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I am currently building a house for myself. My partner is moving in with me; first into a rental property, then once the house is built we will move into the house together. I have read a lot of horror stories of assets being automatically acquired in the case that you and a partner automatically become defacto after a... |
What kind of professional should I speak to regarding protecting a house from auto defacto? |
I'm trying to borrow a large amount of money to buy a home from a friend in Korea.
Is there any tax implication in this case? And is there any limit on the amount? |
I am in my early 20s and currently contribute ~18% of my income to my retirement accounts, 7% to company sponsored Roth 401k (Popular Investment Company) and 11% into my Roth IRA (A "Big 3" Company). My company also contributes an additional 4% to the Roth 401k automatically, no matter how much I contribute. Since they... |
Why is the vehicle test and vehicle lifetime included here.What has the vehicle to do with the Union Budget? |
Why is mandatory vehicle test and vehicle lifetime a part of the union budget? |
Why is the vehicle test and vehicle lifetime included here.What has the vehicle to do with the Union Budget?
https://www.google.com/url?sa=t&source=web&rct=j&url=https://thedailyguardian.com/union-budget-2021-voluntary-vehicle-scrapping-policy-and-its-effects/amp/&ved=2ahUKEwicvqfT2_DvAhVW8HMBHVJ0DakQFjAVegQIGRAC&us... |
Why is the vehicle test and vehicle lifetime included here. What has the vehicle to do with the Union Budget?
https://thedailyguardian.com/union-budget-2021-voluntary-vehicle-scrapping-policy-and-its-effects/ |
What is the difference between shares, stock and stakes? For a layman, many times it seems they are used almost interchangeably. |
When faced with the dilemma regarding how to allocate retirement funds the general advice is to allocate enough money in the 401(k) to maximize the company match, then put money in the IRA until you reach the maximum IRA contribution, and then put more in the 401(k) if you need to save more.
The complexity for some ... |
I recently closed my Edward Jones account and performed an in kind transfer of all my shares to my Ally Invest Account. I see all partial shares (from my DRIP) had been sold for cash before the transfer, that all of my shares have been transferred over from EJ to Ally, and I see all the cash I had in EW in my Ally acco... |
I recently closed my Edward Jones account and performed an in kind transfer of all my shares to my Ally Invest Account. I see all partial shares (from my DRIP) had been sold for cash before the transfer, that all of my shares have been transferred over from EJ to Ally, and I see all the cash I had in EW in my Ally acco... |
I am in my early 20s and currently contribute ~18% of my income to my retirement accounts, 7% to company sponsored Roth 401(k) (Popular Investment Company) and 11% into my Roth IRA (A "Big 3" Company). My company also contributes an additional 4% to the Roth 401(k) automatically, no matter how much I contribute. Since ... |
Mid twenties, no debt, maxed out all contributions to "common sense" stuff, what can I do to maximize the value of my money now? |
I'm in my mid twenties living in the US, in a relatively inexpensive city (my rent is 930 a month).
I max out 401k, 80% going to ROTH 401k, 20% traditional 401k (I expect I'm going to have to pay more taxes in retirement than right now).
I max out my ROTH IRA, 6000 a year
I max out my HSA, I'm young and I do... |
I'm in my mid twenties living in the US, in a relatively inexpensive city (my rent is 930 a month).
I max out 401k, 80% going to ROTH 401k, 20% traditional 401k (I expect I'm going to have to pay more taxes in retirement than right now).
I max out my ROTH IRA, 6000 a year
I max out my HSA, I'm young and I do... |
I'm in my mid twenties living in the US, in a relatively inexpensive city (my rent is 930 a month).
I max out 401k, 80% going to ROTH 401k, 20% traditional 401k (I expect I'm going to have to pay more taxes in retirement than right now).
I max out my ROTH IRA, 6000 a year
I max out my HSA, I'm young and I do... |
I'm in my mid twenties living in the US, in a relatively inexpensive city (my rent is 930 a month).
I max out 401k, 80% going to ROTH 401k, 20% traditional 401k (I expect I'm going to have to pay more taxes in retirement than right now).
I max out my ROTH IRA, 6000 a year
I max out my HSA, I'm young and I do... |
By not moving jobs, the grant of share options **ties your financial success to company performance** (where for this purpose success is measured by an increased share price).
A successful, rapidly growing business could see its share price move far beyond its current £16 value.
It is conceivable that the share p... |
I've read the investopedia article on Riskless Principle and my understanding is that a broker/dealer gets an order from a client of buy or sell a security at say 10. Then at the same time the broker executes an identical order in the marketplace for their own account.
Now, I know brokers make money from the spread... |
Riskless Principal - how it works? |
I've read the [investopedia article on Riskless Principal][1] and my understanding is that a broker/dealer gets an order from a client of buy or sell a security at say 10. Then at the same time the broker executes an identical order in the marketplace for their own account.
Now, I know brokers make money from the s... |
I'm in my mid twenties living in the US, in a relatively inexpensive city (my rent is 930 a month).
I max out 401k, 80% going to ROTH 401k, 20% traditional 401k (I expect I'm going to have to pay more taxes in retirement than right now).
I max out my ROTH IRA, 6000 a year
I max out my HSA, I'm young and I do... |
I am a US citizen residing in the UK (long-term, possibly including in retirement). My spouse is also a US citizen, and my children have dual citizenships.
Are there any investments available to us that have the same tax benefits as both a UK ISA and a US IRA — i.e., an ISA with no (or minimal) US tax burden, or an IR... |
Tax-free (or low tax) investments for US citizen residing in the UK? |
Even if a zero-balance credit card is not used, the account age and available credit limit help a person's credit score.
If the person decides they no longer wish to use the card (e.g. due to a rewards program change that makes it no longer the best option for any category), there is some value in leaving the acco... |
Which is worse for credit score: Bank closure for inactivity, or consumer closure, of a credit card? |
[Non-fungible tokens][1] (NFTs) are all the rage. Creators can create works for digital art (and other types of digital assets) and sell them online. The sales occur on a cryptocurrency exchange like Bitcoin or Ethereum.
It has been compared to a stock market, where people speculate on assets with the express goal ... |
I've read the [Investopedia article on Riskless Principal][1] and my understanding is that a broker/dealer gets an order from a client of buy or sell a security at say 10. Then at the same time the broker executes an identical order in the marketplace for their own account.
Now, I know brokers make money from the s... |
Riskless Principal - how does it work? |
In theory what it's more 'cheaper' buying a home or building one?.
For simplicity we could assume that the terrain size is the same, in the same area, using the same house model (to calculate the material used to build the home).
***What i'm looking for is for a simple formula to evaluate if it's more convinient bu... |
There's not a "formula". You need to figure out what house you want to build, get a design, get a quote from a builder (including all of the options you want), add the cost of the land to that quote, and compare with buying an existing house. There are a lot of variables there - how "complex" is the house to build? Ho... |
I have a question, when you sell `options` `(Call, Put)` you get `credit` upfront, but my question is where you can see these credit amounts? in `Stocks & Options` or in `Brokerage Cash`
1) When you sell call all your underlying stocks are used as Collateral.
2) When you sell PUT then your cash used as collateral.
... |
In theory what is 'cheaper': buying a home or building one?.
For simplicity we could assume that the terrain size is the same, in the same area, using the same house model (to calculate the material used to build the home).
***What I'm looking for is for a simple formula to evaluate if it's more convenient buy or b... |
Any brokerage should be able to put you in contact with shareholders to purchase shares, which is essentially a Tender Offer. Tender Offer is a set price that a purchaser of stock is willing to engage in a transaction. From **Investopedia** *a tender offer is a bid to purchase some or all of the shareholders' stock in ... |
I have a question, when you sell options (call or puts) you get credit upfront, but my question is where you can see these credit amounts? In "Stocks & Options" or in "Brokerage Cash"?
1) When you sell call all your underlying stocks are used as Collateral.
2) When you sell PUT then your cash used as collateral.
... |
You ask:
> In theory what is 'cheaper': buying a home or building one?
In *theory*, the cost is the same whether you buy or build.
The broad components are:
* the direct costs (builders, material, fees, etc)
* the opportunity cost of commissioning the building (owner's time used in the process, and other i... |
I don’t want to write a whole answer but
> But stocks are backed by companies
Stock is not backed by the company it ***IS*** the company. One share of a company is ownership equal to 1/1,000,000,000th (or whatever depending on the number of shares issued by the company) of the company’s equity. You have a claim... |
I don’t want to write a whole answer but
> But stocks are backed by companies
Stock is not backed by the company it ***IS*** the company. One share of a company is ownership equal to 1/1,000,000,000th (or whatever depending on the number of shares issued by the company) of the company’s equity. You have a claim... |
I freelance in HK. I found this paragraph in a letter from Hong Kong's Inland Revenue Department. They didn't embold anything, I embolded all the jargon I don't understand. Can someone translate all this to simple English? What the heck does "aggregate basis" mean? "same manner as under salaries tax"? Thank you.
Per... |
Taxpayers can opt for their total income from employment or other sources to be assessed on an aggregate basis as under salaries tax? |
I'm a bit embarrassed by this question. The work I was doing prior to COVID got shut down. I have since started a retail job that is close to minimum wage ($14.70/hr). I normally work 30-40 hours per week. Also I have some very part time work where they consider me a contractor, but this is unreliable.
Given the [C... |
Is it even worth working a minimum wage job right now given the government's pandemic response? |
The academic definition of shorting is to borrow someone else's asset such as stocks, sell it now and repay it later. So I assume that when I short the stocks, money is credited to my account from a stock exchange. This is what I learned from my finance textbook.
However, when I trade cryptocurrencies on Binance or Co... |
If iI short crypto, why don't I get the money immediately? |
I want to submit EIS claim form, but the form I got from the company is accidentally damaged, so I want to find the blank form, print it and submit. But for some weird reason I just cannot find the blank EIS claim form anywhere. Does anyone know where I can get my hands on one? |
The work I was doing prior to COVID got shut down. I have since started a retail job that is close to minimum wage ($14.70/hr). I normally work 30-40 hours per week. Also I have some very part time work where they consider me a contractor, but this is unreliable.
Given the [CRB][1] is it even worth it to have a job... |
I have a property that is rented out, and generating monthly income.
I would like to invest in another property, and I have 2 ways to finance it:
1. sell property A
1. take a mortgage on property A
as there are a lot of factors in play (interest rate on the loan (known), amount of rent (known), selling amount o... |
> In theory what is 'cheaper': buying a home or building one?.
Usually building a house is slightly (but not much) cheaper due to several reasons:
* You need to purchase the land to build the house on at some cost. As you are going to build a house on the land anyway, you know you have a use for it. A company tha... |
Please don't argue about how risky or irresponsible such a trading strategy is. Many financial publications described that Mr Hwang got a leverage of about 1:5 meaning for each $100 of his own money he could buy $500 in stocks. How can a normal person get such a leverage without using options or CFDs? |
Where can a normal person get the same leverage Bill Hwang got to buy stocks? |
Calculate your debt to income ratio after the new mortgage. If it's too high, you shouldn't take any extra mortgage.
How do you know what is too high? In my case, I'm young and have a rather high income from my job in the software industry. I'm comfortable with approximately twice my annual income minus taxes as loa... |
I'm new to investing and did not know there was a wash sale rule. I bought a stock as I had thought it was at its bottom and sold as it continued to drop. I then bought the stock back later as it reached its potential bottom. The wash sale rule applied of course. I plan to hold this stock long term. If I continue to a... |
The core of your question:
> My best guess is I should take $20,000 and put it into index funds.
> I'm worried about tax implications and what happens with dividends
> (like are some funds automatically withheld? I know I'll make more
> overall but will I end up having to pay if I make enough in dividends
> come... |
I freelance in HK. I found this paragraph in a letter from Hong Kong's Inland Revenue Department. They didn't embold anything, I embolded all the jargon I don't understand. Can someone translate all this to simple English? What the heck does "aggregate basis" mean? "same manner as under salaries tax"? Thank you.
> P... |
I'm in my mid twenties living in the US, in a relatively inexpensive city (my rent is 930 a month).
I max out 401(k), 80% going to Roth 401(k), 20% traditional 401k (I expect I'm going to have to pay more taxes in retirement than right now).
I max out my Roth IRA, 6000 a year
I max out my HSA, I'm young and ... |
The work I was doing prior to COVID got shut down. I have since started a retail job that is close to minimum wage ($14.70/hr). I normally work 30-40 hours per week. Also I have some very part time work where they consider me a contractor, but this is unreliable.
Given the [CRB][1] is it even worth it to have a job... |
Do REIT ETFs that exclusively invest in foreign real estate distribute dividends that qualify for the section 199a deduction?
Also, do they pass on any foreign tax paid for deductions?
And finally, in the name of teaching a man to fish - I can go to any number of websites on any number of REITs. They'll tell you ... |
Do foreign REITs distribute section 199a dividends? |
The Interactive Brokers [U.S. Microcap Stock Restrictions][1] page says:
> Execution-only clients (i.e., **execute trades through IBKR, but clear those trades elsewhere**) may not trade U.S. Microcap Stocks within their IBKR account. (IBKR may make exceptions for U.S.-registered brokers)
How is it possible to exe... |
How is it possible for a trade to be executed by a broker but cleared by another broker? |
In the USA I'm working on a 1031 exchange. I'm having trouble finding Information on how a boot (If I take one) will be taxed.
I'm closing on my sale for $700k. I will have a capital gain of $550k.
I have a mortgage of $200k.
If I buy something new for $600k, leaving me with a $100k boot, how will that $100k be ... |
How will my 1031 boot be taxed? |
Everywhere?
In the US, pretty much every provider that offers a margin account gives a 4:1 margin - you have 100k cash, you can buy 400k of stocks (or do other transactions, like short sales, write naked calls, etc.). Try eTrade, JPMorgan Chase, Vanguard, Robinhood, etc. The minimum to get a margin account is to have... |
The work I was doing prior to COVID got shut down. I have since started a retail job that is close to minimum wage ($14.70/hr). I normally work 30-40 hours per week. Also I have some very part time work where they consider me a contractor, but this is unreliable.
Given the [CRB][1] is it even worth it to have a job... |
In the USA I'm working on a 1031 exchange. I'm having trouble finding information on how a boot (if I take one) will be taxed.
I'm closing on my sale for $700k. I will have a capital gain of $550k.
I have a mortgage of $200k.
If I buy something new for $600k, leaving me with a $100k boot, how will that $100k be ... |
I'm new to stocks. I'm reading the annual 10 K report of Wayfair for 2020: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001616707/db9faad5-8962-4135-a35b-2419392ed51e.pdf
In p.37 when mentioning the figures of the metric, they have this note at the top of the table:
(in thousands, except LTM Net Revenue per Active Cu... |
I have a Rollover IRA from 2016 and I want to move that money into my Roth IRA account.
1. Can I just sell and transfer that money to the Roth IRA with no penalties (no taxes)?
1. Also, that wouldn't count towards my contribution limit, right?
I've tried researching but this doesn't seem to be a common situatio... |
There's some missing information in this.
Was the underlying near or even over $412 during the day? If so, you should have dealt with the short call yourself yesterday, if not sooner.
You sold the Iron Condor so you received a credit. Was it larger than the call spread close out loss?
AFAIC, Robinhood has ... |
I am in my early 20s and currently contribute ~18% of my income to my retirement accounts, 7% to company sponsored Roth 401(k) (Popular Investment Company) and 11% into my Roth IRA (A "Big 3" Company). My company also contributes an additional 4% to the Roth 401(k) automatically, no matter how much I contribute. Since ... |
How should I split my contributions to Roth IRA and Roth 401k? |
Suppose This year I have a capital gain of 200 thousand pounds, but last year I had a loss of 50 thousand pounds... this year can I pay taxes only on 150 thousand pounds of capital gain?
And what if the events happen in the opposite order: suppose last year I had a capital gain of 200 thousand pounds and I paid taxe... |
Can I reduce the capital gain on which I have to pay taxes if the previous year I had big losses? |
Suppose this year I have a capital gain of 200 thousand pounds, but last year I had a loss of 50 thousand pounds... this year can I pay taxes only on 150 thousand pounds of capital gain?
And what if the events happen in the opposite order: suppose last year I had a capital gain of 200 thousand pounds and I paid taxe... |
Today I wanted to buy a few shares of Apple (AAPL), let's say 10 shares.
When I handled the UI, there was the "By number of shares" and "By dollar amount" and then "Market" and "Limit" price, and I clicked this and that, and it didn't accept the order (might have put in 1000 to mean $1000 but the label was "Number o... |
Say someone held some non-cash assets (shares, cryptocurrency, etc.) with a third-party business that went bankrupt. They become a creditor in the bankruptcy proceedings, lose access to whatever assets were being held on their behalf, and may at some point in the future recover some fraction of their original assets (... |
What is the tax status of assets recovered via bankruptcy proceedings? |
The highest leverage you can get as a retail investor is limited by regulation. And to get anywhere near the level of leverage you're asking about you'd need to use Options and/or Futures.
If your requirement that no options or futures could be used was lifted though, the following inadvisable scenario would get y... |
The highest leverage you can get as a retail investor is limited by regulation. And to get anywhere near the level of leverage you're asking about you'd need to use Options and/or Futures.
If your requirement that no options or futures could be used was lifted though, the following inadvisable scenario would get y... |
I see on [wikipedia][1] that "DTCC settled the vast majority of securities transactions in the United States and close to $1.7 quadrillion."
OK, so it seems that DTCC is the clearing house that everyone cares about.
Then I read that the NYSE and Nasdaq have subsidiaries which are clearing houses.
As I see it o... |
Why does a stock exchange need a clearing firm? |
The academic definition of shorting is to borrow someone else's asset such as stocks, sell it now and repay it later. So I assume that when I short the stocks, money is credited to my account from a stock exchange. This is what I learned from my finance textbook.
However, when I trade cryptocurrencies on Binance or ... |
If I short crypto, why don't I get the money immediately? |
The academic definition of shorting is to borrow someone else's asset such as stocks, sell it now and repay it later. So I assume that when I short the stocks, money is credited to my account from a stock exchange. This is what I learned from my finance textbook.
However, when I trade cryptocurrencies on Binance or ... |
(Updated) If I short crypto, why don't I get the money immediately? |
As a young person starting work and higher education, there is a lot of advice to begin saving and investing (the most common thing I hear is to invest into a Roth IRA but I'm Australian). Often it may also be to buy a SP500 tracked index or something of the sort.
This makes a lot of sense. Time is on the side of yo... |
Why don't countries invest? |
I am new to option trading. I would like to know
1) For US options, what is time frame for the underlying stocks to be delivered once the call/put is exercised?
2) If I am the seller of a call option and I am unable to deliver the stock once the call is exercised, what will happen?
3) When I read about option ... |
What is the delivery time of the underlying stock on an option and what is the process? |
> But if it's so great - why don't countries do it?
Oh sure they do. I think you'll find that many countries that have excess oil wealth have decided to invest. For example, see <a href="https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway">Government Pension Fund of Norway</a> and other <a href="https://... |
**Note** this answer is for an individual who died in 2019 and whose beneficiaries have the opportunity to do 'Stretch IRA'. Beneficiaries for 2020 and later decedents are not able to take RMD distributions over the beneficiaries' lifetime.
From: [Publication 590-B (2020), Distributions from Individual Retirement Ar... |
**Note** this answer is for an individual who died in 2019 and whose beneficiaries have the opportunity to do 'Stretch IRA'. Beneficiaries for 2020 and later decedents are not able to take RMD distributions over the beneficiaries' lifetime.
From: [Publication 590-B (2020), Distributions from Individual Retirement Ar... |
I'm coming from non-accounting and non-finance backgrounds. I need help in form of understanding through a question. I want to ask about something related to the balance of a *balance-sheet*. Fundamentally, The total value of your assets must be *equal* to the combined value of your liabilities and equity. However, I g... |
Can long-term assets ruin the balance in the balance-sheet? |
I'm trying to find some basic answers here but having a very hard time. I have a job currently and I'm about to lose it. I have pulled out a 401k loan and paying it back through the payroll deduction.
What I'm trying to find out is what happens once I quit my job? Let's say I have a 38,000 loan and I have about 97,0... |
How does 401k loan default after you left your job? |
So I paid my CC payment on the date it was due which was a Saturday. My CC payments state that the transaction is "posted" and no longer processing which is great but, no money has left the checking account I use to pay my credit card. Is my CC payment still on time? |
I paid my CC payment on it's due date and it states posted but no money has yet to come out of my bank account, is my payment still on time? |
The academic definition of shorting is to borrow someone else's asset such as stocks, sell it now and repay it later. So I assume that when I short the stocks, money is credited to my account from a stock exchange. This is what I learned from my finance textbook.
However, when I trade cryptocurrencies on Binance or ... |
If I short crypto, why don't I get the money immediately? |
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