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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: Regarding the Summer of 2011 Crisis: There is NO reason that the United States cannot continue borrowing like i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to make a bet that a certain stock will go up in the medium term? ### Answer: Specific stock advice isn't permitted on these boards. I'm discussing the process of a call spread wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to make a bet that a certain stock will go up in the medium term? ### Answer: You could try to refine your options strategy: For instance you could buy the USD 750 call option(s)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to make a bet that a certain stock will go up in the medium term? ### Answer: I think that those options might well be your best bet, given the potential 700% return in one year i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does APR mean I'm paying? ### Answer: Credit Cards typically charge interest on money you borrow from them. They work in one of two ways. Most cards will not charge you any interest if you pay t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does APR mean I'm paying? ### Answer: Welcome to the world of personal finance. IMO, you are heading for trouble. To answer your question, the APR is the annual percentage rate, or what you pay ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does APR mean I'm paying? ### Answer: Banks have to disclose up front the Annual Percentage Rate or interest rate that will be charged if you have an outstanding balance on a credit card. However...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are capitalization rate and net profit margin the same thing? ### Answer: Capitalization rate and "Net Profit margin" are two different things. In Capitalization rate note that we are taking the "tota...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are capitalization rate and net profit margin the same thing? ### Answer: Both of these terms do refer to your profit; they're just different ways of evaluating it. First, your definition of capitaliz...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have a home loan preapproval letter for x, can the seller know this without me explicitely telling them? ### Answer: I will preface saying that I only have personal experience to go on (purchased...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have a home loan preapproval letter for x, can the seller know this without me explicitely telling them? ### Answer: The seller has a legitimate desire to know of your preapproval. I have two cur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unmarried couple buying home, what are the options in our case? ### Answer: You've laid out several workable options. You might try going to mortgage broker and looking at what offers you get each wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unmarried couple buying home, what are the options in our case? ### Answer: Personally I would advise only buying what you can afford without borrowing money, even if it means living in a tent. Financ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unmarried couple buying home, what are the options in our case? ### Answer: You are thinking about this very well. With option one, you need to think about the 5 D's in the contract. What happens wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment in mutual fund in India for long term goals ### Answer: Buy only 'Direct' Plans, not regular. - Demat providers won't sell Direct plans, that you can do it through https://www.mfuindia.com ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment in mutual fund in India for long term goals ### Answer: On reading couple of articles & some research over internet, I got to know about diversified investment where one should invest 70% i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home Renovations are expensive.. Should I only pay cash for them? ### Answer: Is it a safety thing? If the heat pump goes out you replace it immediately, if your floor looks bad but you aren't trippi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home Renovations are expensive.. Should I only pay cash for them? ### Answer: I agree with MrChrister about first considering how necessary the renovations are (is it a nice-to-have, or a need-to-have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home Renovations are expensive.. Should I only pay cash for them? ### Answer: I have a different take on this. If it would only take 3 months to save up to pay for it, line up the work now. Shop with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home Renovations are expensive.. Should I only pay cash for them? ### Answer: It depends on your situation. If your floor is broken, fix it. If you don't have $1,000 on hand, spend appropriately. It s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home Renovations are expensive.. Should I only pay cash for them? ### Answer: I know that both Lowes and Home Depot (in Canada at least) will offer a 6 month deferred interest payment on all purchases...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: I suppose this could really depend on the part of the world you're in, but there are still many instances of "emergencies" th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: You are not wrong - just about anything can be charged and paid off in 30 days with a sale of non-liquid investments. So the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: Weather events and aging infrastructure. Cash will buy gasoline, food and water when there is no power or telephone connecti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: What sort of emergency requires payment up front for which 2-3 days processing of a stock sale would pose a problem? In my ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: I tend to agree that the need for liquidity is overplayed in this day and age. We live in a world of electronic transfers th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: If you engage in any kind of dangerous activity, the training courses will often state that an accident is not the result of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: Emergency funds are defined in terms of months of tightened-belt living -- that's according to the usual gurus such as Suze O...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: Having a highly liquid emergency fund can lubricate the wheels for disaster recovery. For example, several years ago I retur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: First of all, a person that relies on their ability to tap a line of credit to cover an emergency isn't generally the kind of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: This might vary from other answers but I generally prefer to use debt before touching an emergency fund. But one of the reas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: I recently drove past Winslow, Arizona and knocked out the fuel pump in my truck. It cost $500 to repair, and the tow would h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: Visa card expired while on the other side of the world. Visa from other bank declined for suspected fraud. "You should have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: While there have been plenty of good answers I would like to suggest turning it on it's head--the problem is one of perceptio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: Since no one else mentioned it, there are sometimes amazing deals that require being the first person to take advantage of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do banks give us interest even for the money that we only had briefly in our account? ### Answer: It depends on your bank's terms (which may in turn be influenced by laws and regulations), but most ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do banks give us interest even for the money that we only had briefly in our account? ### Answer: Ditto @MichaelBorgwardt Just to get concrete: I just checked one bank in India and they say they are p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do banks give us interest even for the money that we only had briefly in our account? ### Answer: As mentioned in other answers the interest you make is negligible and the calculations would depend on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do banks give us interest even for the money that we only had briefly in our account? ### Answer: The other answers demonstrate that you'll receive a paltry amount of money in two days, by comparing t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double-entry accounting: how to keep track of mortgage installments as expenses? ### Answer: Understandably, it appears as if one must construct the flows oneself because of the work involved to inclu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double-entry accounting: how to keep track of mortgage installments as expenses? ### Answer: If your mortgage is an interest only one then the full amount of the payment you make should be to an expen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double-entry accounting: how to keep track of mortgage installments as expenses? ### Answer: The best thing for you to do will be to start using the Cash Flow report instead of the Income and Expense ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double-entry accounting: how to keep track of mortgage installments as expenses? ### Answer: Because a paying down a liability and thus gaining asset equity is not technically an expense, GnuCash will...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: By paying the $11,000 into the 2.54% loan you will save $23.30 in interest every month. By paying the $11,000 into the 3.6...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: See many past answers: you will usually save the most money by paying off the highest-intetest-rate loan first. (Remember ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: This is more of an interesting question then it looks on first sight. In the USA there are some tax reliefs for mortgage p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: This is a very complicated thing to try to do. There are many variables, and some will come down to personal taste and buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Wow, you guys get really cheap finance. here a mortage is 5.5 - 9% and car loans about 15 - 20%. Anyway back to the questi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Your goal of wanting to eliminate your debts early is great. Generally, you can save more money by paying off loans with h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: This is a case where human nature and arithmetic lead to different results. Depending on the your income, the effective in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Allen, welcome to Money.SE. You've stumbled into the issue of Debt Snowball, which is the "low balance" method of paying o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Use the $11k to pay down either car loan (your choice). You should be able to clear one loan very quickly after that lump ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Aside from the calculations of "how much you save through reducing interest", you have two different types of loan here. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: While, from a money-saving standpoint, the obviously-right course of action is to make only the minimum payment on the 0% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: At the moment, you are paying about $1,300 interest each month (£431k @ 3.625% / 12) on your mortgage and repaying capital...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Keep in mind that by fully paying off one of your loans, you will reduce your minimum repayments. This will make you feel ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pros and cons of buying an item on installments with zero percent interest? ### Answer: If (and only if) there is a zero interest installment plan available, technically the only uncontro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pros and cons of buying an item on installments with zero percent interest? ### Answer: One small advantage to paying ahead is having an outstanding installment plan may preclude unlockin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pros and cons of buying an item on installments with zero percent interest? ### Answer: I personally take the zero percent financing plans any day. I have done this with my car and the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I put on a house? ### Answer: Before doing anything else: you want a lawyer involved right from the beginning, to make sure that something reasonable happens with the house if on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I put on a house? ### Answer: I Usually would not say this but if you can just put down 20% I would do that and get a 15 year mortgage. The rates are so low on 15 year mortgage ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interest charges on balance transfer when purchases are involved ### Answer: Its called a "Grace Period" and you are not paying interest on the 0% BT, you are paying interest on the amount you spent i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interest charges on balance transfer when purchases are involved ### Answer: The 'common sense' in it is that they want the maximum money from you while still suggesting to a quick read that you get a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I always pay my credit at the last day possible to maximize my savings interest? ### Answer: If you have the ability to pay online with a guaranteed date for the transaction, go for it. My bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I always pay my credit at the last day possible to maximize my savings interest? ### Answer: To avoid nitpicks, i state up front that this answer is applicable to the US; Europeans, Asians, Can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I always pay my credit at the last day possible to maximize my savings interest? ### Answer: Mostly ditto to Dillip Sarwate. Let me just add: I don't know how you're making your payments, wheth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to build a U.S. credit history as a worker on a visa? ### Answer: Credit is important for many reasons. Establishing credit is an important step and should be no challenge for someone who already ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to build a U.S. credit history as a worker on a visa? ### Answer: When you start living in US, it doesn't actually matter what was your Credit history in another country. Your Credit History in US...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to build a U.S. credit history as a worker on a visa? ### Answer: In the US, money talks and bullshit walks. You can skip any credit history requirement if you demonstrate your ability to pay in a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing keeping old car vs. a new car lease ### Answer: Look at the basic cost of the lease. Option 1: keep the car for three years. Pay for repairs during that time then sell it for $7,000. Option...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing keeping old car vs. a new car lease ### Answer: Regarding the opportunity cost comparison, consider the following two scenarios assuming a three-year lease: Option A: Keep your current car f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm about to be offered equity by my employer. What should I expect? ### Answer: In my experience, any kind of equity you may be offered by the company is just a carrot. Your offer may be written in s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm about to be offered equity by my employer. What should I expect? ### Answer: Yes, what they said. You don't mention where you are on the totem pole. Are you reporting to the top dog, or are you 3 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm about to be offered equity by my employer. What should I expect? ### Answer: The main thing is the percentage of the company represented by the shares. Number of shares is meaningless without tota...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean that stocks are “memoryless”? ### Answer: It reminds me of the Efficient Market Hypothesis, except that just states in its weakest form that the current market price accounts for all...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean that stocks are “memoryless”? ### Answer: I think that "memoryless" in this context of a given stock's performance is not a term of art. IMO, it's an anecdotal concept or cliche used...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean that stocks are “memoryless”? ### Answer: This is an interesting question that may actually be better suited to Quant.SE. First of all, stock prices are random variables, or, to be m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean that stocks are “memoryless”? ### Answer: With my current, limited knowledge (see end), I understand it the following way: Are share prices really described as "memoryless"? Yes. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean that stocks are “memoryless”? ### Answer: @jidugger mostly got it right. It basically mean that past performance of a stock, or a basket of stocks, are not at all useful when trying ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean that stocks are “memoryless”? ### Answer: It means price movements in the past do not affect price movements in the future. Think of the situation of a coin, if you flip it once, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Building financial independence ### Answer: While I can appreciate you're coming from a strongly held philosophy, I disagree strongly with it. I do not have any 401k or IRA I don't like that you need...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Building financial independence ### Answer: For a young person with good income, 50k sitting in a savings account earning nothing is really bad. You're losing money because of inflation, and losing on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Building financial independence ### Answer: Another bit of advice specific to your scenario. Consider buying an ALMOST new car. Buying last year's model can knock a huge amount off the price and the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Building financial independence ### Answer: It's important to have both long term goals and milestones along the way. In an article I wrote about saving 15% of one's income, I offered the following ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sanity check on choosing the term for a mortgage refinance ### Answer: One thing you didn't mention is whether the 401(k) offers a match. If it does, this is a slam-dunk. The $303 ($303, right?) is $3...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sanity check on choosing the term for a mortgage refinance ### Answer: If the best they can do is 1/8th of a percent for a 15 year term, you are best served by taking the 30 year term. Pay it down soo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sanity check on choosing the term for a mortgage refinance ### Answer: Have you looked at conventional financing rather than VA? VA loans are not a great deal. Conventional tends to be the best, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sanity check on choosing the term for a mortgage refinance ### Answer: So I will attempt to answer the other half of the question since people have given good feedback on the mortgage costs of your va...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate average drawdown of a trading system? ### Answer: First of all, I think I'll clear off some confusion in the topic. The Sterling Ratio is a very simple investment portfolio measuremen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term investment for money ### Answer: I'd open the Roth IRA account and fund for 2015 and 2016. For the very long term, I'd learn about index funds, specifically a low cost S&P mutual fund or ETF...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term investment for money ### Answer: I know of no way to answer your question without 'spamming' a particular investment. First off, if you are a USA citizen, max out your 401-K. Whatever your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term investment for money ### Answer: What explains the most of the future returns of a portfolio is the allocation between asset classes. In the long term, stock investments are almost certain t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term investment for money ### Answer: Say you have $15,000 of capital to invest. You want to put the majority of your capital into low risk investments that will yield positive gains over the cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term investment for money ### Answer: I recommend you two things: I like these investments because they are not high risk. I hope this helps. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to establish credit history for international student ### Answer: I would like to establish credit history - have heard it's useful to gain employment and makes it easy to rent an apartment? Hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to establish credit history for international student ### Answer: I would like to post a followup after almost a quarter. littleadv's advice was very good, and in retrospect exactly what I should...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to establish credit history for international student ### Answer: I think you should try to talk with the credit union at your campus first, they may have offer you a credit card even you don't h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to establish credit history for international student ### Answer: I came to US as an international student several years ago, and I have also experienced the same situation like most of the inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to establish credit history for international student ### Answer: There's an excellent new service called SelfScore that offers US credit cards to international students. They work with students ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fees aside, what factors could account for performance differences between U.S. large-cap index ETFs? ### Answer: The "ideal world" index fund of any asset class is a perfect percentage holding of all...