Funds
Funds questions and answers
Learn about put call parity at the number one young investor website Teen Analyst.
Q: How does a fund of funds get their annual fees?
So I understand how a Hedge Fund gets it's fees, it just liquidates a small part of their portfolio and pay themselves, but Funds of Hedge Funds have to invest in other funds with definite lock up periods, how do they get their annual fee? Or their performance fees for that matter?
Thanks!
A: All funds hold a certain amount of cash to pay salaries, redeem shares, and invest when the balance grows large enough. They can take their fee out of the cash fund maintained for such purposes.
Q: If I receive funds from someone to help get my LLC started, How or Would I even need to report the funds?
If it was a sole membership LLC, and someone wanted to give me money to get it going, would I need to have this person sign something to show where the funds came from? Would these funds be taxable?
It would be a gift.
A: "Gifts" are taxable to the giver (not the person who gets the gift) if over $11,000. They could give you $11K and then you could put in that money as initial capital for the business. If $11K or under, no tax is due from giver and the LLC is not taxed for a capital contribution from a member. Hey, see a CPA or Enrolled Agent on this, it is worth the consult fee..
Q: How do we get funds from abroad to fund our home less charity org. Herbert from Tanzania?
I just want to make my question clear. A homeless charity organisation deals with building houses for unpreviledged and low income class. We are in Tanzania which is in the eastern part of Africa. We know for sure that we can not meet our targets even at 15% by depending on funds risen from the internal sources. That is why we need some help on how to get the required funds fron other external sources. THANKS
A: Since you have Internet access, then you should also have a web site, that features:
-- statistics on what your organization has done and whom it has benefited
-- the methods you use to determine your organization's performance
-- endorsements by government officials, religious leaders, community leaders, other NGOs, local offices of national organizations, etc., attesting to the quality of your organization's work
-- your latest annual report that shows your expenditures and income for the last fiscal year
-- number of paid staff
-- number of unpaid staff (volunteers)
-- qualifications of the staff
This is all *basic* good governance information. "External sources" need all of this information in order to consider you for possible funding. This information demonstrates accountability, credibility and transparency. Organizations want to fund opportunities and good work, not desperation for funds.
More info:
Basic Fund-Raising for Small NGOs/Civil Society
in the Developing World
http://www.coyotecommunications.com/outreach/grants.html
Q: What does Funds liquidated mean when you are taking out a 401k loan?
My husband took out a loan on his 401k loan and we are waiting for it to get here. In need of it BADLY! We have been checking the status of it everyday and Friday we checked and it was out of processing and in said funds liquidated. Is the next step mailing it to us? What does funds liquidated mean in this situation?
A: means that they liquidated the assets that you currently owned and they are now waiting for the cash to be delivered to the Trustee's clearing account. Generally takes 3 days for this to occur. At that point then Trustee can issue a check.
Q: Is a move of dollars between two funds subject to capital gains taxation?
I received a form 1099-B from my fund manager that described the movement as an "EXCHANGE", however, there was a subsequent movement of the same funds to a different fund that did not appear on the 1099-B. Since these were truly exchanges rather than distributions, are they taxable? All of these funds are within the same account, and the account is not an IRA.
A: If you received a 1099-B, then there was a sale of stock/funds. This sale price, together with your cost basis of the stock/fund, are used on the 1040 forms, sch.D. The fact that it was an "exchange" does not change the taxable fact that a sale was made and there was a net gain/loss that is reportable to the IRS.
Q: What happens to funds that are withdrawn from my bank account until they are actually deposited in the payees?
It seems to take 3-4 days for funds to be transfered. Where are the funds in the interim?
A: I believe you are referring to on-line bill payments. Many of these payments are NOT electronic payments. Often an actual paper check is mailed. The funds are transferred to a special account on which that check is drawn. That account may or may not be housed at your bank.
Q: What are the best emerging market funds to invest in at the present time?
I'm a guy exhausted by working with gang members in London and wanting to take a sabbatical - so decided to invest 7k in emerging market funds to see if I can fund a year off to rest! Which emerging market funds are performing well and could turn 7k into enough to live on for a year or so? Uhem, I'm serious!
A: Check out the following:-
Templeton Emerging Markets Investment Trust
UBS Global Emerging Markets Unit Trust
First State Global Emerging Markets Unit Trust
Q: How can one bank continue to hold funds when evidence shows a check has cleared the bank it's written on?
Isn't this double dipping? The bank doing the hold gets interest on deposited funds. They collect interest on my funds while I cannot use my funds because of their continuing hold of 5 business days. Report them to the Federal Reserve Bank and let's stop them.
A: Most banks have a time period that they hold funds on deposited checks. There wouldn't be any practical way for them to follow each check that's deposited and release the funds when it clears.
The time period they are allowed to hold checks is limited, and they have to let you know what it is. They often post signs with the hold times.
Report them to the Federal Reserve? For what? They're following the law.
Q: How do i transfer funds from a visa prepaid card to a visa debit card or a visa credit card?
I have a visa prepaid card issued by a bank in india. I have a debit card issued by the same bank for an account i have with them. I have a credit card, but it is issued by master card.
Can i use visa money transfer to move funds from my prepaid card to my debit card? What if i have a visa credit card, can i transfer funds to that?
A: yes since it will require account number you might want to do this in person at the bank!!!
Q: How can I raise funds to attend an international conference where I am invited to present a workshop?
I have done considerable teaching of economics in Canada and China. But as a sessional lecturer, I have limited access to university funds. The 13th International Anti-Corruption Conference (November) has asked me to prepare a workshop, on the strength of a paper I wrote on the economics of corruption. Please see my funding appeal at corruptionresearch.net.
A: If you are invited to present a workshop, why are you not getting paid. If not a salary at least transportation and accommodations.
Q: What are some good mutual funds to invest in now?
I have about $20,000 to invest in a fund.
I'm planning to put in $1000-2000 every week so I can "dollar cost average"
Looks like a good time to buy with stocks being very low!!
Which funds would you recommend for long term growth, say for 15 years?
I want big companies like Vanguard with low "overhead".
Thanks.
I think it's a good time to buy if you have the cash. Anyone agree?
A: I think maybe $1000 a month might be a better plan than $1000 a week. You are more likely not to loose your money so fast. The market currently is in a death spiral. Of the Vanguard Funds, the one that has the best 10 year annual return is currently Energy with a whopping 14.5% followed closely by Precious Metals and Mining with a whopping 13%. The one that has done the poorest is U S Growth with a negative 8.8% 10 year annual return. Now a contrarian would be putting his money into that one fore sure. A more circumspect investor might pick the Wellington fund since it is a balanced fund and not so subject to violent down drafts.
Q: What is the most effective way to raise funds for a worthy cause?
I set up a webpage through the memory walk fund raiser to promote awareness and well, raise funds for Alzheimer's research. I plan on researching this disease once I graduate, but also want to help raise funds.
How do I get the word out?
A: myra
kindly tell me also because i am also looking for that
my ID: sena_monica@yahoo.com Plz.............
Q: How can I transfer Paypal funds automatically into my linked bank account from items sold on ebay?
What I mean by is, the same way in which if you pay for an item on ebay, the bank account that you've linked is auotmatically debited (if you don't have funds in your paypal account). Is there a way to automatically transfer funds, recieved from ebay payments (via paypal) straight into my linked bank account?
Or will I need to manually go in and transfer the money each time (which at the moment takes 7 days!!!).
Thanks
A: You need to do it manually each time, there is no way to set it to automatically transfer funds.
Q: How long can my employer hold funds designated for my 401K each pay period?
I work in a small office with approximately 10 employees. My employer seems to deposit funds into my 401k at random intervals instead of each pay period when the funds are withheld from my check. Last time it was over 9 weeks after and this time it's going on 6 weeks. I just checked online and the deposit still hasn't been made to my account. Where can I find out the guidelines for this?
A: Amanda almost has it right. The rule is that you have until 15 days following the end of the month in which the money was withheld OR as soon as administratively possible. For a small firm with only one office they tend to lean towards 5 days. After all..it's not that hard to determine how much to deposit is it? 10 people shouldn't take more than a day to do.
HOWEVER...(there's always a however isn't there?). The money doesn't have to be deposited into YOUR account in that time period. It only has to be segregated from the assets of the employer. This means your boss simply has to move it from the company's checking account into one with the tax id of the trust.
So, before you go complaining about this I would a) check to see if there is one of these accounts and if he's using it and b) decide if you really want this job. If you begin complaining about this it tends to irritate them. Especially if you complain to the Department of Labor (the entity that has jurisdiction). Worse thing you could do would be to go to the DOL and then find out that he was using a checking account and it was legit...
Q: How can I show proof of funds if my dad is lending me money?
I am going to buy an investment property. My dad is acting as a hard money lender for me, but I need to show proof of funds. I know he can get a statement from his bank showing he has the funds, but how can I show that I am using his money?
A: A signed statement from him, and a copy of his bank statement should do the trick.