TU-Online

tc61380 asked:


For example, if I used a cash advance to
1. buy stocks,
2. invest in bonds/fixed income assets
3. “refi” my personal mortgage
4. buy investment property

or any other situations where credit card interest is tax deductible?
Thanks for all you responses. Just to clarify -

Say I borrow $100 from my credit card at 10%.
I owe $110 at the end of the year.

I put this same $100 into a stock (or some other investment). It goes to $120 and I sell, gaining $20.

1. Do I have to pay taxes on $20, or $10 ($20 gain minus $10 interest)?

2. If I didn’t sell, can I deduct the $10 interest against my other income?

larry m asked:


With the stock market and real estate markets being so much in the skids where are people putting their money? What about buying and reselling?

happydawg asked:


A lady I work with has a daughter who works for Morgan-Stanley. I want to purchase a Roth IRA and she offered her daughters phone number to help me make this investment. Is this a good idea and how do I get started?

JBWPLGCSE asked:


Retirement planning, college, insurance, ect. What would you suggest for classes to take, is this a two year or four year to be in college? Do they teach real estate in college?

PokeYoMoms asked:


I’m interesting in investing in the stock market, what would you all recommend, I will research your suggestions of course, but how does one start meaning, how do you go about getting into this? how much would you recommend investing and what’s best, by yourself or with a broker, if so, are there any reliable brokers out there. I’ve heard or E-Trader or something like that. what has been your experience so far?

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