential loss of the trade has become unlimited., http://www.option-trading-guide.com/synthe... |
Why are Short Put option strategy losses said to be unlimited when they are limited by fact that stocks don't fall below zero? |
What is the financial name for the following return:
- invested capital = 1000
- profit = 2%
- **currentValue1** = 1000*1.02 = 1020 $
- **currentValue2** = 100%+2% = 102%
What does `currentValue1` and `currentValue2` stand for? Are these the `gross return`, the `cash flow` or have the two other names (common... |
invested value + profit (-loss) =? |
If I haven’t put my ISA allowance in this year but have taken £12,000 out of my ISA, how much can I put in for that year? |
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. ... |
**Background:**
I hold silver ETC that charges 0.49% TER. There are cheaper ETCs that haven't been around when I entered the market. I am trying to assess if it makes sense to roll over. Interestingly, the cheaper versions seem to perform worse based on data from [justetf.com][1]. If that's true, this is a hidden fe... |
So imagine this setup
Sell put strike $10
Buy put strike $9
At expiration, the price is at 9.5 which should cause you to be assigned but your call won't execute.
However, if you're doing this on a margin account, the capital required for this setup likely won't cover 100 shares, so what happens?
Real... |
What is the financial name **which a broker would give** to the following returns:
- invested capital = 1000
- profit = 2%
- **currentValue1** = 1000*1.02 = 1020 $
- **currentValue2** = 100%+2% = 102%
**MarketValue** is not the right name for currentValue1, if the position is already closed.
What does `cu... |
So imagine this setup
Sell put strike $10
Buy put strike $9
At expiration, the price is at 9.5 which should cause you to be assigned but your call won't execute.
However, if you're doing this on a margin account, the capital required for this setup likely won't cover 100 shares, so what happens?
... |
Imagine this setup:
Sell put strike $10
Buy put strike $9
At expiration, the price is at 9.5 which should cause you to be assigned but your call won't execute.
However, if you're doing this on a margin account, the capital required for this setup likely won't cover 100 shares, so what happens?
Rea... |
First, a couple of terminology corrections.
> At expiration, the price is at 9.5 which should cause you to be assigned but your call won't execute.
This is a put spread. There is no call option involved. Perhaps 'your call' refers to lacking sufficient capital to buy the assigned stock? If so, it needs a bette... |
Imagine this setup:
Sell put strike $10
Buy put strike $9
At expiration, the price is at 9.5 which should cause you to be assigned but your bought put won't execute.
However, if you're doing this on a margin account, the capital required for this setup likely won't cover 100 shares, so what happens?
... |
The amount of interest is not "contracted". It's how much interest you'll pay if you make the exact monthly payment on time. It's calculated monthly assuming that your payments reduce the amount of principal owed, and subsequently how much of your payment goes to interest. Only the amount of principal is contracted - m... |
Let's say on January 26, a Robinhood customer sells 100 shares of GME to a Charles Schwab customer for $120/share. In the US, stock trades settle 2 days later. So while the trade executes on Jan 26, the shares and dollars don't change hands until Jan 28. By then, the shares are worth $475, but Robinhood still has them.... |
I have a single-member LLC (disregarded entity, pass-through, not elected as S or C corporation). I hired a C Corporation for a temporary project and made several payments.
Question came to my mind as to how to report these payments as a business expense? Since IRS says there is no need to issue 1099-MISC or 1099-NEC ... |
Where to report payments made to C Corporation? |
Let's say on January 26, a Robinhood customer sells 100 shares of GME to a Charles Schwab customer for $120/share. In the US, stock trades settle 2 days later. So while the trade executes on Jan 26, the shares and dollars don't change hands until Jan 28. By then, the shares are worth $475, but Robinhood still has them.... |
Let's say on January 26, a Robinhood customer sells 100 shares of GME to a Charles Schwab customer for $120/share. In the US, stock trades settle 2 days later. So while the trade executes on Jan 26, the shares and dollars don't change hands until Jan 28. By then, the shares are worth $475, but Robinhood still has them.... |
Your primary focus in retirement should be preservation of assets. Assuming that's resolved, despite popular wisdom, I would withdraw the assets that incur the lowest amount of taxation with the intent of having the highest taxed assets going to my heirs with a stepped up basis (no taxation).
In addition, if you min... |
I have a single-member LLC (disregarded entity, pass-through, not elected as S or C corporation). I hired a C Corporation for a temporary project and made several payments.
Question came to my mind as to how to report these payments as a business expense? Since IRS says there is no need to issue 1099-MISC or 1099-NE... |
In purchasing on-line from a small store, using PayPal, the seller sent me an E-mail saying, to prevent fraud, they need me to send a screenshot of the E-mail "Receipt for Your Payment" from PayPal, otherwise they must cancel my order. Is it safe to provide these details to the seller? |
Is it safe to send merchant PayPal's "Receipt for Your Payment "? |
In purchasing on-line from a small store, using PayPal, the seller sent me an E-mail saying, to prevent fraud, they need me to send a screenshot of the E-mail "Receipt for Your Payment" from PayPal, otherwise they must cancel my order. Is it safe to provide these details to the seller?
Note that PayPal never contact... |
When you make a trade, the money and the shares don't immediately change hands. That happens (in the US) 2 days later, a process called _settlement_.
When you buy shares, your brokerage is now obligated to deliver a pre-agreed amount of money in exchange for shares at settlement. Your brokerage holds the money until... |
I am using a website to buy/sell crypto currency on instant basis. I don't know how the buy and sell price is calculated. Although the question might sound stupid but out of curiosity, is it possible for the sell price to go higher than the buy price by any chance? |
In crypto exchange website, is it possible for the sell price of a coin to go higher than the buy price? |
> would these applications and rejections affect my credit score?
Yes applications affect your credit score slightly. Too many applications give the ***perception*** to lenders that you are desperate for credit and make it appear that you are experiencing hard times.
Refrain from randomly applying for credit card... |
I am not eligible for Traditional IRA this year (2020). But I am still under the limits for Roth IRA. I will contribute to Roth IRA in full. I heard that there is a Non-deductible IRA. Can I do the Non-deductible IRA as well? That is Can I contribute to Roth IRA and Non-deductible IRA at the same time? |
I cannot do Traditional IRA. But I can contribute to Roth IRA. Can I do the non deductible IRA at the same time? |
Not unless the exchange does something unusual with fees. If someone was willing to buy at a price equal to or greater than someone else was willing to sell at a properly-functioning exchange, they will have already made a trade with each other. What would they be waiting for? |
**Background:**
I hold silver ETC that charges 0.49% TER. There are cheaper ETCs that haven't been around when I entered the market. I am trying to assess if it makes sense to roll over. Interestingly, the cheaper versions seem to perform worse based on data from [justetf.com][1]. If that's true, there seems to be a... |
**Background:**
I hold silver ETC that charges 0.49% TER. There are cheaper ETCs that haven't been around when I entered the market. I am trying to assess if it makes sense to roll over. Interestingly, the cheaper versions seem to [perform worse][1] (click on "YTD" and see) based on data from [justetf.com][2]. If th... |
**Background:**
I hold silver ETC that charges 0.49% TER. There are cheaper ETCs that haven't been around when I entered the market. I am trying to assess if it makes sense to roll over. Interestingly, the cheaper versions seem to [perform worse][1] (click on "YTD" and see) based on data from [justetf.com][2]. If th... |
I live and work in Illinois. From March 15, 2020 to May 30, 2020, I worked remotely from Indiana for a company domiciled in Illinois. I'm trying to figure out if I need to file for Indiana.
Looking at [Indiana's income tax overview][1], they recognize 3 filing statuses, and this is the one that seems like it would a... |
If I worked remotely from another state for 3 months, do I need to file in both states? |
**Background:**
I hold silver ETC that charges 0.49% TER. There are cheaper ETCs that haven't been around when I entered the market. I am trying to assess if it makes sense to roll over. Interestingly, the cheaper versions seem to [perform worse][1] (click on "YTD" and see) based on data from [justetf.com][2]. If th... |
**Background:**
I hold silver ETC that charges 0.49% TER. There are cheaper ETCs that haven't been around when I entered the market. I am trying to assess if it makes sense to roll over. Interestingly, the cheaper versions seem to [perform worse][1] (click on "YTD" and see) based on data from [justetf.com][2]. If th... |
I'm a programmer and recently I'm approaching to the world of trading. Now I'm attempting to obtain historical data of AAPL.
This is code for obtaining historical data from Quandl:
import datetime
import numpy as np
import pandas as pd
import seaborn as sns
import matplotlib.pyplot as plt
... |
Why i have different historical prices of AAPL between Quandl and Yahoo Finance? How should I behave in cases like this? |
I am using a website to buy/sell crypto currency on instant basis. I don't know how the buy and sell price is calculated. Although the question might sound stupid but out of curiosity, is it possible for the sell price to go higher than the buy price by any chance?
Edit: It's not exactly bid and ask. For example, in... |
Because you lived in Illinois, then they key is what is Indianna sourced income.
I went to the instructions for [IT-40PNR Part-Year and Full-Year Nonresident][instr]
> **Nonresidency and Income Taxable to Indiana**
>
> A part-year resident owes
> tax on taxable income received from all sources while being a... |
I'm a programmer and recently I'm approaching to the world of trading. Now I'm attempting to obtain historical data of AAPL.
This is code for obtaining historical data from Quandl:
import datetime
import numpy as np
import pandas as pd
import seaborn as sns
import matplotlib.pyplot as plt
... |
I want to organize my investments to maximise the use of annual tax free allowances in the UK. The following is what I believe we can utilize - but are there others?
1. Personal Allowance: £12500
2. Starting rate for saving (if other income £0): £5000
3. Personal Savings Allowance: £1000
4. Capital Gains Allo... |
How do I organize my investments to generate the maximum tax free income - in the UK? |
Years ago, I helped out a friend on his startup as a software engineer. Spent ~500-600 hours on it, was compensated a little under half my hourly rate + 4.5% equity in the company, because the company wasn't really making any money so equity was a pretty easy thing for them to hand out at the time.
I've been uninvol... |
How to structure equity buyout? |
Because you lived in Illinois, then the key is what is Indiana-sourced income.
I went to the instructions for [IT-40PNR Part-Year and Full-Year Nonresident][instr]
> **Nonresidency and Income Taxable to Indiana**
>
> A part-year resident owes
> tax on taxable income received from all sources while being a r... |
The bottom line is that whatever you two agree on is fair. Having said that, if the company is worth 1 million your equity is 45K, 3 million 135K.
Offering you $4,500 is ridiculous and you may want to second guess your friendship. If investment was still a ways off, offering you 50% of what is owned is reasonabl... |
It isn't possible to give advice on your specific situation without actually knowing the value of your current equity. Get a lawyer to represent you and give specific advice, including possibly hiring an accounting firm to look at the numbers and give a sense of valuation.
If paying a couple grand to a lawyer and a ... |
Numbers are for example. Does it makes sense to engage in such day trading? (For bitcoin) |
Invest in coin 30k$ selling it in 40k$ and buy more in 46k$ makes sense? |
Bought coin for $30k, sold at $40k, and buy more in $46k. Makes sense? |
I was recently offered a job after interviewing. They offered either w2 or corp 2 corp work. I chose corp to corp and created an LLC and signed a year long renewable contract as a single member LLC taxed as S-crop meaning I payroll myself. They drug tested / background checked and provided a laptop, a bit of training a... |
C2C Employment considered self employed for Fannie / Freddie? |
Can I hedge on a long position of less than 100 shares and if not is there an alternative strategy? |
I was recently offered a job after interviewing. They offered either w2 or corp 2 corp work. I chose corp to corp and created an LLC and signed a year long renewable contract as a single member LLC taxed as S-corp meaning I payroll myself. They drug tested / background checked and provided a laptop, a bit of training a... |
[businessinsider.com](https://www.businessinsider.com/israel-palestine-and-covid-19-vaccines-legal-and-moral-obligations-2021-1) claims that:
> Healthcare in Israel is universal and, by law, all citizens and permanent residents must participate in it.
I find this surprising, as typically citizens who do not resid... |
Must Israeli citizens who do not reside in Israel pay for the nationwide Israeli healthcare system? |
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