Traders try to find as many opportunities as possible for profitable trades using technical analysis and indicators. Learn what Forex scalping is and if you should use it as a trading strategy. What Is Forex Scalping? Foreign exchange trading is a method of trading based on the exchange rates of currency pairs. For example, one pair is the U.S. dollar and euro. The exchange rate varies throughout the day, depending on a multitude of circumstances....
The person who creates and funds a revocable living trust can be referred to as the “settlor,” “grantor,” “trustmaker,” or “trustor.” Settlors may also choose to designate themselves as trustees or beneficiaries of their revocable trust, depending on the reasons for the trust. Funding a revocable living trust ensures that the settlor’s property is governed by the terms of the trust agreement. The selected successor trustee will be able to manage accounts held in the name of the trust if the settlor becomes incapacitated....
The IRS says that “ordinary” means it’s a common expense in your trade or profession. “Necessary” effectively means that you could not do your job without spending this money, or at least you couldn’t do it conveniently. The expense must be “helpful and appropriate.” Who Uses Form 2106? The professions that qualify for this above-the-line deduction for job-related expenses include: Performing artistsArmed forces reservistsFee-based state or local government officialsEmployees with impairment-related work expenses...
The ACA made important changes to the way many people are able to access health care. For example, before the ACA, insurance companies could exclude people with pre-existing conditions. As a result, the people with the greatest health expenses sometimes had to go without insurance or settle for a policy that did not cover their condition. Because they couldn’t afford regular doctor visits, they often ended up in hospital emergency rooms, unable to contribute to the expense of their treatments....
The instances this type of insurance covers depends on the type of policy you have. For example, a homeowners insurance policy offers property insurance for your dwelling and personal belongings, and liability insurance if a guest trips on your stoop and is injured. P&C insurance is often sold together, although you don’t always have to buy all the protections they offer. For example, if you have an old car that’s not worth much, you may decide to reduce your premiums by opting out of comprehensive and collision insurance....
A company’s debt is its long-term debt such as loans with a maturity of greater than one year. Equity is shareholder’s equity or what the investors in your business own. If your business is a small business that is a sole proprietorship and you are the only owner, your investment in the business would be the shareholder’s equity. The Debt to Equity Ratio Debt and equity compose a company’s capital structure or how it finances its operations....
Earning assets: These are assets that directly generate income. They might include stocks that pay dividends; bonds that pay interest; real estate properties that generate rental income; copyrights and patents that bring in licensing fees; and machinery that enables you to produce goods for sale at a profit. Non-earning assets: These do not generate income for the owner. A car is an example of a non-earning asset because it only drains money from your life....
Definition and Examples of the Federal Discount Rate Banks borrow from each other to meet financial needs that come up throughout a business day. Since they are always moving money between accounts, creating loans, and conducting other transactions, they must keep a specific amount of reserve money on hand to meet customer withdrawals. Therefore, it is possible that a bank might come up short during the day and need some extra funding....
Creditors have different reasons for closing your credit card account. For example, your card issuer may close your account if you become too delinquent on your payments, allow the account to be inactive for a long period, or if the creditor is no longer issuing that card. Except in the case of delinquency, your credit report won’t show the reason that the credit card issuer closed the account, only that it was closed by the creditor....
For example, Baidu and BiliBili, both China-based companies, are listed on the Nasdaq exchange and are included in the Nasdaq Composite. The Nasdaq Composite includes common shares of stock, American Depository Receipts (ADRs), limited liability companies, limited partnership interests, or units of beneficial interest. Security types that are generally ineligible for the index include Nasdaq-listed closed-end funds, convertible debentures, exchange-traded funds (ETFs), preferred stocks, rights, warrants, units and other derivative securities....
Definition and Examples of Voluntary Bankruptcy Voluntary bankruptcy occurs when someone petitions the court to declare bankruptcy. This is different from involuntary bankruptcy, wherein a creditor or a group of creditors petition a court to declare bankruptcy on a debtor due to their inability to pay. A person or a company can declare voluntary bankruptcy. Let’s take a look at an example. Say Chris was laid off last year. After losing his job, he fell behind on bills, including credit card payments, utility bills, and loans....
Learn more about how to qualify to claim investment interest expenses on your tax return. What Is Investment Interest? Investment interest is interest paid on a loan that you used to purchase an investment property. Investment properties include property that produces dividends, interest, royalties, or annuities that don’t come from your ordinary business. Investment properties are also properties that produce losses or gains when you sell or trade them. In other words, if you take out a loan to buy stocks, interest on that loan can be deducted as investment interest....
Inflation has made raises more important for workers, as rising prices mean salaries don’t go as far. A survey by the compensation consulting firm Pearl Meyer found that average raises for all employee groups came in at 4.8%, the highest increase in decades. That’s significantly higher than the standard 3% cost-of-living adjustment, but it’s still lower than the rate of inflation. And there are still some employees who haven’t seen a wage increase in more than a year....
While most new businesses (80%) survive their first year, only half of them will still exist five years down the road. What separates successful entrepreneurs is their view that failures are merely opportunities to learn important lessons about businesses. That’s not to say failure is a walk in the park. Business failures often come with financial hardship, damaged relationships, and a strong challenge to your confidence. When your business is failing, it’s time to make some tough decisions....
Sit Down for a ‘30-Minute Family Report Card’ For starters, something that can be beneficial is to sit down and create a “30-minute family report card," which is essentially a brief financial assessment period with your loved ones. During this time, you can analyze your current financial situation and review the past year. Some questions to bring up in the discussion include: Did you meet your financial goals? Did you pay off the debts that you hoped to?...
What Caused the Crisis? The Asian financial crisis, like many other financial crises before and after it, began with a series of asset bubbles. Growth in the region’s export economies led to high levels of foreign direct investment. That, in turn, led to soaring real estate values in places like Hong Kong and Bangkok, bolder corporate spending, and even large public infrastructure projects. Fueling this wildfire growth was heavy borrowing and bank lending....
A retirement planner must understand your financial goals. They need to know when you’ll need your savings. On what will you be spending? Your planner should have a clear picture of the assets you’re accumulating, as well as other resources you can count on. These might include pensions, Social Security, part-time work, or home equity. They’re all pieces of a puzzle that must be put together in a way that will result in reliable monthly paychecks once you retire....
Security Deposit Law Varies by State Each state has specific security deposit laws landlords and tenants must follow, including the reasons you can keep a tenant’s security deposit. However, many states share some common reasons a tenant should not expect their security deposit to be returned. These reasons include breaking leases (such as by moving out early or not paying rent), extensive property damage, and cleaning costs. Breaking or Terminating a Lease Early If a tenant breaks their lease, the landlord can keep all or part of the security deposit necessary to cover the costs associated with this breach....
By the end of 2021, nearly 64 million people were enrolled. Medicare consists of hospital insurance (Part A), medical insurance (Part B), and drug coverage (Part D), plus Medicare Advantage plans and Medigap policies. When Is Medicare Open Enrollment? Medicare open enrollment is from Oct. 15 to Dec. 7 each year. Your new coverage will begin Jan. 1 of the following year if you enroll by the deadline. There are designated “open enrollment” periods for Medicare Advantage and Medigap plans in addition to the regular Medicare open enrollment period....
But which is the right choice? It would be best to consider your circumstances, comfort level with risk, tax situation, and a few other factors. Learn five that can affect whether you exercise your options or let them be. Your Financial Needs If you’re holding your employee stock options in the hopes that the stock price will climb higher, consider your current cash needs, compared to the potential for future gains....
