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I'm trying to understand the difference between S&P 500 trackers. Example:
SPY
IVV
VOO
They all have different prices (IVV being $1 more, on average than SPY, and VOO being about 50% of the others). Additionally in short observation today, IVV seems to be tracking more closely to the S&P 500.
Am I miss... |
I'm trying to understand the difference between S&P 500 trackers. Example:
- SPY
- IVV
- VOO
They all have different prices (IVV being $1 more, on average than SPY, and VOO being about 50% of the others). Additionally in short observation today, IVV seems to be tracking more closely to the S&P 500.
A... |
If I have access to a big hall/room in a building I own and I wanted to convert it into a personal gym. Then one day I say to a friend, you can use my gym if you give me $100 a year, and I will give you $10 back for each person you get to join my gym who will pay $100 a year.
Do I need to start a company to do this?... |
Do I need to start a company? |
In spite of the tendency for people to think of gold and diamonds as an emergency store of value for a *shit-hits-the-fan* scenario, I have a hard time understanding how owning physical gold would actually be of great practical use to me in such a scenario.
For the sake of argument and to avoid speculating on what ... |
What assets would be valuable in a post-apocalyptic scenario? |
My wife and I just called the customer service department of a credit card company, only to find them "unable" (at the account manager level) to lower the 25% APR on the card. The guy went on to say that everything's been switched to automated with no ways for them to do anything about it and that the system "periodica... |
Is it a good idea to get an unsecured loan to pay off a credit card that won't lower a high rate? |
Why not just get another credit card and transfer the balance? Many of them will give you special perks like x months of no interest for doing so.
Also, once you call to actually cancel the card you will see for sure whether they really have any power to negotiate rates. From their perspective 15% APR is more than 0... |
What effect would sovereign default of a European country have on personal debt, especially mortgage? |
What happens mortgage in sov. Default? |
What effect would sovereign default of a European country have on personal debt, especially a mortgage? |
What effect would sovereign default of a European country have on personal debt or a mortgage? |
Gold and silver are for after the crisis, not during. Gold and silver are far more likely to be able to be exchanged for things you need, since they are rare, easily divided, etc.
Getting land away from where the crap is happening is also good, but it's more than that. Say you have land somewhere. How will the lo... |
I recently changed employment and have securities in my former employer's 401(k) plan.
The cash component of the 401(k) I am rolling over into an SEP-IRA.
What I need advice on is whether I should also rollover the securities in the 401(k) plan.
The issue is that taking money (eventually) out of the 401(k) pla... |
Regarding SPY: "One SPDR unit is valued at approximately 1/10 of the value of the S&P 500. Dividends are distributed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust." ([source][1]) These are depository receipts, not the actual stocks.
Regarding IVV: "The co... |
My friend want to claim Child Care expense for Federal Tax, but as she lived in Quebec, a large part of her children's day care fees are already returned by Quebec government. So could she still claim Child Care expense in Federal Tax return? |
Regarding SPY: "One SPDR unit is valued at approximately 1/10 of the value of the S&P 500. Dividends are distributed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust." ([source][1]) These are depository receipts, not the actual stocks.
Regarding IVV: "The co... |
Regarding the overhead or expense fees associated with holding shares in a mutual fund, how do the fees affect what I'm holding?
* Is it taken out of the share price?
* Is it taken out of the (fractional) number of total shares?
* Is the expense continuously reflected in either price or number of shares? or doe... |
How Do Fund Fees Turn Up Exactly? |
No. This is too much for most individuals, even some small to medium businesses.
When you sell that investment, and take the cheque into the foreign bank and wire it back to the USA in US dollars, you will definitely obtain the final value of the investment, converted to US$. Thats what you wanted, right? You'll ... |
Lets say there is a fund who's value is USD 1000, its invested into Compnay A, 20 stocks worth USD 30 ea, so the value is USD 600. The balance 400 is invested into Company B, 40 stocks each worth USD 10.
The fund has floated 100 units at USD 10 ea.
The fund has various costs including but not limited to;
- F... |
Gasoline, not paper gasoline futures but the real thing in barrels or tankers.
Guns, ammo, sure... but if everyone on the ground is shooting each other I'd prefer an ultralight helicopter.
Didn't ANYONE here watch Mad Max?
|
Apocalyptic like MAD MAX, huh?
Well, no one so far has mentioned ***Gasoline***, not paper gasoline futures but the real thing in barrels or tankers.
Guns, ammo, sure... but if everyone on the ground is shooting each other I'd prefer an ultralight helicopter. You all have watched MAD MAX, right?
On a more ser... |
I transfered my accounts (Brokerage + Traditional IRA + Roth IRA) from E*Trade to Edward Jones in full. I didn't realize a couple things in the process:
- That fees would be assessed ($180).
- That the E*Trade accounts would be closed instead of just 0'd out.
- That Edward Jones would do the transfer without my expr... |
Can I roll back an accidental account transfer? |
For many reasons I am moving from full time employee to a contractor with an associated company in a different city. Everyone I have spoken to says contracting is great except for the taxes and lack of benefits. I have never contracted for any company before.
From what I can gather the most important thing to do whe... |
I transferred my accounts (Brokerage + Traditional IRA + Roth IRA) from E*Trade to Edward Jones in full. I didn't realize a couple things in the process:
- That fees would be assessed ($180).
- That the E*Trade accounts would be closed instead of just 0'd out.
- That Edward Jones would do the transfer without my e... |
Can I roll back an accidental brokerage & retirement account transfer? |
You can always submit the paperwork to transfer. All you want. But (a) how/why would you expect Edward Jones to refuse an incoming transfer and (b) why would you think a broker (eTrade) would keep accounts open? A 100% transfer implies you've left them. It's not malice, it's closing an account per the transfer. |
There's a lot to think about when setting your hourly rate - benefits, vacation time, etc.
Take a look at this web calculator:
http://www.erlglobal.com/index.php?pageName=oldRate |
I know of websites that do this, but I don't know of banks that do. Is there any reason you want to do this at a bank rather than use a service?
My main concern with using a bank for this would be the risk of overdraft fees |
>1) I am married and have 2 dependents, will I still be "nailed" on taxes or will there still be tax breaks?
In my experience, you can't avoid much of the taxes, and it's not worth putting in a ton of effort to avoid them -- you're better off (efficiency / time-wise) increasing your billable hours to make up the ext... |
I probably need to know what kind of trust it is, but right now I don't.
My grandparent's set up a trust account that has a few stocks in it. Now those shares are being transferred to me from the trust.
Since those shares have value at some point Uncle Sam is going to want his share of the taxes. My guess is ... |
When transferring shares to an adult from a trust, what is the cost basis of those shares? |
When working as a contractor, is it better to issue 1099s or rather incorporate as a C, S or LLC corporation? (with one employee/owner/board member)
(assuming that the pay is the same and to the customer it's no difference) |
Which is better, 1099 or Incorporating? |
My grandparent's set up an irrevocable trust account that has a few stocks in it. Now those shares are being transferred to me from the trust.
Since those shares have value at some point Uncle Sam is going to want his share of the taxes. My guess is either the shares now have a cost basis of $0 for me, OR I owe ... |
When transferring shares to an adult from a irrevocable trust, what is the cost basis of those shares? |
When working as a contractor, is it better to work as a 1099 contractor or rather incorporate as a C, S or LLC corporation? (with one employee/owner/board member)
(assuming that the pay is the same and to the customer it's no difference) |
I'm trying to figure out the "real" interest rate paid when incurring a balance transfer fee on a loan, not accounting for inflation.
If the APR is 4%, the loan 5000, the transfer 2% and you pay it off in 200 days (5.48% of the year when rounded to 2 decimals), I see it this way:
(APR: 4% Loan: 5,000 Transfer f... |
I'm trying to figure out the fee-adjusted interest rate paid when incurring a balance transfer fee on a loan, not accounting for inflation.
If the APR is 4%, the loan 5000, the transfer 2% and you pay it off in 200 days (54.8% of the year when rounded to 2 decimals), I see it this way:
(APR: 4% Loan: 5,000 Tran... |
How to Arrive at the Fee-Adjusted APR (Accounting for Balance Transfer Fee But Not Inflation)? |
I just e-filed my 2010 taxes and have received a direct deposit of my refund already. I just realized I'd like to make a contribution to my Roth IRA (and my wife's) for 2010. How can I do this? Do I need to file an amended return? |
How can I make a Roth IRA contribution AFTER filing taxes for 2010? |
Which is better when working as a contractor, 1099 or incorporating? |
How to arrive at the fee-adjusted APR (accounting for balance transfer fee, but not inflation)? |
My grandparents set up an irrevocable trust account that has a few stocks in it. Now those shares are being transferred to me from the trust.
Since those shares have value at some point, Uncle Sam is going to want his share of the taxes. My guess is either the shares now have a cost basis of $0 for me, OR I owe ... |
As below, Interactive Brokers lets me trade "IOPTS". What are these?
They also let me trade "Structured Products". I know what these are,
and even know what an ISIN is (http://en.wikipedia.org/wiki/ISIN), but
where do I find a list of structured products?
![enter image description here][1]
[1]: https://i... |
As below, cmegroup.com seems to indicate that CADUSD weekly options
(expiring 25 Mar 2011) have absolutely no volume or pricing.
Does this mean they're impossible to trade? Or, if I had a broker,
could I see bid and ask prices (even if no one actually got around to
trading any contracts)?
 have absolutely no volume o... |
Are weekly CAD/USD options untradeable? |
I've been reading about the basics of personal finance and most resources suggest investments based on benefits that *don't seem to exist when interest rates are as low as they are*.
**For instance**: I've read many times over that I should keep my savings in a Money Market Account (MMA) rather than a Savings Accoun... |
Two suggestions:
I don't know if you have them in South Africa, but here we have some reality shows where a credit consultant visits a family that is deeply in debt and advises them on how to get out of it. The advice isn't very sophisticated, but it does show the personal impact on a family and what is likely to ha... |
Can I claim child care expenses as a deduction on my federal return in Quebec? |
Do credit card statement/closing dates follow a pattern? I'm writing a
program to compute credit card interest, and it's be useful to
calculate closing dates vs entering them manually from my existing
statements.
EDIT: OK, here are the actual closing dates from the cards where I couldn't divine a pattern.
... |
Do credit card statement/closing dates follow a pattern? I'm writing a
program to compute credit card interest, and it's be useful to
calculate closing dates vs entering them manually from my existing
statements.
EDIT: OK, here are the actual closing dates from the cards where I couldn't divine a pattern.
... |
In mutual fund jargon, what is meant by a remitting entity? |
What is a Remitting Entity? |
I live and have a company in South America. Most of my raw materials are from USA. When I purchase these raw materials I'm paying their cost plus tax. Is that correct?
When I asked my providers why I have to pay taxes they stated that with a Tax exemption certificate I wont have to pay taxes.
How do I get a Tax ex... |
Do I have to pay taxes when I purchase something in USA if I am in another country? |
How do I get a Tax Exemption Certificate for export from the US if I am in another country? |
I have downloaded the GnuCash accounting software for use with our real-estate rental LLC, in hopes of following more universal accounting practices and determining our individual cash basis, but my accounting experience is rather low (I'm at least familiar with the concept of double entry). We need to be able to calc... |
You have the TYPE set for "Weekly Volatility Options (European)". Are you sure that is what you want?. If you set it to "Weekly Options" it looks a bit better, meaning that the volume is still 0, but there are prior settlements listed, which suggests that you could probably put in a market order and still be filled, ... |
This is a hard question to answer. Government debt and mortgages are loosely related. Banks typically use yields on government bonds to determine mortgage interest rates. The banks must be able to get higher rates from the mortgage otherwise they would buy government bonds.
Your question mentions default so I'm a... |
This is a hard question to answer. Government debt and mortgages are loosely related. Banks typically use yields on government bonds to determine mortgage interest rates. The banks must be able to get higher rates from the mortgage otherwise they would buy government bonds.
Your question mentions default so I'm a... |
From: http://www.nytimes.com/2011/03/18/business/global/18volatility.html
“The 16 puts on Cisco are offered at 71 cents. We should buy 1,000,” he says to a trader sitting across the desk, referring to the options bought when investors think a stock will fall. After a brief pause, the trader responds: “Done. 1095.”
... |
I read an article in the NY Times but don't understand what it means, can someone help? |
Should I use Mint.com? |
So could someone working at your bank directly. Of at your HR department at work. Most of the wait staff at the restaurant I ate at technically had access to my credit card and could steal money. While you are at work, someone could break into your house and steal your stuff too.
The point is, Mint and everything... |
I read an article in the NY Times, but I don't understand what this statement means:
> “The 16 puts on Cisco are offered at 71 cents. We should buy 1,000,” he says to a trader sitting across the desk, referring to the options bought when investors think a stock will fall. After a brief pause, the trader responds: “D... |
What does this statement regarding put options mean? |
> **Possible Duplicate:**
> [Online money management applications: Do you trust Mint.com or Quicken Online, or other personal finance tools online?](http://money.stackexchange.com/questions/99/online-money-management-applications-do-you-trust-mint-com-or-quicken-online-or)
<!-- End of automatically inserted text -... |
> **Possible Duplicate:**
> [Online money management applications: Do you trust Mint.com or Quicken Online, or other personal finance tools online?](http://money.stackexchange.com/questions/99/online-money-management-applications-do-you-trust-mint-com-or-quicken-online-or)
<!-- End of automatically inserted tex... |
Should I use Mint.com? Is it secure / trusted? |
One of the benefits of my Bank of America premium checking account is free checks. However, they recommend "secure and trackable" shipping for the low-low price of only $8.40. Is that just a sneaky way of making my free checking really not free? Should I be afraid of doing the no frills snail shipping method that is ac... |
"Free checks:" do I really need to pay to get "secure and trackable" shipping? |
I have recently bought an apartment and have an outstanding loan for $200K. I looked around but the bank I presently bank with somewhat surprisingly offered me the best rate at 6.99% (discounted off their standard rate). After a few weeks of home ownership, I have been offered a 6.89% rate by the bank I had my home dep... |
It depends.
- Do they send you another set if you have them shipped insecurably and untrackably?
- Will they fix up your account at no charge in case the missing checks fall into the wrong hands?
- How long does all of this take?
All in all, though, $8.40 isn't a whole lot to pay for "several hundred" checks... |
What lessons can you share when practicing dollar-cost averaging with a discount brokerage?
The goal is an inexpensive way to invest with every paycheck. With amounts that small, commissions have a large impact. So commissions are out, no-load funds are out and of course low expense ratios are desired.
It's easy ... |
I'm only familiar with TD Ameritrade as a broker, but the others may have similar programs.
At any brokerage, I would be looking at buying low-cost index funds through an automatic / recurring investment program. I don't think TD has Vanguard on their NTF list, but you don't have to pay the fee with every paycheck -... |
Currently, in India, banks are offering very high rates on Fixed Deposits. What I am curious about is that the rate is often higher for a 1 yr lock in period than 1 2 yr lock in period.
I would think, the longer you park your money with the bank, the more the bank would reward you with a higher rate.
So what am... |
Currently, in India, banks are offering very high rates on Fixed Deposits (FD). What I am curious about is that the rate is often higher for a 1 yr lock in period than a 2 yr lock in period. I would think, the longer you park your money with the bank, the more the bank would reward you with a higher rate.
So what... |
Interest rates on fixed deposits in India: Why would rates for 1 year deposits be higher than for 2 years? |
If I have access to a big hall/room in a building I own and I wanted to convert it into a personal gym. Then one day I say to a friend, you can use my gym if you give me $100 a year, and I will give you $10 back for each person you get to join my gym who will pay $100 a year.
Do I need to start a company to do this?... |
The goal of diversifying your investment portfolio is to hold multiple classes of investments such that when one goes down, another goes up in an uncorrelated way and vice-versa.
If you hold something long and short at the same time, won't your profits and losses exactly negate each other? I believe they will tr... |
How do you know you are playing their cost plus tax?
Retailers in the US currently only collect state sales tax on purchasers who are based in the same state they are in. For example, our business is in NY so we charge NY state sales tax. We do not charge sales tax for anyone living in any other state (or countr... |
Assuming you are being charged sales tax, it all depends on where you take possession of the shipment.
Are your suppliers shipping to a US address, say your freight forwarder, from where you handle the ongoing shipment, or directly to you in South Africa? If the latter, per Michael Pryor's answer, you should not be ... |
Assuming you are being charged sales tax, it all depends on where you take possession of the shipment.
Are your suppliers shipping to a US address, say your freight forwarder, from where you handle the ongoing shipment, or directly to you in South Africa? If the latter, per Michael Pryor's answer, you should not be ... |
Assuming you are being charged sales tax, it all depends on where you take possession of the shipment.
Are your suppliers shipping to a US address, say your freight forwarder, from where you handle the ongoing shipment, or directly to you in South America? If the latter, per Michael Pryor's answer, you should not be... |
I am not married and have no children, which means the handling of my personal property and finances in the tragic event of my death is less cut and dry than if either of those existed.
I am putting together a living will to handle end of life care, and items like that, but, I find that what I would prefer to do wit... |
Any reason not to use a trusted friend known to my family as a will/estate executor? |
I am writing Sch D software and researching the proper way to report certain capital gains distributions from leveraged EFTs, for example TYH. These distributions are reported as "short term", see [here][1]. I confirmed by phone call with the find manager that these are definitely short term gains. However, at the end ... |
I am not married and have no children, which means the handling of my personal property and finances in the tragic event of my death is less cut and dry than if either of those existed.
I am putting together a living will to handle end of life care, and items like that, but, I find that what I would prefer to do wit... |
I saw that my card had went over the credit limit. I paid it half of the balance off. I also requested for additional credit. Will there be any penalty fees?
|
went over my credit limit by 85 dollars....paid half of the balance today, any consequences? |
The 4pm London spot rate is supposedly the standard, but I'm having trouble finding out if that's what I'm getting from Reuters.
First, I understand that currencies don't have just one exchange rate, since they're not centrally cleared. So depending on where you're trading, there could be a different spot price. S... |
Does Reuters provide the 4pm London Spot rate? |
I saw that my card had went over the credit limit. I paid half of the balance off today. I also requested for additional credit. Will there be any penalty fees?
|
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