messages listlengths 1 1 | positive_messages listlengths 1 1 | negative_messages listlengths 7 7 |
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[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Diversification reduces risk, but does this base on the assumption that expected return of each asset is always in proportion to its risk?"
}
] | [
[
{
"role": "user",
"content": "if I have a asset A with expected return of 100% and risk(measured by standard deviation) 1%, and asset B with expected return of 1% and risk 100%, would it be rational to put asset B into the portfolio ? In the capital asset pricing model (CAPM), investors are ration... | [
[
{
"role": "user",
"content": "You have to understand what risk is and how much risk you want to take on, and weight your portfolio accordingly. I think your 80/20 split based on wrong assumptions is the wrong way to look at it. It sounds like your risk appetite has changed. Risk is deviation from ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Car Insurance - Black box has broken and insurance company wants me to pay?"
}
] | [
[
{
"role": "user",
"content": "Unless it is in the contract that you must replace it then this should be replaced by your insurance. They sent you a box that was defective, consumer grade electronics are designed for at least 85 deg C (185F) and unless they can prove your car was hotter than that t... | [
[
{
"role": "user",
"content": "Answer their questions as honestly as you can, they should know that you aren't going to have the answer off hand to everything and that is ok. One way that you can cover yourself is to take photographs of everything that way if anything catastrophic does happen you w... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Clarification on 529 fund"
}
] | [
[
{
"role": "user",
"content": "You are faced with a dilemma. If you use a 529 plan to fund your education, the short timeline of a few years will limit your returns that are tax free. Most people who use a 529 plan either purchase years of tuition via lump sum, when the child is young; or they put ... | [
[
{
"role": "user",
"content": "The 10 year comparison between your fund and the S&P 500 - I'd say more, but not sure it's needed."
}
],
[
{
"role": "user",
"content": "I recommend opening a UTMA investment account with any of the major discount brokerage firms (Schwab, Fidel... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: I have a million dollars of disposable income. What should I do to best benefit the economy?"
}
] | [
[
{
"role": "user",
"content": "\"At first, I thought this might be too broad. There are of course thousands of things that you can do with your money to \"\"help the economy\"\". But I think that there is room to discuss some broad strokes without trying to list a thousand details. Regular investin... | [
[
{
"role": "user",
"content": "that disposable income, include bill gates, jeff bezo and mark zuckeberg. take those few people away from the pile, The entire country really has no surplus income left. Hence why credit card and household debt are all back up. The income inequality and wealth dispari... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: What to think of two at the money call options with different strike prices and premiums?"
}
] | [
[
{
"role": "user",
"content": "\"Your scenario depicts 2 \"\"in the money\"\" options, not \"\"at the money\"\". The former is when the share price is higher than the option strike, the second is when share price is right at strike. I agree this is a highly unlikely scenario, because everyone prici... | [
[
{
"role": "user",
"content": "\"Yes, long calls, and that's a good point. Let's see... if I bought one contract at the Bid price above... $97.13 at expiry of $96.43 option = out of the money =- option price(x100) = $113 loss. $97.13 at expiry of $97.00 option = out of the money =- option price(x10... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: PayPal wants me to “add a bank account”, another funding source. Credit card isn't working. Why?"
}
] | [
[
{
"role": "user",
"content": "It's always a good idea to check your credit history on a regular basis - try checking your credit score from one of the independent providers recently (like Equifax) ? Maybe that will offer a clue what PayPal is doing."
}
]
] | [
[
{
"role": "user",
"content": "Yes, you can set up a PayPal or a Google Checkout account without a bank account linked to it. Neither PayPal nor Google Checkout requires you to link to a bank account. Both services provide for linking your payment account to a credit card instead."
}
],
[
... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Tax implications of restricted stock units"
}
] | [
[
{
"role": "user",
"content": "With the Employee Stock Purchase Plan stock, if you sell it in less than 18 months from exercise, the discount you bought it at (normally 15%) becomes taxable income and included in your W-2."
}
]
] | [
[
{
"role": "user",
"content": "Assuming you bought the stocks with after-tax money, you only pay tax on the difference. Had you bought he shares in a pretax retirement account, such as an IRA or 401(k), the taxation waits until you withdraw, at which point, it's all taxed as ordinary income."
}... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Can you sell a security through a different broker from which it was purchased?"
}
] | [
[
{
"role": "user",
"content": "Many brokers allow you to transfer shares to another broker without selling them. It depends on what kind of account and who the broker is for what forms you might have to fill out and what other hoops you might have to jump through."
}
]
] | [
[
{
"role": "user",
"content": "Typically, as an individual, you can't just decide you want to lend out some securities. There is a lot of legalities that must take place in order to engage in such a transaction. It's a regulated industry and the contractual obligations that exist between borrower a... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: How does a delta signify the probability of expiring in the money"
}
] | [
[
{
"role": "user",
"content": "Just for clarification, delta and probability of expiring in the money are not the same thing. What the guy meant was that delta is usually a close enough approximation to the probability. One way to think about it is to look at the probabilities and deltas of In the ... | [
[
{
"role": "user",
"content": "\"First, welcome to Money.SE. The selected page is awful. I don't know the value in listing different expirations at the same strike. Usually, all the strikes are grouped by month, so I'd be looking at Jan '15 across all strikes. \"\"In the money\"\" means the price o... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: How to get a down payment for your next home? Use current home as the down payment on the new one?"
}
] | [
[
{
"role": "user",
"content": "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 hap... | [
[
{
"role": "user",
"content": "I'm not saying it's great, but I have a 705... I think we'll get a second opinion to lower that rate. Also, logically, with a higher down payment, we should be able to reduce the amount we need to borrow. Is that how that would work? For example, if we scrounged up a ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: When the Reserve Bank determines the interest rates, do they take the house prices into account?"
}
] | [
[
{
"role": "user",
"content": "\"I'm not intimately familiar with the situation in Australia, but in the US the powers that be have adopted an interventionist philosophy. The Federal Reserve (Central Bank) is \"\"buying back\"\" US Gov't debt to keep rates low, and the government is keeping mortgag... | [
[
{
"role": "user",
"content": "If all you look at is the people that can afford houses, then you're just primarily looking at banking policies -- who they will make a loan to, and on what loan terms; which are fairly consistent over time. FRED's home ownership statistic is calculated as the number ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Why does the stock market index get affected when a terrorist attack takes place?"
}
] | [
[
{
"role": "user",
"content": "\"There are more than a few different ways to consider why someone may have a transaction in the stock market: Employee stock options - If part of my compensation comes from having options that vest over time, I may well sell shares at various points because I don't w... | [
[
{
"role": "user",
"content": "\"Indexes are down during the summer time, and I don't think it has something to do with specific stocks. If you look at the index history you'll see that there's a price drop during the summer time. Google \"\"Sell in May and go away\"\". The BP was cheap at the time... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Do you avoid tax when taking a home equity loan?"
}
] | [
[
{
"role": "user",
"content": "Loans are not taxable events. The equity you took out is not income. It's a loan, and you pay it back with interest. You pay taxes on the capital gain of the home when you sell it. The tax does not take into account any mortgages, HELOCs, or other loans secured by the... | [
[
{
"role": "user",
"content": "\"Taking out your equity when refinancing means that you take out a new loan for the full value of your house (perhaps less 20% as a down payment on the new mortgage, otherwise you'll be paying insurance), pay off your old lender, and keep the rest for yourself. The r... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Does Tennessee have anything like a principal residence exemption?"
}
] | [
[
{
"role": "user",
"content": "\"There's no homestead property tax exemption in TN. According to the TN comptroller site: Exemptions Exemptions are available for religious, charitable, scientific, and nonprofit educational uses, governmental property, and cemeteries. Most nongovernmental exemptions... | [
[
{
"role": "user",
"content": "\"Tennessee is piloting a TSA \"\"on the ground\"\" program called [VIPR](http://en.wikipedia.org/wiki/Visible_Intermodal_Prevention_and_Response_team). This involves stopping vehicles and searching. From a liberty standpoint, this is in direct opposition to [Freedom ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Is stock trading based more on luck than poker playing?"
}
] | [
[
{
"role": "user",
"content": "I'd say that it cannot be meaningfully calculated or measured because the two are just too different in every way. Poker Stock trading I guess the last point (that someone relying on luck is exploitable in poker but not in stock trading) could be interpreted as stock ... | [
[
{
"role": "user",
"content": "No, the stock market and investing in general is not a zero sum game. Some types of trades are zero sum because of the nature of the trade. But someone isn't necessarily losing when you gain in the sale of a stock or other security. I'm not going to type out a technic... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Germany: Employee and Entrepreneur at same time (for getting AppStore payments)"
}
] | [
[
{
"role": "user",
"content": "\"(Selling apps is AFAIK business, not freelancing - unless the type of app you produce is considered a freelancing subject. The tax office will give you a questionnaire and then decide). As Einzelunternehmer, you can receive the payments for the apps to the same acco... | [
[
{
"role": "user",
"content": "\"I'll assume that you would work as a regular (part-time) employee. In this case, you are technically a Grenzgänger. You will need a specific kind of Swiss permit (\"\"Grenzgängerbewilligung\"\") allowing you to work in Switzerland. Your employer typically takes care... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: How is a long call and short stock portfolio equivalent to lending money"
}
] | [
[
{
"role": "user",
"content": "hmmm. I think it's because in both cases, you must pay for it up front, before the positions are closed out. You own nothing except the right to buy the stock re: the call, and the obligation to buy the stock re: the short. You buy a call, but must borrow the stock, f... | [
[
{
"role": "user",
"content": "First off, you should phone your broker and ask them just to be 100% certain. You will be exercised on the short option that was in the money. It is irrelevant that your portfolio does not contain AAPL stock. You will simply be charged the amount it costs to purchase ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Paying tax for freelance work while travelling"
}
] | [
[
{
"role": "user",
"content": "Having freelanced myself in South America I could give you a sound advice BUT you would first need to answer some questions. 1) How long do you plan on being in South America? At the end of 2017 will you be back in Ireland or still being in South America? In other wor... | [
[
{
"role": "user",
"content": "I will not pay any taxes in the Us, since I am not working for an US company What you will or will not pay is up to you of course, but you definitely should pay taxes in the US, as you're working in the US. Since you mentioned being from Japan, I'll also suggest check... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: What is the purpose of property tax?"
}
] | [
[
{
"role": "user",
"content": "Property taxes are levied by the local authorities to pay for their services. Since the services are continuous - so are the charges. You need someone to pave a road to your house, to build infrastructure, to maintain the police force, fire department, local schools e... | [
[
{
"role": "user",
"content": "Thanks for the extra info on the property tax. So it sounds like it's going to be $1500 for a $150k house. I'm sure even if it's sold for $150 the state might still value it at $15k and you'll end up with $150 in property taxes which is basically nothing."
}
],
... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Administrator vs Broker vs Custodian for a Solo 401(k)?"
}
] | [
[
{
"role": "user",
"content": "Their paperwork should help you along. Schwab is the broker and custodian, you are the administrator. There's virtually no paperwork after the account is opened, until you hit $250K in value, and then there's one extra IRS form you need to fill out each year. See One-... | [
[
{
"role": "user",
"content": "If you go through the web pages of some online brokers, you will find out that some of them allow you to manage friends/relatives accounts from your account as a trusteer. That should really solve your underlying problem, you will need only one login, etc. (Example: h... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Virtual Terminal WITHOUT merchant account?"
}
] | [
[
{
"role": "user",
"content": "You would need to setup a company (even if it's just a sole proprietorship, in the US) to be able to apply for a true merchant account. And thus have a terminal; either real or virtual in your home or business. However, many services such as paypal allow you to accept... | [
[
{
"role": "user",
"content": "Get the cash you need to expand your business. Free information. Call Now. 866-334-8705. Our goal: Helping small companies rebuild in this economy through private lending. We are looking for business owners that want to save money on their credit card processing or be... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: For what dates are the NYSE and U.S. stock exchanges typically closed?"
}
] | [
[
{
"role": "user",
"content": "Stumbled upon this question, I've found the updated dates for 2016 and 2017 in a more permanent location. https://www.nyse.com/markets/hours-calendars"
}
]
] | [
[
{
"role": "user",
"content": "It is because 17th was Friday, 18th-19th were weekends and 20th was a holiday on the Toronto Stock Exchange (Family Day). Just to confirm you could have picked up another stock trading on TMX and observed the price movements."
}
],
[
{
"role": "user"... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: 401k vs. real estate for someone who is great at saving?"
}
] | [
[
{
"role": "user",
"content": "With an appropriate selection within a 401K and if operating expenses are low, you get tax deferred savings and possibly a lower tax bracket for now. The returns vary of course with market fluctuations but for almost 3 years it has been double digit growth on average.... | [
[
{
"role": "user",
"content": "well yes but you should also begin to understand the sectoral component of real estate as a market too in that there can be commercial property; industrial property and retail property; each of which is capable of having slightly (tho usually similar of course) differ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Calculating theoretical Present Value"
}
] | [
[
{
"role": "user",
"content": "The example from the following website: Investopedia - Calculating The Present And Future Value Of Annuities specifically the section 'Calculating the Present Value of an Annuity Due' shows how the calculation is made. Using their figures, if five payments of $1000 ar... | [
[
{
"role": "user",
"content": "> 1)What is the formula to turn the annualized rate into a monthly rate? What do you *think* it is? > 2)What is the formula to find out the NPV of monthly cash flows? Same one as usual. Remember, value can only be summed if it's *at the same point in time.* >... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: searching for historic exchange rate provider which meets this example data"
}
] | [
[
{
"role": "user",
"content": "You will most likely not be able to avoid some form of format conversion, regardless of which data you use since there is, afaik, no standard for this data and everyone exports it differently. One viable option would be, like you said yourself, using the free data pro... | [
[
{
"role": "user",
"content": "An alternative to paying thousands of dollars for historical prices by the minute: Subscribe to real time data for as low as USD$1.5/month from your broker, then browse the chart."
}
],
[
{
"role": "user",
"content": "The right answer to this q... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Problems with Enterprise Value and better valuation techniques"
}
] | [
[
{
"role": "user",
"content": "This is a tough question SFun28. Let's try and debug the metric. First, let's expand upon the notion share price is determined in an efficient market where prospective buyers and sellers have access to info on an enterprises' cash balance and they may weigh that into ... | [
[
{
"role": "user",
"content": "I'll give you my quick and dirty way to value a company: A quick and dirty valuation could be: equity + 10 times profit. This quick way protects you from investing in companies in debt, or losing money. To go more in-depth you need to assess future profit, etc. I reco... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Does Apple have $0 of treasury stock?"
}
] | [
[
{
"role": "user",
"content": "\"Treasury stock is not really represented in the Balance Sheet as a \"\"Treasury stock\"\" line item in the assets. Some companies will break out Treasury Shares as a line item in the \"\"Shareholders Equity\"\" heading of the balance sheet but Apple hides it in the ... | [
[
{
"role": "user",
"content": "No you don't. I just went through 6 months of your history, and you didn't make a single comment of the sort. Edit: it makes me sad that I got downvoted for pointing out a lie, just because it has to do with apple."
}
],
[
{
"role": "user",
"co... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Form 1040 - where to place my stipend?"
}
] | [
[
{
"role": "user",
"content": "If you're correct that it's not taxable because it's non-taxable reimbursement (which is supported by your W-2), then it should not go on your 1040 at all. If it is taxable, then it really should have appeared on your W-2 and would probably end up on Line 7 of your Fo... | [
[
{
"role": "user",
"content": "\"You would put your earnings (and expenses, don't forget) on Schedule C, and then do a Schedule SE for self-employment tax. http://www.irs.gov/businesses/small/article/0,,id=98846,00.html 1040ES isn't used to compute taxes, it's used to pay taxes. Generally you are s... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Is there any downside snapping a picture (or scanning a copy) of every check one writes vs. using a duplicate check?"
}
] | [
[
{
"role": "user",
"content": "No, there is no downside. I personally don't use duplicate checks. I simply make a record of the checks I write in the check register. A copy of the check, whether a duplicate or a photo, isn't really proof of payment for anyone but yourself, as it is very easy to wri... | [
[
{
"role": "user",
"content": "Rational reason. They like this method of paying. There is a delay between writing the check and having the money removed from the account. Their checkbook makes a carbon copy of the check, so they can update their balance easier. They can leave the store and update t... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Is there a return-on-investment vs risk graph anywhere?"
}
] | [
[
{
"role": "user",
"content": "\"Yes, there is a very good Return vs Risk graph put out at riskgrades.com. Look at it soon, because it will be unavailable after 6-30-11. The RA (return analysis) graph is what I think you are looking for. The first graph shown is an \"\"Average Return\"\", which I w... | [
[
{
"role": "user",
"content": "\"With every caveat that Rick said plus many many more lets have some fun. One common way to measure risk is volatility of returns roughly how much the value of your asset jumps around. Interestingly, the following ordering is fairly similar for many other common meas... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: How do you save money on clothes and shoes for your family?"
}
] | [
[
{
"role": "user",
"content": "I speak as a person without kids, but I'll give this a shot anyway, using my memory of the perspective I had when I was a kid. My advice is, if the kids are young enough to not care much, don't be afraid of the thrift store. My parents got a bunch of clothes from the ... | [
[
{
"role": "user",
"content": "Give all your money as well as your budget requirements to someone you really trust. Tell them to give you ONLY what your budget allows. As long as both of you take this seriously, this method will be very effective."
}
],
[
{
"role": "user",
"... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: What data does a seller receive when I pay by credit card?"
}
] | [
[
{
"role": "user",
"content": "It depends on the seller. If the seller wants, they can collect the information from you and send it to the payment gateway. In that case, they of course have everything that you provide at some point. They are not supposed to keep the security code, and there are rul... | [
[
{
"role": "user",
"content": "\"I would actually disagree with MrChrister on this. You can afford yourself the car in this price range paid cash. I don't know how exactly you spend your income, but from my experience, in expensive California, saving $20K a year from $70K income with $800/mo rent i... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Exotic Car Flipping as a Strategic Investment? (US-CAN)"
}
] | [
[
{
"role": "user",
"content": "\"You can greatly reduce the risk if you can line up a buyer prior to purchasing the car. That kind of thing is common in business, one example is drop shipping. Also there are sales companies that specialize in these kinds of things bringing manufacturers of goods to... | [
[
{
"role": "user",
"content": "\"The simplest, most convenient way I know of to \"\"move your savings to Canada\"\" is to purchase an exchange-traded fund like FXC, the CurrencyShares Canadian Dollar Trust, or a similar instrument. (I identify this fund because I know it exists, not because I parti... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Are there any disadvantages of Progress Draw Mortgage?"
}
] | [
[
{
"role": "user",
"content": "Presumably, the inverse of the advantages? You are guaranteed the interest rate that is written on your mortgage commitment as long as the first draw happens before the rate hold expiry date (typically 120 days from application date). In most cases, it takes at least ... | [
[
{
"role": "user",
"content": "No, it will have no negative impact on getting a mortgage. You are building up a history with regular payments and are not carrying a balance on the card each month. Your ability to get a mortgage will ultimately be based on other things. Money Saving Expert has a goo... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: What does it mean to be a “high fee” or “low fee” 401k?"
}
] | [
[
{
"role": "user",
"content": "Every 401(k) has managers to make the stock choices. They all have different rates. You want to see that fidelity or Vangard is handling your 401(k).(and I am sure others) If you have a mega bank managing your funds or an insurance company odds are you are paying way ... | [
[
{
"role": "user",
"content": "There are several things being mixed up in the questions being asked. The expense ratio charged by the mutual fund is built into the NAV per share of the fund, and you do not see the charge explicitly mentioned as a deduction on your 401k statement (or in the statemen... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Are limit orders safe?"
}
] | [
[
{
"role": "user",
"content": "I assume you're talking about a sell order, not a buy order. When you place a limit sell order, your order is guaranteed to be placed at that price or higher. If the market is currently trading much higher than the price of your sell order, then your mistakenly low li... | [
[
{
"role": "user",
"content": "I would never trade after hours and I have 30 years of trading experience. It is a very volatile emotion driven market without a lot of the big players that arbitrage wrong pricing. If I were you I would simply use limit orders you input while the market is closed. If... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Why would a stock opening price differ from the offering price?"
}
] | [
[
{
"role": "user",
"content": "\"The offering price is what the company will raise by selling the shares at that price. However, this isn't usually what the general public sees as often there will be shows to drive up demand so that there will be buyers for the stock. That demand is what you see on... | [
[
{
"role": "user",
"content": "Simple, there is no magic price adjustment after sales - why do you expect the stock price to change? The listed price of a stock is what someone was willing to pay for it in the last deal that was concluded. If any amount of stock changes ownership, this might have t... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: How do I report this cash bonus/tip on income tax return?"
}
] | [
[
{
"role": "user",
"content": "\"Employers are not supposed to give cash gifts to their employees, even if you try to call it a \"\"gift\"\" for tax purposes. Presumably, the reason your wife's employer gave her cash was to be nice and save her taxes on that amount. Her employer already paid tax on... | [
[
{
"role": "user",
"content": "If you're correct that it's not taxable because it's non-taxable reimbursement (which is supported by your W-2), then it should not go on your 1040 at all. If it is taxable, then it really should have appeared on your W-2 and would probably end up on Line 7 of your Fo... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: How late is Roth (rather than pretax) still likely to help?"
}
] | [
[
{
"role": "user",
"content": "My simplest approach is to suggest that people go Roth when in the 15% bracket, and use pre-tax to avoid 25%. I outlined that strategy in my article The 15% solution. The monkey wrench that gets thrown in to this is the distortion of the other smooth marginal tax curv... | [
[
{
"role": "user",
"content": "\"tl;dr Roth earnings are not necessarily \"\"tax deferred\"\", but they might be. This is a great question because IMHO, the use of the wording \"\"tax deferred\"\" is slightly misleading when talking about a Roth IRA (and Roth 401k too). The phrase \"\"tax deferred\... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Is it normal for brokers to ask whether I am a beginner?"
}
] | [
[
{
"role": "user",
"content": "In many places there are legal requirements to do so, essentially made to prevent brokers from selling high-risk products as if they were deposits with guaranteed safety of your funds. There also may be prohibitions on offering high-risk/high-return products to beginn... | [
[
{
"role": "user",
"content": "\"I'm posting this because I think I can do a better job of explaining and detailing everything from start to stop. :) A \"\"broker\"\" is just someone who connect buyers and sellers - a middleman of sorts who is easy to deal with. There are many kinds of brokers; the... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: How to fund sabbatical to prepare house for sale?"
}
] | [
[
{
"role": "user",
"content": "I'll write this up as a more formal answer, here. I'd suggest looking into a Home Equity Line of Credit, or HELOC. You didn't mention in your question how much equity you have in the home, but assuming at least 20%, you might be able to open a HELOC with a line of $40... | [
[
{
"role": "user",
"content": "\"The golden rule is \"\"Pay yourself first.\"\" This means that you should have some form of savings plan set up, preferably a monthly automatic withdrawal that comes out the day after your pay is deposited. 10% is a reasonable number to start with. You are in a wond... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Are there any banks in Europe that I can have an account without being in that country?"
}
] | [
[
{
"role": "user",
"content": "It can be done, but I believe it would be impractical for most people - i.e., it would likely be cheaper to fly to Europe from other side of the world to handle it in person if you can. It also depends on where you live. You should take a look if there are any branche... | [
[
{
"role": "user",
"content": "\"If you are going to keep your US bank account for any period of time, the very best option I know of is to withdraw Euros from an atm using your US card once you are in Germany. I draw on my US account regularly (I'm in Munich) and always get the going \"\"mid marke... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: What are some good ways to control costs for groceries?"
}
] | [
[
{
"role": "user",
"content": "You may use an app called Flipp (or one that serves your area) to check fliers while in the store. If your preferred store has a price match policy, this can save you a few bucks every trip. Just look up at the app what you are buying and price match it over the cashi... | [
[
{
"role": "user",
"content": "You can't boycott cheap food. You have to legislate against it. People are voting with their dollars.. and they are, by far, choosing McDonalds. In general boycotts don't work against national or global corporations. They can take the hit and respond with an advertisi... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Where can I find filings of HUD-1 statements?"
}
] | [
[
{
"role": "user",
"content": "\"Three companies may have copies of it: the bank, the Title Company (aka settlement company), and perhaps the real estate agent. The bank (assuming you had a mortgage) is usually the easiest one to contact, as you're probably still making payments to them. They may h... | [
[
{
"role": "user",
"content": "Northwave EC are one of the best housing solutions that people go for today. In most cases, they are affordable and they can house a lot of people at the same time. There are various criteria to meet so as to be able to own an Executive condominium. Understanding the ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: I got my bank account closed abruptly how do I get money out?"
}
] | [
[
{
"role": "user",
"content": "First, make sure you are contacting the bank directly - use an old invoice you have on hand with a phone number direct to the bank and call them. Do not use the provided number, or you may wind up being pulled into a scam (It is entirely possible that the bank is also... | [
[
{
"role": "user",
"content": "\"This is unfortunately the truth, and I spend a lot of time with my clients trying to help them through this process. One of the key metrics that banks judge themselves on is \"\"products per household.\"\" The more things you have attached to them, the less likely y... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: Can I open a Demat account in India from abroad?"
}
] | [
[
{
"role": "user",
"content": "\"To trade stocks in India, you need a copy of your pan card, address proof(passport or driving license/electricity bill), income tax return (if you are trading futures & options and currencies), and a cancelled cheque from the bank. You will also need to sign across ... | [
[
{
"role": "user",
"content": "If you are a citizen of India and working in Germany, then you are most likely an NRI (NonResident Indian). If so, you are not entitled to hold an ordinary Indian bank account, and all such existing accounts must be converted to NRO (NonResident Ordinary) accounts. If... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: How to find out the amount of preferred stock of Coca Cola Company?"
}
] | [
[
{
"role": "user",
"content": "They were issued in 1919 and eliminated in 1926. This means that Coca-Cola redeemed them in 1926 and either converted the preferred's to common stock or paid the preferred investor's back their full par value and took them off the books."
}
]
] | [
[
{
"role": "user",
"content": "\"From the Times A Reader Q.&A. on G.M.’s Bankruptcy Q. I own G.M. preferred shares. Should I be looking to sell them, or hold on? I bought them at $25 a share when they were issued in late 2001. — Karen, Manhattan A. When a company files for bankruptcy, its various s... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Negative Balance from Automatic Options Exercise. What to do?"
}
] | [
[
{
"role": "user",
"content": "Automatic exercisions can be extremely risky, and the closer to the money the options are, the riskier their exercisions are. It is unlikely that the entire account has negative equity since a responsible broker would forcibly close all positions and pursue the holder... | [
[
{
"role": "user",
"content": "A negative balance in your Debit Account means you owe money to the bank - and yes, it probably means you have used more than what you had in your account ( overdraft )."
}
],
[
{
"role": "user",
"content": "\"First, congratulations on the payc... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: How do you find out who the investors are in a U.S. stock? e.g. how ownership may be concentrated?"
}
] | [
[
{
"role": "user",
"content": "I don't think that you will be able to find a list of every owner for a given stock. There are probably very few people who would know this. One source would be whoever sends out the shareholder meeting mailers. I suspect that the company itself would know this, the e... | [
[
{
"role": "user",
"content": "Market Watch has an IPO calender with details of upcoming IPOs that should provide most of the information you need."
}
],
[
{
"role": "user",
"content": "\"To expand on the above, go to the \"\"Investor Relations\"\" part of the website if the... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: How does compounding of annual interest work?"
}
] | [
[
{
"role": "user",
"content": "The general concept is that your money will grow at an accelerating rate because you start getting interest paid on your returns in addition to the original investment. As a simple example, assume you invest $100 and get 10% interest per year paid annually. -At the en... | [
[
{
"role": "user",
"content": "\"This post may be old anyhow here's my 2 cents. Real world...no. Compounding is overstated. I have 3 mutual funds, basically index funds, you can go look them up. vwinx, spmix, spfix in 11 years i've made a little over 12,000 on 50,000 invested. That averages 5%. Tha... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Why is day trading considered riskier than long-term trading?"
}
] | [
[
{
"role": "user",
"content": "In day trading, you're trying to predict the immediate fluctuations of an essentially random system. In long-term investing, you're trying to assess the strength of a company over a period of time. You also have frequent opportunities to assess your position and eithe... | [
[
{
"role": "user",
"content": "Algorithmic trading essentially banks on the fact that a price will fluctuate in tiny amounts over short periods of time, meaning the volatility is high in that given time frame. As the time frame increases the efficiency of algorithmic trading decreases and proper in... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: In the event of a corporate spin-off, how can I calculate the correct cost basis for each company's shares?"
}
] | [
[
{
"role": "user",
"content": "I was doing my taxes in the US (called Form 1040) and wanted to find out how to figure out the cost basis for the $3.006 that I received for each Siemens ADR that I hold in July 2013. I found that the cost-basis allocation ratio is as follows: Thus for the original po... | [
[
{
"role": "user",
"content": "Conceptually, the entries are: Yes. And since you're the sole owner, your basis will equal to the equity balance on the balance sheet. Keep in mind the book and tax basis will probably be different, so you may want to keep a separate calculation to track the tax basis... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Is an investor of a startup subjected under a vesting schedule?"
}
] | [
[
{
"role": "user",
"content": "\"Recently, I asked about what the company valuation is and how many shares does my 4% represent.CFO told me that there is no point to talk about \"\"shares\"\" or \"\"stock\"\" since the company is not public. Is it right? No, it is wrong. Shares and stocks exist reg... | [
[
{
"role": "user",
"content": "Isn't this absolute bullshit? You're basically giving him 8% interest plus 30% stake in the company for nothing other than putting up the initial shareholder capital ... which he's basically treating like a loan because he wants the money back and guaranteed dividend ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: Why are there so many stock exchanges in the world?"
}
] | [
[
{
"role": "user",
"content": "Stock exchanges have been undergoing a period of consolidation for the past hundred years for the exact reasons you mentioned. The existence of digital trading, harmonized laws and regulations, and fewer relevant currencies have made it more practical for mergers and ... | [
[
{
"role": "user",
"content": "You don't have to go through an exchange. That wasn't the problem. It was that the people trading on them wouldn't be willing to take your offer. An exchange can't just list a company. They need that company's consent and the company need's the exchange's consent. I d... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Why is a stock dividend considered a dividend? What makes it different from a stock split?"
}
] | [
[
{
"role": "user",
"content": "You can argue that cash dividend is a kind of split as well by this logic. The stock price on ex-dividend gets a hit coincidental with the dividend to be paid, so one can argue that the investor has the same cash value on the day the dividend was paid as if it wouldn'... | [
[
{
"role": "user",
"content": "Dividend Stocks like any stock carry risk and go both up and down. It is important to choose a stock based on the company's potential and performance. And, if they pay a dividend it does help. -RobF"
}
],
[
{
"role": "user",
"content": "I'm gue... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: What is the probabiltiy of being assigned if the call expires in the money"
}
] | [
[
{
"role": "user",
"content": "If you are in the money at expiration you are going to get assigned to the person on the other side of the contract. This is an extremely high probability. The only randomness comes from before expiration. Where you may be assigned because a holder exercised the optio... | [
[
{
"role": "user",
"content": "\"I would think that a lot of brokers would put the restriction suggested in @homer150mw in place or something more restrictive, so that's the first line of answer. If you did get assigned on your short option, then (I think) the T+3 settlement rules would matter for ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: What is the best credit card for someone with no credit history"
}
] | [
[
{
"role": "user",
"content": "\"You have what is called in the biz a \"\"thin file\"\". Check with a Credit Union. They will get you a secured card or maybe a straight credit card. They usually will graduate you from a secured card to a real credit card in 12-18 months. Then you are on your way. Y... | [
[
{
"role": "user",
"content": "Short-term it will not help, it will actually hurt your credit score. Long-term, it will help for a couple of reasons: The mix that others refer to is mortgage and auto loans which do not count as revolving credit. A mortgage will help more than a credit card in this ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Can we estimate the impact of a large buy order on the share price?"
}
] | [
[
{
"role": "user",
"content": "\"I may be underestimating your knowledge of how exchanges work; if so, I apologize. If not, then I believe the answer is relatively straightforward. Lets say price of a stock at time t1 is 15$ . There are many types of price that an exchange reports to the public (as... | [
[
{
"role": "user",
"content": "Stock price is based on supply and demand. Unless the stock you are looking to buy usually has very low volume trading 100 shares isn't likely to have any effect on price. There are many companies that have millions or tens of millions of shares trade daily. For stock... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Ideas on how to invest a relatively small amount of British pounds"
}
] | [
[
{
"role": "user",
"content": "First I assume you are resident for tax purposes in the UK? 1 Put 2000 in a cash ISA as an emergency fund. 2 Buy shares in 2 or 3 of the big generalist Investment trusts as they have low charges and long track records – unless your a higher rate tax payer don’t buy th... | [
[
{
"role": "user",
"content": "You would need to pay taxes in India on your salary. It is not relevant whether the funds are received as INR or GBP. The taxes would be as per normal tax brackets. Note that if your company is not deducting any taxes, you would need to keep paying Advance Taxes as pe... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: How can you possibly lose on investments in stocks?"
}
] | [
[
{
"role": "user",
"content": "\"Some stocks do fall to zero. I don't have statistics handy, but I'd guess that a majority of all the companies ever started are now bankrupt and worth zero. Even if a company does not go bankrupt, there is no guarantee that it's value will increase forever, even in ... | [
[
{
"role": "user",
"content": "When you short a stock, you can lose an unlimited amount of money if the trade goes against you. If the shorted stock gaps up overnight you can lose more money than you have in your account. The best case is you make 100% if the stock goes to zero. And then you have m... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Can a bank statement be submitted as a proof of investment?"
}
] | [
[
{
"role": "user",
"content": "Probably not. A debit of 50K in your Bank statement does not mean that its invested into tax saving instrument. This question is best answered by the finance department of your company. Practise vary from organization to organization."
}
]
] | [
[
{
"role": "user",
"content": "It is possible. You'll have to call the bank and ask what documentation is required, I'm pretty sure they'll want notarized authorization by all partners, at least."
}
],
[
{
"role": "user",
"content": "You can use a tool like WikiInvest the ad... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Why can't poor countries just print more money?"
}
] | [
[
{
"role": "user",
"content": "Printing money doesn't mean that their wealth increases. It just devalues the money they already have. So it will just take more money to buy goods from another country. Printing money will also lead to over inflation which has its own set of problems such as:"
}
... | [
[
{
"role": "user",
"content": "Arguably, the only reason the US can print dollar without massive repercussions on devaluing it is because of it is the world's reserve currency, backed by oil. This has allowed to US to build the world's biggest and most powerful army because they can easily borrow m... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Do companies that get taken-over have to honour the old gift card/certificate?"
}
] | [
[
{
"role": "user",
"content": "I know this is old, but Joe Taxpayer is wrong. When you dissolve a corporation in selling it, all liabilities go with the old owners and the new owners, smartly starting with a new corporation and taxpayer ID, start with a clean slate. The only way this is not true is... | [
[
{
"role": "user",
"content": "\"The \"\"cannot be used for gift cards\"\" clause is part of a contract. Target agreed to this breach of contract by allowing customers to buy a gift card with a gift card. From a legal standpoint Target should have refused the purchases, but since it allowed the pur... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Google market cap"
}
] | [
[
{
"role": "user",
"content": "You are right: if the combined value of all outstanding GOOG shares was $495B, and the combined value of all GOOGL shares was $495B, then yes, Alphabet would have a market cap of at least $990B (where I say at least only because I myself don't know that there aren't o... | [
[
{
"role": "user",
"content": "Cynical capitalism. But hey, i think Google goes beyond that. They support and fund decentralization technology which could break their centralized business. Why? Because they know they can't shut it down so they may as well be a part of it. But while monopolistic tac... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: What factors should I consider when evaluating index funds?"
}
] | [
[
{
"role": "user",
"content": "Your link is pointing to managed funds where the fees are higher, you should look at their exchange traded funds; you will note that the management fees are much lower and better reflect the index fund strategy."
}
]
] | [
[
{
"role": "user",
"content": "Placing bets on targeted sectors of the market totally makes sense in my opinion. Especially if you've done research, with a non-biased eye, that convinces you those sectors will continue to outperform. However, the funds you've boxed in red all appear to be actively ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Value of a call option spread"
}
] | [
[
{
"role": "user",
"content": "On expiry, with the underlying share price at $46, we have : You ask : How come they substract 600-100. Why ? Because you have sold the $45 call to open you position, you must now buy it back to close your position. This will cost you $100, so you are debited for $100... | [
[
{
"role": "user",
"content": "This is a Short Diagonal Calender Put Spread Generally, you're writing that long dated one at the money, and buying the short dated one out of the money. The maximum amount that can be made is if the stock breaks out strongly to the upside, and you keep the upfront cr... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: My tenant wants to pay rent through their company: Should this raise a red flag?"
}
] | [
[
{
"role": "user",
"content": "The company that's apparently going to pay this rent wants to treat it as a business expense. They are asking for your SSN because they expect to issue a 1099-MISC. (They probably gave you a Form W-9? It's not mandatory but it's common to request a taxpayer ID on this... | [
[
{
"role": "user",
"content": "\"It is legal. They're probably going to give you a 1099-MISC, which is required of businesses for many cash payments over $600 in value to all sorts of counterparties. (Probably box 3 of 1099-MISC as is typical in \"\"cash for keys\"\" situations where one is paid to... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: As a US Permanent Resident, how much money I can send from the US to India in my NRE account per year?"
}
] | [
[
{
"role": "user",
"content": "I assume that you are a citizen of India, and are what Indian law calls a NRI (NonResident Indian) and thus entitled to operate an NRE (NonResident External) account in India. You can deposit US dollars into the NRE account, but the money is converted to Indian Rupees... | [
[
{
"role": "user",
"content": "Check with Lawyer and CA who deals with international laws. It maybe illegal in Saudi Arabia. From India tax point of view, any credits into NRE account is not taxable. However credits to friends/family will be treated as GIFT and friends/family will be liable to pay ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Does a stock really dip in price on the ex-dividend date? And why would it do this?"
}
] | [
[
{
"role": "user",
"content": "\"The stock should fall by approximately the amount of the dividend as that is what is paid out. If you have a stock trading at $10/share and it pays a $1/share dividend, the price should drop to $9 as what was trading before the dividend was paid would be both the di... | [
[
{
"role": "user",
"content": "The moment the dividend is announced, especially from a company that doesn't normally pay dividends, the dividend is factored into everybody's analysis. In the absence of any other news the price of apple would be expected to drop once the dividend in locked in. Why w... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: How to invest in Japan's stock market from the UK"
}
] | [
[
{
"role": "user",
"content": "Use an exchange traded fund ETF, namely SPDR MSCI Japan EUR Hdg Ucits ETF. It is hedged and can be bought in the UK by this broker State Street Global Advisors on the London Stock Exchange LSE. Link here. Article on JAPAN ETF hedged in Sterling Pound here."
}
]
... | [
[
{
"role": "user",
"content": "The Japanese stock market offers a wide selection of popular ETFs tracking the various indices and sub-indices of the Tokyo Stock Exchange. See this page from the Japan Exchange Group site for a detailed listing of the ETFs being offered on the Tokyo exchange. As you ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Would I qualify for a USDA loan?"
}
] | [
[
{
"role": "user",
"content": "\"I'd like to suggest a plan. First, I know you want to buy a house. I get that, and that is an awesome goal to work for. You need to really sit down and decide why you want a house. People often tell we that they want a house because they are throwing their money awa... | [
[
{
"role": "user",
"content": "The Loan You Want With the Rate You Deserve. Skip the middle man! Our proprietary algorithm searches over 6,000 lending sources worldwide placing you in direct contact with the absolute best lender. Any type of loan, Anywhere in the World. It's fast and Easy. No Dream... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: If I have all this stock just sitting there, how can I lend it out to people for short selling?"
}
] | [
[
{
"role": "user",
"content": "Typically, as an individual, you can't just decide you want to lend out some securities. There is a lot of legalities that must take place in order to engage in such a transaction. It's a regulated industry and the contractual obligations that exist between borrower a... | [
[
{
"role": "user",
"content": "Consider doing things that will allow for tax deductions, such as short selling. The IRS has regulations on this as well. And consider that Futures are taxed more favorably than other kinds of investments. (60% taxed as long term, 40% taxed as short term)"
}
],
... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: What effect would currency devaluation have on my investments?"
}
] | [
[
{
"role": "user",
"content": "Stocks, gold, commodities, and physical real estate will not be affected by currency changes, regardless of whether those changes are fast or slow. All bonds except those that are indexed to inflation will be demolished by sudden, unexpected devaluation. Notice: The a... | [
[
{
"role": "user",
"content": "\"Currency, like gold and other commodities, isn't really much of an investment at all. It doesn't actually generate any return. Its value might fluctuate at a different rate than that of the US dollar or Euro, but that's about it. It might have a place as a very smal... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Do developed country equities have a higher return than emerging market equities, when measured in the latter currency?"
}
] | [
[
{
"role": "user",
"content": "Do developing country equities have a higher return and/or lower risk than emerging market equities? Generally in finance you get payed more for taking risk. Riskier stocks over the long run return more than less risky bonds, for instance. Developing market equity is ... | [
[
{
"role": "user",
"content": "It depends what you mean by 'gain'. Over long period of times the market increases so using a blind monkey with a dart or index fund should be sufficient to get an average returns. The key difference is that changes in currency are close to zero sum game while money i... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Put a dollar value on pensions?"
}
] | [
[
{
"role": "user",
"content": "@JoeTaxpayer's answer outlines how to value it. Some other considerations: As I understand it, some public pensions may be tax-free if you still live in the state that is paying the pension. E.g. when a Massachusetts teacher receives pension, it is exempt from state t... | [
[
{
"role": "user",
"content": "\"I assume you get your information from somewhere where they don't report the truth. I'm sorry if mentioning Fox News offended you, it was not my intention. But the way the question is phrased suggests that you know nothing about what \"\"pension\"\" means. So let me... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Why don't brokerages charge commissions on forex trades?"
}
] | [
[
{
"role": "user",
"content": "Investopedia has a section in their article about currency trading that states: The FX market does not have commissions. Unlike exchange-based markets, FX is a principals-only market. FX firms are dealers, not brokers. This is a critical distinction that all investors... | [
[
{
"role": "user",
"content": "\"Regarding \"\"Interest on idle cash\"\", brokerage firms must maintain a segregated account on the brokerage firm's books to make sure that the client's money and the firm's money is not intermingled, and clients funds are not used for operational purposes. Source. ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: In NYC is there sales tax on services like computer / cell phone repair?"
}
] | [
[
{
"role": "user",
"content": "According to the New York State Department of Taxation and Finance, your service would appear to be exempt from taxes. However, if you are charging for tangible items, those would incur a sales tax."
}
]
] | [
[
{
"role": "user",
"content": "\"In most jurisdictions, both the goods (raw materials) and the service (class) are being \"\"sold\"\" to the customer, who is the end user and thus the sale is subject to sales tax. So, when your friend charges for the class, that $100 is subject to all applicable sa... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: What will happen when a bid price is higher than an ask price?"
}
] | [
[
{
"role": "user",
"content": "It depends on the sequence in which the order [bid and ask] were placed. Please read the below question to understand how the order are matched. How do exchanges match limit orders?"
}
]
] | [
[
{
"role": "user",
"content": "You can, in theory, have the stock price go up without any trading actually occurring. It depends on how the price is quoted. The stock price is not always quoted as the last price someone paid for it. It can also be quoted as the ask price, which is the price a selle... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: How do euro hedged index funds work?"
}
] | [
[
{
"role": "user",
"content": "\"When you invest in an S&P500 index fund that is priced in USD, the only major risk you bear is the risk associated with the equity that comprises the index, since both the equities and the index fund are priced in USD. The fund in your question, however, is priced i... | [
[
{
"role": "user",
"content": "Many mutual funds include such mechanisms. However, the higher fees for those funds (when compared to simple index funds) may cancel out any improvement the hedging strategy offers."
}
],
[
{
"role": "user",
"content": "There are also currency ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Can dues and subscriptions expenses be deducted 100% to calculate taxable income in an LLC company?"
}
] | [
[
{
"role": "user",
"content": "IRS Publication 529 is the go-to document. Without being a tax professional, I'd say if the dues and subscriptions help you in the running of your business, then they're deductible. You're on your own if you take my advice (or don't). ;)"
}
]
] | [
[
{
"role": "user",
"content": "In a sole proprietorship AND an LLC, the expenses can still be deducted against the profits or losses from the operations. The IRS does not even require that a profit seeking activity be incorporated under its own entity, hence why this is also applicable in a sole pr... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: question about early exercise of a NQSO"
}
] | [
[
{
"role": "user",
"content": "Now assume these shares are vested, held for at least 1 year, and are then sold for $5 each. Everything I've read implies that the grantee now owes long-term capital gains taxes on the difference, which would be 10k * ($5 - $1). No. That's exactly what the SO is NQ fo... | [
[
{
"role": "user",
"content": "It is possible to exercise an out of the money option contract. Reasons to do this: You want a large stake of voting shares at any price without moving the market and could not get enough options contracts at a near the money strike price, so you decided to go out of ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: Is it mandatory to report Capital Loss on line 21 of Schedule D?"
}
] | [
[
{
"role": "user",
"content": "On line 21 of Schedule D, you write the smaller of So, in your case, since your Line 16 shows a loss of more than $3000 on Line 21, you write 3000 on Line 21 (the parentheses indicating that is it a negative number are already included on the form). Also, you write (3... | [
[
{
"role": "user",
"content": "\"As long as you didn't \"\"forget\"\" to report any income with regards to these accounts, you should be fine doing that. See more information and specific instructions on this IRS site.\""
}
],
[
{
"role": "user",
"content": ">suffering, s... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: I would like to publicly share the details of my investment portfolio. What websites add value in this regard?"
}
] | [
[
{
"role": "user",
"content": "This is going to be a bit of a shameless plug, but I've build a portfolio tracking website to track your portfolio and be able to share it (in read-only mode) as well. It is at http://frano.carelessmusings.com and currently in beta. Most portfolio trackers are behind ... | [
[
{
"role": "user",
"content": "http://www.moneysupermarket.com/shares/CompareSharesForm.asp lists many. I found the Interactive Investor website to be excruciatingly bad. I switched to TD Waterhouse and found the website good but the telephone service a bit abrupt. I often use the data presented on... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Why would my job recruiter want me to form an LLC?"
}
] | [
[
{
"role": "user",
"content": "\"LLC is, as far as I know, just a US thing, so I'm assuming that you are in the USA. Update for clarification: other countries do have similar concepts, but I'm not aware of any country that uses the term LLC, nor any other country that uses the single-member LLC tha... | [
[
{
"role": "user",
"content": "You need to first visit the website of whatever state you're looking to rent the property in and you're going to want to form the LLC in that particular state. Find the Department of Licensing link and inquire about forming a standard LLC to register as the owner of t... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Can extra mortgage payments be made to lower the monthly payment amount?"
}
] | [
[
{
"role": "user",
"content": "That's tricky. Typically you lock in the minimum monthly payment when you close the loan. You can pay more but not less. Options:"
}
]
] | [
[
{
"role": "user",
"content": "For a $350 monthly payment, she is currently paying $200 monthly in interest. You say that no bank will refinance her, but that is not true, I'm sure many banks are happy to refinance her to the value of the car. She should start that process. You'll find that your su... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: Are there any Social Responsibility Index funds or ETFs?"
}
] | [
[
{
"role": "user",
"content": "TIAA-Cref has their Social Choice Equity Fund, which is a Large Blend primarily equity fund that invests given the following consideration: The Fund primarily invests in companies that are screened by MSCI Inc. (“MSCI”) to favor companies that meet or exceed certain e... | [
[
{
"role": "user",
"content": "Also, when they mean SP500 fund - it means that fund which invests in the top 500 companies in the SP Index, is my understanding correct? Yes that is right. In reality they may not be able to invest in all 500 companies in same proportion, but is reflective of the com... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: How can I figure out how a stock's price would change after I buy shares?"
}
] | [
[
{
"role": "user",
"content": "\"It depends on many factors, but generally, the bid/ask spread will give you an idea. There are typically two ways to buy (or sell) a security: With a limit order, you would place a buy for 100 shares at $30-. Then it's easy, in the worst case you will get your 100 s... | [
[
{
"role": "user",
"content": "\"A \"\"stock price\"\" is nothing but the price at which some shares of that stock were sold on an exchange from someone willing to sell those shares at that price (or more) to someone willing to buy them at that price (or less). Pretty much every question about how ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Mutual fund capital gain on my 1099-DIV : no cost basis?"
}
] | [
[
{
"role": "user",
"content": "The capital gain is either short-term or long-term and will be indicated on the 1099-DiV. You pay taxes on this amount as the capital gain was received in a taxable account (assuming since you received a 1099-DIV). More info here: https://www.mutualfundstore.com/broke... | [
[
{
"role": "user",
"content": "\"First, do you get charged a commission or other fee for reinvesting? Second, why would capital gains and dividends be grouped together? If the broker charges you for that run away. As Joe explained, it is done as a courtesy. Doesn't this mean if I sell the stock, th... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Be a partner, CTO or just a freelancer?"
}
] | [
[
{
"role": "user",
"content": "Being a CTO is different than freelancing, obviously. You have to ask yourself what you would more prefer to do! My initial recommendation would be to receive your normal freelance compensation for the freelance work you do AND separately deal with the issue of being ... | [
[
{
"role": "user",
"content": "Cool! Financial IT is fun. Banks wouldn't run without us :). I'm doing a Master's while working part time in IT in an investment bank. I'm kind of on the fence of if I should go for a more technical profile (software development) or business profile (IT business analy... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: How to calculate stock price (value) based on given values for equity and debt?"
}
] | [
[
{
"role": "user",
"content": "There is no formula for calculating a stock price based on the financials of a company. A stock price is set by the market and always has a component built into it that is based on something outside of the current valuation of a company using its financials. Essential... | [
[
{
"role": "user",
"content": "While there are many very good and detailed answers to this question, there is one key term from finance that none of them used and that is Net Present Value. While this is a term generally associate with debt and assets, it also can be applied to the valuation models... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that answer the question. Query: Do shares purchased on FTSE AIM move with company to other markets?"
}
] | [
[
{
"role": "user",
"content": "\"Any shares you buy when a company is listed on one market will remain yours if the company moves to another market. Markets and exchanges like AIM are just venues for dealing in shares - indeed you can deal in those shares anywhere else that will allow you as well a... | [
[
{
"role": "user",
"content": "Shares are partial ownership of the company. A company can issue (not create) more of the shares it owns at any time, to anyone, at any price -- subject to antitrust and similar regulations. If they wanted to, for example, flat-out give 10% of their retained interest ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Is there an online cost-basis calculator that automatically accounts for dividend re-investments and splits?"
}
] | [
[
{
"role": "user",
"content": "Calculating and adjusting cost basis accurately is a daunting task, but there is a (paid) online tool, NetBasis, which will automatically calculate and adjust your cost basis. It is used by brokerage firms and Fortune 500 companies and is available to the public. Go t... | [
[
{
"role": "user",
"content": "Yahoo provides dividend data from their Historical Prices section, and selecting Dividends Only, along with the dates you wish to return data for. Here is an example of BHP's dividends dating back to 1998. Further, you can download directly to *.csv format if you wish... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Do I live in a state for tax purposes if my permanent home is in another state?"
}
] | [
[
{
"role": "user",
"content": "You're most likely required to file in both for 2013 - since you've lived in both. From 2014 and on you're definitely a NY resident (since you're renting a place there and live there), and you may very well continue being NJ resident (since you're essentially continue... | [
[
{
"role": "user",
"content": "I calculated state and local income tax, property tax and train fares and decided it costs about a $650 less to live in New Jersey. So, I guess I'm staying in New Jersey."
}
],
[
{
"role": "user",
"content": "\"I think the 60 days/year come fro... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Taking Losses To Save On Tax"
}
] | [
[
{
"role": "user",
"content": "\"As Dilip said, if you want actual concrete, based in tax law, answers, please add the country (and if applicable, state) where you pay income tax. Also, knowing what tax bracket you're in would help as well, although I certainly understand if you're not comfortable ... | [
[
{
"role": "user",
"content": "You are correct. She cannot claim the initial loss of $1,000 on her taxes, she can only report the $500 profit. However, the IRS does allow her to add the $1,000 loss to the basis cost of her replacement shares. e.g."
}
],
[
{
"role": "user",
"... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that answer the question. Query: Small withdrawals from IRA"
}
] | [
[
{
"role": "user",
"content": "\"You have several questions in your post so I'll deal with them individually: Is taking small sums from your IRA really that detrimental? I mean as far as tax is concerned? Percentage wise, you pay the tax on the amount plus a 10% penalty, plus the opportunity cost o... | [
[
{
"role": "user",
"content": "If you withdraw money from an RRSP, you are taxed on that money as ordinary income and will have to pay withholding taxes, and potentially more income tax when you file. Additionally, you lose that contribution amount. If you subsequently deposit the same gross amount... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Query regarding international transaction between governments"
}
] | [
[
{
"role": "user",
"content": "For the US government, they've just credited Person B with a Million USD and haven't gained anything (afterall, those digits are intangible and don't really have a value, IMO). Two flaws in this reasoning: The US government didn't do anything. The receiving bank credi... | [
[
{
"role": "user",
"content": "I use XE.com for almost the same purpose. They have free transfer options, such as ACH withdrawals and deposits. I normally do a online bill payment through my international bank to XE, and have them deposit it in the US via ACH. It takes 1-3 business days, and there'... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: How can banks afford to offer credit card rewards?"
}
] | [
[
{
"role": "user",
"content": "One reason why some merchants in the US don't accept Discover is that the fee the store is charged is higher than the average. Generally a portion of transaction fee for the network and the issuing bank goes to the rewards program. In some cases a portion of the inter... | [
[
{
"role": "user",
"content": "The answer for this question varies from person to person. However most cards give lousy rewards percentage-wise. Take a look at where your money is being spent each month (say with a tool like mint.com), and seek out a card that rewards you in categories where you al... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve replies that best answer the question. Query: Does high frequency trading (HFT) punish long-term investment?"
}
] | [
[
{
"role": "user",
"content": "\"Not really. High frequency traders affect mainly short term investors. If everyone invested long-term and traded infrequently, there would be no high frequency trading. For a long term investor, you by at X, hold for several years, and sell at Y. At worst, high freq... | [
[
{
"role": "user",
"content": "The market isn't going to come up with a cure when the largest trading firms, hedge funds, and wealthy individuals making money off HFT. They have very little incentive for ensuring the stability of the market, because they are already rich. If the market crashes and ... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve relevant passages that best answer the question. Query: Do marketmakers always quote a bid and ask simultaneously"
}
] | [
[
{
"role": "user",
"content": "Yes, but also note each exchange have rules that states various conditions when the market maker can enlarge the bid-ask (e.g. for situations such as freely falling markets, etc.) and when the market makers need to give a normal bid-ask. In normal markets, the bid-ask... | [
[
{
"role": "user",
"content": "\"Why would there not be a bid and ask? Dealers make their money in the spread between what they buy it from one entity for and what they sell it to another entity for. This doesn't mean they have to do it auction-style, but they'll still have a different buy price fr... |
[
{
"role": "user",
"content": "Instruct: Given a financial question, retrieve passages that best answer the question. Query: Why would you sell your bonds?"
}
] | [
[
{
"role": "user",
"content": "\"Investment strategies abound. Bonds can be part of useful passive investment strategy but more active investors may develop a good number of reasons why buying and selling bonds on the short term. A few examples: Also, note that there is no guarantee in bonds as you... | [
[
{
"role": "user",
"content": "Is your question academic curiosity or are you thinking of buying bonds? Be aware that bond interest rates are near all-time lows, and if interest rates were to rise, the prices of bonds could fall. Those buying bonds today are taking unusually large risk of capital l... |
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