question_id stringlengths 1 5 | question stringlengths 14 158 | pos_item_ids listlengths 1 23 | pos_item_contents listlengths 1 23 |
|---|---|---|---|
3691 | Do I need to write the date on the back of a received check when depositing it? | [
"450600",
"233251",
"155131"
] | [
"\"You do not need to write anything on the second line. There are a variety of helpful things that you can add, e.g.: For Deposit Only. This tells the bank to deposit the check into your account and ignore other signatures. Your account number. Especially useful when added to \"\"For Deposit Only\"\". A cou... |
3692 | What are the pitfalls of loaning money to friends or family? Is there a right way to do it? | [
"566030",
"482921",
"508387"
] | [
"There are two levels to consider here: That said, before loaning/giving anyone money ask yourself if it is good for them. If they have problems managing their money, or holding down a job, and you give them money, they are just going to come back for more later. In this type of situation, you shouldn't give/loan... |
3695 | gift is taxable but is “loan” or “debt” taxable? | [
"304407",
"93386",
"214934"
] | [
"(a) you give away your money - gift tax The person who receives the gift doesn't owe any tax. If you give it out in small amounts, there will be no gift tax. It could have tax and Estate issues for you depending on the size of the gift, the timing, and how much you give away in total. Of course if you give it aw... |
3698 | I got my bank account closed abruptly how do I get money out? | [
"185616",
"11429",
"274834",
"339017",
"68144"
] | [
"This is very possibly a scam. The way the scam works is that the scammers send you a letter and demand you call the telephone number. But the telephone number belongs to the scammers, not the bank. When you call the number, they will 'authenticate' you by asking you a bunch of questions. They will then have enough... |
3699 | Double-entry bookkeeping: When selling an asset, does the money come from, Equity or Income? | [
"475959",
"276009",
"337097"
] | [
"\"There are basically two approaches, based on how detailed you want to be in your own personal accounting: Obviously the more like a business or like \"\"real\"\" accounting you want to be, the more complex you can make it, but in general I find that the purpose of personal accounting is (1) to track what I own, ... |
37 | Requirements for filing business taxes? | [
"523564"
] | [
"\"While she can certainly get an LLC or EIN, it isn't necessarily required or needed. She can file as a sole-proprietor on her (or your joint) taxes by filling out a schedule-C addition to the 1040. Any income or losses will pass through to your existing income situation (from W-2's and such). The general requir... |
3700 | What foreign exchange rate is used for foreign credit card and bank transactions? | [
"105714",
"534588",
"385427"
] | [
"A lot of questions, but all it boils down to is: . Banks usually perform T+1 net settlements, also called Global Netting, as opposed to real-time gross settlements. That means they promise the counterparty the money at some point in the future (within the next few business days, see delivery versus payment) and c... |
3701 | What do I do with a P11D Expenses & Benefits form? | [
"402327"
] | [
"\"The P11D is a record of the total benefits you've received in a tax year that haven't been taxed in another way, a bit like the P60 is a record of the total pay and tax you've paid in a tax year. Note that travel for business purposes shouldn't be taxable, and if that's what's being reported on the P11D you may ... |
3702 | Do market shares exhaust? | [
"429196",
"561205",
"235531",
"72846",
"301985",
"458546",
"88157"
] | [
"\"As @ApplePie pointed out in their answer, at any given time there is a finite amount of stock available in a company. One subtlety you may be missing is that there is always a price associated with an offer to buy shares. That is, you don't put in an order simply to buy 1 share of ABC, you put in an order to buy... |
3703 | How do 'payday money' stores fund their 'buy now, pay later' loans? | [
"551009"
] | [
"Payday loan companies basically are banks (although they are incredibly terrible ones). Banks make money in two ways: (1) They charge fees for services they provide (bank account fees, etc.); and (2) The interest rate differential: They borrow money from individuals and corporations (your savings account is essen... |
3705 | Can an unmarried couple buy a home together with only one person on the mortgage? | [
"8480",
"144731",
"267592",
"513490",
"393617",
"112435",
"315017",
"280177"
] | [
"It is highly unlikely that this would be approved by a mortgage underwriter. When the bank gives a loan with a security interest in a property (a lien), they are protected - if the borrower does not repay the loan, the property can be foreclosed on and sold, and the lender is made whole for the amount of the loa... |
3710 | Why would a person not want to purchase a Personal Liability (Umbrella) insurance policy? | [
"20637",
"495874",
"485778"
] | [
"\"This article has a section titled \"\"Do you need an umbrella policy to cover your personal liability risks?\"\" that says: If you have young children, for example, you might need a policy because they have lots of friends. These little tikes might get into some mischief and hurt themselves at your home. If ... |
3712 | How do I calculate ownership percentage for shared home ownership? | [
"274701",
"434257",
"281568",
"577658",
"560897",
"222423"
] | [
"\"Sister is putting down nothing, and paying sub-market rent. It looks to me like if she is assigned anything, it's a gift. You on the other hand, have put down the full downpayment, and instead of breaking even via fair rent, are feeding the property to the tune of $645/mo. In the old days, the days of Robert A... |
3715 | I earn $75K, have $30K in savings, no debt, rent from my parents who are losing their home. Should I buy a home now or save? | [
"354655",
"290235",
"100683",
"346168",
"76283",
"25315",
"419926",
"539475",
"287979"
] | [
"The biggest red flag is the fact that your parents may lose their house. There are multiple parts of the decision. The red flag comes in because you are stretching your finances to the max to afford the house you are interested in. Buying down the interest rate makes some sense depending on how long you plan on s... |
3718 | What happens if I intentionally throw out a paycheck? | [
"445739",
"224377"
] | [
"\"How/when does my employer find out? Do they get a report from their bank stating that \"\"check 1234 for $1212.12 paid to John Doe was never deposited\"\" or does it manifest itself as an eventual accounting discrepancy that somebody has to work to hunt down? The accounting department or the payroll compan... |
3719 | The Purpose of Change Machines | [
"444548"
] | [
"\"I think you're talking about two types of machines, at least in the United States. The term change machine usually refers to a machine that accepts large denominations of currency and returns an equal amount of currency in smaller bills or coins. Typically these machines are used to provide coins in exchange fo... |
3720 | Do I even need credit cards? | [
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"242182",
"36801",
"402543",
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"196870",
"95966",
"497408",
"578738",
"425994",
"393866",
"79612",
"440012"
] | [
"Credit cards are great. You get free money for 30+ days and a bunch of additional benefits like insurance, extended warranties and reward programs. When vendors don't behave, you dispute the charge with the credit card and they deal with it on your behalf. Just get a fee-free American Express card and pay the bala... |
3722 | Should I accept shares as payment? | [
"106249",
"415433"
] | [
"For one, the startup doesn't exist yet, so until March I will get nothing on hand, though I have enough reserves to bridge that time. I would not take this deal unless the start-up exists in some form. If it's just not yet profitable, then there's a risk/reward to consider. If it doesn't exist at all, then it ca... |
3725 | Where can I find the current price to rent ratio of the locality of my interest? | [
"569409"
] | [
"\"Chris, this is an arbitrage question with a twist: you cannot treat the location you want to live objectively. For example, why not SoCal instead of Texas? Yes, SoCal's expensive but what if you account for the weather? This question is very interesting for me personally: something I am going to focus on myself,... |
3727 | Is it a gift or not? | [
"151851",
"151311",
"404819"
] | [
"There are a few things that this question prompts -",
"Part of 'consideration', I imagine, would be the obligation of either party to follow through on an agreement, not only fair market value. Look at the thought experiment from the opposite perspective. If you did not pay him $150 (maybe just $50 or even $0),... |
3728 | Wife sent to collections for ticket she paid ten years ago | [
"233535",
"530233"
] | [
"\"The first thing you should do is write a letter to the collection company telling them that you dispute all charges and demand, per section 809 of the Fair Debt Collection Practices Act, that they immediately validate and confirm any and all debts they allege you owe. You should further request that that they on... |
3729 | Any reason to be cautious of giving personal info to corporate fraud departments? | [
"125204"
] | [
"I can't address the psychology of trust involved in your question, but here are some common sense guidelines for dealing with your issue. Make sure you know who you are talking to. Call the company you need to speak to via a publicly available phone number. An email or something you got in a letter might be from ... |
3731 | How Do I Fix Excess Contribution Withdrawl | [
"85478",
"83769"
] | [
"\"You didn't have a situation of \"\"excess contribution\"\". If you have proof that someone in Fidelity actually told you what you said, you might try to recover some of your losses through a lawsuit. However, their first (and main) defense would be that they're not in the business of providing tax advice, and it... |
3732 | How can I build up my credit history when I have nearly none | [
"24138",
"224373"
] | [
"You're going to have a huge problem getting approved for anything as long as you have an unpaid bill on your report. Pay it and make sure its reported as paid in full - ASAP. Once that settled, your credit will start to improve slowly. Can't do anything about that, it will take time. You can make the situation imp... |
3733 | Rental Application Fees | [
"99619"
] | [
"Slightly abbreviated version of the guidance from NOLO.com California state law limits credit check or application screening fees landlords can charge prospective tenants and specifies what landlords must do when accepting these types of fees. (Cal. Civ. Code § 1950.6.) Here are key provisions: I am not a lawyer... |
3734 | My bank often blocks my card during purchases - what is the most reliable bank card? (UK) | [
"261161",
"51583",
"189684"
] | [
"\"This question is likely to be closed as a product recommendation request. But if you are willing to change the question a bit, perhaps to \"\"How do I avoid having my debit card declined when I know I have good funds\"\" it becomes a reasonable general question. And my answer follows. I can tell you the same th... |
3736 | What does “balance sheet banks” mean in this context? | [
"92649"
] | [
"\"The balance sheet for a bank is the list of assets and liabilities that the bank directly is responsible for. This would be things like loans the bank issues and accounts with the bank. Banks can make both \"\"balance sheet\"\" loans, meaning a loan that says on the balance sheet - one the bank gains the profit... |
3737 | ~$75k in savings - Pay off house before new home? | [
"562934",
"321361",
"99521"
] | [
"Congratulations on saving up $75,000. That requires discipline and tenacity. There are a lot of factors that would go into making your decision. First and foremost is the security of the income stream you have now. Being leveraged during times of hardship is not a pleasant experience. Unexpected job losses c... |
3738 | For a car, what scams can be plotted with 0% financing vs rebate? | [
"167129",
"16626"
] | [
"The car deal makes money 3 ways. If you pay in one lump payment. If the payment is greater than what they paid for the car, plus their expenses, they make a profit. They loan you the money. You make payments over months or years, if the total amount you pay is greater than what they paid for the car, plus their ex... |
3739 | Dividend vs Growth Stocks for young investors | [
"350607",
"404949",
"39478",
"352484"
] | [
"\"The key is to look at total return, that is dividend yields plus capital growth. Some stocks have yields of 5%-7%, and no growth. In that case, you get the dividends, and not a whole lot more. These are called dividend stocks. Other stocks pay no dividends. But if they can grow at 15%-20% a year or more, you're ... |
3740 | What is a Discount Called in the Context of a Negative Interest Rate? | [
"64130",
"574011"
] | [
"\"Even though the article doesn't actually use the word \"\"discount\"\", I think the corresponding word you are looking for is \"\"premium\"\". The words are used quite frequently even outside of the context of negative rates. In general, bonds are issued with coupons close to the prevailing level of interest rat... |
3741 | Buy car vs lease vs long term rent for 10 years period | [
"85373",
"273480"
] | [
"If you plan to keep this asset for ten years then you can take the deprecation of its cost over that time period. For simplicity lets treat that as 120 monthly payments. So at a purchase price of $60,000 you are committing around $500 per month not including vehicle maintenance. I typically allocate around 20 perc... |
3745 | How do I protect myself from a scam if I want to help a relative? | [
"342865",
"123511",
"36649",
"99314",
"238491"
] | [
"\"For some reason can't transfer it directly to his account overseas (something to do with security codes, authorized payees and expired cards). Don't become someone's financial intermediary. Find out exactly why he can't transfer the money himself, and then if you want to help him, solve that problem for him. Hel... |
3747 | What should I do with $4,000 cash and High Interest Debt? | [
"59327",
"65121",
"321027",
"499752",
"517361",
"69938",
"81206",
"82227",
"273095",
"82741",
"93271",
"479240"
] | [
"Every $1,000 you use to pay off a 26% interest rate card saves you $260 / year. Every $1,000 you use to pay off a 23% interest rate card saves you $230 / year. Every $1,000 you put in a savings account earning ~0.5% interest earns you $5 / year. Having cash on hand is good in case of emergencies, but typically if... |
3750 | How to check the paypal's current exchange rate? | [
"452544",
"3110",
"463105",
"44843",
"17469",
"493576",
"132"
] | [
"PayPal does charge a premium, both for sending and receiving. Here's how you find their rates:",
"The Paypal 'classic' site option has now been removed and you will not know what you will be charged UNTIL YOU COMMIT TO BUY. Paypal told me today ( brexit day 24th ) that their site is NOT connected to the Ebay s... |
3752 | Want to buy a car but have not enough money | [
"476763"
] | [
"\"When your dream car is not just 200 times your disposable income but in fact 200 times your whole monthly salary, then there is no way for you to afford it right now. Any attempt to finance through a loan would put you into a debt trap you won't ever dig yourself out. And if there are any car dealerships in you... |
3753 | What percent of my salary should I save? | [
"383102",
"81343",
"466338",
"524912",
"115678"
] | [
"\"I am pretty sure you could find a number of financial planners whom you could pay to give you a very accurate number, but the rule of thumb I like best is Save a dime of every dollar. 10% (Savings means save for retirement, not vacations.) Here is a nice article from radio personality Clark Howard with some adj... |
3754 | What happens to my savings if my country defaults or restructures its debt? | [
"598030",
"309358",
"304007",
"575359",
"540553",
"231521",
"235322",
"122513",
"379419"
] | [
"In theory, anything can happen, and the world could end tomorrow. However, with a reasonably sane financial plan you should be able to ride this out. If the government cannot or won't immediately pay its debt in full, the most immediate consequence is that people are going to be unwilling to lend any more money i... |
3755 | Ensuring payment from client | [
"313039",
"314691"
] | [
"Use some form of escrow agent: Some freelancer sites provide payment escrow services (e.g. E-Lance). In this system the client puts money in escrow for the project in advance and then when they accept the project it forwards the payment to the provider. Progress Payments Arrange a progress payment approach with th... |
3756 | Explanations on credit cards in Canada | [
"557870",
"428689",
"158965",
"321196"
] | [
"\"A credit card is a way to borrow money. That's all. Sometimes the loans are very small - $5 - and sometimes they are larger. You can have a credit card with a company (bank or whatever) that you have no other relationship with. They're not a property of a bank account, they are their own thing. The card you desc... |
3758 | Yahoo Finance not showing detailed information for foreign stocks | [
"156816"
] | [
"The cause of incomplete/inaccurate financial data's appearing on free sites is that it is both complicated and expensive to obtain and parse these data. Even within a single country, different pieces of financial data are handled by different authorities. In the US, for example, there is one generally recognized ... |
3760 | How to respond to a customer's demand for payment extension? | [
"229777"
] | [
"In the event that payment is not made by the due date on the invoice then the transaction is essentially null and void and you can sell the work to another client. For your particular situation I would strongly suggest that you implement a sales contract and agreement of original transfer of work of art for any an... |
3761 | Retirement formula for annual compound interest with changing principal | [
"217222",
"357934"
] | [
"The equation is the same one used for mortgage amortization. You first want to calculate the PV (present value) for a stream of $50K payments over 20 years at a10% rate. Then that value is the FV (future value) that you want to save for, and you are looking to solve the payment stream needed to create that futur... |
3762 | What is a typical investment portfolio made up of? | [
"280530",
"137267",
"246253",
"363753"
] | [
"Most people carry a diversity of stock, bond, and commodities in their portfolio. The ratio and types of these investments should be based on your goals and risk tolerance. I personally choose to manage mine through mutual funds which combine the three, but ETFs are also becoming popular. As for where you keep y... |
3763 | Should I Use an Investment Professional? | [
"162562",
"484904",
"578615",
"438525",
"4031",
"511707",
"31574"
] | [
"People ... are nearly twice as likely to ... feel confident Great, confidence is amazing. That and $5 will buy you a cup of coffee. 44% [who hired a pro] have $100K or more [vs.] 9% of DIYers There's no way to examine these numbers without a link to the source, but it stands to reason that if you have a plan that ... |
3764 | What exactly happens during a settlement period? | [
"121465",
"370635"
] | [
"\"Securities clearing and settlement is a complex topic - you can start by browsing relevant Wikipedia articles, and (given sufficient quantities of masochism and strong coffee) progress to entire technical books. You're correct - modern trade settlement systems are electronic and heavily streamlined. However, yo... |
3768 | Should I purchase a whole life insurance policy? (I am close to retirement) | [
"589986",
"57000",
"539244",
"491528"
] | [
"\"First of all, congratulations on being in an incredible financial position. you have done well. So let's look at the investment side first. If you put 400,000 in a decent index fund at an average 8% growth, and add 75,000 every year, in 10 years you'll have about $1.95 Million, $800k of which is capital gain ... |
3769 | Value of credit score if you never plan to borrow again? | [
"240038",
"362037",
"382063",
"113110",
"562412",
"517215",
"562495"
] | [
"\"In the United States, the Fair Credit Reporting Act allows companies to buy your credit information for \"\"legitimate business needs.\"\" The legitimate use of credit scores and credit reporting varies state to state, but like it or not, you can expect a lot more non-lending use of your credit information in th... |
3773 | For SSI, is “authorized user” status on a bank account the same as “ownership”? | [
"236177"
] | [
"\"Having dealt with with Social Security, state agencies, and banks more than I'd care to, I would urge you to do the following: 1) Get a 100% clear answer on whether or not you are listed as \"\"joint\"\" or \"\"authorized user/signer\"\" for an account. This will probably require a call to the bank, but for less... |
3774 | Insurance company sent me huge check instead of pharmacy. Now what? | [
"196997",
"176383",
"580642",
"261825",
"346537",
"133193",
"526817",
"358213",
"355686"
] | [
"The insurance company issued the check. I'd contact the insurance company to have the current check voided and a new one issued to the pharmacy.",
"Checks are awesome things in that, even if it gets lost the money doesn't change hands until the check is cashed. I would highly recommend NOT signing a check over ... |
3779 | How much of my home loan is coming from a bank, how much it goes back? | [
"145238",
"580147",
"249831"
] | [
"\"Judging from your comments, you seem to be confused about the way banking works. Banks can only lend out money that they actually have: whether from deposits or investors or loans taken from other banks/government entities. The rules on how this works varies from country to country, but the principle is always... |
3783 | Are there any statistics that support the need for Title Insurance? | [
"585341",
"354409",
"78787",
"479376"
] | [
"There seems to be no such information available. What is available is that number of claims are high and the Title Insurance companies have gone bankrupt as per the wikipedia article In 2003, according to ALTA, the industry paid out about $662 million in claims, about 4.3% percent of the $15.7 billion taken in as ... |
3785 | Would it make sense to take a loan from a relative to pay off student loans? | [
"382571",
"473292",
"410313",
"349160",
"385078",
"433478",
"195067"
] | [
"\"My biggest concern with this plan is that there's no going back should you decide that it is not going to work, either due to the strain on the relationship or for some other reason. If you were borrowing from a relative in place of a mortgage or a car loan, you can always refinance, and might just pay a littl... |
3787 | My medical bill went to a collection agency. Can I pay it directly to the hospital? | [
"366597"
] | [
"Short Answer Collections agencies and the businesses they collect for are two different animals. If you don't want this to hurt your credit I suggest you deal directly with the hospital. Pay the bill, but prior to paying it get something in writing that specifically says that this will not be reported onto your cr... |
3790 | Can I buy a new house before selling my current house? | [
"549394",
"169316",
"281599",
"445263",
"22378",
"432961",
"544358",
"197779",
"157190"
] | [
"\"You can make a contingent offer: \"\"I will buy this house if I sell my own.\"\" In a highly competitive environment, contingent offers tend to be ignored. (Another commentator described such a contingency clause as synonymous with \"\"Please Reject Me\"\".) You can get a bridge loan: you borrow money for a sho... |
3798 | How do you measure the value of gold? | [
"240894",
"437409",
"180404",
"75658",
"217438",
"305794",
"479398",
"471825"
] | [
"\"Gold may have some \"\"intrinsic value\"\" but it cannot be accurately determined by investors by any known valuation techniques. In fact, if you were to apply the dividend discount model of John Burr Williams - a variation of which is the basis of Discounted Cash Flow (DCF) analysis and the basis of most valuat... |
3803 | If I want a Credit Card offered through a different Credit Union should I slowly transition my banking to that CU? | [
"395021",
"340620",
"335859"
] | [
"No. There's no inherent reason to link the place that you bank with any other financial service. There may occasionally be benefits; for instance you can sometime get lower rates on mortgages or loans by having a a checking account with an institution. Or perhaps it'll be easier for you to make a same-day payment ... |
3804 | Flex spending accounts and hsa when changing jobs | [
"410459"
] | [
"\"Some of this may depend on how your employer chose to deal with your notice period. Most employers employ you for the duration (which means you'd be covered for March on your insurance). They could 'send you home' but pay you (in which case you're an employee for the duration still); or they could terminate yo... |
3805 | Buying my first car: why financing is cheaper than paying cash here and now? | [
"244418",
"241501"
] | [
"The dealership is getting a kickback for having you use a particular bank to finance through. The bank assumes you will take the full term of the loan to pay back, and will hopefully be a repeat customer. This tactic isn't new, and although it maybe doesn't make sense to you, the consumer, in the long run it benef... |
3807 | What are the typical repayment plans for Credit Cards in the United States? | [
"54189",
"526106"
] | [
"\"In the U.S., when you receive your credit card bill each month there's a \"\"minimum payment amount.\"\" That minimum payment is usually the greater of $25 or 1% of the new balance on the card plus new interest and fees. As long as you pay the minimum payment amount, you can pay as much as you want each month. N... |
3809 | Joint account that requires all signatures of all owners to withdraw money? | [
"473957"
] | [
"Savings accounts have lower fees. If you don't anticipate doing many transactions per month, e.g. three or fewer withdrawals, then I would suggest a savings account rather than a checking account. A joint account that requires both account holder signatures to make withdrawals will probably require both account ho... |
3810 | I am trying to start a “hedge fund,” and by that, I really just mean I have a very specific and somewhat simple investment thesis that I want to | [
"377784"
] | [
"\"Kudos for wanting to start your own business. Now let's talk reality. Unless you already have some kind of substantial track record of successful investing to show potential investors, what you want to do will never happen, and that's just giving you the honest truth. There are extensive regulatory requirements... |
3811 | How should minor children be listed as IRA beneficiaries? | [
"410453",
"437823",
"387906"
] | [
"\"First - for anyone else reading - An IRA that has no beneficiary listed on the account itself passes through the will, and this eliminates the opportunity to take withdrawals over the beneficiaries' lifetimes. There's a five year distribution requirement. Also, with a proper beneficiary set up on the IRA account... |
3812 | What could be the harm in sharing my American Express statements online? | [
"466507",
"562612",
"102651",
"35282"
] | [
"\"American Express is great for this use case -- they have two user roles \"\"Account Agent\"\" and \"\"Account Manager\"\" which allow you to designate logins to review your account details or act on your behalf to pay bills or request service. This scheme is designed for exactly what you are doing and offers you... |
3813 | Borrowing money for a semi-urgent medical expense | [
"454867",
"391361"
] | [
"The best option would be to have the dental office allow you pay in installments. That would be probably the cheapest and most convenient way. When high amounts are involved - many medical offices are flexible with payments and allow spreading over long period of time, so you should check it out. Otherwise, credit... |
3814 | Saving/ Investing a lump sum | [
"460457",
"325808"
] | [
"In my mind, when looking at a five year period you have a number of options. You didn't specify where you are based, which admittedly makes it harder, to give you good advice. If you are looking for an investment that can achieve large gains, equities are impossible to ignore. By investing in an index fund or othe... |
3815 | CFD market makers: How is the price coupled to the underlying security? | [
"164200"
] | [
"CFD providers typically offer CFDs to investors using either the direct market access (DMA) model or the market maker (MM) model. Direct Market Access The DMA model gives you access to trade the Underlying instrument on the relevant Exchange from which the CFD is then derived. All CFD Transactions under the DMA mo... |
3817 | Can individuals day-trade stocks using High-Frequency Trading (HFT)? | [
"251300",
"463301",
"381655",
"590535"
] | [
"The answer is to your question is somewhat complicated. You will be unable to compete with the firms traditionally associated with High Frequency Trading in any of their strategies. Most of these strategies which involve marketing making, latency arbitrage, and rebate collection. The amount of engineering required... |
3818 | Is debt almost always the cause of crashes and recessions? | [
"400016",
"438103",
"58206",
"199937"
] | [
"While debt increases the likelihood and magnitude of a crash, speculation, excess supply and other market factors can result in crashes without requiring excessive debt. A popular counter example of crashes due to speculation is 16th century Dutch Tulip Mania. The dot com bubble is a more recent example of a spec... |
3819 | What factors you have do you count on to speculate effectively? | [
"367391"
] | [
"\"Strategy would be my top factor. While this may be implied, I do think it helps to have an idea of what is causing the buy and sell signals in speculating as I'd rather follow a strategy than try to figure things out completely from scratch that doesn't quite make sense to me. There are generally a couple of di... |
3820 | As a minor in the UK do I need to pay taxes on self-employment income, and if so how? | [
"377547"
] | [
"\"As a minor you certainly can pay tax, the government wants its cut from you just like everyone else :-) However you do get the personal allowance like everyone else, so you won't have to pay income tax until your net income reaches £10,800 (that's the figure for the tax year from April 2015 to April 2016, it'll ... |
3821 | What factors should I consider when evaluating index funds? | [
"188497",
"14185"
] | [
"The idea of an index is that it is representative of the market (or a specific market segment) as a whole, so it will move as the market does. Thus, past performance is not really relevant, unless you want to bank on relative differences between different countries' economies. But that's not the point. By far the ... |
3826 | Is keeping track of your money and having a budget the same thing? | [
"91688",
"563326",
"291376",
"456587"
] | [
"A budget is a plan for spending money in the future. Tracking spending is only looking at what happened in the past. Many people only track their spending, a proper budget can be key to achieving financial goals. You might earn enough and not spend frivolously enough that you aren't hamstrung by lack of a budget,... |
3828 | How does a big lottery winner cash his huge check risk-free? | [
"277714",
"461456",
"22961"
] | [
"If the funds are deposited into a noninterest-bearing account, they will be covered by FDIC insurance regardless of the amount (However, this extended coverage may not be valid after Dec. 31, 2012): On November 9, 2010, the FDIC issued a Final Rule implementing section 343 of the Dodd-Frank Wall Street Reform and ... |
3831 | Lending to the bank | [
"458485",
"22599"
] | [
"\"This will happen automatically when you open an interest-bearing account with a bank. You didn't think that banks just kept all that cash in a vault somewhere, did you? That's not the way modern banking works. Today (and for a long, long time) banks will keep only a small fraction of their deposits on hand ... |
3832 | What's the best application, software or tool that can be used to track time? | [
"8464",
"18209",
"132684",
"264994",
"475906",
"422560",
"385468"
] | [
"People rave about Basecamp by 37signals. The impressive part is all the add-ins you can get for it. There are add-ins for invoicing, billing, accounting, and time tracking.",
"Time Tracker I'm a software engineer and have been using this tool. It is free and has a good user interface. I believe it can very wel... |
3833 | How to account for Capital Gains (Losses) in double-entry accounting? | [
"205791",
"8200"
] | [
"\"First, the balance sheet is where assets, liabilities, & equity live. Balance Sheet Identity: Assets = Liabilities (+ Equity) The income statement is where income and expenses live. General Income Statement Identity: Income = Revenue - Expenses If you want to model yourself correctly (like a business), change yo... |
3834 | Could someone explain this scenario about Google's involvement in the wireless spectrum auction? | [
"599159",
"350162"
] | [
"\"If history is any guide, Page’s idealistic impulses could result in a vaster, more sprawling company. The following is an example of one of Page’s idealistic impulses (wanting people to share spectrum) which could result in a vaster, more sprawling company (if they hadn't been outbid, Google would have expanded ... |
3835 | For young (lower-mid class) investors what percentage should be in individual stocks? | [
"564069",
"533576",
"345597",
"334463"
] | [
"\"The short answer: zero. dg99's answer gives some good reasons why. You will basically never be able to achieve diversification with individual stocks that is anywhere close to what you can get with mutual funds. Owning individual stocks exposes you to much greater risk in that random one-off events that happen... |
3838 | Is 401k as good as it sounds given the way it is taxed? | [
"5180",
"556079",
"231662",
"192738",
"264023",
"125601",
"188289",
"152603",
"505617",
"459677",
"495153"
] | [
"Your analysis is not comparing apples to apples which is why it looks like investing money in a non-qualified account is better than a 401k (traditional or Roth). For the non-qual you are using post tax dollars (money that has already been taxed). Now on top of that original tax you are also going to pay capital ... |
3839 | How can banks afford to offer credit card rewards? | [
"314679",
"319043",
"318132",
"429627"
] | [
"There are 3 entities in a credit card transaction; Typically when you swipe for 100, the merchant only gets around 97.5. The 2.5 is divided amongst the 3 entities, roughly around 0.5 for the Merchant Bank, around 0.5 for the Card Network and a lions share to Issuing Bank of around 1.5 The reason Issuing Bank gets ... |
3840 | Will a credit card company close my account if I stop using it? | [
"228871",
"536463",
"301792",
"296165",
"524226"
] | [
"Please realize that your issuer can close the account for any number of reasons. Inactivity is one, as having a credit line open costs them money and if you never charge anything, the company doesn't get any transaction fees from vendors nor does the company get to charge you any interest. An occasional charge is... |
3841 | How to determine contractor hourly rate and employee salary equivalents? | [
"525360",
"486828"
] | [
"Here are a few points to consider: Taxes: As a consultant, you will be responsible for the employer portion of the Social Security and Medicare taxes, and you might have to pay for state unemployment insurance and state disability insurance, as well. Office expenses: As a consultant, you may be required to buy you... |
3843 | Has anyone heard of Peerstreet? | [
"30322"
] | [
"\"(Disclosure - PeerStreet was at FinCon, a financial blogger conference I attended last month. I had the chance to briefly meet a couple people from this company. Also, I recognize a number of the names of their financial backers. This doesn't guarantee anything, of course, except the people behind the scenes are... |
3844 | How is Los Angeles property tax calculated if a 50% owner later buys out the other 50%? | [
"181360",
"497530"
] | [
"\"Can't vouch for LA, but property typically is taxed at either the appraised value, the most recent purchase price (\"\"if it wasn't worth that much, you wouldn't have paid that much\"\"), or some combination of the two (usually highest of the two, to prevent \"\"$1 and other goods and services\"\" from lowering ... |
3845 | Are stocks only listed with one exchange in one place? | [
"450184"
] | [
"\"Depends. The short answer is yes; HSBC, for instance, based in New York, is listed on both the LSE and NYSE. Toyota's listed on the TSE and NYSE. There are many ways to do this; both of the above examples are the result of a corporation owning a subsidiary in a foreign country by the same name (a holding company... |
3846 | What is a “convertible note”? | [
"87696"
] | [
"Source, see if you have access to it Convertible notes are often used by angel investors who wish to fund businesses without establishing an explicit valuation of the company in which they are investing. When an investor purchases equity in a startup, the purchase price of the equity implies a company valuation... |
3847 | Why was my Credit Limit Increase Denied? | [
"557199",
"450830"
] | [
"\"I think they gave you the answer: You haven't previously shown that you can run that particular card up to (near) its existing maximum and then pay it off, so they don't have a strong indication that you can handle that large an unsecured loan. Generally, requests to have the limits raised when there isn't evide... |
3853 | Pay or not pay charged-off accounts for mortgage qualification | [
"375537"
] | [
"\"Your post has some assumptions that are not, or may not be true. For one the assumption is that you have to wait 7 years after you settle your debts to buy a home. That is not the case. For some people (me included) settling an charged off debt was part of my mortgage application process. It was a small debt ... |
3854 | Filing Taxes for Two Separate Jobs Being Worked at the Same Time? | [
"466213",
"477476"
] | [
"\"You file taxes as usual. W2 is a form given to you, you don't need to fill it. Similarly, 1099. Both report moneys paid to you by your employers. W2 is for actual employer (the one where you're on the payroll), 1099 is for contractors (where you invoice the entity you provide services to and get paid per contrac... |
3855 | When will the 2017 US Federal Tax forms be released? | [
"151810"
] | [
"\"It's not quite as bad as the comments indicate. Form 1040ES has been available since January (and IME has been similarly for all past years). It mostly uses the prior year (currently 2016) as the basis, but it does have the updated (2017) figures for items that are automatically adjusted for inflation: bracket p... |
3856 | Clothing Store Credit Card Account closed but not deleted | [
"370496",
"216515",
"30191",
"115548"
] | [
"You have little chance of getting it deleted. I have the same situation, I closed mine in 2006, and the login still works. Keep the paperwork that you closed it (or print a PDF of the site showing so), and forget about it. If someone is trying to cheat, re-opening it should be the same difficulty as making a new o... |
3857 | Cashing a cheque on behalf of someone else | [
"489199",
"301833",
"406109",
"564553"
] | [
"\"It's possible to cash cheques by post. When I did this, it involved filling out a \"\"paying-in slip\"\" (I had a book of these provided by the bank) and posting the cheque together with the slip to an address provided by the bank. You could also bring the paying-in slip and the cheque to a branch and deposit th... |
3858 | Can i have NRE accounts without OCI card? | [
"13215"
] | [
"\"No, you do not need an OCI card to continue to have an NRE or NRO account. You are now classified as a PIO -- Person of Indian Origin -- (and you don't need to have a PIO card issued by the Government of India to prove it) and are entitled to use NRE and NRO accounts just as you were when you were a NRI (NonResi... |
3860 | How should I go about creating an estate plan? | [
"292324"
] | [
"\"Yes, an estate plan can be very important. Estate planning - typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Guardians are often designated for minor children and beneficiaries in incapacity. In general... |
3861 | What things are important to consider when investing in one's company stock? | [
"345388",
"451737",
"67625",
"217124",
"556421"
] | [
"I would pass on their deal if they will only match if you invest in their stock. Think about when/if the company falls on bad times. What happens to the stock of a company when bad times come? The board of directors will reduce or eliminate the dividend payout. Current and potential investors will take notice. C... |
3862 | Credit balance on new credit card | [
"435825",
"243839"
] | [
"Things are generally fine. A credit balance is not a horrible thing. The argument against maintaining a credit balance is that you are essentially loaning the credit card issuer money at 0% interest. You probably have alternative investments that would pay better interest, so it's usually better to park your m... |
3863 | What is the future of 401(k) in terms of stability and reliability? | [
"587636",
"525322",
"588029"
] | [
"\"My guess is that the point is that yields on bonds and cash equivalents is so low that inflation will cause the inflation-adjusted returns to be negative. There is something to be said for how much inflation can eat out of investment returns. At the same time, I would note the occupation of the person making tha... |
3865 | Would I ever need credit card if my debit card is issued by MasterCard/Visa? | [
"456098",
"572796",
"440609",
"7432",
"444590",
"123549",
"120691",
"498775",
"571801",
"550813",
"89161",
"86752",
"533933"
] | [
"\"The credit card may have advantages in at least two cases: In some instances (at least in the US), a merchant will put a \"\"hold\"\" on a credit card without charging it. This happens a lot at hotels, for example, which use the hold as collateral against damages and incidental charges. On a credit card this t... |
3869 | A debt collector will not allow me to pay a debt, what steps should I take? | [
"543607",
"398258",
"439474",
"339365",
"435006",
"86245"
] | [
"This may not apply in your particular situation, but I think it's important to mention: When a debt collector doesn't act like a debt collector, it may be because they aren't actually a debt collector. It's certainly strange that someone called you to collect money from you, and when you asked for a simple documen... |
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