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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401k Rollover - on my own or through my financial advisor? ### Answer: I thought the Finance Buff made a pretty solid argument for a financial advisor the other day: http://thefinancebuff.com/the-aver...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What factors of a stock help determine its potential ### Answer: Knowing the answer to this question is generally not as useful as it may seem. The stock's current price is the consensus of thousand...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often do typical investors really lose money? ### Answer: So how often do investors really lose money? The short answer is, every day. Let's first examine your assumptions: If the price of the sha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often do typical investors really lose money? ### Answer: How often do investors really lose money? All the time. And it's almost always reason number 1. Let's start with the beginner investor, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often do typical investors really lose money? ### Answer: The earlier answers answered the question on how a more practical trader can lose money. Here I'd like to mention some obtuse ways Using ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often do typical investors really lose money? ### Answer: I'll just add this: In the best hedge funds and proprietary trading funds, stock selection is approached very scientifically in order to m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often do typical investors really lose money? ### Answer: Trading is NOT zero-sum game, it is negative sum actually. In fact all people's money is getting swept by commissions and fees. If you don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are mortgage payments decided? [duplicate] ### Answer: It's easiest to get your payment from the PMT function in Excel or Google Sheets. So a $100,000 30 year mortgage at 3% looks like this: The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are mortgage payments decided? [duplicate] ### Answer: It's so that your total mortgage payment stays the same every month. Obviously, the interest due each month decreases over time, as part of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are mortgage payments decided? [duplicate] ### Answer: It has nothing to do with forcing people to pay off their debt; in that case it would make better sense to have people pay off debt rather th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Impact on Credit Worthiness (Getting A Loan with a Co-signer vs without) ### Answer: It doesn't matter to the credit agencies if there is a co-signer or not. However, your family member will need to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can Warren Buffet's method be distilled into basic steps? ### Answer: Warren Buffet isn't using any special sauce. He looks for value and ignores hype, greed, and fear. He buys what he knows and looks...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the true value, i.e. advantages or benefits, of building up equity in your home? ### Answer: Taking out your equity when refinancing means that you take out a new loan for the full value of yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the true value, i.e. advantages or benefits, of building up equity in your home? ### Answer: A person can finance housing expenses in one of two ways. You can pay rent to a landlord. Or you ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the true value, i.e. advantages or benefits, of building up equity in your home? ### Answer: The equity you have is an asset. Locked away until you sell, and sometimes pledged as a loan if you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interactive Brokers Margin Accounts ### Answer: Scenario 1 - When you sell the shares in a margin account, you will see your buying power go up, but your "amount available to withdraw" stays the same ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interactive Brokers Margin Accounts ### Answer: You have to call Interactive Brokers for this. This is what you should do, they might even have a web chat. These are very broker specific idiosyncrasie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to get a “rough” home appraisal prior to starting the refinance process? ### Answer: It's extremely easy to get a rough valuation of your home. Just phone a real estate agent. Vir...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to get a “rough” home appraisal prior to starting the refinance process? ### Answer: I see your remarks regarding Zillow, but would add a question. Why not look only for recent sa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to get a “rough” home appraisal prior to starting the refinance process? ### Answer: If you're willing to pay a fee, you can probably just get a commercial appraiser to give you a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does it make sense for the money paid for equity to go to the corporation? ### Answer: BigCo is selling new shares and receives the money from Venturo. If Venturo is offering $250k for 25% of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does it make sense for the money paid for equity to go to the corporation? ### Answer: The check is written to BigCo. Jack is being diluted, corporation issues more shares. There's no gain, no ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does it make sense for the money paid for equity to go to the corporation? ### Answer: If Jack owns all of the one million founding shares (which I assume you meant), and wants to transfer 250,00...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does it make sense for the money paid for equity to go to the corporation? ### Answer: If the check is written as a check to BigCo, it is less clear how Jack can compensate himself for the equity...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 4 months into a 30 month car loan, need new engine, can't sell any body parts ### Answer: Without knowing the details of your financial situation, I can only offer general advice. It might be worth h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any difference between buying a few shares of expensive stock or a bunch of cheap stock ### Answer: There is no difference between more shares of a relatively cheaper stock and less shares of a relati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any difference between buying a few shares of expensive stock or a bunch of cheap stock ### Answer: Unless your brokerage will sell you fractional shares, the most obvious difference (without us knowi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any difference between buying a few shares of expensive stock or a bunch of cheap stock ### Answer: You are correct in thinking actual number of shares do not matter, the value is the value. However...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any difference between buying a few shares of expensive stock or a bunch of cheap stock ### Answer: Open Google finance and divide the Market Capitalization by the total price. That will give you the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any difference between buying a few shares of expensive stock or a bunch of cheap stock ### Answer: I was thinking that the value of the stock is the value of the stock...the actual number of shares r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I invest in the USA or EU from an Asian 3rd-world country, over the Internet? ### Answer: Absolutely. It does highly depend on your country, as US brokerages are stricter with or even closed to r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would every FX currency pair or public stock that is under the 30 level using Relative Strength Index (RSI) be an undervalued pair? ### Answer: No, and using a 37 year old formula in finance that is a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would every FX currency pair or public stock that is under the 30 level using Relative Strength Index (RSI) be an undervalued pair? ### Answer: No. The long-term valuation of currencies has to do with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a budget comprise expenses, and/or revenue? ### Answer: Budget means both expenses and revenue. In quite a few cases, say personal finance, typically one refers to budget more from expenses point...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal Loan: How to define loan purpose ### Answer: Does that justify the purpose? That is for individual Banks to decide. No bank would pay for daily expenditure if you are saying primary salary yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal Loan: How to define loan purpose ### Answer: I would imagine that it goes beyond purpose and also addresses the demographic as a poor credit risk. Those seeking a post secondary education are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a debit card that earns miles (1 mile per $1 spent) and doesn't have an annual fee? ### Answer: I don't know of any that are comparable to credit cards. There's a reason for that. Debit cards...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a debit card that earns miles (1 mile per $1 spent) and doesn't have an annual fee? ### Answer: I have an American Airlines VISA with miles that has no annual fee, but only because I request ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When shorting a stock, do you pay current market price or the best (lowest) available ask price? ### Answer: When you want to short a stock, you are trying to sell shares (that you are borrowing from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When shorting a stock, do you pay current market price or the best (lowest) available ask price? ### Answer: In terms of pricing the asset, this functions in exactly the same way as a regular sell, so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When shorting a stock, do you pay current market price or the best (lowest) available ask price? ### Answer: I would never use a market order. Some brokerages have an approval process your short-sale...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does settlement of second mortgage count as short sale? ### Answer: No that will not count as a short sale although it may still affect your chances of getting a loan because some lenders wont want to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit cards in one lump sum, or spread over a few months? ### Answer: Should I allow the credit cards to be paid out of escrow in one lump sum? Or should I take the cash and pay the cards d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit cards in one lump sum, or spread over a few months? ### Answer: Pay them off immediately. But, as I note in my article Too Little Debt?, a zero utilization is actually a negative hit. S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit cards in one lump sum, or spread over a few months? ### Answer: I have heard that it is better for your credit score to pay them down over time. Will it make much of a difference? I hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit cards in one lump sum, or spread over a few months? ### Answer: it is better for your credit score to pay them down over time. This is a myth. Will it make much of a difference? You are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit cards in one lump sum, or spread over a few months? ### Answer: I know you say you are aware of secured and unsecured debt and you've made your decision. Did you do the numbers? You w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Empirical performance data of ETFs and Mutual Funds tracking identical Indexes? ### Answer: Why don't you look at the actual funds and etfs in question rather than seeking a general conclusion about a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save on closing costs when buying a home? ### Answer: For example: do I need a realtor, or can I do their job myself? In general in the United States the real estate agent fee is paid by the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save on closing costs when buying a home? ### Answer: According to Realtor.com, there are a variety of options to save on closing costs: A general Google search on "how to reduce closing co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save on closing costs when buying a home? ### Answer: As a buyer, one of the easiest ways to save on closing costs is to avoid title insurance. This will only apply if you are a cash buyer,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save on closing costs when buying a home? ### Answer: Good answers here. I would like to add one more (less obvious) way to save - look for houses that are For Sale By Owner (FSBO). Owner's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save on closing costs when buying a home? ### Answer: Do I need to pay for an inspection, or am I likely to save enough money from skipping it to cover potential problems that they would hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save on closing costs when buying a home? ### Answer: Mostly ditto Pete B's answer. There's little you can do about closing costs. Some closing costs are government fees. There's nothing you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: This tale makes me sad the more I learn of it. I am impressed with your dedication and caring for your ex-wife and par...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: She can find a landlord that doesn't do credit checks. Maybe on Craigslist? She may end up paying more, have a bigger...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: Having been recently evicted she is unlikely to find any one willing to rent to her at anything close to reasonable ter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: I saw where you said "I thought of co-signing is if a portion of child/spousal support goes directly to the landlord. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: I don't think you've mentioned which State you're in. Here in Ontario, a person who is financially incapable can have t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: Explain the situation to a landlord and offer to prepay a few months of rent in advance as a guarantee. This may or ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: Here's some ideas: Hope that helps. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would happen if I were to lose all equity in my condo when it's time to renew the mortgage? ### Answer: It doesn't matter. You will just renew your mortgage at the prevailing rates. That's part...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Quantiative Easing fuels stock markets, but why? ### Answer: There's a premium or discount for various stocks subject to influence by the alternatives available to investors, meaning investments are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: FX losses on non-UK mortgage for UK property - tax deductable? ### Answer: I spoke to HMRC and they said #1 is not allowable but #2 is. They suggested using either their published exchange rates or I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid off oldest CC keep it open or close it? ### Answer: Close the account. The age doesn't outweigh the fact that you have to pay for the card. It would be one thing if the credit line was a couple...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid off oldest CC keep it open or close it? ### Answer: First off, congratulations on taking care of your finances and paying off your cards! Takes a lot of discipline. If your next oldest card is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take out a loan vs pay off with mother's help? ### Answer: Is it a gift or a loan? Either way, ask the same lawyer who will do the closing to record a mortgage on the property, your mother ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay down the student loan, or buy the car with cash? ### Answer: Here's another way to look at this that might make the decision easier: Looking at it this way you can turn this into a financial arbit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay down the student loan, or buy the car with cash? ### Answer: To directly answer your question, the best choice is to pay cash and place the rest on your student loan. This is saving you from payin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: F-1 Visa expired - Unable to repay private student loan. What to do? ### Answer: I would contact your loan servicing company explain the situation and see if you can renegotiate terms. They may be abl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: F-1 Visa expired - Unable to repay private student loan. What to do? ### Answer: As an international student, the tuition is sky high. Typically, most students take loans for Education and start payin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to measure systematic risk of a stock? ### Answer: Beta is the correct answer. It is THE measure of the risk relationship of a stock with the broad market. R squared is incorrect unless you mean ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Americans still need extra health care / medical insurance after reform to health care? [U.S.] ### Answer: I think it is too early to tell. They changed so many variables in an incredibly complex s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off student loan or using that money for a downpayment on a house ### Answer: Two years ago, I wrote an article titled Student Loans and Your First Mortgage in response to this exact question p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off student loan or using that money for a downpayment on a house ### Answer: I think there are two questions here: (a) Is it better to continue living with your parents while you save up for a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off student loan or using that money for a downpayment on a house ### Answer: Yes, one is certainly better than the other. Which one depends on your priorities and the interest and tax rates on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deceived by car salesman ### Answer: The only thing that is important here is the documentation you and your daughter signed. If that documentation states that you were a co-signer and that your daugh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deceived by car salesman ### Answer: At this point there is not much you can do. The documentation probably points to you being the sole owner and signer on the loan. Then, any civil suit will degen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home loan: loss payable clause in favor of lender for home insurance? ### Answer: Why doesn't it seem right to you? The lender financed the house and has the first right claim (mortgage) on it, so if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home loan: loss payable clause in favor of lender for home insurance? ### Answer: Here's a good rule of thumb. In any situation where you are required to purchase insurance (Auto Liability, Property M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do I find the exercise price and date for warrants? ### Answer: I agree that a random page on the internet is not always a good source, but at the same time I will use Google or Yahoo Finance to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you calculate return on investment for a share of stock? ### Answer: To figure this out, you need to know the price per share then vs the price per share now. Google Finance will show you hist...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Capital gains loss, can IRS waive the loss? ### Answer: The cap loss can be used to offset future gains or $3000/yr of ordinary income. (I just used up the last of mine from the dot com bubble.) I hop...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you use an IFA for choosing a pension fund ### Answer: Why would anyone listen to someone else's advice? Because they believe that the person advising them knows better than they do. It's as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a US bank prevent you from making early payments to the principal on a home mortgage? ### Answer: Are there any known laws explicitly allowing or preventing this behavior? It's not the laws, it'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a US bank prevent you from making early payments to the principal on a home mortgage? ### Answer: littleadv's first comment - check the note - is really the answer. But your issue is twofold - Ev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a US bank prevent you from making early payments to the principal on a home mortgage? ### Answer: Some lenders want to discourage the borrower from making these additional payments because they wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a US bank prevent you from making early payments to the principal on a home mortgage? ### Answer: Many mortgages penalize early payment, and I assume it's possible to disallow it altogether. It ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do they call them “financial products”? ### Answer: They are called "financial products" because they are contracts that are "produced" by the financial industry. For example, you could also say t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cost basis allocation question: GM bonds conversion to stock & warrants ### Answer: This is a bit complicated because of all the moving parts, but is a little simpler because the two warrants are now ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cost basis allocation question: GM bonds conversion to stock & warrants ### Answer: I found additional evidence on TDAmeritrade's website that helps confirm that the 3/17/11 prices Jason found are the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cost basis allocation question: GM bonds conversion to stock & warrants ### Answer: Because the distribution date was APR 21, 2011, THAT should be the correct date for ascertainng the stock prices of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cost basis allocation question: GM bonds conversion to stock & warrants ### Answer: Your final tax basis could not be determined until June 14, 2012, the first day of separate trading of all four secu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate money needed for bills, by day ### Answer: I think you might benefit from adopting a zero-sum budget, in which you plan where each dollar will be spent ahead of time, rather than simp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate money needed for bills, by day ### Answer: If I understand you right, what you need is the minimum amount in the account until your next deposit. So for example, if today is the 10th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate money needed for bills, by day ### Answer: Trying to figure out how much money you have available each day sounds like you're making this more complicated than it needs to be. Unless ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should an IRA be disclaimed to allow it to be distributed according to a will? ### Answer: There are two different possible taxes based on various scenarios proposed by the OP or the lawyer who drew u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should an IRA be disclaimed to allow it to be distributed according to a will? ### Answer: She is very wrong. If the IRA is a traditional, i.e. A pretax IRA (not a Roth), all withdrawals are subject ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lowest Interest Options for Short-Term Loan ### Answer: Also talk to your bank(s) or credit union(s); first one of mine I looked at offers an unsecured loan at 7% variable, and a signature loan at 7.5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I be liable for taxes if I work for my co. in India for 3 months while I am with my husband in UK ### Answer: The key factors here are You will need to pay tax in the UK only if you live more th...