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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 finance team from your company should be able to advise you. From what I understa...
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: Generally all the countries have similar arrangement regarding Income Tax, if you liv...
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: For information about the UK situation, check the government website at http://www.h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: Generally, a polite decline. However, I have dealt with sales people who take first refusal as a "test" re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: IMO it's usually not worth it and here's why. There's a statistical distribution of how likely a unit may ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: On most of the consumer electronics it would not make much sense to get Insurance. Mostly these are not pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: I politely decline. Insurance is there to protect me against catastrophic financial loss (huge medical bil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: I decline politely. The cost of the insurance policy has two components: The actual cost of a likely rep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: Most of the consumer products that you buy at retail these days are commodity priced, and have been for a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: I usually say "no thank you", but if the salesperson gets pushy I say "if I need insurance, I guess I won'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: One important issue that has yet to be covered is the cost (to you) in terms of paperwork, lost time, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: If the car is in otherwise good shape, it's always less expensive to keep it longer. Think of it this way: you have to buy new...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: I don't see how anyone could give you a hard-and-fast formula, unless they know where to get some applicable statistics. Becau...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: I tend to agree with Rocky's answer. However it sounds like you want to look at this from the numbers side of things. So let...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: It depends how detailed you want to get in your calculation, but fundamentally, 1K < 25K. On a very basic level, divide the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: Would you buy this used car, in its current condition but with new tires, for the price of the tires? If so, buy the tires. ##...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: New tires will increase the resale value of the car; while not by the full cost of the tires, it will not be entirely a sunk c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: There are a few factors I like to consider when I'm reasoning financially over my households cars. How many KMs will the car t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: If You use the car regulary, I don't think that driving on the bald tires for 3 years is a reasonable option. Have You conside...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for retired couple ### Answer: The safest investment in the United States is Treasures. The Federal Reserve just increased the short term rate for the first time in about seven yea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for retired couple ### Answer: You need to have them consult with a financial adviser that has a focus on issues for seniors. This is because they are beyond the saving for retirem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for retired couple ### Answer: After retirement nobody want to get low on cash. So, the best way to stay safe is to make some investments. Compare the saving with regular expenses ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating required rate of return for an income-generating savings account ### Answer: Line one shows your 1M, a return with a given rate, and year end withdrawal starting at 25,000. So Line 2 star...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can i short securities in a normal(non-margin) account ### Answer: The broker will charge borrowing fees and sometimes a charge called "hard-to-borrow fee". Other than that you will earn interest on t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can i short securities in a normal(non-margin) account ### Answer: Exact rules may be different depending on the size of the investor, the specific broker, and the country. For both the US and Canada...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone recommend a book that discusses the differences between types of financial statements? ### Answer: I would recommend "How to Read a Financial Report : For Managers, Entrepreneurs, Lenders,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone recommend a book that discusses the differences between types of financial statements? ### Answer: Why Stocks go up and Down by William H Pike is a great source if you are looking to inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Life insurance policy ### Answer: From the details you have given it looks like you have "Unit Linked" insurance policy. In such policies a part of the premium goes towards the "Insurance", the balanc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Life insurance policy ### Answer: First off, I would question why do you need a LI policy? While you may be single are you supporting anyone? If not, and you have some money saved to cover a funeral...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Life insurance policy ### Answer: I would like to add to the answer provided by Dheer. I think under some ULIPs you need not pay premium after 3 years and you can take the money back after 5 years (so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happen in this selling call option scenario ### Answer: But what happen if the stock price went high and then go down near expiry date? When you hold a short (sold) call option position that has ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any disadvantages to DHA Investment Properties? ### Answer: A quick online search for "disadvantages of defence housing australia investment properties" turns up a several articles that list...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any disadvantages to DHA Investment Properties? ### Answer: I think the strongest reason against DHA purchases (I don't consider them investments) is points 3 and 5 mentioned above. The resa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any disadvantages to DHA Investment Properties? ### Answer: Along with the above reasons, the fact that DHA are under investigation by the Federal Police, should be a red flag to any potenti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any disadvantages to DHA Investment Properties? ### Answer: Well, I am an investor/ Lessor under DHA properties. Oflate, DHA lost it identity as a Govt agency and try to imitate a worst (not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why have candlestick charts overlaps? ### Answer: Remember that prices refer to discrete events in the market - trades - it is easily possible that the highest price for a trade in the next period is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why have candlestick charts overlaps? ### Answer: The market is simply gapping at these times, some news may have come out that makes the market gap on the open from its previous close. Being FX, the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get a down payment for your next home? Use current home as the down payment on the new one? ### Answer: This is of course a perfectly normal thing to happen. People trade up to a bigger house ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get a down payment for your next home? Use current home as the down payment on the new one? ### Answer: What you're looking at is something called "Bridge-Financing". Essentially, it allows y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get a down payment for your next home? Use current home as the down payment on the new one? ### Answer: I know you've clarified that you're in the US, but in case anyone else comes across this...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should retirement fund be equal to amount of money needed for financial independence? ### Answer: It depends what you mean. Finance Independence and Retirement Early (FI/RE) are two overlapping ideas....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should retirement fund be equal to amount of money needed for financial independence? ### Answer: I want to know ideally how much should a person save for retirement funds? A person should save enou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I put more money down on one property and pay it off sooner or hold on to the cash? ### Answer: I'm a little confused on the use of the property today. Is this place going to be a personal res...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I put more money down on one property and pay it off sooner or hold on to the cash? ### Answer: I'd suggest taking all the money you have saved up and putting in a mutual fund and hold off on b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I put more money down on one property and pay it off sooner or hold on to the cash? ### Answer: I would go with the 2nd option (put down as little as possible) with a small caveat: avoid the mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I put more money down on one property and pay it off sooner or hold on to the cash? ### Answer: My figuring (and I'm not an expert here, but I think this is basic math) is: Let's say you had a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I put more money down on one property and pay it off sooner or hold on to the cash? ### Answer: I would go with option B. That is safer, as it would leave you with more options, in case of an u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why YTM is higher than current yield in discount bond ### Answer: Say you buy a bond that currently costs $950, and matures in one year, at $1000 face value. It has one coupon ($50 interest payment) l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate Future Value with Recurring Deposits ### Answer: Using the following values: The formula for the future value of an annuity due is d*(((1 + i)^t - 1)/i)*(1 + i) See Calculating The Present A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate Future Value with Recurring Deposits ### Answer: Let's break this into two parts, the future value of the initial deposit, and the future value of the payments: D(1 + i)n For the future valu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a put seller closes early, what happens to the buyer? ### Answer: The original option writer (seller) can close his short position in the contracts he wrote by purchasing back matching contracts (i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a put seller closes early, what happens to the buyer? ### Answer: You're assuming options traded on the open market. To close open positions, a seller buys them back on the open market. If there's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a put seller closes early, what happens to the buyer? ### Answer: An option is freely tradable, and all options (of the same kind) are equal. If your position is 0 and you sell 1 option, your new p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Investments by Bodie just an expanded version of Essentials of Investments? ### Answer: Reading the descriptions on Amazon.com it appears Investments is a graduate text and Elements of Investments ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Investments by Bodie just an expanded version of Essentials of Investments? ### Answer: They are actually both undergraduate texts; however, Investments is FAR more complex. Essentials of Investm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What headaches will I have switching from Quicken to GnuCash? ### Answer: I have not used Quicken; I've used GnuCash exclusively. It feels a bit rough with the UI: Balancing that, the data is stored ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What headaches will I have switching from Quicken to GnuCash? ### Answer: The best way to answer this question is to try. GnuCash is free, so setting it up and giving it a go shouldn't be too hard. Af...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What headaches will I have switching from Quicken to GnuCash? ### Answer: It's been a long time since I've used MS Money and/or Quickbooks (never Quicken), but I've used GnuCash over the past year or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What headaches will I have switching from Quicken to GnuCash? ### Answer: Instead of gnucash i suggest you to use kmymoney. It's easier ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: This has a straightforward answer. It's likely that your doctor and the hospital have no responsibility to ensure that y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: I work for a health billing company. It is completely the provider's responsibility to bill your health insurance in a t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: I was in a similar situation years back and I refused to pay the bill. My point of view was that I provided the hospital...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: The hospital likely has a contract with your insurance company which makes them obligated to bill the insurance before b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: That is your bill because the services were performed for you. You still can negotiate with the doctor however. Sugge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: I had a similar issue take place at a hospital when the repeatedly billed the "wrong me" -- a stale insurance record lef...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: Here's my thought - call the insurance company back. Ask them to just tell you what the "reasonable and customary" appro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: If you read all that paperwork they made you fill out at the emergency room, there is probably something in there explic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: Excellent answers so far, so I will just add one additional consideration: liquidity. Money invested in a mutual fund (exclusive o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: Naturally the advice from JoeTaxpayer and dsimcha is correct, every situation is different. I will get reckless, go nuts and make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: I was going to ask, "Do you feel lucky, punk?" but then it occurred to me that the film this quote came from, Dirty Harry, starrin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: I wouldn't pay down your mortgage faster until you have a huge emergency fund. Like two years' worth of expenses. Once you put e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: Paying off the debt is low-risk, low-reward. You're effectively guaranteed a 4% return. If you buy a mutual fund, you're going t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: Other answers are already very good, but I'd like to add one step before taking the advice of the other answers... If you still ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: The mathematically correct answer is to invest, because you'll get a higher rate of return. I think that answer is bunk -- owning ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: I'm probably going to get a bunch of downvotes for this, but here's my not-very-popular point of view: I think many times we tend ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate the dwelling coverage I need from the information I have? ### Answer: This is where an insurance agent is very useful. They will help you choose appropriate coverage, based on local...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate the dwelling coverage I need from the information I have? ### Answer: Never take the first quote. Consider what it would really cost to replace the house -- to rebuild and pay for l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate the dwelling coverage I need from the information I have? ### Answer: You can't compare the different quotes unless they have the same numbers to work with. The big companies should...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Analyst estimates for an insurance company ### Answer: Something to consider is how broad is Yahoo! Finance taking in their data for making some comparisons. For example, did you look at the other co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are options created? ### Answer: The main reason is that you move from the linear payoff structure to a non-linear one. This is called convexity in finance. With options you can design a payoff st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are options created? ### Answer: Do you need to buy car insurance? If you do, you are buying to open a put option. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are options created? ### Answer: At my soon to be legendary Stock Options Cafe, I recently wrote an article "Betting On Apple at 9 to 2." It described a trade in which a 35% move in a stock over ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are options created? ### Answer: In general economic theory, there are always two markets created based on a need for a good; a spot market (where people who need something now can go outbid other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a House and Taking Part of 20% to move initial payment date forward ### Answer: In the prior PMI discussions here, it's been stated that the bank is not obligated to remove PMI until the mortga...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if one brings more than 10,000 USD with them into the US? ### Answer: The US Customs and Border Protection website states that there is no limit to the amount of currency that can be brou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if one brings more than 10,000 USD with them into the US? ### Answer: Since all the other answers thus far seem to downplay the risk (likelihood) of the money being seized, I figure I may...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if one brings more than 10,000 USD with them into the US? ### Answer: The $10,000 mark is not a ceiling in importing cash, but rather a point where an additional declaration needs to be m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if one brings more than 10,000 USD with them into the US? ### Answer: Once you declare the amount, the CBP officials will ask you the source and purpose of funds. You must be able to demo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if one brings more than 10,000 USD with them into the US? ### Answer: Bad plan. This seems like a recipe for having your money taken away from you by CBP. Let me explain the biases which...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are long-term bonds risky assets? ### Answer: Bonds have multiple points of risk: This is part of the time value of money chapter in any finance course. Disclaimer - Duff's answer popped up as I was ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are long-term bonds risky assets? ### Answer: In the quoted passage, the bonds are "risky" because you CAN lose money. Money markets can be insured by the FDIC, and thus are without risk in many insta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are long-term bonds risky assets? ### Answer: AAA bonds are safe, as far as the principal goes. If you buy long term bonds today (at very low rates) and the interest rate goes up to 10% in 5 years, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are long-term bonds risky assets? ### Answer: In truth there is no such thing as a risk-free asset. That is why your textbook feels the need to add the qualifier "for practical purposes," meaning tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are long-term bonds risky assets? ### Answer: Long-term bonds -- any bonds, really -- can be risky for two main reasons: return on principal, or return of principal. The former is a problem if inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a discount on merchandise by paying with cash instead of credit? ### Answer: I bought a car a few years ago. The salesman had the order, I knew the car I wanted and we had a price agreed on....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a discount on merchandise by paying with cash instead of credit? ### Answer: Cash is very effective at getting a discount when buying from individuals (craigslist, garage sales, estate sales...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a discount on merchandise by paying with cash instead of credit? ### Answer: There are two fundamentally different reasons merchants will give cash discounts. One is that they will not have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a discount on merchandise by paying with cash instead of credit? ### Answer: Slightly off topic... Not merchandise, but I paid for various doctor's appointments with cash (as opposed to payi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could USA defaulting on its public debt influence the stock/bond market? ### Answer: This is a speculative question and there's no "correct" answer, but there are definitely some highly likely out...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could USA defaulting on its public debt influence the stock/bond market? ### Answer: The default scenario that we're talking about in the Summer of 2011 is a discretionary situation where the gove...