Category: Questions and answers

What is the best way to beat inflation? So we asked experts how consumers should think about investing and saving…ContinueHow to reach an apt going against inflation

What is transactional tax? Transaction taxes refer to taxes imposed by the government on all financial transactions. It includes sales,…ContinueTaxes on transactions of services

How do I transfer money between investment accounts? The most basic way to move your investments from one broker to…ContinueHow do I properly pull my funds from one account and invest in another when I do not have a broker?

No, loan from friends or relatives is tax-free. No borrower is taxable for any sort of loan. However, such loans…ContinueIs a loan from a friend taxable in India?

A basis point (often abbreviated as bp, often pronounced as “bip” or “beep”) is one hundredth of 1 percentage point.…ContinueWhat does “basis points” mean in this context?

To set up a single Member SMSF, the superannuation legislation requires you to have two individual Trustees or a Corporate…ContinueHow can a single member SMSF be set up?

Is short selling bullish? As noted earlier, short sales and puts are essentially bearish strategies. But just as in mathematics…ContinueShort position with bullish outlook

Can an employee claim tax relief? Employment. If you are an employee and you incur certain business expenses yourself, that…ContinueClaim tax relief on purchase in UK as full time employee

Does shopping for lenders hurt credit? Ultimately, you can shop for a mortgage without hurting your credit. In fact, you…ContinueShopping around for loans without detrimentally affecting credit rating/chance of getting said loan?

In a new home, most of these components come with a builder warranty — sometimes for up to 10 years…ContinueDifferences in buying a new construction vs a resell?

How much can Variable rates change? How much more will variable-rate holders pay? The general rule of thumb is that…ContinueHow do you calculate whether a 4 year mortgage term is cheaper than a 5 year term?

What’s the percentage taken out of my paycheck? Overview of Federal Taxes Gross Paycheck $3,146 Federal Income 15.22% $479 State…ContinueI got a raise from 50,000 to 65,000, and paycheck calculator says that I should take home $867

Is it better to consolidate all debts? Whether consolidating your debt is a good idea depends on both your personal…ContinueShould I consolidate loans and cards, or just cards, leaving multiple loans?

Which strategy is best for investment? Top 7 Types of Investment Strategies #1 – Passive and Active Strategies. The passive…ContinueWhat investment strategy would you deduce from the latest article from Charles Munger?

Why do 401k and IRA have different limits? There are annual limits to contributions investors may make into their 401(k)…ContinueWhy is there such disparity of max contribution limits between 401K accounts and regular IRA accounts?

Ways To Carry Money While Travelling Abroad Multicurrency Travel Card. Cash. You should carry foreign currency within permissible limits while…ContinueWhen going abroad, how do you take your money?

Is a high or low expense ratio better? A good rule of thumb is anything under . 2% is considered…ContinueDoes a low expense ratio off-set a transaction fee? Or is it better to go with a high-ratio mutual fund without a transaction fee?

How are ESPP taxed in us? When you buy stock under an employee stock purchase plan (ESPP), the income isn’t…ContinueESPP stocks taxable in US after moving to US from Singapore

Being added as an authorized user on another person’s card may help you establish a credit history or build your…ContinueDo “authorized user” credit cards contribute to establishing credit in the eyes of a credit card issuer?

Immediate tax break. For every dollar you contribute to your personal or spousal RRSP, your taxable income for the year…ContinueIf I contribute to my spouse’s RRSP, is every dollar of my contribution tax deductible?