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> Seems to fly into the face of the many articles that say "never take out a 401K loan".
You need to look at the date of the articles. The Trump tax plan removed some of the gotchas with 401K loans. Mainly you now have at least a year to pay back the loan, when you leave an employer, where you only had 30 days (I... |
I live in the United States and work for a local office of a UK company. My employer has an ESPP administered by a company called "Equiniti". I wish to sell stock held in that ESPP.
The first problem is that Equiniti charges outrageous transaction fees: a flat fee *plus* $0.12 per share. This wouldn't be a big de... |
> So at what time does a SPAC aquisition represent a cash injection for
> the target? Does it happen systematically or only on certain deals?
It's common, not systematic, to have a funding event for the target company alongside a liquidity event for the target shareholders.
For example, the SPAC acquisition [ann... |
I hear that a stock in Nasdaq will be forced to be delisted if its price keeps being below 1 USD for a certain period of time. But why there are still so many below one dollar stocks in the market? |
Why is a stock that trades below $1 USD still listed on the NASDAQ? |
Back in the '70s banks would offer savings products whose "contract rate" would not be an entirely straightforward representation what sort of interest you'd get. As a result Congress passed [the Truth in Savings Act][1] to create the APY and require financial institutions to use it in advertising.
A savings account... |
How do people retire early? Say that their debts (including house) are paid in full, they have ample money *already* saved in IRAs, 401ks, etc., they are expecting a pension, and have earned enough SS credits so that at age 65, their expected annual income from all these sources will far exceed their expenses and spen... |
Type of account for investing surplus funds when planning to retiring early? |
Let's assume the following:
1) I need $50K for various expenditures (aka simply spending, not paying off CC debt or putting the money somewhere else).
2) I can either liquidate regular taxable investments and pay 15% LT capital gains taxes which amount to about $5K in this case. So, in order to keep $50K I'd have... |
I filed 83(b) election via certified mail but forgot to request a return receipt, I assumed that I will get a return receipt by default which I was wrong about.
The certified mail shows that it has been delivered. Should I send another copy again?
|
I filed 83(b) election via certified mail but forgot to request a return receipt, should I file again? |
Say you work for a business that offers 401(k) plan. [Investopedia says](https://www.investopedia.com/ask/answers/090915/can-my-401k-be-seized-or-garnished.asp):
> Under the Employment Retirement Income Security Act of 1974 (ERISA), the funds in your 401(k) only legally belong to you once you withdraw them as income... |
Are employee (NOT employer) contributions to a 401(k) ERISA-protected? |
Why is wholesale price index so important for us? How does it impact and what role does supply chain have to do with it? |
What is Whole Sale Price Index and why is it so important? |
Is it safe to invest in cryptocurrencies such as BitCoin? |
In the US OTC stock market, do customer orders have higher priority than market makers' orders? For example, a market maker is bidding on stock S at $10 for 100 shares. Assume that this is the highest bid, and that the quotes do not change. A few moments later, I similarly place a bid on stock S at $10 for 100 shares. ... |
What is Wholesale Price Index and why is it so important? |
How safe is it to invest in cryptocurrency? I see bitcoin going up almost every time I look at its market value. How can anyone be sure it wouldn't crash in the future? |
Is it safe to invest in cryptocurrencies such as bitcoin? |
> How can anyone be sure it wouldn't crash in the future?
You can't. There is no perfect safety in investing. And even investments that are considered pretty safe (like government bonds) are exposed to inflation risks.
For cryptocurrencies specifically, this is a highly speculative asset class. Right now, many p... |
> How can anyone be sure it wouldn't crash in the future?
You can't. There is no perfect safety in investing. And even investments that are considered pretty safe (like government bonds) are exposed to inflation risks.
For cryptocurrencies specifically, this is a highly speculative asset class. Right now, many p... |
Do OTC stocks trade similarly to their foreign exchange equivalents?
I'm looking at a company that is not available for US investors on the ASX, but it has ticker on the OTCQX. My broker shows me historical data for this ticker, and it shows it never $0.6 all the way back to 2002; whereas if I look at other charting... |
Do OTC stocks trade similarly to their foreign exchange equivalents?
I'm looking at a company that is not available for US investors on the ASX, but it has ticker on the OTCQX. My broker shows me historical data for this ticker, and it shows it never rose above $0.6 all the way back to 2002; whereas if I look at oth... |
>Suppose I borrow $1000 at a 15.99% interest rate compounded monthly. Now 15.99% divided by 12 is 1.3325%, and 1.3325% of $1000 is $13.325, so (I presume - please correct me!) $13.33 is added to the balance, and the new balance is $1013.33. Then the formula A = P(1+i)^n (with P=1000, i=0.013325, and n=1) is off by half... |
Do OTC stocks trade similarly to their foreign exchange equivalents?
I'm looking at a company that is not available for US investors on the ASX, but it has ticker on the OTCQX. My broker shows me historical data for this ticker, and it shows it never rose above $0.6 all the way back to 2002; whereas if I look at oth... |
Are there websites to comprehensively compare personal tax rates between countries? |
Do OTC stocks trade similarly to their foreign exchange equivalents?
I'm looking at a company that is not available for US investors on the ASX, but it has ticker on the OTCQX. My broker shows me historical data for this ticker, and it shows it never rose above $0.6 all the way back to 2002; whereas if I look at oth... |
> How can anyone be sure it wouldn't crash in the future?
You can't. There is no perfect safety in investing. And even investments that are considered pretty safe (like government bonds) are exposed to inflation risks.
For cryptocurrencies specifically, this is a highly speculative asset class. Right now, many p... |
Do OTC stocks trade similarly to their foreign exchange equivalents?
I'm looking at a company that is not available for US investors on the ASX, but it has ticker on the OTCQX. My broker shows me historical data for this ticker, and it shows it never rose above $0.6 all the way back to 2002; whereas if I look at oth... |
> Do OTC stocks trade similarly to their foreign exchange equivalents?
For [F shares](https://www.otcmarkets.com/files/FAQ-F-Shares.pdf) (such as DYLLF), the answer is "yes". For OTC stocks in general, the answer is "not necessarily".
I'm sure that the discrepancies are caused by faulty data. The faulty data is l... |
> Do OTC stocks trade similarly to their foreign exchange equivalents?
For [F shares](https://www.otcmarkets.com/files/FAQ-F-Shares.pdf) (such as DYLLF), the answer is "yes". For OTC stocks in general, the answer is "not necessarily".
I'm sure that the discrepancies are caused by faulty data. The faulty data is l... |
Do OTC stocks trade similarly to their foreign exchange equivalents?
I'm looking at a company that is not available for US investors on the ASX, but it has ticker on the OTCQX. My broker shows me historical data for this ticker, and it shows it never rose above $0.6 all the way back to 2002; whereas if I look at oth... |
> Do OTC stocks trade similarly to their foreign exchange equivalents?
For [F shares](https://www.otcmarkets.com/files/FAQ-F-Shares.pdf) (such as DYLLF), the answer is "yes". For OTC stocks in general, the answer is "no".
I'm sure that the discrepancies are caused by faulty data. The faulty data is likely caused ... |
### It's a very difficult question to answer - it becomes political in nature, and the nature of definitions used can massively swing the data.
I've spent ages and years trying to find this sort of data. There area number of problems:
- One instant practical problem. One ridiculously stupid thing is that in some... |
<p><p>
Personal Finance and Money Stack Exchange is for people who want to be financially literate, find ways to save money, minimize taxes, invest wisely, plan for retirement, etc. Also for financially-savvy amateurs, DIY-investors & personal finance pros.
</p></p>
<h3>If you have a question about:</h3>
... |
I would even argue about the usage of the word "investment".
There is a difference between gambling and investment. If you buy a cow because it produces milk, it's an investment. You invested money in it, and every day your cow will give you milk, and you can drink the milk, or sell the milk, so it will keep produci... |
I would even argue about the usage of the word "investment".
There is a difference between gambling and investment. If you buy a cow because it produces milk, it's an investment. You invested money in it, and every day your cow will give you milk, and you can drink the milk, or sell the milk, so it will keep produci... |
I remember, when Bitcoin first came out, looking at the technology involved and saying "this will never amount to anything other than one big scam." Turns out I was wrong: it's become a *fractal scam,* with smaller scams inside the big scam and smaller scams still inside of those. But [one thing it has never become i... |
I am trying to compare the "effective income" for several countries, by comparing (gross) salaries from sites such as [levels.fyi][1], and estimating how much would be left for actual spending each month.
I’ve looked at some websites that attempt this, but the problems I encounter with some of the sites I have tried... |
Is it possible to comprehensively compare personal tax rates between countries? |
I'm participating in working on a project part time that will probably last for 3 months. I will get ~£7500 income for this. But at the same time I'm working full time in a permanent position. I wouldn't like to get too much into being a business, so probably this will be my overall income as self employed.
This pro... |
UK - Do I have to pay tax if I spend all my income as a self-employed? |
I have saved money which I plan on using to purchase a used car in the coming years. The amount saved is the purchase price for a used car right now in April 2021 and I would like to make sure that I can afford the same level car in a year or two (or three) when I actually purchase the vehicle. Is there an investment... |
I'm participating in working on a project part time that will probably last for 3 months. I will get ~£7500 income for this. But at the same time I'm working full time in a permanent position. I wouldn't like to get too much into being a business, so probably this will be my overall income as self employed.
This pro... |
The Canadian income tax return line `47600` is for "tax paid by installments".
Assuming I overpaid, if I enter less than the amount I actually paid (making the total owed or refunded be zero), will the unused portion automatically move into prepaid taxes for the next year?
I'm hoping it will simplify things (e.g.... |
What happens if I don't claim all installment payments on my Canadian income tax return? |
I agree with all of the answers that say cryptocurrencies, like all investments and/or gambles sit on a **Risk Continuum**, i.e., they have varying levels of risk relative to one another.
More important though is the risk to **you**. That depends on a few factors including:
1- **Your Age**, or how many years ... |
I agree with all of the answers that say cryptocurrencies, like all investments and/or gambles sit on a **Risk Continuum**, i.e., they have varying levels of risk relative to one another.
More important though is the risk to **you**. That depends on a few factors including:
1- **Your Age**, or how many years ... |
There are a few reasons to be careful about investing in cryptocurrency.
- **"Get rich quick" schemes are a bad idea**
Anything that seems like it could make you a lot of money easily and quickly should be approached with a lot of caution.
This is especially true if we're talking about the finance indust... |
There are a few reasons to be careful about investing in cryptocurrency.
- **"Get rich quick" schemes are a bad idea**
Anything that seems like it could make you a lot of money easily and quickly should be approached with a lot of caution.
This is especially true if we're talking about the finance indust... |
There are a few reasons to be careful about investing in cryptocurrency.
- **"Get rich quick" schemes are a bad idea**
Anything that seems like it could make you a lot of money easily and quickly should be approached with a lot of caution.
This is especially true if we're talking about the finance indust... |
I had a personal health insurance plan from Kaiser, but I forgot to cancel it when my workplace health insurance coverage (also from Kaiser) started, so for 2 months I had 2 plans. Is it possible to get a refund or not pay the premium from my personal plan for the 2 months? |
Accidently forgot to cancel insurance Kaiser, refund possible? |
I had a personal health insurance plan from Kaiser, but I forgot to cancel it when my workplace health insurance coverage (also from Kaiser) started, so for 2 months I was charged for 2 plans. Is it possible to get a refund or not pay the premium from my personal plan for the 2 months? |
Do I have to pay tax if I spend all my income as a self-employed? |
I have a Roth IRA with a balance of something like $150k. Say around $100k of that is contributions. Due to my income, I am ineligible to contribute to the Roth IRA, but I do maximize contributions to my 401(k) and traditional IRA. I also invest "extra" income in a brokerage account, but only have a ~$5k balance at pre... |
-Short answer: **No**. If your main concern is hedging against Used Car inflation over such a short time period ***your best option would be to buy the car now***.
All of your other options are gambles (due to the short time frame and the potentially double digit inflation for Used Cars). [You could hedge against ... |
I am selling an old car for $2500. A stranger offered to buy it at my asking price but wanted to know if I would accept (installment) payments. This sounds like a VERY BAD IDEA so I told him no. But I got to thinking, how would selling a car to another private party on payments even work? I suppose I could keep the tit... |
I have a Roth IRA with a balance of something like $150k. Say around $100k of that is contributions. Due to my income, I am ineligible to contribute to the Roth IRA, but I do maximize contributions to my 401(k) and traditional IRA. I also invest "extra" income in a brokerage account, but only have a ~$5k balance at pre... |
It's a great theoretical question. In my opinion,
- There is No Way to do this
Why do I say so?
- When BANKS, for goodness sake, hold the title on a car, *even they know that in fact it is*: worthless. The only reason the system works is that they do enough volume to write off losses.
All of your thoug... |
I had a personal health insurance plan from Kaiser, but I forgot to cancel it when my workplace health insurance coverage (also from Kaiser) started, so for 2 months I was charged for 2 plans. Is it possible to not pay the premium from my personal plan for the 2 months?
|
What if your buyer doesn't pay his insurance (or bother to carry full coverage) and wrecks the car?
Many auto lenders require borrowers to carry full coverage naming them as beneficiary in such a case, and if you let the coverage lapse then you're in breach of contract and they can repo the car.
Bottom line - NOT... |
What if your buyer doesn't pay his insurance (or bother to carry full coverage) and wrecks the car? Then you're reduced to having to sue for your money. You don't bear legal/financial responsibility for any accidents they have *as long as they (the buyer) are titled as the owner* and you simply put a lien on the vehicl... |
You’re asking about a hypothetical situation where someone sells a vehicle privately on an instalment plan.
Even with (commercial) car dealers, my experience has been that with car sales (as opposed to hire-purchase and the like), the dealer gets their money in full upon release of the vehicle. Any finance is done w... |
Accidently forgot to cancel insurance Kaiser, refund possible? |
Is there a way it is normally done that wouldn't involve a lot of risk for me or a bunch of extra work?
This is the real question and the answer is no. The other answers go over the general reasons why you wouldn’t do this. As referred to in the other answers generally either the buyer arranges financing thems... |
Is there a way it is normally done that wouldn't involve a lot of risk for me or a bunch of extra work?
This is the real question and the answer is no. The other answers go over the general reasons why you wouldn’t do this. As referred to in the other answers generally either the buyer arranges financing thems... |
Is there a way it is normally done that wouldn't involve a lot of risk for me or a bunch of extra work?
This is the real question and the answer is no. The other answers go over the general reasons why you wouldn’t do this. As referred to in the other answers generally either the buyer arranges financing thems... |
What benefit(s) is (are) attained by **options dealers** in bilaterally exchanging the cash for shares to delta-hedge an inter-dealer OTC equity option they are trading? |
A 10-year convertible bond with a somewhat high (compared to the current market) 7.5% per annum coupon interest rate was issued 5 years ago at par by Company XYZ, a highly-rated bond issuer. It specifies that for each $1000 of par value, the bond-holder can convert any time into 20 shares of XYZ common stock. XYZ commo... |
Congratulations. You have saved enough money now, to setup a needed purchase that won't take place for another 2 or three years, if there are no surprises.
Lets run some numbers. You have saved $20,000 and that would buy you a 3 year old make and model X. Your concern is that in 2 or 3 years the car price would hav... |
When you sell an asset in a year, how does your income computed?
Here is a scenario:
say you are a 100K/year salary guy. You sell a home for 1M and with 500K capital gain.
Is your income for that year, 100K + 500K? or because you got a 1M in the sale, your income would be 1.1M?
My gut says the income shou... |
My brother and I are buying a home for 415k. The Downpayments are uneven; I pay $28,500 (68%) and he pays $16500 (32%). It seems fair to split profits when we sell the house proportionally to this but we are struggling to figure out the rental scenario.
We will be renting the home for extra income but I will live i... |
How to split monthly profits in a co-owned (mortgaged) home when we invested different downpayments, and only one of us lives there? |
Background: I recently explained to an amateur trader (who happens to be a family member) about the basics of the bid-ask spread and how market makers make money from the spread. As an offhand remark, I mentioned that market making firms are probably the best traders, and mentioned [Virtu Financial](https://en.wikipedi... |
Seriously, why not keep it clean and pay rent as if you were one of your own tenants? Yes, you get some of it back if you "pay" yourself out of rental proceeds, so why make it complicated?
Not only that, but there's a way to see you paying less rent as a theoretical loss, since what you pay is less than you'd recei... |
Background: I recently explained to an amateur trader (who happens to be a family member) about the basics of the bid-ask spread and how market makers make money from the spread. As an offhand remark, I mentioned that market making firms are probably the best traders, and mentioned [Virtu Financial](https://en.wikipedi... |
Seriously, why not keep it clean and pay rent as if you were one of your own tenants? Yes, you get some of it back if you "pay" yourself out of rental proceeds, so why make it complicated?
Not only that, but there's a way to see you paying less rent as a theoretical loss, since what you pay is less than you'd recei... |
In the book "Antifragility of Islamic Finance: The Risk-Sharing Alternative" by Umar Rafi and Abbas Mirakhor, on page 101 I read the following line:
> Pets.com, the poster-child company of the dot com bubble, was founded in 1998. It **burned through $300 million in two years,** folded in 2000; going from IPO to liq... |
This answer is in response to OP's comment (now edited into the post):
> Was it angel investors' money, and they spent it without any profit? Or was it the value of the company at the time of the dot com bubble, and its market value lost so much in value after the bursting of the bubble?
You can't (directly) spen... |
What does "burned through $300 million" mean? |
I created software that does automatic stock buying and selling through Interactive Brokers' web/API.
Does the SEC regulate this? |
What are SEC issues I should know about when using my automatic stock trading software? |
Did I give bad advice about investing in market making firms? |
> Is there a way it is normally done that wouldn't involve a lot of risk for me or a bunch of extra work?
This is the real question and the answer is no. The other answers go over the general reasons why you wouldn’t do this. As referred to in the other answers generally either the buyer arranges financing themsel... |
> Is there a way it is normally done that wouldn't involve a lot of risk for me or a bunch of extra work?
This is the real question and the answer is no. The other answers go over the general reasons why you wouldn’t do this. As referred to in the other answers generally either the buyer arranges financing themsel... |
> Is there a way it is normally done that wouldn't involve a lot of risk for me or a bunch of extra work?
This is the real question and the answer is no. The other answers go over the general reasons why you wouldn’t do this. As referred to in the other answers generally either the buyer arranges financing themsel... |
I have a margin account for my stock trading.
I know capital gain from stocks held for more than one year is called long-term capital gain while capital gain from stocks held for less than one year is called short-term capital gain.
If I bought a stock at 100 dollars and sold it for 120 dollars two months later... |
I have inherited a set of stocks that sit on the Swedish Stock exchange (in an Avanza brokerage) from a deceased relative. The stocks are still currently in the name/ownership of the still-living spouse. I am a dual US/German citizen who resides in the US. Ideally I would like to transfer the stocks directly from this ... |
How to ownership-transfer inherited securities from a foreign brokerage? |
I'm coming from non-accounting and non-finance backgrounds. I need help in form of understanding through a question.
When a company sends items to club members but is charged for shipping fees from a third party, and the company is reimbursed that cost by the club member, is said cost counted as part of the COGS or... |
Would shipping costs count as COGS? |
In 2019, I did a backdoor Roth IRA contribution that went off without any problems (put $6000 into traditional IRA, converted to Roth IRA). In 2020, I was looking to do the same, but I hit a snag.
I made the 2020 contribution and conversion in the last couple weeks of the year, and due to holiday delays and such, th... |
I am a single individual who arrived in US in Aug 2015 on F1. I was on OPT until 30th Sept 2020 and then switched to H1B from 1st Oct 2020. After reading documents below, I gathered that since I have been F1 from 2015-2019 (5 years), I am no longer an exempt individual and thus all my days in 2020 would be counted towa... |
Should I file as Resident or Non Resident for FY2020? I arrived in US in 2015 on F1 and switched to H1B in Oct 2020 |
I recently heard that the New York Stock Exchange used to close once a week so that they could organize the paper trades. I can't find anything online about it. Does anyone have any insight here? |
What does "not touching the principal" actually mean? |
In 2019, I did a backdoor Roth IRA conversion that went off without any problems (put $6000 into traditional IRA, converted to Roth IRA). In 2020, I was looking to do the same, but I hit a snag.
I made the 2020 contribution and conversion in the last couple weeks of the year, and due to holiday delays and such, the ... |
I have a margin account for my stock trading.
I know capital gain from stocks held for more than one year is called long-term capital gain while capital gain from stocks held for less than one year is called short-term capital gain.
If I bought a stock at 100 dollars and sold it for 120 dollars two months later... |
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