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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the Chrysler extended warranty coverage worth it? ### Answer: I haven't looked at that warranty in detail, but generally speaking this should help. What is GAP insurance? In the case of a total los...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a larger down payment make an offer stronger? ### Answer: There is some element of truth to what your realtor said. The seller takes the house off the market after the offer is accepted but the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a larger down payment make an offer stronger? ### Answer: First, let me say that you have to take everything your agent says with a grain of salt. Freakonomics had a great article that discussed ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a larger down payment make an offer stronger? ### Answer: There is considerable truth to what your realtor said about the Jersey City NJ housing market these days. It is a "hot" area with lots of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a larger down payment make an offer stronger? ### Answer: There is a lot of your financial information that the selling agent handles in the course of a real estate transaction, including but not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an immigrant get a mortgage in the us? ### Answer: There are two Questions: Financial institutions do not care about your nationality, only your ability to pay over time. For long term debt the le...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Like a Roth IRA for intellectual property, offshore assignment? ### Answer: One can have a self-directed IRA. This is not like a Schwab, eTrade, etc IRA. It has a special type of custodian that knows ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the UK, could low-income pensioners (or those near a low-income retirement) find a student loan useful for boosting their finances? ### Answer: In theory - Yes. So as long as someone will accept y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the UK, could low-income pensioners (or those near a low-income retirement) find a student loan useful for boosting their finances? ### Answer: As noted in richardb's comment buried in the comment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell home to buy another home for cash ### Answer: The cleanest way to accomplish this is to make the purchase of your new house contingent on the sale of your old one. Your offer should include that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: I quit diligently reconciling monthly statements some years before everything was online, when I realized that for yea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: While it's wise, easier and safer to check your transactions online a few times a month, I opt to receive and file pap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: Account statements and the account information provided by your personal finance software should be coming from the sa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: My wife and I are paid every two weeks. I go on line see the exact deposit, add it to register, and see what checks cl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: Banks make mistakes. Reconciling your account with your bank statement is the way to catch the errors. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: I don't use debit cards, but if I did I would review that portion of the statement. I look at my credit card statement...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: Sounds like you are reconciling more than once a month. I like to say I glance at all my statements, but these days I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Helping girlfriend accelerate credit score improvement ### Answer: This is an all too common problem and is not easy to resolve. Divorce agreements do not alter prior mortgage contracts. Most importan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Helping girlfriend accelerate credit score improvement ### Answer: In the short term what does it matter if she has poor credit? Just let it ride and focus on the important things. In the long term t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I tell if this internet sales manager is telling me the real “true cost” of a new car to the dealer ### Answer: I don't buy new cars anymore, but I've helped family members negotiate prices on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I tell if this internet sales manager is telling me the real “true cost” of a new car to the dealer ### Answer: Consumer Reports offers a service that can tell you detailed actual cost to a de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to fund sabbatical to prepare house for sale? ### Answer: 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 y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Complete Opposite Calculations and Opinions - Using Loan to Invest - Paying Monthly Installments with Monthly Income ### Answer: The advice you were given in the other question was don't do it. The ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Complete Opposite Calculations and Opinions - Using Loan to Invest - Paying Monthly Installments with Monthly Income ### Answer: Sorry in advance, but this will be long. Also, it sounds like your fri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investing in real-estate, looks decent? ### Answer: Congratulations, you are in great shape financially at a very young age. Great income, nice equity in a home, and mostly debt free. It...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investing in real-estate, looks decent? ### Answer: This might be a good idea, depending on your personality and inclinations. Key points: How close is the building to you? Do not buy any b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does “taking over payments” work? ### Answer: The phrase doesn't mean anything specifically. Your SO could start paying the payments, but the title and lien would remain in your name. If you want...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does “taking over payments” work? ### Answer: I think this phrase originates from when it was common to have an assumable mortgage. In that case, you would "take over payments" and the loan would...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is title insurance, and should I get title insurance for my home? ### Answer: Here is a pretty exhaustive article on that question. Long story short, it is an insurance policy against the possibi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is title insurance, and should I get title insurance for my home? ### Answer: When we got our mortgage in the state of Washington, in the United States, we had to get title insurance before our l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is title insurance, and should I get title insurance for my home? ### Answer: Title insurance protects you from losing rights to your property in case of a court decision. Let's look at an exampl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is title insurance, and should I get title insurance for my home? ### Answer: If or when you "own" your land outright you need to try and get the land patent on it. That is the supreme form of ti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any good software for value investment? ### Answer: I hope people don’t see this as being facetious but invest some time in learning to do that with Excel. Most financial information websites (Yahoo,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any good software for value investment? ### Answer: I had the same problem and was looking for a software that would give me easy access to historical financial statements of a company, preferably in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any good software for value investment? ### Answer: As @littleadv and @DumbCoder point out in their comments above, Bloomberg Terminal is expensive for individual investors. If you are looking for a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can risk-reward relationship exist, since the losses due to the risk should offset the reward? ### Answer: Risk in finance is defined as standard deviation of returns. This is a measure of size of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can risk-reward relationship exist, since the losses due to the risk should offset the reward? ### Answer: In an "efficient" investment market the amount of risk premium would EXACTLY offset the l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does PMI mean? ### Answer: Private Mortgage Insurance. It's money that you pay to an insurance company to make the lender whole in the event that you go into default. It's a real waste of money f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does PMI mean? ### Answer: Yes, PMI is what the lender requires to loan you more than 8O% of the home's value. I could easily present scenarios where it's exactly the right decision to use PMI an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Refinance a land loan into a mortgage loan ### Answer: The Answer is yes according to multiple online sources and my local bank. This approach is a common technique to building your own home. You fina...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Line of credit for investment ### Answer: What you are describing is called a Home Equity Line of Credit (HELOC). While the strategy you are describing is not impossible it would raise the amount of d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating theoretical Present Value ### Answer: If you are using an Excel, the Function PV should be able to easily calculate this. Excel Formulae PV = (Rate,Nper,Pmt,Fv,Type) Where Rate: Rate of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating theoretical Present Value ### Answer: The example from the following website: Investopedia - Calculating The Present And Future Value Of Annuities specifically the section 'Calculating th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can value from labor provided to oneself be taxed? ### Answer: This is called imputed income, which is generally not taxed in the US. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can value from labor provided to oneself be taxed? ### Answer: The basis of the home is the cost of land and material. That's it. Your time isn't added to basis. No different than if you spend 1000 h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can value from labor provided to oneself be taxed? ### Answer: I've heard of handyman type people making a living this way untaxed. They move into a fixer-upper, fix it up while living there, stay ov...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros / cons of being more involved with IRA investments [duplicate] ### Answer: diversifying; but isn't that what mutual funds already do? They diversify and reduce stock-specific risk by moving from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros / cons of being more involved with IRA investments [duplicate] ### Answer: Let’s compare your target fund, FFFFX to a well-known ETF, SPY; SPDR S&P 500 ETF. Source: Yahoo Finance The difference i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I choose 401k investment funds? ### Answer: Here is the "investing for retirement" theoretical background you should have. You should base your investment decisions not simply on the historical...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I choose 401k investment funds? ### Answer: I would stay away from the Actively Managed Funds. Index funds or the asset allocation funds are your best bet since they have the lowest fees. Wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I choose 401k investment funds? ### Answer: I disagree strongly with chasing expenses. Don't chase pennies until your are comfortable with an allocation that makes sense to you. Focus on buildi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about being a resident ### Answer: One thing to consider besides what rules Oregon has, is what rules your old state have. Of course the lack of income tax in Nevada means that most people ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about being a resident ### Answer: I am assuming you are asking for Tax purposes. In Oregon, there is a distinction between Full-Year and Partial-Year residency for Tax purposes. You are most...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about being a resident ### Answer: This sort of involves personal finance, and sort of not. But it's an interesting question, so let's call it on topic? Short answer: yes. Long answer: it dep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I always be able to get a zero-interest credit card? ### Answer: No. There is no guarantee that credit card issuing banks will always use 0% introductory rates to entice anyone. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I always be able to get a zero-interest credit card? ### Answer: After looking at the comments, and your replies it seems that your mind is made up: "You will always be able to obtain 0% credit, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any funds tracking INDEXDJX:REIT? ### Answer: Although you can't invest in an index, you can invest in a fund that basically invests in what the index is made up of. Example: In dealing with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are fund managers' average/minimum purchase price from form 13F the same? ### Answer: The GuruFocus Link is just reporting the high and low price of the quarter. Price Range (Average) – The estim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: In a lot of cases, the bank has already made their money. Shortly after you get your mortgage is sold to investors...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: It can be a good thing for the bank to refinance your loan for you - since you will be keeping the loan at that pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: The big one is to keep you from refinancing it with someone else to get a better rate. There may also be some funn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: 1- Wells Fargo does not own our current mortgage. They have bundled it and sold it as an investment. 2- They make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: What are you missing? Volume. Bank of America is more than willing to refinance a loan from Wells Fargo as long as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: Banks make money on load origination fees. The "points" you pay or closing costs are the primary benefit to the ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: The reason is the same as with cell phones payment plans. As competition grows cell phone companies offer better p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: It also reduces risk from the bank's eyes. Believe it or not, they do lose out when people don't pay on their mort...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are good games to play to teach young children about saving money? ### Answer: I found this great resource at MarketWatch.com - a listing on online games that help parents teach kids about saving...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are good games to play to teach young children about saving money? ### Answer: I've found that good old fashioned "Monopoly" teaches children about cash flow, mortgaging properties, and paying in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are good games to play to teach young children about saving money? ### Answer: I know this question is closed now, but I just found this site that people might be interested in... http://www.prac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are good games to play to teach young children about saving money? ### Answer: I also saw a lot of reference to Mutual Mania Board Game, which is geared towards kids 11yrs+ and helps them learn a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are good games to play to teach young children about saving money? ### Answer: We play Cash Flow and Cashflow for Kids by Robert Kiyosaki. Our kids love it. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are good games to play to teach young children about saving money? ### Answer: Animal Crossing is great for all ages and teaches kids the importance of saving money to pay off a debt for a home a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is refinancing my auto loan just to avoid dealing with the lender that issued it a crazy idea? ### Answer: I’d say No, it’s not crazy. I did that even for a mortgage, because the bank tended to lose m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is refinancing my auto loan just to avoid dealing with the lender that issued it a crazy idea? ### Answer: What are the fees associated with changing the new loan? Are those fees worth the peace of mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is refinancing my auto loan just to avoid dealing with the lender that issued it a crazy idea? ### Answer: they apply it to my next payment That's what my bank did with my auto loan. I got so far ahe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to see a portfolio's overall profit or loss on Yahoo Finance? ### Answer: The steps that I could imagine following: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I factor dividends and yield into the performance of a security? ### Answer: Instead of a price chart can use a performance chart, which is usually expressed as a percentage increase from the o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I factor dividends and yield into the performance of a security? ### Answer: Usually I've seen people treat the dividend like a separate cash flow, which is discounted if the company doesn't ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I factor dividends and yield into the performance of a security? ### Answer: Good observation. In fact, the S&P index itself is guilty of not including dividends. So when you look at the index ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much in cash equivalents should I keep in the bank? [duplicate] ### Answer: In personal finance circles this is called an Emergency Fund. There are many opinions about how big it needs to be but m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need something more basic than a financial advisor or planner ### Answer: Yes, there is a profession that does exactly what you're looking for. It's called a fee-only financial advisor. These are pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need something more basic than a financial advisor or planner ### Answer: You know how when people called in on the Car Talk radio show (Click and Clack, I miss those guys), and while the caller asked...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need something more basic than a financial advisor or planner ### Answer: What you are looking for is a Money Coach or a Personal Finance Coach. From mymoneycoach.com: "Money Coach: Everyone uses mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need something more basic than a financial advisor or planner ### Answer: If you are living near a land-grant university, you might be able to find help from the university's Extension Service. In ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need something more basic than a financial advisor or planner ### Answer: In addition to a fee-only advisor, brought up by dg99, you could consider asking your questions on message boards such as Bogl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between “Index” and “Accumulation” tracker funds? ### Answer: Whenever a website mentions Hypothetical Growth of $100, $1,000, or $10,000, it assumes that that investor himself w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can future rental income be applied to present debt-to-income ratio when applying for second mortgage? ### Answer: They will include the rental income into the calculation. They don't give you a 100% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can future rental income be applied to present debt-to-income ratio when applying for second mortgage? ### Answer: Having both purchased income properties and converted prior residences into rental pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can future rental income be applied to present debt-to-income ratio when applying for second mortgage? ### Answer: Generally speaking, no they won't. In this case, though I haven't done it myself, I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I compare having accounts at various banks without opening an account? ### Answer: I think that your best option is to use the internet to look for sites comparing the various features of acco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: You have to be the owner of record before the ex-dividend date, which is not t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: The market is not stupid. It realises that a company is worth less after payin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: The ex-dividend date, prevents this, but people are still able to do this and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: The rest of the market knows when the dividends are paid out, and that will be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: Although the market discussion by other answers is correct, the tax structur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: I remember my Finance Professor at b-school answering this question: The nex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: This investment strategy may have tax advantages. In some countries, income re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: implementation of risk managed momentum strategy ### Answer: The paragraph before on page 115 states: Scaling corresponds to having a weight in the long and short legs that is different from one and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay for a cheap car or take out a loan? ### Answer: This was a huge question for me when I graduated high school, should I buy a new or a used car? I opted for buying used. I purchased three cars in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay for a cheap car or take out a loan? ### Answer: You are really showing some wisdom here, and congratulations on finishing college. Its a lot about likelihoods. If you buy a new car, there is so...