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Personal Finance & Money : Recent Questions and Answers (Page 8)

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

mortgage protection through term life insurance vs mortgage insurance

I hear that mortgage protection through term life insurance is an alternative to mortgage insurance. I am not making a 20% down payment so I believe I will need to...

Asked on 10/31/2021

1 answer

Replacing money in Roth IRA after withdrawals?

In a Roth IRA account funded entirely by after-tax 401k rollovers (mega backdoor), is it possible to use the 60 day replacement rule like in this answer assuming only...

Asked on 10/31/2021 by Sanjit Ariwa

1 answer

As a US citizen, should I only have $50,000 in non US banks due to FATCA?

The Hiring Incentives to Restore Employment (HIRE) act was enacted March 18, 2010 with the goal of increasing employment in the US. It also included the Foreign Account Tax...

Asked on 10/31/2021

3 answer

Why would someone buy a way out-of-the-money call option that's expiring soon?

I swing trade equity options every once in a while for fun. This morning I witnessed something I do not understand at all. In the attached photo, why would someone...

Asked on 10/31/2021

8 answer

What is "Stock BP" in a brokerage account that's not trading on margin?

I saw that this question was answered on reddit here as well as a similar question was answered on this S.X here. But I wanted to...

Asked on 10/31/2021

2 answer

Why do rich people prefer shares with dividend over bonds?

The first thing that came to my mind is because they can use their voting power, but then Warren Buffett started with shares (and then he didn't have enough voting...

Asked on 10/31/2021

4 answer

Covering estate tax on US assets for non-resident alien

I am a non-resident alien holding a brokerage account in the USA but residing outside the USA. My country does not have an estate tax treaty with the USA. So...

Asked on 10/31/2021

1 answer

Why do stock exchanges have minimum share price requirements?

Most stock exchanges have rules about minimum share prices, below which a stock may be suspended or delisted from the exchange after a grace period. For example, the New York...

Asked on 10/31/2021

7 answer

Why do people claim that it's hard to outperform the S&P 500? It has only increased in value by ~1.5x in the past 5 years

Whereas companies like Google, Facebook, Netflix, Amazon, Apple have all increased anywhere from 3x-6x in value in the past 5 years. If you just stuck with those companies, you would...

Asked on 10/31/2021 by Eric Gumba

10 answer

What are the reasons a private company doesn't want to be on the stock market?

What are reasons a company does not want to be or is not on the stock market?...

Asked on 10/31/2021

4 answer

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