question_id stringlengths 1 5 | question stringlengths 14 158 | pos_item_ids listlengths 1 23 | pos_item_contents listlengths 1 23 |
|---|---|---|---|
5767 | 4 months into a 30 month car loan, need new engine, can't sell any body parts | [
"384175"
] | [
"\"Without knowing the details of your financial situation, I can only offer general advice. It might be worth having a financial counselor look at your finances and offer some custom advice. You might be able to find someone that will do this for free by asking at your local church. I would advise you not to try... |
577 | Can this check still be honored? [duplicate] | [
"303685"
] | [
"You could talk to them, but (assuming you're in the U.S.), it's highly doubtful any bank would honor a check from 26 years ago. Most checks in the U.S. are only valid for 180 days, mainly to help companies and banks keep accounting simple. I would suggest talking to your late husband's former employer. Explain t... |
5770 | Any difference between buying a few shares of expensive stock or a bunch of cheap stock | [
"127487",
"373204",
"111827",
"34882",
"421992"
] | [
"There is no difference between more shares of a relatively cheaper stock and less shares of a relatively more expensive stock. When you invest in a stock, the percentage increase (or decrease) in the share price results in gains (or losses). This is a fundamental concept of investing. Your question suggests that y... |
5772 | Can I invest in the USA or EU from an Asian 3rd-world country, over the Internet? | [
"540986"
] | [
"Absolutely. It does highly depend on your country, as US brokerages are stricter with or even closed to residents of countries that produce drugs, launder money, finance terror, have traditional difficulty with the US, etc. It also depends on your country's laws. Some countries have currency controls, restrictio... |
5773 | Would every FX currency pair or public stock that is under the 30 level using Relative Strength Index (RSI) be an undervalued pair? | [
"591230",
"301570"
] | [
"No, and using a 37 year old formula in finance that is as simple as: should make it obvious technical analysis is more of a game for retail traders than investment advice. When it comes to currencies, there are a myriad of macroeconomic occurrences that do not follow a predictable timescale. Using indicators like ... |
5774 | Does a budget comprise expenses, and/or revenue? | [
"135052"
] | [
"Budget means both expenses and revenue. In quite a few cases, say personal finance, typically one refers to budget more from expenses point of view as the revenue is typically fixed/known [mostly salary]. The Operating budget and capital budget are laid out separately as Operating budget gives out day to day exp... |
5775 | Personal Loan: How to define loan purpose | [
"27670",
"313935"
] | [
"Does that justify the purpose? That is for individual Banks to decide. No bank would pay for daily expenditure if you are saying primary salary you are spending on eduction. So your declaration is right. You are looking at funding your eduction via loan and you are earning enough for living and paying of the loan.... |
5776 | Is there a debit card that earns miles (1 mile per $1 spent) and doesn't have an annual fee? | [
"447478",
"538734"
] | [
"I don't know of any that are comparable to credit cards. There's a reason for that. Debit cards, being newer, have a much lower interchange rate. Since collecting on debt is risky and less predictable, rewards / miles are paid from those interchange fees. This means with a debit card there's less money to pay you ... |
5777 | When shorting a stock, do you pay current market price or the best (lowest) available ask price? | [
"1203",
"274835",
"339875"
] | [
"When you want to short a stock, you are trying to sell shares (that you are borrowing from your broker), therefore you need buyers for the shares you are selling. The ask prices represent people who are trying to sell shares, and the bid prices represent people who are trying to buy shares. Using your example, yo... |
578 | What does the phrase “To make your first million” mean? | [
"105103",
"74589",
"180065"
] | [
"\"I'd interpret it as \"\"Net Worth\"\" reached 1M where \"\"net worth\"\" = assets - liabilities.\"",
"I've not heard it used in any way other than one's net worth reaching a million. No 30 yr old lawyer brags that his cumulative income just passed $1M because he may not have saved a dime of it.",
"When peop... |
5783 | Empirical performance data of ETFs and Mutual Funds tracking identical Indexes? | [
"159471"
] | [
"Why don't you look at the actual funds and etfs in question rather than seeking a general conclusion about all pairs of funds and etfs? For example, Vanguard's total stock market index fund (VTSAX) and ETF (VTI). Comparing the two on yahoo finance I find no difference over the last 5 years visually. For a diffe... |
5784 | How can I save on closing costs when buying a home? | [
"377112",
"336381",
"5975",
"216990",
"400931",
"390066"
] | [
"For example: do I need a realtor, or can I do their job myself? In general in the United States the real estate agent fee is paid by the seller of the property. Their agent will be more than happy keep the entire fee if they don't have to split it with your agent. If you don't have an agent you will be missing so... |
5787 | How can a person with really bad credit history rent decent housing? | [
"524472",
"415425",
"309074",
"246484",
"390744",
"393883",
"198683"
] | [
"This tale makes me sad the more I learn of it. I am impressed with your dedication and caring for your ex-wife and particularly your kids; you seem like a good person from your questions. But you are tired and exasperated too. You have every right to be. The problem isn't how this woman can rent a new apartment... |
5788 | What would happen if I were to lose all equity in my condo when it's time to renew the mortgage? | [
"36086"
] | [
"It doesn't matter. You will just renew your mortgage at the prevailing rates. That's part of the mortgage contract. The problem that happens is if you want to move your mortgage to another bank for a better rate, they may not accept you. Your re-negotiating position is limited. Most mortgages have a portabili... |
5789 | Quantiative Easing fuels stock markets, but why? | [
"229633"
] | [
"There's a premium or discount for various stocks subject to influence by the alternatives available to investors, meaning investments are susceptible to the principle of supply and demand. This is easily seen when industries or business models get hot, and everybody wants a tech company, a social media company, or... |
579 | Is it ok to use a check without a pre-printed check number? | [
"143677",
"190606"
] | [
"For the clearing house, only the routing number and the check amount [which gets encoded before its presented to clearing] is important. The check numbers were put in as a fraud prevention mechanism to ensure that one check was only presented once and that it was issued to a particular account. Typically issued in... |
5791 | Paid off oldest CC keep it open or close it? | [
"99810",
"577221"
] | [
"Close the account. The age doesn't outweigh the fact that you have to pay for the card. It would be one thing if the credit line was a couple thousand but showing the credit bureaus that you are staying away from the $425.00 doesn't really make them think you are any more trustworthy with your available credit. ... |
5792 | Should I take out a loan vs pay off with mother's help? | [
"475042"
] | [
"Is it a gift or a loan? Either way, ask the same lawyer who will do the closing to record a mortgage on the property, your mother holds it. You are required to pay her market interest, 4% or so should pass IRS scrutiny. If it's truly a loan, decide on the payoff time and calculate the payments, she'll have a bit... |
5797 | Pay down the student loan, or buy the car with cash? | [
"289441",
"321207"
] | [
"Here's another way to look at this that might make the decision easier: Looking at it this way you can turn this into a financial arbitrage opportunity, returning 2.5% compared to paying cash for the vehicle and carrying the student loan. Of course you need to take other factors into account as well, such as your... |
5798 | F-1 Visa expired - Unable to repay private student loan. What to do? | [
"501433",
"243809"
] | [
"I would contact your loan servicing company explain the situation and see if you can renegotiate terms. They may be able to drop the interest rate or lengthen the schedule to reduce the payment amount. I wouldn't default on the loan as that would likely hinder coming to/working in the US in the future. Not knowing... |
5800 | How to measure systematic risk of a stock? | [
"220327"
] | [
"\"Beta is the correct answer. It is THE measure of the risk relationship of a stock with the broad market. R squared is incorrect unless you mean something very odd by \"\"co-efficiency.\"\" A stock that goes up each time the market goes down has very low co-efficiency (negative risk as you have defined it) but ... |
5802 | Do Americans still need extra health care / medical insurance after reform to health care? [U.S.] | [
"539867"
] | [
"I think it is too early to tell. They changed so many variables in an incredibly complex system, and a lot of it will depend on how the requirements in the legislation look once the bureaucrats and insurance companies get a chance to interpret them and implement them as policy. My gut feeling is that for most peop... |
5804 | Paying off student loan or using that money for a downpayment on a house | [
"260838",
"592979",
"74497"
] | [
"Two years ago, I wrote an article titled Student Loans and Your First Mortgage in response to this exact question posed by a fellow blogger. The bottom line is that the loan payment doesn't lower your borrowing power as it fits in the slice between 28% (total housing cost) and 38% (total monthly debt burden) when... |
5805 | Deceived by car salesman | [
"322427",
"322249"
] | [
"The only thing that is important here is the documentation you and your daughter signed. If that documentation states that you were a co-signer and that your daughter was the primary on the loan, and then if the loan is not being reported in your daughter's name, you have a cause for action. If, however, the docum... |
5806 | Home loan: loss payable clause in favor of lender for home insurance? | [
"426223",
"121145"
] | [
"Why doesn't it seem right to you? The lender financed the house and has the first right claim (mortgage) on it, so if you have any insurance proceeds they're first offsetting your debt to the lender. Same as if you were selling the house - first the loan is paid off, whatever is left goes to you. If the property i... |
5807 | Where do I find the exercise price and date for warrants? | [
"524789"
] | [
"I agree that a random page on the internet is not always a good source, but at the same time I will use Google or Yahoo Finance to look up US/EU equities, even though those sites are not authoritative and offer zero guarantees as to the accuracy of their data. In the same vein you could try a website devoted to wa... |
581 | Why would selling off some stores improve a company's value? | [
"595981",
"161162",
"587154"
] | [
"Two different takes on an answer; the net-loss concept you mentioned and a core-business concept. If a store is actually a net-loss, and anybody is willing to buy it, it may well make sense to sell it. Depending on your capital value invested, and how much it would take you to make it profitable, it may be a soun... |
5810 | Capital gains loss, can IRS waive the loss? | [
"114857"
] | [
"The cap loss can be used to offset future gains or $3000/yr of ordinary income. (I just used up the last of mine from the dot com bubble.) I hope you have future gains that let you use this up quickly. The IRS debt is separate, and I don't imagine they'll let you use any of the loss to offset it. As always, it ca... |
5811 | Why would you use an IFA for choosing a pension fund | [
"537508"
] | [
"Why would anyone listen to someone else's advice? Because they believe that the person advising them knows better than they do. It's as simple as that. The fact that you're doing any research at all - indeed, the fact that you know about a site on the internet where personal finance questions get asked and answer... |
5813 | Why do they call them “financial products”? | [
"30585"
] | [
"\"They are called \"\"financial products\"\" because they are contracts that are \"\"produced\"\" by the financial industry. For example, you could also say that a car manufacturer does not sell you a car, but a contract that will gives you ownership of a car. And, if a contract is a service and not product, in th... |
5814 | Cost basis allocation question: GM bonds conversion to stock & warrants | [
"116631",
"330276",
"292602",
"436044"
] | [
"This is a bit complicated because of all the moving parts, but is a little simpler because the two warrants are now publicly traded. The main rule appears to be that your cost should be apportioned into the bases for the pieces you received by the proportions of the prices established in the market on the first d... |
5815 | How to calculate money needed for bills, by day | [
"313872",
"188982",
"580168"
] | [
"I think you might benefit from adopting a zero-sum budget, in which you plan where each dollar will be spent ahead of time, rather than simply track spending or worry about the next expense. Here's a pretty good article on the subject: How and Why to Use a Zero-Sum Budget. This is the philosophy behind a popular b... |
5817 | Should an IRA be disclaimed to allow it to be distributed according to a will? | [
"478966",
"487975"
] | [
"There are two different possible taxes based on various scenarios proposed by the OP or the lawyer who drew up the OP's father's will or the OP's mother. First, there is the estate tax which is paid by the estate of the deceased, and the heirs get what is left. Most estates in the US pay no estate tax whatsoever... |
5818 | Lowest Interest Options for Short-Term Loan | [
"560025"
] | [
"\"Also talk to your bank(s) or credit union(s); first one of mine I looked at offers an unsecured loan at 7% variable, and a signature loan at 7.5% fixed, no hidden costs on either. You might do better. Also check store credit. Sears used to offer 1-year-0% financing on appliances if you signed up for the store's ... |
582 | How important is reconciling accounts for a small LLC (Quickbooks)? | [
"290687"
] | [
"I would suggest opening a new account (credit card and bank) for just your business. This protects you in multiple ways, but is no bigger burden for you other than carrying another card in your wallet. Then QB can download the transactions from your website and reconciling is a cinch. If you got audited, you'd be... |
5820 | Will I be liable for taxes if I work for my co. in India for 3 months while I am with my husband in UK | [
"111131",
"298796",
"222663",
"387008"
] | [
"The key factors here are You will need to pay tax in the UK only if you live more than 183 days - that too in a tax year. Indian tax system will also classify you as a NR (Non-resident) if you live outside for more than 182 days in a tax year. In your case, your income will be in India and will stay in India. So... |
5822 | Buying insurance (extended warranty or guarantee) on everyday goods / appliances? | [
"576651",
"295199",
"192647",
"120935",
"70231",
"4780",
"186206",
"55680"
] | [
"\"Generally, a polite decline. However, I have dealt with sales people who take first refusal as a \"\"test\"\" response, and decide to go into the details anyway. The longer they talk the more robust my responses. See this Telegraph article that discusses why their experts think it's a ripoff, and why you should ... |
5826 | Buy tires and keep car for 12-36 months, or replace car now? | [
"264408",
"561282",
"155379",
"88546",
"13715",
"45509",
"172736",
"361905"
] | [
"If the car is in otherwise good shape, it's always less expensive to keep it longer. Think of it this way: you have to buy new tires no matter what. It's just a question of whether or not those new tires are attached to a new car or your current car.",
"I don't see how anyone could give you a hard-and-fast formu... |
5828 | Calculating required rate of return for an income-generating savings account | [
"281495"
] | [
"Line one shows your 1M, a return with a given rate, and year end withdrawal starting at 25,000. So Line 2 starts with that balance, applies the rate again, and shows the higher withdrawal, by 3%/yr. In Column one, I show the cumulative effect of the 3% inflation, and the last number in this column is the final b... |
583 | Get the maximum interest rate from a bank on short term holdings | [
"116213"
] | [
"You can open Savings Bank Account with some Banks that offer better interest rate. Note there would be restriction on number of withdrawals in quarter. There are better interest rates if you lock in for 90+ days. The other option to explore is to open a Demat / Brokrage account and invest in liquid funds. Note dep... |
5830 | Can i short securities in a normal(non-margin) account | [
"513942",
"5573"
] | [
"\"The broker will charge borrowing fees and sometimes a charge called \"\"hard-to-borrow fee\"\". Other than that you will earn interest on the cash you get from selling the stocks, but you will have to pay dividends. This is because someone else (the party you sold the stocks off to) will now get the dividends a... |
5832 | Life insurance policy | [
"564675",
"462440",
"100121"
] | [
"\"From the details you have given it looks like you have \"\"Unit Linked\"\" insurance policy. In such policies a part of the premium goes towards the \"\"Insurance\"\", the balance is invested into \"\"Mutual Funds / stock Market\"\". It is generally not advisable to have \"\"Unit Linked\"\" policy compared to pu... |
5834 | What happen in this selling call option scenario | [
"61853"
] | [
"\"But what happen if the stock price went high and then go down near expiry date? When you hold a short (sold) call option position that has an underlying price that is increasing, what will happen (in general) is that your net margin requirements will increase day by day. Thus, you will be required to put up mor... |
5835 | Are there any disadvantages to DHA Investment Properties? | [
"189587",
"589607",
"150927",
"576097"
] | [
"\"A quick online search for \"\"disadvantages of defence housing australia investment properties\"\" turns up a several articles that list a few possible disadvantages. I can't vouch for these personally because I'm not familiar with the Australian rental market, but they may all be things to keep in mind. I quote... |
5837 | How to get a down payment for your next home? Use current home as the down payment on the new one? | [
"384819",
"17954",
"117790"
] | [
"This is of course a perfectly normal thing to happen. People trade up to a bigger house every day. When you've found a bigger house you want to move to and a buyer for your existing one, you arrange 'closing dates' for both i.e. the date on which the sale actually happens. Usually you make them very close, either ... |
5840 | Should retirement fund be equal to amount of money needed for financial independence? | [
"41262",
"91911"
] | [
"\"It depends what you mean. Finance Independence and Retirement Early (FI/RE) are two overlapping ideas. If you plan to retire early and spend the same amount of money every year (adjusted for inflation), then you need to save twenty-times your yearly spending to satisfy the 4% Safe Withdrawal rule of thumb. Caref... |
5841 | Should I put more money down on one property and pay it off sooner or hold on to the cash? | [
"445887",
"475192",
"112271",
"494148",
"431840"
] | [
"\"I'm a little confused on the use of the property today. Is this place going to be a personal residence for you for now and become a rental later (after the mortgage is paid off)? It does make a difference. If you can buy the house and a 100% LTV loan would cost less than 125% of comparable rent ... then buy th... |
5842 | Why YTM is higher than current yield in discount bond | [
"211308"
] | [
"Say you buy a bond that currently costs $950, and matures in one year, at $1000 face value. It has one coupon ($50 interest payment) left. The coupon, $50, is 50/950 or 5.26%, but you get the face value, $1000, for an additional $50 return. This is why the yield to maturity is higher than current yield. If the mat... |
5843 | Calculate Future Value with Recurring Deposits | [
"298224",
"520217"
] | [
"Using the following values: The formula for the future value of an annuity due is d*(((1 + i)^t - 1)/i)*(1 + i) See Calculating The Present And Future Value Of Annuities In an annuity due, a deposit is made at the beginning of a period and the interest is received at the end of the period. This is in contrast to ... |
5845 | Is Investments by Bodie just an expanded version of Essentials of Investments? | [
"276955",
"338532"
] | [
"Reading the descriptions on Amazon.com it appears Investments is a graduate text and Elements of Investments is the undergraduate version of the text.",
"They are actually both undergraduate texts; however, Investments is FAR more complex. Essentials of Investments really waters down the statistical and mathem... |
5849 | What headaches will I have switching from Quicken to GnuCash? | [
"597681",
"210707",
"32199",
"325235"
] | [
"I have not used Quicken; I've used GnuCash exclusively. It feels a bit rough with the UI: Balancing that, the data is stored in a gzip-compressed xml file. The compression is also optional, so you can save it as a plain xml file. This means that you have some hope of recovery if you wind up with a corrupted file... |
5850 | The doctor didn't charge the health insurance in time, am I liable? | [
"231416",
"298014",
"123216",
"521144",
"984",
"561958",
"83625",
"390374"
] | [
"This has a straightforward answer. It's likely that your doctor and the hospital have no responsibility to ensure that your insurance claim is filed in a timely manner. They bill you whether you or they get reimbursed by insurance, or not. The insurance company is more than happy not to pay you any way they can. S... |
5854 | How do I calculate the dwelling coverage I need from the information I have? | [
"395812",
"138696",
"484291"
] | [
"This is where an insurance agent is very useful. They will help you choose appropriate coverage, based on local rebuilding costs, the build quality of your house (higher quality or historic/semi-historic construction requires a different type of coverage), etc. They can also help advise you on things like the need... |
5855 | Analyst estimates for an insurance company | [
"176384"
] | [
"Something to consider is how broad is Yahoo! Finance taking in their data for making some comparisons. For example, did you look at the other companies in the same industry? On the Industry page, the Top Life Insurance Companies by Market Cap are mostly British companies which could make things a bit different t... |
5856 | Why are options created? | [
"496458",
"431536",
"290568",
"362765"
] | [
"The main reason is that you move from the linear payoff structure to a non-linear one. This is called convexity in finance. With options you can design a payoff structure in almost any way to want it to be. For example you can say that you only want the upside but not the downside, so you buy a call option. It is ... |
5857 | Buying a House and Taking Part of 20% to move initial payment date forward | [
"556295"
] | [
"In the prior PMI discussions here, it's been stated that the bank is not obligated to remove PMI until the mortgage's natural amortization puts the debt at 78% LTV. So, paying in advance like this will not automatically remove the PMI. Nor will a lump sum payment be certain to move the next payment ahead a year. ... |
5860 | What happens if one brings more than 10,000 USD with them into the US? | [
"531346",
"19884",
"190590",
"149013",
"243910"
] | [
"\"The US Customs and Border Protection website states that there is no limit to the amount of currency that can be brought into or taken out of the US. There is no limit on the amount of money that can be taken out of or brought into the United States. However, if a person or persons traveling together and filin... |
5861 | Are long-term bonds risky assets? | [
"256950",
"494992",
"419986",
"516629",
"253960"
] | [
"Bonds have multiple points of risk: This is part of the time value of money chapter in any finance course. Disclaimer - Duff's answer popped up as I was still doing the bond calculations. Similar to mine but less nerdy.",
"\"In the quoted passage, the bonds are \"\"risky\"\" because you CAN lose money. Money ma... |
5865 | How could USA defaulting on its public debt influence the stock/bond market? | [
"581054",
"240236",
"71204"
] | [
"\"This is a speculative question and there's no \"\"correct\"\" answer, but there are definitely some highly likely outcomes. Let's assume that the United States defaults on it's debt. It can be guaranteed that it will lose its AAA rating. Although we don't know what it will drop to, we know it WILL be AA or lower... |
5866 | What is the best way to make a bet that a certain stock will go up in the medium term? | [
"380351",
"319800",
"298866"
] | [
"Specific stock advice isn't permitted on these boards. I'm discussing the process of a call spread with the Apple Jan 13 calls as an example. In effect, you have $10 to 'bet.' Each bet you'd construct offers a different return (odds). For example, If you bought the $750 call at $37.25, you'd need to look to find ... |
587 | How do I get bill collectors who call about people I know to stop calling me? | [
"153443",
"131926",
"393361",
"112711"
] | [
"http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf if you are in the US Look at section 805 and 805 about how they may contact you and what they are and aren't allowed to do. You can simply send a Certified Mail, Return Receipt (CMRR) letter explaining you have no part of it, and that they are not allowed t... |
5872 | Are capitalization rate and net profit margin the same thing? | [
"109148",
"9478"
] | [
"\"Capitalization rate and \"\"Net Profit margin\"\" are two different things. In Capitalization rate note that we are taking the \"\"total value\"\" in the denominator and in Net profit margin we are taking \"\"Revenue/Sales\"\". Capitalization Rate: Capitalization Rate = Yearly Income/Total Value For example (fr... |
5873 | If I have a home loan preapproval letter for x, can the seller know this without me explicitely telling them? | [
"474690",
"444897"
] | [
"I will preface saying that I only have personal experience to go on (purchased home in KS earlier this year, and have purchased/sold a home in AR). You do not give the seller the document stating the amount you have been approved for. Your real estate agent (I recommend having one if you don't) will want to see it... |
5874 | Unmarried couple buying home, what are the options in our case? | [
"547533",
"89872",
"60163"
] | [
"\"You've laid out several workable options. You might try going to mortgage broker and looking at what offers you get each way. I can say that it sounds like your partner will have a difficult time qualifying for a mortgage. That puts you on the first and third options. Forget about \"\"building equity.\"\" Yo... |
5876 | Investment in mutual fund in India for long term goals | [
"183497",
"281865"
] | [
"Buy only 'Direct' Plans, not regular. - Demat providers won't sell Direct plans, that you can do it through https://www.mfuindia.com Make sure expense ratio < 2.5% (With direct plans it will be much lesser) I hope these points will help you to take a better decision.",
"On reading couple of articles & some resea... |
5877 | Home Renovations are expensive.. Should I only pay cash for them? | [
"415097",
"416382",
"60846",
"132798",
"72730"
] | [
"Is it a safety thing? If the heat pump goes out you replace it immediately, if your floor looks bad but you aren't tripping, I would suggest saving. Use the extra time to find a great deal and educate yourself on your options. Maybe even take a class and learn to do it yourself. In these rough times, anything I... |
5878 | What emergencies could justify a highly liquid emergency fund? | [
"34480",
"426269",
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"37823",
"96345",
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"369134",
"505213",
"77570",
"133194",
"447524",
"187791",
"190800",
"547682"
] | [
"\"I suppose this could really depend on the part of the world you're in, but there are still many instances of \"\"emergencies\"\" that need \"\"cash\"\". You have to decide how much cash is the right amount, but I still recommend having $1,000 or so in liquid cash. It can really make a huge difference. Let me giv... |
5879 | Do banks give us interest even for the money that we only had briefly in our account? | [
"421705",
"174404",
"308010",
"264126"
] | [
"It depends on your bank's terms (which may in turn be influenced by laws and regulations), but most banks calculate interest on a per-day basis, so if you leave the money in the account for more than a day, it will generate interest. However, it will most likely be so little that you could make more money doing an... |
5882 | Double-entry accounting: how to keep track of mortgage installments as expenses? | [
"440522",
"489539",
"121560",
"304971"
] | [
"Understandably, it appears as if one must construct the flows oneself because of the work involved to include every loan variation. First, it would be best to distinguish between cash and accrued, otherwise known as the economic, costs. The cash cost is, as you've identified, the payment. This is a reality for ca... |
5883 | Do I pay a zero % loan before another to clear both loans faster? | [
"33350",
"490648",
"599499",
"243065",
"343208",
"241326",
"188015",
"340484",
"194382",
"552792",
"324269",
"206449",
"320703"
] | [
"By paying the $11,000 into the 2.54% loan you will save $23.30 in interest every month. By paying the $11,000 into the 3.625% loan you will save $33.20 in interest every month. If your objective is to get rid of one loan quicker so repayments can go to the other loan to pay off sooner, I would put the $11,000 into... |
5884 | What are the pros and cons of buying an item on installments with zero percent interest? | [
"296612",
"512452",
"54932"
] | [
"If (and only if) there is a zero interest installment plan available, technically the only uncontrollable risk is that there will likely be a hard inquiry on your credit report which may or may not also have a corresponding debt obligation attached to it. (Personally, I recently signed up for one such plan with Go... |
5885 | How much money should I put on a house? | [
"338606",
"100039"
] | [
"Before doing anything else: you want a lawyer involved right from the beginning, to make sure that something reasonable happens with the house if one of you dies or leaves. Seriously, you'll both be safer and happier if it's all explicit. How much you should put on the house is not the right question. Houses don't... |
5889 | Should I always pay my credit at the last day possible to maximize my savings interest? | [
"473538",
"25906",
"382442"
] | [
"If you have the ability to pay online with a guaranteed date for the transaction, go for it. My bank will let me pay a bill on the exact date i choose. When using the mail, of course, this introduces a level of risk. I asked about rates as the US currently has a near zero short term rate. At 3.6%, $10,000, this i... |
589 | What are the implications of lending money to my sole member S-corp? | [
"333616"
] | [
"You can make a capital contribution, not a loan. It's not a taxable event, no interest, and you can take a distribution later when the business has the money to pay you back. So yes, transfer the money. If you use software like Quickbooks, make use of unique accounts for tracking the contribution"
] |
5890 | How to build a U.S. credit history as a worker on a visa? | [
"124699",
"111466",
"275593"
] | [
"Credit is important for many reasons. Establishing credit is an important step and should be no challenge for someone who already has good habits. The same lessons and advice that you would find for a student to establish credit would be applicable to your case as well. Factors that influence credit score, Since ... |
5891 | Comparing keeping old car vs. a new car lease | [
"47015",
"522532"
] | [
"Look at the basic cost of the lease. Option 1: keep the car for three years. Pay for repairs during that time then sell it for $7,000. Option 2: Sell the current car for $10,000. Lease a new car for three years. Assume no need for repairs during those three years. At the end of the three years return the car in r... |
5892 | I'm about to be offered equity by my employer. What should I expect? | [
"160787",
"104740",
"417838"
] | [
"In my experience, any kind of equity you may be offered by the company is just a carrot. Your offer may be written in such a way that your potential ownership represents, say, 1% of the company today. But if the company goes for a round of financing your ownership percentage can get diluted. If this happens a coup... |
5894 | What does it mean that stocks are “memoryless”? | [
"113844",
"511159",
"90603",
"535470",
"535793",
"334313"
] | [
"\"It reminds me of the Efficient Market Hypothesis, except that just states in its weakest form that the current market price accounts for all information embedded in previous market prices. In other words, people buying today at 42 know it was selling for 40 yesterday, and the patterns and such. To say that stock... |
5895 | Building financial independence | [
"149357",
"293179",
"379116",
"374266"
] | [
"\"While I can appreciate you're coming from a strongly held philosophy, I disagree strongly with it. I do not have any 401k or IRA I don't like that you need to rely on government and keep the money there forever. A 401k and an IRA allows you to work within the IRS rules to allow your gains to grow tax free. Addi... |
5896 | Sanity check on choosing the term for a mortgage refinance | [
"367272",
"230948",
"368504",
"303177"
] | [
"One thing you didn't mention is whether the 401(k) offers a match. If it does, this is a slam-dunk. The $303 ($303, right?) is $3636/yr that will be doubled on deposit. It's typical for the first 5% of one's salary to capture the match, so this is right there. In 15 years, you'll still owe $76,519. But 15 * $7272... |
5897 | How to calculate average drawdown of a trading system? | [
"282376"
] | [
"First of all, I think I'll clear off some confusion in the topic. The Sterling Ratio is a very simple investment portfolio measurement that fits nicely to the topic of personal finance, although not so much to a foreign exchange trading system. The Sterling Ratio is mainly used in the context of hedge funds to mea... |
59 | Tax Allocation - Business Asset Transfer | [
"71601"
] | [
"\"And my CPA is saying no way, it will cost me many thousands in taxes and doesn't make any sense. I'd think so too. It looks like it converts from capitol gains at 14% to something else at about 35% Can be, if your gain under the Sec.1231 rules is classified as depreciation recapture. But, perhaps the buyers wi... |
590 | Are you allowed to have both a 401(k) and a SIMPLE IRA? If so, what about limits? | [
"163865"
] | [
"\"I am not 100% sure, but I think the answer is this: You can't max out both. You could theoretically max out the SIMPLE IRA ($11,500) and then contribute $4,000 to your 401k, but your total can't exceed the 401k limit of $16,500. This also means you could max out your 401k at $16,500, but you couldn't contribu... |
5900 | Long term investment for money | [
"253803",
"350082",
"160170",
"171189",
"509064"
] | [
"I'd open the Roth IRA account and fund for 2015 and 2016. For the very long term, I'd learn about index funds, specifically a low cost S&P mutual fund or ETF.",
"I know of no way to answer your question without 'spamming' a particular investment. First off, if you are a USA citizen, max out your 401-K. Whatever... |
5902 | Ways to establish credit history for international student | [
"307767",
"368247",
"313255",
"509739",
"18483"
] | [
"I would like to establish credit history - have heard it's useful to gain employment and makes it easy to rent an apartment? Higher credit scores will make it easier with landlords, that's true. As to employment - they do background checks, which means that they usually won't like bad things, but won't care abou... |
5904 | what are the downsides of rolling credit card debt in this fashion | [
"26548",
"39676"
] | [
"Assuming you can get keep getting credit cards like this forever, you open yourself up to risk in short term losses. Stock/bond prices fluctuate. If you need to pay the money back for some reason (at the end of the 15 months) your investment may be less than the 5,000 you started with.",
"Awesome, you are a math... |
5905 | For a car loan, how much should I get preapproved for? | [
"509535"
] | [
"\"—they will pull your credit report and perform a \"\"hard inquiry\"\" on your file. This means the inquiry will be noted in your credit report and count against you, slightly. This is perfectly normal. Just don't apply too many times too soon or it can begin to add up. They will want proof of your income by aski... |
591 | Foreign Earned Income Exclusion - Service vs. Product? | [
"375423",
"385221",
"319965"
] | [
"\"Even though you will meet the physical presence test, you cannot claim the FEIE because your tax home will remain the US. From the IRS: Your tax home is the general area of your main place of business, employment, or post of duty, regardless of where you maintain your family home. Your tax home is the place wher... |
5910 | Can mortgage insurance replace PMI? | [
"105889"
] | [
"\"PMI IS Mortgage insurance. It stands for \"\"Private Mortgage Insurance\"\". This guy is just trying to get you to buy it from him instead of whoever you have it with now. Your lender would always be on the policy since it is an insurance policy they hold (and you pay for) that protects them from you defaulting... |
5911 | Timing between loans and applying for a new credit card | [
"402705"
] | [
"There were several areas where the mortgage and car loan have affected your credit. The mortgage had the following impacts, The car loan (purchased shortly after the house) had the following impacts, You did not mention your payment history, but since you had an 800 prior to the house purchase, we can assume that... |
5912 | Get car loan w/ part time job as student with no credit, no-cosigner but no expenses | [
"258247",
"39495"
] | [
"Instead of going to the dealership and not knowing if you will be able to get a loan or what the interest rate might be, go to a local credit union or bank first, before you go car shopping, and talk to them about what you would need for your loan. If you can get approval for a loan first, then you will know how ... |
5913 | What do I need to consider when refinancing one home to pay the down-payment of another? | [
"117509",
"371560"
] | [
"What kind of financial analysis would make you comfortable about this decision? The HELOC and ARM are the biggest red flags to me in your current situation. While I don't expect interest rates to skyrocket in the near future, they introduce an interest rate risk that is easy to get rid of. Getting rid of the HEL... |
5914 | Tax treatment of renovation costs and mortgage interest on a second house | [
"393629"
] | [
"Should I treat this house as a second home or a rental property on my 2015 taxes? If it was not rented out or available for rent then you could treat it as your second home. But if it was available for rent (i.e.: you started advertising, you hired a property manager, or made any other step towards renting it out)... |
5915 | Rent or buy with 0 down | [
"317945",
"263518"
] | [
"\"Whether or not you choose to buy is a complicated question. I will answer as \"\"what you should consider/think about\"\" as I don't think \"\"What should I do\"\" is on topic. First off, renting tends to look expensive compared to mortgages until you factor in the other costs that are included in your rent. Pr... |
5918 | Stocks and bonds have yields, but what is a yield? | [
"403826",
"501838"
] | [
"For bonds bought at par (the face value of the bond, like buying a CD for $1000) the payment it makes is the same as yield. You pay $1000 and get say, $40 per year or 4%. If you buy it for more or less than that $1000, say $900, there's some math (not for me, I use a finance calculator) to tell you your return tak... |
592 | What is a good open source Windows finance software | [
"108052",
"89503"
] | [
"Have you tried others on Wikipedia's list?",
"You really shouldn't be using class tracking to keep business and personal operations separate. I'm pretty sure the IRS and courts frown upon this, and you're probably risking losing any limited liability you may have. And for keeping separate parts of the business s... |
5923 | Do my 401k/Roth accounts benefit from compounding? | [
"565777",
"13822",
"396097",
"595298"
] | [
"You buy a share of something for $100. It goes up by 10% over a year, and you now have $110 in value. It goes up by 10% next year and you now have $121. That original $10 increase was compounded even though you're not earning interest because the gains are measured as a percentage. If, instead, you'd only inve... |
5925 | The Big Short - shorting vs CDS | [
"77212"
] | [
"\"To be able to truly short something you technically need to be able to borrow the security so you can sell it. There needs to be a system for borrowing in place to be able to do this which is very robust for large U.S. stocks but doesn't exist for CDOs mainly due to the complex legal structures around them. H... |
5928 | Transfer from credit to debit | [
"39772",
"471501",
"414932",
"259456"
] | [
"I've called both BofA and Amex Customer Support, and they couldn't help. That's because you cannot. Debit card is tied to your checking account, so you can do a cash advance from your AMEX and deposit it to your BOA checking account. It will then be available to use with your debit card.",
"\"The new information... |
593 | How to find out if a company has purchased government (or other) bonds? | [
"419479"
] | [
"This is in the balance sheet, but the info is not usually that detailed. It is safe to assume that at least some portion of the cash/cash equivalents will be in liquid bonds. You may find more specific details in the company SEC filings (annual reports etc)."
] |
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