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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what are the downsides of rolling credit card debt in this fashion ### Answer: Assuming you can get keep getting credit cards like this forever, you open yourself up to risk in short term losses. Stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what are the downsides of rolling credit card debt in this fashion ### Answer: Awesome, you are a math guy. Very good for you. In theory, what you are proposing, should work out great as the math wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a car loan, how much should I get preapproved for? ### Answer: —they will pull your credit report and perform a "hard inquiry" on your file. This means the inquiry will be noted in your credit rep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 0% APR first 12 months on new credit card. Can I exceed that 30% rule of thumb and not hurt my credit score? ### Answer: Your utilization ratio history is irrelevant to its impact on your credit score...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 0% APR first 12 months on new credit card. Can I exceed that 30% rule of thumb and not hurt my credit score? ### Answer: I cannot stress this enough, so I'll just repeat it: Don't plan your finances ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to borrow money between college graduation and employment? ### Answer: You have a few options, none of which are trade off free: Apply for a credit card, and live off of that. Here, of course,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to borrow money between college graduation and employment? ### Answer: You have asked about getting a loan, the issue is that you don't have collateral to offer up in exchange for the loan, you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can mortgage insurance replace PMI? ### Answer: PMI IS Mortgage insurance. It stands for "Private Mortgage Insurance". This guy is just trying to get you to buy it from him instead of whoever you have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Timing between loans and applying for a new credit card ### Answer: There were several areas where the mortgage and car loan have affected your credit. The mortgage had the following impacts, The car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get car loan w/ part time job as student with no credit, no-cosigner but no expenses ### Answer: Instead of going to the dealership and not knowing if you will be able to get a loan or what the intere...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get car loan w/ part time job as student with no credit, no-cosigner but no expenses ### Answer: Ben already covered most of this in his answer, but I want to emphasize the most important part of gett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do I need to consider when refinancing one home to pay the down-payment of another? ### Answer: What kind of financial analysis would make you comfortable about this decision? The HELOC and ARM a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do I need to consider when refinancing one home to pay the down-payment of another? ### Answer: and I need to upgrade my current home to a larger, longer-term property Would selling your current ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax treatment of renovation costs and mortgage interest on a second house ### Answer: Should I treat this house as a second home or a rental property on my 2015 taxes? If it was not rented out or avai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rent or buy with 0 down ### Answer: Whether or not you choose to buy is a complicated question. I will answer as "what you should consider/think about" as I don't think "What should I do" is on topic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rent or buy with 0 down ### Answer: In the situation you describe, I would strongly consider purchasing. Before purchasing, I would do the following: Think about your goals. Work with good people. Se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non-owner car insurance and registration ### Answer: this is a bit unusual, but not unheard of. i have known more than one car whose owner was not its driver. besides the obvious risk that the legal ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks and bonds have yields, but what is a yield? ### Answer: For bonds bought at par (the face value of the bond, like buying a CD for $1000) the payment it makes is the same as yield. You pay $1000...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks and bonds have yields, but what is a yield? ### Answer: Yield can be thought of as the interest rate you would receive from that investment in the form of a dividend for stocks or interest paym...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as “stock insurance”? ### Answer: Yes, you can insure against the fall in price of stock by purchasing a put option. You pay for a put and if the price of the share falls below ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as “stock insurance”? ### Answer: Put options are basically this. Buying a put option gives you the right but not the obligation to sell the underlying security at a certain date...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as “stock insurance”? ### Answer: First off, the jargon you are looking for is a hedge. A hedge is "an investment position intended to offset potential losses/gains that may be i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as “stock insurance”? ### Answer: Not that I am aware. If you are trying to mitigate losses from stock purchases, you may want to consider stock mutual funds. This is why single...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do my 401k/Roth accounts benefit from compounding? ### Answer: You buy a share of something for $100. It goes up by 10% over a year, and you now have $110 in value. It goes up by 10% next year and y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do my 401k/Roth accounts benefit from compounding? ### Answer: During the course of the year, the S&P individual stocks will have some dividends. Not every last stock but a good number of them. Enough...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do my 401k/Roth accounts benefit from compounding? ### Answer: You might be confusing two different things. An advantage of investing over a long term is the compounding of returns. Those returns can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do my 401k/Roth accounts benefit from compounding? ### Answer: Sure, stocks don't pay interest. I just looked up the word "compound" in a couple of dictionaries and the relevant definition in all of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Big Short - shorting vs CDS ### Answer: To be able to truly short something you technically need to be able to borrow the security so you can sell it. There needs to be a system for borrowing in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer from credit to debit ### Answer: I've called both BofA and Amex Customer Support, and they couldn't help. That's because you cannot. Debit card is tied to your checking account, so you can d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer from credit to debit ### Answer: The new information helps a little, but you're still stuck as far as doing exactly what you asked. The question that you really should be asking is "How do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer from credit to debit ### Answer: As other answers and comments suggest you are trying to do something... odd to say the least. No one wants to use a credit card to finance a checking/current...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer from credit to debit ### Answer: As revised, the answer is still that you're asking the wrong question. If your father wants to make money available on your debit card, all he has to do is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How come I can't sell short certain stocks? My broker says “no shares are available” ### Answer: In finance, short selling (also known as shorting or going short) is the practice of selling assets, us...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How come I can't sell short certain stocks? My broker says “no shares are available” ### Answer: Shorts are difficult because you have to find someone to lend the stock to you. In contrast, put option...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How come I can't sell short certain stocks? My broker says “no shares are available” ### Answer: You can't short a stock unless there is someone willing and able to "lend" shares to you. And there are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there statistics showing percentage of online brokerage customers that are actually making a profit trading forex/futures/options? ### Answer: Finding statistics is exceedingly hard, because the m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there statistics showing percentage of online brokerage customers that are actually making a profit trading forex/futures/options? ### Answer: Interactive Brokers advertises the percent of profita...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there statistics showing percentage of online brokerage customers that are actually making a profit trading forex/futures/options? ### Answer: It looks like these types of companies have to disclo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a ETN that is supposed to track Crude Oil like UWTI show constant decline every year? And am I an idiot for investing in it? ### Answer: After looking at both S&P GSCI Crude Oil Index Excess ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a ETN that is supposed to track Crude Oil like UWTI show constant decline every year? And am I an idiot for investing in it? ### Answer: This security looks like it will require patience for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to pay an insurance deductible, or get an upgrade? ### Answer: You asked for simple, and I promise you this is... it just looks a bit math-heavy to start with because we have to handle a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to pay an insurance deductible, or get an upgrade? ### Answer: If you repair your phone, when your current balance is paid off, could you get the same coverage for less money? Or would yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to pay an insurance deductible, or get an upgrade? ### Answer: I would go for the upgrade and cancel the insurance. It's been 5 years since I left the post paid subsidized phone world and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to pay an insurance deductible, or get an upgrade? ### Answer: I think you have a few choices that cannot be described by math alone: Repair current phone: 149 Replace current phone with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to pay an insurance deductible, or get an upgrade? ### Answer: I'm going to guess you're on Verizon and your wife has an iPhone. I just went through this exact same situation with my mom'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy a computer on my credit card, or on credit from the computer store? ### Answer: Using your credit card: Applying for a store credit card: In general it is far better to not buy big...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy a computer on my credit card, or on credit from the computer store? ### Answer: Since you have a credit card, I recommend you use it for the purchase. It gets you two things at the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy a computer on my credit card, or on credit from the computer store? ### Answer: As far as the money goes, it all comes down to the terms. What is going to cost you the least? Loo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy a computer on my credit card, or on credit from the computer store? ### Answer: The downside of the store card is that the "deal" for using the card is typically 6-12 months of "no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy a computer on my credit card, or on credit from the computer store? ### Answer: In my experience dealing with credit cards and store cards, you may find that the store card is much...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy a computer on my credit card, or on credit from the computer store? ### Answer: you should pay cash. always pay cash or debit card. never use credits unless absolutely required. if...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Split buying a house 3 ways. How do I approach this? ### Answer: Get everything in writing. That includes ownership %, money in, money out, who is allowed to use the place, how much they need to pay t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Split buying a house 3 ways. How do I approach this? ### Answer: I would second the advice to not do this. Real estate ownership is complex to begin with, involving a constant stream of maintenance, f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get a mortgage when buying a house, for credit reasons? ### Answer: It may or may not be a good idea to borrow money from your family; there are many factors to consider here, not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get a mortgage when buying a house, for credit reasons? ### Answer: I would go with the family route if I was you. And i think many other people would if they were fortunate to ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock market order execution ### Answer: I used to work on the software in the front office (and a bit of the middle office) of a brokerage firm. This page describes the process pretty well. Basically...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock market order execution ### Answer: When you are placing an order with an online broker you should already know what exchange or exchanges that stock trades on. For example if you look up under Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Discount Rate vs. IRR ### Answer: The IRR is the Discount Rate r* that makes Net Present Value NPV(r*)==0. What this boils down to is two ways of making the same kind of profitability calculation. Yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does investment into a private company work? ### Answer: To me this sounds like a transaction, where E already owns a company worth 400k and can therefore pocket the money from D and give D 25% of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does investment into a private company work? ### Answer: Each company has X shares valued at $Y/share. When deals like "Dragon's Den" in Canada and Britain or "Shark Tank" in the US are done, this...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does investment into a private company work? ### Answer: However what actually appears to happen is that the 100k is invested into the company to fund some growth plan. So is it actually the case ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company like Apple be buying back its own shares? ### Answer: A Breakdown of Stock Buy Backs has this bottom line on it: Are share buybacks good or bad? As is so often the case in finance,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company like Apple be buying back its own shares? ### Answer: I think JB King's answer is interesting from the point of view of "is this good for me" but the OP's question boils down to "w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are 'no interest if paid in in x months' credit cards worth it? ### Answer: You can't buy it outright. You can't take the time to save up. if the remaining choice is between a card that charges from d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are 'no interest if paid in in x months' credit cards worth it? ### Answer: It has been reported in consumer media (for example Clark Howard's radio program) that the "no interest for 12 months" contr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are 'no interest if paid in in x months' credit cards worth it? ### Answer: I too am a full-monthly-statement-balance payer and I received a balance transfer offer from my credit-card company. This on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are 'no interest if paid in in x months' credit cards worth it? ### Answer: No, because of the balance transfer fees, which could be 4%. Unless of course you get a deal for 12 months of no payment, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: Institutional investors are the "elephant" in the room. When they "sneeze," everyone else "catches cold." They're fine, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: It's not necessarily bad but it can cause the stock price to become a lot more volatile. Depends on which side of the bet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: Its pretty much always a positive to have large institutional investors. Here's a few cases where I can see an argument a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: Because someone smarter than you by 50 IQ points (a quant) will depart their larger position long before you have a chanc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: Let’s turn this round. Now what if the only people willing to own part of company are doing it due to the expectation tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: Generally speaking, having more institutional investors is a good sign. Of course there are many types of institutions. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the usual terms of a “rent with an option to buy” situation? ### Answer: Things I would specifically draw your attention to: the contract typically allows for an "option" to purchase; it does...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the usual terms of a “rent with an option to buy” situation? ### Answer: In most cases an rent with option to buy is structured as follows: The renter/buyer will place a deposit/premium (not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the usual terms of a “rent with an option to buy” situation? ### Answer: The typical deal would be a premium to the normal rent, say $1200 instead of $1000, in return he has the option to buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the usual terms of a “rent with an option to buy” situation? ### Answer: While the other people have tried to answer your question as thoroughly as possible, I fear they are entirely incorrec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Harmony Gold Mining Company is listed on the NYSE and JSE at different prices? ### Answer: The quotes on JSE are for 100 share lots. The quotes on NYSE are for single shares. That still leaves some ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Harmony Gold Mining Company is listed on the NYSE and JSE at different prices? ### Answer: On NYSE it isn't the equity which is listed but is an ADR(American Depositary Receipt). Source A negotiable c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: Your friends are overlooking a couple of problems with house prices and salaries being out of whack: Home 'equity' is a paper gain unles...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: Indefinitely is easy to answer. Assume that the average house currently costs four times the average salary, and that house prices rise ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: Those folks should be introduced to some real estate folks I know, they'd get along famously, being as how they still think it's 2007. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: Here's another way to think about. Let's assume it is 2011 and we have a married couple who are 25 and make a combined salary of $50,00...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: They can't keep rising with respect to people's income because eventually you run out of buyers. If there's roughly one house for every ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: The three basic needs are food, clothing, and shelter. Housing falls into the third category. Because it is "basic," housing takes up a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: The big problem with your argument is the 10% per year figure, because in the long term (especially if adjusted for inflation) the price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: There's a few things going on here. If we fixed rates (and terms) over time we'd expect a pretty tight chart of home prices to income, a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: I'd suggest changing the subject when your friends talk about real estate to save your sanity and friendship. There's a difference betw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What fees should I expect when buying and/or selling a house? ### Answer: Typical costs to buy might include: One piece of advice if you've never bought, fixing problems with a house always seems to c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have made all the payments on a car I cosigned. Do I have to fight for possession of the vehicle? ### Answer: Ordinarily a cosigner does not appear on the car's title (thus, no ownership at all in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do there exist any wikipedia type sites for evaluating financial service providers? ### Answer: It is always a good idea if you are worried about customer service and hidden gotchas to visit http://ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do there exist any wikipedia type sites for evaluating financial service providers? ### Answer: Excellent question. I'm not aware of one. I was going to say "go visit some personal finance blogs" but...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the average log-return value of a stock mean? ### Answer: Probably the best way to investigate this is to look at an example. First, as the commenters above have already said, the log-return...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the average log-return value of a stock mean? ### Answer: Log-returns are very commonly used in financial maths, especially quantitative finance. The important property is that they're symm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the average log-return value of a stock mean? ### Answer: Knowing the log return is useful - the log return can help you to work out the annual return over the period it was estimated - and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with $50,000? ### Answer: Here is some good advice, read your UCO prospectus. It seems to hold 20% of it's value ($600MM out of $3B) via 13800 of the Apr 21st 2015 contracts. (expiring in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with $50,000? ### Answer: Considered a down payment on a house? Some illiquid assets? Otherwise you are doing 'responsible' get rich slow (read: get rich old) type things. And this questio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with $50,000? ### Answer: Before anything else, pay down any debt at higher interest rates. Best guaranteed return on investment you can get. What do you plan to use the money for, when, wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How accurate is Implied Volatility in predicting future moves? ### Answer: Historical volatility of a stock is going to be based on past performance, basically its current trend. That can be useful, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How accurate is Implied Volatility in predicting future moves? ### Answer: A change in implied volatility tells us something about what investors are thinking (or fearing) about the volatility going f...