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Personal Finance & Money : Recent Questions and Answers (Page 393)

Find answers to your questions about Personal Finance & Money or help others by answering their Personal Finance & Money questions.

Computing profits from fractional stock trading

If I buy $1 fraction of a share that's worth $25 per share, I own 4% of one share. Now, suppose that a share from said company is now worth...

Asked on 01/13/2021 by rodrigo-silveira

1 answer

Property capital appreciation

Im new to financial formulas so bear with the novice in me.When you hear, guy X bought a property for $400,000 and 20 years later it was sold at...

Asked on 01/13/2021

1 answer

Wire transfer problem

I have wire transferred my funds through a Turkish bank using SWIFT code and intermediary bank JP Morgan Chase bank in the US to my account in Singapore. It is...

Asked on 01/13/2021 by Mr Choo Pheng Soon

0 answer

American Options Trading- Brokerage Entered Do Not Exercise Instead of Selling My Contracts Before Expiration

I made a stupid mistake trading options. It happened about a month ago, so I don't recall my thought process at the time. Anyway, I purchased multiple PUT contracts: NKLA...

Asked on 01/13/2021 by DroppinTables

1 answer

Is there any advantage to incorporating some sort of business for the purpose of holding and trading equity holdings?

What options are there for incorporating a holding vehicle for equity positions rather than owning them in my own personal name?...

Asked on 01/12/2021

1 answer

Why are daily rebalanced inverse/leveraged ETFs bad for long term investing?

I was reading this article about S&P 500 short ETFs: https://www.zacks.com/stock/news/176217/4-ways-to-short-the-sampp-500-with-etfs and I was confused when it said: "investors should note that such products are suitable only for...

Asked on 01/12/2021 by glen4096

5 answer

A stranger told me he would give me a weekly allowance. Is that a scam?

A stranger told me he would give me a weekly allowance if I gave him my bank name, account number and routing number. Is that a scam?...

Asked on 01/12/2021 by user102016

1 answer

Who maintains receipt for employee expense reimbursements?

I was sent to the store by an employer. While at the register I was informed by the merchant that my employer's particular type of payment was not accepted. I...

Asked on 01/12/2021

1 answer

Dependent Care FSA Payment - Bill Before End of Plan, Due Date After Plan Year Ends

My Dependent Care FSA plan year ends on 3/31/21. The plan says the last day to incur expenses is 3/31/21 and the last day to submit requests is 6/30/21. If...

Asked on 01/12/2021 by thecoolmacdude

1 answer

Why do banks pay a compound interest on deposits instead of simple interest?

Why do banks pay a compound interest on deposits? Obviously they'd be better off paying a simple interest instead, which would still be attractive to their customers. However I figured...

Asked on 01/12/2021 by kYuZz

4 answer

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