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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: If you buy a new car, the odds that it will require repairs are fairly low, and if it does, they should be covered by the warranty. If you buy a use...
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: The stupid question nobody asked: how mechanically inclined are you? I buy used cars, but then again I can work on them (I am building a new engine ...
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: Buying a car is a very big financial decision. There are three major factors to decide which car to buy: Pick two because you can't have all three....
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 may not have a good choice until you start that job. $2,000 is awfully low for a car, so it could be very risky. But you may not be able to get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I make additional payments on a FHA loan, or save up for a refinance? ### Answer: You would have to do the specific math with your specific situation to be certain, but - generally speaking it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Checking the math on a Truth-in-Lending Disclosure ### Answer: As your question is written now, it looks like you have a typo. Your stated APR is 5.542% = 0.05542, not 0.005542 as you've written. I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Remortgaging my home to release capital for second property ### Answer: I've had a hard time finding out details on remortgaging Help to Buy loans myself, but found one article (http://www.thisismoney...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know what loan terms I can qualify for? ### Answer: You can find out the most money they will loan you for a car loan when you approach your current bank/credit union. They should be willing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a real estate attorney needed for builder deposit contract? ### Answer: You are planning on signing a contract for, likely, hundreds of thousands of dollars, and plan on paying, likely, tens of tho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a real estate attorney needed for builder deposit contract? ### Answer: You need to let a lawyer look at it. Concerns you have include: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any site you can find out about the 'bonus features' of credit cards? ### Answer: Billshrink offers some pretty neat analysis tools to help you pick a credit card. They focus more on rewards ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between Protected-equity loan vs Equity loan? ### Answer: In simple terms : Equity Loan is money borrowed from the bank to buy assets which can be houses , shares etc Protected ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I trade in a car I own to lower my payments on a new lease? ### Answer: You need to look at the numbers when you're ready to transact. What your crossover is worth now, what the truck will lea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I trade in a car I own to lower my payments on a new lease? ### Answer: Trade-in values are generally below what you can get in a private sale. To directly answer your question, you should sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estimate probability distribution of profit on investment ### Answer: There is no simple answer to that, because no one knows exactly what the probability distribution of S&P 500 returns is. Here is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do moving average acts as support and resistance? ### Answer: As you point out, the moving average is just MA(k)t = (Pt-1 + … + Pt-k )/k and is applied in technical analysis (TA) to smooth out vol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do moving average acts as support and resistance? ### Answer: A moving average will act as support or resistance to a stock only when the stock is trending. The way it acts as support for instance...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do moving average acts as support and resistance? ### Answer: It's not stopped. Crossing a moving average is considered a signal to buy or sell. Yahoo stock charts offer the ability to add moving ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell or keep rental Property? ### Answer: Sell the house, in the scenario you describe he is using the property as an investment with a $250 per month buy-in. This investment doesn't make a return rig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell or keep rental Property? ### Answer: How is the current mortgage payment broken out? I have a mortgage on a rental property with a payment of $775, but $600 is principal. If I were at breakeven o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell or keep rental Property? ### Answer: And he has to pay for it every home repair and every month the property sets empty. His loss each month is not $250, but probably closer to $500. In general...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it common for a new car of about $16k to be worth only $4-6k after three years? ### Answer: It depends completely on the car. Some cars retain their value much better, and others drop in value lik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it common for a new car of about $16k to be worth only $4-6k after three years? ### Answer: It's possible the $16,000 was for more than the car. Perhaps extras were added on at purchase time; or p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it common for a new car of about $16k to be worth only $4-6k after three years? ### Answer: It isn't common to lose that much value in 3 years, but it is possible. If you don't take care of small d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are “hard money loans” meant only for real estate? ### Answer: From Wikipedia: A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Convertible -debt/note/bond/debentures” which of these are the same or different? ### Answer: They all basically mean the same thing - a type of debt than can be exchanged for (converted into) equity...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Error in my car loan papers, what do I do? ### Answer: The absolute first thing you need to do is contact the bank. Also, do you have a copy of the loan papers you signed? You should look over those a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to check stock prices online? ### Answer: Yes, there are a lot of places you can research stocks online, Google Finance, Yahoo Finance, Reuters etc. It's important to understand that the price of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stranger in Asia wants to send me $3000 in Europe over Western Union because he “likes me”? [duplicate] ### Answer: how are the ways he could scam me? There are hundreds of different ways the scam can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stranger in Asia wants to send me $3000 in Europe over Western Union because he “likes me”? [duplicate] ### Answer: The first question I have to ask is, why would your "friend" even be considering som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stranger in Asia wants to send me $3000 in Europe over Western Union because he “likes me”? [duplicate] ### Answer: It can be a money laundering scheme. The stranger gives you cash for free at first, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home - brokerage fee ### Answer: That sounds like a particularly egregious version of exclusivity. However, the way that you could handle that is to include a "contingency" in your purchase a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home - brokerage fee ### Answer: Every situation is possible, it depends on what the contract states. According to Nolo: Your ability to withdraw from a home purchase depends on two things: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home - brokerage fee ### Answer: I feel like you didn't actually read your agent's agreement, which should say where the money actually comes from. You sign it so that your agent can get paid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any disadvantages of Progress Draw Mortgage? ### Answer: Presumably, the inverse of the advantages? You are guaranteed the interest rate that is written on your mortgage commitment as long a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences between an investment mortgage and a personal mortgage? ### Answer: Banks consider investment mortgages (and any mortgage where you don't live in the property), as a riskier i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences between an investment mortgage and a personal mortgage? ### Answer: According to my wife who used to work in the industry, since an investment mortgage is more likely to fail ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences between an investment mortgage and a personal mortgage? ### Answer: I used to own a few investment properties, so I'm pretty familiar with this. As MrChrister mentions, lende...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences between an investment mortgage and a personal mortgage? ### Answer: It's just a guess, as I'm from the UK and am unfamiliar with the term "investment" mortgage but is it one w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences between an investment mortgage and a personal mortgage? ### Answer: If you are going to live in the house for awhile, you can probably use a regular mortgage. Shop around and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good book that talks about all the type of products to invest? ### Answer: There is no magical book that talks about the thousands of investment instrument types that are available ranging...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it adventageous to expedite my wedding before the new year for tax savings? ### Answer: You are correct. If you get married by December 31, you will file as married for this year (Married Filing Jo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it adventageous to expedite my wedding before the new year for tax savings? ### Answer: Yes on taxes. It depends on the other point. As you already see from Ben's comment, if you're both very Weste...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find if I can buy shares of a specific company? ### Answer: A company whose stock is available for sale to the public is called a publicly-held or publicly-traded company. A public company'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find if I can buy shares of a specific company? ### Answer: Hmm... Well there are several ways to do that: Go to any bank (or at the very least major ones). They can assist you with buying a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, how much should my down payment be? ### Answer: I'm going to answer your questions out of order. Emergency fund: Depending on how conservative you are and how much insurance you have, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, how much should my down payment be? ### Answer: Mortgage qualification is typically done based on pretax income. To keep the math easy, let's assume $10K/month gross. A well written l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, how much should my down payment be? ### Answer: As observed, there is no answer that will fit all, but below are some considerations: Your monthly requirement is 5000, so you have 3000...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, how much should my down payment be? ### Answer: The reason to put more money down or accept a shorter maximum term is because the bank sweetens the deal (or fails to sour it in some fa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, how much should my down payment be? ### Answer: How much should my down payment be? Ideally 20% of the purchase price because with 20% of the purchase price, you don't have to pay a co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hearing much about Dave Ramsey. Which of his works is best in describing his “philosophy” about money? ### Answer: Start with his website, specifically his seven steps. Most everything else is around ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hearing much about Dave Ramsey. Which of his works is best in describing his “philosophy” about money? ### Answer: If I had to start with one thing about Dave's Philosophy it would be: Zero Debt. Da...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hearing much about Dave Ramsey. Which of his works is best in describing his “philosophy” about money? ### Answer: His books: The Total Money Makeover - This is a very step by step approach to what he...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hearing much about Dave Ramsey. Which of his works is best in describing his “philosophy” about money? ### Answer: Actually, Trent Hamm of The Simple Dollar, wrote a "book club" series that basically ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hearing much about Dave Ramsey. Which of his works is best in describing his “philosophy” about money? ### Answer: My beef with day (and to ape Yishai's answer a little) is that his good advice is no ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can this be enough to fund a scholarship in perpetuity? ### Answer: The Trinity study looked at 'safe' withdrawal rates from retirement portfolios. They found it was safe to withdraw 4% of a portf...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can this be enough to fund a scholarship in perpetuity? ### Answer: Some historical and mathematical insights as a complement to existing answers. History. I found it astonishing that already in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can this be enough to fund a scholarship in perpetuity? ### Answer: What's the value of the scholarship, and is it administered by itself or by the university? If by itself, the financial return ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell your home and invest in growth stock mutual fund ### Answer: It wouldn't surprise me to see a country's return to show Inflation + 2-4%, on average. The members of this board are from all over th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell your home and invest in growth stock mutual fund ### Answer: The 20%+ returns you have observed in the mutual funds are not free money. They are compensation for the risk associated with owning ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and where do companies publish financial reports? ### Answer: Yes it is true. The US based companies have to meet the requirements placed on them by the US government. The agency with all these re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New or Used Car Advice for Recent College Grad ### Answer: Never buy a new car if cost is an issue. A big chunk of the price will disappear to depreciation as you drive it off the lot. If you want a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New or Used Car Advice for Recent College Grad ### Answer: 17.5 thousand miles/year is pretty high mileage. You could find an Accord or Civic of comparable age with much lower mileage than that, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as a non-FDIC savings account, which earns better interest? ### Answer: Everyone would like a savings/checking account that has the same liquidity as others but pays multiple tim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as a non-FDIC savings account, which earns better interest? ### Answer: There are lots of credit unions that are insured by the National Credit Union Administration (NCUA) throug...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about identity theft? ### Answer: The problem is that the reason you find out may be that you are at the car dealer, picked out a car, and getting ready to sign the loan papers with yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about identity theft? ### Answer: While everything can be fixed in the end, and you can usually get all your money back, recovering from identity theft can take months or years. In the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about identity theft? ### Answer: Everything lies in In the end. How many days/weeks/months/years can you wait for your money back? ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about identity theft? ### Answer: Real world case: IRS: You owe us $x. You didn't report your income from job y. My mother: I didn't work for y. I don't even know who y is. IRS: I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the disadvantages of using a small leverage? ### Answer: The major drawback to borrowing to invest (i.e. using leverage) is that your return on investment must be high enough to overcome the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate how much interest I will pay given a creditcard balance and a monthly payment? ### Answer: At the end of each period, add the interest, in this case an easy 1%, and then subtract the payment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I avoid credit card use to improve our debt-to-income ratio? ### Answer: For scoring purposes, having a DTI between 1-19% is ideal. From Credit Karma: That being said, depending on the loan t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I avoid credit card use to improve our debt-to-income ratio? ### Answer: The answer depends on how much you spend every month. The DTI is calculated using the minimum payment on the balance owe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I avoid credit card use to improve our debt-to-income ratio? ### Answer: If you pay it off before the cycle closes it will look like you have 100% available credit. So if you credit card stat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will paying off my car early hinder my ability to build credit? ### Answer: Don't fuss about your credit score when you're paying 9%. Get rid of the loan as fast as you can. Period. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will paying off my car early hinder my ability to build credit? ### Answer: No. Credit scores are primarily built by doing the following: To build credit, get a few major credit cards and a couple of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will paying off my car early hinder my ability to build credit? ### Answer: 1) How long have you had the car? Generally, accounts that last more than a year are kept on your credit report for 7 years...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will paying off my car early hinder my ability to build credit? ### Answer: 12% is ridiculously high and routine for loans with no credit history, esp. from the dealer. I don't think though paying off...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I decide whether do a masters even if I have go into debt after doing it? ### Answer: What should I do? Weigh your options and decide which education investment lines up better with your goals...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I decide whether do a masters even if I have go into debt after doing it? ### Answer: Strictly from an ROI perspective, this is likely very dependent on your field. Some masters degrees (quan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I decide whether do a masters even if I have go into debt after doing it? ### Answer: I did some research and I found a very interesting article that had exactly my case as an example ( person...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need help with the psychology of investing: past failures and future fears ### Answer: You're being too hard on yourself. You've managed to save quite a bit, which is more than most people ever do. Yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need help with the psychology of investing: past failures and future fears ### Answer: I would read any and all of the John Bogle books. Essentially: We know the market will rise and fall. We just ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need help with the psychology of investing: past failures and future fears ### Answer: As an investor you must remember to forgive yourself. However, you must not only forgive but make it up to yourse...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High expense ratio funds - are they worth it? ### Answer: Over the past five years, QFVOX has returned 13.67%, compared to the index fund SPY that has returned 50.39%. SEVAX has lost 23.96%. AKREX has...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High expense ratio funds - are they worth it? ### Answer: In almost every circumstance high expense ratios are a bad idea. I would say every circumstance, but I don't want backlash from anyone. There ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High expense ratio funds - are they worth it? ### Answer: The 10 year comparison between your fund and the S&P 500 - I'd say more, but not sure it's needed. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating Future Value: Initial deposit and recurring deposits of a fixed but different Value ### Answer: But how do I bring the initial deposit into the equation? Basically, you can't. Unless you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating Future Value: Initial deposit and recurring deposits of a fixed but different Value ### Answer: If I is the initial deposit, P the periodic deposit, r the rent per period, n the number of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating Future Value: Initial deposit and recurring deposits of a fixed but different Value ### Answer: Illustrating with a shorter example: Suppose I deposit 1,000 USD. Every year I deposit anot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: It looks to me like this is a 'call an attorney' situation, which is always a good id...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: If you've been paying on the car for three years, it's possible that your credit is i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: You're driving a car worth about $6000 which has a $12,000 loan against it. You're dr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: My grandmother passed away earlier this year. When I got my car 3 years ago, I did no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: I think Joe is right, it seems that you will get the car once grandpa passes. It cle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: I was in a similar situation about a year ago, and the expedient thing to do would be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: The lead story here is you owe $12,000 on a car worth $6000!! That is an appalling s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: My family members, particularly my aunt (his daughter), are telling me that when my g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: Possession is 9/10 of the law, and any agreement between you and your grandfather is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is “folio” an acceptable contraction of “portfolio”? ### Answer: Technically, no. According to the dictionary, a folio is a single sheet, and a portfolio is a folder or case for keeping your folios. ...