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1500 questions
19
votes
3 answers
Why would you not want to rollover a previous employer's 401(k) when changing jobs?
Are there any valid reasons to not rollover a former 401(k) when changing jobs?
I have several little ones that I never quite got around to rolling together - with an upcoming job change, should they all be combined into my new employer's retirement…
warren
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19
votes
2 answers
Does high credit utilization, coupled with paying off my balance in full each month, increase my chances of an automatic credit limit increase?
The conventional wisdom I've heard is that spending close to your limit and paying the balance off in full each month will often lead to the credit card company increasing your credit limit automatically. I assumed this was because they expect that…
John Bensin
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19
votes
2 answers
"Out of Pocket Maximum" and health insurance plan terminology & calculation?
I'm trying to understand the terminology on my health plan. I've read numerous websites, which have only confused me more, as they fail to use examples (more than one should be required) for people trying to understand this tricky terminology.
I…
Question3CPO
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19
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6 answers
In the US, is charging all interest from the date of purchase if you miss the final payment by 1 day legal?
I bought a Dell computer for around $3000 using Dell Financial. The plan is pretty straightforward: I made a small upfront payment, then about $65 per month, and after 12 months, I pay off the remaining $2100.
But here’s the kicker—if I miss that…
Stefanie Gauss
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19
votes
4 answers
Is it possible for a company to dilute my shares to the point they are insignificant
Say I have invested in a company that has 4 outstanding shares. 3 shares are owned by the founder and 1 by me. Let’s say the valuation of the company is $100.
If the founder wants to increase her ownership share of the company by acting in bad…
str31
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19
votes
3 answers
A loan company wants to loan me money & wants to deposit $400 in my account for verification. Scam or legit?
A "loan" company contacted me saying I was approved for up to $4,000. The man said I needed to allow them to deposit $400 into my account to verify my account.
Then, he wanted me Cash App the company $220 and once that's received, I can get the…
Kimberly Russell
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19
votes
2 answers
Why is the dividend yield on the S&P 500 so low?
Background: The S&P 500 is an index that has consistently grown across many decades. On the other hand, since the 1940s, the dividend yield has been decreasing. It used to be around 6%, while in recent years, it has been around 1.5%.
Question: Why…
Tomek Tarczynski
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19
votes
1 answer
Friend accidentally Venmo'd me rent as a commercial Venmo transaction. What are the tax implications of this?
I pay the full rent to our landlord and my friend sends me his share. When using Venmo, he accidentally ticked the 'goods and services' option which marks it as a commercial transaction. He sent me $725 which is over the $600 IRS limit.
I spoke with…
rsn
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19
votes
7 answers
What's the purpose of PayPal?
When purchasing through PayPal it draws funds from my linked bank account in the amount of purchase price and applies it as payment to the merchant. This is exactly what my debit card does, so what do I need PayPal for?
sideshowbob
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19
votes
7 answers
How can a retail investor check whether a cryptocurrency exchange is safe to use?
In the wake of the ongoing FTX debacle, I wonder the following: How can a retail investor check whether a cryptocurrency exchange is safe to use, at least minimize the risk?
By safe, I mean no losing one's money due to issues with the exchange.
Franck Dernoncourt
- 11,883
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19
votes
4 answers
How to Convert UK Income Levels to USA Income Levels
I'm graduating with a PhD soon in the UK and now I'm trying to figure out how much I am worth in the workforce & see higher wages in the USA. I don't know if the numbers are adjusted for things like cost of living and I think that's something that…
KryptoKing
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19
votes
3 answers
Do I have to pay short-term capital gains tax on crypto currency if I only withdraw the principal and not the profits?
Say that I bought $5000 USD worth of Bitcoin, and a month later its value grows to $6000 USD. Now, if I were to withdraw only my $5000 USD principal worth of bitcoin, while keeping $1000 USD worth of bitcoin for further investments, am I subject to…
John Doe
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19
votes
3 answers
What is crypto deleveraging?
This excerpt says:
Multiple crypto company failures shouldn’t be surprising given huge price declines among tokens, and entities that used higher leverage in the past are the most vulnerable, strategists including Nikolaos Panigirtzoglou wrote in a…
user3156459
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19
votes
2 answers
Can a bank make overdraft protection mandatory?
Recently I spoke with a bank about opening an account. As usual, overdraft protection was mentioned. The banker informed me that the account has overdraft protection and it cannot be disabled. When I asked the banker to clarify, they informed me…
Jessica
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19
votes
2 answers
What's the point of the wash rule?
I don't understand the 30-day wash-rule. Someone please set me straight.
So let's say I purchase 100 shares of Hot Stock X, for $100 apiece. So $10,000.
Let's say that the stock goes down 50% on a really bad day in the market.
Let's say furthermore…
CodeOwl
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